Stockwinners Market Radar for May 02, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TDOC | Hot Stocks20:07 EDT Cathie Wood's ARK Investment bought 110K shares of Teladoc today
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COIN | Hot Stocks20:06 EDT Cathie Wood's ARK Investment bought 147K shares of Coinbase today
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COIN | Hot Stocks20:05 EDT Coinbase Cathie Wood's ARK Investment bought 147K shares of Coinbase today
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ZG | Hot Stocks19:59 EDT Zillow Group builds ChatGPT plugin for real estate searches - Zillow "announced the launch of the Zillow ChatGPT plugin, which gives users a new way to discover real estate listings. Users who enable the plugin can use conversational language to ask about specific property listings or share the types of for-sale and rental homes they are interested in, including location, price range, and bedroom and bathroom count. The Zillow plugin then retrieves relevant information from Zillow's extensive database of real estate listings."
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BOH | Hot Stocks19:18 EDT Bank of Hawaii director buys $201K in common stock - In a regulatory filing, Bank of Hawaii disclosed that its director Alicia Moy bought 4.2K shares of common stock on May 1st in a total transaction size of $201K.
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RXN | Hot Stocks19:12 EDT Rexnord co-CEO Schwimmer sells 35,505 common shares - In a regulatory filing, Rexford Industrial Realty co-CEO Howard Schwimmer disclosed the sale of 35,505 common shares of the company on April 28 at a price of $55.9384 per share.
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FISV | Hot Stocks18:55 EDT Fiserv COO sells 8,000 common shares - In a regulatory filing, Fiserv COO Guy Chiarello disclosed the sale of 8,000 common shares of the company on May 1 at a price of $121.69 per share.
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LOGI | Hot Stocks18:46 EDT Logitech CEO: We love where we are, we're gaining market share - In an interview on CNBC's Mad Money, Bracken Darrell said the company is investing in innovation and received 100 design awards over the past year. "We're in three or four big secular areas. We're poised for growth," he noted.
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ABNB | Hot Stocks18:34 EDT Airbnb to roll out 'extensive set of improvements' Wednesday, says CEO - Airbnb CEO Brian Chesky said in a tweet: "I've heard your feedback about how to improve Airbnb. Tomorrow, we're rolling out our most extensive set of improvements ever." Reference Link
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QSR | Hot Stocks18:23 EDT Restaurant Brands EC: Food inflation and worker shortages have started to ease - In an interview on CNBC's Mad Money, Patrick Doyle said 40% of the company's earnings come from Tim Hortons and it had an exceptional quarter. It has a strong digital presence in Canada and there is huge upside as only one third of orders come from the app. Driving franchisees at the restaurant level is a priority, he noted.
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CRGY | Hot Stocks18:20 EDT Crescent Energy to acquire operated interest in Western Eagle Ford assets - Crescent Energy Company announced that it has entered into a definitive purchase agreement to acquire operatorship and incremental working interest in its existing Western Eagle Ford assets from Mesquite Energy, Inc. for total consideration of $600M in cash, subject to customary purchase price adjustments. The accretive acquisition is consistent with Crescent's strategy of acquiring high-value, cash flowing assets while maintaining financial strength. The transaction is expected to close early in the third quarter of 2023, subject to customary closing conditions. Crescent CEO David Rockecharlie said, "This acquisition cements our position as a leading consolidator in the Eagle Ford and is consistent with the low-risk, acquire and exploit strategy that we've employed for the past decade. We know these assets well as an active non-operated owner for the last six years and see meaningful upside potential through increased scale and operatorship. As operator, we look forward to engaging with all stakeholders to improve performance and maximize value across this high-quality asset base." The asset is 100% operated with approximately 75,000 contiguous net acres, primarily located in Dimmit and Webb counties, Texas. The transaction is expected to close early in the third quarter of 2023, subject to customary closing conditions, with an effective date of March 1, 2023. In conjunction with the signing of the transaction, the Company entered into additional hedges in-line with its risk-management strategy. The Company expects to update its 2023 outlook incorporating the acquisition upon closing.
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MSFT | Hot Stocks18:16 EDT Microsoft exec sells $9.18M in common stock - In a regulatory filing, Microsoft disclosed that its Chief Commercial Officer Judson Althoff sold 30K shares of common stock on May 1st in a total transaction size of $9.18M.
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F | Hot Stocks18:02 EDT Ford says has selected competitive landscapes 'extremely carefully' - Says not going to price just to gain market share. Says will always balance profit with scaling. Says will not grow at any cost. Says commodity prices not coming down "as quickly as thought." Sees cost cuts of $2B in 2023, short of $2.5B goal. Expects leaner, lower investment in China. Expects banks to pull back from auto lending.
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KKR | Hot Stocks18:02 EDT KKR to acquire CoolIT Systems - KKR and CoolIT Systems announced the signing of a definitive agreement under which KKR will acquire CoolIT. The investment will support the Company's ability to scale and serve its global customers across the data center market, including the enterprise, high-performance computing, and cloud service provider segments as well as in desktop computing. Founded in 2001, CoolIT designs, engineers and manufactures advanced liquid cooling solutions for the data center and desktop markets. CoolIT's patented Split-Flow Direct Liquid Cooling technology is designed to improve equipment reliability and lifespan, decrease operating cost, lower energy demand and carbon emissions, reduce water consumption and allow for higher server density than legacy air-cooling methods. As part of this transaction, CoolIT will expand its equity ownership program to make all employees owners of the Company. KKR is investing in CoolIT through its Global Impact strategy. The transaction is expected to close in the Q2, subject to regulatory approvals and customary closing conditions.
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CLEU | Hot Stocks17:39 EDT China Liberal Education announces termination of merger pact with AIWAY - China Liberal Education Holdings Limited announced that effective April 30, it terminated its previously announced Agreement and Plan of Merger with AIWAYS Holdings Limited AIWAYS, a global new energy vehicle brand, by sending written notice to AIWAYS.T Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, stated, "Although the proposed business combination with AIWAYS did not come to fruition, China Liberal's strength as a standalone business is indisputable. Our strategic plan offers a clear roadmap for future growth, and we are eager to build on our leadership position and capitalize on numerous promising opportunities ahead. Our focus has always been on creating shareholder value, and we remain committed to this vital objective as we move forward."
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SBUX | Hot Stocks17:36 EDT Starbucks says China store traffic rebounded in Q2 - Says Q2 marked "significant turning point" in China. Says doesn't expect straight-line China recovery. Says Japan and U.K. saw double digit SSS growth. Says business and brand "remain strong." Says will continue to face uncertainties for remainder for fiscal 2023.
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HCA | Hot Stocks17:32 EDT HCA Healthcare CFO Cuffe sells 12,556 common shares - In a regulatory filing, HCA Healthcare CFO Michael Cuffe disclosed the sale of 12,556 common shares of the company on April 28 at a price of $284.4374 per share.
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CZR | Hot Stocks17:27 EDT Caesars says will generate positive EBITDA in 2023 - Says trends in Las Vegas remained strong in Q1. Says launching new standalone iCasino app in Q3. Says expects to begin testing in-house player count system this year, which is expected to result in shared wallet in 2024. Says expects year-over-year net revenues will continue to grow each quarter. Says still expects capital expenditures of $800M. Says targets third consecutive year of $1B of permanent debt reduction. Says Q2 is generally most difficult comp. Says feels good about business in April and through the rest of the quarter in Vegas. Says weather in Northern Nevada cost about $20M of EBITDA in the quarter. Says will generate positive EBITDA in 2023. Says 80% of digital business is non-Nevada. Says expects digital business EBITDA to breakeven in seven months. Says could be pushing toward $5B of EBITDA by 2025. Comments taken from Q1 earnings conference call.
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F | Hot Stocks17:24 EDT Ford says growth across all key metrics in Q1 - Says Ford Pro developing into a "resilient" business. Says plans to be "surgical" in EV market. Says does not subscribe to the "win vehicle share at any cost theory." Says "pleased, but not satisfied" with results. Says balance sheet remains strong. Sees FY23 CapEx $8-$9B. Comments taken from Q1 earnings conference call.
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WTS | Hot Stocks17:21 EDT Watts Water boosts dividend 20% to 36c per share - Watts Water Technologies declared that the corporation will pay a quarterly dividend of 36c per share on each outstanding share of the company's Class A common ctock and Class B common stock, said dividend to be paid on June 15 to stockholders of record at the close of business on June 1.
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SBUX | Hot Stocks17:21 EDT Starbucks says China recovery can be attributed to brand strength - Says out of stock on more items than company would like. Says company to streamline store purchasing. Says China recovery can be attributed to strength of global brand. Says launch of Oleato drink was "highly successful." Says "pleased" to see international strategy working.
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FFIE | Hot Stocks17:19 EDT Faraday Future receives additional 180-day extension from Nasdaq - Faraday Future Intelligent Electric announced that the company has received a second 180-day extension to meet NASDAQ's $1 minimum bid price requirement for ten consecutive trading days from NASDAQ Stock Market LLC. With this extension, the company has been given an additional 180 days to regain compliance.
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LMT | Hot Stocks17:16 EDT Lockheed Martin awarded $1.44B Navy contract - Lockheed Martin was awarded a cost-plus-incentive-fee, cost-plus-fixed-fee not-to-exceed $1.44B undefinitized contract. This contract provides for the continued development of critical F-35 warfighting capabilities, to include Electronic Warfare Band 2/5 Radar Warning Receiver, Modernized Countermeasure Controller, Multi-ship Infrared Search and Track Increment 2, and Beyond Line of Sight communications, as well as supports required training and combat data systems development for Lots 16 and 17 production aircraft for the Air Force, Navy, Marine Corps, Foreign Military Sales, or FMS, customers, and non-Department of Defense, or DOD, participants. Work is expected to be completed in March 2028. The Naval Air Systems Command is the contracting activity.
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INAB | Hot Stocks17:13 EDT IN8bio to present data on potential of INB-400 to target ovarian cancer - IN8bio will present preclinical data showcasing the potential of INB-400 to target ovarian cancer at the American Society of Cell & Gene Therapy, ASGCT, Annual Meeting, in Los Angeles from May 16-20. High-grade serous ovarian cancer, HGSOC, is the most common and devasting form of ovarian cancer, comprising approximately 70-80% of deaths. While poly ADP-ribose polymerase inhibitors, PARPi, have improved patient outcomes, recurrence remains a significant obstacle and unmet medical need. INB-400 is an O6-methylguanine-DNA methyltransferase genetically engineered, chemotherapy resistant gamma-delta T cell product that can recognize and kill cancer cells. INB-400 has shown promising results in preclinical studies, demonstrating a powerful synergistic combination of chemotherapy and gamma-delta T cell therapy to eliminate residual cancer cells. The new data to be presented at ASGCT builds on that success, demonstrating the ability of INB-400 to target and kill multiple ovarian cancer cell lines. "We believe the technology targeting the DNA damage response pathway underlying our INB-400 program has broad applicability across many solid tumor cancers," said Lawrence Lamb, Ph.D., co-founder and Chief Scientific Officer of IN8bio. "These data demonstrate the potential of gamma-delta T cells to target and kill solid tumor cells outside the brain. We are encouraged by these findings and will continue exploring the potential of INB-400 across a broad range of solid tumors where new treatment options are urgently needed."
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SBUX | Hot Stocks17:12 EDT Starbucks says company can still improve store operations - Says well-positioned to unlock value for all stakeholders. Says company "uniquely" in the business of "human connection." Says company can still improve store operations. Says acknowledges need to streamline and simplify operations. Comments taken from Q2 earnings conference call.
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DK | Hot Stocks17:00 EDT Delek US raises quarterly dividend to 23c from 22c per share - The dividend will be paid on May 22, 2023, to shareholders of record on May 15, 2023.
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SMCI | Hot Stocks16:52 EDT Super Micro Computer jumps 10% to $115.38 after Q3 results and guidance
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BOX | Hot Stocks16:50 EDT Box unveils Box AI, to integrate advanced AI models with Box Content Cloud - Box unveiled Box AI, a new suite of capabilities that will natively integrate advanced AI models into the Box Content Cloud, bringing Box's enterprise-grade standards for security, compliance, and privacy to this breakthrough technology. Box AI will make it easier than ever to uncover and share insights, find timely answers to critical questions, and effortlessly create content based on an organization's data in Box. The company also announced that it will integrate OpenAI's most advanced AI models with the Box Content Cloud, further enabling new ways to understand and create content on Box. "We are at the start of a platform shift in enterprise software driven by recent advancements in generative AI, and nowhere is the potential impact greater than in enterprise content," said Aaron Levie, Co-Founder and CEO of Box. "We've seen a step function improvement in our ability to analyze and synthesize the massive amounts of data contained within an organization's unique documents, videos, presentations, spreadsheets, and more. When combined with AI, we will be able to unlock the value of this content and make every person in a company smarter and more productive. Content is an organization's most important data, and with Box AI we're just getting started with how we'll transform the way work gets done."
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LTHM | Hot Stocks16:48 EDT Livent jumps 11% to $23.25 after Q1 earnings beat, guidance raise
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NRDS | Hot Stocks16:45 EDT NerdWallet falls 9% to $11.43 after Q1 earnings
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RMD | Hot Stocks16:43 EDT ResMed names Michael Rider Global General Counsel, Haake chief quality officer - ResMed announced the appointment of two new executive team members: Michael Rider, Global General Counsel & Secretary, effective July 1 and Dawn Haake as ResMed's first Chief Quality Officer, effective May 1. Both joined ResMed's executive team on May 1 and report to the Office of the CEO.
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HLF | Hot Stocks16:42 EDT Herbalife falls 9% to $12.97 after Q1 earnings miss
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POWL | Hot Stocks16:40 EDT Powell expects deliver improved revenues in FY23 and FY24 - Commenting on the Company's outlook, Michael Metcalf, Powell's CFO said, "We are very encouraged by the level of commercial activity across our core end markets, while many of the margin initiatives that we have been working on are beginning to deliver positive results. Further, the current cadence of project activity in our $1.0B backlog, combined with our capacity levels and the strength of the balance sheet, put us in a strong position to execute on our order book and fulfill our commitments to our customers. Concurrent with these operational objectives, we continue to evaluate both new organic investments into the business as well as inorganic opportunities as we progress our corporate strategy. As such, and given the current activity levels across our market sectors, we took an important step forward in the Q2, amending our credit facility by increasing the capacity in order to ensure our continued commercial success. Taken altogether, we are confident that Powell will deliver improved revenues and earnings in FY23 and into FY24."
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VIRX | Hot Stocks16:40 EDT Viracta Therapeutics CMO Lisa Rojkjaer, M.D to depart - Viracta Therapeutics announced that Chief Medical Officer, Lisa Rojkjaer, M.D., will be leaving the company to pursue another opportunity, effective May 5, 2023. Donald Strickland, M.D., Viracta's Vice President, Clinical Development and Medical Director, and Yisrael Katz, M.D., Senior Medical Director, will continue to oversee Viracta's pivotal NAVAL-1 trial and solid tumor clinical program, respectively.
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VCYT | Hot Stocks16:38 EDT "The Red Journal" data validate clinical utility of Veracyte prostate classifier - Veracyte "announced that data published in the International Journal of Radiation Oncology, Biology, Physics (aka, "The Red Journal") validate the clinical utility of the company's Decipher Prostate Genomic Classifier for helping to guide treatment selection in men with intermediate-risk prostate cancer. The findings are from NRG Oncology/RTOG 0126, a Phase 3 randomized clinical trial of patients with intermediate-risk prostate cancer treated with definitive radiotherapy without concomitant hormone therapy. This is the first randomized study to validate any gene-expression biomarker in this patient population, adding further evidence to support the Decipher Prostate test's utility. To assess the prognostic performance of the Decipher Prostate test in the intermediate-risk, post-biopsy setting, researchers utilized patient biopsy samples from the NRG/RTOG 0126 National Cancer Institute-sponsored clinical trial. This study enrolled patients with intermediate-risk prostate cancer, and then compared clinical outcomes following randomization to two different doses of radiation therapy (70.2 Gy vs 79.2 Gy) without any concurrent hormone therapy (aka, androgen deprivation therapy, or ADT). Researchers generated Decipher scores for 215 patients from their biopsy samples, then linked the data with clinical outcomes assessing multiple oncologic and survival endpoints. Patients were followed for a median of 12.8 years. Results show that the Decipher Prostate test was independently prognostic for all clinical endpoints, including disease progression (sub-distribution hazard ratio [sHR] 1.12), biochemical failure (sHR 1.22), distant metastasis (sHR 1.28), and prostate cancer-specific mortality (sHR 1.45). Overall, men in the study with higher Decipher Prostate test scores had worse 10-year outcomes with radiotherapy alone compared to men with lower Decipher Prostate test scores. The 10-year rate of distant metastasis among men with lower Decipher Prostate test scores was 4%, as compared to 16% among those with higher scores."
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GLPG | Hot Stocks16:38 EDT Galapagos announces departure of COO and CFO Bart Filius - Galapago announced the departure of Bart Filius, President, Chief Operating Officer and Chief Financial Officer. Bart Filius joined Galapagos in 2014 as Chief Financial Officer and subsequently took on the responsibility as Chief Operating Officer in 2017. In 2021, he was named President of the company. In his roles, Bart oversaw finance, business development, commercial strategy, human resources, and other business operations.
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SWK CARR | Hot Stocks16:38 EDT Stanley Black & Decker names Chris Nelson as COO - Stanley Black & Decker (SWK) announced the appointment of Chris Nelson as COO of the company, and Executive Vice President and President of Tools & Outdoor, effective June 14. Nelson joins Stanley Black & Decker from Carrier Corporation (CARR).
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AUPH | Hot Stocks16:37 EDT Aurinia says ISS recommends holders vote for company's board nominees - Aurinia Pharmaceuticals Inc. announced that leading independent proxy advisor Institutional Shareholder Services has recommended that Aurinia shareholders vote FOR the re-election of all eight incumbent directors to the Board of Directors at the Company's 2023 Annual General Meeting. ISS' positive recommendation follows an April 26 report from Glass Lewis, another leading independent proxy advisor, which also recommended that shareholders vote for the re-election of all incumbent directors. "Aurinia is pleased that ISS and Glass Lewis recognize the Board and management's pivotal role in the Company's continued growth and momentum," the company said. "Aurinia's Board also appreciates the feedback and continued strong support of our shareholders."
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ASTI | Hot Stocks16:36 EDT Ascent Solar terminates CEO Jeffrey Max, names CFO Paul Warley successor - Ascent Solar Technologies announced today that the Board of Directors has terminated Jeffrey Max, ASTI's President and Chief Executive Officer, effective April 26. The Company also announced that it has named its Chief Financial Officer, Paul Warley, as the Company's Chief Executive Officer, effective immediately. Mr. Warley will remain in his current role as CFO on an interim basis until his replacement is appointed by the Company's Board.
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ESQ | Hot Stocks16:34 EDT Esquire Financial raises quarterly dividend 25% to 12.5c per share - Payable on June 1 to each stockholder of record on May 15.
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AFG AIG | Hot Stocks16:34 EDT American Financial to purchase Crop Risk Services from AIG - American Financial Group (AFG) and American International Group (AIG) announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services from AIG. CRS is a primary crop insurance general agent based in Decatur, Illinois, with 2022 gross written premiums of approximately $1.2B and is the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums. Under the terms of the transaction, AFG will pay AIG $240M in cash at closing, subject to certain closing adjustments. AFG expects to use cash on hand to fund the acquisition and the parties anticipate the closing to take place during the third quarter of 2023, subject to obtaining required regulatory approvals and the satisfaction of other customary closing conditions. Carl H. Lindner III, Co-Chief Executive Officer of AFG, commented, "We are very pleased to welcome CRS and its approximately 450 employees to AFG's Great American Insurance Group. This business is a great strategic fit with our existing crop insurance operations and will provide the opportunity to continue to benefit from economies of scale. Following the transaction, Great American will remain the #5 ranked writer of U.S. crop insurance and the largest U.S.-owned participant in the United States multi-peril crop insurance program."
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YUMC | Hot Stocks16:32 EDT Yum China 2023 targets remain unchanged - The company's fiscal year 2023 targets remain unchanged: To open approximately 1,100 to 1,300 net new stores. To make capital expenditures in the range of approximately $700M-$900M.
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YUMC | Hot Stocks16:32 EDT Yum China reports Q1 SSS up 8% - Q1 same-store sales increased 8% year over year, with increases of 8% at KFC and 7% at Pizza Hut, excluding F/X. Opened 233 net new stores during the quarter; total store count reached 13,180 as of March 31, 2023. Total system sales increased 17% year over year, with increases of 17% at both KFC and Pizza Hut, excluding F/X. Growth was mainly attributable to same-store sales growth, new unit contribution and lapping of temporary store closures in the prior year. Restaurant margin was 20.3%, compared with 13.8% in the prior year period.
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MUSA | Hot Stocks16:32 EDT Murphy USA announces new $1.5B share repurchase program - The Board of Directors of Murphy USA Inc. recently authorized a new share repurchase authorization of up to $1.5B to begin upon completion of the current $1B authorization and to be executed by December 31, 2028. The new authorization reaffirms the company's commitment to supplement organic growth initiatives with shareholder distributions, including its dividend growth plan, to maximize value creation over time. "Shareholder value creation is at the forefront of Murphy USA's strategy, and as part of that strategy we remain deeply committed to returning capital to shareholders," said President and CEO Andrew Clyde. "We are increasingly confident in the future of Murphy USA given our exceptional operating performance, accelerating organic growth profile and ongoing business improvement initiatives. This timeframe provides management added flexibility over a 5-year window to fully fund a growing store pipeline and allocate increasing free cash flow to the highest and best return investments, prioritizing share repurchase given our view of the future potential of Murphy USA."
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MYRG | Hot Stocks16:31 EDT MYR Group announces new $75M share repurchase program - MYR Group announced a new share repurchase program. The repurchase program authorizes the company to repurchase, in the aggregate, up to $75M of its outstanding shares of common stock from time to time on the open market or in privately negotiated transactions in accordance with applicable federal securities laws. The repurchase program will expire on November 8 or when the authorized funds are exhausted, whichever is earlier. The company intends to fund the repurchase program with cash on hand and through borrowings under its credit facility. The repurchase program was authorized by the board of directors and will be effective on May 9. The company's prior $75M repurchase program that commenced on November 8, 2022 is scheduled to expire on May 8.
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AIZ | Hot Stocks16:31 EDT Assurant sees FY23 adj. EBITDA, ex. reportable catastrophes, up low single-digit - Assurant said the company continues to expect adjusted EBITDA, excluding reportable catastrophes, to increase low single-digits, driven by improved performance in Global Housing and more modest growth in Global Lifestyle, and adjusted earnings, excluding reportable catastrophes, per diluted share, growth rate to be lower than Adjusted EBITDA growth due to increased depreciation expense and a higher effective tax rate.
