Stockwinners Market Radar for July 06, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TSLA | Hot Stocks20:46 EDT Tesla exec sells $691K in common stock - In a regulatory filing, Tesla disclosed that its SVP of Automotive, Xiaotong Zhu, sold 2.6K shares of common stock on July 3rd in a total transaction size of $691K.
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HOOD | Hot Stocks20:20 EDT Cathie Wood's ARK Investment bought 65.6K shares of Robinhood today
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VERV | Hot Stocks20:19 EDT Cathie Wood's ARK Investment bought 96.3K shares of Verve Therapeutics today
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ZS | Hot Stocks18:51 EDT Zscaler COO sells $3.1M in common stock - In a regulatory filing, Zscaler disclosed that its COO Dali Rajic sold 22K shares of common stock on July 6th in a total transaction size of $3.1M.
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MRCY | Hot Stocks18:16 EDT Mercury Systems announces Bill Ballhaus assumes chairman role, board reduction - Mercury Systems announced a continuation of recent actions by the board of directors through board leadership changes and the appointment of an additional independent director. Bill Ballhaus, Mercury's interim president and CEO, will assume the role of chairman of the board, effective immediately prior to the annual meeting of shareholders. As previously announced, William O'Brien, the board's current chairman, will retire at that time. Mary Louise Krakauer has decided to retire from the board, effective immediately prior to the annual meeting and as a consequence, Howard Lance will assume the position of chair of the human capital and compensation committee at that time. Consistent with the board's ongoing commitment to refreshment, it has appointed Scott Ostfeld as a Class II director, effective immediately upon conclusion of customary onboarding. As a result of these changes, the board has approved a reduction by two seats to the board that will be effective immediately prior to the annual meeting. As of the annual meeting, the board will be comprised of nine directors, five of whom will have been appointed to the board in the past two years.
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PLTR | Hot Stocks17:57 EDT Palantir director Moore sells over 37K shares of company stock - Director of Palantir Technologies Alexander Moore disclosed the sale of 37,076 shares of company stock at $15.38 per share on July 3, for a total transaction amount of $570,170.
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QTRX | Hot Stocks17:38 EDT Quanterix launches LucentAD biomarker blood test for AD patients - Quanterix "announced it has launched LucentAD, a test to assist in the evaluation of patients experiencing cognitive symptoms consistent with the early signs of Alzheimer's disease, or AD. The LucentAD test, which will be available to healthcare providers as an aid in conjunction with other diagnostic tools, provides clinicians with a simplified process to quickly assess the likelihood of a patient having amyloid pathology consistent with AD. This information will help healthcare providers determine appropriate follow up and treatment planning for a suspected Alzheimer's patient."
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LGIH | Hot Stocks17:35 EDT LGI Homes reports 664 home closings in June - LGI Homes "announced it closed 664 homes in June 2023. In addition, the Company announced quarterly home closings of 1,854 during the second quarter of 2023. As of June 30, 2023, the Company had 102 active selling communities."
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MNK | Hot Stocks17:35 EDT Mallinckrodt board actively evaluating capital needs amid opiod settlement - As previously disclosed, the Board of Directors of Mallinckrodt s engaged in discussions with various stakeholders, including parties holding substantial positions across the Company's capital structure and representatives of the Opioid Master Disbursement Trust II . The Board is actively evaluating the Company's capital needs in light of its obligations under its opioid settlement and its long-term debt, and is considering options, including transactions that have been proposed by holders of various series of the Company's indebtedness and other Company stakeholders, as well as the viewpoints of various parties in interest. As previously disclosed, in connection with these ongoing discussions, on June 15, the Company, certain subsidiaries of the Company and the Trust entered into Amendment to that certain Opioid Deferred Cash Payments Agreement, dated as of June 16, among the Parties which extended to June 23 from June 16, the date on which a $200M payment is required to be made to the Trust. As previously disclosed, (i) on June 22, 2023, pursuant to the Amendment, the Trust provided written notice that it was further extending the due date of the Opioid Deferred Cash Payment from June 23 to June 30 and (ii) on June 29 pursuant to the Amendment, the Trust provided written notice that it was further extending the due date of the Opioid Deferred Cash Payment from June 30 to July 7. ..The Company continues to analyze its situation and engage with various stakeholders, including representatives of the Trust. There can be no assurance of the outcome of this process, including whether or not the Company may make a filing in the near term or later under the U.S. Bankruptcy Code or analogous foreign bankruptcy or insolvency laws.
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CZR | Hot Stocks17:34 EDT Caesars goes live with mobile sports betting in Puerto Rico - Caesars Entertainment "announced that its Caesars Sportsbook mobile sports betting app is accepting its first mobile sports wagers in Puerto Rico, complementing the opening of Caesars Sportsbook at Casino Metro in December 2022. Legal residents of Puerto Rico who want to enjoy an enhanced sports betting experience with unmatched rewards can download the Caesars Sportsbook Puerto Rico app on iOS and Android or visit caesars.com/sportsbook on desktop before finalizing their registration at Casino Metro, Puerto Rico's largest casino."
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ABNB | Hot Stocks17:31 EDT Airbnb CEO sells $3.97M in common stock - In a regulatory filing, Airbnb disclosed that its CEO Brian Chesky sold 30K shares of common stock on July 3rd in a total transaction size of $3.97M.
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CRON | Hot Stocks17:28 EDT Cronos Group confirms receipt of unsolicited indications of interest - Cronos Group "confirmed that it has received a number of unsolicited indications of interest from third parties, each regarding a potential transaction involving Cronos and the third party. Cronos is in the initial stages of reviewing these indications of interest, and there can be no assurance that any agreement or transaction will result therefrom. Cronos does not intend to make any further announcements regarding this matter unless and until required to do so by applicable law."
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THCH | Hot Stocks17:25 EDT TH International opens 700th store and expands in China's Northwest - TH International has opened its 700th coffee shop and expanded into China's Northwest as part of its broader growth plans. The 700th store is the first in the northwest city of Yinchuan. The Yinchuan store is one of dozens of franchised stores that Tims China is opening in June and July, a key part of the company's strategy to expand its geographic reach to over 1,000 locations by the end of 2023.
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GORO | Hot Stocks17:19 EDT Gold Resource says unaware of reasons behind recent volatility - The company states: "Gold Resource announced, in response to unusual market activity, and after speaking with its officers, directors, and other relevant persons, that it is unaware of the reason behind recent stock price volatility. The Company confirms that there is no material corporate development relating to its business and affairs that has not been previously announced."
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LMT | Hot Stocks17:18 EDT Lockheed Martin awarded $122.71M Navy contract modification - Lockheed Martin was awarded a $122.71M cost-plus-fixed-fee modification to a previously awarded contract. This modification definitizes critical technical refresh actions in support F-35 Joint Strike Fighter pilot and maintainer training site stand-up, schedules, support capability, and overall training system sustainment. Additionally, this modification adds scope to provide non-recurring engineering and necessary materials to refresh end of life components in fielded F-35 JSF pilot and maintainer training devices for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense participants. Naval Air Systems Command is the contracting activity.
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MKTW | Hot Stocks17:18 EDT MarketWise names Erik Mickels as new CFO - MarketWise "announced that Erik Mickels has been appointed Chief Financial Officer of the Company, effective August 15, 2023. Prior to joining MarketWise, Mr. Mickels served since 2016 as the Group Chief Financial Officer and Senior Vice President of Trilogy International Partners, a member of the TSX Venture Exchange."
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FWRG | Hot Stocks17:10 EDT First Watch Restaurant director sells $7.39M in common stock - In a regulatory filing, First Watch Restaurant disclosed that its director Tricia Glynn sold 450K shares of common stock on July 3rd in a total transaction size of $7.39M.
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FWRG | Hot Stocks17:10 EDT First Watch Restaurant director sells $7.39M in common stock - In a regulatory filing, First Watch Restaurant disclosed that its director David Paresky sold 450K shares of common stock on July 3rd in a total transaction size of $7.39M.
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BIRD... | Hot Stocks17:09 EDT Birkenstock owner considers IPO at $6B or more value, Bloomberg reports - German sandal maker Birkenstock which is owned by an affiliate of LVMH (LVMUY) is getting ready to explore becoming a public company via an initial public offering, reports Bloomberg's Eyk Henning and Crystal Tse . "The iconic German sandal maker could be valued at more than $6B in an IPO, said one of the people, asking not to be identified because the details are private," added Bloomberg. Other public companies in the casual shoe and sneaker space include Allbirds (BIRD), Skechers (SKX) ,Nike (NKE) and Crocs (CROCS) Reference Link
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GRRR | Hot Stocks17:02 EDT Gorilla signs $270M contract with Government of Egypt - Gorilla announced that it signed a contract with the Government of Egypt to implement a Smart Government Security Convergence solution. The contract, worth more than $270M over three years, represents the largest customer win in Gorilla's history and a notable stride in its globalization strategy, putting Gorilla on a path toward profitability by the end of 2024.
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SSNC | Hot Stocks17:01 EDT SS&C names Brian Schell as new CFO - SS&C "announced the appointment of Brian Schell as Executive Vice President and Chief Financial Officer. He will report to Bill Stone, Chairman and Chief Executive Officer. Mr. Schell will join SS&C on August 7 from Cboe Global Markets, where he was Executive Vice President, CFO, and Treasurer. He has more than 30 years of experience at global financial institutions, including H&R Block, the FDIC, KPMG and JP Morgan. At Cboe, he managed several successful acquisitions and subsequent integrations, such as Bats Global Markets, as well as the acquisitions of EuroCCP and BIDS Trading."
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RIOT | Hot Stocks16:57 EDT Riot Platforms reports June Bitcoin production at 460, up 9% from last year - CEO Jason Les states: "June was a momentous month for Riot, as the results from our mining operations, power strategy and growth plans have all come together. We announced an initial order of 33,280 MicroBT miners for our Corsicana Facility, which is expected to add 7.6 EH/s to our self-mining fleet and also provides optionality for future orders at the same terms. This long-term purchase agreement locks in our pricing for the next generation of miners and provides a path to executing on our ambitious growth plans. In June, Riot mined 460 Bitcoin while also significantly leveraging our power strategy. As temperatures in Texas reached near record levels during the month and power demand was high, we made dynamic decisions on our power usage based on market signals. Through our participation in various market programs within ERCOT, the Company generated $8.4 million in power sales and $1.6 million in demand response revenue, which when combined, represented the equivalent of an additional approximately 361 Bitcoin based on the average price of Bitcoin during the month. Our long-term, fixed-price, power contracts provide Riot the ability to curtail our Bitcoin mining operations and sell large blocks of power back into the grid during periods of peak demand, ensuring power is available to Texans while generating economic benefits to the Company. This power strategy is a key differentiator for Riot as it supports our low cost of production and is made possible by our vertically integrated structure and unmatched balance sheet strength."
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BIIB ESALY | Hot Stocks16:47 EDT Biogen, Eisai win full FDA approval for Alzheimer's drug Leqembi - The Food and Drug Administration converted Biogen (BIIB) and Eisai's (ESALY) Leqembi, indicated to treat adult patients with Alzheimer's Disease, to traditional approval following a determination that a confirmatory trial verified clinical benefit. Leqembi is the first amyloid beta-directed antibody to be converted from an accelerated approval to a traditional approval for the treatment of Alzheimer's disease, the agency said in a statement. The drug works by reducing amyloid plaques that form in the brain, a defining pathophysiological feature of the disease, it added. Leqembi was approved in January under the accelerated approval pathway. Reference Link
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COIN | Hot Stocks16:47 EDT Coinbase Chairman Armstrong sells $6M in shares - Coinbase Global Chairman of the Board, Brian Armstrong, disclosed the sale of 74,325 shares at $78.44 per share between July 3 and July 5 for a total transaction amount of $5,829,845.
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BIIB ESALY | Hot Stocks16:45 EDT FDA converts Biogen Alzheimer's treatment to full approval
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SRPT | Hot Stocks16:39 EDT Sarepta selects AcariaHealth as part of distribution network for Elevidys - AcariaHealth announced that it has been selected by Sarepta Therapeutics, as part of the limited distribution network for ELEVIDYS, delandistrogene moxeparvovec-rokl,. ELEVIDYS, an adeno-associated virus-based gene therapy, is approved for the treatment of ambulatory pediatric patients aged four through five years with Duchenne muscular dystrophy, DMD, with a confirmed mutation in the DMD gene. This indication was approved under accelerated approval based on expression of ELEVIDYS micro-dystrophin observed in patients treated with ELEVIDYS.
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COST | Hot Stocks16:36 EDT Costco reports total June comparable sales down 1.4% - Costco reported net sales of $22.86B for the retail month of June, the five weeks ended July 2, an increase of 0.4% from $22.78B last year. For the forty-four weeks ended July 2, the company reported net sales of $196.93B, an increase of 4.6% from $188.34B during the similar period last year. Total company comparable sales for June fell 1.4%. However, total company comparable sales for June, excluding the impacts from changes in gasoline prices and foreign exchange, rose 3%.
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CBOE | Hot Stocks16:33 EDT Cboe Global Markets names Jill Griebenow as CFO - Cboe Global Markets "announced the promotion of Jill Griebenow to Executive Vice President, CFO and Treasurer, replacing Brian Schell who will be departing the company to pursue a new professional opportunity outside of the exchange industry. Griebenow will assume the new role beginning July 10, 2023, after working alongside Schell for the past 12 years."
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STZ | Hot Stocks16:32 EDT Constellation Brands announces retirement of Rob Sands as board Chair - Constellation Brands "announced that Rob Sands will retire from his role as Chair of Constellation's Board of Directors and will not stand for re-election as Board Chair following the company's Annual Meeting of Stockholders on July 18, 2023. Sands will continue in his capacity as a Board member for the company. Constellation's Board has engaged in a process to identify a new Board Chair and will provide an update following the company's Annual Meeting of Stockholders on July 18, 2023."
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BLZE | Hot Stocks16:31 EDT Backblaze approves plan to eliminate dual-class structure - Backblaze "announced that its stockholders approved the auto-conversion of all outstanding shares of Class B common stock into shares of Class A common stock, thereby eliminating the Company's dual-class share structure and providing all shareholders equal voting rights. The change underscores Backblaze's commitment to being a shareholder-friendly company by simplifying the capital structure and administration processes."
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COST | Hot Stocks16:30 EDT Costco reports total June SSS down 1.4% - Costco Wholesale Corporation reported net sales of $22.86B for the retail month of June, the five weeks ended July 2, an increase of 0.4% from $22.78B last year. For the forty-four weeks ended July 2 the Company reported net sales of $196.93B, an increase of 4.6% from $188.34B during the similar period last year.
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UA UAA | Hot Stocks16:28 EDT Under Armour says principal accounting officer Maheshwari leaving company - In a regulatory filing, Under Armour disclosed that on June 29 Aditya Maheshwari, senior vice president and principal accounting officer of the company, informed the company that he has accepted a role as chief accounting officer of a public company in a different industry. Maheshwari's last day with the company will be August 25. Upon his departure, the bompany's board of directors will designate Chief Financial Officer David Bergman as principal accounting officer, the filing stated.
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BIIB | Hot Stocks16:22 EDT Biogen trading halted, news pending
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COST | Hot Stocks16:22 EDT Costco reports June sales of $22.86B, up 0.4% - Costco reported net sales of $22.86B for the retail month of June, the five weeks ended July 2, an increase of 0.4% from $22.78B last year. Comparable sales for the month were up 3%. The company also reported e-commerce sales were down 0.7% in June.
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AKAN | Hot Stocks16:18 EDT Akanda discloses Nasdaq listing deficiency notice - International medical cannabis platform company Akanda "announced that the Company has received a written notification on July 3, 2023 from the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that it is not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's common shares, no par value, was below $1.00 per share for a period of 30 consecutive business days."
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LL FXLV | Hot Stocks16:16 EDT LL Flooring names Robert Madore as new CFO - LL Flooring (LL) "announced three new leadership team appointments, all effective July 10, 2023. Mr. Robert L. Madore has been appointed as Executive Vice President, Chief Financial Officer, replacing Interim Chief Financial Officer Terry Blanchard; Andrew W. Wadhams has been named as Senior Vice President, Retail and Commercial Sales; and Laura Massaro has been named as Senior Vice President, Chief Marketing Officer. Mr. Madore brings more than 30 years of public company management, finance and accounting experience, a record of leading and scaling financial operations while strengthening business performance, and extensive knowledge of the retail industry. He has served as an agent of change in leading matrix organizations and cross-functional teams, with proven success in implementing process improvements, and executing strategies that positively impact the bottom line and increase market share. Mr. Madore most recently served as Interim Chief Financial Officer of F45 Training Holdings (FXLV), a global fitness franchisor, since February 15, 2023."
