Stockwinners Market Radar for February 23, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GATO | Hot Stocks20:30 EST Gatos Silver sees FY23 silver production at 7.4M-8.2M oz - The company also states: "Silver equivalent production is expected to be between 12.4 and 13.8 million ounces, at an AISC on a co-product basis of between $15.50 and $17.50 per payable ounce. Sustaining capital expenditures are estimated at $45 million, significantly lower than 2022." CEO Dale Andres says: "The 2023 production and AISC guidance is consistent with the life of mine plan disclosed in October 2022. It reflects strong and consistent operational performance for the past 18 months, and our continued confidence in the quality of the CLG asset. With the recently completed paste backfill plant, CLG is well positioned to continue debottlenecking and business improvement efforts while continuing to control costs and maximize cash flows. Our objectives for the year include further optimizing operational performance, advancing mine life extension opportunities, accelerating definition drilling on the mineralization recently discovered at depth in the new South-East Deeps zone, and continuing exploration of the extensive land package in the highly prospective Los Gatos district. We continue to be a low-cost producer with substantial cash generation potential, and the Company expects to have the financial resources to fund planned exploration and future development expenses without new dilutive equity financings."
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HCP | Hot Stocks20:11 EST HashiCorp exec sells $1.16M in common stock - In a regulatory filing, HashiCorp disclosed that its CTO Armon Dadgar sold 38K shares of common stock on February 22 in a total transaction size of $1.16M.
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U | Hot Stocks20:10 EST Cathie Wood's ARK Investment bought 458.4K shares of Unity today
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COIN | Hot Stocks20:07 EST Cathie Wood's ARK Investment bought 63.6K shares of Coinbase today
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NKTR | Hot Stocks18:55 EST Nektar down 31% afterhours after update on rezpegaldesleukin in lupus - Shares of Nektar Therapeutics are down 31.4% at $2.03 per share afterhours after the company provided Phase 2 data on rezpegaldesleukin in lupus. The company had stated that while the mid-dose level demonstrated a numeric improvement in SLEDAI-2K score as compared to placebo, the primary endpoint was not met.
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JPM | Hot Stocks18:48 EST JPMorgan CEO: Inflation 'so insidious' it could hurt growth for 10 years - Inflation could be worse than a mild recession. Jamie Dimon is speaking on CNBC.
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JPM | Hot Stocks18:45 EST JPMorgan CEO: It's possible interest rates could hit 6% - The Fed has to figure out what's the right thing in the long run. Jamie Dimon is speaking on CNBC.
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WBD... | Hot Stocks18:32 EST Warner Bros. says 'Hogwarts Legacy' sells over 12M units in first two weeks - Warner Bros. Discovery (WBD) said that "Hogwarts Legacy," a role-playing video game in the "Harry Potter" universe," has sold over 12M units and achieved $850M in sales globally in its first two weeks of launch on PlayStation 5 (SONY), Xbox Series X/S (MSFT), and PC, which surpasses all of the company's previous game launches. The game has exceeded sales records across the three platforms it is currently available on and broke records for streaming by becoming the biggest single-player game ever on Twitch with 1.28M peak concurrent viewers at launch. Hogwarts Legacy was developed by Avalanche Software and published by Warner Bros. Games under the Portkey Games label and will also be available for PlayStation 4 and Xbox One on April 4 and Nintendo Switch (NTDOY) on July 25, the company noted.
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HBM | Hot Stocks18:32 EST Hudbay Minerals sees FY23 copper production up 10% - The company states that in FY23, its "consolidated copper production is forecast to increase by 10%ii to 114,000ii tonnes in 2023, compared to 2022, with higher grades from the Pampacancha deposit in Peru. Consolidated gold production is forecast to increase by 30%ii to 285,500ii ounces, compared to 2022, due to significantly higher gold production in Peru and Manitoba. Consolidated copper and gold production is expected to further increase in 2024, similar to the previously issued guidance, and 2025 copper and gold production is expected to benefit from an extension of mining activities at Pampacancha into the first half of 2025. Approximately $65 million reduction in growth capital expenditures and exploration spending is expected in 2023 compared to 2022. Total capital expenditures are expected to decline by 13% year-over-year to $300 million in 2023. Exploration expenditures are expected to decline by 61% in 2023 as activities are focused on areas with high potential for new discovery and mineral reserve and resource expansion."
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HBM | Hot Stocks18:31 EST Hudbay Minerals reports FY22 copper production 104.2K tonnes, up 5% - The company states: "Full year consolidated copper production of 104,173 tonnes, consolidated gold production of 219,700 ounces and consolidated silver production of 3,161,294 increased by 5%, 13% and 4%, respectively, in 2022 compared to 2021."
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NSC | Hot Stocks18:27 EST Norfolk Southern says it is frustrated about East Palestine 'misinformation' - Norfolk Southern Corporation issued a statement in response to the National Transportation Safety Board's preliminary report on the East Palestine, Ohio train derailment: "Since the incident, Norfolk Southern has focused on supporting the Village of East Palestine and the NTSB throughout their investigation. NTSB investigators have worked tirelessly, and we appreciate everything they are doing. We share the NTSB Chair's frustration about the significant misinformation about the incident. Norfolk Southern will continue to support the NTSB's investigation. Their preliminary report indicates: The rail crew operated the train within the company's rules. The rail crew operated the train below the track speed limit. The wayside heat detectors were operating as designed. Once the rail crew was alerted by the wayside detector, they immediately began to stop the train. The company's wayside detectors on its network trigger an alarm at a temperature threshold that is among the lowest in the rail industry. At Norfolk Southern, our highest priority is the safety of our people and the communities and customers we serve. Under the supervision of the Federal Railroad Administration, the company has inspected all wayside detectors in the area of the incident and found they were operating as designed. Out of an abundance of caution, Norfolk Southern is now inspecting all of the nearly 1,000 wayside heat detectors on its system - on top of the regular inspection of the detectors every 30 days. We and the rail industry need to learn as much as we can from this event. Norfolk Southern will develop practices and invest in technologies that could help prevent an incident like this in the future. We will also work with the owners of the rail cars on the integrity and safety of the equipment we use. The speculation and misinformation about this incident have been extremely upsetting to the citizens of East Palestine. Norfolk Southern remains committed to the people of the community and will continue its work to help them thrive. Already, we have made significant progress in cleaning the site, engaging the community, and providing financial support for families and small businesses, all to help East Palestine."
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PZZA | Hot Stocks18:22 EST Papa John's CEO: Seeing some easing in commodity costs - In an interview on CNBC's Mad Money, Rob Lynch said despite a 40% increase in commodity costs in 2022, they are starting to ease coming into 2023. Papa John's expects North American SSS to grow 2%-4% in 2023. The company has brought in new leadership and is focused on innovation to bring in new customers. There is a real improvement in customer satisfaction, he noted.
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ALB | Hot Stocks18:00 EST Albemarle raises quarterly dividend to 40c per share - The dividend, which has an annualized rate of $1.60, is payable April 3 to shareholders of record at the close of business as of March 17. This year marks Albemarle's 29th consecutive year raising its dividend.
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BECN | Hot Stocks17:56 EST Beacon seeing 'terrific results' from acquisitions - Says supply chains "normalizing." Says continues to see a "good demand environment." Says end markets "pretty solid."
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ENPH | Hot Stocks17:53 EST Enphase Energy exec sells $1.52M in common stock - In a regulatory filing, Enphase Energy disclosed that its Chief Commercial Officer David Ranhoff sold 7.5K shares of common stock on February 21st in a total transaction size of $1.52M.
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LMT | Hot Stocks17:47 EST Lockheed Martin awarded $164.34M Army contract modification - Lockheed Martin was awarded a $164.34M modification to a contract for Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 product assurance and launcher recapitalization. Work locations and funding will be determined with each order, with an estimated completion date of May 25, 2025. U.S. Army Contracting Command is the contracting activity.
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LMT | Hot Stocks17:46 EST Lockheed Martin awarded $170M Navy contract - Lockheed Martin was awarded a not-to-exceed $170M undefinitized cost-plus-fixed-fee order against a previously issued basic ordering agreement. This order provides non-recurring engineering for flight test instrumentation modifications to four production aircraft in support of the Joint Strike Fighter Program's Tech Refresh 3 and Block 4 weapons testing objectives and ship suitability testing for the Air Force, Marine Corps, Navy, and non-U.S. Department of Defense, or DOD, program participants. Work is expected to be completed in July 2026. FY23 research, development, test and evaluation funds in the amount of $6.86M; FY23 research, development, test and evaluation funds in the amount of $6,864,218; and non-U.S. DOD participant funds in the amount of $3,024,056 will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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ALSN | Hot Stocks17:45 EST Allison Transmission increases quarterly dividend 10% to 23c per share - Allison Transmission has approved an increase in the company's quarterly dividend from 21c to 23c per share on the company's common stock and has declared a cash dividend of 23c per share on the company's common stock for 1Q23. Payment will be made on March 17 to stockholders of record at the close of business on March 6.
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CING | Hot Stocks17:44 EST Cingulate announces top-line results from CTx-1301-003 study - Cingulate announced top-line results from the CTx-1301-003 study assessing the effect of food on absorption of its lead candidate CTx-1301. CTx-1301 is a novel, investigational, trimodal, extended-release tablet formulation of dexmethylphenidate, a compound approved by the FDA for the treatment of attention deficit/hyperactivity disorder, or ADHD. The trial demonstrated that CTx-1301 can be taken with or without food. Multiple pharmacokinetic, or PK, measurements were taken and adverse events were consistent with previous findings and indicate a favorable tolerability profile. In CTx-1301-003, 23 healthy adult subjects were randomized into one of two sequences to receive a single 25 mg dose of CTx-1301 on two occasions. Both doses were administered with 8 ounces of water and frequent blood samples were obtained for a period of 28 hours after each dose in order to define the absorption and elimination profile of dexmethyphenidate. The primary PK endpoints of this study were the maximum plasma concentration achieved after each dose as well as the extent of dexmethylphenidate absorbed into the blood expressed as the area the plasma drug concentration vs. time curve, or AUC. Knowledge of these two PK parameters which definine maximum and total extent of exposure are essential for a drug's regulatory approval. Full results, including data on secondary endpoints measuring half-life and time to onset, are being submitted for presentation at a forthcoming medical meeting.
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COIN | Hot Stocks17:43 EST Coinbase debuts Ethereum L2 blockchain Base to aid developers - Earlier on Thursday, Jesse Pollak of Coinbase, said in part: "Today, we're excited to announce the testnet launch of Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps onchain. Our goal with Base is to make onchain the next online and onboard one billion users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase's onchain products and an open ecosystem where anyone can build. We're incubating Base inside of Coinbase, leveraging the last decade of our experience building crypto products, and plan to progressively decentralize the chain over time. To support the path toward decentralization, we're building Base on Optimism's OP Stack with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism. We do not plan to issue a new network token. Developers can get started building on Base today at base.org. In our Coinbase announcement, we cover what Base is. In this post, we go a little deeper into why we're building Base and how we plan to accelerate the cryptoeconomy." Reference Link
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KTOS | Hot Stocks17:41 EST Kratos Defense receives $49.57M Navy FRP contract - Kratos Defense announced that Kratos has received a $49.57M Full Rate Production, or FRP, contract for Lot 4 of the BQM-177A Subsonic Aerial Target, or SSAT, from the U.S. Navy for the procurement of an additional 55 aircraft, mission kits, certain flight consumables, and technical data.
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CDXS | Hot Stocks17:39 EST Codexis, Nestle Health Science announce interim CDX-7108 results - Codexis and Nestle Health Science announced interim results from a Phase 1 study to investigate the safety, tolerability, pharmacokinetics, or PK, and pharmacodynamics of CDX-7108. CDX-7108 is a lipase variant specifically engineered to overcome the limitations of existing pancreatic enzyme replacement therapy, or PERT. PERT is the main treatment for exocrine pancreatic insufficiency, or EPI, a debilitating condition of the GI tract that is caused by conditions that impair pancreatic function such as pancreatitis, pancreatic cancer, Crohn's disease, celiac disease, and cystic fibrosis. CDX-7108 was engineered to be highly stable to the acidic conditions in the stomach and resistant to proteases in the upper intestines. The CDX-7108 Phase 1 clinical trial is a study evaluating the safety, tolerability, and pharmacokinetics of escalating oral doses of CDX-7108 in 48 healthy adult subjects and to assess the pharmacodynamics of oral doses of CDX-7108 as part of a proof-of-concept study in 10 subjects with EPI. The interim analysis included five subjects and examined lipid absorption as measured by 13CO2 excretion. No safety issues were noted with no Serious Adverse Events, or SAE, observed and no treatment discontinuations in the Single Ascending Dose, or SAD, and Multiple Ascending Dose, or MAD, healthy subject groups. Every participant with EPI in the proof-of-concept portion of the study showed improved lipid absorption when administered CDX-7108 versus placebo. Combining the data from each participant, a significant increase in the cumulative excretion rate of 13CO2 was observed for CDX-7108 versus placebo. Codexis and Nestle Health Science expect to file an investigational new drug, or IND, application for the Phase 2 study by the end of 2023. The Phase 2 study is expected to be conducted over approximately 12 months, with topline data expected in 2025.
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VRRM COLB | Hot Stocks17:37 EST Verra Mobility to replace Columbia Banking in S&P 600 at open on 3/1 - S&P SmallCap 600 constituent Columbia Banking System (COLB) will replace Umpqua Holdings Corp. (UMPQ) in the S&P MidCap 400, and Verra Mobility Corp. (VRRM) will replace Columbia Banking System in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 1. Columbia Banking System is acquiring Umpqua Holdings in a deal expected to be completed soon, pending final closing conditions. Post-merger, Columbia Banking System will have a market capitalization more representative of the mid-cap market space.
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COLB UMPQ | Hot Stocks17:36 EST Columbia Banking to replace Umpqua Holdings in S&P 400 at open on 3/1 - S&P SmallCap 600 constituent Columbia Banking System (COLB) will replace Umpqua Holdings Corp. (UMPQ) in the S&P MidCap 400, and Verra Mobility Corp. (VRRM) will replace Columbia Banking System in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 1. Columbia Banking System is acquiring Umpqua Holdings in a deal expected to be completed soon, pending final closing conditions. Post-merger, Columbia Banking System will have a market capitalization more representative of the mid-cap market space.
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FCAP | Hot Stocks17:33 EST First Capital increases quarterly cash dividend to 27c per share - The board of directors of First Capital declared a quarterly cash dividend of 27c per share of common stock. The dividend will be paid on March 31 to shareholders of record as of March 17.
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BYND | Hot Stocks17:29 EST Beyond Meat 'encouraged' by 14% improvement in margin expansion - Says "encouraged" by 14% improvement in margin expansion. Says believes approach to plant-based items could be a boon for American agriculture. Comments taken from Q4 earnings conference call.
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HMBL | Hot Stocks17:29 EST Cannabis accessories firm Humble & Fume updates quarterly expenses - Humble & Fume reported its second-quarter fiscal 2023 financial and operating results for the six and three months ended December 31. "I want to acknowledge the effort made by our prior leadership team," said CEO Jakob Ripshtein. "The past twelve months was a challenging adjustment period for our business." In Q2, the company saw a quarter-over-quarter revenue increase of 177% in its California cannabis distribution business. Operating expenses decreased by $2M or 30% year over year in the North American accessories and Canada cannabis business and decreased by $3.5M or 27% for the six months year over year. However, increased costs of $4.4M and $8.5M relating to expanding the California cannabis distribution business for three and six months, respectively, offset these savings. "The progress we have made in addressing our inventory concerns is encouraging, but we are confident there is more we can do in this area," said Ripshtein. Gross margin improved to 17.1% compared to 11.9% in Q1 2022, thanks to driving efficiencies in the North American accessories business that reduced overall inventory by 14% or $1.5M. Ripshtein continued, "Our focus on margin-enhancing products and opportunities includes the introduction of a proactive, rigorous approach to address inventory levels further. We will concentrate on high-velocity, margin-enhancing SKUs, which are expected to provide working capital and gross profit benefits." The company's new leadership team is focused on accelerating the growth of the cannabis business, driving change management to develop effective and efficient operations, margin enhancement within the North American accessories business, and prioritizing white-label offerings to deliver a differentiated service to customers that generate accretive margins.
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BECN | Hot Stocks17:27 EST Beacon says supply chain problems easing - Says has "ample balance sheet capacity." Expects market demand to be lower in residential construction in 2023. Expects inventory to follow normal seasonality. Expects to outperform the market in 2023. Comments taken from Q4 earnings conference call.
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EGO | Hot Stocks17:25 EST Eldorado Gold sees 2023 gold production 475K-515K oz.
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PI | Hot Stocks17:23 EST Impinj director buys $2.0M in common stock - In a regulatory filing, Impinj disclosed that its director Steve Sanghi bought 16.7K shares of common stock on February 23 in a total transaction size of $2.0M.
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WISH | Hot Stocks17:18 EST ContextLogic names Joe Yan permanent CEO - ContextLogic announced that interim CEO Joe Yan has been appointed the permanent CEO of Wish, effective February 21. Yan, who has been serving as interim CEO since September 2022, has also been appointed to the company's board of directors.
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BKNG | Hot Stocks17:15 EST Booking announces $20B share repurchase authorization - On its quarterly conference call, Booking announced that its board of directors announced a new share repurchase authorization of $20B that it will begin utilizing after it completes its current authorization. The company anticipates completing the share repurchases under a cumulative $24B authorization within the next four years, assuming that travel continues to recover. The company also said it expects FY23 revenue as a percnetage of gross bookings to be about 50 basis points higher than in FY22. Booking added that January room nights are up 26% compared to 2019 or up about 60% year-over-year.
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BECN | Hot Stocks17:08 EST Beacon targets 2025 net sales of about $9B - Targets net sales CAGR of ~8% from 2021-2025. Targets about $1B in adjusted EBITDA by 2025, averaging double-digit margin from 2021-2025.
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OII | Hot Stocks17:06 EST Oceaneering sees FY23 adjusted EBITDA of $260M-$310M vs. $232.6M last year - "Based on 2022 year-end backlog, the expected meaningful increase in backlog conversion, anticipated 2023 order intake, and current market fundamentals, we are projecting our 2023 consolidated revenue to grow by more than 10%, with increased revenue in each of our operating segments, led by Manufactured Products and SSR. We expect sequential improvement in our 2023 financial results based on our expectations for: higher operating income and higher margins in our SSR, OPG, and Manufactured Products segments; slightly higher operating income and stable margins in our ADTech segment; and relatively stable operating income and margins in our IMDS segment. For the full year 2023, we anticipate generating $260 million to $310 million of EBITDA, with the incremental improvement over 2022 coming primarily from our SSR and OPG segments. At the midpoint of this range, our 2023 EBITDA would represent a 23% increase over 2022 adjusted EBITDA. We anticipate our full year 2023 to yield positive free cash flow of $75 million to $125 million. Based on current market conditions, we expect good opportunities for improved pricing and margins in our energy-focused businesses and stable pricing and margins in our government-focused businesses."
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OII | Hot Stocks17:04 EST Oceaneering sees Q1 adjusted EBITDA at $40M-$50M - The company states: "Given the higher cost of performing offshore work over the past several years, customers are increasingly planning their work to avoid periods of higher weather risk. As a result, we anticipate a first quarter seasonal impact, particularly in our OPG business. Considering this and anticipated project timing leading to higher levels of utilization in the second and third quarters, we are forecasting our first quarter 2023 adjusted EBITDA to be in the range of $40 million to $50 million. At the respective midpoints, our first quarter guidance represents a 43% increase over the comparable period in 2022 and is expected to represent a percentage of our annual EBITDA similar to the prior year. Sequentially, we project higher revenue and operating results in our Manufactured Products segment; lower revenue and operating results in our SSR, IMDS, and ADTech segments; and lower revenue and significantly lower operating results in our OPG segment."
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BKU | Hot Stocks17:02 EST BankUnited increases quarterly dividend 8% to 27c per share - BankUnited has declared a quarterly cash dividend of 27c per common share, reflecting an 8% increase from the previous quarterly cash dividend of 25c per common share. The dividend will be payable on April 28 to stockholders of record at the close of business on April 12.
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RRBI | Hot Stocks17:00 EST Red River Bancshares raises quarterly dividend by 14% to 8c per share - The cash dividend is payable on March 23, 2023, to shareholders of record as of the close of business on March 13, 2023.
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NKTR | Hot Stocks17:00 EST Nektar trading resumes
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VIR | Hot Stocks16:58 EST Vir Biotechnology shares fall over 5% after missing quarterly estimates -
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MRVL | Hot Stocks16:55 EST Marvell unveils OCTEON 10 fusion processor family for 5G networks - Marvell Technology "launched its next generation OCTEON(R) 10 Fusion family of baseband processors for 5G base stations-the industry's first in 5nm process technology. Built on the Marvell(R) OCTEON(R) 10 platform, this new family of wireless processors offers enhanced 5G feature support, energy efficiency and performance, including twice the system capacity as the previous generation. The OCTEON Fusion processors power networks that connect more than half of the world's mobile subscribers. This innovative platform, adopted by major OEMs, also includes comprehensive inline Layer 1 hardware accelerators that bring Marvell's proven performance of established 5G networks into open, virtualized Radio Access Networks. The OCTEON 10 Fusion processors are optimized for both high-performance and energy efficiency to address the growing demands of 5G applications. The product family features industry-leading Arm(R) Neoverse(TM) N2 CPU cores, a series of programmable DSP cores, and a wide range of hardware accelerators for 5G baseband, networking and security. One of the new hardware accelerators is an integrated inline AI/ML engine that enables efficient edge inferencing for RAN applications such as AI-enhanced massive MIMO beamforming."
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AIR | Hot Stocks16:54 EST AAR Corp. appoints Tracey Patterson as Chief Human Resources Officer - AAR Corp. announced that Tracey Patterson has joined the company as VP and Chief Human Resources Officer. In this position, Tracey will oversee global Human Resources, Communications, and other functions. Patterson joins AAR from Accenture, a publicly traded global professional services company. At Accenture, Patterson led the company's Global HR Operations with a team of 10,000 and complex HR initiatives for Fortune 500 clients.
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LZ | Hot Stocks16:53 EST LegalZoom jumps over 5% after quarterly report beats analyst estimates - Shares of LegalZoom are up 43c per share or 5.23% in after hours trading on Thursday to $8.65 per share.
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BECN | Hot Stocks16:53 EST Beacon targets 2025 net sales of about $9B - Targets net sales CAGR of ~8% from 2012-2025. Targets about $1B in adjusted EBITDA by 2025, averaging double-digit margin from 2021-2025.
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BECN | Hot Stocks16:51 EST Beacon expects to continue to strategically invest in initiatives - Continue to strategically invest in initiatives to drive toward Ambition 2025 targets: Expect to remain acquisitive consistent with the enhanced M&A pipeline. Continued acceleration in greenfield investment to yield at least 15 new locations in 2023. New share repurchase program of $500M inclusive of $112M remaining authorization under current program. Beacon is well-positioned for 2023 and to deliver on Ambition 2025 targets.
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BECN | Hot Stocks16:50 EST Beacon expects 2023 market fundamentals to remain stable - 2023 market outlook: Market fundamentals to remain stable, non-discretionary repair, restoration & re-roofing represents significant portion of demand. Single-family new construction activity expected to be subdued in H1'23. While the recent ABI reading is slightly below 50, booking activity remains healthy & backlog provides continued support.
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AAL BA | Hot Stocks16:46 EST American Airlines chairman Doug Parker to retire, Greg Smith to succeed - American Airlines (AAL) announced that Greg Smith has been named independent chairman of the company's board of directors, effective April 30. Smith will succeed Doug Parker, who will retire from the board at that time. Smith's appointment is part of the board's long-term succession planning process. Smith joined American's board in January 2022 after a more than 30-year career at Boeing (BA). He most recently served as Boeing's executive VP and CFO.
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MPW | Hot Stocks16:43 EST Medical Properties Trust COO McLean to retire - Medical Properties Trust announced that Emmett E. McLean, Executive Vice President, Chief Operating Officer and Secretary, will retire from the company effective September 1, 2023, after more than 20 years of service. "Emmett brought a wealth of experience to MPT from his career in the health care services industry where he served in senior financial positions and we have all benefited from his expertise," said Edward K. Aldag, Jr., MPT's Chairman, President, and Chief Executive Officer. "Beyond his organizational and management skills, Emmett is a great man with a servant's heart. He delights in giving back to his community and his contributions to Birmingham and its surrounding areas are immeasurable."
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CENX | Hot Stocks16:42 EST Century Aluminum sees Q1 adjusted EBITDA $10M-$15M - The company expects first quarter Adjusted EBITDA to range between $10 to $15 million based on improved power and other input costs, partially offset by lagged LME, delivery premiums, volume and mix.
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ESS | Hot Stocks16:42 EST Essex Property Trust raises annual dividend 5% - Essex Property Trust announced that its Board of Directors has approved a 5.0% increase to its annual cash dividend. This represents the Company's 29th consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.31 per share, payable on April 14, 2023 to shareholders of record as of March 31, 2023. On an annualized basis, the dividend represents a distribution of $9.24 per common share.
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WBD | Hot Stocks16:41 EST Warner Bros. Discovery reports Q4 cash provided by operating activities $2.85B - Reports free cash flow $2.48B. Ended Q4 with $3.9B of cash on hand, $49.5B of gross debt, and 5.0x net leverage.
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TPB | Hot Stocks16:40 EST Turning Point Brands raises quarterly dividend 8% to 6.5c per share - The Board of Directors of Turning Point Brands declared a regular quarterly dividend of $0.065 per common share. This is an 8% increase over the regular quarterly dividend declared in November 2022. The dividend is payable on April 7, 2023, to shareholders of record on the close of business on March 17, 2023.
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WBD | Hot Stocks16:40 EST Warner Bros. Discovery reports 96.1M global DTC subscribers at end of Q4 - Global DTC subscribers increased 1.1M to 96.1M at the end of Q4 versus 95M subscribers at the end of Q3, helped in part by the re-launch of HBO Max on Amazon Channels in December 2022.
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BCML | Hot Stocks16:39 EST BayCom raises quarterly dividend 100% to 10c per share - BayCom announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock, which represents an increase of 100% over the $0.05 per share quarterly dividend declared on November 16, 2022. The cash dividend will be payable on April 14, 2023 to shareholders of record as of the close of business on March 10, 2023.
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NKTR LLY | Hot Stocks16:39 EST Nektar reports Phase 2 data on rezpegaldesleukin in lupus - Nektar (NKTR) announced topline data from a Phase 2 study of rezpegaldesleukin, or Rezpeg, in adults with moderately-to-severely active systemic lupus erythematosus - SLE - despite receiving standard-of-care treatment. Rezpeg is an investigational, potential first-in-class selective regulatory T-cell inducing IL-2 conjugate designed to treat select autoimmune diseases. The primary endpoint of the Phase 2 study was a 4-point reduction in the SLEDAI-2K score in pre-defined study populations. Although the mid-dose level demonstrated a numeric improvement in SLEDAI-2K score as compared to placebo, the primary endpoint was not met. The placebo-adjusted responses for the low- and high-doses were less than those of the mid-dose for both populations. The mid-dose level in the study also demonstrated consistent and potentially clinically meaningful improvements for the majority of secondary clinical endpoints in patients treated with Rezpeg compared with placebo. The placebo-adjusted responses for BICLA and LLDAS for the low and high doses were less than those of the mid-dose for both populations. Biomarker data demonstrated Rezpeg led to dose-dependent proliferation of T regulatory cells, which was consistent with prior studies. Lilly (LLY) has notified Nektar that they do not intend to advance Rezpeg to Phase 3 development for SLE. Nektar and Lilly plan to work together to determine next steps for the planned Phase 2b study in atopic dermatitis. Most adverse events reported were mild or moderate in severity. A dose dependent increase was observed in adverse events reported. The frequency of infections and infestations across placebo and all dose levels of Rezpeg was similar. At the high dose, discontinuations were due primarily to a higher rate of adverse events for this dose level in these patients with moderate-to-severe active lupus. Nektar entered a strategic collaboration with Lilly in 2017 to develop and potentially commercialize Rezpeg.
