Stockwinners Market Radar for February 14, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:05 EST Cathie Wood's ARK Investment bought 14.6K shares of Coinbase today

20:03 EST Cathie Wood's ARK Investment bought 13.7K shares of UiPath today

18:55 EST Wag! Group director buys $2.62M in common stock - In a regulatory filing, Wag! Group disclosed that its director Brian Yee bought 992K shares of common stock on February 10th in a total transaction size of $2.62M.

18:17 EST Lee Enterprises receives Nasdaq notification over Form 10-Q - Lee Enterprises has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that, as a result of the company's continued delay in filing its Annual Report on Form 10-K for the fiscal year ended September 25, 2022 and because the company did not file its Quarterly Report on Form 10-Q for the period ended December 25, 2022, within the prescribed time period, the company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1).

17:55 EST Khosla Ventures Acquisition Corp trading resumes

17:35 EST Vapotherm CEO buys $500K in common stock - In a regulatory filing, Vapotherm disclosed that its CEO Joseph Army bought 476K shares of common stock on February 10th in a total transaction size of $500K.

17:33 EST Google rolls out Privacy Sandbox for Android in Beta - Anthony Chavez, VP, of Privacy Sandbox at Google blogged in part, on the company's Keyword earlier: "...Last year, we announced the Privacy Sandbox on Android, an industry-wide initiative to raise the bar for user privacy and ensure continued access to free content and services. Building on our web efforts, we're developing solutions for digital advertising that limit user data sharing and don't rely on cross-app identifiers...Today, we're entering the next phase of this initiative, rolling out the first Beta for the Privacy Sandbox on Android to eligible devices. With the Beta, users and developers will be able to experience and evaluate these new solutions in the real world...The Privacy Sandbox for Android Beta will roll out gradually, starting with a small percentage of Android 13 devices, and will expand over time. If your device is selected for the Beta, you'll receive an Android notification letting you know. The Privacy Sandbox Beta provides new APIs that are designed with privacy at the core, and don't use identifiers that can track your activity across apps and websites. Apps that choose to participate in the Beta can use these APIs to show you relevant ads and measure their effectiveness...You'll be able to control your Beta participation by going to the Privacy Sandbox section of Settings." Reference Link

17:26 EST Paulson exits positions in APA Corp., VMWare, Barrick Gold - John Paulson's Paulson & Co. disclosed in an SEC filing its holdings as of December 31, 2022. Paulson exited seven holdings during the quarter, including by size of previous position, APA Corp. (APA), VMWare (VMW), Barrick Gold (GOLD), and Rumble (RUM). Paulson reduced its stake in seven holdings, including by size of previous position, Horizon Therapeutics (HZNP), SSR Mining (SSRM), Thryv Holdings (THRY), Overseas Shipholding (OSG), and Agnico Eagle Mines (AEM). The fund's top holdings as of December 31, 2022, in order of size, were Brightsphere Investment (BSIG), Horizon Therapeutics, Bausch Health (BHC), Novagold Resources (NG) and AngloGold Ashanti (AU).

17:23 EST TripAdvisor sees FY23 adjusted EBITDA margin flat year-over-year - Sees FY23 revenue growth that reflects diverse growth profiles across portfolio and is consistent with broader travel growth trends. "In 2023, our focus will be on both growing our restaurant base and our diner base," the company said in earnings call prepared remarks. "For restaurateurs, we believe we are providing more value with products such as TheFork Pay, and testing different pricing options. For diners, we remain focused on driving awareness and user experience through our app. Importantly, in 2023 we expect to see significant improvements in profitability, driven by fixed and discretionary cost leverage and an increase in media efficiency."

17:16 EST Instagram is ending live shopping on March 16 to focus on other 'features' - In a comment on its support page, Instagram noted: " Beginning on March 16, you will no longer be able to tag products in live broadcasts on Instagram. This change will help us focus on products and features that provide the most value to our users. You will still be able to set up and run your shop on Instagram as we continue to invest in shopping experiences for people and businesses across feed, stories, Reels, ads and more." Reference Link

17:15 EST Absolute Software Corp trading resumes

17:05 EST Realty Income raises quarterly dividend to 25.45c from 24.85c per share - The dividend is payable on March 15, 2023, to stockholders of record as of March 1, 2023, and represents a 3.2% increase over the year-ago period.

16:59 EST Khosla Ventures Acquisition Corp trading halted, news pending

16:53 EST Monarch Casino says benefitting from enhanced Black Hawk property - John Farahi, co-chairman and CEO of Monarch, commented: "Monarch ended a strong 2022 with record fourth quarter and fiscal year financial results. We continue to benefit from the ongoing ramp up of our expanded and enhanced Black Hawk property. Net revenue and Adjusted EBITDA growth of over 20% in 2022 drove free cash flow to a record high, positioning Monarch to return capital to stockholders in the form of the one-time cash dividend and the recurring annual cash dividend to be paid quarterly, which we announced last week. As of now, we have approximately $30 million cash in the bank. We expect to pay the one-time dividend with the available cash, including additional cash generated from operations, with the remaining balance to be drawn from the new credit facility. Our strong balance sheet and free cash flow allows us to continue to invest in our existing operations, while we pursue potential M&A opportunities.

16:49 EST Greenlight buys Tenet, exits Intel in Q4 - David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of December 31, 2022. The fund's four new buys during the fourth quarter included, by size of position, Tenet (THC), Gulfport Energy (GPOR), Funko (FNKO), and Coya Therapeutics (COYA). Greenlight exited five holdings during the quarter, including by size of previous position Intel (INTC), News Corp. Class B (NWS), and Rivian (RIVN). The fund increased its stake in ten holdings, including by size of previous position Kyndryl (KD), Teck Resources (TECK), Global Payments (GPN), Southwestern Energy (SWN), and Civitas (CIVI). Greenlight reduced its stake in 11 holdings, including by size of previous position Resideo (REZI), Victoria's Secret (VSCO), SPDR Gold Shares (GLD), GoPro (GPRO), and CNX Resources (CNX). The fund's top holdings as of December 31, in order of size, were Green Brick (GRBK), Brighthouse Financial (BHF), Consol Energy (CEIX), Kyndryl, and Teck Resources.

16:47 EST Presto Automation sees FY23 ARR $28M-$30M - Reported Q2 ARR $29M, a decrease of 4% year-over-year. ARR would have been $32M but for the accounting treatment related to a specific customer contract that precluded the recognition of certain revenues related to the contract.

16:44 EST Upstart falls 6% to $15.78 after Q4 results, below-consensus Q1 guidance

16:43 EST Devon Energy increases fixed dividend 11% - As part of the fourth-quarter dividend announcement, the board approved an increase in the fixed dividend of 11%, or 2c per share. After the fixed dividend is funded, up to 50% of the excess free cash flow each quarter will be distributed to shareholders through the variable dividend.

16:42 EST Clearwater Paper sees Q1 adjusted EBITDA $65M-$75M - Sees $42M benefit in Q1 due to no major maintenance outages and lower impact from operational issues. Sees previously announced price increases and mix largely offsetting cost inflation. Guidance taken from Q4 earnings presentation slides.

16:40 EST Devon Energy sees Q1 total oil equivalent production 625-645 mboepd

16:35 EST Virgin Orbit provides update on U.K. mission anomaly - Virgin Orbit said: "On 9 January 2023, during the first attempted orbital launch from the United Kingdom, Virgin Orbit's LauncherOne experienced an anomaly, leading to a premature shutdown of the rocket and failure to reach orbit. Virgin Orbit began its investigation into the failure within hours of the conclusion of the mission, under the leadership of distinguished aerospace veteran Jim Sponnick and Virgin Orbit Chief Engineer Chad Foerster. The failure investigation team received immediate access to extensive telemetry data collected during the mission from the ground stations in the UK, Ireland, and Spain, as well as systems onboard its carrier aircraft, providing a robust dataset that the investigation team has thoroughly examined. The investigation includes oversight by U.S. Federal Aviation Administration and the UK Air Accidents Investigation Branch (acting as the Space Accident Investigation Authority (SAIA) for the United Kingdom) and also participation by personnel from the Department of Defense, National Transportation Safety Board, and the National Reconnaissance Office. The U.K. Civil Aviation Authority will also be involved in investigation process. The investigation has confirmed that the Virgin Orbit team successfully executed pre-flight preparations, carrier aircraft takeoff, captive carry flight, and rocket release. The ignition, first stage flight, stage separation, second stage ignition, and fairing deployment of the LauncherOne rocket were nominal. Each of these milestones constituted a first-of-its-kind achievement for any orbital launch attempt from western Europe. LauncherOne performed successfully on all four prior operational flights, accurately delivering 33 payloads to their required orbits. The investigation team is utilizing a comprehensive fault tree, a very detailed timeline, and several other products to conduct the investigation in a rigorous manner. Key observations at this point in the investigation: The data is indicating that from the beginning of the second stage first burn, a fuel filter within the fuel feedline had been dislodged from its normal position; Additional data shows that the fuel pump that is downstream of the filter operated at a degraded efficiency level, resulting in the Newton 4 engine being starved for fuel. Performing in this anomalous manner resulted in the engine operating at a significantly higher than rated engine temperature; Components downstream and in the vicinity of the abnormally hot engine eventually malfunctioned, causing the second stage thrust to terminate prematurely; The early thrust termination ended the mission, and the second stage and its payloads fell back to Earth, landing in the approved safety corridor in the Atlantic Ocean. The investigation is employing a detailed action plan to develop key analyses and tests to replicate flight conditions and to aid in determining the root cause or causes of the failure. All potentially credible scenarios, including the one described above are being investigated. Numerous tests are underway to support the investigation and help lead to definitive conclusions. Ultimately, all credible causes of the failure will be addressed prior to the next LauncherOne mission.