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LEVI | Hot Stocks16:13 EDT Levi Strauss falls 5% to $13.58 after Q2 results, guidance cut
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ZLAB | Hot Stocks16:12 EDT Zai Lab promotes Yajing Chen to CFO, succeeding Billy Cho - Zai Lab Limited announced the promotion of Yajing Chen to Chief Financial Officer, CFO , effective July 7 . Dr. Chen, currently Zai Lab's Deputy CFO based in Cambridge, MA, has been supporting the Company's finance function since joining in September 2021. She is a seasoned finance executive with more than 20 years of experience in the life sciences industry as well as a Ph.D. trained scientist. She succeeds Billy Cho, who will be stepping down from his role and will be pursuing a significant opportunity in private equity.
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SPSC | Hot Stocks16:10 EDT SPS Commerce names Chad Collins a new CEO, effective October 2 - SPS Commerce announced the appointment of Chad Collins as its new Chief Executive Officer, effective October 2. Mr. Collins will succeed current CEO Archie Black, who will retire from his position effective October 1 , and will transition to the newly created role of Executive Chair of the Board, as part of the previously announced succession plan.
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PET | Hot Stocks16:09 EDT Wag! Group launches Cat Food Advisor - Wag! announces the launch of Cat Food Advisor, a comprehensive online resource dedicated to feline nutrition. Following our successful acquisition of Dog Food Advisor, the world's largest dog food review platform, in 2023, Wag! is cementing our commitment to providing valuable guidance and support to pet owners on their pet's nutrition. Cat Food Advisor aims to empower cat owners with the knowledge and insights necessary to make informed decisions about their feline companions' nutrition. With an extensive database of cat food reviews, nutritional analyses, and expert recommendations, Cat Food Advisor will serve as a go-to resource for cat owners seeking the best dietary options for their beloved pets.
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CWH | Hot Stocks16:09 EDT Camping World wins over $7M in verdict - Camping World won a total victory over sweeping claims of fraud and misconduct arising from the unscripted television series on CNBC, The Profit. The publicly-filed complaint sought in excess of $30M and punitive damages. The claims were brought by Gerard Fox Law on behalf of the estate of Precise Graphix, a participant on multiple episodes of The Profit. In her opinion, the Arbitrator found a "complete failure of competent, credible evidence" supporting Precise Graphix's allegations and that "Marcus Lemonis, at all times, acted in good faith with regard to Precise Graphix . . ." Judge Jones reject every one of the claims, and also awarded over $7M to the defendants. First raised in May 2022, the case was transferred by a Los Angeles Superior Court judge to Judicial Arbitration and Mediation Services in Los Angeles shortly thereafter under the parties' agreement.
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FSLR | Hot Stocks16:05 EDT First Solar secures $1B revolving credit facility - First Solar announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. J.P. Morgan Chase Bank acted as Lead Arranger and is Administrative Agent for the facility.
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MGRC | Hot Stocks16:01 EDT McGrath RentCorp acquires container rental company in Colorado - McGrath RentCorp "announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath's revolving credit facility. The acquisition adds approximately 600 assets to McGrath's portable storage operations in Colorado."
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SU | Hot Stocks15:49 EDT Suncor updates on response to cybersecurity incident - Suncor Energy issued the following update on its response to a cybersecurity incident: "As previously announced on June 25, 2023, Suncor experienced a cybersecurity incident. We immediately activated our business continuity plans, engaged leading IT and cybersecurity experts and notified relevant authorities. Based on our investigation to date, we determined that our IT network was accessed by an unauthorized party on or about June 21, 2023. The incident has not impacted the safety and reliability of our field operations. However, our Petro-Canada business experienced temporary disruptions that have largely been resolved. Our focus throughout has been to protect our IT systems and minimize disruption to our customers and suppliers. We have determined that our Petro-Points program has been impacted. The unauthorized party obtained members' basic contact information. We are notifying Petro-Points members and the appropriate privacy regulators. If we discover additional information was obtained, we will notify affected parties as appropriate." Reference Link
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CRON | Hot Stocks15:02 EDT Cronos Group up 4% after Reuters report on acquisition interest
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ROIV | Hot Stocks14:42 EDT Roivant Sciences trading resumes
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MSFT... | Hot Stocks14:41 EDT Worldwide ChatGPT traffic dropped 9.7% from May to June, Similarweb says - Israeli based software & data company specializing in web analytics, Similarweb, blogged in part, earlier: "ChatGPT no longer looks like it will keep growing until it's the most-trafficked website in the world. In other words, Google (GOOG,GOOGL)is in no danger of being eclipsed by the OpenAI tech demo site that turned into a cultural phenomenon. We reported last month that ChatGPT's skyrocketing traffic growth was beginning to level out, but this is the first month it's actually declined...Worldwide desktop and mobile web traffic to the ChatGPT website, chat.openai.com, dropped 9.7% from May to June, according to preliminary estimates. In the U.S., the month-over-month decline was 10.3%." Other competitors of ChatGPT are considered to include publicly listed Microsoft (MSFT), Amazon (AMZN). Reference Link
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ROIV | Hot Stocks14:37 EDT Roivant up 1% following Bloomberg report on big pharma interest in IBD drug
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AMLX | Hot Stocks14:36 EDT Amylyx says Government of Quebec to cover ALBRIOZA for ALS - Amylyx Pharmaceuticals Canada announced that the company has entered into a Product Listing Agreement with Quebec for the public reimbursement of ALBRIOZA, effective July 6, 2023. The treatment will be included on the List of Medications reimbursed under Regie de l'assurance maladie du Quebec, or RAMQ, for the treatment of amyotrophic lateral sclerosis, or ALS, often known as Lou Gehrig's disease or maladie de Charcot. In the CENTAUR clinical trial, ALBRIOZA was shown to significantly slow disease progression and loss of functional decline in people living with ALS, potentially giving them more time with functional independence. Amylyx is currently working with other provincial, territorial and federal drug plans to have ALBRIOZA listed on public formularies across the country.
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ROIV | Hot Stocks14:32 EDT Roivant Sciences trading halted, volatility trading pause
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SPOT AAPL | Hot Stocks14:26 EDT Music streaming service 'TikTok Music' launches in Brazil and Indonesia - TikTok parent ByteDance said in part earlier, on its Brazil blog site: "ByteDance announces the launch of TikTok Music, a subscription-only music streaming service, in Brazil and Indonesia. This new social music streaming service will leverage TikTok's music discovery process, which is already famous for boosting artists and creating hits, helping users to enjoy their favorite viral songs, offering the ability to listen, download and share the tracks with their communities, as well as a smooth transition from TikTok to TikTok Music." Publicly traded companies that may be impacted by this news include Spotify (SPOT) and Apple (AAPL). Reference Link
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GD | Hot Stocks14:02 EDT General Dynamics Land Systems awarded $257.6M U.S. Army contract modification - General Dynamics Land Systems announced that was awarded a $257.6M U.S. Army contract modification for the second phase of Low Rate Initial Production of the newly named M10 Booker Combat Vehicle, formerly known as Mobile Protected Firepower. This latest award calls up 26 additional Booker vehicles. "We are honored to continue to manufacture the M10 Booker Combat Vehicle. The M10 provides enhanced firepower for the Army's Infantry Brigade Combat Teams and has been purpose-built to give them decisive lethality, mobility and survivability on current and future battlefields. We are proud that our years of innovation, research, development and investment have led to this solution for U.S. Soldiers," said Gordon Stein, General Dynamics Land Systems vice president and general manager for U.S. operations.
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CETY | Hot Stocks14:01 EDT Revenue recognition from China could be pushed out to year-end, Mahdi says
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CETY | Hot Stocks14:01 EDT Clean Energy Technologies CEO seeing traction, opportunities with IRA
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CETY | Hot Stocks14:00 EDT Clean Energy Technologies CEO 'optimistic about continued growth ahead'
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IRBT AMZN | Hot Stocks13:34 EDT European Commission opens in-depth review of iRobot buyout - The European Commission said it has opened an in-depth investigation to assess, under the European Union Merger Regulation, the proposed acquisition of iRobot (IRBT) by Amazon.com (AMZN). The Commission is "concerned that the transaction would allow Amazon to restrict competition in the market for robot vacuum cleaners and to strengthen its position as online marketplace provider." The Commission's preliminary investigation indicates that the transaction may allow Amazon to restrict competition in the market for the manufacturing and supply of robot vacuum cleaners. Shares of iRobot are down 1% to $44.58 following the announcement. Reference Link
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IRBT AMZN | Hot Stocks13:31 EDT iRobot falls 1% after EU opens in-depth review of Amazon buyout
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SJW | Hot Stocks13:03 EDT SJW Group announces CPUC approves proposed cost of capital decision - The California Public Utilities Commission, or CPUC, has adopted the proposed decision in the cost of capital proceeding for San Jose Water for the years 2022 through 2024, the company announced. The final decision established an 8.80% return on equity, a 5.46% cost of debt, and a capital structure of 54.55% equity and 45.45% debt resulting in an overall rate of return of 7.28%. San Jose Water was previously authorized for a return on equity of 8.90%, a 6.20% cost of debt, and a capital structure of 53.28% equity and 46.72% debt - resulting in an overall rate of return of 7.64%. "We appreciate the commission's thoroughness in the review of our application and its balanced outcome. We look forward to continuing to invest in our water system and delivering on our public health mission to customers and communities," said San Jose Water Vice President of Regulatory Affairs and Customer Service John Tang.
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LICY | Hot Stocks12:00 EDT Li-Cycle falls -10.1% - Li-Cycle is down -10.1%, or -59c to $5.29.
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ACHR | Hot Stocks12:00 EDT Archer Aviation falls -10.8% - Archer Aviation is down -10.8%, or -53c to $4.33.
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JOBY | Hot Stocks12:00 EDT Joby Aviation falls -11.0% - Joby Aviation is down -11.0%, or -$1.18 to $9.51.
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HLLY | Hot Stocks12:00 EDT Holley rises 7.9% - Holley is up 7.9%, or 30c to $4.09.
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SG | Hot Stocks12:00 EDT Sweetgreen rises 13.4% - Sweetgreen is up 13.4%, or $1.75 to $14.79.
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GENI | Hot Stocks12:00 EDT Genius Sports rises 17.0% - Genius Sports is up 17.0%, or 99c to $6.80.
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STLA NB | Hot Stocks11:34 EDT Stellantis, NioCorp sign rare earth offtake term sheet - Stellantis (STLA) and NioCorp Developments (NB) announced the signing of a rare earth offtake term sheet whose objective is to enter into a definitive rare earth supply agreement to support Stellantis' commitment to build resilient supply chains and reach carbon net zero by 2038 and to help accelerate NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. "The Term Sheet executed today envisions a definitive agreement for a 10-year offtake contract for specific amounts of neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide that NioCorp aims to produce at its Elk Creek Critical Minerals Project in southeast Nebraska, subject to the receipt of adequate project financing. Final volumes would be set in a definitive agreement.. As no economic analysis has been completed on the rare earth mineral resource comprising the Elk Creek Project, further studies are required before determining whether extraction of rare earth elements can be reasonably justified and is economically viable after taking account of all relevant factors. The entrance into a binding off-take agreement is subject to the satisfactory completion of due diligence, the negotiation and settlement of final terms, the negotiation of definitive documentation, and customary closing conditions, including regulatory approvals. There can be no assurance that any binding agreement will be entered into on the terms described herein or at all," the companies stated.
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STLA NB | Hot Stocks11:33 EDT Stellantis NioCorp sign rare earth offtake term sheet - Stellantis (STLA) and NioCorp Developments (NB) announced the signing of a Rare Earth Offtake Term Sheet whose objective is to enter into a definitive rare earth supply agreement to support Stellantis' commitment to build resilient supply chains and reach carbon net zero by 2038 and to help accelerate NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. "The Term Sheet executed today envisions a definitive agreement for a 10-year offtake contract for specific amounts of neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide that NioCorp aims to produce at its Elk Creek Critical Minerals Project in southeast Nebraska, subject to the receipt of adequate project financing. Final volumes would be set in a definitive agreement.. As no economic analysis has been completed on the rare earth mineral resource comprising the Elk Creek Project, further studies are required before determining whether extraction of rare earth elements can be reasonably justified and is economically viable after taking account of all relevant factors. The entrance into a binding off-take agreement is subject to the satisfactory completion of due diligence, the negotiation and settlement of final terms, the negotiation of definitive documentation, and customary closing conditions, including regulatory approvals. There can be no assurance that any binding agreement will be entered into on the terms described herein or at all," the companies stated.
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APLD | Hot Stocks10:50 EDT Bear Cave joins Wolfpack Research, sees 'problems' at Applied Digital - In a recently published report, Edwin Dorsey writes that "The Bear Cave believes Applied Digital relies on puffery over substance and is a perfect case study on our market's bizarre underbelly of reverse mergers, microcaps, and shell companies." Saying it sees "problems" at Applied Digital, Bear Cave also notes that the shares are now up over 800% in the last twelve months as the company changed its name to focus on "next generation datacenters," which made "a community of retail investors excited about the company's ambition to 'lead the datacenter evolution.'" Earlier this morning, Wolfpack Research also issued a short report on the name. Reference Link
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APLD | Hot Stocks10:46 EDT Bear Cave joins Wolfpack Research, sees problems Applied Digital - In a recently published report, Edwin Dorsey writes that "The Bear Cave believes Applied Digital relies on puffery over substance and is a perfect case study on our market's bizarre underbelly of reverse mergers, microcaps, and shell companies." Saying it sees "problems" at Applied Digital, Bear Cave also notes that the shares are now up over 800% in the last twelve months as the company changed its name to focus on "next generation datacenters," which made "a community of retail investors excited about the company's ambition to 'lead the datacenter evolution.'" Earlier this morning, Wolfpack Research also issued a short report on the name. Reference Link
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EDTX | Hot Stocks10:44 EDT EdtechX Holdings Acquisition Corp II trading resumes
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EDTX | Hot Stocks10:34 EDT EdtechX Holdings Acquisition Corp II trading halted, volatility trading pause
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EL | Hot Stocks10:32 EDT Estee Lauder shares clinical findings at World Congress of Dermatology - The Estee Lauder Companies announced that the company and several of its brands presented a range of novel preclinical and clinical findings at the 25th World Congress of Dermatology, held this week in Singapore. Poster details highlighting key data include: The benefits of regular use of moisturizer to skin aging prevention: a six-month evaluator blinded, randomized, and controlled clinical study, with results revealing that regular application of a potent moisturizer can not only treat skin dryness, but also improve the dry skin stratum corneum cohesion to reduce the appearance of facial aging; The effect of a multi-ingredient facial cream on skin structure, function, and appearance, with findings suggesting the facial cream provides an effective treatment for improving barrier integrity and strength as well as signs of aging parameters and skin appearance with regular daily use.
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WLY | Hot Stocks10:31 EDT Tuition.io acquires Wiley's Tuition Manager business, terms not disclosed - Tuition.io has acquired Wiley's Tuition Manager business, which enables employers to offer a range of tuition assistance benefits to their workforces. Terms are undisclosed. The acquisition is the culmination of a successful relationship between Tuition.io, Wiley and HostedHR dating back more than four years. It continues Tuition.io's growth as a leading Education Assistance service provider, allowing Tuition Manager customers to take full advantage of Tuition.io's modern, highly configurable and customizable platform to offer a wide range of differentiated benefits to their workforces. Tuition.io offers a full suite of Education Assistance services including student loan wellness, student loan repayment assistance, loan forgiveness, education planning and tuition assistance. When the migration of Wiley clients is completed later this year, Tuition.io will have more than 100 employers using its tuition assistance services. The Tuition Manager business will join the current suite of employee benefits already offered by Tuition.io, including Student Loan Repayment, Tuition Assistance, Public Service Loan Forgiveness for non-profits, and Student Loan Wellness.
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WAVE | Hot Stocks10:22 EDT Eco Wave Power's share repurchase program approved by shareholders - Eco Wave Power Global announced that its intention to set up a share repurchase program to repurchase American Depositary Shares corresponding to up to 10% of the total number of shares in the Company, which is the maximum amount permitted by the Swedish Law, was approved by Eco Wave Power's shareholders at the 2023 Annual General Meeting. The authorization for the repurchase is conditional on necessary permits being obtained from the Swedish Financial Supervisory Authority.