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RDN | Hot Stocks16:38 EST Radian Group names Sumita Pandit chief growth officer - Radian Group announced that Sumita Pandit has been appointed Senior Executive Vice President and Chief Growth Officer effective March 6, 2023. Reporting to Radian's Chief Executive Officer Rick Thornberry, she will join the company's executive leadership team and lead activities associated with developing and implementing the company's long-term strategic growth plans.
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PLD | Hot Stocks16:34 EST Prologis raises quarterly dividend 10% to 87c per share - Payable on March 31 to common stockholders of record at the close of business on March 17.
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SQ | Hot Stocks16:31 EST Block sees FY23 adjusted EBITEA at $1.3B vs. $991M in FY22 - The company states: "Based on trends in our business year to date as of earnings, we expect Adjusted EBITDA margin to expand by at least one percentage point year over year and Adjusted Operating Income margin to also expand on a year-over-year basis in 2023 compared to 2022."
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CVNA | Hot Stocks16:30 EST Carvana sees sequential reduction in retail units sold in Q1 vs Q4 - The company said: "On retail units, we currently expect a sequential reduction in retail units sold in Q1 2023 compared to Q4 2022, as we continue to normalize our inventory size, optimize marketing spend, and make progress on our profitability initiatives. Through the first seven weeks of Q1, we have averaged ~5,600 retail units sold per week. Historically, we have seen an increase in retail unit sold volume in March during tax refund season; however, unlike in past years, we have been decreasing, rather than increasing advertising, inventory, and staffing levels. As a result, we expect the increase in sales we have historically seen in tax season to be muted this year relative to past years. On GPU, we currently expect a sequential increase in Total GPU in Q1 2023 compared to Q4 2022. We expect Retail GPU to increase in Q1 due to multiple offsetting effects. First, we are quickly reducing our inventory size by purchasing fewer retail vehicles. Purchasing fewer retail vehicles means fewer low age vehicles are added to the website, which other things being equal, increases the average age of our inventory and retail units sold and reduces Retail GPU. At the same time, we expect our lower inventory size to lead to a retail inventory allowance adjustment benefit in Q1, leading total Q1 Retail GPU to be higher than Q4. We also expect a sequential increase in Other GPU in Q1 following the shift in the timing of loan sales from December 2022 to January 2023 discussed earlier in this letter."
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SQ | Hot Stocks16:30 EST Block sees combined company gross profit in January-February up 25%
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SQ | Hot Stocks16:28 EST Block reports Q4 cash app gross profit $848M vs. $518M last year - Reports Q4 adjusted EBITDA $281M vs. $184M last year.
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SQ | Hot Stocks16:27 EST Block reports Q4 gross payment volume $48.6B vs. $42.6B last year
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AKBA | Hot Stocks16:26 EST Akebia receives positive CHMP opinion in Europe for Vafseo - Akebia Therapeutics announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has adopted a positive opinion recommending the European Commission to approve Vafseo, an oral hypoxia-inducible factor prolyl hydroxylase inhibitor for the treatment of symptomatic anaemia associated with chronic kidney disease in adults on chronic maintenance dialysis. The EC will review the CHMP recommendation and deliver a final decision in approximately two months. The decision will be applicable to all 27 European Union member states plus Iceland, Norway and Liechtenstein.
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TMST | Hot Stocks16:25 EST TimkenSteel expects to report sequential increase in adjusted EBITDA in Q1
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NKTR | Hot Stocks16:25 EST Nektar trading halted, news pending
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EOG | Hot Stocks16:23 EST EOG Resources declares regular dividend, $1.00 per share special dividend - EOG's board of directors declared a dividend of 82.5c per share on EOG's common stock. The dividend will be payable April 28, to stockholders of record as of April 14. The indicated annual rate is $3.30 per share. The board of directors also declared a special dividend of $1.00 per share on EOG's common stock. The special dividend will be payable March 30 to stockholders of record as of March 16.
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BBDC | Hot Stocks16:22 EST Barings BDC announces new $30M share repurchase plan - On February 23, the Board authorized a new 12-month share repurchase program. Under the program, the company may repurchase, during the 12-month period commencing on March 1, up to $30M in the aggregate of its outstanding common stock in the open market at prices below the then-current NAV per share.
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EOG | Hot Stocks16:22 EST EOG Resources sees 2023 capital expenditures of $5.8B-$6.2B - EOG said: "Total expenditures for 2023 are expected to range from $5.8 to $6.2 billion, including exploration and development drilling, facilities, leasehold acquisitions, capitalized interest, other property, plant and equipment, and excluding property acquisitions, asset retirement costs and non-cash exchanges. The capital program also excludes certain exploration costs incurred as operating expenses. The disciplined capital program is allocated across EOG's high-return, multi-basin drilling portfolio. It is anchored by steady development in the Delaware Basin, with increased activity focused on the Eagle Ford and on EOG's emerging premium plays - the Powder River Basin, South Texas Dorado and Ohio Utica Shale. About $4.4 billion of the capital program is allocated to EOG's existing and emerging premium areas. The capital program also funds investment in international plays, high-potential exploration and environmental and infrastructure projects."
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CE MITSY | Hot Stocks16:22 EST Celanese announces two JV actions with Mitsui & Co. - Celanese (CE) announced two joint venture actions with Mitsui & Co (MITSY). Celanese announced the signing of a term sheet to form a Food Ingredients JV with Mitsui, subject to customary approvals. Through this transaction, Celanese will contribute its Food Ingredients business, inclusive of assets, technology, and employees, to form a standalone Food Ingredients JV. Celanese will retain a 30 percent ownership stake in the JV and Mitsui will acquire a 70 percent ownership stake. Celanese Food Ingredients is a leading producer of acesulfame potassium (Ace-K) sweetener as well as sorbic acid and potassium sorbate preservatives. Celanese is the inventor and only Western-producer of Sunett(R) Ace-K which is a zero-calorie, high-intensity sweetener. On a pro-forma basis, the Food Ingredients business generated approximately $170 million in 2022 net sales and $45 to $50 million in 2022 EBITDA. The Food Ingredients JV will combine the leading technology, product portfolio, and backward integration of Celanese with Mitsui's long-standing positions in a variety of food supply chains across Asia and other regions. Celanese's Acetyl Chain business will continue to meet the full acetyls raw material needs of the Food Ingredients JV under a long-term supply agreement. The parties expect the transaction to close during the third quarter of 2023. Celanese expects to utilize cash proceeds from the JV formation to execute against its existing deleveraging plan. Celanese and Mitsui have also agreed on a long-term extension of their existing Fairway Methanol LLC JV which produces methanol at Celanese's Clear Lake facility. Existing JV terms and ownership were extended through 2045. Later this year, the Fairway Methanol LLC JV expects to complete a low capital capacity expansion to 1.62 million metric tons, and will begin utilizing recycled carbon dioxide (CO2) as an alternative feedstock for methanol production. An estimated 60 percent of currently vented process CO2 from the entire Clear Lake site will be transformed into sustainable methanol each year.
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BBDC | Hot Stocks16:21 EST Barings BDC raises quarterly dividend to 25c per share - Record date of March 8 with payment date of March 15.
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NOG | Hot Stocks16:20 EST Northern Oil and Gas sees FY23 production 91K-96K Boe per day - NOG anticipates approximately 91,000 - 96,000 Boe per day of production in 2023, an increase of approximately 23% at the midpoint from 2022 levels. NOG currently expects total capital spending in the range of $737 - $778 million for 2023 with approximately 46% of its 2023 budget to be spent on the Williston, 53% on the Permian, and de minimis capital on the Appalachian and other.
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FND | Hot Stocks16:18 EST Floor & Decor reports Q4 SSS up 2.5%
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STRL... | Hot Stocks16:15 EST Sterling awarded site development project from Hyundai Engineering America - Sterling Infrastructure (STRL) announced that its subsidiary, Plateau of its E-Infrastructure Solutions segment, was awarded one of its largest site development projects, encompassing over 600 acres, by Hyundai Engineering America (HYMLF). The state of Georgia continues to see significant investments in the growing electric vehicle ecosystem. The new EV battery manufacturing plant in Bartow County is one of the largest economic development projects in the state's history. Plateau was selected due to a combination of its experience, exemplary track record, and unparalleled capabilities on large-scale, schedule-intensive site development projects.
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BA | Hot Stocks16:14 EST Boeing drops 2% to $204 after WSJ report of halted Dreamliner deliveries
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EVGO | Hot Stocks16:12 EST EVgo to cut 40 employees; expects 2022 results within guidnace ranges - The company states: "EVgo announced a reorganization to direct resources towards the Company's highest priorities for 2023. Priorities include building out EVgo's public network in locations meeting its robust investment criteria, building and operating major EVgo eXtend projects on highway corridors, delivering new hubs and infrastructure projects for fleets, implementing EVgo ReNew to ensure EVgo's public network operates at the charging industry's highest standards, and continuing to develop and deploy innovative software tools to create a world-class charging experience for drivers and partners alike. Operational efficiency improvements are expected to enable EVgo to meet its growth objectives while reducing headcount by approximately 40 employees with continued hiring for operational roles. EVgo expects to report 2022 financial and operational results within the guidance ranges provided by the Company on November 2, 2022. The Company expects to provide an update on its financial performance as well as its outlook for 2023 during its fourth quarter and full year 2022 earnings call on March 15, 2023. Call details will be announced at a later date."
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BANC | Hot Stocks16:11 EST Banc of California announces transition of CFO - Banc of California announced that Lynn Hopkins, Executive Vice President and Chief Financial Officer of the Company and the Bank, would transition from the Company and step down effective March 31, 2023. Raymond Rindone, currently the Company's Deputy Chief Financial Officer and Chief Accounting Officer, has been appointed Interim Chief Financial Officer, effective March 31, 2023. Ms. Hopkins stated, "It has been a tremendous privilege to work with my exceptional colleagues at Banc of California. The work over these last three years has been highly rewarding and I am personally very gratified to have played a key role in transforming the Company to such a large extent. It has also been challenging work, and while exceptionally fulfilling, I look forward to enjoying some welcomed time with my family."
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BYND | Hot Stocks16:10 EST Beyond Meat up 15% after reporting Q4 earnings results
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PRTA | Hot Stocks16:10 EST Prothena sees FY23 cash burn of $213-$229M - The Company "expects the full year 2023 net cash used in operating and investing activities to be $213 to $229 million and expects to end the year with approximately $512 million in cash, cash equivalents and restricted cash (midpoint). The estimated full year 2023 net cash used in operating and investing activities is primarily driven by an estimated net loss of $250 to $275 million, which includes an estimated $46 million of non-cash share-based compensation expense."
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PRTA | Hot Stocks16:09 EST Prothena reports Q4 EPS 12c, consensus (47c) - Reports Q4 revenue $49.9M, consensus $29.1M. "In 2022 we meaningfully advanced our protein dysregulation portfolio as we continue our transition to a fully integrated commercial company. The foundation we established in 2022 has positioned the next 24 months as a transformational period for Prothena, with many significant clinical milestones expected across six different programs in areas of high unmet patient need," said Gene Kinney, CEO. "For PRX012, we received clearance from the FDA for our IND application and Fast Track designation was granted. We also initiated the Phase 1 SAD and MAD study for PRX012 and completed the Phase 1 SAD and initiated the MAD study for PRX005. Additionally, we presented key data on birtamimab and PRX123 at ASH and AD/PD, respectively. As we grew our organization's capabilities to prepare for the future, we also added significant strategic depth to our board of directors through the appointment of an established biotech leader, Helen S. Kim, MBA."
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FTCH | Hot Stocks16:09 EST Farfetch CFO Jordan to step down by end of 2023 - Farfetch announces that Elliot Jordan will step down by the end of 2023, after more than eight years as Chief Financial Officer. The Company will initiate a search process to identify his successor, and Mr. Jordan has agreed to serve as the Company's Chief Financial Officer through the remainder of 2023. Jose Neves, FARFETCH Founder, CEO and Chairman, said: "Elliot has been a fantastic CFO, and I very much appreciate his continued commitment to the business until the end of the year. I look forward to working with Elliot to ensure a smooth transition. We are some way off from saying our 'goodbyes' but his legacy will be formidable finance and business services teams that are part of a company that we believe is extremely well placed to continue to lead the industry and drive profitable growth - and Elliot has been an important building block of our success."
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WERN | Hot Stocks16:08 EST Werner names Chris Wikoff as CFO - Werner Enterprises announced that its Board of Directors appointed Christopher D. Wikoff to serve as Executive Vice President, Treasurer and Chief Financial Officer effective April 18, 2023. Mr. Wikoff succeeds John J. Steele, who announced his retirement plans last August.
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XNCR | Hot Stocks16:08 EST Xencor expects cash to fund operations through the end of 2025 - Based on current operating plans, Xencor expects to end 2023 with between $425 million and $475 million in cash, cash equivalents, receivables and marketable debt securities, and to have cash to fund research and development programs and operations through the end of 2025.
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SNY | Hot Stocks16:06 EST Sanofi reports FDA approves once-weekly Altuviiio - The U.S. Food and Drug Administration has approved ALTUVIIIO, previously referred to as efanesoctocog alfa, a first-in-class, high-sustained factor VIII replacement therapy. ALTUVIIIO is indicated for routine prophylaxis and on-demand treatment to control bleeding episodes, as well as perioperative management for adults and children with hemophilia A. ALTUVIIIO is the first and only hemophilia A treatment that delivers normal to near-normal factor activity levels for most of the week with once-weekly dosing, and significantly reduces bleeds compared to prior factor VIII prophylaxis. Paul Hudson, CEO, Sanofi, said: "Today's approval of ALTUVIIIO allows patients and physicians to reimagine living with hemophilia. The high sustained factor activity levels that can be achieved with ALTUVIIIO have the potential to change the hemophilia landscape. For the first time, with a once-weekly dose, powerful bleed protection is a reality for patients. Significant shifts in treatment paradigms that improve people's lives, like ALTUVIIIO, are what we have committed to delivering at Sanofi."
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KTOS | Hot Stocks16:05 EST Kratos Defense sees total FY23 CapEx $45M-$50M - Total estimated capital expenditures for 2023 are expected to be $45 to $50 million, which includes approximately $25 to $30 million for expected capital expenditures related to normal annual maintenance. In addition, the 2023 capital expenditure forecast currently includes expected outlays of $10 to $15 million associated with the continued production of Valkyrie aircraft, including our recent decision to move forward with our second serial production run of 12 next generation Valkyries. Other non-recurring, non-maintenance capital expenditures include expansion of the Company's owned satellite monitoring network and our OpenSpace product of approximately $5 to $7 million, and approximately $4 - $6 million of expected capital investments related to the GBSD program.
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OLED | Hot Stocks16:04 EST Universal Display raises quarterly dividend to 35c per share from 30c - Universal Display announced that its Board of Directors approved an increased cash dividend of $0.35 per share on the Company's common stock for the first quarter, up from the previous quarter's dividend of $0.30 per share. The dividend is payable on March 31, 2023, to shareholders of record on March 17, 2023. The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders. Future dividends will be subject to Board approval.
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EXFY | Hot Stocks16:04 EST Expensify affirms long-term guidance - The company states: "We reaffirm our long term guidance provided in connection with our fourth quarter 2021 results of 25%-35% revenue growth over a multi-year period, which assumes an eventual return to normalcy of the world economy."
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BKNG | Hot Stocks16:04 EST Booking Holdings CEO says 'proud of our company's performance' in 2022 - "Looking back at the full year of 2022, I am proud of our company's performance during what was a challenging and competitive environment. We generated our highest-ever level of revenue of $17 billion in the year, which increased 56% versus 2021 and was 13% higher than in 2019. We are encouraged by the continued strength and resiliency of demand from travelers last year and into the new year, which we believe speaks to our consumers' strong desire to use our platforms when booking their travel," said Glenn Fogel, CEO of Booking Holdings.
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EXFY | Hot Stocks16:04 EST Expensify reports Q4 EPS (4c), consensus 7c - Reports Q4 revenue $43.5M, consensus $44.4M. "We had a great year considering the challenging macroeconomic environment. The business continues to grow across multiple areas, despite volatility affecting all businesses but especially SMBs. We are heads down executing our long-term product roadmap, and could not be more excited about what we have in store. Pending an eventual return to normalcy, we remain confident with our long-term growth guidance," said David Barrett, Founder & CEO of Expensify. "I continue to contribute 100% of my salary to the employee stock purchase program and the company has been buying back company stock, so we remain very bullish on the future."
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INTU | Hot Stocks16:02 EST Intuit names Sandeep Singh Aujla as new CFO - Intuit named Sandeep Singh Aujla as Chief Financial Officer, effective August 1, 2023. Aujla has held senior finance positions at Intuit for 7 years and is currently the Senior Vice President of Finance for Intuit's largest business unit, the Small Business and Self-Employed Group (SBSEG), and for Intuit's Technology organization. Michelle Clatterbuck, who has served as CFO since February 2018, plans to step down as CFO on July 31, 2023.
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LMAT | Hot Stocks16:00 EST LeMaitre board authorizes $25M buyback
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ESM | Hot Stocks15:11 EST ESM Acquisition Corp trading resumes
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COP | Hot Stocks14:50 EST ConocoPhillips Director R.A. Walker buys $618K in company shares - ConocoPhillips Director R.A. Walker disclosed in a regulatory filing that he had purchased 6,000 shares of company stock at $103 per share on February 22, for a total transaction amount of $618,000.
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ESM | Hot Stocks14:49 EST ESM Acquisition to redeem all outstanding ordinary shares from IPO - ESM Acquisition Corporation announces that it will redeem all of its outstanding ordinary shares that were included in the units issued in its initial public offering, effective as of the close of business on March 10, as the company will not consummate an initial business combination on or prior to March 12. The per-share redemption price for the public shares will be approximately $10.20. The public shares will cease trading as of the close of business on March 9. As of the close of business on March 10, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
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IVPAF | Hot Stocks14:45 EST Ivanhoe Mines 'not aware of any company-specific reason' for decline in stock - Ivanhoe Mines announced that the company is not aware of any company-specific reason that might be contributing to the recent decline in the company's share price. Ivanhoe will release its fourth quarter and full-year 2022 financial results on Monday, March 13, the company noted. Reference Link
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FSTX | Hot Stocks14:37 EST F-star, InvoX extend end date of merger agreement to March 3 - According to a regulatory filing, F-star Therapeutics, InvoX Pharma Limited, and Fennec Acquisition on February 22 entered into Amendment No. 7 to the Agreement and Plan of Merger, dated as of June 22, 2022, and as amended, by and among the Parties and Sino Biopharmaceutical Limited, a company organized under the laws of the Cayman Islands, as "Guarantor." Capitalized terms used in this Current Report on Form 8-K without being defined herein shall have the same meanings ascribed to them in the Merger Agreement. The purpose of Amendment No. 7 is to extend the End Date of the Merger Agreement in order to provide additional time for the Parties to finalize an agreement with the Committee on Foreign Investment in the United States and to complete the ongoing tender offer whose expiration date has been extended to March 3, 2023, unless further extended. The Parties believe they are in the late stages of the approval process for a definitive agreement necessary to remove CFIUS's Interim Order and allow the transaction to close. However, there can be no assurances that the Parties will reach a final agreement with CFIUS.
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KODK NVAX | Hot Stocks14:34 EST SEC charges Stiles cousins for insider trading in Kodak stock - The Securities and Exchange Commission announced that it has charged Andrew Stiles for insider trading in the stocks of Eastman Kodak Company (KODK) and Novavax (NVAX) based on nonpublic information related to both companies' planned government partnerships to assist in the fight against COVID-19 at the height of the pandemic. The SEC also charged Andrew Stiles' cousin, Gray Stiles, of Richmond, Virginia, for insider trading in Kodak stock that netted the two more than $1.5 million in illegal profits. In a parallel action, the U.S. Attorney's Office for the Southern District of New York today announced criminal charges against Andrew Stiles and Gray Stiles. "During a time of great turmoil, Andrew Stiles is alleged to have repeatedly abused his position as a government contract consultant to generate illegal trading profits," said Joseph G. Sansone, Chief of the SEC Enforcement Division's Market Abuse Unit. "The SEC remains committed to uncovering and prosecuting those who would attempt to enrich themselves by trading on confidential information about governmental activities." Reference Link
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HHRS DCRD | Hot Stocks13:55 EST Hammerhead Resources completes combination to form Hammerhead Energy - Hammerhead Resources, a Canadian oil and gas producer, announced the completion of its previously announced business combination with Decarbonization Plus Acquisition Corporation IV (DCRD). The combined company is named Hammerhead Energy Inc. Hammerhead expects to file a final non-offering prospectus with the Alberta Securities Commission on February 24 to become a reporting issuer under the Securities Act and its Class A common shares and warrants are expected to commence trading on the Nasdaq under the ticker symbols "HHRS" and "HHRSW," respectively, and on the TSX under the ticker symbols "HHRS" and "HHRS.WT," respectively, on or about February 27. "We are excited to enter the next chapter in the progression of our business. Moving forward, we look to be a clean provider of energy that is sustainably backed by some of the best-returning and long-life assets in North America. The company now is poised with a structure and a team that we believe will facilitate both shareholder returns and a competitive growth model," said Scott Sobie, CEO of Hammerhead.
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AEP | Hot Stocks13:33 EST AEP Energy Partners, Lightsource bp sign power contract for 188 MW solar farm - Lightsource bp and AEP Energy Partners have signed a power purchase agreement for a 188 megawatt solar project located in New Carlisle about 10 miles west of South Bend, Indiana. Once complete, the Honeysuckle Solar project will generate enough clean energy annually to power 27,000 U.S. homes and will reduce carbon dioxide emissions by 204,000 metric tons each year. Lightsource bp will finance, build, own and operate the facility and sell the solar energy it generates to AEP Energy Partners under a long-term PPA. Construction of the project has been initiated on site, with commercial operation starting in 2024. South Bend based Inovateus Solar LLC is the construction contractor for the facility, with a focus on utilizing local labor for the mechanical, electrical and civil work on site.
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CFFI | Hot Stocks12:53 EST C&F Financial raises quarterly dividend 5% to 44c per share - The board of directors of C&F Financial Corporation has declared a regular cash dividend of 44c per share, which is payable April 1, 2023 to shareholders of record on March 15, 2023. This dividend represents a 5 percent increase over the prior quarter's dividend amount of 42c per share.
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CNPOF | Hot Stocks12:51 EST RIV Capital settles application initiated by JW Asset Manangement - RIV Capital announced that it has entered into a settlement agreement that has resulted in JW Asset Management consenting to the dismissal of its application related to the Company's acquisition of Etain, LLC and Etain IP. Under the terms of the settlement agreement, RIV Capital has repurchased for cancellation all RIV Capital Class A common shares currently owned or controlled by JWAM and its affiliates, amounting to 33,733,334 shares, for an aggregate purchase price of $19,625,000. RIV Capital has also reimbursed certain legal expenses incurred by JWAM as part of its application and related matters in the amount of $375,000. RIV Capital funded such amounts with cash on hand. As part of the settlement, JWAM and its affiliated funds have also withdrawn their requisition for a special meeting of the Company's shareholders currently scheduled for June 6, 2023, which meeting will be cancelled by the Company.JWAM filed the application against the Company in May 2022, soon after RIV Capital acquire ownership and control of Etain, LLC and Etain IP, LLC, owners and operators of legally licensed cannabis cultivation and retail dispensaries in the state of New York. In the application, JWAM sought a remedy requiring the JWAM Shares to be repurchased by the Company at a price of C$1.65 per share. The Company also announced that The Hawthorne Collective has advised the Company that the litigation between The Hawthorne Collective, JWAM, Jason Wild and certain related parties of JWAM has been settled. The Hawthorne Collective has advised the Company that under the settlement, in return for a withdrawal of the existing litigation and other consideration, Jason Wild and JWAM have agreed, among other things, not to take any action that would interfere with The Hawthorne Collective's agreements with the Company, or any rights set forth in those agreements.
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KRBP | Hot Stocks12:36 EST Kiromic says ISS, Glass Lewis recommend stockholders vote for all proposals - Kiromic BioPharma announces that Institutional Shareholder Services and Glass Lewis & Co. have issued recommendations that Kiromic stockholders vote FOR all three proposals at the Company's Special Meeting of Stockholders being held March 7, 2023. The proposals are: To grant authority to Kiromic's Board of Directors to execute a reverse stock split at a ratio within a range of 1-for-2 to 1-for-30; To approve the issuance of common stock to Yorkville Advisors in excess of the exchange cap of the Standby Equity Purchase Agreement dated October 13, 2022; and To approve the issuance of common stock to the investor holding the 25% Senior Secured Convertible Promissory Note in excess of the share cap contained in an agreement dated December 12, 2022.
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CB | Hot Stocks12:33 EST Chubb board to recommend dividend increase to 86c from 83c - Chubb announced that its board will recommend to shareholders at the company's annual meeting an increase in its quarterly dividend. The proposal calls for a $3.44 annual per share dividend, payable in four quarterly installments of 86c per share, compared to the current quarterly dividend amount of 83c per share. The board also declared a quarterly dividend equal to 83c per share, payable on April 10, to shareholders of record at the close of business on March 17.
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WINT | Hot Stocks12:01 EST Windtree Therapeutics announces 1-for-50 reverse stock split - Windtree Therapeutics announced that the Company's Board of Directors has approved a 1-for-50 reverse stock split of its issued and outstanding common stock. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on February 24, 2023 and the Company's common stock will open for trading on The Nasdaq Capital Market on a split-adjusted basis under the symbol "WINT". At such time, the Company's common stock will also commence trading under a new CUSIP number, 97382D 402. The Company expects that the Reverse Stock Split, which was approved by stockholders at a special stockholder meeting on February 7, 2023, will increase the market price per share of the Company's common stock, bringing the Company into compliance with listing requirements of the $1.00 minimum bid price requirement by The Nasdaq Capital Market.
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COHR | Hot Stocks12:01 EST Coherent begins trading on NYSE - Coherent announced the completion of the transfer of the listing of its common stock and its 6.00% Series A Mandatory Convertible Preferred Stock to the New York Stock Exchange from The Nasdaq Stock Market LLC. The company's common stock and 6.00% Series A Mandatory Convertible Preferred Stock ceased trading on Nasdaq at the close of trading on Wednesday, February 22, 2023. The Company's common stock and 6.00% Series A Mandatory Convertible Preferred Stock began trading on the NYSE on Thursday, February 23, 2023, under the ticker symbols of "COHR" and "IIVI", respectively. "It is exciting for us at Coherent to join the NYSE, one of the world's most prestigious trading platforms. Our company has undergone a tremendous period of transformation, and this move is part of that," said Dr. Vincent D. Mattera, Jr., Chair and CEO. "We look forward to a fruitful relationship as our company continues to grow and we deliver greater shareholder value, and we thank the Nasdaq for their support since our IPO in 1987."
