Stockwinners Market Radar for June 14, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CPNG | Hot Stocks20:11 EDT Coupang director sells $2.4M in common stock - In a regulatory filing, Coupang disclosed that its director Benjamin Sun sold 150K shares of common stock on June 12th in a total transaction size of $2.4M.
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TTD | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 32K shares of Trade Desk today
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TER | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 71K shares of Teradyne today
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NEWR | Hot Stocks18:58 EDT New Relic COO Kristy Friedrich resigns - In a regulatory filing, New Relic disclosed that its COO Kristy Friedrichs resigned from her role as the Company's Chief Operating Officer effective December 31, 2023, which follows a period of transition. Also on June 11, 2023, Lew Cirne, the company's Founder and Executive Chair, agreed with the ompany that he will transition from his role as Executive Chair to the role of Non-Executive Chair of the Board, effective upon the conclusion of the company's Annual Meeting of Stockholders on August 16, 2023, and thereby end his employment relationship with the company.
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STER | Hot Stocks18:55 EDT Sterling Check director Jones sells 9M common shares - In a regulatory filing, Sterling Check director Adrian Jones disclosed the sale of 9M common shares of the company on June 12 at a price of $11.73 per share.
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EL | Hot Stocks18:47 EDT Estee Lauder to present preclinical results on anti-aging products at WCD - Earlier today, Estee Lauder "announced that the company and its brands will present at the 25th World Congress of Dermatology (WCD) in Singapore from July 3-8, 2023. ELC researchers across 3 brands and ELC Research & Development will share novel clinical and preclinical results that demonstrate scientific innovation and leadership across emerging areas of skin health and anti-aging in the form of 5 poster presentations and a satellite symposium during this global event, which takes place every 4 years." "We are thrilled to share key findings at the upcoming WCD from our most recent research efforts, which leverage insights from the fields of longevity and epigenetics to advance our understanding of the molecular pathways underlying inflammation and aging," said Nadine Pernodet, PhD, Senior Vice President, Bioscience, ELC. "The breadth and depth of data to be presented further reflects our robust combined R&D and clinical testing capabilities. These highly integrated areas of focus support our exploration of new ingredients or methodologies to ultimately help shape and advance the skin care landscape." Shares of Estee Lauder were up 4.1% in today's trading, closing at $192.16.
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HPE | Hot Stocks18:24 EDT HP Enterprise exec Karros sells 33,417 common shares - In a regulatory filing, HP Enterprise senior VP and Treasurer Kirt Karros disclosed the sale of 33,417 common shares of the company on June 12 at a price of $16.0036 per share.
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AEE | Hot Stocks18:24 EDT Ameren exec sells $3.04M in common stock - In a regulatory filing, Ameren disclosed that its Chief Nuclear Officer Fadi Diya sold 37K shares of common stock on June13th in a total transaction size of $3.04M.
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CSGP | Hot Stocks18:15 EDT CoStar Group CFO Wheeler sells 24,670 common shares - In a regulatory filing, CoStar Group CFO Scott Wheeler disclosed the sale of 24,670 common shares of the company on June 12 at a price of $80.68 per share.
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HOOD | Hot Stocks18:11 EDT Robinhood CCO Bhatt sells 92,987 class A shares - In a regulatory filing, Robinhood chief creative officer Baiju Bhatt disclosed the sale of 92,987 class A common shares of the company on June 12 at a price of $9.3328 per share.
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UL | Hot Stocks18:01 EDT Unilever to acquire YassoHoldings, terms not disclosed - Unilever announced that it has entered into an agreement to acquire YassoHoldings, Inc., a premium frozen Greek yogurt brand in the United States. Matt Close, President Ice Cream Unilever said: "I am delighted to welcome Yasso to the Unilever family. It has built a strong customer appeal in the fast-growing, premium 'Better For You' segment. This acquisition is a great step in the evolution of our Ice Cream portfolio in North America towards high growth spaces. I am confident that with the full support of Unilever behind Yasso, we will take this fast-growing business to even greater heights." The transaction is expected to close in the third quarter of 2023, subject to regulatory approvals and closing conditions.
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FCPT | Hot Stocks17:59 EDT Four Corners Property Trust acquires Fast Pace Healthy property for $2.1M - Four Corners Property Trust announced the acquisition of a Fast Pace Health property for $2.1M. The property is newly constructed and located in a strong retail corridor in Louisiana and is occupied under a long-term net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
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ONCS | Hot Stocks17:55 EDT OncoSec trading resumes
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GOOG... | Hot Stocks17:54 EDT US senators propose bill to eliminate Section 230 protection for AI companies - "U.S. Senators Josh Hawley R-Mo. and Richard Blumenthal D-Conn, the Ranking Member and the Chair of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law, respectively - introduced the No Section 230 Immunity for AI Act. This new bipartisan legislation would clarify that Section 230 immunity will not apply to claims based on generative AI, ensuring consumers have the tools they need to protect themselves from harmful content produced by the latest advancements in AI technology.For example, AI-generated "deepfakes" - lifelike false images of real individuals - are exploding in popularity. Ordinary people can now suffer life-destroying consequences for saying things they never said, or doing things they never would. Companies complicit in this process should be held accountable in court."We can't make the same mistakes with generative AI as we did with Big Tech on Section 230," said Senator Hawley. "When these new technologies harm innocent people, the companies must be held accountable. Victims deserve their day in court and this bipartisan proposal will make that a reality." "AI companies should be forced to take responsibility for business decisions as they're developing products-without any Section 230 legal shield," said Senator Blumenthal. "This legislation is the first step in our effort to write the rules of AI and establish safeguards as we enter this new era. AI platform accountability is a key principle of a framework for regulation that targets risk and protects the public." The Fly notes that companies like Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), IBM (IBM), Meta Platforms (META) and Intel (INTC). Reference Link
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WMT... | Hot Stocks17:45 EDT Avista reaches multiparty settlement of Idaho general rate case - Avista (AVA), the Staff of the Idaho Public Utilities Commission, Clearwater Paper (CLW), Idaho Forest Group and Walmart (WAL), parties to the company's electric and natural gas general rate cases, have reached a settlement agreement that has been submitted to the Idaho Public Utilities Commission for its consideration, and which would resolve all issues in the proceeding. The remaining joint party, the Idaho Conservation League / NW Energy Coalition, did not join in the Settlement. If approved, the settlement agreement is designed to increase annual base electric revenues by $22.1M or 8.0%, effective Sept. 1, 2023, and by $4.3M or 1.4%, effective Sept. 1, 2024. For natural gas, the settlement agreement is designed to increase annual base natural gas revenues by $1.3M or 2.7%, effective Sept. 1, 2023, and by $.003M or 0.01%, effective Sept. 1, 2024. The settlement capital structure includes a 9.4% return on equity with a common equity ratio of 50% and a rate of return on rate base of 7.19%.
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GOOGL GOOG | Hot Stocks17:41 EDT Google debuts 'Virtual try-on' as AI feature for shoppers - Senior Director of Product at Google, Lilian Rincon blogged in part on the company's Keyword blog: "Apparel is one of the most-searched shopping categories, most online shoppers agree: It's hard to know what clothes will look like on you before you buy them...Now, thanks to our new virtual try-on tool on Search, you can see whether a piece is right for you before you buy it. Virtual try-on for apparel shows you how clothes look on a variety of real models. Here's how it works: Our new generative AI model can take just one clothing image and accurately reflect how it would drape, fold, cling, stretch and form wrinkles and shadows on a diverse set of real models in various poses...Starting today, U.S. shoppers can virtually try on women's tops from brands across Google, including Anthropologie, Everlane, H&M and LOFT. Just tap products with the "Try On" badge on Search and select the model that resonates most with you...Our new guided refinements can help U.S. shoppers fine-tune products until you find the perfect piece. Thanks to machine learning and new visual matching algorithms, you can refine using inputs like color, style and pattern. And unlike shopping in a store, you're not limited to one retailer: You'll see options from stores across the web. You can find this feature, available for tops to start, right within product listings...We believe that AI will continue to improve our lives in ways big and small, including making everyday activities like shopping just a bit more helpful and fun . Stay tuned for more ways we're using advanced technology like AI to help you shop online with confidence." Reference Link
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PFSI | Hot Stocks17:41 EDT PennyMac Financial CEO Spector sells 15,000 common shares - In a regulatory filing, PennyMac Financial chairman and CEO David Spector disclosed the sale of 15,000 common shares of the company on June 13 at a price of $68.0998 per share.
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CACI | Hot Stocks17:19 EDT CACI awarded $125.54M Navy contract - CACI was awarded a $125.54M cost-plus-fixed-fee, cost reimbursable indefinite-delivery/indefinite-quantity contract. This contract provides production, fabrication, integration, logistics, sustainment, design, analysis, testing, verification, technical, and project management support. These services are in support of developing and providing a full range of crisis response and interoperable command, control, communications, computers, combat electronic systems solutions and products to facilitate communications and knowledge transfer at crisis locations worldwide. This includes supporting the operational requirements of the current CRIC-ES developed systems, modifications and enhancements for these systems, and developing and maintaining solutions and products for multiple Naval Air Systems Command, or NAVAIR, and non-NAVAIR customers. Work is expected to be completed in August 2028. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was competitively procured via an electronic request for proposal; two offers were received. The Naval Air Warfare Center Aircraft Division is the contracting activity.
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BLNK | Hot Stocks17:17 EDT Blink Charging's Farkas sells $603K in company shares - Beneficial owner of Blink Charging Michael Farkas disclosed in a filing that he had sold 90,514 shares of company stock at $6.66 per share between June 12 and June 14 for a total transaction amount of $602,905.
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GORO | Hot Stocks17:09 EDT Gold Resource: 2023 drilling campaign is returning positive results - Gold Resource is pleased to provide an update on results for the ongoing expansion and infill drill programs at the Don David Gold Mine, DDGM, which continue to provide evidence of adding additional higher grade resources from the north-west Arista, south-central Switchback, the Three Sisters and newly discovered Gloria vein systems. "The 2023 drilling campaign is returning positive results and has further confirmed that the program is on the right track to deliver higher grade resources into the near- and mid-term mine plan," stated Allen Palmiere, President and CEO for the Company.
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VLRS WZZZY | Hot Stocks17:03 EDT Volaris joints $50M investment agreement to produce sustainable aviation fuel - Volaris (VLRS) announced a $50M investment agreement alongside Indigo Partners, GenZero, Cleanhill Partners, Frontier Airlines, and Wizz Air (WZZZY). The investment aims to accelerate the production of Sustainable Aviation Fuel worldwide through the North American startup CleanJoule. CleanJoule will utilize this investment to develop its technology for producing high-performance and cost-effective SAF from agricultural waste and organic residues. According to the International Air Transport Association, SAF, with its lower carbon footprint, could potentially contribute up to 65% of the emissions reductions required for the aviation sector to achieve zero emissions by 2050. As part of the consortium's investment, Volaris, Frontier Airlines, and Wizz Air have agreed to acquire a total of 90 million gallons of SAF, with Volaris estimated to receive 30 million gallons. In August 2022, Volaris conducted its first flight using a blend of SAF.
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NVDA | Hot Stocks16:57 EDT Nvidia director sells $48.3M in common stock - In a regulatory filing, Nvidia disclosed that its director Harvey Jones sold 119.8K shares of common stock on June 13th in a total transaction size of $48.3M.
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ELOX | Hot Stocks16:54 EDT Eloxx reports final data assessment from Phase 2 ELX-02 trial - Eloxx Pharmaceuticals announced the final data assessment from the Phase 2 clinical trial of ELX-02 in combination with ivacaftor in Class 1 CF patients with at least one nonsense mutation. In the final assessment, ELX-02 demonstrated clinically relevant improvement in ppFEV1. The final data assessment includes a reanalysis using change in ppFEV1 from Day 1 instead of baseline, as multiple patients experienced disease progression between screening and treatment. Initial topline results from this trial were reported in September 2022. "We believe that the clinical improvements with ELX-02 observed in a trial of CF patients with severe illness, coupled with remission observed in one patient in the ongoing Phase 2 trial of ELX-02 in Alport syndrome patients with nonsense mutations, reinforces our belief in the disease-modifying potential of ELX-02 and warrants further development. Similar to the patients in this CF trial, participants in our Phase 2 Alport syndrome trial also had highly progressive autosomally recessive disease, making a remission in even one patient highly clinically significant. The body of data strongly validate our decision to advance ELX-02 into a pivotal study in Alport syndrome," said Sumit Aggarwal, President and CEO of Eloxx. Aggarwal continued, "The high concentrations of ELX-02 observed in the kidney in those with Alport Syndrome make the disease an ideal target for further study, as the ELX-02 exposure in the Alport study is at least 25-fold higher than in the CF trial."
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ONCS | Hot Stocks16:50 EDT OncoSec trading halted, news pending
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LEN | Hot Stocks16:42 EDT Lennar sees FY23 deliveries 68,000-70,000
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LEN | Hot Stocks16:41 EDT Lennar sees Q3 new orders 18,000-19,000 - Sees Q3 average sales price "consistent with Q2."
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LEN | Hot Stocks16:40 EDT Lennar says 'we continued to see the housing market normalize' in Q2 - Stuart Miller, Executive Chairman of Lennar, said, "During the quarter, we continued to see the housing market normalize and recover from the Fed's 2022 aggressive interest rate hikes in response to elevated inflation. As consumers have come to accept a "new normal" range for interest rates, demand has accelerated, leaving the market to reconcile the chronic supply shortage derived from over a decade of production deficits. Simply put, America needs more housing, particularly affordable workforce housing, and demand is strong when price and interest rates are affordable." Miller continued, "Against this backdrop, our second quarter earnings were $872 million, or $3.01 per diluted share, compared to $1.3 billion, or $4.49 per diluted share last year. This quarter's results reflect the execution of our previously articulated operating strategies of pricing to market and meeting demand with affordable pricing and incentives. Accordingly, while our average sales price per home delivered was $449,000 in the second quarter, compared to almost $500,000 at the peak last year, our home deliveries were 17,074, up 3%, and our new orders were 17,885, up 1%, year over year. Our homebuilding gross margin started to bounce back in the second quarter to 22.5%, reflecting cost reductions, and with carefully managed homebuilding S,G&A expenses of 6.7%, led to a 15.8% net margin. While our operating performance remains strong, we continue to strengthen and fortify our balance sheet and our future. We ended the quarter with homebuilding debt to capital of 13.3%, the lowest in our history, no borrowings on our $2.6 billion revolver and cash of $4.0 billion. With liquidity of $6.6 billion and cash on hand exceeding our debt, our balance sheet has never been in a stronger position."
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LEN | Hot Stocks16:39 EDT Lennar reports Q2 deliveries of 17,074 homes - Reports Q2: New orders of 17,885 homes with a dollar value of $8.2B; Backlog of 20,214 homes with a dollar value of $9.5B.
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LEN | Hot Stocks16:37 EDT Lennar sees Q3 deliveries 17,750 to 18,250 homes - Executive Chairman Stuart Miller concluded, "Interest rates appear to have settled into a fairly steady, yet higher range, with the consumer digesting the current housing market, as evidenced by the strong spring selling season. As we always do, we are going to remain vigilant as the housing market continues to rebalance the interplay between short supply with strong demand. As we look ahead to our third quarter, we expect to deliver between 17,750 to 18,250 homes with a gross margin between 23.5% to 24.0%. For the full year 2023, we expect to deliver between 68,000 to 70,000 homes (up from our prior guidance of between 62,000 to 66,000 homes). We continue to fortify our balance sheet with significant liquidity and operate from a position of strength, repurchasing stock and reducing debt, thus enabling us to continue to execute on our core strategies and outperform in periods of growth as well as uncertainty."
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CIM | Hot Stocks16:36 EDT Chimera increases buyback program to $250M - Chimera Board of Directors of the Company has authorized an increase in the amount authorized under the Company's common stock repurchase program. As of March 31, 2023, $177 million in aggregate amount of common stock remained available for repurchase under the program. Following the Board's action, the aggregate amount of common stock available for repurchase under the program is $250 million.
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CIM | Hot Stocks16:36 EDT Chimera cuts quarterly dividend to 18c from 23c per share - This dividend is payable July 31, 2023 to common stockholders of record on June 30, 2023. The ex- dividend date is June 29, 2023.
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PHG | Hot Stocks16:35 EDT Philips to repurchase 7.1M shares for $132M to cover incentive plans - Philips announced that it will repurchase up to 7.1M shares to cover certain of its obligations arising from its long-term incentive plans. At the current share price, the shares represent an amount of up to approximately EUR 132M. The repurchases will be executed through one or more individual forward transactions, expected to be entered into in the second and/or the third quarter of 2023, in accordance with the Market Abuse Regulation and within the limits of the authorization granted by the company's General Meeting of Shareholders on May 9.
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CNTG | Hot Stocks16:35 EDT Nasdaq notifies Centogene not in compliance with minimum market value rule - Centogene announced that it has received a written notification from the Nasdaq Stock Market dated June 8 indicating that the Company is not in compliance with the minimum Market Value of Publicly Held Shares set forth in the Nasdaq Rules for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5450 requires companies to maintain a minimum MVPHS of USD 15M and Listing Rule 5810provides that a failure to meet the MVPHS requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the MVPHS of the Company for the 30 consecutive business days from April 26, 2023 to June 7 the Company no longer meets the MVPHS minimum requirement. This notification does not impact the listing and trading of the Company's securities at this time.
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AZO | Hot Stocks16:33 EDT AutoZone authorizes additional $2B under share repurchase program - AutoZone announced its board of directors authorized the repurchase of an additional $2B of the company's common stock in connection with its ongoing share repurchase program.
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HLT | Hot Stocks16:32 EDT Hilton exec sells $1.77M in common stock - In a regulatory filing, Hilton disclosed that its Chief HR Officer Laura Fuentes old 12.5K share of common stock on June 12th in a total transaction size of $1.77M.
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HST | Hot Stocks16:32 EDT Host Hotels boosts dividend 25% to 15c per share - Host Hotels & Resorts announced that its board of directors authorized a regular quarterly cash dividend of 15c per share, a 25% increase over the prior quarter. The dividend is payable on July 17 to stockholders of record on June 30.
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VTNR | Hot Stocks16:32 EDT Vertex Energy announces EPA approval for generation of D4 RINs - Vertex Energy announced that it has received approval from the Environmental Protection Agency for the generation of D4 Renewable Identification Numbers credits under the federal Renewable Fuel Standard, for each gallon of renewable fuel produced at its refining facility located outside of Mobile, Alabama. Currently, the company's Mobile Facility is producing approximately 5,500 barrels per day with plans to increase toward the Phase I installed capacity target of 8,000 bpd, by the end of 2Q23, in-line with previously disclosed targets. "We are pleased to announce the recent completion of our D4 RIN certification process by the EPA, as it recognizes our demonstrated ability to meet the stringent criteria for renewable fuel attributes," said Benjamin P. Cowart, Chairman, and Chief Executive Officer of Vertex, who continued, "With our RINS certification in place, we continue to further strengthen our goal of becoming a trusted provider of high-quality renewable fuels, helping us to drive the transition to a more sustainable energy landscape." The company anticipates initial commercial product sales of renewable diesel within the second quarter of 2023.
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PINC | Hot Stocks16:31 EDT Premier to divest non-healthcare GPO operations for $800M - Premier "announced that it has entered into a definitive agreement with OMNIA Partners, a leading non-healthcare group purchasing organization, under which Premier will divest its non-healthcare GPO operations for approximately $800 million in cash, subject to certain purchase price adjustments. Following the close of the transaction, OMNIA will become the primary GPO for Premier's non-healthcare members, which include educational, hospitality and recreation organizations, and will provide support to the channel partners that service non-healthcare GPO members. These members will continue to have access to the Premier GPO portfolio. The transaction will have no impact on Premier's healthcare businesses, and the Company will maintain all existing healthcare contracts, services, solutions and programs."