16:34 EST CF Industries enters into pact with BP for supply of 2.2 BCF of certified natgas - As part of its commitment to reduce its scope 3 emissions by 10% by 2030 and to reduce the lifecycle carbon intensity of ammonia production, CF Industries Holdings, Inc. (CF) announced that it has entered into an agreement with BP (BP) for the supply of 2.2B cubic feet of certified natural gas in 2023. MiQ-certified natural gas, or certified gas, is produced by companies whose operations are independently verified by a third-party auditor. These third parties provide a factual assessment of methane emissions intensity - the ratio of methane emissions to natural gas produced. CF Industries uses natural gas as a feedstock in the production of ammonia. Methane emissions throughout the natural gas supply chain are a significant contributor to the lifecycle carbon intensity of ammonia production and one of the two largest sources of scope 3 emissions for the Company.

16:32 EST Elliott buys NiSource, cuts Aerojet in Q4 - Paul Singer's Elliott Management disclosed in an SEC filing its holdings as of December 31, 2022. The fund's six new buys during the fourth quarter included, by size of positoin, iShares iBoxx High Yield Corporate Bond ETF (HYG), SPDR Bloomberg High Yield Bond ETF (JNK), Liberty Broadband Class C (LBRDK), NiSource (NI), and News Corp (NWSA). Elliott increased its stake in three holdings during the quarter, including by size of previous position Pinterest (PINS), Triple Flag Precious Metals (TFPM), and E2open (ETWO). The fund reduced its stake in five holdings, including Aerojet (AJRD), Uniti Group (UNIT), Peabody Energy (BTU), Polestar Automotive (PSNY), and Howmet (HWM). Elliott's top holdings as of December 31, in order of size, were Triple Flag, Howmet, Marathon Petroleum (MPC), Pinterest, and Peabody Energy.

16:29 EST GoDaddy sees FY23 CapEx about $50M

16:26 EST Appaloosa takes stake in Disney, exits position in Mosaic - David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of December 31, 2022. Appaloosa's three new buys during the fourth quarter included, by size of position, Disney (DIS), Caesars Entertainment (CZR), and Aptiv (APTV). Appaloosa exited one position during the quarter, Mosaic (MOS). Appaloosa increased its stake in seven holdings, including by size of previous position, HCA Healthcare (HCA), Chesapeake Energy (CHK), Salesforce (CRM), Uber Technologies (UBER), and Alibaba Group (BABA). Appaloosa reduced its stake in eight holdings, including by size of previous position, Meta Platforms (META), Constellation Energy (CEG), Enterprise Products Partners (EPD), and Sysco (SYY). Appaloosa's top holdings as of December 31, 2022, in order of size, were Constellation Energy, Alphabet (GOOG), Amazon (AMZN), Macy's (M), and Energy Transfer (ET).

16:21 EST Similarweb reports Q4 customer growth of 16 y/y to 4,049 - In Q4, the company: "Grew number of customers to 4,049 as of December 31, 2022, an increase of 16% compared to December 31, 2021. Grew average annual revenue per customer to approximately $51,600 in the fourth quarter of 2022, an increase of 8% compared to the fourth quarter of 2021. Grew number of customers with ARR of $100,000 or more to 337 as of December 31, 2022, an increase of 24% compared to December 31, 2021. Customers with ARR of $100,000 or more contributed 55% of the total ARR as of December 31, 2022, compared to 51% as of December 31, 2021. Dollar-based net retention rate for customers with ARR of $100,000 or more was 120% in the fourth quarter of 2022 as compared to 125% in the fourth quarter of 2021."

16:16 EST Darling Ingredients announces agreement with Cattlemen's Heritage Beef Company - Darling Ingredients announced that it has entered into an agreement with Cattlemen's Heritage Beef Company to purchase the off-take from its planned 2,000-head per day beef-processing facility in Mills County, Iowa. Darling Ingredients also announced that it intends to expand its nearby Bellevue, Nebraska, rendering plant to increase receiving and processing capacity. Cattlemen's Heritage Beef Company aims to provide a market for cattle raised by smaller, independent cattle producers. It plans to break ground on its Mills County beef-processing plant in the spring of 2023, with the goal of starting operations before the end of 2024. The Mills County facility is expected to bring around 800 jobs to the area and has a projected economic gain for Iowa of up to $8B, over the next five years.

16:12 EST Louis Vuitton confirms Pharrell Williams to become new Men's Creative Director - Louis Vuitton confirmed that Pharrell Williams will become its new Men's Creative Director, effective immediately. His first collection for Louis Vuitton will be revealed this June during the Men's Fashion Week in Paris, the company said in a statement. "I am glad to welcome Pharrell back home, after our collaborations in 2004 and 2008 for Louis Vuitton, as our new Men's Creative Director. His creative vision beyond fashion will undoubtedly lead Louis Vuitton towards a new and very exciting chapter." declares Pietro Beccari, Louis Vuitton's Chairman and CEO.

16:11 EST Herbalife Nutrition not providing FY23 guidance - Given the rapidly shifting macroeconomic sentiment and backdrop, as well as increased volatility in the market, the Company is not providing FY 2023 guidance. The Company will periodically reassess its ability to provide guidance when we believe future performance can be reasonably estimated.

16:09 EST Qiagen's TB blood test gains CE-marking under new EU IVDR framework - Qiagen announced the certification of QuantiFERON-TB Gold Plus - a tuberculosis blood test - under the European Union's 2017/746 In Vitro Diagnostic Medical Devices Regulation which is replacing the 98/79/EC In Vitro Diagnostic Directive. QFT-Plus is QIAGEN's trusted test, endorsed by the WHO, that aids in indirect detection of the bacteria that causes tuberculosis. The IVDR certification of QFT-Plus follows the QIAGEN ipsogen JAK2 RGQ PCR Kit as well as the NeuMoDx Systems and reagents, which gained IVDR CE-marking in late 2022. The updated set of rules, which became effective May 26, 2022, is now imposing higher and broader requirements on IVD manufacturers to receive CE-marking for their products. It also includes stronger oversight by independent EU-designated organizations, referred to as Notified Bodies. QuantiFERON-TB Gold Plus is classified as a Class C device under IVDR. With its more stringent mandates, the European regulatory framework comes closer to the FDA IVD regulations in the US and aims to ensure higher quality of health services for patients.

16:08 EST Electromed CEO Kathleen Skarvan to retire - Electromed announced that Kathleen Skarvan will retire as President and Chief Executive Officer with a target effective date on or around July 1, 2023. After her retirement she will serve as a non-employee member and chair of the company's board of directors. The Board of Directors is conducting a comprehensive search to identify a new President and CEO and engaged a national executive search firm to assist in the process. Skarvan has served as the company's Chief Executive Officer since 2012, joined the board of directors in 2013 and added the title of President in 2016. During her tenure leading the company, Skarvan has helped position Electromed as a leader in HFCWO airway clearance technology and has overseen a tripling of revenues and consistent profitability since 2015. Most recently, she implemented a multi-pronged strategic growth initiative that has resulted in a larger and more productive commercial team, increased market share and recently announced the limited market release of the fifth generation of innovation in airway clearance, the SmartVest Clearway. "It has been a privilege to lead Electromed for over ten years, and with the Company well positioned for continued success, I believe now is the right time to begin the transition to the next generation of leadership," stated Skarvan. "I look forward to continuing to work with the Board and management team over the coming months to identify an exemplary leader for our business and to ensure a successful transition."

16:00 EST Upstart Holdings trading halted, news pending

14:17 EST JPMorgan CFO sees Q1 banking revenue to be down about 20% - While speaking at the Credit Suisse Financial Services Forum, JPMorgan CFO Jeremy Barnum said: "So as of right now, remembering that last year's first quarter was particularly strong, we're expecting banking revenue to be down about 20% this quarter. So we'll see how it goes, but that's what it looks like to us right now. On the market side, last year's first quarter was also exceptionally strong. So we would be thrilled if we could duplicate last year's first quarter performance. And the quarter is starting out relatively strong. But as we sit here today, our central case is to probably come in a little bit worse than last year. But obviously, we're not even halfway through the quarter yet, so a lot of uncertainty out there and mostly how it goes."

13:56 EST Fox Sports says Super Bowl LVII was most-streamed Super Bowl in history - Fox Sports said yesterday that the Super Bowl LVII broadcast drew a preliminary average audience of 113M viewers on Sunday across television and digital. Kansas City's victory delivered the best Super Bowl audience in six years ranking as the most-watched Super Bowl since 2017 on Fox, per Nielsen Media Research Fast National data and Adobe Analytics. 182.6M viewers watched all or part of Super Bowl LVII on Fox and Fox Deportes. Fox added that its average audience represents the second most-watched non-overtime Super Bowl on record and the second most-watched program in Fox Sports history. Super Bowl LVII was the most-streamed Super Bowl in history, delivering an average of 7M streams, up +18% over last year and up +103% over Fox's last Super Bowl stream in 2020, according to Adobe Analytics and traditional counting of streaming, which does not take into account co-viewing from connected devices. The Super Bowl LVII live streaming audience includes consumption across: com; the Fox Sports app; Fox.com; the FOX NOW app; NFL digital properties including the NFL mobile app, the NFL Fantasy mobile app, NFL.com, the NFL connected TV app and NFL+ for subscribers. Reference Link

13:16 EST Kala recruiting for study of KPI-012 in participants with PCED - According to a post to the ClinicalTrials.gov website first posted on February 14, Kala Pharmaceuticals is recruiting for a Phase 2 study of participants diagnosed with persistent corneal epithelial defect, or PCED, at multiple U.S. centers to assess the safety and efficacy of KPI-012, a topical mesenchymal stem cell secretome therapy. After an initial cohort of at least 2 participants to evaluate the safety of the high strength product, participants in the second cohort will be randomized to treatment with either the product or vehicle for 8 weeks. The percentage of healing will be compared between groups treated with product and vehicle. The total length of study participation will be approximately 34 weeks, according to the post. Reference Link

12:49 EST Avaya announces expansion of global partnership with RingCentral - Avaya (AVYA) announced today that it has extended and expanded its global, strategic partnership with RingCentral (RNG), which was formed in 2019 to introduce and launch Avaya Cloud Office by RingCentral. Avaya will continue to act as the exclusive sales agent for direct and partner sales of Avaya Cloud Office, Avaya's exclusive multi-tenanted cloud PBX solution, in the geographies where it is available. The partnership has also expanded to include additional go-to-market constructs that enable Avaya to sell Avaya Cloud Office to its installed base on a direct basis. In addition, Avaya will be compensated in cash as Avaya Cloud Office seats are sold and, in connection with the Financial Restructuring, RingCentral's preferred stock in Avaya will be eliminated.