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FTI XOM | Hot Stocks16:29 EDT TechnipFMC awarded large subsea contract for ExxonMobil Guyana's Uaru project - TechnipFMC (FTI) has been awarded a large contract by ExxonMobil Corporation (XOM) affiliate, Esso Exploration and Production Guyana Limited, to supply the subsea production system for the Uaru project. TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. For TechnipFMC, a "large" contract is between $500M and $1B.
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CLW | Hot Stocks16:28 EDT Clearwater expects paperboard demand to improve in second half - The company said, "We expect demand for paperboard to improve in the second half versus the first half as we believe that customers will adjust their inventories and end users will return to more normal buying patterns. We will continue to monitor our paperboard inventories and intend to match supply with demand as needed. We expect continued strength in our tissue business in the coming quarters, with anticipated strong demand and moderating input costs driving margin improvement."
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KAR | Hot Stocks16:26 EDT KAR Auction to rebrand as 'OPENLANE' - KAR Auction Services, Inc. d/b/a KAR Global announces it is rebranding to "OPENLANE." The change reflects the company's transformation to a more asset-light, digital marketplace company and signals a new simplified, customer-first approach to used vehicle remarketing. OPENLANE will serve as both the parent company brand and the go-to-market brand for the company's digital marketplaces in the US, Canada and Europe. Consolidating platforms, offerings and operations into OPENLANE will help focus the company's strategy and investments, accelerate innovation and simplify the overall customer experience. The company's corporate name will change to OPENLANE, Inc. effective May 15, 2023. The company's common stock will continue trading on the New York Stock Exchange under the ticker symbol "KAR."
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PAYC | Hot Stocks16:26 EDT Paycom initiates 37.5c per share quarterly dividend - The Company intends to pay dividends at an annual rate of $1.50, payable quarterly in the amount of $0.375 per share, with the inaugural quarterly dividend anticipated to be paid in mid-June, subject to Board approval.
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DVAX | Hot Stocks16:23 EDT Dynavax sees FY23 HEPLISAV-B net product revenue $165M-$185M - Sees FY23 research and development expenses $55M-$70M; and selling, general and administrative expenses $135M- $155M.
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HLF | Hot Stocks16:22 EDT Herbalife announces retirement of Mark Schissel, names Frank Lamberti COO - Herbalife announced senior executive leadership changes. As part of its succession management process, the company is announcing Mark Schissel's retirement on July 1. Frank Lamberti will be appointed to Chief Operating Officer. In addition, the company is announcing the expanded role of Ibi Montesino, EVP and Chief of Staff, and the appointment of Rob Levy to Regional President of the Americas. All three executives will assume their roles effective July 1. Schissel will assume a strategic advisory role to help ensure a smooth transition and will continue to work on special projects.
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WELL | Hot Stocks16:22 EDT Welltower reports SS NOI growth of 23.4% year-over-year in quarter - Welltower issued a business update, in which it reported in part: "Year-over-year same store net operating income growth of 23.4% in the quarter, led by the US with SS NOI growth of 24.3% followed by Canada at 24.2% and the United Kingdom at 14.0%. SS revenue growth increased 10.0% year-over-year, representing the fifth consecutive quarter of double-digit SS revenue growth. SS Expense per Occupied Room growth of 3.6% year-over-year in 1Q2023 remained near historical lows... Liquidity profile remains exceptional with $5.0 billion in combined near-term available liquidity. Unparalleled access to capital supported by large and diverse group of 31 financial institutions supporting credit facility across multiple currencies. No single institution represents more than 4.3% of overall credit facility commitments." Reference Link
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WRK | Hot Stocks16:22 EDT WestRock to close paper mill in North Charleston - WestRock Company announced it will permanently cease operating its paper mill in North Charleston, South Carolina, on August 31, 2023. "WestRock and its predecessor companies have had a long history in the region operating the North Charleston mill, and the contributions of the team members over the years have been greatly appreciated," said David B. Sewell, chief executive officer at WestRock. "The decision to close a facility and impact the lives of our team members is never easy, and we are committed to assisting our North Charleston team with exploring roles at other WestRock locations and outplacement assistance." The North Charleston mill employs approximately 500 people. Employees will receive severance and outplacement assistance in accordance with WestRock policy and labor union agreements.
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HLF | Hot Stocks16:20 EDT Herbalife not providing outlook due to macroeconomic backdrop - Herbalife said, "Given the continued dynamic macroeconomic backdrop, the Company is not providing guidance."
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MTCH | Hot Stocks16:19 EDT Match 'remains confident' revenue can exit FY23 with double digit y/y growth - The company said, "As we start to see the benefits of the work at Tinder, we remain confident that the Company's Total Revenue and Tinder Direct Revenue can both exit 2023 with double digit Y/Y growth. The lower than initially expected first half of 2023 business performance may contribute to full year Match Group Total Revenue and Tinder Direct Revenue growth rates closer to the low end of our previously communicated ranges of 5% to 10% Y/Y. That said, we've already seen improved momentum in April and there are numerous initiatives in flight that could drive incremental growth this year, so we are eager to see how those progress. Note that we estimate $17 million more of Y/Y FX headwinds for Q2 to Q4 than we anticipated at the time of our last earnings call."
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APLE | Hot Stocks16:18 EDT Apple Hospitality REIT sees FY23 CapEx $70M-$80M - Sees FY23 Hotels RevPAR up 3%-7%.
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SPG | Hot Stocks16:17 EDT Simon Property raises quarterly common stock dividend 15c to $1.85 per share - Simon's board of directors declared a quarterly common stock dividend of $1.85 for the second quarter of 2023. This is an increase of 15c, or 8.8% year-over-year. The dividend will be payable on June 30 to shareholders of record on June 9.
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HLF | Hot Stocks16:15 EDT Herbalife Nutrition not providing outlook due to acroeconomic backdrop - Herbalife said, "Given the continued dynamic macroeconomic backdrop, the Company is not providing guidance."
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CLX | Hot Stocks16:13 EDT Clorox reports Q3 gross margin up 590 bps to 41.8% from 35.9% a year ago
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LNC | Hot Stocks16:13 EDT Lincoln Financial announces $28B reinsurance pact with Fortitude Re - Lincoln Financial and Fortitude Reinsurance Company announced that they have entered into an agreement under which Lincoln will cede approximately $28 billion of in-force ULSG, MoneyGuard and fixed annuity statutory reserves to Fortitude Re. The reinsured block consists of approximately $9 billion of ULSG statutory reserves, or about 40% of Lincoln's total in-force ULSG, nearly $12 billion of MoneyGuard statutory reserves, or about 80% of Lincoln's total in-force MoneyGuard, and nearly $8 billion of fixed annuities statutory reserves, or about 40% of Lincoln's total in-force fixed annuities. "Today's transaction with Fortitude Re marks significant progress in our efforts to reduce our balance sheet risk, improve our capital position and increase ongoing free cash flow," said Ellen Cooper, president and CEO of Lincoln Financial Group. "With our leadership team in place, we are rapidly executing on actions to fortify our balance sheet, and we remain committed to further enhancing the pace of capital generation and long-term profitable growth." The transaction is expected to be dilutive on a GAAP basis.
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SBUX | Hot Stocks16:10 EDT Starbucks to discuss FY23 financial targets during call - "The company will discuss fiscal year 2023 financial targets during its Q2 FY23 earnings conference call starting today at 2:00 p.m. Pacific Time. These items can be accessed on the company's Investor Relations website during and after the call," Starbucks stated.
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SBUX | Hot Stocks16:10 EDT Starbucks discuss FY23 financial targets during call - "The company will discuss fiscal year 2023 financial targets during its Q2 FY23 earnings conference call starting today at 2:00 p.m. Pacific Time. These items can be accessed on the company's Investor Relations website during and after the call," Starbucks stated.
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SBUX | Hot Stocks16:08 EDT Starbucks CEO 'very pleased' with Reinvention progress - "I am very pleased with our Reinvention progress and grateful for the opportunity to fully immerse into the company, which I formally took over on March 20, 2023. It is a privilege to have learned from our founder and partners around the world. From my immersion observations, our leadership team now has a clear line of sight into our growth headroom, as well as our opportunities to enhance margins and modernize the business, brand, partner experience and culture of Starbucks. As we strive to continue to be a different kind of company, we will unlock our limitless possibilities to meet the needs of today and, importantly, the future of Starbucks," commented CEO Laxman Narasimhan.
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F | Hot Stocks16:08 EDT Ford reports Q1 Ford Pro EBIT $1.4B, Ford Blue EBIT $2.6B - Ford said that Ford Pro EBIT nearly tripled, to $1.4 billion, and Ford Blue EBIT doubled, to $2.6 billion, with margins for both exceeding 10%.
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SBUX | Hot Stocks16:07 EDT Starbucks reports U.S. Rewards membership up 15% to 30.8M members - Starbucks Rewards loyalty program 90-day active members in the U.S. increased to 30.8 million, up 15% year-over-year, the company announced.
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F | Hot Stocks16:07 EDT Ford backs FY23 adjusted EBIT view of $9B-$11B - Ford is maintaining the full-year 2023 performance expectations that the company first articulated in early February: for adjusted EBIT of $9 billion to $11 billion and adjusted free cash flow of about $6 billion. Additionally, the company reaffirmed 2023 segment-level EBIT expectations: about $7 billion for Ford Blue, up modestly from last year; a full-year loss of about $3 billion for Ford Model e; and EBIT approaching $6 billion for Ford Pro, which would be nearly twice its 2022 earnings.
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MITQ | Hot Stocks16:04 EDT Moving iMage, SNDBX expand strategic partnership - Moving iMage Technologies and SNDBX, a division of The Five Agency, LLC and an emerging developer and operator of amateur Esports leagues played locally on the big screen, announced an expansion to their strategic partnership to accelerate the growth of local amateur Esports leagues. "Our enhanced partnership with SNDBX brings two leading, entrepreneurial companies closer together to capture this significant market opportunity," said Joe Delgado, executive vice president, sales and marketing. "This agreement formalizes our partnership and incentivizes both companies to work in tandem to grow the market for SNDBX's Esports offerings in the U.S. and on a global scale."
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FUSN | Hot Stocks16:02 EDT Fusion to open radiopharmaceutical manufacturing facility - Fusion Pharmaceuticals announced the opening of its state-of-the-art radiopharmaceutical manufacturing facility. The 27,000 square foot good manufacturing practice, or GMP, compliant facility, which is located adjacent to the Company's research and development labs, has clinical and commercial manufacturing scale capabilities designed to support the Company's growing pipeline of targeted alpha therapies, or TATs. The new manufacturing facility, part of a 15-year lease agreement with Hamilton, Ontario-based McMaster University, was built by McMaster and equipped and validated by Fusion. At full capacity, it is expected to produce more than 100,000 doses of TATs per year. Fusion Pharmaceuticals is a spin out company of the Centre for Probe Development and Commercialization hosted at McMaster and founded by Dr. Valliant, who is also a McMaster chemistry professor.
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CZR | Hot Stocks16:01 EDT Caesars reports Q1 adjusted EBITDA $958M vs. $296M last year
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IEP | Hot Stocks15:04 EDT Icahn Enterprises under pressure following Hindenburg short report - Shares of Icahn Enterprises are under pressure on Tuesday afternoon after Hindenburg Research said in a short report that the conglomerate is substantially overvalued. "Our research has found that IEP units are inflated by 75%+ due to 3 key reasons: IEP trades at a 218% premium to its last reported net asset value, or NAV, vastly higher than all comparables; we've uncovered clear evidence of inflated valuation marks for IEP's less liquid and private assets; the company has suffered additional performance losses year to date following its last disclosure," the report reads. "A reason for IEP's extreme premium to NAV, based on a review of retail investor-oriented media, is that average investors are attracted to IEP's large dividend yield and the prospect of investing alongside Wall Street legend Carl Icahn. Institutional investors have virtually no ownership in IEP... As a result of the company's elevated unit price, its annual dividend rate equates to an absurd 50.5% of last reported indicative net asset value... Given limited financial flexibility and worsening liquidity, we expect Icahn Enterprises will eventually cut or eliminate its dividend entirely, barring a miracle turnaround in investment performance. Overall, we think Icahn, a legend of Wall Street, has made a classic mistake of taking on too much leverage in the face of sustained losses: a combination that rarely ends well." In Tuesday afternoon trading, shares of Icahn Enterprises have dropped almost 22% to $39.41. Reference Link
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COIN | Hot Stocks14:56 EDT Coinbase launches International Exchange amid Bermuda licensing approval - Coinbase said, in part, earlier in a blog post: "At Coinbase, we're working hard to help update the financial system by building trusted products that expand the utility and adoption of crypto because we believe crypto and blockchain technology have the ability to increase economic freedom and opportunity around the world...Coinbase is dedicated to partnering with high-bar regulators across US and non-US jurisdictions to help update the financial system by developing additional solutions and products, leveraging our high standards of customer protection and robust risk management frameworks. With the recent approval of our regulatory license from the Bermuda Monetary Authority, BMA, today we are excited to announce the launch of Coinbase International Exchange...Coinbase International Exchange will enable institutional users based in eligible jurisdictions outside of the US, to trade perpetual futures. Perpetual futures accounted for nearly 75% of global crypto trading volume in 2022, creating highly-liquid markets and offering traders additional versatility in their trading strategies." Reference Link
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IEP | Hot Stocks14:55 EDT Icahn Enterprises stands by public disclosures, says short report 'self-serving' - Icahn Enterprises Chairman of the Board Carl Icahn issued the following statement in response to a short seller report published on May 2: "We believe the self-serving short seller report published by Hindenburg Research today was intended solely to generate profits on Hindenburg's short position at the expense of IEP's long-term unitholders. We stand by our public disclosures and we believe that IEP's performance will speak for itself over the long term as it always has. Today, IEP operates from a position of strength with approximately $2 billion of cash and cash-equivalents on its balance sheet as of March 31, 2023 to execute on our strategy. We continue to believe that activism is the best paradigm for investing and my activist investments over the last 25 years have well proved this out. We regularly put our activist principles into effect at our majority-controlled companies as well as the minority positions held in our investment segment, and currently have representatives on 14 public company boards. Additionally, we believe strongly in hedging our positions to mitigate risk, especially in markets that we are living in today." The company added: "The claims in this short seller report will not deter IEP from fulfilling its commitments to IEP's unitholders and employees. To receive accurate information about the company, all investors are encouraged to review materials filed by IEP with the Securities and Exchange Commission and available on its investor relations website."
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PCAR TM | Hot Stocks14:32 EDT Paccar, Toyota expand hydrogen fuel cell truck collaboration - Paccar (PCAR) and Toyota Motor North America (TM) announced an expansion of their joint efforts to develop and produce zero emissions, hydrogen fuel cell Kenworth and Peterbilt trucks powered by Toyota's next-generation hydrogen fuel cell modules. "The expanded agreement supports ongoing development and commercialized zero-emission versions of the Kenworth T680 and Peterbilt 579 models featuring Toyota's hydrogen fuel cell powertrain kit, with initial customer deliveries planned for 2024... Toyota will begin assembly of the modules in the United States in late 2023," the companies stated.
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TREE... | Hot Stocks14:24 EDT Shares of LendingTree fall 28% after Q1 results and lowered guidance - Shares of online consumer finance company LendingTree (TREE) are down 28% or $6.50 per share to $17 per share in afternoon trading on Tuesday after the company lowered expectations for Q2 and for the full year 2023, due to headwinds in its Home unit," a pressured revenue environment for Consumer and, to a lesser extent, Insurance. In April, subsequent to quarter end, we made the decision to close our Ovation Credit Services business, with the financial impact incorporated in our forecast," noted management. The company now see full year revenue of $760M - $800M compared to the prior range of $935M - $985M. Analysts were estimating FY23 revenue of $945.6M. Other companies in the online fintech space include SoFi Technologies (SOFI), Robinhood (HOOD) and Block (SQ)
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FUJHY | Hot Stocks13:49 EDT Subaru reports April U.S. sales up 11.5% to 51,014 vehicles - Subaru of America reported 51,014 vehicle sales for April, an 11.5% increase compared with April 2022 sales of 45,748 units.
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TTWO... | Hot Stocks13:41 EDT Take-Two says 'Marvel's Midnight Suns' Switch version no longer planned - Take-Two (TTWO) announced that digital versions of 2022 game "Marvel's Midnight Suns" on PlayStation 4 (SONY) and Xbox One (MSFT) are scheduled to launch on May 11. The game originally released on Xbox Series X/S, PC, and PlayStation 5 in late 2022. The company noted that a Nintendo Switch (NTDOY) version of "Marvel's Midnight Suns" is no longer planned. Reference Link
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AMZN | Hot Stocks13:15 EDT Amazon launches new fulfillment center in Windsor, Connecticut - Amazon, along with Gov. Ned Lamont, Lt. Gov. Susan Bysiewicz, state and local elected officials, and community partners, celebrated the official opening of its new, state-of-the-art fulfillment center in Windsor, Connecticut. More than 2,000 local Amazon employees will operate and work with the newest innovative robotics technology, delivering for customers in the area. This new facility expands Amazon's robust operations and logistics network in the state, where there are more than 15,000 full and part-time employees across Connecticut communities. "I am thrilled Amazon is investing further into the great state of Connecticut with the opening of its new fulfillment center in Windsor," said Governor Ned Lamont. "This fulfillment center is adding more than 2,000 well-paid jobs with excellent benefits into the Greater Hartford economy, and I look forward to the impact it will have on the region and state for years to come."
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VNDA | Hot Stocks12:49 EDT Vanda sues U.S. government for misappropriation of trade secrets - Vanda Pharmaceuticals announced its action against the federal government for the "uncompensated taking and misuse of Vanda's trade secrets and confidential information." The company stated: "Vanda alleges that the U.S. Food and Drug Administration improperly provided confidential details from Vanda's drug master files for its products, Hetlioz and Fanapt, to generic drug manufacturers during the FDA's review of the manufacturers' Abbreviated New Drug Applications. The action was filed in the United States Court of Federal Claims and seeks an award of economic damages."
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MMM | Hot Stocks12:07 EDT 3M to sell dental local anesthetic portfolio assets to Pierrel for $70M - 3M announced it has entered into agreements to sell certain assets associated with its dental local anesthetic portfolio, based in Seefeld, Germany, to Pierrel S.p.A., a global provider of services for the pharmaceutical industry, for a purchase price of $70M, subject to closing and other adjustments. 3M's local anesthetic products, sold primarily in Europe and Asia, include products sold under the Ubistesin, Xylestesin and Mepivastesin brands together with related syringe and needle products and are part of the dental materials business in 3M's Oral Care Solutions Division. As part of ongoing strategic portfolio management, 3M has decided to exit these products and prioritize investments that leverage its Health Care business' core Oral Care technologies. "We believe that these products will be well positioned with Pierrel," said Karim Mansour, president, 3M Oral Care Solutions Division. "3M will continue to invest in oral care solutions for our Europe and Asia customers and those around the world." These local anesthetic products had annual sales in 2022 of approximately $30M and the impact of ongoing operations were not material to 3M's financial results. The transaction, which is subject to information or consultation requirements with relevant works councils and other closing conditions, is expected to be completed in the third quarter of 2023. 3M expects to record a gain upon this business's divestiture which it will reflect as an adjustment in arriving at results, adjusted for special items. After the transaction closes, 3M will provide transition support to Pierrel to help facilitate a smooth transition for customers. 3M will retain ownership of its Seefeld facility and operations, which support 3M's Oral Care business.
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AUPH | Hot Stocks12:02 EDT Aurinia Pharmaceuticals announces Swissmedic approval of Lupkynis - Aurinia Pharmaceuticals announced that the Swiss Agency for Therapeutic Products, or "Swissmedic," has granted marketing authorization of Lupkynis in combination with a background immunosuppressive therapy to treat adults with active class III, IV and V, including mixed classes III/V and IV/V, lupus nephritis, or LN. "In addition, we have received Orphan Drug designation in Switzerland, granting 15 years of drug exclusivity protection in association with approval," the company stated.
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ETWO | Hot Stocks12:01 EDT E2open falls -26.4% - E2open is down -26.4%, or -$1.65 to $4.59.
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CYH | Hot Stocks12:01 EDT Community Health falls -38.0% - Community Health is down -38.0%, or -$2.37 to $3.87.
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CHGG | Hot Stocks12:01 EDT Chegg falls -48.3% - Chegg is down -48.3%, or -$8.51 to $9.10.
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PGR | Hot Stocks12:01 EDT Progressive: Achieving profit margin takes precedence over growing premiums - In a regulatory filing, Progressive said: "We strongly believe that achieving our target profit margin takes precedence over growing premiums. With focus on achieving our calendar-year underwriting profitability goal of 4% and the fact that inflation has not abated, we are re-evaluating our rate plans and intend to be aggressive with raising rates over the remainder of the year in both our personal and commercial auto products. Of course, some of these rate increases will be subject to regulatory approval. We will also continue to monitor the factors that could impact our loss costs for both our vehicle and Property businesses, which can include new and used car prices, miles driven, driving patterns, loss severity, weather events, building materials, constructions costs, inflation, and other components, on a state-by-state basis, and these factors could change our current plans for rate increases. In addition, we routinely monitor our advertising spend and have recently begun to reduce these costs based on performance against our underwriting targets in certain markets and in certain types of advertising. As a result of these actions to address profitability, growth in premiums and/or policies in force could be adversely impacted."
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NTZ | Hot Stocks12:01 EDT Natuzzi rises 9.6% - Natuzzi is up 9.6%, or 48c to $5.48.
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AMRC | Hot Stocks12:00 EDT Ameresco rises 12.6% - Ameresco is up 12.6%, or $5.15 to $45.93.
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LEJU | Hot Stocks12:00 EDT Leju rises 53.5% - Leju is up 53.5%, or $1.90 to $5.46.
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HMC | Hot Stocks11:54 EDT Honda reports April U.S. sales up 24.5% to 116,082 units - "Stronger inventory of new and refreshed models helps American Honda post double-digit sales gains to reach 116,000 units in April," the company announced. Reference Link
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HMY | Hot Stocks11:52 EDT Harmony Gold announces loss of life incident at Kusasalethu Mine - Harmony Gold Mining Company Limited announced in a regulatory filing a loss of life incident at its Kusasalethu Mine, near Carletonville on Sunday, 30 April 2023. A seismic induced fall of ground event resulted in the loss of life of one of its night shift team leaders. The management and employees of Harmony express their sincerest condolences to the family of the deceased and to the Kusasalethu team who have been affected by this tragic incident. Peter Steenkamp, the Chief Executive Officer, stated, "I am deeply disappointed by this loss of life, especially considering the significant efforts we have made to foster a safety culture within our organisation." Safety is at the core of Harmony's values, and the company continues to prioritise rigorous safety standards throughout all of its operations, the company said. All work in the affected section has been temporarily ceased, pending a comprehensive internal investigation.