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AJRD | Hot Stocks12:00 EST Aerojet Rocketdyne begins hiring at new manufacturing facility in Huntsville - Aerojet Rocketdyne said it has begun hiring for its third campus in the Huntsville, Alabama area, a massive 379,000 sq. ft. manufacturing facility the company announced last fall, enabling the company to increase manufacturing capacity for the nation's defense production needs. "Our work to power our nation's defense and equip the warfighter is more critical than ever," said Eileen P. Drake, Aerojet Rocketdyne CEO and president. "Increasing our manufacturing capability in Huntsville better positions our company to meet current and future customer demand."
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BROS | Hot Stocks12:00 EST Dutch Bros falls -15.5% - Dutch Bros is down -15.5%, or -$5.88 to $32.11.
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U | Hot Stocks12:00 EST Unity falls -16.9% - Unity is down -16.9%, or -$6.39 to $31.46.
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W | Hot Stocks12:00 EST Wayfair falls -25.3% - Wayfair is down -25.3%, or -$12.59 to $37.22.
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PR | Hot Stocks12:00 EST Permian Resources rises 13.9% - Permian Resources is up 13.9%, or $1.27 to $10.43.
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GCI | Hot Stocks12:00 EST Gannett rises 18.6% - Gannett is up 18.6%, or 48c to $3.06.
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AMAM | Hot Stocks12:00 EST Ambrx Biopharma rises 36.0% - Ambrx Biopharma is up 36.0%, or $1.64 to $6.20.
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BA | Hot Stocks11:45 EST Boeing sees completing new-build production of F/A-18 Super Hornet in late 2025 - Boeing announced that it expects to complete new-build production of the F/A-18 Super Hornet fighter aircraft in late 2025 following delivery of the final U.S. Navy fighters. "Production could be extended to 2027 if the Super Hornet is selected by an international customer," the company said. "We are planning for our future, and building fighter aircraft is in our DNA. As we invest in and develop the next era of capability, we are applying the same innovation and expertise that made the F/A-18 a workhorse for the U.S. Navy and air forces around the world for nearly 40 years," added Steve Nordlund, Boeing Air Dominance vice president and St. Louis site leader.
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DGLY | Hot Stocks11:34 EST Digital Ally regains compliance with Nasdaq minimum bid price requirement - Digital Ally announced that it received a notification letter from the Listing Qualifications Department of Nasdaq on February 23, indicating that the company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The letter from Nasdaq follows the company's 1-for-20 reverse stock split approved by stockholders on December 7, 2022 and effected on February 6, 2023, after which the closing price of the company's common stock was at least $1.00 per share for the 10 consecutive business days ended February 22.
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KEYS | Hot Stocks11:04 EST Keysight Technologies acquires Cliosoft, terms not disclosed - Keysight Technologies has acquired Cliosoft and will be adding the company's line of hardware design data and intellectual property management software tools to its portfolio of electronic design automation solutions Since its inception, Cliosoft's primary focus has been managing design data, including functional IP blocks used in integrated circuits. Cliosoft's products expand Keysight's EDA software offering to include process and data management capabilities that have been adopted by more than 400 global semiconductor and electronics systems customers. By bringing Cliosoft into its EDA business, Keysight boosts its intelligent automation software offerings with PDM as an essential component in building the foundation for more productive workflows. Keysight is extending Cliosoft's capabilities to include test data in a fabric that provides customers with a much stronger link between design and test. Keysight and Cliosoft are long-standing industry collaborators as Cliosoft SOS, a data management platform, already integrates with Keysight's Advanced Design System solution which many mutual customers currently use. The combined companies will continue to offer revision control and data and IP management solutions through EDA industry relationships, including Cadence, Empyrean, MathWorks, Siemens EDA, Silvaco, and Synopsys environments. This transaction has no material impact on Keysight's guidance for the current quarter and/or fiscal year. Terms of the transaction have not been disclosed.
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ETN | Hot Stocks10:45 EST Eaton increases quarterly dividend 6% to 86c per share - The Board of Directors of intelligent power management company Eaton declared a quarterly dividend of 86c per ordinary share, an increase of 6% over its last quarterly dividend. The dividend is payable March 24, 2023, to shareholders of record at the close of business on March 6, 2023.
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VGAS | Hot Stocks10:41 EST Verde Clean Fuels Inc trading resumes
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LION | Hot Stocks10:35 EST Lionheart III Corp trading resumes
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AGO | Hot Stocks10:31 EST Assured Guaranty establishes indirect subsidiary AG Analytics - Assured Guaranty has established a new indirect subsidiary, AG Analytics, that is developing a new municipal fintech platform for asset management firms, banks, insurance companies, and municipal advisors. The AG Analytics platform plans to offer best-in-class technology and turnkey solutions to replace fragmented data resources now in use by municipal asset managers, analysts and other market participants. Justin Land will be leading this effort as CEO of AG Analytics. The AG Analytics platform will incorporate a dynamic data-driven tool that analyzes obligor level risk and resilience for the public finance industry, which Assured Guaranty will utilize to evaluate the potential risks to obligors in its insured portfolio. In addition to making this tool available to others in the market, AG Analytics will continue to evolve its platform to encompass a wide range of fintech tools to streamline data-intensive analysis for municipal professionals.
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VGAS | Hot Stocks10:31 EST Verde Clean Fuels Inc trading halted, volatility trading pause
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ANSS | Hot Stocks10:31 EST Ansys spikes 12% after quarterly results, guidance higher than analyst estimates - Simulation software firm Ansys is up 12 % or $31.27 to $298.06 after announcing Q4 results and guidance that came in ahead of analyst estimates on Wednesday evening.
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LION | Hot Stocks10:30 EST Lionheart III Corp trading halted, volatility trading pause
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GFX | Hot Stocks10:21 EST Golden Falcon Acquisition Corp trading resumes
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ITCI | Hot Stocks10:19 EST FFJ short Intra-Cellular, says users reporting 'particularly toxic side effect' - In a recently published report, The Foundation for Financial Journalism says that, "Intra-Cellular Therapies holds itself out to both patients and investors as a fast-growing, lab coats-to-riches story... But the truth of Caplyta - and perhaps even the drug's future - may be much cloudier than Intra-Cellular is letting on. That's because Caplyta's users are making themselves heard across the internet regarding their experiences with a particularly toxic side effect... And many of them have a lot to say about a specific Caplyta side effect whereby they become uncomfortably hot after taking their first dose." According to FFJ, "Where this side effect is most visible is in the FDA's own adverse events reporting system, or FAERS." Reference Link
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VBLT | Hot Stocks10:18 EST VBL Therapeutics jumps 60% after announcing merger pact with Notable Labs - VBL Therapeutics is currently up over 50% or 6c to almost 20c per share in morning trading on Thursday. VBL Therapeutics and Notable Labs announced they have entered into a definitive merger agreement. The combined company will focus on the advancement of Notable's proprietary Predictive Precision Medicines Platform and therapeutic pipeline focused on cancer patients with high unmet medical needs.
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NNDM | Hot Stocks10:08 EST Nano Dimension urges shareholders to disregard Murchinson proxy materials - Nano Dimension sent a letter to shareholders urging them to disregard proxy voting materials issued by Murchinson and its manager, Mr. Marc Bistricer. The company said, "As previously announced on January 30th, 2023, the notice of a special general meeting of the Company's shareholders issued by Murchinson failed to comply with requirements under applicable law. Accordingly, the meeting is invalid. The Nano Dimension Board of Directors urges shareholders to take no action and disregard any materials or WHITE proxy cards they may receive. In addition, the Company filed today a lawsuit in the courts in Israel seeking a declaratory judgment that the Murchinson meeting is illegal and seeking damages in relation to Murchinson's illegal and bad faith actions. Nano Dimension will inform its shareholders if and when a valid and duly called meeting will be held. The Nano Dimension Board of Directors and management team are committed to continuing to act in the best interest of the Company and all of its shareholders and in accordance with the applicable laws and regulations, as well as with the Company's articles of association. The Company remains focused on its primary mission: to accelerate the growth of its business, leverage its unique market position and seize organic and inorganic opportunities to drive meaningful shareholder value creation. The Company initiated a $100 million share repurchase program and intends to continue its M&A strategy to create the clear AM market leader and transform AM, AME and adjacent industrial non-digitized sectors."
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CRTD | Hot Stocks10:08 EST Creatd appoints Bates to CEOBLOC advisory board - Creatd, the parent company of retail investor activist group CEOBLOC, announced the appointment of Dan Bates, CEO of Clean Vision Corporation to its Advisory Board. Bates joins the two inaugural members of CEOBLOC's advisory board: Jeremy Frommer and Martin Shen.
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NOK CMCSA | Hot Stocks10:06 EST Nokia's 5G Core selected to support Comcast's mobile connectivity efforts - Nokia (NOK) and Comcast (CMCSA) announced plans to use Nokia's 5G software and support services to provide Comcast with the capabilities to deliver new, seamless connectivity experiences to Xfinity Mobile and Comcast Business Mobile customers in its service areas across the United States. Nokia will supply Comcast with its 5G Stand Alone Core networking software, including Packet Core, delivering near zero touch automation and ultra low latency capabilities, as well as operations software and consulting services. These offerings will support Comcast's efforts to deliver enhanced 5G access to consumer and business customers in the U.S. using Citizens Broadband Radio Service and 600 MHz spectrum.
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ACDVF UAL | Hot Stocks10:04 EST Air Canada, United to offer over 260 daily transborder flights this summer - Air Canada (ACDVF) and United Airlines (UAL) announced that, through their enhanced transborder joint business agreement, they will offer industry leading capacity and new routes between Canada and the U.S. for summer 2023 - including a new United-operated flight between Washington-Dulles and Calgary and a new Air Canada-operated flight between Washington-Dulles and Vancouver. The carriers have collaboratively optimized their schedules, subject to applicable government and regulatory conditions, and added more flights to provide customers greater connectivity and more flexible flight times, with over 80 transborder codeshare routes and more than 260 daily flights.
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MNTX | Hot Stocks10:02 EST Manitex announces consolidation, rebranding across product portfolio - Manitex International announced the consolidation and refreshing of its branding across its global product portfolio. The new branding consolidates the Company's current product lines into five core categories, and better aligns our product focus under the Manitex International product families. These categories include: Manufactured lifting solutions including our comprehensive Truck Crane family of products under the Manitex and PM brands, Aerial Work Platform products under the Oil & Steel brand, Electric Industrial Crane products under the Valla brand; Rental Solutions product offering through Rabern.
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HOUS | Hot Stocks10:00 EST Anywhere Real Estate falls -12.9% - Anywhere Real Estate is down -12.9%, or -94c to $6.37.
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MYTE | Hot Stocks10:00 EST Mytheresa falls -12.9% - Mytheresa is down -12.9%, or -$1.23 to $8.30.
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U | Hot Stocks10:00 EST Unity falls -13.2% - Unity is down -13.2%, or -$4.99 to $32.86.
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LMND | Hot Stocks10:00 EST Lemonade rises 12.4% - Lemonade is up 12.4%, or $2.03 to $18.44.
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JOBY | Hot Stocks10:00 EST Joby Aviation rises 13.3% - Joby Aviation is up 13.3%, or 57c to $4.86.
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FTI | Hot Stocks10:00 EST TechnipFMC rises 13.3% - TechnipFMC is up 13.3%, or $1.76 to $14.98.
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DPZ | Hot Stocks09:47 EST Domino's Pizza falls -10.2% - Domino's Pizza is down -10.2%, or -$35.46 to $313.00.
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MYTE | Hot Stocks09:47 EST Mytheresa falls -14.1% - Mytheresa is down -14.1%, or -$1.34 to $8.19.
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AMWL | Hot Stocks09:47 EST Amwell falls -16.0% - Amwell is down -16.0%, or -58c to $3.04.
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OLO | Hot Stocks09:47 EST Olo rises 10.7% - Olo is up 10.7%, or 87c to $8.97.
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FTI | Hot Stocks09:47 EST TechnipFMC rises 11.2% - TechnipFMC is up 11.2%, or $1.48 to $14.70.
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CIVI | Hot Stocks09:47 EST Civitas Resources rises 11.2% - Civitas Resources is up 11.2%, or $6.93 to $68.98.
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ESM | Hot Stocks09:46 EST ESM Acquisition Corp trading halted, news pending
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LUNR | Hot Stocks09:43 EST LUNR Stock trading resumes
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GFX | Hot Stocks09:40 EST Golden Falcon Acquisition Corp trading halted, news pending
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LUNR | Hot Stocks09:38 EST LUNR Stock trading halted, volatility trading pause
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MYRG | Hot Stocks09:35 EST MYR Group trading resumes
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MYRG | Hot Stocks09:30 EST MYR Group trading halted, volatility trading pause
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IDT | Hot Stocks09:27 EST IDT Corp introduces Zendit platform - IDT Corporation announced the launch of its cloud-based prepaid-as-a-service platform, Zendit. Zendit will be introduced at the Mobile World Congress 2023 in Barcelona, Spain, from February 27th to March 2nd. With the Zendit platform, businesses of all sizes, entrepreneurs, and developers will be able to easily add a powerful, global monetization channel to their apps and websites - prepaid offerings curated from a global digital catalog of over 10,000 goods and services including mobile airtime top-ups, mobile data bundles, digital gift cards, and utilities.
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ZVSA | Hot Stocks09:22 EST ZyVersa Therapeutics announces new publication in translational research - ZyVersa Therapeutic announces that inflammasome researchers from the University of Miami Miller School of Medicine have published a scientific paper in the peer-reviewed journal, Translational Research. The article demonstrates that inflammasome activation and pyroptotic release of active cytokines and ASC specks following TBI is synergistic with inflammasome activation that occurs in AD, heightening the inflammatory response and worsening cognitive outcomes. Furthermore, it shows that IC 100, an inflammasome ASC inhibitor, reduces inflammasome activation that triggers the inflammatory response. "The two publications in Translational Research support the potential of ZyVersa's proprietary monoclonal antibody inflammasome ASC inhibitor IC 100 in neurological disorders," stated Stephen Glover, Co-founder, Chairman, CEO, and President of ZyVersa Therapeutics. "TBI and Alzheimer's disease are two major causes of death and disability in the United States, and individuals with a history of moderate TBI have a substantially greater risk of developing AD," Glover said.
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EZFL | Hot Stocks09:20 EST EzFill named Arbour to board of directors - EzFill has named Daniel Arbour to its Board of Directors. In addition, Arbour will provide Consulting Services in which he will act as the Company's outsourced Chief Revenue Officer. Reporting to EzFill CEO Mike McConnell, Arbour will have oversight of the Company's technology team, as well as sales and marketing to develop go-to-market strategies, pricing strategies and business models. Arbour brings more than 16 years of experience building multi-disciplinary high performance work teams and working to ensure corporate and organizational deliverables are established, most recently as the Principal and Founder of Mountain Views Strategy, a high-level management consulting firm.
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ATOS | Hot Stocks09:19 EST Atossa Therapeutics doses first patient in Phase 2 EVANGELINE study - Atossa Therapeutics announces that the first patient has been dosed in the Phase 2 EVANGELINE study. EVANGELINE is a randomized non-inferiority trial of Atossa's patented Selective Estrogen Receptor Modulator, (Z)-endoxifen, and exemestane plus goserelin as a neoadjuvant treatment for pre-menopausal women with Grade 1 or 2 Estrogen Receptor positive / Human Epidermal Growth Factor Receptor 2 negative breast cancer. Participants will receive neoadjuvant treatment for up to six months, followed by surgery. The study is expected to enroll approximately 175 patients at up to 25 sites across the United States. The primary objective of the EVANGELINE study is to evaluate the endocrine sensitive disease rate, measured by Ki-67, after four weeks of treatment with (Z)-endoxifen compared to treatment with current standard of care, exemestane plus goserelin. "We are excited to kick-off this important trial, a significant achievement in our development strategy," said Dr. Steven Quay, Atossa's President and Chief Executive Officer. "Approximately 78% of breast cancers are ER+ / HER2- and premenopausal women diagnosed with this disease need more effective and tolerable treatment options; specifically new treatments that do not require ovarian function suppression. We feel (Z)-endoxifen has the potential to change the treatment paradigm for these patients."
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PEGY | Hot Stocks09:18 EST Pineapple Energy announces progress on new-build housing strategy - Pineapple Energy announced that its subsidiary SUNation was awarded a contract with a major New York State real estate developer to outfit sustainable homes, demonstrating early traction in its strategy to enter the new-build housing market. Partnering with Baiting Hollow Development Group, SUNation plans to initially outfit 29 homes with solar, battery storage, EV charging, and energy management controls. These "net zero energy ready" homes will be built in one of the first sustainable housing developments in the region, on the north shore of Long Island in New York State. Pineapple Chief Executive Officer Kyle Udseth commented, "This is a great example of Pineapple's commitment to delivering a great customer experience and enabling environmental sustainability. To be selected as the sole clean energy provider for an entire housing development is a huge win for SUNation. This is a testament to the quality of our product offering and our reputation for white-glove customer service. This win confirms one of the reasons Pineapple partnered with SUNation...together we are committed to making an impact on the future of clean energy, and it literally starts at home."
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GFAI | Hot Stocks09:17 EST Guardforce AI awarded advertising contract for AIoT RA model in Macau - Guardforce AI announced it has signed an Artificial Intelligence of Things, AIoT, Robot Advertising, RA, contract with a local government office in Macau to promote shows, exhibitions, and forums on approximately 165 of Guardforce AI's robots for a total period of 20 weeks. Olivia Wang, Chairwomen and Chief Executive Officer of Guardforce AI, stated, "Macau is well known as being a preferred destination for meetings, exhibitions, and conventions, making it an ideal location to showcase our innovative AIoT RA model. With the ending of the Zero-Covid policy and easing restrictions on travel, Macau has witnessed significant growth in tourism, which draws natural traffic to advertisements. Our AIoT RA model, combined with the GFAI ICP capabilities, provides many distinct advantages. These benefits include the ability to deliver interactive ads, as well as display ads based on different scenarios to better address the target audience. The ability to leverage data analytics also provides advertisers with continuous feedback, thereby making it easier to refine targeting and achieve intelligent, high-quality, and cost-effective smart advertising. We look forward to accelerated growth this year through our AIoT RA model, both in Macau and other important markets around the world."
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LPLA SCHW | Hot Stocks09:16 EST LPL Financial appoints Lopez as EVP of Independent Advisory Services - LPL Financial (LPLA) announced that Julian Lopez has joined the firm as executive vice president, EVP, of Independent Advisor Services Relationship Management, effective February 21. He reports to Matt Enyedi, LPL Financial managing director, Client Success, and is based in College Station, TX. Lopez joins LPL from Charles Schwab (SCHW), where, over a 22-year period, he held several leadership roles, most recently as managing director of the Relationship Management team.
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WTW | Hot Stocks09:14 EST Willis Towers Watson launches pooled employer plan in U.S. - WTW announced the launch of its LifeSight PEP, a pooled employer plan, PEP, that simplifies 401(k) plan sponsorship for employers and improving outcomes for their employees. "We're excited to announce WTW's LifeSight PEP, which will help employers address the increasing complexities of sponsoring a defined contribution plan," said Michele Brennan, LifeSight U.S. business leader, WTW. "Designed with a commitment to innovation for improved outcomes, the LifeSight PEP will allow employers to offer a market leading defined contribution plan and employee experience with limited demand on their internal resources, enabling greater focus on strategy and core business."
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LVO | Hot Stocks09:14 EST LiveOne says PodcastOne valued betwen $230M-$274M - LiveOne received an independent, third party valuation from ValueScope, which indicates that the fair market value range of its wholly-owned subsidiary PodcastOne's equity, on a controlling, marketable interest basis, as of December 31, 2022, is reasonably stated as between $230 million and $274 million. The valuation report was obtained in connection with LiveOne's planned spin-out of PodcastOne as a separate publicly-traded company to be listed on a national exchange. Separately, LiveOne is extending the record date to March 10, 2023 to determine LiveOne's shareholders eligible to receive the planned special dividend of a portion of PodcastOne's common stock as part of LiveOne's intention to spin-out PodcastOne as a separate public company. The Company will announce the payment date of the planned special dividend subsequent to receiving from the SEC notice of effectiveness with respect to PodcastOne's registration statement previously filed on Form S-1 with the SEC, as well as obtaining final regulatory approvals. Other criteria to determine LiveOne's shareholders of record eligible for the special dividend shall be determined and announced by LiveOne at a later date. The planned spin-out, amount of the special dividend and LiveOne's shareholders' dividend eligibility shall be subject to obtaining applicable approvals and compliance with applicable rules and regulations and public market trading and listing requirements.
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MNTS | Hot Stocks09:14 EST Momentus settles consolidated securities class action lawsuits for $8.5M - Momentus has reached an agreement in principle to settle the consolidated securities class action lawsuits against the company and certain of its current and former directors and former officers pending in the United States District Court for the Central District of California captioned "In Re Stable Road Acquisition Corp. Securities Litigation, Master File No. 2:21-cv-05744". On February 10, the lead plaintiff in the Securities Class Actions and the company reached an agreement in principle to settle the Securities Class Actions for payment of $8.5M, at least $4M of which is expected to be funded by insurance proceeds. The agreement in principle remains subject to the satisfaction of various conditions, including negotiation and execution of a memorandum of understanding, final stipulation of settlement, notice to the proposed class, and approval by the United States District Court for the Central District of California. Momentus has a share repurchase agreement for a final payment to the two founders of the Company of $10M. The founders were divested from the company in January 2021 due to U.S. Government foreign ownership concerns and the company previously paid $40M for this purpose. The $10M investment, which is equivalent to the total specified in the share repurchase agreement, will provide capital to the company to meet the obligations in the SRA.
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AGRI | Hot Stocks09:13 EST AgriFORCE Growing granted patent from USPTO related to FORCEGH+ facilities - AgriFORCE Growing Systems announced it was granted a patent from the United States Patent and Trademark Officer, USPTO, titled "Structures for Growing Plants," relating to its FORCEGH+ facilities. This granted patent is among a group of applications the Company has submitted related to its FORCEGH+ facilities for controlled environment agriculture. Specifically, this granted patent has 19 claims relating to the unique features and design of its structures for growing plants including transmissive panels that maximize the full light spectrum, enhanced insulation for maximizing energy efficiency, and innovative formation of structure support materials. "This granted patent marks another milestone for AgriFORCE and further strengthens our patent portfolio in key markets," commented Ingo Mueller, Chief Executive Officer of AgriFORCE. "We believe our unique designs and technologies, deployable in virtually any climate or geography, have the potential to set a new industry standard for higher quality and higher yield crops and anticipate additional patents to be granted related to our FORCEGH+ facilities."
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API | Hot Stocks09:13 EST Agora launches AI Noise Suppression - Agora announced the launch of AI Noise Suppression, a new audio solution that removes background noise such as typing, pets, kids, coughing or room echo from meetings, leaving only the human voice. AI Noise Suppression ensures distraction-free communication, improves the quality of broadcasts and provides a more immersive audio experience.
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KD DAL | Hot Stocks09:13 EST Delta in extended pact with IT infrastructure firm Kyndryl for IT resiliency - Kyndryl (KD) announced a 5-year extended agreement with Delta Air Lines (DAL) to enhance IT resiliency and scalability. Through the extended agreement, Kyndryl will continue to help Delta run the core systems that power the airline's essential operations, including crew rostering and scheduling, as well as the system that supports Delta's maintenance documentation process. Kyndryl also supports Delta's major customer relations and loyalty programs and Delta's software for rebooking passengers from cancelled flights. With air travel near pre-pandemic levels, Delta relies on IT infrastructure with flexibility to scale and meet fluctuations in customer demand on more than 4,000 daily flights across its global network. With the support of Kyndryl, Delta continues to provide industry-leading reliability and service, and it can advance how its data is harnessed for innovation in the future.
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IPDN | Hot Stocks09:13 EST Professional Diversity Network launches Sigma Gamma Rho Sorority job board - Professional Diversity Network announced its launch of the Sigma Gamma Rho Sorority, Inc. job board https://sgrhojobs.org/.
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BIOR | Hot Stocks09:12 EST Biora Therapeutics announces bioavailability results for oral delivery of GLP-1 - Biora Therapeutics announced preliminary results from preclinical testing of its PGN-OB2 program, reporting an average bioavailability of 37% for semaglutide, a GLP-1 receptor agonist. Semaglutide is currently marketed as two subcutaneously administered formulations under the brand names Ozempic for the treatment of diabetes and Wegovy for weight management. An oral formulation of a GLP-1 molecule that uses a different delivery technology, brand name Rybelsus, is also currently marketed for the treatment of diabetes, with studies demonstrating bioavailability of less than 1%. "These results demonstrate the potential of our oral liquid jet delivery technology to deliver multiple large molecules, with first a monoclonal antibody, as we announced recently, and now a peptide both exceeding a bioavailability target of 15% set by us and our pharma collaborators for progression of the platform," said Adi Mohanty, Chief Executive Officer of Biora Therapeutics. "With strong patent protection for our liquid jet delivery platform and methods to deliver a range of drugs, including a patent that covers jet delivery of any GLP-1 receptor agonist to the small intestine, our work continues toward finalizing this next-generation device over the coming months and subsequently progressing our pharma collaborations." Biora's PGN-OB2 preclinical study included a single dose of a liquid formulation of 0.96 mg of semaglutide, a GLP-1 receptor agonist. Eight animals were dosed using the liquid jet delivery device, which was administered and activated endoscopically, as is typical in a porcine model, with comparison to a control animal with drug administered intravenously. The company expects to release detailed results in conjunction with planned presentation of the data.
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SCSC | Hot Stocks09:11 EST Scansource appoints Shana Cochrane Smith as chief legal officer - ScanSource announced the appointment of Shana Cochrane Smith as senior executive VP and chief legal officer. Smith brings more than 20 years of experience in corporate counsel and leadership roles to this position. As chief legal officer, Smith is responsible for driving ScanSource's global corporate legal strategy, overseeing all legal aspects of the company, and ensuring corporate compliance. She is also charged with providing legal counsel and support to the board of directors, CEO, and other global senior leadership on behalf of the company. Smith will report to Mike Baur, chairman and CEO, ScanSource.
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STIM | Hot Stocks09:11 EST Neuronetics expands NeuroStar Advanced Therapy's TrakStar platform - Neuronetics announced its first of several TrakStar Patient Data Management System software releases this year. In conjunction, the Company is launching a new educational campaign called "Get There FASTER with TrakStar," which will encourage current and new NeuroStar providers to unlock all the potential features of TrakStar. "It's vitally important for providers to help their patients access treatment as soon as possible when they need it. TrakStar is the only tool of its kind that allows NeuroStar providers to seamlessly connect with and manage patients throughout their treatment process," stated Cory Anderson, VP of R&D and Clinical. "As we continue to invest in TrakStar this year, the new campaign will highlight the current and future benefits it brings to our NeuroStar providers and their patients."
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KLIC | Hot Stocks09:08 EST Kulicke & Soffa acquires Advanced Jet Automation - Kulicke & Soffa has acquired Advanced Jet Automation, including the material business and assets formerly owned by its affiliate, Samurai Spirit, a developer and manufacturer of high-precision micro-dispensing equipment and solutions in Taiwan. The closure of this acquisition is expected to broaden the company's existing semiconductor, electronic assembly and advanced display portfolio, increasing opportunities across several exciting growth areas including mini and micro LED, which support both backlighting and direct-emissive approaches. The acquired dispense technology currently supports advanced backlighting production in a high-volume, high-accuracy environment and is complementary to the company's existing advanced display portfolio. This total available dispense market is projected to be $2.6B in 2026 and extends Kulicke & Soffa's 2026 total available market by over 40%, to $8.6B. AJA will operate as a business unit.