12:48 EST Tiger Global boosts stakes in Visa, Mastercard, reduces position in Microsoft - Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of December 31. 2022. Tiger Global's 13 new buys during the fourth quarter included, by size of position, Madison Square Garden (MSGS), UnitedHealth (UNH), Yext (YEXT), Pinterest (PINS), and Delta (DAL). Tiger Global exited five positions during the quarter, including by size of previous position, Blackstone (BX), Qualcomm (QCOM), and European Wax Center (EWCZ). Tiger Global increased its stake in 11 holdings, including by size of previous position, Visa (V), Mastercard (MA), Dollar General (DG), AutoZone (AZO), and Workday (WDAY). Tiger Global reduced its stake in one holding, Microsoft (MSFT). Tiger Global's top holdings as of December 31. 2022, in order of size, were Microsoft, AutoZone, Workday, Madison Square Garden, and Visa.

12:46 EST Avaya extends, expands strategic partnership with RingCentral

12:45 EST Avaya takes action to acclerate transformation, fortify capital structure

12:05 EST Select Medical, AtlantiCare enter JV for Southeastern New Jersey - Select Medical announced a joint venture agreement with AtlantiCare to own and manage operations of a new inpatient rehabilitation hospital and 13 outpatient physical therapy centers throughout the southeastern region of New Jersey. Select Medical will serve as both the majority owner and managing partner across the two post-acute care lines. Subject to state approvals, the construction of the new hospital in Galloway Township will begin this year. Under the agreement, Select Medical will contribute 13 outpatient physical therapy centers under its NovaCare Rehabilitation brand. All are currently operating in the southeastern region. Expected to open in 2024/2025, the new inpatient rehabilitation hospital will carry the Bacharach Institute for Rehabilitation name and serve patients recovering from debilitating illnesses and injuries including stroke and other neurological disorders, brain injury, spinal cord injury, amputation and other complex orthopedic conditions.

12:00 EST Geo Group falls -14.3% - Geo Group is down -14.3%, or -$1.71 to $10.24.

12:00 EST N.T. Butterfield rises 9.3% - N.T. Butterfield is up 9.3%, or $3.06 to $36.00.

12:00 EST OneConnect rises 17.3% - OneConnect is up 17.3%, or $1.16 to $7.86.

11:08 EST CSX reaches agreement with additional IAM, BRC divisions on paid sick leave - CSX announced that agreements have been secured with additional divisions of its International Association of Machinists and Aerospace Workers and Brotherhood of Railway Carmen unions on paid sick leave for railroad workers. The agreements were reached with the IAM Roadway Mechanics and the BRC Carmen for Fruit Growers Express Company. Both organizations represent employees who support CSX mechanical operations. CSX has been working collaboratively with its union partners, building momentum toward finding solutions that improve the work experience for its employees. The new agreements are the most recent of six paid sick leave agreements announced by CSX within the past week.

11:03 EST Taboola announces Taboola Turnkey Commerce launch in partnership with TIME - Taboola announced Taboola Turnkey Commerce, a new turnkey offering that gives premium publishers the ability to create trustworthy content that attracts shoppers and helps them make great purchase decisions. This offering connects readers who trust publishers' editorial content with thoroughly tested and reviewed products and services. This offering creates a lucrative revenue source for publishers that capitalizes on readers with high purchase intent, while allowing retailers, financial services providers, and advertisers to reach buyers at massive scale, in trusted premium editorial environments. Taboola Turnkey Commerce launches with a new partnership between Taboola and TIME. Reaching a combined audience of 100 million globally across all platforms, TIME has chosen Taboola Turnkey Commerce to exclusively manage its new platform for product and services review-driven content.

10:54 EST Pathfinder Acquisition Corp trading resumes

10:53 EST Cleveland-Cliffs not idling any more steel assets

10:46 EST GE Aerospace announces firm order for 40 GEnx-1B, 20 GE9X engines from Air India - Air India, part of Tata Sons, has signed a firm order for 40 GEnx-1B and 20 GE9X engines, plus a multi-year TrueChoice engine services agreement, GE Aerospace (GE) announced. The deal was signed in coordination with the airline's firm order with Boeing (BA) for 20 Boeing 787 and 10 Boeing 777X aircraft, GE noted. "Air India also announced a CFM order for more than 800 LEAP engines, the largest LEAP order ever, to power its entire narrowbody purchase of 210 Airbus A320/A321neo aircraft and 190 Boeing 737 MAX-family aircraft. The announcement includes a multi-year CFM services agreement. CFM is a 50/50 joint business between GE and Safran Aircraft Engines," GE stated. "We are proud to continue our longstanding partnership with Tata Group and Air India. We look forward to working together to introduce these engines into Air India's fleet and are committed to ensuring they deliver exceptional performance," added H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace.

10:38 EST Acreage files proxy statement related to arrangement with Canopy Growth - Acreage Holdings (ACRGF) announced that it: (i) obtained an interim order of the Supreme Court of British Columbia dated January 18, 2023, as varied on February 13, 2023, in connection with its proposed arrangement involving Canopy Growth Corporation (CGC) and Canopy USA, LLC, to be implemented under a statutory plan of arrangement pursuant to section 288 of the Business Corporations Act; and (ii) filed its proxy statement and management information circular and related materials with the United States SEC in respect of the special meeting of holders of Acreage's Class D subordinate voting shares to be held on March 15 to approve the Floating Share Arrangement and matters related thereto. The special resolution approving the Floating Share Arrangement must be approved by: (i) at least 66 2/3% of the votes cast by Floating Shareholders, present virtually or represented by proxy and entitled to vote at the Meeting; and (ii) in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, a simple majority of votes cast by the Floating Shareholders, present virtually or represented by proxy and entitled to vote at the Meeting, excluding the votes in respect of Floating Shares cast by any "interested party", any "related party" of an "interested party" or any "joint actor." In addition to satisfying the conditions set forth in the Floating Share Arrangement Agreement, the implementation of the Floating Share Arrangement is subject to obtaining the final order of the Court, approval of the Floating Share Arrangement from Floating Shareholders at the Meeting and satisfaction of certain other conditions to implementing the Floating Share Arrangement, as set forth in the arrangement agreement dated October 24, 2022 among Acreage, Canopy and Canopy USA.

10:32 EST Boeing confirms Air India has selected up to 290 jets, including 737 MAX - Boeing and Air India confirmed the carrier has selected Boeing's family of airplanes to expand its future fleet with plans to invest in 190 737 MAX, 20 787 Dreamliner and 10 777X airplanes. The agreement between Boeing and Air India includes options for 50 additional 737 MAXs and 20 787-9s. When finalized, this will be the largest Boeing order in South Asia and a historic milestone in the aerospace company's nearly 90-year partnership with the carrier, Boeing said in a statement. "This acquisition of nearly 300, highly advanced Boeing jets is a core element of Vihaan.AI, the comprehensive transformation and growth strategy we are pursuing at Air India," said Campbell Wilson, CEO and MD, Air India. "These new airplanes will enable us to dramatically expand our network, both domestically and internationally, and will come with a completely new, world-class onboard product enabling passengers to travel in the highest levels of comfort and safety. With this order, we are delighted to take our long relationship with Boeing to a new level."

10:24 EST White House confirms Air India purchase of over 200 Boeing aircraft - The White House confirmed the purchase of over 200 Boeing aircraft by Air India and Boeing. "This purchase will support over one million American jobs across 44 states, and many will not require a four-year college degree," President Biden said in a statement. Shares of Boeing are up 2% to $219.50 following the news. Reference Link

10:07 EST Cleveland-Cliffs sees shipments rising to 4M ton level in Q1 - Comments taken from Q4 earnings conference call.

10:06 EST Cleveland-Cliffs sees shipments rising to 4M ton level in Q1 - Comments taken from Q3 earnings conference call.

10:00 EST Boxlight announces $15M share repurchase program - Boxlight announced that its Board of Directors approved a share repurchase program with authorization to repurchase up to $15M in shares of its Class A common stock.

10:00 EST Albany International falls -15.1% - Albany International is down -15.1%, or -$16.62 to $93.17.

10:00 EST BigBear.ai rises 6.9% - BigBear.ai is up 6.9%, or 27c to $4.19.

10:00 EST Palantir rises 10.8% - Palantir is up 10.8%, or 82c to $8.43.

09:47 EST Albany International falls -8.9% - Albany International is down -8.9%, or -$9.77 to $100.02.

09:47 EST Endava falls -12.7% - Endava is down -12.7%, or -$11.21 to $77.02.

09:47 EST Zoetis rises 6.7% - Zoetis is up 6.7%, or $10.89 to $174.03.

