Stockwinners Market Radar for February 15, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TELL | Hot Stocks20:13 EST Tellurian chairman sells $6.35M in common stock - In a regulatory filing, Tellurian disclosed that its chairman Charif Souki sold 3.93M shares of common stock on February 13th in a total transaction size of $6.35M.
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QNST | Hot Stocks20:12 EST QuinStreet CEO sells $2.54M in common stock - In a regulatory filing, QuinStreet disclosed that its CEO Douglas Valenti sold 150K shares of common stock on February 13th in a total transaction size of $2.54M
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MKFG | Hot Stocks20:06 EST Cathie Wood's ARK Investment bought 29.5K shares of Markforged today
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HLNE | Hot Stocks20:04 EST Hamilton Lane opens office in Shanghai - Hamilton Lane "announced the official opening of its Shanghai, China office, underscoring the firm's commitment to the Asia Pacific region. This marks the firm's sixth location in the region, which includes offices in Hong Kong, Seoul, Singapore, Sydney and Tokyo."
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RIO | Hot Stocks19:02 EST Rio Tinto, Marubeni partner over aluminum supply chains - Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed a first sale under a new strategic Collaboration Agreement to secure a sustainable and reliable supply of Rio Tinto's Responsible Aluminum products to Japanese downstream manufacturers. The first sale is a batch of Rio Tinto's RenewAl high purity aluminum, from the renewably powered New Zealand Aluminum Smelters, to a major Japanese motorcycle manufacturer committed to reducing carbon emissions throughout its supply chains and manufacturing process. "Consumers want to know more about the products they buy and be assured that they have been produced responsibly and sustainably. By working with partners like Marubeni, we can help our downstream customers in the aluminum value chain meet this growing consumer demand, while at the same time advancing our commitment to decarbonise our product value chains."
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VICI | Hot Stocks19:02 EST VICI Properties enters lease agreement with Cherokee Nation on Tunica casino - The company states: "VICI Properties announced that, in connection with the acquisition of the operations of Gold Strike Casino Resort by CNE Gaming Holdings, L.L.C., an indirect subsidiary of Cherokee Nation Businesses, L.L.C., VICI has entered into a triple-net lease agreement with CNB with respect to the real property associated with Gold Strike. Initial total annual rent under the lease is $40.0 million and the lease has an initial term of 25-years with three 10-year tenant renewal options. Rent under the lease will escalate annually by 2.0%, and the tenant's obligations under the lease are guaranteed by CNB, the business holding company owned by Cherokee Nation, based in Oklahoma, the largest Native American tribe in the United States. "
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TSLA | Hot Stocks18:32 EST Musk says Tesla 'happy to support' EV charging network - In a tweet, Tesla CEO Elon musk thanked U.S. President Joe Biden for his comments on building the nation's electric vehicle charging network. "Thank you, Tesla is happy to support other EVs via our Supercharger network," Musk said in response to a tweet from President Biden's official account. Reference Link
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LTRY | Hot Stocks18:19 EST Lottery.com names Mark Gustavson as new CEO - Lottery.Com has "appointed Mark Gustavson as CEO and principal executive officer, effective February 1, 2023. He will also serve as the principal financial/accounting officer of the company until a replacement is found. Gustavson replaced Sohail S. Quraeshi, who is no longer serving as Chief Executive Officer or as a principal executive officer of the company. On January 30, 2023, Edward K. Moffly resigned as interim CFO of the company. Gustavson is not a party to any material plan, contract or arrangement with the company, and there are no arrangements or understandings between Gustavson and any other person pursuant to which they were selected to serve as an officer of the company."
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MS | Hot Stocks18:10 EST Morgan Stanley exec sells $6.96M in common stock - In a regulatory filing, Morgan Stanley disclosed that its Head of Wealth Management, Andrew Saperstein sold 70.8K shares of common stock on February 13th in a total transaction size of $6.96M.
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MS | Hot Stocks18:09 EST Morgan Stanley exec sells $6.96M in common stock - In a regulatory filing, Morgan Stanley disclosed that its Head of Wealth Management, Andrew Spaerstein sold 70.8K shares of common stock on February 13th in a total transaction size of $6.96M.
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CRVL | Hot Stocks18:01 EST CorVel chairman sells $1.38M in common stock - In a regulatory filing, CorVel disclosed that its chairman Gordon Clemons sold 7.5K shares of common stock on February 13th in a total transaction size of $1.38M.
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CWT | Hot Stocks17:45 EST Cal Water receives approval for interim rate increases - California Water Service, a subsidiary of California Water Service Group, has received a ruling in its General Rate Case-pending before the California Public Utilities Commission-that approves modified interim rates effective beginning April 15, 2023. The ruling allows Cal Water to increase rates by 4% in most of its districts, so that the utility can continue to make infrastructure improvements intended to keep its systems safe and reliable. Interim rates are allowed by Administrative Law Judges in California when a final decision is delayed beyond the first day new rates were scheduled to be effective. In Cal Water's 2021 GRC filing, also known as its Infrastructure Improvement Plan, rates would have been effective on Jan. 1, 2023 had the CPUC issued a decision before then; however, that proceeding has been delayed. The ALJ had previously approved an interim rates memorandum account beginning Jan. 1, 2023 without a rate increase. Interim rates, which can reduce the compounded effect of delayed recovery, are subject to refund or adjustment depending on the final rates approved. "We appreciate the ALJ's understanding that inflation impacts Cal Water as well as our customers, and that withholding an interim rate increase could impact customers in the future by requiring higher surcharges on top of anticipated rate increases," said Martin A. Kropelnicki, Group President and CEO. "We are pleased that the CPUC acted to mitigate the impacts from a delayed decision."
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NEPT | Hot Stocks17:37 EST Neptune Wellness files extension request with SEC for its Form 10-Q - Neptune Wellness Solutions announced it will file for an extension with the SEC for an additional five days to file its financial results for the fiscal Q3, originally due February 15. The request is predominantly due to the compressed time period between the delayed filing of its Quarterly Report for the second quarter of Fiscal 2023 and the deadline for the Quarterly Report for the third quarter of FY23. Neptune expects to file its fiscal Q2 financial results and host a conference call to discuss financials and provide a business update as soon as possible. The conference call details will be announced in advance.
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FCPT | Hot Stocks17:35 EST Four Corners Property Trust acquires two Caliber Collision properties for $3.8M - Four Corners Property Trust announced the acquisition of two Caliber Collision properties for $3.8M. The properties are located in highly trafficked corridors in Illinois and are corporate-operated under long-term net leases with seven years of term remaining. The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs.
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FMX | Hot Stocks17:28 EST Femsa board approves new long-range plan to maximize value creation - Fomento Economico Mexicano "announced today that its Board of Directors has approved a new long-range plan to maximize value creation, as well as a series of decisions resulting from its strategic review process. During 2022 FEMSA carried out a thorough strategic review of its business platform, including the bottom-up definition of long-range plans for each business unit, as well as the top-down analysis of the optimal corporate and capital structure, to ensure full alignment between the Board and management as to how to pursue and maximize value creation. Consistent with this vision, FEMSA has determined that the best path to maximize long term value creation is by focusing on its core business verticals which have the highest strategic relevance, growth potential, and financial and competitive strength: 1) Retail, with excellent long-term growth opportunities, comprised of Proximity, Health, and Fuel. 2) Coca-Cola FEMSA, leveraging its leading competitive position and excellent execution, combined with significant financial strength and strategic opportunities. 3) Digital, building a powerful value-added financial ecosystem, while playing a key role in leveraging the connection among FEMSA's core business units. As a result of the review, the Board of Directors of FEMSA has approved a series of actions and divestitures conducive to achieving this strategic focus within the next 24 to 36 months: 1) Divestiture of Heineken investment, subject to market conditions. FEMSA-appointed directors will resign from the Heineken Boards. 2) FEMSA will explore strategic alternatives for Envoy Solutions, FEMSA's other minority investment, and other non-core, non-strategic business units. 3) FEMSA will seek to reduce its existing debt to achieve a target leverage of approximately 2x Net Debt/EBITDA ex-KOF1, maintaining a solid investment grade credit rating."
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EBS | Hot Stocks17:22 EST Emergent announces FDA advisory committees vote in favor of OTC Narcan - Emergent BioSolutions announced the FDA Nonprescription Drugs Advisory Committee and the Anesthetic and Analgesic Drug Products Advisory Committee have unanimously voted in favor that the benefit-risk profile of Narcan Nasal Spray is supportive of its use as a nonprescription opioid overdose reversal agent. Emergent presented an overview of its over-the-counter, or OTC, development program, the medical need, Human Factors study data and seven years of post-marketing safety data. The FDA is not bound by the committees' guidance but will take its advice into consideration.
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NTR | Hot Stocks17:21 EST Nutrien CEO expects 'global supply issues to persist' in 2023 - "Geopolitical events caused an unprecedented level of supply disruption and market volatility across agriculture, energy and fertilizer markets in 2022. Nutrien delivered record net earnings and cash flow in this environment due to the advantages of our world-class production, distribution and retail network. We returned $5.6 billion to shareholders, invested in our global Retail network and advanced a number of long-term strategic initiatives that position our company for future growth and sustainability," commented Ken Seitz, Nutrien's President and CEO. "The outlook for our business is strong as we expect global supply issues to persist and demand for crop inputs to increase in 2023. We remain disciplined in our capital allocation approach as we position the company to best serve the needs of our customers, while delivering meaningful returns for our shareholders," added Seitz.
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RGLD | Hot Stocks17:10 EST Royal Gold sees Q1 stream segment sales 54K-59K GEOs - Royal Gold expects stream segment sales of 54,000 to 59,000 GEOs for the quarter ended March 31, 2023, and expects to issue guidance for 2023 GEO sales, depreciation, depletion and amortization expense, and effective tax rate early in the second quarter of 2023.
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NOA | Hot Stocks17:09 EST North American Construction raises quarterly dividend to C$0.10 per share - Payable to common shareholders of record at the close of business on March 3. The Dividend will be paid on April 7.
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' | Hot Stocks17:09 EST Ampco-Pittsburgh subsidiary to increase base prices 10%-15% - Ampco-Pittsburgh announced that its subsidiary, Union Electric Steel Corporation will raise base prices 10%-15% on all forged and cast roll products that it and its subsidiaries produce globally. This increase is effective on all new quotations and new orders. Material and energy surcharges will remain in effect. The price adjustments are driven by continued inflationary cost increases in all areas of our business that are not captured by a surcharge.
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KGC | Hot Stocks17:08 EST Kinross Gold sees FY23 production 2.1M million Au eq. oz., +/- 5% - In 2023, Kinross expects to produce 2.1M Au eq. oz., +/- 5%, which is an increase of approximately 140,000 Au eq. oz. compared with 2022 production. Kinross' annual production is expected to remain stable in 2024 and 2025 at 2.1 million and 2.0 million attributable1 Au eq. oz., +/- 5%, respectively. Production is forecasted to be lower in the Q1 compared with the rest of the year, mainly as a result of the current shutdown at Tasiast related to the 24k project, the on-going ramp-up including planned mill shutdown at La Coipa, and the seasonal impacts on mining at Paracatu and on the Company's US heap leach operations. Production cost of sales is expected to be $970 per Au eq. oz., +/- 5%, for 2023. In 2022, production cost of sales was $937 per Au eq. oz. The moderate year-over-year increase is mainly due to inflationary impacts, including higher costs for labour and consumables. The Company expects its all-in sustaining cost to be $1,320 per Au eq. oz., +/- 5%, for 2023. In 2022, all-in sustaining cost3 was $1,271 per Au eq. oz. sold. Sees FY23 capEx $1.0B, +/- 5%. The capital expenditures guidance is higher than the prior year mainly due to carryover of capital stripping from 2022 into 2023 across the portfolio, and the advancement of the Manh Choh project and project studies at Great Bear. Kinross' attributable capital expenditures outlook for 2024 and 2025 is $850M-$700M, respectively, based on currently approved projects. As Kinross continues to develop and optimize its portfolio for production beyond 2025, other projects may be incorporated into its capital expenditures, as well as potential inflationary impacts, over the 2023-2024 timeframe. The 2023 forecast for exploration is $150M, +/- 5%, of which approximately $5M is expected to be capitalized, and is a $10M increase from last year's revised guidance. The exploration program will follow up on 2022's exploration success, and will focus on Great Bear, developing the Phase X exploration drift at Round Mountain, and underground exploration at Curlew Basin. The 2023 forecast for overhead is $135M, +/- 5%, which is in line with the 2022 results, and approximately $25M less than the Company's previous year guidance primarily as a result of adjustments to Kinross' regional head office presence to align with its Americas-focused portfolio following the divestitures in 2022.
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NOA | Hot Stocks17:08 EST North American Construction raises annual dividend 25% to C$0.40 from C$0.32
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WNS | Hot Stocks17:06 EST WNS Holdings Chief Operating Officer Gautam Barai to step down - The company states: "WNS Limited announced that Mr. Gautam Barai has decided to step down as the company's Chief Operating Officer effective May 15, 2023 to pursue other interests. Over the next three months, Gautam will help ensure a seamless transition to the company's new organizational structure, which will become effective April 1, 2023. The new structure will feature four "Strategic Business Units", each headed by a Chief Business Officer, and will eliminate the current COO role. The four SBUs will combine the company's eight current verticals into logical groups while maintaining each vertical as an independent business unit and continuing to report their quarterly revenue contribution."
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NTR | Hot Stocks17:02 EST Nutrien raises quarterly dividend by 10% to 53c per share - The dividend is payable on April 13, 2023, to shareholders of record on March 31, 2023.
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OII | Hot Stocks17:02 EST Oceaneering's OMR business awarded significant contracts - Oceaneering International announces that its Oceaneering Mobile Robotics business has been awarded contracts by a leading international manufacturer for the delivery of 85 MaxMover CB D 2000 autonomous counterbalance forklifts to three of their manufacturing facilities. The forklift systems are scheduled for staggered delivery between early 2023 and early 2024. The scope of the contracts includes installation, on-site systems-integration services and training, as well as 24/7 hotline support and remote software services.
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MFC | Hot Stocks17:02 EST Manulife raises quarterly dividend 11% to 36.5c per share - Manulife's board of directors announced an increase of 11% or 3.5c per share to its quarterly common shareholders' dividend resulting in a dividend of 36.5c per share on the common shares of Manulife, payable on and after March 20, 2023, to shareholders of record at the close of business on February 28, 2023.
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SAM | Hot Stocks16:58 EST Boston Beer falls 11% to $349.77 after FY23 EPS guidance misses estimates
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AZRE | Hot Stocks16:52 EST Azure Power receives extension from NYSE to file FY22 annual report - Azure Power Global announced that it received a letter from the NYSE on February 14, notifying that the NYSE's Listings Operations Committee agreed to provide the Company with an additional trading period through July 15, subject to reassessment on an ongoing basis, to complete and file the Company's annual report on Form 20-F for the fiscal year ended March 31, 2022 with the SEC and any subsequent delayed filings pursuant to the NYSE's late filer rules outlined in Section 802.01E of the NYSE Listed Company Manual. The Company has been in ongoing cooperation and correspondence with the NYSE on the late filing issue. The NYSE notified the Company that it will closely monitor the Company's progress with the milestones and timing submitted to the NYSE. Failure to achieve these interim milestones could result in accelerated trading suspension prior to the end of the July 15 trading period.
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EQT | Hot Stocks16:47 EST EQT Corporation sees Q1 total sales volume 425Bcfe-475Bcfe
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MRO | Hot Stocks16:47 EST Marathon Oil sees FY23 CapEx $1.9B-$2B - Marathon Oil announced a $1.9B-$2B capital expenditure budget for 2023, fully consistent with the company's disciplined capital allocation framework that prioritizes corporate returns and FCF generation. The 2023 program is expected to deliver $2.6B of adjusted FCF at a reinvestment rate of approximately 40%, assuming $80/bbl WTI, $3.00/MMBtu Henry Hub, and $20/MMBtu TTF. Marathon Oil expects to deliver maintenance-level total Company oil production of 190,000 net bopd at the midpoint of its 2023 guidance range. Total Company oil-equivalent production is expected to be 395,000 net boed at the midpoint of guidance, inclusive of downtime associated with a planned second quarter E.G. turnaround. During 2023, Marathon Oil plans to average approximately nine rigs and three to four frac crews, excluding joint venture-related activity. The company expects to run approximately four rigs and two frac crews in the Eagle Ford, including on its newly acquired acreage from Ensign. Marathon Oil has not assumed any U.S. cash federal income tax payments in its 2023 financial guidance.
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EQT | Hot Stocks16:46 EST EQT Corporation sees FY23 total sales volume 1,900Bcfe-2,000Bcfe - Sees FY23 capital expenditures, excluding noncontrolling interests, to total $1.700B-$1.900B2023, including $1.400B-$1.535B planned for reserve development. Included in the 2023 capital expenditures budget is greater than $100M of capital associated with delayed 2022 wells which are now expected to be TIL in 2023. During 2023, the Company plans to TIL 110 - 150 net wells, including 17 - 24 net wells expected to be TIL in the first quarter of 2023. Inclusive of the Company's advantaged hedge position, the Company estimates a 2023 NYMEX Henry Hub free cash flow breakeven price of approximately $1.65 per MMBtu. All guidance items exclude the impact of the pending Acquisition.
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CNK | Hot Stocks16:46 EST Cinemark founder Lee Roy Mitchell to retire from board - Cinemark Holdings "announced that founder Lee Roy Mitchell, 85, stepped down from the Company's Board of Directors following a highly influential tenure spanning nearly 40 years. Lee Roy served on the Board since its inception and transitioned from Executive Chairman to member of the Board in 2022. Lee Roy and his wife, Tandy, founded Cinemark in 1984 and grew it to a global company with nearly 6,000 screens across 16 countries. Lee Roy served as Cinemark's CEO until 2006 and then transitioned to Executive Chairman, a position he held until 2022."
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LMNL | Hot Stocks16:43 EST Liminal BioSciences regains Nasdaq compliance - Liminal BioSciences announced that it has received written notice from The Nasdaq Stock Market that the company has regained compliance with Nasdaq's minimum bid price for continued listing on the Nasdaq Capital Market. The notice indicated that, as a result of the closing bid price of the company's common stock having been $1.00 per share or greater for at least ten consecutive business days, from February 1, 2023 through February 14, 2023, the xompany has regained compliance with Nasdaq Listing Rule 5450(a)(1).
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NEM NCMGY | Hot Stocks16:42 EST Newcrest Mining rejects acquisition bid by Newmont - Newcrest Mining (NCMGY) states: "Further to the ASX announcement dated 6 February 2023, the Newcrest Board provides the following update on its review of the conditional, non-binding and indicative proposal received from Newmont Corporation (NEM) on 5 February 2023. Under the Indicative Proposal, Newmont would acquire 100% of the issued shares of Newcrest by way of a scheme of arrangement, for 0.380 Newmont shares for each Newcrest share held. The Board has considered the Indicative Proposal and has unanimously determined to reject the offer as it does not represent sufficient value for Newcrest shareholders." Reference Link
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HUN | Hot Stocks16:40 EST Huntsman receives regulatory approval to close sale of Textile Effects division - Huntsman announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28. The agreed purchase price was $593M in cash plus assumed pension liabilities, and Huntsman expects the net after tax cash proceeds to be approximately $540M before customary post-closing adjustments.
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WELL | Hot Stocks16:38 EST Welltower, Retirement Unlimited announce partnership - Welltower and Retirement Unlimited announced a robust programmatic partnership in the senior living space. The partnership began when RUI assumed management of the former Fountains at Washington House in Alexandria, Va., on November 15, 2022. With the management change, RUI also unveiled the community's new name - Elance at Alexandria, which represents the first installment in RUI's new luxury brand of Elance communities. The management change is part of a new partnership between RUI and Welltower, a real estate investment trust focused on data-driven and relationship-based investing. Welltower maintains a distinguished history of establishing long-term partnerships with leading seniors housing operators to enable further growth, innovation, and continuously improving care levels. A significant expansion in the programmatic relationship between Welltower and RUI is expected in the coming months and years through a robust pipeline of acquisition, transition, and development opportunities. The partnership is expected to grow to over 20 communities in the near term spanning multiple states throughout the East Coast.
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SPWR | Hot Stocks16:37 EST SunPower sees FY23 adjusted EBITDA $125M-$155M - "We will continue to invest in the business in 2023 to ensure SunPower remains at the forefront of home electrification while expanding access to solar so more Americans can realize its benefits," said Faricy. "Among our many advancements this year, we plan to launch a bi-directional charging product through our collaboration with GM and introduce more of their customers to solar; roll out our work with OhmConnect as well as add more Virtual Power Plant (VPP) offerings that enable customers to save more money while helping improve grid stability; expand our multifamily footprint; make more enhancements to SunVault storage; and elevate the digital experience to make it easier than ever to switch to solar."
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NUS | Hot Stocks16:36 EST Nu Skin raises quarterly dividend to 39c per share - To be paid on March 8 to shareholders of record on Feb. 27.
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HST | Hot Stocks16:36 EST Host Hotels provides RevPAR outlook for next three quarters - The company said, "Current macroeconomic headwinds and concerns surrounding the potential for an economic slowdown are competing with a lodging recovery. Further improvement in operations will be dependent on the ability to maintain high-rated business in resort markets, as well as the continued improvement of group, business transient and international inbound travel. There is significant uncertainty related to broader macroeconomic trends in the second half of 2023, which is reflected in the wider range included in the guidance provided below. The full year forecast is bolstered by first quarter RevPAR growth which is anticipated to be between 24% and 27%, as a result of benefiting from easier comparisons due to the impact of the Omicron variant on first quarter 2022 operations. For the remaining three quarters, the Company expects year-over-year RevPAR percentage changes to be: Down low-single digits at the low end of the guidance range; to Up low-single digits at the high end of the range. Additionally, margins are expected to decline in comparison to 2022 driven by wage inflation, closer to stable staffing levels, higher insurance and utility expenses, lower attrition and cancelation fees, and occupancy below 2019 levels."