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RSG | Hot Stocks11:51 EDT Teamsters ratify new agreement at Republic Services in Alabama - Teamsters Local 991 members have reached a new agreement with Republic Services in Mobile, Ala. The three-year contract was unanimously ratified by the membership and is the richest contract ever negotiated for the group of 22 workers. In addition to major wage increases, Local 991 members will also receive a reduction in health and welfare costs, a bonus increase, and time and a half for working holidays, according to an announcement.
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TWKS | Hot Stocks10:48 EDT Thoughtworks up 20% after Bloomberg report on possible buyout bid - Shares of Thoughtworks are up $1.28, or 20%, to $7.50 following Bloomberg's report.
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TWKS | Hot Stocks10:47 EDT Thoughtworks trading resumes
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LILM | Hot Stocks10:43 EDT Lilium up 20% after announcing capital raise - Lilium, which identifies itself as the "developer of the first all-electric vertical take-off and landing jet,: announced a capital raise for up to $250M, with $100M funded at close. "This capital raise enables Lilium to continue the development of its Lilium Jet at full pace and would cover most of the estimated capital required to achieve first manned flight of the type-conforming aircraft. Once this development milestone is achieved, which is planned for the second half of 2024, Lilium expects to benefit from the contribution of substantial pre-delivery payments which will help fund its subsequent capital requirements," the company stated. Lilium CEO Klaus Roewe added, "The capital raise announced today marks an important development in our ongoing mission to revolutionize the aviation industry. With this financing, we are excited to continue our development program at full pace. We remain in multiple constructive discussions with existing and potential new investors. We hope to announce further updates soon." Shares of Lilium are up 8c, or 20%, to 46c in early trading.
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TPVG | Hot Stocks10:39 EDT Bear Cave says TriplePoint Venture's equity may be 'severely impaired' - In a recently published report, The Bear Cave's Edwin Dorsey says that TriplePoint Venture is "encumbered by high fees, weak management, and a weaker loan book saddled by portfolio company bankruptcies and upside-down startups." The Bear Cave believes TriplePoint's equity may be "severely impaired, if it has any value at all." The Bear Cave also thinks TriplePoint's "net asset value decline will accelerate in the coming quarters" as it may need to take significant write-downs in its loan book. "Two weeks ago, another TriplePoint borrower, telehealth provider The Pill Club, declared bankruptcy... This is no isolated incident. In fact, The Bear Cave has identified ten portfolio companies that appear to be in substantial distress with TriplePoint loans totaling over $170 million," the report further reads. Reference Link
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TWKS | Hot Stocks10:37 EDT Thoughtworks trading halted, volatility trading pause
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ANPC | Hot Stocks10:33 EDT AnPac Bio Medical Science Company trading resumes
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AAPL... | Hot Stocks10:32 EDT Apple, Google lead initiative for specification to address unwanted tracking - Apple (AAPL) and Google (GOOGL) jointly submitted a proposed industry specification to help combat the misuse of Bluetooth location-tracking devices for unwanted tracking. "The first-of-its-kind specification will allow Bluetooth location-tracking devices to be compatible with unauthorized tracking detection and alerts across iOS and Android platforms. Samsung, Tile, Chipolo, eufy Security, and Pebblebee have expressed support for the draft specification, which offers best practices and instructions for manufacturers, should they choose to build these capabilities into their products," Apple and Google said. The specification has been submitted as an Internet-Draft via the Internet Engineering Task Force, a standards development organization. Interested parties are invited and encouraged to review and comment over the next three months. Following the comment period, Apple and Google will partner to address feedback, and will release a production implementation of the specification for unwanted tracking alerts by the end of 2023 that will then be supported in future versions of iOS and Android. Reference Link
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SYY | Hot Stocks10:25 EDT Sysco on track to repurchase about $500M in shares this FY
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ANPC | Hot Stocks10:23 EDT AnPac Bio Medical Science Company trading halted, volatility trading pause
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JWAC | Hot Stocks10:22 EDT Jupiter Wellness Acquisition Corp trading resumes
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WAL | Hot Stocks10:19 EDT Western Alliance trading resumes
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HUDI | Hot Stocks10:18 EDT Huadi International Group Co trading resumes
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JWAC | Hot Stocks10:17 EDT Jupiter Wellness Acquisition Corp trading halted, volatility trading pause
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SYY | Hot Stocks10:15 EDT Sysco sees lower traffic, lower inflation continuing through Q4
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WAL | Hot Stocks10:14 EDT Western Alliance trading halted, volatility trading pause
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HUDI | Hot Stocks10:13 EDT Huadi International Group Co trading halted, volatility trading pause
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F | Hot Stocks10:13 EDT Ford re-opens orders for Mustang Mach-E with higher EPA est. range - Ford announced that it is re-opening its order banks for the all-electric Mustang Mach-E on Wednesday as completed plant upgrades support production ramp in the second half of 2023, with feature improvements on the way - including increased range for standard range battery models to an EPA-estimated targeted range of 250 miles for RWD and 226 miles for eAWD. The production increase for Mustang Mach-E in the second half of this year is part of Ford's plan to scale electric vehicles and make them more accessible and affordable for customers, the company said in a statement. "We continue to find ways to improve the value of the Mustang Mach-E," said Marin Gjaja, chief customer officer, Ford Model e. "Upgraded BlueCruise rolling out for new and existing Mustang Mach-E owners, increased range and faster DC charging times on standard range models show how we are relentlessly improving our products for our customers."
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GM | Hot Stocks10:11 EDT Rory Harvey named GM's executive vice president, president for North America - General Motors announced a series of senior executive changes. Steve Carlisle, currently executive vice president and president, North America, has elected to retire after 41 years with GM. Rory Harvey, currently vice president, Global Cadillac, is named executive vice president and president, North America, replacing Carlisle, effective June 1, 2023. John Roth, currently global vice president, Customer Care and Aftersales, is named vice president, Global Cadillac, effective June 1, 2023, replacing Harvey. Josh Tavel, currently executive chief engineer, Battery Electric Trucks and SUVs, is named global vice president, Customer Care and Aftersales, effective June 1, 2023, replacing Roth.
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PACW | Hot Stocks10:08 EDT PacWest Bancorp trading resumes
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SYY | Hot Stocks10:04 EDT Sysco on target to grow adjusted operating income 1.35x in FY23
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SYY | Hot Stocks10:04 EDT Sysco continuing to target net debt to adjusted EBITDA ratio of 2.50-2.75x - Comments taken from Q3 earnings conference call.
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PACW | Hot Stocks10:03 EDT PacWest Bancorp trading halted, volatility trading pause
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LHX | Hot Stocks10:01 EDT L3Harris Technologies to develop U.S. Air Force Common Tactical Edge Network - L3Harris Technologies received a U.S. Air Force contract award to develop a Common Tactical Edge Network providing an aerial military Internet of Things to support the Advanced Battle Management System and Joint All-Domain Command and Control initiatives. The system will include a meshed network of defense and commercial resources, enhancing aerial interoperability for U.S. and allied forces by incorporating commercial-like, high-speed data processing and sharing at the tactical edge. CTEN will initially connect Air Force aerial platforms that currently operate with incongruent network architectures with the potential to improve connectivity across the entire joint force. CTEN's data fusion will enable warfighters controlling multiple platforms to think and operate as one, greatly shortening the decision cycle.
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ETWO | Hot Stocks10:00 EDT E2open falls -27.9% - E2open is down -27.9%, or -$1.74 to $4.50.
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CYH | Hot Stocks10:00 EDT Community Health falls -41.5% - Community Health is down -41.5%, or -$2.58 to $3.65.
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CHGG | Hot Stocks10:00 EDT Chegg falls -48.1% - Chegg is down -48.1%, or -$8.47 to $9.13.
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AMRC | Hot Stocks10:00 EDT Ameresco rises 10.3% - Ameresco is up 10.3%, or $4.22 to $45.00.
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UAN | Hot Stocks10:00 EDT CVR Partners rises 11.1% - CVR Partners is up 11.1%, or $10.18 to $101.83.
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LEJU | Hot Stocks10:00 EDT Leju rises 110.4% - Leju is up 110.4%, or $3.93 to $7.49.
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DSX | Hot Stocks09:53 EDT Diana Shipping completes joint venture for acquisition of 'DSI Drammen' - Diana Shipping announced that through a limited partnership it signed an investment agreement for the acquisition by a Norwegian entity of a 75% partnership interest in m.v. "DSI Drammen", while maintaining 25% of the partnership interest. The Company acquired the vessel earlier this year. The financing of the vessel was also concluded, with the drawdown of $15.4 million from Nordea Bank Abp, filial i Norge, as a result of the term loan facility which the Company signed on March 30, 2023. The Company also announced that, through a separate wholy-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., for one of its Capesize dry bulk vessels, the m/v Boston. The gross charter rate is $17,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2024 up to maximum October 15, 2024. The charter is expected to commence on May 6, 2023. The "Capesize" is a 177,828 dwt Capesize dry bulk vessel built in 2007. The employment of "Boston" is anticipated to generate approximately $7.29 million of gross revenue for the minimum scheduled period of the time charter.
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WT | Hot Stocks09:52 EDT WisdomTree urges shareholders to vote for director nominees - WisdomTree issued a letter to its stockholders urging them to vote for WisdomTree's director nominees at WisdomTree's 2023 Annual Meeting of Stockholders, which is scheduled to be held on June 16, 2023. The letter says, in part: "A dissident stockholder, ETFS Capital Limited, seeks to elect three representatives, including its chairman, Graham Tuckwell, to the WisdomTree Board of Directors. We believe that Mr. Tuckwell's continued crusade against WisdomTree is driven purely by his personal agenda and ego, rather than by any consideration of what is best for the Company and its stockholders. We urge you NOT to sign or return any proxy card or voting instruction form that may be sent to you by ETFS Capital, and to "WITHHOLD" your vote from all three ETFS Capital nominees."
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ZEV | Hot Stocks09:52 EDT Lightning eMotors, STEER enter partnership to upgrade commercial EVs - Lightning eMotors and STEER Tech announced a collaboration to offer autonomous functionality to Lightning's customers to enhance safety and efficiency. The collaboration will facilitate the integration of STEER's autonomous vehicle technology into Lightning's medium-duty commercial electric vehicle product line. STEER's patented autonomous vehicle technology can add safety functionality currently unavailable in most medium-duty commercial EVs, such as collision avoidance and autonomous vehicle movement, and could be used in a variety of use cases including campus employee and student transportation and distribution center cargo movement.
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TRNO | Hot Stocks09:49 EDT Terreno Realty sells industrial property in New Jersey for $25.5M - Terreno Realty sold an industrial property located in North Bergen, New Jersey on May 1 for a sale price of approximately $25.5M. The property consists of one industrial distribution building containing approximately 127,000 square feet on 4.4 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty on April 20, 2017 for approximately $14M. The unleveraged internal rate of return generated by the investment was 14.4%.
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ETWO | Hot Stocks09:47 EDT E2open falls -28.0% - E2open is down -28.0%, or -$1.75 to $4.49.
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CYH | Hot Stocks09:47 EDT Community Health falls -38.5% - Community Health is down -38.5%, or -$2.40 to $3.83.
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CHGG | Hot Stocks09:47 EDT Chegg falls -45.2% - Chegg is down -45.2%, or -$7.96 to $9.64.
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FLS | Hot Stocks09:47 EDT Flowserve rises 9.8% - Flowserve is up 9.8%, or $3.33 to $37.25.
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AMRC | Hot Stocks09:47 EDT Ameresco rises 11.5% - Ameresco is up 11.5%, or $4.67 to $45.45.
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LEJU | Hot Stocks09:47 EDT Leju rises 61.2% - Leju is up 61.2%, or $2.18 to $5.74.
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BAOS | Hot Stocks09:44 EDT Baosheng Media Group Holdings Ltd trading resumes
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JXJT | Hot Stocks09:42 EDT JX Luxventure Ltd trading resumes
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ZJYL | Hot Stocks09:42 EDT Jin Medical International Ltd trading resumes
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JXJT | Hot Stocks09:37 EDT JX Luxventure Ltd trading halted, volatility trading pause
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ETWO | Hot Stocks09:37 EDT E2open Parent Holdings trading resumes
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GDC | Hot Stocks09:35 EDT GD Culture Group Ltd trading resumes
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BAOS | Hot Stocks09:34 EDT Baosheng Media Group Holdings Ltd trading halted, volatility trading pause
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DLX | Hot Stocks09:32 EDT Deluxe, ECHO Health to form JV, DPX Payments - Deluxe and ECHO Health have joined forces to create DPX Payments, a joint venture to deliver advanced payables offerings to the large and underserved middle-market. The new venture will offer a comprehensive disbursements platform specifically designed for businesses that send thousands of routine or recurring payments to suppliers and vendors using paper today. With multiple digital payment types from which to choose and enhanced security, this solution offers seamless integration with the most popular accounting software platforms, reducing manual processes and mitigating the risk of fraud for small- and mid-sized businesses. Deluxe and Echo first partnered in 2019 with the launch of the Medical Payment Exchange, which, along with the existing Deluxe Payment Exchange, is growing rapidly, processing more than $20B in payments annually. The new JV expands the partnership to offer these advanced payment capabilities to all businesses, with support for multiple payment types, including ACH, virtual card, paper check, push to debit card, and echeck, among others. The joint venture will leverage the extensive network of businesses with existing relationships with Deluxe enabling significant scale over time.
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ZJYL | Hot Stocks09:32 EDT Jin Medical International Ltd trading halted, volatility trading pause
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ETWO | Hot Stocks09:31 EDT E2open Parent Holdings trading halted, volatility trading pause
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GDC | Hot Stocks09:30 EDT GD Culture Group Ltd trading halted, volatility trading pause
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IWINF | Hot Stocks09:24 EDT Irwin Naturals says BC Securities Commission issues failure-to-file CTO - Irwin Naturals announces that the British Columbia Securities Commission has issued a failure-to-file-cease trade order pursuant to National Policy 11-207 - Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions in respect of the securities of the Company as a result of the Company not having filed its annual financial statements and management's discussion and analysis and related officer certifications for the financial year ended December 31, 2022 which were required to be filed by May 1, 2023. The CTO prohibits the trading, whether direct or indirect, by any person of any securities of the Company in each jurisdiction in Canada in which the Company is a reporting issuer for as long as the CTO remains in effect, subject to certain limited exceptions. The delay in filing the Required Filings is a result of additional time required by the auditor to review several acquisitions completed by the Company during the 2022 fiscal year. The Company has also entered into multiple definitive agreements during the 2022 fiscal year, which has required considerable time and resources from the finance department of the Company and the auditor. For further details related to these events, please refer to the Company's press releases and the Company's interim financial statements for the period ended September 30, 2022 and the accompanying Management's Discussion and Analysis. The Company is continuing to work with the auditor to complete the Required Filings as soon as possible, at which point the Company will seek to have the CTO revoked. However, there is no assurance that the Company will be able to remedy its filing default and have the CTO revoked in a timely manner or at all.
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SMFL | Hot Stocks09:22 EDT Smart for Life announce planned launch of Greens First Children's Multivitamins - Smart for Life announced that it is launching a line of Greens First Children's Chewable Multivitamins. "We are excited to launch this new product line of Greens First children's chewable multivitamins," stated Darren Minton, Smart for Life's Chief Executive Officer. "Greens First developed this line because parents were looking for a high-quality children's multivitamin from a brand they can trust that has clean ingredients. Unfortunately, kids these days are not getting the proper nutrients they need from their diets due to modern farming practices and processed foods. A high-quality multivitamin can provide optimal levels of essential nutrients to bridge that nutritional gap. We look forward to bringing these tasty, fun and easy chewables to market that we believe will have kids looking forward to taking their vitamins."
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ANAB | Hot Stocks09:21 EDT AnaptysBio announces publication of data from Phase 2 GALLOP study - AnaptysBio announced the publication of data from the open-label, single-arm Phase 2 GALLOP study evaluating the efficacy, tolerability and safety of imsidolimab, its investigational anti-interleukin-36 receptor IgG4 antibody for the treatment of generalized pustular psoriasis, in the British Journal of Dermatology. Patients with GPP who received a single dose of imsidolimab demonstrated a rapid and sustained improvement of symptoms and pustular eruptions of GPP flare within days after initiating treatment. "We remain excited and quite pleased with the dramatic effects demonstrated by imsidolimab's Phase 2 efficacy and safety data and the potential benefit to patients suffering with life threatening inflammatory GPP," said Paul F. Lizzul, chief medical officer of AnaptysBio. "We look forward to sharing the top-line data on the efficacy, safety and tolerability of a single dose IV infusion of imsidolimab in moderate-to-severe GPP patients from the ongoing GEMINI-1 Phase 3 trial in Q4 2023, whereafter we plan to out license the program prior to a potential FDA approval." In the Phase 2 GALLOP study, a total of eight adult patients with GPP flare were enrolled and received a 750mg IV dose of imsidolimab and six patients were evaluable at both Day 29 and Day 113 and who also completed the study. Clinical responses were observed as early as Day 3, most rapidly for pustulation relative to other visible manifestations of GPP, with continued and consistent improvement across multiple efficacy assessments at Day 8, Day 29, and through Day 113. Of the six patients evaluable on Day 29, all achieved the primary endpoint of clinical response on the clinical global impression scale. Additionally, the GPP Physician Global Assessment scale was implemented by protocol amendment during the trial and was assessed in four of the eight enrolled patients, where zero or one response was achieved in 50% patients at Week 4. Six of eight patients received a monthly 100mg subcutaneous dose of imsidolimab beginning at Week 4 and continued through Week 12. At Week 16, 75% of evaluable patients were responders on the GPPPGA scale. Imsidolimab was generally well-tolerated. Most treatment-emergent adverse events were mild to moderate in severity. Initial top-line Phase 2 study results were presented at European Academy of Dermatology and Venerology Congress in October 2021.
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XXII | Hot Stocks09:18 EDT 22nd Century enters license, distribution agreement with Old Pal - 22nd Century Group announced its second exclusive license, manufacturing and distribution agreement in the hemp/cannabis industry, signed with Old Pal, LLC, a widely recognized consumer hemp/cannabis company started in California and now operating in eight states. Initially launched in California in 2018, Old Pal quickly gained recognition for its nostalgic branding. Today, the brand has expanded its reach and struck a chord with millions of daily consumers by paying homage to a simpler era, where hemp/cannabis was uncomplicated, neighbors knew each other by name, and the sense of community was significant. In addition, Old Pal's continuously growing line of apparel, accessories, and home goods has firmly established it as a prominent cultural figure in the world of cannabis. The exclusive license with 22nd Century covers Old Pal branded non-Delta-9 THC, hemp derived cannabinoid consumer products and accessories. Similar to 22nd Century's first single-source integrated production, sales and distribution agreement in hemp/cannabis, signed with Cookies, the Old Pal agreement will leverage 22nd Century's industry leading formulation, ingredient and manufacturing infrastructure plus the Company's turn-key sales and distribution platform for alternative consumer products in a complete go-to-market solution. Combined, the Company estimates that its agreements with Cookies and Old Pal represent more than $140 million in revenue opportunity with very attractive margins over the terms of the contracts. 22nd Century is now advancing its initial mass market retail efforts for these products across the United States, leveraging a network of more than 200 wholesale distributors. The Company continues to pursue additional exclusive license opportunities with industry brands interested in its innovative integrated solution.
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VLCN | Hot Stocks09:15 EDT Volcon aligns with EV charging solutions providers InCharge, Qmerit - Volcon announced that it will expand its dedication of purposeful relationships by collaborating with two EV charging solutions providers, InCharge Energy and Qmerit. Each charging solutions provider will offer respective audiences with tailored charging solutions, giving both consumers and dealers options for charging their electric Volcon vehicles. The agreements come at a time when many OEMs are including EVs in their product roadmaps or have goals to pivot entire fleets to electric all together. "Buying an EV is only the beginning, and it's important to us that we guide our customer through their EV journey after the point of purchase," says Volcon CEO, Jordan Davis. "Once you invest in an EV, you need an accessible and easy solution for charging it. We want to provide our customers with those solutions along the way. It's also about developing relationships with companies who share a similar vision and working with them in unison to help propel this technology to the masses." Davis added.
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AVAV | Hot Stocks09:14 EDT AeroVironment awarded $10M contract by NASA's Jet Propulsion Laboratory - AeroVironment has been awarded a $10M contract by NASA's Jet Propulsion Laboratory JPL to co-design and co-develop conceptual designs and engineering development units of Mars Sample Recovery Helicopter flight systems. Future efforts could include detailed design, build, and test of qualification and flight hardware. The helicopters build upon the Ingenuity Mars Helicopter design heritage and feature upgraded robotics to supplement aerial mobility. "Accomplishing the impossible has been AeroVironment's mission for more than 50 years and we are excited to be working with the NASA JPL team again to conquer the next challenge," said Scott Newbern, AeroVironment's vice president and chief technology officer. "Ingenuity's flights on Mars are a giant leap for robotic technology. Now we're advancing this science further by helping to build helicopters that not only will continue flight on Mars, but also will include apparatus to collect samples to bring back to Earth for this historic mission."
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VIR | Hot Stocks09:12 EDT Vir receives new $10M grant from the Bill & Melinda Gates Foundation - Vir Biotechnology announced that it received a new $10M grant from the Bill & Melinda Gates Foundation to support Vir's novel T cell vaccine development program. The new grant will support the Phase 1 clinical development of VIR-1388, an investigational novel T cell vaccine for the prevention of human immunodeficiency virus. Using applied learnings from VIR-1111, Vir's initial investigational proof-of-concept HIV T cell vaccine, VIR-1388 is designed to elicit T cells that recognize different HIV epitopes with the goal of creating a safe and effective HIV vaccine. Through close scientific partnership with the National Institute of Allergy and Infectious Diseases and the HIV Vaccine Trials Network, the Phase 1 trial of VIR-1388 is expected to begin in the second half of 2023. The trial will also be funded in part by NIAID, part of the National Institutes of Health, through grant funding to HVTN. NIAID has provided funding throughout the product development lifecycle of VIR-1388. "Vir's long-standing support from the Bill & Melinda Gates Foundation has been a formative part of our company history in global health," said Rajesh Gupta, M.D., M.S., M.P.H., Vice President, Global Health Portfolio and Public-Private Partnerships at Vir Biotechnology. "This new grant underscores the importance of our goal of developing innovative solutions for the prevention and treatment of global infectious diseases, including HIV. We look forward to advancing VIR-1388 into the clinic later this year."
