Stockwinners Market Radar for June 05, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ABNB | Hot Stocks20:23 EDT Airbnb CEO sold $3.36M in common stock - In a regulatory filing, Airbnb disclosed that its CEO Brian Chesky sold 30K shares of common stock on June 1st in a total transaction size of $3.36M.
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ZURA | Hot Stocks20:22 EDT Zura Bio director buys $500K in common stock - In a regulatory filing, Zura Bio disclosed that its director Amit Munshi bought 117.6K shares of common stock on June 5th in a total transaction size of $500K.
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MTB | Hot Stocks20:21 EDT M&T Bank CFO buys $1.2M in common stock - In a regulatory filing, M&T Bank disclosed that its CFO Daryl Bible bought 10K shares of common stock on June 1st in a total transaction size of $1.21M.
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CERS | Hot Stocks20:15 EDT Cathie Wood's ARK Investment bought 124K shares of Cerus today
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RKLB | Hot Stocks20:14 EDT Cathie Wood's ARK Investment bought 157K shares of Rocket Lab today
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DNA | Hot Stocks20:13 EDT Cathie Wood's ARK Investment bought 228K shares of Ginkgo Bioworks today
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LGIH | Hot Stocks19:13 EDT LGI Homes reports 633 homes closed in May - LGI Homes "announced it closed 633 homes in May 2023. As of May 31, 2023, the Company had 101 active selling communities."
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HNRA | Hot Stocks19:02 EDT HNR Acquisition affirms intent to purchase equity interest of Pogo Resources - HNR Acquisition Corp. affirmed its intent to purchase all equity interests in Pogo Resources, LLC and its subsidiary, LH Operating, LLC. HNRA has previously announced its agreement to purchase all the equity interests in Pogo under a Membership Interest Purchase Agreement. Pogo's oil and gas holdings include an approximate 13,700-acre producing leasehold located in the prolific Permian Basin in Eddy County, New Mexico.
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TGTX | Hot Stocks18:29 EDT TG Therapeutics CFO Power sells 73,647 common shares - In a regulatory filing, TG Therapeutics CFO Sean Power disclosed the sale of 73,647 common shares of the company on June 2 at a price of $26.70 per share.
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CVE | Hot Stocks18:15 EDT Cenovus Energy updates production impact of Alberta wildfires - Cenovus Energy has safely restarted approximately 62,000 barrels of oil equivalent per day of production, from the 85,000 BOE/d impacted in May due to wildfires. Assuming the current wildfire conditions continue, Rainbow Lake operations are expected to return to production within seven to 10 days, which represents approximately 20,000 BOE/d. About 3,000 BOE/d remains offline awaiting power infrastructure to be rebuilt in various remote locations. As staff have been able to access sites, to date no significant damage has been identified. The overall wildfire situation continues to be closely monitored and other assets, including the company's oil sands operations and Lloydminster complex, have not been impacted.
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PAC | Hot Stocks18:06 EDT GAP Airports reports May traffic up 10.4% from last year - Grupo Aeroportuario del Pacifico, S.A.B. de C.V.,announces preliminary terminal passenger traffic figures for the month of May 2023, compared with the same period of 2022. For May 2023, the total number of terminal passengers at GAP's 12 Mexican airports increased by 10.1%, compared to the same period in 2022. Guadalajara, Tijuana, Los Cabos, and Puerto Vallarta presented an increase in passenger traffic of 16.1%, 7.3%, 5.2%, and 1.0% respectively, compared to May 2022. On the other hand, Montego Bay increased by 10.2% and Kingston by 22.1%, compared to 2022.
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PLNT | Hot Stocks17:41 EDT Planet Fitness CEO buys $649.9K in common stock - In a regulatory filing, Planet Fitness disclosed that its CEO Chris Rondeau bought 10K shares of common stock on June 5th in a total transaction size of $649.9K.
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PLTR | Hot Stocks17:36 EDT Palantir awarded $463M USSOCOM contract - Palantir was awarded a five-year indefinite-delivery/indefinite-quantity contract with a maximum ceiling of $463M in support of continued capabilities for select U.S. Special Operations Command, or USSOCOM, units for one year. The scope of the contract covers development and sustainment efforts for Palantir within the overall ecosystem of programs under the Program Executive Office, or PEO, Special Operations Forces Digital Applications, or SDA, portfolio. This contract provides the ability for PEO SDA's programs to bring in the best of breed technology offerings provided by Palantir into the Modular Open System Approach all of the portfolio programs are taking. Fiscal 2023 operations and maintenance funds in the amount of $29,504,663 were obligated at the time of the award. This contract is awarded utilizing Federal Acquisition Regulation 6.302-1, only one responsible source. USSOCOM is the contracting activity.
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TTWO | Hot Stocks17:35 EDT Take-Two's Strauss Zelnick sells $1.3M in shares - The Chairman of Two Interactive Software Strauss Zelnick disclosed in a regulatory filing that he had sold 9,537 shares of company stock at $137.67 per share on June 1, for a total transaction amount of $1,312,989.
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RTX | Hot Stocks17:28 EDT Raytheon Technologies awarded $2.02B Navy contract modification - Raytheon Technologies was awarded a $2.02B fixed-price-incentive-firm, cost-plus-incentive-fee, cost reimbursable modification to a previously awarded contract. This modification exercises options to procure materials, parts, and components for Lot 17 of the F135 Propulsion system for F-35 Lighting II Joint Strike Fighter aircraft as well as global spares requirements to include spare engines, power modules, and other hardware in support of the Air Force, Marine Corps, Navy, Non-U.S. Department of Defense, or DOD, participants, cooperative program partners, and Foreign Military Sales, or FMS, customers. Work is expected to be completed in December 2025. FY23 aircraft procurement funds in the amount of $645.52M; FY23 funds in the amount of $527.69M; FY22 aircraft procurement funds in the amount of $30.39M; FY22 aircraft procurement funds in the amount of $1.41M; non-U.S. DOD participant funds in the amount of $417.54M and FMS customer funds in the amount of $400.52M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems is the contracting activity.
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MTAL | Hot Stocks17:24 EDT Metals Acquisition shareholders approve proposed business combination - Metals Acquisition Corp announced that MAC's shareholders voted to approve, among other things: (i) its proposed business combination to acquire from Glencore Operations Australia Pty Limited 100% of the issued share capital of Cobar Management Pty. Limited, which owns and operates the Cornish, Scottish and Australian mine; and (ii) its proposed merger with Metals Acquisition Limited to occur immediately prior to the Business Combination. The vast majority of the votes cast at the meeting voted to approve the Business Combination and the Merger. MAC Limited will be continuing as the surviving company following the Merger. The Business Combination is scheduled to close on June 15, 2023. As a result of the Business Combination, CMPL will become a wholly-owned indirect subsidiary of New MAC. The common stock and warrants of New MAC are set to begin trading on the New York Stock Exchange on June 16, 2023 under the ticker symbols, "MTAL" and "MTAL.WS", respectively.
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GTLB | Hot Stocks17:22 EDT GitLab jumps 23% to $43.61 after Q1 earnings beat, FY24 guidance raise
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ODFL | Hot Stocks17:16 EDT Old Dominion reports certain less-than-truckload operating metrics for May - Old Dominion Freight Line reported certain less-than-truckload operating metrics for May 2023. Revenue per day decreased 15.7% as compared to May 2022 primarily due to a 14.4% decrease in LTL tons per day. The change in LTL tons per day was attributable to an 11.4% decrease in LTL shipments per day and a 3.4% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 0.1% and 7.9%, respectively, as compared to the same period last year. Greg Gantt, President and CEO of Old Dominion, commented, "Old Dominion's revenue results for May reflect continued softness in the domestic economy as well as a decrease in fuel surcharge revenue. While our volumes decreased on a year-over-year basis, our LTL shipments per day remained relatively consistent with the first quarter of 2023 and our yield continued to improve. Our quarter-to-date LTL revenue per hundredweight, excluding fuel surcharges, increased 7.9% due primarily to the ongoing execution of our yield-management strategy. We remain focused on delivering superior service at a fair price to support our consistent, cost-based approach to managing yields, despite the year-over-year decrease in volumes. As we continue to deliver our unmatched value proposition, and consistently execute on the other key elements of our long-term strategic plan, we believe we will win market share and increase shareholder value over the long term."
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VIEW | Hot Stocks17:15 EDT View Inc. announces plans for reverse stock split - View, Inc. announced that its Board of Directorshas approved a reverse stock split of the Company's Class A common stock. The Board's decision is intended to ensure that the Company is in full compliance with the Nasdaq Stock Market LLC's ("Nasdaq") listing rules. The reverse stock split is subject to stockholder approval.
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SANG | Hot Stocks17:02 EDT Sangoma Technologies announces planned share sale by Star2Star Holdings - Sangoma Technologies "announced that Star2Star Holdings, LLC has filed a notice of intention to distribute securities in connection with a proposed sale of up to 665,812 common shares of the Company, representing up to approximately 2% of the issued and outstanding common shares. The common shares are expected to be sold through the facilities of the Toronto Stock Exchange or private transactions. Holdings is controlled by Norman Worthington, the Company's Interim Executive Chairman, and its largest shareholder. As previously announced, the proposed sales are being undertaken to generate the cash needed by Holdings to pay its tax obligations that were triggered by the recent distribution of the remaining share consideration payable to the former stockholders of StarBlue Inc. in connection with the Company's 2021 acquisition of StarBlue."
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EXFY | Hot Stocks16:57 EDT Expensify CEO sells $1.31M in common stock - In a regulatory filing, Expensify disclosed that its CEO David Barrett sold 200K shares of common stock on June 1st in a total transaction size of $1.31M.
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MASI | Hot Stocks16:51 EDT Politan says 'meaningful change is clearly needed' on Masimo board - Politan Capital Management, a 9% shareholder of Masimo Corporation, commented on the Company's recent announcement that it would authorize expanding its Board and adding Politan nominee Michelle Brennan - contingent on the reelection of all incumbent Masimo directors at the upcoming Annual Meeting of Stockholders. Quentin Koffey, Managing Partner and Chief Investment Officer of Politan, stated: "Meaningful change is clearly needed on Masimo's Board. For years, Masimo has gone to extreme and well-documented lengths to avoid this occurring. Making Michelle's appointment contingent on all incumbent directors being elected is not progress - it is yet another defensive maneuver to impede shareholder-driven change. Michelle would be an exceptional addition to Masimo's Board. Her deep expertise from decades spent in relevant roles at Johnson & Johnson, in addition to her experience as a public company director, make her an ideal fit to help Masimo. The opportunity to do so is why she is participating in this election. Michelle wants to be able to bring the type of positive, substantive improvement to the Company that has been outlined in Politan's campaign and will only be possible with a real level of change. If elected, Michelle and I will be fully committed from day one to working constructively alongside the other directors to further the best interests of the Company. While we unfortunately expect the emotive attacks from Masimo to continue leading up to the vote, we encourage shareholders to look past these unproductive distractions. We believe the facts and analysis we have presented - all of which are carefully supported - speak for themselves. We look forward to continuing to engage with our fellow shareholders in the weeks ahead."
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MOTS | Hot Stocks16:44 EDT Motus GI Holdings promotes Ravit Ram to CFO - Motus GI Holdings announced the promotion of its current VP of global operation and finance, Ravit Ram, as the new CFO, effective immediately. Ram's appointment is part of the previously announced transition plan for Andrew Taylor, who stepped down as CFO on June 2 to pursue other opportunities. This appointment completes the company's reorganization, in-line with its strategic focus announced in April. Taylor will serve as an advisor to the company to aid in a smooth transition.
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SPB ASAZY | Hot Stocks16:41 EDT Spectrum Brands gets clearance from Mexico to sell HHI segment - Spectrum Brands )SPB) announced that it has received clearance from the Mexican competition authority to sell the Company's Hardware and Home Improvement segment ,"HHI", to ASSA ABLOY (ASAZY) for $4.3B in cash, subject to customary adjustments. The approval from the Mexican competition authority was the last regulatory approval required to complete this transaction. The closing of this transaction is subject to satisfaction of customary closing conditions. The Company continues to expect to close this transaction on or prior to June 30, 2023.
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RHP BX | Hot Stocks16:39 EDT Ryman Hospitality to acquire JW Marriott San Antonio from BREIT for $800M - Ryman Hospitality Properties (RHP) announced a definitive agreement under which Ryman will purchase the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas for $800M from Blackstone REIT (BX). Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, "We identified the JW Marriott Hill Country as an ideal acquisition target quite some time ago. Located in an attractive and growing market with no emerging competitive supply, this beautiful resort is a natural complement to our existing Gaylord Hotels portfolio and offers significant opportunities to serve the group and leisure sides of our business. The acquisition price represents a Trailing Twelve Months (through March 31, 2023) Adjusted EBITDAre multiple of approximately 12.6x." Nadeem Meghji, Head of Blackstone Real Estate Americas, said, "Where you invest matters and Ryman's unsolicited outreach demonstrates the strong investor demand for BREIT's portfolio, which is concentrated in the highest growth sectors and geographies. This sale, which generates approximately $275 million in profit over a five-year hold period through Covid, represents a terrific outcome for BREIT shareholders."
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PLCE | Hot Stocks16:31 EDT Children's Place expands revolving credit facility to $445M - The Children's Place announced the expansion of its revolving credit facility from $350 million to $445 million. Sheamus Toal, CFO, said, "We are extremely pleased to welcome PNC Bank as a new joint lead arranger, who is committing an additional $95 million toward our revolving credit facility and we are grateful for the support provided by our current banking group. This additional credit availability will significantly strengthen our financial position while also supporting our seasonal working capital needs and investments in the Company's future growth."
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INVH | Hot Stocks16:30 EDT Invitation Homes names Scott Eisen CIO - Invitation Homes announced that Scott G. Eisen will join the company as Executive Vice President and Chief Investment Officer in August. "At Invitation Homes, maintaining our lead as the nation's premier home leasing company means we are continually innovating through smart investments, superior operations, and building on our best-in-class team. We plan to continue setting the bar high for how we raise and invest capital, measure risk, and look for opportunities to upgrade our portfolio. I am excited to welcome Scott to the team. His experience and track record in banking, M&A, and advisory roles will help us continue to position the Company for future growth," said Chief Executive Officer Dallas Tanner.
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DISH | Hot Stocks16:29 EDT Dish director James Defranco buys 300,000 class A shares - In a regulatory filing, Dish Network director James Defranco disclosed the acquisition of 300,000 class A common shares of the company at a price of $6 per share.
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SSTK | Hot Stocks16:27 EDT Shutterstock Chairman Oringer sell $4M in company shares - The Chairman of Shutterstock Jonathan Oringer disclosed in a regulatory filing that he had sold 78,738 shares of company stock at $50.39 per share on June 1 and June 2, for a total transaction amount of $3,967,679.
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WULF... | Hot Stocks16:20 EDT TeraWulf self mines 323 bitcoin in May - The company self-mined 323 bitcoin in May with an average production rate of 10.4 bitcoin per day. "The increase in our hash rate this month coupled with a temporary spike in transaction fees due to the emergence of Ordinals on the blockchain more than offset May's increase in network difficulty, enabling the Company to deliver a 35% month-over-month increase in bitcoin produced," stated Kerri Langlais, chief strategy officer of TeraWulf. "Additionally, with a realized average cost of power of less than $0.03 per kilowatt hour and average availability in excess of 98% in May, we steadily increased profit margins month over month despite challenging market conditions," added Langlais. As of May 31, the company had an operational miner fleet of approximately 36,000 of the latest generation miners, comprised of 20,000 miners at its wholly owned Lake Mariner facility in New York and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania.
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USEG | Hot Stocks16:20 EDT U.S. Energy announces Mark Zajac appointed CFO - U.S. Energy announced that Mark Zajac has been appointed Chief Financial Officer effective June 1. Mr. Zajac brings 30 years of leadership experience across energy and finance, primarily as a Partner and national industry leader with KPMG. "I look forward to welcoming Mark to the U.S. Energy team," said Ryan Smith, President and Chief Executive Officer of U.S. Energy. "Mark's expertise as a seasoned financial leader with deep experience in both the overall energy sector and in public accounting will serve us well as we continue working towards executing the Company's strategic goals. He has a breadth of experience in building impactful teams and relationships that will help continue developing U.S. Energy and advancing our initiatives, all with the goal of delivering meaningful long-term value to our shareholders."
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UNVR KMB | Hot Stocks16:17 EDT Univar names Alexandra Colin as General Counsel - Univar Solutions (UNVR) named Alexandra Colin as General Counsel effective July 1. In this role, Colin will serve as chief legal advisor and lead global compliance and enterprise risk management programs for the company. Colin joins Univar Solutions after serving as associate general counsel, personal care North America for Kimberly-Clark (KMB).
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CRGY | Hot Stocks16:16 EDT Crescent Energy to increase public float to 46% - Crescent Energy "announced that an affiliate of KKR has notified the Company that it intends to convert and distribute approximately 27.9 million Class A shares to certain of its legacy investors, who are primarily large institutions. Following the Class A Conversion, the amount of stock held by non-affiliated public holders will increase from 29% to 46% through the conversion of private Class B shares / OpCo Units into publicly traded Class A shares. Such Class A shares will be subject to customary legal trading restrictions associated with restricted stock. KKR retains its existing 16% ownership, which is held by an indirect subsidiary of KKR & Co. Inc. for its own account and not through its investment funds. KKR remains a long-term investor and has reiterated that it has no present intention of selling its shares in the Company. The conversion is expected to be effective in July 2023."
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HTGM | Hot Stocks16:15 EDT HTG Molecular trading resumes
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DLR | Hot Stocks16:12 EDT Digital Realty sells non-core data center in Texas for $150M - Digital Realty announced the sale of a non-core data center in Texas. Digital Realty realized approximately $150M of net proceeds from the sale of its 100% interest in the data center, which was originally acquired in 2012 and leased as a powered shell facility. The property was sold at a 4.4% cap rate, based on projected 2023 net operating income and generated a capital gain of approximately $88M.
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BNL | Hot Stocks16:12 EDT Broadstone Net Lease says portfolio collected 100% of base rents in April-May - The company states that it "collected 100% of base rents due through April and May for all properties under lease, and as of the date of this release our portfolio was 99.4% leased based on rentable square footage as of the end of the first quarter, with two of our total properties vacant and not subject to a lease... During the second quarter, we sold four properties for proceeds of $69.4 million at a weighted average cap rate of 5.6% on tenanted properties."
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ERAS | Hot Stocks16:12 EDT Erasca: Ceasing ERAS-007 combo exploration, deprioritize some discovery programs - Erasca announced promising preliminary Phase 1b data for ERK inhibitor ERAS-007 in patients with metastatic BRAF V600E-mutated, BRAFm, colorectal cancer CRC and provided a portfolio update. Erasca will host a virtual investor event to discuss these updates. "We are pleased that the early ERAS-007 clinical data continue to reinforce its potential to become a backbone for combination therapy," said Jonathan E. Lim, M.D., Erasca's chairman, CEO, and co-founder. "Moreover, through our signal-seeking trials, we have tested three biological hypotheses: preventing in-pathway resistance, reversing in-pathway resistance, and targeting adjacent pathways. We believe the encouraging efficacy data for ERAS-007 in combination with encorafenib and cetuximab in EC-naive patients with BRAFm CRC provide compelling evidence to continue with further enrollment in this patient population." Lim continued, "Due to a lack of clinical activity, we will not continue exploring ERAS-007 combined with palbociclib in patients with RAS-mutated gastrointestinal malignancies or ERAS-007 combined with osimertinib in patients with post-osimertinib EGFR-mutated non-small cell lung cancer. We have also decided to deprioritize certain discovery programs: ERAS-9 , ERAS-11 , and ERAS-2/3 , but are pursuing other promising research approaches to target RAS mutations beyond G12C. Further refining our efforts and prioritizing resources will allow us to focus on clinical and research programs with potential therapeutic differentiation and will increase our capacity to realize the many exciting opportunities ahead of us to help patients. We continue to be well positioned to execute on important catalysts over the next 18 months and beyond for our four clinical programs, our pan-RAF inhibitor naporafenib, ERK inhibitor ERAS-007, SHP2 inhibitor ERAS-601, and CNS-penetrant EGFR inhibitor ERAS-801."
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NVRO | Hot Stocks16:10 EDT Nevro names Greg Siller as Chief Commercial Officer - Nevro announced that Greg Siller has been appointed Senior Vice President and Chief Commercial Officer of Nevro, effective June 19. Siller replaces Niamh Pellegrini, who will be leaving the organization effective June 9. The company also announced that in conjunction with this appointment, it is updating its revenue guidance for the second quarter of 2023 to a range of $106M-$108M and plans to update its annual guidance when it reports its second quarter 2023 financial results.
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DLR | Hot Stocks16:09 EDT Digital Realty names Colin McLean as Chief Revenue Officer - Digital Realty has announced the appointment of Colin McLean as Chief Revenue Officer reporting to President & Chief Executive Officer Andy Power. The company's prior Chief Revenue Officer Corey Dyer will depart the company effective June 30. McLean joined Digital Realty's sales organization in 2017 and most recently led Sales in the Americas region. His prior senior leadership roles at Digital Realty included Senior Vice President, Global Accounts, and leader of the Global Sales Operations and Partnerships & Alliances efforts. McLean has over 25 years of sales and operational experience.
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PGEN | Hot Stocks16:08 EDT Precigen announces 'positive' Phase 1 data for PRGN-3005 UltraCAR-T - Precigen presented positive data at the 2023 American Society of Clinical Oncology Annual Meeting from the Phase 1 portion of the Phase 1/1b clinical study evaluating safety and efficacy of PRGN-3005 UltraCAR-T in advanced stage platinum resistant ovarian cancer patients. The presentation was delivered by John B. Liao, MD, PhD, Cancer Vaccine Institute, University of Washington Medicine, and a lead investigator for the PRGN-3005 clinical trial. "We are pleased with the results of the Phase 1 study which demonstrate a favorable safety profile for PRGN-3005 UltraCAR-T. Our UltraCAR-T therapies continue to be well-tolerated with no dose limiting toxicities across our clinical stage UltraCAR-T portfolio," said Helen Sabzevari, PhD, President and CEO of Precigen. "At this early stage, we are encouraged that patients in the IV plus lymphodepletion arm showed stable or partial response in 90% of the individual target lesions, and that the case study presented demonstrated that the repeat dosing further decreased tumor burden. UltraCAR-T is the only CAR-T platform that has demonstrated the ability to expand and persist and show a reduction in tumor burden and lesions with low doses of UltraCAR-T cells in this heavily pretreated ovarian cancer patient population. We are currently underway in the Phase 1b dose expansion study at Dose Level 3 via IV infusion with lymphodepletion and incorporating repeat dosing."
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MODV | Hot Stocks16:07 EDT ModivCare names Jessica Kral as Chief Information Officer - Modivcare announced the appointment of Jessica Kral as Chief Information Officer. Jessica has over 25 years of leadership experience working at Fortune 100 companies and more than 8 years as a C-level executive leading diverse, global teams. Over the last 18 years, Jessica worked at UnitedHealth Group in various leadership roles including infrastructure, M&A integration, CIO for UnitedHealthcare Medicare & Retirement, CIO for Optum Home & Community, and most recently SVP, Strategy & Transformation for Optum Health Technology.
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CBZ | Hot Stocks16:07 EDT CBIZ acquires Pivot Point Security, terms not disclosed - CBIZ announced that it has acquired information security consulting firm, Pivot Point Security, of Hamilton, NJ, effective June 1, 2023. Founded in 2001, PPS helps small and middle market businesses navigate the complex challenges of information security and compliance. PPS has 30 employees and recorded $6.6M in revenue in 2022.
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DT VMW | Hot Stocks16:06 EDT Dynatrace announces Chief Revenue Officer transition - Dynatrace (DT) announced that its Chief Revenue Officer , Steve Pace, plans to retire from the company and that Dan Zugelder will be appointed as the company's new CRO, effective July 5, 2023. Pace will stay on in an advisory capacity through the end of the company's fiscal second quarter to ensure a smooth transition. Zugelder is currently Senior Vice President and General Manager, Americas, at VMware (VMW), leading approximately 3,800 people in this role and accountable for over $4 billion in annual revenue.
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RARE MREO | Hot Stocks16:06 EDT Ultragenyx & Mereo BioPharma announce data on Orbit study of setrusumab in OI - Ultragenyx Pharmaceutical (RARE) and Mereo BioPharma Group (MREO) announced data from the dose-selection Phase 2 portion of the Phase 2/3 Orbit study showing that setrusumab rapidly induced bone production in OI-affected patients. Across all patients evaluated setrusumab demonstrated statistically significant increases in levels of serum P1NP, a sensitive marker of bone formation, and a substantial and significant improvement in bone mineral density BMD by 3 months "The rate of increasing bone mineralization we're observing on DXA scans is striking, unlike anything I have typically seen with bisphosphonate therapy. This increase in bone mass underscores the potential to make denser and stronger bone," said Gary Gottesman, M.D., Professor of Pediatrics and Medicine, Washington University School of Medicine..."The dramatic lumbar spine BMD improvements in children at 3 months show that growing bones are more dynamic, and we anticipate the potential for a greater effect on bone formation and strength in younger patients with maturing bones," said Eric Crombez, M.D., chief medical officer at Ultragenyx. "Based on the reports from study investigators, we're encouraged by the impact setrusumab appears to be having on bone health so far." As of the data cut-off, there have been no treatment-related serious adverse events observed in the study. Reported adverse events have been generally consistent with those observed in the ASTEROID study and include infusion associated events, headache and sinusitis. There have been no reported hypersensitivity reactions related to setrusumab. There were no safety-related differences observed between dosing groups or age groups. The totality of data demonstrated meaningful response in serum P1NP and BMD across both cohorts, with the majority of the effect observed at 20 mg/kg, which is the dose planned across the setrusumab Phase 3 program. Screening has begun for the Phase 3 portion of the study, which is designed to enroll approximately 195 patients at more than 40 sites across 12 countries.
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DRS | Hot Stocks16:01 EDT Leonardo DRS to Join Russell 2000 and Russell 3000 indexes - Leonardo DRS "announced that it has been added to the Russell 2000(R) and broad-market Russell 3000(R) Indexes as part of the 2023 Russell index annual reconstitution, which will be effective after the US market opens on June 26, 2023."
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LVWR | Hot Stocks16:00 EDT LiveWire names Karim Donnez CEO - LiveWire Group announced the appointment of Karim Donnez as Chief Executive Officer, effective June 12, 2023. Donnez will succeed current CEO Jochen Zeitz who, having served as CEO for an agreed period, will remain as Chairman of LiveWire Group, Inc. Jochen Zeitz, Chairman and CEO, LiveWire, and Chairman, President, and CEO of Harley-Davidson, said: "Having successfully stood-up LiveWire as a brand and listed the Company on the NYSE, I'm excited to pass the baton to Karim and to welcome him as LiveWire's new CEO, following an extensive global search process. Karim is an entrepreneurial business leader with a demonstrable track record of driving transformational growth through both strategy development and implementation. The Board and I look forward to Karim realizing the potential of LiveWire, as we continue on the Company's journey to lead the electrification of the sport." Prior to joining BRP, Donnez held leadership positions at Rio Tinto, most recently as General Manager, Refinery & Energy for Rio Tinto Kennecott, where he oversaw business transformation initiatives as part of corporate global functions. Donnez started his career at Accenture.
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UNP | Hot Stocks15:51 EDT Union Pacific reaches paid sick leave agreement with BLET - Union Pacific Railroad reached an agreement with the Brotherhood of Locomotive Engineers and Trainmen to provide paid sick leave to the approximately 5,600 locomotive engineers employed by the railroad. Under the agreement, BLET members will have up to seven paid days to use in the event of illness. Five days will be considered paid sick days with the ability to convert two additional paid leave days for use as paid sick time. The new agreement is effective Aug. 1. Union Pacific now has sick leave agreements in place with 12 of its 13 labor unions, covering approximately 68% of Union Pacific's craft employees.
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HTGM | Hot Stocks15:48 EDT HTG Molecular files voluntary petition for relief under Chapter 11 - According to a regulatory filing, on June 5, 2023, HTG Molecular Diagnostics filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company will operate its business as a "debtor-in-possession" under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court. To facilitate its ability to continue operating in the ordinary course of business, the Company has filed with the Court motions seeking a variety of "first-day" relief. Additional information about the Case, including access to Court documents, is available from the Court, via the office of the clerk. The filing of the Case constituted an event of default that accelerated all of the Company's obligations under the Company's Loan and Security Agreement, dated June 24, 2020, as amended, with Silicon Valley Bank, N.A., a division of First-Citizens Bank and Trust Company, comprising an outstanding principal amount of $2,687,255, together with accrued interest and all applicable fees and other financial obligations.
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SDA | Hot Stocks15:40 EDT SunCar Technology Group Inc trading resumes
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SDA | Hot Stocks15:35 EDT SunCar Technology Group Inc trading halted, volatility trading pause
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LLAP | Hot Stocks15:27 EDT Terran Orbital announces CAPSTONE completion of primary mission - Terran Orbital announced CAPSTONE's recent successful completion of its primary mission: navigating to and within the Near Rectilinear Halo Orbit, or NRHO, and performing the initial successful test of the Cislunar Autonomous Positioning System, or CAPS, in coordination with the NASA Lunar Reconnaissance Orbiter, or LRO. In addition, CAPSTONE imaged the Moon. Designed, built, and integrated by Terran Orbital and led by Advanced Space, the Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, otherwise known as CAPSTONE, is laying the groundwork for future lunar exploration by demonstrating operations in NRHO. CAPSTONE has provided NASA with rapid and low-cost data about operations in its NRHO around the Moon, the same orbit planned for Gateway, a space station that will provide astronauts with access to the lunar surface in support of NASA's Artemis missions. CAPSTONE operations are shared between Terran Orbital and Advanced Space for NASA. In addition to navigating to and within the NRHO, imaging the Moon, and performing the CAPS initial demonstration tests, the CAPSTONE mission has achieved many milestones since entering NRHO, including: 28 successful orbits, 7 on-orbit maneuvers, 89 published orbit determination navigation solutions. Collected more than 315,000 measurements from the Deep Space Network including the site at Morehead State University. CAPSTONE was the first mission to use Morehead State University - this capacity added to DSN was critical to support the mission. Endured six lunar eclipses with a maximum duration of 74.32 minutes; 6 lunar eclipses with a maximum duration of 74.32 minutes.
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AAPL | Hot Stocks15:06 EDT Apple unveils Vision Pro 'spatial computer,' starting at $3,499 - Apple unveiled Apple Vision Pro, which it calls "a revolutionary spatial computer that seamlessly blends digital content with the physical world, while allowing users to stay present and connected to others." Apple stated: "Vision Pro creates an infinite canvas for apps that scales beyond the boundaries of a traditional display and introduces a fully three-dimensional user interface controlled by the most natural and intuitive inputs possible - a user's eyes, hands, and voice. Featuring visionOS, the world's first spatial operating system, Vision Pro lets users interact with digital content in a way that feels like it is physically present in their space. The breakthrough design of Vision Pro features an ultra-high-resolution display system that packs 23 million pixels across two displays, and custom Apple silicon in a unique dual-chip design to ensure every experience feels like it's taking place in front of the user's eyes in real time." Tim Cook, Apple's CEO, added: "Today marks the beginning of a new era for computing. Just as the Mac introduced us to personal computing, and iPhone introduced us to mobile computing, Apple Vision Pro introduces us to spatial computing. Built upon decades of Apple innovation, Vision Pro is years ahead and unlike anything created before - with a revolutionary new input system and thousands of groundbreaking innovations. It unlocks incredible experiences for our users and exciting new opportunities for our developers." Apple Vision Pro starts at $3,499 U.S. and will be available early next year at Apple Store locations in the U.S., with more countries coming later next year, Apple stated.
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U | Hot Stocks15:05 EDT Unity Software trading resumes
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DIS | Hot Stocks15:04 EDT S&P Ratings upgrades Walt Disney Co. to 'A-' - S&P Global Ratings raised its ratings on Disney, including the issuer credit rating, to 'A-' from 'BBB+'. S&P stated: "Disney is on a path to lowering S&P Global Ratings-adjusted leverage to 3x by the end of fiscal 2023. Disney ended its most recent quarter, second-quarter fiscal 2023, which ended April 1, 2023, with S&P Global Ratings-adjusted leverage of 3.3x. We forecast that leverage will decline to 3x by the end of fiscal 2023 and could decline below 2.5x in fiscal 2024. This leverage reduction will result from significant growth in Disney's EBITDA and cash flow over the next two years as losses at the DTC business segment lessen, earnings at its Disney Parks, Experiences, and Products business segment improve, and the company realizes over $5.5 billion in cost savings from ongoing cost-cutting initiatives."
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AAPL | Hot Stocks15:03 EDT Apple says Vision Pro starts at $3,499, available early next year
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FURY | Hot Stocks15:02 EDT Fury Gold Mines halts work at Eau Claire following fire evacuation order - Fury Gold Mines Limited announces that the company has paused all exploration activities at its Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec following an emergency fire evacuation order. On June 4, the Minister of Natural Resources mandated that all mining exploration activities stop immediately, all personnel be evacuated from the territory, and that helicopters and aircraft be made available to help fight fires and carry out emergency evacuations. Following notice from the Crown, Fury has temporarily halted exploration activities and has begun evacuating crews from the Eau Claire site. The company will continue to monitor the situation as it progresses. "As wildfires continue to threaten parts of the James Bay area, we are following the direction of local authorities and prioritizing the safety of our team. We are thinking of the communities and their members who are impacted by the fires in northern Quebec. We look forward to returning to work at Eau Claire shortly," commented Tim Clark, CEO of Fury.
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AAPL | Hot Stocks15:00 EDT Apple Vision Pro to include Optic ID security system
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U | Hot Stocks15:00 EDT Unity Software trading halted, volatility trading pause
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RCKT | Hot Stocks14:59 EDT Rocket Pharmaceuticals treatment gets FDA orphan status - Rocket Pharmaceuticals' treatment of PKP2-associated arrhythmogenic cardiomyopathy was granted FDA orphan status, according to a post to the agency's website. Reference Link
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AAPL U | Hot Stocks14:59 EDT Apple working with Unity to bring apps to Vision Pro
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AAPL | Hot Stocks14:56 EDT Apple announces VisionOS for Vision Pro
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AAPL | Hot Stocks14:56 EDT Apple says Vision Pro comes with new chip called R1
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AAPL | Hot Stocks14:49 EDT Apple partners with Zeiss over Vision Pro prescription lenses
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DIS AAPL | Hot Stocks14:44 EDT Disney+ to be available on Apple Vision Pro on day one
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AAPL DIS | Hot Stocks14:41 EDT Apple says partnering with Disney over Vision Pro content - Apple (AAPL) said it is partnering with Disney (DIS) for additional content for its Vision Pro headset.
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AAPL | Hot Stocks14:40 EDT Apple says Vision Pro comes with game controller support - Says Vision Pro allows for 3D movies.
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AAPL | Hot Stocks14:28 EDT Apple says Vision Pro lets users add digital environments to experience - Says Vision Pro doesn't use a separate physical controller. Says app icons "suddenly come to life" when users look at them with Vision Pro.
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AAPL | Hot Stocks14:27 EDT Apple announces iOS 17 with updates to Phone, FaceTime and Messages - Apple announced iOS 17, which it calls "a major release that upgrades the communications experience across Phone, FaceTime, and Messages; makes sharing even easier with AirDrop; and provides more intelligent input that improves the speed and accuracy of typing." Apple stated that iOS 17 also introduces new experiences with Journal, an app that makes it easy for people to practice gratitude, and StandBy, a new way to view glanceable information when iPhone is set down and charging. "With iOS 17, we've made iPhone more personal and intuitive by deeply considering the features we all rely on every day. Phone, FaceTime, and Messages are central to how we communicate, and this release is packed with updates we think our users are going to love. We've also reimagined AirDrop with new ways to share, autocorrect gets even better, and we're introducing all-new experiences with Journal and StandBy, plus so much more. We can't wait for everyone to try it," said Craig Federighi, Apple's senior vice president of Software Engineering. The developer beta of iOS 17 is available to Apple Developer Program members today, and a public beta will be available next month. New software features will be available this fall as a free software update for iPhone XS and later.
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AAPL | Hot Stocks14:26 EDT Apple says Vision Pro introduces us to 'spatial computing' - Says users see real world first when putting on Vision Pro.
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AAPL | Hot Stocks14:25 EDT Apple announces tvOS 17 for Apple TV - Apple announced software updates coming this fall for Apple TV 4K. With tvOS 17, FaceTime comes to Apple TV 4K, so users can enjoy the popular app on their TV for even more engaging conversations with family and friends. tvOS 17 also introduces an all-new Control Center, along with other enhancements that provide a more personalized experience that works even better with iPhone. Apple TV 4K brings together Apple TV+ and all of the most popular streaming apps, as well as Apple Music, Apple Fitness+, and Apple Arcade to the biggest screen in the home. tvOS 17 is available as a developer beta immediately, and it will be available as a free software update this fall. "tvOS 17 transforms the biggest screen in the home with FaceTime and new video conferencing capabilities, giving Apple TV 4K users the ability to easily connect with anyone right from their living room," said Bob Borchers, Apple's vice president of Worldwide Product Marketing. "New features and enhancements make Apple TV simpler to use and even more enjoyable, reinforcing it as the absolute best option in the living room for Apple customers."