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WH | Hot Stocks16:34 EST Wyndham Hotels & Resorts raises quarterly dividend to 35c per share - Beginning with the dividend expected to be declared in first quarter 2023.
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GVA | Hot Stocks16:34 EST Granite selected by FHWA for Polychrome Area Improvements project - Granite has been selected by the Federal Highway Administration (FHWA) as Construction Manager/General Contractor (CM/GC) for the Polychrome Area Improvements project inside Denali National Park in Alaska. The CM/GC delivery method, which engages the contractor early in the design process for constructability input, provides more opportunity for innovation and efficiency than traditional delivery methods. Preconstruction started in January 2023 and will be complete in just 5 months. Construction work is expected to begin in the spring of 2023 and to be completed by May 2025. The total contract value is in the range of $100 million. The Pretty Rocks Landslide intersects Denali Park Road near its midpoint at Mile 45.4, rendering the remaining 47 miles of roadway impassable for the past two tourist seasons. Geological monitoring data indicates that the debris flow's rate of movement has increased dramatically in recent years, at times moving up to 12 inches per day. Current maintenance efforts are no longer sustainable in the face of the continued and accelerating movement.
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HST | Hot Stocks16:34 EST Host Hotels provides update on Hurricane Ian damage - The company said, "As previously discussed, Hurricane Ian caused significant damage at The Ritz-Carlton, Naples and Hyatt Regency Coconut Point Resort and Spa. The Hyatt Regency Coconut Point remained open to first responders and reopened to guests on November 7, 2022, as part of a phased reopening. The pool facilities reopening is currently in progress and targeted for completion by June 2023. The Ritz-Carlton, Naples remains closed, and the Company is targeting a phased reopening strategy beginning in summer 2023. The Company is still evaluating the complete property and business interruption impacts of the storm, but currently estimates the total property damage and remediation costs resulting from the storm to be approximately $200 million to $220 million, across all of the affected Florida properties. The Company is insured for $325 million per named windstorm, with a $15 million deductible, resulting in potential insurance recovery of approximately $310 million for covered costs. Provided planned reopening dates can be maintained, the Company believes this coverage should be sufficient to cover substantially all of the property remediation and reconstruction costs and the near-term loss of business. However, it is possible that the insurance coverage may not be sufficient to cover the entirety of the business interruption caused by the storm. As of February 15, 2023, the Company has received approximately $50 million of insurance proceeds related to these claims. The Company estimates that Hurricane Ian negatively impacted its full year revenues by approximately $39 million, of which $33 million was in the fourth quarter, All Owned Hotel RevPAR by 60 basis points, with a 220 basis points impact in the fourth quarter, and net income and Adjusted EBITDAre by $18 million, of which $15 million was in the fourth quarter. The impact also reduced full year operating profit margin under GAAP by an estimated 20 basis points, with an 80 basis points impact in the fourth quarter, and All Owned Hotel EBITDA margin by 10 basis points, with a 40 basis points impact in the fourth quarter."
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MPW | Hot Stocks16:33 EST Medical Properties Trust to lease Utah hospital portfolio to CHIC - Medical Properties Trust announced that it has agreed to lease its entire Utah hospital portfolio to Catholic Health Initiatives Colorado, a wholly owned subsidiary of CommonSpirit Health, subsequent to CHIC's pending acquisition of the Utah hospital business currently operated by Steward Health Care System. Centura Health will manage the facilities for CHIC. The expected transaction will further MPT's long-term efforts to improve portfolio diversification by property type, geography and, in this case, operator. The Company's investment in its Utah real estate represents approximately 6% of its total gross assets, and Steward's concentration will decline by this amount. Accordingly, CommonSpirit, recognized as one of the country's largest and most respected not-for-profit healthcare providers, will become one of MPT's largest tenants. Cash rental payments during the 15-year initial lease term are to begin at roughly 7.8% of MPT's gross investment and increase by 3.0% annually. The overall cash flow profile of the lease is particularly attractive given the tenant's strong investment grade credit. The lessee will have the option to purchase the facilities at the higher of fair market value or MPT's gross investment at 5, 10 and 15 years. The purchase price of CHIC's acquisition of operations from Steward was not disclosed by the parties, but Steward expects to use the proceeds to reduce debt, including early prepayment of loans extended by MPT in the second quarter of 2022, and other liabilities.
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ZEUS | Hot Stocks16:33 EST Olympic Steel raises quarterly dividend to 12.5c per share from 9c - The dividend is payable on March 15, 2023, to shareholders of record on March 1, 2023.
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CAAP | Hot Stocks16:32 EST Corporacion America Airport reports January passenger traffic up 42.7% y/y - Corporacion America Airports reported a 42.7% YoY increase in passenger traffic in January 2023, reaching 89.9% of January 2019 levels. Total passenger traffic grew 42.7% compared to the same month of 2022, supported by an ongoing recovery in travel demand after the Covid-19 pandemic, as reflected by higher load factors and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 89.9% of January 2019 levels, up from the 87.2% posted in December, with international and domestic passenger traffic reaching 89.8% and 90.8% of January 2019 levels, respectively.
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RDN | Hot Stocks16:31 EST Radian Group raises quarterly dividend 12.5% to 22.5c per share - Radian Group announced its plans to continue the return of capital to stockholders through an increased quarterly dividend. The company's Board of Directors approved a quarterly dividend of 22.5c per share, an increase of 12.5% from the previous quarterly dividend. The dividend is payable on March 15, 2023 to stockholders of record as of February 27, 2023. This is the fourth consecutive year the company has increased the quarterly dividend, with a total increase of 80% over the past three years. Chief Executive Officer Rick Thornberry commented, "I am pleased that Radian's financial strength and flexibility support this increase to our dividend and the continued return of capital to stockholders, while also positioning us to support our customers and future business growth."
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Z ZG | Hot Stocks16:30 EST Zillow Group: 'Things continue to be foggy' - In its shareholder letter, Zillow said: "Things continue to be foggy, and we can't control what the housing market does. What we can control is how we operate our business. Similar to many times in our history, including 2022, we are closely monitoring the situation and will be prudent in how we invest through this period." The company added: "We expect a modest increase in total operating expenses and cost of revenue from Q4 to Q1."
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CSCO | Hot Stocks16:27 EST Cisco jumps 8% to $52.13 after Q2 earnings beat and FY23 guidance raise
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AR | Hot Stocks16:26 EST Antero Resources sees 2023 net production to average 3.25 to 3.3 Bcfe/d - Antero's 2023 drilling and completion capital budget is $875M-$925M. The budget reflects approximately 10% year over year service cost inflation. Net production is expected to average between 3.25 and 3.3 Bcfe/d during 2023. "Land capital guidance is $150 million as Antero continues to focus on its organic leasing program that extends the company's premium drilling locations in the Marcellus liquids-rich fairway. Antero expects approximately 50% of the 2023 land budget to be utilized in the first quarter of 2023. In 2022, Antero added approximately 80 drilling locations in the core of the Appalachia liquids area at an average cost of under $1 million per location, more than offsetting Antero's maintenance capital plan that assumes an average of 60 to 65 net wells per year. Within the 2023 land budget, approximately $50 million is required for maintenance capital purposes, and approximately $100 million is targeted for incremental drilling locations and for mineral acquisitions to increase its net revenue interest in future drilling locations. The company believes this organic leasing program is the most cost efficient approach to lengthening its core inventory position," Antero said. Michael Kennedy, CFO of Antero Resources said, "In 2023, we plan to continue to focus on reducing debt and returning capital to our shareholders. Our aggressive focus on debt reduction will allow us to maintain low leverage throughout various commodity cycles, while still returning Free Cash Flow to our shareholders. In 2023, we anticipate a return of capital program of approximately 50% of our Free Cash Flow."
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ROKU | Hot Stocks16:25 EST Roku jumps 12% to $71.00 after Q4 results and guidance
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QS | Hot Stocks16:23 EST QuantumScape sees FY23 CapEx $100M-$150M - "For the full-year 2023, we expect capital expenditures to be between $100M and $150M and cash operating expenses between $225M and $275M," the company said. "This guidance reflects our efforts to preserve our commercialization goals while conserving cash and extending our runway given the macroeconomic environment, primarily by optimizing non-personnel resources (e.g., reduction in services, materials, utilities) as well as rebalancing personnel. We've also identified capex savings from strategic decisions around equipment and facilities. We plan to allocate our 2023 capex toward the continued buildout of our consolidated QS-0 pre-production line, including increased levels of automation and equipment for our new fast separator production process. As a result of these cost-saving initiatives, we believe our cash runway now extends into the second half of 2025, an increase from our prior communication of through the end of 2024. Historically, we've focused on maintaining a strong balance sheet, and we intend to continue this by identifying new opportunities to reduce spending and by being strategic about opportunities to raise capital to further extend our cash runway."
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DINO | Hot Stocks16:23 EST HF Sinclair names Tim Go as new CREO - HF Sinclair "announced the promotion of Tim Go to the position of Chief Executive Officer and President of HF Sinclair, effective May 9, 2023. In addition, effective February 16, 2023, the Board of Directors of HF Sinclair increased the size of the Board by one to thirteen, appointed Mr. Go as a non-independent director to the Board and appointed Mr. Go to serve on the Executive Committee of the Board. Mr. Go succeeds Michael C. Jennings, who currently serves as the Chief Executive Officer of HF Sinclair and will continue serving in that role through May 8, 2023. In order to facilitate an orderly transition of the Chief Executive Officer duties from Mr. Jennings to Mr. Go, on February 15, 2023, HF Sinclair announced that Mr. Jennings was appointed to the position of Executive Vice President, Corporate of HF Sinclair, effective May 9, 2023, and is expected to serve in that role through his currently planned retirement date of November 9, 2023."
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CFMS | Hot Stocks16:22 EST Conformis, Bodycad enter settlement and license agreement - Conformis along with Bodycad Laboratories and Bodycad USA announced that they have entered into a settlement and license agreement that resolves the patent infringement dispute filed by Conformis in June of 2021. The companies have agreed to an undisclosed amount for the dismissal of all patent litigation between the companies along with a release and license to certain Conformis patents related to patient-specific instrumentation and knee implants.
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CXM | Hot Stocks16:21 EST Sprinklr names Jacob Scott as General Counsel - Sprinklr "announced that Jacob Scott has been appointed general counsel and corporate secretary, reporting directly to Founder and CEO Ragy Thomas, effective March 16, 2023. Dan Haley, Sprinklr general counsel and corporate secretary since 2019, is moving on to a new opportunity after March 15, 2023."
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AIG | Hot Stocks16:19 EST AIG CEO says improving profitability in General Insurance - CEO Peter Zaffino says: "2022 was an extraordinary year of progress for AIG. We continued to improve the profitability of our General Insurance business, closing the year with the strongest underwriting results the business has ever achieved and with the second consecutive year of underwriting profitability improving by $1 billion. In addition, we made considerable progress on the separation of our Life and Retirement business and completed the initial public offering of Corebridge Financial in September 2022. We reached significant milestones on AIG 200 that modernized our technology infrastructure and operational capabilities, while executing on our target run-rate savings of $1 billion six months ahead of schedule. We revamped AIG's investment management strategy through strategic partnerships with Blackstone and BlackRock and have transferred approximately $50 billion and $150 billion of assets, respectively, to these partners. Improvement in General Insurance continued through portfolio optimization, prudent risk selection and limit reduction of over $1.2 trillion since 2018. The full-year 2022 combined ratio of 91.9% represents a 390-basis point year-over-year improvement. The accident year combined ratio, x-CAT of 88.7% improved 230 basis points from prior year, marking the fulfillment of our full-year sub-90 goal and was sub-90 in every quarter of 2022. Our strong momentum continued through the complex January reinsurance renewal season, where the quality of our portfolio enabled us to secure treaties on favorable terms in a very challenging market."
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AMED | Hot Stocks16:18 EST Amedisys partners with BlueCross BlueShield of Tennessee - Amedisys announced a new agreement with BlueCross BlueShield of Tennessee to provide members in Middle Tennessee with palliative care in the comfort of their homes. With this program, BlueCross BlueShield of Tennessee's members can receive palliative care in-person or via telehealth from Amedisys' clinicians including doctors, nurse practitioners and nurses at no additional cost.
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AMED | Hot Stocks16:17 EST Amedisys divests personal care division - Amedisys announces that it has signed a definitive agreement to divest its personal care division to HouseWorks, LLC, a provider of personal care services in Massachusetts, New Hampshire, Maine and Pennsylvania. The transaction is expected to close in Q2 of 2023.
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CSCO | Hot Stocks16:14 EST Cisco raises dividend 3% to 39c per share - To be paid on April 26 to all stockholders of record as of the close of business on April 5.
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HCC | Hot Stocks16:13 EST Warrior Met Coal sees 2023 coal production 6.3M- 6.9M short tons - Sees 2023 capital expenditures for sustaining existing mines $95M-$105M.
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AXLA | Hot Stocks16:13 EST Axcella announces FDA clears IND application for AXA1125 trial - Axcella Therapeutics announced its Investigational New Drug application to initiate a phase 2b/3 trial in the U.S. for AXA1125 in the treatment of Long COVID Fatigue has been cleared by the U.S. Food and Drug Administration. The company reported that it had received regulatory guidance from the FDA, supporting a trial that is designed to serve as the registration trial for patients with Long COVID Fatigue. The study design now has acceptance from both the U.S. and U.K. regulatory authorities. Last month, the company announced a regulatory path to registration of AXA1125 in the treatment of Long COVID Fatigue, and that it had received regulatory guidance from The Medicines and Healthcare products Regulatory Agency, the U.K.'s regulatory agency, supporting a single trial that could serve as the registration trial for patients with Long COVID Fatigue. The guidance from the FDA and the MHRA follows the company's submission of materials to both regulatory agencies including results from the Phase 2a randomized, double-blind, placebo-controlled investigation to evaluate the efficacy and safety of AXA1125 in patients with fatigue related to Long COVID. The study found that subjects who received AXA1125 experienced clinically and statistically significant improvement in mental and physical fatigue scores compared to placebo subjects. Consistent with the Ph2a trial, the Ph2b/3 trial will enroll participants who have had fatigue for at least 12 weeks after COVID-19 infection. The primary endpoint will utilize the same patient reported outcome tool, the Chalder Fatigue Questionnaire, to measure improvements in fatigue. Additional endpoints will evaluate improvements in physical function, quality of life, and ability to return to work. Participants will receive either placebo or AXA1125 for three months.
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RUSHA | Hot Stocks16:12 EST Rush Enterprises sees 'strong' truck sales through at least 1H23 - "As we look ahead to 2023, new Class 8 truck production has not yet caught up to demand, and we are still working within the confines of truck allocation. That said, production is normalizing, and we are optimistic that the production from manufacturers we represent will be adequate to meet customer demand by the end of 2023. Our backlog remains strong, and we expect truck sales to remain strong through at least the first half of 2023," management noted.
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EQIX | Hot Stocks16:11 EST Equinix increases dividend 10% to $3.41 - Equinix announced that its board of directors has declared a quarterly cash dividend of $3.41 per share on its common stock, a 10% increase over the previous quarter. The quarterly common stock dividend will be paid on March 22 to shareholders of record on March 7.
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AMPL | Hot Stocks16:10 EST Amplitude names Christopher Harms as new CFO - The company states: "Following its Q4 earnings report today, Amplitude has appointed former Forescout executive Christopher Harms as the company's next CFO. The news comes as current CFO Hoang Vuong plans to transition from the company. Vuong will remain at Amplitude in the interim to ensure a seamless handover."
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HOOD | Hot Stocks16:10 EST Robinhood reports January assets under custody $74.7B - The company said, "Net Cumulative Funded Accounts (NCFA) at the end of January were 23.0 million, up approximately 60 thousand from December 2022(1). Monthly Active Users (MAU) at the end of January were 12.0 million, up 600 thousand from December 2022. Notional Trading Volumes - which are the primary driver of transaction revenues - were higher in January for equities, options, and crypto from December 2022. Equities were $46.0 billion (up 19%), Option contracts were 82.9 million (up 10%), and Cryptocurrencies were $3.7 billion (up 95%). Margin Balances at the end of January were $3.0 billion, down $0.1 billion from the end of December 2022. Cash Sweep Balances at the end of January were $7.1 billion, up $1.3 billion from the end of December 2022. Of the $7.1 billion, $6.0 billion were in Gold accounts, which were up $1.2 billion from the end of December 2022."
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TEAM | Hot Stocks16:09 EST Atlassian names Anutthara Bharadwaj president - Atlassian Corporation announced the promotion of Anutthara Bharadwaj to President. In her new role, Ms. Bharadwaj will lead and support the newly unified "Markets and Transformations" organization. With a focus on accelerating product innovation and driving enterprise adoption, her remit with the new structure brings the design, product, and engineering teams closer together than ever before to execute with more focus, efficiency, and speed. "Atlassian has always been long-term focused. Despite the current macroeconomic environment, we're bullish on embracing our largest growth opportunities," said Ms. Bharadwaj, President, Atlassian. "And that starts with uniting our products cohesively. Being focused and disciplined in this environment means we can remain nimble while executing with efficiency, emerging stronger than ever."
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AMPL | Hot Stocks16:09 EST Amplitude names Christopher Harms as next CFO - Amplitude has appointed former Forescout executive Christopher "Criss" Harms as the company's next CFO. The news comes as current CFO Hoang Vuong plans to transition from the company. Vuong will remain at Amplitude in the interim to ensure a seamless handover. "As we enter our next stage of growth, I believe Criss is the perfect successor. He has a strong track record as a public company CFO, and I respect how he navigated Forescout's maturity journey after it entered the public markets. I look forward to working closely with him as we continue on our mission to help companies build amazing products, drive growth, and win their categories."
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TWLO | Hot Stocks16:07 EST Twilio board authorizes $1B share repurchase program - Twilio announced that its Board of Directors has authorized a share repurchase program of up to $1.0 billion of Twilio's outstanding Class A common stock. Under the program, Twilio may purchase shares from time to time through open market transactions, privately negotiated transactions, and other means in compliance with applicable securities laws, including through Rule 10b5-1 plans. The program is set to expire on December 31, 2024.
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ROKU | Hot Stocks16:07 EST Roku reports 2022 active accounts at 70.0M vs. 60.1M in 2021 - Reports 2022 Streaming Hours up by 14.3 billion hours y/y to 87.4 billion and Average Revenue Per User grew to $41.68, up 2% y/y
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LFAC | Hot Stocks15:00 EST LF Capital Acquisition II Corp trading resumes
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LFAC | Hot Stocks14:56 EST LF Capital Acquisition II announces LOI for business combination - LF Capital Acquisition Corp. II announced that it has entered into a letter of intent, or "LOI," with a "target company" for a potential initial business combination. "The LOI is non-binding with respect to all its material terms, except with respect to provisions regarding a limited period of exclusivity. The Target Company is a US-based manufacturer in the packaging industry with industry-leading profitability serving diversified end markets and with an established and highly attractive, blue-chip customer base that are subject to multi-year contracts. Under the terms of the LOI, LF II and the Target Company intend to enter into a definitive agreement pursuant to which LF II and the Target Company would combine, with the former equityholders of both entities following the completion of the Business Combination holding equity in the combined publicly listed company. The completion of the Business Combination is subject to the completion of due diligence to LF II's satisfaction, the negotiation and execution of definitive documentation and satisfaction of the conditions contained therein, including (i) securing certain concurrent financing, (ii) completion of any required stock exchange and regulatory reviews and (iii) approval of the transaction by LF II's stockholders and the Target Company's stockholders. Accordingly, no assurances can be made by either party that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all," the company stated.
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SIEGY | Hot Stocks14:27 EST Siemens plans to build turbine nacelles in in upstate New York - Siemens Gamesa announced its intention to build a major offshore nacelle manufacturing facility in New York state, subject to the company's wind turbines being selected by the New York authorities in their third offshore wind solicitation. The planned facility will be located at the Port of Coeymans. It would create up to approximately 420 direct jobs, support a significant rise in indirect jobs, and represent an investment of around $500M in the region.Siemens Gamesa is also committing to localizing several new component supplier facilities, including steel component fabrication, bearings, and composite components, demonstrating the further development of a sustainable local supply chain ecosystem. This could help double the number of jobs created by the facility. New York expects to procure a minimum of 2 GW of offshore wind energy, and up to 4.7 GW in this third round of procurement to achieve a total of 9 GW of offshore wind energy. This is a significant part of the United States' target to realize 30 GW of offshore wind power by 2030...The planned New York offshore wind turbine nacelle facility further solidifies Siemens Gamesa's commitment and strategic plans for manufacturing and job creation in the United States. It is part of the company's integrated plan to localize its offshore wind power supply chain on the U.S. East Coast and also builds upon Siemens Gamesa's planned offshore wind turbine blade finishing facility in Portsmouth, Virginia as announced in October 2021. Reference Link
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LFAC | Hot Stocks14:08 EST LF Capital Acquisition II Corp trading halted, news pending
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R | Hot Stocks13:56 EST Ryder announces new 2M share discretionary repurchase program - Ryder System announces its Board of Directors has authorized a new discretionary share repurchase program. Under the new program, Ryder management is authorized to repurchase up to 2M shares of common stock, at its discretion, from February 10 through February 10. This program is designed to provide management with capital structure flexibility while concurrently managing objectives related to target balance sheet leverage, acquisition opportunities, and shareholder returns.
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HPQ INTC | Hot Stocks13:50 EST HP announces Z by HP workstation desktop lineup - HP Inc. (HPQ) announced its new Z by HP high-performance workstation desktop lineup. HP said it is advancing hybrid workforce management with the HP Anyware Remote System Controller, a device that gives IT departments the management capabilities to support high performance devices from anywhere. The complex workflows in industries spanning media and entertainment, data science, and engineering mean increased time pressure and the need for more compute power to deliver faster results. They also highlight a need to iterate with remote teams and push creative boundaries to deliver more accurate results. The new Z by HP Z4, Z6, Z8, and Z8 Fury desktops, powered by Intel (INTC), deliver the scalable balance of CPU and GPU compute needed to fuel new levels of speed, accuracy, and creativity. "Z by HP is dedicated to delivering the best possible computing experience to fuel new levels of speed, accuracy, and creativity," said Jim Nottingham, Vice President and General Manager, Z by HP. "HP's design engineering, together with the power of Intel and NVIDIA, provide the performance, scalability, and security our customers require to meet their evolving needs."