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API | Hot Stocks09:08 EST Agora launches 3D Spatial Audio - Agora announced the launch of Agora 3D Spatial Audio, a solution that allows developers to add immersive, dynamic audio into real-time digital experiences. With a few lines of code, developers can connect to Agora's 3D Spatial Audio to enable a more natural audio experience that works seamlessly with video, voice, and streaming products, replicating how sounds are heard in the real world and boosting user engagement.
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DASH | Hot Stocks09:07 EST DoorDash partners with ALDI to expand on-demand grocery delivery - DoorDash the local commerce platform, and ALDI, the grocery price leader for six years running announced a new partnership to bring on-demand grocery delivery to nearly all ALDI locations across 38 states. With the addition of ALDI, one of America's fastest-growing retailers, more than 98% of DoorDash's monthly consumers in the U.S. have access to a non-restaurant store on DoorDash. "By partnering with DoorDash, we can conveniently bring our award-winning, fresh and affordable groceries to even more of our customers' doors with the click of a button," said Scott Patton, Vice President of National Buying at ALDI. "Whether shopping for a weekly grocery haul or in need of a few extra ingredients for tonight's dinner, our customers now have another way to shop ALDI for all their grocery needs."
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VRSSF | Hot Stocks09:07 EST Verses Technologies announces General Intelligent Agent, codenamed GIA - VERSES Technologies announced a breakthrough in AI with the world's first General Intelligent Agent, codenamed GIA, designed to offer a new human-centered way for businesses and individuals to interact with technology. GIA, a General Intelligent Agent, is a next-generation personal AI assistant that is designed to learn about its users in order to better organize, manage, and optimize their digital life. GIA, the smart interface to the digital world, is a voice and text-based digital assistant that operates under a user's direction and on their behalf, searching, filtering, and summarizing information across multiple data sources. With unique features like automating data organization, predictive reasoning, and the ability to learn over time, GIA is poised to become the first intelligent all-in-one solution for anyone seeking a smarter way to organize, manage, and automate their personal and professional activities.
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ASPS | Hot Stocks09:06 EST Altisource makes $20M par paydown on term loans - Altisource Portfolio Solutions announced that it made a $20 million par paydown of the principal of the Company's term loan using proceeds from its previously announced underwritten public offering of common stock. As a result of such paydown, the payment-in-kind interest component of the term loan will be reduced to 4.5% from 5.0%, and the number of warrants granted to the term loan lenders to purchase Altisource common stock will be reduced to 2,578,743 from 3,223,851. The PIK interest rate and number of warrants are subject to a potential further reduction based on certain additional par paydowns, if any, made prior to February 14, 2024 as set forth below. Additionally, the maturity date of the terms loans can be extended, at Altisource's option, by one year to April 30, 2026 if Aggregate Par Paydowns total $30 million or more.
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RELY | Hot Stocks09:05 EST Remitly Global expands into the Middle East with UAE launch, Dubai office - Remitly Global announced it has expanded into the Middle East with the launch of its outbound remittance product in the United Arab Emirates, UAE. Remitly has also opened an office in the Dubai International Financial Center, DIFC, its first in the country. "With one of the world's largest populations of immigrants and the second-highest global volume of remittance originations, the UAE was a natural choice for us as a market for expansion," said Mohamed Mansour, Head of Region, UAE at Remitly. "Moreover, the country's advanced digitization and push towards a cashless economy makes Remitly's platform particularly relevant and well suited to the population here. I'm thrilled that this expansion will bring reliable international payments support for immigrants and their loved ones back home."
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IBEX | Hot Stocks09:05 EST Ibex named outsourcing services leader by Frost & Sullivan - ibex announced it was named a Leader by Frost & Sullivan in the 2022 Frost Radar: Customer Experience Outsourcing Services in Latin America. The Frost Radar measures CX companies based on performance in terms of growth and innovation and ranked ibex as a market leader for the second year in a row. "ibex is proud to be recognized by Frost & Sullivan as a CX Leader, which is the direct result of our unique agent-first culture, award-winning Wave X technology platform and relentless focus on delivering amazing customer experiences for our clients," said ibex CEO Bob Dechant. "As companies around the world, especially digital-born and new economy brands, look to optimize their CX for the digital world, ibex has become a partner of choice for world-class solutions that enhance customer satisfaction and retention and boost revenue."
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SHPH | Hot Stocks09:04 EST Shuttle Pharmaceuticals expands laboratory space for drug pipeline - Shuttle Pharmaceuticals has entered an agreement to lease new laboratory and office space, commencing in June, to complement the development of the company's lead drug candidates and accelerate broader diagnostic capabilities on predictive biomarkers. The new laboratory space, located in Gaithersburg, Maryland, is located within the Maryland Biotech Corridor.
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FCUV | Hot Stocks09:04 EST Focus Universal hires Mark David Hunter to investigate naked short selling - Focus Universal announce dthat it has hired former SEC Enforcement attorney Mark David Hunter to review potential violations of the laws by entities and individuals engaged in the unlawful naked short selling activities and market manipulation of the Company's stock. Mr. Hunter will counsel the Company regarding potential litigation against those engaging in or facilitating the illegal short selling, as well as a potential referral to the U.S. Securities and Exchange Commission through its Whistleblower Program. This is part of the Company's larger set of action plans and resolutions approved at the management and Board to address what might be a pervasive problem of illegal naked short selling of its stock. Based on preliminary investigations, the Company has approximately 3 million shares which are tradable and were sold into the market, most of these shares are currently locked up. Although the Company did not have any institutional holdings before August 31, 2021, institutional investors currently hold more than 6 million shares with current non-institutional investors holding more than 2 million shares. Figures also show that approximately 6 million shares have been sold short, which represents approximately 200% of the publicly tradable shares in the float. Furthermore, the Company understands that many of its long-term investors hold their shares in a cash accounts which means their shares can not be borrowed for short selling. A review of this data lends strong support to the notion that the Company has been the target of naked short selling. As part of the Company's larger goal of reducing naked short selling activity in the Company's stock, the Company has retained Mr. Hunter due to his experience in investigating and prosecuting violations of the federal securities laws, rules, and regulations. Along with the previously mentioned assistance of Shareholder Intelligence Services, the Company is able to monitor trading activity, including broker-dealers, clearing firms, and shareholder position management. This data, along with our legal counsel will identify, investigate, and prosecute any bad actors exhibiting suspicious, aberrant, and or unusual trading activity, and implement action to protect investors from illegal naked short selling. Focus also plans to further and continue investor communication as of part of action plans to combat the potential unlawful market manipulation and naked short selling activities.
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NKLA | Hot Stocks09:02 EST Nikola provides 2023 outlook - The company said, "We plan to achieve the following milestones in 2023: Complete the build of 10 gamma FCEVs by Q2 2023; Realize approximately $105,000 in cost savings in battery modules and packs for each Tre BEV truck by Q4 2023; Achieve Final Investment Decision for the Phoenix Hydrogen Hub by Q3 2023; Announce at least two refueling station partners by June; Deliver 250 - 350 Tre BEVs to dealers for the Full Year 2023; Deliver 125 - 150 Tre FCEVs in Q4 2023.
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SNPS | Hot Stocks09:01 EST Synopsys initiates $300M accelerated share repurchase agreement - Synopsys has entered into an accelerated share repurchase agreement with Bank of America to repurchase an aggregate of $300M of Synopsys stock. Synopsys will receive an aggregate initial share delivery of approximately 718,000 shares, with the remainder, if any, to be settled on or before May 12, upon completion of the repurchases. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period, less a discount.
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ENSC | Hot Stocks08:59 EST Ensysce Biosciences CEO says mindful of potential shareholder dilution - Ensysce Biosciences issued a letter to shareholders from CEO Lynn Kirkpatrick, to address the Company's most recent frequently asked questions. The letter read in part, "What is the next Company milestone? As noted above in 2022 Ensysce initiated four clinical studies: PF614-102 for bioequivalence. PF614-103 evaluating nasal abuse potential. PF614-104 evaluating oral abuse potential. PF614-MPAR-101 evaluating our overdose protection platform, MPAR. We have reported positive results on three of these studies, and we are currently awaiting data from our oral abuse potential study, PF614-104, at the end of March. What does the Ensysce pipeline look like? Our lead product, PF614 is an oxycodone product for severe pain to go head-to-head with the current ADF products on the market. Our MPAR combination products provide overdose protection to our TAAP portfolio. PF614-MPAR will follow the launch of PF614. These two products offer improved oral delivery of oxycodone, reduced abuse potential and, ultimately, overdose protection. We believe we can use our TAAP platform to improve other prescription drugs and have a number of other clinical candidates identified to be rolled out as we progress. We are exploring these opportunities....As of September 30, 2022, we reported $4.5 million in cash on hand and $5.8 million of remaining federal government grant support. Recent financing transactions include a $4.1 million public offering in December 2022 and a $3.0 million registered direct offering in February 2023. We will be reporting our updated cash position as of December 31, 2022, with our Form 10-K filing in March 2023. Why has the share price not responded as planned? While we do not believe it is appropriate to speculate as to why the share price performance is not stronger, despite our continued execution against our developmental plans, we want to express our disappointment. We cannot control the stock market and therefore are focused on the variables of our business that we can control. As a result, we hope that our continued diligence and execution translates to value that is ultimately reflected in our share price. We remain committed to our mission, to helping people in pain, and to our shareholders. Should we be worried about further dilution or the Company's cash position? Ensysce is a pre-revenue, clinical stage biotech company. As we advance our clinical development toward commercialization, our cash burn is expected to increase. We believe we have made exceptional strides to advance our programs with limited financial resources. We are mindful of market conditions and have been thoughtful with our sources for funding, including the use of non-dilutive financing through grants from the federal government. Committed long-term shareholders are our most important constituent right now. Hence, we are constantly looking for the best opportunity for capital, while being mindful of potential shareholder dilution."
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RBT | Hot Stocks08:58 EST Rubicon Technologies announces three-year extension pact with Wood Residential - Rubicon Technologies announced that it has signed a three-year extension agreement with Wood Residential, a national, award-winning leader in the development, construction, and management of multi-family communities across the United States. In this extended agreement, Rubicon will provide waste and recycling services to help Wood Residential reach its sustainability targets. "We are thrilled to announce this extension agreement with Wood Residential," said Rubicon's Tom Owston. "Waste and recycling education starts at home and in continuing our partnership with Wood Residential, we are able to not only help them to lay the groundwork for ending waste at their properties, but we can also help to educate their residents on proper recycling practices along the way."
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HAL | Hot Stocks08:55 EST Halliburton and Siguler Guff announce JV for emissions management software - Halliburton and Siguler Guff & Company announced the launch of Envana Software Partners, . The new venture provides critical emissions management software-as-a-service solutions to track greenhouse gas emissions in the oil and gas industry and beyond. The Envana digital emissions management solution provides a smarter and more accurate picture of emissions, which gives companies actionable information to manage and reduce their total carbon footprint. The Halliburton-created software incorporates the company's operational expertise and oilfield best practices. Future Envana products that are now in active development will support methane detection and quantification management. The venture's first offering, Envana Catalyst, is a SaaS solution that helps increase transparency of the environmental impact of drilling, completions, and production operations. It can improve the visibility of greenhouse gas emissions tracking and forecasting companywide and can provide support for actionable recommendations throughout upstream asset life, from planning and design through execution. Envana Catalyst allows customers to choose the methodologies used to estimate emissions from a library of emissions sources tailored to the oil and gas industry, update them as needed, and track any changes.
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VEV | Hot Stocks08:55 EST Vicinity Motor secures dealer network services agreement with DSMA - Vicinity Motor signed a dealer network development services agreement with Dealer Solutions Mergers and Acquisitions to enhance North American market penetration for its industry-leading, Class 3 VMC 1200 all-electric trucks. Per the terms of the services agreement, DSMA will assist Vicinity in identifying and establishing dealer performance criteria, metrics, and guidelines for selecting and prioritizing dealership opportunities, setting the strategy for "early adopters", prioritizing geographic focus and helping define opportunities to enter different markets or introduce new vehicle offerings.
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CEPU | Hot Stocks08:54 EST Central Puerto acquires Central Costanera for $48M - Central Puerto acquired Central Costanera for $48M. By taking possession of Central Costanera, Central Puerto will add an installed capacity of 2,305 MW -to its already 4,809 MW- and thus will contribute a total of more than 7,100 MW to the Argentine Interconnection System. After closing this operation, Osvaldo Reca was appointed as the new president of Central Costanera. With the incorporation of Central Costanera, the company will reach, together with its assets, a participation of 17% of the total generation capacity of Argentina. Central Costanera is located in the City of Buenos Aires, reaching almost 6% participation in the total installed capacity of SADI and generates the energy demanded by 3.5 million homes throughout the country. Currently, the Costanera plant is made up of six turbo-steam units, with an installed capacity of 1,140 MW of power, and two Combined Cycle units of 315 MW and 850 MW. To this is added 35.6 MW in relation to the purchase of engines from the El Chocon hydroelectric plant.
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JAGX | Hot Stocks08:52 EST Jaguar Health receives notice of allowance for U.S. patent - Jaguar Health announced that the Company has received a Notice of Allowance from the U.S. Patent and Trademark Office for U.S. Patent Application No. 16/617,466, titled Methods And Compositions For Treating Bile Acid Diarrhea, Diarrhea Associated With Small Intestine Resection Or Gallbladder Removal, And Short Bowel Syndrome.
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ESKYF | Hot Stocks08:51 EST Eskay Mining announces diamond drill results from Consolidated Eskay Property - Eskay Mining announced further diamond drill results from its 2022 exploration program at its 100% controlled Consolidated Eskay Property in the Golden Triangle, British Columbia. "Results from our 2022 exploration season demonstrate Eskay's team has made considerable progress toward unraveling the district-scale potential of VMS mineralization surrounding the Eskay Creek deposit," commented Dr. John DeDecker, VP of Exploration for Eskay Mining Corp. "Achievements of the 2022 exploration program include defining a new trend of VMS mineralization along the Scarlet-Tarn corridor parallel to and approximately seven kilometers east of the Eskay anticline. Tarn Lake and Scarlet Knob are situated along an east-west trending VMS feeder structure hosted by Eskay rhyolite like that seen in the footwall of the Eskay Creek deposit. Mapping and prospecting define a westward stratigraphic younging direction suggesting that stockwork and replacement-style mineralization at Tarn Lake may represent feeders to seafloor-hosted mineralization up-section towards the important Contact Mudstone horizon, host to high-grade mineralization at Eskay Creek. This recognition is a significant step towards meeting our goal of discovering new Eskay Creek-like high-grade VMS systems. Drilling at TV now shows that Au- and Ag-bearing massive sulfide extends 100 m along strike and overlies an even more extensive zone of stockwork mineralization. We are eager to follow up on all of these encouraging results in 2023." TV Extensional Drilling: Highlight results: 4.61 gpt Au and 22.17 gpt Ag over 6.28m within 2.84 gpt Au and 22.17 gpt Ag over 16.36m in hole TV22-105; 2.66 gpt Au and 30.45 gpt Ag over 10.56m within 1.51 gpt Au and 25.39 gpt Ag over 43.09m in hole TV22-120; 3.36 gpt Au and 109.50 gpt Ag over 2.00m within 1.14 gpt Au and 30.40 gpt Ag over 30.56m in hole TV22-97; 6.88 gpt Au and 21.00 gpt Ag over 1.10m within 1.28 gpt Au and 87.92 gpt Ag over 14.95m in hole TV22-109.
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CNDT | Hot Stocks08:50 EST Conduent selected by Virgin Atlantic to support customer experience - Conduent Incorporated announced that it has been chosen by Virgin Atlantic, the U.K. based airline that flies to 27 destinations across four continents, to provide customer experience management, CXM. Conduent CXM teams are managing rebookings and providing general customer support, which includes flight changes and cancellations. These are some of the most challenging issues for travelers, so Virgin Atlantic is leveraging Conduent's human-centric approach to CXM to achieve a high level of customer satisfaction. "Conduent recognizes the importance and value of customer loyalty, which is earned with every customer interaction," said Jeff Weiner, Vice President, General Manager for Customer Experience Management at Conduent. "With more than 15 years of experience in the travel and hospitality sector, we have developed the training, technology and processes to empower our agents to empathetically work with customers to address their needs and help strengthen their relationship with exceptional brands like Virgin Atlantic."
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JFBR SPRC | Hot Stocks08:48 EST Jeffs' Brands enters agreement to acquire 49% of SciSparc Nutraceuticals - Jeffs' Brands (JFBR) announced that it has entered into a definitive agreement with SciSparc (SPRC), to purchase from it approximately 49% of the outstanding capital stock of SciSparc Nutraceuticals, a wholly-owned subsidiary of SciSparc that owns Wellution for $2.5 million in cash. The stock interest of Jeffs' Brands in the Subsidiary is expected to be held by a wholly-owned Delaware subsidiary of Jeffs' Brands. In addition, the Agreement also includes a mutual share exchange between SciSparc and the Company of restricted shares in the total amount of $300,000. The number of shares in the share exchange will be calculated based on the average closing price of the relevant company's shares for 30 consecutive trading days ending on the third trading day immediately prior to closing the transaction. The closing of the transaction is subject to certain customary conditions and is expected to be completed within seven business days. At closing, the Company and the Subsidiary will enter into a consulting agreement by which the Company will provide management services for the Brand for a monthly fee of $20,000. The agreement is for an undefined period of time, and may be terminated by either party with 30-days' advance notice. The Brand is profitable with millions of dollars in gross annual sales on the Amazon market place. The Brand sells dozens of hemp-based, top-ranked products, including hemp gummies, hemp oil capsules, hemp gel, hemp cream, detox pills, height pills, antibacterial creams, and anti-aging creams, among other beauty and hair treatment products that are all manufactured in the United States The Brand offers eight variations of natural hemp candy supplements under two parent Amazon Standard Identification Number on Amazon that are differentiated by their hemp oil potency. The leading parent ASIN, that was launched in 2019, has received over 26,500 reviews and has consistently ranked as the #1 best seller in the category. In total, the Brand had approximately 40,000 product reviews to date, most of which are 4 and 5-star reviews. Mr. Oz Adler, the Chairman and a director of the Company is the Chief Executive Officer and Chief Financial Officer of SciSparc, Mr. Amitai Weiss, the Chairman of SciSparc, is a director of Jeff's Brands, and Mr. Moshe Revach is a member of the board of directors of the Company and SciSparc.
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MDGS... | Hot Stocks08:48 EST Medigus announces Jeffs Brands entered non-binding LOI with SuperBuzz - Medigus (MDGS) announced that Jeffs' Brands (JFBR), owned 35.94% by Medigus, has entered into a non-binding letter of Intent, LOI, to collaborate with SuperBuzz, an artificial intelligence company specializing in marketing technology. Pursuant to the LOI, subject to the entry into one or more definitive agreements by the parties, Jeffs' Brands and SuperBuzz will collaborate on a joint project to create software for Amazon's (AMZN) advertisement platform, based on AI technologies, designed specifically for Jeffs' Brands' stores and brands, as well as opening a new line of service for marketing campaigns. Also pursuant to the LOI and subject to entry into a definitive agreement, Jeffs' Brands will have the option to invest up to $2 million in SuperBuzz, at its sole discretion, for a period of 90 days following the execution of a definitive agreement. Viki Hakmon, Chief Executive Officer of Jeffs' Brands, said "We are excited to be partnering with SuperBuzz to take our marketing efforts on Amazon to the next level. With their AI-powered marketing solutions and our data-driven approach, we believe we can deliver more effective campaigns and better results for our brands using a designated mutual software."
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FISV | Hot Stocks08:46 EST Fiserv announces 75M share repurchase authorization - Fiserv announced that its board of directors has authorized it to repurchase 75M shares of the company's common stock, which is in addition to the shares remaining available under the company's existing authorization.
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BFRG | Hot Stocks08:45 EST Bullfrog AI partners with J. Craig Venter Institute - BullFrog AI Holdings announced a co-development arrangement with the J. Craig Venter Institute for the design and validation of a synthetic HSV-1 virus particle targeting colorectal cancer.
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SNAL | Hot Stocks08:45 EST Snail announces Wandering Wizard to showcase latest games at PAX East 2023 - Snail announced that its indie publishing sub-label, Wandering Wizard, will be showcasing its latest Early Access games, West Hunt and Expedition Agartha, at PAX East 2023 in Boston, Massachusetts from March 23 to 26, 2023. Jim Tsai, Chief Executive Officer of Snail, commented: "We are thrilled that Wandering Wizard will be attending PAX East 2023, and we look forward to engaging with the gaming community. Our team at Wandering Wizard is dedicated to creating engaging and immersive experiences for players, and we are committed to listening to feedback and suggestions from our players to make our games even better. Following Wandering Wizard's successful appearance at PAX West 2022, we are excited to showcase the latest games at the upcoming PAX East 2023 and build on the momentum we've achieved thus far."
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DDD | Hot Stocks08:42 EST 3D Systems announces BWT Alpine F1 Team purchased 4 SLA 750 3D printing systems - 3D Systems announced BWT Alpine F1 Team has purchased four SLA 750 3D printing systems to accelerate innovation and speed to track. The Team made the decision to purchase the systems after it extensively tested the product in its beta phase. BWT Alpine F1 Team is currently using the SLA 750 systems and 3D Systems' Accura Composite PIV material to build models for wind tunnel testing, including complex aerodynamic parts with pressure tappings as well as small composite tools and high-temperature bonding jigs. "We are very impressed with the depth of precision engineering that went into the development of 3D Systems' SLA 750," said Ben Mallock, deputy head of aerodynamics, BWT Alpine F1 Team. "BWT Alpine F1 Team has a long-standing technical partnership with 3D Systems, and we were pleased to have early access to this product when it was still in beta. We put the SLA 750 through its paces during testing and achieved the best part quality we have so far seen in the market with considerably improved productivity. As a result, we purchased additional SLA 750 systems to bring our total to four. We are enjoying the positive impact this is having on our wind tunnel testing, and getting our innovation to the track faster. With the support of 3D Systems' SLA and SLS solutions, we're able to produce 25,000 additively manufactured parts each year. This is a true testament to the productivity these technologies enable."
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MGAM | Hot Stocks08:42 EST Mobile Global Esports lauches India Esports Campus Ambassadors Program - Mobile Global Esports announced the official launch of the MOGO Campus Ambassadors program. 138 students have signed on as MOGO campus ambassadors at their respective colleges and universities to drive forward their competitive gaming and industry aspirations while creating a grassroots collegiate esports outreach network across India.
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ZIMV | Hot Stocks08:40 EST ZimVie announces launch of RealGUIDE CAD, FULL SUITE software modules - ZimVie announced the launch of the RealGUIDE CAD and FULL SUITE modules, the latest innovations within ZimVie's digital dentistry software platform. The CAD module introduces advanced software for restorative design and manufacturing, allowing for detailed and sophisticated implant and tooth restoration. The FULL SUITE module ties the CAD module to RealGUIDE's existing Plan, App, and Guide modules, creating a seamless workflow across the ZimVie digital dentistry platform, providing a one-stop solution for a user's surgical and restorative design needs. "The release of our CAD module and its integration with our FULL SUITE marks a turning point for digital dentistry," said Indraneel Kanaglekar, SVP and President of ZimVie Dental. "Our digital platform helps users streamline dental practices and labs of all sizes, which can help contribute to successful patient outcomes and provide the foundation for future digital workflow innovations in the ZimVie dental portfolio."
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NCRA | Hot Stocks08:40 EST Nocera purchases 229 acres of land in Montgomery, Alabama - Nocera announced that on February 16, 2023, it closed on its $875,000 purchase of 229 acres of agricultural land in Montgomery, Alabama, of which was funded through available cash of $225,000 and loan proceeds of $650,000 from an unaffiliated Taiwan financial company. Nocera plans to use the land to construct its first large scale fish farm designed to use its RASs and tanks. The Company plans to begin site preparation and construction by the third quarter of this year. The site is expected to serve as a model for future construction and is the first of many facilities that Nocera plans to launch.
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VZ | Hot Stocks08:39 EST Verizon, KPMG collaborate to bring private 5G to KPMG Lakehouse - Verizon Business and KPMG LLP have collaborated as part of their alliance relationship to deliver 5G solutions designed to help transform the healthcare and life sciences sectors. KPMG has now deployed Verizon's Private 5G wireless network into its Ignition Center inside KPMG Lakehouse to further that collaboration. Building on top of this next-generation network, KPMG is creating a Healthcare Lab experience where clients can interact and experiment with the latest in healthcare technologies while helping to define their own future healthcare vision powered by Verizon 5G. "By bringing together Verizon's 5G with KPMG's deep industry experience and track record in improving business processes, we plan to deliver cutting-edge solutions that will close the gap between legacy hospital environments and digital business operations and unlock the value of the end-to-end digital enterprise," said Jennifer Artley, Senior Vice President, 5G Acceleration, Verizon Business. "This collaboration is part of Verizon's broader strategy to align with enterprises, startups, universities, ecosystem partners and government to explore how 5G and edge compute can disrupt and help transform nearly every industry."
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IDCC | Hot Stocks08:38 EST InterDigital announces final results for tender offer - InterDigital announced the final results of its modified "Dutch auction" tender offer to purchase up to $200 million of its common stock for cash at a price per share not less than $65.25 and not greater than $75.00, which expired at 11:59 p.m., New York City time, on February 17, 2023 Based on the final count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, InterDigital has accepted for purchase 2,739,726 shares of its common stock at a price of $73.00 per share, for an aggregate cost of approximately $200 million, excluding fees, expenses and excise tax relating to the tender offer. The repurchased shares represent approximately 9.2% of the Company's shares outstanding as of February 17, 2023. As such, the Company has been informed by the depositary that the final proration factor for the tender offer is approximately 95.80%. American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, will promptly issue payment for the shares of InterDigital common stock validly tendered and accepted for purchase in the tender offer, and will return all other shares tendered and not purchased in the tender offer.
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REBN | Hot Stocks08:38 EST Reborn Coffee partners with Bay View Farm - Reborn Coffee announced it has signed a Memorandum of Understanding with Bay View Farm, a Kona coffee producer located on the Big Island of Hawaii, to produce and distribute Hawaiian cascara tea worldwide. Reborn and Bay View Farm will collaborate to produce coffee cherry tea, or "Cascara", an herbal drink made from the dried skins and/or pulp of the fruit of the coffee plant that remain after the coffee beans have been collected from within. "Our partnership will provide an exciting new product as part of our specialty coffee offerings which will generate an additional income source for us and our coffee farming partners in Hawaii. We have also seen that the increasing demand for cascara from large U.S.-based coffee chains has, in some cases, led to higher prices than the coffee beans. We believe this partnership will help to continue diversifying our product line with a unique and complementary product to coffee, and support revenue growth for Reborn," concluded Jay Kim, Chief Executive Officer of Reborn.
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RUN | Hot Stocks08:37 EST Sunrun sees FY23 installed growth up 10%-15% - As part of its Q4 results yesterday, the company stated: "Management's focus is on leading the market through sustainable and profitable growth, prioritizing unit cash generation capabilities, while prudently managing working capital needs. Management expects Solar Energy Capacity Installed growth to be in a range of 10% to 15% for the full year 2023. Management currently sees more upside opportunity than downside risk to achieving growth in this range and anticipates market share gains in 2023. Management expects Solar Energy Capacity Installed growth to be in a range of 215 to 225 Megawatts in the first quarter of 2023. Management expects to update the discount rate assumption used to calculate Subscriber Value, Gross Earning Assets and Net Subscriber Value from 5% to 6%, commencing with the first quarter 2023 reporting. As such, Net Subscriber Value guidance is being provided assuming a 6% discount rate. Net Subscriber Value is expected to be approximately $10,000 in the first quarter and to increase sequentially throughout 2023."