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APLD | Hot Stocks10:22 EDT Wolfpack short 'potato farm turned failed bitcoin miner' Applied Digital - In a recently published report, Wolfpack Research said it is short Applied Digital, calling it a "stock promotion." "Applied Digital, a potato farm turned failed bitcoin miner, pumped up its stock in May by claiming to pivot from a floundering business hosting bitcoin miners, to becoming a low-cost AI Cloud service provider. The explosion of interest in AI after the emergence of Chat GPT has predictably attracted the worst promoters and scumbags to peddle fake AI wares to credulous investors, and our analysis indicates that APLD is one of these grifters because it is not an AI company," the report reads. Further, Wolfpack highlights that, "One clue that this is a stock promotion is the heavy involvement of our favorite bottom feeding investment bank, B. Riley, whose insiders... own 48.4% of APLD... The fact that the board has essentially remained unchanged, despite the fact that APLD has switched its business model every few months since it remerged in 2021, indicates that the board lacks competence." In Thursday morning trading, shares of Applied Digital have dropped over 14% to $7.71. Reference Link
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APLD | Hot Stocks10:17 EDT Applied Digital drops 16% to $7.55 after Wolfpack short report
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GOL | Hot Stocks10:13 EDT Gol Linhas reports preliminary June ASK up 15.4%, with total seats up 21.7% - GOL Linhas Aereas Inteligentes announced preliminary air traffic figures for the month of June 2023, compared to the same period in 2022. GOL's total supply, or ASK, increased 15.4%. Total seats increased 21.7% and the number of departures increased by 20.8%. GOL's total demand, or RPK, increased by 14.0% and the load factor was 75.7%.GOL's domestic supply increased 12.4% and demand increased by 12.9%. GOL's domestic load factor was 76.0%. The volume of departures increased by 19.4% and seats increased by 20.3%. GOL's international supply was 338 million, the demand was 249 million and international load factor was 73.5%.
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GEOS | Hot Stocks10:10 EDT Geospace announces resignation of CTO Michael Sheen - In a regulatory filing, Geospace said that on June 29, Michael J. Sheen notified the company of his intention to retire and resign from his position as Senior Vice President and Chief Technical Officer of the company, to be effective June 30, 2023. In connection with his retirement, Sheen and the company have entered into an employment termination and consulting agreement. Under the terms of the Consulting Agreement, Sheen will provide consulting services to the company at its request from time to time beginning July 1, 2023 for a period of one year, renewing automatically for subsequent one-year terms thereafter, unless either party provides written notice of its intent to terminate the Consulting Agreement at least 30 days prior to the expiration of the then current Term, Geospace said.
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LLAP | Hot Stocks10:07 EDT Terran Orbital Corp trading resumes
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MMC | Hot Stocks10:02 EDT Marsh McLennan Agency acquires Integrity HR, terms not disclosed - Marsh McLennan Agency announced the acquisition of Integrity HR, Inc., a human resources consulting firm based in Louisville, Kentucky. Terms of the acquisition were not disclosed. Founded in 2007, Integrity HR serves midsize clients across industries and sectors, including non-profits, private equity portfolio firms, family-owned businesses, governments, and municipalities, with strategic outsourced human resources and HR consulting services. Integrity HR will become part of Marsh McLennan Agency's national Employee Health & Benefits division, expanding its offerings to include a full suite of new HR capabilities, including compensation consulting, executive succession planning, and talent acquisition. Integrity HR's 13 employees, including Amy Newbanks Letke, Founder & CEO, will join Marsh McLennan Agency and continue to work out of their Louisville office.
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IONQ | Hot Stocks10:00 EDT IonQ falls -7.5% - IonQ is down -7.5%, or -$1.06 to $13.06.
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BNKU | Hot Stocks10:00 EDT Bank United Corporation falls -7.6% - Bank United Corporation is down -7.6%, or -$1.21 to $14.78.
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TALO | Hot Stocks10:00 EDT Talos Energy falls -7.6% - Talos Energy is down -7.6%, or -$1.06 to $12.85.
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HLLY | Hot Stocks10:00 EDT Holley rises 8.4% - Holley is up 8.4%, or 32c to $4.11.
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SG | Hot Stocks10:00 EDT Sweetgreen rises 12.2% - Sweetgreen is up 12.2%, or $1.59 to $14.63.
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GENI | Hot Stocks10:00 EDT Genius Sports rises 13.3% - Genius Sports is up 13.3%, or 77c to $6.58.
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LLAP | Hot Stocks09:56 EDT Terran Orbital congratulates customer Rivada Space Networks for ITU waiver - Terran Orbital congratulated its customer Rivada Space Networks for receiving a waiver from regulators at the International Telecommunications Union. "Per a July 5, 2023 Rivada press release, the regulator's waiver process sought evidence of Rivada's financing for the project and information regarding satellite manufacturing and launch contracts with its key vendors, including Terran Orbital. The ITU waived a requirement for Rivada to put the first 10% of its planned satellite constellation into orbit by September 2023. The waiver is also a significant milestone for Terran Orbital, allowing it to continue the development and manufacture of its first tranche of satellites for Rivada, under a contract the two companies signed in February 2023. The $2.4 billion contract calls for Terran Orbital to design and build 300 satellites, each weighing approximately 500 kilograms, with Rivada holding an option for a second tranche of 300 satellites. Rivada's two planned LEO constellations will comprise a communications network it calls the OuterNET. The program aims to produce a global network of laser-connected non-geostationary orbit satellites to provide secure, global, end-to-end enterprise-grade data connectivity with low latency for a host of customers in the telecom, enterprise, maritime, energy and government services sectors," Terran Orbital stated.
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MOD | Hot Stocks09:50 EDT Modine acquires Napps Technology, terms not disclosed - Modine announced that it acquired Napps Technology. This acquisition is in line with Modine's growth strategy to provide differentiated technologies and systems that help customers address real-world concerns, such as improving indoor air quality in schools. Modine currently serves the approximately $2 billion North American chiller market with large chillers targeting the data center market. The acquisition of Napps Technology allows Modine to enhance its offerings to the K-12 school market, while also enabling Modine to serve a broader range of customers and end markets seeking small tonnage chillers and chillers with heat pumps. Modine expects to generate between $6 million to $8 million in revenue this year from the acquisition and forecasts doubling that within two years. Modine also announced that it will continue to manufacture in Longview, Texas, and that Sam Neale, current president of Napps Technology, will join Modine.
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NVAX | Hot Stocks09:49 EDT Novavax granted full marketing authorization in Europe for Nuvaxovid - Novavax said it has been granted full marketing authorization by the European Commission in the European Union for Nuvaxovid. The vaccine is now fully authorized for use as a primary series in individuals aged 12 and older and as a booster dose in adults aged 18 and older for the prevention of COVID-19. Nuvaxovid was originally granted a conditional marketing authorization in the EU for these indications.
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RCUS GILD | Hot Stocks09:48 EDT Gilead raises stake in Arcus Biosciences to 35% - Gilead Scienes disclosed an increased stake in Arcus Biosciences of 35%, which represents over 25.58M shares. On June 27, Gilead entered into an amended purchase agreement pursuant to which Gilead agreed to purchase an additional 1.01M shares of Arcus common stock at a purchase price of $19.26 per share. The purchase occurred on June 28. Under the amended purchase agreement, Gilead also has the right, at its option, to purchase additional shares from Arcus, up to a maximum of 35% of the company's then-outstanding common sock, from time to time for a period of five years from the closing of the initial purchase, at a purchase price equal to the greater of a 20% premium to market at the time Gilead exercises such option.
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AZUL | Hot Stocks09:47 EDT Azul falls -5.1% - Azul is down -5.1%, or -64c to $11.97.
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TALO | Hot Stocks09:47 EDT Talos Energy falls -5.2% - Talos Energy is down -5.2%, or -72c to $13.19.
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MIXT | Hot Stocks09:47 EDT MiX Telematics falls -5.6% - MiX Telematics is down -5.6%, or -36c to $6.13.
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DRV | Hot Stocks09:47 EDT Debt Resolve rises 5.3% - Debt Resolve is up 5.3%, or $2.31 to $45.96.
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SG | Hot Stocks09:47 EDT Sweetgreen rises 12.6% - Sweetgreen is up 12.6%, or $1.64 to $14.68.
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GENI | Hot Stocks09:47 EDT Genius Sports rises 12.7% - Genius Sports is up 12.7%, or 74c to $6.55.
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KSCP | Hot Stocks09:42 EDT Knightscope announces two sales for K5 ASR, K1 Call Boxes - Knightscope announced two new sales for a K5 Autonomous Security Robot and two K1 Call Boxes. One of the largest churches in the nation with a weekly attendance of over 35,000 across seventeen campuses will deploy a K5 ASR to patrol the parking lot in one if its Arizona locations. A northern California county expanded its emergency communications services through its Office of Emergency Services. The county purchased 2 new K1 Call Boxes with satellite telecommunications to serve remote recreation areas at a local state park in the Sierra Nevada mountains.
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VWAGY MBLY | Hot Stocks09:39 EDT Volkswagen launches first autonomous driving test program in the U.S. - Volkswagen Group of America (VWAGY) is starting its first autonomous vehicle test program in Austin beginning in July 2023. The company will kick off its program with a batch of 10 all-electric ID. Buzz vehicles outfitted with an autonomous driving technology platform developed by the global Volkswagen Group in partnership with technology company Mobileye (MBLY). Over the next three years, VWGoA plans to grow its test fleet in Austin and also progressively expand testing operations to at least four more American cities. Building upon investments throughout this initial pilot, VWGoA anticipates a commercial launch of autonomous driving vehicles in Austin by 2026. The start of VWGoA's test program in the U.S. marks a further push for Volkswagen Group's global autonomous driving vehicle research and development, the company says. VWGoA will lead the strategy and business development in the U.S., and has established a subsidiary named Volkswagen ADMT, LLC1 to support the rollout of its autonomous driving vehicle program, with teams in Belmont, Calif. and Austin, Texas. The company plans to also employ team members who worked with Argo AI.
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BLNK | Hot Stocks09:37 EDT Blink Charging announces agreement to become a preferred AAA supplier - Blink Charging announced an agreement with AAA to become a preferred supplier. "This strategic agreement enables Blink to offer leading EV charging products and services to affiliated AAA service providers, thereby expanding the range of EV charging solutions available to drivers and AAA members in need," the company stated. Initially, this program will benefit 19 AAA clubs and affiliates at over 60,000 locations across the nation. Michael Battaglia, Chief Revenue Officer for Blink Charging, said: "We are thrilled to cooperate with AAA, enabling clubs and service providers to build a robust EV charging infrastructure using Blink's extensive line of products and solutions." As EVs become increasingly commonplace, there is a growing demand for charging services along with roadside assistance. Teaming up with AAA presents a great solution, and Blink is excited to offer AAA's EV members the same level of exceptional service and reliability that AAA has been synonymous with for over a century."
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INFY | Hot Stocks09:37 EDT Infosys opens subsidiary Infosys Public Services Canada - Infosys Public Services announced the opening of its new subsidiary, Infosys Public Services Canada, headquartered in Ottawa, Ontario with local offices in Mississauga ON, Calgary AB, and Burnaby BC. IPS Canada accelerates digital transformation for public sector organizations across the country, including federal departments, provincial ministries, municipalities, and crown corporations, and provides access to top tier IT talent and innovative solutions to improve the delivery of government services to Canadians. Infosys Public Services' Canadian expansion marks the next phase of its decade-plus presence in the country and is the logical next step for the company given its growth in Canada and the evolving government security standards and regulation. This IPS Canada announcement is the latest development in a series of investments made by Infosys which has expanded the employee count to over 7,000 with a commitment to increase to 8,000 employees by 2024. IPS Canada will also work with local universities and technical colleges to recruit talent.
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CMCXF | Hot Stocks09:35 EDT CMC Metals contracts gravity geophysical survey for Silverknife Property - CMC Metals announced that McKeown Exploration Services has initiated a second gravity survey on our Silverknife Property in northern British Columbia. MES is a specialist in gravity surveys. The design of the program was prepared in consultation with MES by Dr. Chris Hale and Mr. John Gilliatt of Intelligent Exploration who are the Company's geophysical contractor.Approximately 14.7 line kilometers of gravity survey will be completed in the central part of the Property to further evaluate the significant conductors previously identified by the airborne SkyTEM survey and the Silverknife Prospect. The survey is expected to take about 3 weeks to complete. The Silverknife property is located immediately west of the Silvertip Mine property owned by Coeur Mining. The Silvertip Mine is one of the highest-grade underground silver-lead-zinc deposits in the world. Recent announcements by Coeur relating to several new discoveries in the SilverTip area along with a new mineralization model have added to the prospectivity of the Silverknife property, and in particular the area being covered by the current gravity survey. Coverage by the gravity survey will include coverage of: The historic Silverknife Prospect which was subjected to drilling in the mid 1980's that identified significant mineralization that was reported to remain open in several directions and at depth. In addition, 3D Geosoft Modelling by CMC's geophysical contractor Intelligent Exploration, appears to indicate that previous drilling on the Silverknife Prospect was conducted on the edge of the conductors; A series of conductors that extend through the central portion of the property from east to west; The northeastern most portion of the property adjacent to previously identified discoveries identified through the combination of the previous gravity and SkyTEM airborne surveys.
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VAC NKE | Hot Stocks09:32 EDT Marriott Vacations appoints Raman Bukkapatnam as CIO - Marriott Vacations Worldwide (VAC) announced that Raman Bukkapatnam will join the Company as Chief Information Officer, effective July 10, 2023. As a member of the Company's Executive Committee, Bukkapatnam will report directly to John Geller, President and CEO. In his role, Bukkapatnam will be responsible for leading the enterprise's global technology strategy, transformation, and modernization. Prior to joining the Company, he served as Vice President, Global Technology at Nike (NKE).
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ATXG | Hot Stocks09:29 EDT ATX Group, Inc. announces strategic collaboration with GW Reader - Addentax Group has announced a significant strategic collaboration with GW Reader Sdn Bhd, a global pan-entertainment platform with a focus on online text publishing, web novel translations, and an online writing platform. This partnership marks a major milestone for both companies as they join forces to enhance their respective offerings and drive innovation within the global content industry. "We are excited to collaborate with GW Reader and harness their AI technology to transform our operations," stated Hong Zhida, Chairman and CEO of Addentax. "By leveraging the power of AI, we anticipate significant advancements in operational efficiency, enabling us to better serve our clients and maintain our leadership position in the industry."
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LLAP | Hot Stocks09:28 EDT Terran Orbital Corp trading halted, news pending
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F | Hot Stocks09:24 EDT Ford reports Q2 U.S. sales up 9.9% to 531,662 vehicles - "Ford was America's best-selling brand in the second quarter on the strength of its trucks, electric vehicles and new vehicle launches, posting sales gains of 11.2% for the quarter. Ford is now the best-selling brand and has the best-selling truck in America for six consecutive months this year. F-Series has been the best-selling truck in America for 46 years in a row. Ford truck sales accelerated in Q2, climbing 26.2% on the strength of the new Super Duty and improved inventory flow. This is the second straight quarterly gain for Ford and best Q2 sales performance since pre-Covid 2019," Ford stated. Total vehicle sales of 531,662 were up 9.9% from last year's Q2 total of 483,688 vehicles. Reference Link
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COSM | Hot Stocks09:21 EDT Cosmos Health completes acquisition of Cana Laboratories - Cosmos Health announced the closing of the acquisition of Pharmaceutical Laboratories CANA, a Greek pharmaceutical company that manufactures, sells, distributes, and markets original branded products researched and developed by leading global pharmaceutical and healthcare companies. The purchase price for acquiring all of the outstanding shares of Cana was approximately $1.67 million, consisting of EUR 800,000 in cash and $800,000 in stock, based on an issuance price of $17.25 per share. The acquisition price is considered to be significantly discounted to the current Fair Market Value of Cana's intangible and tangible assets, which are currently valued in excess of $10 million, based on independent valuation reports and market comparables. Consequently, Cosmos Health anticipates recording a substantial gain on bargain purchase, when considering the equity investment of $1.67 million in comparison to the FMV of assets exceeding $10 million.