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SNAP TIF | Hot Stocks13:47 EST Snap announces Ray Tracing available in Lens Studio to developers - "Snapchatters (SNAP) love using augmented reality to try on products from beloved fashion brands, making the shopping experience personal, accessible, and fun. Today, we're excited to announce Ray Tracing which is now available in Lens Studio to developers around the world. Ray Tracing is a technical capability that enhances the realism of augmented reality experiences by reflecting light on digital objects. Now, Lenses that feature AR diamond jewelry, clothing and so much more can reach ultra-realistic quality. Tiffany & Co is the first brand to leverage Ray Tracing on Snapchat with their new Tiffany Lock Lens. This Lens allows you to try-on Tiffany Lock bracelets using AR, and when you're ready, purchase without leaving the app. The Lens is available globally to Snapchatters on iOS and Android," said the company in an earlier blog posting. Reference Link
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DIST | Hot Stocks13:40 EST Distoken Acquisition opens at $10.20, IPO priced at $10 per unit - Distoken Acquisition is offering 6M units priced at $10 per unit. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant, exercisable at $11.50. The blank check company plans to target businesses in the tech industry with primary operations in Asia and enterprise values between $100M-$200M, but will not pursue a combination with any target business utilizing a VIE structure. Distoken Acquisition is listing on the Nasdaq under the symbol "DISTU." I-Bankers Securities is the sole bookrunner for the offering.
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QCOM | Hot Stocks13:35 EST Qualcomm unveils Snapdragon X75 5G modem-RF to optimize 5G potential - Earlier on its OnQBlog, Qualcomm said partly: "...we're excited to make more possible in the next evolution for original equipment manufacturers and operators across mobile, compute, fixed wireless access, industrial internet of things, robotics, automotive, 5G private networks, and beyond...our new Snapdragon X75 5G Modem-RF System can be the strategic lever you'll want. Reflecting just one of the many ways we're making good on our ongoing commitment to optimizing the full potential of 5G, the Snapdragon X75 drives future solutions to future end-user problems. And with our debut of at least 10 world firsts, the Snapdragon X75 rises above and beyond - packed with breakthrough innovations for your go-to-market strategies, including: The first modem-RF system ready for 5G Advanced. The first artificial intelligence, AI, hardware tensor accelerator for 5G with 2.5x improved AI performance in comparison to previous generation...we invite you to visit us at Mobile World Congress 2023 for a live demonstration." Reference Link
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NSC | Hot Stocks13:30 EST Norfolk Southern expanding area eligible for reimbursements in Ohio - Norfolk Southern provided an update on environmental monitoring and community assistance for the Village of East Palestine, Ohio. "As of the evening of February 14, Norfolk Southern has: Completed more than 400 in-home air tests in conjunction with the U.S. Environmental Protection Agency and other governmental agencies. In-home air monitoring has not detected substances related to the incident and does not indicate health risks; Implemented an extensive outdoor air monitoring program in the community. Thousands of data points have been collected, which continue to indicate no risk to health from incident-related substances. Air monitoring is also being conducted in the broader region outside of the Village of East Palestine; Actively sampling the Village of East Palestine's drinking water supply wells, drinking water system, and private wells in areas potentially impacted by the incident; Distributed over $1.5 million in direct financial assistance to more than 1,000 families and a number of businesses to cover costs related to the evacuation. Those include reimbursements and cash advancements for lodging, travel, food, clothes, and other related items; and established a $1 million fund available immediately to the community. After a further review of areas affected by the evacuation orders and following discussions with East Palestine leaders, the company announced today that it is expanding the geographic area eligible for reimbursements for costs and inconvenience related to evacuating the region. All East Palestine residents in the 44413 zip code are now eligible," the company stated in its update. Reference Link
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TXN | Hot Stocks13:27 EST Texas Instruments picks Lehi, Utah for next 300-mm semiconductor wafer fab - Texas Instruments announced plans to build its next 300-millimeter semiconductor wafer fabrication plant, or "fab," in Lehi, Utah. "The new fab will be located next to the company's existing 300-mm semiconductor wafer fab in Lehi, LFAB. Once completed, TI's two Lehi fabs will operate as a single fab," the company stated. Haviv Ilan, TI executive vice president and chief operating officer, and incoming president and chief executive officer, said: "Our decision to build a second fab in Lehi underscores our commitment to Utah and is a testament to the talented team there who will lay the groundwork for another important chapter in TI's future. With the anticipated growth of semiconductors in electronics, particularly in industrial and automotive, and the passage of the CHIPS and Science Act, there is no better time to further invest in our internal manufacturing capacity." The company added: "The landmark $11 billion investment marks the largest economic investment in Utah history. The Lehi expansion will create approximately 800 additional TI jobs as well as thousands of indirect jobs. TI looks forward to strengthening its partnership with the Alpine School District and will invest $9 million to improve student opportunities and outcomes."
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GWAV | Hot Stocks13:23 EST Greenwave secures property for metal recycling facility in Cleveland, Ohio - Greenwave Technology has secured the property formerly occupied by JBI Scrap Processors on East 55th Street in Cleveland, Ohio to open a scrap metal recycling facility. The Company expects its Cleveland, Ohio facility will generate significant revenues and positive cashflows from operations during fiscal year 2023. The property has access to the adjoining railroad to easily transport the scrap metal it processes and hundreds of local businesses and individuals are accustomed to selling their metal scrap to facilities in the same vicinity on a regular basis.Greenwave is currently training employees on its processes and procedures, on-boarding the facility to the cloud-based enterprise resource planning software it utilizes, and expects to begin operations by February 28, 2023.
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CNI... | Hot Stocks13:18 EST North American rail traffic down 4.3% for the week ending February 11 - The Association of American Railroads or AAR reported U.S. rail traffic for the week ending February 11. For this week, total U.S. weekly rail traffic was 473,972 carloads and intermodal units, down 6.2% compared with the same week last year. Total carloads for the week ending February 11 were 233,382 carloads, down 1.6% compared with the same week in 2022, while U.S. weekly intermodal volume was 240,590 containers and trailers, down 10.2% compared to 2022. North American rail volume for the week ending February 11, on 12 reporting U.S., Canadian and Mexican railroads totaled 335,732 carloads, up 1.4% compared with the same week last year, and 316,515 intermodal units, down 9.8% compared with last year. Total combined weekly rail traffic in North America was 652,247 carloads and intermodal units, down 4.3%. North American rail volume for the first six weeks of 2023 was 3,812,418 carloads and intermodal units, down 1.8% compared with 2022. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Greenbrier (GBX), Trinity Industries (TRN), FreightCar America (RAIL) and Wabtec (WAB). Reference Link
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EADSY | Hot Stocks12:47 EST Airbus names Covestro's Thomas Toepfer as new CFO - Airbus has appointed Dr. Thomas Toepfer, to succeed Dominik Asam, as Chief Financial Officer. Toepfer, currently CFO of Covestro AG, will join Airbus on September 1. Dominik Asam will leave Airbus on March 3. Xavier Tardy, Executive Vice-President Finance for Airbus Defence and Space, "will ensure continuity during the interim period in addition to his current role."
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MSFT... | Hot Stocks12:06 EST Microsoft announces shift to 'comprehensive SaaS security solution' - Maayan Bar-Niv, Partner Group Product Manager, Microsoft Defender for Cloud Apps, stated in a blog post: "Software as a service - SaaS - apps are ubiquitous, hybrid work is the new normal, and protecting them and the important data they store is a big challenge for organizations. Today, 59 percent of security professionals find the SaaS sprawl challenging to manage and have identified cloud misconfigurations as the top risk in their environment. To combat these attacks effectively, security teams need a new approach that protects their data within cloud apps beyond the traditional scope of cloud access security brokers - CASBs. That's why Microsoft Defender for Cloud Apps is now delivering full protection of SaaS applications. This includes new investments in SaaS Security Posture Management, advanced threat protection as part of Microsoft's extended detection and response solution, and app-to-app protection-while continuing to build upon other powerful CASB capabilities like Shadow IT discovery and information protection. Today, we are excited to announce that Defender for Cloud Apps is extending its SSPM capabilities to some of the most critical apps organizations use today, including Microsoft 365, Salesforce, ServiceNow, Okta, GitHub, and more." Reference Link
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GTN | Hot Stocks12:03 EST Gray Television enter agreements with Marquee for television station swap - Gray Television announced that it has reached agreements with Marquee Broadcasting to swap television stations. Gray will sell KNIN, its Fox Network-affiliated television station in the Boise, Idaho, market, to Marquee. Currently, another broadcaster in the Boise market provides local news programming and back-office services for KNIN under a shared services agreement, subject to the ultimate control of Gray. Concurrently with the KNIN closing, Marquee will sell WPGA, its MeTV Network-affiliated full-power television station in the Macon, Georgia market, to Gray. At that time, Gray will own a full-power television station in every television market located in its home state of Georgia. Both transactions are expected to close in the second quarter of 2023 following receipt of regulatory and other approvals.
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STG | Hot Stocks12:00 EST Sunlands Online falls -10.1% - Sunlands Online is down -10.1%, or -$1.31 to $11.70.
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HL | Hot Stocks12:00 EST Hecla Mining falls -10.2% - Hecla Mining is down -10.2%, or -57c to $5.08.
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DVN | Hot Stocks12:00 EST Devon Energy falls -11.5% - Devon Energy is down -11.5%, or -$7.33 to $56.60.
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HLF | Hot Stocks12:00 EST Herbalife Nutrition rises 14.3% - Herbalife Nutrition is up 14.3%, or $2.48 to $19.84.
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SI | Hot Stocks12:00 EST Silvergate Capital rises 19.1% - Silvergate Capital is up 19.1%, or $3.32 to $20.68.
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RBLX | Hot Stocks12:00 EST Roblox rises 25.4% - Roblox is up 25.4%, or $9.04 to $44.72.
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DVN | Hot Stocks11:53 EST Devon Energy 'well positioned' to take advantage of consolidation
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DVN | Hot Stocks11:52 EST Devon Energy keeping 'high bar' on potential M&A deals
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NYMX | Hot Stocks11:51 EST Nymox announces NYMOZARFEX MAA accepted for review - Nymox Pharmaceutical announced that the Company's recent submission of Fexapotide Triflutate for the treatment of symptoms of benign prostate enlargement has been validated by the Denmark authorities, and the formal review process has now started. The trademarked name for the new product is NYMOZARFEX. The Marketing Authorization Application was submitted at the beginning of December 2022. The Company will continue to provide further information, including other expected submissions, when the information becomes available.
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DVN | Hot Stocks11:35 EST Devon Energy expects to be 'active buyers of our stock' - Devon Energy, on its Q4 earnings conference call, said it expects to be "active buyers of our stock, especially if we see trading weakness relative to our peers."
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BA | Hot Stocks11:08 EST Boeing sees clearing 100 Dreamliners from storage by end of 2024, says CFO
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BA | Hot Stocks11:03 EST Boeing CFO: 737 sold out through 2026, 787 sold out through 2025
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YAMHF | Hot Stocks11:03 EST Yamaha Motor Ventures invests in Machina Labs - Machina Labs announced an investment from Yamaha Motor Ventures, the strategic business development and investment arm of Yamaha Motor. Machina Labs combines AI and robotics to rapidly manufacture advanced sheet metal products. The investment will be used to accelerate company growth to meet customer demand, and to introduce new alloys in addition to sheet metal and titanium.
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PPBN | Hot Stocks11:02 EST Pinnacle Bankshares Corp raises quarterly dividend 11% to 20c per shae - Pinnacle Bankshares Corporation announced that its Board of Directors declared a cash dividend of 20c per share on February 14, 2023, payable March 10, 2023, to shareholders of record as of February 24, 2023.
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ALTI | Hot Stocks11:01 EST Alvarium Tiedemann Holdings Inc trading resumes
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ALTI | Hot Stocks10:56 EST Alvarium Tiedemann Holdings Inc trading halted, volatility trading pause
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BA | Hot Stocks10:54 EST Boeing CFO: Supply chain still not stable, predictable
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BA | Hot Stocks10:54 EST Boeing CFO sees 737 deliveries declining to low 20s in February - CFO Brian West is speaking at the Cowen Aerospace/Defense & Industrials Conference.
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MCAE | Hot Stocks10:14 EST Mountain Crest Acquisition Corp III trading resumes
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LBLCF | Hot Stocks10:12 EST Loblaw to transition away from single-use plastic shopping bags across BC - Loblaw Companies announced that effective February 16, it will begin transitioning away from single-use plastic shopping bags at stores across British Columbia, including Real Canadian Superstore, Your Independent Grocer, Real Canadian Liquor Store, Extra Foods and PC Express.
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HIL | Hot Stocks10:10 EST Hill International selected by WSDOT for Washington State Ferries support - Hill International was selected by the Washington State Department of Transportation to provide Program General Engineering Consultant services for the electrification of the Washington State Ferries system. The ambitious System Electrification Program will begin the transition to an emission-free fleet of hybrid electric ferries, to reduce environmental impacts and lower energy costs. The SEP Program is focused on three key elements of the electrification system - building new hybrid electric vessels, converting selected existing diesel-burning vessels to hybrid electric, and electrifying the terminals.
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MCAE | Hot Stocks10:09 EST Mountain Crest Acquisition Corp III trading halted, volatility trading pause
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MSCI | Hot Stocks10:09 EST MSCI, Salt Financial collaborate to develop volatility-controlled index solution - Salt Financial announced a collaboration with MSCI to create risk-controlled index solutions for insurance companies. The companies said, "The cooperation is expected to provide insurance companies and their clients with a new way to leverage MSCI's 50 years of expertise in investment research and index construction using Salt's patent-pending truVol Risk Control Engine."
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SAVE | Hot Stocks10:07 EST Spirit Airlines announces five new, nonstop routes from San Juan - Spirit Airlines announces the launch of five new, nonstop routes from Luis Munoz Marin International Airport. The expansion adds convenient and affordable flights to Atlanta, Chicago, Dallas, Detroit and Hartford, growing Spirit's Puerto Rico service from 11 destinations to 16 by June 2023. The carrier also announced it will increase flights between San Juan and Orlando to five flights daily and grow flights between San Juan and Baltimore, Fort Lauderdale and Newark to two flights daily.
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MGA | Hot Stocks10:06 EST Magna to invest over $470M to expand operations across Ontario, Canada - Magna announced it is investing more than $470M to expand its operations across Ontario, Canada. The growth includes a new battery enclosures facility in Brampton to support the Ford F-150 Lightning and future OEM programs. In addition to the Brampton facility, Magna is growing in its locations in Guelph, Belleville, Newmarket, Windsor, and Penetanguishene. These expansions follow new business awards from various automakers in key product areas. They are also supported by $23.6M in grants from the Ontario government to bring additional high-quality jobs to the region with ongoing training and development programs for employees. The new and expanded operations are expected to bring more than 1,000 new jobs to Ontario over the next few years.Details of the new and expanding facilities include: Brampton: A new 490,000 square-foot leased facility to manufacture battery enclosures for electric vehicles. Operations to begin in Q2 2023, roughly 560 new jobs are expected at full production. Guelph: Magna is adding e-coat, molding and welding capacity to its exteriors plant to support new electric vehicle production. The expansion will total 120,000 square-feet, and production is planned to begin in Q2 2023. Approximately 175 new jobs are expected. Belleville: Magna's lighting plant is adding to its capabilities for printed circuit board assemblies and will start operations in Q4 2023. Up to 100 new jobs are expected. Newmarket: Magna's mechatronics facility which produces vehicle access systems including side door latches, electronic control units, and power systems - is growing its business and expects approximately 75 new jobs. Windsor: Magna's mechatronics plant adds new business for powered aluminum tonneau covers. The facility has recently started those operations and is planning to add roughly 110 new jobs. Penetanguishene: Magna's mechatronics facility is growing its tailgate hinges production and more than 15 new jobs are planned.
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BA | Hot Stocks10:04 EST Boeing announces agreements to purchase 5.6M gallons of SAF for 2023 - Boeing has agreements to purchase 5.6 million gallons of blended sustainable aviation fuel produced by Neste to support its U.S. commercial operations through 2023. These agreements more than double the company's SAF procurement from last year.The purchase agreements include supply of Neste MY Sustainable Aviation Fuel which is blended with conventional jet fuel at a 30/70 ratio to produce the blended SAF. Neste MY SAF is made from 100% renewable waste and residue raw materials, such as cooking oil and animal fat waste, and meets strict sustainability criteria. EPIC Fuels and Signature Aviation company will provide 2.3 million gallons and Avfuel will supply 300,000 gallons of this blended SAF for the Boeing ecoDemonstrator flight test program and the company's commercial sites in Washington state and South Carolina. Boeing is also purchasing an additional 3 million gallons of the same blended SAF from EPIC Fuels and Signature Aviation, generating emissions reduction credits for commercial deliveries, Dreamlifter and executive flights.
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BAESY | Hot Stocks10:03 EST BAE Systems, Leonardo partner on interoperable aircraft survivability suite - BAE Systems and Leonardo UK recently received U.S. government approval to develop an interoperable aircraft survivability suite consisting of BAE Systems' AN/AAR-57 Common Missile Warning System and Leonardo's Miysis Directed Infrared Countermeasure System. The combined capability will significantly enhance aircraft survivability against advanced threats.
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ENTX | Hot Stocks10:02 EST Entera Bio announces FDA acceptance of Type D meeting review for EB613 PTH - Entera Bio announced that a Type D meeting protocol review has been accepted by the U.S. FDA to provide responses by March 30th, 2023. The pivotal, Phase 3 study protocol is entitled "A 24-Month Phase 3, Randomized, Double-Blind, Global Multicenter Study Comparing the Effects of Oral hPTH Daily Tablets vs. Placebo on Bone Mineral Density in Postmenopausal Women with Osteoporosis." EB613 is the first oral, once daily mini tablet presentation of hPTH. EB613 met primary and secondary endpoints in a placebo controlled, dose ranging Phase 2 study in 161 postmenopausal women with low bone mass and osteoporosis. As part of its briefing documents for the Type D process, Entera has submitted its Phase 3 protocol which reflects the agreement reached during the Company's September 2022 Type C Meeting discussion with FDA that a single 24 month Phase 3 placebo-controlled study could support a New Drug Application submission under the 505(b)(2) regulatory pathway and (2) that Total Hip Bone Mineral Density could serve as the primary endpoint for the registrational study. The objective of Type D meeting review is to confirm that the protocol fully meets FDA's expectations, including the analysis of the primary endpoint and the population PK evaluations, ahead of potential study initiation in H2 2023. The FDA previously agreed on major design elements of the protocol including the primary endpoint, enrollment criteria, titration and 2:1 randomization plan, and that 400 or more patients on EB613 is consistent with ICH E1A to support safety for the NDA. The current protocol reflects a 667/333 patient randomization, a 24 month total study duration and a futility interim analysis to occur when the last of the 300 first randomized subjects have completed 12 months in the study.
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BAESY | Hot Stocks10:01 EST BAE Systems, Leonardo partner on interoperable aircraft survivability soluti - BAE Systems and Leonardo UK recently received U.S. government approval to develop an interoperable aircraft survivability suite consisting of BAE Systems' AN/AAR-57 Common Missile Warning System and Leonardo's Miysis Directed Infrared Countermeasure System. The combined capability will significantly enhance aircraft survivability against advanced threats.
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CLW | Hot Stocks10:00 EST Clearwater Paper falls -11.5% - Clearwater Paper is down -11.5%, or -$4.24 to $32.53.
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MCY | Hot Stocks10:00 EST Mercury General falls -11.7% - Mercury General is down -11.7%, or -$4.32 to $32.66.
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STG | Hot Stocks10:00 EST Sunlands Online falls -18.0% - Sunlands Online is down -18.0%, or -$2.34 to $10.67.
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AVNT | Hot Stocks10:00 EST Avient rises 9.1% - Avient is up 9.1%, or $3.53 to $42.19.
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HLF | Hot Stocks10:00 EST Herbalife Nutrition rises 10.5% - Herbalife Nutrition is up 10.5%, or $1.82 to $19.18.
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RBLX | Hot Stocks10:00 EST Roblox rises 25.3% - Roblox is up 25.3%, or $9.01 to $44.68.
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ADBE | Hot Stocks09:58 EST European Commission to assess proposed acquisition of Figma by Adobe - In a posting on its Daily News page, the European Commission said it has accepted requests submitted by Austria, Belgium, Bulgaria, Cyprus, Czechia, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, and Sweden to assess under the EU Merger Regulation the proposed acquisition of Figma by Adobe, both of the US. The agency said, "Figma offers a web-based collaborative tool for product design, Figma Design, as well as a whiteboarding tool, FigJam. Adobe is a global software company offering, among others, an interactive product design tool, Adobe XD. The proposed transaction does not reach the turnover thresholds set by the EU Merger Regulation and therefore was not notified to the Commission. The transaction was notified for regulatory clearance in Austria and Germany, where it met national notification thresholds. Austria submitted a referral request to the Commission pursuant to Article 22(1) EUMR. This provision allows Member States to request the Commission to examine a concentration that does not have an EU dimension but affects trade within the single market and threatens to significantly affect competition within the territory of the Member States making the request. Other countries of the European Economic Area had the opportunity to join the original referral request. Subsequently, Belgium, Bulgaria, Cyprus, Czechia, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, and Sweden joined Austria's referral request.On the basis of the information provided by the referring countries, and without prejudice to the outcome of its full investigation, the Commission considers that the transaction meets the criteria for referral under Article 22 EUMR. In particular, the transaction threatens to significantly affect competition in the market for interactive product design and whiteboarding software, which is likely at least EEA-wide, and, therefore, in the referring countries. The Commission also concluded that it is best placed to examine the potential cross-border effects of the transaction. The Commission will now ask Adobe to notify the transaction. Adobe cannot implement the transaction before notifying and obtaining clearance from the Commission."[ Reference Link]:[https://ec.europa.eu/commission/presscorner/detail/en/mex_23_904]
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EYEN | Hot Stocks09:53 EST Eyenovia announces development collaboration agreement with Formosa - Eyenovia announced that the company has entered into a development collaboration agreement with Taiwan-based Formosa Pharmaceuticals. The agreement seeks to combine Eyenovia's Optejet dispensing technology with Formosa's unique APNT nanoparticle formulation platform for the potential development of new topical ophthalmic therapeutics that employ the Optejet dispenser. Both companies intend to collaborate on testing formulations and engaging in discussions with the Food and Drug Administration, with the goal of executing a development and commercialization Agreement under which the companies would work to develop new drugs leveraging APNT formulations in the Optejet dispenser.