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HL | Hot Stocks16:30 EDT EPA fines Hecla $143K for environmental infractions at Juneau, Alaska mine - The U.S. Environmental Protection Agency announced that Hecla Mining Company's Greens Creek Mine, located on Admiralty Island near Juneau, Alaska, was fined $143,124 for violating hazardous waste management and disposal requirements under the Resource Conservation and Recovery Act. "EPA continues to hold mining companies accountable for hazardous waste disposal practices," said EPA Region 10 Office of Enforcement and Compliance Assurance Director Ed Kowalski. "The company operates in a relatively remote and pristine area in Alaska, underscoring their obligation to prevent pollution from entering public lands surrounding the mine." Following an August 2019 inspection, EPA cited the mining company for the following violations; disposal of hazardous waste containing lead without a permit; failure to conduct a weekly inspection of a hazardous waste storage area; failure to determine if waste from mining operations was hazardous; failure to properly label a used oil container; The settlement agreement acknowledges that the company will continue to clean up lead contaminated soil. Reference Link
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JNJ | Hot Stocks16:22 EDT Johnson & Johnson exec Wengel sells 12,465 common shares - In a regulatory filing, Johnson & Johnson chief TO and risk officer Kathryn Wengel disclosed the sale of 12,465 common shares of the company on June 12 at a price of $160 per share.
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SCI | Hot Stocks16:18 EDT Service Corp. partners with Tragedy Assistance for Survivors - Service Corporation and its brand, Dignity Memorial, have partnered with Tragedy Assistance Program for Survivors - TAPS - to support individuals grieving the loss of a military loved one. This is SCI's third year as an official partner of TAPS making their total contributions $750K. This funding will provide resources, programs and materials to help survivors cope with grief and loss, including the TAPS Retreat for Surviving Men and the TAPS Institute for Hope and Healing.
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ETCC | Hot Stocks16:17 EDT Environmental Tectonics announcesTimothy Kennedy as CFO - Environmental Tectonics announces the appointment of Timothy Kennedy, CPA, CMA as the Company's Chief Financial Officer and Treasurer.
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ENS | Hot Stocks16:17 EDT EnerSys to partner with Verkor on lithium-ion battery facility development - EnerSys announced that it has entered into a non-binding Memorandum of Understanding with Verkor SAS, a European leader in battery technology, to explore the development of a lithium battery gigafactory in the United States. Under the Memorandum of Understanding, the companies are developing plans, determining the optimal new factory location, and evaluating various funding and operating structures for this manufacturing facility. This new factory represents a long-term opportunity that will enable growth for both companies and allow EnerSys to optimize cell sizing in battery solutions for its customers, providing independence from non-domestic cell suppliers.
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BWMN | Hot Stocks16:16 EDT Bowman Consulting completes 100 BESS engineering assignments - Bowman Consulting Group nationwide. The recent passing of the "Fiscal Responsibility Act of 2023" included provisions that enable fast tracking of permitting for the battery storage industry under the 2015 FAST Act (Section 41001(6)(A)). Bowman's implementation milestone serves as a proven track record for providing developers with the full-service support required to realize the rapid market expansion enabled by the new legislation. Bowman provides complete implementation support from site identification and acquisition, through land survey, preliminary engineering, environmental due diligence, and interconnect application, to full electrical & civil design, and construction management.
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WRB | Hot Stocks16:16 EDT W. R. Berkley increases buyback authorization to 15M shares of common stock - W. R. Berkley board of directors has increased the company's share repurchase authorization to 15 million shares of common stock.
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OPRA | Hot Stocks16:16 EDT Opera announces first semi-annual dividend of 40c per share - Opera announced that its Board of Directors has adopted a recurring semi-annual cash dividend program for holders of Opera's ordinary shares as well as American Depositary Shares, each representing two ordinary shares. Opera's first semi-annual dividend under the program will be 40c per ADS. Payment will be made to shareholders of record as of the close of business on June 30. Dividends to be paid to the holders of ADSs through the depositary bank, The Bank of New York Mellon, will be subject to the terms of the deposit agreement. The company expects the depositary bank to distribute dividends on or about July 12.
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WRB | Hot Stocks16:15 EDT W. R. Berkley raises quarterly dividend by 10% to 11c per share - The dividend will be paid on June 30, 2023 to stockholders of record at the close of business on June 26, 2023.
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MIMO | Hot Stocks16:14 EDT Airspan Networks discloses NYSE non-compliance notice - Airspan Networks announced that it has received a letter from the NYSE American LLC stating that it is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide. Section 1003(a)(i) requires a listed company to have stockholders' equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported a stockholders' deficit of $99.9 million as of March 31, 2023, and has had losses from continuing operations and/or net losses in each of its three most recent fiscal years.
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AZO | Hot Stocks16:14 EDT AutoZone VP Borninkhof buys $1.14M in company shares - VP of AutoZone (AZO) Michelle Borninkhof disclosed in a regulatory filing that she had purchased 476 shares of company stock at $2,406.65 per share for a total amount of $1,145,732.
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TRUE | Hot Stocks16:08 EDT TrueCar CEO Michael Darrow to depart, Jantoon Reigersman to succeed - TrueCar announced the appointment of Jantoon Reigersman as President and CEO. Reigersman succeeds Michael Darrow, who is departing TrueCar and vacating his position on the Board. Jantoon Reigersman recently served as TrueCar's Chief Operating Officer since March 2022. From January 2021 to February 2023, he also served as our Chief Financial Officer. Before joining TrueCar, he served from December 2017 to May 2020 as the Chief Financial Officer of Leaf Group, Ltd., a diversified Internet, media and e-commerce company, and from January 2014 until joining Leaf, he served as Chief Financial officer of Ogin, Inc., a clean technology company. Before then, he was in the Special Situations Group at Goldman Sachs and in M&A investment banking at Morgan Stanley.
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TRUE | Hot Stocks16:06 EDT TrueCar announces 24% workforce reduction, strategic restructuring - TrueCar announced a strategic restructuring to streamline the organization, including a workforce reduction impacting approximately 102 positions, or 24% of the company's headcount, and the appointment of Jantoon Reigersman as President and CEO. Reigersman succeeds Michael Darrow, who is departing TrueCar and vacating his position on the Board. The restructuring is expected to result in non-recurring cash payments of approximately $7 million, primarily in the second and third quarters of 2023, and an annualized reduction in expenses exclusive of stock-based compensation of over $20M. As of May 31, 2023, TrueCar had cash and cash equivalents of approximately $146.5M. Although management expects that in the near term this aggregate cash balance could drop below $125m, it continues to anticipate breakeven or positive Adjusted EBITDA and double-digit year-over-year revenue growth in the fourth quarter of 2023. "The restructuring announced today better aligns our cost structure with our revenue base and is designed to make TrueCar a nimbler, more efficient company," said Barbara Carbone, incoming Chair of the Board. "We made this difficult decision after an extensive review and believe that it is necessary to enable TrueCar to achieve its strategic priorities and create long-term shareholder value."
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ALGT | Hot Stocks16:04 EDT Allegiant Travel reports May total system passengers down 3.3% y/y - Reports May total system: Available seat miles down 1.6% y/y; Departures down 2.3% y/y. Reports May scheduled service passengers down 3.4% y/y; Revenue passenger miles down 3% y/y; Available seat miles down 2.2%; Load factor down 0.7 pts; Departures down 3%.
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BA... | Hot Stocks15:47 EDT FAA to require secondary flight deck barriers on new commercial airplanes - The FAA wrote earlier on Wednesday: The Federal Aviation Administration, FAA , will require a secondary barrier on the flight deck of new commercial airplanes to ensure the safety of aircraft, flight crew and air passengers. The final rule mandating the additional barrier will protect flight decks from intrusion when the flight deck door is open. "Every day, pilots and flight crews transport millions of Americans safely - and today we are taking another important step to make sure they have the physical protections they deserve," said U.S. Transportation Secretary Pete Buttigieg. Aircraft manufacturers are required to install secondary barriers on commercial aircraft produced after the rule goes into effect. "No pilot should have to worry about an intrusion on the flight deck," said Acting FAA Associate Administrator for Safety David Boulter. The Biden-Harris Administration made this rule a priority in 2021. In 2022, the FAA proposed the rule after seeking recommendations from aircraft manufacturers and labor partners. The rule meets a requirement of the 2018 FAA Reauthorization Act. The Fly notes that Boeing (BA), Airbus (EADSY), Bombardier (BDRBF), Lockheed Martin (LMT) and General Electric (GE) are involved in commercial aircraft production. Reference Link
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C | Hot Stocks15:16 EDT Citi on track to buyback $1B in stock this quarter - Says resumed buybacks this quarter. Comments taken from Morgan Stanley U.S. Financials, Payments, and CRE Conference.
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C | Hot Stocks15:09 EDT Citi says Q2 expenses higher than expected - Backs FY23 expenses view roughly $54B. Comments taken from Morgan Stanley U.S. Financials, Payments, and CRE Conference.
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MSFT | Hot Stocks15:09 EDT Bill Gates to meet Chinese President Xi Jinping this week, Reuters says - Microsoft co-founder Bill Gates is scheduled to have a meeting with the President of China Xi Jinping this Friday, wrote Julie Zhu for Reuters, citing sources. "The meeting will mark Xi's first meeting with a foreign private entrepreneur in recent years," noted Reuters in the story. Reference Link
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GM FDX | Hot Stocks14:11 EDT GM's BrightDrop expands deliveries outside U.S. with FedEx Express Canada - FedEx (FDX) Express Canada welcomed its first 50 BrightDrop Zevo 600 electric delivery vehicles at an event in Toronto. "The introduction of BrightDrop's electric vans into the FedEx fleet in Canada is an important step in the company's goal to transform its entire parcel pickup and delivery fleet to all-electric, zero-tailpipe emission vehicles by 2040," the company said. This initial fleet of 50 electric vehicles will service Toronto, Montreal, and Surrey. FedEx Express Canada plans to expand its EV fleet footprint as additional charging infrastructure is implemented at FedEx locations across the country. Powered by General Motors' (GM) Ultium Platform, the Zevo 600 is designed for last-mile deliveries, with an estimated range of up to 400 kilometres on a full charge. These 50 EVs are part of a larger agreement between FedEx and BrightDrop that will see FedEx incorporate 2,500 total vehicles across FedEx operations in the coming years, including more than 400 vehicles that are already in operation in Southern California. To support the new vehicle technology, FedEx is installing charging infrastructure across its Canadian facilities, including the 80 charging stations the company has already installed in these three EV launch markets.
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CNI... | Hot Stocks13:53 EDT North American rail traffic down 5.1% for the week ending June 10 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending June 10. For this week, total U.S. weekly rail traffic was 471,141 carloads and intermodal units, down 5.9% compared with the same week last year. Total carloads for the week ending June 10 were 228,988 carloads, up 0.6% compared with the same week in 2022, while U.S. weekly intermodal volume was 242,153 containers and trailers, down 11.2% compared to 2022. North American rail volume for the week ending June 10 on 12 reporting U.S., Canadian and Mexican railroads totaled 333,155 carloads, up 0.5% compared with the same week last year, and 326,138 intermodal units, down 10.2% compared with last year. Total combined weekly rail traffic in North America was 659,293 carloads and intermodal units, down 5.1%. North American rail volume for the first 23 weeks of 2023 was 14,835,217 carloads and intermodal units, down 4.2% compared with 2022. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL) and Wabtec (WAB). Reference Link
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UPS | Hot Stocks13:12 EDT UPS, Teamsters reach tentative agreement on air conditioning - The Teamsters and UPS agreed to tentative language to equip the delivery and logistics company's fleet of vehicles with air conditioning systems, new heat shields, and additional fans during national contract negotiations on Tuesday. The tentative agreement follows a week of intense lobbying by the Teamsters National Negotiating Committee on UPS negotiators "to recognize the enormous dangers of heat-related issues facing UPS Teamsters nationwide." The new contract language would mandate UPS equip in-cab air conditioning systems in all larger delivery vehicles, smaller sprinter vans, and all of UPS' most recognizable brown package cars purchased after Jan. 1, 2024. Regular package cars make up the majority of the company's 93,000 vehicles within its fleet. Two fans would also be installed in the cab of all package cars following ratification of a new contract. All newer non-electric UPS package cars and vans would be installed with exhaust heat shields, further protecting Teamsters from dangerous heat. Additionally, newly existing and purchased package cars going forward would be retrofitted or equipped with air induction vents in the cargo compartments to alleviate extreme temperatures in the back of the vehicles. Negotiating subcommittees continue to meet. The Teamsters on Tuesday also reached tentative agreements on more than a dozen issues within subcommittees and are preparing new proposals to present to UPS at the national table. Bargaining will resume on June 14 in Virginia. Reference Link
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GAMB | Hot Stocks13:03 EDT Gambling.com notes bill to allow legal online sports betting in North Carolina - Gambling.com noted the signing of House Bill 347 to allow legal, regulated online sports betting across North Carolina - becoming the 28th state to do so. HB 347 requires the state lottery to publish online sports betting regulations by January 8, 2024, and to authorize sports betting operators to start accepting wagers within one year from today, the company stated. Charles Gillespie, Gambling.com Group CEO, said, "Kevin [McCrystle] and I started our journey to build the pre-eminent online gambling affiliate operator in 2006 from an idea that formed in a dorm room in Chapel Hill, and which quickly led us abroad to find regulated markets where we could apply our expertise and passion. Our journey to building one of the world's leading online gambling performance marketing companies has now come full circle with the legalization of online sports betting in North Carolina. I applaud and congratulate the State's General Assembly leaders and Governor Cooper for making regulated online sports betting a reality. The next generation of North Carolina entrepreneurs will be able to dive straight into opportunities in this exciting industry."
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HEXO TLRY | Hot Stocks12:19 EDT Hexo shareholdres approve acquisition by way of arrangement with Tilray - HEXO Corp. (HEXO) announced that at the special meeting of its common shareholders held earlier today, its common shareholders approved the previously announced arrangement agreement, as amended, with Tilray Brands (TLRY), whereby Tilray will acquire, by way of court-approved plan of arrangement, all of the issued and outstanding common shares of the Company. Common shareholders will receive 0.4352 of a share of Tilray common stock for each whole Common Share held, while holders of the recently issued non-voting Series 1 Preferred Shares will receive a fraction or a number of Tilray Shares based on the Preferred Share Exchange Ratio set out in the Company's press release issued on June 1, 2023. The Arrangement required the approval of 66 2/3% of votes cast by the company's common shareholders and the approval of a simple majority of the votes cast by minority common shareholders of the company. At the special meeting, the Arrangement was approved by approximately 93.7% of all votes cast as well as by approximately 93.7% of the Common Shares voted by shareholders on the majority of the minority vote required. Completion of the Arrangement remains subject to closing conditions as set forth in the arrangement agreement, as amended, including approval of the Ontario Superior Court of Justice. The Company anticipates returning to the Court on June 19, 2023 to seek a final order of the Court approving the Arrangement. Assuming that the conditions to closing are satisfied or waived, it is currently expected that the Arrangement will be completed by June 30, 2023.
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SONY | Hot Stocks12:16 EDT Sony testing cloud streaming for supported PlayStation 5 games - In a blog post, Sony said that it is currently testing cloud streaming for supported PlayStation 5 games - this includes PS5 titles from the PlayStation Plus Game Catalog and Game Trials, as well as supported digital PS5 titles that players own. "When this feature launches, cloud game streaming for supported PS5 titles will be available for use directly on your PS5 console," said Nick Maguire, VP of Global Services, Global Sales, and Business Operations at Sony Interactive Entertainment. "That means as a Premium member, it'll be easier to jump into your favorite games without downloading them first onto your PS5 console. Our goal is to add this as an additional benefit to PlayStation Plus Premium as part of our ongoing efforts to enhance the value of PlayStation Plus. We think it's important for Premium members to be able to enjoy as many games as possible via cloud streaming. As more games continue to launch on the PS5 console, we look forward to adding cloud streaming capability for PS5 titles in addition to the PS3, PS4 and classic titles that are already available for Premium members to stream. We're in the early stages right now, and we can't wait to share more details when we're ready, including a launch time frame. Stay tuned!" Reference Link
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CNC | Hot Stocks12:00 EDT Centene falls -8.2% - Centene is down -8.2%, or -$5.69 to $63.78.
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AGL | Hot Stocks12:00 EDT Agilon Health falls -12.7% - Agilon Health is down -12.7%, or -$2.67 to $18.39.
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HUM | Hot Stocks12:00 EDT Humana falls -13.6% - Humana is down -13.6%, or -$69.72 to $442.91.
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GOL | Hot Stocks12:00 EDT Gol Linhas rises 12.4% - Gol Linhas is up 12.4%, or 50c to $4.54.
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IIVI | Hot Stocks12:00 EDT II-VI rises 13.2% - II-VI is up 13.2%, or $26.02 to $223.29.
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COHR | Hot Stocks12:00 EDT Coherent rises 19.2% - Coherent is up 19.2%, or $8.21 to $51.03.
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MSFT | Hot Stocks11:57 EDT Microsoft, PCF Group enter into development agreement for new AAA game - PCF Group announced that it has entered into a Development and Publishing Agreement with Microsoft regarding the development and delivery by the company to the publisher of the video game from the AAA segment under the code name Project Maverick, pursuant to the Product Appendix to the Agreement indicating the agreed timetable, including the milestones. The development of the game by PCF will be performed under the work for hire model, based on the intellectual property rights owned by the publisher and will be entirely financed by Microsoft when advancing by the company of the development works under the milestones. Total production budget for the game is $30M-$50M.
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ACON | Hot Stocks11:31 EDT Aclarion enters commercial agreement with The Imaging Center - Aclarion announced their commercial agreement with The Imaging Center in Grand Rapids, MI. The Imaging Center is a new medical imaging center in the greater Grand Rapids market serving physicians who demand core imaging capabilities, as well as solutions like Nociscan.
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DFS | Hot Stocks11:12 EDT Discover says spending becoming more cautious, sees pressure on expenses - Discover seeing signs that the consumer is becoming more cautious. Says spend levels more cautious and coming down. Says this April, overall spend levels were up 3%, which is negative when adjusted for inflation. That trend continued into May and into June. The company also notes that it is seeing some pressure on expenses. "We expect that we're going to continue to invest so that our compliance management system meets our high standards and the high standards of the regulators. Now, we got more work to go in order to get there... But in the short term -- next couple of years -- we're going to be investing heavily in those areas. So that 10% factor or 10% overall guide for expense growth -- we are seeing pressure on it. We'll see how the balance of this year turns," Discover says. From 2019 to 2023, what we expect this year, kind of the increase in risk and compliance, $250M to the firm." Comments taken at the Morgan Stanley US Financials Payments & CRE Conference.
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IBM | Hot Stocks11:11 EDT IBM announces 'breakthrough' published on quantum computers - IBM announced a new "breakthrough," published on the cover of the scientific journal Nature, demonstrating that quantum computers can produce accurate results at a scale of 100+ qubits reaching beyond leading classical approaches. In their experiment, the IBM team demonstrates that it is possible for a quantum computer to outperform leading classical simulations by learning and mitigating errors in the system. The team used the IBM Quantum 'Eagle' quantum processor composed of 127 superconducting qubits on a chip to generate large, entangled states that simulate the dynamics of spins in a model of material and accurately predict properties such as its magnetization. "This is the first time we have seen quantum computers accurately model a physical system in nature beyond leading classical approaches," said Dario Gil, Senior Vice President and Director of IBM Research. "To us, this milestone is a significant step in proving that today's quantum computers are capable, scientific tools that can be used to model problems that are extremely difficult - and perhaps impossible - for classical systems, signaling that we are now entering a new era of utility for quantum computing."
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GOOGL GOOG | Hot Stocks11:07 EDT Google says EC Statement of Objections 'sets out claims that are not new' - Dan Taylor, Vice President, Global Ads, stated in a post to the Google blog: "Today's Statement of Objections from the European Commission sets out claims that are not new and relate to a narrow part of our advertising business. It fails to recognize how advanced advertising technology helps merchants reach customers and grow their businesses - while lowering costs and expanding choices for consumers. We look forward to showing how we have enabled higher-quality, more effective digital ads that have helped fund broader access to content and information online for everyone... The digital advertising market enjoys competitive pricing, lively innovation, and robust competition - helping advertisers, publishers, and consumers. We look forward to showing how our ad tech tools help make the internet open, and accessible - and how breaking them would diminish the availability of free, ad-supported content that benefits everyone." Reference Link
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FIVE | Hot Stocks11:02 EDT Five Below names Kristy Chipman CFO and treasurer, succeeding Ken Bull - Five Below announced that Kristy Chipman will join the company as CFO and Treasurer on July 17, 2023, reporting to Joel Anderson, President and CEO. Chipman will lead the company's finance and accounting organization, overseeing SEC reporting and financial operations, financial planning & analysis, investor relations, internal audit, enterprise risk management, tax and treasury, and serve as the company's principal financial officer and principal accounting officer. Chipman succeeds Ken Bull, who, as previously announced, has assumed the new role of COO of Five Below. Chipman most recently served as Executive Vice President, CFO and COO at Ruth's Chris Hospitality Group.