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AAPL | Hot Stocks14:24 EDT Apple previews macOS Sonoma - Apple previewed macOS Sonoma, the "latest version of the world's most advanced desktop operating system." Apple said: "Stunning screen savers and powerful widgets unlock an entirely new way to personalize. Users can now place widgets right on the desktop, interact with them with just a click, and through the magic of Continuity, access the extensive ecosystem of iPhone widgets on their Mac. In macOS Sonoma, video conferencing also gets more engaging with great new features to help users present remotely, like Presenter Overlay, which places a presenter on top of the content being shared, and Reactions, which enables fun gesture-triggered video effects in cinematic quality. Significant updates come to Safari(R), taking the web experience to the next level. Profiles keeps browsing separate between multiple topics or projects, and web apps provide faster access to favorite sites. And gaming gets even better, with the introduction of Game Mode, exciting new titles, and a new game porting toolkit that makes it even easier for developers to bring more games to Mac." The developer beta of macOS Sonoma is available through the Apple Developer Program starting today, and a public beta will be available through the Apple Beta Software Program next month. The release will be available as a free software update this fall.
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AAPL | Hot Stocks14:24 EDT Apple says users control Vision Pro with eyes, hands, voice - Says surroundings become "infinite canvas" with Vision Pro.
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AAPL | Hot Stocks14:24 EDT Apple says Vision Pro is a 'new kind of computer' - Says Vision Pro augments reality by "seamlessly" blending digital world with real world. Says Vision Pro lets users use apps anywhere and make them "any size you want."
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AAPL | Hot Stocks14:23 EDT Apple announces watchOS 10 for Apple Watch - Apple previewed watchOS 10, bringing Apple Watch users a "fresh approach to quickly view information with redesigned apps, a new Smart Stack to show relevant widgets right when they're needed, and delightful new watch faces." New metrics, Workout Views, and Bluetooth connectivity for power meters, speed sensors, and cadence sensors arrive for cyclists, while new Compass Waypoints and Maps capabilities further help hikers. The Mindfulness app offers additional tools to support mental health. watchOS 10 is available as a developer beta immediately, and will be available as a free software update this fall. "watchOS is the world's most advanced wearable operating system, and it has redefined how people all over the world think of what a watch can do," said Kevin Lynch, Apple's vice president of Technology. "watchOS 10 is a major milestone and an energizing new approach for Apple Watch, introducing a fresh new design for quickly viewing information, delightful new watch faces, new features for cyclists and hikers, and important tools for health."
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AAPL | Hot Stocks14:23 EDT Apple unveils iPadOS 17 with redesigned Lock Screen - Apple previewed iPadOS 17, that it says delivers "entirely new ways for users to personalize the Lock Screen and interact with widgets." Apple stated: "Working with PDFs is easier with AutoFill, which intelligently identifies and fills fields in forms, and Notes brings a new experience for marking up and collaborating on PDFs. Messages gets significant updates, including a new stickers experience, and users can now leave FaceTime video and audio messages. The Health app comes to iPad with interactive charts, and HealthKit enables developers to create innovative experiences designed for the iPad display. iPadOS 17 is available as a developer beta today, and will be available as a free software update this fall."
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AAPL | Hot Stocks14:22 EDT Apple unveils new mixed reality headset Apple Vision Pro
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AAPL | Hot Stocks14:22 EDT Apple announces new health features in iOS 17, iPadOS 17 and watchOS 10 - Apple announced new health features in iOS 17, iPadOS 17, and watchOS 10, expanding into "two impactful areas and providing innovative tools and experiences across platforms," the company stated. "New mental health features allow users to log their momentary emotions and daily moods, see valuable insights, and easily access assessments and resources. iPhone(R), iPad(R), and Apple Watch(R) offer new vision health features that encourage healthy behaviors that help reduce the risk of myopia, and the Health app comes to iPad, giving users new ways to see their health data. All of these new features - and existing health features - are grounded in science and built with privacy at the core," Apple said.
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AAPL | Hot Stocks14:21 EDT Apple says new OS releases available to users this Fall
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AAPL | Hot Stocks14:20 EDT Apple updates Safari Private Browsing, Communication Safety, and Lockdown Mode - Apple announced its latest privacy and security innovations, including "major updates" to Safari Private Browsing, Communication Safety, and Lockdown Mode, as well as app privacy improvements. Additionally, Apple introduced new features designed with privacy and security at their core, including Check In, NameDrop, and Live Voicemail. "These new efforts are the latest manifestation of Apple's deeply held belief that privacy is a fundamental human right and that good privacy is built on a foundation of strong security," Apple stated.
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AAPL | Hot Stocks14:12 EDT Apple says WatchOS comes with new Cycling features - Says new Apple Watch can now connect to Bluetooth-enabled power sensors.
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AAPL | Hot Stocks14:09 EDT Apple says WatchOS 10 comes with improved widget display - Says WatchOS 10 also comes with redesigned apps.
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AAPL | Hot Stocks14:08 EDT Apple unveils Apple WatchOS 10
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AAPL | Hot Stocks14:05 EDT Apple says FaceTime app coming to Apple TV - Says new FacTime app on TV uses Continuity Camera on iPhone or iPad.
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AAPL | Hot Stocks14:03 EDT Apple says bringing iPhone SharePlay to cars
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AAPL | Hot Stocks14:02 EDT Apple launching AirPlay support in hotels - Says pairing iPhone with hotel AirPlay involves scanning a QR code. Says AirPlay will be available in select hotels by the end of the year.
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LUMN | Hot Stocks14:02 EDT Lumen Technologies trading resumes
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AAPL | Hot Stocks13:59 EDT Apple announces Adaptive Audio coming to AirPods - Says Adaptive Audio blends transparency and active noise cancellation to match user surroundings.
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BTC... | Hot Stocks13:54 EDT Binance says SEC enforcement action 'unjustified' - Binance issued a statement in response to the SEC complaint made public today, stating in part: "Today's action by the U.S. Securities and Exchange Commission (SEC) comes after extensive cooperation and recent good-faith negotiations. We are disappointed that the SEC chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief. We now join a number of other crypto projects facing similarly misguided actions from the SEC and we will vigorously defend our business and the industry. We want to be clear that while we take the allegations in the SEC's complaint seriously, they should not be the subject of an SEC enforcement action, let alone on an expedited basis. They are unjustified. From the start, we have actively cooperated with the SEC's investigations and we have engaged in good-faith discussions to reach a negotiated settlement to resolve those investigations. The SEC's suit today demonstrates their recalcitrance to engage with us substantively to resolve such concerns. Today, despite our efforts at productive engagement, the SEC abandoned and denied us due process, and instead unilaterally chose to litigate. We respectfully disagree with the SEC's allegations that Binance operated as an unregistered securities exchange or illegally offered and sold securities, including by offering BNB, or the BUSD fiat-backed stable coin... Further, although it is at this time unclear whether the SEC will follow through, the SEC's complaint suggests a desire to seek emergency relief in the future. There is no valid basis on which the SEC would be entitled to emergency relief... Because of our size and global name recognition, Binance has found itself an easy target caught in the middle of a U.S. regulatory tug-of-war. The SEC's own actions throughout this matter reveal its hasty approach to this investigation... The SEC's unreasonable and unfair approach has left us with no choice but to defend our business... We want to reiterate: although this glaring lack of process and cooperation is frustrating, what is most concerning to us is the fact that the SEC appears to have given no consideration to the drastic and cascading negative impact its actions today may have on users and the industry. User security has always been paramount to Binance, and although we will do everything we can to continue to provide that security to our users, any subsequent ripple effects through the platform and the industry will be directly attributable to the SEC's unjustified decision to unilaterally litigate on a purported emergency basis today. The SEC's choice is disheartening for Binance, its users, and the industry as a whole. However, this action will not stop us from continued robust collaboration with other regulators and policymakers across the globe, and we will continue to vigorously defend our business and this technology."
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AAPL | Hot Stocks13:54 EDT Apple adding AR video effects to video meetings - Says macOS Sonoma allows video overlay features while sharing screen in video chats.
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AAPL | Hot Stocks13:52 EDT Kojima Productions 'actively working' to bring future titles to Apple platforms
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AAPL... | Hot Stocks13:51 EDT Apple announces 'Game Mode' for macOS Sonoma - Apple (AAPL) says games like Capcom's (CCOEY) "Resident Evil Village" fully upscaled for macOS. Says Game Mode "significantly" reduces input latency for Xbox (MSFT) and PlayStation (SONY) controllers. Says Kojima Productions' 2021 game "Death Stranding: Director's Cut" coming to Mac. Says new Game Porting Toolkit coming to Mac this year.
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AAPL | Hot Stocks13:45 EDT Apple unveils macOS Sonoma - Says new features on iOS and iPadOS will be "great" on macOS.
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LUMN | Hot Stocks13:43 EDT Lumen sees revenue and adjusted EBITDA 'stability' in 2024, growth thereafter - Lumen Technologies is providing an update on its strategy to reposition Lumen for growth at its 2023 investor day, by outlining both near-term and long-term financial targets, the company announced in a press release coinciding with the event. "Lumen is well-positioned to monetize its most irreplaceable asset: its state-of-the-art fiber network with broad coverage and unmatched route diversity and scalability. The company is making intentional investments aligned to growth markets, while being mindful of costs. Lumen is leveraging the experience and expertise of its talented team to execute its strategy and deliver on its transformation. The company is driving financial outcomes by making material improvements in the business and believes it is well positioned to achieve revenue and adjusted EBITDA stability in 2024 and growth thereafter," the company stated. "Lumen is in the midst of a transformation that is driven by a new mission and clear strategy. Our reconstructed and highly experienced management team is executing with urgency to win in the digital era, and the momentum we have gained in our turnaround thus far is visible. As we look ahead, we are energized by the progress we continue to make, and we are confident the best is yet to come at Lumen," added Kate Johnson, president and CEO of Lumen.
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AAPL | Hot Stocks13:42 EDT Apple says iPadOS 17 can identify fields in a PDF for auto-filling
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AAPL | Hot Stocks13:40 EDT Apple bringing Health app to iPad OS 17 for first time - Says new Health app on iPad can show health data on a much bigger screen.
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LUMN | Hot Stocks13:40 EDT Lumen Technologies trading halted, news pending
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STET | Hot Stocks13:39 EDT ST Energy Transition I to dissolve and liquidate - ST Energy Transition I announced that due to the company not consummating an initial business combination within the time period required by its amended and restated bye-laws, the board of directors of the company has elected to dissolve and liquidate the company in accordance with the provisions of its charter. Net of taxes and dissolution expenses, the per-share redemption price for the public shares is expected to be approximately $10.48 based upon the amount held in the trust account as of May 31, 2023, which was $301,477,161. The company anticipates that the public shares, as well as the company's publicly traded units, will cease trading as of the close of business on June 7.
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AAPL | Hot Stocks13:38 EDT Apple unveils iPadOS 17 - Says bringing lockscreen experience to iPad.
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AAPL | Hot Stocks13:33 EDT Apple says iOS 17 comes with Standby feature - Says Standby feature lets users turn iPhones on their sides to reveal a clock screen with other related features.
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TMDIF MDT | Hot Stocks13:32 EDT Titan Medical announces asset purchase and license agreement with Medtronic - Titan Medical (TMDIF) announced that the company has entered into an asset purchase and license agreement with Medtronic (MDT) for an upfront payment of $8.0M in respect of certain intellectual property, or "IP," of Titan. Under the terms of the agreement, Titan has sold to Medtronic the patents previously exclusively licensed by Titan to Medtronic under a license agreement dated June 3, 2020 and under a development and license agreement dated June 3, 2020, and granted Medtronic a non-exclusive license to certain other Titan intellectual property, excluding the acquired rights. Medtronic has granted Titan a limited non-exclusive license back to the acquired rights and Titan retains ownership of the licensed IP, along with the associated rights including the right to continue to develop and commercialize the technologies covered by the licensed IP and the right to further license the licensed IP to other third parties, Titan stated.
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AAPL | Hot Stocks13:32 EDT Apple unveils Journal feature, a new iOS 17 app - Says Journal lets iPhone create personalized suggestions to help users with their writing. Says users control what they include as part of personalized suggestions.
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AAPL | Hot Stocks13:30 EDT Apple unveils enhanced Autocorrect features - Says updated Autocorrect now leverages tranformer model in Messages keyboard. Says new Autocorrect now has more accurate dictation engine and better, more personalized predictive text.
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AAPL | Hot Stocks13:28 EDT Apple announces NameDrop, a contact swap feature - Says feature allows users to touch iPhones to exchange contact info. Says NameDrop available on iPhone and Apple Watch. Says expansion of AirDrop range coming.
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GTLB CXM | Hot Stocks13:26 EDT Notable companies reporting after market close - Notable companies reporting after the market close, with earnings consensus, include GitLab (GTLB), consensus (14c)... Sprinklr (CXM), consensus 1c.
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AAPL | Hot Stocks13:23 EDT Apple unveils iOS 17 with updated Phone, FaceTime apps - Says Phone app now comes with personalized contact posters. Says FaceTime with iOS 17 also allows for voicemails. Says iOS 17 to also include live voicemail, with live transcription of voicemail in real time. Says new location sharing lets users track contacts better.
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AAPL | Hot Stocks13:19 EDT Apple unveils MacBook Air, 'the world's best 15-inch laptop' - Apple introduced the 15-inch MacBook Air, which it dubs "the world's best 15-inch laptop." Apple stated: "With an expansive 15.3-inch Liquid Retina display, the incredible performance of M2, up to 18 hours of battery life, and a silent, fanless design, the new MacBook Air brings power and portability - all in the world's thinnest 15-inch laptop. With an all-new six-speaker sound system, the 15-inch MacBook Air delivers immersive Spatial Audio, along with a 1080p FaceTime HD camera, MagSafe charging, and the power and ease of macOS Ventura for an unrivaled experience. Customers can order starting today, with availability beginning Tuesday, June 13. The 13-inch MacBook Air with M2 gets a new starting price of $1,099 - $100 less than before - to deliver even more value and choice to everyone, from upgraders to first-time Mac customers."
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AAPL | Hot Stocks13:19 EDT Apple unveils new Mac Studio, brings Apple silicon to Mac Pro - Apple introduced the new Mac Studio and Mac Pro. "Mac Studio features M2 Max and the new M2 Ultra, delivering a huge boost in performance and enhanced connectivity in its stunningly compact design. Mac Studio is up to 6x faster than the most powerful Intel-based 27-inch iMac, and up to 3x faster than the previous-generation Mac Studio with M1 Ultra. Mac Pro, now featuring M2 Ultra, combines the unprecedented performance of Apple's most powerful chip with the versatility of PCIe expansion. Mac Pro is up to 3x faster than the previous-generation Intel-based model.3 Featuring up to 192GB of unified memory, Mac Studio with M2 Ultra and Mac Pro have far more memory than the most advanced workstation graphics cards, taking on demanding workloads other systems can't even process. The new Mac Pro completes the Mac transition to Apple silicon and, together with the rest of Apple's pro systems, gives users the most powerful and capable lineup of pro products Apple has ever offered. Mac Studio and Mac Pro are available to order today, with availability beginning Tuesday, June 13." "The new Mac Studio and Mac Pro with Apple silicon are the two most powerful Macs we've ever made," said John Ternus, Apple's senior vice president of Hardware Engineering.
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AAPL | Hot Stocks13:18 EDT Apple introduces M2 Ultra - Apple announced M2 Ultra, a new system on a chip "that delivers huge performance increases to the Mac and completes the M2 family. M2 Ultra is the largest and most capable chip Apple has ever created, and it makes the new Mac Studio and Mac Pro the most powerful Mac desktops ever made. M2 Ultra is built using a second-generation 5-nanometer process and uses Apple's groundbreaking UltraFusion technology to connect the die of two M2 Max chips, doubling the performance." "M2 Ultra delivers astonishing performance and capabilities for our pro users' most demanding workflows, while maintaining Apple silicon's industry-leading power efficiency," said Johny Srouji, Apple's senior vice president of Hardware Technologies. "With huge performance gains in the CPU, GPU, and Neural Engine, combined with massive memory bandwidth in a single SoC, M2 Ultra is the world's most powerful chip ever created for a personal computer."
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AAPL | Hot Stocks13:17 EDT Apple says new Mac Studio starts at $1,999, Mac Pro starts at $6,999 - Says new Mac Studio and Mac Pro both available next week, with pre-orders starting today.
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AAPL | Hot Stocks13:15 EDT Apple unveils Mac Pro with Apple Silicon - Says new Mac Pro comes with M2 Ultra chip.
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AAPL | Hot Stocks13:12 EDT Apple unveils new Mac Studio with M2 Max, M2 Ultra chips - Says Mac Studio getting "first big update." Says Mac Studio now getting M2 Max chip and M2 Ultra chip. Says M2 Ultra connects two M2 Max chips together and doubles performance of M2 Max. Says M2 Ultra can support 192GB of unified memory.
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AAPL INTC | Hot Stocks13:10 EDT Apple says new Macbook Air starts at $1,299, available next week - Apple (AAPL) says new Macbook Air has 1080p camera, a new mic array, and improved sound quality with spatial audio. Says Macbook Air powered by new M2 chip. Says Air 12x fastest than fantest Intel-based (INTC) Macbook Air. Says 13-inch MacBook Air with M2 now starts at $1,099.
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AAPL | Hot Stocks13:06 EDT Apple unveils new 15-inch Macbook Air - Says new Air is the world's thinnest 15-inch laptop. Says new Air comes in four finishes, including midnight and starlight. Says new Air has liquid retina display. Comments taken from the company's Worldwide Developers Conference.
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JNJ | Hot Stocks13:03 EDT Janssen presents longer-term data for Tecvayli - The Janssen Pharmaceutical Companies of Johnson & Johnson announced long-term data from the pivotal Phase 1/2 MajesTEC-1 study showing the sustained efficacy and safety of Tecvayli in the treatment of patients with relapsed or refractory multiple myeloma who are triple-class exposed and previously received treatment with three or more prior lines of therapy. These results showed that nearly half of patients achieved a complete response or better, which underscore the continued durable responses seen in this patient population, the company stated. These data were featured at the 2023 American Society of Clinical Oncology, or ASCO, Annual Meeting along with additional poster presentations from MajesTEC-1 featuring data on the durability of responses with Tecvayli biweekly dosing as well as an evaluation of the use of tocilizumab, given prophylactically, to examine potential reduction of cytokine release syndrome in the management of RRMM patients treated with Tecvayli. Extended follow-up data from the pivotal Phase 1/2 MajesTEC-1 study of Tecvayli demonstrate an overall response rate, or ORR, of 63%, with responses that continued to deepen over time. More than 45% of patients have now achieved a CR or better, and median time to CR or better was 4.6 months. The minimal residual disease negativity rate by Day 100 from first dose of Tecvayli in evaluable patients was 81%.
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HTGM | Hot Stocks12:42 EDT HTG Molecular trading halted, news pending
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GILD | Hot Stocks12:34 EDT Gilead: Trodelvy delivered meaningful improvement in median OS in study - Gilead Sciences announced longer-term overall survival results from the Phase 3 TROPiCS-02 study evaluating Trodelvy versus comparator chemotherapy in patients with HR+/HER2- metastatic breast cancer who received endocrine-based therapies and at least two chemotherapies. In this exploratory analysis, Trodelvy demonstrated a clinically meaningful improvement in median OS benefit compared to TPC. These findings will be shared as an oral presentation at the 2023 American Society of Clinical Oncology Annual Meeting. "These longer-term results show the durable overall survival benefit of sacituzumab govitecan over traditional chemotherapy in pre-treated HR+/HER2- metastatic breast cancer," said Sara Tolaney, MD, MPH, Chief of the Division of Breast Oncology at the Dana-Farber Cancer Institute, and Associate Professor of Medicine, Harvard Medical School. Progression-free survival rates for Trodelvy vs. TPC were consistently higher at landmark milestones of 6, 12 and 18 months, Gilead said. Similarly, OS rates for Trodelvy vs. TPC were consistently higher at landmark milestones of 12, 18, and 24 months. Ninety-two percent of patients in TROPiCS-02 were also eligible for evaluation of OS by HER2 status, as measured by immunohistochemistry. Patients treated with Trodelvy demonstrated improved OS versus TPC in both the HER2 IHC0 and HER2-low groups. Trodelvy was approved in February 2023 by the U.S. Food and Drug Administration for the treatment of adult patients with unresectable locally advanced or metastatic HR+/HER2- breast cancer who have received endocrine-based therapy and at least two additional systemic therapies in the metastatic setting. The European Medicines Agency has also validated a Type II Variation Marketing Authorization Application for Trodelvy in HR+/HER2- metastatic breast cancer.
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TSLA | Hot Stocks12:31 EDT Tesla 'happy' to license Autopilot/FSD or other Tesla technology, says Elon Musk - Tesla CEO Elon Musk said via Twitter that Tesla "aspires to be as helpful as possible to other car companies. We made all our patents freely available several years ago. Now, we are enabling other companies to use our Supercharger network. Also happy to license Autopilot/FSD or other Tesla technology." Reference Link
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PAG | Hot Stocks12:25 EDT Penske Automotive acquires Transolutions Truck Centres, terms not disclosed - Penske Automotive Group announced that it has acquired Transolutions Truck Centres, a retailer of medium and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba, Canada. With this acquisition, Premier Truck Group, the company's wholly-owned commercial truck subsidiary, continues to expand and complement its operations in Canada by establishing a presence in an additional Canadian province. TSTC consists of five locations throughout the greater Winnipeg market, including three full-service dealerships and two parts & service centers. TSTC sells and services Freightliner Trucks, Western Star Trucks and Thomas Built Buses, and is the licensed dealer for SelecTrucks, Daimler Truck's used vehicle brand, for the entire territory of Manitoba. The TSTC acquisition is expected to add 73 service bays, 59 technicians and approximately 200 new members to the Premier Truck Group team. The acquisition is expected to generate approximately $180M in annualized revenue. With the inclusion of the TSTC facilities, Premier Truck Group now operates 44 locations throughout North America. Commenting on the acquisition, Premier Truck Group President Ron Long said, "We are thrilled to expand our North American presence with the Freightliner, Western Star and Thomas Built Bus brands. For more than 30 years, Transolutions Truck Centers has built a strong legacy of providing quality service to customers across Manitoba. We look forward to continuing their legacy and welcome TSTC to the Premier Truck Group team."
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BMY | Hot Stocks12:15 EDT Bristol-Myers, MEDiC Life Sciences collaborate on tumor target discovery - MEDiC Life Sciences entered into a research collaboration with Bristol Myers Squibb. In the collaboration, MEDiC is using its scalable 3-dimensional tumor models to perform CRISPR functional genomics screens in solid tumor indications of interest to Bristol Myers Squibb. MEDiC is also using its immune cell and tumor cell co-culture platform to identify novel genes relevant to immune cell killing of cancer cells. Under the terms of the agreement, MEDiC will receive upfront payments for the research collaboration and will be eligible for additional option payments on a target-by-target basis. MEDiC is also eligible for future development and regulatory milestone payments.
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PGTI | Hot Stocks12:02 EDT PGT Innovations acquires 25% remaining ownership interest in Eco Enterprises - PGT Innovations has acquired the remaining outstanding 25% ownership interest in Eco Enterprises, a brand of aluminum, impact-resistant windows and doors primarily serving the south Florida region, with manufacturing and glass processing facilities in Miami, FL. PGT Innovations first acquired 75% ownership stake in Eco in 2021 to accelerate revenue growth, expand margins, and strengthen supply chain by adding glass production capacity, while diversifying and bolstering product lines to provide opportunities in residential and commercial markets.
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PDSB | Hot Stocks12:01 EDT PDS Biotechnology Corp trading resumes
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KOLD | Hot Stocks12:00 EDT ProShares UltraShort Bloomberg Natural Gas falls -9.7% - ProShares UltraShort Bloomberg Natural Gas is down -9.7%, or -$8.59 to $80.31.
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TG | Hot Stocks12:00 EDT Tredegar falls -12.5% - Tredegar is down -12.5%, or -96c to $6.70.
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EPAM | Hot Stocks12:00 EDT Epam Systems falls -18.1% - Epam Systems is down -18.1%, or -$47.05 to $212.59.
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DBRG | Hot Stocks12:00 EDT DigitalBridge rises 10.3% - DigitalBridge is up 10.3%, or $1.32 to $14.16.
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GETY | Hot Stocks12:00 EDT Getty Images rises 21.2% - Getty Images is up 21.2%, or $1.01 to $5.77.
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CIR | Hot Stocks12:00 EDT Circor rises 50.7% - Circor is up 50.7%, or $16.05 to $47.73.
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PUBGY | Hot Stocks11:55 EDT Publicis acquires Corra, terms not disclosed - Publicis announced the acquisition of Corra, an ecommerce company in North America. Corra will become part of Publicis Sapient, Publicis Groupe's digital business transformation company, and will augment Publicis Sapient's existing expertise in commerce solutions, including Adobe Commerce and MACH Alliance composable commerce solutions, while extending Publicis Sapient's offerings in digital and omnichannel commerce. In addition, Corra will bring dedicated resources that span many of Publicis Sapient's SPEED (Strategy, Product, Experience, Engineering and Data & AI) capabilities. The Corra team will join Publicis Sapient, with CEO Ron Bongo and co-owners CTO Michael Harvey and President Rachel Weir reporting into the company's Commerce practice leadership. "The acquisition of Corra marks a continuation of our strategic investment in the dynamic commerce space," said Arthur Sadoun, Chairman and CEO of Publicis Groupe. "Alongside the digital business transformation capabilities of Publicis Sapient and the impressive Adobe commerce suite, Corra only further accelerates our unique ability to connect brands via industry-leading technology services and solutions." The terms of the deal were not disclosed.
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SAFRY RTX | Hot Stocks11:49 EDT Safran confirms talks with Raytheon on Flight Controls and Actuation unit - Safran issued a notice to the market, in which it states in part: "Following press information, Safran confirms that it is in discussions for the acquisition potential of certain Raytheon Flight Controls and Actuation Business Technologies, as part of a competitive process. At this stage, it is not possible to assess the possibility of the outcome of these discussions nor to specify the terms of a possible agreement. If necessary, precise information on the elements of a possible transaction would be communicated in good time." Reference Link
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BTC... | Hot Stocks11:39 EDT SEC files 13 charges against Binance entities and founder Changpeng Zhao - The Securities and Exchange Commission charged Binance Holdings Ltd., which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc., which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations. Among other things, the SEC alleges that, while Zhao and Binance publicly claimed that U.S. customers were restricted from transacting on Binance.com, Zhao and Binance in reality subverted their own controls to secretly allow high-value U.S. customers to continue trading on the Binance.com platform. Further, the SEC alleges that, while Zhao and Binance publicly claimed that Binance.US was created as a separate, independent trading platform for U.S. investors, Zhao and Binance secretly controlled the Binance.US platform's operations behind the scenes. "Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law. As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied. They attempted to evade U.S. securities laws by announcing sham controls that they disregarded behind the scenes so that they could keep high-value U.S. customers on their platforms. The public should beware of investing any of their hard-earned assets with or on these unlawful platforms," said SEC Chair Gary Gensler. The SEC also alleges that Zhao and Binance exercise control of the platforms' customers' assets, permitting them to commingle customer assets or divert customer assets as they please, including to an entity Zhao owned and controlled called Sigma Chain. Publicly traded companies in the cryptocurrency space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF). Reference Link
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PDSB | Hot Stocks11:36 EDT PDS Biotechnology Corp trading halted, volatility trading pause
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GILD | Hot Stocks11:28 EDT Kite's Yescarta CAR T-cell therapy shows longer OS vs. SOC in study - Kite, a Gilead Company, announces detailed results from the overall survival analysis of the landmark Phase 3 ZUMA-7 study of Yescarta CAR T-cell therapy compared with historical standard of care as initial treatment in the curative setting for patients with relapsed or refractory large B-cell lymphoma. Yescarta is the first treatment in nearly 30 years to demonstrate a significant improvement in survival in this patient population. The late-breaking data are being presented orally at the 2023 American Society of Clinical Oncology Annual Meeting and published simultaneously in the New England Journal of Medicine. With a median follow-up of 4 years, a one-time treatment with Yescarta demonstrated significantly longer overall survival compared to SOC with a 27.4% reduction in the risk of death, which corresponds to a 38% relative improvement in overall survival, for patients with R/R LBCL within 12 months completion of first-line therapy. "As the first treatment in nearly three decades to significantly improve survival for patients with relapsed/refractory large B-cell lymphoma, axi-cel can potentially change the standard of care for these patients who previously had very limited options for successful curative therapy," said Jason Westin, MD, MS, FACP, ZUMA-7 Principal Investigator, Director, Lymphoma Clinical Research, and Associate Professor, Department of Lymphoma/Myeloma at The University of Texas MD Anderson Cancer Center. "The totality of the ZUMA-7 data provides a compelling case for axi-cel to be used as soon as patients with large B-cell lymphoma do not respond to or relapse from first-line treatment."
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LEGN | Hot Stocks11:18 EDT Legend Biotech says cilta-cel reduced risk of disease progression, death - Legend Biotech announced that results from the Phase 3 CARTITUDE-4 study showed that, at a median follow up of 16 months, cilta-cel reduced the risk of disease progression or death by 74 percent compared to standard of care regimens in adult patients with multiple myeloma who have received one to three prior lines of therapy and are refractory to lenalidomide. The study data were featured in a press briefing and presented in an oral session at the 2023 American Society of Clinical Oncology Annual Meeting and were presented in the New England Journal of Medicine. On Saturday, June 10, 2023, results will also be presented in a plenary session at the 2023 European Hematology Association Hybrid Congress. Eligible patients in the CARTITUDE-4 study had one to three prior lines of treatment, including proteasome inhibitors and immunomodulatory drugs and were lenalidomide-refractory. Four hundred and nineteen patients were randomized, with 208 patients in the cilta-cel arm and 211 patients in the SOC arm. At the median follow up of 16 months, the median PFS had not yet been reached in the cilta-cel arm, compared to a median PFS of 11.8 months in the SOC arm. In patients who had one prior line of therapy, there was a 65 percent reduction in the risk of disease progression or death. Among the secondary endpoints, the overall response rate was 85 percent, 73 percent achieved a complete response or better, and the rate of overall minimal residual disease negativity reached 61 percent in the cilta-cel arm.1 Among patients treated with SOC therapies, the ORR was 67 percent, and 22 percent achieved a CR or better, while 33 percent of patients treated with SOC therapies were MRD negative. In the study, 97 percent and 94 percent of patients treated in the cilta-cel and SOC groups, respectively, had grade 3 or 4 adverse events, including infections and cytopenias. Overall, 39 patients in the cilta-cel arm and 46 patients in the SOC arms died, of which 10 cilta-cel and 5 SOC patients passed due to treatment-emergent adverse events. In patients who received cilta-cel as study treatment, 76 percent had cytokine release syndrome and 5 percent had immune effector cell associated neurotoxicity syndrome. One grade 1 movement and neurocognitive treatment-emergent adverse event was reported in the cilta-cel group. A final analysis of data from the Phase 1b/2 CARTITUDE-1 study showed sustained deep and durable responses in heavily pretreated patients with relapsed or refractory multiple myeloma treated with cilta-cel. At a median follow-up of 33.4 months, the median PFS was 34.9 months, with an estimated 47.5 percent of patients progression-free and alive at 36 months. In the study, 97 patients received cilta-cel, with a median of six prior lines of therapy.2 Forty-two percent of patients were penta-drug refractory, 88 percent were triple-class refractory and 99 percent were refractory to the last line of treatment. At data cut-off, the median duration of response was 33.9 months. Median overall survival was not reached in the study, with an estimated 62.9 percent OS rate at 36 months. Of 49 MRD-evaluable patients, 26 had MRD-negativity sustained for 12 months or longer, of which 20 had a sustained MRD-negative CR or better. Eighteen patients were MRD-negative with a CR or better at 24-months post infusion. No new safety signals and no new neurotoxicity events were reported since the 27.7-month median follow-up. Six new cases of second primary malignancy were reported, including two cases of basal cell carcinoma and one case each of myelodysplastic syndrome, B-cell lymphoma, melanoma and prostate cancer. Five additional deaths occurred in the study for a total of 35 deaths in the study.
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JNJ | Hot Stocks11:16 EDT FDA revokes EUA for J&J's Covid-19 vaccine - The FDA said last week: "On May 22, 2023, Janssen Biotech, Inc. requested the voluntary withdrawal of the emergency use authorization of the Janssen COVID-19 Vaccine. Janssen Biotech, Inc. informed the FDA that the last lots of the vaccine purchased by the U.S. Government have expired, there is no demand for new lots of the vaccine in the U.S., and they do not intend to update the strain composition of this vaccine to address emerging variants. On June 1, 2023, FDA revoked the EUA for this vaccine." Reference Link
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EBAY | Hot Stocks11:15 EDT eBay, Techstars announce partnership to launch accelerator program - eBay and Techstars announced Techstars Future of Ecommerce powered by eBay, a new accelerator program designed to support startups working on innovative technologies. "eBay's purpose is to connect people and build communities to create economic opportunity for all," said Beatriz Reyero, Global VP of Corporate Strategy and Investments at eBay. "We're excited to collaborate with Techstars to support and empower innovative startups that are leveraging groundbreaking technologies to redefine the ecommerce landscape." The 13-week accelerator program will be hybrid. Reference Link
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JNJ | Hot Stocks11:12 EDT Janssen announces results from Phase 3 CARTITUDE-4 study of Carvykti - The Janssen Pharmaceutical Companies of Johnson & Johnson announced that results from the Phase 3 CARTITUDE-4 study showed Carvykti reduced the risk of disease progression or death by 74% compared to two standard of care treatment regimens, pomalidomide, bortezomib and dexamethasone or daratumumab, pomalidomide and dexamethasone, in adults with relapsed and lenalidomide-refractory multiple myeloma who received one to three prior lines of therapy. These data were featured in the press program and as an oral presentation in a special session at the 2023 American Society of Clinical Oncology, or ASCO, Annual Meeting and were simultaneously published in The New England Journal of Medicine. The results will also be presented at the European Hematology Association Hybrid Congress as part of the plenary session on Saturday, June 10. The CARTITUDE-4 study is the first randomized study investigating the efficacy of a cell therapy as early as after first relapse in multiple myeloma, the company noted. The Phase 3 CARTITUDE-4 study included patients who received one to three prior lines of therapy, including a proteasome inhibitor and immunomodulatory agent, and were lenalidomide-refractory. Patients were randomized, and those in the Carvykti arm then underwent apheresis. In the Carvykti arm, 50% of patients were refractory to treatment with a PI and 23 percent were refractory to treatment with anti-CD38 therapies; in the SOC group, 46 percent and 21 percent of patients were refractory to PI and anti-CD38 therapies, respectively. 33% of patients in the Carvykti group received one prior line of treatment, compared to 32% of patients in the SOC group.
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WLBMF | Hot Stocks10:54 EDT Wallbridge Mining temporarily evacuates Fenelon camp amid forest fires - Wallbridge Mining has temporarily evacuated the camp at its 100% owned Fenelon Gold project and suspended all exploration activities on its Detour-Fenelon Gold Trend Property due to an emergency order from the Quebec Ministere des Ressources naturelles et des Forets prohibiting access to lands in the province impacted by forest fires. "Safety is of paramount importance at Wallbridge," said Marz Kord, President and CEO. "All of our employees and contractors' staff have been safely evacuated and we have taken appropriate measures to secure and mitigate risk to the Fenelon camp site. Exploration activities at Fenelon and our other projects will resume as soon as practicable.
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WIT | Hot Stocks10:36 EDT Wipro provides further details regarding buyback offer - Wipro Limited issued a public announcement in India providing further details regarding the buyback by the company of up to 269,662,921 fully paid-up equity shares of face value Rs. 2/- each of the company representing up to 4.91% of the total number of equity shares in the paid-up equity share capital of the company at a price of Rs. 445/- , or $5.421 per equity share payable in cash for an aggregate amount of up to Rs. 120,000,000,000/-. "The Buyback Size constitutes 20.95% and 17.86% of the aggregate of the fully paid-up Equity Share capital and free reserves of the Company as per the latest audited standalone and consolidated balance sheet, respectively, as at March 31, 2023. The Buyback will be conducted on a proportionate basis through the "tender offer" route as prescribed under the Securities and Exchange Board of India Regulations, 2018, as amended, and the Indian Companies Act, 2013, as amended, and rules made thereunder, including any statutory modifications or re-enactments thereof, from all holders of Equity Shares who hold Equity Shares as of Friday, June 16, 2023, the record date for the Buyback. The Buyback Size does not include any transaction costs viz. brokerage, applicable taxes such as Buyback tax, securities transaction tax, GST, stamp duty, expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India, advisors/legal fees, public announcement publication expenses and other incidental and related expenses, etc. Buyback tax does not form part of the Buyback Size and will be appropriated out of the free reserves of the Company. The Company's American Depositary Shares, or 'ADSs,' each representing one Equity Share, evidenced by American Depositary Receipts, or 'ADRs,' are traded in the U.S. on the New York Stock Exchange under the ticker symbol 'WIT.' In order for a holder of ADSs to participate in the Buyback, such holder will need to become a direct shareholder of the Company prior to the Record Date," the company stated.