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MULN | Hot Stocks09:12 EDT Mullen Automotive announces 1,000 vehicle order - Mullen Automotive announces a 1,000-vehicle order for the Mullen THREE, a Class 3 low cab forward EV truck. The order has been placed by the Randy Marion Automotive Group, with deliveries commencing in August 2023. The purchase order is valued at $63 million and is between Randy Marion Isuzu, LLC, a member of the Randy Marion Automotive Group, and Mullen Automotive.
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OSIS | Hot Stocks09:11 EDT OSI Systems receives $12M order - OSI Systems announced that its Healthcare division, Spacelabs Healthcare, received an order valued at approximately $12M to provide patient monitoring solutions to a U.S. based hospital, highlighting Spacelabs' ability to provide advanced network security and industry-leading clinical workflow solutions.
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MFGCF | Hot Stocks09:10 EDT Mayfair Gold announces results from Fenn-Gib drill program - Mayfair Gold announced the latest set of drill results from the Fenn-Gib resource expansion and infill drill program. Mayfair's 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit-constrained Indicated Resource of 3.06 million ounces and an Inferred Resource of 0.31M ounces, with disseminated gold mineralization striking east-west on the Pipestone Fault over more than 1.25 kilometers and up to 300 meters wide at the west end. Highlight drill results include: FG22-298A intersected 0.71 grams per tonne Gold over 371.0m, including 1.00 g/t Au over 71.0m and 0.91 g/t Au over 137.8m; FG22-294A intersected 11.43 g/t Au over 6.0m including 64.15 g/t Au over 1.0m, 0.90 g/t Au over 121.7m including 1.12 g/t Au over 45.5m and 1.56 g/t Au over 28.6m, 0.53 g/t Au over 42.4/ The latest drill results continue to intersect significant gold mineralization building on the previously reported Fenn-Gib results, including: hole FG22-253 intersected 1.10 g/t Au over 366.7m from near-surface, including 4.12 g/t Au over 14.0m and 5.66 g/t Au over 16.0m, hole FG22-267 intersected 1.53 g/t Au over 133.7m, including 3.18 g/t Au over 53.4m; hole FG22-242 intersected 1.40 g/t Au over 65.0m, including 1.79 g/t Au over 44.6m; FG22-250 intersected 0.87 g/t Au over 311.0m, including 1.08 g/t Au over 57.0m, including 1.10 g/t Au over 99.0m and 1.36 g/t Au over 33.6m and hole FG22-254 intersected 1.12 g/t Au over 102.0m, including 2.66 g/t Au over 25.3m; hole FG21-148 which intersected 101.0m at a grade of 0.88 g/t Au, including 51.7m at a grade of 1.16 g/t Au; hole FG21-149 intersected 101.9m at a grade of 0.75 g/t Au, including 18.0m at a grade of 1.77 g/t Au; hole FG21-150 intersected 65.5m at a grade of 1.18 g/t Au, including 10.0m at a grade of 4.24 g/t Au; hole FG21-153 intersected 233.0m at a grade of 1.05 g/t Au, including 84.0m at a grade of 1.83 g/t Au, and also including 25.5m at a grade of 4.70 g/t Au. FG21-206 intersected 0.93 g/t Au over 134.2m, including 1.31 g/t Au over 78.3m, and hole FG21-213 intersected 1.02 g/t Au over 92.7m. Hole FG21-190 intersected 0.59 g/t Au over 158.0m, including 1.07 g/t Au over 34.0m, hole FG21-217C intersected 0.77 g/t Au over 184.5m, including 0.98 g/t Au over 62.0m, and including 1.31 g/t Au over 18.8m, and hole FG22-223 intersected 1.21 g/t Au over 112.1m, including 3.04 g/t Au over 31.5m. Hole FG22-272 intersected 1.85 g/t Au over 130.5m, including 2.70 g/t Au over 83.0m, including 5.14 g/t Au over 29.2m, and hole FG22-274 intersected 0.71 g/t Au over 162.9m, including 1.09 g/t Au over 37.3m. Hole FG22-291 intersected 1.06 g/t Au over 163.1m, including 2.92 g/t Au over 23.2m; hole FG22-240 intersected 13.2 g/t Au over 1.5, 0.80 g/t Au over 96.0m, including 1.71 g/t Au over 29.0m, 43.70 g/t Au over 1.5m and 6.14 g/t Au over 3.2m; and hole FG22-276A intersected 20.93 g/t Au over 1.0m, 0.78 g/t Au over 187.5m, including 1.26 g/t Au over 77.9m.
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BEN | Hot Stocks09:10 EDT Franklin Resources acquires managed option firm volScout, no terms - Franklin Resources announced that it has acquired volScout, an early-stage business delivering managed options strategies to advisors serving wealth management and institutional clients, and has hired its founding partners, Brad Berggren, Jon Orseck and Roger Weber. With this transaction, Franklin Templeton, a leading separately managed account provider with approximately $110B in SMA assets under management, adds managed options strategies to its comprehensive suite of custom solutions capabilities. volScout founding partners Berggren, Orseck and Weber have decades of industry experience developing market-leading technology platforms used to manage derivative-based SMAs and funds and have held a number of senior roles in derivatives throughout their long careers.
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LINC | Hot Stocks09:09 EDT Lincoln announces upcoming retirement of Buchenot, EVP of Campus Operations - Lincoln Educational Services announced the upcoming retirement of Stephen Buchenot, Executive Vice President, EVP, of Campus Operations. Buchenot joined the Company in 1992 and has held various positions, including Campus President and Regional Operations Manager, before becoming Executive Vice President of Campus Operations where he oversees the operations of all campuses and admissions. Buchenot will continue in his role until June 2, 2023.
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GWH | Hot Stocks09:08 EDT ESS Inc: Company has 62 patents for innovative energy storage technology - ESS Tech, has been awarded over 20 additional patents for the company's industry-leading iron flow battery IFB technology since the beginning of 2022. This brings the total number of patents held by the company to 62 worldwide with a further 225 applications filed. Founded in 2011, ESS has built an extensive portfolio of patents, proprietary knowledge, and experience in scaling the commercial manufacturing and deployment of iron flow battery systems. ESS' innovations have addressed the critical advancements needed to facilitate mass adoption of IFB technology including the company's patented Electrolyte Health Management System . Collectively, these innovations have created systems capable of delivering unlimited cycling with zero capacity-fade over their operating life. "Solving the world's big energy challenges requires research and innovation," said Julia Song, CTO of ESS. "We are proud of our team's work to develop long-duration energy storage solutions and are grateful for the validation of our distinct innovations by U.S. and global officials. We look forward to the continued advancement of our technology and the competitive advantage it creates in the marketplace as we enable the rapid expansion of wind and solar generation and catalyze the clean energy future."
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IPDN | Hot Stocks09:07 EDT Professional Diversity Network announces additional acquisition in RemoteMore - Professional Diversity Network announced the acquisition of additional 7% in RemoteMore USA on April 28, 2023. After the transaction, PDN's ownership position in RemoteMore will increase to approximately 73%. RemoteMore has been working on an artificial intelligence solution that improves the matchmaking between companies and developers. The RemoteMore AI-powered matchmaking tools will make the company's offering even more exciting to employers who are seeking to hire qualified developers. Delivering a high-quality matchmaking experience at scale is an important competitive advantage given the confusingly big candidate pool that remote work unlocks for companies. "AI-powered tools are some of the most impressive technological developments in recent years and their popularity is only growing," said Adam He, CEO of PDN, "The momentum in the AI space has been tremendous and we want to be able to leverage this technology within our diversity recruiting operations as well, thus providing the synergies we had envisioned when first acquiring an interest in RemoteMore."
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MAR | Hot Stocks09:07 EDT Marriott plans to launch new extended stay brand for U.S., says CEO
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HPQ | Hot Stocks09:07 EDT HP Inc. announces new automation solutions - HP Inc. announced new automation solutions, and expanded materials, software, and services to help customers scale 3D printed parts production. HP has also promoted several of its current Digital Manufacturing Network members to its exclusive group of HP Digital Manufacturing Partners. In addition, Endeavor 3D, a leading contract manufacturer and one of the new DMPs, is adding Metal Jet capabilities to its existing Multi Jet Fusions manufacturing services.
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LCID | Hot Stocks09:07 EDT Lucid: SEC concludes investigation, does not intend to recommend action - In a regulatory filing, Lucid Group notes that it previously received a subpoena from the SEC requesting the production of certain documents in an investigation by the SEC related to the business combination between the company and Atieva, Inc. and certain projections and statements. The company responded and fully cooperated with the SEC in its review. Lucid added: "On April 27, 2023, SEC staff informed the company that they have concluded the investigation and that they do not intend to recommend an enforcement action by the SEC against the company."
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DV | Hot Stocks09:07 EDT DoubleVerify down over 7% after Spruce Point issues Strong Sell opinion on stock - Shares of DoubleVerify are down 7.3% or $2.12 at $26.79 in pre-market trading after Spruce Point Capital issued a "Strong Sell" opinion on the company.
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WKME | Hot Stocks09:06 EDT WalkMe announces availability of WalkMe Discovery - WalkMe announced the availability of WalkMe Discovery, the latest innovation in the evolution of digital adoption technology. WalkMe Discovery gives IT executives and enterprise software owners unprecedented visibility into their enterprise software stack. WalkMe Discovery automatically detects all the web-based apps a company is running, who is using what software, and whether they're using it as intended. Paired with WalkMe's unmatched capabilities to drive software adoption, companies now have a broader range of choices to maximize ROI once they understand the real inefficiencies in their software stack. "Optimizing software spend and driving efficiencies isn't just about reducing costs, it's about driving adoption of technology to ensure enterprises are not only paying for what they need, but also getting what they paid for," said Dan Adika, CEO & Co-Founder, WalkMe. "With the availability of WalkMe Discovery, WalkMe is the only provider that helps enterprises maximize the efficiency of software spend with insight into opportunities for enterprise-wide cost savings and with solutions for improving adoption, unlike point solutions that only provide one or the other."
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CSLLY | Hot Stocks09:05 EDT CSL's sparsentan did not achieve primary endpoint in glomerulosclerosis - CSL announced topline primary efficacy results from the pivotal Phase 3 DUPLEX Study of sparsentan, a Dual Endothelin Angiotensin Receptor Antagonist - DEARA -, in focal segmental glomerulosclerosis - FSGS - from its partner Travere Therapeutics. At the end of the 108-week double-blind period, sparsentan was observed to have a 0.3 mL/min/1.73m2 per year favorable difference on eGFR total slope and a 0.9 mL/min/1.73m2 per year favorable difference on eGFR chronic slope compared to the active control irbesartan, which was not statistically significant. After 108 weeks of treatment, sparsentan achieved a mean reduction in proteinuria from baseline of 50%, compared to 32% for irbesartan. Results from the two-year analysis demonstrated that sparsentan was well-tolerated and has shown a comparable safety profile to irbesartan. The secondary, topline exploratory and hard endpoints in the study trended favorably for sparsentan. A preliminary review of the safety results through 108 weeks of treatment indicate sparsentan has been generally well-tolerated and the overall safety profile in the study to date has been generally consistent between treatment groups. Travere Therapeutics intends to complete a full evaluation of the data from the DUPLEX Study and work with study investigators on future presentations and publication of the results at an upcoming medical meeting and/or in a peer-reviewed publication.
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FRC | Hot Stocks09:05 EDT First Republic trading halted, news dissemination
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NMTC | Hot Stocks09:04 EDT NeuroOne Medical announces U.S. commercial launch of Evo sEEG electrodes - NeuroOne Medical Technologies announced the commercial launch of the Evo sEEG electrode product line in the United States. Zimmer Biomet holds exclusive worldwide distribution rights to NeuroOne's Evo Cortical and sEEG product lines, and the Evo product line is expected to utilize Zimmer Biomet's ROSA One Brain, a robotic platform that assists surgeons in planning and performing complex minimally invasive neurosurgical procedures. Dave Rosa, CEO of NeuroOne, commented, "The commercial launch of the Evo sEEG platform represents one of the most impactful milestones in our Company's history. Paired with Zimmer Biomet's ROSA One Brain robotic platform and broad distribution network, we believe the Company is well positioned in the market given the synergies that exist between our novel thin film electrode platform and Zimmer Biomet's robotic platform. Importantly, this new technology potentially provides NeuroOne with a steady and predictable new revenue stream. We expect to complete our initial case within the next 30 days."
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DV | Hot Stocks09:04 EDT DoubleVerify down 7% in pre-market trading following Spruce Point short call
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SGBX | Hot Stocks09:04 EDT Safe & Green appoints Patricia Kaelin as CFO - Safe & Green announced the appointment of Patricia Kaelin as the company's new CFO, effective May 2. Kaelin is a member of the AICPA with more than 25 years of financial leadership, strategic planning, and public company experience. She has served as CFO for public and privately held companies and has extensive experience in the construction, real estate, manufacturing and healthcare industries.
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TASK | Hot Stocks09:03 EDT TaskUs launches first Technology and Innovation Center in Chennai, India - TaskUs launched its first Technology and Innovation Center. Located in Chennai, India, the Center houses developers building next generation technologies such as Generative AI and Machine Learning products for TaskUs clients and operations around the world. "TaskUs' vision is to become the world's largest tech-enabled business service provider, helping clients solve their most complex problems," said Chandra Venkataramani, Chief Information Officer at TaskUs. "Our new hub is a place for the brightest technologists to collaborate and create together. The Chennai facility is a central gathering spot for our developers to work on and deliver technologies that will increase TaskUs' efficiency and aid our clients as they seek to automate processes and maximize next-gen technologies such as Generative AI."
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API | Hot Stocks09:03 EDT Agora launches real-time transcription solution - Agora announced the launch of Agora's Real-Time Transcription solution. The solution provides developers with the fastest, most accurate, and affordable automated transcription, and subtitling capabilities that can be easily integrated into any app or service.Traditional transcription services face challenges which limit their value, such as inaccurate results when transcribing voice to text in noisy environments, not understanding heavily accented speech, and the inability to accurately transcribe real-time conversations between multiple people where there is overlapping speech. Agora's Real-Time Transcription solution meets customer demand to solve these challenges while being more accurate and cost effective than other top speech-to-text vendors. Key features include: Live Transcription: Transcribe real-time audio and video to include captions to improve audience reach and experience. Speaker Labeling: Easily label who said what with a speaker dropdown to ensure accurate speaker information with the transcription. Searchable Transcripts: Search for words, phrases, and themes across all transcripts. Leverage transcript as input to ChatGPT or other generative AI solutions. Recording Captioning: Play back audio or video recordings with closed captions. Channel-Based Transcription: Transcribe with multiple active hosts in a channel deliver a transcript to all participants while only paying for the channel duration-not the number of users or speakers.
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DV | Hot Stocks09:02 EDT Spruce Point issues "Strong Sell" on DoubleVerify
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GFI OBNNF | Hot Stocks09:01 EDT Gold Fields partners with Osisko to develop Windfall project in Quebec, Canada - Gold Fields (GFI) announced a partnership with Osisko Mining (OBNNF) to develop and mine the world class underground Windfall Project in Quebec, Canada, now known as the Windfall Mining Group. Under executed and implemented transaction agreements, Gold Fields, through a 100% held Canadian subsidiary, has acquired a 50% interest in the feasibility stage Windfall Project on the following key terms: Cash payment of C$300 million paid on signing; Cash payment of C$300 million payable on issuance of key permits by the Deputy Minister of Quebec's Ministere de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs to the Partnership authorising the construction and operation of the Windfall Project; and 50/50 co-share of interim and construction capital expenditures. Under the Partnership, Gold Fields has also acquired a 50% up-front vested interest in Osisko's highly prospective Urban Barry and Quevillon district exploration camps, totaling approximately 2,400km2, which will be co-explored and co-developed under the Partnership. In exchange, Gold Fields will fund the first C$75 million in regional exploration on those Exploration Properties over the first seven years of the Partnership. Thereafter, exploration spend will be shared 50/50. This transaction constitutes a measured strategic entry into a sought after, Tier 1 mining jurisdiction, at an attractive valuation, underpinned by a world class near mine asset, with significant camp scale exploration potential. Gold Fields is excited to do so in partnership with an experienced operator in Osisko, who has already achieved great exploration success at Windfall and the Urban Barry camp, and who brings with them a successful track record and reputation of permitting, constructing, commissioning and operating Tier 1 assets in the province of Quebec. Under the Partnership structure, each of Osisko and Gold Fields respectively hold an effective 50% partnership interest in the Windfall Project and the Exploration Properties. Management and operatorship will be joint, and each partner holds a 50% interest in a newly incorporated company responsible for managing the operations of the Windfall Project and exploring the Exploration Properties for and on behalf of Gold Fields and Osisko. The management company will be governed by a Board of Directors comprising three directors nominated by Gold Fields and three directors nominated by Osisko. Having carried out extensive due diligence, management interaction and site visits for just over a year, Gold Fields believes the Windfall Project is on track to become a high-quality, low-cost underground gold mine with a relatively small surface footprint and considerable growth prospects along strike and down plunge, well beyond delineated Mineral Reserves and the current 10 year projected mine life set out in Osisko's December 2022 Windfall Feasibility Study.
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ELAN | Hot Stocks09:00 EDT Elanco provided USDA license for Canine Parvovirus Monoclonal Antibody - Elanco announced the U.S. Department of Agriculture, or USDA, has provided a conditional license for the first Canine Parvovirus Monoclonal Antibody. This is the first and only approved therapeutic solution proven to treat canine parvovirus, one of the most contagious and deadly viruses a dog can contract with a 91% mortality rate if not treated with supportive care. The treatment is the first monoclonal antibody for Elanco.
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HYMTF | Hot Stocks08:56 EDT Hyundai Motor America reports April retail sales of 70,812 units, up 15% y/y - Hyundai Motor America reported total April sales of 70,812 units, a 15% increase compared with April 2022 and the 2nd best April in Hyundai history. Hyundai set best-ever total sales in April for Elantra HEV (+57%), Elantra N (+6%), Kona EV (155%), Santa Fe HEV (+259%), Tucson PHEV (+47%), Tucson HEV (+101%) and Santa Cruz (+14%). Hyundai fleet sales were 5,917 and represented 8% of total volume for the month.
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NLSP | Hot Stocks08:54 EDT NLS Pharmaceutics receives FDA approval to proceed with Phase 3 AMAZE program - NLS Pharmaceutics announced that the U.S. Food and Drug Administration provided authorization to proceed with the Phase 3 program for Quilience. The AMAZE Program will encompass two double-blind Phase 3 trials investigating Mazindol ER versus placebo in adult patients with narcolepsy, commencing this summer at multiple sites in the U.S. Both phase 3 trials, NLS-1031 and NLS-1032, will measure the weekly cataplexy episodes as the primary endpoint over 8 weeks of treatment. Patients who complete these studies will be offered participation in a 12-month open-label extension study. To be eligible for enrollment into the program, patients must be at least 18 years of age and have been diagnosed with narcolepsy with cataplexy. NLS previously reported on the Phase 2 study results in narcolepsy in which Quilience met all primary and secondary endpoints. Patients treated with Mazindol ER in the randomized Phase 2 trial showed continued improvement after rolling over into the OLE study and patients treated with placebo in the randomized Phase 2 trial and who subsequently received Mazindol ER in the OLE study achieved comparable results to the Mazindol ER-treated patients in the Phase 2 trial. Data from the Phase 2 studies will be presented at SLEEP 2023, the annual meeting of the American Academy of Sleep Medicine and the Sleep Research Society, which is being held from June 3 - 7, 2023, in Indianapolis.
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CAR | Hot Stocks08:54 EDT Avis Budget sees Q2 adjusted EBITDA 'roughly $600M' - Comments taken from Q1 earnings conference call.
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AIP | Hot Stocks08:51 EDT Arteris IP says Tenstorrent licenses Ncore, FlexNoC interconnect IP - Arteris announced Tenstorrent has licensed Ncore and FlexNoC interconnect IP for its AI chiplet systems. The flexible network-on-chip interconnect meets the demanding time-to-market and performance requirements needed to deliver the future generation of AI solutions for edge devices, edge servers and cloud servers.
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TCBI | Hot Stocks08:50 EDT Texas Capital Bank appoints John Clendening as head of marketing, communications - Texas Capital Bancshares announced that John Clendening has joined the firm as Executive Director and Head of Marketing and Communications, effective immediately. As Head of Marketing and Communications, he is responsible for the internal and external marketing and communications strategy and execution for Texas Capital Bank across all channels, including brand management, messaging, content development, digital marketing, media relations and social media. Mr. Clendening reports to John Cummings, Texas Capital Bank's Chief Administrative Officer. . Clendening joins Texas Capital Bank from Unisys, where he led all corporate, financial, product, executive, internal and crisis communications.
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LOOP | Hot Stocks08:48 EDT Loop Industries, SK Geo Centric sign JV agreement - Loop Industries and SK Geo Centric announced they have signed a definitive Joint Venture Agreement to deploy Loop's technology in the Asian market through multiple commercial manufacturing facilities. SKGC will own 51% of the venture, which will be headquartered in Singapore, and Loop will have the remaining 49% ownership. Under the JVA, the venture will have exclusive rights to commercialize Loop's technology in the Asian market for a prescribed period and Loop will license its technology for an annual royalty for each of the commercial plants. The first planned commercial manufacturing facility with Infinite Loop technology, located in Ulsan, South Korea, will have an annual capacity to supply 70,000 metric tons per year of Loop PET resin for packaging and polyester fiber applications, and is anticipated to break ground in 2023 and to have construction completed by the end of 2025. In addition to Infinite Loop Ulsan, the two partners have outlined plans which target a minimum of three additional commercial manufacturing facilities to be constructed throughout Asia by 2030. Loop and SKGC have partnered with SK ecoengineering, a subsidiary of the SK Group that brings a wealth of expertise as an EPC contractor, for the engineering and construction of the commercial manufacturing facilities.
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UAVS | Hot Stocks08:47 EDT Ageagle Aerial Systems signs $2M agreement with Wingtra - AgEagle Aerial Systems signed a two-year supply agreement with Wingtra AG, securing the supply of RedEdge-P sensor kits for integration with WingtraOne Vertical Take-Off and Landing drones. Pursuant to the agreement, AgEagle has guaranteed production and delivery of RedEdge-P sensors kitted with its MicaSense Calibrated Reflectance Panel 2, RedEdge-P Lens Cover, CF Express Storage Card, CF Express Storage Card Reader, MicaSense DLS2 and MicaSense WiFi Dongle to Wingtra over the next two years.
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XSHLF | Hot Stocks08:46 EDT XS Financial provides $7.5M capex lease facility to Northeast Alternatives - XS Financial entered into a new lease agreement with Northeast Alternatives, a vertically integrated Massachusetts and Michigan operator. NEA has been approved for a $7.5M CAPEX lease facility, with an immediate drawdown of over $1M, to purchase equipment with up to 60-month terms. This equipment acquisition will enhance the capabilities of existing processing facilities and buildouts for their operations.