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STLA | Hot Stocks09:53 EST Stellantis establishes new software hub in Poland - Stellantis N.V. is growing its software development and engineering network to eight hubs by establishing a new operation in Poland, the company said in a statement. The Poland software hub will be staffed with up to 300 employees in data analytics and software development and validation, and will be located in Gliwice, near a Stellantis manufacturing plant. The team in the Poland software hub will primarily focus on base software development, software application development, DevOps and automated validation.
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LNKB | Hot Stocks09:47 EST LinkBancorp appoints Dee Bonora as CTO - LINKBANCORP announced the appointment of Dee Bonora as Chief Technology Officer. As CTO, Bonora will help drive innovation and operational excellence throughout the organization.
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LAD | Hot Stocks09:47 EST Lithia & Driveway falls -8.6% - Lithia & Driveway is down -8.6%, or -$24.29 to $257.01.
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OCFT | Hot Stocks09:47 EST OneConnect falls -9.1% - OneConnect is down -9.1%, or -79c to $7.90.
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BCS | Hot Stocks09:47 EST Barclays falls -9.2% - Barclays is down -9.2%, or -85c to $8.37.
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AVNT | Hot Stocks09:47 EST Avient rises 8.4% - Avient is up 8.4%, or $3.24 to $41.90.
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BLCO | Hot Stocks09:47 EST Bausch + Lomb rises 12.8% - Bausch + Lomb is up 12.8%, or $2.18 to $19.16.
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RBLX | Hot Stocks09:47 EST Roblox rises 19.9% - Roblox is up 19.9%, or $7.08 to $42.75.
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ASML | Hot Stocks09:46 EST ASML discloses data misappropriation by former employee in China - ASML disclosed in its annual filing: "We have experienced unauthorized misappropriation of data relating to proprietary technology by a (now) former employee in China. We promptly initiated a comprehensive internal review. Based upon our initial findings we do not believe that the misappropriation is material to our business. However, as a result of the security incident, certain export control regulations may have been violated. ASML has therefore reported the incident to relevant authorities. We are implementing additional remedial measures in light of this incident."
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NNDM | Hot Stocks09:28 EST Nano Dimension initiates $100M active share repurchase process - Nano Dimension announced it is putting into action its previously announced share repurchase plan, allowing the Company to invest up to $100 million to repurchase its American Depository Shares.
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AREC | Hot Stocks09:22 EST American Resources' ReElement joins NAATBatt - American Resources Corporation has joined NAATBatt International, the premiere trade association of developers, manufacturers, suppliers and users of battery technology in North America.
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VEEE | Hot Stocks09:21 EST Twin Vee PowerCats launches all-new boat brand LFG Marine - Twin Vee PowerCats announced the launch of LFG Marine, an all-new monohull boat brand that will feature unique, new, and versatile boat models initially geared toward the freshwater market but can also be enjoyed in saltwater environments. The Company is currently developing the following models for LFG Marine: 22' Center Console monohull; 25' Dual Console, single-engine day boat; 22' Dual Console monohull; 25' Deck Boat, single-engine; Additional plans for larger monohull boats ranging from 24 - 30 or more feet in length.
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CREX | Hot Stocks09:19 EST Creative Realities announces second amendment to merger agreement - Creative Realities announced the amendment of its agreements related to its previous acquisition of Reflect Systems via merger on February 17, 2022, which, in part, extended the maturity date of the $2.5 million Secured Promissory Note by one year, from February 17, 2023 to February 17, 2024. On February 11, 2023, Creative Realities and RSI Exit Corporation executed an amendment to the $2.5 million Secured Promissory Note. The original terms of the note required the Company to pay to the Stockholders' Representative a balloon payment of $1.25 million, plus all accrued and unpaid interest, on its stated maturity date, February 17, 2023. The Note Amendment eliminated the balloon payment, extending the maturity date for a one-year period, to February 17, 2024. During the extended period, the Company will continue to make monthly principal payments of $104,166.67, and the annual interest rate on the outstanding principal increased from 0.59% to 4.60%, which will accrue and is payable in full on the new maturity date. On February 11, 2023, Creative Realities and Stockholders' Representative executed a Second Amendment to the Merger Agreement, which provided that, among other things, the cash merger consideration payable in the Merger should be reduced by $0.2 million, or the "Claim Amount," subject to a reduction in the Claim Amount to the extent that Reflect or Creative Realities receives payments of certain accounts receivable of Reflect. An employer retention credit of $0.2 million based on the operations of Reflect pre-Merger remains outstanding and will be paid to the Stockholders' Representative for the benefit of former Reflect stockholders upon receipt, subject to the offset rights of Creative Realities. In light of the possible collection of the ERC and the Note Amendment, the parties agreed that the Claim Amount would be reduced by the amount of any ERC received by Creative Realities or Reflect prior to the maturity date of the Secured Promissory Note. If the Claim Amount exceeds the remaining amounts payable under the Secured Promissory Note on any payment date, Creative Realities may reduce the amount of the Secured Promissory Note, and the Claim Amount will be reduced on a dollar-for-dollar basis. In light of the resolution of the Claim Amount, the parties agreed to release $250,000 of escrowed funds, plus interest, to the Stockholders' Representative, which was placed in escrow at the closing of the Merger. The parties also amended an escrow agreement to extend the period for which the escrow agent would accept monthly payments of the Secured Promissory Note until the extended maturity date, February 17, 2024.
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LGTO SLND | Hot Stocks09:18 EST Legato Merger Corp. II, Southland complete business combination - Southland Holdings and Legato Merger Corp (LGTO) announced they have completed their previously announced business combination. The post-merger company will operate as Southland Holdings, Inc. and is expected to change its trading symbols from LGTO and LGTOW to SLND and SLNDW. "Today marks a historic milestone in the evolution of our company and is a testament to the 120 years of hard-working men and women who make Southland who we are today. We are proud of our rich history delivering North America's most challenging and iconic construction projects. We move forward in an optimal position to continue building vital infrastructure and creating sustainable solutions for future generations," said Frank Renda, Southland's President and Chief Executive Officer.
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NCRA | Hot Stocks09:15 EST Nocera announces financial model with path to $100M in revenue - Nocera provides additional clarity on its path to 100m in revenues through its innovative fish farm recirculating system. The company plans to open 10 major fish farms in the US. Each with the capacity to launch 500 Nocera RAS tanks each with a maximum capacity of 100 '000 lbs of catfish a year. At maximum capacity an entire farm would yield 50m lbs of fish a year. Each pound of fish currently sells for $2 to a fish processor. If processed by Nocera through Nocera's owned processor, each pound of fish would net $3 profit to the company. With each farm containing 500 tanks, the farm would generate 50m pounds of fish. 50m pounds of fish sold through existing processor relationships would net the company $100m in top line revenue and with current economics upwards of $60m in profit. In the US, the average person consumes 17 pounds of seafood a year with the entire US population consuming 6B pounds of seafood yearly and growing 5% year on year. A Nocera fish farm operating at maximum capacity would only account for 8.3% of the current US market. The company expects to announce further developments of its US large scale fish farm plan soon in a model that can be replicated in other states.
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TECK PLM | Hot Stocks09:14 EST Teck announces completion of NewRange Copper JV agreement with PolyMet - Teck Resources (TECK) announced that the 50:50 joint venture agreement, JV, with PolyMet Mining (PLM) to advance the NorthMet Project and Teck's Mesaba mineral deposit has closed. The NewRange Copper Nickel joint venture, with a new leadership and management team in place, is focused on advancing permitting and development of NorthMet to deliver critical minerals in support of the global low-carbon energy transition. The NewRange Copper Nickel joint venture brings together two large, well defined mineral resources in the established Iron Range mining region of Minnesota.
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SHIP | Hot Stocks09:12 EST Seanergy Marine announces 1-for-10 reverse stock split - Seanergy Maritime announced that its Board of Directors has determined to effect a 1-for-10 reverse stock split of the Company's issued and outstanding shares of common stock, effective at the opening of trading on February 16, 2023. At the special meeting of the shareholders of the Company held on February 7, 2023, Seanergy's shareholders approved a reverse stock split by a ratio of not less than 1-for-8 and not more than 1-for-12 and granted the Board the authority to determine to effect the reverse stock split and the exact split ratio within this range. The Board approved the reverse stock split on February 9, 2023. In addition, the Company announced today that its Chairman and Chief Executive Officer, Stamatis Tsantanis, intends to purchase an aggregate of up to $1,000,000 in the Company's common shares in the open market, following the effective date of the reverse stock split. Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer, stated: "We believe that the consolidation of Seanergy's outstanding number of shares will further increase investor outreach for our stock and attract long-term investors. In addition, we aim to resolve trading uncertainties by ensuring due compliance with Nasdaq's listing criteria and improving the marketability and liquidity of the Company's common stock. I am committed to further expand my own open market stock purchases, as I believe that our current share price is deeply undervalued. The recently completed initiatives to increase shareholder value, our substantial buybacks of our securities and sizeable cash dividends, lay a strong foundation for our future success. I have great confidence in the solid fundamentals and long-term prospects of Seanergy and the capesize dry bulk sector."
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AWI | Hot Stocks09:11 EST Armstrong World appoints Monica Maheshwari as SVP, human resources - Armstrong World Industries announced that Monica Maheshwari has been named senior vice president, Human Resources and a member of the senior leadership team, effective March 1, 2023. She joins Armstrong from DuPont where, since 2015, she served as vice president, Human Resources for the company's electronics and industrials business.
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CSX | Hot Stocks09:10 EST CSX board increases quarterly dividend 10% to 11c per share - CSX announced that the Company's Board of Directors approved a 10% increase in its quarterly dividend, from $0.10 to $0.11 per share. The new $0.11 quarterly dividend is payable on March 15, 2023, to shareholders of record at the close of business on February 28, 2023.
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GOVX | Hot Stocks09:09 EST GeoVax, EmVenio enters collaboration to expand Phase 2 COVID-19 booster trial - GeoVax Labs and EmVenio Research announced a collaboration to deploy a mobile clinical facility in the Claremont, California area to expand GeoVax's ongoing Phase 2 clinical trial evaluating GEO-CM04S1 as a COVID-19 booster vaccine in healthy patients. GEO-CM04S1 is a synthetic attenuated modified vaccinia Ankara vector vaccine that expresses spike and nucleocapsid antigens of the SARS-CoV-2 virus. It is being researched in two Phase 2 clinical trials, with this trial as a COVID-19 booster for patients who have already received an mRNA vaccine approved by the U.S. Food and Drug Administration. This trial will include 60 healthy individuals, 18 years of age or older, and is designed to specifically evaluate the safety profile and immunogenicity of 2 dose levels of GEO-CM04S1 as a booster shot. The immunological responses measured throughout the study will include both the level of SARS-CoV-2 neutralizing antibodies and specific T-cell responses. GEO-CM04S1 is also being studied as the first vaccine comparing an investigational multi-antigenic COVID-19 vaccine to current FDA-approved mRNA vaccines in people who are immunocompromised.
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CE | Hot Stocks09:09 EST Celanese in drug delivery research pact with Johns Hopkins - Celanese announced an agreement with Johns Hopkins University Department of Ophthalmology to collaborate on a study of sustained drug delivery to the suprachoroidal space in the eye. Direct administration of therapeutics to the suprachoroidal space is growing more common as an approach for the treatment of retinal disorders. Treatment currently consists of frequent ocular injections performed at the physician's office. A bioinert implant based on the VitalDose platform can provide sustained ocular drug delivery for greater than six months, providing an alternative approach for reliable, continuous dosing and reducing the treatment burden for the patient. The VitalDose Drug Delivery Platform independently has proven biocompatibility and achieves greater than six months release of mAbs, peptides, small molecules and RNAi therapeutics, making it suitable for delivering a variety of therapeutics used for ophthalmologic conditions
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FAT | Hot Stocks09:08 EST Great American Cookies expands into Illinois with two new locations - Great American Cookies, a FAT Brands subsidiary, announces its debut in Illinois with two new locations situated in the Chicago suburbs of Schaumburg and Orland Park. Locals can now enjoy desserts that hit the sweet spot, including a variety of fresh-baked cookies and Create-Your-Own Cookie Cakes. "We continue to look for strategic opportunities to grow our brand and are thrilled to be breaking ground in Illinois," said Jenn Johnston, President of FAT Brands' Quick-Service Division. "Both Orland Park and Schaumburg are great Chicago communities that we are confident will eat up what makes us so special-our homemade treats made with only the highest quality ingredients."
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FIGS LEVI | Hot Stocks09:07 EST Figs announces Steve Berube joins as COO - FIGS (FIGS) announced that Steve Berube has joined FIGS as Chief Operating Officer. FIGS also announced that current COO, Devon Duff Gago, has been appointed as FIGS' Chief Business Development Officer, and will work with Mr. Berube to facilitate a successful transition. As COO, Mr. Berube will lead distribution and logistics, as well as inventory planning and customer experience. In her new role, Ms. Duff Gago will lead a number of the company's key growth initiatives, including International and TEAMS, which is FIGS' B2B platform that enables institutions to standardize and professionalize with FIGS as their uniform. Each executive will report to Trina Spear, Chief Executive Officer of FIGS. Mr. Berube joins FIGS after serving as Senior Vice President of Distribution and Logistics at Levi Strauss & Co. (LEVI). During his tenure, he developed a global distribution strategy and oversaw a network of 35 facilities worldwide, led all logistics and trade functions, implemented multiple warehouse management systems and created infrastructure to support operations on a global scale. He previously served as Senior Vice President of Distribution and Logistics at lululemon athletica inc., and in various operations roles at Cole Haan and Nike.
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MTTR | Hot Stocks09:06 EST Matterport launches Digital Pro solution - Matterport announced Digital Pro, an all-in-one marketing solution for real estate agents, available now in the United States. Digital Pro combines the innovation of Matterport's 3D digital twin technology with integrated marketing and content production services to create the industry's most affordable, comprehensive marketing package to help real estate professionals win more listings and sell homes faster. With a single appointment, Matterport will produce professional-grade HDR photos, a 2D floor plan, 3D tour, and a preview video for customers, all delivered within 1-2 business days at a low flat rate.
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BROG SMEGF | Hot Stocks09:06 EST Brooge Energy, Siemens Energy announce partnership - Brooge Energy (BROG) announced a partnership through the company's subsidiary Brooge Renewable Energy with Siemens Energy (SMEGF) to build a PV solar farm to supply BRE's Green Hydrogen and Green Ammonia project in Abu Dhabi, United Arab Emirates at the World Government Summit 2023 taking place on February 13 - 15, 2023 in Madinat Jumeirah, Dubai, United Arab Emirates. Lina Saheb, Interim Chief Executive Officer, commented, "It is with great honor to announce our partnership with Siemens Energy at the World Government Summit 2023 as together we take a step toward a greener future. I look forward to working closely with the talented Siemens Energy team on this important project." BRE and SE partnership is aimed to build up to 650 MW solar PV plant to supply BRE's planned Phase 1 of the green ammonia project with renewable energy. Siemens Energy will serve as the Technical Partner to Brooge and exclusive provider of solutions including engineering, design procurement, and construction of up to a 650 MW solar PV plant including grid connection and operation and maintenance services. The two companies will partner to obtain the necessary project approvals from governmental agencies as a first step of the project.
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LIQT | Hot Stocks09:04 EST LiqTech enters distribution agreement with Liquinex in Singapore - LiqTech and Liquinex, a Singapore-based specialist in water and wastewater treatment technologies, have entered into a distribution agreement to supply LiqTech's silicon carbide ceramic membranes to Liquinex's water treatment solutions for Singapore. Liquinex specializes in the design, fabrication and systems integration of compact water and wastewater treatment platforms using next-generation technologies such as ceramic, biomimetic and graphene membranes. Liquinex collaborates with the Singapore Water Agency, as well as other public and private entities in Singapore, Malaysia, The Philippines and Indonesia.
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AVYA | Hot Stocks09:03 EST NYSE to suspend trading immediately in Avaya, start delisting proceedings - The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Avaya Holdings - ticker symbol AVYA - from the NYSE. Trading in the company's common stock will be suspended immediately. "NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D after the Company's February 14, 2023 disclosure that the Company has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In reaching its delisting determination, NYSE Regulation noted the uncertainty as to the ultimate effect of this process on the value of the Company's common stock. NYSE Regulation also noted that the Company's restructuring support agreement does not contemplate any recovery for holders of the Company's common stock. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company's securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision," the Exchange stated. Reference Link
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QCOM ZBRA | Hot Stocks09:03 EST Third Wave Automation announces investment by Qualcomm, Zebra Technologies - Third Wave Automation announced a strategic investment by Qualcomm Ventures (QCOM) and Zebra Technologies (ZBRA), bringing total funding to $70M. The strategic investment will enable TWA to accelerate new innovations as its first product expands its select pilot program. With the funding, TWA plans to expand its market offerings, accelerate new solutions for automating other classes of forklifts, including narrow aisle and counterbalance trucks and integrate with automation solutions, such as Fetch Robotics, which is now part of Zebra Technologies.
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IDT | Hot Stocks09:03 EST NRS expands to Canada - National Retail Solutions announced the expansion of its network to Canada. The NRS platform provides independent retailers, including convenience, tobacco, and liquor stores, with a purpose-built, integrated hardware and software solution. Store management tools include a price book, inventory management solutions, sales reports and statistics, vendor payments, remote operations management through the My NRS Store mobile app, in-store promotions, e-commerce, a customer loyalty program, and more. NRS will also offer its Canadian retail partners NRS Pay, a straightforward, low-cost credit card processing service. NRS Pay is free of long-term contracts, termination costs, and the pernicious hidden fees often charged by other credit card payment processors. NRS is currently deploying its POS terminals to select retailers in Toronto and plans to expand to other Canadian cities in the coming months.
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GPRO | Hot Stocks09:02 EST GoPro authorizes $40M in additional share repurchases - GoPro has authorized the company to repurchase an additional $40M of its Class A common stock. In 2022, the board of directors authorized the repurchase of up to $100M of its Class A common stock, of which $40M was repurchased in 2022. The cumulative remaining authorized amount for repurchase of Class A common stock as of February 9, 2023, is $100M, of which $5M has now been repurchased in 2023. GoPro expects to fund repurchases through cash generated from operations. GoPro's stock repurchase program has no time limitations and may be modified, suspended, or discontinued at any time.
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AMZN RNG | Hot Stocks09:02 EST Amazon.com, RingCentral enter strategic collaboration - RingCentral (RNG) announced a strategic collaboration with Amazon (AMZN) Web Services, or AWS, to help organizations accelerate their cloud journeys and transform their employee and customer communications. As part of the multi-year agreement, AWS will offer industry-leading RingCentral MVP and RingCentral Contact Center solutions to its customers, giving them access to a leading unified communications platform that integrates enterprise-grade team messaging, video meetings, and a market-leading cloud phone system, along with an award-winning Contact Center solution.
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AVYA | Hot Stocks09:02 EST Avaya Holdings trading halted, news dissemination
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AWRE | Hot Stocks08:59 EST Aware to demonstrate mobile biometric solutions a Mobile World Congress - At MWC Barcelona, Aware will demonstrate its mobile biometric solutions that integrate into any onboarding or ongoing authentication process an organization may wish to offer. These solutions include Knomi, Aware's mobile biometric authentication framework for more established organizations looking to integrate biometrics into their own applications, and AwareID, Aware's SaaS solution for businesses of any size.
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SNAL | Hot Stocks08:58 EST Snail announces Ragnarok expansion map on ARK: Survival Evolved - Snail announced a new addition to the Nintendo Switch version of ARK: Survival Evolved, an action-adventure survival video game developed by Studio Wildcard. Players can now explore the free and highly acclaimed expansion map Ragnarok on-the-go, bringing a new level of excitement and adventure to the game.
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HEPS | Hot Stocks08:57 EST Hepsiburada says nine cross-dock points impacted by recent earthquake - D-MARKET Electronic Services & Trading d/b/a Hepsiburada announced its initial assessment of the impact of the earthquake on February 6, 2023 in the Republic of Turkiye, on its business and operations. The company said, " Hepsiburada would like to express its deepest condolences to the victims of the earthquake affecting ten cities located in the southeast region of the Republic of Turkiye and also, the northwest region of the Syrian Arab Republic. Our sincere hopes are for the earliest possible relief and recovery of all the affected regions. Based on an initial assessment, Hepsiburada believes none of its employees or outsourced employees have lost their lives as a result of the earthquake. Hepsiburada will continue to take every effort to provide all the relevant support needed to both its employees and outsourced employees, as may be necessary. Hepsiburada's physical buildings used as its Istanbul headquarters and offices, and its Gebze fulfillment center - where most of its employees are based, apart from those working remotely - are located outside of the earthquake zone and have been unaffected by the earthquake. Nine cross-dock points out of a network of 190 cross-docks, have been directly impacted and will have to be relocated at the earliest convenience. The relocation of these parcel transfer centers or their contents is estimated to cost up to USD 200,000 in 2023. Hepsiburada's total number of Active Merchants on the Marketplace who have their registered address in the affected ten cities is approximately 6,500 out of over 94,000 Active Merchants. Hepsiburada has advanced its payments that were due to be made to them for those sales that were already invoiced, by one week. As expected during natural disasters, Hepsiburada has observed a temporary decline in overall customer demand on its platform, and the number of orders received during the week starting February 6th, compared to the preceding week, as well as compared to the same week of the past year. Hepsiburada believes that this decline may have been caused by the loss of traffic and demand from those ten cities affected by the earthquake and its decision to put major marketing campaigns, events and media advertising on hold out of respect for the nationwide mourning. Hepsiburada anticipates that a recovery in customer demand may occur gradually once the situation stabilizes."