09:36 EST EngageSmart appoints Mark Daoust as CCO, Enterprise Solutions - EngageSmart has appointed Mark Daoust as Chief Customer Officer, Enterprise Solutions. In this role, Daoust will oversee Implementations, Onboarding, Pricing, Settlement Operations, Client Services, and Customer Success across EngageSmart's Enterprise solutions including InvoiceCloud, HealthPay24 and DonorDrive. He spent nearly 15 years at Hewlett-Packard Enterprise where he held a variety of leadership positions including as the Vice President of Operations and Services.

09:26 EST Diana Shipping to acquire m/v Nord Potomac for $27.9M - Diana Shipping announced that it has signed a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Nord Potomac, a 2016 built Ultramax dry bulk vessel of 63,379 dwt, for a purchase price of $27.9M. The Company anticipates to take delivery of the vessel by the beginning of April 2023.

09:18 EST Sintx announces Utah armor facility for advanced ceramics complete - SINTX Technologies announces that equipment installation along with key renovations and upgrades to its SINTX Armor facility in Salt Lake City are now complete. This milestone is the result of an intensive effort by the SINTX team to upgrade the facility's infrastructure and install armor manufacturing equipment that was acquired from Ohio-based B4C LLC. SINTX Armor is a 10,000 square-foot facility that can manufacture high-performance ceramic armor plates for personnel, aircraft, and vehicles. Products include 100% boron carbide or BoroShock, which is a high-strength material designed to protect special forces against high-velocity projectiles. Another product, DuraShockTM, is a composite of boron carbide and silicon carbide that is designed to protect law enforcement personnel. "SINTX Armor reiterates our commitment toward meeting the global demand for protective ceramic armor," said Dr. Sonny Bal, CEO of SINTX. "Our expertise in advanced ceramics has positioned us as a leader and innovator in the protective armor industry well into the future."

09:13 EST Tetra Tech selected for multiple A-E $200M services contracts in Korea - Tetra Tech announced that the U.S. Army Corps of Engineers, Far East District, selected Tetra Tech for a $200M, multiple-award contract to provide architect-engineer, A-E, services throughout the Republic of Korea. Under this five-year contract, Tetra Tech will provide A-E technical services in support of the U.S. Army, Air Force, and other federal agencies. Tetra Tech will conduct site investigations, prepare engineering design documents, and perform program management services to support the U.S. government's ongoing mission in the Pacific region. Tetra Tech will incorporate Leadership in Energy and Environmental Design, LEED, and other sustainability elements into the design of new and renovated buildings and infrastructure, including water, sanitation, and electrical utilities. "The U.S. Army Corps of Engineers has been a valued client for almost 50 years," said Dan Batrack, Tetra Tech Chairman and CEO. "We look forward to using our Leading with Science approach to support to the Far East District in its mission to deliver state-of-the-art engineering solutions on the Korean peninsula."

09:10 EST Sintx Technologies announces new Utah armor facility is fully operational - SINTX Technologies announced that equipment installation along with key renovations and upgrades to its SINTX Armor facility in Salt Lake City are now complete. This milestone is the result of an intensive effort by the SINTX team to upgrade the facility's infrastructure and install armor manufacturing equipment that was acquired from Ohio-based B4C LLC. "SINTX Armor reiterates our commitment toward meeting the global demand for protective ceramic armor," said Dr. Sonny Bal, CEO of SINTX. "Our expertise in advanced ceramics has positioned us as a leader and innovator in the protective armor industry well into the future."

09:07 EST ARC Group agrees to acquire controlling profit-share interest in Luminous - ARC Group has entered into an agreement to acquire a controlling profit-sharing interest in US-based private equity and advisory firm Luminous Capital. The transaction enhances the global reach and service width for both ARC and Luminous. ARC Group's full-service financial platform is complemented by Luminous's private equity and advisory expertise through its deep-rooted knowledge of US capital markets with a focus on the rapidly growing legal cannabis industry. With Luminous launching its high yield private credit fund, this partnership will provide a unique opportunity for ARC's capital network to gain exposure to the fast growing, legal US cannabis industry. ARC Group President Sergio Camarero commented: "This is another key milestone in our growth strategy. Luminous Capital gives us a US presence in the financial hub of the world - New York City. We have worked with the Luminous team on their SPAC and observed the excellence and integrity their team brings to their advisory and investing practice. Luminous Capital is a step further in building out the ARC platform as we look to become an international financial institution strengthening the opportunities between Asia and the rest of the world."

09:05 EST Wells Fargo comfortable with Q1, FY NII guidance, says CFO

09:04 EST Choice Hotels, Wells Fargo, MasterCard to launch new cobranded credit card - Choice Hotels (CHH) has finalized a multi-year agreement with Wells Fargo (WFC) and Mastercard (MA) to launch a new cobranded credit card program this spring. The new collaboration will make Wells Fargo the official issuer and Mastercard the exclusive payments network of credit cards through the award-winning Choice Privileges loyalty program. Aligning these companies make it possible to offer an exciting lineup of additional benefits and perks for Choice Privileges Mastercard cardmembers and make it even easier and faster to accrue points that can be redeemed for reward night stays at more than 7,500 hotels across more than 20 hotel brands including Cambria Hotels, Radisson Hotels, Radisson Blu, The Ascend Hotel Collection, Country Inn & Suites, Everhome, Comfort, and more.

09:02 EST eBay Motors announces launch of eBay Guaranteed Fit - eBay Motors announces the launch of eBay Guaranteed Fit, a program that gives users even more confidence when buying and selling on the marketplace. Shoppers can now look for the green 'Fits' compatibility checkmark on select parts and accessories listings to gauge whether the part will fit their vehicle. If the part arrives and doesn't fit as expected, eBay Motors will cover the cost of the return and the buyer will receive a full refund - enabling more seamless and trusted transactions for both shoppers and sellers.

08:57 EST Marriott: World Cup boosted Middle East RevPAR 44%

08:52 EST Athersys granted clinical Type B meeting with FDA - Athersys announced that the company has been granted a clinical Type B meeting with the FDA. The company was previously granted Regenerative Medicine Advanced Therapy, or RMAT, and fast track designations for the use of MultiStem in the treatment of ischemic stroke. These designations enable sponsors to work closely with the FDA and receive its guidance on expediting advancement of designated programs. In the Type B meeting with the FDA, scheduled for late March, the Company intends to discuss proposed modifications to the ongoing pivotal Phase 3 MASTERS-2 clinical trial, which is under special protocol assessment, or SPA, agreement.

08:50 EST Marriott CFO: Hiring challenges have moderated

08:48 EST Conduent selected by NMHSD to deliver Medicaid Management Information System - Conduent announced that it has been selected by the New Mexico Human Services Department, NMHSD, to deliver a new Medicaid Management Information System, MMIS, to replace the agency's existing system. Conduent's Medicaid Suite, CMdS, a modular, cloud-based technology platform, will create a seamless experience for providers and improve access for approximately one million state Medicaid members. Conduent will manage the system implementation, and provide maintenance and enhancements designed to reduce costs while optimizing the state's Medicaid operations. "Conduent has proudly served the state of New Mexico for the last 29 years. We are pleased to continue our successful collaboration, now focusing on the transformation of the state's MMIS technology infrastructure. Our commitment is to bring best-in-class solutions and services that help the Human Services Department meet the mandates to reduce program costs and improve the lives of all New Mexicans," said Mark King, President of Conduent Government Solutions.

08:46 EST Cycurion appoints L. Kevin Kelly as CEO - Cycurion announced that L. Kevin Kelly will succeed Emmit McHenry as CEO effective February 14, 2023. Mr. McHenry will continue to serve as Chairman of the Board, focusing his expertise and deep industry knowledge on Cycurion's strategic growth plan. The leadership transition further strengthens Cycurion's senior team as it prepares to become a public company via merger with Western Acquisition Ventures Corp. Kelly began his pivotal role in leadership as CEO of Heidrick & Struggles International where he established the company as a global consulting firm operating in 60 countries. After his tenure at Heidrick & Struggles, Mr. Kelly held several leadership and advisor roles, including as CEO and President of Asia Pulp & Paper and Executive Advisor at BTS.

08:44 EST Ondas appoints Reese Mozer as president - The Company announced that Reese Mozer, founder & CEO of American Robotics, has been appointed President of Ondas. Derek Reisfield who has served as Ondas' President will remain CFO, Treasurer and Secretary of Ondas. In addition, Vijay Somandepalli, founder & CTO of American Robotics, has been named VP, Technical Strategy at Ondas.

08:42 EST Mirum submits sNDA for Livmarli to treat cholestatic pruritus patients - Mirum Pharmaceuticals announced that it has submitted a supplemental New Drug Application, sNDA for LIVMARLI or maralixibat. oral solution for the treatment of cholestatic pruritus in patients two months of age and older with progressive familial intrahepatic cholestasis, PFIC... LIVMARLI is currently approved in the U.S. and Israel for the treatment of cholestatic pruritus in patients with Alagille syndrome, ALGS, one year of age and older, as well as in the European Union in the same indication, in patients two months of age and older. "Following the groundbreaking MARCH clinical data, we are thrilled at the opportunity to provide the PFIC community in the U.S. a treatment option that significantly reduces pruritus and gives hope for a life less burdened by PFIC," said Chris Peetz, president and chief executive officer at Mirum. "The MARCH PFIC study greatly advanced the understanding of treatment options for PFIC by including the broadest range of genetic types ever studied. We are working urgently to bring LIVMARLI to PFIC patients."