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SIDU | Hot Stocks08:45 EDT Sidus Space teams with Lulav Space on navigation/control for lunar missions - Sidus Space announces it has signed a memorandum of understanding with Lulav Space, an Israeli robotics company specializing in space applications, to cooperate in the US market by providing a complete guidance navigation and control solution for both lunar satellite and lunar lander missions. Lulav's engineers played an integral role in the Beresheet 1 mission, the first private Lunar lander mission, launched in 2019. We look forward to capitalizing on this agreement to bring their next-generation GN&C solutions to the US market," said Carol Craig, Sidus Space Founder and CEO. Under the terms of the agreement, the two companies will offer a robust GN&C suite to support all lunar missions, from launcher separation in LEO through trans-lunar injection , lunar capture, lunar orbiting, and landing phase with touchdown on the lunar surface. The GN&C suite can be customized for the unique requirements of each mission.
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MYNA | Hot Stocks08:45 EDT Mynaric receives order for CONDOR terminals from Loft Federal - Mynaric entered into a definitive agreement for the sale of CONDOR Mk3 terminals to Loft Federal, a subsidiary of Loft Orbital. Loft Federal was selected to produce, deploy and operate NExT - the Space Development Agency's Experimental Testbed and will use the terminals to support secure and reliable communications. Terminal deliveries are primarily scheduled for the first half of 2024. The order announced today was received in late 2022 and was already accounted for in the previously disclosed optical communications terminal backlog as of December 31, 2022.
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UBER LYFT | Hot Stocks08:45 EDT Uber says 'optimizing' every single line of P&L - Says platform operating "quite well" and at a "high level." Expects free cash flow to ramp in coming quarters. Says advertising continues to grow at high rates. Says "very happy" with ad products. Says advertisers on platform grew 70% in Q1. Says "playing by the rules" in German expansion. Expects a "constructive" competitive environment with Lyft (LYFT) going forward.
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MAR | Hot Stocks08:44 EDT Marriott expects tightening in hotel financing to be short-term
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MVLA TM | Hot Stocks08:44 EDT Movella says Toyota Motors Europe utilizes MVN Analyze data - Movella Holdings is providing data that increases safety for workers in automotive manufacturing. Toyota Motors Europe is utilizing Movella's MVN Analyze data in its upper and lower-body ergonomic analysis tools to troubleshoot production line processes and vehicle design.
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MAR | Hot Stocks08:44 EDT Marriott expects to return $3.6B-$4.1B to shareholders in 2023
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SMID | Hot Stocks08:42 EDT Smith-Midland Corp to begin production on $4.5M project using SlenderWall - Smith-Midland will begin production on a $4.5 million project containing more than four hundred SlenderWall Architectural precast panels for the new care tower on the Atrium Health Wake Forest Baptist Hospital campus in Wake Forest, North Carolina. The panels will have a white acid-etch finish with Vertical Reveals. The SlenderWall panel is a unified system combining steel-stud framing which is ready for drywall and windows, has continuous insulation and weighs 66% less than traditional precast panels. Production will begin later this year with installation beginning in early 2024. The team at Smith-Midland, Virginia, will be assisting with the design alongside HKS Architects and CPL Architecture, Engineering and Planning, as well as General Contractors, Brasfield and Gorrie/Grank L. Blum Joint Venture.
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CLSH | Hot Stocks08:41 EDT CLS Holdings, Oasis Cannabis Dispensary add The Real McCoy to shelves - CLS Holdings USA Inc., and Oasis Cannabis Dispensary are pleased to welcome The Real McCoy to our Dispensary shelves. The Real McCoy is a boutique cannabis company located in Nevada that prides themselves on producing the purest indoor grown cannabis.
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FSM | Hot Stocks08:40 EDT Fortuna Silver Mines reports an illegal blockade at San Jose Mine, Mexico - Fortuna Silver Mine reports that a small group of union employees, representing 15 percent of the mine and plant workforce, have illegally blockaded access to the San Jose Mine. As a result, operations at the mine have been temporarily halted. The illegal blockade arose after this group of workers did not agree with the estimated amount the Company is to distribute among the workforce as part of the worker's profit sharing entitlement. Profit sharing is a transparent calculation and is payable in accordance with Mexican legislation. The blockaders demand the Company increases profit sharing participation beyond what is stipulated by law. The Company is engaged in dialogue with the union leadership in an open and constructive manner to have employees return to work and for operations to resume as soon as possible.
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MBRX | Hot Stocks08:39 EDT Moleculin Biotech completes first cohort in Phase 1b/2 trial of AML combination - Moleculin Biotech announced the successful completion of the first cohort in the Phase 1b portion of its Phase 1b/2 clinical trial using Annamycin in combination with Cytarabine for the treatment of AML. The median of prior therapies for these three subjects were 5 - 2 to 7 -. One of the subjects, who was 78 years of age at the time of study initiation with 2 prior multi-year therapies, was preliminarily recorded as a complete response at three weeks, or "CR", per the protocol. This was subsequently confirmed to be a durable CR after four weeks. The other two subjects were shown to have disease progression. Subjects have already been identified as potential candidates for the second cohort. The Phase 1b/2 MB-106 trial is an open label trial that builds on the safety and dosage data from the two concluded single agent Annamycin AML Phase 1 trials, MB-104 and MB-105, conducted in the U.S. and Europe, respectively.
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HDSN | Hot Stocks08:39 EDT Hudson Technologies joins EPA's GreenChill Advanced Refrigeration par - Hudson Technologies announced that it has become a Chemical Producer Partner in the U.S. Environmental Protection Agency's, EPA, GreenChill Advanced Refrigeration Partnership. Brian Coleman, President and Chief Executive Officer of Hudson Technologies commented, "Hudson is pleased to have this opportunity to join the GreenChill Partnership to further our commitment to initiatives around the use of more environmentally friendly refrigerants. Through our EMERALD Refrigerants line, we fulfill industry-wide cooling system demand for refrigerants with recovered and reclaimed product, providing a sustainable solution and promoting the circular economy of refrigerants. We look forward to bringing our reclaimed refrigerants, our system conversion, and energy efficiency expertise to the program to support the transition to greener refrigeration and cooling system alternatives."
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DDD | Hot Stocks08:38 EDT 3D Systems showcases portfolio enhancements at RAPID+TCT 2023 - 3D Systems announced it will showcase its additive manufacturing solutions at RAPID+TCT 2023 that are catalyzing innovation across industries including motorsports, semiconductor equipment, aerospace, and medical device manufacturing. The company's solutions comprising 3D printing technology, materials, software, and applications expertise are changing the landscape of design, engineering, and manufacturing. At RAPID+TCT 2023, 3D Systems is introducing portfolio enhancements - SLS Material Delivery Module, DMP Build Changeover Station, GRCop-42, CuCr1Zr - that will enable customers to expand the breadth of applications they can address with AM and enhance productivity.
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RMCF | Hot Stocks08:37 EDT Rocky Mountain furthers strategic initiatives with divestiture of U-Swirl - Rocky Mountain Chocolate Factory announced it has completed the sale of the franchise rights and associated intellectual property of U-Swirl International, the Company's yogurt franchise business, to U Swirl, LLC, a related company of Fosters Freeze led by the team of Neal Dahya, Nimesh Dahya, and Kishan Patel. The transaction closed on May 1, 2023. The Company's sale of all remaining U-Swirl franchise-related assets, along with the separate sale of three formerly corporate-owned frozen yogurt stores to a third party in February 2023, represents the Company's complete exit from frozen yogurt operations. "The yogurt business has been a part of the Rocky Mountain Chocolate Factory family for over a decade, beginning with the launch of Aspen Leaf in 2010 and then our acquisition of U-Swirl in 2013," said CEO Rob Sarlls. "This final divestiture enables us to focus on our core operations of manufacturing and marketing premium chocolate products for a consistently growing marketplace, while strengthening our commitment to RMCF franchisees. The proceeds from the sale will be reinvested into our factory and equipment to drive operational efficiencies, product development, and improve product quality and consistency."
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WKHS | Hot Stocks08:37 EDT Workhorse Group to highlight W56 Step Van at ACT Expo - Workhorse Group announced its attendance at the upcoming Advanced Clean Transportation Expo, which is being held from May 1-4, 2023 in Anaheim, CA. As part of the Company's participation at ACT Expo, Workhorse plans to highlight the commercial readiness of its W56 step van which was formally unveiled in March at the NTEA Work Truck Show. Workhorse will be displaying a production intent vehicle and stripped chassis along with a dedicated W56 step van available for ride-and-drive opportunities during the event. Dealers are now taking pre-orders for W56 production slots in Q4 2023/Q1 2024 scheduling before production begins in Q3 2023.
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MAR | Hot Stocks08:36 EDT Marriott sees returning to mid-single digit net rooms growth in next few years
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SURG | Hot Stocks08:36 EDT SurgePays approved to dual list on Upstream - SurgePays announced its approval to dual list its shares on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex and MERJ Exchange Limited. Trading becomes available on Upstream May 8, 2023, at 10:00am ET under the ticker symbol "SURG''. The dual listing on Upstream is designed to provide SurgePays the opportunity to access a global, digital-first investor base outside the U.S. that can trade using USDC digital currency along with credit, debit, PayPal, and USD; unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in SurgePays..
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OTLY | Hot Stocks08:36 EDT Oatly Group, MiLB announce multi-year partnership across North America - Oatly Group and Minor League Baseball, MiLB, announced an exclusive, multi-year partnership across the US and Canada. The partnership launched in select parks Opening Day and is believed to be the first-ever national, plant-based milk and plant-based, non-dairy dessert partnership with a sports league in the US. "We're thrilled to partner with MiLB and for Oatly to play a greater role in an American institution like the Minor Leagues," said Mike Messersmith, President, Oatly North America. "Our mission at Oatly is to make it easier for people to eat better and live healthier lives without heavily taxing the planet's resources. This sponsorship allows us to amplify that message and introduce our products in communities across the country during fun moments in baseball fans' everyday lives. But don't expect your average static logo in stadium, we're here to play ball. We'll see you in the oatfield!"
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MAR | Hot Stocks08:36 EDT Marriott raises FY23 comparable systemwide RevPAR growth view to 10%-13% - Sees Q2 worldwide RevPAR growth 10%-12%. Sees FY23 RevPAR up 6%-9% for the U.S. and Canada, with Q2 up 5%-7%, and up 22%-25% for the international segment for FY23 and up 27%-29% for Q2. Sees FY23 gross rooms growth about 5.5% worldwide.
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NRSN | Hot Stocks08:36 EDT NeuroSense reports positive preliminary results in Parkinson's study - NeuroSense announced positive preliminary results from a novel biomarker study conducted to evaluate the potential of NeuroSense's combination platform therapy for the treatment of Parkinson's disease - PD -. This study compared blood samples from 30 healthy individuals to 30 people living with PD by utilizing neuronal derived exosomes to identify modulations in PD-associated biomarkers, including AG02. AGO2 - Argonaute 2 -, the catalytic subunit of the protein complex responsible for RNA-induced silencing, was shown to be critical to the regulation of alpha-synuclein accumulation in dopaminergic neurons of the substantia nigra pars compacta, the region of the brain that is responsible for motor control. The dysregulation of alphaSyn through dysfunction of AGO2 can have detrimental effects in the brain, which can lead to PD. In the PD biomarker study, NeuroSense observed a statistically significant decrease in levels of AGO2 in newly diagnosed PD patients when compared to the healthy control group. There were no significant changes observed in AGO2 levels of more advanced stage PD patients, indicating this trend could be related to disease onset. In the PD biomarker study NeuroSense observed a change in levels of LC3, which decreased in newly diagnosed PD patients, suggesting an impairment in cellular recycling processes. Other biomarkers that were measured, including some PD-specific markers, did not reveal trends and may be revisited in future studies.
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CMND | Hot Stocks08:34 EDT Clearmind Medicine announces clinical supply agreement for upcoming trial - Clearmind Medicine announced an agreement with IMP Clinical Supply Services, IMP. IMP will be responsible for the global clinical supply chain of Clearmind's proprietary drug candidate CMND-100 from manufacture to the various clinical sites. IMP is known for its comprehensive, tailor-made clinical supply services that address all study requirements. The array of services to be performed are fully compliant with GMP, GCP, and GDP standards. Clinical drug supply is a critical factor for trial success so collaboration with best-in-class clinical drug supply vendor forestalls the possibility of it being a bottleneck to successful drug delivery. Moreover, it can also deliver enormous benefits, including better investigator and patient experiences as well as cost savings in clinical drug supply. The company's clinical trial is expected to commence in Q2 2023 in the United States and in Israel. The primary end point of the trial is to find the tolerable dose and characterize the safety and pharmacokinetics/ pharmacodynamics of single and repeated doses of CMND-100 in healthy subjects and those with Alcohol Use Disorder. The secondary end point is to preliminarily evaluate the efficacy of CMND-100 in reduction of drinking patterns and craving in individuals with moderate-to-severe AUD. Oral capsules will be administered once daily, for ten consecutive days. The patients will report their drinking patterns and craving for alcohol (and cigarettes) during the clinical trial period.
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SBEV | Hot Stocks08:34 EDT Splash Beverage enters distribution agreement with Stein Distributing - Splash Beverage Group entered into a distribution agreement with Stein Distributing for the distribution of all four Splash brands in Idaho's largest city, Boise. Stein Distributing, founded in 1956, is a premier distributor in the state of Idaho that carries top tier brands from the Anheuser-Busch portfolio. The company services an area that covers over 30,000 square miles in 10.5 counties with a population of over 700,000 people.
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MAR | Hot Stocks08:33 EDT Marriott: Transient booking window still short-term
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KITT | Hot Stocks08:33 EDT Nauticus Robotics successfully completes live testing with U.S. Navy - Nauticus Robotics announced its successful completion of a live offshore demonstration with the U.S. Navy of its AI-enhanced mine countermeasure vehicle. The achievement advanced Nauticus to the next phase of the Defense Innovation Unit's Autonomous Explosive Ordinance Disposal Maritime Response Vehicle program. The AEMRV represents one of two Nauticus programs with the DIU - a Department of Defense organization that strengthens the national security by accelerating the adoption of leading commercial technology throughout the military and growing the national security innovation base. In February 2022, DIU commissioned Nauticus to transform an existing mine countermeasure platform into an untethered autonomous drone to remotely identify and neutralize subsea mines and other targets of interest and take U.S. Navy EOD divers out of harm's way in the process. Mine warfare is a global threat and can disrupt supply chains, logistics, and critical subsea infrastructure. The Company integrated its software package, toolKITT, into a subsea vehicle used in an existing program of record. The AI-enabled software allows untethered vehicle operations while adhering to open architecture principles. "Our premier software platform, toolKITT, will enable the U.S. Navy to use an enhanced, autonomous vehicle with state-of-the-art adaptive functionality. We are honored to have been given the opportunity and deliver on providing the U.S. Navy with a revolutionary underwater vehicle behaviors that optimizes both functionality and safety," said Nicolaus Radford, CEO of Nauticus. "We are committed to supporting DIU to bring autonomy to the forefront of defense problem-solving."
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APO | Hot Stocks08:33 EDT Apollo Global launches new product platform for global wealth markets - Apollo announced the launch of the Apollo Private Markets SICAV, a Luxembourg-based product platform designed to offer a holistic set of Apollo's alternative solutions to wealth investors in EMEA, Asia and Latin America, in formats tailored to individuals' specific needs. The platform received regulatory authorization from Luxembourg's Commission de Surveillance du Secteur Financier and launches with its first two investment strategies. The launch of the platform marks a significant milestone in the buildout of Apollo's Global Wealth business in regions outside of the United States. The new platform will initially offer two perpetual, semi-liquid products - one that provides a turn-key solution to broad private markets exposure and another focused on US private credit - and Apollo plans to add additional strategies in upcoming months. The SICAV structure will allow investors to access strategies in their local currency, with lower investment minimums than traditional alternative product offerings.
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MAR | Hot Stocks08:32 EDT Marriott: Timing of demand recovery has varied across regions - Comments taken from Q1 earnings conference call.
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MSA | Hot Stocks08:32 EDT MSA Safety raises quarterly dividend 2.2% to 47c from 46c per share - The quarterly dividend is payable June 10 to shareholders of record on May 16.
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CRNC | Hot Stocks08:30 EDT Cerence appoints Arshad as Chief Technology Officer - Cerence announced that it has named Iqbal Arshad, an accomplished technology industry veteran, as its new Chief Technology Officer. In this role, Arshad will lead Cerence's global technology, engineering, and product development organization, responsible for providing executive leadership for the company's technology vision, building innovative user experiences for the company's global automaker and mobility OEM customers, and accelerating Cerence's product roadmap for new business opportunities. Arshad most recently founded and served as the CEO of xCoefficient, helping companies to transition their products and services to connected platforms by leveraging mobile, cloud, and AI technologies.
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ARQT | Hot Stocks08:29 EDT Arcutis Biotherapeutics completes enrollment in ITNEGUMENT-PED Phase 3 trial - Arcutis Biotherapeutics announced the enrollment of the last subject in the INTEGUMENT-PED Pivotal Phase 3 trial evaluating roflumilast cream 0.05% for the treatment of mild to moderate AD in children ages 2 to 5. Roflumilast cream is a once-daily topical formulation of roflumilast, a highly potent and selective phosphodiesterase type 4 inhibitor, which the Company is evaluating in two doses for AD: 0.15% for adults and children 6 years of age and older, and 0.05% for children aged 2 to 5 years. Arcutis previously reported positive topline data in similarly designed Pivotal Phase 3 trials of roflumilast cream 0.15% in ages 6 and above. "Topical steroids are the first-line of treatment for AD in children, and there are few treatment options available for chronic use. It was critical for Arcutis that we developed and studied the effectiveness and safety of roflumilast cream in children as young as age 2 because of the tremendous burden AD can represent, including lack of sleep and persistent itch," said Patrick Burnett, MD, PhD, FAAD, Chief Medical Officer at Arcutis. "Roflumilast cream is a once-daily, steroid free treatment that was formulated to be a non-greasy, moisturizing cream that absorbs quickly. In addition, roflumilast cream does not include sensitizing excipients or irritants such as propylene glycol." The Company plans to report topline data for the INTEGUMENT-PED trial in the third quarter 2023.
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ENPH | Hot Stocks08:29 EDT Enphase Energy launches new home energy systems in Australia - Enphase Energy announced the launch of its most powerful Enphase Energy System to-date, featuring the new IQ Battery 5P and IQ8 Microinverters, for customers in Australia. The IQ Battery 5P is modular with 5 kWh capacity; the IQ8 Microinverters provide a peak output power of 384 W, offering homeowners reliable electricity whenever needed. The new system with the IQ Battery 5P enables configurations ranging from 5 to 20 kWh capacity. Each 5 kWh battery delivers 3.84 kW continuous power and 7.68 kW peak power for 3 seconds, allowing homeowners to start heavy loads during an outage. The system accommodates over-the-air software updates and can be configured for self-consumption, savings, or full backup functionality. In addition, the Storm Guard feature monitors data from the Australian Bureau of Meteorology and will automatically charge the battery to help homeowners prepare for possible grid outages due to severe weather events. The IQ Battery 5P comes with a 15-year limited warranty, the longest standard residential warranty in the Australian market.
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VRSSF | Hot Stocks08:26 EDT Verses Technologies demonstrates WAYFINDER intelligent routing agent - VERSES AI announced its participation as an Emerging Sponsor at Blue Yonder's ICON 2023 event, held in Las Vegas, NV from Tuesday, May 2nd through Friday, May 5th. This event brings together industry leaders, Blue Yonder customers, and innovative solutions at one event to explore the latest advancements in supply chain, logistics, and retail technology. At ICON 2023, VERSES will demonstrate the integration of their WAYFINDER Intelligent Routing Agent with Blue Yonder's Edge applications. This Agent is designed to optimize the routing of people, robots, drones, and other systems, dynamically adjusting their paths in real-time to ensure the most efficient routes relative to all other routes. The WAYFINDER Intelligent Routing Agent is the first in a series of Intelligent Agents that VERSES is developing in collaboration with Blue Yonder, a partnership that aims to revolutionize the supply chain and logistics industry by harnessing the power of artificial intelligence and advanced analytics.
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LTBR | Hot Stocks08:25 EDT Lightbridge receives notice of allowance for key patent in U.S. - Lightbridge announced that it received a Notice of Allowance for a key divisional patent from the United States Patent and Trademark Office related to Lightbridge's innovative metallic nuclear fuel assemblies. This is a divisional application based on a 2011 Patent Cooperation Treaty, PCT, application. The allowed claims include two independent claims: The first independent claim covers a fuel assembly that includes fuel elements with a fuel kernel that comprises delta-phase UZr2 and has a moderator-to-fuel ratio in a region of the fuel elements of 2.4 or less and The second independent claim covers a fuel assembly that includes fuel elements having a spirally twisted, multi-lobed profile that defines a plurality of spiral spacer ribs with cladding that is thicker at tips than at intersections. Seth Grae, President and CEO of Lightbridge, commented: "We are proud to add this latest Notice of Allowance to our growing portfolio of intellectual property that supports our strategy to commercialize Lightbridge Fuel(TM) in the United States. Our intellectual property serves as the foundation for our continued growth and is a testament to the ingenuity and hard work of our team that constantly pushes the boundaries of what is possible in the nuclear industry."
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IMMP | Hot Stocks08:24 EDT Immutep announces KOL event focused on eftilagimod alpha - Immutep announces a Key Opinion Leader event will be hosted by Ladenburg Thalmann & Co, Inc., on Tuesday, May 9, 2023, from 11:30 AM - 1:00 PM ET.
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TARA | Hot Stocks08:24 EDT Protara receive regulatory clearance from FDA to start Phase 2 STARBORN-1 trial - Protara Therapeutics announced that it has received regulatory clearance from the U.S. Food and Drug Administration, FDA, on its planned Phase 2 STARBORN-1 trial evaluating TARA-002, an investigational cell-based immunopotentiator, for the treatment of pediatric patients with lymphatic malformations. Trial initiation is expected in the fourth quarter of 2023. "There are currently no FDA-approved treatments for LMs, a rare, serious condition mostly affecting children," said Jesse Shefferman, Chief Executive Officer of Protara Therapeutics. "We are pleased to take the next step on our journey to deliver TARA-002 to these young patients and look forward to initiating this Phase 2 trial in pediatric patients with LMs." STARBORN-1 is a Phase 2 single-arm, open-label, prospective clinical trial to evaluate the safety and efficacy of intracystic injection of TARA-002 for the treatment of macrocystic and mixed cystic LMs in participants six months to less than 18 years of age. Following completion of an age de-escalation safety lead-in, the trial will enroll approximately 30 patients who will receive up to four injections of TARA-002 spaced approximately six weeks apart. The primary endpoint of the trial is the proportion of participants with macrocystic LMs and mixed cystic LMs who demonstrated clinical success, defined as having either a complete response or substantial response eight weeks after the last injection, as measured by axial imaging.