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ZEST AULT | Hot Stocks08:54 EST Ecoark, Ault Inc. invite stockholders to participate in BitNile.com tour - Ault Alliance, Inc. (AULT) and Ecoark Holdings (ZEST) announced invitations to their respective stockholders to a tour of the next-generation marketplace, BitNile.com, Inc., currently a subsidiary of Ault Alliance, on February 28, 2023. The tour will be led by Milton Ault, III, the founder of BitNile.com, which is set to launch and "go live" March 1, 2023. BitNile.com's development is led by Douglas Gintz, its President and Chief Product Officer. Ault and Ecoark jointly announced on February 9, 2023 that they have entered into a share exchange agreement whereby, upon closing, Ecoark will acquire 100% of the outstanding equity of BitNile.com. Tour participants will experience first-hand the dynamic features, ambiance and capabilities of the metaverse platform, which can readily accept Bitcoin. The Platform is being developed to enable users to access the Metaverse via the web browser allowing usage on any device such as mobile, tablets, PC's and virtual reality headsets. Ault Alliance and Ecoark expect the Platform to revolutionize how people interact digitally with a bidirectional connection to the physical world. The Platform will incentivize users through a tiered rewards system supported by a revenue and reward model. The Platform will be device-agnostic, where users will be able to play 3D immersive games, can purchase both digital and physical products, experience various forms of entertainment, and engage with a new social networking community across any of their internet connected devices. The Platform will allow users to participate in the Metaverse with unique avatars and customized skins, or digital accessories.
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MIGI | Hot Stocks08:52 EST Mawson Infrastructure expands Midland, PA facility by 100% to 100MW - Mawson Infrastructure Group announces that it has installed 2 additional substation transformers at its 100 MW Midland, PA site. These transformers will power the second 50MW of capacity at the facility, capable of holding up to 29,400 miners and producing up to 3.5 exahashes per second when fully deployed . The site is expected to be fully operational in early Q2, 2023 with these transformers being the final piece of infrastructure required, connecting the previously built out poles and wires and is expected to double the Mawson Self-mining and hosting operations, once our modular data centers and ASIC miners are fully deployed.
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ATTO | Hot Stocks08:50 EST Atento raises $40M in new financing commitments - Atento has reached an agreement with certain existing investors to provide additional financing to the group. The total capital raised is approximately $40M. Further details of the transaction will be disclosed in the coming days. Atento intends to pay its coupon payment obligations under its senior secured notes due 2026 and all associated hedge payments upon completion of the new financing. Atento continues to execute its business plan while maintaining a positive growth trend in EBITDA margin.
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VCYT | Hot Stocks08:50 EST Veracyte: Value of test for men with high risk prostate cancer validated - Veracyte announced that data published in the International Journal of Radiation Oncology, Biology, Physics demonstrate that the company's Decipher Prostate Genomic Classifier can improve risk stratification among men with clinically high-risk prostate cancer. The data, from a pre-specified analysis of three phase 3 trials, represent the first validation of any gene-expression biomarker on pre-treatment biopsy samples from prospective randomized trials, and suggest the Decipher test provides clinically useful prognostic information to help personalize shared treatment decision-making. Approximately 30% of men with newly diagnosed localized prostate cancer present with high-risk disease, meaning they have an increased risk of disease recurrence, metastasis and death compared to men with lower-risk disease. However, previous studies have shown that more than 70% of men with high-risk prostate cancer who receive standard-of-care definitive radiotherapy and long-term androgen deprivation therapy will never develop metastatic disease.
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CLRB SGEN | Hot Stocks08:50 EST Cellectar Biosciences hires Shustov as new Senior Vice President, Medical - Cellectar Biosciences (CLRB) announced that it has hired Andrei Shustov, M.D., as its new Senior Vice President, Medical reporting to James Caruso, president and CEO. In this role, Dr. Shustov will lead and provide oversight on all aspects of the Company's clinical development program, medical affairs, and medical communications. Dr. Shustov most recently served as Senior Medical Director, Late-Stage Clinical Development at Seagen (SGEN), where he provided clinical expertise and oversight of regulatory submissions and activities of the Global Development Team.
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FBIO | Hot Stocks08:48 EST Fortress Biotech's Helocyte announces Phase 1 pilot study published in journal - Helocyte, a subsidiary company of Fortress Biotech, announced that data from a Phase 1 pilot study published in the American Journal of Hematology demonstrated the feasibility, safety, immunological response and potential efficacy associated with vaccination of a hematopoietic cell transplant donor with the cytomegalovirus, CMV, vaccine Triplex to enhance protective CMV-specific T cells in immunosuppressed recipients of allogeneic HCT. The investigator-initiated trial conducted at City of Hope analyzed the results of 17 CMV-seropositive recipients who received an HCT from a matched related donor vaccinated with Triplex prior to stem cell harvest and transplant. Triplex was well tolerated with limited adverse events in donors and recipients, all of whom experienced successful engraftment. On day 28 post-HCT, levels of functional CMV-specific CD137+CD8+ T cells were significantly higher in recipients of Triplex with vaccinated MRD versus those in an unvaccinated MRD control cohort. Memory CMV-specific T cell responses continued to steadily expand through one-year of follow up. Lindsay Rosenwald, M.D., Fortress' Chairman, President and Chief Executive Officer, said, "To our knowledge, the outcome of the trial is the first reported evidence of a safe, successful attempt to increase protective CMV-specific T cell immunity in CMV-seropositive HCT recipients through vaccination of a donor. The donor vaccination paradigm deployed in the trial represents a promising approach that may be applicable to a variety of HCT settings and could limit the use of antivirals which are often associated with severe adverse events and delayed immune reconstitution. We look forward to exploring this approach further in a planned Phase 2 trial. Triplex is currently the subject of multiple ongoing and planned clinical trials in HCT, solid organ transplantation, Human Immunodeficiency Virus and in combination with CAR-T therapy."
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ALAR | Hot Stocks08:46 EST Alarum announces NetNut is entering the end-to-end retail AI data market - Alarum Technologies announced that its Enterprise Internet Access arm, NetNut, is entering the retail artificial intelligence, AI, market, landing its first retail customer for its digital technologies and analytics for retail customers. "As competition in the retail market continues to accelerate, retail vendors are required to upgrade their technological and analytical capabilities, using advanced AI tools and big data, in order to maintain competitive advantages. With an innovative platform that combines data collection at scale and machine learning, NetNut's ability to provide targeted data for retailers, helps such businesses to make data-driven decisions, such as understanding customer behavior and optimizing management of supply chain, get insight into the competition, identify new opportunities, and ultimately optimize their business functions and increase profitability," said Shachar Daniel, Chief Executive Officer of Alarum. Daniel added "We are proud of the wide network we established at NetNut. We are confident in our ability to provide massive amounts of data and respond to our customers' requirements. We intend to continue to expand our network, as well as develop advanced solutions to meet the industry's needs."
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FRGT | Hot Stocks08:45 EST Freight Technologies launches Fr8TMS 3.0, new shipper platform - Freight Technologies announces the launch of a major update for its transportation management system. The new update is aimed at revolutionizing the commercial trucking industry by introducing logistics and transportation technology to move freight within the USMCA region, with a focus on cross-border shipping. The update includes several new features and improvements, such as better real-time tracking and monitoring of shipments, which will allow shippers to see exactly where their freight is at all times and to receive notifications if there are any delays or issues. "We are excited to introduce this new update to the Fr8TMS, which will revolutionize the commercial trucking industry. The new features and improvements will make it easier for shippers to move their freight, and it will also benefit carriers and drivers by connecting them with shippers looking to move their freight," said Javier Selgas, CEO of Freight Technologies.
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MKTW | Hot Stocks08:44 EST MarketWise appoints Amber Lee Mason as CEO, member of board of directors - MarketWise announced that Amber Lee Mason has been appointed Chief Executive Officer of the Company and a member of the board of directors, effective immediately. Dr. Stephen Sjuggerud has stepped down from his current role as Interim Chief Executive Officer. Mason has steadily risen through MarketWise's businesses holding increasing levels of responsibility since joining the Company in 2006. Ms. Mason was recently appointed MarketWise's Chief Operating Officer and is a member of the executive team, supporting all businesses under the MarketWise umbrella.
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SPRC CMND | Hot Stocks08:42 EST SciSparc, Clearmind collaborate to strengthen IP portfolio - SciSparc (SPRC) announced today that as part of its ongoing collaboration with Clearmind Medicine (CMND), a biotech company focused on discovery and development of novel psychedelic-derived therapeutics to solve major under-treated mental health problems, three provisional patent applications were filed by Clearmind with the United States Patent and Trademark Office, USPTO. The patent applications refer to novel proprietary combinations of lysergic acid diethylamide, LSD, psilocybin, and N,N-dimethyltryptamine, DMT, and SciSparc's Palmitoylethanolamide, PEA, the active ingredient of its proprietary CannAmide. Under this collaboration, three other patent applications have been filed by Clearmind with the USPTO for the combination of SciSparc's PEA with Clearmind's MEAI compound for the treatment of alcohol use disorder, treatment of cocaine addiction and treatment of obesity and its related metabolic disorders. "These new patent applications continue to support our findings of the major role CannAmideTM, our proprietary PEA formulation, plays in SciSparc's various proprietary combination treatments," said Oz Adler, Chief Executive Officer of SciSparc. "All our clinical and pre-clinical studies performed to date, in numerous diseases and conditions, indicated CannAmide(TM) ability to reduce doses while maintaining therapeutic efficacy and while increasing safety. We have great confidence in our collaboration with Clearmind and believe that together we can maximize the therapeutic effect of our products, potentially offering additional solutions for mental health problems with unmet needs that have limited effective solutions, if at all," continued Adler.
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EDBL | Hot Stocks08:41 EST Edible Garden regains compliance with Nasdaq continued listing requirements - Edible Garden announced that it received notice from Nasdaq on February 10, 2023 indicating that the Company had regained compliance with the minimum stockholders' equity requirement for continued listing on Nasdaq under Nasdaq Rule 5550(b)(1), the publicly held shares requirement under Nasdaq Rule 5550(a)(4), and the minimum bid price requirement under Nasdaq Rule 5550(a)(2).
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IMMX | Hot Stocks08:39 EST Immix's Nexcella enters U.S. GMP manufacturing agreement for NXC-201 trial - Nexcella, a subsidiary of Immix Biopharma, announced that it has entered into a manufacturing agreement with a well-known United States Good Manufacturing Practice, GMP, cell therapy manufacturer that will supply a US Phase 1b/2 clinical trial of NXC-201 in relapsed/refractory multiple myeloma and AL amyloidosis. As Nexcella plans to expand the ongoing Israel trial to the U.S., it is necessary to demonstrate that clinical trial drug supply has been secured when submitting an Investigational New Drug, IND, application to the U.S. Food and Drug Administration. This U.S. manufacturing site is expected to supply NXC-201 material for the Phase 1b/2 clinical trial in the U.S. following an IND submission to the FDA and approval. Over the coming months, Nexcella plans to initiate a pre-IND meeting with the FDA, submit an IND application to the FDA, and obtain IND approval for a Phase 1b/2 of NXC-201 in relapsed/refractory multiple myeloma and AL amyloidosis. We believe recently reported Phase 1b clinical data from the ongoing clinical trial in Israel supports expanding the NXC-201 trial to the U.S. "We are excited about our progress toward bringing NXC-201 to United States clinical sites. Securing clinical supply is a critical step in advancing NXC-201 toward a potential U.S. regulatory submission. We believe NXC-201 could become a best-in-class therapy for patients suffering from AL amyloidosis and multiple myeloma," said Gabriel Morris, President of Nexcella.
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EFX | Hot Stocks08:37 EST Equifax partners with Narrative data collaboration platform - Equifax announced a partnership with Narrative, a data collaboration platform, to streamline access to and activation of wealth, economic and credit-based audience data from Equifax for automotive businesses. The partnership is designed to give marketing and analytics teams the ability to create custom segments from Equifax datasets and deliver them to activation endpoints with just a few clicks.
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DTSS | Hot Stocks08:35 EST Datasea launches converged cloud SaaS product for China Mobile - Datasea announced that Hangzhou Shuhai Zhangxun Information Technology, a subsidiary of the Chinese operating company contractually controlled by the Company, has entered into a product cooperation agreement with China Mobile Software Technology Co, a subsidiary of China Mobile Communications, and the operator of China Mobile's cloud open market. Under the terms of the agreement, Shuhai Zhangxun will launch Converged Cloud SaaS Product on the cloud open market as a service provider. This agreement marks a significant milestone in Shuhai Zhangxun's continuous efforts to upgrade its core 5G messaging products and enhance its AI personalized service capabilities with platforms like its chatbot. Moreover, it further reinforces product functions, advantages and competitiveness.
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CGRN | Hot Stocks08:35 EST Capstone unit Lone Star Power Solutionssecures 3.6 MW deal in texas - Capstone Green Energy announced that its southern U.S. distributor, Lone Star Power Solutions, has contracted with a large West Texas energy company to provide a new 3.6 MW EaaS rental contract pushing its total EaaS contracts to 45 MW. The Company is confident in its ability to achieve sustained positive adjusted EBITDA results when it reaches its target of 50 MW - of deployed rental units, combined with its recent across-the-board price increase that went into effect on January 30, 2022. This new contract represents the continued expansion of the EaaS strategy and is indicative of ongoing customer demand. The large West Texas energy producer will use the microturbine energy systems to power production loads using the on-site gas produced from its day-to-day operations.
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SERA | Hot Stocks08:33 EST Sera Prognostics' PreTRM test shows predictive efficacy in Avert trial - Sera Prognostics announced top-line results from the Avert Preterm Trial. Both co-primary outcomes-reduction of severe neonatal morbidity or neonatal death; and decreased length of neonatal hospital stay-met their endpoints, and the improvements in outcome with a PreTRM test-and-treat approach were statistically significant. Results are being prepared for publication in a peer-reviewed journal. The PreTRM Test was broadly developed and validated for prediction of spontaneous preterm birth in the U.S. in the Proteomic Assessment of Preterm Risk study. The trial evaluated the health benefit afforded to babies when pregnancies are screened with the PreTRM Test and physicians intervened based on those results.
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ADEA QRVO | Hot Stocks08:32 EST Adeia, Qorvo enter hybrid bonding license agreement - Adeia Inc. (ADEA) announced that Qorvo (QRVO) has licensed Adeia's hybrid bonding technology. Adeia has pioneered fundamental advances in the semiconductor industry over the last 30 years. With a large and growing portfolio of intellectual property covering hybrid bonding, semiconductor packaging and semiconductor processing technologies, Adeia licenses and partners with leading semiconductor companies around the world to enhance product roadmaps.
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GLYC | Hot Stocks08:32 EST GlycoMimetics:Uproleselan in RR study continues with original even trigger event - GlycoMimetics announced the independent Data Monitoring Committee, DMC, reviewed the interim utility analysis of its Phase 3 study of uproleselan in relapsed/refractory, R/R, acute myeloid leukemia, AML, and recommended the study should continue to the originally planned final overall survival event trigger. "We thank the independent DMC for its recommendation and are strongly encouraged as the blinded pooled survival data continues to show patients living longer than historical benchmarks. Going forward, survival duration for new events in the study will be greater than 14 months since the last patient was randomized, giving us confidence in the potential for uproleselan to improve outcomes for people living with R/R AML," said Harout Semerjian, Chief Executive Officer of GlycoMimetics. "We are proud to be advancing a novel treatment with significant potential to address the urgent unmet medical need in this acute leukemia, and we look forward to continuing the study to the originally planned final overall survival analysis, now expected within the first half of 2024."
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OCEA AEHA | Hot Stocks08:30 EST Ocean Biomedical debuts as publicly traded company - Ocean Biomedical (OCEA) announced the completion of its business combination with Aesther Healthcare Acquisition (AEHA), a publicly traded special purpose acquisition company. Ocean Biomedical, the resulting combined company, is expected to commence trading on the Nasdaq Capital Market under the symbol "OCEA" on February 15, 2023. The business combination was approved by Aesther's shareholders on February 3, 2023. Related transactions included up to a $60M committed backstop by Vellar Opportunity Fund SPV LLC - Series 3 and a Common Stock Purchase Agreement with White Lion Capital LLC, which provides that White Lion Capital is committed to purchase the Company's Common Stock with an aggregate gross purchase price of up to $75M. The arrangement provides Ocean Biomedical access to capital that will enable the company to propel its diversified pipeline to commercial success. The company's common stock and warrants are expected to be listed on Nasdaq under the symbols "OCEA" and "OCEAW," respectively.
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CHRS SHJBF | Hot Stocks08:30 EST Coherus, Junshi announce final OS results of JUPITER-02 Phase 3 trial - Shanghai Junshi Biosciences (SHJBF) and Coherus BioSciences (CHRS) today announced results of a final analysis of overall survival from the pivotal study JUPITER-02, a randomized, double-blind, placebo-controlled Phase 3 clinical trial evaluating toripalimab in combination with gemcitabine and cisplatin as the first-line treatment for patients with recurrent or metastatic nasopharyngeal carcinoma. This final analysis demonstrated a statistically significant and clinically meaningful improvement in OS in NPC patients treated with toripalimab plus chemotherapy compared to chemotherapy alone. These data are being submitted for presentation at an upcoming medical meeting. "In the pivotal JUPITER-02 trial, toripalimab has demonstrated a statistically significant and clinically meaningful overall survival benefit for patients with advanced NPC, an aggressive head and neck tumor with no current FDA-approved treatment options," said Rosh Dias, M.D., Coherus' CMO. "These mature overall survival data continue to demonstrate the benefit of toripalimab in the treatment of NPC patients, further building upon the data published in Nature Medicine and presented at the 2021 plenary session at the ASCO annual meeting, and clearly show that toripalimab has the potential to become the new standard-of-care for NPC patients, once approved. We look forward to sharing these data with the oncology community at an upcoming medical meeting."
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AKTX | Hot Stocks08:29 EST Akari announces pre-clinical development progress toward IND for GA treatment - Akari Therapeutics announced updates on progress in the pre-clinical development program for long-acting PAS-nomacopan as a potential treatment for geographic atrophy, GA, secondary to dry age-related macular degeneration, dAMD."Our pre-clinical development work has been focused on engineering, evaluating and selecting the version of long-acting PAS-nomacopan that will achieve the maximum dose interval, while not sacrificing manufacturability, as well as securing our intellectual property," said Rachelle Jacques, President and CEO of Akari. "We have made significant development progress and I am pleased we are on track for an IND application submission next year to enable clinical trials for this potentially important treatment option for patients with geographic atrophy." Long-acting PAS-nomacopan is in pre-clinical development as a treatment for GA that addresses areas of significant unmet patient need including a long dose interval and reduction in the risk of choroidal neovascularization. The new PAS-nomacopan versions are fully active, with binding kinetics to complement C5 equivalent to the parent drug nomacopan and earlier PAS-nomacopan versions. New versions show high expression levels in recombinant protein manufacturing. Development of PAS-nomacopan has progressed from lab scale to pre-GMP optimization. With these advances, Akari is on track to select the version that will advance to GMP manufacturing and non-clinical safety studies in preparation for an investigational new drug application and the start of clinical trials in GA. Importantly, the new versions of PAS-nomacopan have significantly increased hydrodynamic radii compared to previous versions, increasing the PAS-nomacopan target dosing interval beyond 3 months with the potential for only 3 or 4 intravitreal injections a year.
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VRSSF | Hot Stocks08:26 EST Verses Technologies partners with SVT Robotics - VERSES Technologies announced a partnership with SVT Robotics, whose SOFTBOT Platform and partner ecosystem streamline the integration and deployment of robotics, IoT, and other industrial applications. SVT's integration with VERSES' network operating system, KOSM, is expected to accelerate deployments of AI powered robots into warehouses and distribution centers. By modeling enterprise data and processes as a multi-dimensional digital twin of each location, KOSM generates real-time intelligence, boosts worker productivity, and improves overall operational performance. A SOFTBOT connector for KOSM services will be available in SVT Robotics' AppDirectory for quick and reliable integration with any of the other automation and robotics technology connectors in the SVT ecosystem. This streamlines the integration and adoption of VERSES AI for use by supply chain companies using the latest logistics robots.
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APRE | Hot Stocks08:24 EST Aprea Therapeutics announces Phase II SBIR award from NCI - Aprea Therapeutics received an award notification from the National Cancer Institute for the development of a first-in-class combination of DNA damage response inhibitors for the treatment of high-grade serous ovarian cancer. Total funding under the award is up to $1,996,571 over a period of two years, subject to the availability of funds and satisfactory progress of the project over such period. HGSOC is a devastating disease responsible for the deaths of about 125,000 women worldwide each year and has low survival rates. Approximately 50% of HGSOCs harbor genetic mutations in BRCA1, BRCA2, or other genes that cause defects in homologous recombination. Another large fraction of HGSOCs exhibit amplification of the cell proliferation regulator Cyclin E1. To develop a potential therapy for this disease, Aprea Therapeutics is initiating a first-in-human clinical trial of a new highly selective ataxia-telangiectasia and Rad3 related inhibitor, ATRN-119. In addition, Aprea Therapeutics has also developed a highly potent and selective WEE1 inhibitor, ATRN-W1051, with a differentiated structure and potentially preferable pharmacokinetic properties. In pre-clinical studies, ATRN-W1051 has demonstrated anti-proliferative activity against a variety of cancer cell lines and shown the potential to inhibit the growth of genetically-defined HGSOC tumors in xenograft models. Notably, the combination of these two agents is a potential treatment for women with CCNE1-amplified HGSOC. A portion of the work will be carried out at the laboratories of University of Pennsylvania Perelman School of Medicine researchers Drs. Fiona Simpkins, Professor of Obstetrics and Gynecology, and Eric Brown, Associate Professor of Cancer Biology. This grant will support an evaluation of the in vivo and in vitro activity and tolerability of ATRN-119 and ATRN-W1051 using a library of cell lines and patient-derived xenograft models of HGSOC that express varying levels of CCNE1. These studies could potentially identify mechanistically relevant biomarkers of sensitivity to ATRN-W1051 and may inform future clinical trial protocols using ATRN-119 combination and ATRN-W1051 for the treatment of HGSOC.