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EADSY | Hot Stocks11:01 EDT Airbus Ventures announces investment in Venus Aerospace - Airbus Ventures announced its investment in Venus Aerospace, "a Houston-based hypersonic startup enabling cost-effective one-hour global transport." Joining Venus' team of investors, Airbus Ventures will "support the team in their next phase of flight-redefining growth," Airbus said in a statement.
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SONO | Hot Stocks11:00 EDT Sonos announces 7% reduction in workforce - In a regulatory filing, Sonos said, "On June 14, 2023, Sonos announced a reduction in force involving approximately 7% of our employees. Decisions regarding the elimination of positions are subject to local law and consultation requirements in certain countries. The Company also committed to further reducing its real estate footprint and re-evaluating certain program spend. The foregoing actions were committed to on June 13, 2023 and reflect the Company's commitment to rightsize its cost base while still investing in its product roadmap to drive future growth. The Company estimates that it will incur approximately $11 to $14M of restructuring and related charges, of which $9 to $11M is related to employee severance and benefits costs. The Company expects to incur substantially all of the restructuring and related charges in the third quarter of fiscal 2023."
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CAT | Hot Stocks10:27 EDT Caterpillar increases quarterly dividend 8% to $1.30 per share - The Board of Directors of Caterpillar has voted to raise the quarterly dividend by ten cents, an 8% increase, to $1.30 per share of common stock, payable August 18, 2023, to shareholders of record at the close of business on July 20, 2023. "We continue to generate strong Machinery, Energy & Transportation (ME&T) free cash flow through execution of our enterprise strategy for long-term profitable growth," said Caterpillar Chairman and CEO Jim Umpleby. "Our strong ME&T free cash flow, balance sheet and liquidity position support our long history of growing the dividend and returning value to shareholders."
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BRT | Hot Stocks10:26 EDT BRT Apartments increases share repurchase authorization to $10M - BRT Apartments announced the Board of Directors has extended the term of the company's share repurchase program from December 31, 2023 to December 31, 2025 and increased the share repurchase authorization to up to $10M, inclusive of the approximate $1.99M remaining under the 2023 Program. Since announcing on May 15, 2023 that BRT may redeploy a portion of the $19.4M in net proceeds from its recent disposition of Chatham Court and Reflections, among other things, to fund potential stock repurchases, the company has repurchased 166,565 shares at a weighted average price of approximately $18.09 per share.
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CHDN | Hot Stocks10:13 EDT Churchill Downs partnership reaches preferred casino pact with City of Richmond - In a regulatory filing last night, Churchill Downs disclosed that the on June 13 the company's 50/50 partnership with Urban One, RVA Entertainment Holdings, entered into a Resort Casino Host Community Agreement with the City of Richmond, Virginia, to be the city's preferred casino gaming operator subject to certification by the Virginia Lottery Department and a local referendum. "The planned project is a $562M world-class entertainment and gaming venue," Churchill Downs stated in the filing.
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CNVS | Hot Stocks10:01 EDT Cineverse acquires North American distribution rights to 'On Fire' - Cineverse announced that the Company has acquired all North American rights to the pulse-pounding survival and inspirational drama On Fire. Inspired by the true and harrowing events which transpired during one of Northern California's most catastrophic wildfires, the film premiered at the 2023 Mammoth Film Festival where it was nominated for best genre film.
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UNH | Hot Stocks10:00 EDT UnitedHealth falls -8.0% - UnitedHealth is down -8.0%, or -$39.12 to $452.19.
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HUM | Hot Stocks10:00 EDT Humana falls -13.5% - Humana is down -13.5%, or -$69.14 to $443.49.
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AGL | Hot Stocks10:00 EDT Agilon Health falls -14.0% - Agilon Health is down -14.0%, or -$2.94 to $18.13.
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UHS | Hot Stocks10:00 EDT Universal Health rises 7.7% - Universal Health is up 7.7%, or $10.92 to $151.89.
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IIVI | Hot Stocks10:00 EDT II-VI rises 17.7% - II-VI is up 17.7%, or $34.98 to $232.25.
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COHR | Hot Stocks10:00 EDT Coherent rises 20.5% - Coherent is up 20.5%, or $8.76 to $51.58.
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PRPO | Hot Stocks09:58 EDT Precipio says HemeScreen technology enables MDS diagnosis - Precipio leveraged its proprietary HemeScreen Cytopenia panel as part of the diagnostic process for molecular identification of driver mutations in a patient with a history of transfusion-dependent anemia and experiencing progressive weakness and neurological symptoms. The findings point to an underlying myeloid stem cell disorder, including a myelodysplastic syndrome and possibly a higher-grade myeloid neoplasm. A major advantage in the case work-up using the Omnia methodology was the ability to detect these driver mutations using only a peripheral blood sample and not requiring a further bone marrow biopsy to confirm pathology suspicions. This enabled a more comprehensive and rapid result for the clinician to act upon to manage patient care. In this case, the detection of ASXL1 and WT1 mutations are associated with a poor prognosis, further reinforcing the need for accuracy and speed in this case work-up.
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TMUS... | Hot Stocks09:58 EDT T-Mobile, Google Cloud partnering on 5G Advanced Network Solutions - T-Mobile (TMUS) and Google Cloud (GOOGL) announced they are working together to "combine the power of 5G and edge compute, giving enterprises more ways to embrace digital transformation." T-Mobile will connect the 5G ANS suite of public, private and hybrid 5G networks with Google Distributed Cloud Edge, or "GDC Edge," to help customers embrace next-generation 5G applications and use cases, like AR/VR experiences, the companies stated. "This partnership brings together the powerful combination of 5G and edge computing to unlock the expansion of technologies such as AR and VR from limited applications to large-scale adoption. From providing a shopping experience in a virtual reality environment to improving safety through connected sensors or computer vision technologies, T-Mobile's 5G ANS combined with Google Cloud's innovative edge compute technology can bring the connected world to businesses across the country," said Mishka Dehghan, Senior Vice President, Strategy, Product, and Solutions Engineering, T-Mobile Business Group.
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ALLG | Hot Stocks09:47 EDT Allego falls -8.7% - Allego is down -8.7%, or -29c to $3.05.
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HUM | Hot Stocks09:47 EDT Humana falls -11.1% - Humana is down -11.1%, or -$57.03 to $455.60.
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AGL | Hot Stocks09:47 EDT Agilon Health falls -13.7% - Agilon Health is down -13.7%, or -$2.88 to $18.19.
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IIVI | Hot Stocks09:47 EDT II-VI rises 12.9% - II-VI is up 12.9%, or $25.38 to $222.64.
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COHR | Hot Stocks09:47 EDT Coherent rises 15.2% - Coherent is up 15.2%, or $6.50 to $49.32.
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CYH | Hot Stocks09:47 EDT Community Health rises 15.4% - Community Health is up 15.4%, or 63c to $4.73.
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HPE | Hot Stocks09:42 EDT HP Enterprise appoints Rom Kosla as CIO - Hewlett Packard Enterprise announced that Rom Kosla has been appointed Chief Information Officer. Kosla comes to HPE from Retail Business Services, the services company of Ahold Delhaize USA, where he currently serves as the grocery retailer's Executive Vice President, IT, and CIO. Kosla will join HPE in July 2023.
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LLAP | Hot Stocks09:37 EDT Terran Orbital announces Tony Gingiss as COO - Terran Orbital Corporation announced aerospace and defense industry veteran Tony Gingiss has joined Terran Orbital as the company's new COO. We are thrilled Tony has chosen to become a Terran," said Terran Orbital Co-Founder, Chairman, and CEO Marc Bell. "Tony will bring an innovative and experienced edge to Terran Orbital as we expand our facilities and build out our contracts. We look forward to working with Tony and growing with his guidance."
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WETG | Hot Stocks09:35 EDT WeTrade Group Inc trading resumes
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WETG | Hot Stocks09:30 EDT WeTrade Group Inc trading halted, volatility trading pause
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VHC SSNLF | Hot Stocks09:27 EDT VirnetX, Samsung extends partnership with The Secret of Skinwalker Ranch - VirnetX (VHC) announced that VirnetX and Samsung (SSNLF) have extended their partnership to deliver secure collaboration spaces and dynamic visual experiences for Skinwalker Ranch - the most scientifically studied hotspot of its kind on the planet and subject of the hit History Channel series, The Secret of Skinwalker Ranch. Under terms of the partnership, the VirnetX War Room with VirnetX One software will be embedded into Samsung's new Interactive Display to provide the History Channel's The Secret of Skinwalker Ranch series with protected collaboration spaces and dynamic intuitive user interface.
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VUZI | Hot Stocks09:26 EDT Vuzix announces distribution agreement with ASK - Vuzix announced that it has entered into a distribution agreement with ASK Corporation, a Tokyo-based leading distributor providing products, services and solutions to consumer, commercial, and professional users of IT equipment. Vuzix has received and is now shipping against a large volume purchase order from ASK, who will distribute Vuzix products to its customers across Japan. The agreement marks a significant milestone in the advancement of AR technology and its widespread adoption in Japan.
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CVS CEG | Hot Stocks09:26 EDT CVS Health announces 18 megawatt agreement with Constellation - CVS Health (CVS) announced an 18 megawatt agreement with Constellation (CEG) to purchase zero-emission, renewable energy equivalent to the annual electricity use of its 147 CVS Health locations throughout Michigan. Through a 12-year agreement beginning in April 2025, CVS Health will purchase energy and renewable energy certificates from Swift Current Energy's Double Black Diamond Solar Project in Illinois. This is made possible by a long-term agreement between Constellation and Swift Current Energy under which Constellation will purchase a portion of the energy and RECs generated by Double Black Diamond. Construction of the project began in earnest in March. In total, CVS Health will procure approximately 35,000 megawatt hours of energy per year from Double Black Diamond, which is expected to help the company reduce its carbon footprint by nearly 17,000 metric tons calculated on an annual basis. This is the equivalent emissions of nearly 3,800 gasoline-powered passenger vehicles driven for one year, according to U.S. EPA greenhouse gas equivalencies.
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CEI | Hot Stocks09:21 EDT Camber Energy, Viking Energy announce effectiveness of regstration statement - Camber Energy announced that on June 13, 2023, at 4:00 p.m. ET, the U.S. Securities and Exchange Commission declared effective the Registration Statement on Form S-4, as amended filed with the SEC in connection with the previously announced proposed business combination of Camber and Viking. The Registration Statement provides important information about the Merger. The companies also established a record date of May 22, 2023 and announced that: Camber will hold its special meeting of stockholders on July 20, 2023 at 10:00 a.m. to approve the Merger and related matters; and Viking will hold its special meeting of stockholders on July 20, 2023 at 2:00 p.m. to approve the Merger and related matters. The stockholders of record of Camber as of the Record Date will be entitled to notice of, and to vote at or before, the Camber Special Meeting. The stockholders of record of Viking as of the Record Date will be entitled to notice of, and to vote at or before, the Viking Special Meeting. If the necessary proposals at the Special Meeting are approved, Camber and Viking anticipate that the Merger will close effective on or about August 1, 2023, subject to the satisfaction of all other closing conditions. Upon the closing of the Merger, a wholly-owned subsidiary of Camber will merger with and into Viking, with Viking surviving the Merger as a wholly-owned subsidiary of Camber and Camber remaining the sole publicly-traded entity.
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NTWK | Hot Stocks09:19 EDT NetSol Technologies achieves SOC 2 Type 2 compliance - NETSOL Technologies achieved SOC 2 Type 2 compliance, with a global audit conducted by A-LIGN, a technology-enabled security and compliance partner trusted by more than 2500 global organizations to help mitigate cybersecurity risks.
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SFIX M | Hot Stocks09:18 EDT Stitch Fix appoints Matt Baer as CEO - Stitch Fix (SFIX) announced that Matt Baer, former Chief Customer & Digital Officer at Macy's (M), has been appointed CEO and a member of the Board of Directors, effective June 26, 2023. Founder, interim CEO and Executive Chairperson of the Board Katrina Lake will work closely with Baer as he transitions into his role. Lake will continue on in her role as Executive Chairperson of the Board.
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ZYXI | Hot Stocks09:17 EDT Zynex approves $10M share buyback program - Zynex announced that its board of directors approved a program to buy back $10.0M of the Company's common stock. The program will commence on June 14 and is scheduled to terminate on June 13, 2024 or when the $10.0M buyback limit is reached. Under the share buyback program, buybacks may be made from time-to-time in open market and negotiated purchases, effective immediately through the next twelve months. The Company expects to finance the purchases with existing cash balances, which is not expected to have a material impact on capital levels. Zynex had approximately 41.6 million shares issued and 36.4 million shares outstanding as of June 13.
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TATT | Hot Stocks09:14 EDT TAT Technologies receives first order for repair of APU331-500 - TAT Technologies informed on receiving a first customer's order for the repair of APU331-500 from one of North America Cargo carriers. Zamir CEO and President of TAT Technologies said:" this order is the first of many orders to come, part of our penetration strategy to the MRO market of the APU 331-500. Establishing this line of business after 2 years of investment is a breakthrough that will serve our growth strategy for the coming years, as well as improve our margins and profits." Zamir added:" Last week we announced our results for the first quarter of 2023 which was the second consecutive quarter of increase in revenues, gross profits and margins, EBITDA, and the shift to net profits. We expect the improvement in our results to continue in the coming quarters, and such improvement to enhance the value to our shareholders".
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AIMD | Hot Stocks09:13 EDT Ainos launches VELDONA Pet Shiny, VELDONA Pet Slim supplements - Ainos announced the launch of two new VELDONA Pet cytoprotein supplement products. VELDONA Pet Shiny, formulated to support pets' eye health, and VELDONA Pet Slim, designed to help manage body weight and weight-related health issues, will be launched next month in Taiwan. The release marks the final step in the rollout of Ainos' VELDONA Pet product line. With all five products launched successfully, the Company is poised to push towards its goal of reaching $20 million in sales from its VELDONA Pet supplement line during 2024.
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EGO | Hot Stocks09:12 EDT Eldorado Gold announces closing of C$81.5M strategic investment by the EBRD - Eldorado Gold Corporation announced the closing of the previously announced strategic investment of C$81.5M by the European Bank for Reconstruction and Development, EBRD. The investment was effected by way of a private placement whereby EBRD subscribed for 6,269,231 shares at a price of C$13.00 per share. The Private Placement is subject to final acceptance of the Toronto Stock Exchange.
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TU | Hot Stocks09:12 EDT Telus, ETS, iBwave sign agreement to transform construction, telecom - TELUS announces that it has signed an agreement with the Ecole de Technologie Superieure and iBwave, a Montreal-based software developer and world leader in the deployment of indoor wireless networks. The collaboration includes the development of a 5G laboratory at ETS, which will serve as a meeting place for researchers, students and companies to drive innovation in telecommunications, construction, engineering and architecture through fifth-generation networks. This agreement is part of TELUS' nearly $30 million in investments in Montreal in 2023 to deploy and update its 5G and optical fibre networks in the city. More specifically, TELUS, ETS and iBwave will combine their expertise to re-imagine how wireless networks inside buildings are designed and deployed as part of large architecture and construction projects, drawing on the concept of Building Information Modelling.
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S | Hot Stocks09:12 EDT Lumu integrates with SentinelOne for network detection, response - Lumu announced its integration with SentinelOne that will provide organizations with the ability to continuously monitor their network for adversarial activity and gain broader visibility into assets impacted by cyberattacks. Lumu and SentinelOne's solutions will work together to provide powerful protection against malicious activity discovered in the network.
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RLJ SKT | Hot Stocks09:10 EDT RLJ Lodging Trust appoints Chad Perry as EVP General Counsel - RLJ Lodging Trust (RLJ) announced the appointment of Chad D. Perry as Executive Vice President and General Counsel. Prior to his appointment, Mr. Perry served as Executive Vice President, General Counsel and Secretary of Tanger Factory Outlet Centers (SKT). In his role at RLJ, Mr. Perry will lead the Company's legal department, reporting to President and Chief Executive Officer Leslie D. Hale.
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LVTX | Hot Stocks09:08 EDT Lava Therapeutics announces it will discontinue LAVA-051's clinical trial - LAVA Therapeutics announced its decision to rationalize its pipeline and prioritize its lead solid tumor program. The Company will continue to advance LAVA-1207, its Gammabody program designed to target the prostate-specific membrane antigen as well as earlier stage programs. The ongoing clinical trial of LAVA-051 targeting CD1d expressing hematological tumors, including multiple myeloma, chronic lymphocytic leukemia, and acute myeloid leukemia will be discontinued. LAVA-051 was being evaluated in an open-label, multi-center Phase 1/2a clinical trial in patients with relapsed or refractory CLL and MM to evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, immunogenicity, and preliminary anti-tumor activity of LAVA-051. The decision to discontinue LAVA-051's clinical trial follows a recent review of the competitive landscape that has continued to evolve. The decision is not due to safety concerns. "We started this trial to investigate the potential for a bispecific gamma-delta T cell engager to help patients with hematological malignancies. We are pleased the trial data to date showed a favorable safety profile, gamma delta T cell activation, and early signals of potential anti-tumor activity in CLL and MM," said Steve Hurly, chief executive officer at LAVA. "However, there have been significant advancements in the treatment of multiple myeloma and chronic lymphocytic leukemia. As a result, we have decided to discontinue this trial and focus our resources on LAVA-1207, partnered programs, and our pipeline. This is a decision to prioritize our programs with the greatest potential to benefit patients. We are grateful to the patients, their families, and the investigators who participated in the trial and contributed to this research on the Gammabody platform. We garnered a lot of knowledge from this trial and are resolute in our commitment to apply these learnings to the Gammabody platform, to contribute to the development of immuno-oncology products to treat patients with cancer in areas of unmet need."
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INFA | Hot Stocks09:08 EDT Informatica to buy UK-based software provider Privitar, no terms disclosed - Informatica announced its intent to acquire Privitar bringing advanced access controls and remediation for data privacy and security to Informatica's AI powered Intelligent Data Management Cloud IDMC platform. Privitar is a UK-based data management access and privacy software provider that powers organizations to democratize the ethical and safe use of data across enterprises. The company's modern data access management solution builds collaborative workflows and policy-based data privacy and access controls into data operations. Data access management has emerged as a critical solution to help users create, enforce, and monitor data policies as hybrid and multi-cloud environments proliferate. A comprehensive data access management solution allows for the automation of secure, auditable, and regulatory-compliant access to data assets, unlocking the power of data democratization. Adding Privitar's data access management and privacy solution to the IDMC platform supports critical, high-growth use cases around cloud analytics, governance, data mesh, and data marketplace...Financial details of the prospective acquisition were not disclosed. The acquisition is subject to certain closing conditions and is expected to be completed in the third quarter of 2023. In order to include a discussion of this transaction, Informatica is rescheduling its previously announced Investor Day, initially planned for September 5 to a later date in 2023. Details will be announced soon.
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LPLA | Hot Stocks09:07 EDT LPL Financial: Forte Financial joins broker-dealer, RIA, custodial platforms - LPL Financial LLC announced that financial advisor Brian Olson CFP, has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $150 million in advisory, brokerage and retirement plan assets, and joins LPL from Edward Jones. With the move to LPL, he founded Forte Financial Planning with a mission to help people navigate the complex world of finance and invest in their future. Olson's background in institutional investing, pension administration, 401(k) management and credit data allows him to offer a diverse perspective to serve clients more holistically. He is joined by longtime Client Service Manager Mariann Rubin.
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MIGI... | Hot Stocks09:06 EDT Mawson Infrastructure reports May self-mining Bitcoin production of 67 - Mawson Infrastructure announced its unaudited business and operational update for May.