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FRPT | Hot Stocks10:31 EDT JANA to continue to advocate for 'meaningful Board level change' at Freshpet - JANA Partners, which along with its affiliates and partners, owns 9.5% of Freshpet, issued the following statement responding to the resignation of Freshpet director David Basto and the Company's purported effort to engage with JANA. Barry Rosenstein, Managing Partner at JANA, commented, "We believe the Freshpet Board's latest bid to patch its fundamental governance issues with the smallest, halfhearted adjustment is yet another self-serving attempt to preserve the status quo. While the long overdue resignation of David Basto might cure a symptom, we believe the root cause of the Board's seeming dysfunction-rampant conflicts of interest, oversight failures, breaches of fiduciary duty, and entrenchment tactics-all remain unaddressed. We will continue to advocate for the meaningful Board level change required at Freshpet and remain open to a resolution that satisfactorily achieves it."On May 24, 2023, JANA announced that it will be nominating four candidates to Freshpet's Board at the Company's 2023 Annual Meeting, scheduled for July 25, 2023.
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OCFC | Hot Stocks10:19 EDT NestEgg completes strategic financing round - Nest Egg announced its latest round of financing, led by partners OceanFirst Bank and Republic Bancorp, Inc., as well as other strategic investors. Nest Egg's strategic funding will support the company in expanding its investment platform presence across the United States. Currently partnered with 11 financial institutions, Nest Egg services are accessible to nearly 1 million bank customers at over 100 locations in 12 states. Nest Egg is slated to finalize several new partnerships in 2023, continuing momentum gained in 2022 and early 2023.
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SHWZ | Hot Stocks10:18 EDT Schwazze completes acquisition of certain assets of Sucellus - Medicine Man Technologies, Inc., operating as Schwazze, has acquired certain assets of Sucellus, LLC, pursuant to which the Company will manage Everest Apothecary, a New Mexico not-for-profit corporation. The transaction includes retail dispensaries, cultivation, and manufacturing facilities. The acquisition of Everest increases the Company's retail consumer base and furthers Schwazze's growth strategy in the New Mexico market. Upon closing, Schwazze's New Mexico operations will include 32 dispensaries, four cultivations, two manufacturing facilities and over 400 employees statewide. The Everest brand complements Schwazze's existing retail brand in New Mexico, R. Greenleaf. Each serves a unique demographic, and both retail banners will continue to operate in the state. Established in 2016, Everest is a New-Mexico-based licensed medical and recreational cannabis provider that consists of 14 dispensaries, one cultivation facility and one manufacturing plant. The dispensaries are in Albuquerque, Santa Fe, Las Cruces, Los Lunas, Sunland Park, Belen, and Texico. Everest's cultivation and manufacturing facilities are both located in Albuquerque.
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BLKB | Hot Stocks10:17 EDT Blackbaud announces new wave of Intelligence for Good strategy - Blackbaud announced the launch of a major new wave of its Intelligence for Good strategy, with an extensive agenda of initiatives and investments to be implemented on a rolling basis over upcoming quarters targeted at making artificial intelligence more accessible, powerful and responsible across the social impact sector. While committing to the continued enhancement of existing features like AI-enabled prospecting and intelligent donation forms, Blackbaud will expand into new areas including automated generation of stewardship documents and assisted learning targeted at driving an exponential increase in the productivity of social impact organizations. At the heart of Blackbaud's next-generation AI strategy is a commitment to make AI more accessible to social impact organizations by providing complete, ready-made solutions that address specific challenges related to the optimization of fundraising, stewardship, corporate impact and education needs. Specifically, Blackbaud plans to announce an extensive set of new capabilities in 2023, including: AI for Peer-to-Peer Fundraisers: Enabling P2P participants to use Generative AI-based features to make sharing their own story easier and more effective for their fundraiser. AI for Online Giving: Providing a personalized experience to online donors through predictive AI capabilities. AI for Major Giving Officers: Expanding Prospect Insights to include AI-driven insights into planned and major giving vehicles and likelihood. AI for Donor Stewardship: Enabling organizations to automate the creation of key donor stewardship documents such as thank you notes through a built-in Generative AI experience. AI for Educators: Assisting teachers with personalized, AI-driven content that has appropriate guardrails to drive more classroom engagement. AI for School Administrators: Leveraging AI to automate review and recommendations of financial aid submissions. AI for Corporate Impact: Empowering Corporate Social Responsibility teams to capture, visualize and tell the story of their corporate social impact missions through inclusion of modern AI services. In addition to its increased investment in planned product enhancements to make AI more accessible to its customers, Blackbaud will accelerate the availability of partner solutions in the Blackbaud Marketplace. This includes nurturing and scaling an ecosystem of social impact-focused AI companies through its tech accelerator, the Social Good Startup Program.
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NSC | Hot Stocks10:13 EDT Norfolk Southern, SMART-TD reach sick leave agreement - Norfolk Southern Corporation and the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division announced that they have reached an agreement with representatives for their final group of craft employees - yardmasters - to provide up to seven paid sick days per year. The agreement will immediately provide nearly 300 Norfolk Southern yardmasters with four new days of paid sick leave per year while also offering them the flexibility to use up to three additional days of existing paid time off as sick leave. With this agreement, Norfolk Southern is the first Class I railroad to have negotiated paid sick leave agreements for 100 percent of its craft workforce. This final paid sick leave agreement for yardmasters builds on the momentum from the comprehensive quality-of-life package that Norfolk Southern and SMART-TD negotiated last month for another group of SMART-TD members - conductors and trainmen. The conductor and trainmen agreement, which included paid sick leave, was ratified by union membership last Friday.
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TUP VRA | Hot Stocks10:12 EDT Tupperware Brands, Vera Bradley launch latest limited-edition collection - Tupperware (TUP) and Vera Bradley (VRA) announce the launch of their latest limited-edition product collaboration. Building on the success of the popular 2022 collection, the two brands are back with another line of must-have Tupperware food and drinkware containers featuring two of Vera Bradley's newest patterns: Sea Air Floral and Cloud Vine Multi. Each of the vibrant floral prints are available in a reusable ECO Water Bottle, Snack Set, and Sandwich Keeper.
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IVBXF | Hot Stocks10:10 EDT Innovent Biologics, IASO Bio announce clinical data of equecabtagene autoleucel - IASO Biotechnology and Innovent Biologics jointly announced the updated data from phase 1b/2 study of Equecabtagene Autoleucel, a fully-human anti-B cell maturation antigen chimeric antigen receptor T-cell therapy for the treatment of relapsed and/or refractory multiple myeloma, was presented at the American Society of Clinical Oncology Annual Meeting in Chicago on June 2-6, 2023. CT103A is a chimeric antigen receptor T-cell therapy featuring fully human B-cell maturation antigen-targeting single-chain fragment variable antibody. The updated data showed long-term follow-up efficacy and safety of the phase 1b/2 study conducted in 14 centers in China. This study enrolled RRMM patients who received greater than or equal to 3 lines of prior therapies containing at least a proteasome inhibitor and an immunomodulatory agent and were refractory to their last line of treatment. As of the data cutoff date of September 9th, 2022, a total of 103 patients received CT103A at 1.0106 CAR-T cells/kg with the median follow-up of 13.8 months and median prior four lines of therapy. Among the 103 patients, 68.9% had high-risk cytogenetic abnormalities per mSMART 3.0, 12.6% had extramedullary multiple myeloma, and 11.7% had received prior CAR-T therapy. Equecabtagene Autoleucel showed deepening and durable efficacy: Among the 101 evaluable patients, the overall response rate was 96.0%, with 91.1% of those patients achieving very good partial response or deeper response, and the stringent complete response/ complete response rate was 74.3%. The median time to response was 16 days. The median duration of response and median progression free survival have not been reached. The 12-month PFS rate was 78.8%. 95.0% of patients achieved minimal residual disease negativity, and all CR/sCR patients achieved MRD negativity. 82.4% of patients achieved sustained MRD negativity over 12 months and the median duration of MRD negativity was not reached. In 89 patients without prior CAR-T therapy, ORR was 98.9%, including 78.7% of patients reaching CR/sCR. Of the 63 patients with greater than or equal to 12 months follow-up, ORR was 98.4% and 87.3% reached sCR/CR. Of the 12 patients with prior CAR-T therapy, 75% achieved response, and 5 patients achieved sCR. Equecabtagene Autoleucel demonstrated a favorable and manageable safety profile: Among the 103 patients, 93.2% experienced cytokine release syndrome. The majority experienced grade 1~2 CRS, with only one experiencing greater than or equal to grade 3 CRS. The median time to CRS onset was 6 days after infusion, and the median duration of CRS was 5 days. Only two patients experienced immune effector cell-associated neurotoxicity syndrome including one grade 1 and one grade 2 ICANS. All patients with CRS or ICANS have recovered. The most common greater than or equal to grade 3 treatment-related AEs were still hematologic. Equecabtagene Autoleucel demonstrated robust expansion and prolonged persistence and low immunogenicity: Equecabtagene Autoleucel in peripheral blood reached the peak at a median of 12 days post-infusion, with a median Cmax of 87570.6 copies/ug DNA. Equecabtagene Autoleucel was still detectable in 50% and 40% of the patients who completed 12-month and 24-month follow-ups after infusion. Only 19.4% of the subjects were anti-drug antibody-positive after Equecabtagene Autoleucel infusion.
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DLHC | Hot Stocks10:10 EDT DLH Holdings Corp. trading resumes
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RGC | Hot Stocks10:06 EDT Regencell Bioscience Holdings Ltd trading resumes
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TLSA | Hot Stocks10:05 EDT Tiziana reports reduction in microglial activation with intranasal foralumab - Tiziana Life Sciences announced a reduction in microglial activation as seen in 3-month Positron Emission Tomograpy scans that has now been seen in a total of 5 of the 6 patients with non-active secondary-progressive multiple sclerosis treated with intranasal foralumab in its Expanded Access program. Activated microglia are believed to play a prominent role in the pathogenesis of neuroinflammatory diseases including multiple sclerosis, Alzheimer's disease and amyotrophic lateral sclerosis. A reduction in microglial activation is associated with lowered inflammation in the brain. Inflammation in the brain drives the disease pathology in multiple sclerosis. In SPMS, inflammation in the brain occurs in microglia, the brain's immune cells, which drive the neurodegeneration of brain cells. During the inflammatory process associated with SPMS, microglia are involved in the destruction of myelin, the protective sheath covering of nerve fibers, and contribute to the formation of MS lesions. Tarun Singhal, M.B.B.S., M.D., Director of PET Imaging Program in Neurologic Diseases, associate neurologist and nuclear medicine physician at Brigham and Women's Hospital, a founding member of Mass General Brigham Healthcare System, and Assistant Professor of Neurology at Harvard Medical School, commented, "After review of the baseline and 3-month PET scans of the latest cohort of 4 Expanded Access patients, I have determined that 3 out of the 4 patients had a reduction in the microglial PET signal. When combined with my assessment of the first 2 Expanded Access patients, a total of 5 out of the 6 had a reduction in qualitative microglial PET signal, which appears to be clearly more significant than what we have identified in our test-retest assessments. I look forward to studying more patients, with full quantitation, and particularly, the next 4 patients in the Expanded Access program to see if this finding is replicated. We are preparing to submit the important results from this trial for publication."
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DLHC | Hot Stocks10:05 EDT DLH Holdings Corp. trading halted, volatility trading pause
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IPIX | Hot Stocks10:02 EDT Innovation Pharmaceuticals says BeaMed reports progress in StingRay development - Innovation Pharmaceuticals informs shareholders that BeaMed reported significant progress in the development of its StingRay Laser system. BeaMed has completed the manufacturing of its first-ever MRI compatible fiber optic probes, marking a major technical milestone in its development of an advanced laser technology with respect to shaping energy and matching it to patient specific anatomy, a novel concept that BeaMed is proving a reality resulting in a major milestone in the advancement of the StingRay System. The completion of these probes allows for comprehensive integration tests, involving the unique MRI compatible fiber optics, an MRI interface software suite, special algorithms to simplify damage estimation, and custom insertion tools, planned to commence in late June 2023. An initial area of emphasis of the StingRay System will be for the treatment of epilepsy. Epilepsy affects millions of people worldwide, causing recurrent seizures that significantly diminish their quality of life. Traditional treatment methods, such as medication and surgery, possess limitations and may not be effective for all patients. Recognizing the critical need for innovation, BeaMed has developed an advanced laser system designed to revolutionize epilepsy treatment. The StingRay System, invented and developed by BeaMed, utilizes a cutting-edge laser-based thermal ablation technology specifically tailored for the treatment of previously inoperable cases of epilepsy. By employing state-of-the-art technology, this novel system precisely targets and ablates seizure-triggering brain tissues. Through controlled delivery of laser energy in a minimally invasive manner, the StingRay System offers enhanced precision and customization to address each patient's unique condition.
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ELLO | Hot Stocks10:01 EDT Ellomay Capital trading resumes
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RGC | Hot Stocks10:01 EDT Regencell Bioscience Holdings Ltd trading halted, volatility trading pause
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KOLD | Hot Stocks10:00 EDT ProShares UltraShort Bloomberg Natural Gas falls -9.5% - ProShares UltraShort Bloomberg Natural Gas is down -9.5%, or -$8.41 to $80.49.
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RCUS | Hot Stocks10:00 EDT Arcus Biosciences falls -10.6% - Arcus Biosciences is down -10.6%, or -$2.22 to $18.79.
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EPAM | Hot Stocks10:00 EDT Epam Systems falls -16.8% - Epam Systems is down -16.8%, or -$43.63 to $216.02.
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BOWL | Hot Stocks10:00 EDT Bowlero rises 7.7% - Bowlero is up 7.7%, or 89c to $12.49.
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DBRG | Hot Stocks10:00 EDT DigitalBridge rises 8.8% - DigitalBridge is up 8.8%, or $1.14 to $13.97.
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CIR | Hot Stocks10:00 EDT Circor rises 49.7% - Circor is up 49.7%, or $15.75 to $47.42.
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ELLO | Hot Stocks09:56 EDT Ellomay Capital trading halted, volatility trading pause
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AGEN | Hot Stocks09:50 EDT Agenus presents 'positive' efficacy, safety outcomes for AGEN2373 at ASCO - Agenus presented complete results from the monotherapy arm of the first-in-human dose escalation study of AGEN2373 at the American Society of Clinical Oncology Annual Meeting. AGEN2373 demonstrated objective responses, clinical benefit, and was well tolerated in heavily pre-treated patients with solid tumors. "AGEN2373 has shown meaningful single agent activity and a favorable safety profile without evidence of liver toxicity in patients with heavily pretreated cold and immunotherapy resistant tumors," said Dr. Steven O'Day, MD, Chief Medical Officer at Agenus. AGEN2373 was administered intravenously at doses ranging from 0.03 mg/kg to 10 mg/kg in a cohort of 46 patients with advanced solid tumors and a median of 4 prior lines of therapy. Notable responses in the dose escalation study include: Confirmed partial response in a patient with vulvar squamous cell carcinoma who progressed on prior pembrolizumab; Confirmed partial response with complete resolution of the pancreatic lesion in a patient with ampullary carcinoma; Confirmed 38% reduction in target liver lesions in a castrate-resistant prostate cancer that was non-evaluable by RECIST due to palliative radiation for bone metastases.
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LSDI | Hot Stocks09:50 EDT Lucy Scientific Discovery Inc trading resumes
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KTTA | Hot Stocks09:50 EDT Pasithea Therapeutics Corp trading resumes
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XPDB | Hot Stocks09:50 EDT Power & Digital Infrstre Aqstn II Corp trading resumes
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TG | Hot Stocks09:47 EDT Tredegar falls -8.5% - Tredegar is down -8.5%, or -65c to $7.01.
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KOLD | Hot Stocks09:47 EDT ProShares UltraShort Bloomberg Natural Gas falls -10.4% - ProShares UltraShort Bloomberg Natural Gas is down -10.4%, or -$9.24 to $79.66.
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EPAM | Hot Stocks09:47 EDT Epam Systems falls -17.2% - Epam Systems is down -17.2%, or -$44.65 to $215.00.
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WTI | Hot Stocks09:47 EDT W&T Offshore rises 6.3% - W&T Offshore is up 6.3%, or 25c to $4.28.
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DBRG | Hot Stocks09:47 EDT DigitalBridge rises 6.6% - DigitalBridge is up 6.6%, or 85c to $13.69.
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CIR | Hot Stocks09:47 EDT Circor rises 49.9% - Circor is up 49.9%, or $15.81 to $47.48.
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KSCP | Hot Stocks09:41 EDT Texas Southern University places $450,000 order with Knightscope - Knightscope announced that it received a $450,000 order for its K1 Blue Light Towers and K1 E-Phones. Texas Southern University is an existing customer that is purchasing an additional 39 devices consisting of 21 Blue Light Towers and 18 E-Phones.
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ELTX | Hot Stocks09:40 EDT Elicio Therapeutics, Inc. trading resumes
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CBUS | Hot Stocks09:40 EDT Cibus Global Inc trading resumes
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ELTX | Hot Stocks09:35 EDT Elicio Therapeutics, Inc. trading halted, volatility trading pause
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ZM | Hot Stocks09:31 EDT Zoom Video launches new features of Zoom IQ - Zoom Video Communications launched key features of Zoom IQ, a smart companion that empowers collaboration and unlocks people's potential through generative AI. Now available through free trials for customers in select plans,1 the Zoom Meeting summary and Zoom Team Chat compose features will help teams improve productivity, balance workday priorities, and collaborate more effectively. "With the introduction of these new capabilities in Zoom IQ, an incredible generative AI assistant, teams can further enhance their productivity for everyday tasks, freeing up more time for creative work and expanding collaboration," said Smita Hashim, chief product officer at Zoom. "There is no one-size-fits-all approach to large language models, and with Zoom's federated approach to AI, we are able to bring powerful capabilities to our customers and users through Zoom's own models as well as our partners' models."
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SAGA | Hot Stocks09:30 EDT Biogenysis, Virogentics negotiations extended between BN Holdings, SAGA sponsor - Enzolytics provided updates regarding the sale of Virogentics and Biogenysis to Sagaliam Acquisition Corp, the special purpose acquisition company and details of the recently released comprehensive study prepared by the Bulgarian Academy of Science for use by Korporativ Klinik Drug Research and Development as part of the continued development of the program to meet EMA requirements for clinical trials; and status of the administration of the ITV-1 immunotherapy treatment under the supervision of Neuro Pharma Ltd - Rwanda. To facilitate the transaction with Sagaliam Acquisition Corp for purchasing the Company's wholly owned subsidiaries, Biogenysis and Virogentics, negotiations have been extended between BN Holdings Trust and the existing sponsor of SAGA to finalize their negotiations and complete certain regulatory filings. SAGA recently filed its December 31, 2022 annual report and is currently working to complete its March 31, 2023 quarterly filing with the Security Exchange Commission. While there is no deadline for completion of the business combination agreement between ENZC and SAGA both parties will be working to complete the transaction as quickly as possible upon the completion of the regulatory filings and negotiations between the existing sponsor and BN Holdings Trust. The Company is not a party to the negotiations or filings but is being kept apprised of the progress being made. A new comprehensive report prepared by the Bulgarian Academy of Sciences - Institute of Inorganic Chemistry and Phytotherapy was released last week for ITV-1, using two Bradford methods and spectrophotometric studies. The concentration of proteins in the final product was found to be in sufficient quantity to be able to bind and be active. The molecular masses of the peptides were determined. The amino acid sequence of 51 peptides in the ITV-1 samples have been identified. These and many other important pieces of information were obtained from this report along with schematics and diagrams. VIRO has engaged the German company Cooperative Clinical Research and Development to prepare the Pharmacokinetic study on the porcine pepsin. This study is scheduled to begin on June 25, 2023. The production report and research dossier required for phase 3 clinical trials under the EMA guidelines are currently being prepared. The final protocol for the administration of the ITV-1 immunotherapy treatment under the supervision of Neuro Pharma Ltd - Rwanda, to be dispensed to volunteers under a fast-track protocol at HEAL Africa Hospitals, GOMA, PRC and Panzi Hospital, Bukavu, DRC, is expected to be completed this week. The impact of the treatment on the HIV/AIDS virus present in the volunteers will be reported after the 17-week cycle is complete. The next step for VIRO is to acquire and fund the insurance premiums for the volunteers. VIRO expects ITV-1 to be dispensed under the trial in late July / early August 2023.
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CBUS | Hot Stocks09:30 EDT Cibus Global Inc trading halted, volatility trading pause
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PACW... | Hot Stocks09:27 EDT PacWest Bancorp up 7% as Fairfax partners with Kennedy Wilson to buy loans - Shares of PacWest Bancorp (PACW) are up 56c, or 7%, to $8.23 in pre-market trading after Fairfax Financial Holdings (FRFHF) announced that it has agreed with Kennedy Wilson (KW) that, through certain of its subsidiaries, it will acquire an interest of approximately 95% in certain of the real estate construction loans that Kennedy Wilson has agreed to acquire from Pacific Western Bank.
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NSRCF | Hot Stocks09:23 EDT NextSource Materials files amended, restated financial statements - NextSource Materials has filed amended and restated unaudited condensed interim financial statements and management's discussion and analysi for the nine and three months ended March 31, 2023, and 2022, which amends and restates the previously filed unaudited condensed interim financial statements and MD&A for the nine and three months ended March 31, 2023, and 2022. The Amended and Restated Financials and MD&A were filed due to an error in the estimation of the present value of the Right of Use Asset for the Mauritius BAF property lease, whereby the ending balances for Property, plant and development, and current and long-term lease obligations as at March 31, 2023 and the amortization and lease finance costs for the three and nine months ended March 31, 2023 were overstated. A security deposit was also reclassified from prepaid expenses to long-term deposits to reflect updated expectations. The MD&A was also modified to include enhanced disclosures regarding the BAF development projects and the use of non-IFRS terms.
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VRAR | Hot Stocks09:21 EDT Glimpse Group to discuss anticipated Apple XR headset announcement - The Glimpse Group is closely monitoring the rumors surrounding the highly anticipated announcement of the Apple XR headset and is scheduled to discuss its thoughts in a webinar later today. Ahead of any official confirmation, industry experts and analysts are recognizing the potential opportunity that a release of this groundbreaking product could present. With Apple's track record of innovation and design excellence, industry observers anticipate that the Apple XR headset could set new benchmarks in terms of user experience and functionality, driving industry growth and development. This Glimpse webinar will provide in-depth insights into the potential impact of Apple's entry into the immersive technology sector, including the impact it could have across industry sectors.
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BKTI | Hot Stocks09:20 EDT BK Technologies receives FCC approval for BKR 9000 multiband radio - BK Technologies announced that it has received approval from the Federal Communications Commission for the BKR 9000 multiband radio. The BKR 9000 radio is the Company's first multiband portable radio for the public safety market, providing high performance all-band coverage at a cost-efficient price point.
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WAT | Hot Stocks09:18 EDT Waters adds DESI XS source with Xevo TQ Absolute system - Waters Corporation launched the industry's first targeted imaging mass spectrometer based on its Xevo TQ Absolute tandem quadrupole mass spectrometer, the most sensitive and compact mass spectrometer in its class. The new instrument combines the Waters DESI XS source with the Xevo TQ Absolute system and is five times more sensitive and five times faster than discovery-based imaging systems at precisely determining whether a particular small molecule drug product - and how much of it - reaches its intended target, such as a brain, liver, or lung, in a test subject.
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REGMF | Hot Stocks09:18 EDT RemeGen approved by Hong Kong Stock Exchange to remove B marker from stock name - RemeGen successfully obtained approval from The Stock Exchange of Hong Kong Limited on June 5, 2023 to remove the "B" marker from its stock short name as the Company's financial performance in 2022 met the market capitalization/revenue test under Rule 8.05(3) of the Hong Kong Stock Exchange's Listing Rules. This marks another significant milestone in RemeGen's development as it is transforming itself from a research-oriented biotech company to a fully-integrated biopharmaceutical company. Wang Weidong, RemeGen's chairman and executive director, said, "Despite facing a number of macro and industry headwinds in 2022, we nonetheless pushed ahead to make significant achievements that have led us to this approval from the Hong Kong Stock Exchange. Looking ahead, we expect momentum to continue both in China and around the globe in 2023 and beyond. We are well-positioned to accelerate growth and deliver strong shareholder returns while developing first-in-class and best-in-class products to help patients with unmet medical needs."
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ILMN | Hot Stocks09:17 EDT Illumina releases 2022 CSR report - Illumina published its annual Corporate Social Responsibility, CSR, Report, highlighting the company's commitment to human health, and the progress made by its environmental, social, and governance, ESG, program in 2022. The company's ESG program is rooted in five key areas: accelerate access to genomics; empower our communities; integrate environmental sustainability; nurture our people; and operate responsibly. "Genomics has the ability to improve global health care, sustainability, and equity through better diagnosis and treatment; better representation in genomic data; greater access to personalized medicine; and a deeper understanding of the world," said Francis deSouza, CEO of Illumina. "Guided by our mission, we are taking bold, meaningful steps through our business strategy to accelerate access to genomics, empower our communities, integrate environmental sustainability, nurture our people, and operate responsibly."
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SYTA | Hot Stocks09:17 EDT Siyata Mobile announces $400,000 in new orders - Siyata Mobile announced that it has received new orders for its SD7 Handsets and VK7 Vehicle Kits totaling more than $400,000 in aggregate. The orders are expected to be delivered in the second quarter.
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AVGR | Hot Stocks09:16 EDT Avinger announces first cases with Tigereye ST image-guided CTO crossing system - Avinger announced the successful completion of the first clinical cases with the new Tigereye ST image-guided CTO crossing system. Dr. Ian Cawich, an interventional cardiologist at Arkansas Heart Hospital, and Dr. Jaafer Golzar, an interventional cardiologist at Advocate Christ Medical Center and Avinger's Chief Medical Officer, performed the first cases with the new system. Since the initiation of limited launch in May, four physicians at 5 U.S. hospital sites have successfully used Tigereye ST to treat CTOs in 14 separate procedures across a variety of lesion types and locations both above and below the knee.
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MODVF | Hot Stocks09:15 EDT Melcor Developments announces normal course issuer bid - Melcor Developments announced that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and on alternative trading systems. The notice provides that Melcor may, during the twelve-month period commencing June 7, 2023 and ending June 6, 2024, purchase for cancellation up to 1,562,431 common shares in total, being approximately 5% of its issued and outstanding common shares. The daily repurchase restriction for the common shares is 1,617. The price which Melcor will pay for any such common shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be subject to compliance with the TSX guidelines. Under the previous normal course issuer bid, 1,641,627 common shares were purchased for cancellation through the facilities of the TSX at a weighted average price per common share of $11.88. Such repurchases represented the maximum number under the previous normal course issuer bid and were completed by December 23, 2022. As of May 29, 2023, there were 31,248,628 common shares of Melcor outstanding and the average daily trading volume for the six-month period ending April 30, 2023 was 6,469. Melcor believes that, at times, its common shares trade in a price range which does not adequately reflect the value of such common shares in relation to the business of Melcor and its future business prospects. As a result, depending upon future price movements and other factors, Melcor believes that its outstanding common shares may represent an attractive investment for itself. Furthermore, the purchases may benefit all persons who continue to hold common shares by increasing their equity interest in Melcor. All common shares purchased by Melcor under the normal course issuer bid will be cancelled. In connection with commencement of the NCIB the Corporation also announced that it has entered into an automatic share purchase plan agreement with a broker to allow for the purchase of common shares under the NCIB at times when the Corporation ordinarily would not be active in the market due to regulatory restrictions or self-imposed trading blackout periods. Before entering into such restricted or blackout period, the Corporation may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by the Corporation prior to the restricted or blackout period in accordance with TSX rules, applicable securities laws and the terms of the ASPP. Outside of these pre-determined restricted or blackout periods, common shares will be purchased based on management's discretion, in compliance with TSX rules and applicable securities laws.
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TU SSNLF | Hot Stocks09:15 EDT Telus Esports Series partners with Samsung for gaming tournament - TELUS announced the return of the TELUS Esports Series powered by TELUS Arena, a nationwide gaming platform that supports and empowers Canadian esport players. In partnership with Samsung, TELUS Esports Series is being introduced to mobile gamers featuring the Galaxy S23 Ultra smartphone with Rocket League Sideswipe, along with the return of Apex Legends and Rocket League. Canadians aged 15 and up can register and qualify at www.battlefy.com/telus by July 2nd, 2023 at 11:59 p.m. EST to play for a chance to win from a $50,000 prize pool.
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BRLT | Hot Stocks09:13 EDT Brilliant Earth enters collaboration with Tracr - Brilliant Earth Group announced a new collaboration with Tracr, a digital platform for tracing natural diamonds from their source. The partnership will further unlock Brilliant Earth's blockchain-enabled natural diamond offerings, meeting the Company's ESG goal six months ahead of schedule.
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GIB | Hot Stocks09:13 EDT CMHA, CGI Federal partner with Central State University - The Columbus Metropolitan Housing Authority, CMHA, in partnership with CGI Federal, the wholly-owned U.S. operating subsidiary of CGI, announced the kickoff today of "The Collaborative," an immersive student internship program with Central State University, a historically black college and university. Starting June 5th, this comprehensive summer experience will give interns the opportunity to make a direct impact on a broad range of programs within the Columbus community. Over the course of the internship, CSU students who participate in the internship will receive hands-on experience working alongside industry leaders on a variety of projects related to affordable housing, including asset management, IT, human resources, planning and development, accounting, design and construction, and diversity, equity and inclusion.
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LGND | Hot Stocks09:13 EDT Sermonix shares ASCO poster presentation on ELAINE-2 study results - Sermonix Pharmaceuticals, a privately held biopharmaceutical company developing innovative therapeutics to specifically treat metastatic breast cancers harboring ESR1 mutations, broadly shared a poster presentation detailing the results of its ELAINE-2 clinical study with longer patient follow-up. The poster was initially presented yesterday at the 2023 American Society of Clinical Oncology Annual Meeting. ELAINE-2, an open-label, Phase 2 Evaluation of Lasofoxifene in ESR1 Mutations study of Sermonix's lead investigational drug, lasofoxifene, in combination with Eli Lilly and Company's CDK4/6 inhibitor abemaciclib, evaluated 29 women with ER+/HER2- locally advanced or metastatic breast cancer and an ESR1 mutation. The primary endpoint was safety/tolerability, with secondary endpoints including progression-free survival and overall response rate. Earlier ELAINE-2 results were shared at ASCO 2022. Lasofoxifene, which Sermonix licensed globally from Ligand Pharmaceuticals, has been studied in previous comprehensive Phase 1-3 non-oncology clinical trials in more than 15,000 postmenopausal women worldwide.
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SNES | Hot Stocks09:11 EDT SenesTech enters distribution agreement, initial order with Pesterminators - SenesTech announced entry into a Distribution Agreement with Pesterminators Pvt Ltd of Maldives for the deployment of ContraPest into Maldives. As Pesterminators is part of an multinational pest control organization, the potential expansion of the agreement throughout the region is contemplated in the agreement. "Pesterminators is a leading provider of pest management solutions, committed to providing the best possible service while maintaining a safe and sustainable environment. As such, that makes them a perfect partner, and makes ContraPest the perfect addition to their integrated pest management programs," said Joel Fruendt, SenesTech's President and CEO. "Our discussions include more than Maldives, however. With Pesterminators, I fully expect that we have the right partner for expansion into new markets in south Asia," continued Fruendt.
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MSGM | Hot Stocks09:11 EDT Motorsport Games announces Le Mans Ultimate - In recognition of the FIA World Endurance Championship - the ultimate endurance racing challenge, cars representing the ultimate in technology, durability and performance, and taking place at the ultimate motorsport venue, there can only be one name for the official game for the 24 Hours of Le Mans and FIA WEC: Le Mans Ultimate. Expected in December 2023, this special centenary year for the Automobile Club de l'Ouest, owner and founder of the 24 Hours of Le Mans, the game has been developed by Motorsport Games' Studio 397 and will capture all the emotion, speed and glory of the world's most famous and prestigious endurance motorsport event. Studio 397, the developer behind the rFactor 2 platform, has a pedigree for gaming and sports car racing - with Studio 397 name reflecting the remarkable feat by Audi Sport in 2010, where its R15 prototype lapped the Circuit de la Sarthe 397 times before taking victory. The PC-based game will feature official cars and circuits from the 2023 FIA World Endurance Championship season, which, of course, has the 24 Hours of Le Mans as its headline event. Included for the first time will be Hypercars from Ferrari, Peugeot, Porsche and Toyota, which - together with models of all the cars of the 2023 full-season WEC entrants - will be competing on iconic tracks such as Spa-Francorchamps, Monza, Fuji and Circuit de la Sarthe.
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PEP | Hot Stocks09:10 EDT Gatorade announces opening of its newest GSSI Research, Development lab - Gatorade, a division of PepsiCo, announced the opening of its newest Gatorade Sports Science Institute, GSSI, Research & Development lab in Valhalla, New York, providing unparalleled opportunity for innovation and discovery that builds upon the strength and history of Gatorade's backed-by-science approach. In this state-of-the-art R&D facility, GSSI will support product development across all Gatorade Portfolio brands, including Gatorade, Fast Twitch, Propel, Muscle Milk and EVOLVE.
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RIOT | Hot Stocks09:10 EDT Riot Platforms produces 676 bitcoin in May - Reports average bitcoin produced per day 21.8. Reports bitcoin held 7,190. "In May, Riot successfully maintained steady and consistent production, mining 676 Bitcoin during the month," said Jason Les, CEO of Riot. "In addition, Riot also benefitted from participation in ERCOT's Demand Response programs, generating $2.4 million in revenue as a result of our unique power strategy, which is made possible by our long-term fixed rate power contracts. Riot's participation in these programs supports ERCOT's efforts to maintain grid reliability for the benefit of all Texans while also providing economic benefits to the Company."
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SRNE | Hot Stocks09:09 EDT Shanghai Escugen Biotechnology announces results from FIH study of ESG401 - Shanghai Escugen Biotechnology, a partner of Levena Biopharma, a wholly owned subsidiary of Sorrento Therapeutics, released preliminary results from a first-in-human study of ESG401, a trophoblast cell-surface antigen 2 antibody drug conjugate, in patients with locally advanced/metastatic solid tumors at the 2023 Annual Meeting of ASCO, the American Society of Clinical Oncology, held June 2-6 in Chicago, IL. ESG401 is an innovative ADC developed by Escugen and Levena. Escugen and Levena Biopharma jointly own the domestic and international patents of this ADC and share global rights for the product. ESG401 is composed of a humanized anti-Trop2 IgG1 monoclonal antibody conjugated to a topoisomerase I inhibitor SN38 via a proprietary stable covalent linker with a drug antibody ratio of 8. ESG401 has potential differentiated advantages over its competitors in terms of safety, effectiveness and process robustness. Using an innovative, highly stable and cleavable linker, this ADC demonstrated that it releases very little free toxin during circulation, which may reduce off target toxicity in a series of preclinical studies. Additionally, premature release of the mAb may compete for binding sites with the ADC to reduce its efficacy. The ADC highly enriches in tumor tissues and rapidly endocytoses, thereby effectively killing tumor cells and inhibiting tumor growth. In the Phase I study, adult ESG401 patients with locally advanced/metastatic solid tumors refractory to or relapsed from standard treatments with measurable disease were eligible. ESG401 was administered by IV infusion initially in an ascending dose safety study by designated dose and regimen until unacceptable toxicity or progressive disease and followed by expansion cohorts. The Bayesian Optimal Interval design was used to establish the maximum tolerated dose. As of February 3, 2023, 35 heavily pretreated patients with a median age of 53 years were treated with at least one dose of ESG401 during dose escalation, 2 to 20 mg/kg administered every 3 weeks, or 12 to 16 mg/kg on day 1, 8, and 15 in a 4-week cycle. Eighty percent of the patients had an ECOG status of 1. Sixty-three percent of the patients had received at least 3 lines of prior therapy and overall the number of lines of prior therapy was a median of 4. A total of 94% of patients had visceral metastases at baseline. While one patient at 20 mg/kg reported a dose limiting toxicity, the MTD was not reached. The most common treatment-related adverse events were leukopenia, neutropenia, anemia, fatigue and nausea or vomiting. The most common grade 3 events were leukopenia and neutropenia with no grade 3 thrombocytopenia, diarrhea, skin rash or oral mucositis. There was no evidence of interstitial lung disease. Of the 33 efficacy evaluable patients, 12 achieved partial responses and 4 achieved stable disease lasting at least 24 weeks. The dose of 16 mg/kg was identified as the therapeutically relevant dose. The overall response rate and disease control rate were 36% and 64%, respectively, in patients with triple negative breast cancer, and 62% and 77% respectively, in patients who were HR+/HER2- breast cancer. Three patients have been on treatment for at least 12 months. These data demonstrate that ESG401 is well tolerated and demonstrates efficacy in heavily pretreated patients. Additional studies are ongoing with this innovative promising treatment. A waterfall plot of the data demonstrating the best % change in sum of longest dimension in target lesions from baseline is shown below for patients who received the therapeutic relevant dose.