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WNNR | Hot Stocks09:21 EDT Andretti Acquisition signs LOI to combine with generative AI software company - Andretti Acquisition announced that it has signed a non-binding letter of intent for a proposed business combination with a generative AI software company that would result in a public listing of the company upon completion of the proposed combination. "The global market for AI and machine learning software is massive and rapidly expanding," commented Michael Andretti, Co-Chief Executive Officer of Andretti Acquisition Corp. "In our search for a target, we have found that it is important to partner with an entity that is pushing the boundaries of technology. Generative AI technology has, we believe, transformative applicability across a wide variety of industries, including chemicals, pharmaceuticals, aerospace, finance and even motorsports, where we have seen the edge it can provide in crafting and continuously altering race strategy on any given racing weekend and in the simulator." Andretti Acquisition Corp. expects to announce additional details regarding the combination when a definitive business combination agreement is executed, which is expected in the third quarter of 2023.
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JAMF... | Hot Stocks09:19 EDT Jamf Holding announces integrations with Google Cloud - Jamf announced three new integrations with Google Cloud, enabling and protecting mobile workforces that use Google and Apple. Encompassing Zero Trust, observability, and identity workflows, Jamf continues to provide unique value for Google Cloud users with Apple devices. Jamf's integration with BeyondCorp now supports device compliance signals for iOS and iPadOS. The addition of Apple's mobile platforms builds on last year's release of the Jamf and Google Cloud's BeyondCorp integration for macOS. Jamf is the first management platform to support Apple desktop and mobile devices in this Zero Trust framework.
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CDIO | Hot Stocks09:18 EDT Cardio Diagnostics, RiverRock team on epigenetic-genetic heart disease test - Cardio Diagnostics Holdings announced a partnership with Austin, Texas-based concierge, and executive health practice, RiverRock Medical. This partnership establishes RiverRock Medical as the first service provider in Austin, Texas, to incorporate Epi+Gen CHD and PrecisionCHD, state-of-the-art epigenetic-genetic heart disease risk and detection technologies. RiverRock Medical, under the leadership of Dr. Zain Hakeem, D.O., continues to redefine concierge medicine, establishing its focus on patient longevity, technological innovation, and evidence-based medical practices. Extending beyond conventional healthcare providers, RiverRock Medical adopts a partnership approach with patients, advocating for increased autonomy and offering a personalized care model that transcends traditional healthcare norms. Dr. Hakeem and the RiverRock Medical team engage with patients and the larger Austin community via their YouTube and Podcast channels to ensure that personalized medicine journeys, challenges, and opportunities are widely disseminated.
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VISL | Hot Stocks09:18 EDT Vislink appoints Steven Teese as VP, sales for the Americas - Vislink Technologies announced that Steven Teese has joined the company as Vice President of Sales for the Americas, effective immediately. Mr. Teese will lead Vislink's sales organization in the Americas, with a keen focus on accelerating the penetration of Vislink's market-leading video communications solutions in key public safety and live production markets. As National Sales Director for Watchguard Video, he led the growth from startup to $150 million in sales, resulting in an exit to Motorola Solutions.
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FRBA MLVF | Hot Stocks09:17 EDT First Bank, Malvern Bancorp receives regulatory approvals for combination - First Bank and Malvern Bancorp, the parent company of Malvern Bank, National Association announced receipt of regulatory approvals from the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance and the Pennsylvania Department of Banking and Securities, as well as non-objection from the Board of Governors of the Federal Reserve System, to complete the previously announced acquisition under which First Bank will acquire Malvern Bancorp, Inc. and its wholly-owned subsidiary, Malvern Bank, for a combination of cash and stock. The Merger is anticipated to close by mid-July 2023, pending satisfaction of customary closing conditions
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ATOS | Hot Stocks09:16 EDT Atossa Therapeutics enters sponsored research agreement with Weill Cornell - Atossa Therapeutics announces a strategic, sponsored research agreement with Weill Cornell Medicine to study the potential of inducing estrogen receptor expression in triple-negative breast cancer. The goal of this research is to determine if treating TNBC with extracellular vesicles carrying the ER will convert the tumor to ER+ and render it sensitive to treatment with Selective Estrogen Receptor Modulators, including Atossa's proprietary (Z)-endoxifen. The research project will be led by David Lyden, M.D., Ph.D., the Stavros S. Niarchos Professor in Pediatric Cardiology and Director of the Department of Pediatrics' Physician Scientist Training Program at Weill Cornell Medicine. Dr. Lyden's laboratory is focused on the molecular pathways activated by tumor extracellular vesicle uptake at the metastatic site and identifying potential therapeutic targets to thwart metastasis. His work has led to a new understanding of how primary tumor cells dictate their own metastases, by decoding how cancer-derived extracellular vesicles mediate intercellular communication. Most recently, Dr. Lyden has identified specific extracellular vesicle subpopulations and discovered a new subset of particles known as exomeres, which collectively have distinct functional roles in the systemic effects of cancer.
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BDSX | Hot Stocks09:15 EDT Biodesix announces CMS designates Nodify CDT test as ADLT effective June 30 - Biodesix announced that the Centers for Medicare & Medicaid Services CMS has designated the Nodify CDT Test as an Advanced Diagnostic Laboratory Test or ADLT, effective June 30. Obtaining ADLT status is a recognition that the Nodify CDT test meets the stringent criteria established under the Protecting Access to Medicare Act of 2014 . ADLT status is reserved for innovative tests with Medicare coverage that provide new clinical diagnostic information that cannot be obtained from any other test or combination of tests. The payment amount for the Nodify CDT test as established by the Medicare Administrative Contractor is $649. "Receiving ADLT status is a major milestone for Biodesix and confirms the clinical value and unique nature of the Nodify CDT test," says Scott Hutton, President and CEO of Biodesix. "We are committed to working closely with CMS and commercial payers to ensure that patients and physicians have access to all tests in the Biodesix portfolio that aid in the diagnosis and treatment of lung cancer."
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AQN | Hot Stocks09:13 EDT Starboard Value sends letter to Algonquin Power & Utilities - Starboard Value LP issued the below letter to Algonquin Power & Utilities Corp. regarding opportunities to enhance shareholder value. "Starboard Value recently filed a Schedule 13D disclosing an economic ownership stake of approximately 7.5% in Algonquin Power & Utilities Corp, making us the Company's largest shareholder... As we have discussed, we believe Algonquin's Regulated Services Group is a top tier regulated utility that is currently valued at a substantial implied discount to peers pro forma for a potential sale of all or a substantial majority of the Company's unregulated renewables assets... Algonquin's valuation has been hampered by a number of factors, most notably excessive leverage and a high dividend payout ratio. Algonquin's high payout ratio, its recent dividend cut, its high proportion of unregulated assets, and scars from the recently-abandoned Kentucky Power deal have all combined to make Algonquin uninvestible for a large portion of traditional utility investors. Fortunately, we believe these problems can be solved through a sale of all or a majority of the Renewable Energy Group. Pro forma for such a sale, we believe Algonquin would have lower leverage, a safer dividend, a greener asset base, and higher rate base growth than peers, and should be afforded a higher valuation... In particular, we believe your key objectives should be: Reduce leverage to industry-standard levels of approximately 5x gross leverage4. Once target leverage levels have been achieved, excess proceeds should be used to repurchase shares of Algonquin to drive EPS accretion. Improve EPS as much as possible, so that the dividend payout ratio is in-line with peers, with room for increases. As we have discussed, we believe a target of 75 cents in FY 2025 EPS5 is achievable."
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PBTS | Hot Stocks09:11 EDT Powerbridge announces strategic joint venture to establish Agro Digital Fintech - Powerbridge Technologies has announced a strategic joint venture to establish Agro Digital Fintech, a fintech and asset digitization company focused on the agriculture and livestock farming industries. The Company aims to create a robust digital financial ecosystem that drives value creation and leverages China's Rural Revitalization Initiative. The Initiative is a long-term development plan aimed at promoting economic growth, improving living standards, and addressing the challenges faced by rural areas in the country, including poverty alleviation, infrastructure development, agricultural modernization, rural entrepreneurship, and improvement of social services. The Initiative is focused on bridging the economic and social gap between rural and urban areas, promoting sustainable agriculture, and enhancing the overall well-being of rural communities. Stewart Lor, CEO of Powerbridge Technologies commented: "We are delighted to launch Agro Digital to leverage on the huge market opportunities by the Initiative in the next few years. By utilizing cutting-edge technologies and fostering financial inclusion, the Company can help empower rural communities and promote sustainable agricultural practices. We believe Agro Digital will contribute to our overall growth and bring values to our partners and investors."
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BRQS | Hot Stocks09:10 EDT Borqs Technologies, SkyCentrics start commercial shipment of CTA-2045 devices - Borqs Technologies, together with SkyCentrics, have launched the next generation CTA-2045 ECOPORT communication products. Borqs and SkyCentrics announced their strategic partnership in 2021. The partnership includes joint research & development, sales, and promotion, as well as, Borqs' investment into SkyCentrics. SkyCentrics will be responsible for the CTA-2045 software, ECOPORT certification, and cloud functionality with its Demand Response Energy & Asset Management platform. The first release of the next generation ECOPORT will start commercial shipment in Q3, and both companies forecast strong demand for the products. SkyCentrics is working with major commercial building industrial equipment manufacturers to provide them retrofit kits that will enable their embedded base of existing equipment to be retrofit to have a CTA-2045 EcoPort.
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IDEX | Hot Stocks09:10 EDT Ideanomics' Solectrac announces significant expansion of its dealership network - Solectrac, a subsidiary of Ideanomics, announced that during the second quarter of 2023, Solectrac added 10 certified dealerships with 18 locations in Tennessee, Kansas, Maine, Nebraska, Illinois, Texas and Florida. "Dealerships are where customers often get their first experience with one of our quiet, clean, and powerful electric tractors," said Mani Iyer, CEO of Solectrac. "That is why I view each dealership location as an important member of the Solectrac community, and why Solectrac is committed to offering our dealerships direct marketing and sales support to reach and excite potential customers."
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AWR | Hot Stocks09:09 EDT American States Water announces final decisions by CPUC in rate case - American States Water announced that the California Public Utilities Commission, or CPUC, adopted final decisions in connection with the general rate case and cost of capital proceedings at AWR's regulated water utility subsidiary, Golden State Water Company, or GSWC. The final decision in GSWC's general rate case proceeding will set new water rates for the years 2022 - 2024. The assigned administrative law judge at the CPUC had issued a proposed decision on April 13 that adopted the full settlement agreement between GSWC and the Public Advocates Office at the CPUC with new rates retroactive to January 1, 2022, (ii) approved GSWC's request for balancing accounts for medical and general liability insurance, (iii) denied GSWC's request to consolidate two of its customer service areas, and (iv) allowed for additional increases in adopted revenues for 2023 and 2024 subject to an earnings test and inflationary index values at the time of filing for implementation of the new rates. The final decision issued on June 29 is consistent in all material respects with the proposed decision issued in April, except it included a change to substitute the adoption of balancing accounts for medical and general liability insurance with memorandum accounts. As a result of receiving the final decision, on June 30, 2023 GSWC filed for the implementation of new 2023 rate increases using inflationary index values as of May 31, 2023. The new rates for 2023 are expected to go into effect on July 31. Within 90 days after 2023 rates have been implemented, GSWC will also file for recovery of retroactive amounts accumulated through July 31 related to the new 2022 and 2023 rates. Also on June 29, the CPUC unanimously adopted the proposed decision issued on May 9, 2023 in the cost of capital proceeding. The final decision adopts for GSWC an 8.85% return on equity, a 5.10% cost of debt and a capital structure of 57% equity and 43% debt, resulting in a 7.24% authorized return on rate base for the calendar year 2022. Based on the final decision, all adjustments to rates are interpreted to be prospective and not retroactive. The decision also continues the Water Cost of Capital Mechanism, or WCCM, for the years 2023 and 2024. On June 30, GSWC filed an advice letter to trigger the WCCM for 2023, which will increase the 8.85% adopted return on equity in the decision to 9.36% for the remainder of 2023 and 2024. The company said, "We are in the process of reviewing all of the impacts resulting from the two final decisions. This will include reassessing the accounting estimates recorded through March 31, 2023 from both decisions, including management's estimates of the cost of capital proceeding that resulted in the recording of lower revenues beginning in 2022 that were estimated to be refunded to customers to reflect the lower cost of debt in this proceeding (from 6.6% to 5.1%). Any true-up adjustments resulting from changes in estimates and circumstances will be recorded in the 2023 second quarter results that will be reported in our second quarter earnings release and Form 10-Q that will be filed with the Securities and Exchange Commission."
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OMC | Hot Stocks09:08 EDT Omnicom announced the acquisition of Grabarz & Partner - Omnicom announced the acquisition of Grabarz & Partner to further cement its leadership position in Germany, the fourth largest advertising market in the world. "We're thrilled to add one of the most creative agencies in Germany to our roster and to lean into its stellar reputation in one of Europe's most important economic regions for our clients," said John Wren, Chairman and CEO of Omnicom. "Our shared vision for creative excellence is what drew us to them, and we look forward to the impact they'll make as part of Omnicom. We welcome the entire Grabarz & Partner team to the group." The transaction is expected to close during the third quarter of 2023, subject to customary closing conditions, including regulatory approval.
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JFBR | Hot Stocks09:08 EDT Jeffs' Brands to acquire 50.01% interest in B24Chat business - Jeffs' Brands has entered into a non-binding letter of intent to acquire a majority controlling interest of the B24Chat business, an AI marketing platform specializing in enterprise-level omnichannel and conversational automation management. This acquisition signifies Jeffs' Brands' strategic entry into the AI domain, complementing its existing suite of businesses. B24Chat, an AI-based customer service platform, offers an omnichannel and conversational automation management solution that helps companies streamline their customer interactions across various platforms. Pursuant to the LOI and subject to entry into a definitive agreement, the parties will establish a new company in which Jeffs' Brands will invest an aggregate amount of $1,000,000, of which $500,000 will be paid in cash and $500,000 will be paid in newly-issued ordinary shares of Jeffs' Brands, in consideration for 50.01% of NewCo's fully diluted share capital. The founder of B24Chat shall assign all of its rights, title and interest in the technology of the B24Chat business in consideration for 49.99% of NewCo's fully diluted share capital. The B24Chat platform offers companies the ability to build and operate their own branded, sales-focused websites or easy-to-use iOS & Android apps. By connecting to a company's website, customer relationship management and/or enterprise resource planning, B24Chat's smart bots can "read" and "look" through content, gathering information about products and services, as well as updating news about the company and the market. The bot even learns on its own, developing unique scenarios to prepare for conversations with clients.
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IFF | Hot Stocks09:08 EDT IFF's Danisco Animal introduces phytase enzyme in the E.U. - Danisco Animal Nutrition & Health, a business unit of IFF, announced that its phytase enzyme, Axtra PHY GOLD, has been authorized for in-feed use in the EU. "We are delighted that Axtra PHY GOLD has been formally certified as safe and effective for use in swine and poultry diets in this key market," said Hamish Irving, global marketing director for Danisco Animal Nutrition & Health. "It means we can now respond to the needs of producers in the EU with a proven feed solution that not only supports their commercial goals but is at the forefront of more sustainable animal production."
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TENB | Hot Stocks09:07 EDT Tenable Holdings joins Cloud Security Alliance - Tenable has joined the Cloud Security Alliance as Executive Member. CSA is an organization dedicated to defining standards, certifications and best practices to help ensure a secure cloud computing environment. As an executive level member, Tenable will champion preventive security approaches, helping organizations understand and reduce cybersecurity risk across their entire attack surface-from the cloud, IT, OT, identity systems and beyond.
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AJG | Hot Stocks09:06 EDT Arthur J. Gallagher acquires The Andersen Group - Arthur J. Gallagher & Co. announced the acquisition of Chantilly, Virginia-based The Andersen Group. Terms of the transaction were not disclosed. "Frank and his team are highly respected, and their market expertise will enhance our capabilities in the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome them to Gallagher."
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WLDS | Hot Stocks09:06 EDT Wearable Devices completes development of bidirectional plugin for Unity - Wearable Devices announced the completion of the development of its new bidirectional plugin for Unity, a game engine supporting desktop, mobile, console, virtual reality and augmented reality platforms, establishing a live communication channel between the Unity game engine and the Mudra Inspire neural input wristband . The innovative plugin integrates touchless interaction and control into Unity supported platforms, expanding software development opportunities and enabling commercial gaming companies and enterprises to create increasingly customized experiences for their users. Through integration with the Company's Mudra Inspire neural input wristband, new creative and immersive experiences that redefine the boundaries of user interaction can be introduced into desktop, mobile, console and VR platforms.