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SHLS | Hot Stocks09:06 EDT Shoals Technologies appoints Brandon Moss as CEO - Shoals Technologies announced the appointment of Brandon Moss as Chief Executive Officer, CEO, effective July 17th. Moss will succeed interim CEO and President Jeff Tolnar, who will continue to serve as Shoals' President. Moss has extensive experience managing and scaling businesses for long-term growth, driving new market penetration and developing strategic global partnerships. Prior to joining Shoals, he was most recently President of the Tools, Components, & Assembled Solutions Group at Southwire Company.
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PRGS | Hot Stocks09:06 EDT Progress Software announces R2 2023 release of Progress Telerik, Kendo UI - Progress announced the R2 2023 release of Progress Telerik and Progress Kendo UI, the most powerful .NET and JavaScript UI libraries and tools for app development. Delivering digital experiences for a competitive edge requires having the right tools to maximize impact with minimized development time. With today's release, Progress helps developers address the modern digital requirements enterprises face when providing the best possible employee and customer experience.
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HQY | Hot Stocks09:05 EDT HealthEquity appoints Lucania as CFO - HealthEquity announced that James Lucania has been announced as the Company's Executive Vice President and Chief Financial Officer, CFO, with his term to begin following the filing of the Company's Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission for the fiscal second quarter in September, succeeding Tyson Murdock, who will remain our CFO until then to assist with a smooth and orderly transition. Most recently, Lucania served on the leadership team of Ascensus Holdings, as Chief Financial Officer since 2016.
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MSGM | Hot Stocks09:05 EDT Motorsport Games announces Le Mans Ultimate first look - Le Mans Ultimate - the official game of the 24 Hours of Le Mans and FIA World Endurance Championship - was announced ahead of the eagerly-anticipated Centenary edition of the 24 Hours of Le Mans, with a first look available for fans to play during the build-up to the ultimate endurance race. An early version of the game developed by Studio 397 and Motorsport Games was available in the Family Fan Village for race goers of all ages to try an early build preview presented by Thrustmaster. The free to play activation allowed over 3,200 fans to get behind the wheel of either the Porsche 963 Hypercar or Ferrari 488 GTE on full rig set-ups. The session around a virtual Circuit de la Sarthe gave drivers a chance to echo the real-life action taking place race around the legendary venue, using with the latest products from Thrustmaster, including the entry-level T248 wheel or bespoke sim racing Direct Drive T818.
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AGRI | Hot Stocks09:04 EDT AgriFORCE Growing Systems provides update on UNTHINK Awakened Flour - AgriFORCE Growing Systems provided an update on the qualification of its UN(THINK) Awakened Flour. Recent production and lab work has finalized the commercial readiness of its Awakened Flour Hard Red Wheat, a one-of-a-kind germinated wheat flour appropriate for making breads. Internal testing continues, evaluating nutritional content, taste, and texture. UN(THINK) Awakened Flour in both Soft White Wheat (for baking) and Hard Red Wheat (for bread) is now available for B2B customers in Canada and the U.S. and AgriFORCE plans to expand sales into the direct-to-consumer market after the summer.
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MTTR | Hot Stocks09:03 EDT Matterport announces Genesis, a new initiative to deliver generative AI - Matterport announced Genesis, a new initiative that aims to deliver generative AI across its digital twin platform for customers looking to bolster the efficiency and profitability of their property portfolios worldwide. "Matterport has been at the forefront of the digital transformation of the built world for more than a decade, fueled by our early advances in artificial intelligence," said RJ Pittman, Chairman and CEO of Matterport. "Genesis is the continuation of that strategy to help Matterport and its partners create transformational digital experiences for properties and improve operations in buildings worldwide."
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MDB | Hot Stocks09:02 EDT MongoDB announces new education partnerships - MongoDB announced new education partnerships and initiatives to enable and empower future developers through education and help close the widening software-development skills gap globally. To ensure the training is accessible to more developers globally, MongoDB has established distribution partnerships with Coursera and LinkedIn Learning, both with networks of millions of global learners. And, to ensure that developers from traditionally underrepresented groups have an opportunity to gain skills with MongoDB Atlas, new partnerships with Women Who Code, MyTechDev, and Lesbians Who Tech & Allies will provide free certification to 700 developers. In addition to these partnerships, the MongoDB for Academia program now offers new benefits for educators such as free MongoDB Atlas credits and certifications. MongoDB University is releasing new online learning courses to reskill database administrators and professionals that use SQL-a querying language for relational databases-on how to take advantage of non-relational database technologies.
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VRSK | Hot Stocks09:02 EDT Verisk Analytics expands anti-fraud claims solution with AI - Verisk is expanding its anti-fraud claims solution with artificial intelligence that will enable insurers to identify potential fraud in claims photos with lightning speed and laser precision. Drawing on millions of claims images in Verisk's databases, including the loss history database ClaimSearch, the image forensics solution analyzes every image submitted as part of a claim to detect indicators of fraud. Without any human intervention, the solution automatically flags photos that have been altered, manipulated or downloaded from the internet. Using ClaimSearch, Verisk's solution also identifies images that have been submitted to other insurers. The image forensics solution will be featured in a webinar on June 21.
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LOGI | Hot Stocks09:01 EDT Logitech down 10% in pre-market after CEO departure, Citi downgrade - Shares of Logitech are down 10% to $6.33 per share at $57.57 in pre-market trading. The company announced the departure of its CEO Bracken Darrell yesterday evening in order to pursue another opportunity, and the stock was downgraded to Neutral at Citi this morning on this "sudden and unexpected" transition.
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PLUG | Hot Stocks08:58 EDT Plug Power jumps 9% as company unveils revenue opportunities for Analyst Day
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COHR | Hot Stocks08:55 EDT Coherent unveils new PH20 SmartWeld+ laser technology for EVs - Coherent "introduced its new PH20 SmartWeld+ laser processing heads optimized for precision control of welding depths that are ideal for electric vehicle manufacturing applications. The exponential growth in battery manufacturing for electric vehicles is driving the demand for next-generation laser processing systems that can produce the highest-quality welds in batteries while accelerating manufacturing throughput and maintaining competitive cost of ownership. The PH20 SmartWeld+ from Coherent is now available with up to 6 kW of power, enabling precise control of penetration depth, even for long weld seams, such as those found in individual battery cells. The PH20 SmartWeld+ can be used with single-mode fiber lasers of up to 2.5 kW, and with adjustable ring mode laser sources. The PH20 SmartWeld+ can be paired with several lasers from Coherent, including the HighLight FL CSM ARM, the HighLight FL SM, and the PowerLine FL 1000/1500." Shares of Coherent are up 7.2% in pre-market trading at $45.91.
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SCHW | Hot Stocks08:52 EDT Charles Schwab reports total client assets $7.65T at May-end, up 5% YoY - The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2023 include: Core net new assets brought to the company by new and existing clients totaled $20.7B. Net new assets excluding mutual fund clearing totaled $24.5B; Total client assets were $7.65T as of month-end May, up 5% from May 2022 and flat compared to April 2023. Client cash as a percentage of assets was 11.5% as of month-end May, compared with 12.0% in May 2022 and 11.3% in April.
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BREA | Hot Stocks08:51 EDT Brera Holdings sings LOI to acquire majority stake in UYBA Volley - Brera Holdings signed an exclusive Letter of Intent to acquire majority ownership of the Italian Serie A1 women's professional volleyball team UYBA Volley S.s.d.a.r.l., known as E-Work Busto Arsizio based in Busto Arsizio, north of Milan. Under the LOI, Brera or its subsidiary, Brera Milano S.r.l., intends to acquire 51% of the share capital of UYBA Volley. Brera Holdings expects the acquisition of its majority stake in UYBA to close by June 28, 2023. The acquisition will be subject to the Company's entry into a definitive purchase agreement and satisfaction of all related terms and conditions.
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CNDT | Hot Stocks08:49 EDT Conduent to provide EMV contactless payment tech to Azienda Trasporti Verona - Conduent Transportation announced its selection by transport operator Azienda Trasporti Verona to provide new contactless payment technology for the public buses in Verona, Italy. Conduent will provide contactless EMV payment technology that will allow passengers to pay with debit and credit cards, as well as NFC-enabled digital wallets on board ATV buses. This month, Conduent and ATV are starting a pilot project of the EMV technology on the Airlink bus service between Verona Porta Nuova railway station and Verona airport. Following the pilot, Conduent will provide ticket validators that will be progressively installed, starting in the fall, on the 540 buses that serve the city of Verona and suburban network.
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LVO | Hot Stocks08:47 EDT LiveOne provides update on PodcastOne's planned spin-out - LiveOne provided an update on its planned spin-out of PodcastOne as a separate public company and other updates. PodcastOne's S-1 Registration Statement Declared Effective by the SEC; Repays $3 Million of PodcastOne's convertible debt; Increases Special Dividend from 12% to ~19%; Extends Record Date to Coincide with Approval for Planned Listing on National Exchange;PodcastOne Plans to File Its 2023 FY Audited Financial Statements by June 29, 2023 as Requested by Nasdaq as Part of Its New Listing Review; LiveOne to Own ~74% of PodcastOne's Outstanding Shares Post Spin-Out; Each LiveOne Share Held as of Record Date Expected to Receive ~.048 Shares of PodcastOne in the Special Dividend. PodcastOne's planned direct listing, amount of the special dividend and LiveOne's shareholders' dividend eligibility shall be subject to obtaining approval from the applicable national exchange and compliance with applicable rules and regulations and trading and listing requirements. There can be no assurance that PodcastOne's efforts will result in the consummation of the proposed direct listing and/or special dividend.
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DRI RUTH | Hot Stocks08:45 EDT Darden completes acquisition of Ruth's Hospitality - Darden Restaurants (DRI), announced that it has completed its acquisition of Ruth's Hospitality Group (RUTH). The Ruth's Chris Steak House brand now joins and complements Darden's portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze. In connection with the completion of the merger, Ruth's common stock ceased trading on Nasdaq.
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EVOK | Hot Stocks08:43 EDT Evoke Pharma to host KOL webinar on GIMOTI - Evoke Pharma announced that it will host a key opinion leader, KOL, webinar on June 22, 2023 at 11:00am ET to discuss the healthcare resource utilization data related to GIMOTI usage presented in a plenary session at DDW 2023 annual conference. The event will feature Dr. David C. Kunkel, Gastroenterologist and Associate Professor of Medicine at UC San Diego Health and moderated by Yale Jen Ph.D., Senior Biotech Analyst at Laidlaw and Company.
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OXAC | Hot Stocks08:43 EDT Jet.AI partners with Go Rentals to enhance private aviation experience - Jet Token announced an exclusive partnership with Go Rentals, the only car rental company specializing in the private-jet industry and servicing fine hotels and resorts. Through the partnership, Jet.AI will provide its members with priority rates and other exclusive ground transportation-related perks, deepening its service offering. "Jet.AI is committed to providing an unmatched level of service and innovation to private jet customers, and by partnering with Go Rentals, the country's premiere provider of luxury ground transportation, we're continuing to deliver on that commitment," said Mike Winston, Founder and Executive Chairman of Jet.AI. This partnership follows Jet.AI's recent announcement of a proposed business combination with Oxbridge Acquisition, a publicly-traded special purpose acquisition company.
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GNLN | Hot Stocks08:41 EDT Greenlane announces launch of DaVinci ARTIQ Cooling Vaporizer - Greenlan announced the launch of the DaVinci ARTIQ, the newest in a line of premium portable vaporizers. "The launch of the DaVinci ARTIQ is another example of the innovative technology and products that are at the forefront of Greenlane," said Craig Snyder, CEO of Greeenlane. "Using DaVinci's clean technology, this vaporizer adds an added dimension of an even smoother, cooler vapor to our product line. We look forward to continuing to develop and offer both new and improved products that consumers desire."
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NAOV | Hot Stocks08:40 EDT NanoVibronix in distribution pact with Mio-Guard for PainShield MD product - NanoVibronix announced that it has entered into a distribution agreement with Mio-Guard for the sale and distribution of its PainShield MD product. Brian Murphy, Chief Executive Officer of NanoVibronix commented, "This new distribution agreement is a great opportunity for us to expand our footprint in sports medicine and within the realm of organized sports teams at various levels. Sports medicine represents a $5B opportunity in the United States and has gained traction in recent years due to the rising incidence of sports injuries and growing participation in sports and fitness-related activities...Under the terms of the multi-year agreement, Mio-Guard has the exclusive right to sell and distribute PainShield MD product to its customers throughout the United States in the areas of athletic team sports and sports medicine. Mio-Guard has placed its first order of PainShield MD products and will prominently display them next week in Indianapolis at the National Athletic Trainers' Association Expo, the world's largest showcase of products and services for the athletic training profession. Mio-Guard will have a substantial presence at the event and feature the PainShield MD in Booth #1700 in the Expo Hall.
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XPON | Hot Stocks08:40 EDT Expion360 introduces e360 SmartTalk Battery - Expion360 has introduced a new e360 SmartTalk Battery for powering electric golf carts and other light electric vehicles. The 48 Volt GC2 lithium iron phosphate battery was engineered to set a new standard for LEVs, combining intelligent wireless mobile management capabilities and outstanding capacity with superior construction and durability.
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INOD | Hot Stocks08:39 EDT Innodata announces start of generative AI development with top-five big-tech - Innodata announced it has kicked off generative AI training dataset development for a leading cloud infrastructure and platform services company that is an existing customer of Innodata. "This is the first of the three potentially transformative generative AI customer engagements we referred to in our May 11, 2023 first quarter earnings release," said Jack Abuhoff, Innodata Chief Executive Officer. "We anticipate potentially exceeding $8 million or more in total revenue with this customer in 2023. The other two generative AI deals we referred to in our earnings release are continuing to track positively. These are with two other Big Five global technology companies, each of which would be a new Innodata customer. We are presently completing vendor onboarding processes and finalizing agreements with them. While there is always the risk that one or both do not close, there is strong forward momentum on both."
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MIRM | Hot Stocks08:37 EDT Mirum Pharmaceuticals: Data from Livmarli evaluating ALGS patients published - Mirum Pharmaceuticals announced that data from LIVMARLI or maralixibat, oral solution clinical studies evaluating patients with Alagille syndrome, ALGS, were published in Hepatology. LIVMARLI is the first and only approved treatment for cholestatic pruritus in patients with Alagille syndrome three months of age and older. The overall findings from the retrospective analysis suggest that patients with ALGS treated with LIVMARLI who meet the identified prognostic parameters may have improved six-year survival and clinical outcomes. In the analysis, 46 pre-specified variables were evaluated as potential predictors of event-free and transplant-free survival from the LIVMARLI ALGS clinical program. Patients were assessed for up to six years; EFS was defined as absence of liver transplant , surgical biliary diversion SBD , hepatic decompensation, or death; TFS was absence of LT or death..."Complications of cholestasis, including refractory pruritus, are among the main indications for liver transplantation in patients with Alagille syndrome and many children will unfortunately require a liver transplant before adulthood," said Ronald J. Sokol, MD, chief scientific officer, child health, Children's Hospital Colorado. "This six-year analysis provides important insight into which markers predict transplant-free and event-free survival in those receiving LIVMARLI, and therefore can help guide medical management of patients receiving LIVMARLI."
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NEWT | Hot Stocks08:35 EDT NewtekOne closes twelfth small business loan securitization - NewtekOne has closed its twelfth small business loan securitization, with the offering of $103,860,000 of Unguaranteed SBA 7(a) Loan-Backed Notes, Series 2023-1, consisting of $84,270,000 of Class A Notes and $19,590,000 of Class B Notes, with preliminary ratings of "A- (sf)" and "BBB- (sf)", respectively, by S&P Global Ratings. The Notes had a 79.5% advance rate. The Class A Notes were priced at lesser of 30-day Average Compounded SOFR plus 300 basis points or PRIME minus 50 basis points, and the Class B Notes were priced at lesser of 30-day Average Compounded SOFR plus 425 basis points or PRIME plus 75 basis points. The Notes are collateralized by the right to receive payments and other recoveries attributable to the unguaranteed portions of SBA 7(a) loans made by Newtek Small Business Finance pursuant to Section 7(a) of the Small Business Act, and overcollateralized by NSBF's participation interest in the unguaranteed portions. Deutsche Bank Securities and Capital One Securities acted as joint book running managers for the transaction. In April 2023, Newtek Bank began funding the SBA 7(a) loan origination pipeline transferred from NSBF, the Company's previous SBA 7(a) lender. Newtek Bank originates SBA 7(a) loans under PLP-delegated authority granted by the SBA.
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BDRX | Hot Stocks08:33 EDT Biodexa Pharmaceuticals says all resolutions passed at AGM - Biodexa Pharmaceuticals announces that at its Annual General Meeting and subsequent General Meeting held earlier today, all resolutions put to the Company's shareholders were duly passed.
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NUE | Hot Stocks08:33 EDT Nucor builds new structures production facility in Indiana - Nucor announced that the Company's Towers & Structures business unit will build its second state-of-the-art utility structures production facility in Crawfordsville, Indiana. Earlier this year the Company announced plans to build its first structure production facility in Decatur, Alabama. The new facility will be located adjacent to the Nucor Steel Crawfordsville steel mill and is expected to create 200 full-time jobs. Federal legislation passed in the last few years, including the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, provide nearly half a trillion dollars in funding and incentives to build out our nation's clean energy future, creating increasing demand for transmission and other utility structures. Demand is also being driven by infrastructure damage stemming from natural disasters, replacement of aging utility infrastructure and population growth.
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NBSE | Hot Stocks08:33 EDT NeuBase Therapeutics announces 1-for-20 reverse stock split - NeuBase Therapeutics will effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-20, to be effective as of 5:00 p.m. Eastern Time today, June 14, 2023. The Company's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on Thursday, June 15, 2023. Following the reverse stock split, the Company's common stock will continue to trade on The Nasdaq Capital Market under the symbol "NBSE" with the new CUSIP number, 64132K201. The reverse stock split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on The Nasdaq Capital Market. The reverse stock split will reduce the number of issued and outstanding shares of the Company's common stock from approximately 33.8 million to approximately 1.7 million.
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TTEC | Hot Stocks08:31 EDT TTEC Holdings appoints Laura Butler as Chief People Officer - TTEC Holdings announced Laura Butler as the company's Chief People Officer. A market-facing executive, Butler is well-regarded for developing global, talent-led organizations with her expertise in crafting exceptional employee experiences. In this new role, she is responsible for leading people and culture programs for TTEC's 65,000 employees who speak more than 50 languages in 86 sites across six continents. Butler joins TTEC from Entrata, a fast-growing, privately held B2B software company, where she served as chief people officer. Prior to that she led the people function at Talkdesk, a cloud contact center platform, and Adobe Workfront among other market leaders. In addition, she currently serves as an independent director on the board of Workforce Software.
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IMAX | Hot Stocks08:30 EDT Imax extends current share-repurchase program through June 30, 2026 - Imax announced a 3-year extension to the company's share-repurchase program through June 30, 2026. The current share-repurchase program authorized the company to repurchase up to $400M of its common shares, of which approximately $191.5M remains available, and was set to expire on June 30, 2023.
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GAME | Hot Stocks08:26 EDT U.S. Navy, Gaming Community Network patner to host STEM competition - GameSquare Holdings announced that the U.S. Navy has partnered with Gaming Community Network to create an exciting new STEM competition for high school students. In this unique competition, students will use their STEM skills to create new and innovative islands in the recently released Unreal Editor for Fortnite.The islands must incorporate a Navy inspired nautical theme where the player experiences and challenges such as scavenger hunts, puzzles or speed runs are happening on, or under, the water.
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SYTA | Hot Stocks08:24 EDT Siyata Mobile launches Mobile Command Center solution - Siyata Mobile launched its latest product, the Siyata Mobile Command Center, an all-in-one, mobile communications solution with built-in redundancy primarily for providers of Emergency Management Services that need to set up a mobile telecommunications command center in the field.