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ECOR | Hot Stocks08:23 EST electroCore completes sale of New Jersey tax benefits - electroCore announced that it has completed the sale of its available tax benefits through the New Jersey Economic Development Authority's Technology Business Tax Certificate Transfer program. As a result, the Company has received approximately $211,000 in non-dilutive cash from the sale of these net operating loss, NOL, tax benefits. "We appreciate the support from the state of New Jersey through its NOL program, which we have benefited from over the past few years," stated, Brian Posner, Chief Financial Officer of electroCore. "This non-dilutive funding will continue supporting us as we invest in our growing business. We appreciate the support of New Jersey state leadership and the New Jersey Economic Development Authority, which has provided us with approximately $2.7 million of non-dilutive funding over the last three years."
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ENLV | Hot Stocks08:22 EST Enlivex Therapeutics issued Israeli patent for Allocetra - Enlivex Therapeutics announced the issuance of an Israeli patent, numbered 284985, entitled, "Combination Immune Therapy and Cytokine Control Therapy for Cancer Treatment." The patent provides added intellectual property protection in Israel into at least 2037, with claims covering the use of for Allocetra for prevention or amelioration of cytokine storms in cancer patients receiving CAR-T therapy, as well as in patients whose cytokine storms result from infectious diseases or non-infectious sources. Oren Hershkovitz, PhD, CEO of Enlivex commented, "We are pleased with the continued buildup of our comprehensive intellectual property portfolio for Allocetra."
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SLVM | Hot Stocks08:22 EST Sylvamo in pact with shareowner Atlas, adds two new independent directors - Sylvamo's board of directors entered into a cooperation agreement with Atlas Holdings, its largest shareowner, adding two new independent directors to its board. Effective March 1, Sylvamo will add Karl Meyers and Mark Wilde, expanding the company's board to 11 directors. "We look forward to welcoming Karl and Mark to our board," said Jean-Michel Ribieras, chairman and chief executive officer. "They will bring valuable expertise to Sylvamo." The cooperation agreement includes customary restrictions and voting commitments. Sylvamo will nominate Meyers and Wilde for election with its other directors during its 2023 annual shareowners meeting. The board also determined it would terminate Sylvamo's shareholder rights plan immediately. The cooperation agreement and information about the shareholder rights plan will be included in a Form 8-K filed with the Securities and Exchange Commission.
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SIDU | Hot Stocks08:20 EST Sidus Space awarded multi-million dollar agreement with TNO - Sidus Space has been awarded a multi-million dollar agreement with The Netherlands Organization for Applied Scientific Research, or TNO, to deploy and test TNO's laser communications technology aboard a Sidus' LizzieSat satellite. As part of the $2.5M agreement, TNO will design and deliver HemiCAT, a high-efficiency miniature communications laser terminal, which Sidus will integrate into its hybrid 3D printed satellite, LizzieSat. Sidus will manage all aspects of integration, deployment, and operations, including procuring a launch and operating HemiCAT in orbit. The in-orbit demonstration mission for laser satellite communication is part of a study of Dutch defense technology.
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WKSP | Hot Stocks08:19 EST Worksport announces $4M manufacturing line shipped to U.S. factory - Worksport announces that its $4M custom European manufacturing line has now begun the shipping process to the Company's wholly-owned 222,000 sq. ft. factory in Western N.Y., with an estimated arrival date of February 28th - one month earlier than initially anticipated. Upon its arrival, the Company anticipates that the installation and training process will take several weeks, after which the Company plans to conduct test runs. "The expected arrival of this machinery is much anticipated and will be a significant milestone for the Company," said Worksport CEO, Steven Rossi. "We are excited to begin installation and training so that production of our hard-folding tonneau covers can begin as soon as possible. We believe that will enable us to steer the Company toward our long-stated goal of revenue growth. We had looked into other potential solutions that might have allowed the Company to start production without this custom machinery, but there wasn't a viable alternative that we believe would enable us to meet our high standards for tonneau cover production" Rossi added. "If the installation of the new manufacturing line and training go as expected, we should be in full production with the hard-folding covers soon after. Then, we believe we will be well positioned to finish, test and perfect the Solis solar cover production line."
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DUOT | Hot Stocks08:19 EST Duos Technologies announces 30 AI models in operation for Class 1 railroad - Duos Technologies Group announced that it now has 30 of its artificial intelligence models in operations for a Class 1 customer location in Mexico.The active AI models represent a majority of those that are available in the Company's AI detection catalogue, all of which work in conjunction with the Federal Railroad Administration's mandated inspection points and are intended to give the railroad's designated inspectors an enhanced toolset for them to identify actual or potential mechanical defects. By early identification of such defects, railroads can enhance their operations, leading to improved operational efficiencies including higher throughput and lower costs. As part of the Company's exhaustive research strategy to identify AI detection use cases for customers, three Class 1 railroads recently met with Duos at its Jacksonville headquarters to review the program and provide input to the development process.
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AXP | Hot Stocks08:18 EST American Express opens Centurion Lounge at Seattle-Tacoma International Airport - American Express opened a new, 14,000 square foot Centurion Lounge at Seattle-Tacoma International Airport, or SEA. The new lounge is nearly triple the size of the original Centurion Lounge at SEA and now located in the newly created mezzanine level of the Central Terminal post-security. It features spectacular views of the airfield and iconic Olympic mountains, ample room for guests to relax or work before their flight, and a locally-inspired menu from Seattle-based Communion Restaurant and Bar Executive Chef Kristi Brown. Plus, the new location includes "Blue Roast by American Express," a coffee bar serving specialty coffee, espresso drinks, and cold brew from local Seattle roaster Caffe Umbria, and a one-of-a-kind mural of the Seattle skyline made from coffee beans by celebrated artist Harold Caudio.
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ASMB | Hot Stocks08:18 EST Assembly Biosciences selects ABI-5366 to progress to IND-enabling studies - Assembly Biosciences announced the selection of development candidate ABI-5366 to progress to IND-enabling studies for its long-acting herpes simplex virus type 2 helicase inhibitor program. 5366 is the first development candidate from Assembly Bio's discovery pipeline nominated for advancement to clinical development since the company announced its expanded research focus outside of hepatitis B last year. "We're excited to bring forward this novel development candidate from our HSV-2 program targeting high-recurrence genital herpes, a serious chronic viral disease with profound physical and psychological impacts on patients. There has not been a new medicine approved for patients suffering from high-recurrence genital herpes in decades and current therapies are only partially effective in preventing frequent outbreaks," said William Delaney, PhD, chief scientific officer of Assembly Bio.
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GRTX | Hot Stocks08:17 EST Galera announces FDA acceptance, priority review of Avasopasem NDA - Galera Therapeutics announced that the U.S. Food and Drug Administration has accepted for filing and granted priority review to the New Drug Application for avasopasem manganese for radiotherapy-induced severe oral mucositis in patients with head and neck cancer undergoing standard-of-care treatment. There are currently no FDA-approved drugs to reduce SOM for these patients. With the 6-month priority review designation, the Prescription Drug User Fee Act target date assigned by the FDA for this NDA is August 9, 2023. The FDA indicated in its acceptance of filing letter that it is not planning to hold an advisory committee meeting on the application. The FDA previously granted Breakthrough Therapy and Fast Track designations to avasopasem for the reduction of SOM induced by RT.
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CODI | Hot Stocks08:16 EST Compass Diversified completes sale of Advanced Circuits to APCT - Compass Diversified announced the completion of the Company's previously announced sale of its majority owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, to APCT. The sale price was based on an enterprise value of $220 million plus estimated cash and working capital adjustments subject to customary post-closing true-ups. After these adjustments, as well as for an allocation to ACI's non-controlling shareholders and the payment of transaction expenses, CODI received approximately $170 million of total proceeds from the sale at closing. This amount was in respect of its debt and equity interests in ACI and the payment of accrued interest. As previously announced, CODI expects to record a pre-tax gain of approximately $100 million to $110 million from the sale. Net proceeds will be used to pay off outstanding revolver borrowings.
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HOLX | Hot Stocks08:16 EST Hologic announces approval of NovaSure V5 GEA device in Canada, Europe - Hologic has announced approval of the NovaSure V5 global endometrial ablation, or GEA, device in Canada and Europe. This new version incorporates enhanced features designed to treat a wide range of cervical and uterine anatomies. It builds on a track record for NovaSure, including 3M patients who have benefited from the device.
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BREA | Hot Stocks08:14 EST Brera plans to acquire European first-division football team Akademija Pandev - Brera Holdings announced its first planned acquisition with the signing of a Letter of Intent, LOI, to acquire the European first division football team Fudbalski Klub Akademija Pandev in North Macedonia, a country which has the right to participate in the three major UEFA competitions. "This is an example of Brera Holdings implementing its international strategy to simultaneously pursue expansion and licensing of the Brera FC brand in Eastern Europe," said BREA CEO, Sergio Scalpelli, who continued, "through the Akademija Pandev acquisition and Brera renaming we intend to enhance the team's performance, and ideally prepare players for the professional transfer market and obtain prizes related to participation rights in UEFA." Brera Holdings expects to enter into definitive agreements for the acquisition of Akademija Pandev and to close the acquisition within the first half of 2023.
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DCFC | Hot Stocks08:14 EST Tritium to add over 250 jobs at Lebanon, Tennessee factory - Tritium DCFC announced that the Company will be adding more than 250 jobs to the total anticipated workforce at its Lebanon, Tennessee factory. The Company also shared the recent achievement of International Organization for Standardization certifications at the facility. The 250+ jobs included in this announcement will add to the more than 500 jobs over the next five years in Lebanon, Tennessee that the Company announced in February 2022.
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VYNE | Hot Stocks08:13 EST VYNE Therapeutics announces results from Phase 1a trial of VYN201 - VYNE Therapeutics announced positive results from the Phase 1a portion of its Phase 1a/b clinical trial evaluating its novel BET inhibitor, VYN201, for vitiligo. In the Phase 1a portion of the study, single ascending and multiple ascending doses of VYN201 were applied topically once daily to 30 healthy volunteers in five dose cohorts for two weeks with a one-week safety follow-up visit to evaluate the safety, tolerability and pharmacokinetics of VYN201. Evaluated doses included VYN201 0.025%, 0.1%, 0.5%, 1.0% and 2.0% ointment strengths. The safety and tolerability results are summarized below: There were no serious adverse events and no dose adjustments were required. There were no clinically relevant treatment emergent adverse events, abnormal clinical laboratory results or electrocardiogram findings. No healthy volunteers withdrew from the trial for any reason. VYNE has selected 0.5%, 1.0% and 2.0% ointment strengths for evaluation in the ongoing Phase 1b study evaluating VYN201 in non-segmental vitiligo patients. "These preliminary safety results mark a significant milestone as we progress our first in-human clinical trial for VYN201 and advance the development of our BET inhibitor programs for immuno-inflammatory indications," said David Domzalski, President and Chief Executive Officer of VYNE. "These safety data support our thesis for designing VYN201 as a locally-administered soft drug to minimize systemic exposure and maximize target engagement, and we look forward to receiving topline results from the Phase 1b portion of the study in the middle part of the year."
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PRPH | Hot Stocks08:13 EST ProPhase Labs to expand Pharmaloz Manufacturing subsidiary - ProPhase Labs provided a business update with respect to its wholly-owned contract manufacturing subsidiary, Pharmaloz Manufacturing. To meet the growing demand for its products and services, Pharmaloz is acquiring new equipment which is expected to double its current capacity for pouch packaging by the second quarter of 2023. Pharmaloz is also planning for expansion of its lozenge manufacturing business. Altogether, these expansion initiatives are expected to lead to a 200% increase in capacity for 2024 as compared to 2022. It is currently expected that the Pharmaloz expansion will be funded entirely from internal cash flow generated from profits generated at the operating subsidiary level with no capital required from the parent company. Pharmaloz had two new customers enter full production in 2022, resulting in the addition of over 3.5 million units, mostly in the fourth quarter of 2022. The company formulated and launched seven new products for new and existing customers, totaling 1.75 million units. Additionally, the company added three new customers which are expected to enter full production in 2023, representing an estimated 1.0 million additional units. Pharmaloz brought customer micro testing in-house in 2022 and produced over 50 R&D sample runs for customers. Following these successful sample runs, the company is currently finalizing a contract with a potential new customer that could add over 6.0 million units per year and negotiating with another potential new customer that could add an additional 6.0 million or more units per year. Pharmaloz is also in the early stages of discussing options with four other potential new customers and is currently formulating liquid-filled lozenges for its customers, with additional equipment for these products expected to be added to its current production line in 2023.
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GH | Hot Stocks08:12 EST Guardant Health initiates new Shield study - Guardant Health announced the initiation of a new study to examine patient preference for Shield, Guardant Health's blood test to screen for colorectal cancer, or CRC, and if having the option of a blood test improves patient adherence to screening. The study will be conducted by the Center for Asian Health Equity - University of Chicago Medicine, or CAHE-UCM.
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NVVE | Hot Stocks08:12 EST Nuvve Holding engages ShareIntel to combat short selling activity - Nuvve Holding has entered into a service agreement with Shareholder Intelligence to assist in efforts to identify and combat suspected illegal naked short selling activities and other potential trading violations or market manipulation. Among other services, ShareIntel will monitor trading activity, including shareholder, critical broker-dealer and clearing firm trading patterns. Nuvve believes it may have been the target of a market manipulation scheme involving illegal naked short selling of its common stock that may have artificially depressed its share price and has engaged ShareIntel to monitor and investigate. ShareIntel utilizes a patented process called DRIL-Down to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders.
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VBIV | Hot Stocks08:12 EST VBI Vaccines: Interim Phase 2 Data on VBI-2601/BRII-835 to treat chronic HBV - VBI Vaccines announced interim data from the Phase 2 study evaluating the combination of VBI-2601, BRII-179, VBI's HBV immunotherapeutic candidate, and BRII-835 an HBV-targeting siRNA candidate, in chronically infected HBV patients. The data, which will be featured in an oral presentation at APASL on February 18, 2023, demonstrated that the combination therapy was generally well-tolerated, restored strong anti-HBsAg antibody responses, and led to improved HBsAg-specific T-cell responses, when compared to BRII-835 alone. Notably, in two participants who received the combination therapy, maximum reductions in HBsAg to an undetectable level or to the lower limit of quantification,LLOQ, were achieved by Week 40, which were associated with robust HBV-specific antibody and T-cell responses.
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KDNY | Hot Stocks08:11 EST Chinook Therapeutics appoints Andrew Oxtoby as CCO - Chinook Therapeutics announced the appointment of Andrew Oxtoby as chief commercial officer. He joins Chinook from Aimmune Therapeutics, where he most recently served as president and CEO and led the organization's integration into its new parent company, Nestle Health Science, and expanded Aimmune's portfolio and therapeutic focus beyond food allergy into disease states related to gastrointestinal conditions.
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FYBR T | Hot Stocks08:11 EST Frontier Communications, AT&T enter wireless infrastructure deal - Frontier (FYBR) and AT&T (T) announced a deal that will enable AT&T to deploy wireless infrastructure in Frontier central offices and connect to Frontier's fiber network. The company said this will improve the resiliency, reliability and speed of the wireless service that AT&T offers to its customers. AT&T is the first tenant to rent space in Frontier's hyper-local offices and will utilize Frontier's fiber-optic network to connect with its cell towers that are in Frontier's network. Frontier's footprint is complementary to AT&T's existing network, which will help accelerate the company's 5G deployment. AT&T will tap into Frontier's fiber-to-the-tower infrastructure to connect to AT&T's wireless cell towers. This deal is an extension of AT&T and Frontier's 2021 agreement that brought the two complementary fiber networks together to power business customers nationwide.
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HEOFF | Hot Stocks08:09 EST H2O Innovation appoints Leonard Graziano to board of directors - H2O Innovation announces the appointment of Leonard Graziano as a member of its Board of Directors, effective on February 13, 2023. Graziano has been serving on H2O Innovation's Strategy, Innovation and Large Projects Committee as an external advisor for the last six years. From 2002 to 2011, Graziano held the position of President and CEO of Severn Trent Services.
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RBLX | Hot Stocks08:09 EST Roblox reports January revenue $213M-$216M - Reports January average DAUs 65M. Reports January hours engaged 5B. "Bookings accelerated meaningfully in December and January, with year over year growth exceeding 20% in both months. Growth was strong across all geographies and age groups with particular strength among users above 17 years old," said Michael Guthrie, CFO of Roblox. "As bookings re-accelerated late in 2022, we saw immediate improvements in adjusted EBITDA margins. For the full year, we were able to make important investments in infrastructure and trust and safety largely out of cash flow from operations."
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IQ BIDU | Hot Stocks08:08 EST iQIYI enters framework agreement with Baidu on AI-generated content - iQIYI (IQ) has entered a framework agreement with Baidu (BIDU), connecting iQIYI to Baidu's generative dialogue product ERNIE Bot. Under the agreement, iQIYI and Baidu will jointly explore leveraging AI-Generated Content technologies on iQIYI's various business endeavors, including content search, promotion, novel creation and tools, among other areas. ERNIE Bot is a generative dialogue product Baidu launched based on its ERNIE technology. iQIYI would be given priority and internal access to trial ERNIE Bot. The technological capabilities will be deployed to facilitate the corporation between iQIYI and Baidu on production research and development, standard setting, and other areas.
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FCX | Hot Stocks08:06 EST Freeport-McMoRan: Copper Mark awarded to PT Freeport Indonesia - Freeport-McMoRan announces the Copper Mark has been awarded to PT Freeport Indonesia ,PT-FI . With this award, FCX has achieved the Copper Mark at all 12 of its eligible copper producing sites globally. FCX also is pleased to announce that its primary molybdenum mines, Climax and Henderson, have been awarded the Molybdenum Mark, making FCX the first primary molybdenum miner to achieve this distinction. Richard C. Adkerson, Chairman and Chief Executive Officer, said, "I am pleased to report today that all of our copper operating sites have now been validated by the Copper Mark. As the operator of 9% of the world's copper production, we have a long-standing commitment to safe and responsible production practices and are dedicated to continuous improvement. We recognize the critical role our products play in the global economy and in advancing and accelerating decarbonization. I am proud of our team for their accomplishments and ongoing commitment to responsible production practices."
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WOOF CDNAF | Hot Stocks08:06 EST Petco expands shop-in-shop partnership with Canadian Tire - Petco (WOOF) announced a significant expansion to its existing exclusive retail partnership with Canadian Tire (CDNAF). This expansion aims to enable Petco to further reach into Canada's assessed $5.3B pet market with an expanded, exclusive Petco product assortment in dedicated Canadian Tire store spaces as well as online. Petco shop-in-shops will be available in 90% of Canadian Tire's locations across the country by the middle of 2023. The shop-in-shop experience will also feature a variety of additional Petco brands.
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EVRI CZR | Hot Stocks08:06 EST Everi Digital to provide gaming content for Caesars Sportsbook & Casino - Everi Digital, the online gaming business of Everi Holdings (EVRI) (the "Company"), announced it has entered into an agreement with Caesars Sportsbook & Casino (CZR) to provide its award-winning online gaming content for the operator's real-money online gaming operations. All content will be delivered via Everi's proprietary Spark Remote Game Server, which houses the company's Digital's iGaming catalog. High-performing titles, such as Triple Jackpot Gems, Crystal Star, and Black Diamond, are among the nearly 70 engaging themes available via Spark RGS.
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CMG | Hot Stocks08:04 EST Chipotle to open new restaurant called Farmesa in Santa Monica - Chipotle Mexican Grill announced it is opening a new restaurant called Farmesa at Third Street Promenade in Santa Monica, California. Farmesa is a fresh, bold concept featuring delicious proteins, greens, grains and vegetables that are inspired by Chipotle's Food with Integrity standards. The concept will soft open with an abbreviated menu and limited hours before officially rolling out next month.
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ANPC | Hot Stocks08:02 EST AnPac Bio acquires GISN - AnPac Bio-Medical closed the acquisition of GISN, a technical solution and outsourcing consulting services provider focused on the digital, internet and Web 3 business transformation for start-ups and traditional enterprises. GISN provides customized technical solutions for Web3 and payment fields and comprehensive management from design, R&D, testing, operating and maintenance. The acquisition is pursuant to a stock purchase agreement the company entered into on January 28, 2023, whereby it agreed to purchase 100% of the issued and outstanding equity interest of GISN in consideration of $1.7M, payable in the form of newly issued Class A ordinary shares of the company.
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IAA RBA | Hot Stocks08:02 EST Eminence Capital to vote AGAINST Ritchie Bros. proposed merger with IAA, Inc. - Eminence Capital, the beneficial owner of more than 900,000 shares of Class A Common Stock of Ritchie Bros. Auctioneers (RBA), announced its intention to vote AGAINST the company's proposed merger with IAA, Inc. (IAA). Eminence also issued a letter to RBA shareholders highlighting the flawed and risky nature of the transaction with limited strategic logic.