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EJH | Hot Stocks09:08 EDT E-Home Household Service signs new contracts of over RMB 10M in April to May - E-Home Household Services announced E-Home Household Services Holdings Limited Service provider: YiJiaQin Jiangxi Branch of Household Services Group has been established. Meanwhile, eHome headquarters signed new contracts in April to May for Fuzhou Binhai Minshou Court, Fuzhou Binhai Shouqiju, Fuzhou Zhonglian Binjiang Building Community, Fuzhou Vanke Golden Garden, Shenzhen DTZ Fuzhou Industrial Bank, Fuzhou Poly Tang Yue Mansion, Fuzhou Sky City Marketing Center, Fuzhou Real Estate Office Building, Fuzhou Tianyue Phase II Marketing Center, Fujian Fuzhou Minhou Poly Read River Terrace, Yongtai Poly Tang Yue Marketing Center, Minhou Binjiang Project Phase I, Minhou Binjiang Project Phase II, Minhou Binjiang Project Phase III, Shimao ICT International and many other cleaning service projects with a combined amount of more than RMB 10 million.
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CAH BLK | Hot Stocks09:07 EDT Cardinal Health announces the merger of its Outcomes business into TDS - Cardinal Health (CAH) announced it has signed a definitive agreement to contribute its Outcomes business to Transaction Data Systems, TDS, a portfolio company of BlackRock (BLK) Long Term Private Capital and GTCR, in exchange for a minority stake in the combined entity. Under the terms of the agreement, Cardinal Health's pharmaceutical segment CEO, Debbie Weitzman, will be appointed to the TDS board of directors. The transaction will create a broad, integrated offering of pharmacy workflow software with patient engagement and clinical solutions to serve the patient, pharmacy, payer, and pharmaceutical company ecosystem. The combined organization will expand upon TDS's existing solutions for delivering clinical care, medication therapy management and diversifying pharmacy revenue streams by adding Outcomes' digital capabilities for patient engagement, virtual verification, order grouping, pill counting, and financial insights. The transaction is anticipated to close, subject to customary closing conditions and the expiration or termination of regulatory periods, in the third calendar quarter of 2023.
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LSDI KTTA | Hot Stocks09:06 EDT Lucy Scientific Discovery offers to acquire Pasithea for 85c per share - Lucy Scientific Discovery (LSDI) sent a proposal to Pasithea Therapeutics Corp. (KTTA), a biotechnology firm focused on innovative medical solutions, to acquire each share of its common stock. Under the terms of the offer, Lucy proposes to pay $0.60 in cash, and $0.25 cents in Lucy stock for every share of Pasithea common stock. Given that Pasithea's stock closed at $0.35 per share on June 1, 2023, the Proposal of $0.85 per share equates to 142% premium to Pasithea's share price. In fact, the cash component alone represents a 71% premium. Pasithea's most recent quarterly report indicates approximately $30,000,000 cash on hand. Given the significant market value discount to its net cash, Lucy believes its attractive offer will create immediate value from the cash portion with additional upside participation through Lucy's stock as it executes its business plan. In order to preserve cash for shareholders, Lucy intends to explore strategic alternatives for the divestiture of Pasithea's clinical development program. While Pasithea's 30-day average daily dollar trading volume is only $16,000, Lucy is an actively traded NASDAQ company with an average daily dollar trading volume of more than $1.8 million. This represents more than 100 times the dollar volume of Pasithea's trading and could substantially improve liquidity for its shareholders. In the event that the proposal is not endorsed by Pasithea's Board of Directors, Lucy is prepared to present it directly to the Pasithea shareholders.
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XPDB | Hot Stocks09:05 EDT Power & Digital to combine with Montana Technologies - Power & Digital Infrastructure Acquisition II and Montana Technologies announced that they have entered into a business combination to commercialize Montana Technologies' unique solution to revolutionize the HVAC sector, reduce emissions, and solve water issues. The Company, which will operate under the name of Montana Technologies, has a goal of solving two of the world's most problematic issues, demand for energy-efficient HVAC and water stress, with its AirJoule technology. AirJoule enables the atmosphere to be an accessible renewable energy and water resource around the clock, providing clean drinking water at as low as half a cent per liter. highlights: Business combination of XPDB and Montana Technologies at pro forma enterprise value of $500 million; The Company intends to use the funds to execute its strategic global partnerships, scale production, expand its operational leadership team, and for general operating purposes; The Transaction is expected to close in the fourth quarter of 2023, subject to certain closing conditions; Following transaction close, Matt Jore is expected to remain in the role of Chief Executive Officer and lead the pro forma Company
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WWE | Hot Stocks09:04 EDT WWE announces multi-year partnership with Twitch - WWE announced a multi-year partnership with Twitch that will see the return of the official WWE channel and popular WWE Superstar channels, featuring live and exclusive content. In addition to the launch of the channel, WWE will debut today a companion sidecast to Monday Night RAW, bringing the WWE Universe behind the scenes and closer to the in-ring action. The weekly viewing experience will be led by a rotating cast of hosts and will regularly feature appearances by WWE Superstars, unique and exclusive content such as backstage interviews, and more. Viewers can stream the sidecast live every Monday beginning at 8 p.m. or the Twitch App. Additionally, the official WWE channel will be home to other live productions and will serve as an alternate live streaming feed for all of WWE's premium live event press conferences.
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TTOO | Hot Stocks09:04 EDT T2 Biosystems submits application for FDA Breakthrough Device Designation - T2 Biosystems has submitted an application with the U.S. Food and Drug Administration for Breakthrough Device Designation for the Company's Candida auris test. The Company recently announced plans to add C. auris detection to its FDA-cleared T2Candida Panel.
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GFS STM | Hot Stocks09:03 EDT GlobalFoundries, STMicroelectronics finalize deal for manufacturing facility - GlobalFoundries and STMicroelectronics announced the conclusion of the agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles, which was announced on 11 July 2022. The program represents an overall projected cost of 7.5 billion euro for CAPEX, maintenance and ancillary costs. The new facility will benefit from significant financial support from the State of France. The aid measure, in line with the objectives set out in the European Chips Act and part of the "France 2030" plan, recently received approval from the European Commission.
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LPLA | Hot Stocks09:01 EDT LPL Financial: Amy Lawrence joins broker-dealer, RIA, custodial platform - LPL Financial LLC announced that financial advisor Amy S. Lawrence has joined LPL Financials' broker-dealer, RIA and custodial platforms. She reported having served approximately $475 million in advisory, retirement plan, banking and credit business* and joins LPL from Bank of America Private Bank. With the move, Lawrence launches Gorilla Investments Co., a Miami-based independent financial practice. She named the firm Gorilla Investments to represent the strength of the financial services clients will receive and the power of her client base of high-net-worth investors.
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UNH AMED | Hot Stocks09:01 EDT Optum submits proposal to combine with Amedisys for $100 per share - Optum, part of UnitedHealth (UNH), has submitted an all-cash proposal to the board of directors of Amedisys (AMED) to combine with Amedisys. The $100 per share all-cash transaction provides full and certain value to Amedisys shareholders. The proposed transaction represents a 26% premium over Amedisys' most recent closing share price and a premium of 29% to the unaffected Amedisys share price of $77.26. Optum's proposal has no financing contingency or condition and does not require shareholder approval.
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MRNA MRK | Hot Stocks09:01 EDT Moderna, Merck announce DMFS results from Phase 2b study - Moderna (MRNA) and Merck (MRK) announced distant metastasis-free survival results from the Phase 2b randomized KEYNOTE-942/mRNA-4157-P201 study, a clinical trial evaluating mRNA-4157, an investigational individualized neoantigen therapy, in combination with KEYTRUDA, Merck's anti-PD-1 therapy, in patients with resected high-risk melanoma. In the overall intention-to-treat population, adjuvant treatment with mRNA-4157 in combination with KEYTRUDA demonstrated a statistically significant and clinically meaningful improvement in DMFS, a key secondary endpoint of the study, compared with KEYTRUDA alone and reduced the risk of developing distant metastasis or death by 65%. The secondary endpoint of DMFS, defined as the time from the first dose of KEYTRUDA until the date of first distant recurrence or death from any cause, was pre-specified for statistical testing following the positive primary endpoint of recurrence-free survival. These late-breaking data are being presented for the first time today at 5:00 p.m. ET during an oral abstract session at the 2023 American Society of Clinical Oncology Annual Meeting. Based on data from KEYNOTE-942/mRNA-4157-P201, the U.S. Food and Drug Administration and European Medicines Agency granted Breakthrough Therapy Designation and the Priority Medicines scheme, respectively, for mRNA-4157 in combination with KEYTRUDA for the adjuvant treatment of patients with high-risk melanoma following complete resection. The companies recently announced the first presentation of the study's primary endpoint, RFS, from the Phase 2 KEYNOTE-942/mRNA-4157-P201 trial in April 2023 at the American Association for Cancer Research Annual Meeting. Adverse events reported with mRNA-4157 in KEYNOTE-942 were consistent with those previously observed in a Phase 1 clinical trial. The safety profile of KEYTRUDA was consistent with findings from previous studies. The number of patients reporting treatment related Grade greater than or equal to 3 adverse events were similar between the arms. The most common adverse events of any grade attributed to either mRNA-4157 or the combination of mRNA-4157 and KEYTRUDA were fatigue, injection site pain and chills. Data from an exploratory subgroup analysis of KEYNOTE-942/mRNA-4157-P201 evaluating minimal residual disease by circulating tumor DNA as a biomarker of RFS in resected high-risk melanoma patients treated with mRNA-4157 in combination with KEYTRUDA were also presented. For ctDNA assessments, tumor core biopsies and matched whole-blood samples were subjected to whole-exome sequencing to identify patient-specific somatic variants. The personalized amplicon-based next-generation sequencing assay from NeoGenomics was used to select up to 48 variants most suitable for MRD detection and analysis of ctDNA in baseline plasma samples. The ctDNA-evaluable population across both study arms was representative of the total ITT population. The majority of ctDNA-evaluable patients were ctDNA-negative at baseline, compared to ctDNA-positive patients at baseline. In ctDNA-negative patients at baseline, RFS was higher with mRNA-4157 in combination with KEYTRUDA versus KEYTRUDA monotherapy, representing a 78% reduction in recurrence or death. A similar trend was observed for ctDNA-positive patients at baseline. However, the small sample size of the ctDNA subgroups limits the interpretation of these results. The association between MRD patterns and mRNA-4157 treatment effect will be further explored in upcoming planned studies.
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BIIB DNLI | Hot Stocks08:56 EDT Biogen, Denali shift focus of Parkinson's Disease clinical development program - Biogen (BIIB) provided an update on its Parkinson's Disease clinical development program, stating in part: "As part of its ongoing Research & Development prioritization initiative and resource allocation, Biogen announced plans to revise the clinical development program for BIIB122, a small molecule inhibitor of leucine-rich repeat kinase 2, which is being developed in collaboration with Denali Therapeutics (DNLI). Prior to the planned revisions, the BIIB122 clinical development program encompassed two global late-stage clinical trials: the Phase 2b LUMA study in participants with early-stage Parkinson's disease, which commenced in May 2022; and the Phase 3 LIGHTHOUSE study in participants with Parkinson's disease related to LRRK2 mutations, which commenced in September 2022. In consideration of the LIGHTHOUSE study's complexity including the long timeline with anticipated study completion in 2031, Biogen and Denali have agreed that efforts will be refocused to enable a timely readout on efficacy in early-stage idiopathic Parkinson's disease while gaining further clinical data in Parkinson's disease with and without a LRRK2 mutation. The protocol for the LUMA study in patients with early-stage Parkinson's disease will be amended to now include eligible patients with a LRRK2 genetic mutation in addition to continuing to enroll eligible patients with early-stage idiopathic Parkinson's disease. The LIGHTHOUSE study of BIIB122 in patients with Parkinson's disease associated with LRRK2 mutations will be discontinued. Patients currently enrolled and randomized in LIGHTHOUSE will be offered the opportunity to join the LUMA study. These modifications are not based on any safety or efficacy data from studies of BIIB122. Denali and Biogen have a strategic collaboration to jointly develop and commercialize small molecule inhibitors of LRRK2 and remain committed to advancing the development of BIIB122." Reference Link
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GAME | Hot Stocks08:56 EDT Gamesquare Holdings set to join Russell Microcap Index - GameSquare Holdings is set to join the Russell Microcap Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, according to a preliminary list of additions posted June 2.
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RGF | Hot Stocks08:55 EDT Real Good Food launches low-carb, high protein burrito platfom - The Real Good Food Company announced the launch of their new cheesy burritos loaded with chunks of chicken breast and made with a proprietary low carb tortilla-available in the Club channel today, and coming to grocery stores in the coming months. Real Good Foods' burritos are made using chunks of antibiotic-free chicken breast and pepper jack and cheddar cheeses, seasoned with a hint of lime and cilantro and hand rolled into a proprietary low carb flour tortilla. These nutritious burritos extend Real Good Foods into a new category within Retail & Club, refrigerated Entrees. The Refrigerated Entrees category is a $4.1B category excluding Costco, and one of the fastest growing sub-categories in TTL US MULO, growing 10% vs. YAG and 22% vs. 2YAG L52 Weeks ending September 2022*.
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LSDI | Hot Stocks08:55 EDT Lucy Scientific Discovery Inc trading halted, news pending
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KTTA | Hot Stocks08:55 EDT Pasithea Therapeutics Corp trading halted, news pending
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AMED... | Hot Stocks08:54 EDT Amedisys announces receipt of unsolicited proposal from Optum - Amedisys (AMED) announced that on May 26, 2023, the company received an unsolicited proposal from Optum (UNH) to acquire all of the outstanding shares of Amedisys' common stock in an all-cash transaction for $100 per share. As announced on May 3, 2023, Amedisys entered into a merger agreement with Option Care Health (OPCH), under which Amedisys and Option Care Health would combine in an all-stock transaction. Under the terms of the merger agreement, Amedisys stockholders would receive 3.0213 shares of Option Care Health common stock for each existing share of Amedisys common stock they hold at the closing of the transaction. Upon closing Amedisys stockholders are expected to own approximately 35.5% of the outstanding shares of the combined company on a fully diluted basis. The transaction is subject to approval by Option Care Health stockholders and Amedisys stockholders, receipt of applicable regulatory approvals, including termination or expiration of the applicable waiting periods under the HSR Act and state insurance approvals, and other customary closing conditions. Consistent with its fiduciary duties, the Amedisys Board of Directors consulted with its outside counsel and financial advisor to thoroughly evaluate Optum's proposal. The Board conducted this evaluation in accordance with the terms of the Company's merger agreement with Option Care Health. On May 27, 2023, the Board determined that the unsolicited proposal received from Optum could reasonably be expected to result in an "Amedisys Superior Proposal" as defined in Amedisys' merger agreement with Option Care Health. As permitted by the terms of Amedisys' merger agreement with Option Care Health, Amedisys entered into a confidentiality agreement with Optum on May 30, 2023, and is currently engaging in exploratory discussions with Optum with respect to Optum's proposal. Amedisys remains bound by the terms of the merger agreement with Option Care Health, and Amedisys' Board has not determined that Optum's proposal constitutes a Superior Proposal as defined in the merger agreement with Option Care Health. The merger agreement with Option Care Health does not permit Amedisys to terminate the merger agreement in favor of an alternative transaction, or to enter into any agreements with respect to an alternative transaction, other than a confidentiality agreement. Amedisys notes that there can be no assurance that the discussions with Optum will result in a transaction.
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MMMB | Hot Stocks08:54 EDT MamaMancini's launches series of On-the-Go products - MamaMancini's Holdings announced the launch of a new series of On-the-Go products at IDDBA 2023 to expand upon the initial success of its Meatballs in a Cup product line in convenience store trials. Expanding upon the MamaMancini's Beef Meatballs in Cup product, newly launched products include Turkey Meatballs in a Cup, Chicken Cacciatore in a Cup, Chana Masala in a Cup, Sausage, Peppers and Onions in a Cup, and Beef & Rice Stuffing in a Cup, all with a suggested retail price of $5.99. The product recipes are all-natural, preservative and soy free, and contain no artificial ingredients. Each cup comes fully cooked and microwave ready. New packaging has expanded the shelf life from 5 days to 21 days while retaining taste and texture - which helps to ensure quality, safety and reduced replenishment costs. The format and target consumer make it an attractive product for convenience stores, helping to drive incremental sales and larger basket sizes. The fact that convenience stores already have microwaves in-store further strengthens the business proposition.
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SRZN | Hot Stocks08:53 EDT Surrozen announces publication on Fzd4 Wnt antibody in ischemic stroke - Surrozen co-authored a publication with Stanford Medicine and Columbia University scientists in Nature Communications. The results observed with systemic administration of Surrozen's Frizzled-4 selective Wnt mimetic antibody in a disease model of ischemic stroke reveal the potential for this novel mechanism of action to reverse blood-brain-barrier dysfunctions such as leakage in the surrounding brain tissue, death of surrounding tissue, and tissue swelling while improving neurologic function. Many central nervous system disorders are characterized by abnormal BBB function, including ischemic stroke. Adult ischemic stroke is a serious and prevalent health problem with a substantial incidence of stroke-related death and disability. Treatment options for ischemic stroke in adults are limited to mechanical stenting or pharmacologic therapy with tissue plasminogen activator, although these have limited time windows and hemorrhagic risk. Therefore, there remains a significant need for improved treatment options for people experiencing stroke and other CNS disorders with abnormal BBB function. The importance of Fzd4 signaling for therapeutic BBB modulation is well known, although successful pharmacologic Fzd4 activation has remained elusive. This publication describes overcoming the challenges of systemic pharmacologic Fzd4 stimulation to develop an optimized, Fzd4 selective -Wnt mimetic antibody, and results from administering this Fzd4 Wnt surrogate in preclinical models of ischemic stroke.
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REFR | Hot Stocks08:52 EDT Research Frontiers appoints Eyal Peso to the board - Research Frontiers announced the appointment of Eyal Peso to the Research Frontiers Board of Directors effective June 4, 2023. Mr. Peso is the Co-Founder, Chairman of the Board of Directors and CEO of smart materials manufacturer Gauzy, Ltd.
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TOMZ | Hot Stocks08:51 EDT Tomi Environmental Solutions secures Vizient contract as approved supplier - TOMI Environmental Solutions announced that the Company has entered into a contract with Vizient, Inc. increasing TOMI's presence in the U.S. healthcare system. This contract enables TOMI to supply SteraMist systems to a wide range of healthcare providers, including academic medical centers, pediatric facilities, and community health providers, through Vizient's nationwide network.
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HFFG | Hot Stocks08:50 EDT HF Foods Group says regains compliance with Nasdaq requirements - HF Foods Group announced that it held its Combined 2022-2023 Annual Meeting of Stockholders on June 1, 2023. The Annual Meeting was held to comply with the request/notification issued by the Listing Qualifications Department of Nasdaq on January 17, 2023. Following the completion of the Annual Meeting, the Company believes it has now regained compliance with all requirements for continued listing on the Nasdaq Capital Market.
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BWMN | Hot Stocks08:50 EDT Bowman Consulting announces acquisition of MTX Surveying, no terms - Bowman Consulting Group announced the acquisition of MTX Surveying. "Shane and Austin have built an exciting company," said Gary Bowman, CEO of Bowman. "Their focus on oil and gas, energy, and renewables projects will help to accelerate our goal of increasing the contribution of power and utility-oriented assignments within our revenue mix. Their experience with aerial mapping, data capture, hi-res orthometric imagery, and drone surveying complements other recent acquisitions and investments we have made in geospatial technologies and services." "We're pleased to be joining Bowman and are excited about the opportunities this acquisition provides," said Shane Nafe, President and Founding Partner of MTX Surveying. "Bowman has an expansive national platform of clients, assignments, and engineering professionals to which we can contribute immediately. We're ready to get started adding value and growing our collective energy services and geospatial practice." Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiple and operating metric ranges and is expected to be immediately accretive. The Company anticipates the acquisition will initially contribute approximately $9 million of annualized net service billing. More detailed information on M&A activities, pipeline, and guidance updates are provided in connection with scheduled quarterly and annual communications.
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IDT | Hot Stocks08:49 EDT NRSInsights says May same-store sales increased 7.1% - NRSInsights announced comparative same-store sales results for May 2023. As of May 31, 2023, the NRS retail network comprised approximately 25,000 terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, and tobacco and sundries sellers nationwide, predominantly serving urban consumers. Retail Same-Store Sales Highlights: Same-store sales increased 7.1% from a year earlier. Sales increased 4.3% compared to the preceding month. The sequential increase is primarily attributable to May comprising 31 days compared to April's 30 days; Same-store sales in the preceding month had increased 6.5% compared to the year-ago month, and increased 0.1% compared to the preceding month despite April comprising 30 days compared to March's 31 days; For the three months ended May 31, 2023, same-store sales increased 6.4% compared to the three months ended May 31, 2022; The number of items sold during May 2023 increased 7.0% compared to May 2022 and increased 3.8% compared to April 2023; The average number of transactions per store in May 2023 increased 4.7% compared to May 2022 and increased 6.0% compared to April 2023;A dollar-weighted average of prices for the top 500 items purchased in May 2023 increased 3.2% year-over-year, an increase from the 3.1% year-over-year increase in April 2023.
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JNJ | Hot Stocks08:49 EDT Janssen announces Cohort 1 of the Phase 3 THOR study reached primary endpoint - The Janssen Pharmaceutical Companies of Johnson & Johnson announced results from an interim analysis of Cohort 1 of the Phase 3 THOR study, evaluating treatment with BALVERSA versus chemotherapy in patients with metastatic or unresectable urothelial carcinoma and selected fibroblast growth factor receptor gene alterations who had received prior treatment with an anti-programmed death ligand 1 agent. In this cohort, the study met its primary endpoint of overall survival and reduced the risk of death by 36 percent. The primary endpoint of the study is OS; progression-free survival, objective response rate, duration of response, patient-reported outcomes, safety and pharmacokinetics are secondary endpoints. Results from the interim analysis of Cohort 1 included data inclusive of 266 patients where 136 patients were assigned to BALVERSA and 130 were randomized to chemotherapy. Median follow-up was 15.9 months. At the data cutoff on January 15, 2023, OS in patients who received BALVERSA was 12.1 months compared to 7.8 months in patients who received chemotherapy. Treatment with BALVERSA also showed an improvement in median PFS compared to chemotherapy of 5.6 months versus 2.7 months and an ORR of 45.6 percent versus 11.5 percent. These data met the predefined criteria for superiority, and the independent data safety monitoring committee recommended that the study be stopped at the interim analysis and that all patients randomized to chemotherapy be offered the opportunity to cross-over to BALVERSA. The safety profile of BALVERSA observed in THOR was consistent with the known safety profile of BALVERSA in metastatic urothelial carcinoma. Serious treatment-related adverse events were observed in 13.3 percent of patients who received BALVERSA and 24.1 percent of patients randomized to chemotherapy, and grade three or higher adverse events were observed in 45.9 percent of patients on BALVERSA and 46.4 percent on chemotherapy.1 8.1 percent of patients who received BALVERS and 13.4 percent of patients who received chemotherapy had TRAEs that lead to discontinuation of therapy. Central serous retinopathy occurred in 17 percent of patients who received BALVERSA. TRAEs leading to death were reported in one patient who received BALVERSA and six patients who received chemotherapy.
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CLBT | Hot Stocks08:48 EDT Cellebrite announces UFED Ultra solution - Cellebrite DI announced its new UFED Ultra solution which expands and accelerates data access, extraction, decoding, and review capabilities for law enforcement agencies around the world to deliver court-ready digital evidence. Cellebrite's UFED Ultra strengthens the end-to-end solution suite by broadening access to devices and operating systems thereby streamlining the investigative workflow and accelerating time-to-evidence. This technology and infrastructure provide unparalleled access and extraction capabilities meaning every agency with Cellebrite technology, regardless of size, is equipped to confidently solve more crimes faster.
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QLGN | Hot Stocks08:47 EDT Qualigen Therapeutics announces poster highlighting Pan-RAS inhibitor platform - Qualigen Therapeutics announces that a poster featuring the Company's pan-RAS inhibitor program in pancreatic cancer will be presented as part of the Scientific Program at the American Society of Clinical Oncology's 2023 Annual Meeting held June 2-6, 2023 in Chicago. The poster outlines results of concurrent administration of the Company's pan-RAS inhibitor molecules with commonly used therapeutics against pancreatic cancer. In vivo activity was confirmed in xenograft experiments with cell lines and PDX models, and the molecules were shown to co-operate with AMG-510 and MRTX1133 against pancreatic cancer cell lines. The agents were also shown to suppress resistance to MRTX1133 in vitro, which led authors to believe these pan-RAS compounds may overcome resistance to AMG-510 and MRTX1133 in vivo. The Company had two abstracts accepted to the meeting, the other of which is "A novel pan-RAS inhibitor for luminal B breast cancer." Tariq Arshad, Howard Donninger, Mike Sabo, John Trent, Geoffrey J. Clark, Joe Burlison. This abstract can be found in the ASCO 2023 Annual Meeting Abstract Book. Qualigen's pan-RAS inhibitor platform is a family of small molecules designed to prevent mutated RAS gene proteins from binding to their effector proteins. Exclusively in-licensed from UofL, compounds from this discovery engine have been shown to impact tumor growth in multiple in vivo models. Qualigen is evaluating promising compounds generated from this partnership in various RAS-driven advanced solid tumors such as pancreatic, breast, colorectal, and lung cancers.
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JNJ | Hot Stocks08:46 EDT Janssen announces results from Phase 2 NORSE, Phase 2 RAGNAR studies - The Janssen Pharmaceutical Company announced the final results from its Phase 2 NORSE study and results from its Phase 2 RAGNAR Study. Final Results from Phase 2 NORSE Study Evaluating BALVERSA and Cetrelimab Combination Therapy: Presented were data from the Phase 2 NORSE study evaluating BALVERSA alone and in combination with cetrelimab, an investigational anti-programmed death receptor-1 monoclonal antibody, as first-line treatment of patients with mUC who were ineligible for cisplatin-based chemotherapy and who had FGFR alterations. Both the combination and monotherapy treatment demonstrated a clinically meaningful response, with an ORR of 54.5 percent in the combination arm and 44.2 percent in the monotherapy arm, and was well-tolerated in patients. In the combination arm, six patients achieved a complete response and one patient in the monotherapy arm achieved a complete response. Median PFS in the combination arm was 11.0 months, versus 5.6 months in the monotherapy arm. Grade three or higher TRAEs were observed in 45.5 percent of patients who received BALVERSA and cetrelimab combination therapy and 46.5 percent of patients who received BALVERSA monotherapy. Results from the Phase 2 RAGNAR Study Evaluating the Efficacy and Safety of BALVERSA: Additionally, data from the phase 2 RAGNAR study, evaluating the efficacy and safety of BALVERSA in patients with advanced or metastatic solid tumors with prespecified FGFR alterations, regardless of tumor location or histology, were also presented at ASCO this year. Treatment with BALVERSA demonstrated a clinically meaningful response at a median follow-up of 17.9 months, with an ORR of 30 percent. Responses were observed across 16 distinct tumors. Among the 64 responding patients, three percent of patients had a complete response and 27 percent of patients had a partial response. Grade three or higher TRAEs were observed in 46 percent of patients who received BALVERSA. Serious TRAEs were observed in 8.3 percent of patients and no deaths due to TRAEs were observed.
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B | Hot Stocks08:46 EDT Barnes Group to realize $18M in cost synergies with acquisition of MB Aerospace - "The acquisition of MB Aerospace, the largest in Barnes' history, is a transformational opportunity that is a significant catalyst for our already world class aerospace business. MB is an exceptional strategic fit for us with highly complementary program focus, global operations, technical capabilities, and product offerings. Like Barnes Aerospace, MB possesses a history and culture of operational and technical excellence through a skilled workforce, and global footprint that will help us drive productivity across the combined entity," said Thomas J. Hook, President and Chief Executive Officer of Barnes. "With manageable leverage, the realization of approximately $18M in identified annual run-rate cost synergies, disciplined cash management, and a focus on core business execution, we anticipate solid returns on invested capital for this transaction. Coupled with Barnes' progressing multi-phase transformation initiative, we expect to deliver enhanced shareholder value," added Hook.
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HIL | Hot Stocks08:45 EDT Hill International awarded contract to provide project management support - Hill International was selected by the City of Phoenix Aviation Department to provide program management staff support services for the City of Phoenix's Capital Improvement Program, Terminal Modernization Program, Airport Development Plan, and Capital Management Division at Sky Harbor International Airport, Phoenix Deer Valley Airport, and Phoenix Goodyear Airport.
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MCHP | Hot Stocks08:44 EDT Microchip announces development resources, design services for FPGA switches - The company said, "The new imperatives of the intelligent edge - power efficiency, security and reliability - are forcing system architects and design engineers to find new solutions. For the growing number of system designers switching to PolarFire FPGAs and SoCs, Microchip Technology announces new development resources and design services to aid the move, including the industry's first mid-range industrial edge stack, ready-to-customize cryptography and boot libraries of soft intellectual property and new tools to convert existing FPGA designs to PolarFire devices.The additions expand Microchip FPGA's comprehensive suite of tools and services supporting the proven PolarFire family of devices - which includes the only RISC-V SoC FPGA shipping in volume production."
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B | Hot Stocks08:44 EDT Barnes Group: MB Aerospace to add $330M of revenue and $6M of EBITDA in FY23 - MB Aerospace is projected to generate approximately $330M of revenue and $6M of EBITDA in calendar year 2023. Barnes anticipates that the effective purchase price multiple will be approximately 11.4x 2023 EBITDA and 8.9x inclusive of pro forma estimated run rate cost synergies. Upon closing of the transaction, MB Aerospace will become part of Barnes Aerospace. Barnes expects to finance the transaction with cash on hand and additional acquisition financing. Upon closing, Barnes estimates net leverage to be between 3.7x and 3.9x Consolidated EBITDA, with a plan to reduce net leverage to below 3.0x within 12 months and 2.5x within 24 months following closing. "The acquisition of MB Aerospace, the largest in Barnes' history, is a transformational opportunity that is a significant catalyst for our already world class aerospace business. MB is an exceptional strategic fit for us with highly complementary program focus, global operations, technical capabilities, and product offerings. Like Barnes Aerospace, MB possesses a history and culture of operational and technical excellence through a skilled workforce, and global footprint that will help us drive productivity across the combined entity," said Thomas J. Hook, President and Chief Executive Officer of Barnes. "With manageable leverage, the realization of approximately $18 million in identified annual run-rate cost synergies, disciplined cash management, and a focus on core business execution, we anticipate solid returns on invested capital for this transaction. Coupled with Barnes' progressing multi-phase transformation initiative, we expect to deliver enhanced shareholder value," added
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STLA | Hot Stocks08:43 EDT Stellantis, Galoo to form JV for end-of-life vehicle recycling - Stellantis N.V. and Galloo announced they have signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture focused on End-of-Life Vehicle recycling as part of the automaker's continued commitment to build its circular economy activities. The Stellantis-Galloo joint venture will work with selected Authorized Treatment Facilities to collect ELVs from the last owner, enabling the recovering of parts for reuse, remanufacturing, and recycling. The service is expected to launch at the end of 2023 with an initial focus on France, Belgium and Luxembourg, and then expanding across Europe. The joint venture will offer its services to other automakers. The transaction is subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals.
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CWBR | Hot Stocks08:42 EDT CohBar, Morphogenesis announces results from Phase 1b trial of IFx-Hu2.0 - Morphogenesis and CohBar announced initial results from an exploratory analysis of anti-tumor responses to rechallenge with an ICI following protocol directed IFx-Hu2.0 therapy among patients with advanced MCC or cSCC who exhibited primary resistance to ICIs. The abstract titled, "Phase 1b trial of IFx-Hu2.0, a novel personalized cancer vaccine, in checkpoint inhibitor resistant Merkel cell carcinoma and cutaneous squamous cell carcinoma," was presented by Andrew Brohl, MD, H. Lee Moffitt Cancer Center and Research Institute in a poster presentation as part of the Melanoma/Skin Cancers - Advanced/Metastatic Diseases session held at the 2023 American Society of Clinical Oncology (ASCO) Annual Meeting, taking place June 2-6, 2023 in Chicago, IL. IFx-Hu2.0 is Morphogenesis' lead personalized cancer vaccine candidate that is designed to overcome primary resistance to checkpoint inhibitors. In a Phase 1 study in advanced melanoma, biomarker analyses demonstrated robust immune priming effects of IFx administration. The ongoing Phase 1b study evaluates IFx-Hu2.0 in a two-stage study design to assess safety and to examine the effects of repeated weekly dosing up to 3 weeks on the magnitude of the ensuing systemic immune response to determine the optimal dose and schedule for the company's planned Phase 2/3 registration directed trial. As reported at ASCO, following completion of protocol directed therapy, 5 patients with advanced MCC and 2 patients with cSCC who, prior to study entry, failed anti-PD(L)1 therapy were re-treated with anti-PD(L)1 monotherapy: pembrolizumab or avelumab in MCC and cemiplimab in cSCC. Four of 5 patients with advanced MCC and 1 of 2 patients with cSCC, or 5 of 7 total, experienced objective anti-tumor responses to ICI rechallenge in this setting, with duration of response ongoing in 4 patients and one response lasting 23 months. All 4 patients with advanced MCC with post-protocol response to anti-PD(L1) therapy had previously experienced progression to this same drug class prior to treatment on protocol. Based on the positive preliminary results seen to-date, an additional 11 patients are planned for enrollment in the expansion stage of the Phase 1b study using the weekly x 3 dosing schedule. Additional exploratory/biomarker analyses are planned.
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B | Hot Stocks08:42 EDT Barnes Group to realize$18M in cost synergies with acquisition of MB Aerospace - "The acquisition of MB Aerospace, the largest in Barnes' history, is a transformational opportunity that is a significant catalyst for our already world class aerospace business. MB is an exceptional strategic fit for us with highly complementary program focus, global operations, technical capabilities, and product offerings. Like Barnes Aerospace, MB possesses a history and culture of operational and technical excellence through a skilled workforce, and global footprint that will help us drive productivity across the combined entity," said Thomas J. Hook, President and Chief Executive Officer of Barnes. "With manageable leverage, the realization of approximately $18M in identified annual run-rate cost synergies, disciplined cash management, and a focus on core business execution, we anticipate solid returns on invested capital for this transaction. Coupled with Barnes' progressing multi-phase transformation initiative, we expect to deliver enhanced shareholder value," added Hook.
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ENLT DOX | Hot Stocks08:41 EDT Enlight Renewable to supply renewable energy to Amdocs - Enlight Renewable Energy (ENLT) has entered into a corporate power purchase agreement with Amdocs (DOX). Under the agreement, Enlight will supply green energy to Amdocs to power the software giant's new office campus in Israel. The PPA, which extends for 12 years, is expected to account for 100% of the energy consumption at Amdocs' new innovative campus "Amdocs Park," which spans dozens of acres. The electricity, which will be sold at a competitive price, will be sourced from Enlight's solar and storage facilities currently under construction in Israel. The agreement marks the first corporate PPA Enlight has signed as part of the new market regulation in Israel.
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OPCH AMED | Hot Stocks08:41 EDT Option Care Health issues statement on proposed merger with Amedisys - Option Care Health (OPCH) filed with the U.S. Securities and Exchange Commission a registration statement on Form S-4 containing a joint proxy statement/prospectus in connection with its proposed merger with Amedisys (AMED). Option Care Health issued the following statement reiterating its belief in the near- and long-term value creation opportunities Option Care Health's transaction with Amedisys is expected to deliver to stockholders of both companies: "Option Care Health's previously announced definitive merger agreement with Amedisys delivers significant value to Amedisys and Option Care Health stockholders, a high degree of certainty in obtaining the required regulatory approvals due to the complementary nature of the parties' businesses, and benefits patients, providers, payers, and care teams. Our compelling all-stock transaction, expected to close in the second half of 2023, allows stockholders of both companies to participate in the upside of the combined company, which will be a differentiated leader in home health and alternate site care with unmatched scale and a unique cash flow profile. Specifically, the combined company is expected to generate: More than $500 million in annual cash flow by 2025; Approximately $1 billion in combined Adjusted EBITDA by 2027; More than $9 billion in combined revenue by 2027; Approximately $75 million of run rate revenue and cost synergies by 2027; More than 10% in combined Adjusted EBITDA margin"
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NCMI | Hot Stocks08:40 EDT National CineMedia enters affiliate transaction agreement with Regal Cinemas - National CineMedia announced that it has entered into a new long-term network affiliate transaction agreement with Regal Cinemas. Through the agreement, NCM acquires the exclusive right to provide on-screen advertisements at Regal Cinemas' over 6,000 screens and 450 theaters. NCM will run its industry leading Noovie show, featuring hundreds of national, regional, and local advertisers, as well as the high impact Platinum ad unit within the trailers, on Regal Cinemas' screens across the United States. The Agreement is subject to approval by the United States Bankruptcy Court for the Southern District of Texas, which is expected to occur on or before June 30, 2023. This Agreement represents a major milestone in the NCM's restructuring and culminates its successful mediation with Regal Cinemas.