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KAVL | Hot Stocks08:20 EDT Kaival relaunches distribution of BIDI Stick in over 1,000 Circle K locations - Kaival Brands Innovations announced the activation and initial shipment of BIDI Sticks to over 1,000 Circle K locations, with a ramp up to 5,000 locations planned for the remainder of this year within the South Atlantic and Midwest regions of the United States. "Following the recent, commendable increased enforcement by the FDA against bad actors in the ENDS industry, which we fully support, we are excited to announce the renewed rollout of the BIDI Stick in Circle K, where the products will be made available for ID and age-verified adult tobacco users. As of this week, we have activated over 1,000 new Circle K locations, with the goal of ramping up to 5,000 this year," stated Eric Mosser, President & Chief Operating Officer of Kaival Brands. "Important milestones like this are a natural outgrowth of the marketing and distribution efforts previously announced as we've worked since late last year to educate retailers of the benefits of BIDI Stick versus non-compliant competition. We are hopeful that our efforts will continue open doors for us and increase our revenues during 2023 and beyond, and we look forward to continuing to expand the reach of the BIDI Stick with retail partners like Circle K who share our commitment to compliance and youth-access prevention."
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SVAUF | Hot Stocks08:19 EDT StorageVault Canada partners with Toronto Blue Jays - STORAGEVAULT has been named the Official Self Storage and Portable Storage Provider of the Toronto Blue Jays. The self storage brands of Access Storage, Sentinel Storage and Depotium Mini Entrepot will all benefit from this partnership. Additionally, the portable storage brands of Cubeit Portable Storage, StorageVault Containers and FlexSpace Logistics are included in the agreement. The partnership with the Toronto Blue Jays provides StorageVault's brands with national marketing rights and broadcast and in-stadium signage.
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SLGG RBLX | Hot Stocks08:18 EDT Super League Gaming brings Clarks into Roblox - Super League takes another leap into the gaming metaverse, this time with Clarks, with the launch of the PLAYPRINTS World on Roblox. This partnership began with Melon, acquired in May 2023 by Super League. Together with Clarks, the two companies have created a suite of influencer activities alongside a YouTube channel spotlighting the adventures of the PLAYPRINTS squad.
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AVDL | Hot Stocks08:18 EDT Avadel Pharmaceuticals sponsors AASM Foundation's 2023 YIRF - Avadel Pharmaceuticals announced leader sponsorship of the American Academy of Sleep Medicine, AASM, Foundation's 15th Annual Young Investigators Research Forum, YIRF. This will be Avadel's third year as lead sponsor of the YIRF program, which takes place March-June 2023, with virtual events and in-person events. "At Avadel, we're passionate about supporting the sleep community, including both people with sleep disorders, as well as scientists advancing sleep research," said Jennifer Gudeman, PharmD, Senior Vice President, Medical and Clinical Affairs at Avadel. "Our ongoing partnership with the AASM Foundation stems from a communal goal to expand the field of sleep medicine for the benefit of patients. We're proud to support this vital training program with hopes that future discoveries from these early career investigators will result in new ways to better improve the lives of those with disorder sleep conditions, like narcolepsy."
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WLDS | Hot Stocks08:16 EDT Wearable Devices announces Technology Showcase in Asia Pacific region - Wearable Devices announced its upcoming Technology Showcase in the Asia Pacific region. The showcase aims to expand Wearable Devices' cutting-edge wearable gesture sensing technology among leading producers in Japan, Taiwan and China. By targeting these thriving sectors, Wearable Devices intends to foster partnerships by encouraging companies and enterprises to integrate their products with Wearable Devices' Mudra technology and enable their customers a unique user experience. The technology showcasing is scheduled with interested parties, industry players, and potential business partners from different leading sectors. Wearable Devices' objective is to build strategic alliances to expand the adoption of its wearable sensing technology and drive innovation in these dynamic industries.
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CUE | Hot Stocks08:16 EDT Cue Biopharma to present at FOCIS 2023 annual meeting - Cue Biopharma announced that it will deliver an oral presentation on its Immuno-STAT platform and biologics as well as a poster on the company's bispecific protein, CUE-401, for the treatment of autoimmune and inflammatory diseases at the Federation of Clinical Immunology Societies, FOCIS, 2023 Annual Meeting, being held June 20-23, 2023 in Boston, Massachusetts. Oral Presentation: Title: Immuno-STAT Platform: TCR-selective Engagers for Selective Targeting of IL-2 to Tumor-Specific T Cells. Dr. Quayle will describe the company's CUE-100 series of Immuno-STAT biologics, designed to enable selective targeting of the immunostimulant cytokine interleukin-2 to tumor specific T cells for enhanced efficacy and safety profiles. Proof of concept for this platform has been achieved with clinical data from CUE-101, the company's lead candidate. The data has demonstrated anti-cancer efficacy with a favorable tolerability profile and supports potential registrational paths for both CUE-101 as a monotherapy in third line recurrent/metastatic human papillomavirus 16+ head and neck squamous cell carcinoma, and CUE-101 in combination with KEYTRUDA in first line R/M HPV16+ HNSCC. Additionally, Dr. Quayle will discuss the modularity of the Immuno-STAT platform, which has enabled rapid generation of additional Immuno-STAT candidates targeting other tumor antigens, such as mutated KRAS or Wilms' Tumor 1. Poster Presentation: Title: CUE-401: A Novel IL-2/TGF-beta Fusion Protein for the Induction of CD4+ FOXP3+ Regulatory T Cells. Cue Biopharma's collaborator, Dr. DiPaolo, will discuss in vitro and in vivo data demonstrating the potential of CUE-401, the company's novel bispecific protein designed to induce and expand regulatory T cells for the treatment of T-cell mediated autoimmune and inflammatory diseases.
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ONTX | Hot Stocks08:16 EDT Onconova presents preclinical data on narazaciclib at ICML - Onconova presented preclinical data on narazaciclib at the 17th International Conference on Malignant Lymphoma, which is taking place in Lugano, Switzerland, through June 17, 2023. Data from the Josep Carreras Leukaemia Research Institute expanded on a prior presentation at the recent American Association for Cancer Research Annual Meeting, showing that narazaciclib's antitumor activity against mantle cell lymphoma cell lines was superior to that of the FDA-approved CDK 4/6 inhibitors palbociclib and ribociclib, and similar to that of the FDA-approved CDK 4/6 inhibitor abemaciclib. Combining narazaciclib with the FDA-approved Bruton's tyrosine kinase inhibitor ibrutinib led to synergistic increases in antitumor activity against both ibrutinib-sensitive and ibrutinib-resistant MCL cell lines. In addition, treatment with narazaciclib combined with ibrutinib led to significant inhibition of tumor growth and significant reductions in malignant B cell infiltration into the bone marrow in multiple chicken embryo chorioallantoic membrane xenograft models of MCL. Steven Fruchtman, M.D., President and CEO, commented, "The data being presented at ICML provide further evidence of narazaciclib's potential to combine synergistically with a wide range of therapeutic classes, derived from its ability to inhibit CDK 4, 6, and additional kinases involved in cancer cell survival and metastasis. This differentiated kinase inhibitory profile also confers expansive therapeutic potential across a variety of indications and may enable narazaciclib to overcome the efficacy limitations and safety concerns of currently marketed CDK 4/6 inhibitors. Given ibrutinib is the standard-of-care in mantle cell lymphoma, the preclinical results showing narazaciclib improving antitumor responses in combination represents a promising development that speaks to its potential therapeutic utility in this high unmet need indication. We look forward to discussing our data throughout ICML as we continue to evaluate additional opportunities for clinical studies with narazaciclib and advance our ongoing Phase 1/2a combination trial of narazaciclib plus estrogen blockade in endometrial cancer."
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HOTH | Hot Stocks08:14 EDT Hoth receives approval to proceed with Phase 2a clinical trial of HT-001 - Hoth Therapeutics announced that it has received written approval from the University of Texas MD Anderson Cancer Center Institutional Review Board, or IRB, to proceed with its First-in-Human, or FIH, Phase 2a clinical trial of HT-001 for the treatment of skin toxicities associated with Epidermal Growth Factor Receptor Inhibitors, or EGFRi. This clinical trial is a randomized, placebo-controlled, parallel Phase 2a dose- ranging study to investigate the efficacy, safety, and tolerability of topical HT-001 for the treatment of skin toxicities associated with EGFRi.
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BTDR | Hot Stocks08:14 EDT Bitdeer announces May 2023 operations updates - Bitdeer Technologies Group announced its unaudited mining and operations updates for May 2023. Operations Update: Total managing hash rate, which consists of proprietary hash rate and hosting hash rate, was 18.0 EH/s as of May 31, 2023: Proprietary hash rate was 5.4 EH/s as of May 31, 2023, with 4.0 EH/s allocated to the Company's self-mining business and 1.4 EH/s to its Cloud Hash Rate business. Proprietary hash rate as of May 31, 2023 declined by approximately 0.3 EH/s from 5.7 EH/s as of March 31, 2023, primarily attributable to optimization of the Company's deployed fleet of mining machines through disposal of around 5,000 Antminer 17 Series mining machines that were no longer profitable. Hosting hash rate was 12.6 EH/s as of May 31, 2023. Total deployed fleet was approximately 191,000 ASIC mining machines as of May 31, 2023, including the following: Approximately 62,000 of the Company's own mining machines for its self-mining business and Cloud Hash Rate business; Approximately 129,000 mining machines for the Company's hosting business. Aggregate electricity capacity was 795MW across five mining datacenters as of May 31, 2023. The Company mined 283 Bitcoins in the month of May through its self-mining business.
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HKIT | Hot Stocks08:13 EDT Hitek Global receives government award for Nasdaq listing - Hitek Global received a government reward of RMB 1 million for its listing to the Nasdaq Capital Market on March 31, 2023. This significant recognition highlights the Company's contribution to the local business community.
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AMRX | Hot Stocks08:13 EDT Amneal receives NDA approval from FDA for PEMRYDI RTU injectable - Amneal Pharmaceuticals, announced the 505b2 New Drug Application approval from the U.S. Food and Drug Administration for PEMRYDI RTU . This product is the first and only ready-to-use presentation of pemetrexed for injection and does not require reconstitution, dilution, or refrigeration. This injectable will be available in three vial sizes: 100mg/10mL; 500 mg/50mL; and 1,000mg/100mL. The Company expects to launch this product in the first quarter of 2024 with a J-Code from the Centers for Medicare & Medicaid Services. According to IQVIA, U.S. annual sales for pemetrexed for the 12 months ended March 2023 were $532M. "We believe PEMRYDI RTU, the first ready-to-use version of a key oncology injectable, will offer a meaningful advantage in this improved presentation. By eliminating formulation steps common with other pemetrexed products, we are improving provider efficiencies while reducing the risk for medication errors. This approval represents another high-value product for our growing injectables portfolio which we expect to launch with a J-code for PEMRYDI RTU," said Harsher Singh, SVP of Amneal Biosciences.
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CXW | Hot Stocks08:12 EDT CoreCivic enters into new lease agreement with state of Oklahoma for DCF - CoreCivic announced it has entered into a lease agreement with the Oklahoma Department of Corrections for the company-owned, 1,670-bed Davis Correctional Facility, DCF, which the Company currently operates under a management contract with ODOC that is currently scheduled to expire on June 30, 2023. CoreCivic expects to enter into a 90-day contract extension for the current management contract, after which time operations will transfer from CoreCivic to ODOC in accordance with the new lease agreement. The new lease agreement includes a base term commencing October 1, 2023, with a scheduled expiration date of June 30, 2029, and unlimited two-year renewal options. Terms of the 90-day contract extension are expected to remain consistent with the existing management contract at the DCF. Annual rental revenue generated from the ODOC at the DCF under the new lease agreement will be $7.5 million during the base term and will be reported in the CoreCivic Properties business segment upon lease commencement.
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SBOW | Hot Stocks08:12 EDT Riposte Capital urges SilverBow to take 'decisive action' to unlock value - Riposte Capital, one of the largest shareholders of SilverBow Resources, owning approximately 7.5% of the company's outstanding common stock, sent the following letter to SilverBow's Board of Directors. Riposte was compelled to publicly share the letter following the company's repeated refusal to take simple and decisive actions to unlock shareholder value, including the removal of the industry's only poison pill, which has been widely criticized by the investment community. Notably, the company unilaterally extended its poison pill immediately after its most recent annual meeting, affording shareholders no rationale for the action and no opportunity to vote on the matter. Reference Link
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MOTS | Hot Stocks08:12 EDT Motus GI Holdings showcases Pure-Vu Gen 4 Gastro, Colon System at IECED - Motus GI Holdings announced that the Pure-Vu Gen 4 Gastro and Colon system was featured during the 9th Ecuadorian Institute of Digestive Diseases Live Endoscopy Course 2023 at the Pentax Learning Center, which is considered one of the most important digestive medicine annual events held in the Latin American region with over 1,000 physicians registered. During a live case conducted at the event by Dr. Carlos Robles-Medranda, Head of the Endoscopy Service at the Ecuadorian Institute of Digestive Diseases and Director of the Pentax Training Center Ecuador, the Pure-Vu system was used to support an underwater endoscopic mucosal resection. A UEMR is a polypectomy technique where the colon lumen is filled with distilled water or saline solution instead of air or carbon dioxide as used in a conventional EMR, and resection is then performed without submucosal fluid injection. The Pure-Vu Gen 4 system will have a new mode called "fluid only" that the user can select when needed to support this new use case of UEMR. The Pure-Vu Gen 4 Gastro, which is designed for use in upper gastrointestinal procedures, was also featured in a hands-on demonstration area that allowed several hundred physicians to get experience with this next generation system.
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GTLS | Hot Stocks08:11 EDT Chart, Kathairos expand partnership for methane emission reduction tech - Chart Industries announced the furthering of its partnership and contract with Calgary-based cleantech company, Kathairos, which already included Chart's MicroBulk tanks to now include products such as Orca Delivery Systems. Kathairos has also agreed to extend their contract with Chart for a minimum of two more years. This increase in the scope of our partnership was initiated due to the positive feedback from the market about our combined solution being effective and easy to operate and the resulting rapid adoption and scale rollout of industry leading companies. "In anticipation of pending methane regulations, we expect there to be significant increase in demand for the Kathairos services and we wanted our companies closely aligned in order to meet and exceed the market's needs as they look to decarbonize the oil & gas sector," stated Jill Evanko, CEO of Chart. "Together, we will continue to collaborate to help our customers meet their ambitious methane elimination targets and meaningfully advance their net zero goals."
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IOBT | Hot Stocks08:10 EDT IO Biotech announces achievement of Phase 3 trial recruitment milestone - IO Biotech announced that it has randomized 225 patients in its global Phase 3 clinical trial for IO102-IO103, in combination with KEYTRUDA, Merck's anti-PD-1 therapy, in patients with advanced melanoma. This clinical milestone is significant as the Phase 3 trial protocol calls for an interim analysis of overall response rate one year after 225 patients have been enrolled. Data obtained from this interim analysis, if positive, could allow for submission of a Biologics License Application for an accelerated approval in the United States. Additionally, the company announced that it is increasing the number of patients to be enrolled in the Phase 3 trial to 380 patients, which could potentially accelerate the time to reach the primary end point of progression free survival. If the data are supportive, the PFS endpoint would serve as the basis for submitting marketing applications on a global basis. Mai-Britt Zocca, Ph.D., President and CEO of IO Biotech said, "With the momentum of enrollment building in this trial, we are taking the opportunity to increase the target for full enrollment by 80 patients, which will potentially accelerate the timeline to the primary endpoint of PFS. Even with this increase in target enrollment to 380 patients, we continue to expect to reach full enrollment in this trial by the end of this year and we continue to expect our cash to support our activities through the third quarter of 2024."
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SPRO | Hot Stocks08:10 EDT Spero CEO Ankit Mahadevia to become chairman, Sath Shukla to succeed - Spero Therapeutics announced that Satyavrat "Sath" Shukla, Spero's current CFO and Treasurer, will serve as Spero's President and CEO, and as a member of the Board of Directors, effective August 1, 2023. Shukla will succeed Spero's current CEO and President, Ankit Mahadevia, M.D., who will become Chairman of the Board of Directors, effective August 1, 2023. The current Chairman of the Board, Milind Deshpande, Ph.D., will remain on the Board as an independent director, and current Board member, Patrick Vink, MD., will be appointed Lead Independent Director. Spero has now launched a search for the next CFO to succeed Mr. Shukla. Until this search is completed, the Board has appointed Stephen J. DiPalma as Interim CFO and Treasurer, effective August 1, 2023.
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PDSB | Hot Stocks08:09 EDT PDS announces efficacy threshold achieved for VERSATILE-002 Phase 2 trial - PDS Biotechnology announced the Company achieved the threshold for efficacy as per investigator assessment in Stage 2 of the VERSATILE-002 Phase 2 clinical trial investigating PDS0101 in combination with Merck's anti-PD-1 therapy, KEYTRUDA, for the treatment of unresectable, recurrent or metastatic human papillomavirus 16-positive head and neck cancer. The achievement of full recruitment of 54 patients in the ICI naive arm was announced in May 2023. The threshold for efficacy, as defined in the clinical protocol, was achieved when 14 out of the 54 immune checkpoint inhibitor naive patients enrolled achieved a confirmed objective response. Additional patients in the trial have yet to undergo imaging evaluation. Per RECIST 1.1, the standard to classify oncologic imaging outcomes in clinical trials, patients are considered to have achieved an objective response when imaging studies document tumor shrinkage of 30% or more. In VERSATILE-002, the primary endpoint requires two consecutive scans 9 to 12 weeks apart, rather than one, to be considered a confirmed objective response. Confirmation with two consecutive scans is not required to achieve an objective response in every clinical trial per RECIST 1.1. At the recent 2023 American Society of Clinical Oncology Annual Meeting, the company presented data showing 9 confirmed responses among 34 evaluable patients. Median progression-free survival of 10.4 months was also presented at the 2023 ASCO Annual Meeting along with a 12-month overall survival rate of 87.1% for patients with a CPSgreater than or equal to1. Additional patients have been assessed since data was presented at the 2023 ASCO Annual Meeting. With these additional data, a total of 14 patients have now achieved a confirmed response to date. The achievement of this endpoint suggests an additive effect of PDS0101 over published results with ICI monotherapy and is based on statistical calculations using the appropriate power and alpha. The primary endpoint in the VERSATILE-002 study is the best overall response of confirmed complete response or confirmed partial response per RECIST 1.1. The key secondary endpoints are progression-free survival, OS at 12 and 24 months, safety, and tolerability. The study utilizes a Simon's 2-stage optimum design.
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ALLO | Hot Stocks08:07 EDT Allogene Therapeutics CFO Eric Shcmidt to step down - Allogene Therapeutics announced that its CFO Eric Schmidt, Ph.D., will step down from his position to spend more time with his family on the East Coast. The Company has initiated a search to fill this position. Dr. Schmidt will remain with the Company through August 2, 2023 to support the reporting of second quarter financials and ensure an orderly transition.
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SKWD | Hot Stocks08:06 EDT Skyward Specialty Insurance announces additions of several leaders, talent - Skyward Specialty Insurance announced a significant expansion of its contract and commercial surety capabilities with the addition of several experienced and highly-respected leaders and underwriting talent. Skyward Specialty has recruited Paul Abrams as assistant vice president and Emily Ingram as senior underwriter to drive the development and growth of the Company's existing SBA capabilities. Most recently, Abrams spent five years with Crum and Forester and was previously with Tokio Marine HCC Surety Group. Previously Ingram spent four years at Crum & Forester and also worked at Tokio Marine HCC and USI Midwest. Skyward Specialty also welcomed Michal Rogson as vice president and Sabina Morgenstein as underwriting manager to expand the Company's judicial and fiduciary bond business. Rogson previously spent 16 years at Tokio Marine HCC Surety Group, where she helped establish and build a strong portfolio of judicial and fiduciary bonds. Morgenstein joins the Company with more than 16 years of surety carrier experience and a specialization in court bonds, most recently at Tokio Marine HCC Surety Group.