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RIDE | Hot Stocks08:36 EST Lordstown Motors files for voluntary recall of Endurance - LMC has filed paperwork with the National Highway Traffic Safety Administration to voluntarily recall the Endurance to address a specific electrical connection issue that could result in a loss of propulsion while driving. Lordstown is working with its supplier network to implement a corrective action that the Company believes will address this issue. The recall will affect 19 vehicles that are either in the hands of customers or being used internally by LMC. Vehicles waiting for shipment and vehicles in process at the manufacturing plant will also be retrofitted with the corrective action once components are available.
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POAI | Hot Stocks08:36 EST Predictive Oncology announces partnership with Cvergenx - Predictive Oncology and Cvergenx announced an agreement to form a strategic partnership that to develop the first-ever genomics-based artificial intelligence approach to personalized radiotherapy and drug discovery. The objective of this collaboration will be to leverage and maximize the combined power of their respective proprietary technologies and domain expertise for a common purpose. By applying Predictive Oncology's drug discovery, artificial intelligence and machine learning capabilities, and the Cvergenx precision genomics radiation therapy platform, the two companies will pursue ways in which to optimize radiotherapy to improve patient outcomes in a way that has never been done before. "The central principle in precision medicine is that cancer therapy should be tailored to the individual tumor biology. Even so, radiation therapy, the most commonly utilized therapeutic agent in clinical oncology, has yet to enter the era of precision therapy," said Raymond Vennare, Chief Executive Officer of Predictive Oncology. "We believe that the next and most significant paradigm shift in the field of radiation oncology will come from exploiting tumor genomics to optimize RT prescription dose and to identify drug targets for the development of radiosensitizers and radioprotectors for biopharma and industry."
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RIDE | Hot Stocks08:35 EST Lordstown Motors pauses production, delivery to address quality issues - Lordstown Motors announced that it will release its fiscal year 2022 financial results before market open on Monday, March 6, 2023. The Company will then host a conference call at 8:30 a.m. Eastern Time. Lordstown Motors Corp. also announced that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries since our last production update in January. The team is diligently working with suppliers on the root cause analysis of each issue and potential solutions, which in some cases may include part design modifications, retrofits, and software updates. In this regard, LMC has filed paperwork with the National Highway Traffic Safety Administration to voluntarily recall the Endurance to address a specific electrical connection issue that could result in a loss of propulsion while driving. Lordstown is working with its supplier network to implement a corrective action that the Company believes will address this issue. The recall will affect 19 vehicles that are either in the hands of customers or being used internally by LMC. Vehicles waiting for shipment and vehicles in process at the manufacturing plant will also be retrofitted with the corrective action once components are available. "While our experienced team has made significant progress in addressing the underlying component and vehicle sub-system issues affecting the Endurance build schedule, we remain committed to doing the right thing by our customers and to resolve potential issues before resuming production and customer shipments," said Edward Hightower, Lordstown Motors CEO & President. LMC intends to provide a more detailed update on the status of these matters on its upcoming earnings call.
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EVFM | Hot Stocks08:35 EST Evofem to explore and evaluate strategic alternatives - Evofem Biosciences announced that its Board of Directors has unanimously approved a comprehensive strategic process to explore and evaluate strategic alternatives to maximize shareholder value. Potential strategic alternatives to be explored or evaluated as part of this process may include, but are not limited to, a merger, reverse merger, other business combination, sales of assets, licensing or other strategic transactions involving the company. Evofem does not expect to disclose developments with respect to this process unless until the evaluation of strategic alternatives has been completed or the Board of Directors has concluded disclosure is appropriate or legally required.
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TCBP | Hot Stocks08:35 EST TC Biopharm appoints Mike Leek as Chief Technology Officer - TC BioPharm appointed Michael Leek to the position of Chief Technology Officer. Leek resumes operational duties as CTO after stepping down as executive chairman of the board. Leek had previously served as TC BioPharm's Executive Chairman of the board since June 2021. Prior he served as Chief Executive of TC BioPharm since founding the company in July 2013. He has served in senior management and board roles with Intercytex plc, a cell therapy company he co-founded.
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SPRC JFBR | Hot Stocks08:34 EST SciSparc to sell 49% interest in subsidiary to Jeff Brands subsidiary for $2.5M - SciSparc (SPRC) announced it has signed a definitive agreement to sell a 49% interest in its wholly owned subsidiary, SciSparc Nutraceuticals, which owns Wellution, to a wholly-owned subsidiary of Jeffs' Brands (JFBR), for $2.5M in cash, subject to certain purchase price adjustments related to inventory and working capital expected to increase the purchase price by approximately $300,000, plus a mutual share exchange in the amount of $300,000 of ordinary shares from each of SciSparc and Jeffs' Brands. The number of shares in the share exchange will be calculated based on the average closing price of the relevant company's shares for 30 consecutive trading days ending on the third trading day immediately prior to closing the transaction. Following the closing of the transaction, which includes an equity conversion of financing amounts previously provided to the Subsidiary by SciSparc, SciSparc will hold approximately 51% of the Subsidiary. Closing of the transaction is subject to certain customary conditions and is expected to be completed within seven business days. At closing, Jeffs' Brands and the Subsidiary will enter into a consulting agreement by which Jeffs' Brands will provide management services for Wellution for a monthly fee of $20,000. The agreement is for an undefined period of time and may be terminated by either party with 30-days' advance notice. "The agreement expands our collaboration with Jeffs' Brands for the online marketing and sale on Amazon of food supplement products following our recent letter of intent signed with Jeffs' Brands for the development of a new food supplements product line and the online marketing of such supplements. We are pleased to have Jeffs' Brands as our partner which we believe will strengthen the Wellution brand," said Oz Adler, Chief Executive Officer of SciSparc.
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FISV | Hot Stocks08:34 EST Fiserv announces $75M share repurchase authorization - Fiserv announced that its board of directors has authorized it to repurchase 75M shares of the company's common stock, which is in addition to the shares remaining available under the company's existing authorization.
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NNDIF | Hot Stocks08:34 EST Noranda Income Fund announces support agreements with unitholders - Noranda Income Fund announced that Glencore Canada Corporation has agreed to increase the purchase price for the acquisition of all issued and outstanding priority units of the Fund from $1.42 to $1.98 per priority unit and the parties have entered into an amending agreement to amend the arrangement agreement dated January 8, 2023 accordingly. The purchase price of $1.98 per priority unit represents a 102% premium on the closing price on the Toronto Stock Exchange on January 6, 2023, the last trading day prior to announcement of the Arrangement Agreement, and a 126% premium on the 20-day volume weighted average price per priority unit on the TSX for the period ending on January 6, 2023. Prior to the Fund entering into the Arrangement Agreement on January 8, 2023, Accuracy Canada provided an independent valuation to the Independent Committee of the Board of Trustees of Noranda Operating Trust, which determined that, as at December 31, 2022, based upon and subject to the assumptions, limitations and qualifications contained therein, the fair market value of the priority units ranged from $1.24 to $1.94 per unit. The increased purchase price of $1.98 per unit exceeds the top-end of this valuation range. Glencore has also entered into lock-up and support agreements with Riverstyx Capital Management, LM Asset Fund Limited Partnership, LM Asset Management, Daniel Lau and Doug Warwick, who in the aggregate beneficially own or have control or direction over 8,337,691 priority units or approximately 22% of the priority units of the Fund. Under the terms of their Support Agreements, the Supporting Unitholders have agreed to support and vote all of the priority units of the Fund they control at the special meeting of Fund unitholders to be held on February 28, 2023, or at any adjournment or postponement thereof, in favour of Glencore's acquisition of the Fund by way of plan of arrangement, as set forth in the Arrangement Agreement, as amended. The Amending Agreement was unanimously approved by the Board, with those members of the Board who are related to Glencore abstaining from voting, and its Independent Committee. The Arrangement, as amended, is subject to the condition that the Supporting Unitholders comply in all material respects with their obligations, covenants and agreements in their Support Agreements. All other terms and conditions of the Arrangement Agreement otherwise remain unchanged. The Board, with those members of the Board who are related to Glencore abstaining from voting, and its Independent Committee unanimously reiterate that the Arrangement with Glencore is in the best interests of the Fund and its priority unitholders and is fair to the Fund priority unitholders, and unanimously recommend that priority unitholders: Vote FOR the special resolution approving the Arrangement with Glencore
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UPXI WMT | Hot Stocks08:33 EST Upexi's Tytan Tiles brand expands Walmart locations for launch - Upexi's children's toy brand, Tytan Tiles, has outpaced their sales projections, almost doubling the forecasted order since the brand hit shelves in 2,200 stores. Tytan Tiles line of toys has seen such demand since its entrance into Walmart (WMT) stores that the retailer placed an additional order and will increase rollout of the brand to over 3,900 stores throughout the second half of 2023.
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NUE | Hot Stocks08:32 EST Nucor provides one-year update on new sheet steel mill in West Virginia - Nucor provided a one-year update on the status of its new sheet steel mill in West Virginia, including the approval by the company's Board of Directors to provide additional capital to fund the construction of the project. The new mill will have an annual capacity of 3M tons per year, and employ as many as 2,000 construction workers during the building phase and approximately 800 full-time teammates when it is fully operational. "We remain incredibly excited about our Nucor Steel West Virginia mill and its advanced capabilities that will expand our ability to provide our customers with the cleanest and highest-quality steel products, particularly for demanding automotive and construction applications," said Leon Topalian, Chair, President and CEO of Nucor Corporation. "The Midwest and Northeast consume half the sheet steel in the United States. This transformative project will provide customers in these high-demand regions with more sustainable sheet steel, create long-term value for our shareholders and fuel additional growth for Nucor." Nucor now expects a net cash outlay of approximately $3.1B for the West Virginia sheet mill, up from $2.7B when the project was first announced in September 2021. The revised $3.1B estimate is net of $275M in cash proceeds received from the State of West Virginia for costs related to the Apple Grove site location. Factors contributing to the increased capital cost include general inflation, the acquisition of additional property and equipment, and expanded port and rail infrastructure requirements. To date, Nucor Steel West Virginia has received all required state permits and is working to secure federal permits this spring. Construction of the new sheet mill is expected to take 2-3 years once all the necessary permit approvals have been received, and Nucor Steel West Virginia is actively hiring teammates to grow its team in the state. When operational, the new mill will be the most capable sheet mill in the region with a significantly lower carbon footprint than its competitors. It will be equipped to produce 84-inch sheet products, and among other features, will include a 76-inch tandem cold mill and two galvanizing lines capable of producing advanced high-end automotive and construction grades. Nucor Steel West Virginia will have a freight advantage and unmatched capabilities that will enable the continued expansion of Nucor's high-quality, low-carbon steel product offerings.
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POL | Hot Stocks08:32 EST Polished gets NYSE American extension to regain listing compliance - Polished.com formerly known as 1847 Goedeke announced that it is not in compliance with the continued listing and trading standards of the NYSE American and that its NYSE American listing is being continued pursuant to an extension that the Company has received from the NYSE American. Additionally, the Company is working diligently with its auditor to complete a re-audit of fiscal year 2021 and review the financial statements for the quarters ended June 30, 2021, September 30, 2021, and March 31. The Company intends to file all necessary restatements by July 31.
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OCEA | Hot Stocks08:32 EST Ocean Biomedical announces discovery of bispecific antibodies - Ocean Biomedical celebrates the discovery of bispecific antibodies that target Chitinase 3-like-1 and immune checkpoint inhibitors, killing glioblastoma cells and melanoma cells, and blocking the metastasis of malignant melanoma cells to the lung by over 90%. Recent studies from the laboratory have demonstrated that CHI3L1 is a critical regulator of a number of key cancer-causing pathways. We have highlighted its ability to inhibit tumor cell death, its inhibition of the expression of the tumor suppressors P53 and PTEN and its stimulation of the B-RAF protooncogene. Most recently the company has discovered that CHI3L1 is a "master regulator" of ICPI including key elements of the PD-1 and CTLA4 pathways. In accord with the importance of these pathways we have also generated antibodies: 1.) a monoclonal antibody against CHI3L1, and 2.) bispecific antibodies that simultaneously target CHI3L1 and PD-1 or CTLA4. The impressive ability of our bispecific antibodies to control primary and metastatic lung cancer in murine experimental modeling systems is discussed below. "Non-small cell lung cancer is the leading cause of cancer death and second most diagnosed cancer in the US. Glioblastoma multiforme is a lethal type of brain tumor that affects approximately 28,000 people in the U.S. The median survival time is about 15 months. With our discovery that CHI3L1 is a critical regulator of a number of key cancer-causing pathways by highlighting its ability to inhibit tumor cell death this therapy has the potential to save thousands of lives of people effected from NSCLC and GBM," said Dr. Chirinjeev Kathuria, co-founder and Executive Chairman.
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MNTS | Hot Stocks08:30 EST Momentus updates 2023 launch schedule - Momentus announced an update on its 2023 launch schedule with the company planning three launches of the Vigoride Orbital Service Vehicle, or OSV, this year. The company is adjusting its 2023 launch plans and will fly a total of three Vigoride OSVs in 2023 on the SpaceX Transporter-6, 7, and 9 missions. Following Vigoride-5, which launched on the Transporter-6 mission on January 3, Vigoride-6 is next scheduled for launch on the Transporter-7 mission, targeted for April. Vigoride-7, which will mark Momentus' fourth OSV mission, will now fly on Transporter-9, targeted for launch in October 2023, rather than on the Transporter-8 mission slated for June.
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PCRX | Hot Stocks08:29 EST Pacira, LPGA partner to raise awareness of non-opioid pain management solutions - Pacira BioSciences and the Ladies Professional Golf Association, LPGA, announced a multi-year sponsorship that makes Pacira's iovera degrees - a handheld medical device that provides non-medicated pain control by applying cold therapy to a specific nerve to interrupt its ability to transmit a pain signal - the Official Non-Opioid Pain Management Partner of the LPGA. In addition, Pacira will serve as the official sponsor of the LPGA's fitness trailer. LPGA's Medical Director Dr. Thomas Bruce will also make information on non-opioid offerings available to LPGA players. "Our partnership with the LPGA offers us the unique opportunity to educate the golf community at large about the importance of non-opioid options available to treat pain along the care continuum from initial injury, pain progression, and even surgical intervention when necessary," said Dave Stack, Chief Executive Officer and Chairman of Pacira BioSciences, Inc. "We are honored to partner with the LPGA in support of pain management education, and awareness of the role analgesic alternatives like ioveradegrees can play in the overall need for opioids."
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MBOT | Hot Stocks08:28 EST Microbot Medical recieves Japan patent allowace for LIBERTY remote controller - Microbot Medical announced that Japan is the most recent global jurisdiction to recognize the unique interface design of the LIBERTY Robotic System's remote controller. The design patent, which was issued by the Japan Patent Office, complements similar design patent allowances in the U.S. and Europe, further strengthening the Company's global intellectual property portfolio.During the recent pivotal animal study, as well as other physician-sponsored lab sessions with multiple Key Opinion Leaders in Europe and the Americas, when using the LIBERTY Robotic System physicians were given the option to use the remote-controlled activation from the safety and convenience of the cath-lab control room.
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NUWE | Hot Stocks08:27 EST Nuwellis announces data on role of ultrafiltration in preventing AKI - A recent editorial published in The Annals of Thoracic Surgery provides additional clinical evidence to support the role that ultrafiltration plays in preventing cardiac surgery-associated acute kidney injury, AKI, according to Nuwellis. Written by Daniel Engelman, M.D. and Andrew Shaw, M.D., "A Turnkey Order Set for Prevention of Cardiac Surgery-Associated Acute Kidney Injury" compares protocols for preventing cardiac surgery-associated acute kidney injury from leading cardiothoracic surgical societies. This topic is of critical importance to cardiac surgeons because as many as 80% of cardiac surgery patients may have stage 1 or greater CSA-AKI, according to guidelines published by Kidney Disease Improving Global Outcomes, the global nonprofit organization developing and implementing evidence-based clinical practices guidelines in kidney disease. The editorial examines the role of intravenous fluid overload in contributing to CSA-AKI and challenges the notion that diuretics are always the best management approach. "We're thrilled to have additional validation for the technology behind Aquadex in this new publication," said Dr. John Jefferies, Chief Medical Officer of Nuwellis. "We often hear about the need for alternatives to diuretics from clinicians. This publication validates ultrafiltration as a best practice when diuretics fall short in treating patients with fluid overload during and after cardiothoracic procedures."
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ENPH | Hot Stocks08:27 EST Enphase Energy expands IQ8 microinveter deployments in Maryland - Enphase Energy announced today that installers of Enphase products in Maryland have seen growing deployments of Enphase Energy Systems powered by IQ8 Microinverters.
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ARIZ | Hot Stocks08:26 EST Arisz Acquisition extends deadline for business combination - Arisz Acquisition Corp. announced that Arisz Investments LLC, the Company's initial public offering sponsor, has timely deposited into the Company's trust account, an aggregate of $690,000, in order to extend the period of time the Company has to complete a business combination for an additional three month period, from February 22, 2023 to May 22, 2023. The Extension is the second of up to two three-month extensions permitted under Arisz's governing documents. The Extension provides Arisz with additional time to complete its proposed business combination with Finfront Holding Company.
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NVCT | Hot Stocks08:25 EST Nuvectis Pharma recaps poster presentation on NXP800 at 2023 ESMO congress - Nuvectis Pharma provided highlights from the poster presentation that took place earlier today at the European Society for Medical Oncology, ESMO, Gynecological Cancers Congress. Two in vivo experiments in models of ARID1a-mutated ovarian carcinoma resulted in robust tumor growth inhibition, TGI, by NXP800. Susana Banerjee, MBBA MA PhD, the Global Lead for the NXP800/ENGOTGYN5/GOG-3087 Phase 1b clinical trial in platinum resistant, ARID1a-mutated ovarian carcinoma and last author on the poster, commented: "There is a great need for new treatment options for women with ovarian cancer. We have known for a long time that ovarian cancer is a general term encompassing several diseases with different histologic and genetic characteristics that impact our patients' likelihood to respond to standard of care chemotherapy and their overall prognosis. Our poster today showed the activity of NXP800 in two xenograft models of ARID1a-mutated ovarian carcinoma, a genetically defined subset of ovarian cancer. In patients with ovarian cancer, mutated ARID1a is mostly found in clear cell and endometrioid carcinomas, two diseases that are associated with poor outcomes in the platinum-resistant setting. I am excited about the Phase 1b clinical trial that is about to commence, given the clear need for new therapies for our patients and the potential of NXP800 in these disease settings."
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ELYS | Hot Stocks08:24 EST Elys Game Technology signs agreement to operate sportsbook at The Ugly Mug - Elys Game Technology announces that the Company has entered into an agreement with Partnersat7238thstse to operate a sportsbook at The Ugly Mug restaurant and bar situated at 723 8th St SE, in Washington, DC. "We are delighted to partner with Gaynor Jablonski and his team to operate a sportsbook at The Ugly Mug restaurant and bar conveniently located only blocks from Nationals Stadium in Washington, DC," stated Michele Ciavarella, Elys Executive Chairman. "By fostering partnerships in local establishments such as The Ugly Mug, Elys brings together vibrant environments with a professionally managed sports betting enterprise. This combination can connect fans and friends together to revel in sports events while enjoying a meal and beverage. We firmly believe that this successful combination can contribute economic benefits to small business entrepreneurs across the nation and boost resources for state and local amenities and infrastructure."
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IPIX | Hot Stocks08:24 EST Innovation Pharmaceuticals enters research collaboration with USP - The Company and University of Sao Paulo, Brazil, have entered into a collaborative research agreement to investigate the broad-spectrum activity and treatment potential of Brilacidin in fungal diseases. Under terms of the agreement, USP researchers are to conduct pre-clinical efficacy, mechanism, resistance and immunological studies of Brilacidin against Aspergillosis, Cryptococcus and Candida. Separate in vitro testing of Brilacidin's antifungal properties is underway by NIH/NIAID-affiliated researchers, with potential to bridge into in vivo models, formulation development support and clinical testing.
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PTRA | Hot Stocks08:23 EST Proterra, Thomas Built Buses reach major milestone for electric school buses - Thomas Built Buses, TBB, and Proterra announced that TBB's Proterra Powered Saf-T-Liner C2 Jouley electric school buses have driven more than one million miles for school districts across North America. With more than 300 electric school buses on the road, today's announcement represents a major operational milestone just as historic federal funding, like the EPA's Clean School Bus program, becomes available to drive adoption of zero-emission school buses in the United States. "Surpassing one million miles driven by Proterra Powered electric school buses is a major achievement on the road to an all-electric, emissions-free future. With zero tailpipe emissions, Proterra Powered school buses are contributing to cleaner air and healthier communities. Along with our partners at Thomas Built Buses, we're proud to support the schools and communities across America who are at the forefront of the transition to zero-emission transportation," said Chris Bailey, President of Proterra Powered & Energy.
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IPIX | Hot Stocks08:23 EST Innovation Pharmaceuticals announces notice of allowance for U.S. patent - The Company wishes to inform shareholders that it was notified by the United States Patent and Trademark Office that US Patent Application 16/991812 - Host Defense Protein Mimetics for Prophylaxis And/Or Treatment of Inflammatory Bowel Diseases of the Gastrointestinal Tract - was allowed for issuance as a patent. The claims allowed include Brilacidin treatment of Ulcerative Proctitis/Ulcerative Proctosigmoiditis and Ulcerative Colitis.
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EKSO | Hot Stocks08:22 EST Ekso Bionics to showcase integrated FES for Indego Therapy at APTA meeting - Ekso Bionics announced it will showcase the new Ekso Indego Therapy with Functional Electrical Stimulation, FES, at the upcoming American Physical Therapy Association's, APTA, Combined Sections Meeting on February 23-25 in San Diego, California. The Company recently filed a Premarket Notification 510(k) with the U.S. Food and Drug Administration that covers the addition of integrated FES hardware and software to Ekso Indego Therapy, a lower-limb powered exoskeleton recently acquired by Ekso. "This unique integrated solution is a testament to Ekso Bionics' continued commitment to innovation and delivering on our promise of maximizing patient outcomes," said Scott Davis, Chief Executive Officer of Ekso Bionics. "Individuals with spinal cord injury or stroke who use Ekso Indego Therapy in a rehabilitation setting will soon have the opportunity to benefit from FES in further improving limb function, balance and muscle strength. We are excited to see the added benefits this technology will bring to patients across the continuum of care."
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IPIX | Hot Stocks08:22 EST Innovation Pharmaceuticals visits BeaMed about StingRay progress - Innovation Pharmaceuticals informs shareholders that development of the BeaMed StingRay Laser System is progressing smoothly and ahead of estimated schedule. The Company's CEO and other financial stakeholders in BeaMed recently returned from a visit to Israel to see the StingRay System first-hand. The StingRay System is a novel laser-based thermal ablation technology designed for treatment of previously inoperable cases of epilepsy, and for improvement of outcomes and minimally invasive surgical options for brain tumors. The first-in-class system is a comprehensive design, with planned robust safety features to constantly monitor thermal energy to minimize risk to healthy tissue. These unique features differentiate the StingRay System from other laser-based surgical technologies. During the visit, BeaMed founders Moshe Eshkol and Gil Shapira provided updates on recent BeaMed progress, including a demonstration of data integration software, as well as a review of different fiberoptics undergoing rigorous testing in advance of final selection and planned submission to the U.S. FDA for marketing clearance. A tour of an onsite FDA-approved facility where the StingRay System is being manufactured was also conducted.Having already obtained FDA clearance for the laser component of the StingRay System, BeaMed expects soon to make additional requisite submissions to the FDA for clearance of its fiber optics and its software integration package with Siemens and GE imaging systems.
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BCAB | Hot Stocks08:21 EST BioAtla announces FDA clearance of IND for BA3182 - BioAtla announced that the U.S. Food and Drug Administration, FDA, has cleared its investigational new drug, IND, application to evaluate BA3182 for the treatment of advanced adenocarcinoma. BioAtla plans to initiate and advance a Phase 1 dose-escalation and expansion clinical study in 2023. "While we continue to advance our CAB-ADC and CAB immuno-oncology antibodies across multiple tumor types, we are now expanding our pipeline with the recent FDA IND clearance for our potentially first-in-class bispecific antibody, BA3182," said Jay M. Short, Ph.D., Chairman, Chief Executive Officer and co-founder of BioAtla. "Our goal is to continue executing and pursuing indications with large unmet medical need that potentially have the highest impact for patients and our shareholders worldwide. We believe our current cash position is sufficient to fund our operations into 2025 through several value generating milestones for our current clinical programs as well as the initiation of the BA3182 clinical trial."
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BCTX | Hot Stocks08:20 EST BriaCell reports survival data in advanced metastatic breast cancer - BriaCell Therapeutics reports updated survival data from its previously disclosed group of 12 patients in the ongoing Phase II clinical trial evaluating Bria-IMT in combination with Incyte's retifanlimab for the treatment of advanced metastatic breast cancer. 9 of 11 patients remain alive from 2021/2022 dosing, suggesting strong survival benefits. 7 of 11 patients showed either disease control or progression-free survival benefits compared with their most recent prior therapy regimen suggesting clinical benefit, including survival and delayed cancer progression in this very difficult to treat patient population. Median PFS of 3.5 months compares favorably with other recent studies of patients with advanced disease including other approved agents in earlier lines of therapy; Regimen remains well tolerated with no dose limiting toxicities. This clinical data from BriaCell's combination regimen highlights survival benefits in a cohort with a life expectancy of merely months or weeks in some cases. Patients in this cohort had failed a median of 5 other treatments prior to enrolling in BriaCell's study. Other reportable benefits such as less pain and better quality of life were also observed in these patients. Subsets of top-responding patients: 4 of 5 patients with Grade I/II cancer, and 6 of 8 hormone receptor positive patients had either disease control or improved PFS suggesting potentially better responding subgroup/s of patients. These subgroups represent large segments of the advanced breast cancer patient population. Enrollment update: 9 additional patients have been screened/enrolled in the study, incremental to the 12 patients announced in December 2022. With patients continuing to enroll and remain on the treatment, more data including overall survival data will be disclosed at regular intervals.
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NVEE | Hot Stocks08:20 EST NV5 Global announces acquisition of Axim Geospatial - NV5 Global announced that it has acquired Axim Geospatial. Axim expands NV5's capabilities in the federal defense and intelligence sectors and strengthens NV5's leadership position in geospatial utility solutions. "Since first entering the geospatial market in 2017, NV5 has expanded its capabilities in geospatial data analytics, subscription-based geospatial software, SaaS service models, and proprietary, tech-enabled data acquisition to become the nation's leading provider of geospatial data solutions," said Dickerson Wright, PE, Chairman and CEO of NV5. "The acquisitions of Axim and L3Harris' commercial geospatial technology and software business have made NV5 the leader in geospatial solutions for the defense and intelligence community and strengthened NV5's existing federal geospatial team."
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NREF | Hot Stocks08:19 EST NexPoint Real Estate Finance announces special dividend of 18.5c per share - NexPoint Real Estate Finance announced that its board of directors has declared a quarterly regular dividend of 50c per share of NREF common stock. The company also announced that its board of directors has declared a special dividend of 18.5c per share of NREF common stock. The company has undistributed income from 2022 that totals approximately 74c per common share and intends to distribute it ratably over 2023, subject to board approval. The regular and special dividends will be payable on March 31 to stockholders of record on March 15.
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GDDY | Hot Stocks08:17 EST GoDaddy announces launch of Payable Domains - GoDaddy announced the launch of Payable Domains, which allow entrepreneurs to register a new domain and easily start accepting payments from customers. GoDaddy is the first company to seamlessly bundle payment technology with the brand power of a professional domain - at no additional cost - to help small business owners start growing from day one.