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B | Hot Stocks08:40 EDT Barnes Group to acquire MB Aerospace in deal with enterprise value of $740M - Barnes Group announced that it has entered into a definitive agreement to acquire MB Aerospace. MB Aerospace is a leading provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers for an enterprise value of approximately $740M. The transaction is expected to close in the fourth quarter of 2023, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions. MB Aerospace maintains its corporate headquarters in Motherwell, U.K. with an additional 10 facilities and approximately 1,450 employees across the U.S., U.K., Poland, and Taiwan. MB's core capabilities include the manufacture of high-value fabricated assemblies and complex machined components, component repair, and vertically integrated special processes. The business supplies over 100 aero-engine platforms, with exposure to leading A&D industry customers including Pratt & Whitney, Rolls-Royce, and General Electric. MB Aerospace is projected to generate approximately $330M of revenue and $65M of EBITDA in calendar year 2023. Barnes anticipates that the effective purchase price multiple will be approximately 11.4x 2023 EBITDA and 8.9x inclusive of pro forma estimated run rate cost synergies. Upon closing of the transaction, MB Aerospace will become part of Barnes Aerospace. Barnes expects to finance the transaction with cash on hand and additional acquisition financing. Upon closing, Barnes estimates net leverage to be between 3.7x and 3.9x Consolidated EBITDA, with a plan to reduce net leverage to below 3.0x within 12 months and 2.5x within 24 months following closing.
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NEXI | Hot Stocks08:40 EDT Neximmune presents data from NEXI-001 Phase 1 trial - NexImmune announced results from its Phase 1/2 clinical trial of NEXI-001 in patients with relapsed/refractory acute myeloid leukemia post-allogeneic hemopoietic stem cell transplant. In this clinical trial to date, NEXI-001 is well tolerated with a favorable safety profile while eliciting an immune response to target antigens and a clinical effect in some patients. The data describing two patients from the dose escalation study of NEXI-001 are being presented in a poster session at the American Society of Clinical Oncology 2023 Annual Meeting in Chicago on Monday, June 5 at 8 AM in Hall A. The goals of the NEXI-001 Phase 1 clinical trial are to evaluate the safety, tolerability, immune response, and clinical activity of the antigen-specific CD8+ NEXI-001 T cells, as well as to inform the range of patient characteristics and to determine the recommended Phase 2 dose. The dose escalation phase of the study included patients who have relapsed acute myeloid leukemia post allo-HSCT and are refractory to salvage therapy. All patients in the study, except one, relapsed after, or were refractory to, subsequent salvage therapies. A majority of patients had three-to-four adverse risk characteristics linked to poor prognosis in addition to poor prognostic patients with extramedullary disease. Three dose-ascending cohorts of patients were enrolled in the study, with potential doses ranging from a single dose of 50 million NEXI-001 T cells to multiple doses of up to a total of 1.2 billion NEXI-001 T cells. To date, the maximum dose evaluated has been 600 million NEXI-001 T cells. The study includes a lymphodepletion chemotherapy following a baseline bone marrow biopsy. To date, 11 patients have completed the dose-limiting toxicity period and one patient is currently ongoing in the first month of protocol treatment. Through all dose levels to date, NEXI-001 maintains a favorable tolerability profile with no grade 3 or greater treatment related SAEs. Two patients experienced grade 2 CRS which resolved within 24 hours with tocilizumab therapy. No cases of ICANS have occurred as of May 2023. Patients treated with NEXI-001 experienced rapid reconstitution of both CD8+ and CD4+ T-cell subtypes after lymphodepletion chemotherapy. Clinicians observed persistence of antigen-specific T cells in both peripheral blood and bone marrow with evidence of clinical activity including tumor burden reduction, increased chimerism and improved ECOG scores. The antigen-specific T cells maintain less-differentiated immunophenotypes, including stem-cell-like T cells over time in both blood and bone marrow. Additionally, a marked increase in the antigen specificity of CD8+ T cells in the bone marrow resulted with increasing dose levels. Six of 11 patients across all dose levels experienced stable disease for some period, including a stable clinical response in one patient and one CR for up to 9 months in cohort 2 which was reported in the ASCO poster. Data continue to support potential dose response with 600 million total cells infused during Cycle 1 being the maximum dose evaluated as of May 2023. Additional cycles or dose increases are anticipated to offer benefit in the designed expansion phase of the study. One patient in Cohort 3 with a poor prognostic extramedullary relapse of AML manifested by pericardial and bilateral pleural effusions resulting in symptoms of moderate to severe dyspnea was enrolled in the highest dosing cohort. After one cycle of protocol therapy the patient became asymptomatic and repeat PET/CT scans document that the effusions regressed to minimal volumes. This extramedullary clinical response has been maintained for up to 7 months and is updated from the 3 months described in the ASCO poster. These data indicating both immunologic and clinical dose responses and observed durability in the patient at the higher dose support further clinical study of NEXI-001.
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AMAM | Hot Stocks08:39 EDT Ambrx Biopharma appoints Jared Kelly as general counsel - Ambrx Biopharma announced the appointment of Jared Kelly as Senior Vice President, General Counsel and Corporate Secretary. He will be responsible for developing and overseeing the legal strategy of the company and for providing legal guidance to the company's board of directors, executive management team and other business units. "Ambrx welcomes Jared Kelly, whose wealth of experience as a member of world-leading law firms representing public companies in corporate and securities law, particularly in the biotech sector, makes him a tremendous asset to our team," said Daniel J. O'Connor, CEO.
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AMRS | Hot Stocks08:39 EDT Amyris initiates strategic transformation program, secures funding - Amyris announced that its Board of Directors has engaged the Business Recovery Services unit of PricewaterhouseCoopers and established a subcommittee of the Board, made up of three independent directors, working with Management, to execute on a transformation program to accelerate improvements to the Company's cost and capital structure and liquidity. John Melo, Chief Executive Officer and President, commented, "We are pleased with the support of the PwC team as well as our board Restructuring Committee on the expansion and acceleration of our "Fit to Win" efficiency and cost reduction program. It is an important and necessary step in the evolution of Amyris to reduce our cost base, improve our operational effectiveness and achieve sustainable growth while continuing to execute the delivery of sustainable chemistry through our Lab to MarketTM capabilities and invest in our leading consumer brand portfolio. We are executing our strategy and accelerating our path to profitability."
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U | Hot Stocks08:38 EDT Unity director sells $3.49M in common stock - In a regulatory filing, Unity disclosed that its director Shlomo Dovrat sold 116.8K shares of common stock on June 1st in a total transaction size of $3.49M.
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SLF | Hot Stocks08:37 EDT Sun Life appoints Garg as SVP, Corporate Development, Investor Relations - Sun Life Financial announced the appointment of David Garg as Sun Life's Senior Vice-President, SVP, Corporate Development and Investor Relations. David joined Sun Life in November 2021 as Senior Vice-President of Corporate Development, and since that time has led mergers, acquisitions and strategic investments across the company. In this expanded role, David will be responsible for developing Sun Life's investor communications and managing relationships with institutional investors, sell-side analysts and rating agencies. Yaniv Bitton, who is currently Vice-President, Head of Investor Relations & Capital Markets, will take on a new role as Vice-President and CFO, Retail Advice & Solutions for Sun Life Canada.
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CRS | Hot Stocks08:36 EDT Carpenter Technology appoints Colleen Pritchett to board - Carpenter Technology Corporation announced that Colleen Pritchett has been appointed to the Company's Board of Directors, effective June 1, 2023. Ms. Pritchett is currently the President, Aperture Solutions - U.S. at Cornerstone Building Brands.
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SVT STRR | Hot Stocks08:36 EDT Servotronics announces Star Equity withdrew its two board nominees - Servotronics (SVT) announced that on June 1, 2023 Star Equity Fund, L.P. notified the Company that Star Equity (STRR) was withdrawing its two nominees for election to the Company's Board of Directors. The withdrawal of Star Equity's nominees is not the result of any concessions by the Company nor a negotiated settlement with Star Equity. Due to the limited time between Star Equity's withdrawal of its nominees and the June 9, 2023 Annual Meeting, Servotronics is not able to provide shareholders a revised proxy card that does not include the withdrawn nominees. Shareholders who wish to vote on the election of directors and other proposals to be considered at the Annual Meeting should vote on the Company's BLUE proxy card or voting instruction form.
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BCEL | Hot Stocks08:36 EDT Atreca presents data from ongoing Phase 1b study of ATRC-101 - Atreca announced that Dr. Bartosz Chmielowski, Health Sciences Clinical Professor of Medicine in the Division of Hematology-Oncology at the University of California Los Angeles, presented safety and efficacy data from the ongoing Phase 1b study of ATRC-101 in patients with select advanced solid tumors cancer during an oral abstract session on Sunday, June 4 at the American Society of Clinical Oncology 2023 Annual Meeting. The presentation provided a summary of clinical data collected as of a February 17, 2023, data cut-off date. As of the data cut-off date of February 17, 71 participants had been dosed in the trial and evaluated for safety, with 62 participants receiving either the 3, 10 or 30 mg/kg dose including 42 participants receiving ATRC-101 monotherapy every 3 weeks, 11 receiving ATRC-101 monotherapy every 2 weeks, and 9 receiving a combination of ATRC-101 and pembrolizumab. Participants enrolled in the study had received a median of five prior lines of treatment. ATRC-101 has been generally well-tolerated. Treatment emergent adverse events of Grade greater than or equal to3 occurred in 27 participants and were deemed related to ATRC-101 in 2. None led to treatment discontinuation or dose reduction due to ATRC-101. Atreca continued to observe that high target expression discriminates for anti-tumor activity in the 3, 10 and 30 mg/kg dose cohorts. Among the 17 participants with a high target expression at screening treated with monotherapy at the higher dose levels, disease control was observed in 59% including 9 patients with stable disease and one patient with a partial response. With combination patients included, disease control was observed in 14 including 12 SD, 1 PR and 1 CR. Longer progression-free survival was observed in patients with high target expression treated in the 3, 10 and 30 mg/kg dose cohorts. A hazard ratio of 0.47 was observed in a Kaplan Meier analysis of monotherapy patients treated at the higher dose levels separated by H-score. A hazard ratio of 0.40 was observed in the Kaplan Meier analysis of combination therapy patients separated by H-score.
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PMTS | Hot Stocks08:36 EDT CPI Card Group says CEO Scott Scheirman intends to retire February 28 - CPI Card Group announced that Scott Scheirman has informed the Board of Directors of his intention to retire as President and Chief Executive Officer. Scheirman will continue to serve as President and Chief Executive Officer until a successor is named and intends to retire from the Company effective February 28, 2024 providing ample time for the selection of a successor and a smooth transition of leadership. CPI's Board of Directors has a succession plan in place to identify and evaluate candidates and expects to name a new CEO in late 2023 or early 2024. In retirement, Scheirman plans to spend more time with his family and return to volunteer work with community organizations focused on helping kids.
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CERS | Hot Stocks08:36 EDT Cerus awarded $8.7M contract amendment by DoD - Cerus announced that it has been awarded an additional $8.7M contract amendment to the original $9.1M contract by the U.S. Department of Defense, or DoD, Industrial Base Analysis and Sustainment, or IBAS, program for the development of pathogen reduced, lyophilized cryoprecipitate to treat bleeding due to trauma. Cerus' LyoCryo product is being designed for shelf stability, rapid availability, and portability, enabling administration to patients in remote environments with the aim of increasing survival from traumatic injury bleeding.
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VTOL | Hot Stocks08:34 EDT Bristow Group releases second Sustainability Report - Bristow Group released its second Sustainability Report, expanding upon the achievements outlined in last year's inaugural report, further demonstrating the Company's commitment to responsible growth and environmental stewardship, highlighting its role as a sustainability leader within the vertical lift industry. "Sustainability means striking the right balance between our economic, social, and environmental responsibilities," said Bristow President and CEO, Chris Bradshaw. "We must strive to have as limited an impact on our local environments as possible. We must also ensure our operations remain robust through the contributions of a diverse and engaged workforce, providing the safe and exemplary service customers have come to expect from us over the past 75 years. This report demonstrates our forward progress on this journey."
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WSPOF | Hot Stocks08:33 EDT WSP Global completes acquisition of Calibre - WSP Global completed the acquisition of Calibre Professional Services One, in Australia. With the addition of Calibre's 800 professionals, WSP strengthens its position as a leading provider of services across the full mining asset life cycle. WSP's mining team now represents over 5,200 professionals globally, including 1,400 experts in Australia, and benefits from an enhanced ability to support blue-chip mining clients in Western Australia.
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PBAX CERO | Hot Stocks08:33 EDT CERo Therapeutics to become public through Phoenix Biotech Acquisition pact - CERo Therapeutics and Phoenix Biotech Acquisition (PBAX), a special purpose acquisition company formed for the purpose of acquiring or merging with one or more businesses, announced they have entered into a definitive business combination agreement. Upon closing of the transaction, anticipated to occur in the second half of 2023, the combined company will be named CERo Therapeutics Holdings and will be led by CERo and PBAX's founding members, including Daniel Corey, CERo's CEO, Chris Ehrlich, PBAX's CEO, and Brian G. Atwood, the chairman of PBAX. The combined company's common stock is expected to be listed on the Nasdaq Capital Market under the ticker symbol (CERO). Atwood will serve as CEO of the combined company, Ehrlich will serve as its CFO and COO and Corey will serve as its CTO. The resources of the combined company are expected to provide CERo with the capital to advance CER-1236, its lead product candidate, into clinical trials for hematologic malignancies and expand the clinical development of CER-1236 into other difficult to treat cancers, including solid tumors. Upon the closing of the business combination, and assuming no redemptions of shares of PBAX by its public stockholders, CERo would expect to receive up to $13.7M of cash held in trust. The business combination reflects a pre-money equity value of $50M for CERo and a pro forma capitalization of the combined company of $145M. The business combination is subject to a minimum cash condition of $30M, net of transaction expenses, which is expected to be funded through proceeds of the trust account and additional financing, including investments from existing stockholders of CERo. The parties intend to seek to secure such additional financing through a private placement. The boards of directors of both CERo and PBAX have unanimously approved the proposed transaction with expected completion in the second half of 2023. The closing of the transaction is subject to approval of PBAX shareholders and the satisfaction, or waiver of, the minimum cash condition and certain other customary closing conditions.
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ARDX | Hot Stocks08:32 EDT Ardelyx says proxy advisory firms recommend shareholders vote for share increase - Ardelyx announced that proxy advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co have recommended that Ardelyx stockholders vote "FOR" the Company's proposal to amend the Company's certificate of incorporation to increase Ardelyx's authorized shares of common stock from 300 million to 500 million shares. In the report dated May 29, 2023, ISS noted that "A vote FOR this proposal is warranted given that the size of the proposed increase in the number of authorized shares of common stock is reasonable and there are no substantial concerns about the company's past use of shares."
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AZN DSNKY | Hot Stocks08:32 EDT AstraZeneca announces updates results from TROPION-Lung02 Phase Ib trial - Updated results from the TROPION-Lung02 Phase Ib trial showed that, with additional enrolment and follow-up from the initial presentation, datopotamab deruxtecan in combination with pembrolizumab with or without platinum-based chemotherapy demonstrated promising clinical activity and no new safety signals in both previously untreated or pretreated patients with advanced or metastatic non-small cell lung cancer, NSCLC, without actionable genomic alterations. Results will be presented on 6 June in an oral presentation at the 2023 American Society of Clinical Oncology, ASCO. Datopotamab deruxtecan is a specifically engineered TROP2-directed DXd antibody drug conjugate being jointly developed by AstraZeneca (AZN) and Daiichi Sankyo (DSNKY). Across previously untreated and pretreated patients, an objective response rate, ORR, of 38% was observed in patients receiving doublet datopotamab deruxtecan plus pembrolizumab, an anti-PD-1 therapy. In patients receiving triplet datopotamab deruxtecan plus pembrolizumab and platinum chemotherapy, an ORR of 49% was observed. Disease control rates, DCR, of 84% and 87% were observed in the doublet and triplet cohorts, respectively. Median duration of response was not reached across cohorts. Although immature, median progression-free survival was 8.3 months in the doublet cohort and 7.8 months in the triplet cohort. Response rates were highest in previously untreated patients with ORRs of 50% and 57% observed in the doublet and triplet cohorts, respectively, with a consistent DCR of 91% observed across cohorts. The safety profiles of datopotamab deruxtecan-based combinations were consistent with previous data with no new safety signals observed. Grade 3 or greater treatment-related adverse events occurred in 31% of patients receiving doublet therapy and 58% of patients receiving triplet therapy. The most frequent adverse events of any Grade in the doublet and triplet cohorts, respectively, were stomatitis, nausea, anaemia and fatigue. Eighty percent of patients in the doublet cohort and 73% of patients in the triplet cohort had PD-L1 tumour proportion scores of less than 50%, including 36% and 40% of patients who had PD-L1 tumour proportion scores of less than 1% in the doublet and triplet cohorts, respectively. As of the April 7, 2023 data cut-off, 36% and 46% of patients remained on the doublet and triplet therapy, respectively.
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ADXS | Hot Stocks08:32 EDT Ayala Pharmaceuticals announces updated RINGSIDE Phase 2 results - Ayala Pharmaceuticals announced further results from the Phase 2 segment of the RINGSIDE study evaluating AL102 in desmoid tumors. The results were presented in a Poster Discussion Session at the 2023 American Society of Clinical Oncology Annual Meeting on Saturday, June 3. AL102 is a once-daily, potent, selective, oral gamma-secretase inhibitor. The ongoing Phase 2/3 RINGSIDE clinical trial is a randomized, global multi-center study evaluating AL102 in patients with progressing desmoid tumors. The study consists of two parts: Phase 2 is an open-label, dose regimen-finding study; Phase 3 is a double blind, placebo-controlled study utilizing the 1.2 mg once daily dose regimen selected based on data from Phase 2. The study also includes an open label extension enrolling patients who were on active drug at the end of Phase 2, as well as crossover patients from Phase 3. In the Phase 2 segment of RINGSIDE, Patients were randomized to one of three dose regimens of AL102: either 1.2 mg once-daily, 4 mg twice a week or 2 mg BIW. Enrollment of all 42 patients into Phase 2 was completed as of March 2022. As of January 3, 2023, median time on study was 10.3 months and 30 patients were still on study,10 of whom rolled over to the open label extension. Efficacy Results In the intention-to-treat population, partial responses were observed in 43% of patients in the 1.2 mg QD group, 21.4% of patients in the 4 mg BIW group, and 36% in the 2 mg BIW group. There was a consistent pattern of deeper, more rapid and persistent tumor responses as measured by volume reduction, T2W signal intensity and RECIST with AL102 1.2 mg daily than with intermittent doses. The decrease in T2W, as measured by MRI, reflects a decrease in tumor cellularity and is considered a strong indicator of anti-tumor activity in desmoid tumors. Tumor volume shrinkage consistently deepens over time and some patients who may not have had PRs by RECIST early in treatment may evolve to PRs with longer follow-up. AL102 was generally well tolerated with a manageable safety profile across all dose arms. The safety profile was consistent with the GSI class of drugs. Regardless of dose regimen, adverse events were predominantly Grade 1 or Grade 2. There were no Grade 4 or Grade 5 related AEs. Serious AEs were reported in 6 of 42 patients and assessed as unrelated to AL102 by investigators. There were no new safety signals. Discontinuation due to AEs occurred in 6 of 42 patients. These were due to Grade 2 rash, keratitis, stomatitis, diarrhea, ALT elevation. All occurred within 3 months of treatment initiation. Ovarian dysfunction was reported in 11 of 23 women of childbearing potential across all dose arms, but in only 3 of 9 women who received the 1.2 mg once-daily dose. The registration-enabling Phase 3 segment is enrolling patients globally.
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ELMD | Hot Stocks08:30 EDT Electromed appoints Jim Cunniff as new President and CEO - Electromed announced the appointment of Jim Cunniff as its new President and Chief Executive Officer effective July 1. Mr. Cunniff will also join Electromed's Board of Directors. "We are pleased to announce the appointment of Jim Cunniff as president and CEO," said Lee Jones, Chair of the Board. "Jim is a proven executive with deep experience driving growth and profitability through excellence in products and services that benefit patients and support care teams.
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INAB | Hot Stocks08:29 EDT IN8bio announces INB-200 Phase 1 data update in glioblastoma - IN8bio announced updated data from the ongoing Phase 1 clinical trial of INB-200 in patients with newly diagnosed glioblastoma multiforme. The data were featured as one-of-four oral presentations and the only Phase 1 study during the immunotherapy section of the Central Nervous System Tumors session at the American Society of Clinical Oncology 2023 Annual Meeting in Chicago, Illinois. The oral presentation at ASCO includes efficacy and safety data as of a data cutoff of April 30, 2023. Eight patients have been treated with INB-200: three in Cohort 1, four in Cohort 2 and one in Cohort 3. As of May 19, 2023 key findings from the ongoing study include: Cohort 1 patients remained progression-free at 8.3, 11.9, and 7.4 months, with respective overall survival of 15.6, 17.7, and 9.6 months. Two patients in Cohort 2 remain alive and progression-free at 23.5 and 19.4 months, respectively, exceeding median OS of GBM patients without progression. In Cohort 3, the first patient dosed received five of six planned doses of gamma-delta T cells and had a progression-free survival of 7.1 months and OS of 11.8 months with no evidence of additional toxicities. This patient who had an LZRT1 mutation experienced a rare leptomeningeal relapse, along with widespread relapse in their liver, lungs and pelvis. However, there was no progression in their brain, where INB-200 was administered. No treatment-related deaths have been reported in any cohort. Six deaths were observed, three due to progression of disease and three unrelated to either treatment or progression. No treatment-related serious adverse events, dose-limiting toxicities cytokine release syndrome, infusion reactions, or immune effector cell-associated neurotoxicity syndrome have been reported in any cohort. The most common treatment emergent adverse events were white blood cell and platelet count decreases related to standard-of-care temozolomide, asthenia, headache and hydrocephalus, mostly Grade 1-2. Three additional patients have been consented in Cohort 3 to date and are advancing through treatment.
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TSHA | Hot Stocks08:27 EDT Taysha Gene Therapies announces first patient dosed with TSHA-102 - Taysha Gene Therapies announced that the first patient has been dosed with TSHA-102 in the Phase 1/2 REVEAL trial evaluating the safety and preliminary efficacy of TSHA-102 in adult patients with Rett syndrome. TSHA-102 is a self-complementary intrathecally delivered AAV9 investigational gene transfer therapy that utilizes a novel miRNA-Responsive Auto-Regulatory Element platform designed to regulate cellular MECP2 expression. The study is being conducted at CHU Sainte-Justine, the Universite de Montreal mother and child university hospital centre in Montreal, Canada. The Phase 1/2 REVEAL trial is a first-in-human, open-label, randomized, dose-escalation and dose-expansion study evaluating the safety and preliminary efficacy of TSHA-102 in adult females with Rett syndrome due to MECP2 loss-of-function mutation. Participants will receive a single lumbar intrathecal injection of TSHA-102. Dose escalation will evaluate two dose levels of TSHA-102 sequentially, with an initial dose of 5x1014 total vector genomes and the second dose of 1x1015 vg. The maximum tolerated dose or maximum administered dose established will then be administered during dose expansion. Per the protocol, an independent data monitoring committee will review available safety data from the first patient at approximately six weeks post-dosing to determine if the Company can proceed with dosing the second patient. Initial available clinical safety data will be reported at Taysha's upcoming R&D Day on June 28, 2023
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XPDB | Hot Stocks08:26 EDT Power & Digital Infrstre Aqstn II Corp trading halted, news pending
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IMRX | Hot Stocks08:26 EDT Immuneering completes dose escalation in IMM-1-104 Phase 1 trial - Immuneering Corporation announced the completion of the dose-escalation portion of the Phase 1/2a study for its lead asset IMM-1-104 in patients with advanced solid tumors. The study's Safety Review Committee completed its evaluation and determined that doses up to and including 320 mg once daily are tolerable with no dose limiting toxicities. Enrollment in the Phase 1b expansion portion of the study will now commence and is designed to evaluate two dosing cohorts of 12 patients each at an oral dose of 240mg or 320 mg once daily. Three patients already enrolled in the study have been dosed at the 320 mg dose level. In April 2023, Immuneering presented initial Phase 1 PK, PD and safety data for IMM-1-104 at the American Association for Cancer Research annual meeting. IMM-1-104 achieved significant levels of PK Cmax, demonstrated a half-life of approximately two hours, as predicted, and was well tolerated with no dose limiting toxicities. Upon review of the cumulative data from the eight patients dosed in the Phase 1a study, the SRC endorsed 240 mg daily and 320 mg daily as the dose levels for the expansion cohort and agreed with initiating the Phase 1b expansion.
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BBCP | Hot Stocks08:24 EDT Concrete Pumping upsizes lending facility to $225M - Concrete Pumping Holdings announced that Brundage-Bone Concrete Pumping Holdings, a wholly-owned subsidiary of the Company, has amended and restated its existing ABL credit agreement to provide up to $225 million of commitments and extend the maturity of the ABL Facility to June 1, 2028. The $50 million in incremental commitments was provided by PNC Bank, National Association, who joins the facility as a joint lead arranger, and $15 million in incremental commitments was provided by JPMorgan Chase Bank, N.A.
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AMRK | Hot Stocks08:23 EDT A-Mark Precious Metals increases share repurchase program up to 1M shares - The board of directors of A-Mark Precious Metals has authorized an increase in the number of shares which may be repurchased under the Company's existing share repurchase program and extended the expiration date of the program from June 30, 2023 to June 30, 2028. Under the revised program, A-Mark is authorized to repurchase up to 1,000,000 shares of its outstanding common stock, in addition to the 335,735 shares repurchased under the program as of March 31, 2023.
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DARE | Hot Stocks08:23 EDT Dare Bioscience announces topline data from Phase 2b RESPOND study - Dare Bioscience announced data from the exploratory Phase 2b RESPOND study evaluating topical Sildenafil Cream, 3.6% as a treatment for female sexual arousal disorder. The exploratory study was designed to test the sensitivity of several patient reported outcome efficacy endpoints and their ability to determine a treatment effect of Sildenafil Cream compared to placebo to inform the ongoing development of Sildenafil Cream. The study also served as a validation study of exploratory endpoints that could be candidate endpoints in a Phase 3 study of Sildenafil Cream. Although the exploratory study was underpowered to assess statistical significance, certain endpoints achieved statistical significance. FSAD is the inability to reach or maintain a sufficient physical response to sexual stimulation and, of the various types of female sexual dysfunction disorders, FSAD is most analogous to erectile dysfunction in men. Sildenafil, a phosphodiesterase-5 inhibitor, is the active ingredient in a tablet for oral administration currently marketed under the brand name Viagra for the treatment of ED in men. Sildenafil Cream is an investigational proprietary topical cream formulation of sildenafil specifically designed to increase blood flow to the genital tissue in women. If development is successful, Sildenafil Cream has the potential to be the first FDA-approved treatment for FSAD. Market research suggests that 16% of women in the U.S. ages 21 to 60, or approximately 10 million women, are distressed from experiencing symptoms associated with FSAD, including lack of or low sexual arousal, and are actively seeking solutions to improve their condition. In comparison, the prevalence of complete ED in men is estimated to be about 5% of men at age 40, increasing to about 15% at age 70. Unlike the oral formulations of PDE-5 inhibitors, Sildenafil Cream is designed to be applied locally to the vulvar-vaginal tissue prior to sexual activity to facilitate vasodilation and increase blood flow directly to the genital tissue to improve the physical arousal response to address the lack of those genital arousal sensations commonly associated with FSAD. Increasing blood flow to the genital tissue, as Sildenafil Cream is designed to do, has the potential to improve genital arousal response and overall sexual experience for women. This is similar to the way ED medications work in men by directing blood flow to the genitals when taken prior to sexual activity. Dare plans to submit data from the Phase 2b RESPOND clinical study of Sildenafil Cream for publication in a peer-reviewed journal.
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AZN | Hot Stocks08:23 EDT AstraZeneca says Enhertu showed ORR of 37.1% in DESTINY-PanTumor02 Phase 2 trial - "Positive" results from an interim analysis of the ongoing DESTINY-PanTumor02 Phase II trial showed that Enhertu demonstrated clinically meaningful and durable responses across a broad range of HER2-expressing advanced solid tumors in previously treated patients, AstraZeneca announced. These results will be presented today as a late-breaking oral presentation at the 2023 American Society of Clinical Oncology, or ASCO, Annual Meeting. In the trial, previously treated patients with HER2-expressing advanced solid tumors including either biliary tract, bladder, cervical, endometrial, ovarian and pancreatic cancers or other tumors treated with Enhertu showed a confirmed objective response rate, or ORR, of 37.1%, as assessed by investigator at an interim analysis. A greater response was observed in patients with the highest level of HER2 expression, where Enhertu demonstrated a confirmed ORR of 61.3% as confirmed by central testing. A complete response, or CR, was observed in 15, or 5.6%, patients in the overall trial population, with 84, or 31.5%, partial responses observed, and 123, or 46.1%, patients achieving stable disease. The disease control rate, or DCR, in the overall trial population was 68.2%, as assessed by investigator.
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KTOS | Hot Stocks08:21 EDT Kratos Defense awarded $47.6M contract by U.S. Navy - Kratos Defense & Security Solutions has been awarded a contract by the Naval Surface Warfare Center Dahlgren Division for thermo-mechanical and aerothermal ground testing of thermal protection system materials in ballistic reentry and reentry-like environments in its Kratos SRE business unit in Birmingham, Alabama. The five-year contract includes options with a total value up to $46.7 million, with an initial award of $8.6 million under a cost-plus-fixed-fee contract.
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RANI | Hot Stocks08:20 EDT Rani Therapeutics, Celltrion expand partnership for RT-105 - Rani Therapeutics Holdings announced that it has expanded its partnership with Celltrion by entering into an agreement for the development of RT-105, an orally administered adalimumab biosimilar. Rani's first partnership with Celltrion, for the development of RT-111, an orally administered ustekinumab biosimilar, was announced in January of this year. Under the terms of the new license and supply agreement, Celltrion will exclusively supply to Rani the adalimumab biosimilar drug substance required for RT-105. Rani is granted an exclusive license to use CT-P17 in the development and commercialization of RT-105, and Celltrion is granted a right of first negotiation to acquire worldwide rights to RT-105 following a Phase 1 study.
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ENPH | Hot Stocks08:19 EDT Enphase Energy, Blue Raven expand solar deployments across U.S. - Enphase Energy announced that Blue Raven Solar, a solar company based in the United States, is expanding the adoption of Enphase Energy Systems powered by IQ8 Microinverters.
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APO T | Hot Stocks08:18 EDT Apollo Funds to invest $2B in preferred equity of AT&T Mobility II - Apollo (APO) has agreed to invest $2B in preferred equity securities to be issued by AT&T Mobility II LLC, a subsidiary of AT&T (T). AT&T Mobility II LLC will use the proceeds from the investment to partially replace the $8B of preferred interests that were outstanding prior to the fourth quarter of 2022. The investment, expected to be completed in June 2023, allows Apollo's insurance and institutional clients to access investment-grade rated securities in one of the nation's leading wireless businesses.
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LUMN | Hot Stocks08:17 EDT Lumen announces Quantum Fiber internet available in 18 cities - Quantum Fiber, a Lumen Technologies brand, releases gig and multi-gig speed internet in 18 cities. "We are a nation of foot-tappers, and no one wants to have to wait on their internet performance. With Quantum Fiber, our customers and small businesses don't have to slow down. We live in a digital society and connecting people is important work. With each new city, thousands more people gain access to our reliable internet. It's an investment with rippling benefits for not only families and businesses, but also our larger work to support digital inclusion," said Maxine Moreau, Lumen president of mass markets.
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AZN | Hot Stocks08:17 EDT AstraZeneca reports interim analysis from DESTINY-PanTumor02 trial - Results from an interim analysis of the ongoing DESTINY-PanTumor02 Phase II trial showed that Enhertu demonstrated clinically meaningful and durable responses across a broad range of HER2-expressing advanced solid tumors in previously treated patients. These results will be presented as a late-breaking oral presentation at the 2023 American Society of Clinical Oncology, or ASCO, annual meeting. Enhertu is a specifically engineered HER2-directed antibody drug conjugate, or ADC, being jointly developed and commercialized by AstraZeneca and Daiichi Sankyo. In the trial, previously treated patients with HER2-expressing advanced solid tumors including either biliary tract, bladder, cervical, endometrial, ovarian and pancreatic cancers or other tumors treated with Enhertu showed a confirmed objective response rate, or ORR, of 37.1%, as assessed by investigator at an interim analysis. A greater response was observed in patients with the highest level of HER2 expression immunohistochemistry, where Enhertu demonstrated a confirmed ORR of 61.3% as confirmed by central testing. A complete response, or CR, was observed in 15 patients in the overall trial population, with 84 partial responses observed, and 123 patients achieving stable disease. The disease control rate in the overall trial population was 68.2%, as assessed by investigator. Nearly half of all patients in DESTINY-PanTumor02 who achieved a response remained in response at one year. Median duration of response was 11.8 months in the overall trial population and 22.1 months in patients with IHC 3+ expression. The safety profile of Enhertu was consistent with previous clinical trials, with no new safety concerns identified. The most common Grade 3 or higher treatment-related treatment-emergent adverse events were neutropenia, anemia, fatigue and thrombocytopenia. In DESTINY-PanTumor02, 20 patients experienced interstitial lung disease or pneumonitis related to treatment with Enhertu as determined by an independent adjudication committee. The majority were low Grade with one Grade 3 event, no Grade 4 events and one Grade 5 event observed. DESTINY-CRC02 primary results support 5.4mg/kg as optimal dose of ENHERTU in patients with HER2-positive metastatic colorectal cancer. Primary results from the DESTINY-CRC02 Phase II trial, which evaluated Enhertu at the 5.4mg/kg and 6.4mg/kg doses in patients with previously treated locally advanced, unresectable or metastatic HER2-positive colorectal cancer of BRAF wild-type, RAS wild-type or RAS mutant tumor types, were also presented at ASCO. In the primary endpoint analysis, a confirmed ORR of 37.8% and 27.5% was seen in patients in the 5.4mg/kg and 6.4mg/kg arms respectively, as assessed by blinded independent central review. All responses were partial, with 40 patients in the 5.4mg/kg arm and 23 patients in the 6.4mg/kg arm achieving stable disease. Greater efficacy was observed in patients with the highest levels of HER2 expression compared to those with IHC 2+/ISH+ HER2 status in the 5.4mg/kg treatment arm. Anti-tumor efficacy was observed regardless of RAS mutation status and in those with prior HER2-directed therapy in the 5.4mg/kg arm. Enhertu also demonstrated a median DoR of 5.5 months in both the 5.4mg/kg and 6.4mg/kg arms with a median duration of follow-up of 8.9 months and 10.3 months in the two arms respectively. Median progression-free survival was 5.8 months in the 5.4mg/kg arm and 5.5 months in the 6.4mg/kg arm. Median overall survival was 13.4 months in the 5.4mg/kg arm and not reached in the 6.4mg/kg arm. The safety profile observed in DESTINY-CRC02 at the 5.4mg/kg and 6.4mg/kg dose levels was consistent with other clinical trials of Enhertu, with no new safety signals identified at either dose. A more favorable benefit-risk profile was observed in patients treated with Enhertu 5.4mg/kg, resulting in its selection as the recommended dose. Grade 3 or higher treatment related TEAEs were numerically higher with Enhertu 6.4mg/kg versus 5.4mg/kg. Grade 3 or higher treatment related TEAEs occurred in 41.0% and 48.7% of patients receiving ENHERTU 5.4mg/kg or 6.4mg/kg, respectively. The most common Grade 3 or higher TEAEs occurring in greater than 10% of patients were neutropenia, anemia, 23.1% and thrombocytopenia; 12.8%. There were 12 cases of treatment related ILD or pneumonitis reported, as determined by an independent adjudication committee. The majority were low Grade with no Grade 3, no Grade 4 and one Grade 5 event observed.
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PRTG | Hot Stocks08:17 EDT Portage Biotech announces updated interim data for lead iNKT engager, PORT-2 - Portage Biotech announced updated interim data from the Phase 1 portion of the trial evaluating its lead invariant natural killer T cell engager, PORT-2, alone and in combination with KEYTRUDA in patients with advanced melanoma and metastatic non-small cell lung cancer presented in a poster presentation at the 2023 ASCO Annual Meeting. "We're pleased to report early evidence of single agent activity for PORT-2, with interim tumor assessment data showing several target lesions were substantially reduced in size or completely resolved, and a majority of target lesions being clinically stable after twelve weeks," said Dr. Ian Walters, Chief Executive Officer and Chairman of Portage Biotech. "We continue to see favorable safety data at the current high dose level of 9 mg/m2. Given the promising signs of activity of PORT-2 at all dose levels tested and preliminary PK results, we believe there could be even greater benefit at an increased dose, which we plan to explore prior to starting the Phase 2 portion of this trial. Onboarding sites for the Phase 1/2 trial in the U.S. and E.U. is ongoing and we look forward to identifying the recommended dose and initiating the Phase 2 portion of the trial as we continue to evaluate the full potential of our iNKT engager both as a single agent as well as in combination." Based on the favorable safety and tolerability data for PORT-2 shown to date with early evidence of single agent activity, the Company is expanding the Phase 1 portion of its Phase 1/2 trial to evaluate higher dose levels. Results of the expanded Phase 1 trial are anticipated by end of 2023 and will be used to confirm the recommended Phase 2 dose of PORT-2 and clinical trial strategy for the Phase 2 portion of the trial.