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AIN | Hot Stocks08:06 EDT Albany International to acquire privately held Heimbach for EUR 153M cash - Albany International announced it has entered into a definitive agreement to acquire privately held Heimbach Group a supplier of paper machine clothing, in an all cash transaction valued at approximately EUR 153M, including the assumption of EUR 21M net debt. The transaction has been unanimously approved by the Albany Board of Directors and Heimbach's shareholders. It is expected to close in the second half of 2023, subject to customary closing conditions and regulatory approvals. Albany will fund the transaction with cash held outside the United States. Headquartered in Duren, Germany, Heimbach is a global supplier of paper machine clothing for the production of all grades of paper and cardboard on all machine types as well as high-tech textile products used in a variety of sectors, such as the food processing, chemicals, construction materials and automotive industries. The Company has approximately 1,200 employees and nine production facilities across Germany, China, Spain, Switzerland, the United Kingdom, Belgium and Italy. Heimbach had 2022 annual revenue of approximately EUR 161M. Enhances Albany's Scale and Geographic Footprint: Heimbach's strength in central European markets is an excellent fit with Albany's northern European presence. Heimbach also brings additional production capacity in Asia, enhancing Albany's ability to serve clients throughout the region.
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ASST | Hot Stocks08:06 EDT Asset Entities reaches agreement with golfer Bryson DeChambeau - Asset Entities has reached an agreement with Bryson DeChambeau, a champion in the golfing world. Mr. DeChambeau will play a pivotal role in consulting with the Company on important initiatives including expanding awareness of the Company's Discord Design, Development, and Management services.
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QSAM | Hot Stocks08:05 EDT QSAM Biosciences adds nuclear reactor at University of Texas to supply chain - QSAM Biosciences announced the qualification and addition of the nuclear reactor at the University of Texas at Austin to its supply chain for the production of Samarium-153, the active radioisotope used in QSAM's therapeutic radiopharmaceutical drug candidate, CycloSam, a potentially groundbreaking treatment for metastatic and primary bone cancer in adults and children. QSAM is actively enrolling patients with metastatic bone cancer in a Phase I clinical trial across four clinical research centers in the United States. The qualification of the nuclear reactor at UT-Austin, QSAM's second qualified reactor, increases the availability of Samarium-153 and provides logistical efficiencies for the production and administration of CycloSam for current and future clinical trials, as well as the commercial supply of CycloSam if ultimately approved by the FDA.
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BWA | Hot Stocks08:03 EDT BorgWarner expects to complete PHINIA spin-off on July 3 - BorgWarner announced that it expects to complete the spin-off of PHINIA at the end of the day on July 3 as outlined in PHINIA's final information statement filing with the Securities and Exchange Commission. PHINIA common stock will be traded on the New York Stock Exchange under the ticker symbol PHIN. The first day of trading is expected to be Wednesday, July 5. In December 2022, BorgWarner announced its intent to spin off the Fuel Systems and Aftermarket segments (later named PHINIA), consistent with its Charging Forward strategy. Both companies held Investor Day events at the New York Stock Exchange on June 6.
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NVEE | Hot Stocks08:02 EDT NV5 Global's Axim awarded prime contract valued up to $900M with NGA - NV5 Global announced that its newly acquired subsidiary, Axim Geospatial, was awarded a prime contract with the National Geospatial-Intelligence Agency under the GEOINT Enterprise Operations Service and Solutions Program with Industry, Core Mission Operations. GEO-SPI B is a seven-year, multi-award contract vehicle valued up to $900 million and focused on delivering trusted geospatial intelligence to NGA's Analysis and Source Directorates. The GEO-SPI B award is Axim Geospatial's largest contract win to date. GEO-SPI B is the follow-on contract to NGA's Multi-Intelligence Analytics and Collection Support Services contract, the largest geospatial staff augmentation program in the agency.
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PXMD | Hot Stocks08:02 EDT PaxMedica submits clinical trial request in Autism Spectrum Disorder - PaxMedica announced that it has submitted a request to the South African Health Products Regulatory Authority, SAHPRA, seeking approval to conduct a double-blind, placebo-controlled study, PAX-ASD-101. This trial will seek to enroll a total of 30 subjects with confirmed ASD, ages 4 to 18, at multiple sites in South Africa. This is the first new clinical trial on the safety, tolerability, and efficacy of suramin since the Company announced the results of its prior Phase II trial in 2021. Enrollment is expected to begin in Q4 2023, following SAHPRA's potential approval later this summer. PaxMedica is also preparing additional submissions for planned PAX-101 trials with other regulatory authorities outside of South Africa in 2023. PaxMedica is in the final stages of scaled manufacturing of the PAX-101 API and drug product to ensure the availability of the drug for clinical trials, registration and validation for both HAT and ASD programs.
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DCFC | Hot Stocks08:02 EDT Tritium, GiddyUp joins forces to launch Sacramento fast charging hub - Tritium DCFC announced that 10 of the company's chargers have been installed at Sacramento's Power Inn light rail station, creating one of the largest universal fast charging hubs in California. Sacramento-based GiddyUp Power EV Charging has financed the purchase and installation of the hub, which was established in partnership with Sacramento Regional Transit, SacRT, and the Sacramento Municipal Utility District, SMUD. The charging site features 10 of Tritium's 175kW RT175-S chargers to provide fast EV charging across 20 parking spaces. "We are thrilled to launch this groundbreaking Sacramento community charging site, addressing the crucial need for equitable access to high-speed charging for both fleets and everyday drivers," said Chris Jerome, Chairman and CEO of GiddyUp. "Tritium's unwavering support and provision of an exceptionally powerful solution, coupled with their unparalleled customer service, have been instrumental in bringing this transformative project to life. With this collaborative effort, we are driving Sacramento towards a future where electric vehicles can be charged rapidly and conveniently, making significant strides towards a cleaner, greener, and more inclusive transportation ecosystem."
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IAS | Hot Stocks08:01 EDT Integral Ad Science expands partnership with TikTok - Integral Ad Science announced a significant expansion with TikTok, bringing its Total Media Quality brand safety and suitability measurement product to advertisers in 23 new markets. This expansion further cements IAS's deep partnership with TikTok and adds to the seven countries where brand safety and suitability measurement went live in October 2022.
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GOOG GOOGL | Hot Stocks07:52 EDT EU says Google breached antitrust rules, sees divestment as remedy - The European Commission has informed Alphabet's Google of its preliminary view that the company breached European Union antitrust rules "by distorting competition in the advertising technology industry." The Commission "takes issue with Google favoring its own online display advertising technology services to the detriment of competing providers of advertising technology services, advertisers and online publishers." The Commission preliminarily finds that, since at least 2014, Google "abused its dominant positions." It added, "The Commission preliminarily finds that, in this particular case, a behavioural remedy is likely to be ineffective to prevent the risk that Google continues such self-preferencing conducts or engages in new ones. Google is active on both sides of the market with its publisher ad server and with its ad buying tools and holds a dominant position on both ends. Furthermore, it operates the largest ad exchange. This leads to a situation of inherent conflicts of interest for Google. The Commission's preliminary view is therefore that only the mandatory divestment by Google of part of its services would address its competition concerns."
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IE | Hot Stocks07:49 EDT Ivanhoe Electric provides update on drilling at Santa Cruz Copper Project - Ivanhoe Electric Executive Chairman Robert Friedland and President and CEO Taylor Melvin are pleased to provide an update on the drilling operations underway at the Santa Cruz Copper Project, located west of Casa Grande, Arizona. Ivanhoe Electric controls private surface land, the patented mineral rights and the associated water rights encompassing the entire Santa Cruz Project. Mr. Friedland commented: "Our hardworking team of women and men have been making steady progress at the Santa Cruz Copper Project, uncovering high-grade copper mineralization in areas that were previously unknown and expanding our technical knowledge in underground areas near conceptual development. We remain on track to deliver an important Initial Assessment of the Project by the end of Q3 2023. This first detailed study will provide us with valuable insights into the economic potential at Santa Cruz, moving us closer to building a modern, underground copper mine in Arizona. By doing so, we are aiming not only to support United States supply chain independence for electric metals but also create quality jobs for Arizonans." The infill and development drilling program continues to characterize key geotechnical, hydrogeological and metallurgical characteristics of the Santa Cruz Deposit. Multi-purpose infill and development drill holes, not previously included in the December 31, 2022, Mineral Resource Estimate, have intersected high-grade copper oxide and chalcocite mineralization, some in areas where copper mineralization was previously undefined. Drill hole SCC-125 targeted definition and expansion of the high-grade Exotic Copper Domain in the current Mineral Resource Estimate and intersected visible atacamite, chrysocolla, and chalcocite mineralization starting at a downhole depth of approximately 586 meters. Drill hole SCC-136, located in the northwestern region of the Santa Cruz Deposit, targeted a mineralized and resource controlling fault, but also intersected visible copper oxide and chalcocite mineralization starting at a downhole depth of approximately 432 meters in an area undefined by previous drilling. These recent intersections continue to demonstrate and provide valuable insights into the extent and consistency of the mineral resource and areas for potential additions. The assay results for drill holes SCC-125 and SCC-136 are pending.
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SRDX | Hot Stocks07:44 EDT Surmodics gets FDA clearance for Pounce Thrombectomy System - Surmodics announced it has received U.S. Food and Drug Administration clearance for its Pounce Thrombectomy System. Introduced in 2021, the Pounce Thrombectomy System is intended for the non-surgical removal of thrombi and emboli from the peripheral arterial vasculature in vessels 3.5 mm to 6 mm in diameter. The Pounce LP Thrombectomy System, a new addition to the Pounce platform, is indicated for use in vessels ranging from 2 mm to 4 mm in diameter, sizes typical of vessels found below the knee. "We are excited to secure FDA clearance for the Pounce LP Thrombectomy System, which will extend the range of treatment for our Pounce platform to include removal of organized thrombotic or embolic occlusions in smaller vessels below the knee," said Gary Maharaj, President and Chief Executive Officer of Surmodics...Surmodics expects to initiate limited market evaluation for the Pounce LP Thrombectomy System by the end of the first quarter of its fiscal 2024 with commercialization planned following completion of the LME.
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NLSP | Hot Stocks07:42 EDT NLS Pharmaceutics announces safety data from in vitro drug interaction studies - NLS Pharmaceutics announced data from five recently completed in vitro drug-drug interaction studies investigating the potential for DDI of mazindol, a triple monoamine reuptake inhibitor and partial orexin-2 agonist, as well as its hydrolyzed metabolite. Typical DDI studies include Cytochrome P450, UDP glucuronosyltransferase and transporter inhibition and induction studies to evaluate whether mazindol affects the pharmacokinetic effect of other drugs. In addition, in vitro studies are conducted with CYP and transporter substrates to evaluate whether other drugs can affect mazindol PK. Following U.S. Food and Drug Administration guidelines, the in vitro DDI studies were designed to evaluate the drug interaction potential across a wide range of metabolic enzymes and transporters when co-administered with mazindol. The mazindol in vitro studies examined the following: CYP Inhibition in Human Liver Microsomes; CYP Induction in Cultured Human Hepatocytes; CYP and UGT Reaction Phenotyping; UGT Inhibition in Human Liver Microsomes; ATP-binding case and solute carrier Transporter Inhibition and Substrate Potential in Cells and Vesicles. Results of the in vitro perpetrator studies showed that mazindol and its hydrolysis metabolite do not have the potential to inhibit or induce the metabolism/transport of concomitant medications. Based on these in vitro data, it can be concluded that mazindol and the hydrolysis metabolite are not inhibitors of CYPs, UGTs, or transporters. Therefore, mazindol does not affect the PK of concomitant medications. Results of the in vitro victim studies showed that mazindol is not metabolized by CYPs or UGTs and is not transported by BCRP, OAT1, OAT3 and OCT2. Only the hydrolysis metabolite is a P-glycoprotein substrate; thus a clinical DDI study of mazindol is planned to quantify the potential for an increase in the hydrolyzed metabolite exposure in the presence of a Pgp inhibitor. Otherwise, concomitant medications are not expected to affect the PK of mazindol. Beginning in July 2023, NLS will initiate the AMAZE development program for Mazindol ER, consisting of two pivotal Phase 3, randomized, double-blind, placebo-controlled, multicenter studies in the U.S. designed to assess the safety and efficacy of mazindol in patients with narcolepsy type 1 compared to placebo. These two studies will enroll a total of 100 NT1 patients. Mazindol ER will be administered at fixed doses of 3 mg once daily for a total of eight weeks. A 52-week open-label extension will further evaluate the long-term safety and tolerability of Mazindol ER in NT1 patients. Topline data from the double-blind studies are expected in late 2024.
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NXST | Hot Stocks07:41 EDT Nexstar stations WPHL-TV, KRON-TV, and WTTA-TV to become CW Network affiliates - Nexstar Media Group announced that its owned and operated television stations in three of the nation's top-15 television markets, including WPHL-TV in Philadelphia , KRON-TV in San Francisco , and WTTA-TV in Tampa , will become affiliates of The CW Network on September 1. All three stations will begin carrying the network's primetime entertainment, live sports, and special event programming at that time. "The addition of these Nexstar-owned stations as affiliates will bring the number of Nexstar and partner-owneCW stations to 40, covering 38% of U.S. TV Households-equivalent to or greater than the local owned and operated station presence of any of the other major network owners," said Andrew Alford, president of Nexstar's broadcasting division. "As The CW's #1 affiliate group, Nexstar is very pleased to be bringing the network's programming to these stations this fall, especially with a new line-up of primetime shows such as 'Inside the NFL,' 'Sullivan's Crossing,' and 'Fboy Island,' and returning hits such as 'All-American,' and 'Walker.' Philadelphia, San Francisco, and Tampa are among the most important television markets in the country and adding The CW's programming to them will offer advertisers a variety of new linear and digital opportunities to reach millions of viewers." One of America's major broadcast networks, The CW reaches 100% of US households and delivers 14 hours of primetime programming per week in addition to sports and other entertainment programming and is the exclusive broadcast home to LIV Golf. The fully ad-supported CW App, with more than 95M downloads to date, is available for free to consumers on all major digital platforms.
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BWV | Hot Stocks07:37 EDT Blue Water Biotech to acquire six FDA-approved drugs for $8.5M - Blue Water Biotech announced the signing of an Asset Purchase Agreement with WraSer and Xspire Pharma for the purchase of six FDA-approved assets across multiple indications, including cardiology, otic infections, and pain management. Under the terms of the Agreement, Blue Water Biotech will purchase the WraSer Assets for a total of $8.5 million cash consideration payable in three tranches: at signing, upon closing and within one year of closing. In addition, WraSer shall receive 1.0 million restricted shares of Blue Water's common stock on the closing date. The closing of the transaction is subject to certain customary closing conditions, as well as WraSer's delivery of 2022 audited financial statements for WraSer's parent company, Legacy-Xspire Holdings, LLC, to Blue Water. Blue Water will assume management of the WraSer Assets during the audit period. The audited financial statements will be publicly filed promptly after completion of the audit. The assets under the Agreement include the patents related to ZONTIVITY, a medication for the reduction of thrombotic cardiovascular events in patients with a history of myocardial infarction or with peripheral arterial disease, as well as additional products for the treatment of hypertension, otitis media, and pain management. ZONTIVITY, a once daily pill approved in 2014, is a first-in-class protease activated receptor-1 inhibitor which mediates the cellular effects of thrombin to reduce the risk of major adverse cardiovascular events and major adverse limb events when used in addition to aspirin and/or clopidogrel in patients with PAD. In a pivotal Phase 3 clinical trial, ZONTIVITY was shown to reduce the rate of a combined endpoint of cardiovascular death, MI, stroke, and urgent coronary revascularization, with 13,186 patients evaluated for safety and 2,187 patients treated with ZONTIVITY for more than three years. This Agreement also includes the purchase of licenses to market and distribute two antibiotic otic products, OTOVEL and CETRAXAL, and their authorized generics currently marketed and distributed by WraSer. OTOVEL, ciprofloxacin and fluocinolone acetonide, is used to treat acute otitis media in children 6 months of age and older who have a tiny cylinder tube, known as a tympanostomy tube, inserted in their eardrum that prevents excess fluid in the middle ear. While tympanostomy tubes are typically placed as a result of multiple ear infections within a short timeframe, they do not prevent AOM, and one study found that over 80% of children had an episode of AOM within 18 months of tympanostomy tube placement. OTOVEL, which contains an antibiotic to treat the infection and an anti-inflammatory to reduce pain and swelling, is the first and only antibiotic and steroid ear drop available in single use vials. In two clinical studies of pediatric patients with AOM with tympanostomy tubes, children who took OTOVEL were clear of otorrhea in a median of 3.75 and 4.94 days, whereas those on antibiotic alone were not clear until a median of 7.69 and 6.83 days. The clinical studies also showed that the combination of medicines in OTOVEL had similar side effects as the separate medicines. Blue Water is currently developing a vaccine to prevent acute otitis media regardless of tympanostomy tube insertion, and the Company intends to leverage this experience and expertise in the future commercialization and marketing for OTOVEL. The second otic product included in the Agreement, CETRAXAL, ciprofloxacin otic solution available in individual unit dosing vials, is used to treat otitis externa, more commonly called swimmer's ear, in children with an intact tympanic membrane. Swimmer's ear is characterized by redness or swelling, irritation, or infection of the outer ear canal and can be very painful if left untreated, primarily impacting children that spend a lot of time in the water. In addition to ZONTIVITY and otic products, Blue Water will purchase the licensed rights to market and distribute CONJUPRI, a calcium channel blocker that can be used alone or in combination with other antihypertensive agents for the treatment of hypertension to lower blood pressure. Lowering blood pressure reduces the risk of fatal and nonfatal cardiovascular events, primarily strokes and MIs. Additionally, Blue Water will purchase two pain medications, TREZIX, for the treatment of moderate to moderately severe pain for which non-opioids are inadequate, and NALFON, for relief of mild to moderate pain in adults, as well as relief of the signs and symptoms related to rheumatoid arthritis and osteoarthritis.
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HCWB | Hot Stocks07:36 EDT HCW Biologics granted U.S. patent for HCW9218 - HCW Biologics was granted U.S. Patent No. 11,672,826 on June 13, 2023, which contains methods of use claims directed to administering the Company's clinical-stage bifunctional immunotherapeutic, HCW9218, to treat cancer, including colorectal cancer, breast cancer, ovarian cancer, hepatocellular carcinoma, gastric cancer, urothelial carcinoma, and melanoma. The patent also includes methods of use claims for killing or reducing the number of senescent cells by administering HCW9218 in subjects with cancer. This patent further strengthens the Company's position as a leader in the emerging field of inflammaging. Dr. Hing Wong, Founder and CEO of HCW Biologics, stated, "This patent supports our commitment to treat diseases driven by chronic inflammation typical of aging and age-related diseases, including cancer. These diseases are promoted by cellular senescence and the proinflammatory factors they secrete, known as SASP factors." He continued, "We believe that HCW9218 has the potential to redefine the approach for treating aging conditions and age-related diseases by alleviating senescence with an immunotherapeutic therapy that rejuvenates the immune system. Aged immune systems can often breakdown and stop operating the way they were intended, and this opens the door to many age-related pathologies."
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CWH | Hot Stocks07:35 EDT Camping World to acquire Van Boxtel RV, terms undisclosed - Camping World announced that it is set to acquire Van Boxtel RV in Green Bay, Wisconsin. The acquisition is anticipated to close in the third quarter of and will increase the company's Wisconsin location count to seven.
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OCTO | Hot Stocks07:33 EDT Eightco's Forever 8, Mobi-hub announces successful launch of joint venture - Eightco announces the successful launch of Mobi-hub Funding, the joint venture between Forever 8 Fund, a subsidiary of Eightco, and Mobi-hub, at the prestigious ITC 2023 Malta. This event, which is known as the EU's leading used and refurbished mobile phone and electronics conference, was the launch platform for showcasing each of Forever 8 and Mobi-hub's innovative solutions and expanding the client base for these two players in the mobile phone and electronics industry. As part of their participation at ITC Malta 2023, Mobi-hub Funding hosted an exclusive, private event that brought together industry leaders, partners and prospective clients. This gathering served as a networking opportunity, creating valuable connections and cultivating future business relationships. The evening was filled with lively discussions, insightful presentations and a glimpse into the future of mobile phone and electronics financing.