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WKSP | Hot Stocks08:17 EST Worksport subsidiary completes installations of EV fast charging stations - Worksport subsidiary, Terravis Energy, announces that installation of its proprietary electric vehicle fast charging stations--that began in January 2023 with two direct current fast chargers at Worksport's West Seneca, NY factory--is now completed. Each station's initial two charge points are rated at 120 kilowatt-hours and equipped with two CCS1 connectors, also known as pistols. The Company is planning installations of additional DC fast chargers in the near future as well, rated at a minimum of 240 kWh. Lorenzo Rossi, Terravis Energy's CEO, provided the following insights: "Our EV fast charger design will compete with the best in the market because of its advanced technology and superior engineering. Our EV chargers will be equipped with a high-power charging system, capable of providing fast-charging speeds of up to 280 kWh, allowing for a quick and efficient charging process, and feature advanced energy management capabilities that optimize energy usage for cost savings. Additionally, the EV chargers are equipped with advanced safety features, such as overcurrent and overheating protection, to ensure the safety of both the vehicle and the user."
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WAYN | Hot Stocks08:17 EST Wayne Savings, Main Street Financial announce Merger of Equals - Wayne Savings Bancshares and Main Street Financial Services the holding company of Main Street Bank Corp., today announced they have entered into an Agreement and Plan of Merger under which Wayne will merge with and into Main Street in an all-stock transaction valued at approximately $68 million, which equates to $30.53 per Wayne share based on Main Street's stock price of $17.50 as of February 22, 2023. As part of the merger, the operating bank subsidiary of Main Street, Main Street Bank Corp., will merge with and into the operating bank subsidiary of Wayne, Wayne Savings Community Bank. The combined bank will be branded as Main Street Bank. The transaction is expected to be approximately 40% accretive to Main Street's earnings per share on a fully phased-in basis, excluding merger charges and approximately 16% accretive to Wayne's earnings per share on a fully phased-in basis, excluding merger charges, on an exchange ratio-adjusted basis. Main Street also expects to increase its quarterly dividend to approximately $0.13 per share after closing. Under the terms of the definitive agreement, which was unanimously approved by the boards of directors of both companies, holders of WAYN common stock will have the right to receive 1.7446 shares of MSWV common stock. Existing Main Street shareholders will own approximately 47.5% of the outstanding shares of the combined company and Wayne shareholders are expected to own approximately 52.5% of the combined company. The combined company will trade under the Main Street ticker symbol "MSWV" on the OTCQX, and will operate under the "Main Street Financial Services Corp." name, and the combined bank will operate under the "Main Street Bank Corp." name. The administrative and bank headquarters of the combined company will be in Wooster, Ohio. The combined company's Board of Directors will have thirteen directors, consisting of seven directors from Wayne and six directors from Main Street. Mark R. Witmer, Wayne's current Executive Chairman, will serve as Executive Chairman of the combined company Board of Directors. Nicholas A. Sparachane, Main Street's current Chairman, will serve as Vice Chairman of the combined company Board of Directors. The combined company will be led by an experienced management team that is comprised of individuals with significant financial services industry experience, including Executive Chairman Witmer and: James R. VanSickle II, Wayne's current President and Chief Executive Officer, will serve as President and Chief Executive Officer of the combined company and Chief Executive Officer of the combined subsidiary bank. Mr. VanSickle will also serve as the interim Chief Financial Officer of the combined company and subsidiary bank. Richard A. Lucas, Main Street's current Chief Executive Officer, will serve as President of the combined bank subsidiary. Todd J. Simko, Main Street's current Executive Vice President & Chief Business & Risk Officer, will serve as Executive Vice President and Chief Operating Officer of the combined bank subsidiary. Promptly after the date of this announcement, Main Street and Wayne will prepare a joint proxy statement to be presented to the shareholders of each of Main Street and Wayne, seeking approval of the transaction. If an exemption from registration under the Securities Act of 1933 is not reasonably and satisfactorily available for the issuance of the shares of Main Street common stock, Main Street and Wayne will cooperate in the preparation and filing with the SEC a Form S-4 registration statement for the Main Street shares. The transaction is expected to close in the second half of 2023, subject to satisfaction of customary closing conditions, including regulatory approvals and approvals from both of Wayne and Main Street shareholders. Directors and certain executive officers of both companies have entered into voting support agreements to vote their shares in favor of the proposed transaction.
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FSR CHPT | Hot Stocks08:17 EST Fisker names ChargePoint as North America partner for EV charging stations - Fisker (FSR) named ChargePoint (CHPT) as Fisker's North American partner for electric vehicle public charging solutions. The Fisker and ChargePoint collaboration will provide Fisker EV owners with access to more than 210,000 active ports under management, with over 16,700 DC fast charge ports and over 400,000 roaming ports. The two companies intend to make it easy for drivers to access ChargePoint's network of Level 2 and DC fast chargers, and roaming partner stations; which together encompass more than 80% of public charging spots in North America.
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HZNP | Hot Stocks08:17 EST Horizon updates Uplizna data from analyses of the N-MOmentum trial for NMOSD - Horizon Therapeutics announced new data from two post-hoc analyses of the N-MOmentum clinical trial of UPLIZNA for the treatment of neuromyelitis optica spectrum disorder will be presented at the eighth annual Americas Committee for Treatment and Research in Multiple Sclerosis Forum, February 23-25, 2023, in San Diego. These data suggest UPLIZNA does not increase susceptibility to COVID infection or deplete childhood vaccine-generated antibodies. UPLIZNA is the first and only B-cell-depleting monotherapy approved by the U.S. Food and Drug Administration and the European Commission for the treatment of NMOSD in adults who are anti-aquaporin-4 immunoglobulin G seropositive . "UPLIZNA prevents NMOSD attacks by targeting CD19-expressing B cells that are a key driver of NMOSD activity," said Bruce Cree, M.D., Ph.D., MAS, study author and professor of Clinical Neurology at the University of California San Francisco Weill Institute for Neurosciences. "Through ongoing studies and clinical use, we are learning that UPLIZNA's impact on NMOSD activity is very focused and may not interfere with certain other immune responses. Patients treated with UPLIZNA appear to not be more susceptibile to COVID-19 infections or to develop waning immunity from prior vaccinations due to treatment."
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W | Hot Stocks08:16 EST Wayfair reports 22.1M active customers as of Dec. 31, 2022, down 19% y/y - Active customers totaled 22.1 million as of December 31, 2022, a decrease of 19.0% year over year. LTM net revenue per active customer was $553 as of December 31, 2022, an increase of 10.4% year over year. Orders per customer, measured as LTM orders divided by active customers, was 1.81 for the fourth quarter of 2022, compared to 1.89 for the fourth quarter of 2021. Orders delivered in the fourth quarter of 2022 were 11.0 million, a decrease of 9.1% year over year. Repeat customers placed 77.4% of total orders delivered in the fourth quarter of 2022, compared to 76.3% in the fourth quarter of 2021. Repeat customers placed 8.5 million orders in the fourth quarter of 2022, a decrease of 7.6% year over year. Average order value was $283 for the fourth quarter of 2022, compared to $269 for the fourth quarter of 2021. In the fourth quarter of 2022, 61.7% of total orders delivered were placed via a mobile device, compared to 59.0% in the fourth quarter of 2021.
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ENLV | Hot Stocks08:16 EST Enlivex receives clearance from Spanish AEMPS for Phase I/II of Allocetra - Enlivex Therapeutics announced that the Spanish Agency of Medicines and Medical Devices, AEMPS, has authorized the expansion of the Company's Phase I/II of Allocetra in patients with advanced solid malignancies. The clearance of the Phase I/II by the AEMPS follows recent announcements by the Company that the study received IND clearance from the U.S. Food And Drug Administration for recruitment of patients in the U.S., the independent Data Safety Monitoring Board has completed its prespecified data review for the first cohort of patients in the Phase I/II trial and the Israeli Ministry of Health had reviewed the data and provided regulatory clearance to continue the study and open the subsequent high dose monotherapy and combination cohorts. The Phase I/II multi-center clinical trial has been designed to evaluate the safety, tolerability and preliminary efficacy of Allocetra alone, and in combination with a PD1 checkpoint inhibitor, in patients with advanced solid tumors. The Phase I/II trial was initiated following encouraging preclinical studies conducted in collaboration with Yale Cancer Center that showed a substantial, statistically significant survival benefit when Allocetra was combined with a PD1 checkpoint inhibitor in a murine model of ovarian cancer, and additional models that demonstrated statistically significant survival benefit when Allocetra was combined with a PD1 or CTLA-4 checkpoint inhibitors in a murine model of peritoneal mesothelioma. Einat Galamidi, MD., Vice President, Medical of Enlivex, stated "We are pleased with the AEMPS' regulatory clearance to expand our clinical trial into Spain. We believe that AllocetraTM has the potential to provide a paradigm shift in treatment of advanced solid tumors, and we look forward to data readouts, including safety and potential indication of effect in patients, currently expected during 2023 and 2024."
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BXRX | Hot Stocks08:14 EST Baudax Bio discontinues commercialization of ANJESO - Despite having distinct benefits as the first and only once-daily, non-opioid IV analgesic, market conditions are not favorable for the introduction and commercialization of a new pain management product in the hospital market. As a result, Baudax Bio has formally discontinued the commercialization of ANJESO and the product is currently on hold due to these business conditions.
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QURE | Hot Stocks08:13 EST uniQure announces HOPE-B trial published in NEJM - uniQure N.V. announced that its partner, CSL, announced the publication in the New England Journal of Medicine, NEJM, of results from the pivotal HOPE-B clinical study evaluating the efficacy, durability and safety of HEMGENIX. HEMGENIX is the first and only gene therapy approved for the treatment of adults with hemophilia B who currently use factor IX prophylaxis therapy, or have current or historical life-threatening bleeding, or have repeated, serious spontaneous bleeding episodes. The multi-year clinical development of HEMGENIX was led by uniQure and sponsorship of the clinical trials transitioned to CSL after it licensed global rights to commercialize the treatment. HEMGENIX was approved in November 2022 by the U.S. Food and Drug Administration, and in February 2023 by the European Commission for the European Union. Results from the HOPE-B trial, the largest gene therapy study in hemophilia B to date, were considered by the authors to demonstrate that HEMGENIX is superior to routine factor IX prophylaxis in Annualized Bleeding Rate, factor IX activity, factor IX therapy consumption, factor IX infusion rate, and spontaneous and joint bleeding ABR. Increased factor IX activity was also apparent from week 3 and maintained over 18 months. There were no reported serious adverse events related to treatment with HEMGENIX. The most common adverse reactions were elevated ALT, headache, blood creatine kinase elevations, flu-like symptoms, infusion-related reactions, fatigue, malaise and elevated AST.
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TEVA | Hot Stocks08:11 EST Teva announces print publication of IMPACT-TD Scale - Teva Pharmaceuticals, a U.S. affiliate of Teva, announced the print publication of the IMPACT-TD Scale, a standardized and clinician-rated assessment. The scale, developed by a consensus panel, will assist healthcare providers in determining the impact of tardive dyskinesia, or TD, on different aspects of a patient's daily functioning. IMPACT-TD categorizes the consequences of TD symptoms into multiple functional domains: social, psychological/psychiatric, physical and vocational/educational/recreational. The scale was developed to collect insights from not only patients but also family members, caregivers and providers, to help foster more productive dialogue and provide the most comprehensive understanding of the impact of TD.
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ZCMD JNJ | Hot Stocks08:10 EST Zhongchao renews partnership with Johnson & Johnson China - Zhongchao (ZCMD) has renewed the partnership between Zhongchao Medical Shanghai, of which Zhongchao consolidates the operations and financial results through a series of contractual arrangements, and Johnson & Johnson (JNJ) China. The renewed partnership is expected to further strengthen two parities' cooperation in the global advanced field of innovative medical and health. J&J is committed to providing innovative comprehensive medical solutions for Chinese patients and medical and health professionals. Pursuant to the cooperation agreement, Zhongchao Shanghai will provide digital education, multimedia courseware production, medical editing, and related design services for J&J in mainland China.
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MORF | Hot Stocks08:09 EST Morphic sees cash runway into 2H26 - As of December 31, 2022, Morphic had cash, cash equivalents and marketable securities of $348.2 million, compared to $408.1 million as of December 31, 2021. In 2022, Morphic raised net proceeds of $39.2 million from the use of our At-The-Market facility through its use on a single day in the second quarter. To date in 2023, Morphic has not issued any stock through its ATM facility. On February 13, 2023, the Company entered into a securities purchase agreement pursuant with existing investors for a private placement where the Company agreed to sell and issue 848,655 shares of its common stock at a price of $35.35 per share and pre-funded warrants to purchase 1,980,198 shares of common stock at a purchase price of $35.3499 for an aggregate net proceeds of approximately $100.0 million. We believe that our cash, cash equivalents and marketable securities of $348.2 million as of December 31, 2022, together with the $100.0 million raised in our private issuance of common stock and pre-funded warrants in February 2023, will enable us to fund our operating expenses and capital expenditure requirements into the second half of 2026.
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CQP LNG | Hot Stocks08:09 EST Cheniere Energy Partners initiates pre-filing review process with FERC - Cheniere Energy Partners (CQP), a subsidiary of Cheniere Energy (LNG), announced that certain of its subsidiaries have initiated the pre-filing review process under the National Environmental Policy Act with the Federal Energy Regulatory Commission, or FERC, for the proposed Sabine Pass Stage 5 Expansion Project adjacent to the existing Sabine Pass Liquefaction Project. The SPL Expansion Project is being designed for total production capacity of approximately 20 million tons per annum of liquefied natural gas. The SPL Expansion Project is being designed to include up to three large-scale liquefaction trains, each with a production capacity of approximately 6.5 mtpa of LNG, a boil-off-gas re-liquefaction unit with an approximate production capacity of 0.75 mtpa of LNG, and two 220,000m3 LNG storage tanks. The SPL Expansion Project is being designed with accommodations for waste heat recovery as well as carbon capture from acid gas removal units. The SPL Expansion Project is expected to benefit from the significant existing infrastructure at the SPL Project and contemplates various enhancements to its current capabilities, including optimized ship loading at the existing marine facilities. Feed gas related to the SPL Expansion Project is expected to be transported via a combination of new and existing pipelines currently supplying the SPL Project. Cheniere Partners has engaged Bechtel Energy, Inc. to complete a Front-End Engineering and Design study of the SPL Expansion Project.
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FSS | Hot Stocks08:06 EST Federal Signal to acquire Trackless Vehicles for $40M - Federal Signal signed a definitive agreement to acquire substantially all the assets and operations of Trackless Vehicles, a manufacturer of multi-purpose, municipal sidewalk tractors, for initial cash consideration of C$54M or approximately $40M, subject to post-closing adjustments. In addition, the transaction also includes a contingent earn-out payment of up to C$6M. The acquisition also includes the operations of Work Equipment Limited, the exclusive Trackless dealer in Southwestern and Northern Ontario, Canada. Trackless, headquartered in Courtland, Ontario, Canada employs approximately 90 people, generated revenues of approximately C$35M for 2022. The company anticipates completing the transaction over the next 90 days, subject to customary closing conditions, and expects the acquisition to be accretive in 2023.
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RCII | Hot Stocks08:04 EST Rent-A-Center to be known as Upbound Group - Rent-A-Center announced it will now be known as Upbound Group, an omni-channel platform company that enables a broader range of consumers to access flexible financial solutions. The company will begin to trade under the ticker (UPBD) starting on February 27.
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BPMC RHHBY | Hot Stocks08:03 EST Blueprint Medicines to regain global rights to gavreto from Roche - Blueprint Medicines (BPMC) announced it will regain global commercialization and development rights to gavreto, excluding Greater China, following a decision by Roche (RHHBY) to discontinue the collaboration agreement between the companies for gavreto for strategic reasons. Under the terms of the agreement, the termination will be effective 12 months from the notification date of February 22, 2023. During the transition period, Blueprint Medicines and Roche are mutually committed to ensuring a smooth transition process with no anticipated interruptions or changes to patient access. In addition, the company will explore options to advance and simplify the continued global commercialization and development of gavreto. Since the initiation of the collaboration with Roche in July 2020, Blueprint Medicines has benefited from approximately $1B between upfront and milestone payments and from cost-sharing the commercialization and development of gavreto. The company anticipates no impact to its 2023 revenue guidance, which includes $40M-$50M in collaboration revenues from existing collaborations, or its anticipated operating expenses in 2023. In addition, the company continues to expect that its existing cash, cash equivalents and investments, together with anticipated future product revenues, will provide sufficient capital to enable the company to achieve a self-sustainable financial profile.
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TRS | Hot Stocks07:59 EST TriMas to acquire operating net assets of Weldmac, terms undisclosed - TriMas announced that it has signed an agreement to acquire the operating net assets of Weldmac, a designer and manufacturer of metal fabricated components and assemblies for the aerospace, defense and space launch end markets. Upon closing, which is anticipated to occur in the coming months, Weldmac will become part of our TriMas Aerospace group and further advance the strategic growth of our integrated structural solutions product lines comprised of RSA Engineered Products and Martinic Engineering. Located in El Cajon, California, Weldmac is a premier designer and manufacturer of highly-engineered components for a broad range of critical applications across the aerospace, defense, commercial power and space launch industries. Offering numerous AS9100D and National Aerospace and Defense Contractors Accreditation Program certified manufacturing services, Weldmac's comprehensive processes include welding, stamping, punching, hydroforming, forging, laser cutting, custom tooling and machining, as well as advanced quality control inspections and complex assembly utilizing a variety of metals. Weldmac's manufacturing complex is equipped with a wide variety of state-of-the-art lasers, metal forming and fabrication equipment. Weldmac currently operates as a private, family estate-owned company, and generated approximately $33M in revenue in FY22.
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CQP | Hot Stocks07:58 EST Cheniere Energy Partners to expand LNG export capacity at Sabine Pass - Cheniere Energy Partners announced that certain of its subsidiaries have initiated the pre-filing review process under the National Environmental Policy Act with the Federal Energy Regulatory Commission for the proposed Sabine Pass Stage 5 Expansion Project adjacent to the existing Sabine Pass Liquefaction Project The SPL Expansion Project is being designed for total production capacity of approximately 20 million tonnes per annum of liquefied natural gas. The SPL Expansion Project is being designed to include up to three large-scale liquefaction trains, each with a production capacity of approximately 6.5 mtpa of LNG, a boil-off-gas re-liquefaction unit with an approximate production capacity of 0.75 mtpa of LNG, and two 220,000m3 LNG storage tanks. The SPL Expansion Project is being designed with accommodations for waste heat recovery as well as carbon capture from acid gas removal units. The SPL Expansion Project is expected to benefit from the significant existing infrastructure at the SPL Project and contemplates various enhancements to its current capabilities, including optimized ship loading at the existing marine facilities. Feed gas related to the SPL Expansion Project is expected to be transported via a combination of new and existing pipelines currently supplying the SPL Project.
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BDC | Hot Stocks07:56 EST Belden CEO Roel Vestjens resigns, Ashish Chand succeeds - Belden announced that Ashish Chand, EVP of Industrial Automation Solutions and Managing Director of APAC, has been appointed president and CEO. In connection with his appointment, Chand has been appointed to Belden's board of directors. The appointments are effective immediately. Chand succeeds Roel Vestjens, who has resigned from his position as president and CEO and as a member of Belden's board for personal reasons. The company said Vestjens' resignation is unrelated to Belden's strategy, operations, financial reporting, or any other matter related to the performance of the company.
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BABA | Hot Stocks07:55 EST Alibaba jumps 6% to $100.65 after Q3 results beat estimates
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SGNLF | Hot Stocks07:50 EST Signal Gold announces diamond drill results from Goldboro Project - Signal Gold announced diamond drill results from a growth exploration program at its Goldboro Project in Nova Scotia. The growth exploration program, comprised of 2,870 metres in 15 drill holes of diamond drilling, has successfully discovered continued gold mineralization up to 325 metres to the west of the existing Goldboro Deposit Mineral Resource, and mineralization remains open along strike to the west and at depth. Critically, the results demonstrated the same style of gold mineralization and host environment as the Goldboro Deposit. Eight occurrences of visible gold were observed in 102 separate intersections of gold mineralization. Drilling also demonstrated that increased gold mineralization and alteration is coincident with the targeted Induced Polarization chargeability and Very Low Frequency trends. This geophysical signature, along with the current geological interpretation, suggests that the structure which hosts the Goldboro Deposit potentially extends two kilometres west of the current mineralization and is coincident with the past producing Dolliver Mountain Mine. Selected composited highlights from the drill program include: 20.59 g/t gold over 3.0 metres in hole BR-23-383 including 113.90 g/t gold over 0.5 metres; 9.46 g/t gold over 2.0 metres in hole BR-23-381 including 15.40 g/t gold over 0.5 metres; 7.29 g/t gold over 2.5 metres in hole BR-23-382; 4.84 g/t gold over 3.0 metres in hole BR-23-385; and 2.72 g/t gold over 3.5 metres in hole BR-23-385 including 13.40 g/t gold over 0.5 metres. Significant high-grades were also intersected, including: 130.70 g/t gold over 0.5 metres at 79.9 metres in hole BR-22-380; 47.20 g/t gold over 0.5 metres at 229.7 metres in hole BR-22-374; 77.70 g/t gold over 0.5 metres at 123.0 meters in hole BR-22-379; 21.00 g/t gold over 1.0 metres at 210.3 metres in hole BR-22-377; and 28.10 g/t gold over 0.5 metres at 112.1 metres in hole BR-23-381.
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BHC | Hot Stocks07:48 EST Bausch Health not providing consolidated full year guidance - The Company is not providing consolidated full year guidance, as Bausch + Lomb has not provided full year guidance. Bausch Health has provided guidance for the full year of 2023 as follows: Full-year revenue range of $4.45 - $4.6 billionl Full-year adjusted EBITDA range of $2.3 - $2.4 billion.
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AGFAF HITI | Hot Stocks07:47 EST Agra Ventures appoints Kuzyk as permanent CEO, director - Agra Ventures (AGFAF) announces that its Board of Directors has appointed Nick Kuzyk as AGRA's CEO and Director on a permanent basis effective March 1, 2023, subject to the final acceptance of the Canadian Securities Exchange. Based on his performance as Interim CEO and Director over the past six months, the Board has deemed it appropriate for Kuzyk to continue in the roles and, therefore, the search for a permanent CEO is concluded. As previously announced, Nick has cannabis industry experience as the former Chief Strategy Officer and SVP Capital Markets of High Tide Inc. (HITI) from its inception in 2018 until the founding of his independent practice in 2020.
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HNI | Hot Stocks07:46 EST HNI Corporation sees Q1 operating income breakeven - The company said, "The Corporation expects non-GAAP operating income to be approximately breakeven in the first quarter of 2023. This outlook reflects the combination of the seasonally weakest quarter, difficult year-ago comparisons, and the impact of a softening demand environment tied to slowing economic growth."
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PZZA | Hot Stocks07:45 EST Papa John's falls almost 3% after Q4 report, North America SSS up 1% - Shares are down 2.77% or $2.56 per share to $89.78 in pre-market trading on Thursday.
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ATNF | Hot Stocks07:45 EST 180 Life Sciences announces allowance of claims for U.S. patent for dupuytren - 180 Life Sciences announced that the United States Patent and Trademark Office, USPTO, has issued the Company a Notice of Allowance for United States patent application number 17/721,106 entitled "Method of Treating Dupuytren's disease Using a Pre-filled Syringe", which includes claims relating to the use of a citrate-free formulation of 40mg in 0.4mL of adalimumab to be injected into nodules of early-stage Dupuytren's disease every 3 months over a period of 12 months using a syringe with a 25 gauge needle. Dr. James Woody, CEO of 180 Life Sciences, stated, "This allowance by the US Patent Office, and the expected formal patent, represent an important addition to our extensive patent estate on the use of anti-tumor necrosis factor for the treatment of Dupuytren's disease, which we hope in the future may be able to apply to a range of fibrotic disorders and postoperative cognitive decline. The patent relating to the allowance will represent another important step towards our overall strategy for advancing the use of adalimumab for early-stage Dupuytren's disease".
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DPRO | Hot Stocks07:43 EST Vermeer to integrate VPS Payload with Draganfly's Commander 3XL - Draganfly announces that Vermeer will integrate its VPS Payload with Draganfly's Commander 3XL. This partnership will enable Draganfly to collaborate with Vermeer's military and government clients and create solutions using the Company's innovative drone technology. Draganfly's Commander 3XL drone will be integrated with Vermeer's VPS as part of its modular unmanned aerial vehicle platform. VPS technology enables aerial platforms to determine their location in contested, spoofed, and GPS-denied environments. "Our team designed and manufactured the Commander 3XL drone to ensure it was compatible with various interchangeable payloads. Integrating Vermeer's VPS technology with the Commander 3XL will help improve military and defense intelligence, surveillance, and reconnaissance missions," said Cameron Chell, President, and CEO of Draganfly. "We are thrilled to partner with Vermeer to create solutions that help defense agencies protect life, mitigate risk, and reduce liability."
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TLS | Hot Stocks07:42 EST Telos receives follow-on contract with NSA - Telos Corporation announced a five-year contract with the National Security Agency, NSA. With this contract, NSA is continuing its licensing of Xacta 360 and Xacta.io while also acquiring new services to maintain both products in an ever-evolving environment. These services bring enhanced ease of use to the agency, including a robust integration of the Xacta 360 API to replace legacy Extract Transform Load database warehouses with an on-demand, ad-hoc solution in the Xacta API. "Our trusted team of security professionals are working alongside the NSA to secure some of the nation's most critical assets and information," said John Wood, CEO and chairman, Telos. "Our team is proud to further build on the 15-year relationship with the NSA, and we are honored to provide them with the tools necessary to securely and efficiently manage cyber risks."
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LILM RTX | Hot Stocks07:41 EST Lilium, Collins Aerospace partner to build Innovative Inceptor System - Lilium has teamed with Collins Aerospace, to design, develop and build the Lilium Jet's inceptors - the innovative sidestick system used by the pilot to control the aircraft. The Lilium Jet inceptors will provide safe and intuitive handling qualities, easy access to functionalities, and an aesthetic, ergonomic design. While integrating all conventional mechanical and electrical flight controls into two sidesticks, the Collins Aerospace system brings a new piloting philosophy for single pilot operations in the eVTOL realm. The system will also be designed to bring significant space and weight savings compared to conventional sidesticks. Lilium's collaboration with Collins Aerospace continues Lilium's strategy of teaming up with established tier one aerospace suppliers to support certification and prepare the industrial ramp-up. As part of the supplier agreement, Collins Aerospace, with its extensive experience in developing and certifying inceptors for commercial jets, will certify the Lilium Jet's inceptors to commercial aviation standards.
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INSM | Hot Stocks07:41 EST Insmed sees FY23 global revenue from ARIKAYCE $285M-$300M - In 2023, Insmed anticipates that over 80% of total expenditures will be on its mid-to-late stage and commercial programs (ARIKAYCE, brensocatib, and TPIP), and that less than 20% of overall spend will be on its early-stage research programs, reflecting the company's historical approach to spending.