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PBAM | Hot Stocks08:24 EDT Private Bancorp of America announces ANI settlement recovery - Private Bancorp of America and its wholly-owned subsidiary, CalPrivate Bank, announced that it had reached a settlement with the Receiver for ANI Investments and Gina Champion-Cain in which the Company will recover $7.6 million plus certain rights to future recoveries from a guarantor of the charged off loan. This recovery amount represents 80% of the original principal charge-off and is net of the participant bank's share.
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MASI AAPL | Hot Stocks08:22 EDT Masimo down 5% after judge declares mistrial in fight with Apple - Shares of Masimo (MASI) are down $9.04, or nearly 5%, to $180.02 in pre-market trading after Senior U.S. District Judge James Selna declared a mistrial in Masimo's $1.8B trade secrets lawsuit against Apple (AAPL). Selna initially instructed the jury to continue deliberating through the end of Monday, but the jury sent another note that said, "We are not being able to come to a joint conclusion," after which Selna declared a mistrial, stating "I think you've done all that the court can reasonably expect you to do in this case," according to a report from Meghann Cuniff, a legal affairs journalist. Reference Link
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ELOX | Hot Stocks08:21 EDT Eloxx Pharmaceuticals announces FDA clearance to begin SAD study off ZKN-013 - Eloxx Pharmaceuticals announced that the U.S. Food and Drug Administration has cleared the Company's Investigational New Drug application to initiate a single ascending dose clinical trial in healthy volunteers for ZKN-013 for the potential treatment of recessive Dystrophic Epidermolysis Bullosa with nonsense mutations. RDEB is a rare skin disease characterized by mutations in Collagen7 gene. Further SAD and multiple ascending dose testing is expected to be conducted following the completion of the planned dose cohorts in the SAD study and discussion with the FDA. The MAD testing could potentially include RDEB patients given the strong benefit/risk in patients cited by the FDA.
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TKNO | Hot Stocks08:21 EDT Alpha Teknova launches proprietary AAV-Tek solutions gene therapy product line - Alpha Teknova launched the Company's first proprietary product line, AAV-Tek Solutions, specifically created to address critical pain points in the AAV gene therapy development workflow. The first product released in this line - the AAV-Tek AEX Buffer Screening Kit - is available for purchase today and can save gene therapy developers months of process development time. The AAV-Tek AEX Buffer Screening Kit, developed by Teknova's Research and Development team, is a proprietary, off-the-shelf selection of discrete buffers that significantly reduces the time it takes to find the ideal buffer formulation to optimize the separation of empty and full capsids during the anion exchange purification step. "Launching our first proprietary product line, AAV-Tek Solutions, is a momentous milestone and a direct result of demonstrating our team's expertise in the end-to-end AAV gene therapy workflow," said Stephen Gunstream, Teknova's President and Chief Executive Officer. "We repeatedly hear from customers that separation of capsids is challenging and time consuming, limiting the pace of innovation, and ultimately the delivery of life changing therapies to patients. By addressing key bioprocessing bottlenecks with new, custom products, we can collaborate closely with our customers to help accelerate breakthroughs. Our first product, the AAV-Tek AEX Buffer Screening Kit, was created to optimize the purification process and is one-of-a-kind in the industry. I'm confident it will be a game-changer for gene therapy developers."
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TOI | Hot Stocks08:20 EDT TOI patient is first to receive new therapy for metastatic ovarian cancer - A new era of immunotherapy-based treatments for metastatic ovarian cancer is providing patients with an alternative to chemotherapy through Tempus Laboratories and The Oncology Institute, TOI. A Los Angeles patient of TOI became the first randomized patient worldwide be treated with this promising study drug in March. "We are thrilled to have been the first to administer this immunotherapy treatment for a patient who otherwise would have needed chemotherapy," said Dr. Paul La Porte, MD. "Our focus as a value-based oncology practice is on patient outcomes and satisfaction. Providing access to cutting-edge medicines through the Tempus-TIME Trial Program reduces a huge barrier for our patients." The TIME Trial Program is a just-in-time network of providers supporting rapid patient identification, site activation, and enrollment of select, cutting-edge clinical trials. TIME's ability to rapidly open, in an average of 10 days, allows hospitals in its network to easily tap into a marketplace of trials that they can quickly initiate when they have a patient that is ready to enroll.
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CSTM | Hot Stocks08:19 EDT Constellium announces approval for Aheadd CP1 powder - Constellium announced today that its Aheadd CP1 aluminium additive manufacturing powder was approved for use in Formula 1 cars beginning in the 2024 season. Constellium has partnered with Velo3D and PWR Advanced Cooling Technology to start providing highly efficient, compact, and lightweight heat exchangers for Formula 1 vehicles along with a variety of components for high-performance customers. Constellium is working with multiple partners on additional Aheadd CP1-based applications.
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ECL | Hot Stocks08:18 EDT Ecolab expects 30c per share unfavorable impact in FY23 - The company said, "Ecolab continues to expect to deliver performance that improves despite a challenging macro environment characterized by high delivered product costs and easing demand. In addition, higher interest expense and currency translation are estimated to have a combined $0.30 per share unfavorable impact in 2023, or a 7% headwind to year-over-year earnings growth. The Company expects double-digit growth in organic operating income, driven by continued robust sales growth, easing delivered product cost inflation, and improved productivity. This strong performance is expected to more than overcome the challenging environment to deliver quarterly adjusted earnings per share growth that accelerates towards our low double-digit historical performance."
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MLYS | Hot Stocks08:17 EDT Mineralys Therapeutics announces first patient dosed in ADVANCE-HTN trial - Mineralys Therapeutics announced the first patient dosed in the ADVANCE-HTN pivotal trial to evaluate the safety and efficacy of lorundrostat for the treatment of uncontrolled hypertension and resistant hypertension when used as an add-on therapy to standardized background treatment of two or three antihypertensive medications. The topline data from this trial are expected in the first half of 2024. "The ADVANCE-HTN trial marks an important milestone for Mineralys as we initiate our pivotal program for lorundrostat. Over half of all treated hypertension patients fail to achieve their goal blood pressure and many continue to experience increased cardiorenal morbidity and mortality risk. Abnormal aldosterone production is considered a key driver in uncontrolled and resistant hypertension," stated Jon Congleton, Chief Executive Officer of Mineralys. "Lorundrostat has already shown an encouraging clinical benefit and was well-tolerated in the Target-HTN Phase 2 trial, which demonstrated that the inhibition of aldosterone production led to substantial blood pressure reduction among all trial participants - and particularly in the subset of individuals with obesity. We believe lorundrostat has the potential to play an important role in offering a targeted treatment approach for hypertension." The randomized, double-blind, placebo-controlled ADVANCE-HTN trial will enroll up to approximately 300 eligible adult participants who will be randomized to three arms: placebo, lorundrostat 50 mg once daily, and lorundrostat 50 mg QD and then titrated to 100 mg QD, as needed, at week four. The primary endpoint of the trial is change in systolic blood pressure versus placebo after 12 weeks of treatment, as measured by 24-hour ambulatory blood pressure monitoring. This is the first of two clinical trials under the planned pivotal program to evaluate the safety and efficacy of lorundrostat for the treatment of uHTN and rHTN. The second pivotal trial, a Phase 3 trial in a larger population of uHTN and rHTN subjects, is expected to begin enrolling in the second half of 2023, with data anticipated in mid-2025. Patients from both studies will be offered the opportunity to participate in an open label extension trial after completion of these trials. In addition, the Company plans to initiate a randomized, double-blind, placebo-controlled Phase 2 trial to evaluate the safety and efficacy of lorundrostat for the treatment of uHTN and rHTN in a chronic kidney disease population in mid-2023. Topline data from the CKD trial is expected in the first half of 2024.
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MASI | Hot Stocks08:17 EDT Politan Capital nominates two candidates for Masimo board - Politan Capital Management, a 9% shareholder of Masimo Corporation, announced that it has nominated two candidates for election to the Masimo board of directors, Michelle Brennan and Quentin Koffey, Managing Partner and Chief Investment Officer of Politan. Koffey stated in part: "As a 9% owner of Masimo, Politan is fully aligned with the success of the company and its ability to generate long-term value. We believe independent oversight is needed on the Board in order to fix the lack of confidence in Masimo's governance that has led to a persistent valuation discount of over $4 billion. This is why Politan has nominated two ideally qualified director candidates for election at the 2023 Annual Meeting who are committed to representing the interests of all shareholders. Over the past eight months, we have attempted to engage constructively with Masimo's Board - but they have refused to even meet with us... By electing us, shareholders will be adding to the Board independent, objective directors with the right skills and experience to help the company maximize its potential for all its stakeholders."
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LVRO | Hot Stocks08:16 EDT Lavoro announces Julian Garrido Del Val Neto appointed as CFO - Lavoro announced that Julian Garrido Del Val Neto has joined the Company as chief financial officer, CFO, effective today, May 2, 2023. Concurrent with Garrido's appointment, Laurence Beltrao Gomes steps down as chief financial officer to pursue other opportunities. Garrido has over 30 years of executive leadership experience in multinational and publicly traded companies. He most recently served as Chief Financial Officer and Head of Investor Relations at Alpargatas S.A., a large Brazilian manufacturing company.
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UBER | Hot Stocks08:15 EDT Uber says 'more confident than ever' in company's prospects - Says managing cost structure "dynamically." Expects head count "flat to down" for balance of the year. Says does not expect business to slow down materially, but will adjust if that occurs. Says looking "full stack" at AI. Says looking at AI for developer productivity. Expects AI to "return significantly" for the company going forward. Says innovating, adding lots of new options for riders. Comments taken from Q1 earnings conference call.
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SNCE | Hot Stocks08:13 EDT Science 37 joins partnership in support of White House CancerX, Cancer Moonshot - Science 37 announced its partnership with the Digital Medicine Society, DiMe, in support of the CancerX inaugural project. Answering the call of the White House, Science 37 will join DiMe and Moffitt Cancer Center as part of CancerX, a new public-private partnership effort to rapidly accelerate the pace of cancer innovation in the U.S., alongside the Office for the National Coordinator for Health Information Technology, ONC, and Office of the Assistant Secretary for Health, OASH. CancerX was recently announced by U.S. President Joe Biden and Dr. Jill Biden as part of the reignited national Cancer Moonshot initiative. Through this partnership, Science 37 will work with the CancerX project team and participating clinical trial sponsors on the inaugural project, "Advancing Digital Innovation to Improve Equity and Reduce Financial Toxicity in Cancer Care and Research." This project will further advance remote conduct in oncology trials, including precision medicine, early cancer detection, and long-term follow-up for cell and gene therapy. "Science 37's virtual site, the Metasite, is already leading the way to enable access and equity in clinical trials," said Dr. Shaalan Beg, VP of Oncology at Science 37. "From breast cancer studies requiring at-home administration of anticancer treatment every three weeks that significantly reduced patient burden, to early detection cancer studies where we've enrolled more than 24% minority representation with 25,000+ medical records collected; the pace of progress in oncology research that our Metasite enables is unparalleled. Our team brings unique expertise in implementing virtual research tools by engaging patients and oncology practices. We are delighted to support the White House CancerX and Cancer Moonshot initiative to further enable equity in oncology research."
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PZZA | Hot Stocks08:13 EDT Papa John's appoints Mark Shambura CMO, effective May 8 - Papa John's International announced the appointment of Mark Shambura to Chief Marketing Officer, effective May 8. Mr. Shambura is a brand marketing leader with deep expertise in growing multi-unit restaurant brands. He will oversee brand and advertising; media and field activation; menu strategy and product innovation; and the digital customer experience, including Papa Johns owned channels, loyalty program and aggregator partnerships.
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CVU | Hot Stocks08:12 EDT CPI Aerostructures receives $7.1M purchase orders from U.S. Air Force - CPI Aerostructures announced that it has been awarded multiple purchase orders totaling $7.1M under a previously announced contract from the U. S. Air Force valued at up to $65.7M to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program and the Talon Repair Inspection and Maintenance, TRIM, program. The new purchase order brings the total funded value of the contract to $38.7 million and extends the currently funded period of performance into 2027. The Northrop T-38 has been the principal supersonic jet trainer used by the U.S. Air Force for more than 50 years. PCIII and TRIM are expected to give the aircraft a structural makeover that will provide the strength and longevity by increasing the structural service life of the aircraft beyond 2030.
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AEM | Hot Stocks08:11 EDT Agnico Eagle renews normal course issuer bid - Agnico Eagle Mines has received approval from the Toronto Stock Exchange of Agnico Eagle's notice of intention to renew its normal course issuer bid. Under the NCIB, Agnico Eagle may purchase for cancellation, on the open market at its discretion, during the period commencing on May 4, 2023 and ending on the earlier of May 3, 2024 and the completion of purchases under the NCIB, up to the lesser of: 24,718,919 common shares of Agnico Eagle, which is 5% of the issued and outstanding Common Shares; and that number of Common Shares that can be purchased by Agnico Eagle under the NCIB for an aggregate purchase price, excluding commissions, of not more than $500M, subject to the normal terms and limitations of such bids. Based on the closing share price of $56.59 on April 27, 2023, 8,835,483 Common Shares would be purchasable under the NCIB, representing approximately 1.79% of the issued and outstanding Common Shares as of April 27, 2023. As of April 27, 2023, Agnico Eagle had 494,378,388 issued and outstanding Common Shares. The NCIB will be funded using Agnico Eagle's existing cash resources, and any Common Shares repurchased by Agnico Eagle under the NCIB will be cancelled. Agnico Eagle has established an automatic share purchase plan in connection with its NCIB to facilitate the purchase of Common Shares during times when Agnico Eagle would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions or self-imposed black-out periods.
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QSI | Hot Stocks08:09 EDT Quantum-Si appoints Jeff Keyes as new CFO - Quantum-Si announced the appointment of Jeff Keyes as its new Chief Financial Officer, effective May 15. Keyes brings more than 25 years of experience in senior financial positions providing transformational leadership for emerging and evolving public and private companies
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COMS | Hot Stocks08:09 EDT COMSovereign Holding signs new reseller agreement with CLAdirect - COMSovereign Holding has added CLAdirect, a wireless connectivity and solutions provider serving public and private network operators throughout Latin America, as a new business partner. Founded in 1997, CLAdirect currently serves an array of government and commercial customers throughout Latin America and the Caribbean with innovative solutions for business and advanced infrastructures leveraging cutting-edge technologies. COMSovereign and CLAdirect have worked together previously providing wireless connectivity solutions to several large network operators, especially in Mexico, where the company's DragonWave and Fastback Networks radios have received governmental certification.
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IPGP | Hot Stocks08:08 EDT IPG Photonics authorizes $200M stock purchase program - After completing in the quarter the $300 million share repurchase program announced in August 2022, the Board of Directors authorized a new program to purchase up to $200 million of IPG common stock. Share repurchases may be made periodically in open-market or other transactions, and are subject to market conditions, legal requirements and other factors. The share repurchase program authorization does not obligate the Company to repurchase any dollar amount or number of its shares, and repurchases may be commenced or suspended from time to time without prior notice. Since the beginning of 2022, IPG has repurchased over $600 million of its common stock.
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PPG | Hot Stocks08:04 EDT PPG appoints Christine Camsuzou as chief procurement officer - PPG announced that Christine Camsuzou, currently interim chief procurement officer, or CPO, has been appointed vice president, procurement and CPO, effective immediately. Reporting to Ram Vadlamannati, senior vice president, operations, Camsuzou will be responsible for leading PPG's global procurement team, processes and strategy.
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FLWS | Hot Stocks08:03 EDT 1-800-Flowers.com acquires SmartGift - 1-800-Flowers.com has acquired SmartGift, an intelligent gifting platform which aims to enable brands and corporations to engage consumers, employees, and prospects by providing a premium digital gifting experience in a unified platform. It allows users to send, track, and manage gifts and recognition campaigns for employees and clients quickly and efficiently. SmartGift will provide 1-800-Flowers.com a customized gifting solution for all kinds of gifting experiences including retail, entertainment, corporate, and more through its engagement and rewards platform and features.
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NRBO | Hot Stocks08:02 EDT NeuroBo Pharmaceuticals: FDA clears IND for Phase 2a trial of DA-1241 - NeuroBo Pharmaceuticals announced that the U.S. FDA has cleared its Investigational New Drug application for DA-1241, a novel G-Protein-Coupled Receptor 119 agonist. The company plans to initiate a two-part, Phase 2a clinical trial of DA-1241, for the treatment of nonalcoholic steatohepatitis, in the third quarter of 2023.
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CIAN | Hot Stocks08:02 EDT Cian to acquire SmartDeal, terms undisclosed - Cian announced that it entered into a new agreement for the acquisition of SmartDeal. A subsidiary of the Group, iRealtor, entered into a new binding preliminary agreement for acquisition of 100% in SmartDeal, a company which provides e-registration and adjacent services for various types of property deals. Completion of the acquisition is subject to customary closing conditions and, among other things, regulatory clearance by the Government Commission of the Ministry of Finance of the Russian Federation. As the necessary government approvals under the previous preliminary agreement were not granted within the timeframe stipulated in that agreement, iRealtor and Praktika Uspekha agreed on and signed a new agreement. SmartDeal was founded in 2017. Cian and SmartDeal have established a partnership in the beginning of 2021 while developing the online transaction service Cian.Transaction launched in October 2021. The acquisition of SmartDeal is expected to contribute to the development of the Cian's end-to-end platform and boost our value proposition for both B2B and B2C clients, allowing Cian to further strengthen its online transaction products as well as enhancing our B2B products offerings for realtors, developers and banks.
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NKLA | Hot Stocks07:58 EDT Nikola and Voltera partner for hydrogen station infrastructure - Nikola and Voltera, a provider of critical infrastructure necessary to support the full decarbonization of transportation, announced a definitive agreement to develop the hydrogen fueling infrastructure required to support Nikola's deployment of its zero-emissions vehicles. Through this strategic partnership agreement, Nikola and Voltera plan to develop up to 50 HYLA stations throughout North America over the next five years. This partnership underpins Nikola's prior announced plans to develop 60 stations by 2026. Through this partnership, Nikola and Voltera will create the largest North American open-network of commercial hydrogen refueling stations, providing fuel to vehicles from various manufacturers to accelerate the adoption of zero-emission vehicles. Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise.
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FMNB | Hot Stocks07:56 EDT Farmers National Banc director buys $177K in common stock - In a regulatory filing, Farmers National Banc disclosed that its director Gregory Bestic bought 15K share of common stock on May 1st in a total transaction size of $177K. Shares are up 2% in pre-market trading.
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TNYA | Hot Stocks07:53 EDT Tenaya Therapeutics receives FDA fast track designation for TN-201 - Tenaya Therapeutics announced that the U.S. Food and Drug Administration has granted Fast Track designation for its gene therapy product candidate, TN-201, being developed for the treatment of Myosin Binding Protein C3-associated hypertrophic cardiomyopathy. TN-201 is Tenaya's potential first-in-class adeno-associated virus-based investigational gene therapy for the treatment of HCM caused by mutations in the MYBPC3 gene, the most common genetic cause of HCM. TN-201 is designed to deliver a fully functional MYBPC3 gene to restore normal levels of myosin-binding protein, which regulates the contraction and relaxation of the heart muscle. In preclinical studies of MYBPC3 knock-out models, TN-201 has been shown to halt disease progression and demonstrated significant and durable disease reversal and survival benefit after a single dose. In January 2023, Tenaya announced that the FDA cleared its Investigational New Drug application for TN-201. Tenaya is initiating the MyPeak-1 Phase 1b clinical trial to assess the safety, tolerability and clinical efficacy of a one-time intravenous infusion of TN-201. The multi-center, open-label study will enroll adults diagnosed with MYBPC3-associated nonobstructive HCM. Tenaya anticipates the first patient will be dosed in this clinical trial during the third quarter of 2023. Tenaya is also conducting two non-interventional studies to support the development of TN-201: a study evaluating seroprevalence to AAV9 antibodies among adults with MYBPC3-associated HCM, and MyClimb, a natural history study of pediatric patients with MYBPC3-associated HCM.
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BP | Hot Stocks07:51 EDT BP down 5% in pre-market after Q1 earnings, FY23 capex outlook update - Shares of BP are down 5% or $2.02 at $37.99 per share in pre-market trading after the company reported a Q1 earnings and forecast FY23 CapEx at lower end of its targeted $14B-18B range.
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BDRBF | Hot Stocks07:48 EDT Bombardier announces environmental product declarations for Global 5500, 6500 - Bombardier announced that it has completed a thorough analysis of the Global 5500 and Global 6500 in order to publish Environmental Product Declarations for two of its large aircraft. They join the Global 7500 aircraft and the Challenger 3500 aircraft as business aviation's only EPD-designated jets. "The publication of the Global 5500 and Global 6500 aircraft EPDs are the results of years of scientific effort," said Michel Ouellette, Executive Vice President, Engineering and Product Development, Bombardier. "These declarations are more than brochures: they are tools for the aviation industry to drive sustainable innovations across its activities spectrum. They are also the outcome of the thoroughness, mindfulness and ingenuity of a uniquely skilled internal team of experts. As a company, we are immeasurably proud that the reputation of our products and exciting opportunities attract the best minds in the world."
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IXHL | Hot Stocks07:46 EDT Incannex announces final results from Phase 1 trial assessing IHL-675A - Incannex Healthcare announces that it has received final results from the Phase 1 clinical trial undertaken to assess pharmacokinetics and safety of the anti-inflammatory drug IHL-675A. The Phase 1 trial measured the safety, tolerability, and pharmacokinetic profiles of IHL-675A compared to the reference listed drugs, Epidiolex and Plaquenil. IHL-675A was well tolerated, with no adverse events of concern and no serious adverse events reported. The same number of treatment related treatment emergent adverse events were reported for IHL-675A as for Epidiolex. IHL-675A is well tolerated in healthy volunteers. Adverse events for IHL-675A were consistent with what was observed, and has been publicly reported, for Epidiolex and Plaquenil. The safety and pharmacokinetic data from this Phase 1 clinical trial in healthy volunteers adds to the company's confidence in proceeding with assessment of IHL-675A in patients with inflammatory diseases. As HCQ is already approved for treatment of rheumatoid arthritis, it is the first indication for which IHL-675A will be assessed in a Phase 2 clinical trial. The primary endpoint for the study is pain and function relative to baseline determined via the score on the RAPID3 assessment at 24 weeks. The trial will be conducted in Australia and will update the ASX and Nasdaq once approval to conduct the trial is received from a human research ethics committee. Trial designs for Phase 2 studies in patients with inflammatory bowel disease and lung inflammation are also being developed. The treatment of these three indications has a combined global annual market size of exceeding US$125B per annum. In addition, Incannex has filed a request for pre-IND meeting on the development of IHL-675A for treatment of arthritis with the FDA. Following the pre-IND meeting, the Company intends to open an IND in parallel with the Australian Phase 2 study, allowing for the conduct of trials in the US if the Australian study continues to support the therapeutic potential of IHL-675A in patients with arthritis.