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ADBRF | Hot Stocks07:28 EDT Aldebaran Resources closes top-up financing by South32 - Aldebaran Resources completed its previously announced top-up financing with a subsidiary of South32. South32 elected to exercise its anti-dilution rights to maintain a 9.9% equity interest in the Company following the exercise of warrants announced on May 5, 2023. South32 acquired 970,000 common shares at a price of $0.73 per Common Share for total proceeds of $708,100. In accordance with the terms of the Investor Rights Agreement between the Company and South32, the issue price was set at the volume weighted average price of the Common Shares in the five day period preceding the election notice by South32. The Common Shares issued pursuant to this financing will be subject to a four month hold period in accordance with applicable securities laws. Aldebaran intends to use the funds to advance the Altar copper-gold project located in San Juan, Argentina, and for general corporate purposes.
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SGNLF | Hot Stocks07:24 EDT Signal Gold mobilizes second diamond drill at Goldboro - Signal Gold announced that a second diamond drill has been mobilized to the Goldboro Project in Nova Scotia to accelerate a growth exploration drill program with an additional 10,000 meters, in addition to the initial program announced on March 23, 2023, for a total of 12,000 metres. With the discovery of gold mineralization to the west of the Goldboro Deposit and the continuation of an Induced Polarization geophysical survey towards the past producing Dolliver Mountain Gold Mine*, the Company is excited to ramp up its largest growth exploration program to date in order to demonstrate the potential scale of the Goldboro Deposit. The discovery of gold mineralization immediately to the west of the Mineral Resource along the Goldboro Trend demonstrates that the same style of gold mineralization, structure, and host environment as the Goldboro Deposit continues westward, and includes the following previously announced highlight intercepts: 20.59 g/t gold over 3.0 metres in hole BR-23-383 including 113.90 g/t gold over 0.5 metres;9.46 g/t gold over 2.0 metres in hole BR-23-381 including 15.40 g/t gold over 0.5 metres; and 7.29 g/t gold over 2.5 metres in hole BR-23-382. As well as testing along strike of the Goldboro Deposit, the drill program will include drilling of other prospective areas including two parallel geophysical trends north and south of the Deposit. The previously announced and ongoing IP geophysical survey, extending to the west through the Dolliver Mountain Gold Mine area, will provide geophysical characteristics to depths of approximately 250 metres, within range of any further potential open pit mineralization, which will inform the drill program.
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WDOFF | Hot Stocks07:24 EDT Wesdome Gold Mines announces results from drilling program at Eagle River Mine - Wesdome Gold Mines announces results from the ongoing underground exploration drilling program at the Company's wholly-owned Eagle River Mine in Wawa, Ontario. Warwick Morley-Jepson, Board Chair and Interim CEO commented, "These results continue to confirm the geometry and high grades of the 300 East Zone. The objective of drilling this zone is to define a second, higher-grade lens similar to the previously mined 303 Lens that could potentially positively impact gold production. The 303 Lens was mined primarily in 2019 and average muck grade was 46.1 g/t. Additionally, the drilling of the 300 East Zone confirms the continuity of the mineralization at depth, thus suggesting that many other similar zones, such as 808, 811, 818, 711 and 7 East, have this same potential to continue at depth... Meanwhile, we remain focused in 2023 on converting a large, inferred base into indicated and measured resources and subsequently reserves
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AUGX | Hot Stocks07:21 EDT Augmedix extends term loan facility, finalizes terms for line of credit - Augmedix announced that it has amended its existing senior secured term loan facility with Silicon Valley Bank, a division of First Citizens Bank, which may extend the interest only period by as long as 18 months from January 2024 to July 2025, and finalized terms on its previously disclosed equity line of credit with Redmile Group. Combined with the $12 million of new equity from HCA Healthcare, Inc. and Redmile announced in April 2023, these actions bolster the Company's financial strength and enhance its liquidity cushion as it scales the business toward the goal of achieving cash flow sustainability.The equity line of credit with Redmile Group is expected to provide Augmedix, at solely the Company's option, the backstop to raise up to $5 million at $1.60 per share, with access to this facility for approximately the second half of 2024. The availability of the line of credit is subject to a shareholder vote at the Company's annual shareholder meeting, expected to take place in the middle of July 2023. Based upon its operating plans, management does not anticipate utilizing this facility. The extension of the interest only period of the senior secured term loan facility is subject to certain conditions, as set forth in the amendment to the senior secured loan facility, and the availability of the equity line of credit is subject to certain conditions, as set forth in the equity line of credit Securities Purchase Agreement.
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SLSSF | Hot Stocks07:19 EDT Solaris Resources reports new porphyry discovery at Patrimonio - Solaris Resources announces the discovery of a significant new porphyry deposit in the first reconnaissance drill hole at the Patrimonio target, southwest of Warintza Central. Patrimonio represents the sixth porphyry deposit discovered on the Warintza Project in southeastern Ecuador. Jorge Fierro, Vice President, Exploration, commented: "Patrimonio is an exciting, new discovery, unique in terms of the intensity of mineralization and alteration within the Warintza porphyry cluster. Together with the recent discovery of a second and higher-grade porphyry center to the south of Warintza East we now distinguish as Warintza Southeast, the Patrimonio discovery provides strong validation of our exploration approach of systematic soil sampling led by senior geologist, Keller Guerra, that has also identified areas of significantly stronger soil anomalism in the Warintza West and Warintza South areas for future exploration."
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VRNOF | Hot Stocks07:18 EDT Verano Holdings announces launch of On The Rocks - Verano announced the launch of On The Rocks, a line of small-batch solventless extracts hand-crafted to express the purest form and flavor of the cannabis plant. On The Rocks products first launched in Pennsylvania earlier this month, and are now hitting Zen Leaf retail shelves in Illinois. In the second half of 2023, the Company expects to launch On The Rocks in three additional core markets: Arizona, Florida and New Jersey.
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GTBIF | Hot Stocks07:18 EDT Green Thumb Industries to open RISE Dispensary Las Vegas on Nellis - RISE Dispensaries announced that RISE Dispensary Las Vegas on Nellis, the Company's 81st retail location in the nation, will open on June 16th. The new dispensary will hold a grand opening event on July 22nd, where profits from the day will be donated to Opportunity Village. The grand opening will be a part of the Green is Our Genre, RISE Grand Opening Tour, which will stop at every RISE Dispensary in Nevada and include music, exclusive promotions, and local food trucks.
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YY | Hot Stocks07:17 EDT Joyy announces results of repurchase right offer - JOYY announced the results of its previously announced repurchase right offer relating to its 0.750% Convertible Senior Notes due 2025. The repurchase right offer expired at 5:00 p.m., New York City time, on Tuesday, June 13, 2023. Based on information from Citibank, N.A. as the paying agent for the 2025 Notes, US$432,232,000 aggregate principal amount of the 2025 Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate cash purchase price of these 2025 Notes is US$432,232,000. The Company has accepted all of the surrendered 2025 Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders. Following the settlement of the repurchase, no 2025 Note will remain outstanding.
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MFGCF | Hot Stocks07:16 EDT Mayfair Gold announces updated interim mineral resource estimate at Fenn-Gib - Mayfair Gold announced an updated interim mineral resource estimate at the Company's 100% controlled Fenn-Gib Gold Project, located in the Timmins region of Northeast Ontario. Based on assay results from approximately 81% of the Company's ongoing 140,000-meter infill and expansion drill program, the Fenn-Gib Zone deposit now hosts a NI 43-101 open-pit constrained Indicated mineral resource estimate of 3.38 million ounces gold at a grade of 0.93 grams per tonne Au and an Inferred mineral resource of 0.16Moz Au at 0.85 gpt Au. The near-surface Fenn-Gib gold mineralization is broadly disseminated striking east-west on the Pipestone Fault over more than 1.5 kilometers and is over 500m wide at the west end. Mayfair Gold President and CEO Patrick Evans commented: "We are pleased to report both a 16% increase in Indicated resource ounces and an 8% increase in Indicated resource grade. The increase in the Indicated resource ounces reported today comes from a combination of the Expansion Zone in the center of the Fenn-Gib deposit, the footwall mafics in the northern portion of the conceptual pit, the east side of the higher-grade Main Zone, and from the conversion of Inferred to Indicated resource ounces. The Fenn-Gib mineralization remains open for further expansion in most directions, and we are excited about the potential to further increase the resources with the ongoing drill program supported by three drill rigs. Mayfair expects to provide a further updated mineral resource estimate on the Fenn-Gib open-pit deposit in early 2024. Resource drilling on the higher-grade Footwall Zone, located approximately 100m to the northwest of the Fenn-Gib Zone, is ongoing and supported by two drill rigs. Based on results to date, Mayfair expects to report a maiden underground Footwall Zone resource in early 2024." Highlights of the Updated Fenn-Gib Mineral Resource Estimate at 0.40 gpt Au cut-off grade: Fenn-Gib Zone open-pit constrained Indicated resource of 3,382,788 oz at 0.93 gpt Au; Fenn-Gib Zone open-pit constrained Inferred resource of 157,292 oz at 0.85 gpt Au.
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POET | Hot Stocks07:15 EDT Poet Technologies announces availability of POET Infinity - POET Technologies announced alpha sample readiness of "POET Infinity", a chiplet-based transmitter platform for 400G, 800G and 1.6T pluggable transceivers and co-packaged optics solutions. Two lead customers have agreed to partner with POET to test the alpha version of the Infinity chiplet. The POET Infinity chiplet complements the POET 800G 2xFR4 Receiver optical engine that the Company announced in February 2023, and completes the 800G chipset for 2xFR4 QSFP-DD or OSFP applications with two Infinity chiplets and one Receiver optical engine. Both customers intend to develop 800G 2xFR4 QSFP-DD and OSFP transceiver solutions using the POET Optical Engine chipsets. The Infinity chiplet is the industry's first implementation of directly modulated lasers for 100G/lane applications. The development of a production version of the POET Infinity chiplet is on track and POET expects to deliver beta samples by Q4 of 2023 and start production by the first half of 2024. The ethernet transceiver market for 400G and above data rates is projected by Lightcounting to exceed $6 billion by 2028.
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MRCY | Hot Stocks07:14 EDT Mercury Systems hosts U.S. Senator Shaheen at Hudson facility - Mercury Systems on Friday hosted U.S. Sen. Jeanne Shaheen at its Hudson, NH, facility, showcasing the company's technologies and manufacturing capabilities that support critical defense programs across the U.S. and international defense communities. "We were honored to welcome Senator Jeanne Shaheen to our Hudson facility to share the work our dedicated and skilled workforce is doing to accelerate innovation and deliver mission-critical capabilities to our military customers," said Brian Perry, Mercury's Senior Vice President for Mission Systems. "As an industry leader at the intersection of high tech and defense, we deeply appreciate Senator Shaheen's support for national security and her role in keeping New Hampshire at the forefront of advanced technology and economic growth."
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AUVI | Hot Stocks07:13 EDT Applied UV awarded contract for $800,000 for lighting, building controls - Applied UV announces in collaboration with its FORTUNE 500 technology partner, it has been awarded a contract valued at approximately $0.8M. The contract encompasses comprehensive lighting and building controls design for a domestic auto manufacturer's U.S. facility. This contract is a direct result of the Company's investment in providing lighting and building solutions for the revival of large manufacturing facilities in the United States as companies return their manufacturing to the U.S. in an effort to mitigate supply chain challenges in importing goods from China. The project represents a significant milestone for Applied UV and highlights the Company's commitment to providing advanced lighting and building controls solutions in the transportation industry.
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VTYX | Hot Stocks07:12 EDT Ventyx Biosciences initiates dosing in Phase 1 trial of VTX3232 - Ventyx Biosciences announced that the first subject has been dosed in a Phase 1 trial of VTX3232, a novel central nervous system-penetrant NLRP3 inhibitor. The Phase 1 trial of VTX3232 is a two-part, randomized, double-blind, placebo-controlled single ascending dose and multiple ascending dose trial designed to evaluate the safety, tolerability, pharmacokinetics and pharmacodynamics of VTX3232 in adult healthy volunteers. The trial will explore a broad range of doses and will include serial cerebrospinal fluid sampling to assess brain exposure. Topline results from the trial are expected in the first half of 2024. There is a growing body of preclinical data suggesting NLRP3's role as a central driver of neuroinflammation and thus we believe VTX3232 may have therapeutic potential in a range of neuroinflammatory conditions with high unmet medical need, including Parkinson's disease, Alzheimer's disease and amyotrophic lateral sclerosis, among others. In addition to VTX3232, we are also evaluating VTX2735, a peripherally restricted NLRP3 inhibitor, in a Phase 2 proof-of-mechanism trial in patients with familial cold autoinflammatory syndrome. FCAS is the most common subset of cryopyrin-associated periodic syndrome, a group of rare autoinflammatory conditions caused by gain-of-function mutations in the NLRP3 gene. Beyond CAPS, we believe VTX2735 may have therapeutic potential across a broad range of chronic inflammatory conditions that are characterized by NLRP3-induced excess IL-1beta, including large dermatologic, rheumatic and cardiovascular disease.
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NRIX | Hot Stocks07:12 EDT Nurix Therapeutics presents data on NX-5948, NX-2127 - Nurix Therapeutics announced the presentation of clinical and preclinical data from its targeted protein degradation programs, NX-5948 and NX-2127, which are being evaluated in ongoing Phase 1 clinical trials in patients with relapsed/refractory B cell malignancies. These data are being presented at the 17th International Conference on Malignant Lymphoma, ICML. Details of the ICML Presentations: A poster presentation titled "Proof of concept of NX-2127, a first-in-class Bruton's Tyrosine Kinase dual-targeted protein degrader with immunomodulatory activity, in patients with DLBCL" disclosed updated safety and pharmacodynamic data from patients treated in the ongoing Phase 1 study of NX-2127. One patient, who entered the study with Stage IV DLBCL having received and failed four prior lines of systemic therapy, was treated at the 300mg once daily dose of NX-2127 and experienced a complete response at the first assessment, which was confirmed at week 16 and maintained through week 24. A second patient treated at the lower dose of 100mg of NX-2127, also with four prior lines of systemic therapy for DLBCL, experienced stable disease followed by progressive disease. A second poster presentation titled "Robust Bruton's tyrosine kinase degradation with NX-5948, an oral BTK degrader, in a first-in-human phase 1a trial in patients with relapsed/refractory B cell malignancies" disclosed initial demographics and pharmacokinetic/pharmacodynamic data as of December 1, 2022, from the first seven patients enrolled in the ongoing Phase 1a trial in patients with relapsed or refractory B cell malignancies. The data suggest that NX-5948 exhibits dose-proportional pharmacokinetics, with rapid absorption and a half-life that supports daily dosing, as well as exposures that increase with dose. NX-5948 resulted in rapid, robust, and sustained BTK degradation in all patients dosed, regardless of their absolute BTK starting level or tumor type. A third poster presentation titled "BTK degradation as a novel therapeutic strategy in relapsed CNS lymphoma: Preclinical proof of concept studies in intracranial patient-derived model" describes preclinical results demonstrating the potential utility of NX-5948 in addressing the unmet need in patients with CNS lymphoma, which could include both primary and secondary CNS lymphoma. In this study the pharmacodynamic activity of NX-5948 was evaluated in an intracranial model of CNS lymphoma using patient-derived SC1 cells. Oral administration of NX-5948 in mice bearing established intracranial SC1 tumors yielded 98% degradation of BTK in SC1 lymphoma cells isolated six hours after NX-5948 dosing, as quantified by immunoblot analysis. Taken together, these preclinical results support the rationale for including patients with CNS lymphoma in the ongoing Phase 1 study of NX-5948. A fourth poster presentation titled "Drug-resistance mutations in BTK occur in distinct enzymatic classes and are overcome by BTK degradation." The presentation highlights the discovery that Nurix's BTK degraders are capable of overcoming treatment-emergent BTK inhibitor resistance mutations. In the presentation, five different clinically emergent BTK resistance mutations were analyzed and categorized as kinase proficient, kinase deficient, or kinase dead, each conferring a different spectrum of resistance to available therapies. NX-2127 was found to be broadly active against each of these mutations. These findings translated into clinically meaningful BTK degradation in the Phase 1 clinical trial and clinical activity independent of baseline BTK mutations.
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PMETF | Hot Stocks07:11 EDT Patriot Battery Metals announces core assays for 2023 winter drill program - Patriot Battery Metals announced core assays for the next series of drill holes completed as part of the 2023 winter drill program, which recently concluded at its wholly owned Corvette Property, located in the Eeyou Istchee James Bay region of Quebec. The winter phase of the 2023 drill campaign was focused on the CV5 Pegmatite, located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure. Core assays, for the drill holes reported herein, cover the CV5 Pegmatite's recently defined eastward extension, the high-grade Nova Zone and the recently defined westward extension. Drill hole CV23-148 targeted the Nova Zone and returned a wide and high-grade intercept of 95.3 m at 1.62% Li2O, including 47.6 m at 2.09% Li2O or 4.1 m at 4.44% Li2O. The high-grade result affirms the interpretation that the Nova Zone extends continuously over a strike length of at least 1.1 km - from drill holes CV23-132 to 108. Strong grades and widths were returned in drilling over the recently defined westward extension, highlighted by drill hole CV23-160A, which returned 127.7 m at 1.78% Li2O, including 50.1 m at 2.43% Li2O. Other drill holes in this area, with assays reported herein, include CV23-172, CV23-182, and CV23-187. Additionally, drill hole CV23-174, located proximal to the westward extension, returned a strong intercept of 44.2 m at 0.99% Li2O, including 15.3 m at 2.58% Li2O. Drill core sample assays for two holes remain to be reported over the westward extension area of the CV5 Pegmatite. This includes a continuous 93 m interval of dominantly spodumene-bearing pegmatite in the most westerly drill hole completed through the end of the winter program, and a continuous 139 m interval of dominantly spodumene-bearing pegmatite in the final drill hole of the 2023 winter program. Assay results for holes reported herein over the far eastern portion of CV5, as is currently defined, returned variable grades and widths of lithium mineralized pegmatite. Results include 51.2 m at 0.59% Li2O, including 10.1 m at 0.87% Li2O and 9.3 m at 0.91% Li2O, and 27.5 m at 0.40% Li2O, including 3.2 m at 2.22% Li2O. Internal fractionation commonly leads to lower-grade pegmatite being immediately adjacent to higher-grade pegmatite. Considering the wide and continuous widths of pegmatite in these holes, at 49.9 m and 27.5 m, respectively, the grades returned are very encouraging with respect to the potential for additional and proximal higher-grade zones to be present. The pegmatite in this area remains open up-dip, down-dip, and along strike eastwardly. Through the 2023 winter drill program, the CV5 Pegmatite has been traced continuously by drilling as a principally continuous spodumene-mineralized body over a lateral distance of at least 3.7 km and remains open along strike at both ends and to depth along most of its length.
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PLUG | Hot Stocks07:06 EDT Plug Power, Avina partner to decarbonize commercial trucking - Plug Power will deliver containerized proton exchange membrane electrolyzer systems to Avina Clean Hydrogen Inc. for a green hydrogen production facility that will serve the commercial mobility sector in southern California. Plug's electrolyzers will support the first hydrogen production facility for heavy-duty trucks in Southern California. Plug has a right of first refusal to supply electrolyzers for Avina's next hydrogen production facility. To help California reach its ambitious climate goals of slashing greenhouse gas emissions 85 percent by 2045, Avina will work with fleet operators and refueling station providers to provide green hydrogen supplied by Plug's electrolyzers. Each of Plug's electrolyzer units will enable Avina to produce up to two metric tons per day of green hydrogen, or 730 metric tons annually. Plug's 5 MW turnkey electrolyzer is the largest available outdoor solution with the smallest footprint in the market, making it easier and more affordable to install than other solutions.
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PLUG | Hot Stocks07:05 EDT Plug Power to supply Blue EnerFreeze with green hydrogen, fuel cell solutions - Plug Power will supply Blue EnerFreeze, the energy subsidiary of STEF, with a complete green hydrogen ecosystem across two distribution centers, before potentially expanding further into their network of over 100 sites. One of the distribution centers is close to Paris, France and the other is close to Madrid, Spain. Temperatures in STEF's chilled and frozen food storage warehouses can plunge to negative 30 degrees Celsius, in worst cases. Under these conditions, lead acid battery-powered forklifts lose their charge quickly. Meanwhile, hydrogen fuel cells display superior performance in cold storage environments, offering higher asset utilization and increased levels of autonomy in demanding, typically multi-shift, mobility applications. The transition from lead-acid batteries to Plug's hydrogen fuel cells will potentially improve STEF's forklift labor productivity due to maximum power over an entire shift. Battery-powered lift trucks lose approximately 14% of their speed over the last half of the battery charge. Unique to cold storage applications the switch to fuel cells allows operators to stay productive longer. This also means that lift truck operators can continue working in the cold storage facility for a full shift strengthening their comfort and avoiding changing of the batteries.