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SSTK | Hot Stocks09:06 EDT Shutterstock offers enterprise customers indemnification for AI image creation - Shutterstock announced its offering to provide Enterprise customers with full indemnification for the license and use of generative AI images on its platform. "We're at an inflection point in the use of generative AI technology as business professionals are seeking more assurance around their rights to legally use AI-generated content, and creators of original content want to ensure their work is fairly licensed for use," said John Lapham, General Counsel at Shutterstock. "We have always sought to manage risk for our customers and are uniquely positioned to bring a commercially viable image generator to market and indemnify its outputs, because of our relationship with artists and intimate understanding of the complexities of licensing."
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PFE ARVN | Hot Stocks09:05 EDT Pfizer, Arvinas and Carrick Therapeutics collaborate for oncological combination - Carrick Therapeutics, an oncology-focused biopharmaceutical company, announced a clinical trial collaboration and supply agreement with Arvinas (ARVN) and Pfizer (PFE). This agreement covers the execution of a Phase 1b/2 clinical trial to evaluate the novel combination of Carrick's samuraciclib, an oral and first-in-class inhibitor of CDK7, and Arvinas' vepdegestrant, an investigational oral Protac estrogen receptor protein degrader being developed in collaboration with Pfizer, in patients who have received prior CDK4/6i, with ER+, HER2- metastatic breast cancer. Arvinas will be the regulatory sponsor of the study in the U.S. and Pfizer will be the acting sponsor for the study conducted in the U.S., as well as the regulatory and acting sponsor of the study outside of the U.S. The three parties will collaborate through a Joint Development Committee. It is anticipated that the Phase 1b/2 trial will be initiated in the second half of 2023. Vepdegestrant is an investigational, orally-bioavailable Protac protein degrader designed to specifically target and degrade the estrogen receptor for the treatment of patients with early and locally advanced or metastatic ER positive/human epidermal growth factor receptor 2 negative breast cancer.
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SLB PBR | Hot Stocks09:05 EDT SLB awarded five-year deal by Petrobras for Delfi digital platform deployment - SLB (SLB) has been awarded a five-year contract by Petrobras (PBR) for an enterprise-wide deployment of its Delfi digital platform. The contract scope covers Petrobras' digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate decision making. The award represents one of Petrobras' largest investments in cloud-based technologies and sets the foundation for it to achieve its decarbonization and net zero targets.
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LSPD | Hot Stocks09:05 EDT Lightspeed says restauranteurs use LightSpeed Restaurant to serve over 1B meals - Lightspeed Commerce marks a game-changing milestone: restaurateurs have leveraged Lightspeed Restaurant to serve over one billion meals worldwide and facilitate more than 300 million unique diner's unforgettable experiences in the last 12 months through this powerful restaurant solution. This extraordinary feat highlights the increase in Lightspeed Restaurant's transaction volume growth.
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CWAN | Hot Stocks09:05 EDT Clearwater Analytics announces Avive went live on its platform - Clearwater Analytics announced that Aviva went live April 1, 2023 on the Clearwater platform as the comprehensive solution for its investment accounting operations and regulatory reporting. "We are excited Aviva has chosen to partner with us. We have provided them with the technology to help deliver their mission and business goals going forward," said Subi Sethi, Chief Client Officer at Clearwater Analytics. "Through our unique SaaS model and multi-asset service platform, Aviva will be able to further optimize their business model, reduce costs, enable sustainable growth, and ensure compliance with increasingly complex regulatory reporting requirements. This aligns well with Aviva's strategic priorities, and we look forward to growing our relationship with them."
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LZM GOGN | Hot Stocks09:03 EDT Lifezone Metals completes business combination with GoGreen Investments - Lifezone Metals announces that on July 6, 2023, Lifezone Holdings Limited completed the previously announced business combination with GoGreen Investments Corporation (GOGN), formerly a blank check company listed on the New York Stock Exchange. Lifezone Metals' ordinary shares and warrants are expected to begin trading on the NYSE under the ticker symbols "LZM" and "LZMW", respectively, at the opening of trading today. The Business Combination was implemented through a newly created holding company, Lifezone Metals. Upon completion of the Business Combination, GoGreen merged into a wholly-owned subsidiary of Lifezone Metals, after which GoGreen ceased to exist and the shareholders of GoGreen received shares in Lifezone Metals, and LHL was acquired by Lifezone Metals, after which LHL became an operating wholly-owned subsidiary of Lifezone Metals and the shareholders of LHL received shares in Lifezone Metals. The Company received gross proceeds from the transaction of approximately $86.6 million, including approximately $70.2 million in aggregate from a private investment in public equity and the receipt of approximately $16.4 million of cash from GoGreen's trust account, net of redemptions. Keith Liddell, Chairman of Lifezone Metals, said: "Today is a momentous occasion in the corporate evolution of Lifezone Metals and one we are immensely proud of. For nearly 30 years, Lifezone Metals' CTO Dr. Mike Adams and I have been developing and improving our Hydromet Technology as a cleaner, lower cost, and more efficient alternative to smelting in the metals extraction process."
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LPLA | Hot Stocks09:03 EDT LPL Financial: Sopher Financial joins broker-dealer, RIA, custodial platforms - LPL Financial announced that the family team at Sopher Financial Group has joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $200 million in advisory, brokerage and retirement plan assets, and join LPL from Kestra Financial. Based in Metuchen, N.J., the multigenerational team is led by Managing Partner Daniel Sopher, who has more than 30 years of experience in the financial services industry. He is joined by sons Bobby Sopher CFP, director of financial planning and lead advisor, and Matthew Sopher CFP, client services director, in addition to Judi Diamond, longtime office manager. Together, they take a personalized approach to helping clients organize and strengthen each area of their financial picture.
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BTBT | Hot Stocks09:02 EDT Bit Digital produced 119.1 BTC in June, up 5% from May - Bit Digital announced its unaudited digital asset production and corporate updates for the month of June 2023. Corporate Highlights for June 2023; In June 2023, the Company produced 119.1 BTC, a 5% increase compared to the prior month. The increase in production was primarily driven by a higher average active hash rate and was partially offset by a decrease in transaction fees compared to the prior month. The Company's active hash rate was approximately 1.78 EH/s as of June 30, 2023. Treasury holdings of BTC and ETH were 485.0 and 11,738.9 with a fair market value of approximately $14.8 million and $22.7 million, respectively, on June 30, 2023. The BTC equivalent of our digital asset holdings as of June 30, 2023 was approximately 1,445.2, or approximately $44.0 million. As of June 30, 2023, Bit Digital had transferred 129 BTC to its strategic partner, Auros Global Limited, as collateral for yield optimization strategies connected to 430 BTC that Auros is conducting on behalf of Bit Digital. This allocation relates to the Company's broader objective to enhance its overall treasury management solutions. The Company had cash and cash equivalents of $18.5 million as of June 30, 2023.
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ACN | Hot Stocks09:00 EDT Accenture wins $98M award from Defense Health Agency - Accenture has won a $98M award from the Defense Health Agency to operate and enhance the Joint Medical Common Operating Picture. The platform provides medical command and control situational awareness for the Department of Defense, combatant commands, and the Armed Services. The MedCOP contract has a period of performance of five years.
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ICE | Hot Stocks08:59 EDT Intercontinental Exchange reports June average daily volume up 5% y/y - Intercontinental Exchange reported June 2023 trading volume and related revenue statistics. "ICE had a strong second quarter and first half as customers utilize our multi-currency platform of global benchmarks across commodities, energy and interest rates to manage their risk exposure," said Ben Jackson, President at ICE. "The growth this year of ICE's flagship oil, natural gas, and soft commodity derivative markets, particularly Brent and TTF, show the crucial role these contracts play in reflecting global fundamentals to meet our customers' hedging needs, underpinned by the strength and liquidity of our commercial customer base. Total ADV up 4% y/y in Q2.
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DTSS | Hot Stocks08:58 EDT Datasea executes ecological upgrade for 5G messaging products - Datasea announced the execution of a comprehensive ecological upgrade for its 5G messaging products. By harnessing the prowess of a large language model, the ability to support diverse applications, and the ability to unify dialogue and entry points, Datasea has enriched its 5G offerings.As a result of this technological upgrade, Datasea has empowered its users with many convenient services. Users can now effortlessly send and receive messages, parse and process information efficiently, and tap into expert, knowledge-based Q&As, text authoring capabilities, and third-party plug-in services. Furthermore, the dynamic responsiveness of these services bolsters the user experience, highlighting the innovative integration of advanced language models into 5G messaging.
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CCDBF | Hot Stocks08:56 EDT CCL Industries acquires Creaprint for $38.1M - CCL Industries has acquired privately held Creaprint, based in Alicante, Spain. Creaprint is a specialist in mould label producer with a manufacturing facility in Alicante, Spain, and a sales office in Miami, Florida, with 2022 sales of $17.0 million and adjusted EBITDA of $5.1 million. The debt and cash-free purchase consideration of $38.1 million includes $5.9 million invested in a new production facility where operations will relocate later this year. The business will now trade as CCL Label, Spain and become an integral part of the Food & Beverage unit in Europe. Coincidentally, the recently announced acquisition of Pouch Partners S.r.l., Italy, from Pouch Partners AG, Switzerland, also closed.
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SGBX | Hot Stocks08:55 EDT Safe & Green: SG DevC unit 'moving towards completion,' final review in early Q3 - Safe & Green Holdings announced that the Company's spin-off of its real estate development subsidiary, SG DevCo, is moving towards completion as the Company has conducted due diligence and submitted its regulatory filings necessary to complete the spin-off. The Company is now awaiting final review and approval of the transaction by the appropriate regulatory bodies, which it expects to receive early in the third quarter of 2023. Once the transaction receives final regulatory approval, the Company will move forward with its plan to list SG DevCo on the Nasdaq exchange by announcing a record date and anticipated listing date, within approximately 30 days. The spin-off and subsequent listing on the Nasdaq exchange are expected to be completed in the third quarter of 2023. The Company plans to distribute thirty percent of SG DevCo to its current shareholders, with Safe & Green Holdings retaining seventy percent..."The planned spin-out of SG DevCo is progressing, and we expect this transaction will be a transformative event for our shareholders," commented David Villarreal, CEO of SG DevCo. ..Given our substantial asset base and projections, as well as our recent history of creative, non-dilutive funding, we believe this strategy will unlock significant value for shareholders." The Company will provide further updates regarding the anticipated Nasdaq record and listing dates when available. "
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IE | Hot Stocks08:55 EDT Ivanhoe Electric, Ma'aden formally establish exploration JV - Ivanhoe Electric announced the closing of the transactions with Saudi Arabian Mining Company Ma'aden. Ma'aden has invested $127.1 million in new common stock of Ivanhoe Electric to become a 9.9% shareholder. Ivanhoe Electric will contribute $66 million of the Ma'aden proceeds into the new Saudi Arabian exploration joint venture company known as "Ma'aden Ivanhoe Electric Exploration and Development Limited Company" to fund exploration activities and the purchase of three new-generation Typhoon machines. The Joint Venture will deploy the disruptive power of Typhoon to explore ~48,500 km2 of underexplored lands in the Arabian Shield that Ma'aden has made exclusively available to the Joint Venture. One of Ivanhoe Electric's existing three proprietary Typhoon geophysical surveying systems is expected to arrive in Saudi Arabia in August. Surveying programs could commence as soon as September of this year. Once Typhoon arrives in country, our joint Technical Committee will begin the extraordinary task of surveying for geophysical anomalies, potentially indicative of sulfide mineral deposits containing copper, nickel, gold and silver, over ~48,500 km2 of underexplored Arabian Shield. The Technical Committee has been working ahead of closing in order to prioritize targets for initial Typhoon surveys so that survey work can commence as soon as possible. Ivanhoe Electric has issued 10,269,604 shares of common stock to Ma'aden, representing 9.9% of the common stock outstanding following the issuance of the new shares to Ma'aden. The new shares were issued at a purchase price of $12.38 per share for gross proceeds of $127.1 million. $66 million of the proceeds will be contributed by Ivanhoe Electric to the Joint Venture to fund its activities. The remaining $61.1 million, net of appliable fees and expenses, will be used by Ivanhoe Electric to advance its US mineral projects, for working capital and general corporate purposes. Ivanhoe Electric has granted Ma'aden a top-up right allowing Ma'aden to maintain its 9.9% ownership. Ma'aden has agreed to a five-year standstill limiting its shareholding to a maximum of 19.9%, subject to certain exceptions. The strategic investment by Ma'aden has been approved by the Toronto Stock Exchange in reliance upon the exemption described in Section 602.1 of the TSX Company Manual, which is available to certain "eligible interlisted issuers" that have less than 25% of their overall trading volume on Canadian marketplaces. Sofia Bianchi has been appointed as Ma'aden's nominee to Ivanhoe Electric's Board of Directors, bringing the Company's board size to nine members.
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RMED | Hot Stocks08:52 EDT Ra Medical Systems says LockeT device utilized in structural heart procedures - Ra Medical Systems announced that its new LockeT device, used as a suture retention device for percutaneous closures, has now been utilized in structural heart procedures. The latest use was in six patients undergoing Watchman & Amulet procedures, where the left atrial appendage is closed off in patients with atrial fibrillation, and two patients receiving the AVEIR Leadless Pacemaker at HCA Trident Medical Center in North Charleston, South Carolina.
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SYTA | Hot Stocks08:51 EDT Siyata Mobile secures $1.4M SD7 order - Siyata Mobile announced that it has secured its largest SD7 order ever in the Company's history from a single customer. The order is valued at approximately $1.4 million. The Company expects to deliver this new order in the second half of 2023.
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MODD | Hot Stocks08:50 EDT Modular Medical appoints Duane DeSisto to board of directors - Modular Medical announced the appointment of Duane DeSisto to its board of directors. Mr. DeSisto was previously President, CEO and Director of Insulet Corporation before retiring in 2014.
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SYT | Hot Stocks08:47 EDT Syla Technologies authorizes Y200M ADS repurchase proram - SYLA Technologies announced that its Board of Directors has authorized a repurchase program pursuant to which it may repurchase up to Y200M of its American Depositary Shares, each ADS representing one one-hundredth of a common share of the Company.
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PHUN | Hot Stocks08:47 EDT Phunware to launch Smart Hospitality Solution at Thumper Pond Resort - Phunware's Smart Hospitality Solution is being launched at Thumper Pond Resort. Set in Minnesota, Thumper Pond Resort offers a championship golf course, spa, dining and an indoor water park surrounded by over 200 acres of woodland. Key features of Phunware's Smart Hospitality Solution include: native iOS and Android applications, guests can receive notifications based on their location and preferences, improving communication and enhancing the guest experience, indoor navigation, wayfinding and mapping, AI and machine learning to provide insights that can improve services, personalize engagement and increase operational efficiency.
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ORBT | Hot Stocks08:46 EDT Orbit's Simulator Products Solutions reports June bookings in excess of $3M - Orbit International announced that bookings from its Simulator Product Solutions LLC subsidiary for the month of June 2023 were in excess of $3,000,000 and its second quarter bookings were approximately $4,500,000. Deliveries for the June 2023 orders are expected to commence in the third quarter of 2023 and are expected to continue through the second quarter of 2024. In addition, the Company also announced that bookings for its Power Group for the month of June were approximately $1,000,000. Deliveries for these orders have already commenced and are expected to continue through the first quarter of 2024.
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IXHL | Hot Stocks08:45 EDT Incannex receives ethics approval for BA/BE clinical trial on IHL-42X - Incannex Healthcare announced that Incannex has received approval from Bellberry Human Research Ethics Committee to commence a bioavailability/bioequivalence clinical trial on IHL-42X, the Company's proprietary drug product for treatment of obstructive sleep apnoea. The BA/BE clinical trial will assess the pharmacokinetics and tolerability of the two active pharmaceutical ingredients in IHL-42X, dronabinol and acetazolamide, compared to the respective FDA reference listed drugs, as well as the effect of food on pharmacokinetics of the two APIs. The study will include 116 participants who will each complete four single dose treatment periods, being dosed with IHL-42X, dronabinol and acetazolamide under fasted conditions as well as IHL-42X under fed conditions. Blood samples will be collected over 48 hours and the concentrations of the APIs and their major metabolites in the samples will be analysed. The clinical trial will be conducted at CMAX Clinical Research in Adelaide, South Australia and managed by Novotech. The design of the BA/BE trial is consistent with US Food and Drug Administration recommendations and specific advice received by Incannex in its pre-IND with the FDA regarding the development of IHL-42X for treatment of OSA. The results of the BA/BE trial will form a critical component of a future new drug application, providing the necessary bridge to the reference listed drugs, thereby facilitating the use of historic safety data via the FDA505(b)2 regulatory pathway. Importantly, the BA/BE study will run in parallel to the pivotal Phase 2/3 trial that will commence after the Company opens an IND with the FDA.