08:42 EST Marriott has not seen signs of demand softening, says CEO

08:41 EST Asset Entities targets Discord's user platform with launch of AE.360.DDM - Asset Entities announced the launch of an online marketing campaign for its suite of services for the Design, Development and Management, DDM, of Discord community servers, AE.360.DDM. AE.360.DDM builds upon the company's digital marketing and content delivery services that it provides to businesses and celebrities across Discord and other social media platforms. The launch of the new marketing campaign for AE.360.DDM follows the development and pilot deployment of AE.360.DDM for a select group of customers last year.

08:40 EST Marriott sees gross rooms growth about 5.5% in 2023 - Comments taken from Q4 earnings conference call.

08:38 EST Telos receives $32.5M U.S. Air Force contract for DCO - Telos Corporation announced it has been awarded a $32.5M contract to provide Mission Defense Teams, MDT, support for the U.S. Air Force's Air Combat Command, ACC, Defensive Cyber Operations, DCO, weapons systems and mission areas. The DCO WhiteSpace program provides contractor support to perform aspects of plans and programs support, client systems, cyber transport, and cyber operations to augment base personnel in the performance of core information technology services. "The Air Combat Command continues to lead the way in the arena of cyber defense, and Telos is proud to contribute to this effort through improvements to the Air Force's IT systems and mission performance," said John Wood, CEO and chairman, Telos. "As a critical component of this front-line defense capability, Telos is pleased to continue our long-time support of the United States Air Force and the Air Combat Command." This bridge contract represents a two-year extension of a pre-existing program. The contract will be performed across multiple U.S. locations and is expected to be completed in January 2025.

08:36 EST Idaho Strategic withdraws proposal to acquire Westwater Resources - Idaho Strategic Resources (IDR) announced that it has withdrawn its business combination proposal to acquire Westwater Resources (WWR) for $1.36 per share due to the Board of Directors of Westwater's continued unwillingness to constructively engage in discussions around a potential combination. The proposal to build a new domestic critical minerals company represented a share price premium of approximately 73% to the last unaffected trading day for both companies prior to the business combination proposal announcement on December 22. "We are disappointed that the Westwater Board has refused to even discuss the potential combination of our two companies and ignored our proposal that would deliver immediate and long-term value to all Westwater shareholders," said John Swallow, Idaho Strategic President and CEO. "Instead of engaging in constructive dialogue, the Westwater Board let this unique and value-generative opportunity to potentially create a company with a clean share structure, a low float, high insider ownership, a significant cash position and several tier 1 critical minerals projects within the United States go unexplored." Swallow continued, "After careful assessment with our advisors, we determined that given the lack of meaningful engagement from Westwater, Idaho Strategic's best path forward at this time is to execute on our own 'production-based' strategy while delivering long-term value for our stakeholders. Our gold operations are hitting stride and the dynamic nature of the REE industry seems to be changing almost daily. With our positioning in the REE industry and actual mining and development experience, our ability to drive results even through periods of increased inflation and global uncertainty, in addition to providing exposure to a decarbonized future is relevant now more than ever. We will continue our disciplined approach to M&A, while monitoring the situation at WWR, and explore value enhancing opportunities just as our shareholders have come to expect."

08:36 EST Safe & Green to deliver four medical modules to The Peoples Health Care - Safe & Green announced that the company has entered into an agreement with The Peoples Health Care, a non-profit organization, based in Glendale, California, working in conjunction with Teamsters Local 848, to deliver on or before the end of the second quarter four full mobile medical modules consisting of one Testing Module, one CLIA Lab Facility Module and two Primary Care Modules to locations to be designated by the parties. Each of the medical modules will be ADA compliant and fully designed and equipped with the necessary equipment for a turnkey operation to provide medical services consistent with industry standards. The company is engaged in negotiations with Transcend Health to serve as the clinical operator and staffer of the medical modules providing union members with general wellness, point-of-care medicine, and primary care. Amenities are expected to include, but are not limited to, general wellness, vaccines and testing, specialist referrals, urgent care, imaging and pathological diagnostics, and pharmacy services.

08:35 EST Albireo Pharma announces the FDA accepted sNDA, issued PDUFA for Bylvay - Albireo Pharma announced that the U.S. Food and Drug Administration, FDA, has accepted the Company's supplemental New Drug Application, sNDA, and issued a Prescription Drug User Fee Act, PDUFA, action date of June 15, 2023 for a second Bylvay indication for patients with Alagille syndrome, ALGS. With completed submissions for Bylvay in the U.S. and EU for use in patients with ALGS, the Company anticipates approvals in mid-2023. "After completing the regulatory submissions in record time and now with FDA Priority Review acceptance, we are one step closer to bringing Bylvay to market to treat patients with Alagille syndrome, providing hope for this rare disease community that deserves treatment options," said Ron Cooper, President and Chief Executive Officer of Albireo. "With the Phase 3 randomized, placebo-controlled ASSERT data and Orphan Designation, we are planning for approval in Alagille syndrome in mid-2023, expanding access to Bylvay for more of the cholestatic liver community."

08:33 EST Imax expands partnership in Indonesia for ten new theaters - Imax and Cinema XXI are expanding their longstanding partnership with an agreement for ten new Imax with Laser systems across Indonesia. The new deal will double the size of Imax and Cinema XXI footprint, taking the overall number of Imax commercial systems in Indonesia from ten to twenty. The rollout of the theatres will continue into 2027. Cinema XXI is the largest exhibitor in Indonesia and currently operates nine Imax locations with one additional location in backlog prior to the agreement announced today. The ten new Cinema XXI locations will be equipped with Imax with Laser.

08:33 EST 3D Systems announces availability of ProJet-MJP 2500W Plus - 3D Systems announced the availability of the ProJet MJP 2500W Plus. This new solution is specifically designed to produce complex, high-quality, pure wax 3D-printed jewelry patterns with unparalleled speed and precision for use in the lost wax casting process. Engineered specifically to meet the unique requirements of the jewelry industry, the ProJet MJP 2500W Plus can produce high-resolution 100% wax casting patterns in hours. Additionally, the new high-resolution printing mode enables best-in-class smooth pure wax casting patterns that require less finishing to reduce precious metal waste. This enables the quick and cost-effective creation, iteration, and production of all jewelry styles, including the most complex geometries.

08:30 EST Savara announces Rob Lutz appointed COO, Wilhoit EVP Global Commercial - Savara announced the appointments of two pharmaceutical industry veterans to its executive leadership team. Rob Lutz has been appointed Chief Operating Officer, effectively immediately. Scott Wilhoit was appointed Executive Vice President, Global Commercial, effective January 9 , and Dave Lowrance was promoted from Chief Financial Officer to Chief Financial and Administrative Officer, effective December 13 .

08:28 EST Ensysce to present overdose protection program at NIH HEAL Meeting - Ensysce Biosciences announced a Poster Presentation will be presented by Geoff Birkett, Chief Commercial Officer of Ensysce, at the Annual NIH HEAL Meeting on February 22, 2023, in Washington, D.C. The HEAL initiative is an effort to improve prevention and treatment strategies for opioid misuse and addiction and to enhance pain management across NIH institutes. The HEAL Annual meeting is designed to bring together researchers, federal officials, people with life experience, and other stakeholders to share research findings, explore trends and shared interests, and ultimately to identify opportunities to advance the goals of the initiative. The meeting will include panels, scientific symposia, discussion groups, networking, and poster sessions for in-person and virtual attendees. Ensysce will present its work on the overdose protection platform, MPAR that has been supported by the HEAL program. The clinical development of PF614-MPAR, the first opioid drug product that has both abuse deterrent properties as well as overdose protection, is a direct result of the efforts of this support. PF614-MPAR, designed to provide optimal pain relief at prescribed doses, has overdose protection built into each capsule.

08:22 EST Wrap Technologies shares new body-worn camera footage from Texas PD - Wrap Technologies shared new body-worn camera footage from the Alton, Texas Police Department, PD. The footage highlights the effectiveness of the Company's BolaWrap Remote Restraint device in resolving potentially dangerous situations. Wrap CEO TJ Kennedy added, "This situation showcases the capability of the BolaWrap to deliver safe outcomes even in dangerous and dynamic scenarios. The decision made by the Alton Police Officer to utilize the BolaWrap was commendable and resulted in a positive outcome for all parties involved. The video also clearly demonstrates the effectiveness of the BolaWrap in stopping a criminal suspect who was running away at full speed, a critical use case for many high-stress scenarios. We believe BolaWrap can be the smart solution to end many foot chases from continuing."

08:21 EST Zscaler announces intent to acquire Canonic Security - Zscaler announced the intent to acquire Canonic Security, a SaaS application security platform innovator. Canonic's platform is designed to prevent organizations' growing risks of SaaS supply chain attacks. "When I speak with the top global CIOs, they consistently express their challenges with efficiently securing supply chain logistics due to the massive blind spot in SaaS-to-SaaS communications. While protecting SaaS platforms is necessary with CASB and SSPM, enterprises must reduce the supply chain attack surface, detect SaaS-native threats and automate responses," said Jay Chaudhry, CEO, chairman and founder, Zscaler. "The addition of Canonic augments our CASB and SSPM capabilities and further strengthens the growing set of services on the Zscaler Zero Trust Exchange, the world's largest cloud security platform, and provides our customers with unprecedented visibility and security of their SaaS applications. I am pleased to welcome the Canonic team to the Zscaler family as we execute on our vision to advance SaaS security."