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DMTTF | Hot Stocks07:52 EST Small Pharma doses first patient in first-in-human Phase 1 trial of SPL028 - Small Pharma confirms that the first subject has been dosed in a Phase I study evaluating SPL028, its deuterated N, N-dimethyltryptamine candidate, with supportive therapy in healthy volunteers. This is the first-in-human trial investigating the profile of SPL028, the Company's proprietary molecule with Composition of Matter protection. Small Pharma's preclinical studies suggest that SPL028 offers a similar safety and pharmacological profile to its lead candidate SPL026, or DMT, while being differentiated by its pharmacokinetics. The Company aims to deliver a treatment with an extended psychedelic experience in comparison to 20-25 minutes with SPL026, but still significantly shorter than the experience of other psychedelics, such as psilocybin and lysergic acid diethylamide. Through the SPL028 clinical program, Small Pharma is exploring whether an extended duration could offer a treatment tailored for other mental health conditions in addition to depression. Additionally, the pharmacokinetic profile of SPL028 offers the opportunity to explore additional routes of administration, potentially expanding patient convenience. The Phase I study is a randomized, blinded, placebo-controlled, dose-escalating study being conducted at MAC Clinical Research in Manchester, England. It is designed to evaluate the safety, tolerability, pharmacodynamics and pharmacokinetics of both intravenous ("IV") and intramuscular ("IM") administration of SPL028.
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J | Hot Stocks07:47 EST Jacobs selected for urban development project in Saudi Arabia - Jacobs and Jasara have been appointed by NEOM Company for The Line, its linear and cognitive city under development in the northwest of Saudi Arabia. A centerpiece for NEOM, The Line is designed to play a leading role in NEOM's aim of establishing itself as a new destination for global tourism, industry and innovation. Jacobs and Jasara will provide project and construction management consultancy services for the design, procurement, construction, testing and commissioning of The Line, together with the management of the critical interfaces between it and adjacent NEOM projects and logistics. The Line envisions a ribbon of hyper-connected, mixed-use communities completely powered by clean energy, where residents rely on ultra-high-speed transit, autonomous and personal mobility solutions and walking to access essential daily services.
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ZTEK | Hot Stocks07:44 EST Zentek, 1329307 BC sign LOI to spin out Albany Graphite Deposit - Zentek announcee that they have signed a non-binding letter of intent dated February 13, 2023, pursuant to which the parties have agreed to negotiate a transaction involving the transfer of Zentek's Albany Graphite Deposit in northern Ontario to an entity to be listed on a recognized Canadian stock exchange. The definitive structure of the Transaction will be determined following consultation with tax, securities and corporate advisors, provided that the parties currently intend that, following completion of the Transaction, Zentek shall retain a majority direct equity interest in SpinCo. Zentek believes that transferring the Albany Graphite Deposit asset to a separate entity will enable the Albany Graphite project to move forward with the second year of environmental baseline and hydrogeology studies, with the aim to eventually complete a prefeasibility study. Management of Zentek believes that Zentek's current share price does not fully recognize the value of the Albany Graphite Deposit, and that, by completing the Transaction, Zentek, and accordingly its shareholders, will benefit from realizing the value of the asset. The LOI was approved by the board of directors of each of Zentek and 1329307 BC Ltd. If and when a definitive binding agreement to consummate the Transaction is executed, Zentek and 1329307 BC Ltd. will issue a subsequent news release containing the details of the definitive agreement and other matters of material significance. While each of Zentek and 1329307 BC Ltd. currently expects to complete the Transaction, the completion of the Transaction will be subject to several conditions, including but not limited to, receiving all required shareholder, regulatory, stock exchange and other corporate and third-party approvals. As such, there can be no assurance that the Transaction will be completed as proposed, or at all.
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PXMD | Hot Stocks07:40 EST PaxMedica anticipates multiple milestones in next 12-14 months - PaxMedica released a 2022 shareholder letter, which read in part, "2022 was an exciting year for PaxMedica. We reached several important milestones, and anticipate several others as we progress through 2023. PaxMedica's most important objective is to initiate PAX-101 clinical trials for the treatment of Autism Spectrum Disorder in the U.S. To achieve that primary objective, we are following a well-thought-out strategic path, comprised of key goals that will help accelerate us towards our primary objective. The past year was highlighted by our transition to a public company, after our Initial Public Offering in August 2022. This was an important milestone that will increase our corporate visibility, broaden awareness of PaxMedica in the investment community, and provide trading liquidity for our common stock. Thanks to our IPO, we raised $6.8 million in new capital. We have continued to raise capital for future operations and in November the company executed an equity investment agreement with Lincoln Park Capital, which will potentially provide up to an additional $20 million in working capital, giving the company a cash runway into 2025 based on our current operating plan, assuming we utilize the entire capacity of the Lincoln Park Capital facility. An important part of our strategy is to pursue an FDA program that provides valuable incentives for achieving an initial NDA approval as an orphan designated drug. One of the most critical steps in this process is a Phase 3 trial for HAT-301, that we initiated in November. This trial, which uses existing retrospective data that PaxMedica has exclusively licensed from key hospitals in Malawi and Uganda, is expected to advance PAX-101 towards FDA submission for the treatment of Stage 1 Trypanosoma Brucei Rhodesiense Human African Trypanosomiasis. This rare and fatal form of sleeping sickness has been the clinical target indication for suramin since it was first discovered in the early 1900s. We expect final results for the HAT-301 study in the second half of 2023. This is important because, if this trial is successful, we expect to seek accelerated approval for an NDA for PAX-101 as the first treatment for HATr approved under the U.S. Rare Tropical Disease Priority Review Voucher program. The Company expects to monetize a Priority Review Voucher, if received. We believe that this has the potential to be the fastest route to generate funding to complete a comprehensive clinical program for the use of PAX-101 for core symptoms of autism spectrum disorder and other neurodevelopmental conditions. We are in the process of establishing a commercial supply chain for PAX-101, which we expect to use for future regulatory filings, and future clinical needs...As you can see, PaxMedica made great strides in 2022 and we're poised to achieve a number of additional milestones over the next 12-24 months. With a strong management team, a lean cost structure, ample flexible funding, and a clear path forward, we believe that PaxMedica is well-positioned to achieve its goals."
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NYAX | Hot Stocks07:40 EST Nayax, TIBA partner to provide EV drivers with convenient charging solution - Nayax announced that EV Meter, an innovative electric vehicle charging research and development business, powered by Nayax, is partnering with TIBA, a dominant leader in the parking solutions industry. The project aims at providing EV drivers with a convenient and complete EV charging and payment solutions, initially in the United States, and then globally in Europe, Australia, and New Zealand. "EV Meter and TIBA will offer a seamless customer experience where drivers can use open loop payment systems to pay for their charging in one transaction. It will also offer the parking operator special tools to increase their charging stations availability," the company said.
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ROC | Hot Stocks07:38 EST ROC Energy Acquisition files registration form for business combination - ROC Energy Acquisition and Drilling Tools International, an oilfield services company that rents downhole drilling tools, announced that ROC filed a registration statement with the SEC on February 14, which contains a preliminary proxy statement/prospectus in connection with the proposed business combination between ROC and DTI. While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides information about ROC and DTI, as well as the proposed business combination. On February 13, ROC entered into a definitive agreement for a business combination with DTI. The transaction is expected to be completed in Q2 and is subject to approval by ROC's shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions.
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DFLI | Hot Stocks07:36 EST Dragonfly Energy announces Dragonfly IntelLigence product line - Dragonfly Energy announces its new Dragonfly IntelLigence product line, making ABYC, American Boat and Yacht Council, compliant lithium power systems possible. The benefits of Battle Born Batteries with Dragonfly IntelLigence technology include smart communication, hybrid system balancing, advanced monitoring, and safety alerts. In addition, the Dragonfly IntelLigence ION accessory adds easily configurable features that allow for power systems to comply with the new ABYC E-13 Standards for Lithium-ion Batteries. "It's no secret that the marine industry has been dealing with the benefits and challenges of lithium-ion batteries for years," said Dr. Denis Phares, CEO of Dragonfly Energy. "The potential for flammability is a notable concern along with the talk in the insurance industry of increased premiums due to safety concerns. Our goal is to deliver a safer and more reliable solution for the marine environment, and that means ensuring compliance with the new industry standards of ABYC E-13. Our ability to ensure compliance using our lithium-ion batteries provides increased security and peace of mind. The marine industry is looking for options especially as there continues to be an emphasis on greener solutions and reliability. In advance of the requirements later this year, our new technology allow technicians to complete a safe and well-designed installation."
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CLXT | Hot Stocks07:36 EST Calyxt files Form S-4 in connection with merger with Cibus Global - Calyxt and Cibus announced that Calyxt has filed a registration statement on Form S-4 with the U.S. SEC on February 14. The combined company is expected to be renamed Cibus and remain listed on the Nasdaq Capital Market under the proposed ticker symbol CBUS. The Registration Statement contains a preliminary proxy statement / prospectus in connection with the previously announced merger of Calyxt and Cibus. Although the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Calyxt and the proposed transactions.The entering into a definitive merger agreement was announced on January 17. The merger is expected to close in the second quarter of 2023, subject to customary closing conditions, including approval of the merger by the shareholders of Calyxt.
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ARWR | Hot Stocks07:35 EST Arrowhead gets full rights to ARO-PNPLA3 to treat patients with NASH - Arrowhead Pharmaceuticals (ARWR) announced that it has gained rights to ARO-PNPLA3, formerly called JNJ-75220795, which was part of a 2018 research collaboration and option agreement between Arrowhead and Janssen Pharmaceuticals , one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ). ARO-PNPLA3 is an investigational RNA interference, RNAi, therapeutic developed using Arrowhead's proprietary TRiMTM platform and designed to reduce liver expression of patatin-like phospholipase domain containing 3, PNPLA3, as a potential treatment for patients with non-alcoholic steatohepatitis. ARO-PNPLA3 is currently in a Phase 1 clinical study. PNPLA3 has strong genetic and preclinical validation as a driver of fat accumulation and damage in the livers of patients who carry the common I148M mutation. "We are impressed by the initial Phase 1 clinical data for JNJ-75220795, now called ARO-PNPLA3. We understand that Janssen is undergoing a strategic R&D portfolio review and subsequently advised us of their decision to return full rights to this promising NASH candidate back to Arrowhead," said Christopher Anzalone, Ph.D., Arrowhead's president and CEO. "ARO-PNPLA3 is a potentially complementary addition to our growing pipeline of RNAi candidates in the cardiometabolic space. We look forward to the availability of additional data on ARO-PNPLA3 as we design a Phase 2 study and assess options for communicating full Phase 1 results."
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CBOE | Hot Stocks07:34 EST Cboe Global Markets to launch Cboe One Options Feed - Cboe Global Markets announced it expects to launch the Cboe One Options Feed, beginning March 1, subject to regulatory approval. Through a single market data feed, the new data offering will provide a comprehensive, real-time view of U.S. options pricing derived from the largest U.S. options exchange operator. The new Cboe One Options Feed will deliver real-time quote and trade information consolidated from all four Cboe U.S. options exchanges by aggregating the best bid and offer of all displayed orders for equity, ETF and index options traded on the four exchanges.
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HUGE | Hot Stocks07:31 EST FSD Pharma regains compliance with Nasdaq - FSD Pharma announced that the company has received confirmation from The Nasdaq Stock Market that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2) and currently meets all other applicable criteria for continued listing.
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LASE | Hot Stocks07:25 EST Laser Photonics receives CDHR/FDA renewal approval for CleanTech products - Laser Photonics announced it recently received an annual approval by the Center for Devices and Radiological Health and the Food and Drug Administration, for its entire CleanTech line of products. With stringent regulations implemented by both the CDHR and FDA, Laser Photonics received accessions numbers 1911289-000 & 20R0078-000 covering its entire CleanTech line of products, achieving the gold standard for safety with laser-based cleaning systems.
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GFAI | Hot Stocks07:24 EST Guardforce closes asset acquisition of Kewei's robot business - Guardforce AI announced it has closed the acquisition with Shenzhen Kewei Robot Technology Company to acquire certain of Kewei's robot business assets in China. The acquisition includes the transfer of certain equipment, clients in the sales pipeline, related sales channels and staff, as well as rights to the permanent use of its patents. The definitive agreement was signed on December 21, 2022, and the total purchase price for this acquisition was $2.1M. The acquisition was originally expected to be paid fully in the form of 10,500,000 restricted ordinary shares of the Company based on $0.20 per share. With the approval of Guardforce AI's special shareholder meeting on January 31, 2023 for a reverse split of a 1:40 ratio, the acquisition will be paid in restricted ordinary shares of the Company based on $8.00 per share on a split adjusted basis. Olivia Wang, Chairwoman and Chief Executive Officer of Guardforce AI, commented, "As a growing RaaS solution provider, the newly acquired robot assets and rights to patents are expected to further strengthen our capabilities in developing robotic solutions for our customers. Moreover, with an expanded global footprint and growing AI resources, we look forward to further expanding our RaaS solutions such as AIoT robot advertising, AI-based support for hotels, and other uses of AI services, especially within the tourism industry where we are witnessing rapid growth in demand."
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AUUD | Hot Stocks07:23 EST Auddia appoints Tim Ackerman as CFO - Auddia announced the appointment of Tim Ackerman to the role of Chief Financial officer, CFO. Ackerman succeeds Brian Hoff, who resigned November 4, 2022, and has been serving as a consultant since his departure. Ackerman brings over twenty years of finance and operational experience in the software and services industry spanning both publicly traded and privately held companies. His Auddia appointment follows Premier Crop Systems where he served as Chief Financial Officer and board member prior to its sale in 2022.
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CNCE | Hot Stocks07:22 EST Concert: FDA keeps 'Breakthrough Therapy' designation for deuruxolitinib - Concert Pharmaceuticals announced that, after a recent review of deuruxolitinib clinical data by the U.S. Food and Drug Administration , the FDA determined that deuruxolitinib will maintain its Breakthrough Therapy designation. Deuruxolitinib, an oral Janus kinase,JAK, inhibitor, is being developed for the treatment of adult patients with moderate to severe alopecia areata. In light of the FDA approval of a different JAK inhibitor as the first treatment for alopecia areata, the FDA previously notified Concert that it was reviewing the Breakthrough Therapy designation previously granted for deuruxolitinib. At the FDA's request, Concert submitted additional clinical data and justification to support the continued eligibility of deuruxolitinib for the designation. The FDA has now informed Concert that, after reviewing these data, the Breakthrough Therapy designation criteria continue to be met at this time.
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HSDT | Hot Stocks07:22 EST Helius Medical showcasing PoNS Therapy at APTA CSM - Helius Medical will be showcasing its Portable Neuromodulation Stimulator technology at the American Physical Therapy Association Combined Sections Meeting At this year's CSM, Helius will not only inform on the benefits of PoNS Therapy but, for the first time, offer on-site training to teach physical therapists how to apply it. From Feb. 23-25, 2023, visitors to booth 1101 at the San Diego Convention Center will learn about Helius's PoNS device, which delivers electrical impulses through nerve fibers on the tongue, stimulating the flow of neural impulses to brain structures that control gait and balance. This cascade of activity results in a neuromodulatory effect, essentially "rewiring" parts of the brain and, when combined with exercise, helps people with MS improve their ability to walk.
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COYA | Hot Stocks07:21 EST Coya Therapeutics expands exclusive COYA 301 rights agreement with ARScience - Coya Therapeutics announced expansion of its exclusive worldwide rights for the development and commercialization of COYA 301, the company's low-dose IL-2 subcutaneous administration product candidate. Under the expanded terms of the agreement with ARScience Biotherapeutics, Coya has been granted the rights to develop and commercialize COYA 301 as a monotherapy for the treatment of multiple autoimmune diseases. These additional rights expand on the rights provided in the original license which allowed Coya to develop and commercialize the product candidate as monotherapy for a number of neurodegenerative conditions and as a combination Treg-based therapy across multiple therapeutic areas.
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AQUA | Hot Stocks07:20 EST Evoqua Water to divest carbon reactivation, slurry operations to Desotec - Evoqua Water announced that it has entered into a definitive agreement to divest its carbon reactivation and slurry operations to Desotec. The agreement, which includes the product line's workforce, reactivation facilities and associated equipment in Darlington, Pennsylvania, and Parker, Arizona, and the reactivation and carbon vessel manufacturing facility in Red Bluff, California, is expected to close during Evoqua's third quarter of fiscal 2023, which ends June 30, 2023, subject to customary terms, regulatory approvals, and closing conditions. Gross proceeds upon closing of the transaction are anticipated to be approximately $100M. The sale of the carbon reactivation and slurry business will allow Evoqua to focus on its core service business, which includes carbon services and the sale of high-quality activated carbon. After close, Evoqua will enter into a supply agreement with Desotec for reactivated carbon to continue to service its customers. Carbon is typically used in municipal and industrial applications to remove organic and inorganic contaminants from water sources.
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CLMB | Hot Stocks07:20 EST Climb Channel Solutions partners with LogicGate - Climb Channel Solutions partners with LogicGate. LogicGate enables resellers to offer a holistic governance, risk management, and compliance solution enabling their customers to solve all their GRC needs in one solution, while providing the flexibility to adapt to an ever-changing Risk landscape. Climb's partnership with LogicGate will help multinational organizations navigate global security and privacy concerns by developing holistic, centralized, and connected GRC programs.
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SBIG | Hot Stocks07:19 EST SpringBig collaborates with Flowhub to introduce two-way loyalty integration - springbig introduced a new integration with Flowhub, the leading cannabis software company for dispensaries. The Company's latest feature utilizes Flowhub's Maui to simplify the checkout process, allowing customers to track their rewards on the go or in store. "springbig and Flowhub share a common goal of using technology to enhance the cannabis marketplace for retailers and consumers," said Jeffrey Harris, CEO of springbig. "The introduction of this integration will improve retail efficiency and allow customers to engage with the rewards program at their convenience."
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NVCR | Hot Stocks07:18 EST Novocure: Final patient enrolled TTFields combo study to treat pancreatic cancer - Novocure announced that the final patient has been enrolled in the pivotal PANOVA-3 study evaluating the efficacy of Tumor Treating Fields, TTFields, together with nab-paclitaxel and gemcitabine for treatment of patients with locally advanced pancreatic cancer. "There is a severe unmet need for patients with pancreatic cancer," said Asaf Danziger, Novocure's Chief Executive Officer. "Each year in the U.S. alone, approximately 43,000 people are diagnosed with unresectable pancreatic cancer; however, the five-year survival rate remains stagnant at just 10%. The completion of the PANOVA-3 study marks a critical milestone for our company and potentially for patients suffering from this deadly disease. We are proud to be adding to the evolving clinical research and are excited at the prospect of improving patient survival." Following the completion of enrollment, an independent Data Monitoring Committee will conduct a pre-specified interim analysis pursuant to the trial protocol. Patients will be followed for a minimum of 18 months.
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BVN | Hot Stocks07:18 EST Regulus acquires 70% interest in Colquirrumi claims - Regulus Resources announced that it has acquired a 70% interest in the Colquirrumi claims. The Colquirrumi claims will be held by a joint-venture with 70% belonging to Regulus and 30% belonging to Compania Minera Colquirrumi S.A., a wholly owned subsidiary of Buenaventura. Regulus will be the operator of the joint venture. The Colquirrumi claims represent approximately 2,571 hectares of mineral rights in a prolific mining district, adjacent to and interfingered with Regulus' AntaKori property. Regulus had the right to earn up to a 70% interest in the claims by completing 7,500 m of drilling. Buenaventura retained a one-time claw-back whereby it could retain a 70% interest in the claims by paying Regulus $9,000,000 and granting Regulus a 30% interest. Buenaventura did not elect to trigger its claw-back right. Less than 5% of the Colquirrumi claims have been properly explored, however several encouraging mineralized areas were discovered in Regulus' drill program. Selected highlights of the mineralization encountered can be found below: Hole AK-22-051: 171.95 m of 0.34% Cu, 0.39 g/t Au, 5.58 g/t Ag and 1.41% Zn from 337.35 m depth; 138.30 m of 0.23% Cu, 0.45 g/t Au and 4.27 g/t Ag from 588.90 m depth. Hole AK-22-050: 247.10 m of 0.34% Cu, 0.25 g/t Au and 9.58 g/t Ag from 283.20 m depth; 49.45 m of 0.58% Cu, 0.31 g/t Au and 19.72 g/t Ag from 418.90 m depth. Hole AK-21-047: 286.80 m of 0.29% Cu, 0.21 g/t Au and 7.70 g/t Ag from 383.80 m depth
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HILS | Hot Stocks07:18 EST Hillstream BioPharma regains compliance with Nasdaq listing minimum bid price - Hillstream BioPharma announced that it has regained compliance with the Nasdaq listing minimum bid price requirement for continued listing on the Nasdaq Capital Market exchange. "Ever since our IPO, our Nasdaq listing is an important underlying component of our capital markets strategy," said Randy Milby, CEO of Hillstream. "Although we don't control our share price, we remain ever steadfast and working as diligently as possible to advance our therapeutic candidates and execute on our business plan."
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RPRX | Hot Stocks07:17 EST Royalty Pharma sees FY23 adjusted cash receipts view $2.375B-$2.475B - Royalty Pharma expects 2023 Adjusted Cash Receipts(1) (non-GAAP) to be between $2,375 million and $2,475 million, excluding a potential $475 million milestone related to FDA approval of intranasal zavegepant and transactions announced subsequent to the date of this release. This guidance represents underlying growth of 4% to 9% prior to payments related to the Biohaven Preferred Shares in 2022.
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ADI | Hot Stocks07:15 EST Analog Devices: Demand remains resilient in Industrial and Automotive markets - "ADI continues to execute exceptionally well with revenue growth of 21% year-over-year and record earnings per share," said Vincent Roche, CEO and Chair. "Encouragingly, despite the macro uncertainty, demand remains resilient in our Industrial and Automotive markets, driven by continued momentum across secular growth areas, such as automation and electrification." Roche continued, "Looking ahead, pervasive sensing, AI-driven edge computing, and ubiquitous connectivity are enabling new capabilities, applications, and markets at the Intelligent Edge. ADI, the bridge between the physical and digital worlds, is well-positioned to deliver breakthrough innovations that positively impact society and unlock long-term value for all stakeholders."