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EBIX | Hot Stocks08:44 EDT Ebix provides strategic update - Ebix provided a strategic update, detailing the paths it is pursuing to achieve the goal of being a debt-free company in 2023. The company announced is progressing with its plan to complete an initial public offering of its EbixCash subsidiary in India. EbixCash intends to announce a IPO listing date publicly as soon as it has the requisite approvals in place.Ebix is in advanced stages of a part-asset sale exercise, with multiple bidding parties, with potential proceeds from the asset sale, being sufficient to repay 100% of its bank debt. Ebix has received bids from a mix of strategic and financial bidders who have already completed substantial due diligence. The company has recently filed the EbixCash financial addendum document in line with the regulatory guidance from Indian regulators, stating its payment solutions revenues on a net basis.
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TGAN | Hot Stocks08:44 EDT Transphorm comments on China restrictions on sourcing semiconductor materials - Transphorm responded to the recent news regarding China export restrictions. Late Monday, July 3 China's Ministry of Commerce stated that it will restrict the exports of materials related to two metals used in semiconductor manufacturing: gallium and germanium. Gallium nitride or GaN, wafer materials are listed as being affected by these regulations. Transphorm manufactures high voltage GaN power semiconductors. Trimethylgallium or TMGa, is used to produce the GaN. The company confirmed that its primary TMGa suppliers are not based in China and that suppliers have confirmed to be well-positioned to meet forecasted demand. Transphorm is therefore securely positioned to continue manufacturing and supplying its GaN devices without interruption. Transphorm also explained gallium is generally a byproduct resulting from refinement processes used to produce popular metals such as aluminum from bauxite ore. Aluminum is produced in numerous countries such as Australia, Brazil, India, Jamaica, and the United States among others. Transphorm will continue to the monitor the situation as necessary but sees no direct impact on its current operations. Nor does the company see long-term sourcing issues.
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ABVC | Hot Stocks08:43 EDT ABVC BioPharma CEO Uttam Patil decides to forgo salary - ABVC BioPharma announced the new CEO of ABVC has chosen to forgo a salary, instead opting for stock options as a pivotal component of his compensation package. ABVC's current pipeline includes a completed Phase II study for a product aimed at major depressive disorder and discussions with the FDA regarding moving forward with the Phase III study. We are also advancing on a Phase IIb study in Attention Deficit Hyperactivity Disorder, ongoing at the University of California at San Francisco and the additional five sites in Taiwan. ABVC plans to accomplish these two tasks by the end of 2023. An evaluation is underway regarding reinstating the Vitargus trials and proceeding with the pivotal trials worldwide. Furthermore, BLEX 404, an oncology product for treating Non-Small Cell Lung Cancer and other cancer types based on combination therapy, has passed the IND approvals from US FDA and is in review at the Taiwan FDA to kick-start the trials.
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INBS | Hot Stocks08:41 EDT Intelligent Bio Solutions signs South American distribution agreement - Intelligent Bio Solutions has signed a distribution agreement for its Intelligent Fingerprinting Drug Screening System with Chile-based company TSCOM SPA, increasing the product's availability across South America. The company received its first order under this agreement, coming from a Chile-based electrical distribution company. The Intelligent Fingerprinting solution analyzes fingerprint sweat to screen for recent drug use, including cannabis, cocaine, opiates, and methamphetamine. The portable system enables workplace managers to conduct non-intrusive testing anytime and almost anywhere.
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ALAR | Hot Stocks08:40 EDT Alarum to scale down operations in Consumer Internet Access business - A purchase pause by the largest customer of CyberKick, the Company's Consumer Internet Access business unit, which accounted for approximately 60% of the consumer internet access segment and approximately 18% of the Company's total revenue for the second quarter of 2023, along with the above-mentioned factors in this segment, supported the decision to focus on revenue that yield high return on investment and profitability. The Company will scale down operations in the Consumer Internet Access business, with material expenses and headcount reductions, in order to right-size accordingly. Alarum will focus on this segment only on its current paying customers which require minor costs to maintain and generate revenues from. These transition measures taken by management will not impact on these existing Consumer Internet Access customers, and the Company remains committed to providing uninterrupted service and support. Further to the Company's announcement of January 18, 2022, regarding the appointment of TerraZone as the Company's exclusive reseller of its legacy cybersecurity solutions, Alarum has now entered into a definitive agreement with TerraZone for the sale of its enterprise cybersecurity business. Alarum's consideration for this transaction is 7% of the fully diluted share capital of TerraZone.
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SIDU | Hot Stocks08:39 EDT Sidus teams with robotics firm Lulav Space to launch EBST at June SpaceX event - Sidus Space announced it has partnered with Lulav Space, a robotics company specializing in space applications to research, develop and demonstrate the benefits of Event-based Star Trackers, EBST. Sidus plans to include the Lulav/Sidus EBST on its fourth planned LizzieSat mission, currently scheduled to launch with SpaceX in June of next year. This contract is part of the previously announced Space Florida award under the Florida-Israel Innovation Partnership...In addition to their lower size, weight and power, low SWaP , event-based cameras have been widely recognized to have exceptional performance at high angular rates compared to traditional camera sensors. Star Trackers capture and analyze star images to accurately determine satellite orientation in space; however, utilizing traditional camera sensors, they can only operate at low angular rates, limiting satellite performance and robustness. This project will combine Lulav's expertise in vision-based space applications with Sidus' satellite development, deployment, and operations expertise, to develop and test in-orbit the first commercial EBST, a star tracker utilizing an event-based camera.
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HILS | Hot Stocks08:39 EDT Hillstream BioPharma licenses technology for proprietary antibody conjugates - Hillstream BioPharma signed an exclusive agreement with Applied Biomedical Science Institute - ABSI - to license technology for human antibodies targeting novel HER2 and HER3 Conformational Epitopes. The goal is to develop proprietary multi-format biologics, including bi-specific antibodies, and antibody drug conjugates. The HER2/HER3 binding ADC is targeted to have a high drug-to-antibody ratio which should increase the anti-tumoral efficacy with an enhanced bystander killing effect. Hillstream intends to combat drug resistant cancers such as HER2-positive metastatic breast cancer, gastric cancer, lung cancer and ovarian cancer. The Applied Biomedical Science Institute has developed technology to target novel functional epitopes of the cancer targets HER2 and HER3. ABSI has granted Hillstream an exclusive license agreement, and Hillstream will have the opportunity to develop HER2 and HER3 antibodies, including multi-specific, ADC, and Quatramer-based therapeutics utilizing portions of these antibodies.
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WULF | Hot Stocks08:36 EDT TeraWulf reports June 2023 production and operations update - TeraWulf provided an unaudited monthly production and operations update for June 2023. Self-mined 347 bitcoin in June with an average production rate of 11.6 bitcoin per day. As with prior months, all self-mined BTC in June was sold generating proceeds of approximately $9.6M. Power cost averaged $9.3k per bitcoin produced, or approximately $0.035/kWh in June. Fully commissioned Building 2 at the Lake Mariner facility and achieved 110 MW of self-mining capacity sitewide. Deployed fleet of over 50,000 miners, comprised of 34,000 miners at its wholly owned Lake Mariner facility in New York and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania. In June, TeraWulf announced its achievement of 5.5 EH/s of operating capacity with the completion of Building 2 at its Lake Mariner facility. In the coming weeks, the company will activate its remaining slots to bring Lake Mariner's self-mining hash rate to a total of 3.6 EH/s and the total self-mining hash rate to 5.5 EH/s and 160 MW of capacity across its two sites. As of June 30, 2023, the company had an operational miner fleet of approximately 50,000 of the latest generation miners, comprised of 34,000 miners at its wholly owned Lake Mariner facility in New York - 5,000 of which are hosted - and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania.
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IDT | Hot Stocks08:36 EDT NRSInsights says June same-store sales increased 7.7% - NRSInsights announced comparative same-store sales results for June 2023. As of June 30, 2023, the NRS retail network comprised approximately 25,200 terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, and tobacco and sundries sellers nationwide, predominantly serving urban consumers. Retail Same-Store Sales Highlights: Same-store sales increased 7.7% from a year earlier. Average sales per calendar day for June increased 1.5% compared to the preceding month. Same-store sales in the preceding month had increased 7.1% compared to the year-ago month. Average sales per calendar day in May increased 1.0% compared to the preceding month. For the three months ended June 30, 2023, same-store sales increased 6.2% compared to the three months ended June 30, 2022; The number of items sold during June 2023 increased 7.3% compared to June 2022 and the number of items sold per calendar day increased 1.0% compared to May 2023. The average number of transactions per store in June 2023 increased 4.3% compared to June 2022 and the average number of transactions per store increased 1.4% compared to May 2023. A dollar-weighted average of prices for the top 500 items purchased in June 2023 increased 2.9% year-over-year, a slight decrease from the 3.2% year-over-year increase recorded in May 2023.
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NRSN | Hot Stocks08:35 EDT NeuroSense provided update on clinical, operational developments in Q2 - NeuroSense Therapeutics provided an update from its CEO, Alon Ben-Noon, on the Company's clinical and operational developments during the second quarter of 2023. Phase 2b Amyotrophic Lateral Sclerosis PARADIGM Trial Completed Patient Enrollment: Topline results expected Q4 2023; 96% of participants who completed the trial chose to continue in the study and be treated with PrimeC through a 12-month open-label extension. Strategic Scientific Agreement with Biogen: Biogen will evaluate the impact of PrimeC on neurofilament levels in the plasma of participants in NeuroSense's Phase 2b ALS PARADIGM trial; Biogen will fund this meaningful neurofilament biomarker study and upon receipt of results, has the right of first refusal to co-develop / commercialize PrimeC for the treatment of ALS for a limited time following the results. Phase 2 Alzheimer's Disease Trial Under Preparation: Biomarker study revealed elevated levels of novel biomarker TDP-43 in AD as compared to healthy controls; Results demonstrate therapeutic potential of NeuroSense's combination drug platform for AD; Phase 2 double-blind proof-of-concept clinical study is now under preparation, with regulatory submissions and site readiness ongoing during Q2 2023 and first patient enrolled expected in Q3 2023. Parkinson's Disease Biomarker Study Completed : NeuroSense observed a statistically significant decrease in levels of AGO2, a novel PD biomarker, in newly diagnosed PD patient when compared to the healthy control group; Planning to co-develop PD indication with collaborators that have a core focus on Parkinson's.
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DTST | Hot Stocks08:35 EDT Data Storage awarded subscription-based cloud services contract - Data Storage has secured a large, subscription-based contract with a promotional products company through its Flagship Solution Group subsidiary. The company has been contracted to provide fully monitored and managed cloud solutions. The solutions provide cloud based disaster recovery and cloud based infrastructure allowing the client to move from legacy hardware to running its critical applications on the company's enterprise cloud.
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BLIN | Hot Stocks08:34 EDT Bridgeline Digital signs $1.2M in new sales in Q3 - Bridgeline Digital provided the following update for the end of its third quarter of fiscal 2023. In its third quarter, Bridgeline won $1.2 million in sales with $600 thousand in licenses, adding over $200 thousand in annual recurring revenue and more than $600 thousand in services. Most sales were for three-year terms and HawkSearch represented the bulk of the new bookings. New customers include Borsheims, Catapult Energy, Seattle Aviation Solutions, and Voltus. Approximately 200 of Bridgeline's existing customers, comprising over 90% of customers and recurring revenue that was contracted for renewal during the quarter, renewed $1 million in licenses, with several customers increasing the size of their license. Renewals included leading enterprises such as AARP, Triumph Motorcycle, and Glasses USA.
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SILC | Hot Stocks08:33 EDT Silicom launches Edge AI product line, enters partnership with Hailo - Silicom announced the first in a new line of Edge AI products, the first fruit of a new partnership that it has formed with Hailo, a leading Artificial Intelligence chipmaker. The new product line integrates Hailo's AI-accelerators into Silicom's existing Edge platforms, thereby solving performance challenges for Edge AI use cases. "We are excited to bring this powerful new Edge AI solution, our first AI-focused product, to the market," commented Liron Eizenman, Silicom's CEO. "By integrating Hailo's groundbreaking chips into our products, we are making it cost-effective to move behavior analytics, human intrusion detection, facial recognition and vehicle analytics to the edge. This will help our customers unlock new use cases and provide new revenue streams and more value to their customers. In fact, we are already engaged in POCs and in discussions with customers on different use cases."
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DRIO | Hot Stocks08:33 EDT DarioHealth announces new full suit employer contract - DarioHealth announced a new employer contract for the Company's full suite of integrated solutions. The new account is scheduled to launch in the second half of 2023. The new account is an educational organization based in the Midwest contracting with Dario to provide employees with an integrated and proven solution to address diabetes, pre-diabetes, hypertension, musculoskeletal and behavioral health needs. The contract represents continued demand for integrated multi-chronic solutions in the employer market and the increasing willingness of employers to launch solutions outside of the traditional benefits lifecycle as the growing costs of chronic condition management put pressure on benefits professionals.
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MYGN | Hot Stocks08:32 EDT Myriad Genetics announces $90M asset-based credit facility - Myriad Genetics has established a new $90 million asset-based credit facility with JPMorgan Chase Bank, N.A. as administrative agent and issuing bank, and the other lender parties thereto consisting of Wells Fargo Bank, N.A. and Bank of America, N.A. The ABL Facility includes an option to increase the maximum principal amount by up to $25 million for a total of $115 million. The ABL Facility replaces the Company's previous credit facility and matures on June 30, 2026. The ABL Facility is secured by substantially all of the assets of Myriad Genetics and its subsidiaries. Additional details on the ABL Facility, including the interest rate on loans under the ABL Facility, are included in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2023.
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WKSP | Hot Stocks08:32 EDT Worksport partners with McAllister & Quinn for federal grant acquisitions - Worksport announced a strategic business relationship with McAllister & Quinn. McAllister & Quinn is a federal government relations and grants consulting firm that offers services to identify, strategically plan for, and pursue federal funding opportunities and advocate for federal policy issues aligned with Worksport's strategic priorities and goals.
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ENV | Hot Stocks08:32 EDT Envestnet's Elevate receives third consecutive choir certification - Envestnet announces that its Envestnet Summit 2023 - Elevate - a preeminent annual industry conference - has received the Choir Certification for conferences meeting standards for diversity, equity, and inclusion among speakers as well as panel moderators and participants. "At Envestnet, we are very proud to support this work and believe that while change can start small, providing a platform for diverse voices at conferences is a meaningful way to improve their representation in our industry," said Bill Crager, Co-Founder and Chief Executive Officer of Envestnet. "Through Envestnet Elevate, we are working side-by-side with Choir to amplify the voices of women, people of color, and other groups who have traditionally been underrepresented in finance-and we hope more organizations will join us in this effort."
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ORA | Hot Stocks08:32 EDT Ormat Technologies seeks supplemental NEPA review for Dixie Meadows - Ormat Technologies announced that its wholly owned subsidiary Ormat Nevada Inc. recently requested the Bureau of Land Management to begin a supplemental National Environmental Policy Act review for the Company's Dixie Meadows Geothermal Project. Ormat has determined that its resources are more efficiently dedicated to Endangered Species Act consultation within the context of additional review under NEPA. Previously, Ormat had been defending litigation on the existing Project NEPA approval, while simultaneously undergoing ESA consultation with the US Fish and Wildlife Service (USFWS) for the Dixie Valley Toad. The science assessed in the original NEPA review supports the BLM's conclusion that geothermal development will not affect the Dixie Meadows hot springs or the area's Dixie Valley Toad. Ormat's geothermal plants utilize cutting-edge binary technology that re-inject 100% of the geothermal fluids back into the production zone for reheating in order to produce renewable, emissions-free clean energy. Unlike older, less advanced technology, these plants do not consume groundwater. Nonetheless, additional NEPA review will ensure a full public review and renewed consideration of the measures available to avoid, minimize, or mitigate any potential environmental impacts.
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TTEC | Hot Stocks08:31 EDT TTEC Holdings announces new customer experience delivery center in Brazil - TTEC Holdings announced the opening of a new customer experience delivery center in Brazil. "We are thrilled to relocate our Brazilian team into this new location in Sao Paulo," said Chuck Koskovich, chief operating officer of TTEC Engage. "TTEC has hundreds of employees in Brazil who will enjoy an improved experience with easier access to transportation, shopping, restaurants, and services. We are proud of the outstanding culture we've built in Brazil over the past 25 years that inspires associates to think big, innovate, grow, and relentlessly drive the company's values." This new delivery center hosts more than 430 seats across four floors.