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OR | Hot Stocks08:17 EDT Osisko Gold publishes 2023 Asset Handbook - Osisko has built a deep portfolio of high-quality royalty and streaming assets, located in favourable jurisdictions and operated by responsible mining partners. The royalty and stream portfolio provides exposure to over 180 assets, including over 20 producing assets which underpin Osisko's 2023 guidance of 95,000 to 105,000 gold equivalent ounces at a 93% cash margin2. To this solid foundation, significant organic growth is expected over the coming years, demonstrated by the Corporation's previously announced five-year outlook which projects 130,000 to 140,000 GEOs in 2027. Osisko's mining partners continue to add value through exploration, with an average of over 1 million meters drilled over the past six years. This ongoing work has unlocked significant upside through new discoveries, reserve and resource additions, as well as mine life extensions and expansions. Over the course of 2022, Osisko's estimate of Attributable GEOs3 in the proven and probable reserve category, net of depletion and covered by Osisko's royalties and streams, increased by 46%; demonstrating the importance of these shared assets to both Osisko and its operating partners.
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BAND CSCO | Hot Stocks08:16 EDT Bandwidth announces expansion of partnership with Cisco - Bandwidth (BAND) announced the expansion of its longtime partnership with Cisco (CSCO) to enable global enterprise cloud migration via Cloud Connect for Webex by Cisco's cloud-based phone system, Webex Calling, powered by Bandwidth's award-winning Maestro platform. Cisco customers can now bring their own carrier, BYOC, for Webex Calling with Bandwidth's owned-and-operated Tier 1 network. "We are excited to expand our longtime partnership with Cisco to now help their enterprise on-prem customers move to the cloud with Cloud Connect for Webex Calling, powered by Maestro," said Sandy Preizler, Bandwidth's Chief Revenue Officer. "It's a story that also resonates with our channel partners and the ecosystem as we help chief information officers tap into a rich set of cloud capabilities to improve CX and reduce costs, while continuing to leverage their existing investments in Cisco workflows, integrations and devices."
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RVYL | Hot Stocks08:16 EDT Ryvyl announces board approval of coyni merger - RYVYL announced the Board of Directors has approved the merger of coyni Inc., RYVYL's wholly owned subsidiary, and Logicquest Technology, Inc a shell company majority owned by RYVYL. Upon completion of the merger, Logicquest will amend its Articles of Incorporation to change its name to coyni, Inc. and request a symbol change with FINRA. Effectuation of the merger and symbol change are subject to any comment from FINRA on its company-related action.
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AMED OPCH | Hot Stocks08:16 EDT Amedisys announces receipt of unsolicited proposal from Optum - Amedisys (AMED) announced that on May 26, 2023, the company received an unsolicited proposal from Optum to acquire all of the outstanding shares of Amedisys' common stock in an all-cash transaction for $100 per share. As announced on May 3, 2023, Amedisys entered into a merger agreement with Option Care Health (OPCH), under which Amedisys and Option Care Health would combine in an all-stock transaction. Under the terms of the merger agreement, Amedisys stockholders would receive 3.0213 shares of Option Care Health common stock for each existing share of Amedisys common stock they hold at the closing of the transaction. Upon closing Amedisys stockholders are expected to own approximately 35.5% of the outstanding shares of the combined company on a fully diluted basis. The transaction is subject to approval by Option Care Health stockholders and Amedisys stockholders, receipt of applicable regulatory approvals, including termination or expiration of the applicable waiting periods under the HSR Act and state insurance approvals, and other customary closing conditions. Consistent with its fiduciary duties, the Amedisys Board of Directors consulted with its outside counsel and financial advisor to thoroughly evaluate Optum's proposal. The Board conducted this evaluation in accordance with the terms of the Company's merger agreement with Option Care Health. On May 27, 2023, the Board determined that the unsolicited proposal received from Optum could reasonably be expected to result in an "Amedisys Superior Proposal" as defined in Amedisys' merger agreement with Option Care Health. As permitted by the terms of Amedisys' merger agreement with Option Care Health, Amedisys entered into a confidentiality agreement with Optum on May 30, 2023, and is currently engaging in exploratory discussions with Optum with respect to Optum's proposal. Amedisys remains bound by the terms of the merger agreement with Option Care Health, and Amedisys' Board has not determined that Optum's proposal constitutes a Superior Proposal as defined in the merger agreement with Option Care Health. The merger agreement with Option Care Health does not permit Amedisys to terminate the merger agreement in favor of an alternative transaction, or to enter into any agreements with respect to an alternative transaction, other than a confidentiality agreement. Amedisys notes that there can be no assurance that the discussions with Optum will result in a transaction.
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NOK CHTR | Hot Stocks08:16 EDT Nokia selected by Charter to support 5G connectivity - Nokia (NOK) announced that Charter Communications (CHTR) is turning to Nokia's comprehensive AirScale equipment portfolio, including 5G RAN, to support its targeted 5G connectivity design and deployment. A leading broadband connectivity company, Charter will use Nokia's 5G RAN solutions to deliver wireless 5G connectivity, faster speeds, and increased network capacity to Spectrum Mobile customers in its trial markets in the United States. This is the first win for Nokia in the Multiple System Operator space.
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AMED OPCH | Hot Stocks08:15 EDT Amedisys announces receipt of unsolicited proposal from Optum
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STGW | Hot Stocks08:15 EDT Stagwell Instrument launches content innovation, experience innovation services - Stagwell's Instrument - a multidisciplinary creative company that redefines brands and experiences - announced the launch of two new core service offerings: content innovation and experience innovation, led by Paul Welch and Mike Creighton, executive directors at Instrument, respectively. These units will work with existing and prospective clients to unleash innovation at scale across partners' content, digital experiences, and technology infrastructure. "Brands are ecosystems which interact with people millions of times every day: emerging technology reveals new opportunities for brands to engage with consumers by creating new experiences on nascent channels, media, and capabilities," said Mike Creighton. "AI, web3, the metaverse, gaming, XR - they all represent potential opportunities. To navigate them and find what's right for our clients, we avoid riding hype cycles."
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MOBV | Hot Stocks08:14 EDT Mobiv Acquisition Corp announces extension of deadline to complete combination - Mobiv Acquisition announced that, on June 1, 2023, it notified the trustee of the Company's trust account that it was extending the time available to the Company to consummate its previously announced business combination with SRIVARU Holding, a commercial-stage provider of premium electric motorcycles, from June 8, 2023 to July 8, 2023. The Extension is the second of up to nine one-month extensions permitted under the Company's governing documents. In connection with such Extension, Mobiv will deposit an aggregate of $333,166.50 into the Company's trust account on or before June 8, 2023, on behalf of the Company.
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ENVB | Hot Stocks08:13 EDT Enveric Biosciences gets NOA from USPTO pertaining to its EVM301 compounds - Enveric Biosciences announced that it has received a Notice of Allowance from the United States Patent and Trademark Office for a patent application pertaining to its EVM301 Series of molecules being developed as potential treatments for mental health disorders. The soon-to-issue patent titled, "Carboxylated Psilocybin Derivatives and Methods of Using" contains composition of matter claims for a family of tryptamine-based drug candidates. Enveric is progressing its EVM301 Series of compounds through lead generation and candidate characterization efforts as it aims to develop compounds that engage the serotonin 5HT2a receptor and other neurotransmitter receptors to promote neuroplasticity and, consequently, therapeutic benefit without inducing the hallmark hallucinations associated with most psychedelic and psychedelic-inspired molecules. This innovative therapeutic approach could be game-changing in the treatment of depression and anxiety disorders by offering the opportunity to administer medications without requiring a healthcare professional to be present during treatment. Enveric believes this paradigm would significantly enhance the commercial potential for its EVM301 Series drug candidates when compared to the market for currently anticipated treatment modalities for first-generation psychedelics undergoing late-stage clinical studies. "Our EVM301 Series of molecules are designed based on tryptamines, long established as potent binders of the targeted 5HT2a receptor," said Joseph Tucker, Ph.D., Director and CEO of Enveric. "The potential to capture composition-of-matter patent claims in the tryptamine field is challenging for most entrants as the creation of novel tryptamines has been an area of concentrated scientific focus for decades. Those tryptamines currently undergoing the most widespread clinical studies, such as psilocybin, DMT and 5MeO-DMT, are also challenging to protect because they are derived from natural sources. Naturally occurring molecules are not patentable, per se, as compositions of matter, but instead require non-obvious innovations in synthesis, formulation, or method of use, to secure patents. The narrower scope inherent to these types of patents can be less effective in protecting products from marketplace competitors."
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ITRN SAN | Hot Stocks08:13 EDT Ituran enters partnership with Santander, aim to widen access to car financing - Ituran Location and Control (ITNR) announced that its Brazilian subsidiary, Ituran Brazil, and Santander (SAN), have formed a partnership in the automotive market, which aims to facilitate credit approval for customers who look to finance a new or used car. This initiative brings together a suite of benefits such as lower interest rates and telematic services for customers who opt to install a vehicle tracker. In addition, the scheme incorporates credit insurance, to protect the financing which guarantees total or partial payment of the loan in case of inability to pay. Eyal Sheratzky, CEO of Ituran, emphasized that through this partnership, Bank Santander's customers will be able to count on nationwide vehicle recovery services. "In addition, customers will have real-time visualization of their vehicle's location through the Ituran application. This includes the ability to create movement alerts as well as access to the vehicle's location history," he explains.
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REPL | Hot Stocks08:13 EDT Replimune Group appoints Veleka Peeples-Dyer to board of direcots - Replimune Group announced the appointment of Veleka Peeples-Dyer to the Company's Board of Directors effective June 1, 2023. Ms. Peeples-Dyer has served as a strategic enterprise leader at leading biopharmaceutical companies serving as in-house counsel for over 16 years.
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IMMP | Hot Stocks08:12 EDT Immutep reports final data in TACTI-002 Phase II trial - Immutep provides an overview of the final data from Part C of the TACTI-002 Phase II trial to be presented in a poster presentation at the ASCO 2023 Annual Meeting taking place in Chicago, US. Part C of TACTI-002 evaluated eftilagimod alpha, a soluble LAG-3 protein and first-in-class MHC Class II agonist, in combination with MSD's anti-PD-1 therapy KEYTRUDA in 2nd line head and neck squamous cell carcinoma patients unselected for PD-L1 expression, with disease progression on, or after, platinum-based therapy. The combination of efti plus pembrolizumab led to an encouraging overall response rate of 29.7% and Complete Response rate of 13.5% in 2L HNSCC patients, regardless of PD-L1 expression, as per iRECIST. Responses were seen across all PD-L1 subgroups. A promising ORR of 38.5% & 60%, median Overall Survival of 12.6 & 15.5 months, and 12-month Overall Survival rate of 52.0% & 66.7%, were seen in patients with a PD-L1 CPS of greater than or equal to1 and a PD-L1 CPS greater than or equal to20, respectively. Despite a long median follow up of 39 months, median Duration of Response was not reached. Results compare favourably to reported results from a registrational trial of anti-PD-1 monotherapy in the same patient population with a PD-L1 CPS greater than or equal to1, which showed a 17.3% ORR, mOS of 8.7 months, 12-month OS rate of 40%, a CR rate of 2%, and mDoR of 18.4 months. As seen in multiple clinical trials, efti is generating very durable responses when combined with anti-PD-(L)1 therapies. Notably, one of the five complete responses that lasted 28 months (as of the data cut-off) occurred in a patient with negative PD-L1 expression or CPS less than1. The safety profile of efti in combination with pembrolizumab continues to be safe and very well tolerated. No new safety signals were observed from Part C of the TACTI-002 Phase II trial. The dual immuno-oncology approach had adverse reactions that led to treatment discontinuation in only two patients, which compares favorably to the treatment discontinuation rate from adverse reactions with anti-PD-1 monotherapy in the same patient population. In addition to the abstract and information that was announced to the ASX on 263 and 31 May 20234, the Final results from TACTI-002 Part C: A Phase II study of eftilagimod alpha and pembrolizumab in patients with metastatic 2nd line head and neck squamous cell carcinoma unselected for PD-L1 poster will be available on the Posters & Publication section of Immutep's website following its presentation between 2:15PM-5:15PM EDT at ASCO today.
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WIMI | Hot Stocks08:11 EDT WiMi Hologram Cloud launches WiMi AI Assistant - WiMi Hologram Cloud launched an artificial intelligence assistant using an advanced transformer algorithm, called WiMi AI Assistant, which is built up through years of R&D and improvement. WiMi successfully applied the transformer algorithm to natural language processing, providing users with a more intelligent and efficient communication platform. WiMi Hologram Cloud has always been committed to the R&D and application of innovative technologies. The launch of the WiMi AI Assistant is another significant breakthrough in artificial intelligence. WiMi will continue to increase its investment in R&D to provide users with more high-quality intelligent products and services.
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WAT | Hot Stocks08:10 EDT Waters, Sartorius to deliver bioanalytics for downstream biomanufacturing - Waters and Sartorius announced a new collaboration to develop integrated analytical solutions for downstream biomanufacturing, expanding their joint agreement that began with upstream bioprocessing analytics. Software and hardware integrations between the Waters PATROL UltraPerformance Liquid Chromatography Process. WAnalysis System and the Sartorius Resolute BioSMB multi-column chromatography platform will give bioprocess engineers access to more comprehensive analytical data for downstream batch and continuous manufacturing, improving yields while reducing waste and driving down biomanufacturing costs. Jon Pratt, Senior Vice President, Waters Division said, "Based on the positive response of customers to our collaborative efforts with upstream bioprocessing analytics, we see tremendous benefit to combining the PATROL Process Analysis System and the Sartorius BioSMB to bring timely point-of-decision analytics to downstream biomanufacturing for monoclonal antibodies, recombinant proteins, vaccines and AAV gene therapies."
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MNMD | Hot Stocks08:09 EDT Mind Medicine: ISS recommends shareholders vote for all MindMed's nominees - Mind Medicine announced that leading proxy advisory firm Institutional Shareholder Services has recommended shareholders vote for ALL of MindMed's six highly qualified director nominees at the upcoming Annual Meeting of Shareholders scheduled for June 15. In its report supporting MindMed's nominees, ISS notes the following: "The company's regulatory strategy appears reasonable and has received third-party validation, and the drop in the company's share price after its September 2022 equity raise is in line with sectoral trends." "The board has also undergone a complete refresh of its ranks, yielding a strong cohort of independent directors, all with industry experience. Against this backdrop, the dissident has not made the case for change at MindMed." "As the dissident has not presented a convincing case for change at the company, support for all management nominees is warranted." ISS highlights the Company's Board refreshment, the relevant experience of MindMed's candidates and the Board's positive corporate governance: "The board's full refreshment of all six members began on Sept. 29, 2021, with the appointment of Vallone and Krebs, and the company expects to complete the refreshment at this year's AGM with the election of its new nominee, Gryska." "In this process, the board has been able to attract an unusually strong collection of former and current executives in the fields of mental health drug development and commercialization and financial management ." "The board utilizes many conventional governance best practices, such as an independent chair, annual director elections, a well-refreshed board, and a majority voting standard for director elections with a director resignation policy."
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AWH | Hot Stocks08:09 EDT Aspira Women's Health appoints Winfred Parnell to board of directors - Aspira Women's Health announced the appointment of Dr. Winfred Parnell as a new independent director on the Aspira Board of Directors, effective June 1, 2023. Dr. Winfred Parnell is a board-certified physician in obstetrics and gynecologic care
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DZSI | Hot Stocks08:08 EDT DZS, Irby Utilities announces deployment milestones by customers - DZS and its strategic partner Irby Utilities announced deployment milestones reached by two of their rural electric cooperative broadband customers. Connect2First, a subsidiary of First Electric Cooperative in central and southeastern Arkansas, and FASTnet, an Internet Service Provider (ISP) launched by 4-County Electric Power Association in central Mississippi. Each have deployed hyper-fast broadband to over 12,000 subscribers to date, more than doubling their respective homes passed over the last year. Both service providers are leveraging Irby's broadband network planning and deployment expertise along with multi-gigabit capable DZS technology solutions and a total of more than $50 million in Rural Digital Opportunity Funds plus other government funding programs like the Coronavirus Aid, Relief, and Economic SecurityAct, to ultimately bring services to more than 140,000 homes, businesses and anchor institutions between their two service areas. Each project currently stands well ahead of schedule.
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SCHL | Hot Stocks08:06 EDT Scholastic names Quinton EVP, President, School Reading Events - Scholastic announced that Sasha Quinton has been named Executive Vice President, EVP, and President, School Reading Events. Previously EVP and President, School Book Fairs, Quinton brings growth-focused, strategic leadership to the newly combined U.S. Book Fairs and Book Clubs divisions. In this new role for the Company, Quinton continues to be a member of the executive committee, reporting to Scholastic President and CEO Peter Warwick.
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TMBR | Hot Stocks08:06 EDT Timber Pharmaceuticals announce FDA grant of CARC waiver for TMB-001 - Timber Pharmaceuticals announced the U.S. Food and Drug Administration has granted a dermal carcinogenicity waiver for TMB-001, a topical isotretinoin formulated using the Company's patented IPEG delivery system. The positive opinion is based on results of a 39-week repeat dose dermal toxicity study that demonstrated no evidence of skin or organ carcinogenicity from chronic applications of TMB-001 in rodents and allows the Company to forgo a 2-year dermal rodent carcinogenicity study. CI is a group of rare genetic keratinization disorders that lead to dry, thickened, and scaling skin. TMB-001 is currently being investigated in the Phase 3 ASCEND study for the treatment of moderate to severe subtypes of CI including lamellar ichthyosis and X-linked ichthyosis that affect about 80,000 people in the U.S. In 2018, the FDA awarded an Orphan Products Grant to support clinical trials evaluating TMB-001, including the Phase 3 ASCEND study. Timber has also received both Breakthrough Therapy Designation and Fast Track Status from the FDA for TMB-001.
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NVAX | Hot Stocks08:05 EDT Novavax signs three-year agreement with Bill & Melinda Gates Medical Research - Novavax has signed a three-year agreement with the Bill & Melinda Gates Medical Research Institute to provide its adjuvant for use in preclinical vaccine research. "We are excited to partner with the Bill & Melinda Gates Medical Research Institute to include our unique technology in their public health-focused vaccine research efforts," said John C. Jacobs, President and Chief Executive Officer, Novavax. "Our Matrix-M adjuvant is proven to enhance and broaden the immune system response when included in vaccines and is already a key component of COVID and malaria vaccines on the market today. We look forward to partnering more broadly with a variety of organizations so that our technology can benefit vaccine development across many disease areas."
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MASI | Hot Stocks08:05 EDT Masimo receives FDA clearance for Radius VSM - Masimo announced that Radius VSM, a patient-worn, continuous multi-parameter vital signs monitor, has received FDA 510 clearance. Designed on a modular platform, Radius VSM allows clinicians to monitor a wide variety of physiological measurements, including Masimo SET pulse oximetry, noninvasive blood pressure, temperature, respiration rate, and electrocardiography. By combining the reliability and accuracy of larger bedside monitors with the comfort and freedom of a wearable device, Radius VSM allows ambulation and movement while ensuring patients remain continuously monitored. With its flexibility and expandability, Radius VSM can be easily scaled to match each patient's unique monitoring needs and level of acuity, across the continuum of care, and to accommodate surges in patient volume.
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NWE | Hot Stocks08:05 EDT NorthWestern Energy appoints Bleauf LaFave as VP, asset management - NorthWestern Corporation d/b/a NorthWestern Energy announces that Director of Long-Term Resources Bleau LaFave will succeed Curt Pohl as vice president of asset management and business development. The change will be effective June 16. Pohl, who joined the company in 1986, is retiring. He served on the executive team for 25 years.
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SPTN | Hot Stocks08:04 EDT SpartanNash names Brandon Pasch as VP, Center Store Merchandising - Food solutions company SpartanNash announced the hiring of Brandon Pasch as Vice President, VP, Center Store Merchandising, effective immediately. Pasch will play a key role in advancing the Company's merchandising transformation, developing strategy and driving winning results in a major segment of SpartanNash's business. Pasch joins the team following the recent hire of Arpen Shah as Vice President, Merchandising Strategy and Analytics, last month. Pasch most recently served as Vice President of Merchandising, Center Store at Giant Eagle, a supermarket chain with more than 400 retail locations.
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WINT | Hot Stocks08:03 EDT Windtree Therapeutics to host R&D, Investor Day on June 14 - Windtree Therapeutics announced it will host a virtual R&D and Investor Day on Wednesday, June 14, 2023 at 1:00 PM ET. The program will feature the Company's lead drug candidate, istaroxime, a first in class, dual-acting agent, being developed to treat cardiogenic shock and acute decompensated heart failure. Istaroxime is designed to improve systolic contraction and diastolic relaxation of the heart. The event will feature insights from John Teerlink, MD, Director of Heart Failure and of the Echocardiography Laboratory, San Francisco Veterans Affairs Medical Center and an active leader in US and European Heart Failure medical associations. Dr. Teerlink has been the principal investigator in many of the largest heart failure and cardiogenic shock studies and recently served a four-year term on the FDA's Cardiovascular and Renal Advisory Committee. Dr. Teerlink will discuss the unmet medical need and current treatment landscape for patients suffering from cardiogenic shock and severe heart failure - a condition with high mortality, morbidity and unmet need and put the unique profile of istaroxime and its data into perspective. Members of Windtree's leadership team will present istaroxime early cardiogenic shock study data and provide insight into the istaroxime expanded development strategy and planned near-term milestones. Additionally, strategy related to acute heart failure, the follow-on oral, SERCA2a activators and business development will be discussed.
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FRFHF KW | Hot Stocks08:00 EDT Fairfax Financial partners with Kennedy Wilson to acquire loan portfolio - Fairfax Financial Holdings (FRFHF) announce that it has agreed with Kennedy-Wilson Holdings, Inc. (KW) that, through certain of its subsidiaries, it will acquire an interest of approximately 95% in certain of the real estate construction loans that Kennedy Wilson has agreed to acquire from Pacific Western Bank, a bank holding company headquartered in California. The total purchase price for the Loans is approximately $2.1 billion, of which Fairfax will fund 95%. The aggregate principal balance currently outstanding under the Loans is approximately $2.3 billion. Fairfax will also assume approximately 95% of all future funding obligations under the Loans, subject to customary conditions to disbursement, which future funding obligations attributable to Fairfax total approximately $1.7 billion. The aggregate principal balance of the Loans, which are floating rate, currently carries an average interest rate of approximately 8.6%, and Fairfax has entered into interest rate swap arrangements to effectively fix this rate over the life of the Loans. The weighted-average remaining term to maturity for the Loans based on gross commitments is approximately 1.7 years, with some Loans subject to customary extension rights by the borrower up to a maximum of two additional one-year terms. Taking into account the discount at which Fairfax acquired the principal balances of the Loans, Fairfax expects the average annual return on the capital deployed by Fairfax in connection with the Loans to exceed 10%. All of the Loans are secured by real property located in the United States with an average loan-to-value ratio of approximately 51% and are supported by completion guarantees issued by the project equity sponsors. More than 70% of the Loans relate to multifamily or student housing development projects with the balance being a mix of industrial, hotel and life science office property development projects. The closing of the Transaction and the sale of each Loan is subject to the satisfaction of customary closing conditions, and it currently expected to close in multiple tranches during the second and early part of the third quarter of 2023. If a required counterparty consent or waiver in respect of a single Loan is not obtained, Fairfax will not be obligated to acquire that Loan but Fairfax's rights and obligations with respect to the acquisition of each other Loan will be unaffected. In addition to the Transaction, Fairfax also agreed to make a $200 million preferred equity investment in Kennedy Wilson. Under the terms of the agreement relating to the investment, Fairfax will acquire perpetual preferred stock that carries a 6.0% annual dividend rate and is callable by Kennedy Wilson at any time. Additionally, Fairfax acquired 7-year warrants for approximately 12.3 million common shares with an initial strike price of $16.21 per share, based on Kennedy Wilson's closing price on June 2, 2023. The investment is subject to customary closing conditions and is expected to close during the second quarter of 2023.
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SHAP | Hot Stocks07:57 EDT Spree Acquisition Corp. 1 announces contributions to trust account - Spree Acquisition Corp. 1 Limited announced today that, in connection with its previously announced extraordinary general meeting in lieu of the 2023 annual general meeting of shareholders of the Company to be held at 9:00 a.m. Eastern Time on Monday, June 12, 2023 for the purpose of considering and voting on, among other proposals, a proposal to extend the date by which the Company must consummate a business combination from June 20, 2023 to March 20, 2024, or such earlier date as may be determined by the Company's board of directors, in its sole discretion, the Company's sponsor, Spree Operandi, LP, and/or its wholly-owned U.S. subsidiary, Spree Operandi U.S. LP, or the Sponsor's designees, will make additional contributions to the Company's trust account following the approval and implementation of the Articles Extension. If the requisite shareholder proposals are approved at the Meeting and the Articles Extension is implemented, the Sponsor or its designees have agreed to loan to the Company, for each one-month period during the nine-month Extension Period, an amount equal to the lesser of $0.04 per public share that remains outstanding and is not redeemed in connection with the Meeting, or $100,000, to be funded by the Sponsor on the 20th day of each calendar month until the end of the Extension Period. The amount of each Extension Period Loan will be deposited in the Company's trust account. The Extension Period Loans will not occur if the Articles Extension proposal is not approved at the Meeting or the Extension Period is not implemented. In no event will the Sponsor be required to make more than nine Extension Period Loans and, in the event the Extension Period is implemented for less than the full nine months, the obligation to make any Extension Period Loans will only apply through the last Monthly Extension Period that is elected by the Company. The amount of the Extension Period Loans will not bear interest and will be repayable by Spree to the Sponsor or its designees upon consummation of an initial business combination. Spree will have the sole discretion whether to utilize a Monthly Extension Period to extend the date by which it must complete a business combination at the request of the Sponsor and if Spree determines not to extend, the Sponsor's obligation to make Extension Period Loans following such determination will immediately terminate. If the Company does not consummate an initial business combination by the end of the Extension Period, any Extension Period Loans will be repaid only from funds held outside of the trust account or will be forfeited, eliminated or otherwise forgiven. The Company has not asked the Sponsor to reserve for, nor has the Company independently verified, whether the Sponsor will have sufficient funds to satisfy, any such Extension Period Loans. If the Sponsor fails to make an Extension Period Loan by the applicable due date for a Monthly Extension Period, the Company will liquidate and dissolve as soon as practicable after such date and in accordance with the Company's Amended and Restated Memorandum and Articles of Association, as amended.
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ENTG | Hot Stocks07:50 EDT Entegris terminates distribution pact with Element Solutions unit for $200M - Entegris (ENTG) announced that it has terminated its distribution agreement with MacDermid Alpha Electronics Solutions, a business unit of Element Solutions (ESI), in exchange for $200M. Entegris has received $170M at closing and the remainder will be paid at the conclusion of a transitionary period. This distribution agreement, originally entered into in 2003, provided Entegris the exclusive right to distribute MacDermid Enthone ViaForm copper plating chemistries, which are used in front-end chip making electrochemical deposition processes. Entegris is committed to ensuring a smooth customer transition process in connection with this transaction. Entegris expects that the proceeds of this transaction will contribute to further debt paydown. In 2022, the ViaForm product had sales of approximately $55M. Element Solutions is the manufacturer of the ViaForm product line, which Entegris has sold under a distribution agreement as a part of Entegris' Specialty Chemicals and Engineered Materials division product offerings. This transaction is consistent with Entegris' focus on assets that the company believes have the greatest long-term strategic value for Entegris and best positions it to serve its customers with advanced materials for the leading-edge technology nodes. This transaction does not include any other surface preparation and integration products or other product lines within SCEM division.
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CWH | Hot Stocks07:45 EDT Camping World set to acquire Roy Robinson RV Center in Seattle, no terms - Camping World Holdings announced that it is set to acquire Camping World Holdings America's Recreation Dealer announced that it is set to acquire Roy Robinson RV Center, located in the greater Seattle Washington market. The acquisition is anticipated to close in the third quarter of 2023 and will increase the Company's Washington location count to seven. Marcus Lemonis, CEO and Chairman of Camping World commented, "Roy Robinson RV Center has been proudly serving the greater Seattle market for over 30 years. This mega center enhances our parts and service operations in the state with over 24 service bays and a state-of-the-art collision center. located in the greater Seattle Washington market. The acquisition is anticipated to close in the third quarter of 2023 and will increase the Company's Washington location count to seven. Marcus Lemonis, CEO and Chairman of Camping World commented, "Roy Robinson RV Center has been proudly serving the greater Seattle market for over 30 years. This mega center enhances our parts and service operations in the state with over 24 service bays and a state-of-the-art collision center.
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ESI | Hot Stocks07:45 EDT Element Solutions announces two semiconductor transactions - Element Solutions announced two transactions that represent approximately $15M of annualized adjusted EBITDA with significant growth potential as electronics markets improve and certain new technologies win customer qualifications. Element Solutions has agreed to pay $185M, net of estimated cash tax benefits, to Entegris to terminate its long-standing distribution agreement for ViaForm electrochemical deposition products. These wafer level plating products for the world's largest semiconductor fabricators are currently developed and manufactured by MacDermid Alpha Electronics Solutions, a business unit of Element Solutions, and have been distributed by Entegris under an evergreen distribution agreement. Following a transition period, Element Solutions will manage all aspects of the ViaForm product line in-house, which we believe will result in a more efficient supply chain and improved customer outcomes. The payment will be funded by a combination of cash on hand and an incremental $150M borrowing under the company's senior credit facility. Element Solutions has acquired Kuprion, a developer of next-generation nano-copper technology to the semiconductor, circuit board and electronics assembly markets. The company's ActiveCopper technology addresses the effects of thermal expansion and offers superior performance and reliability in a host of growth applications, including electric vehicles, high frequency 5G networks, IC substrate manufacturing, advanced packaging, mission critical aerospace and defense systems, and datacenters. This transaction has been structured with an upfront payment and potential earn-out payments based on milestones associated with product qualification and revenue over several years.
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NEO | Hot Stocks07:43 EDT NeoGenomics announces new data on RaDaR MRD Assay - NeoGenomics announced new data in support of its RaDaR assay for the detection of molecular residual disease and recurrence in patients with high-risk hormone receptor-positive, human epidermal growth factor receptor 2-negative breast cancer. Data from a retrospective analysis of the Phase 3 PENELOPE-B study was presented in part at the 2023 ASCO Annual Meeting on Friday, June 2nd in Chicago, IL. In collaboration with the trial sponsor, German Breast Group, the study used NeoGenomics' RaDaR personalized MRD assay to assess the potential of circulating tumor DNA analysis to predict future clinical relapse of patients enrolled in the PENELOPE-B trial. Patients in the trial had already completed neoadjuvant therapy and surgery, with or without radiation. The RaDaR assay analyzed ctDNA in blood samples from 78 patients collected at three points: prior to initiation of standard of care endocrine therapy with either palbociclib or placebo, during therapy, and at the end of treatment. ctDNA positivity was compared to patient outcomes. Nine percent of the patients had ctDNA detected at baseline. Of patients undetected at baseline, 4% had ctDNA detected in later samples and of patients detected at baseline, 29% became undetected in later samples, indicating that ctDNA positive patients may benefit from palbociclib. Detection of ctDNA following neoadjuvant chemotherapy, and surgery, is associated with a very high risk of early relapse suggesting clinical imaging and experimental therapy may be warranted for these patients. The data highlight the potential of the RaDaR assay to provide an early predictor of efficacy of adjuvant endocrine therapy and assess on treatment dynamics, and demonstrates that highly sensitive tumor-informed ctDNA assays can be used successfully after diagnosis and treatment of the original tumor to risk stratify patients.
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WAMFF | Hot Stocks07:42 EDT Western Alaska Minerals commences 2023 Field Season - Western Alaska Minerals announced commencement of operations and exploration activities at its 100% owned Illinois Creek Mining District. The Company continues to make significant progress in advancing its high-grade, district-scale mineral system, positioning itself for continued exploration success. Highlights: Drilling began on June 2, 2023: Objective #1: In-fill drilling at the Waterpump Creek Prospect proximal to the 2022 major intercept to support estimating an inferred mineral resource; Objective #2: Step-out drilling to expand on the 2022 drilling success of consecutive thick, ultra high-grade intercepts at WPC and to test new promising targets; 113 Km of line cutting have been completed in preparation for the Dias Geophysical 3D Induced Polarization survey to begin this week. This state-of-the-art geophysical survey will cover WPC, and Last Hurrah targets. CEO, Kit Marrs stated, "We are excited about the commencement of the upcoming drill season as we expand on our high grade Waterpump Creek mineralization with the aid of a new heavy duty drill rig designed to enhance drill production and core recovery. In 2022, we defined a 450-meter strike length of very high-grade silver-lead-zinc mineralization, and we anticipate extending the manto this year by potentially 2X or 3X. The Dias 3D IP survey could be a game changer for our program. We anticipate that it will provide high-definition drill targeting data."
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APTO | Hot Stocks07:40 EDT Aptose Biosciences effects 15-to-1 reverse stock split - Aptose Biosciences effected a reverse stock split on May 24, 2023 at a ratio of 15-to-1. Both the Nasdaq Capital Market and the Toronto Stock Exchange have approved the Reverse Stock Split and have informed the Company that its common shares will commence trading on a post-Reverse Stock Split basis at market open on Tuesday, June 6, 2023. The Common Shares continue to trade on the Nasdaq and the TSX under the existing ticker symbols. The new CUSIP number for the Common Shares is 03835T309 and the new ISIN is CA03835T3091. As previously announced, the Reverse Stock Split, at a ratio in the range between 10-to-1 and 20-to-1, was approved at the Company's annual and special meeting of shareholders held on May 23, 2023 and is described in the proxy statement dated April 18, 2023. The Company's Board of Directors then approved a ratio of 15-to-1 on May 23, 2023. As a result of the Reverse Stock Split, every 15 Common Shares issued and outstanding were automatically reclassified into one new Common Share. No fractional Common Shares will be issued as a result of the Reverse Stock Split and shareholders will not receive any compensation in lieu thereof.
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SPXC | Hot Stocks07:38 EDT SPX Corporation completes acquisition of ASPEQ Heating Group - SPX Technologies completed the acquisition of ASPEQ Heating Group including certain tax attributes for $418 million in cash, subject to closing adjustments. ASPEQ, a provider of electrical heating solutions to customers in industrial and commercial markets, is now a part of SPX Technologies' HVAC Heating platform.
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PINE | Hot Stocks07:37 EDT Alpine Income Property acquired nine net lease retail properties in 2023 - During 2023, the Company acquired nine net lease retail properties for total acquisition volume of $60.5 million at a weighted average going-in cash cap rate of 6.8%. The acquired properties are leased to high-quality tenants including Lowe's, Marshalls, Dollar Tree/Family Dollar, Best Buy, Chick-Fil-A, Dick's Sporting Goods, Starbucks, HomeGoods, and Home Depot and 85% of the acquired Annualized Base Rents are derived from Investment Grade-Rated Tenants. The Company sold 13 net lease properties during 2023 for $68.8 million at a weighted average exit cap rate of 6.2%, generating gains on sale of $5.0 million. The Company's top five tenants based on total Annualized Base Rent are Walgreens, Lowe's, Dick's Sporting Goods, Dollar Tree/Family Dollar and Dollar General. All top five tenants are Investment Grade-Rated Tenants and 62% of total in-place Annualized Base Rent for the Company's portfolio is attributable to Investment Grade-Rated Tenants.
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SLG | Hot Stocks07:36 EDT SL Green signs 31 office leases covering 299,137 square feet in last 60 days - SL Green Realty has signed 31 office leases covering 299,137 square feet to date in the second quarter, increasing 2023 office leasing volume to 803,819 square feet, while maintaining an office leasing pipeline in excess of 1.0 million square feet.
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NFYEF | Hot Stocks07:35 EDT NFI Group awarded contract for up to 621 buses by Toronto Transit Commission - NFI Group announced that the Toronto Transit Commission has awarded its subsidiary New Flyer Industries Canada ULC a new five-year contract for 40-foot battery-electric buses. The total contract includes a firm order for 186 Xcelsior CHARGE NG heavy-duty transit buses, as well as the option for TTC to purchase up to an additional 435 of the same buses, for a total potential order of 621 buses over the duration of the contract.
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OCGN | Hot Stocks07:33 EDT Ocugen announces Business Advisory Board - Ocugen announced that the Company has established a Business Advisory Board to assist in driving public/private partnerships with governments around the world; pursuing business collaborations, partnerships, and licensing opportunities; creating awareness of the Company's differentiated capabilities; and promoting access to the Company's therapies around the world. Ocugen's Business Advisory Board members have been selected based on their extensive professional backgrounds and proven track record of creating partnerships among the public and private sector. Members include: Ambassador Joseph W. Westphal, PhD, Global Senior Fellow at the Joseph H. Lauder Institute of Management and International Studies at The Wharton School of The University of Pennsylvania. Pat Toomey, U.S. Senator who represented Pennsylvania from 2011 to 2023. Dennis Carey, PhD, Vice Chairman of Korn Ferry, where he recruits Board Directors, CEOs, and their direct reports.