08:19 EST Tritium announces OK has purchased more than 300 fast chargers - Tritium DCFC announced that OK a.m.b.a., Denmark's largest fuel retailer, has purchased more than 300 fast chargers for use at fuel stations, on highways, in urban areas and retail sites, and with OK's corporate fleet and fleet customers. This deployment of Tritium fast chargers is part of OK's wider plan to support the expansion of Denmark's public charging infrastructure in both large and small Danish cities, providing the fast charging infrastructure needed to support the Danish government's goal of at least 775,000 electric or plug-in hybrid cars on the country's road network by 2030, in a bid to reduce greenhouse gas emissions by 70%. "In 2022, nearly 40% of cars sold in Denmark were electric or plug-in hybrids, providing evidence of the Danish technology transition and solidifying Denmark's position as a global leader in the transition to sustainable transportation," said Jane Hunter, Tritium CEO. "A growing network of public fast chargers will add further momentum to Denmark's EV uptake, and we're pleased to support OK's e-mobility goals. Our partnership with OK will increase drivers' access to fast chargers in Denmark, enabling a more rapid transition to EVs with all of the environmental benefits they bring."

08:19 EST Fluence Energy announces expansion of Fluence Nispera - Fluence Energy announced that Fluence Nispera has expanded to provide real-time performance monitoring, AI-enabled performance analysis, and optimization of energy storage assets, and is currently operational on five energy storage assets totaling 267 MW / 948 MWh globally. The cloud-based asset performance management software is now available for energy storage and all categories of renewables including solar, wind, and hydro.

08:17 EST Indaptus Therapeutics names Martell to board of directors - Indaptus Therapeutics (INDP) announces it has named Robert Martell, M.D., Ph.D. to its Board of Directors. Having been in the pharmaceutical industry for more than 20 years, Dr. Martell currently serves as Head of Research and Development, as well as previously serving on the Board of Directors for more than six years at Curis (CRIS).

08:16 EST Cidara regains compliance with Nasdaq minimum bid price requirement - Cidara Therapeutics announced that it has received formal notice from The Nasdaq Stock Market stating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

08:14 EST Athenex announces reverse stock split - Athenex announced that it will effect a 1-for-20 reverse stock split of its issued common stock, effective at 12:01 a.m. Eastern Time on February 15, 2023. Beginning tomorrow, February 15, 2023, the Company's common stock will trade on a split-adjusted basis. At the Company's Special Meeting of Stockholders held on November 22, 2022, the Company's stockholders approved a proposal to authorize a reverse stock split of the Company's common stock, at a ratio within the range of 1-for-5 to 1-for-20, as determined by the Company's Board of Directors. The Board of Directors approved a 1-for-20 reverse split ratio, and on February 13, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect the reverse stock split effective as of February 15, 2023. The Company's Board of Directors implemented the reverse stock split with the objective of regaining compliance with the $1.00 minimum bid price requirement of The Nasdaq Global Select Market.

08:14 EST Sesen Bio boosts special cash dividend to 36c per share, Torok to join board - Sesen Bio and Carisma Therapeutics announced that the companies have reached a voting and support agreement with Bradley L. Radoff and Michael Torok .The Investor Group, which beneficially owns approximately 8.7% of Sesen Bio's outstanding common stock, has committed to vote its shares in support of the pending merger. In connection with the Support Agreement, Sesen Bio and Carisma have further amended the previously amended merger agreement announced on December 29 , which has been unanimously approved by the Boards of Directors of both companies: Increased the one-time special cash dividend expected to be paid to Sesen Bio stockholders to $75M, 36c per share. This represents an increase from the expected special cash dividend of approximately $70M, approximately 34c per share, under the first amendment to the merger agreement, and an increase from the up to $25M special cash dividend under the terms of the original merger agreement.

08:14 EST Bank of America CEO: Consumer spending activity up in January vs. 2021 - CEO Brian Moynihan, at the bank's Securities Financial Services Conference, said the firm's analysts are predicting a less severe recession on the horizon. He said consumers still have the capacity to borrow.

08:12 EST TMB leverages Magnite SSP, SpringServe Ad Server - Magnite announced TMB, Trusted Media Brands, has selected Magnite's Demand Manager as its pre-bid wrapper solution. TMB leverages Magnite as one of its preferred omnichannel sell-side platforms, SSPs. SpringServe, now part of Magnite, will serve as TMB's ad server of record for OTT video content. TMB's portfolio of brands reaches more than 200 million consumers worldwide across every screen. "Our teams and technology support media owners across any and every screen and format and TMB is a great example of a content owner that can tap into the full extent of our offerings due to their scale," said Mike Laband, Senior Vice President of Programmatic Platforms at Magnite. "As TMB continues to increase their content offerings across streaming video, display and mobile, we're eager to help them simplify workflows and unlock opportunities through programmatic."

08:11 EST Beam Global receives multiple orders from correctional facilities - Beam Globa announced several orders for EV ARC off-grid EV charging systems were placed by correctional facilities on the east and west coasts of the U.S. The systems were purchased through the California Department of General Services contract #1-22-61-16, which allows state, local and municipal government entities in California and other U.S. states, to purchase Beam products at the California negotiated price, without having to go through a lengthy procurement or technology review process.

08:10 EST Outlook Therapeutics announces anticipated milestones - Upcoming Anticipated Milestones: Continued progress with ongoing pre-launch commercial preparations in anticipation of potential approval for ONS-5010 in 2023; PDUFA goal date of August 29, 2023; Completion of enrollment in the NORSE SEVEN clinical trial assessing the safety of ONS-5010 in a pre-filled syringe; and Estimated decision date from the EMA's CHMP on the Company's submitted MAA in EU for ONS-5010 expected in early 2024.

08:09 EST Outlook sees cash runway through anticipated FDA approval of ONS-5010 - In December 2022, the Company closed a registered direct equity offering priced at-the-market under Nasdaq rules, resulting in net proceeds of approximately $24.0 million. Additionally, the Company closed on an unsecured convertible promissory note with a face amount of $31.8 million and net proceeds of approximately $30.0 million after original issue discount and after deducting the lender's transaction costs. The net proceeds from these transactions are expected to provide sufficient capital to support operations past the anticipated FDA approval of ONS-5010 in the third calendar quarter of 2023 and into the fourth calendar quarter of 2023. At December 31, 2022, Outlook Therapeutics had cash and cash equivalents of $52.3 million.

08:07 EST Textainer board raises quarterly dividend 20% to 30c per share - Textainer's board of directors approved and declared a $0.30 per common share cash dividend, payable on March 15, 2023 to holders of record as of March 3, 2023, an increase of $0.05 per common share, or 20%, from the previous quarter.

08:04 EST Corteva announces commercial launch of Optimum GLY canola - Corteva announced plans for the commercial launch of Optimum GLY canola - an advanced herbicide-tolerant trait technology for canola farmers. In 2023, Optimum GLY canola will be offered for commercial planting in Canada and the United States through Corteva Agriscience seed brands Pioneer and Brevant seeds. In Australia it will be showcased in Pioneer brand demonstration trials in preparation for full launch in 2024. Accelerated ramp-up in a broader set of genetic backgrounds and maturities will take place in the coming years

07:55 EST TC Energy files 2022 annual disclosure documents - TC Energy Corporation filed with Canadian securities authorities: Audited Consolidated Financial Statements for the year ended Dec. 31, 2022 with related Management's Discussion and Analysis; and The Company's Annual Information Form for the year ended Dec. 31, 2022. In addition, TC Energy filed its Form 40-F for the year ended Dec. 31, 2022 with the United States Securities and Exchange Commission.

07:44 EST Amesite announces GPT-3 powered functionality to its AI toolkit - Amesite announced an expansion of platform capabilities. Amesite is now delivering features leveraging GPT-3, the engine for ChatGPT, on its learning platform, to complement its existing AI capabilities. Amesite's V5 Customers now have the option to offer learners an AI-assist in explaining challenging concepts and drafting materials. Amesite CEO, Dr. Ann Marie Sastry said, "We continue to believe that AI is the future of effective, scalable online learning, and have demonstrated the importance of the technology with our 99% retention rate for paid experiences. With curated access to databases with over 240M pieces of qualified information, our users receive updates on important developments in their fields in real time. Internally, we are leveraging generative AI to deliver an ever-expanding roster of advanced tools - enabling us to dramatically reduce our expenses as we target higher revenue."

07:43 EST Ivanhoe Electric provides updated MRE for Santa Cruz Copper Project - Ivanhoe Electric Executive Chairman, Robert Friedland and President and CEO Taylor Melvin are pleased to provide an updated Mineral Resource Estimate for the Santa Cruz Copper Project located west of Casa Grande, Arizona. The updated Mineral Resource Estimate now includes the first Mineral Resources declared at the East Ridge Deposit directly adjacent to the Santa Cruz Deposit and at the Texaco Deposit approximately one mile to the northeast. The updated Mineral Resource Estimate utilizes higher cut-off grades than the 0.39% cut-off used in the December 8, 2021 Santa Cruz Project Mineral Resource statement. The higher cut-off grades were used to account for the consistency and thickness of the higher-grade exotic, oxide and enriched copper domains, which support a more selective, lower-impact bulk mining method. The resource at the Santa Cruz Deposit reflects a 0.70% total copper cut-off, while the resources at East Ridge and Texaco reflect a 0.90% and 0.80% total copper cut-off, respectively. Even at these higher cut-off grades, the overall project-wide contained copper in Indicated Mineral Resources increased by 11%. Importantly, project-wide contained copper in Indicated Mineral Resources, excluding primary sulfide mineralization, increased by 86%. Friedland commented: "We are making great strides towards our ambitious goal of constructing a low-carbon footprint, underground copper mine with minimal surface disturbance in Arizona. The maiden resource estimates for the East Ridge and Texaco Deposits were founded on the knowledge gained from our 26.5 km2 proprietary Typhoon 3D induced polarization and resistivity geophysical survey conducted in 2022 and build on the success we have achieved at the Santa Cruz Deposit. Today's announcement is an important milestone that underpins the future development potential of the Santa Cruz Copper Project."