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ARWYF | Hot Stocks07:45 EDT ARway.ai announces Magic Leap AR Glasses integration - ARway has begun integration development and expects to complete the integration in the next 60-days for one of the most widely used AR Glasses; Magic Leap Glasses. Magic Leap Glasses are an immersive enterprise AR device that combine the virtual and real worlds to create a unique and immersive user experience. These glasses use advanced technologies like eye-tracking, spatial sound, and 6DoF to enable users to interact with digital content in the real world. With the integration, the expansion of ARway's product offerings provide customers with greater device compatibility beyond mobile phones, which will increase use cases and application of technology. As Magic Leap hardware is improving at a rapid pace, they are now able to support large-scale experiences with improved environmental understanding which is a great fit for the capabilities of the ARway platform and opens up the platform for the existing and growing installed base of companies in the magic leap ecosystem.
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QIPT | Hot Stocks07:42 EDT Quipt Home Medical receives conditional approval to graduate to TSX - Quipt Home Medical announces that it has received conditional approval from the Toronto Stock Exchange, TSX, to graduate its listing from the TSX Venture Exchange to the TSX. "Graduating to the Toronto Stock Exchange is a significant accomplishment, and I want to thank all our team members and shareholders for their ongoing support. Our ability to up-list demonstrates the evolution of our organization through the years and the ongoing momentum across the business in real time as we strive to become a national leader in respiratory care throughout the United States," said Greg Crawford, Chairman and CEO of Quipt. "This up-listing is an important step towards improving liquidity and increasing our investor audience in North America and abroad. Given the continued financial and operational success, this up-listing, and our effort to inform investors of our robust growth, have us extremely optimistic about the future."
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LASE | Hot Stocks07:41 EDT Laser Photonics sells third system to Galiardi Laser Clean - Laser Photonics announced the sale of a third system to Galiardi Laser Clean based in Missouri.
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INBS | Hot Stocks07:40 EDT Intelligent Bio recruits four sales executives for sales force in Australia - Intelligent Bio Solutions announced the recruitment of four highly experienced sales executives from across the workplace safety and supply, manufacturing, and the drugs and alcohol testing industries for its new sales force in Australia. These skilled professionals will support the Company's efforts to scale access to its Intelligent Fingerprinting Drug Screening System throughout the Asia-Pacific region. In addition, INBS has secured a new distribution hub and office facility to manage sales and operations, significantly expanding its ability to service customers throughout the region. Harry Simeonidis, President and CEO of Intelligent Bio Solutions, commented, "Given the alarming statistics concerning substance abuse, employers and Human Resources teams need to prioritize workplace safety and keep it at the forefront of their minds. This next phase of our growth strategy is about expanding the reach of our revolutionary drug screening system and helping organizations throughout the Asia-Pacific region reduce risk, prevent workplace accidents and improve employee performance."
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OCTO | Hot Stocks07:40 EDT Eightco Holdings begins non-deal roadshow - Eightco Holdings announced the kick-off of its non-deal roadshow for institutional investors in the United States. As previously disseminated on April 10th, 2023, the event will be hosted by a large institutional investment firm and provide attendees with a comprehensive understanding of the company's business model as it is expected to apply to existing and future shareholders. The NDRs will begin today, May 2, 2023. Over the course of the roadshow, Eightco Holdings Inc. will focus on its wholly-owned subsidiary, Forever 8, including its underlying disruptive suite of inventory management solutions. Eightco Holdings Inc. will also highlight and review its roadmap towards synergistic partnerships and planned path to profitability.
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ERNA | Hot Stocks07:38 EDT Eterna acquires allogeneic immuno-oncology platform from Exacis Biotherapeutics - Eterna Therapeutics announced the acquisition of the global immuno-oncology platform of Exacis Biotherapeutics. The acquisition complements Eterna's core business with a pipeline of allogeneic immuno-oncology products under development for the treatment of hematologic and solid tumors and provides Eterna with an exclusive global license to produce an unlimited number of mRNA-engineered natural killer and T-cell therapies derived from induced pluripotent stem cells. "We are excited to bring this powerful platform into Eterna. With Exacis' pipeline of engineered iPSC-derived cell therapy candidates, we believe Eterna is well-positioned to develop more effective, targeted and highly differentiated medicines to treat cancer," said Matt Angel, Ph.D., Chief Executive Officer and President of Eterna. "We believe that combining the Exacis and Eterna technologies de-risks our approach and supports a capital-efficient path to develop highly competitive cancer therapeutics." Gregory Fiore, M.D., President and CEO of Exacis, will chair a newly added committee on Eterna's Board focusing on business development, and Eterna's team will be joined by Exacis' Chief Business Officer, Dimitrios Goundis, Ph.D., who will advise the Company on business development matters. The terms of the acquisition include an upfront payment in shares of Eterna common stock, as well as milestone and other potential payments totaling up to $49.0 million.
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HRMY | Hot Stocks07:34 EDT Harmony Biosciences announces upcoming, data - Continued strong momentum in the Phase 3 registrational trial in adult patients with IH, with topline data anticipated in the fourth quarter of 2023. End-of-Phase 2 meeting with the U.S. Food and Drug Administration scheduled for late second quarter of 2023 to discuss the Prader-Willi Syndrome Phase 2 proof-of-concept study results and a proposed Phase 3 trial in patients with PWS. Enrollment continues in our Myotonic Dystrophy study. Anticipates topline data from this Phase 2 proof-of-concept trial in the fourth quarter of 2023.
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APYX | Hot Stocks07:34 EDT Apyx Medical's Renuvion cleared by FDA for use after liposuction - Apyx Medical has received 510(k) clearance from the FDA for the use of its Renuvion APR Handpiece in procedures for coagulation of soft tissues following liposuction. Already cleared by the FDA for the treatment of neck laxity, facial renewal procedures, and the contraction of soft tissue, Renuvion's latest 510(k) clearance allows physicians to set a new standard for liposuction results.
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OBNNF GFI | Hot Stocks07:29 EDT Osisko Mining, Gold Field announce 50/50 joint venture of Windfall Gold Project - Osisko Mining (OBNNF) announces it has concluded a 50/50 joint venture agreement with a subsidiary of Gold Fields (GFI) for the joint ownership and development of Osisko's Windfall gold project, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Transaction Highlights: Gold Fields initial cash payment to Osisko of C$300M on signing. Gold Fields additional cash payment to Osisko of C$300 million on issuance of the applicable permits authorizing the construction, operation and mining of the Windfall Project. Gold Fields to sole fund expenditures for regional exploration up to a maximum of C$75 million, after which regional exploration programs would be proportionately funded by each of Osisko and Gold Fields. In addition to the initial cash payment and the Deferred cash payment, Gold Fields to make two additional separate C$17 million cash payments to Osisko. These represent reimbursement of items already incurred by Osisko as part of pre-construction spend. Gold Fields and Osisko share all pre-construction costs and construction costs on a 50/50 basis going forward. Governance arrangements with equal representation in the Partnership from Osisko and Gold Fields, to leverage each party's skillsets. Osisko's Chairman and Chief Executive Officer, John Burzynski, stated: "We are very pleased to partner with Gold Fields on the Windfall project and our exploration property portfolio. Today is the start of what we believe will prove to be a long and fruitful partnership with Gold Fields at Windfall, and in what we both believe is a significant emerging gold district in Quebec. This partnership further strengthens our strong balance sheet, allows us to significantly de-risk Windfall and brings us a very important step closer to realizing our objective of becoming a leading Canadian gold producer. With the proceeds from this Transaction, Osisko is fully-funded for our share of development capital to bring Windfall into production. Osisko shareholders retain considerable upside in the project while also benefiting from the mine building, operating and technical expertise of Gold Fields. Assuming the project is ultimately permitted and approved by the partners consistent with the Windfall Feasibility Study, Gold Fields' acquisition cost, exploration commitment, and contribution to pre-construction and project capital would ultimately represent an investment of C$1.2 billion to acquire its interest, bring Windfall into production and further unlock the regional exploration upside. This Transaction is highly compelling on many fronts and represents the best path forward to maximize value for all stakeholders."
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QURE | Hot Stocks07:28 EDT uniQure announces inducement grants under Nasdaq listing rule - uniQure announced that the Company granted equity awards to 38 employees as a material inducement to commencing their employment. The equity awards were approved by the Company's board of directors on April 24, 2023 in accordance with Nasdaq Listing Rule 5635(c)(4). In the aggregate, the employees received 64,400 restricted share units and options to purchase 36,500 ordinary shares of the Company. Each option has an exercise price of $19.72 per share, the closing price per ordinary share as reported by Nasdaq on April 24, 2023. Each option has a ten-year term and will vest over four years, with 25% of the original number of shares vesting on the first anniversary of the Grant Date and an additional 6.25% of the shares vesting in approximately equal quarterly installments over the twelve successive quarters thereafter. The RSUs will vest over three years, with one-third of the RSUs vesting annually on each successive anniversary of the Grant Date. The vesting of each option and RSU is subject to the employee's continued service with the Company through the applicable vesting dates.
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WT | Hot Stocks07:28 EDT WisdomTree issued a letter to its stockholders for nominee support - WisdomTree issued a letter to its stockholders regarding WisdomTree's 2023 Annual Meeting of Stockholders , which is scheduled to be held on June 16. At the 2023 Annual Meeting, WisdomTree stockholders will have the opportunity to protect their investment in the Company by choosing to elect the following six highly qualified nominees to the Company's Board: Lynn S. Blake, Daniela Mielke, Shamla Naidoo, Win Neuger, Frank Salerno and Jonathan Steinberg. Each of these nominees possesses significant and extensive experience relevant to WisdomTree's business strategy, including global financial, accounting, compliance, technology and digital expertise, and many years in senior leadership positions in the investment management and financial services industries. WisdomTree urges its stockholders to vote for all six of WisdomTree's nominees on the WHITE proxy card TODAY. A dissident stockholder, ETFS Capital Limited is seeking to elect three representatives to the WisdomTree Board, including the chairman of ETFS Capital, Graham Tuckwell, who has been pursuing a multi-year crusade against WisdomTree driven purely by his personal agenda and ego, rather than by any consideration of what is best for the Company and its stockholders.
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REGN | Hot Stocks07:27 EDT Regeneron to highlight new, updates data at ASCO - Regeneron Pharmaceuticals announced the presentation of new and updated data from its diverse oncology and hematology pipeline at the 2023 American Society of Clinical Oncology, ASCO, Annual Meeting, taking place from June 2-6 in Chicago, IL. Data presentations from 10 abstracts will include insights on four approved or investigational treatment regimens, showcasing the expanding potential of Regeneron's portfolio and commitment to harnessing combination approaches to address the unmet need of patients with difficult-to-treat cancers. The new and updated data for linvoseltamab as well as fianlimab in combination with Libtayo will be featured in two oral presentations at ASCO. The linvoseltamab presentation will include more mature data from the pivotal Phase 2 trial in heavily pre-treated patients with relapsed/refractory multiple myeloma. The presentations on fianlimab in combination with Libtayo will provide safety and efficacy data from three independent confirmatory cohorts of advanced melanoma patients, along with a subgroup analysis including advanced melanoma patients who had received prior PD-1 adjuvant treatment and high-risk melanoma patient populations. Additional ASCO presentations will share updated clinical results for Libtayo as monotherapy for advanced stages of cutaneous squamous cell carcinoma and non-small cell lung cancer, and in advanced HPV16-positive oropharyngeal cancer.
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SPRC | Hot Stocks07:27 EDT SciSparc completes treatment of last patient enrolled in Phase IIa trial - SciSparc announced that the last patient enrolled in the Company's Phase IIa trial of SCI-110 in patients with Alzheimer's Disease and agitation, completed its treatment. The Company is expecting to receive the final trial results in the upcoming weeks. On November 7, 2022, the Company announced positive interim results from the open label trial, which includes 20 patients diagnosed with AD and agitation, to evaluate the safety, tolerability and efficacy trends of twice daily oral administration of SCI-110. The interim results summarize the data from the first eight patients who completed the trial as per protocol. At the interim analysis, the trial met its primary endpoints of safety, including non-treatment related adverse events and drop out patients from the trial; specifically, SCI-110 did not cause delirium, oversedation, hypotension or falls even in the highest dose tested. In addition, the interim analysis showed that the trial also met its secondary endpoint of change from baseline to end of treatment in agitation measured by the Cohen Mansfield Agitation Inventory; out of the eight patients, six showed amelioration in agitation with no need to use rescue medication to control agitation. CMAI is a standard measure for measuring agitation in people with dementia. Additionally, the interim analysis showed in the exploratory endpoints that appetite was increased in six out of the eight patients, as measured by the Edinburgh Feeding Evaluation in Dementia Scale. No effect was observed on cognitive measurements and sleep quality, as measured by the Mini Mental State Exam, and by the Alzheimer's Disease Assessment Scale-cognitive subscale and the Pittsburgh Sleep Quality Index. In general, the trial medication was well tolerated with no negative response to the treatment observed during the duration of the trial. The trial, titled "Phase II-a Open Label Trial to Evaluate the Safety, Tolerability and Efficacy Trend of SCI-110 in Patients with Alzheimer's Disease and Agitation" is being conducted at The Israeli Medical Center for Alzheimer's under the leadership of Dr. Alexander Kaplan, MD, principal investigator and board-certified geriatrician.
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PSTV | Hot Stocks07:26 EDT Plus Therapeutics expands collaboration with Piramal Pharma Solutions - Plus Therapeutics announced an expansion of its collaboration with Piramal Pharma Solutions, PPS, to produce additional cGMP liposome intermediate drug product to meet the increase in demand for its lead investigational targeted radiotherapeutic, rhenium obisbemeda, for ongoing and planned clinical trials. The new supply agreement builds on the Master Services Agreement which the Company and PPS entered into in 2021 for the development, manufacture and supply of rhenium obisbemeda. "We significantly grew our clinical trial programs for central nervous system cancers in 2022 and we expect to continue this momentum into 2023," said Marc Hedrick, M.D., President and Chief Executive Officer of Plus Therapeutics. "Our strategic partnership with PPS will support our robust supply chain and manufacturing processes to keep ahead of our planned clinical development expansion and lay the groundwork for commercialization in the future."
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IMTX | Hot Stocks07:25 EDT Immatics reports interim clinical data from ongoing Phase 1b Cohort A - Immatics announced an interim clinical data update for 11 patients with recurrent and/or refractory solid cancers treated with ACTengine IMA203 TCR-T monotherapy in the ongoing Phase 1b dose expansion Cohort A. IMA203 TCR-T cells are directed against an HLA-A*02-presented peptide derived from PRAME, a broadly expressed solid cancer target with clinical proof-of-concept for IMA203 demonstrated by Immatics in 2022. Overall, IMA203 showed a high rate of deep and durable objective responses, with a confirmed objective response rate of 67%, across multiple tumor types, including two confirmed partial responses, cPR, ongoing at more than 9 months after treatment and three additional partial responses ongoing at data cut-off. IMA203 monotherapy continues to be well tolerated in heavily pre-treated patients at doses of up to approximately 9 billion CD8+ TCR-T cells. No high-grade cytokine release syndrome, CRS, and no immune effector cell associated neurotoxicity syndrome, ICANS, were observed in Cohort A at data cut-off. Safety data for IMA203 TCR-T monotherapy in Phase 1b Cohort A: Treatment with IMA203 monotherapy continues to show manageable tolerability at doses as high as ~9x109 TCR-T cells. At data cut-off on April 4, 2023, 11 PRAME-positive patients were infused with IMA203 TCR-T cells at dose level 4 or DL5 with a mean total infused dose of 3.67x109 TCR-T cells. Based on data review of 6 patients in the exploratory highest DL5, this DL was cleared by the DSMB for safety, and the updated provisional recommended Phase 2 dose now includes DL4 and DL5. The final RP2D will be defined prior to starting Phase 2. Most frequent treatment-emergent adverse events were as expected for cell therapies. All 11 patients experienced expected cytopenia associated with lymphodepletion. 10 patients had a low to moderate cytokine release syndrome, of which 5 patients had Grade 1, and 5 patients had Grade 2 CRS. No high-grade CRS and no immune effector cell associated neurotoxicity syndrome were observed in any of these 11 patients. No dose-dependent increase of CRS was observed across Phase 1a and Phase 1b Cohort A. At data cut-off on April 4, 2023, 11 patients were infused with IMA203 TCR-T cells and evaluable for at least one tumor response assessment post treatment. Objective responses were observed in last-line solid cancer patients including cutaneous melanoma, ovarian cancer, uveal melanoma, head and neck cancer, synovial sarcoma. Initial objective response rate of 64% was observed at ~week 6. Confirmed ORR of 67% was observed at ~month 3; initial responses at week 6 were confirmed for all 6 responders with available subsequent 3-month scan. Median duration of response was not reached at a median follow-up3 of 8.5 months. Immatics believes, the results presented today further validate PRAME as one of the most promising solid tumor targets for TCR-based therapies. Immatics' IMA203 development strategy is based on two pillars aimed initially at a fast-to-market approach and, later at a broad development. As a second step, Immatics plans to also expand development to other cancer types, such as uterine cancer, lung cancer, breast cancer, head and neck cancer and other tumor types having a broad patient reach. An update on all three IMA203 Phase 1b Cohorts and clinical development path for PRAME TCR-T monotherapy towards registration-directed trials and potential commercialization is planned for 4Q 2023.
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HEXO TLRY | Hot Stocks07:24 EDT ROSE LifeScience adds Hexo Quebec potrfolio for commercialization, distributionTilray - ROSE LifeScience announced that it will add HEXO's (HEXO) Quebec portfolio to ROSE's industry leading commercialization and distribution services business. Headquartered in Gatineau, Quebec, HEXO delivers premium cannabis experiences that inspire customer loyalty, from recreational to therapeutic products. HEXO's products balance THC with CBD, terpene levels and flavonoids, to create high-quality, clean, consistent customer favourites. HEXO's state-of-the-art facilities in Masson-Angers, Quebec are purpose-built and engineered to provide exceptional capacity and streamlined operations, developing innovative products to serve the cannabis market in Quebec, across Canada and globally. ROSE's commercialization and distribution expertise will help to position HEXO's Quebec portfolio for further expansion in the province, complementing ROSE's relationship with Tilray Brands, (TLRY), a long-standing ROSE commercialization and distribution partner.
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CMPS | Hot Stocks07:20 EDT Compass, MAPS PBC announce AMA has approved code for psychedelic therapies - COMPASS Pathways and MAPS Public Benefit Corporation, MAPS PBC, announced that the American Medical Association, AMA, has approved a Current Procedural Terminology, CPT, III code for psychedelic therapies. The full details of the code are expected to be released by the AMA in July 2023 and the code will go into effect when it is published on January 1, 2024. Once effective, the CPT code will provide physicians and other qualified healthcare professionals a means to code and seek reimbursement for delivering psychedelic therapies. The application for the new CPT III code was the result of a collaboration between MAPS PBC and COMPASS Pathways to facilitate reimbursement and ultimately access to psychedelic therapies in the US, if approved by the US Food Drug Administration, FDA. Both companies are working to develop and, subject to FDA approval, commercialize psychedelics as part of a new treatment paradigm for individuals with mental health conditions. COMPASS Pathways is conducting a phase 3 program of investigational COMP360 psilocybin therapy in treatment-resistant depression, TRD, having already published positive results in the New England Journal of Medicine from its phase 2b study of COMP360 in TRD, in the largest study of its kind. MAPS PBC has completed two phase 3 clinical trials evaluating MDMA-assisted therapy as a potential treatment for post-traumatic stress disorder, both of which met their pre-specified primary and secondary endpoints. This new code may provide a mechanism by which these new treatments being developed by COMPASS and MAPS PBC could be reimbursed if they are approved by the FDA. "This is a major step forward to enabling broad and equitable access to psychedelic therapies," said Kabir Nath, CEO, COMPASS Pathways. "This collaboration with MAPS PBC to develop a new CPT code aims to ensure that psychedelic therapies, if approved, could be integrated into healthcare systems, reimbursed by payers, and made available to the people who need them."
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EVGN | Hot Stocks07:20 EDT Evogene subsidiary licenses two cannabis varieties to Plantis in Israel - Evogene's wholly owned subsidiary Canonic, focused on the development of medical grade cannabis products, together with Plantis Agro, a cultivator of Cannabis based in the north of Israel, announced a license agreement whereby Canonic will license two of its proprietary cannabis varieties to Plantis for cultivation, marketing, and sales in the Israeli market. Plantis will be responsible for the growing, marketing and sales of the medical cannabis products generated from the two cannabis varieties, and all expenses related to those activities, and Canonic will be entitled to royalties from revenues generated from these product sales. The two new varieties were developed by Canonic. The new medical cannabis products made from these two varieties aim to expand Plantis' product offering and cater to a broader range of customers in Israel.
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PFE | Hot Stocks07:20 EDT Pfizer CEO sees 'robust operational growth through 2025 and beyond' - Dr. Albert Bourla, Chairman and CEO, stated: "This is an exciting time for Pfizer as we are already executing on and rigorously planning for an unprecedented number of anticipated new product and indication launches, most of which are expected to occur in the second half of 2023. We have made excellent progress toward this goal already this year with the U.S. approvals for Zavzpret, Cibinqo for adolescents and Prevnar 20 in pediatric patients, and regulatory filing acceptances for a Braftovi + Mektovi sNDA, sNDA for the Talzenna and Xtandi combination, elranatamab BLA and our RSV maternal vaccine candidate - which, if approved, would be the first vaccine for administration to pregnant individuals to help protect against the complications of RSV disease in infants from birth up to six months of age. During the first quarter, we announced plans to advance the battle against cancer with a definitive agreement to acquire Seagen, a global biotechnology company that discovers, develops and commercializes transformative oncology medicines. By combining Seagen's category-leading antibody-drug conjugate technology with Pfizer's scale, expertise and capabilities, we believe we can accelerate breakthroughs in cancer medicines and introduce new solutions to patients around the world. Oncology remains a core therapeutic area for Pfizer, and we believe the proposed acquisition will enhance our position in this important space. We believe the strength of our in-line products and expected near-term launches and revenue contribution from business development activities, including the proposed acquisition of Seagen, will position Pfizer to deliver robust operational growth through 2025 and beyond."