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INVE | Hot Stocks07:14 EST Identiv enters exclusive agreement with Trace-ID - Identiv has signed an exclusive strategic agreement with Trace-ID, a Spain-based leading provider of UHF RFID technology and solutions, to become the exclusive provider for Trace-ID's complete line of specialty and industrial UHF RFID across North America.
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WKME | Hot Stocks07:12 EST WalkMe appoints Hagit Ynon as CFO - WalkMe announced the appointment of Hagit Ynon as CFO. Ms. Ynon assumes the role after serving as WalkMe's interim CFO for the past six months and EVP of Finance & Operations during the three years prior.
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ALVR | Hot Stocks07:11 EST AlloVir announces final results on posoleucel study to treatf BK viremia - AlloVir announced positive final results from a Phase 2 study of posoleucel, an investigational, allogeneic, off-the-shelf, multi-virus-specific T cell therapy, being studied for the treatment of BK viremia in adult kidney transplant recipients. The data support the safety and antiviral activity of posoleucel in this population, which has no effective BKV treatment options. In the randomized, double-blind, placebo-controlled study, posoleucel was shown to be generally well tolerated, with balanced safety across the two posoleucel dosing groups and placebo. Patients who received posoleucel achieved a clinically meaningful greater decline in BK viral load compared with those receiving placebo. The study results showed an even greater antiviral effect with posoleucel in patients with BK viral load =10,000 copies/mL at screening and in the biweekly posoleucel dosing group, identifying a dosing regimen and patient population to advance into a future trial. "BKV is one of the most feared transplant-associated viral infections, due to the lack of available effective antiviral therapies and its profoundly negative impact on transplant outcomes," said Anil K. Chandraker, M.D., Director of Renal Transplant Medicine, Brigham and Women's Hospital, and principal investigator of the posoleucel BKV treatment study. "The safety profile of posoleucel and its antiviral activity, which is amplified in high viral load patients who have the greatest unmet need, suggest it could potentially offer a transformative treatment option for kidney transplant patients with BK viremia." "
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HCSG | Hot Stocks07:10 EST Healthcare Services suspends quarterly dividend, announces 7.5M share repurchase - The company also announced that, as part of a comprehensive rebalancing of its capital allocation strategy, its board of directors has suspended the quarterly cash dividend on its common stock and authorized the repurchase of up to 7.5M shares of its common stock.
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ADI | Hot Stocks07:09 EST Analog Devices declares dividend of 86c per share - The ADI Board of Directors has declared a quarterly cash dividend of 86c per outstanding share of common stock. The dividend will be paid on March 8, to all shareholders of record at the close of business on February 27.
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DNA | Hot Stocks07:06 EST Ginkgo Bioworks to lead pathogen monitoring program at Kigali Airport, Rwanda - Ginkgo Bioworks and the Rwanda Biomedical Centre announced a one-year pathogen monitoring program at Rwanda's Kigali International Airport to identify new and emerging variants of SARS-CoV-2. Through this program, Ginkgo's biosecurity and public health unit, Concentric by Ginkgo, will collaborate with RBC to monitor wastewater samples from arriving aircraft and nasal swab samples, collected on a voluntary, anonymous basis from arriving international travelers, for SARS-CoV-2. The program aims to provide critical public health insights to help inform mitigation strategies in Rwanda and globally. The program builds on Ginkgo's previously announced MOU to develop and implement biosecurity capabilities in Rwanda. Ginkgo will support the end-to-end collection and analysis workflow with materials, training and logistical support, digital platform and data reporting, as well as bioinformatics and decision support services.
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RDHL | Hot Stocks07:03 EST RedHill Biopharma announces positive FDA meeting regarding opaganib - RedHill Biopharma announced the positive outcome of a scheduled Type B meeting with the U.S. FDA for the development of opaganib for Acute Radiation Syndrome in which the FDA provided guidance on opaganib's developmental pathway to potential approval under the Animal Rule. "We are pleased to align with the FDA on the Animal Rule development pathway for opaganib for ARS. The FDA has provided very helpful guidance regarding the applicability in the case of opaganib of pivotal animal model efficacy studies in place of human clinical trials, and we plan to work closely with them to advance the development program in support of opaganib as a nuclear medical countermeasure," said Dr Mark Levitt, MD, PhD, Chief Scientific Officer at RedHill. "Given the promising data already generated with opaganib for ARS, we are set to continue collaborating with a range of U.S. agencies in addition to discussions with other governments."
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SUN | Hot Stocks07:03 EST Sunoco LP still sees 2023 adjusted EBITDA $850M-$900M - Sees 2023 growth capital expenditures of at least $150M and maintenance capital expenditures of approximately $60M.
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BLCO | Hot Stocks06:59 EST Bausch + Lomb names Brent Saunders as CEO, succeeding Joseph Papa - Bausch + Lomb announced the appointment of Brent Saunders as CEO and chair of the Board of Directors of the company, effective March 6. Concurrent with this appointment, and as previously announced, Joseph Papa will step down from his roles as CEO and director. Additionally, effective upon Saunders' appointment as chair of the Board, Thomas Ross, Sr. will become the Lead Independent Director of the Board. To facilitate an orderly transition, Saunders will join Bausch + Lomb on Feb. 16 in an advisory capacity, where he will work closely with Papa. Saunders will return to Bausch + Lomb after having served at the company as CEO from 2010 to 2013. In total, he brings more than 25 years of leadership in health care, having served in president, CEO and chairman roles, among others, at several global pharmaceutical and health care companies, including Schering-Plough Corporation, Forest Laboratories Inc., Actavis plc, Allergan plc and The Beauty Health Company.
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SAH HOG | Hot Stocks06:58 EST Sonic Automotive acquires Black Hills Harley-Davidson, terms not disclosed - Sonic Automotive (SAH) announced the acquisition of Black Hills Harley-Davidson (HOG), the world-wide preeminent Harley-Davidson dealership located in Rapid City, South Dakota and home of the Sturgis Motorcycle Rally, the largest motorcycle rally in the world.
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ACM | Hot Stocks06:56 EST Aecom awarded contract by NAVFAC with $239M ceiling - Aecom announced that it has successfully been awarded a single-award, indefinite-delivery, indefinite-quantity contract by the Naval Facilities Engineering Systems Command Pacific to deliver architecture and engineering services for the Comprehensive Long-Term Environmental Action Navy Program. Under this contract with a $239M ceiling, Aecom will perform environmental studies, investigations, and designs that address pressing environmental challenges.
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WAT | Hot Stocks06:48 EST Waters to acquire Wyatt Technology for $1.36B - Waters has entered into an agreement to acquire Wyatt Technology, a provider of light scattering and field-flow fractionation instruments, software, accessories, and services, for $1.36B in cash. The transaction is expected to close in Q2. Based in Santa Barbara, Calif., Wyatt is a privately held family company with 2022 revenues of approximately $110M. With a worldwide workforce of more than 200 employees, Wyatt has been delivering training and personal service to a global base of scientific customers. Waters will broaden Wyatt's global reach and scale, further expanding its footprint in Europe and Asia. Wyatt has a three-year compound annual growth rate of 20%, which is expected to grow low-teens over the near- to mid-term and has an existing adjusted operating margin of approximately 40%. Waters is expected to generate over $70M in annual revenue synergies by the fifth year following transaction close. The transaction is also expected to be accretive to Waters' adjusted EPS beginning in Q1 2024. The transaction is expected to deliver a high single-digit plus return on invested capital in year five, net of tax. Waters will fund this investment through cash on its balance sheet and existing borrowing capacity available on its revolving credit facility. The company will temporarily suspend its share repurchase program through the remainder of 2023 and utilize free cash flow to pay down debt.
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CHH | Hot Stocks06:47 EST Choice Hotels sees FY23 adjusted EBITDA $520M-$540M - Sees FY23 net income $245M-$265M. Domestic RevPAR for full-year 2023 is expected to increase approximately 2%, compared to full-year 2022.
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TMHC | Hot Stocks06:43 EST Taylor Morrison sees FY23 home closings 10,000-11,000 - Sees FY23 effective tax rate 25%.
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TMHC | Hot Stocks06:42 EST Taylor Morrison sees Q1 home closings 2,300-2,400 - Sees Q1 ending active community count 325-330. Sees Q1 effective tax rate 25%.
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HL | Hot Stocks06:38 EST Hecla Mining sees 2023-2025 silver equivalent production 41.0-44.0 M oz. - Production guidance for 2023-2025 includes expected production from Keno Hill. Consolidated silver production is expected to increase over the three years to reach 18.5-20 million ounces by 2025. Consolidated gold production is expected to decrease to 160-170 thousand ounces in 2023 primarily due to Casa Berardi as an increase in the underground cut-off grade will lower gold production and reduce lower margin material and lower contractor costs. Sees 2023 capital expenditures $190M-$200M. Casa Berardi's production is expected to be lower in the first half of 2023 and increase in the latter half of the year. Cash costs and AISC, each after by-product credits, per gold ounce are expected to be higher in the first half and trend lower in the second half of the year.
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HITI | Hot Stocks06:37 EST High Tide CFO Rahim Kanji to depart, Sergio Patino to succeed - High Tide announced today that the company and Rahim Kanji, CFO of the company, have mutually agreed to part ways effective February 28. To fill the vacancy following Kanji's departure, the company announced the appointment of Sergio Patino as interim CFO, effective February 28. He joined High Tide as a financial consultant in November of 2022 bringing more than 20 years of global experience across multiple industries.
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WPRT | Hot Stocks06:34 EST Westport regains Nasdaq compliance - Westport Fuel Systems announced that it has received a Bid Price Compliance Letter from the Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market notifying the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Capital Market. Accordingly, the company has regained compliance with Listing Rule 5450(a)(1), and considers this matter now closed.
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GOLD | Hot Stocks06:34 EST Barrick Gold announces new $1B share repurchase program - Barrick Gold announced that it plans to undertake a new share repurchase program to buy back additional common shares. Barrick's board of directors has authorized a new program for the repurchase of up to $1B of the company's outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. In connection with the new share repurchase program, Barrick has terminated the share repurchase program announced by the company on February 16. The company repurchased $424M in common shares under its 2022 share repurchase program.
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BCS | Hot Stocks06:33 EST Barclays targeting RoTE of greater than 10% in 2023 - Barclays is targeting a cost: income ratio percentage in the low 60s in 2023, investing for growth whilst progressing towards the Group's medium-term target of below 60%. Expects an LLR of 50-60bps in 2023, based on the current macroeconomic outlook. Expects to operate within the CET1 ratio target range of 13-14%.
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WAB | Hot Stocks06:31 EST Wabtec announces $750M share buyback plan, raises dividend 13% - Wabtec's Board of Directors announced a $750M share buyback reauthorization and a 13% increase in the quarterly dividend to 17c per share. The Board of Directors also declared a regular quarterly common dividend of 17c per share, payable on March 10 to holders of record on February 24.
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HIVE | Hot Stocks06:13 EST Hive Blockchain announces late filing of interim 2022 financial statements - Hive Blockchain announces that, as a result of an unforeseen tax notice received in relation to a European subsidiary, the company will be unable to file its interim financial statements for the three and nine months ended December 31, 2022 by February 14, 2023. The late filing is the result of providing the company adequate time to assess the potential impact, if any, of this notice on the Interim Filings. Hive anticipates filing the Interim Filings on or before February 28, 2023. In response to the reporting delay, the company has applied to the British Columbia Securities Commission for a management cease trade order restricting the company's CEO and CFO from trading the company's shares until the Interim Filings are filed and the MCTO is revoked. The Company currently expects to file the Interim Filings on or before February 21. The guidelines, among other things, require the company to issue biweekly default status reports by way of a news release for as long as the Interim Filings have not been filed. If the MCTO is granted, the general investing public will continue to be able to trade in the company's shares through the duration of the MCTO.
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GOLD | Hot Stocks06:12 EST Barrick Gold announces $1B share buyback program for next twelve months - Barrick's Board of Directors has authorized a new program for the repurchase of up to $1B of the company's outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. In connection with the new share repurchase program, Barrick has terminated the share repurchase program announced by the company on February 16, 2022. The company repurchased $424M in common shares under its 2022 share repurchase program.
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GOLD | Hot Stocks06:11 EST Barrick Gold announces $1B share buyback program for next twelve months
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MAXR | Hot Stocks06:10 EST Maxar Technologies announces completion of "go-shop" period - Maxar Technologies announced the expiration of the 60-day "go-shop" period pursuant to the terms of the definitive merger agreement to be acquired by global private equity investors Advent International. Advent has agreed to acquire all outstanding shares of Maxar common stock for $53.00 per share in cash. During the "go-shop" period, Maxar and representatives of J.P. Morgan engaged with or actively solicited alternative acquisition proposals from 36 potentially interested third parties with respect to a possible alternative transaction to the merger. Maxar did not receive any competing acquisition proposals during the "go-shop" period. The transaction remains subject to the satisfaction of customary closing conditions, including approval by Maxar stockholders and receipt of regulatory approvals. The transaction received U.S. antitrust clearance at the end of January and remains on track to close in mid-2023. Upon completion of the transaction, Maxar's common stock will no longer be publicly listed, and Maxar will become a privately held company.
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GM EVGO | Hot Stocks06:06 EST GM, EVgo to build 2,000 high power fast chargers along American highways - Pilot Company, General Motors (GM), and EVgo (EVGO) have partnered to build a coast-to-coast network of 2,000 high power 350 kW fast chargers at Pilot and Flying J travel centers along American highways. The nationwide network of up to 500 travel centers will enable long distance EV travel by connecting urban and rural communities. Today, the companies are announcing that the first 200+ chargers in this network are expected to be available for use by drivers in 2023.
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HTZ BP | Hot Stocks06:05 EST Hertz, BP to build national network of EV fast charging infrastructure - Hertz (HTZ) and bp (BP) are announcing their intention to build out a national network of EV fast charging infrastructure to accelerate the adoption of electric vehicles. Hertz and bp intend to bring charging infrastructure to Hertz locations across America, including major cities such as Atlanta, Austin, Boston, Chicago, Denver, Houston, Miami, New York City, Orlando, Phoenix, San Francisco, and Washington, DC. The charging hubs will serve rideshare and taxi drivers, car rental customers and the general public at high-demand locations, such as airports. bp aims to invest $1 billion in EV charging in the US by 2030. Hertz's objective is to make one-quarter of its fleet electric by the end of 2024.
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TSLA | Hot Stocks06:05 EST Tesla to open portion of U.S. Supercharger network to non-Tesla EVs - Tesla will make at least 7,500 chargers available for all EVs by the end of 2024, The White House said. The open chargers will be distributed across the United States. They will include at least 3,500 new and existing 250 kW Superchargers along highway corridors to expand freedom of travel for all EVs, and Level 2 Destination Charging at locations like hotels and restaurants in urban and rural locations. Additionally, Tesla will more than double its full nationwide network of Superchargers, manufactured in Buffalo, New York.
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TSLA... | Hot Stocks06:04 EST White House announces progress for national network of EV chargers - The Biden-Harris Administration on Wednesday announced its latest set of actions aimed at creating a convenient, reliable and Made-in-America electric vehicle charging network so that the great American road trip can be electrified. These steps will help the United States meet President Biden's goals to confront the climate crisis, by building a national network of 500,000 electric vehicle chargers along America's highways and in our communities and have EVs make up at least 50% of new car sales by 2030, all while advancing an industrial strategy to continue to build-out the domestic EV and EV charging industry, The White House said in a statement. Companies including Tesla (TSLA), General Motors (GM), EVgo (EVGO), Pilot, Hertz (HTZ) and bp (BP), among others, are announcing new commitments to expand their networks by thousands of public charging ports in the next two years, using private funds to complement federal dollars and putting the nation's EV charging goals even closer within reach. Tesla, for the first time, will open a portion of its U.S. Supercharger and Destination Charger network to non-Tesla EVs, making at least 7,500 chargers available for all EVs by the end of 2024. Hertz and bp are announcing their intention to build out a national network of EV fast charging infrastructure to accelerate the adoption of electric vehicles. Pilot Company, General Motors, and EVgo have partnered to build a coast-to-coast network of 2,000 high power 350 kW fast chargers at Pilot and Flying J travel centers along American highways. TravelCenters of America (TA) and Electrify America announced that they will offer electric vehicle charging at select Travel Centers of America and Petro locations, with a goal of installing approximately 1,000 EV chargers at 200 locations along major highways over the next five years. General Motors, in partnership with FLO, has announced a collaborative effort with dealers to install up to 40,000 public Level 2 EV chargers in local communities by 2026 through GM's Dealer Community Charging Program. Ford (F) has committed to installing at least one public-facing DC Fast charger with two ports at 1,920 Ford dealerships by January 2024. Reference Link
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HIVE | Hot Stocks05:26 EST Hive Blockchain announces delay to filing interim results - Hive Blockchain announced that as a result of an unforeseen tax notice received this morning in relation to one of its European subsidiaries, the company will be unable to file its interim financial statements and accompanying management's discussion and analysis for the three and nine months ended December 31, 2022 by February 14, 2023, being the date that such filings are due under applicable Canadian securities law requirements. The company said, "The late filing is the result of providing the Company adequate time to assess the potential impact, if any, of this notice on the Interim Filings. HIVE anticipates filing the Interim Filings on or before February 28, 2023. Maintaining operations in so many different jurisdictions allows us to diversify our holdings, and access low-cost green power in stable areas. However, it also brings reporting complications, as each country is subject to its own unique filing and reporting requirements and procedures. Notably, HIVE has numerous subsidiaries in each country where it has operations, and the Company requires local accounting firms and advisors, to provide an independent review while complying with local policies. To address these, HIVE continues to seek opportunities to streamline its financial processes to facilitate faster reviewing, auditing, and reporting. In response to the reporting delay, the Company has applied to the British Columbia Securities Commission for a management cease trade order (the "MCTO"), restricting the Company's chief executive officer and chief financial officer from trading the Company's shares until the Interim Filings are filed and the MCTO is revoked. The Company currently expects to file the Interim Filings on or before February 21, 2023 and will issue a press release announcing completion of these filings at such time. Until the Company files the Interim Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Order. The guidelines, among other things, require the Company to issue biweekly default status reports by way of a news release for as long as the Interim Filings have not been filed. If the MCTO is granted, the general investing public will continue to be able to trade in the Company's shares through the duration of the MCTO. We will keep investors updated as we move through this process."
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NEM | Hot Stocks05:22 EST Newmont COO Rob Atkinson to transition to new role, Natascha Viljoen to succeed - Newmont announced that Natascha Viljoen will join the company's executive leadership team as executive VP and COO upon completion of her notice period of up to 12 months. Viljoen has served as the CEO of Anglo American's platinum business in South Africa since 2020, the world's largest primary producer of platinum. Upon completion of the notice period and a planful transition, Rob Atkinson, executive VP and COO, will transition into a new role reporting directly to Tom Palmer, president and CEO.
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EBS BVNRY | Hot Stocks05:19 EST Emergent to sell travel health business to Bavarian Nordic for $380M - Emergent BioSolutions (EBS) announced that it has entered into an agreement to sell its travel health business to Bavarian Nordic (BVNRY) for a total value of up to $380M, including potential future milestone payments. Under the terms of the definitive agreement, Bavarian Nordic will acquire the rights to Vivotif, indicated for the active immunization to prevent typhoid fever, and Vaxchora, indicated for the active immunization to prevent cholera, as well as the development-stage chikungunya vaccine candidate CHIKV VLP. Bavarian Nordic will also acquire Emergent's manufacturing site in Bern, Switzerland, and development facilities in San Diego, California. Approximately 280 current Emergent employees are expected to join Bavarian Nordic as part of the transaction. Emergent will further discuss this transaction during the conference call associated with the announcement of its fourth quarter and FY22 financial results scheduled for post-market close on February 27. Upon closing of the transaction, Bavarian Nordic will pay Emergent $270M in upfront cash consideration. Additionally, Bavarian Nordic will pay Emergent up to $30M in sales-based milestones associated with the commercial products and up to $80M in development-based milestones associated with the CHIKV VLP program. The transaction is expected to close in the second quarter of 2023, subject to regulatory clearance and customary closing conditions.
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NOK | Hot Stocks05:15 EST Nokia, NTT Docomo and NTT announce two milestones on path to 6G - Nokia, NTT Docomo and NTT announced that they have achieved two technological milestones on the path to 6G. The first is the implementation of artificial intelligence, or AI, and machine learning, or ML, into the radio air interface, effectively giving 6G radios the ability to learn. The second is the utilization of new sub-terahertz, or sub-THz, spectrum to dramatically boost network capacity. The AI-native air interface and sub-THz spectrum are both critical research topics that Nokia, Docomo and NTT are exploring for future 6G networks. These technologies could pave the way for new immersive metaverse and extended reality, or XR, experiences and a new generation of mobile applications. The companies have implemented both technologies as proofs of concept at Nokia Bell Labs in Stuttgart, Germany, and Nokia and Docomo will demonstrate both technologies at Mobile World Congress in Barcelona, Feb. 27 - March 2. By pairing a AI-based learned waveform in a transmitter with a deep-learning receiver, Nokia Bell Labs, Docomo and NTT researchers were able to design and implement a learning air interface that transmits data efficiently under many different scenarios. This AI/ML-based implementation significantly reduces signaling overhead, producing up to a 30% improvement in throughput. In addition, the AI-native air interface will grant 6G networks the flexibility to adapt to the type of connection demanded by an application, device or user. For instance, a network in a factory can be optimized for industrial sensors at one moment and then reconfigured for robotic systems or video surveillance. In the public network, an AI-enhanced network can provide an optimized connection for a pedestrian in an XR session as well as an emergency vehicle traveling at high speed. Nokia, Docomo and NTT first launched their 6G collaboration in June, 2022, with the aim of jointly defining and developing key technologies for the next generation of networking.
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