07:40 EST Bombardier announces partial redemption of Senior Notes due 2025 - Bombardier announced that it has issued a notice of partial redemption for $500 million principal amount of its outstanding 7.50% Senior Notes due 2025. As set forth in the notice of partial redemption issued today in respect of the Redemption Notes, the redemption date is March 16, 2023, and the redemption price for the 2025 Notes is 100.00% of the principal amount redeemed, plus accrued and unpaid interest. On February 14, 2023, a copy of the notice of redemption with respect to the Redemption Notes was issued to record holders. Payment of the redemption price and surrender of the Redemption Notes for redemption will be made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company on March 16, 2023. The partial redemption described herein is separate from and unrelated to Bombardier's cash tender offer for a portion of the 7.50% Senior Notes due 2025 that was announced on January 17, 2023 and which expired at 11:59 P.M., New York City time, on February 13, 2023.

07:38 EST Titan Medical lays off certain members of senior leadership team - Titan Medical announced senior leadership changes and the receipt of a notification from the Nasdaq Stock Market LLC Listing Qualifications Department stating that following the resignation of Heather Knight from the Company's board of directors and audit committee, the Company no longer complies with Nasdaq's audit committee requirement set forth in Nasdaq Rule 5605. Senior Leadership Changes: Following the announcement of February 8, 2023, the Company has decided to layoff certain members of the Company's senior leadership team. Each of these individuals remain available to assist the Company as independent consultants. The following changes are effective immediately: Tammy Carrea is no longer VP, Quality and Regulatory Affairs of the Company. Ms. Carrea will continue to assist the Company, as needed, as an independent consultant with quality and regulatory matters, and to assist with the strategic review process; Kristen Galfetti is no longer VP, Investor Relations and Corporate Communications of the Company. Ms. Galfetti will continue to assist the Company, as needed, as an independent consultant with investor relations and corporate communications, and to assist with the strategic review process; Eric Heinz is no longer VP, Market and Corporate Development of the Company. Mr. Heinz will continue to assist the Company, as needed, as an independent consultant with corporate development activities, and to assist with the strategic review process; and Chris Seibert is no longer VP, Upstream Marketing of the Company. Mr. Seibert will continue to assist the Company, as needed, as an independent consultant with clinical and upstream marketing, and to assist with the strategic review process.

07:37 EST MICT's Tingo Mobile, Visa launch pan-African strategic partnership - MICT (MICT), through its wholly-owned subsidiary Tingo Mobile, and Visa (V) announced the launch of their pan-African strategic partnership, which aims to improve access to digital payments and financial services, and drive financial inclusion across Africa. The launch of the Tingo Visa card, together with the new TingoPay Super App and the TingoPay business portal, opens significant global opportunities to Tingo's subscribers, allowing secure cashless payments at more than 61 million merchants in over 200 countries through Visa's global network, as well as the ability for business subscribers to more readily and securely accept payments from customers and other third parties. Darren Mercer, Chief Executive Officer of MICT, Inc. commented: "I am delighted with today's launch of our partnership with Visa and the launch of TingoPay, which are hugely significantly events for the Company. Visa is the perfect partner for our pan-Africa roll-out, with their unrivalled reach throughout the continent. In addition to the enhancement of the offering to our core market of agriculture and farming, the launch of our partnership with Visa and our TingoPay super app also expands our B2B offering to SMEs across all business sectors and sees us introduce our first retail consumer offering. This significant expansion is expected to deliver a considerable increase in revenues and make a considerable contribution to our consolidated earnings in 2023 and beyond."

07:28 EST Seres SER-109 data for rCDI published, PDUFA action date set for April 26 - Seres Therapeutics announced the publication of data from its Phase 3 ECOSPOR IV trial in JAMA Network Open that reinforce previously published results from the Phase 3 ECOSPOR III study on the investigational microbiome therapeutic SER-109 for the prevention of recurrent C. difficile infection or rCDI . With nearly 156,000 cases in the U.S., rCDI is a leading cause of hospital-acquired infection and places a significant burden on the healthcare system. "We are proud to see these critical supporting data from the ECOSPOR IV study published in a leading medical research journal. These findings extend our previous results and found that repopulating the GI tract with key protective bacteria via oral delivery can meaningfully reduce the risk of a recurrence of CDI, including in first recurrent patients," said Lisa von Moltke, M.D., Chief Medical Officer at Seres and publication co-author. "Recurrent C. difficile infection places a significant burden on patients, providers and the entire healthcare system and we believe that SER-109, if approved, may provide an important new treatment option for this disease." A Biologics License Application BLA for SER-109 has been submitted to the U.S. Food and Drug Administration FDA and was accepted for Priority Review, with a Prescription Drug User Fee Act PDUFA action date set for April 26 .

07:18 EST RFQ-hub Holdings appoints Colin Pettorsson as CEO - Virtu Financial announced the appointment of Colin Pettorsson as CEO of RFQ-hub. Before joining RFQ-hub as CEO, Pettorsson spent the previous 10 years managing product development for two other well regarded request-for-quote platforms.

07:15 EST Wesdome Gold Mines announces results from Kiena Deep A zone - Wesdome Gold Mines announces underground exploration drilling results from the Kiena Deep A zone at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec. Over the past several years, underground drilling has focussed on testing areas proximal to the Kiena Deep A zones. As part of this exploration focus, early success discovered the Footwall zones in 2021. Subsequently in 2022, exploration confirmed the presence of the South Limb at depth associated with Kiena Deep A zone, suggesting potential to increase the strike length of the high grade A zone. Later in 2022, drilling intersected two new zones in the relative high rock quality hanging wall basalt that returned 2,850 g/t Au over 1.5 metres. Since November, drill results have extended the Kiena Deep A zone 125 m down plunge. The A zone extends continuously from 1,100 m to approximately 2,000 m below surface and remains open at depth. Hole N103-6840W5 and N103-6840W6 confirmed the extension of the North Limb of the fold, with the overall geometry of the fold confirmed by hole 6840W4, the true thickness of the North Limb remains unknown. The down plunge continuity, volume and grade at depth of the South limb will be tested by future drilling as access is provided by the hanging wall ramp. Additionally, the latest drilling results have also continued to better define and expand the Footwall zones. Lenses FWZ_1 to FWZ_4 were intersected by holes N112-6861, N112-6861W1, and N112-6862W2. The results obtained have extended these lenses and also increased confidence in the validity of the geological model. Hole N103-6839W4 intersected and further defined the Hanging Wall Basalt zone reported in the November 16, 2022 press release. More drilling is planned to better define the orientation and the thickness of this zone. Highlights of the recent drilling are listed below: Hole N112-6861: 75.6 g/t Au over 10.0 m core length A zone; Hole N103-6840W5: 23.7 g/t Au over 5.0 m core length North Limb zone; Hole N103-6840W6: 26.8 g/t Au over 4.0 m core length North Limb zone; Hole N112-6861: 33.6 g/t Au over 21.8 m core length Footwall_2 zone; Hole N103-6839W4: 4.1 g/t Au over 22.8 m core length - Hanging Wall Basalt zone. Assays capped at 90.0 g/t Au for A zone and capped at 35.0 g/t Au for the Hanging Wall Basalt zones. True widths are estimated.

07:12 EST Appreciate launches operations in West Palm Beach market - Appreciate Holdings announced the Company's expansion into the West Palm Beach, Florida market. Appreciate's entry into the West Palm Beach market signals the continued growth of the Company's management segment. As Florida continues to see tremendous inbound migration, Appreciate has strengthened its presence in the state and now manages single-family rental homes across six markets. "One of our primary goals at Appreciate is to offer a comprehensive solution for those seeking to invest in and manage SFR," said Appreciate President, Kevin Ortner. "Through our latest strategic expansion, we have added another geographic market where we can provide our clients with an end-to-end solution for high-yield returns."

07:09 EST Coca-Cola says gained value share in NARTD beverages in Q4, FY - For both the quarter and the full year, the company gained value share in total nonalcoholic ready-to-drink beverages, which included share gains in both at-home and away-from-home channels.

07:08 EST Main Street makes $12.2M follow-on investment in Iron-Main Investments - Main Street recently completed a follow-on investment in an existing portfolio company. Main Street and its co-investor made the follow-on investment in Iron-Main Investments, in continued partnership with the company's other equity investors to support the company's acquisition of a company that specializes in pre-employment background checks and ancillary related services primarily in the industrial and healthcare industries. Main Street's follow-on investment consists of an additional $11.2M of first lien, senior secured term debt and a $1.0M equity investment. With its companies operating since 1984, Iron-Main provides pre-employment background checks and related services to employers in multiple industries throughout the U.S. This follow-on investment represents Main Street's third follow-on investment in the company.

07:07 EST Johnson & Johnson appoints Dr. John Reed as EVP of Pharmaceuticals, R&D - Johnson & Johnson (JNJ) announced the appointment of John Reed, M.D., Ph.D., to the company's executive committee as Executive Vice President of Pharmaceuticals, R&D. Dr. Reed previously served as Executive Vice President, Global Head of Research and Development for Sanofi (SNY) and "brings more than 35 years of biomedical research leadership to the company," J&J stated. Dr. Reed will join Johnson & Johnson on April 3, assuming responsibility for the company's portfolio from William Hait, M.D., Ph.D., who has served as interim head of Johnson & Johnson's Pharmaceutical R&D organization since August 2022.

07:06 EST Compugen: Rilvegostomig expected to progress into Phase 3 this year - Compugen (CGEN) reported that rilvegostomig, AstraZeneca's (AZN) bi-specific antibody derived from Compugen's COM902, is expected to progress into Phase 3 this year. AstraZeneca announced plans to initiate a Phase 3 trial for rilvegostomig, a PD-1/TIGIT bi-specific antibody and is also developing an expanded Phase 2 program.