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INCY | Hot Stocks07:20 EDT Incyte tightens Jakafi net product revenues view $2.55B - $2.63B - As of March 31, and December 31 , cash, cash equivalents and marketable securities totaled $3.1 billion and $3.2 billion, respectively. The decrease from December 31 is due a reduction of our accounts payable balance at March 31.
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SLSSF | Hot Stocks07:19 EDT Solaris Resources confirms discovery of second porphyry center - Solaris Resources confirms the discovery of a second and more intensely mineralized porphyry center 350m south of the original discovery at Warintza East. The new discovery holds potential for notably improved grades in further growth at the Warintza Project in southeastern Ecuador. Warintza East was discovered in July 2021, with eight holes included in the Warintza Central Mineral Resource Estimate in April 2022 and subsequent drilling significantly expanding the dimensions of the deposit - the latest drilling in SLSE-28 has confirmed the discovery of a second and more intensely mineralized porphyry center 350m south of the original discovery SLSE-28 was drilled vertically to the limit of the KD-200 rig at 309m with strong mineralization from 19m to the end of the hole characterized by chalcopyrite-pyrite-molybdenite in stockwork veins and disseminations, similar to the high grade portions of the Warintza Central deposit; Full assay results from SLSE-28 are expected within four to six weeks while follow-up hole; SLSE-29 is being drilled southeast from a recently constructed platform testing the extension of this new porphyry center up to 200m to the east in this area; This new porphyry center is located on the southern margin of Warintza East drilling and correlates with mineralization encountered in the high grade portion of prior hole SLSE-16 in this area ;MRE drilling program continues: the 2022 MRE is based on drilling to the end of 2021, with ongoing drilling aimed at expanding the 'Indicative Starter Pit' and overall mineral resources, notably from the Warintza East deposit
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PFE | Hot Stocks07:19 EDT Pfizer CFO says Q1 results 'in line with our expectations' - David Denton, CFO and Executive Vice President, stated: "Our first-quarter results were in line with our expectations, underlining our continued confidence in achieving 7% to 9% operational revenue growth for fiscal-year 2023, excluding our COVID-19 products and anticipated foreign exchange impacts. We expect the majority of this growth to occur in the second half of 2023, given the timing of our expected near-term launches. Integration planning for our proposed acquisition of Seagen is underway, and we continue to expect the transaction to close in late 2023 or early 2024, subject to the satisfaction of customary closing conditions. As we de-lever our capital structure after the close, we expect our strong balance sheet will continue to provide the flexibility for future dividend increases and share repurchase activity, as well as additional business development activity."
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ACON | Hot Stocks07:17 EDT Aclarion appoints Nicholas Theodore as Principal Investigator - Aclarion announced that Nicholas Theodore, MD, Director of Neurosurgical Spine Center at Johns Hopkins University, will serve as the Principal Investigator in a post-market, multi-site trial, that will further evaluate the role of Nociscan in the diagnosis and surgical treatment of patients suffering from chronic low back pain. Building on the success of the recently published Gornet 2YR clinical outcomes, CLARITY will expand the protocol of the Gornet study to up to 14 sites and target enrollment of approximately 300 patients. CLARITY represents a new post-market clinical trial for Aclarion. "Aclarion is excited to add this important evidence to our portfolio and honored that Dr. Theodore from Johns Hopkins has enthusiastically accepted the PI role," says Brent Ness, CEO of Aclarion. "CLARITY will add to the compelling two-year outcomes of the Gornet trial and the cost-effectiveness health economics study."As previously announced, Aclarion has been used in two National Institutes of Health trials in the US focused on improved understanding of low back pain and the effect of non-surgical treatment options.
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FSR | Hot Stocks07:17 EDT Fisker partners with Ample to launch SUVs with swappable batteries by 2024 - Fisker and Ample, a provider of energy management and module battery swapping, announced a partnership to deliver Ample-powered Fisker EVs. The initial target customer for Fisker's Ample-powered EVs will be fleet operators who are looking to transition to electric mobility without economic or operational compromises. Ample's technology makes it possible to deploy EV infrastructure so that Fisker can make its vehicles available to larger markets on a faster timetable. Fisker and Ample will share revenue related to the battery swapping mechanism. Joint development between Ample and Fisker is already underway, with the goal of providing battery swappable Fisker Ocean vehicles by Q1 2024.
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LTHCF | Hot Stocks07:16 EDT Lithium Ionic initiates 20,000m drill program at Salinas Project - Lithium Ionic reports the initiation of a planned 20,000 metre drilling program on claims within its newly acquired Salinas Project, located in the northern region of Minas Gerais State, Brazil, in the lithium-rich Aracuai Pegmatite District. The Company has engaged Brazil's largest drilling company, Geosol, to complete the program, which aims to define and expand multiple lithium-bearing spodumene-rich pegmatite veins identified with surface sampling and drilling in 2022. Two drill rigs are currently operating on the property, with an additional two expected to be mobilized in the coming weeks. Highlights: Initiation of a 20,000-metre diamond drilling program; Two drills operating, with an additional two being mobilized in the coming weeks; The drill program is designed to test, define, and expand multiple lithium-bearing spodumene-rich pegmatites identified in 2022, which returned drill intercept highlights of: 1.53% Li2O over 11.36m from 43.8m; 1.22% Li2O over 13.76m from 36.6m; 1.71% Li2O over 9.82m from 97.7m; 1.19% Li2O over 13.35m from 239.7m. Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, "While we are focused on delivering our maiden mineral resource estimates at Bandeira and Galvani in Q2 of this year, we are very excited to kick off drilling at this promising target. 2022 drilling showed strong grade and widths from well-formed, coarse-grained spodumene in pegmatites, extending directly northeast of Latin Resources' ~13Mt @ 1.2% Li2O Colina deposit. Our current drill pads are only 500 metres from Colina and the potential to expand much further to the east is evidenced by surface pegmatite showings and nearby historical artisanal workings that have been active for decades. We believe this new target will be an important addition to our growing story and likely contribute to a significant project update later this year."
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VFF HEXO | Hot Stocks07:15 EDT Village Farms announces Rose LifeScience will add HEXO's Quebec portfolio - Village Farms International (VFF) announced Rose LifeScience, a Quebec-based cannabis producer, distributor, and marketer, will add HEXO's (HEXO) Quebec portfolio to ROSE's industry leading commercialization and distribution services business. "This exclusive partnership further demonstrates ROSE's status as a trusted Quebec company serving the Quebec consumer," said Davide Zaffino, President and CEO, ROSE LifeScience Inc. "ROSE's commercialization and distribution services business has seen great success since its inception in 2019, enabling carefully selected partners to grow their presence and portfolio in Quebec. We welcome HEXO to our portfolio of partnerships."
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SUN | Hot Stocks07:14 EDT Sunoco LP raises 2023 adjusted EBITDA view to $865M-$915M from $850M-$900M - Raises 2023 maintenance capital expenditures view to $65M from $60M.
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BRLXF | Hot Stocks07:14 EDT Boralex announces commissioning of second energy storage unit in France - Boralex announced the commissioning of its second energy storage unit in France. The battery, which has a storage capacity of more than 3.3 MWh, is installed on the site of the Plouguin wind farm. Having just recently announced the commissioning of the Moulins du Lohan wind farm in the region, Boralex is delighted to be once again contributing to the advancement of renewable energy in Brittany. Boralex was selected for the project following the 2019 launch of a call for expressions of interest by the Brittany Regional Council. Endorsed and supported by local association Smart Ideas to Link Energies, the project was co-financed by the European Union through the European Regional Development Fund. The system used for the project was developed by Entech, a storage systems specialist based in Quimper. The Plouguin storage unit addresses three objectives: consolidating the stability of the French electricity grid, particularly in Brittany; supporting the deployment of high-capacity energy storage; and contributing to the integration of renewable energy into the electricity grid. The Plouguin storage unit is a valuable addition to the adjacent wind farm. It considers the disparity between production and consumption, by, for instance, storing energy and feeding it to the energy grid when it is needed, thus matching production to consumption. This commissioning is in line with Boralex's ongoing efforts to gradually roll out a battery energy storage and tap into the significant cost reductions associated with storage technology. Thanks to the Company's persistent efforts to accelerate storage sites development, its storage project portfolio now stands at over 800 MW worldwide.
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NETI | Hot Stocks07:14 EDT Eneti announces contract award for Seajacks - Eneti announced that Seajacks UK Limited, a wholly-owned subsidiary of the company, has signed a contract in NW Europe, starting in the fourth quarter of 2023, for between 90 and 145 days of employment for one of its NG2500-class vessels that will generate between approximately $5.9M-$9.5M of revenue during the fourth quarter 2023 and the first quarter of 2024.
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MAR | Hot Stocks07:13 EDT Marriott reports Q1 comparable systemwide constant dollar RevPAR up 34.3% - First quarter 2023 comparable systemwide constant dollar RevPAR increased 34.3% worldwide, 25.6% in the U.S. & Canada, and 63.1% in international markets, compared to the 2022 first quarter.
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ADMA | Hot Stocks07:12 EDT ADMA Biologics announces amendment to credit agreement - ADMA Biologics announced the Company has amended the terms of its existing senior credit facility with Hayfin Capital Management, which matures in March 2027. The amended credit agreement provides for multiple favorable changes. First, there will be a reduction of 1% in the nominal interest expense on ADMA's current note. This will result in a lowered borrowing rate of SOFR + 8.50%. Included in this base rate, and consistent with the existing terms of the Hayfin facility, the Company may elect to pay up to 2.50% of the interest in kind, with the remaining portion of the interest payable in cash. Secondly, within the first 24 months after the amendment closing date, among other provisions, there will be a newly structured 50% waiver of the prepayment fee in connection with an acquisition of the Company or other strategic transactions. Taken together, we believe these changes will reduce ADMA's cost of capital and provide for added financial flexibility over the near term and on an ongoing basis. The debt financing terms disclosed in this press release are not all inclusive and, as such, the statements in this press release are qualified in their entirety by reference to the description of the debt financing further detailed in a Securities and Exchange Commission filing on Form 8-K which will be filed concurrently with this press release.
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AME | Hot Stocks07:10 EDT Ametek acquires Bison Gear & Engineering, terms undisclosed - Ametek announced the acquisition of Bison Gear & Engineering, a manufacturer of highly engineered motion control solutions serving diverse markets and applications. Bison designs and manufactures custom motion control solutions for use in demanding and high precision applications within the automation, power, food and beverage, and transportation markets. Bison is headquartered in St. Charles, Illinois and has annual sales of approximately $80M. Bison will join Ametek as part of its Electromechanical Group, a differentiated supplier of thermal management, automation and engineered solutions.
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LGIH | Hot Stocks07:08 EDT LGI Homes sees 2023 home closings 6,300-7,100 - Subject to the caveats in the Forward-Looking Statements section of this press release, the Company is providing the following updates to its guidance for the full year 2023. The Company now expects: Home closings between 6,300 and 7,100; Active selling communities at the end of 2023 between 115 and 125; Average sales price per home closed between $345,000 and $360,000; Gross margin as a percentage of home sales revenues between 21.0% and 23.0%; Adjusted gross margin as a percentage of home sales revenues between 22.5% and 24.5% with capitalized interest accounting for substantially all the difference between gross margin and adjusted gross margin; SG&A as a percentage of home sales revenues between 12.5% and 13.5%; Effective tax rate between 23.5% and 24.5%.
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RYTM | Hot Stocks07:07 EDT Rhythm Pharmaceuticals expects cash to fund operations into 2025 - For the year ending December 31, 2023, Rhythm continues to anticipate approximately $200 million to $220 million in Non-GAAP Operating Expenses, comprised of $120 million to $130 million from R&D expenses and $80 million to $90 million from S,G&A expenses. Based on its current operating plans, Rhythm expects that its existing cash, cash equivalents and short-term investments as of March 31, 2023 will be sufficient to fund its operating expenses and capital expenditure requirements into 2025.
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USAC | Hot Stocks07:04 EDT USA Compression still sees 2023 net income $75M-$95M
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UBER | Hot Stocks06:58 EDT Uber CFO says 'poised to expand profitability again in Q2' - Nelson Chai, Uber CFO, said: "We delivered record profitability and free cash flow in Q1, and we are poised to expand profitability again in Q2. We continued to actively manage our balance sheet, exiting our equity position in Yandex.Taxi and refinancing our term loans, and remain focused on disciplined capital allocation over the coming years."
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MPC | Hot Stocks06:55 EDT Marathon Petroleum increases share repurchase authorization by $5B - Additionally, the board of directors has approved an incremental $5B share repurchase authorization. With the addition of this new authorization, the company has a total of $9B available under its share repurchase authorization. The authorization has no expiration date. MPC may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block transactions, accelerated share repurchases, tender offers or open market solicitations for shares, some of which may be effected through Rule 10b5-1 plans. The timing of repurchases will depend upon several factors, including market and business conditions, and repurchases may be discontinued at any time.
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KRA | Hot Stocks06:29 EDT Kraton submits BiaXam technology to EPA for Section 3 approval - Kraton submitted their novel BiaXam polymer technology on February 21 to the EPA for Section 3 approval as a new active ingredient. This submission follows the technology's approval as a surface coating under an Emergency Use Authorization by the EPA with Delta Airlines on April 21, 2021.
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SYNH | Hot Stocks06:23 EDT Syneos Health appoints Michael Bonello as CFO - Syneos Health appointed Michael Bonello as CFO, effective July 1. Stanford Rudnick will continue to serve as Interim CFO until that time. Bonello most recently served as Chief Financial Officer of Clario, a clinical trial data collection company, since 2021. From 2008 to 2021, Bonello held roles of increasing responsibility at Nasdaq-listed PRA Health Sciences, including Executive Vice President and Chief Financial Officer from 2018 through the company's sale to ICON plc, and previously as Senior Vice President, Accounting and Corporate Controller from 2008 to 2018. Earlier in his career, he held financial leadership roles at Cree, Inc. and Genworth Financial, and was a senior manager in the audit practice at PricewaterhouseCoopers LLP.
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MDC | Hot Stocks06:19 EDT M.D.C. Holdings sees Q2 home deliveries 1,600-1,700 - Sees Q2 average selling price for unit deliveries $550,000.
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HSBC | Hot Stocks06:17 EDT HSBC 'confident' in achieving RoTE target of at least 12% for 2023 onwards - HSBC said: "We remain confident of achieving our return on average tangible equity target of at least 12% for 2023 onwards, which is not dependent on the impact of material acquisitions and disposals. Our 1Q23 annualized RoTE of 27.4% included the annualized impact of our provisional gain on the acquisition of SVB UK and the reversal of an impairment on the planned sale of our retail banking operations in France. After excluding these transactions, annualized RoTE was 19.3%. The annualized RoTE in the first quarter is likely to be higher than in other quarters due to revenue seasonality, and as we do not expect certain favorable tax impacts to recur in subsequent quarters. Based on the current market consensus for global central bank rates, our net interest income expectations are unchanged from our fullyear guidance. After including an approximately $2bn reduction due to the implementation of IFRS 17 'Insurance Contracts', we expect to achieve net interest income of at least $34bn in 2023. We continue to use a range of 30bps to 40bps of average loans for planning our ECL charges over the medium to long term. While the ECL charge in 1Q23 was relatively benign, given current macroeconomic uncertainty we maintain the guidance provided at our full-year 2022 results of around 40bps of average gross loans in 2023. We continue to monitor risks related to our exposures in mainland China's commercial real estate sector. Our current intention is to manage the CET1 ratio within our medium-term target range of 14% to 14.5%, with a dividend payout ratio of 50% for 2023 and 2024, excluding material notable items."
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DD | Hot Stocks06:15 EDT DuPont to acquire Spectrum Plastics Group from AEA Investors for $1.75B - DuPont announced that it has entered into a definitive agreement to acquire Spectrum Plastics Group from AEA Investors. The purchase price will be paid from existing cash balances. The transaction is expected to close by the end of the third quarter, subject to regulatory approvals and other customary closing conditions. Spectrum is a leader in advanced manufacturing of specialty medical devices and components, serving 22 of the top 26 medical device OEMs with a strategic focus on key fast-growing therapeutic areas such as structural heart, electrophysiology, surgical robotics and cardiovascular. Spectrum has more than 2,200 employees and has delivered consistent high single-digit growth rates for many years. DuPont expects the deal to be immediately accretive to its adjusted EPS and to achieve high single-digit ROIC by year five.
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BP | Hot Stocks06:12 EDT BP sees FY23 CapEx at lower end of range - Based on bp's current forecasts, at around $60 per barrel Brent and subject to the board's discretion each quarter, bp expects to be able to deliver share buybacks of around $4.0 billion per annum, at the lower end of its $14-18 billion capital expenditure range, and have capacity for an annual increase in the dividend per ordinary share of around 4%. bp remains committed to using 60% of 2023 surplus cash flow for share buybacks, subject to maintaining a strong investment grade credit rating.
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DGHI BTC | Hot Stocks06:11 EDT Digihost provides April 2023 production update - Digihost Technology (DGHI) provided unaudited comparative Bitcoin (BTC) production results for the month ended April 30, 2023, combined with an operations update. Mined approximately 75 BTC, resulting in total holdings of 19.28 BTC at the end of April valued at approximately $0.6M based on a BTC price of $29,269 as of April 30. Of the 75 BTC mined, approximately 61 were self-mined with the remainder under JV hosting partnerships. Production of BTC mined is expected to continue to ramp up in Q2, as the company completes the infrastructure setup at its recently acquired site. Infrastructure installation has been completed at the company's other two sites. The company is currently self mining at a rate of approximately 2.1 BTC per day. The company expects to produce approximately 5.5 BTC per day by the end of Q2 2023 thereby increasing its current hashing power from approximately 900 PH to 2 EH. The company held cash, BTC and cash deposits of approximately $2.7M as of April 30, 2023. Digihost's consolidated operating capacity across its three sites has increased to approximately 100MW, representing approximately 2 EH of computing power. The company projects that total capacity will be fully deployed by the end Q2 2023.
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NWN | Hot Stocks06:07 EDT Northwest Natural Gas begins RNG production at second Tyson Foods facility - NW Natural Holding subsidiary NW Natural and BioCarbN, a developer and operator of environmental infrastructure projects, began production at a second renewable natural gas - RNG - facility, as part of a project partnership with Tyson Foods. The facility is located in Dakota City, Nebraska, with NW Natural investing approximately $12M to convert methane captured from the facility's operations into RNG to heat homes and businesses. The first project began at Tyson's Lexington, Nebraska operations in January 2022. At full capacity, the two projects combined are expected to produce about 240,000 MMBtu of RNG each year.
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EPD | Hot Stocks06:03 EDT Enterprise Products see 2023 growth capital investments $2.4B-$2.8B - Sees sustaining capital expenditures for 2023 approximately $400M.
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NFLX... | Hot Stocks05:47 EDT Writers Guild of America goes on strike after studio talks fail - The Writers Guild of America said that after not reaching an agreement with Hollywood studios and streamer, its members will be on strike after the contract expired at midnight. "Your WGA Negotiating Committee spent the last six weeks negotiating with Netflix (NFLX), Amazon (AMZN), Apple (AAPL), Disney (DIS), Discovery-Warner (WBA), NBC Universal, Paramount (PARA) and Sony (SNY) under the umbrella of the Alliance of Motion Picture and Television Producers," the union told its members. It added, "Though we negotiated intent on making a fair deal-and though your strike vote gave us the leverage to make some gains - the studios' responses to our proposals have been wholly insufficient, given the existential crisis writers are facing." On April 10, BMO Capital lowered its 2023 funds from operations estimate for Hudson Pacific Properties (HPP) by 5%, primarily due to the likely Writers Guild of America strike in May. A strike would significantly impact Hudson Pacific's studio business, and the immediate impact, coupled with office and debt market uncertainty, would almost certainly lead Hudson Pacific to cut its dividend, said the firm. Reference Link
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OKYO | Hot Stocks05:19 EDT OKYO Pharma screens first patient for OK-101 trial - OKYO Pharma announced that the first patient has been screened for its phase 2, multi-center, randomized, double-blinded, placebo-controlled trial, evaluating the efficacy and safety of OK-101 ophthalmic solution in subjects with dry eye disease, or DED.
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BALY | Hot Stocks05:17 EDT Bally's enters exclusive sports betting pacts with Kambi, White Hat Gaming - Bally's announced that, after conducting a thorough evaluation, it has entered into exclusive, multi-year agreements with Kambi Group and White Hat Gaming to serve as Bally's B2B online sports betting, or OSB, and platform providers. Combining these services with Bally's core strengths, including its footprint, which will consist of 17 casinos across 11 states once ongoing projects are completed, a proprietary player database, an integrated Bally Rewards program, and a cross-functional marketing operation, will support the relaunch of Bally Bet, Bally's online sports betting platform, which the company expects to occur across seven states and at four retail gaming locations by the end of 2023. They will also enable Bally's to expand its OSB presence globally over time. Through these partnerships, Bally's will leverage Kambi's and White Hat's proven technology integration, extensive licensing across regulated jurisdictions, end-to-end solutions, and track record of executing quick launches to support the expansion and enhancement of its online and retail sportsbooks. In addition, the fixed cost structure previously associated with powering Bally's B2C sports betting platforms will shift to a variable cost structure that will generate significant cost savings and reduce risk. Under the terms of the Kambi partnership, Bally's will integrate Kambi's mature suite of omnichannel products, trading capabilities, content solutions, and model driven approach to liability management to deliver unrivaled online and retail sports betting entertainment, and iGaming offerings, to Bally's global customer base. Additionally, Bally's maintains the option, pending the satisfaction of certain material performance metrics, to acquire a license to a limited part of Kambi's online and retail technology source code. Should Bally's exercise the option and pay an agreed sum, the two parties would enter into a separate long-term outsourcing agreement in relation to Kambi's range of modularized services.
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NXPI NIO | Hot Stocks05:10 EDT NXP Semiconductors, Nio collaborate on 4D imaging radar deployment - NXP Semiconductors (NXPI) announced Nio (NIO) will leverage NXP's leading automotive radar technology, including its imaging radar solution. NXP's latest 4D imaging radar solution is a technology that allows benefits far beyond traditional radar. It will enable a significant improvement in front radar performance. The cars will be able to detect and classify objects such as other vehicles and vulnerable road users in high-way and complex urban scenarios and at distances of up to 300m, bringing more safety to the roads and driving comfort for end users. OEMs increasingly focus on the introduction of safety and convenience features to take autonomous driving services to the next level. NXP's imaging radar technology expands radar's capabilities from measuring range and speed, to include direction, angle of arrival, and elevation measurement. Fine-resolution point clouds enhance environmental mapping and scene understanding, enabling the detection and classification of objects beyond the range of human eyesight while measuring the objects' velocity under almost all weather and light conditions.
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