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OBNNF | Hot Stocks07:31 EDT Osisko Mining withdrew staff at Windfall project amid forest fires - Osisko Mining provides the following update on the ongoing forest fire situation affecting the communities in Abitibi and Eeyou Istchee James Bay, where the Windfall gold project is located. On June 2 and 3, 2023, Quebec's Ministry of Natural Resource and Forests announced prohibitions regarding forest access on Crown lands, and closed forestry roads for reasons of public safety, given the current situation related to wildfires in the Abitibi and Eeyou Istchee James Bay regions. John Burzynski, Chairman and CEO of Osisko Mining commented: "We have withdrawn our staff and continue to monitor our facilities remotely and on the ground in accordance with local directives. Our team is in constant communication with local and provincial authorities to coordinate all efforts in this difficult time. All personnel are safe, and the Windfall facilities are secure. While all activities at site are currently suspended, we do not anticipate any material impact on our business."Osisko will update the market in the event of any material change to Osisko arising in relation to the wildfires.
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TNXP | Hot Stocks07:28 EDT Tonix Pharmaceuticals presents data on TNX-601 ER, TNX-4300 - Tonix Pharmaceuticals Holding announced the presentation of data detailing the mechanism of action and pharmacokinetics of TNX-601 ER and TNX-4300 at the American Society of Clinical Psychopharmacology meeting in Miami, Fla. TNX-601 ER is being tested in a potentially pivotal Phase 2 trial for the treatment of major depressive disorder for which results of a preplanned interim analysis are expected in the fourth quarter of 2023. TNX-4300 is in preclinical development for mood disorders, Alzheimer's disease and Parkinson's disease. The active ingredient of both products is the (S)-isomer of tianeptine.1 The (S)-isomer of tianeptine activates PPAR-beta/delta, restores neuroplasticity in neuronal tissue culture and lacks micro-opioid liability. In contrast, the (R)-isomer of tianeptine lacks PPAR-beta/delta activity and is an agonist at the micro-opioid receptor. The poster presentation is available on Tonix's website: www.tonixpharma.com. Tonix recently announced that the plastogen anti-depressant tianeptine, a drug marketed outside the U.S. for more than 30 years, acts on nuclear PPAR-beta/delta and PPAR-gamma in neurons and glia to restore neuronal connectivity in depression.2 The understanding that tianeptine bypasses the synapse and acts on the nucleus to exert its effects on restoring neuroplasticity and neurogenesis has direct applicability in a number of neurodegenerative diseases in which neuronal connections are atrophying.2 The newly reported mechanism also provides clarity on why tianeptine is not associated with sexual dysfunction, weight gain or several other treatment-limiting toxicities, which are associated with the antidepressants currently marketed in the U.S. for long-term use. The findings reported at the meeting show how the pharmacokinetics of oral TNX-601 ER in humans differ from intraperitoneal tianeptine in mice. In humans, after an oral dose of TNX-601 ER the half-life of tianeptine in the blood is approximately 5-7 hours. In contrast, in mice after an i.p. dose of tianeptine the half-life of tianeptine in the blood has been reported to be less than approximately 30 minutes and the behavioral effects appear dominated by the longer-lasting MC5 metabolite, which maintains micro-opioid receptor activity. The data Tonix presented also show that the (R)-isomer of tianeptine is responsible for the decrease in immobility in the mouse forced swim test after i.p. administration, which is consistent with previous reports that the effect of tianeptine on the forced swim test is a micro-opioid receptor-dependent phenomenon.
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ALKS | Hot Stocks07:26 EDT Alkermes investor Sarissa Capital releases letter to shareholders - Sarissa Capital released the following letter to shareholders of Alkermes: "We are long-term Alkermes shareholders owning over $400M in stock who believe that the company is significantly undervalued and not run optimally. For this reason, over the last several years, we have attempted to engage in meaningful discussions with Alkermes regarding the business and operations of the company, including its discordant business franchises, cost structure, capital allocation, and corporate governance. We are trying hard to avoid this proxy contest and have offered reasonable settlement compromises including delaying our appointment to the board and making it contingent upon stock price targets not being met. The board shunned this offer and indicated that they would be willing to meet with us two times per year if we drop our request for board representation. We are a large, long-term shareholder with a stellar track record of success generating value for shareholders by working collaboratively in the boardroom. We have proposed excellent candidates and cannot understand why the company is prepared to spend such a tremendous amount of time and shareholder money to keep us off the board. We will clearly add a shareholder perspective that currently does not exist in the boardroom. We hope to continue our dialogue with the independent board members in the hopes of reaching an amicable settlement so that we can begin to work together to create value for all shareholders. Unfortunately, we fear Richard Pops, the CEO and Chairman of Alkermes, has far too much control on the board to allow a shareholder-favorable settlement to occur.
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BLPH | Hot Stocks07:26 EDT Bellerophon says Phase 3 REBUILD trial did not meet primary endpoint - Bellerophon Therapeutics announced top-line results from its pivotal Phase 3 REBUILD clinical trial evaluating the safety and efficacy of INOpulse for the treatment of fibrotic Interstitial Lung Disease. The REBUILD clinical trial was designed as a randomized, double-blind, placebo-controlled Phase 3 study evaluating the safety and efficacy of INOpulse for the treatment of patients with fILD. A total of 145 fILD patients were enrolled and treated with either INOpulse at a dose of iNO45 or a placebo. The primary endpoint was the change in moderate to vigorous physical activity as measured by actigraphy after 16 weeks of chronic treatment. The trial did not meet its primary endpoint, with iNO45 performing worse than placebo by 5.49 minutes per day. The secondary endpoints demonstrated minimal difference between the two groups with none approaching statistical significance. Overall, INOpulse was well-tolerated with no safety concerns, consistent with what has been observed in the prior Phase 2 studies. Key REBUILD clinical trial secondary endpoints and safety outputs assessed over 16 weeks of blinded treatment included: Overall Activity showed 3.51 count/min benefit in favor of iNO45; 6 Minute Walk Distance showed 0.19 meter benefit in favor of iNO45; Patient reported outcomes were slightly in favor of placebo, while time to event assessments showed little difference and none were statistically significant; Subjects with treatment emergent adverse events was slightly in favor of placebo; Subjects with serious treatment emergent adverse events was balanced; Deaths were balanced.
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FEAM | Hot Stocks07:24 EDT 5E Advanced Metals appoints Susan Seilheimer Brennan to board - 5E Advanced Materials is pleased to announce the appointment of current CEO, Ms. Susan Seilheimer Brennan, as a director to the Board.
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EYPT | Hot Stocks07:23 EDT EyePoint completes enrollment in Phase 2 PAVIA trial of EYP-1901 - EyePoint Pharmaceuticals completed enrollment in the Phase 2 PAVIA clinical trial evaluating EYP-1901 as a potential nine-month treatment for moderate to severe non-proliferative diabetic retinopathy. PAVIA is a 12-month, randomized, controlled Phase 2 clinical trial of EYP-1901 in patients with moderate to severe NPDR. The trial enrolled 77 patients randomly assigned to one of two doses of EYP-1901, or to the control group receiving a sham injection. EYP-1901 is delivered with a single intravitreal injection in the physician's office. The primary efficacy endpoint of the trial is improvement of at least two diabetic retinopathy severity scale levels as of week 36 after the EYP-1901 injection. Secondary endpoints include reduction in vision-threatening complications, occurrence of diabetic macular edema and/or proliferative disease, retinal ischemia/nonperfusion and safety.
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BLCO | Hot Stocks07:22 EDT Bausch + Lomb debutsSiHy daily disposable contact lenses for presbyopia - "Bausch + Lomb announced the U.S. launch of Bausch + Lomb INFUSE Multifocal silicone hydrogel or SiHy, daily disposable contact lenses. Featuring a next-generation material infused with ProBalance Technology for all-day comfort and the company's unique 3-Zone Progressive design, the new lens addresses the dynamic vision needs of patients with presbyopia by delivering clear vision with seamless transitions across near, intermediate and distance vision while helping to minimize contact lens dryness. "Presbyopic patients have unique vision needs due to their age and lifestyle. Our Bausch + Lomb INFUSE Multifocal SiHy contact lenses were designed to directly address the common problems that they experience with multifocal contact lenses, such as contact lens dryness, which nearly 70% of multifocal contact lens wearers report experiencing during lens wear,"1 said Yang Yang, senior vice president, Vision Care, Bausch + Lomb. "With the prevalence of presbyopia estimated to be nearly 80% by age 45-55 in North America, and an increasing aging society in the United States that spends more than nine hours a day on digital devices, we are proud to use our latest science and contact lens technologies to provide eye care professionals and their patients with this new innovative multifocal lens option."2-4 Bausch + Lomb INFUSE Multifocal contact lenses are made with a next generation SiHy daily disposable lens material ( that combines exceptional breathability for healthy lens wear with a low modulus and high moisture, allowing the lens to maintain 96% of its moisture for a full 16 hours.5 The lens material is infused with ProBalance Technology which includes a unique combination of ingredients inspired by the Tear Film and Ocular Surface Society's DEWS II report and is released during lens wear to help maintain ocular surface homeostasis and minimize contact lens dryness. The unique 3-Zone Progressive design delivers excellent near and intermediate vision without compromising distance vision," said the company in a statement.
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NRXP LTUS | Hot Stocks07:22 EDT NRx Pharmaceuticals, Lotus Pharmaceuticals, Alvogen collaborate for NRX-101 - Lotus Pharmaceuticals (LTUS), Alvogen and NRx Pharmaceuticals Inc. (NRXP) announced a global collaboration agreement covering the development and commercialization of NRX-101 for suicidal treatment-resistant bipolar depression for global markets. Under the terms of the agreement, relating to NRX-101 for the U.S. market, NRx is entitled to receive an initial payment of $10 million upon achieving both a successful read-out from the ongoing Phase 2b/3 clinical trial in S-TRB and completion of a Type B meeting with the U.S. Food and Drug Administration. NRx would receive an additional payment of $5 million upon receipt of FDA approval for NRX-101 as well as bonus milestone payments of increasing amounts up to $330 million based on reaching certain net sales targets. In addition to success-based payments, NRx is eligible to receive a royalty on net sales between 12% and 16% contingent on certain sales thresholds for the U.S. market and other success-based payments for markets outside of the U.S. Lotus will acquire worldwide rights for NRX-101 for treatment of S-TRBD and will be responsible for commercialization of NRX-101 in markets outside of the U.S. through their direct commercial presence in certain Asian markets or through Lotus's export division where the company currently markets an extensive portfolio of products through top-tier partners. Lotus will partner with Alvogen, a longstanding partner for Lotus in the U.S., to commercialize NRX-101 for treatment of S-TRBD in the U.S. market through Alvogen's Almatica label. Almatica is the CNS-focused division of Alvogen that currently markets six branded products. Alvogen and Lotus have committed to fund the next registrational study in suicidal treatment-resistant bipolar depression to support approval of NRX-101 contingent upon successful results of the ongoing Phase 2b/3 clinical trial and completion of a Type B meeting with the FDA. Lotus and Alvogen will have a right of first negotiation for new indications outside of the field of bipolar depression with suicidality for NRX-101 and/or potential new products containing D-cycloserine in combination with an antidepressant / antipsychotic.
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AVDL | Hot Stocks07:20 EDT Avadel Pharmaceuticals announces U.S. commercial launch of LUMRYZ - Avadel Pharmaceuticals announced that LUMRYZ is now commercially available. LUMRYZ is an extended-release formulation of sodium oxybate indicated to be taken once at bedtime for the treatment of cataplexy or excessive daytime sleepiness in adults with narcolepsy.
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ONCY | Hot Stocks07:19 EDT Oncolytics announces updated results from its BRACELET-1 trial - Oncolytics Biotech announced updated results from BRACELET-1, a randomized phase 2 trial in HR+/HER2- metastatic breast cancer, which include data featured in an oral presentation at the 2023 American Society of Clinical Oncology, ASCO, Annual Meeting, as well as additional new data and analyses. BRACELET-1 enrolled 48 patients, including 45 that were randomized and well-balanced across three cohorts evaluating: paclitaxel monotherapy; paclitaxel in combination with pelareorep; and paclitaxel plus pelareorep in combination with the anti-PD-L1 checkpoint inhibitor, avelumab. Updated data from BRACELET-1 showed a median progression-free survival of 9.5 months in the paclitaxel plus pelareorep cohort vs. 6.3 months in the paclitaxel monotherapy cohort for a hazard ratio of 0.29 as of a March 3, 2023 cut-off date. Confirmed overall response rate, ORR, in these cohorts was 37.5% and 13.3%, respectively. As previously reported, ORR at week-16 in the pelareorep plus paclitaxel and paclitaxel monotherapy cohorts was 31.3% and 20%, respectively. Overall survival data from the trial continue to mature. Key biomarker and safety findings from BRACELET-1 include: Association between T cell expansion and efficacy measures: A statistically significant increase in T cell fraction, a measure of T cell expansion, was observed in cohort 2 but not cohort 3. Generally favorable and manageable safety profile: Pelareorep displayed a manageable safety profile consistent with what has been observed in prior clinical trials that have collectively treated over 1,100 patients
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CSTL | Hot Stocks07:19 EDT Castle Biosciences announces publication of DecisionDx-SCC test results - Castle Biosciences announced the publication of a paper in Clinical, Cosmetic and Investigational Dermatology highlighting a clinician-derived, real-world algorithm that provides a framework to incorporate DecisionDx-SCC test results into clinical practice within National Comprehensive Cancer Network, or NCCN, guideline recommendations. This framework for stratifying patients with advanced cSCC includes a treatment algorithm that demonstrates how use of DecisionDx-SCC test results can assist clinicians in identifying personalized, risk-aligned treatment pathway improvements for patients with high-risk cSCC, based on the patient's tumor biology, which may help improve their disease outcome. The DecisionDx-SCC test has been validated to independently identify cSCC patients who have tumors with high metastatic potential. In the study, three private-practice Mohs surgeons, who routinely use the test to risk-stratify their high-risk cSCC patients, merged their management approaches for three real-world, high-risk cSCC patients into a singular algorithm that provides a framework for incorporating each of the test's three potential results into current NCCN guidelines. This algorithm adds greater specificity to the broad guidelines for the treatment of high-risk cSCC patients, including surveillance imaging, sentinel lymph node biopsy, adjuvant radiation therapy and clinical follow-up, which frequently result in disparities in clinical practice and management, and provide guidance on how to use each based on the patient's DecisionDx-SCC test results. The three patient cases discussed in the paper provide support for the clinical utility of DecisionDx-SCC to provide a more definitive, risk-aligned use of these treatment modalities in an effort to improve patient care and overall health outcomes. In all three cases presented in the study, use of the algorithm incorporating DecisionDx-SCC test results led to no evidence of disease recurrence or metastasis post-treatment, based on the timing described in the study. The study findings support the use of DecisionDx-SCC test results within established guidelines to enable personalized, risk-aligned management of high-risk cSCC patients and the allocation of healthcare resources to patients at the highest risk of a poor outcome.
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FHTX | Hot Stocks07:18 EDT Foghorn Therapeutics sees cash runway into 2H25 - "With a focus on patient safety, we have worked with the FDA to resolve the clinical hold on FHD-286 in AML and MDS," said Adrian Gottschalk, President and Chief Executive Officer of Foghorn. "Clinical data suggest FHD-286 is a potent, broad-based differentiation therapeutic, and we believe it has significant combination potential as a treatment in AML. We anticipate commencing a Phase 1 combination study focusing on first-line relapsed and/or refractory AML patients in the third quarter of 2023."
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FHTX | Hot Stocks07:18 EDT Foghorn Therapeutics to commence Phase 1 combination study of FHD-286 in Q3 - Foghorn plans to commence the Phase 1 combination study of FHD-286 in relapsed and/or refractory AML patients in the third quarter of 2023. Study details include:FHD-286 will be dose escalated in combination with either fixed dose decitabine or fixed dose cytarabine in a standard 3+3 dose escalation design. The study will enroll relapsed and/or refractory AML patients and the protocol allows for first-line relapsed and/or refractory AML patients. The study will assess safety, tolerability, and efficacy of the combination regimens. The combination of FHD-286 with decitabine or cytarabine may mitigate the risk for differentiation syndrome given the cytoreductive properties of these agents.
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BIOL | Hot Stocks07:17 EDT Biolase is reducing its U.S. workforce by 20% to improve operating efficiency - BIOLASE is taking the necessary steps to optimize operations to capitalize on the rising business momentum for its market-leading dental lasers. The Company remains committed to advancing the field of dentistry through cutting-edge laser solutions while achieving profitability. To ensure its steadfast pursuit of this objective is achieved, the Company is reducing its US workforce by approximately 20%, resulting in a projected annualized cost savings of approximately $4 million. "We believe today's action increases BIOLASE'S operational effectiveness, while the cost savings should allow us to allocate additional resources to revenue-generating initiatives and position us for sustained long-term success in the dental technology industry," commented John Beaver, President and Chief Executive Officer at BIOLASE. "Our strategy of transforming dentistry with innovative laser technologies has not wavered because of this development, and we expect this will have zero impact on our ability to drive sales growth and maintain our market-leading position. These optimization efforts allow us to focus on our growth and profitability targets without compromising our commitment to customer satisfaction and market expansion. We have also accelerated our in-house production of certain key components that will significantly improve our gross margin in the future. These initiatives, along with other cost optimization strategies being implemented should help us meet our goal of being adjusted EBITDA positive this year."
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FHTX | Hot Stocks07:17 EDT Foghorn Therapeutics says FDA lifts clinical hold on Phase 1 study of FHD-286 - Foghorn Therapeutics announced that the U.S. Food and Drug Administration has lifted the clinical hold on the Phase 1 monotherapy dose escalation study of FHD-286 in acute myelogenous leukemia and myelodysplastic syndrome. Foghorn plans to commence a Phase 1 study of FHD-286 in combination with decitabine or cytarabine in relapsed and/or refractory AML patients in the third quarter of 2023. On August 23, 2022, Foghorn announced a full clinical hold in the AML/MDS Phase 1 study due to suspected cases of fatal differentiation syndrome believed to be associated with FHD-286 treatment. Differentiation syndrome is associated with AML/MDS therapeutics that induce differentiation, causing undifferentiated cancer cells to mature, and is an effect that has been seen with, and is believed to be on-target for, the proposed mechanism of action for FHD-286. The clinical hold was lifted as of June 1, 2023. Foghorn has amended the protocol and plans to commence a Phase 1 study of FHD-286 in combination with decitabine or low-dose cytarabine in relapsed and/or refractory AML patients. The decision to advance to the Phase 1 combination study is based on clinical data demonstrating FHD-286's effect as a broad-based differentiation agent, its safety profile, as well as supportive pre-clinical combination data, including robust efficacy data in multiple CDX and PDX models.
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VEEV | Hot Stocks07:16 EDT Veeva announces over 450 companies using Veeva Vault eTMF - More than 450 biopharma companies-including 18 of the top 20 pharmas and 4 of the top 6 CROs-use Veeva Vault eTMF to automate trial processes and improve information exchange across stakeholders. "We're excited to continue partnering with customers to advance TMF for more efficient, compliant clinical trials," said Jason Methia, vice president, Veeva Vault Clinical Operations strategy. "By delivering Veeva Vault eTMF innovations, we're tackling challenges that can significantly streamline study processes and move the industry forward."
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NAMS | Hot Stocks07:16 EDT NewAmsterdam says Phase 2b trial of obicetrapib meets primary endpoint - NewAmsterdam Pharma Company announced statistically significant and clinically meaningful topline results from the Phase 2b dose-finding trial of obicetrapib, the company's oral, low-dose and once-daily cholesteryl ester transfer protein inhibitor, as an adjunct to stable statin therapy in Japanese patients with dyslipidemia. Based on the results observed, NewAmsterdam plans to leverage data from the ongoing Phase 3 BROOKLYN, BROADWAY and PREVAIL clinical trials, if supportive, to pursue regulatory approval in Japan. The Phase 2b trial was a placebo-controlled, double-blind, randomized, dose-finding trial to evaluate the efficacy, safety and tolerability of obicetrapib as an adjunct to stable statin therapy in Japanese patients. The trial enrolled 102 adult participants, who were randomized 1:1:1:1 to receive obicetrapib 2.5mg, 5mg, 10mg or placebo for a 56-day treatment period. Patients treated with obicetrapib 2.5mg, 5mg, or 10mg, achieved a median reduction in LDL-C of 24.8%, 31.9%, and 45.8%, respectively, as compared to patients treated with placebo, who achieved a median reduction in LDL-C of 0.9%. In addition, patients treated with obicetrapib 10mg achieved a median reduction in apolipoprotein B of 29.7%, compared to a 1.2% reduction in patients treated with placebo, and a median reduction in non-high-density lipoprotein cholesterol of 37.0%, as compared to a 0.4% reduction in patients treated with placebo. The p-value for each endpoint compared to placebo was less than0.0001. Overall, the different dosages of obicetrapib were observed to be well-tolerated, with a safety profile comparable to placebo. NewAmsterdam anticipates sharing full data from this Phase 2b clinical trial in a forthcoming publication or in a presentation at an upcoming medical meeting.
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LUCD PAVM | Hot Stocks07:15 EDT Lucid Diagnostics launches first EsoGuard mobile test unit - Lucid Diagnostics (LUCD), a commercial-stage cancer prevention diagnostics company and a majority-owned subsidiary of PAVmed (PAVM), announced the launch of its first EsoGuard #CheckYourFoodTube Mobile Test Unit serving patients and practices in the Greater Central Florida area. Florida Digestive Health Specialists, Florida's largest gastroenterology network, will co-host the inaugural precancer detection event at the Gastroenterology Associates of Sarasota offices in Sarasota, Florida under the direction of Dr. Scott Corbett, Chief of Gastroenterology at Sarasota Memorial Hospital. "This expansion into mobile testing is yet another example of our relentless commitment to bringing EsoGuard testing to at-risk patients in order to detect precancer and prevent devastating esophageal cancer," said Lishan Aklog, M.D., Lucid's Chairman & Chief Executive Officer. "We believe that mobile testing will strongly complement our satellite Lucid Test Center and high-volume precancer detection event programs."
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HHRS | Hot Stocks07:14 EDT Hammerhead Resources announces results of substantial issuer bid - Hammerhead Energy announces the results of its substantial issuer bid, pursuant to which HEI offered to purchase for cancellation up to 20,000,000 of its warrants to purchase Class A common shares of Hammerhead at a purchase price of US$1.00 per Warrant, and which expired at 5:00 p.m. on June 2, 2023. In accordance with the terms and conditions of the Offer and based on the final calculation by Computershare Investor Services Inc., as depositary for the Offer, a total of 12,852,235 Warrants were properly tendered to the Offer and not properly withdrawn. Hammerhead has directed the Depositary to take up all such 12,852,235 Warrants at the Purchase Price, representing an aggregate purchase price of US$12,852,235 and approximately 45% of the total number of Hammerhead's issued and outstanding Warrants as at the time the Offer was commenced on April 27, 2023. Immediately following the purchase and cancellation of such Warrants, Hammerhead anticipates that 15,697,756 Warrants, 91,049,197 Common Shares, 5,080,060 legacy restricted share units, 650,495 legacy options, and 1,945,115 restricted share awards will be issued and outstanding. Payment for the Warrants accepted for purchase will be made in accordance with the terms of the Offer and applicable law. All Warrants not purchased under the Offer, or Warrants properly withdrawn, will be returned to Warrantholders by the Depositary. At the option of Hammerhead, the remaining Warrants may be redeemed at a price of US$0.10 per Warrant, upon at least 30 days' prior written notice, if, among other things, the last reported sales price of the Common Shares equals or exceeds US$10.00 per Common Share on the trading day prior to the date on which notice of the redemption is given. In such a case, Warrantholders will be able to exercise their Warrants prior to the date of redemption for a number of Common Shares determined in accordance with the Amended and Restated Warrant Agreement among Hammerhead, Computershare Inc. and Computershare Trust Company, N.A. dated February 22, 2023. At this time, the Warrants are not redeemable and Hammerhead has not issued a notice of redemption.
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NUMIF MNMD | Hot Stocks07:14 EDT Numinus' CCR is top clinical research site for MindMed's Phase 2b study - Numinus Wellness (NUMIF) announces Cedar Clinical Research, CCR, is a top research site for MindMed's (MNMD) Phase 2b study evaluating MM-120 for General Anxiety Disorder. CCR's research clinic in Draper, Utah, is the top enrolling site for the research study - having enrolled and dosed 19 clinical trial participants for the study to date. CCR also recently began enrolling volunteers for this trial at a second research clinic - in Murray, Utah. "We're excited to support MindMed in their clinical trial work, by evaluating new important treatments and protocols to address mental health disorders," said Paul Thielking, Chief Science Officer, Numinus, and Principal Investigator at CCR Murray. "The fact that our Draper research clinic is the top enrolling site for the study underscores the quality of our clinical research capabilities and recruiting efforts."
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BEVFF BMO | Hot Stocks07:12 EDT Diversified Royalty announces completion of AIR MILES acquisition - Diversified Royalty (BEVFF) announced that on June 1, 2023 the Bank of Montreal (BMO) issued a news release confirming BMO completed its previously announced acquisition of the AIR MILES Reward Program business from LoyaltyOne. In addition, DIV is also pleased to announce that its board of directors has approved a cash dividend of $0.02 per common share for the period of June 1, 2023 to June 30, 2023, which is equal to $0.24 per common share on an annualized basis. The dividend will be paid on June 30, 2023 to shareholders of record as of the close of business on June 15, 2023. According to the BMO News Release, BMO completed the AIR MILES Acquisition on June 1, 2023. The BMO News Release described the AIR MILES Acquisition as a made-in-Canada opportunity to reinvigorate one of Canada's most celebrated loyalty programs for all Canadians collecting AIR MILES Reward Miles, as well as partners across the country. DIV's wholly-owned subsidiary AM Royalties Limited Partnership owns the Canadian AIR MILES trademarks and certain related Canadian intellectual property rights. Prior to the AIR MILES Acquisition, AM LP licenced the AIR MILES Rights to LoyaltyOne, Co. for use in the AIR Miles Reward Program business in Canada in accordance with the terms of two license agreements. In connection with the AIR MILES Acquisition, the AIR MILES Licences were assigned to, and assumed by, an affiliate of BMO, and remain in full force and effect. BMO has confirmed to DIV that the remaining uncollected Q1 2023 royalty income of approximately $0.8 million will be paid to AM LP in the near term.
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CGEN | Hot Stocks07:12 EDT Compugen announces preliminary results of COM701 with nivolumab, BMS-986207 - Compugen announced data to be presented at the American Society of Clinical Oncology, ASCO, Annual Meeting, showing that Compugen's COM701 in triple combination with nivolumab and BMS-986207 demonstrated preliminary signal of durable anti-tumor activity in patients with recurrent, metastatic MSS endometrial cancer with a favorable safety profile. Preliminary translational data showed an association between greater peripheral immune activation and clinical benefit. Henry Adewoye, MD., Chief Medical Officer of Compugen, added, "I am delighted to see the preliminary data we have reported, including a confirmed partial response in a patient with endometrial carcinosarcoma, a rare hard-to-treat histologic type of endometrial cancer that is not typically responsive to standard of care therapies. The translational findings in patients with clinical benefit are also in line with the mechanistic rationale of the combination. Although the number of patients enrolled is small, these data and the clinical signal reported support our hypothesis of blocking the DNAM-1 axis with anti-PVRIG, TIGIT and PD-1 antibodies."
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GKOS | Hot Stocks07:10 EDT Glaukos gets pipeline milestone with enrollment for 'pivotal trial for Epioxa' - Glaukos announced the completion of enrollment and randomization in its second Phase 3 confirmatory pivotal trial for Epioxa its next-generation corneal cross-linking therapy for the treatment of keratoconus. "The expeditious enrollment completion in the Epioxa Phase 3 confirmatory trial, which only commenced earlier this year, is a testament to the favorable risk-benefit profile of this next-generation therapy as well as our team's hard work in bringing this important therapy one step closer to patients suffering from keratoconus, a sight-threatening corneal disease," said Thomas Burns, Glaukos chairman and chief executive officer. "We appreciate the commitment and dedication of the clinical investigators, who played a vital role in helping to achieve this enrollment milestone ahead of our original timing expectations. We look forward to following these patients' outcomes as we target a U.S. New Drug Application submission for Epioxa by the end of 2024.Results from this second Phase 3 confirmatory pivotal trial together with the already-completed first Phase 3 pivotal trial are expected to support Glaukos' targeted NDA submission for Epioxa by the end of 2024. As a reminder, the U.S. FDA has confirmed Glaukos' first Phase 3 pivotal trial for Epioxa, which met the pre-specified primary efficacy endpoint, would be adequate to support the submission and review of an eventual NDA, in conjunction with this second Phase 3 trial. As Glaukos continues to advance its clinical plans for Epioxa, it remains well-positioned to serve keratoconus patients with its first-generation corneal cross-linking therapy, Photrexa , or Epi-off, which remains the only FDA-approved treatment shown to slow and halt the progression of keratoconus. " ...
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HSC NVRI | Hot Stocks07:10 EDT Harsco changes name to Enviri Corporation - Harsco Corporation will change its name to Enviri Corporation effective immediately. The Company will begin trading under the NYSE ticker "NVRI" on June 19, 2023. The new name and brand identity reflect the Company's transformation over the past four years into a single-thesis environmental solutions company that provides services to manage, recycle and beneficially reuse waste and byproduct materials across many industries."As we considered where we are today, how our business has evolved and our commitment to the environment, it is important to have a name and brand identity that align with this image," said Nick Grasberger, CEO We are energized as we enter into this new era and look forward to continuing to operate with the same commitment to excellence that has been part of the Company's legacy for more than 170 years, while providing value for our investors, customers, partners and the communities in which we operate." While the Company has changed its legal name to Enviri, Harsco Environmental, Clean Earth and Harsco Rail, will continue to operate under their existing names as divisions of Enviri.
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AZN | Hot Stocks07:09 EDT AstraZeneca announces ANNEXA-I trial will be stopped early - ANNEXA-I, a post-marketing Phase IV trial to assess the efficacy and safety of Andexxa in patients on oral FXa inhibitor treatment including apixaban and rivaroxaban experiencing an intracranial hemorrhage, will be stopped early. The decision is based on achieving pre-specified stopping criteria of superior hemostatic efficacy, the ability to limit the expansion of a potentially life-threatening bleed in the brain, versus usual care. The recommendation to stop the trial was made by the independent Data and Safety Monitoring Board, or DSMB, following a planned interim assessment of efficacy after 450 patients had been randomized and followed for one month, which showed Andexxa's reversal benefits earlier in the study enrolment than originally anticipated. Andexxa is specifically designed to rapidly reverse the anticoagulation effects of direct oral FXa inhibitors due to life-threatening or uncontrolled bleeding. The treatment has been granted accelerated approval in the U.S. and is conditionally approved in the EU, Switzerland and UK as Ondexxya for adults treated with FXa inhibitors apixaban and rivaroxaban. It is also approved in Japan as Ondexxya for FXa inhibitors apixaban, rivaroxaban, or edoxaban. Use of Andexxa is supported by over 15 national and international guidelines across multiple disciplines. AstraZeneca will now initiate closure of Andexxa and proceed with regulatory filings in the U.S. and EU to convert to full label approval. The full efficacy and safety results will be submitted for presentation at a forthcoming medical meeting and publication.
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PYNKF | Hot Stocks07:09 EDT Perimeter Medical Imaging AI announces CEO Sobotta resigned, Mendes to succeed - Perimeter Medical Imaging AI announced that Jeremy Sobotta has resigned as Chief Executive Officer of the Company, effective June 15, 2023, for personal reasons. Perimeter has also announced that the Board of Directors has appointed Adrian Mendes as Chief Executive Officer, effective immediately. Sobotta will work closely with Mendes over the coming weeks to ensure a smooth transition of responsibilities. Most recently, Mendes was the Chief Operating Officer at Groq, an AI hardware company. In addition, Perimeter announced that Josh Vose, MD, MBA has been appointed to its Board of Directors, effective immediately. Most recently, Dr. Vose served as CEO and Board Director at SIA Health.
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BVXV | Hot Stocks07:08 EDT BiondVax signs license agreement to commercialize VHH antibodies - BiondVax Pharmaceuticals announces that as part of its ongoing broad-based collaboration with the Max Planck Society and the University Medical Center Gottingen, it has signed an exclusive worldwide license agreement to develop and commercialize VHH antibodies targeting Interleukin-17 as treatments for all potential indications, starting with psoriasis and psoriatic arthritis. Under the BiondVax-MPG-UMG research collaboration agreement, NanoAb candidates must satisfy rigorous criteria relating to binding affinity, neutralization of the target and other attributes prior to being in-licensed by BiondVax. An ex vivo proof-of-concept for psoriasis using the anti-IL-17 NanoAb in a psoriatic human skin model is expected later this year. BiondVax plans to initiate a preclinical in vivo efficacy study in 2024 followed later by human clinical trials. As an initial target indication, BiondVax plans to test the antibody in humans with local, intradermal injections directly to psoriatic lesions to test the NanoAb's ability to provide a safe and affordable biologic treatment for mild to moderate psoriatic patients for whom the available mAbs are not authorized, and who represent 85% of plaque psoriasis cases. BiondVax is working on plans to develop the drug also as a subcutaneous injection for systemic treatment targeting patients with moderate to severe plaque psoriasis.
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CMMB | Hot Stocks07:07 EDT Chemomab Therapeutics announces leadership changes, Mor appointed CEO - Chemomab Therapeutics announced changes to its executive leadership team and provided a corporate update. Adi Mor, PhD, co-Founder and former Chief Executive Officer, CEO, of Chemomab, and current Director and Chief Scientific Officer, has been reappointed to the role of CEO, replacing Dale Pfost, PhD. Sigal Fattal, former Chief Financial Officer, CFO, and current Vice President, Finance, has been reappointed to the role of CFO, replacing Donald Marvin. Current Director Nissim Darvish, MD, PhD, has been appointed Chairman of the Board, replacing Dr. Pfost. All the appointments were effective June 1, 2023.
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AGNPF | Hot Stocks07:06 EDT Algernon Pharmaceuticals completes dosing in final cohort of DMT Phase 1 trial - Algernon Pharmaceuticals advises that its subsidiary Algernon NeuroScience, has successfully completed dosing of the third and planned final cohort in its escalating dose Phase 1 clinical study of an intravenous formulation of AP-188. AGN Neuro also reports that the safety review committee has confirmed that there were no safety or tolerability issues with the highest dose, which was able to maintain plasma DMT concentrations at targeted levels and which was below the established psychedelic dose. The psychedelic dose of DMT was previously identified as 0.2 mg/kg by Dr. Rick Strassman, DMT researcher and author of the book DMT: The Spirit Molecule and AGN Neuro consultant, in his ground-breaking DMT human studies in the early 1990s. AGN Neuro is the first company to test DMT at single escalating concentrations with an IV dose for a 6-hour duration. In pre-clinical studies, DMT increases brain derived neurotropic factor which is believed to be a key mechanism involved in healing the brain after an injury. DMT is believed to activate pathways involved in forming neuronal connections and has been shown to increase the number of dendritic spines on cortical neurons. Dendritic spines form synapses with other neurons and are a critical site of molecular activity in the brain. The single escalating dose Phase 1 trial was conducted at the Centre for Human Drug Research in Leiden, Netherlands. The purpose of the study was to identify the safety, tolerability, and pharmacokinetics of sub-psychedelic doses of DMT when administered as an intravenous bolus followed by a prolonged infusion of 6 hours, a period which has never been studied clinically. In addition, several pharmacodynamic measures believed to be associated with neuroplasticity, including both measurements of biochemical markers and electroencephalographic readings, were recorded. AGN Neuro plans to publish the data from the study in an upcoming issue of a peer reviewed, scientific publication. Based on the success of the highest tested dose, the second part of the study, which will be scheduled to begin at a later time, will include dosing subjects for 6 hours with repeated administrations over a two-week period. AGN Neuro has now established a single dose regimen which can now be used in its first Phase 2 study for stroke and TBI
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CIR KKR | Hot Stocks07:07 EDT Circor to be acquired by KKR in $1.6B all cash transaction - Circor (CIR) announced that it has entered into a definitive agreement to be acquired by investment funds managed by KKR (KKR) in an all cash transaction valued at approximately $1.6B, including the assumption of debt. Under the terms of the agreement, KKR will acquire all outstanding shares of Circor common stock for $49 per share in cash, representing a 55% premium to the company's closing stock price on June 2, 2023. KKR is making its investment in Circor through its North America Fund XIII. The investment builds on KKR's recent experience investing in flow control technologies and aerospace and defense industry suppliers globally. Following the close of the transaction, KKR will support Circor in expanding its equity ownership program to allow all employees to have the opportunity to participate in the benefits of ownership of the company. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Since 2011, KKR portfolio companies have awarded billions of dollars of total equity value to over 50,000 non-management employees across nearly 30 companies.