07:05 EST Marriott: Q1 results to benefit from easier comparison to 1Q22 - Marriott said: "Results in the first quarter are expected to benefit significantly from the easier comparison to the 2022 quarter when the emergence of Omicron depressed lodging demand. Roughly halfway through the quarter, global booking trends remain robust. In January, worldwide RevPAR was up 51.6 percent year over year. Given short-term booking windows and a high level of macroeconomic uncertainty, there is less visibility in forecasting the company's financial performance for full year 2023. As a result, the company is providing a broad range of potential full year RevPAR and other key metrics in the following tables. The high end of the range reflects relatively steady global economic conditions throughout 2023, with continued resilience of travel demand across customer segments and markets. The low end of the range reflects a meaningful softening of the global economy beginning in the second quarter with worldwide RevPAR roughly flat compared to 2022 in the second half of the year."

07:04 EST Marriott reports retirement of President, International Craig Smith - Marriott announced that Craig S. Smith, Group President, International, has announcedhis decision to retire February 24, 2023, after a 35-year career with the company.

07:03 EST USA Compression sees 2023 net income $75M-$95M - Sees 2023 adjusted EBITDA $490.0M-$510.0M.

07:02 EST Tela Bio awarded biosynthetic mesh products agreement with national GPO - TELA Bio announced a three-year dual-source agreement in the biosynthetic category with one of the Nation's group purchasing organizations. The agreement, which runs through January 1, 2026, offers sizable growth opportunity over the contract period and provides their GPO members access to substantial cost savings and clinical differentiation.

07:00 EST Quest Diagnostics to acquire select assets of NYP laboratory services business - Quest Diagnostics and NewYork-Presbyterian, or NYP, announced a strategic agreement designed to broaden access to quality, innovative laboratory services for the providers and patients of NewYork-Presbyterian primarily in New York as well as the Tri-State Area and beyond. Under a definitive agreement, Quest will acquire select assets of the laboratory services business of NewYork-Presbyterian. NewYork-Presbyterian will still own and operate world-renowned hospital labs, including its anatomic pathology services, to continue providing high quality, complex clinical laboratory services with its academic partners. The parties expect to complete the transaction in the second quarter of 2023, pending customary regulatory approvals. Financial details of the transaction were not disclosed.

06:58 EST Exelon raises quarterly dividend 6.7% to 36c per share - Exelon declared a regular quarterly dividend of 36c per share on Exelon's common stock for Q1. The dividend is payable on Friday, March 10, 2023, to shareholders of record of Exelon as of 5 p.m. Eastern time on Monday, February 27, 2023.

06:46 EST Descartes Systems acquires GroundCloud for up-front consideration of $138M - Descartes Systems announced that it has acquired GroundCloud, a cloud-based provider of final-mile carrier solutions and road safety compliance tools. GroundCloud is headquartered in Minneapolis, Minnesota. Descartes acquired GroundCloud for up-front consideration of approximately $138M satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $80M, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026.

06:42 EST KalVista provides progress updates on sebetralstat development - KalVista provided multiple clinical trial and regulatory updates for its lead compound sebetralstat, as a potential oral on-demand therapy for HAE attacks. KalVista has enrolled more than 50% of the 114 targeted number of patients in the pivotal phase 3 KONFIDENT clinical trial. The trial will conclude once 84 of the patients enrolled complete the three-attack treatment sequence. As per previous guidance, topline data for the trial remains expected in the second half of 2023. The company recently received additional FDA regulatory guidance for the oral disintegrating tablet formulation of sebetralstat that confirmed the requirements to support a supplemental NDA filing. The guidance from FDA included that no efficacy trials with the ODT formulation will be required prior to filing the supplemental NDA filing. KalVista anticipates that the ODT formulation will follow the expected initial launch formulation in the US and EU, although it may become the initial launch formulation in other geographies. KalVista also recently received guidance from the Japanese regulatory authority on the clinical development pathway to a regulatory submission in that country. KalVista will now be enrolling Japanese patients in both KONFIDENT and KONFIDENT-S to support the filing, and clinical sites for Japanese enrollment have been selected and start up activities are underway.

06:38 EST Verve Therapeutics: VERVE-101 awarded Innovation Passport by UK MHRA - Verve Therapeutics announced that VERVE-101 has been awarded the Innovation Passport for the treatment of heterozygous familial hypercholesterolemia under the Innovative Licensing and Access Pathway by the Medicines and Healthcare products Regulatory Agency, the regulatory body of the United Kingdom. The ILAP aims to accelerate time to market and facilitate patient access to innovative medicines. VERVE-101 is a novel, investigational gene editing medicine designed to be a single-course treatment that permanently turns off the PCSK9 gene in the liver to durably lower disease-driving low-density lipoprotein cholesterol. Innovation Passport is the first step in the ILAP process and is awarded for a medicinal product addressing a condition that is life-threatening or seriously debilitating and where there is a significant patient or public health need.

06:33 EST Herc Holdings sees 2023 adjusted EBITDA $1.45B-$1.55B - Sees 2023 net rental equipment capital expenditures $1.0B-$1.2B. CEO Silber said, "As a leader in an industry where scale matters, we expect to continue to gain share by capturing an outsized position of the forecasted higher construction spending in 2023 by investing in our fleet, capitalizing on strategic acquisitions and greenfield opportunities, and cross-selling our diversified product portfolio."

06:12 EST Restaurant Brands appoints Joshua Kobza as CEO - The board of directors of Restaurant Brands has appointed Joshua Kobza as the company's CEO effective March 1 as part of its ongoing succession planning process. Kobza has held increasingly senior roles with the company over the last 11 years. Kobza will undertake his new role reporting to, and working together with, Patrick Doyle, executive chairman of RBI. Jose Cil will remain with the company for one year as an advisor and assist in the transition.

06:10 EST Hercules Capital raises quarterly cash distribution to 39c per share - Record date is March 2 with payment date of March 9.

06:06 EST Bridge Investment to acquire business of Newbury Partners for $320.1M - Bridge Investment Group announced it has entered into a definitive agreement to acquire substantially all of the business of Newbury Partners, an investment manager that specializes in acquiring limited partnership interests in private equity funds through secondary transactions. The all-cash transaction is valued at $320.1M. Bridge CEO Jonathan Slager added, "This acquisition is expected to be immediately accretive to Bridge's core earnings metrics. We see significant near- and long-term growth opportunities to further enhance Bridge's fee related earnings." The transaction is expected to close in the first half of 2023 and is subject to customary closing conditions, including regulatory and investor approvals.

05:25 EST Roadzen to become public through Vahanna Tech Edge Acquisition I merger pact - Roadzen and Vahanna Tech Edge Acquisition I announced that they have entered into a definitive merger agreement. Upon the closing of the transaction, the combined company will operate as Roadzen and expects to be listed on Nasdaq. The transaction reflects a pre-money equity value for Roadzen of approximately $683M. The merger is expected to close during the second quarter, subject to satisfaction of customary closing conditions. Roadzen's CEO Rohan Malhotra will continue to lead the combined company following the closing of the transaction. The transaction implies a pro forma equity value post-closing of approximately $965M. Estimated cash proceeds from the transaction are expected to consist of Vahanna's $204M of cash held in trust and prior to the payment of transaction expenses. The proceeds of the transaction are expected to fund Roadzen's organic growth initiatives and M&A strategy. All of Roadzen's existing shareholders are rolling 100% of their equity into the combined company. Upon the closing of the transaction, and assuming none of Vahanna's public shareholders elect to redeem their shares, existing Roadzen shareholders are expected to own 73.2% of the combined company. Completion of the proposed transaction is subject to customary closing conditions, including the approval of Vahanna's shareholders and the satisfaction of a $50M minimum cash condition. The boards of directors of each of Vahanna and Roadzen have approved the transaction. The transaction will require the approval of the shareholders of both Vahanna and Roadzen, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is expected to close during the second quarter.

05:16 EST Vaalco Energy increases quarterly dividend, provides operational update - Vaalco Energy announced that the company has increased its quarterly cash dividend to 6.25c per share of common stock for the first quarter, which is payable March 31 to stockholders of record at the close of business on March 24. The company also provided an operational update including fourth quarter production, sales and capital spending. The company increased its quarterly cash dividend by 92% from 3.25c per share in 2022; Production during the fourth quarter was approximately 18,175 BOEPD WI, or 14,200 BOEPD NRI. Additionally, production for the full year of 2022 was approximately 12,150 BOEPD WI, or 10,150 BOEPD NRI, an increase of 43% compared to 2021. Capital spending for the fourth quarter was approximately $55M..

05:09 EST Lemonade partners with BNP Paribas Cardif to offer renters insurance - BNP Paribas Cardif is partnering with Lemonade to offer renters insurance. This B2C offer allows a client experience with a 100% online policy subscription and claims submission process on any device. Renters can buy an insurance policy online at cardif.fr or lemonade.com/fr and through the Lemonade app. The insurance policy includes standard coverage such as damage to personal belongings within the insured home and personal liability coverage. The insurance also includes special coverages adapted to the French market and locals' needs: Coverage limits can be adjusted according to policyholders' needs, with a single deductible amount chosen by them to ensure maximum transparency and simplicity. Coverage of personal items that have standalone value under EUR 5,000, and the possibility to select extra coverage for high valuable items. Worldwide coverage of property taken outside the home. Add-on coverage against theft or glass breakage available for those who want extra protection. This partnership comes within the framework of BNP Paribas Cardif's strategic plan, which aims to leverage technology in order to enhance the customer experience, aligned with its core mission of making insurance more accessible.