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ALDX | Hot Stocks07:38 EST Aldeyra advances ADX-246, ADX-248 to clinical testing - Aldeyra announced the advancement of two investigational new drug candidates, ADX-246 and ADX-248, to clinical testing, pending completion of FDA investigational new drug, or IND, requirements. ADX-246 and ADX-248 represent the most recent group of product candidates generated from Aldeyra's systems-based drug discovery and development engine focused on novel RASP modulators designed to decrease immune responses that lead to disease. Pending completion of the IND requirements, a Phase 1 clinical trial of orally administered ADX-246 for the treatment of systemic immune-mediated diseases, and a Phase 1/2 clinical trial of intravitreally injected ADX-248 for the treatment of geographic atrophy, a sight-threatening retinal disease, are expected to initiate in the second half of 2023 or early 2024.
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MEIP INFI | Hot Stocks07:36 EST MEI, Infinity report all-stock transaction to advance three oncology candidates - MEI Pharma (MEIP) and Infinity Pharmaceuticals (INFI) announced that the companies entered into a definitive merger agreement for an all-stock transaction forming a company combining the expertise and resources of MEI and Infinity to advance a pipeline of three clinical-stage oncology drug candidates. All three clinical-stage development programs have the potential, in combination with current therapies, to overcome known resistance mechanisms and meaningfully improve patient outcomes. The combined company's clinical-stage oncology development pipeline consists of three differentiated programs: Eganelisib, an oral immuno-oncology macrophage reprogramming product candidate, which is planned to be evaluated in combination with the PD-1 targeted checkpoint inhibitor pembrolizumab (KEYTRUDA(R)) in patients with head and neck squamous cell carcinoma (HNSCC); Voruciclib, an oral CDK9 inhibitor, currently being studied in combination with venetoclax (VENCLEXTA(R)) in patients with hematologic malignancies and ME-344, a novel tumor selective mitochondrial inhibitor targeting the OXPHOS pathway, to be evaluated in combination with bevacizumab (AVASTIN(R)) in patients with relapsed colorectal cancer.
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DPZ | Hot Stocks07:34 EST Domino's Pizza sees FY23 CapEx $90M-$100M
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BBIO | Hot Stocks07:34 EST BridgeBio sees cash runway into 2024 - "We head into 2023 with cash on hand providing us with runway into 2024, and as we read out our key upcoming catalysts we expect to continue to allocate our capital carefully in order to preserve that runway and our optionality," said Brian Stephenson, Ph.D., CFA, Chief Financial Officer of BridgeBio. "We will also continue to look for ways to extend our runway by considering potential royalty monetizations and partnerships."
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DPZ | Hot Stocks07:34 EST Domino's Pizza cuts two-to three-year outlook for global retail sales growth - Given the current macro-economic headwinds that are impacting the company's U.S. delivery business in particular, the company is updating its two-to three-year outlook from 6% to 10% global retail sales growth, excluding foreign currency impact to 4% to 8% global retail sales growth, excluding foreign currency impact and global net unit growth from 6% to 8% to 5% to 7%. The company expects results for fiscal 2023 to come in towards the low-end of the ranges for both metrics. The company looks forward to providing more details at an Investor Day that will be held before the end of calendar 2023.
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MQ | Hot Stocks07:33 EST Marqeta appoints Crystal Sumner as Chief Legal Officer - Marqeta announced the addition of Chief Legal Officer, Crystal Sumner, as a key member of its executive team. Sumner will be responsible for overseeing Marqeta's global legal and regulatory affairs. "Crystal brings deep legal expertise and organizational leadership to Marqeta, with impressive experience helping companies build and scale innovative products in compliance with today's complex regulatory environments," said Simon Khalaf, CEO of Marqeta. "As Marqeta broadens our platform capabilities, Crystal will play an instrumental role in enabling our growth, helping to guide our business strategy and ensure operational efficiency across the entire company."
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RUTH | Hot Stocks07:32 EST Ruth's Hospitality sees FY23 capital expenditures $45M-$50M - Sees FY23 tax rate 17%-19%.
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JAGGF | Hot Stocks07:29 EST Jaguar Mining CFO Hashim Ahmed to step down - Jaguar Mining is announcing that the Company's CFO Hashim Ahmed will be stepping down from his role at the Company to pursue another opportunity. Mr. Ahmed will continue to support Jaguar as CFO in the coming months, and a search for his replacement, which has commenced, will include both internal and external candidates.
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GMSQF | Hot Stocks07:28 EST Gamesquare Esports appoint Tyler 'Ninja' Blevins as CIO - GameSquare announced gaming and pop culture phenomenon Tyler "Ninja" Blevins as its Chief Innovation Officer. As CIO, Blevins will tap his rich experience as an innovator in content to lead the company's efforts in pursuing emerging growth opportunities. This includes launching Ninja Labs, a GameSquare incubator to ideate and develop first-of-its-kind concepts and products directly focused on connecting with youth culture. Core to Blevins' mandate as CIO is to helm Ninja Labs, GameSquare's new innovation hub. Ninja Labs will serve as an innovation pipeline for the research and development of consumer products, original IP, and more. GameSquare partners will also be able to leverage Ninja Labs for future collaborations to connect with young consumers.
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PSN | Hot Stocks07:27 EST Parsons awarded $30M contract by Santa Clara Valley Water District - Parsons Corporation was selected by Santa Clara Valley Water District to provide construction management services for the Rinconada Water Treatment Plan Reliability Improvement Project, Phases 3-6. The $30M contract includes the construction management of new facilities, including raw water ozonation, chemical facility upgrades, dual media filtration, and a chlorine contact basin.
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ASRT | Hot Stocks07:26 EST Assertio Holdings announces exchange offer of $30M of senior notes - Assertio entered into separate, privately negotiated exchange agreements with a limited number of holders of Assertio's currently outstanding 6.50% Convertible Senior Notes due 2027. Pursuant to the Exchange Agreements, Assertio will exchange $30.0 million aggregate principal amount of Exchanged Notes for a combination of a cash payment and an agreed number of shares of Assertio's common stock. Assertio will pay an aggregate of $10.5 million in cash and issue an aggregate of approximately 7.0 million shares of its common stock in the transactions. Assertio will not receive any cash proceeds from the issuance of the shares of its common stock. The transactions are subject to customary closing conditions and are expected to close on February 27, 2023. The shares of Assertio's common stock will be issued in private placements exempt from registration in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended. Upon completion of the transactions, Assertio expects to have $40.0 million aggregate principal remaining outstanding on its 6.50% Convertible Senior Notes due 2027.
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NXTTF | Hot Stocks07:24 EST Mikra begins sales of improved CELLF formulation - Lifeist Wellness announced that its U.S. biosciences subsidiary Mikra Cellular Sciences has commenced online sales of a new and improved formulation of its flagship product CELLF at wearemikra.com. The updated formula will be the debut version to be sold at GNC at gnc.com and Amazon.com. The key improvements to CELLF include: Significantly better taste; Brand new, one-handed accessible sachet design; Protective, environmentally friendly exterior packaging; Now dairy-free and vegan.
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OSIIF | Hot Stocks07:24 EST Osino provides update on H1 2023 exploration program at Twin Hills Gold project - Osino Resources provides an update on its H1 2023 exploration budget for its wholly owned Twin Hills Gold Project in Namibia. David Underwood, Osino's VP Exploration commented: "With this round of drilling Osino aims to further grow the Twin Hills mineral resource by chasing previously identified mineralised shoots and stepping out along strike and at depth. We also aim to increase the reserve by converting inferred ounces to indicated, which will allow them to be included in the DFS and produce a more even gold production profile. In addition, we are now refocusing on near-pit exploration by testing some of our excellent targets and surface anomalies. We are particularly excited about the district targets at OJW and Rheinsheim which have large surface geochemical expressions, good rock chip and channel results on surface, and have never been drill-tested before."
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NEM | Hot Stocks07:23 EST Newmont announces new dividend structure - Newmont announces a sustainable base dividend of $1.00 per share; at base reserves price of $1,400 per ounce Incremental dividend payout of $0.40 to $0.80 per share; calibrated at $1,700 per ounce and incorporating free cash flow impacts from industry-wide inflationary pressures and a period of meaningful reinvestment Annualized dividend payout range of $1.40 to $1.80 per share ; subject to quarterly approval by Board of Directors Declared fourth quarter 2022 dividend of $0.40 per share ; set at the midpoint of the 2"Newmont safely delivered on our commitments in 2022 and finished the year from a position of strength, meeting our full year production guidance and generating $4.6 billion in adjusted EBITDA and $1.1 billion in free cash flow. As we look ahead to 2023 and beyond, we expect to steadily increase production and improve costs from our balanced, global portfolio of world-class assets and robust project pipeline. We remain committed to our disciplined and balanced approach to capital allocation, allowing us to maintain an investment-grade balance sheet while steadily reinvesting in the business and providing superior returns to shareholders through our industry-leading dividend framework. With more than 100 years of history and experience, Newmont is well-positioned to continue safely delivering industry-leading results, while remaining grounded in our values and driven by our purpose to create value and improve lives through sustainable and responsible mining." 023 dividend payout range.
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DG | Hot Stocks07:23 EST Dollar General falls 7% to $210.00 after lowering Q4, FY22 outlook
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MKUL | Hot Stocks07:22 EST Molekule to preview pre-clinical allergen trial results at AAAAI annual meeting - Molekule Group will showcase new research findings at the 2023 American Academy of Allergy, Asthma, and Immunology, AAAAI, Annual Meeting. Gathering researchers and experts in allergies, asthma, and immunology, the AAAAI Annual Meeting will take place February 24-27 at the Henry B. Gonzalez Convention Center in San Antonio, Texas. "Indoor air quality is of the utmost importance to patients worldwide," stated Gregory Bensch, M.D., President of Allergy, Asthma, and Immunology Medical Group. "Molekule's recent study demonstrates that even undetectable amounts of allergens can precipitate type 2 inflammation that drives rhinitis and asthma in many patients. In this study model, PECO technology demonstrated the ability to reduce allergens to levels that are not only undetectable, but can prevent this inflammatory response."
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APGOF | Hot Stocks07:22 EST Apollo Silver announces preliminary results from metallurgical testing - Apollo Silver reports preliminary results for silver recovery via bottle roll testing from its 2022 Metallurgical Test Program for the Waterloo deposit. The 2022 Test Program, which is one component of the 2022 Calico Technical Program, is an initial investigation in the overall metallurgical program for the Calico Silver Project, located in San Bernardino County, California. Up to 61% silver recovery using conventional cyanide leaching for ball mill fine grind material. Recovery of up to 72% achieved using a fluoride-assisted leach. Up to 80% silver recovery from ultra-fine grinding of the material. High Pressure Grinding Roll product showed a 50 to 100% percent increased silver recovery over conventional crushed material. Silver recoveries are favorable and in line with those of an active operation for a similar style deposit. These results will be incorporated into the ongoing work to update the Waterloo Property 2022 Mineral Resource Estimate 1, which forms part of the Calico Project MRE1. The resource update is expected to be completed as scheduled in early March. "These initial metallurgical test program results from the Waterloo property are positive," commented Apollo's President and CEO Tom Peregoodoff. "The results show that mineralization at Waterloo responds well to typical processing and recovery technologies, and they are consistent with recoveries at a currently operating silver mine. These results are being incorporated into the ongoing resource estimation work program which we anticipate will be complete in early March. Final results and reporting for the remaining test work for the program are pending, however we expect these to be available in March."
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INAB | Hot Stocks07:22 EST In8bio presents preclinical data on nsCAR platform - IN8bio announced the ability of its novel non-signaling gamma-delta CAR-T platform, nsCAR, to selectively target leukemic cells while preserving healthy B cells. The findings were presented by Dr. Lawrence Lamb, IN8bio's Chief Scientific Officer, during a Plenary session titled "Leveraging the Nexus of the Immune System with Gamma-Delta CAR-T Cells" at the 6th CAR-TCR Summit Europe on February 23rd. "This powerful approach could be used in indications such as acute myeloid leukemia and solid tumor cancers where on-target, off-tumor expression would result in toxicities with significant risks to patients," said Lawrence Lamb, Ph.D., co-founder and Chief Scientific Officer of IN8bio. "While CD19 was a preclinical proof-of-concept, we look forward to advancing the nsCAR platform into solid tumor indications as well as promising targets for AML, such as CD33."
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KRP | Hot Stocks07:22 EST Kimbell Royalty Partners sees 2023 net production 16.3-18.1 Mboe/d
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NEM | Hot Stocks07:21 EST Newmont reports FY22 attributable gold ounces of 96.1M vs. 92.8M last year - Newmont Corporation reported higher gold Mineral Reserves of 96.1 million attributable ounces for 2022 compared to the Company's 92.8 million ounces at the end of 2021. Newmont has significant upside to other metals, including more than 15 billion pounds of copper reserves and nearly 600 million ounces of silver reserves.
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SBIG | Hot Stocks07:20 EST SpringBig introduces two marketing features, debuts new brand identity - springbig debuted its new logo and added two marketing features to its suite of marketing solutions. "The Company's new logo highlights springbig's growth and reaffirms its commitment to helping businesses cultivate rewarding connections with their customers; while the Company's new brand identity, the springbig Bolt, exemplifies the brand's evolution as a leader in SaaS-based marketing solutions," the company said. springbig has also added two marketing features to its renowned suite of solutions: Build Your Own Audience and Compare Campaigns. "Our latest features elevate the marketing efforts of dispensary owners and eliminate the need for additional customer data platforms," said Jeffrey Harris, CEO of springbig. "These additions to the springbig platform will help our clients create tailor-made marketing campaigns and offers that make customers feel seen and appreciated."
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GNS | Hot Stocks07:20 EST Genius Group reminds shareholders on dtes to redeem NFT coupon - Genius Group reminds shareholders on the key dates to redeem their $10 per ordinary share Blockchain-based Digital Discount Coupon. The Record Date for shareholders to claim the $10 per share NFT coupon is set for Tuesday, February 28, 2023. The Issue Date is scheduled for Wednesday, March 15, 2023 subject to Genius Group's dual listing being approved. Shareholders have three months to claim their $10 NFT and six months to convert their NFT to GeniusU Genius Education Merits.
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EMOTF | Hot Stocks07:18 EST Emerita Resources announces additional assay results from La Romanera Deposit - Emerita Resources announces additional assay results from the ongoing 2022 - 2023 delineation drilling program at La Romanera Deposit, part of Emerita's wholly owned Iberian Belt West project, IBW project. According to Joaquin Merino-Marquez, P.Geo., Emerita's President and Director, "These results in the deep central zone of the deposit increase the resource potential of La Romanera at depth. The company will drill step outs around holes LR087 and LR107, at a 50 m by 50 m spacing for resource estimation. The company maintains 14 rigs on the IBW project. Downhole Electromagnetics and mise a la masse will be performed on LR087 and two other existing drillholes to map the extensions of mineralization at depth beyond the current 500 m depth. This technique has been applied on deeper targets at other locations in the Iberian Pyrite Belt with considerable success."
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NEM | Hot Stocks07:18 EST Newmont declares 40c per share dividend - Newmont announced that its Board of Directors declared a dividend of $40c per share of common stock for the fourth quarter of 2022, payable on March 23, 2023 to holders of record at the close of business on March 9, 2023.
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SLHG | Hot Stocks07:18 EST Skylight Health announces closure of operations in Colorado - Skylight Health announced the closure of Rocky Mountain Health Care clinics in Colorado as part of its continued effort to streamline its business and aggressively cut costs to preserve cash. "We have come to realize that we need to shed all of our loss-making businesses immediately to preserve the strong core business operating out of Florida," said Prad Sekar, CEO and Co-Founder of Skylight Health Group. "In order to survive during the difficult capital market environment, we have put an emphasis on generating positive cash flow and working to reduce liabilities. This will be a difficult process, but our team is determined to do what it takes to ensure we remain solvent with a view to focus our energy on our strong core value-based care business."
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CCOI | Hot Stocks07:18 EST Cogent increases quarterly dividend 1.1% to 92.5c per share - Cogent's board approved a regular quarterly dividend of 92.5c per share payable on March 24 to shareholders of record on March 10. This first quarter 2023 regular dividend represents an increase of 1c per share, or 1.1%, from the fourth quarter 2022 regular dividend of 91.5c per share and an annual increase of 8.2% from the first quarter 2022 dividend of 85.5c per share.
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AVIR | Hot Stocks07:17 EST Atea Pharmaceuticals presents drug interaction profile of bemnifosbuvir - Atea Pharmaceuticals announced that data from three Phase 1 studies suggest a favorable drug-drug interaction profile. No dosage adjustment is needed for CYP3A substrates or for drugs that are sensitive substrates of efflux and hepatic uptake transporters when co-administrated with bemnifosbuvir. CYP3A is an enzyme that metabolizes many classes of prescribed medicines and medicinal supplements, and efflux/hepatic uptake transporters regulate cellular trafficking of many drugs that are commonly prescribed to patients that are at high risk for severe COVID-19. These results were presented at the Conference on Retroviruses and Opportunistic Infections, which took place February 19-22, 2023 in Seattle, Washington. Bemnifosbuvir is an investigational orally administered, direct-acting antiviral. It is being evaluated in the global SUNRISE-3 Phase 3 registrational trial for the treatment of COVID-19 in non-hospitalized patients at high risk for disease progression to hospitalization and death. Title: No Dose Adjustments for CYP3A4 Substrates When Co-Administered with Bemnifosbuvir: Results from a Phase 1, open-label, drug-drug interaction study suggest that no dose adjustments are needed when bemnifosbuvir is co-administered with drugs that are substrates of CYP3A4. In the study, bemnifosbuvir was administered with midazolam in 24 healthy participants and was well tolerated. Results showed a single dose of bemnifosbuvir only slightly increased the plasma exposure of MDZ. After repeat dosing of bemnifosbuvir simultaneously administered with MDZ, bemnifosbuvir increased plasma MDZ without affecting the exposure of the 1-hydroxymidazolam. Title: Bemnifosbuvir Has Low Potential to Inhibit P-gp, BCRP and OATP1B1 Mediated Transport Results from two Phase 1, open-label, drug-drug interaction studies suggest bemnifosbuvir has low potential to exhibit clinically meaningful inhibition of P-glycoprotein or breast cancer resistance protein/organic anion transporter polypeptide 1B1 drug transporters. Therefore, no dose adjustment is expected for drugs that are sensitive substrates of these transporters when co-administered with bemnifosbuvir. The efflux transporters P-gp and BCRP and the hepatic uptake transporter OATP1B1 regulate cellular trafficking of many drugs that are commonly prescribed to patients that are at high risk for severe COVID-19. These drugs include immunosuppressants, certain antibiotics, statins and other cardiovascular medications, certain diabetes medicines and chemotherapy. The studies assessed the effect of bemnifosbuvir on digoxin and rosuvastatin, which were used as P-gp and BCRP/OATP1B1 index drugs, respectively. Bemnifosbuvir administered with DIG or ROSU was well tolerated in the 29 healthy participants that were included in each study. A single high dose of bemnifosbuvir 1100 mg simultaneously administered with DIG slightly increased the Cmax of DIG yet had no effect on its AUC, which is consistent with the transient nature of bemnifosbuvir plasma pharmacokinetics. When dosed staggered, bemnifosbuvir did not affect the PK of DIG. A single dose of bemnifosbuvir 1100 mg administered with ROSU slightly increased the plasma exposure of ROSU.
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CSIQ | Hot Stocks07:15 EST Canadian Solar unit secures 487 MWh battery supply agreement with Aypa Power - Canadian Solar announced that CSI Energy Storage, which is part of its majority-owned subsidiary CSI Solar Co., Ltd., has been selected to provide 487 MWh of SolBank energy storage products to Aypa Power, a Blackstone portfolio company that develops, owns and operates utility-scale energy storage and hybrid renewable energy projects across North America. The energy storage products provided by CSI Energy Storage will be used to support Aypa Power's 487 MWh standalone energy storage project in Southern California. The standalone energy storage project is expected to be operational by the first half of 2024. The project will utilize CSI Energy Storage's SolBank, a proprietary battery energy storage solution designed and manufactured for utility-scale applications.
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REGN BAYRY | Hot Stocks07:15 EST Regeneron announces U.S. FDA accepted priority review for BLA for aflibercept - Regeneron Pharmaceuticals (REGN) announced that the U.S. Food and Drug Administration, FDA, has accepted for Priority Review the Biologics License Application, BLA, for aflibercept 8 mg for treatment of patients with wet age-related macular degeneration, wAMD, diabetic macular edema, DME, and diabetic retinopathy. The FDA target action date is June 27, 2023 following the use of a priority review voucher. The BLA is supported by positive data from two pivotal trials - PULSAR in wAMD and PHOTON in DME - that were previously presented at the 55th Annual Scientific Session of The Retina Society in November 2022. In both trials, patients treated with aflibercept 8 mg met the primary endpoint of non-inferiority in vision gains for both the 12- and 16-week dosing regimens after initial monthly doses at 48 weeks compared to patients treated with an EYLEA Injection 8-week dosing regimen. Additionally, the vast majority of patients randomized to aflibercept 8 mg in both trials were able to maintain the 12- and 16-week dosing regimens to which they were respectively initiated through 48 weeks. The safety profile for aflibercept 8 mg was similar to EYLEA in both trials, and consistent with the known safety profile of EYLEA from previous clinical trials. Comparing aflibercept 8 mg to EYLEA, ocular adverse events occurred in 31% versus 28% in PHOTON and 38% versus 39% in PULSAR, and there were no cases of retinal vasculitis, occlusive retinitis or endophthalmitis in either trial. Aflibercept 8 mg is being jointly developed by Regeneron and Bayer AG (BAYRY). In the U.S., Regeneron maintains exclusive rights to EYLEA and aflibercept 8 mg. Bayer has licensed the exclusive marketing rights outside of the U.S., where the companies share equally the profits from sales of EYLEA and future sales of aflibercept 8 mg following any regulatory approvals.
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NEM | Hot Stocks07:15 EST Newmont sees FY23 gold production 5.7M-6.3M ounces - As previously signaled, 2023 production guidance is between 5.7 and 6.3 million gold ounces; steadily improves to between 6.1 and 6.7 million ounces in the longer-term, driven by strong production from world-class assets and an unmatched organic project pipeline; further enhanced by profitable production from other metals Gold CAS guidance is $870 to $970 per ounce and Gold AISC guidance is $1,150 to $1,250 per ounce for 2023, improving longer-term due to declining inflationary pressure assumptions and increased production levels Sustaining capital guidance is $1.0 to $1.2 billion for 2023, consistent with longer-term averages
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ARVN | Hot Stocks07:14 EST Arvinas expects cash to fund requirements into 2026 - Based on its current operating plan, Arvinas believes its cash, cash equivalents, restricted cash and marketable securities as of December 31, 2022, is sufficient to fund planned operating expenses and capital expenditure requirements into 2026.
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MRNA | Hot Stocks07:14 EST Moderna says $2.8B remaining under latest buyback authorization - Moderna said the $3B share repurchase program announced in February 2022 was completed early in the fourth quarter 2022. The company has commenced repurchases from the additional $3B program announced in August 2022, and currently has $2.8B remaining under this latest authorization.
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CCCC | Hot Stocks07:13 EST C4 Therapeutics announces upcoming milestones - CFT7455: Present Phase 1 dose escalation data from the Phase 1/2 clinical trial of Arm B1, evaluating CFT7455 as a monotherapy in MM, in the second half of 2023. CFT8634: Present Phase 1 dose escalation data from the Phase 1/2 clinical trial in the second half of 2023 in synovial sarcoma and SMARCB1-null solid tumors. CFT1946: Continue site activation and patient enrollment of the dose escalation portion of the CFT1946 Phase 1/2 clinical trial in BRAF V600 mutant solid tumors. Present new preclinical data on the discovery and characterization of CFT1946 at 2023 AACR Annual Meeting in April. CFT8919: Submit an Investigational New Drug application for CFT8919 for the treatment of NSCLC in the first half of 2023.
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DG | Hot Stocks07:11 EST Dollar General falls 7% to $210.00 after lowering Q4, FY23 outlook
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OPCH | Hot Stocks07:09 EST Option Care Health board authorizes $250M share repurchase plan - The Company announced that its Board of Directors authorized the Company to repurchase up to $250 million shares of its common stock. The extent to which the Company repurchases shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by the Company's management.
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VBLT | Hot Stocks07:07 EST VBL Therapeutics, Notable Labs enter definitive merger agreement - VBL Therapeutics and Notable Labs announced they have entered into a definitive merger agreement. The combined company will focus on the advancement of Notable's proprietary Predictive Precision Medicines Platform and therapeutic pipeline focused on cancer patients with high unmet medical needs. Immediately after the merger, Notable stockholders are expected to own approximately 76% and VBL Therapeutics shareholders are expected to own approximately 24% of the combined company, each on a fully-diluted basis and subject to adjustment. The combined company is expected to operate under the name Notable Labs, Ltd. with its shares listed on the Nasdaq Capital Market under the ticker symbol 'NTBL.' Notable's PPMP combines multi-dimensional biological assays and machine learning to bio-simulate a patient's cancer treatment and predict their clinical response to the actual treatment. Three clinical validation studies with recognized academic centers have demonstrated PPMP's high precision in accurately predicting clinical responders. PPMP has guided Notable in the selection and development of two clinical-stage therapeutic candidates in platform-predicted responding patients with AML. Notable's lead asset derived from PPMP is Volasertib, a highly potent PLK1 inhibitor proven to induce cell cycle arrest and apoptosis in various cancer cells. Phase 2a results for Volasertib in adult AML are expected in 3Q 2024. Notable expects to use PPMP to identify, in-license, and fast-track additional undervalued assets as it builds out its development pipeline. Concurrent with the execution of the merger agreement, a healthtech-focused investor syndicate, including existing Notable stockholders Builders VC, B Capital Group, Y Combinator, First Round Capital, and Founders Fund, have entered into a definitive securities purchase agreement with Notable to invest $10.3 million in gross proceeds prior to the close of the proposed merger. After completion of the merger, the combined company is expected to be capitalized with a cash runway into 2025. Under the terms of the merger agreement, pending approval of the transaction by VBL Therapeutics' shareholders and Notable's stockholders, Notable will merge with a wholly-owned Delaware subsidiary of VBL Therapeutics, and stockholders of Notable will receive newly issued ordinary shares. Immediately after the merger, Notable stockholders are expected to own approximately 76% and VBL Therapeutics shareholders are expected to own approximately 24% of the combined company, in each case on a fully diluted basis as set forth in the merger agreement. The percentage of the combined company that the respective companies' shareholders will own after completion of the merger is subject to adjustment based on the amount of VBL Therapeutics' net cash at the closing date and the net proceeds from Notable's pre-merger financing, among other adjustments, in each case as described in the merger agreement. The merger agreement has been unanimously approved by the Board of Directors of each company. The merger is expected to close in the second quarter of 2023, subject to receipt of necessary approvals by the stockholders of each company and other customary closing conditions. The combined company will be led by Notable's current management team and will be headquartered in Foster City, California. The Board of Directors of the combined company is expected to consist of up to seven members, one of which will be designated by VBL Therapeutics and the remainder of which will be designated by Notable.
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MRNA | Hot Stocks07:07 EST Moderna backs forecast of $5B in COVID-19 sales contracted for 2023 delivery - Sees "additional sales from key markets".
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PZZA | Hot Stocks07:06 EST Papa John's: North America comparable sales were up 1% in Q4 YoY - North America comparable sales were up 1% from a year ago and up 26% on a three-year stack; International comparable sales were down 3% from a year ago and up 20% on a three-year stack. Global system-wide restaurant sales were $1.20 billion, a 3%(a) increase over the prior year. Total revenues of $526 million were down $3 million, or less than 1%, from a record fourth quarter 2021. Revenues increased 3% excluding the impact of refranchising 90 restaurants in the first quarter of 2022.