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AKRO | Hot Stocks07:05 EDT Akero's Phase 2b SYMMETRY Cohort D study met safety, tolerability endpoints - Akero Therapeutics released topline data from an expansion cohort of the Phase 2b SYMMETRY study known as Cohort D. The primary aim of the 12-week study was to assess safety and tolerability of Akero's lead product candidate, efruxifermin, compared to placebo when added to an existing GLP-1 receptor agonist in patients with Type 2 diabetes and F1-F3 liver fibrosis due to non-alcoholic steatohepatitis. EFX was reported to be generally well tolerated in Cohort D with comparable results for the EFX and placebo groups. The overall tolerability profile was similar to that observed in Akero's BALANCED and HARMONY studies. The most frequent adverse events for EFX-treated patients were grade 1 or 2 gastrointestinal events. One patient treated with EFX discontinued due to nausea and one EFX-treated patient discontinued after withdrawing consent. There were no drug-related serious adverse events. Cohort D also met all key secondary endpoints, including relative reduction of liver fat and proportion of patients whose absolute liver fat level normalized to 5 percent or less. We believe these data, together with statistically significant improvements across many other key NASH-related measures, show that EFX could be an important treatment for patients with NASH who are being treated with GLP-1 for T2D or obesity. In July of 2021, Akero initiated the SYMMETRY main study, a Phase 2b trial in biopsy-confirmed NASH patients with compensated cirrhosis, Child-Pugh class A. Akero expects to report results from the ongoing study in the fourth quarter of 2023.
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PLTR | Hot Stocks07:01 EDT Palantir awarded $463M contract from USSOCOM - Palantir announced it was awarded a contract from the US Special Operations Command, or USSOCOM, to deliver technology solutions to support enterprise capabilities. The multi-year contract is worth up to $463M. Palantir provides best in class software capabilities for America's warfighters, including the men and women of USSOCOM, and this contract award will help ensure their continued competitive advantage in this next phase of competition. Palantir helps USSOCOM to parse the petabytes of data emanating from today's environments and enables decision-making. Palantir is driving rapid innovations across its Defense Portfolio. These include advancements in Large Language Models, or LLMs, to reduce cognitive load on warfighters and commanders; as well as advancements in edge processing and edge AI to maximize the warfighter's ability to integrate and utilize real-time information. This contract is the result of the trust built on more than a decade of work between our communities, and is a reaffirmation of Palantir's commitment to always provide the most capable software for the U.S. warfighters who need it most.
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NVO | Hot Stocks07:00 EDT Novo enters negotiations to acquire controlling stake in BIOCORP - Novo Nordisk A/S and BIOCORP Production SA announced that Novo Nordisk has entered into exclusive negotiations for a controlling stake in BIOCORP, which would be followed by a mandatory simplified tender offer on all remaining outstanding shares in BIOCORP at a price of 35.00 Euros per share in cash, representing a total equity value of approximately 154M Euros. Following the acquisition, Novo Nordisk would aim to preserve the agility and entrepreneurial spirit of BIOCORP, while investing further in the organization with the goal of delivering cutting edge devices and delivery solutions to improve care for people across the globe living with serious chronic diseases. About the proposed transaction: Novo Nordisk has entered into exclusive negotiations with BIO JAG, BIOCORP's main shareholder, relating to the acquisition by Novo Nordisk of BIO JAG's entire stake in BIOCORP representing 45.30% of its share capital and 62.19% of its theoretical voting rights. Moreover, Novo Nordisk would acquire, concomitantly with, and subject to the acquisition of BIO JAG's stake, at the same price per share, the shares held in BIOCORP by certain minority shareholders, including Nyenburgh, Greenstock and Vatel Capital, representing, in aggregate, 19.03% of the share capital and 13.07% of the theoretical voting rights of BIOCORP. Subject to completion of the Block Purchase, Novo Nordisk would file with the French Financial Market Authority, a mandatory simplified tender offer on all remaining outstanding BIOCORP shares on the same financial terms as the Block Purchase. To this effect, on 4 June 2023, BIOCORP's Board of Directors formed an ad hoc committee set up for the purpose of the Offer made up of Jean-Yves Berthon, Stephane Legastelois and Eric Dessertenne.The Block Purchase should take place during the third quarter of 2023. Filing of the subsequent Offer should take place in September 2023. BIOCORP's stock trading was suspended on June 5, 2023, and will resume at the opening of trading on June 6, 2023.
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IGT | Hot Stocks06:58 EDT International Game signs 10-year licensing pact with Sony Pictures Television - International Game announced that it has signed a ten-year licensing agreement with Sony Pictures Television that grants the company exclusive rights to the legendary Wheel of Fortune brand across gaming, lottery, iGaming and iLottery and non-exclusive rights to distribute Wheel of Fortune content for free-to-play social casinos. The contract will run January 1, 2025 to December 31, 2034.
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BFRG | Hot Stocks06:57 EDT Bullfrog AI expands license agreement with Johns Hopkins APL - BullFrog AI Holdings announced the expansion of its worldwide license agreement with the Johns Hopkins Applied Physics Laboratory, in Laurel, Maryland, for use of patented technology powering the Company's bfLEAP platform, an AI-driven platform for analyzing drug development data to potentially make life-saving therapies and treatments available to patients more quickly. The patented technology from APL powering bfLEAP includes analytical models that enable the analysis and interpretation of large, complex, and diverse datasets that may be incomplete and comprise both numerical and categorical data and provide explainable results. The innovative technology, which enables the detection of anomalies, patterns, and relationships, has been shown to perform better than well-known algorithms in benchmarking tests. The latest APL license improvements enable bfLEAP capabilities to be much more robust, both from a software perspective and mathematically. Additionally, the introduction of multivariate diffuse indexing, a new algorithm for analysis of mixed categorical/numerical data that supports both link inference and probabilistic modeling, allows probabilistic models to work with mixed data without any additional transformation. Furthermore, the creation of a new repository that now houses all of the graph algorithms has led to a more organized structure with three equivalent-sized repositories containing around 80 runnable analytics each. This update brings numerous robustness and usability improvements to the platform.
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AUMN | Hot Stocks06:55 EDT Golden Minerals provides update on Unifin dispure - The company said, "As previously disclosed, the Company is party to a lawsuit in Mexico brought by Unifin Financiera, S.A.B. de C.V. Unifin is alleging that a representative of the Company's subsidiary, Minera William, S.A. de C.V. signed certain documents in July 2011 purporting to bind Minera William as a guarantor of payment obligations owed by a third party to Unifin in connection with that third party's acquisition of certain drilling equipment. At the time the documentation was allegedly signed, Minera William was a subsidiary of ECU Silver Mining prior to the Company's acquisition of ECU in September 2011. A preliminary hearing on the lawsuit was held on June 2, 2023 and the trial hearing has been scheduled for June 30, 2023. Unifin is seeking recovery for as much as US$12.5 million. Because the Velardena mine and processing plants are held by Minera William, any adverse outcome of the action may have a material impact on our ability to restart production at Velardena."
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AUMN | Hot Stocks06:54 EDT Golden Minerals says needs to raise additional cash 'in the very near term' - The company said, "The Company does not currently have sufficient resources to initiate the restart of mining operations at Velardena or to otherwise meet its expected cash needs during the twelve months ending May 31, 2024. At May 31, 2023, our total cash resources were approximately $2.4 million and we have accrued accounts payable of approximately $1.7 million. The mining operations at Rodeo have ceased, and although we continue to process ore from the Rodeo stockpile, we do not expect to generate a significant amount of positive operating margin from Rodeo going forward. The Company needs to raise additional cash in the very near term, whether through the sale of non-core assets or equity financing, including the use of its ATM program. In the absence of sufficient asset sales, equity financing or other external funding the Company's cash balance is expected to be depleted early in the third quarter of 2023. If financing or asset sales are not available to us, we could be forced to liquidate our business. The Company's board of directors is considering various financing alternatives, sales of assets and other available strategic alternatives to avoid that result. If we are successful in raising sufficient capital to restart mining operations at Velardena during July 2023, and if we are successful in executing the mine plan described above, the forecasted net operating margin from the Velardena Properties during the twelve-month period ended May 31, 2024 is expected to be between $1.7 million and $2.0 million. This twelve-month period includes one-time costs related to restarting operations. As the mine reaches planned capacity to feed the processing plant approximately 325 tonnes per day, the second half of 2024 is forecast to be more favorable, generating a positive operating margin higher than what is expected during the first eleven months of operations. Net operating margin is defined as revenue from the sale of metals less the cost of metals sold. Our internal estimate for the net operating margin at Velardena assumes gold prices average $1,900 per ounce and silver prices average $22.50 per ounce. The actual amount received in net operating margin from both Rodeo and Velardena during the period may vary significantly from the amounts specified above due to, among other things: unanticipated variations in grade, challenges associated with our proposed mining plans, including difficulties in controlling grade dilution, decreases in commodity prices below those used in calculating the estimates shown above, variations in expected recoveries,increases in operating costs above those used in calculating the estimates shown above, or interruptions in mining. There is no assurance that the Company will be successful in achieving the positive operating margins at Velardena described above. Specifically, the anticipated net operating margin from the Velardena Properties is not based on the results of a full feasibility study. While the Company believes its internal estimates are realistic, the lack of a full feasibility study may increase the uncertainty associated with the estimates. In addition to the estimates described above, the Company expects to collect approximately $1.5 million in VAT accounts receivable from the Mexican government; however, the timing for receipt of these payments is uncertain."
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AUMN | Hot Stocks06:53 EDT Golden Minerals plans to restart silver, gold mining operations at Velardena - Golden Minerals Company plans to restart silver-gold mining operations at its Velardena Properties located in Durango State, Mexico, subject to the receipt of sufficient capital. Warren Rehn, CEO, stated, "I am very pleased to announce that Golden Minerals' board of directors has approved plans to restart mining operations at Velardena. The decision to begin operations again at Velardena was primarily based on vastly improved sales terms now available to us for the gold-rich pyrite concentrate that is produced from flotation processing of Velardena mineralized material, which permit us to restart operations without the significant expense of the previously planned bio-oxidation facility. Since the start of 2023, we successfully processed 3,000 tons of material mined in our test mining activities in 2022 and we sold approximately 600 tons of these concentrates under the improved terms with net receipts of approximately $1.5 million or about $500 per ton of mined material. These recent sales augur well for the potential success of our restart plans. We anticipate that we can start mining operations with minimal initial capital of approximately $0.5 million. Our internally developed mine plan projects the production of approximately 0.4 million silver equivalent ounces1 during 2023, with the potential to ramp up to approximately 1.6 million silver equivalent ounces per year thereafter. We have contracted for completion of an independent technical report, which we expect will support our internal projections. We intend to begin preparations to start mining immediately." Our internal mine plan calls for underground resue mining, starting with four active stopes initially with processing at Velardena's Plant I flotation facility at an initial throughput rate of approximately 80 tonnes per day. As underground development progresses, the number of stopes is anticipated to steadily increase over a period of months until 15 to 18 stopes are ultimately in continuous production. The mill is expected to reach a steady-state processing rate of approximately 325 tpd by the end of the year. All required permits are already in place, and because Plant I has recently been in use and processing previously mined Velardena sulfide material, after startup as development costs continue to exceed net revenue, the maximum cash outflows of about $2.3 million, inclusive of the initial $0.5 million, are predicted to be paid back within the first nine months of operations. The Company, through engagement with an independent engineering firm, intends in the third quarter of 2023 to update the March 2022 Technical Report Summary for Velardena that was previously completed in accordance with SEC SK-1300 guidelines. That report is available here, for reference: Velardena Technical Report Summary, Mar. 2022. It summarizes the underlying model from which the Company's current internally-developed forecasts have been developed. Current Company-developed forecasts for mining a portion of the published resource over an approximate seven-year life of mine estimate processing 700,000 - 800,000 tonnes of material at Plant I, with LOM payable gold production of 60,000 - 70,000 ounces and LOM payable silver production of 5.5 million - 6.5 million ounces. Operating costs are estimated at $225 - $275 per tonne.
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AZN | Hot Stocks06:51 EDT AstraZeneca says Andexxa trial stopped early after hitting pre-specified target - ANNEXA-I, a post-marketing Phase IV trial to assess the efficacy and safety of Andexxa in patients on oral FXa-inhibitor treatment including apixaban and rivaroxaban experiencing an intracranial haemorrhage, will be stopped early. The decision is based on achieving pre-specified stopping criteria of superior haemostatic efficacy, the ability to limit the expansion of a potentially life-threatening bleed in the brain, versus usual care, AstraZeneca announced. The recommendation to stop the trial was made by the independent Data and Safety Monitoring Board, or DSMB, following a planned interim assessment of efficacy after 450 patients had been randomized and followed for one month, which showed Andexxa's reversal benefits earlier in the study enrolment than originally anticipated. Mene Pangalos, Executive Vice President, BioPharmaceuticals R&D, AstraZeneca, said: "Millions of people worldwide depend on FXa inhibitors to prevent harmful blood clots from forming, but these agents also carry a small but significant risk of increasing the likelihood that an acute major bleed could occur. We are proud to offer the first and only approved treatment to specifically reverse FXa inhibitor activity and help achieve haemostasis, providing an effective and reliable treatment when immediate care is required."
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WDOFF ERO | Hot Stocks06:51 EDT Wesdome Gold Mines appoints Anthea Bath as president, CEO - Wesdome Gold Mines announced the appointment of Anthea Bath as President and CEO effective July 1, 2023. Warwick Morley-Jepson, Board Chair and Interim CEO, will continue his role as Interim CEO until Ms. Bath commences employment with the Company, and thereafter will resume his role as Independent Board Chair. Most recently, Anthea was the COO at Ero Copper.
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PK | Hot Stocks06:49 EDT Park Hotels & Resorts announces cessation of payment on $725M CMBS loan - Park Hotels & Resorts announced that, starting in June, it ceased making payments toward the $725 million non-recourse CMBS loan which is scheduled to mature in November 2023, and is secured by two of its San Francisco hotels-the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco. The Company intends to work in good faith with the loan's servicers to determine the most effective path forward, which is expected to result in ultimate removal of these hotels from its portfolio. "This past week we made the very difficult, but necessary decision to stop debt service payments on our San Francisco CMBS loan," commented CEO Thomas Baltimore. "After much thought and consideration, we believe it is in the best interest for Park's stockholders to materially reduce our current exposure to the San Francisco market. Now more than ever, we believe San Francisco's path to recovery remains clouded and elongated by major challenges - both old and new: record high office vacancy; concerns over street conditions; lower return to office than peer cities; and a weaker than expected citywide convention calendar through 2027 that will negatively impact business and leisure demand and will likely significantly reduce compression in the city for the foreseeable future. Unfortunately, the continued burden on our operating results and balance sheet is too significant to warrant continuing to subsidize and own these assets. Ultimately removing the loan and the hotels will substantially improve our balance sheet and operating metrics, as net leverage is reduced by nearly a full turn, while 2022 Comparable RevPAR and Comparable Hotel Adjusted EBITDA Margin as compared to 2019 would improve approximately 800 basis points and 230 basis points, respectively. In addition, reducing the negative overhang from San Francisco will allow Park to continue to focus on our key priorities to reshape our portfolio by selling non-core assets, and recycling capital to reduce leverage, invest in strategic ROI projects, and opportunistically repurchase stock and/or acquire assets."
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SYBX | Hot Stocks06:47 EDT Synlogic initiates Synpheny-3 Global Phase 3 study of SYNB1934 - Synlogic announced the initiation of Synpheny-3, a global, pivotal Phase 3 study evaluating the efficacy and safety of SYNB1934 as a potential treatment for phenylketonuria. Synpheny-3 is a randomized, placebo-controlled, global, multi-center, pivotal Phase 3 clinical trial designed to evaluate the efficacy and safety of SYNB1934 as a treatment for PKU. The final trial design incorporates feedback from global regulatory agencies including the U.S. Food and Drug Administration. The global study will enroll approximately 150 patients with plasma phenylalanine levels at baseline of greater than360 muM. Synpheny-3 will include patients ages 18 years and older; an initial subset of data from patients in Part 1 will be used to assess the opportunity to lower the age of enrollment to 12 years of age. Study participants may follow their usual diet while participating in the trial. Synpheny-3 is expected to be conducted at approximately 30 clinical sites across the United States, Canada, Germany, Denmark, Israel, Turkey and Georgia. The study has been designed for patient convenience, and offers opportunities to participate in person, or in a virtual or hybrid format. The study consists of three parts: Part 1 is a run-in period, enabling individualized titration across three potential dose levels, with patients spending a minimum of three weeks at each dose. Part 2 of the trial is a four-week, placebo-controlled, randomized withdrawal that will be used to assess the primary endpoint: change in levels of plasma Phe, with a primary analysis conducted among responders from Part 1. The definition for responders is a reduction in plasma Phe from baseline of greater than20%. Part 3 is an open-label extension that may extend for up to three years.
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MKTX | Hot Stocks06:46 EDT MarketAxess reports May total trading average daily volume down 19% y-o-y - Chris Concannon, CEO of MarketAxess, commented, "We registered our best single day of credit trading volume ever in May and delivered solid estimated year-over-year market share gains across U.S. high-yield, emerging markets, Eurobonds and municipal bonds. Additionally, estimated market share in U.S. high-grade, emerging markets and Eurobonds are showing sequential improvement versus first quarter 2023 levels. Credit spread volatility has remained fairly subdued since the initial March market dislocation, which has reduced trading activity by select client segments in U.S. high-yield. The strong rebound in the new issuance calendar in May is a positive for the macro backdrop and the passage of the debt ceiling bill reduces risk and uncertainty in the outlook for fixed income." Select May 2023 highlights: U.S. high-grade ADV of $5.8 billion, up 2.1%, with estimated market share of 20.2%. The new issue calendar snapped back strongly in May to $155 billion, up approximately 131% from April 2023 levels. Quarter-to-date, estimated market share in U.S. high-grade is 20.8%, running 90 basis points above first quarter 2023 levels. U.S. high-yield ADV of $1.5 billion with estimated market share of 16.7%. Low credit spread volatility has reduced trading activity in some client segments within U.S. high-yield with estimated U.S. high-yield TRACE market ADV down 14.5%. Emerging markets trading volume decreased 4.8% compared to a decrease of 6.8% in emerging markets estimated market trading volume. 27.8% increase in Eurobonds ADV to $1.8 billion with 17.7% estimated market share, up from 14.2%.3 Quarter-to-date, estimated market share in Eurobonds is 19.7%, running 370 basis points above first quarter 2023 levels. Municipal bond ADV of $403 million, up 3.4%, with estimated market share of 6.0%, up from 3.7%. 34% Open Trading share of total credit trading volume. Estimated price improvement via Open Trading was approximately $61 million. The preliminary FPM1 for total credit for May 2023 was approximately $162, compared to $159 in April 2023 and $164 in the prior year. The preliminary FPM for total rates was $4.60, compared to $4.45 in May 2022.
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SWTX | Hot Stocks06:42 EDT SpringsWorks announces PDUFA date extension for nirogacestat NDA - SpringWorks Therapeutics announced that the U.S. Food and Drug Administration has updated the Prescription Drug User Fee Act action date for the New Drug Application for nirogacestat for the treatment of adults with desmoid tumors. The previously disclosed August 27, 2023 PDUFA date has been extended by the standard extension period of three months. The FDA notified SpringWorks on June 2, 2023 that it required more time to review additional analyses of previously submitted data that had been provided by SpringWorks in response to the FDA's information requests. The submission of this additional information was determined by the FDA to constitute a Major Amendment to the NDA, thereby resulting in an extension of the PDUFA action date. No additional data or studies have been requested by the FDA at this time. The NDA for nirogacestat was granted Priority Review upon its acceptance by the FDA in February 2023 and is being reviewed under the FDA's Real-Time Oncology Review program. It is based on positive data from the Phase 3 DeFi trial which were published in the March 9, 2023 edition of the New England Journal of Medicine.1 The FDA previously granted Breakthrough Therapy, Fast Track and Orphan Drug designations for nirogacestat. In addition, SpringWorks expects to file a Marketing Authorization Application for nirogacestat with the European Medicines Agency in 2024.
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MNTS | Hot Stocks06:41 EDT Momentus signs agreement for orbital transportation services for nine satellites - Momentus has signed an agreement with Apogeo Space to provide orbital transportation services for nine satellites that are part of Apogeo's planned 100-satellite Internet of Things constellation. Apogeo Space aims to build a constellation of picosatellites capable of providing connectivity to IoT devices globally. The delivery with Momentus represents the second batch of nine satellites and another key step toward the creation of the 100-satellite network. The constellation is scheduled to enter service by the second half of 2023.
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NFGC | Hot Stocks06:40 EDT New Found Gold announces results from diamond drill hole at Iceberg - New Found Gold is pleased to announce the results from one diamond drill hole that was completed as part of a follow-up drill program at the new Iceberg discovery, a high-grade zone located 300m northeast of Keats Main along the highly prospective Appleton Fault Zone. New Found's 100%-owned Queensway project comprises a 1,662 km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. NFGC-23-1210 intersected 105 g/t Au over 27.05m just 35m from surface at Iceberg. High-grade mineralization is well distributed throughout the composite with nine individual sample intervals registering over 100 g/t Au. The hole is located 32m along strike of previously reported 49.7 g/t Au over 29.85m in NFGC-23-1120 and 30m down-dip of previously reported 15.3 g/t Au over 10.75m in NFGC-22-1084. Iceberg is currently drill-defined over a strike length of 550m and represents the fault-displaced eastern extent of the Keats-Baseline Fault Zone, the same fault that hosts Keats Main. Presently, the Keats Main-Iceberg-Iceberg East mineralized corridor has a combined strike length of 1.8km. Iceberg-Iceberg East remains open in all directions and drilling is ongoing to expand along strike and to depth with several intervals currently pending assay results.
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ASCUF RIO | Hot Stocks06:38 EDT Arizona Sonoran Copper reports 'positive' Nuton Technologies extraction rates - Arizona Sonoran Copper (ASCUF) reports preliminary column leach metallurgical extraction rates using the Nuton technologies as part of the Phase 1 testing program with Nuton LLC, a Rio Tinto venture (RIO) Primary sulphide extraction ranges from 61% to 82% based on 5 columns, including 2 early cycle columns returning 83% and 61%, 2 mid-cycle columns above 70% and 1 with lower extraction based on biotite content. Nuton is currently reassessing the additives for this low extraction column to address future biotite exposure, which accounts for approximately 1-2% of the Cactus West deposit in the primary zone. A total of 13 ongoing columns are approximately 75-150 days through their 300-day leach cycle and include samples from the sulphide, both primary and enriched zones from both Cactus and Parks/Salyer deposits, as well as from the tailing facility, all of which are situated on wholly-owned private land in Pinal County, Arizona. Nuton offers a portfolio of proprietary copper leach related technologies and capabilities, developed by Rio Tinto to deliver increased copper recovery and leading environmental performance. In December, samples were sent to the Nuton testing lab to begin column leach testing, following initial mineralogical analysis and associated performance modelling of ASCU material. The columns are leaching under a range of conditions and additive combinations with a view towards identifying the ideal Nuton offering for further test work and commercial deployment. With ASCU input, the metallurgical programs are overseen by the Nuton technical team and have been provided Qualified Person confirmation by Samuel Engineering. George Ogilvie, Arizona Sonoran Copper Company President and CEO commented, "We are extremely encouraged that the initial column testing is consistent with the initial modelling presented by the Nuton team. While our onsite teams remain focused on delivering a robust PFS based on our oxides and enriched material, Rio Tinto's Nuton technologies present ASCU with future optionality for continued scaling of our assets from our currently excluded primary resource. We look forward to continuing to explore the leaching opportunity with Nuton, which would utilize a traditional SX/EW plant for the primary sulfides, and has a cleaner footprint than a concentrator, lower GHG emissions and reduced water consumption requirements."
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MAR | Hot Stocks06:37 EDT Marriott to launch affordable midscale extended stay brand - Marriott announced its plans to further expand in the affordable midscale lodging segment, following its recent entry into the segment with City Express by Marriott in Latin America. Consistent with the company's approach to meeting the needs of guests with regionally relevant lodging products for every stay purpose, Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada. Project MidX Studios, expected to be Marriott's most affordable cost-per-room product in the U.S. & Canada, is designed to enable accelerated speed-to-market with a low cost to build. The prototype model targets a build cost of $13M to $14M, requiring approximately 54,000 square feet of total building area for 124 studios. The brand is also expected to have a light operational cost model for owners and franchisees.
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KALV | Hot Stocks06:34 EDT KalVista reports inducement grants under Nasdaq listing rule - KalVista Pharmaceuticals announced that the compensation committee of KalVista's board of directors granted three newly-hired employees inducement options to purchase an aggregate of 40,000 shares of KalVista common stock on June 1, 2023 as inducements material to each employee entering into employment with KalVista. The options were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $10.08 per share, which was equal to the closing price of KalVista common stock on the grant date. One-fourth of the options vest on the one-year anniversary of the vesting commencement date and the remainder vest in equal monthly installments over the next three years, in each case subject to the new employee's continued service with the company. Each stock option has a 10-year term and is subject to the terms and conditions of KalVista's Inducement Equity Incentive Plan and a stock option agreement covering the grant.
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MNMD | Hot Stocks06:28 EDT FCM MM Holdings condemns ISS report issued on Mind Medicine - FCM MM Holdings, representing approximately 3.5% of the outstanding common shares of Mind Medicine, condemned the report issued by proxy advisor Institutional Shareholder Services. The firm said, "ISS' dismissal of the 47% drop of MindMed's shares following the September 2022 financing as merely in line with 'sectoral trends', notwithstanding that MindMed's peers began selling off two weeks later, is illustrative of its lack of critical analysis. To accept ISS' recommendation to stay the course would be to ignore the Board's failed clinical strategy that continues to destroy shareholder value. We believe MindMed's Board must be held accountable for their inability to act as independent fiduciaries for shareholders, punishing shareholders with a massively dilutive financing, and allowing management free rein to spend scarce shareholder capital. ISS not only flip-flops on its 2022 recommendation to remove Carol Vallone as Chair of the Board, but then takes Ms. Vallone's word, as chair of compensation committee, for why she is deserving of "outlier" compensation. ISS Report parroted MindMed's previously refuted statement regarding MindMed's G&A costs relative to Compass Pathways. ISS Report turns a blind eye to report that MindMed took actions that we believe jeopardized patient safety by giving a drug at 35 times the dose the FDA had deemed safe...In arriving at its flawed and superficial report, ISS bafflingly dismissed serious deficiencies noted in their report about the Board's oversight of the Company, including: MindMed's fundamentally flawed clinical development strategy that has been plagued by delays and failure. MindMed management's lack of experience and expertise, with executives and advisors Barrow, Karlin, and Liechti never having brought a drug to market, that has led to fundamental errors in the Company's approach to clinical development. Ignoring FCM's unrefuted analysis of real-world CNS drug outcomes, while accepting Greenleaf Health, Inc.'s paid report as sufficient validation for the Company's clinical path and failing to note that the report did not deny the ability of MindMed to execute FCM's superior plan. The Company's September 2022 financing was punitive and massively dilutive to existing shareholders - that by ISS' acknowledgement took the shares down over 47% the day after the financing - which ISS characterized implausibly as in line with "sectoral trends." Analyst projections showing that MindMed is expected to run out of money in 2024 and that shareholders should expect 50-100% dilution to compensate. The Company's bloated G&A expenses and headcount that are consuming scarce shareholder capital that should be devoted to clinical development. A massive pay for performance disconnect that continues to reward management for their failed leadership. The ISS report failed to address critical issues that FCM raised including: MindMed's MM-110 program that dosed patients at 35 times higher than what had been deemed safe by the FDA, then obscured the facts about the program in successive investor disclosures, and ultimately wasted $19 million. The Board's lack of alignment with shareholders, owning just 0.22%1 of the outstanding MindMed shares vs. FCM's 3.5% beneficial ownership, which our principals have committed to hold until June 15, 2025. The numerous unfulfilled promises that MindMed has made include purported partnerships in digital medicine and Phase II trials. FCM's credible plan and nominees who can put MindMed's drug development plan back on track."
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HTOO | Hot Stocks06:25 EDT Fusion Fuel outlines 2023 strategic priorities - The company said, "At the start of each year, we highlight the key milestones for the year ahead and we note our progress against those. However, we think it is important to add to these our larger strategic items on which we are focusing, namely: Commence commercial activities in Northern Europe. Strengthen balance sheet and capital position. Develop technology for large-scale projects. Continue to prioritize our corporate culture. Pursue strategic commercial and production partnerships."
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HTOO | Hot Stocks06:23 EDT Fusion Fuel appoints Frederico Figueira de Chaves as CEO - Frederico Figueira de Chaves, previously Co-Head and CFO, has been appointed CEO of the Company. The company also announced that Gavin Jones has been appointed interim CFO in addition to his existing responsibilities as Chief Accounting Officer. Andre Antunes, previously Chief Production Officer, has been promoted to COO. In addition, Jaime Silva has been appointed Head of Innovation in addition to his current role of Chief Technology Officer, a title change which more accurately reflects the responsibilities of his role. Lastly, Zachary Steele and Jason Baran have decided to leave Fusion Fuel and will be stepping down from their roles of Co-Head and CCO, respectively, as well as Co-Presidents of the Americas, to pursue other opportunities in the hydrogen and clean fuels sector.
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PTEN | Hot Stocks06:07 EDT Patterson-UTI reports average of 128 drilling rigs in U.S. operation in May - PATTERSON-UTI ENERGY reported that for the month of May 2023, the Company had an average of 128 drilling rigs operating in the United States. For the two months ended May 31, 2023, the Company had an average of 129 drilling rigs operating in the United States.
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ANRGF | Hot Stocks06:04 EDT Anaergia to build sludge co-digestion facility at Monterey One Water - Anaergia will provide technologies that will enable Monterey One Water, the wastewater utility of northern Monterey County, California, to make renewable energy from food waste as well as wastewater. The project will significantly expand anaerobic digestion capacity at Monterey One Water's Regional Treatment Plant in Marina, California, and provide organic waste receiving and pre-processing equipment. This will allow the utility to receive and co-digest food waste in existing digesters currently used to process wastewater biosolids. When anaerobically digested, the waste produces renewable biogas, which is then used to generate electricity and heat at the Monterey One plant. The project will increase biogas production from the plant's four digesters by more than 150%, which will be used to make up to 1.6 MW of renewable electricity via on-site combined heat and power engines. The increased energy production will provide more than 100% of the plant's power needs, significantly reducing operating costs, supporting revenue generation, and increasing resiliency and reliability. This significant expansion in onsite energy generation is a major asset to the development of a joint microgrid that will be shared by Monterey One neighbor and regional solid waste agency, ReGen. CalRecycle, California' Department of Resources Recycling and Recovery, will provide $4,218,900 in grant funds, minimizing impact on the utility's ratepayers by offsetting most of the project's cost. Work on the project is expected to begin in Q2 2023 and be completed by Q3 2024.
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GNL RTL | Hot Stocks06:02 EDT Global Net Lease, Necessity Retail enter cooperation agreement with Blackwells - Global Net Lease Inc. (GNL) and The Necessity Retail REIT Inc. (RTL), together with their respective advisors and property managers and AR Global, announced that they have entered into a cooperation agreement with Blackwells Capital. Under the terms of the Cooperation Agreement, the Blackwells Parties will withdraw their nomination notices and proposals at both GNL and RTL and have agreed to vote in favor of the share issuances for the previously announced merger of GNL and RTL and internalization transactions at the GNL special meeting. Pursuant to the Agreement, the parties have agreed to release all claims arising prior to the settlement and dismiss their respective actions in Maryland state court and New York federal court. The Blackwells Parties have agreed to abide by certain standstill and voting commitments in connection with the Cooperation Agreement. The agreement will be filed by the Company with the U.S. Securities and Exchange Commission as an exhibit to the Current Report on Form 8-K.
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DEO | Hot Stocks05:53 EDT Diageo board appoints Debra Crew interim CEO - Diageo said in a statement that "Sir Ivan Menezes is currently in hospital receiving treatment for medical conditions including a stomach ulcer. Over the weekend, we learned that Ivan's recovery suffered a significant setback due to complications, which followed emergency surgery on the ulcer. As a result of these developments, the Board of Directors has appointed Debra Crew Interim CEO with immediate effect, ahead of her appointment as CEO and joining the Board as an executive director on 1 July 2023. As previously announced, Ivan will retire from the Board on 30 June 2023." Reference Link
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VMEO... | Hot Stocks05:51 EDT Vimeo ending support for TV apps, including Apple TV and Roku - Vimeo (VMEO) plans to end support for its Apple TV (AAPL), Android TV (GOOGL), Fire TV (AMZN), and Roku (ROKU) apps on June 27, saying casting will give users a "better ongoing experience." "That means we will remove the TV apps from the app stores and we will not publish any new releases, security updates or provide technical support for TV apps," Vimeo says in a notice on its help site. Vimeo added that "Occasionally, we retire legacy products and features that are no longer consistent with our standards. We believe that our users looking to view Vimeo videos will receive a better ongoing experience by casting via our mobile app, enabling customers to enjoy Vimeo content on their TV." Reference Link
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CYXT | Hot Stocks05:23 EDT Cyxtera Technologies initiates Chapter 11 process - Cyxtera announced that, pursuant to the previously disclosed restructuring support agreement, or RSA, it reached with certain of its lenders holding over two-thirds of its outstanding term loan, the company and certain of its subsidiaries have initiated a pre-arranged court-supervised process under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey. Cyxtera expects to use the Chapter 11 process to strengthen the company's financial position, meaningfully deleverage its balance sheet and facilitate the business's long-term success. Cyxtera is continuing to operate its global platform of interconnected data centers normally and without interruption. Customers also continue to have access to their Cyxtera data center sites and equipment as usual. Cyxtera has received a commitment for $200M in debtor-in-possession financing from certain of the term lenders, which is convertible into an exit facility upon the company's emergence from the court-supervised process. This new financing is expected to provide sufficient liquidity to support Cyxtera during this process and beyond. As Cyxtera moves through the court-supervised process, it is continuing to pursue a potential sale of the business or a significant investment from a new investor. The company has filed a number of customary motions with the court seeking authorization to support its operations, including the payment of employee wages, salaries and benefits without interruption. The company expects to receive court approval for these requests shortly. The company intends to pay vendors and suppliers in full for goods and services provided on or after the filing date. Cyxtera is continuing to evaluate its data center footprint, consistent with its commitment to optimizing operations. The company's subsidiaries in Germany, Singapore and the United Kingdom are not included in the court-supervised process.
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CTVA | Hot Stocks05:15 EDT Corteva, USAID announce collaboration to support Ukrainian farmers - Corteva and the U.S. Agency for International Development, or USAID, announced a new collaboration to support Ukrainian farmers. Through this collaboration, USAID and Corteva Agriscience will advance the shared goals of increasing farmer access to crop inputs, financing, and post-harvest storage. Corteva Agriscience, which previously announced its decision to withdraw from Russia, is increasing its production of hybrid corn and sunflower seeds in the region by 30% over the next five years to ensure a stable supply of seeds for Ukrainian farmers to plant in 2023 and beyond. Corteva is also increasing Ukrainian farmer access to the latest crop protection technologies, agronomic support, and financing tools - all key components required to plant a high-yielding, profitable crop.
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XPRO TTE | Hot Stocks05:13 EDT Expro announces $30M contract with TotalEnergies Uganda for Tilenga project - Expro (XPRO) has announced a five-year Well Intervention and Integrity contract with TotalEnergies (TTE) Uganda for the multi-well Tilenga project. The company said, "A key component in Expro securing a contract worth over $30 million for slickline services was its ability to provide an innovative environmental solution in support of the client's carbon reduction objectives, as well as Expro's commitment to national recruitment in line with a local development plan, working in collaboration with TotalEnergies and the Petroleum Authority of Uganda (PAU). Expro's solution placed significant focus on the location's sensitivity near a national park. The company is providing environmentally sympathetic lower carbon operations solutions compared to current market alternatives. Expro has also invested in a new operational facility in-country, supported by investment in people and training to help exceed local expectations. Work begins in Q2 2023, with Expro initially supporting drilling activity followed by production optimization, integrity and well workover support. Expro has designed four well intervention units to deliver a single operational solution for slickline and braided line in a cased hole environment across the life of the well. The solution is designed to reduce equipment footprint and equivalent CO emissions, while delivering improved efficiency. The Tilenga project covers six fields, with over 400 wells planned across multiple pads. Drilling will start this year and continue for five years."
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FSM | Hot Stocks05:09 EDT Fortuna Silver Mines announces worker fatality at Caylloma Mine in Peru - Fortuna Silver Mines reported that a fatality involving a worker employed by a mining contractor occurred at the Caylloma Mine located in Arequipa, Peru. The accident took place on Friday, June 2. The accident occurred during underground mining operations and no other personnel were injured. The appropriate government and local authorities have been properly notified and an investigation to determine the cause of the accident is underway. A site-wide safety stop took place, and underground mining operations were suspended before resuming on Sunday.
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PZZA | Hot Stocks05:07 EDT Papa John's acquires portfolio of 91 restaurants from DFSI, terms undisclosed - Papa John's announced the acquisition of restaurants previously operated by the M25 division of Drake Food Service International, or DFSI, in the United Kingdom. The transition of restaurants will establish a portfolio of company-owned restaurants in the market. Financial terms of the transaction were not disclosed. The new corporate-owned restaurant portfolio will consist of 91 locations across London and other parts of the U.K. The company sees opportunities to implement operating model enhancements including revenue management capabilities, product and technological innovation and operational efficiencies, to improve sales and restaurant-level profitability. As part of the transition, approximately 1,000 employees working for DFSI M25 will become team members of the company. Minimal, if any, disruption to customers is expected during the transition time. DFSI will continue to hold its master franchise rights for Papa Johns in Spain, Portugal, Chile and Central America.
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