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ACB | Hot Stocks07:05 EDT Aurora Cannabis sees 1Q24 cannabis net revenue 'similar' to 3Q23 - "The company expects cannabis net revenue for fiscal Q1 2024 to be largely similar to fiscal Q3 2023, with the geographical mix slightly weighted towards the international medical segment. For plant propagation, we expect to see a seasonally strong quarter as we reach our peak selling period. Furthermore, the company expects Adjusted Gross Margins to be consistent with fiscal Q3 2023 and expects to maintain our stated objective of a quarterly SG&A expense run rate below $30 million."
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TLRY | Hot Stocks07:04 EDT Tilray expands beer portfolio, launches Good Supply Beer - Tilray Brands announced the launch of Good Supply Beer, a new light beer brand and premium lager. Good Supply beer is now available year-round in 16-ounce cans across Georgia, Connecticut, and New York with added distribution rolling out this summer. Ty Gilmore, President, U.S. Beer, Tilray Brands, said, "...Good Supply is uniquely positioned to offer a competitively priced and delicious light beer crafted with premium ingredients and brewing techniques."
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PLUG | Hot Stocks07:03 EDT Plug Power introduces portable hydrogen refueler, signs three customers - Plug introduced the HL 1500, the market's first portable hydrogen refueler, designed to reduce infrastructure costs and deployment time for medium-duty and heavy-duty hydrogen-powered commercial vehicles. A complete self-contained fueling station "on wheels," the HL 1500 offers fleet managers a pathway to pilot deployment and a bridge to future permanent infrastructure. Pre-built in a factory, the HL 1500 meets all industry quality and safety standards and requirements upon delivery, making permitting and deployment easier. The HL 1500 refuels commercial vehicles with hydrogen as quickly as diesel or other fossil fuels and can be flexibly redeployed to multiple locations. With a refueling capacity of 1,500 kilograms, it dispenses liquid hydrogen at 350 Bar or 750 Bar pressure levels. Plug has seen immediate demand for the HL 1500 from major transit agencies, including Rochester Genesee Transit and San Mateo County Transit District. By the end of this year, three transit customers will receive the first shipments.
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MT | Hot Stocks07:03 EDT ArcelorMittal, John Cockerill to develop low temp iron electrolysis plant - ArcelorMittal and John Cockerill announce plans to construct the world's first industrial-scale low temperature, temp, iron electrolysis plant. The Volteron plant, which in a first phase will produce between 40,000 and 80,000 tonnes a year of iron plates, is targeted to start production in 2027. Once the technology has been proven at this scale, the intention is to increase the plant's annual capacity to between 300,000 and 1 million tonnes. ArcelorMittal and John Cockerill have been working together on an innovative electrochemical process to transform iron oxide into iron plates for the last few years. Commenting, Brad Davey, EVP and head of corporate business optimisation, ArcelorMittal, said: "It is a significant moment for ArcelorMittal, and for the global steel industry. Direct electrolysis is a disruptive, breakthrough technology. Although the technology needs to mature, it could revolutionise how steel is made, removing carbon entirely from steelmaking. We intend to be pioneers in that process."
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PLUG | Hot Stocks07:02 EDT Plug Power hosts Analyst Day to showcase revenue opportunities - Plug Power will host Analyst Day from its Gigafactory in Rochester, NY. During Analyst Day, Plug's management team will present the exciting revenue growth opportunities in the Applications and Energy business units, as well as provide a financial update. The team will also provide valuable insights into the operational scale of Plug's manufacturing facilities, including the Rochester gigafactory and Vista manufacturing facility, to showcase the company's ability to deliver innovative and sustainable hydrogen solutions at scale. This event marks the first time Plug Power has opened its Rochester gigafactory doors to invited guests since the Symposium held in October 2022. During Analyst Day, Plug will also highlight a path to 2030 leveraging today's growth. The company's ambition is to produce more than 2,000 tons of hydrogen per day from its green hydrogen network including its first kiloton-scale plant by 2030. Also, by 2030, Plug aspires to deploy one gigawatt of stationary power products, ship five GW of electrolyzers per year, and deliver 500,000 fuel cell-powered forklift trucks. In addition, Plug is positioning itself to have the manufacturing capability to support 10 GW of fuel cells and electrolyzers and, through its partnership with Renault, to have 100,000 HyVia vans on the road by 2030.
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TSVT | Hot Stocks07:02 EDT 2seventy Bio announces pause in SC-DARIC33 trial due to fatal SAE - 2seventy Bio announced that the Phase 1 trial of the PLAT-08 study of SC-DARIC33 in Acute Myeloid Leukemia, or AML, has been paused by Seattle Children's, the company's partner and the regulatory sponsor of the study. The pause was instituted as part of the clinical study protocol stopping rules in response to a recent fatal serious adverse event, or SAE, and was followed by the required notification to the FDA. The root cause of this SAE and its potential relationship to the study drug is currently under investigation. PLAT-08 is the Phase 1 study of SC-DARIC33 in relapsed/refractory pediatric AML, conducted by Seattle Children's, and couples 2seventy bio's DARIC T cell platform with Seattle Children's expertise in oncology cell therapies. This study is a first-in-human investigation of the DARIC T cell platform. The SAE occurred in the first patient treated at the second dose level in the Phase 1 trial.
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PACB | Hot Stocks07:02 EDT PacBio announces research study with Radboudumc to explore rare genetic diseases - PacBio announced a clinical research study with Radboud University Medical Center, or Radboudumc, to explore genetic causes of rare and genetic diseases. Together with Radboud's Department of Human Genetics, which is one of the largest academic centers for human genetics in Europe, PacBio aims to uncover genetic origins of rare and genetic diseases. The study will also explore the feasibility and cost effectiveness of using PacBio's HiFi sequencing technology as part of routine clinical use. Radboudumc scientists are taking on the challenge of solving some of the most puzzling cases of undiagnosed rare diseases using PacBio's HiFi long-read sequencing technology for whole genome sequencing, or WGS. Despite having undergone all standard-of-care methods, including short-read sequencing, these individuals still need answers. By studying the potential consolidation of standard molecular tests into a clinical workflow with PacBio HiFi WGS, the project aims to explore PacBio's technology as a potential first-line assay, which could pave the way for a more efficient and effective diagnostic process in the future. The comprehensiveness of HiFi genomes was also shown in a pilot study for this collaboration that was just published in the journal of Genome Medicine.
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EGRX | Hot Stocks06:53 EDT Eagle granted QIDP designation for CAL02 by FDA - Eagle Pharmaceuticals announced that the FDA has granted Qualified Infectious Disease Product, or QIDP, Designation under the Generating Antibiotic Incentives Now, or GAIN, Act and Fast Track Designation for CAL02, a first-in-class non-biological bacterial virulence neutralizer, anti-infective agent being developed to treat severe community-acquired bacterial pneumonia, or SCABP, as an add-on therapy to standard of care. "Receiving QIDP designation underscores the importance of CAL02 for potentially treating SCABP, and the Fast Track Designation allows us to work even closer with the FDA to bring patients a new treatment option sooner as we would also be eligible to request Priority Review for our application. Antibiotics alone, unfortunately, cannot win the war against pneumonia. CAL02 would serve as an add-on to standard of care antibiotic therapy for the prompt treatment of severe bacterial pneumonia and its devastating consequences," stated Scott Tarriff, President and CEO. Eagle believes that CAL02 could also be eligible for breakthrough therapy designation. Eagle is also further developing the patent estate to protect the intellectual property resulting from the development of this novel, first-in-class therapy. CAL02 is currently protected by issued U.S. Patent No.10,744,089, which extends until September 2035, and may be eligible for Patent Term Extension for up to five years until 2040. SCABP is a worldwide prevalent infectious disease associated with high morbidity and mortality, despite the availability of vaccines, effective antibiotic regimens, and state-of-the-art critical care therapy.
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CTM | Hot Stocks06:46 EDT Castellum increases targeted cost reductions to $8.2M - Castellum announces that it has increased its targeted cost reductions to $8.2M the previously announced $6M per year in cash and non-cash indirect costs, general and administrative costs, and overhead costs. The Company has started to make some of the planned cuts and expects to make the remaining changes over the next 45 days to improve the profitability of the Company. "We have been able to identify $8.2 million of annualized cost reductions, roughly half cash and the other half non-cash from our prior baseline," said Mark Fuller, President, and Chief Executive Officer of Castellum. "We do not expect any of these changes to affect our business development or operating activities and, therefore, they should lead to significantly improved profitability in Q3 of this year. We will continue to pursue accretive acquisitions and invest in organic growth but from a better baseline operating performance." Castellum also notes that its stock price has closed below $1.00 per share for 30 consecutive trading days as of the close of business on June 13.
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TRU | Hot Stocks06:46 EDT TransUnion announces strategic partnership with Truework - TransUnion announced a strategic partnership with Truework, a leading provider of verification of income and employment services in the U.S. Truework provides a comprehensive and efficient one-stop platform for VOIE information while also giving consumers greater control of their personal and financial information. This strategic partnership follows a strategic minority investment TransUnion made in Truework earlier this year. Together, Truework and TransUnion intend to provide comprehensive income verification coverage with robust credit data. This will give verifiers an up-to-date view of consumers, enabling better insights and more efficient decision making.
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GIB | Hot Stocks06:35 EDT CGI Inc. awarded EUR 10M to continue developing FLPIS - CGI has been selected by the Finnish Food Authority to continue developing and maintaining the Finnish Land Parcel Identification System, or FLPIS, which supports the calculation of national and European Union farm subsidies paid by the Finnish Food Authority. Under this new agreement, CGI will deliver satellite imagery, artificial intelligence, or AI, and cloud computing technologies to help the Authority improve the performance of FLPIS through advanced farmland monitoring and data processing across Finland. The contract is valued at approximately EUR 10M.
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HUT | Hot Stocks06:33 EDT Hut 8 Mining signs agreement with Interior Health - Hut 8 Mining has signed an agreement with Interior Health, trusted health authority that delivers public health, hospital care, long-term care, community-based and primary health care services to people across southern British Columbia, to support their operations by delivering safe, secure, and reliable colocation services from the company's flagship Kelowna data center through 2028.
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AAPL | Hot Stocks06:31 EDT Apple's REJI surpasses $200M in investments - Apple announced its Racial Equity and Justice Initiative, a long-term global effort to advance equity and expand opportunities for Black, Hispanic/Latinx, and Indigenous communities, has more than doubled its initial financial commitment to total more than $200M over the last three years. Since launching REJI in June 2020, Apple has supported education, economic empowerment, and criminal justice reform work across the U.S., with recent expansion to Australia, the U.K., and Mexico.
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SHEL | Hot Stocks06:27 EDT Shell updates strategy to deliver shareholder returns, create less emissions - Shell will update investors on its strategy to create more value with less emissions, and deliver increased shareholder returns through a balanced energy transition. "We are investing to provide the secure energy customers need today and for a long time to come, while transforming Shell to win in a low-carbon future," said Shell Chief Executive Officer, Wael Sawan. An enhanced focus on performance and stronger capital and cost discipline will underpin higher shareholder distributions of 30-40% of CFFO through the cycle, compared with 20-30% previously, through a combination of dividends and share buybacks. Shell will raise the dividend per share by an expected 15%, effective from the second quarter 2023 interim dividend, payable in September, and commence share buybacks of at least $5 billion for the second half of 2023, subject to Board approval. Shell also confirms it will: Grow its leading Integrated Gas business and maintain leadership in the global liquefied natural gas market; Extend its advantaged position in Upstream to achieve cash flow longevity by stabilising liquids production to 2030; Leverage its brand, customer relationships, and trading strengths. Shell will: Strengthen the performance of its Marketing business, while building leading positions in low-carbon fuels and electric vehicle charging; Invest in hydrogen and carbon capture and storage; Repurpose its Energy and Chemicals Parks footprint to offer more low-carbon solutions to its customers while undertaking a strategic review of its Energy and Chemicals Park assets on Bukom and Jurong Island in Singapore, and further high-grading its European footprint; Selectively invest in Power. Shell is making good progress towards its target to become a net-zero emissions energy business by 2050. Shell will continue to make progress by: Aiming to achieve near-zero methane emissions by 2030 and to eliminate routine flaring from its Upstream operations by 2025, moving faster than the World Bank's Zero Routine Flaring 2030 initiative; Planning to invest $10-15 billion across 2023 to 2025 to support the development of low-carbon energy solutions including biofuels, hydrogen, electric vehicle charging and CCS. "We need to continue to create profitable business models that can be scaled at pace to truly impact the decarbonization of the global energy system. We will invest in the models that work - those with the highest returns that play to our strengths," said Sawan.
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UTHR | Hot Stocks06:13 EDT United Therapeutics unveils new net zero energy distribution center - United Therapeutics, yesterday, unveiled its new net zero energy distribution center located on the company's co-headquarters campus in Research Triangle Park, North Carolina. Dubbed "Phase Five," the new building is the second site net zero building on the company's Research Triangle Park Campus, and the fifth overall in its sustainable portfolio. It is poised to support United Therapeutics' near-term growth objective of doubling its revenue run rate to $4B annually by the middle of this decade.
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MAXN SSNLF | Hot Stocks06:09 EDT Maxeon Solar announces collaboration with Samsung - Maxeon Solar (MAXN) announced a collaboration with Samsung (SSNLF) to integrate Maxeon's SunPower One residential energy solution within SmartThings' connected home platform. This integration is intended to enable homeowners to increase their energy independence, save money, and contribute to a cleaner environment.
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SGE | Hot Stocks06:05 EDT Strong Global Entertainment subsidiary expands agreement with Lemmens - Strong Global Entertainment announced that its subsidiary STRONG/MDI Screen Systems, cinema screens manufacturer, has extended and expanded its cooperative agreement with Lemmens, located in Sprimont, Belgium, to facilitate expedited screen shipments for cinema industry customers in Europe and the Middle East. The new agreement expands STRONG/MDI and Lemmens previous relationship to now include ex-works services in addition to the continued utilization of Lemmens' modern high-tech plant to facilitate quick-ship screen deliveries to cinema operators requiring urgent screen deliveries. With the STRONG/MDI-Lemmens' quick ship program, customers can receive shipments in in less than ten days.
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ATIP | Hot Stocks06:04 EDT ATI Physical Therapy announces one-for-fifty reverse stock split - ATI Physical Therapy announced that its board of directors has approved a one-for-fifty reverse stock split of ATI's Class A common stock, par value $0.0001 per share. The reverse stock split was approved by ATI's stockholders at a meeting of stockholders held virtually on June 13. The reverse stock split will become effective at 4:01 p.m. Eastern Time on June 14 and the Class A Common Stock will open for trading on The New York Stock Exchange on a reverse split-adjusted basis on June 15 under the existing trading symbol. The reverse stock split is intended to increase the market price per share of the company's Class A Common Stock to regain compliance with the minimum bid continued listing requirement of the NYSE.
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LNVGY | Hot Stocks06:03 EDT Lenovo to invest $1B over three years to accelerate AI deployment - Lenovo announced it has reached record annual AI infrastructure revenue of over $2B and unveiled the next phase of its growth strategy, with an additional $1B investment over three years to accelerate artificial intelligence deployment for businesses around the world. Fueled by increased global digitalization and demand for IT infrastructure upgrades, Lenovo is simplifying the often-complex implementation of new AI capabilities by delivering AI to the source of data and harnessing its vast network of best-in-class partners to build next-generation turnkey solutions that enable computing intelligence directly at the edge. The investment will further expand the company's industry-leading AI-ready portfolio of smart devices, infrastructure solutions and services to help accelerate innovation, enabling the use of generative AI and delivering cognitive decisions at scale throughout remote locations across financial, manufacturing, healthcare, retail and smart city applications. As part of the additional investment, Lenovo is committing $100M to grow the Lenovo AI Innovators program, which has delivered a record 150+ cutting edge AI solutions created with 45 leading ISV partners in the program's first year. Leveraging the AI Innovators end-to-end ecosystem, the new solutions are bringing AI from the lab to scale and enabling the dramatic technology shifts underway within high-growth sectors. With the new solutions, customers can more rapidly deploy and leverage cutting-edge AI capabilities, like generative AI, computer vision, voice AI and virtual assistants.
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GCT | Hot Stocks06:01 EDT GigaCloud approves $25M share repurchase program - GigaCloud Technology announced that its board of directors has approved a share repurchase program to repurchase up to $25.0M of its Class A ordinary shares, par value 5c, over the next 12 months. Under the share repurchase program, the Company may purchase its ordinary shares through various means, including open market transactions, privately negotiated transactions, block trades, any combination thereof or other legally permissible means. The Company plans to fund repurchases from its existing cash balance.
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MT LNZA | Hot Stocks05:18 EDT ArcelorMittal, LanzaTech announce first ethanol samples from Belgium facility - ArcelorMittal (MT) and LanzaTech (LNZA) announced a next step toward full operation of ArcelorMittal's commercial flagship carbon capture and utilization, or CCU, facility in Ghent, Belgium. This week saw new progress toward full operation of a commercial scale facility that will capture carbon-rich waste gases from steelmaking and biologically convert them into advanced ethanol through LanzaTech's bio-based process. Unlike traditional fermentation, the process ferments gases instead of sugars and uses a biocatalyst instead of yeast. The facility was inaugurated in December 2022, with cold commissioning taking place thereafter. The biocatalyst has now been introduced into the facility to begin growth and verify production of new molecules. In May, the first gases from the steel mill's blast furnace were safely introduced to LanzaTech's biocatalyst. After a successful inoculation, initial samples that contained ethanol were produced this week, demonstrating that the carbon in the gases is being converted into new chemical products. Commercial-scale ethanol production from the bioreactors will follow, with expected ramp up of production in the coming months. The Steelanol plant has the annual capacity to produce 80M liters of advanced ethanol, around half of the total current demand in Belgium. It expects to reduce carbon emissions from the Ghent plant by 125,000 tons annually, thereby advancing the EU's 2030 Climate Target Plan to reduce greenhouse gas emissions by 55% by the end of the decade. Project partners include Primetals Technologies and E4tech with support from CINEA, the European Climate, Infrastructure and Environment Executive Agency.
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NEXT TTE | Hot Stocks05:12 EDT NextDecade enters pact with TotalEnergies, GIP to support Rio Grande LNG project - NextDecade (NEXT) announced that it has entered into framework agreements with Global Infrastructure Partners, or GIP, and TotalEnergies (TTE) to enable the final investment decision, or FID, for the Rio Grande LNG project Trains 1, 2 and 3 and to provide momentum for the further development of RGLNG Train 4 and Train 5. NextDecade, GIP and TotalEnergies have entered into framework agreements whereby GIP would become a majority investor in Phase 1, and TotalEnergies would become a 16.67% investor, both subject to execution of definitive documentation and FID. The agreements are expected to further provide GIP and TotalEnergies options to invest in RGLNG Train 4 and Train 5 and options to invest in the planned carbon capture and sequestration, or CCS, project at RGLNG. In addition, TotalEnergies has agreed to purchase 5.4M tons per annum of LNG from Phase 1 for 20 years on a free on board basis indexed to Henry Hub and has options to purchase LNG from Train 4 and Train 5. TotalEnergies has also agreed to acquire in three tranches a 17.5% common stock position in NextDecade for an aggregate purchase price of $219.4M. The first tranche of $40M of NextDecade common stock was issued and sold today at $4.9837 per share. The second tranche of $110M will be issued and sold at the same price after FID on Phase 1. The third tranche will be issued and sold in an amount such that the combined stock purchases equal 17.5% of the outstanding common stock of NextDecade after the closing of the third tranche. The issuance and sale of the common stock in the third tranche will be conditioned on the approval of NextDecade shareholders. Based on current estimates, NextDecade expects to sell approximately 45.1M shares of common stock in the aggregate to TotalEnergies at an average price per share of approximately $4.86.
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