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RARE MREO | Hot Stocks08:31 EDT Ultragenyx doses first patient in Phase 3 Osteogenesis Imperfecta trial - Ultragenyx (RARE) announced that the first patients have been dosed in both of its late-stage clinical trials evaluating setrusumab in pediatric and young adult patients with OI sub-types I, III and IV. The Phase 3 portion of the pivotal Phase 2/3 Orbit study is evaluating the effect of setrusumab compared to placebo on annualized clinical fracture rate in patients aged 5 to less than 26 years. The newly initiated Phase 3 Cosmic study is an active-controlled study evaluating setrusumab compared to intravenous bisphosphonate (IV-BP) therapy on annualized total fracture rate in patients aged 2 to less than 5 years. Ultragenyx is leading the clinical development of setrusumab as part of a collaboration and license agreement with Mereo BioPharma (MREO). The companies recently announced positive data from the dose-selection Phase 2 portion of the Orbit study showing that setrusumab rapidly induced bone production in OI-affected patients.
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SYK | Hot Stocks08:30 EDT Stryker launches Ortho Q Guidance system - Stryker announced the launch of its Ortho Q Guidance system, the only fully autonomous system in the industry, easily controlled by the surgeon from the sterile field. "Ortho Q was designed specifically for our orthopaedic customers and is the culmination of a multiyear collaboration between teams in India, Germany and the United States. This platform builds a foundation for the future of orthopaedic surgical capability," said Bill Scott, vice president and general manager of Stryker's Orthopaedic Instruments business.
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SHIP | Hot Stocks08:30 EDT Seanergy Marine to acquire Newcastlemax vessel via bareboat-in charter - Seanergy Maritime Holdings repurchased 362,161 common shares, or approximately 2% of its issued and outstanding shares, at an average price of approximately $4.35 per share pursuant to its previously announced share repurchase program. The average share repurchase price represents approximately a 11.2% discount from the closing price of July 5, 2023. Moreover, the Company entered into a 12-month bareboat charter agreement with an unaffiliated third party in Japan for a 2011-built Newcastlemax dry bulk vessel of 207,855 dwt built at Nantong COSCO KHI Ship Engineering. Pursuant to the terms of the bareboat charter, Seanergy has advanced a down payment of $3.5 million and will pay an additional $3.5 million on delivery of the vessel to the Company, as well as a daily bareboat rate of $9,000 over the charter period. Delivery is estimated to take place between August and December 2023 while at the end of the 12-month bareboat period, Seanergy has an option to purchase the Vessel for $20.2 million.
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NSRCF | Hot Stocks08:29 EDT NextSource Materials completes 2.6MW solar farm at Molo Graphite - NextSource Materials announced that construction of the solar farm for the solar hybrid power plant at the Company's Molo Graphite mine in Madagascar has been completed. The Solar Hybrid Plant is owned and operated by CrossBoundary Energy under a 20-year power purchase agreement and consists of the 2.6 MW solar farm, a 3.1 MW thermal facility, and a 1 MWh battery energy storage system, which is expected to arrive in the next few weeks. The solar farm was constructed by CBE using local labour and comprises a total of 4,902 photovoltaic panels, covering 12,663 square metres, installed on ballasted mounting systems. The 2.6 MW solar farm is expected to produce approximately 4 GWh of clean energy per year, reducing the mine's all-in sustaining costs, and is expected to reduce carbon emissions by 2,275 tonnes annually. Final electrical interconnections between the solar farm with the mine are now underway and are expected to be completed within the coming weeks. The Solar Hybrid Plant is designed to generate 33% of the Molo mine's steady-state power requirements from renewable energy. The solar facility together with load balancing provided by the BESS will be capable of supplying up to 100% of the plant's power requirements during peak daylight hours, with the thermal facility supplying all off peak power requirements, thereby ensuring an uninterrupted power supply to the mine.
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AMRC | Hot Stocks08:26 EDT Ameresco secures additional large BESS - Ameresco announced that it has secured additional large Battery Energy Storage System, or BESS. These four co-located energy storage projects, to be sited at gas power plants owned by Middle River Power, an independent power company wholly owned by Avenue Capital, are designed to add 379 megawatt-hours to the California grid. The four energy storage projects are in support California's efforts to achieve the 100% renewable energy goal by 2045.
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BDRX | Hot Stocks08:24 EDT Biodexa Pharmaceuticals announces publication on PNOC015 study - Biodexa Pharmaceuticals announced the publication of the results of an investigator-initiated Phase I study PNOC015 of MTX110 in the treatment of pediatric patients with DMG in the Journal of Neuro-Oncology. The study recruited seven pediatric patients with confirmed diagnosis of DMG, after radiation therapy. Convection Enhanced Delivery of MTX110 at doses escalating from 30microM to 90muM was performed, with a total of 48 infusions across all patients. The study has demonstrated acceptable safety profile of the treatment and encouraging efficacy with median overall survival of 26.1 months comparing favourably with historical data of OS of 10.0 months.
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MXCT LYEL | Hot Stocks08:22 EDT MaxCyte, Lyell Immunopharma sign strategic platform license - MaxCyte (MXCT) announced the signing of a strategic platform license with Lyell Immunopharma (LYEL). Under the terms of the agreement, Lyell Immunopharma obtains non-exclusive clinical and commercial rights to use MaxCyte's Flow Electroporation technology and ExPERT platform. In return, MaxCyte is eligible to receive platform licensing fees, clinical milestone payments and sales-based payments.
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CLDX | Hot Stocks08:21 EDT Celldex doses first patient in Phase 2 study of barzolvolimab - Celldex Therapeutics announced that the first patient has been dosed in the Company's Phase 2 subcutaneous study of barzolvolimab in eosinophilic esophagitis. EoE is the most common type of eosinophilic gastrointestinal disease, a chronic inflammatory disease of the esophagus. Several studies have suggested that mast cells may be an important driver in this disease. Barzolvolimab is a humanized monoclonal antibody that specifically binds the receptor tyrosine kinase KIT with high specificity and potently inhibits its activity, which is required for the function and survival of the mast cell. The randomized, double-blind, placebo-controlled, parallel group Phase 2 study is evaluating the efficacy and safety profile of subcutaneous barzolvolimab in patients with active EoE. Approximately 60 patients will be randomly assigned on a 1:1 ratio to receive subcutaneous injections of barzolvolimab at 300 mg every 8 weeks or placebo during a 16-week placebo-controlled treatment phase. Patients then enter a 12-week active treatment phase, in which all patients will receive barzolvolimab 300 mg every 8 weeks. Patients then enter a follow-up phase for an additional 16 weeks. The primary endpoint of the study is reducing esophageal intraepithelial infiltration of mast cells as assessed by peak esophageal intraepithelial mast cell count. Secondary endpoints include the reduction of symptoms of dysphagia and esophageal intraepithelial infiltration of eosinophils and safety. When all clinical trial sites are open, the study will include approximately 60 clinical trial centers across 8 countries, including the United States.
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BKR | Hot Stocks08:20 EDT Baker Hughes to supply three liquefaction trains for Rio Grande LNG Project - Baker Hughes has been awarded an order by Bechtel Energy - to be booked in the second quarter of 2023 - to supply three Main Refrigerant Compressors for NextDecade's Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply six Frame 7 gas turbines paired with 18 centrifugal compressors across Rio Grande's first three LNG trains in a parallel configuration arrangement, providing more operational flexibility - for a nameplate capacity of 17.61 MTPA.
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CRBU PFE | Hot Stocks08:18 EDT Caribou Biosciences announces $25M investment from Pfizer - Caribou Biosciences (CRBU) announced that Pfizer (PFE) has made a $25 million equity investment in the company. Pfizer purchased 4,690,431 of Caribou common shares at a price of $5.33 per share, pursuant to the terms of a Securities Purchase Agreement dated June 29, 2023. The purchase by Pfizer closed on June 30, 2023. In conjunction with the investment, Sriram Krishnaswami, PhD, has joined Caribou's Scientific Advisory Board. Caribou will use the proceeds of this investment to advance CB-011, an immune cloaked allogeneic CAR-T cell therapy currently being evaluated in the CaMMouflage Phase 1 clinical trial in patients with relapsed or refractory multiple myeloma. Caribou will maintain full ownership and control of its pipeline of allogeneic CAR-T and CAR-NK cell therapies.
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OR | Hot Stocks08:16 EDT Osisko Gold earns approximately 24,645 GEOs in Q2 - Osisko Gold Royalties provides an update on its second quarter 2023 deliveries, revenues, cash margin and recent asset advancements. PRELIMINARY Q2 2023 RESULTS: Osisko earned approximately 24,645 attributable gold equivalent ounces in the second quarter of 2023, including 1,527 GEOs earned from the recently acquired CSA silver stream, for which revenues are expected to be recognized in the third quarter of 2023. Osisko recorded preliminary revenues from royalties and streams of $60.5 million during the second quarter and preliminary cost of sales of $4.3 million, resulting in a quarterly cash margin of approximately $56.2 million. Paul Martin, Interim CEO of Osisko, commented: "It is a privilege to be granted the opportunity to become Interim CEO of Osisko, a leading royalty company with an exceptional portfolio of assets. I look forward to overseeing management's continued execution of its successful strategy of originating and delivering high quality royalty and streaming transactions while the board continues its search for the next leader of the company." Osisko will provide full production and financial details with the release of its second quarter 2023 results after market close on Wednesday, August 9th, 2023 followed by a conference call on Thursday, August 10th at 10am ET.
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VXRT | Hot Stocks08:15 EDT Vaxart reports positive topline Phase 2 data of norovirus vaccine candidate - Vaxart announced positive topline data from the dose-ranging Phase 2 clinical trial of its oral pill bivalent norovirus vaccine candidate. Preliminary results of the trial showed robust serum immune responses across all doses at Day 29 relative to Day 1. Both doses showed a similar increase in serum antibody responses with no statistical difference between the medium and high dose arms. Results from this Phase 2 dose-ranging study also demonstrated that the bivalent norovirus vaccine candidate was well tolerated, with a favorable safety profile that included no vaccine-related serious adverse events and no dose limiting toxicity. Collectively, the data from these completed trials have shown immune responses from Vaxart's oral norovirus vaccine constructs to be strong, long-lasting, and comparable to natural infection. Additional timepoint measures and mucosal data from this study are expected in the second half of 2023. The data support the continued development of Vaxart's oral norovirus vaccine candidate in adult populations. These data will inform dosage amounts for a bivalent norovirus Phase 2b study, the next step in progressing the vaccine candidate. The Phase 2b study is expected to add safety data that, if successful, will then enable Vaxart to schedule an End-of-Phase 2 meeting with the FDA, potentially in 2024.
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GFOR | Hot Stocks08:14 EDT Graf Acquisition IV, NKGen to co-host investor event - NKGen Biotech and Graf Acquisition Corp. IV will co-host an investor event at the Lotte New York Palace Hotel on July 20, 2023 at 10:00 AM ET. Presentation topics include NKGen's differentiated intellectual property and approach to NK cell therapy for Alzheimer's and Parkinson's diseases, NKGen's Phase 1 clinical trial data of SNK01 to treat patients with Alzheimer's disease, preclinical compassionate use case studies, and the proposed business combination transaction between NKGen and Graf.
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FIS | Hot Stocks08:13 EDT GTCR to acquire majority stake in Worldpay from FIS - GTCR announced that it has signed a definitive agreement to acquire a majority stake in Worldpay from FIS. GTCR will acquire 55% of Worldpay, and FIS will retain the remaining 45%, in a transaction that values the business at $18.5B. As part of the agreement, GTCR has committed an additional equity capital investment in Worldpay of up to $1.25B to pursue inorganic growth opportunities. Worldpay and FIS will continue to work together closely in partnership on a commercial basis to best serve customers and deliver innovative solutions into the marketplace. Charles Drucker, the former Executive Chairman and Chief Executive Officer of Worldpay, will become CEO of the standalone Worldpay business upon close. "We are thrilled to partner with Worldpay and its talented team to drive forward this market leading business," said Collin Roche, GTCR Co-CEO and Managing Director. "Worldpay has established itself as a leader in the payments sector, and we see strong opportunity to enhance its existing physical, e-commerce and omni-channel presence through additional investment, allowing the business to capitalize on digital payment trends. We look forward to leveraging the strength of the entire organization to build an even better business, positioning Worldpay for sustainable, long-term growth."
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SIMO MXL | Hot Stocks08:12 EDT Silicon Motion not conducting Q2 earnings conference call - Silicon Motion Technology will release its second quarter 2023 financial results after the market closes on July 27, 2023. The company will not be conducting its customary earnings conference call due to restrictions associated with the Transaction with MaxLinear, and thus will not be providing updates regarding the Transaction or additional financial details or guidance beyond what will be made available in the earnings press release. Any further material information relevant to the transaction will be provided in subsequent press releases or public filings with the Securities and Exchange Commission.
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ALHC | Hot Stocks08:12 EDT Alignment Healthcare appoints Melinda Kimbro as Chief People Officer - Alignment Health appointed Melinda Kimbro as its new chief people officer. Kimbro joined on June 30 to lead the company's human resources function. Kimbro spent over two decades at Viasat, where she helped grow the company from 500 to 7,000 employees across 20 countries. At Viasat, Kimbro served in various HR, employee relations and developmental roles, including head of HR, senior vice president of people and culture and chief people officer. She previously held positions in corporate learning and organizational development for Nicholas-Applegate Capital Management, Qualcomm Personal Electronics and Sony Electronics.
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TTOO | Hot Stocks08:11 EDT T2 Biosystems announces conversion of 20% of CRG term loan into equity - T2 Biosystems announced the conversion of approximately 20% of its term loan with entities affiliated with CRG Servicing into T2 Biosystems common stock and Series B convertible preferred stock. The conversion reduces the outstanding principal amount of the term loan by $10 million, or approximately 20%, in exchange for 48,345,798 shares of T2 Biosystems common stock and Series B Convertible Preferred Stock convertible into 93,297,259 shares of common stock, based on the June 30, 2023 close of business price of $0.0706 per share. The Series B Preferred shares will be eligible to be converted into common stock upon shareholder approval. The December 30, 2024 interest-only period end and maturity date of the term loan is unchanged. Following this transaction, CRG is now a 19.99% beneficial owner of T2 Biosystems' outstanding common stock.
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DGX | Hot Stocks08:11 EDT Quest Diagnostics, Proov collaborate on home fertility test - Available through a collaboration with the consumer-initiated testing business of Quest Diagnostics and Proov, maker of at-home fertility and hormone tests, the Proov Confirm PdG test is the first and only FDA-cleared PdG home test kit to confirm successful ovulation. The test is the first women's health test from a third-party manufacturer available through questhealth.com. "I created Proov after my own battle with infertility because I wanted other women to have more information and options than what I had at the time," said Proov founder and CEO, Amy Beckley, PhD. "We are thrilled to collaborate with Quest to broaden access to Proov Confirm so even more women can access insights to help them realize their dream of raising a family."
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DOCN | Hot Stocks08:11 EDT DigitalOcean acquires Paperspace for $111M in cash - DigitalOcean has acquired Paperspace, a provider of cloud infrastructure as a service for highly scalable applications leveraging graphics processing units, or GPUs. The acquisition and integration of Paperspace's advanced technology into the DigitalOcean platform will extend DigitalOcean's offerings, enabling customers to more easily test, develop and deploy artificial intelligence and machine learning applications, augment and enhance existing AI/ML applications and utilize GPUs in ways that have predominantly been the domain of large enterprises. Under the terms of the transaction, DigitalOcean acquired Paperspace for $111M in cash. The acquisition is expected to have an immaterial impact on 2023 financial results. "Paperspace is a rapidly growing business with leading edge technology that significantly accelerates our AI/ML capabilities. We expect it to enhance our revenue growth in 2024 and beyond and we will invest commensurately to further accelerate its growth and take full advantage of this tremendous emerging market opportunity," said Matt Steinfort, DigitalOcean's CFO. On its Q2 2023 earnings call on August 3, DigitalOcean will share more details on the strategic benefits of the acquisition and update the company's financial outlook for 2023.