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MRNA | Hot Stocks07:06 EST Moderna sees FY23 CapEx at about $1.0B and R&D expense at about $4.5B
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KYMR | Hot Stocks07:05 EST Kymera Therapeutics sees cash runway into 2H25 - As of December 31, 2022, Kymera had approximately $559.5 million in cash, cash equivalents, and investments. Kymera expects that its cash and cash equivalents will provide the company with an anticipated cash runway into the second half of 2025 that is expected to take the company past the proof-of-concept Phase 2 data for KT-474, as well as early proof-of-concept data for KT-413, KT-333 and KT-253, while Kymera continues to identify opportunities to accelerate growth and expand its pipeline, technologies, and clinical indications.
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KYMR | Hot Stocks07:05 EST Kymera Therapeutics announces 2023 objectives - The Company's recent data, generated in healthy volunteers and patients with HS, AD, hematological malignancies and solid tumors, demonstrated its industry leading, proprietary know-how in TPD and its progress in developing medicines in areas of significant patient and commercial opportunity. In January, the Company outlined its strategic objectives for 2023: Collaborate with Sanofi to initiate KT-474 Phase 2 clinical trial; Publish results of KT-474 Phase 1 trial including patient cohorts; Demonstrate clinical anti-tumor activity in target patient populations for KT-333 and KT-413; Initiate KT-253 Phase 1 trial in solid and hematological tumors and demonstrate clinical proof-of-mechanism in patients; Deliver at least 2 new development candidates ; Investigational New Drugs from the preclinical pipeline in areas of large clinical and commercial opportunity and pathways where TPD has potential to provide either the only or the best-in-class solution; Further expand the capabilities of Kymera's Pegasus platform and continue to leverage Kymera's E3 Ligase Whole-Body Atlas of over 600 unique E3 ligases, with a focus on tissue restricted E3 ligases; Expand novel molecular glue franchise in areas of unmet medical need, exploiting a newly identified degron motif; Advance existing collaborations, or execute additional strategic partnerships, that support the company's evolution into a fully integrated, global biopharmaceutical company
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DG | Hot Stocks07:00 EST Dollar General sees FY23 SSS growth 3%-3.5% - While the company will discuss its plans and expectations for the fiscal year ending February 2, 2024, in more detail on its upcoming call, it currently expects the following for fiscal 2023: Same-store sales growth in the range of 3.0% - 3.5%, and diluted earnings per share growth in the range of approximately 4% - 6%, including anticipated negative impacts of the following: approximately three percentage points due to higher interest expense in fiscal 2023, and approximately four percentage points due to lapping the fiscal 2022 53rd week.
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SNAP | Hot Stocks06:56 EST Snapchat rolls out new Sounds features - In a blog post, Snapchat said, "Today we're excited to announce Sounds Recommendations for Lenses and Sounds Sync for Camera Roll, new Sounds creative tools that make it even easier to create and share. With over 250 million Snapchatters engaging with augmented reality everyday, Snap's leading AR Lens technology combined with Sounds deliver both a hyper-expressive experience to engage with friends and a powerful distribution tool for artists to share their music with fans. Since launching Sounds, videos created with music from Sounds on Snapchat have collectively resulted in over 2.7 billion videos created and over 183 billion views! Sounds Recommendations for Lenses is a new way for Snapchatters to find relevant Sounds to complement a Lens. When applying a Lens to a photo or video, Snapchatters can tap the Sounds icon to access a list of relevant Sounds to add to a Snap. Available in the US and rolling out globally on iOS and Android. Sounds Sync for Camera Roll photos and video allows Snapchatters to create montage videos that are automatically in rhythm to the beat of audio tracks from the Sounds library. Snapchatters can select between 4-20 photos/videos from their camera roll. Available in the US and rolling out globally on iOS and coming to Android in March." Reference Link
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RHHBY | Hot Stocks06:55 EST Roche launch two new antibodies to identify mutations in brain cancer patients - Roche announced the launch of the IDH1 R132H , MRQ-67, Rabbit Monoclonal Primary Antibody and the ATRX Rabbit Polyclonal Antibody to identify mutation status in patients diagnosed with brain cancer. "A patient's IDH1 status helps determine eligibility for clinical trials, which offers more treatment options, and may one day lead to potential targeted therapies for people fighting brain cancer," said Matt Sause, CEO of Roche Diagnostics. Immunohistochemistry is recommended by all major glioma practice guidelines for determining IDH1 R132H and ATRX mutation status. The IDH1 assay can also detect the IDH1 R132H mutation in acute myeloid leukaemia. Roche's IDH1 and ATRX assays are optimised and fully-automated on the BenchMark series of instruments. The two tests are now available in the US. They will likely be available in other non-CE markets later this year and in countries that accept the CE mark in 2024.
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MRNA MRK | Hot Stocks06:55 EST Moderna, Merck granted FDA Breakthrough Therapy Designation for mRNA-4157/V940 - Moderna (MRNA) and Merck (MRK) announced that mRNA-4157/V940, an investigational personalized mRNA cancer vaccine, in combination with KEYTRUDA, Merck's anti-PD-1 therapy, has been granted Breakthrough Therapy Designation by the U.S. Food and Drug Administration for the adjuvant treatment of patients with high-risk melanoma following complete resection. The FDA granted Breakthrough Therapy Designation based on positive data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 trial. "The FDA's Breakthrough Designation for mRNA-4157/V940 in combination with KEYTRUDA reflects the excitement that we have for the potential promise of individualized cancer treatments. mRNA-4157/V940 in combination with KEYTRUDA provided the first demonstration of efficacy for an investigational mRNA cancer treatment in a randomized clinical trial and potentially represents a new frontier in treating melanoma and other cancers. We look forward to publishing the full data set and sharing the results at an upcoming oncology medical conference, as well as continuing discussions with health authorities. We are grateful to the FDA for this designation," said Stephen Hoge, M.D., Moderna's President. "This is an important milestone in the development of mRNA-4157/V940 in combination with KEYTRUDA. We look forward to working with the FDA, in collaboration with Moderna, to conduct a rigorous and rapid clinical development program with a focus on addressing the needs of this important patient population," said Dr. Eric H. Rubin, senior vice president, global clinical development, Merck Research Laboratories.
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SBUX | Hot Stocks06:53 EST Starbucks introduces Starbucks Oleato coffee, olive oil beverages - In a Tuesday blog post, Starbucks CEO Howard Schultz said, "Transformation was Starbucks catalyst for growth, both for our business and for our purpose as a company. And our embrace of this growth mindset means that our quest for transformative inspiration is never ending-we must always be searching for new ideas, or old ideas that can be transformed into something exceptional. This summer, I was once again captivated by a transformational idea while traveling through Italy. I came across a time-honored tradition that transformed my coffee experience and improved my life. It was wholly unexpected, yet the possibilities filled me with excitement. Today, we reassert our enduring aspiration to deliver coffee innovation to customers around the world, by bringing together two time-honored Italian traditions to create a new coffee ritual-a unique alchemy of two of nature's most transcendent ingredients: coffee and olive oil. As with anything we have ever done, the proof is in the cup. When you take your first sip of one of our innovative new Starbucks Oleato beverages, you will taste a unique blend of artistry, craft, premium quality ingredients and bold innovation that create a truly extraordinary experience. This is much bigger than any beverage-it demonstrates the creativity and bold vision that makes Starbucks a global leader in coffee innovation." Reference Link
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DEN | Hot Stocks06:48 EST Denbury sees 2023 CapEx $350M-$370M - Denbury announced 2023 capital budget range for oil and natural gas development of $350M-$370M, and for carbon capture, utilization, and storage, or CCUS, capital expenditures of $140M-$160M. 2023 capital expenditures will be focused on expanding the company's CO2 transportation and dedicated storage network by adding strategically-located sequestration sites to its portfolio, expanding existing sequestration sites with nearby leasing, and drilling a number of stratigraphic test wells. In addition, Denbury expects to acquire additional rights of way and long-lead items for CO2 pipeline connections to sequestration sites and industrial customers. Excluded from the capital budget amount are equity investments that Denbury may make from time to time to increase the scale of its CCUS operations.
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AZN | Hot Stocks06:46 EST AstraZeneca announces license agreement with KYM Biosciences for CMG901 - AstraZeneca and KYM Biosciences Inc. have entered into a global exclusive license agreement for CMG901, a potential first-in-class antibody drug conjugate targeting Claudin 18.2, a promising therapeutic target in gastric cancer, AstraZeneca announced. Under the license agreement, AstraZeneca will be responsible for the research, development, manufacture and commercialization of CMG901 globally. CMG901 is currently being evaluated in a Phase I clinical trial for the treatment of Claudin 18.2-positive solid tumours, including gastric cancer. Preliminary results from the Phase I trial have shown an encouraging clinical profile for CMG901, with early signs of anti-tumour activity across the dose levels tested. AstraZeneca will make an upfront payment of $63M on transaction closing and additional development and sales-related milestone payments of up to $1.1B to KYM Biosciences as well as tiered royalties up to low double digits. The transaction is expected to close in the first half of 2023, subject to customary closing conditions and regulatory clearances. The transaction does not impact AstraZeneca's financial guidance for 2023.
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DEN | Hot Stocks06:46 EST Denbury sees 2023 oil and natural gas production 46K-49K BOE/day - Denbury anticipates oil and natural gas sales volumes for 2023 between 46,000 and 49,000 barrels of oil equivalent per day, with 97% of the volumes expected to be oil. The midpoint of the 2023 production range is up approximately 1.5% from 2022, primarily due to the anticipated commencement of production from the CCA EOR development in the second half of 2023. Lease operating expense is estimated to range between $29 and $31 per BOE during 2023, slightly higher than in 2022 primarily due to higher expected CO2 costs.
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DEN | Hot Stocks06:43 EST Denbury, Aqualung Carbon Capture announce partnership - Aqualung Carbon Capture is excited to announce the strategic carbon capture and sequestration partnership with Denbury. In conjunction with the partnership, Denbury will make an equity investment in Aqualung, expanding on our strong shareholder base. Aqualung's CO2 capture technology has demonstrated the ability to significantly reduce the cost of capture utilizing our membrane technology and is being prioritized to industrial facilities across low and high levels of CO2 concentration. The targeted CO2 capture sources are initially sub 1 million metric tons per year of CO2 which represent ~90% of the stationary emitters. The agreement with Denbury provides Aqualung with additional insight and access into the transportation and sequestration sector and for Denbury, insight into the cost of capture technology aspects. Based on the industrial sources, the two companies will work together to provide a complete solution for emitters starting from capture at emission source all the way to sequestration. Denbury's equity investment will accelerate Aqualung's US strategy with a target to begin sending commercial CO2 into Denbury's pipeline during 2024.
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BABA | Hot Stocks06:38 EST Alibaba CEO sees 'continued recovery in consumer sentiment' - We delivered a solid quarter despite softer demand, supply chain and logistics disruptions due to impact of changes in COVID-19 measures," said Daniel Zhang, Chairman and CEO of Alibaba Group. "Looking ahead, we expect continued recovery in consumer sentiment and economic activity. We are focused on driving growth for our customers amid the competitive landscape, and creating sustainable, long-term value for our shareholders." "During the past quarter, we continued to improve operating efficiency and cost optimization that resulted in robust profit growth," said Toby Xu, CFO of Alibaba Group. "Our net cash position remains strong and we continue to generate healthy cash flow. During the quarter ended December 31, 2022, we repurchased 45.4 million ADSs for approximately $3.3 billion under our share repurchase program as part of our ongoing commitment to improve our shareholder return."
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HUM | Hot Stocks06:32 EST Humana to exit Employer Group Commercial Medical Products business - Humana announced that it will be exiting the Employer Group Commercial Medical Products business, which includes all fully insured, self-funded and Federal Employee Health Benefit medical plans, as well as associated wellness and rewards programs. No other Humana health plan offerings are materially affected. The company remains committed to the long-term growth of its core Insurance lines of business, including Medicare Advantage, Group Medicare, Medicare Supplement, Medicare Prescription Drug Plans, Medicaid, Military and Specialty, as well as its CenterWell healthcare services business. Following a strategic review, the company determined that the Employer Group Commercial Medical Products business was no longer positioned to sustainably meet the needs of commercial members over the long term or support the company's long-term strategic plans. The exit from this line of business will be phased over the next 18 to 24 months. The company is committed to ensuring a smooth transition of services for members and commercial customers. "This decision enables Humana to focus resources on our greatest opportunities for growth and where we can deliver industry leading value for our members and customers," said Bruce D. Broussard, Humana's President and Chief Executive Officer. "It is in line with the company's strategy to focus our health plan offerings primarily on Government-funded programs (Medicare, Medicaid and Military) and Specialty businesses, while advancing our leadership position in integrated value-based care and expanding our CenterWell healthcare services capabilities. We are confident in Humana's continued success, and our commitment to improving the health of those we serve is unwavering." Financial results for Employer Group Commercial Medical Products will be adjusted for non-GAAP purposes going forward and are not expected to impact the company's full year 2023 Adjusted earnings per share guidance. Based on the seasonality of Employer Group Commercial Medical Products earnings, the company now expects first-quarter 2023 earnings to represent approximately 33 percent of full-year 2023 Adjusted EPS, after considering the non-GAAP treatment of the Employer Group Commercial Medical business. This compares to the approximately 35 percent estimate previously disclosed, which did not take into account the non-GAAP treatment of Employer Group Commercial Medical earnings. Further, due to this seasonality dynamic, the non-GAAP treatment of Employer Group Commercial Medical results is also anticipated to increase the first-quarter 2023 Insurance segment benefit ratio by approximately 30 basis points, with no impact expected on the full-year 2023 Insurance segment benefit ratio.
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MBGYY | Hot Stocks06:29 EST Mercedes-Benz E-Class to feature TikTok, Angry Birds, Webex, Zoom - The company said, "Customers can look forward to a particularly immersive entertainment experience in the new E-Class. Music, games and streaming content can be experienced in the car with almost all the senses. Thanks to digital innovations in the interior, the E-Class is now more intelligent, achieving a new dimension of personalisation and interaction. At the same time, the electronic architecture is more software-driven and less hardware-driven. This forms the basis for more individual updating of the interior systems in the future. The computing functions of previously separate domains take place in a single processor. Screens and the MBUX infotainment system thus share a new, very powerful central onboard computer. This form of networking improves performance, as the data streams can be transmitted significantly faster. The E-Class launch starts with the Saloon model. The first models of the 214 series will arrive at the European dealerships in summer 2023. In the USA, the market launch will take place in autumn 2023...The entertainment experience for the front passenger is always impressive. On his/her optional screen, the front passenger can watch dynamic content such as TV or video streaming1 even when the driver at the wheel is looking over at them. This is because the display is switchable. The advanced camera-based visual shield function reduces its brightness and thus reduces the risk of distraction for the driver.The entertainment programme in the E-Class is more interactive than ever. The software experts at Mercedes-Benz have developed a new compatibility layer that allows the installation of third-party apps. The following apps are available on the central display on the launch of the E-Class: the entertainment platform "TikTok", the game "Angry Birds", the collaboration application "Webex", the office application "Zoom" and the browser "Vivaldi". In addition, the ZYNC entertainment portal offers video streaming, on-demand content, interactive experiences, local video programmes, sports, news, games and much more on the central and passenger displays, via one user interface. Another new feature is a selfie and video camera on top of the dashboard When the vehicle is stationary, the driver can participate in online video conferences via e.g. Webex, and take personal photos and videos." Reference Link
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YETI | Hot Stocks06:28 EST Yeti falls 9% to $36.02 after Q4 results, FY23 guidance miss estimates
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BBWI | Hot Stocks06:17 EST Bath & Body Works taking enterprise-wide effort to reduce expenses - The company announced today it is undertaking an enterprise-wide effort to reduce expenses and improve operating efficiency in the business. The company recently engaged external advisors to assist in a comprehensive analysis of margin expansion and expense reduction opportunities with the goal of positioning the business for improved profitability. The company is targeting $200M of annual cost savings with over half of those savings contemplated in its 2023 outlook, primarily impacting the second half of the year. A substantial portion of the remaining savings is expected to be realized in 2024.
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BBWI | Hot Stocks06:07 EST Bath & Body Works responds to Third Point intent to nominate board candidates - Bath & Body Works issued the following statement in response to an announcement by Third Point that it intends to nominate candidates to stand for election to the Bath & Body Works board at the company's 2023 annual meeting of stockholders: "The Bath & Body Works Board and leadership team are united in their focus on driving enhanced shareholder value creation, and we regularly consider the input and recommendations of all our shareholders. However, the Board strongly disagrees with the views expressed in Third Point's letter. The Board is committed to best-in-class corporate governance practices, including as it relates to compensation and Board refreshment. The Company received an approval vote of over 95% on its most recent Say-on-Pay proposal in 2022, and the Board has diligently pursued refreshment over the years, with 75% of the Company's directors having joined since 2019. This has resulted in a diverse, experienced and highly qualified Board with the relevant expertise necessary to effectively guide the Company's strategy and position Bath & Body Works for continued long-term growth and success. Today, of the 12 directors on our Board, 11 are independent and seven are members of diverse communities: female, people of color and/or LGBTQIA+. Lucy Brady and Steve Voskuil, the most recent additions to the Board announced earlier this month, further strengthen the Board through their respective areas of expertise. Ms. Brady has exceptional global digital strategy and customer loyalty and engagement experience developed through a long career in the consumer industry across both executive and consulting roles. Mr. Voskuil is a highly accomplished executive with over 30 years of experience who brings global consumer products expertise and strong financial and capital allocation experience to the Board. The Company has engaged constructively and in good faith with Third Point over the past several months in an effort to understand its views and avoid a proxy contest. Ms. Brady's and Mr. Voskuil's appointments were the product of the Board's and management's extensive engagement with Third Point. At Third Point's request, the Board interviewed candidates Third Point recommended, including Ms. Brady. The Board determined that Ms. Brady's skills and experience would be highly valuable and complementary to the skills and experience of existing directors, and that Ms. Brady would make significant contributions to the Board and the Company. The Board considered Third Point's feedback that the Board would benefit from additional financial and capital allocation expertise, and following a thorough search and vetting process determined that Mr. Voskuil was the right addition to enhance the Board in these areas. We value the perspectives of all Bath & Body Works shareholders and are open to opportunities that support our commitment to drive value creation and strong operating performance. It is unfortunate that Third Point has chosen to announce its intent to pursue a costly public proxy fight despite the Board's good faith engagement efforts over the past several months. The Board will review and consider Third Point's proposed nominations in due course once they are received. The Board remains focused on serving the best interests of the Company and all our shareholders."
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RYCEY | Hot Stocks06:05 EST Rolls-Royce sees 2023 operating profit GBP 0.8B-GBP 1B - Sees FCF GBP 0.6B-GBP 0.8B.
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RYCEY | Hot Stocks06:04 EST Rolls-Royce implements transformation program including strategic review - The company said, "We have carried out extensive work to benchmark our performance against that of our peers. This work shows that there is significant scope for us to deliver materially higher profit, cash flows and returns. We will create a stronger, growing business with a clear proposition for investors based upon delivering: a high quality and competitive business, focused on profitable performance and operational efficiency; growing sustainable cash flows, generated from operations and disciplined capital investment; and a strong balance sheet and growing shareholder returns. We have already begun an ambitious transformation programme to deliver a step-change in our performance. It consists of seven workstreams, each led by a senior executive: Efficiency and simplification - delivering sustainable cost efficiencies. Commercial optimisation - getting the right reward for the risks we take and the value we create for customers. Working capital - delivering a significant and structural reduction across the Group. Business improvement - each business unit building and delivering plans to address performance gaps to realise its potential. Strategic review - enabling prioritisation of investment opportunities. Performance management - delivering on our expectations of high performance from all businesses and employees. Purpose and culture - instilling our people with the right mindset to be confident, proactive and timely in our actions. The outcomes of these workstreams will drive a clear and granular plan. We will communicate this to you alongside medium-term financial targets in the second half of the year."
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JNCE | Hot Stocks05:40 EST Jounce, Redx Pharma announce recommended all share merger transaction - Redx Pharma and Jounce Therapeutics announce an unanimously recommended business combination of the two companies via a proposed all share merger transaction. Redx is a clinical-stage biotechnology company focused on the discovery and development of novel, small molecule, targeted therapeutics for the treatment of cancer and fibrotic diseases and the emerging area of cancer-associated fibrosis. The business combination will create a transatlantic organization with proven expertise in both small molecule drugs and biologics, and a clinical pipeline with multiple value inflection points in the near and medium term. The combined group's highest priority will be the development of RXC007, a next-generation selective ROCK2 inhibitor, which is currently being assessed in a Phase 2a study in idiopathic pulmonary fibrosis, or IPF, with topline data expected in Q1 2024. ROCK2 inhibition is now a commercially validated target with potential in multiple disease areas, following the recent FDA approval and launch of the first drug with this mechanism of action. In addition to the ongoing clinical development plan in IPF, Redx has also generated supportive preclinical data that highlights the broad potential of next-generation ROCK2 inhibitors across a number of fibrotic indications where there remains a significant unmet need, which supports potential development opportunities in other interstitial lung diseases and cancer-associated fibrosis. Additionally, RXC004 is being developed as a targeted treatment for Wnt-ligand dependent cancers and is progressing through Phase 2 trials, and RXC008, a GI-targeted ROCK inhibitor for fibrostenotic Crohn's disease, is expected to enter clinical development in H1 2024.At the time of the completion of the business combination, Jounce is expected to have around $155M of cash and cash equivalents, which net of any tail and closing costs results in at least $130M in cash and cash equivalents available to the combined group. Together with Redx's expected cash at completion would provide the combined group with cash runway into H2 2025. Based on Redx's fully diluted market capitalization of $294M as at the Last Practicable Date and Jounce's expected cash and cash equivalents at the time of completion, this implies a market value for the combined group of $425M, before taking into account the value of Jounce's existing clinical and non-clinical stage programs. Under the terms of the business combination, Redx Shareholders shall be entitled to receive 0.2105 Jounce Shares in exchange for each Redx Share. Jounce intends to conduct a reverse stock split of Jounce Shares in conjunction with the business combination, with a ratio of one new share for every five outstanding shares of Jounce. A reverse split is a share exchange transaction, without any impact on the amount of the share capital: only the number of outstanding shares is modified. If the reverse stock split is approved by Jounce Shareholders, the exchange ratio will be adjusted to 0.0421 Jounce Shares in exchange for each Redx Share. Immediately following completion of the business combination, including conversion of the Redx Convertible Loan Notes, Redx Shareholders are expected to own approximately 63% and Jounce shareholders approximately 37% of the share capital of the combined group. The business combination is expected to be implemented by way of a Scheme of Arrangement of Redx under Part 26 of the UK Companies Act, immediately preceded by a merger transaction between RM Special Holdings 3, an entity controlled by Redmile, and Jounce and its affiliates, which together will result in Jounce owning the entire issued and to be issued ordinary share capital of Redx. Further details of the Redmile Merger and the ability for eligible Redx Shareholders to request that their Redx Shares be transferred to Jounce via a similar merger structure are set out in the Rule 2.7 announcement. In connection with the business combination, a non-transferrable Contingent Value Right, or CVR, is expected to be distributed to Jounce Shareholders that held Jounce shares prior to completion of the business combination and holders of Jounce Share Awards immediately prior to completion of the business combination comprising vested options, relating to certain existing Jounce clinical and non-clinical stage programs. The CVRs shall entitle the relevant Jounce Shareholders to receive, on a pro rata basis, subject to certain terms and conditions, 80% of the net proceeds resulting from any sale, transfer, disposition, spin-off, or license of certain assets relating to such programs that is consummated within one year following the business combination, subject to one six-month extension term in certain limited circumstances, as set forth in the CVR agreement. The boards of both Redx and Jounce have unanimously recommended that shareholders vote in favor of the business combination. In connection with the business combination, Jounce has received irrevocable undertakings from Redx Shareholders who together own 76.6% of Redx's share capital as of 22 February 2023 and RM3 has entered into the Redmile merger agreement conditional on the Court sanctioning the Scheme and will receive the same exchange ratio. Both Redmile and Sofinnova have agreed to convert all the Redx Convertible Loan Notes held by them respectively as part of the transaction. Redx has also received voting and support agreements in respect of Jounce shares, representing, in aggregate, approximately 21.3% of the issued and outstanding share capital of Jounce. Full details of the undertakings and voting and support agreements are contained in the Rule 2.7 announcement. It is expected that the business combination will complete during the second quarter of 2023, subject to satisfaction or waiver of the conditions including approval of the Scheme by Redx Shareholders, Jounce Shareholder approvals, and customary regulatory approvals.
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JNPR IBM | Hot Stocks05:23 EST Juniper expands collaboration with IBM for automation in radio network solutions - Juniper (JNPR) announced that the company plans to expand its collaboration with IBM (IBM) to pursue the integration of IBM's network automation capabilities with Juniper's Radio Access Network, or RAN, optimization and Open Radio Access Network, or O-RAN, technology. The planned collaboration will seek to deliver a unified RAN management platform that will be designed to use intelligent automation to better enable communications service providers, or CSPs, to monetize, optimize and scale their investments in next-generation networks and provide better experiences to mobile users.
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LDOS | Hot Stocks05:21 EST Leidos named principle contractor for London Luton Airport technology upgrades - Leidos was recently named the principle contractor for technology upgrades across multiple security checkpoints at London Luton Airport, or LLA. As one of the UK's busiest airports, LLA served over 13M passengers in 2022. As the principal contractor, Leidos manages all subcontractors and associated consultants working on the project. This includes oversight of building modifications to create two central image processing rooms. The company will also install its security systems and other third-party security solutions at the checkpoints. Under the agreement, Leidos will deploy 12 of its integrated ClearScan cabin baggage scanners and ProPassage automated tray return systems. ClearScan is a computed tomography scanner with advanced explosive detection algorithms. This capability eliminates the need to remove electronics and approved liquids from carry-on baggage. The large, automated ProPassage trays reduce the number of trays needed per passenger in the divest area and helps prevent sweep-outs, a common issue with light items in shallow trays. The combination of these two technologies will enable faster processing of passengers through the checkpoint.
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INFY MSFT | Hot Stocks05:16 EST Infosys, Microsoft expand cloud adoption collaboration - Infosys (INFY) announced that it will expand its collaboration with Microsoft (MSFT), to help accelerate enterprise cloud transformation journeys worldwide. According to the Infosys Cloud Radar, enterprises can add up to $414B in net new profits, annually, through effective cloud adoption. The report also calculated that adopting cloud improved speed to market and the ability to discover new revenue streams and resulted in increased profit growth by up to 11.2% YoY. The extended strategic collaboration between Infosys and Microsoft will offer Infosys Cobalt cloud offerings and Microsoft's cloud computing technologies, led by Azure, across the business value-chain.
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ABBV | Hot Stocks05:08 EST AbbVie, Capsida announce expanded genetic medicines for eye diseases pact - AbbVie and Capsida Biotherapeutics announced an expanded strategic collaboration to develop genetic medicines for eye diseases with high unmet need. AbbVie's extensive capabilities will be paired with Capsida's novel adeno-associated virus, or AAV, engineering platform and manufacturing capability to identify and advance three programs. The collaboration builds upon the neurodegenerative disease partnership announced in 2021. Under the terms of the expanded agreement, Capsida will receive $70M, consisting of upfront payments and a potential equity investment. For the three programs, Capsida may be eligible to receive up to $595M in option fees and research and development milestones, with potential for further commercial milestones. Capsida is also eligible to receive mid-to-high single-digit royalty payments on future product sales. Capsida will lead capsid discovery efforts for all programs using its high throughput AAV engineering platform and will be responsible for process development and early clinical manufacturing. AbbVie will lead innovative therapeutic cargo approaches and be responsible for development and commercialization.
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