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ALTU | Hot Stocks08:11 EDT Altitude Acquisition extends deadline to complete business combination - Altitude Acquisition announced that its board of directors, upon request by Altitude's sponsor, Altitude Acquisition Holdco has extended the date by which Altitude must consummate an initial business combination for an additional month, from July 11, 2023 to August 11, 2023. Altitude's Amended and Restated Certificate of Incorporation, as amended, gives the Board the right to extend the Deadline Date, without further stockholder vote, up to eight times for an additional one month each time, from April 11, 2023 to up to December 11, 2023. On June 30, 2023, pursuant to the Charter and upon request from the Sponsor, the Board determined to implement a fourth Extension. As previously announced, on April 23, 2023, Altitude entered into a business combination agreement with Picard Medical and the other parties thereto, which provides for a business combination between Altitude and Picard. The purpose of this monthly Extension is to provide Altitude with additional time to consummate the proposed business combination with Picard.
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PXMD | Hot Stocks08:09 EDT PaxMedica grants exclusive pharmacy distribution rights for PAX-101 to Vox Nova - PaxMedica has signed an exclusive pharmacy distribution agreement for PaxMedica's lead pipeline asset, PAX-101. VoxNova is the first purpose-built limited distribution specialty pharmacy benefit manager that is focused on ASD. Under the agreement, VoxNova will have exclusive access to PaxMedica's PAX-101 intravenous suramin in the United States for a period of up to seven years.
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TMO | Hot Stocks08:09 EDT Thermo Fisher acquires CorEvitas from Audax for $912.5M in accretive deal - Thermo Fisher Scientific announced it has entered into a definitive agreement to acquire CorEvitas from Audax Audax for $912.5M in cash. CorEvitas manages 12 registries, including nine autoimmune and inflammatory syndicated registries. Its multi-therapeutic data intelligence platform builds and scales multiple clinical registries across specific therapeutic areas to gather structured patient clinical data spanning more than 400 investigator sites and over 100,000 patients followed longitudinally. CorEvitas has been a partner to pharma and biotech customers for more than 20 years. With approximately 300 employees, operational momentum and strong leadership, CorEvitas is well positioned to grow its revenue organically in the low double digits, with expected revenue of $110M in 2023. Raymond H. Hill, chairman and chief executive officer of CorEvitas, said, "This is an exciting next step for CorEvitas. Thermo Fisher shares our science-led and mission-driven culture and commitment to driving innovation and improving patient outcomes. I am confident that becoming part of a global leader with deep life science expertise, commercial reach, international presence, and proven operational excellence will provide significant opportunities for both our customers and our colleagues. I look forward to working with the entire Thermo Fisher team as we enter this next phase of growth." The transaction, which is expected to be completed by the end of 2023, is subject to customary closing conditions, including regulatory approvals. Upon completion, CorEvitas will become part of Thermo Fisher's Laboratory Products and Biopharma Services segment. The transaction is expected to be immediately accretive to adjusted earnings per share by $0.03 in 2024.
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CRIS | Hot Stocks08:09 EDT Curis announces FDA removed partial hold on TakeAim Leukemia Phase 1/2 study - Curis announced that the U.S. Food and Drug Administration, FDA, has removed the partial clinical hold on the TakeAim Leukemia Phase 1/2 study of emavusertib. Further, the recommended phase 2 dose, RP2D, for emavusertib as a monotherapy has been established at 300 mg BID in patients with Acute Myelogenous Leukemia or Myelodysplastic Syndromes. "We are pleased to announce that FDA has removed the partial clinical hold on the TakeAim Leukemia study and that we are proceeding with 300 mg BID as our RP2D. We are working with our clinical sites to enroll targeted patients with AML (patients with a FLT3 or spliceosome mutation who have received less than or equal to 2 prior lines of treatment). We also plan to initiate a front-line combination study of emavusertib with azacitidine and venetoclax. We believe emavusertib has the potential to be the cornerstone agent in the treatment of hematological malignancies." said James Dentzer, President and Chief Executive Officer of Curis. "In 2024, we expect to have updated data from the TakeAim Leukemia monotherapy study, clarification of a monotherapy registrational study design, and initial data from an azacitidine and venetoclax combination study."
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ASST | Hot Stocks08:08 EDT Asset Entities enters agreement with NFL star Michael Irvin - Asset Entities has entered into an agreement with Michael Irvin, former NFL Superstar, Hall of Fame Wide Receiver, three time Super Bowl Champion, and Emmy Award winning Sports Analyst as a consultant in the area of Sports and Entertainment and to contribute to the expansion of AE.360.DDM and its suite of services, including Asset Entities' social media marketing and other areas.
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LDOS | Hot Stocks08:08 EDT Leidos announces new manufacturing facility in South Carolina - Leidos announced plans to establish a new security systems manufacturing facility in North Charleston, South Carolina. This will be the company's third security systems manufacturing location in the U.S., expanding its presence and support to customers. Leidos will invest $31.7M in the new facility, creating up to 170 new jobs in the region over time. "This facility brings more manufacturing back into the U.S. and expands Leidos' global security capabilities for the aviation and critical infrastructure markets," said Jim Moos, Leidos Civil Group president. "We're thrilled to expand into the North Charleston area and look forward to making a positive impact in the community." The new facility will produce security systems for Leidos' Security Enterprise Solutions operation.
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ECOR | Hot Stocks08:08 EDT electroCore's vagus nerve stimulation selected for NFL-funded concussion study - electroCore's gammaCore non-invasive vagus nerve stimulation - nVNS - has been selected to be a part of studies on effects of cannabinoids and alternative care on athlete pain management and performance. The NFL and NFLPA are jointly awarding two research grants to independent medical researchers at the American Society of Pain and Neuroscience and Emory University. The grants will fund investigations into first-of-their-kind, alternative pain management methods that could benefit NFL players, and society at large. The randomized study will compare nVNS and cannabidiol in contact sport athletes experiencing Post-Traumatic Headache to current standard of care treatment. The pilot data gathered in this study will guide future investigations into treatment of patients with post-traumatic headache.
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VHNA | Hot Stocks08:07 EDT Roadzen completes acquisition of National Automobile Club - Roadzen announced completion of its acquisition of National Automobile Club in a move that will bolster Roadzen's U.S. presence and help the Company transform the massive commercial auto insurance market in the U.S. NAC is a licensed auto club in California and a provider of claims management and 24/7 commercial roadside assistance in the U.S. NAC is focused on the commercial automotive industry and its nationwide network of professional service providers provides roadside, transport and first notice of loss aervices. NAC is headquartered in Burlingame, California. NAC's business-to-business model is focused on a client base of federal and state fleets, small businesses and commercial fleets, automotive OEMs, fuel card companies, insurance carriers, leasing and financing companies, warranty companies and auto-related companies throughout the country. Roadzen intends for NAC to operate as a standalone subsidiary to allow for greater flexibility and agility in responding to local market conditions and regulatory requirements, while leveraging Roadzen's technology, underwriting expertise and sales and operations support. The completion of the acquisition of National Automobile Club also satisfied a closing condition of Roadzen's proposed business combination with Vahanna, a special purpose acquisition company. On February 13, 2023, Roadzen and Vahanna announced that they have entered into a definitive merger agreement. Upon the closing of the transaction, the combined company will operate as Roadzen and expects to be listed on Nasdaq.
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DBCCF | Hot Stocks08:06 EDT Decibel Cannabis announces results of AGM of shareholders - Decibel Cannabis Company announces the results of its annual general meeting, AGM, of shareholders held on July 5, 2023. Results of the Meeting: Shareholders approved all matters submitted by the Company for consideration at the Meeting. At the Meeting, Shareholders: fixed the number of directors of the Company to be elected at the Meeting at five directors; elected each of Shawn Dym, Manjit Minhas, Nadia Vattovaz, Jakob Ripshtein and Paul Wilson to serve as directors of the Company; and appointed KPMG Chartered Professional Accountants, as the Company's auditors.
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HZNP | Hot Stocks08:05 EDT Horizon Therapeutics publishes data from Mirror study of Krystexxa - Horizon Therapeutics announced the publication of the long-term data from the MIRROR randomized controlled clinical trial of KRYSTEXXA or pegloticase, injection with methotrexate, a commonly used immunomodulator, in ACR Open Rheumatology. "Publication of these 12-month data reinforces key findings shown at Month 6, including the durability of urate-lowering response, reduced infusion reactions and reduced immunogenicity of pegloticase when co-administered with methotrexate," said Kenneth Saag, M.D., author and Director of Clinical Immunology and Rheumatology at the University of Alabama at Birmingham. "Encouragingly, urate-lowering efficacy with the co-therapy approach was sustained over time with continued treatment in most patients. Further, the number of patients seeing complete resolution of at least one tophus markedly increased between Month 6 and Month 12 of treatment." This analysis extends the MIRROR randomized controlled trial body of data through Month 12 of treatment, showing a largely sustained patient response rate and similar safety profile as the Month 6 findings: .
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AUID | Hot Stocks08:05 EDT authID announces new customer contracts - authID has secured new customer contracts with an estimated aggregate Booked Annual Recurring Revenue or BARR of approximately $239,000 during the quarter ended June 30, 2023. authID's new customers include a Fortune 500 company with over 100,000 employees, working with authID to secure workforce access to shared corporate devices and applications; a U.S. financial institution using our services to streamline customer onboarding and weed out imposters; and an international recruitment platform who need our services to verify identity of new hires and automate document collection, in order to deliver trusted candidates to their corporate customers.
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BBWI | Hot Stocks08:05 EDT Bath & Body Works introduces new reformulated hand soap - Bath & Body Works's latest launch in the hand soap category meets consumer demand for a formula made without parabens, sulfates and dyes in packaging that supports the brand's recently-announced ESG commitments and spans all hand soaps in the assortment. "Delivering quality products has always been our priority, and we're responding to customer demands by giving them hand soaps that offer same efficacious results but are made without sulfates, parabens and dyes in our unmatched breadth of fragrance choice," said Betsy Schumacher, Chief Merchandising Officer at Bath & Body Works.
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AQST | Hot Stocks08:04 EDT Aquestive Therapeutics presenting positive data of Anaphylm sublingual film - Aquestive Therapeutics announced that two posters recapping the positive data from pharmacokinetic and pharmacodynamic studies of Anaphylm epinephrine sublingual film will be presented at the Global Food Allergy Prevention Summit held July 7-9 in Chicago. Anaphylaxis is a serious systemic hypersensitivity reaction with that is rapid in onset and potentially fatal.
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MULN | Hot Stocks08:04 EDT Mullen Automotive announces $25M stock buyback program - Mullen Automotive Board of Directors of the Company has authorized a stock buyback program, pursuant to which the Company may, until Dec. 31, 2023, purchase up to $25M in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The authorization of the stock buyback program does not obligate the Company to purchase any shares and may be terminated or amended by the Board at any time prior to its expiration date.
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HRT | Hot Stocks08:04 EDT HireRight acquires majority share of Digital Trusted Identity Services - HireRight announced the acquisition of a majority share of Digital Trusted Identity Services, an FBI-approved channeler specializing in collecting and processing biometric and biographical data. This investment expands HireRight's commitment to biometric-based screening, including fingerprinting, as a critical component for customers in regulated industries - such as healthcare, financial services, transportation, and aviation - as well as non-regulated industries. The remaining minority share of DTIS is retained by the American Association of Airport Executives Inc., the world's largest professional organization representing individuals who work at public-use commercial and general aviation airports.
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ALRM | Hot Stocks08:04 EDT Alarm.com's SDS appoint Stephen Carney as President - Shooter Detection Systems, SDS, an Alarm.com, announces the appointment of Stephen Carney as the company's new President. Carney previously served as Vice President of Global Product Management for HID Global. Additionally, Rich Onofrio, former Managing Director of SDS, has assumed the role of Chief Technology Officer, leading the Engineering team following the retirement of Ronald Fowler, the company's original CTO.
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LNZA | Hot Stocks08:03 EDT LanzaTech appoints Zara Summers as CSO, Michael Kopke as CIO - LanzaTech Global announced the promotion of Dr. Zara Summers to Chief Science Officer and Dr. Michael Kopke to Chief Innovation Officer. In her new role, Dr. Summers will oversee the entirety of LanzaTech's Science division - which encompasses Synthetic Biology, Fermentation, AI, and Computational Biology - unifying and streamlining the Company's R&D work for commercial success. She will have accountability for the Company's technology pipeline and technical portfolio. Prior to the promotion, Dr. Summers served as LanzaTech's VP of Science. Dr. Kopke will oversee the process of innovation within the Company, including identifying next technology breakthroughs, developing and incubating technology and business opportunities for LanzaTech, and increasing organizational resilience and flexibility through its technology investments. He will continue to play a leading role in establishing and coordinating technology partnerships and innovation networks and will lead a Distinguished Technical Council at LanzaTech, that will lead on cutting edge developments that can support the Company's commercial pipeline. Prior to the promotion, Dr. Kopke most recently served as LanzaTech's VP of Synthetic Biology.
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LLY | Hot Stocks08:03 EDT Loxo@Lilly announces NEJM published results from BRUIN Phase 1/2 trial - Loxo@Lilly, the oncology unit of Eli Lilly and Company, announced that The New England Journal of Medicine, NEJM, published detailed results from the BRUIN Phase 1/2 trial evaluating the efficacy and safety of an investigational use of pirtobrutinib, a non-covalent Bruton's tyrosine kinase inhibitor, in adult patients with chronic lymphocytic leukemia or small lymphocytic lymphoma who were previously treated with a BTK inhibitor. The efficacy cohort consisted of 247 BTK inhibitor pre-treated CLL/SLL patients enrolled across both the Phase 1 and Phase 2 portions of the BRUIN study as of July 29, 2022. The primary endpoint was best overall response rate, comprising partial response or better, according to the 2018 International Workshop on Chronic Lymphocytic Leukemia response criteria. This was assessed by an independent review committee blinded to investigator assessments. Additional endpoints were ORR when including PR with lymphocytosis, progression-free survival, overall survival, safety, and exploratory analyses of biomarkers. All efficacy data, except for OS, were assessed by both the investigator and an IRC. Safety was reported in all patients with CLL/SLL who had received at least one dose of pirtobrutinib. The safety profile reported was consistent with previously reported data for pirtobrutinib. Overall, the most common treatment-emergent adverse events were infections, bleeding, and neutropenia. The most frequently reported TEAEs of Grade 3 or higher were infections and neutropenia, and the most frequently reported treatment-related adverse event of Grade 3 or higher was neutropenia.
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AKTX | Hot Stocks08:03 EDT Akari Therapeutics receives positive opinion from EMA on nomacopan designation - Akari Therapeutics announced that the European Medicines Agency - EMA - has issued a positive opinion on the company's application for orphan drug designation for nomacopan as a treatment in hematopoietic stem cell transplantation. The application included nomacopan clinical data from the treatment of patients with pediatric hematopoietic stem cell transplant-related thrombotic microangiopathy, or HSCT-TMA. Akari is currently conducting a registrational Phase 3 clinical trial of nomacopan in pediatric HSCT-TMA. Typically, the European Commission grants orphan drug designation 30 days after a positive opinion is issued. The EMA designates orphan drug status for medicines treating rare, life-threatening, or chronically debilitating diseases that meet certain criteria. If the designation is granted, Akari will receive scientific advice tailored for orphan drugs and, if a regulatory filing is approved, Akari also would receive extended market exclusivity.
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JOBY | Hot Stocks08:02 EDT Joby Aviation submits Certification Plans to FAA - Joby Aviation announced it has submitted all of its Certification Plans to the Federal Aviation Administration, or FAA, marking further progress toward completing the third of five stages required to certify its aircraft for commercial use. In the third stage of the FAA type certification process, Joby specifies the tests, analyses, and design reports the company intends to perform to demonstrate compliance with each safety regulation that applies to the company's aircraft, as defined in the second stage.
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ASLN | Hot Stocks08:01 EDT Aslan says Eblasakimab met primary endpoint in Phase 2b dose-ranging study - ASLAN Pharmaceuticals announced positive topline data from its Phase 2b dose-ranging study of eblasakimab in adult patients with moderate-to-severe atopic dermatitis, the TREK-AD study. Eblasakimab met the primary endpoint of percent change from baseline in the Eczema Area and Severity Index score at week 16 versus placebo with statistical significance in three dosing arms: 600mg dosed once every 4 weeks, which was numerically the best performing arm, 400mg dosed once every 2 weeks and 300mg dosed once every 2 weeks. Eblasakimab is a novel monoclonal antibody targeting the IL-13 receptor subunit of the Type 2 receptor, a key pathway driving several allergic inflammatory diseases. Eblasakimab's unique mechanism of action has been observed to enable specific blockade of the Type 2 receptor, preventing signaling through both interleukin 4 and interleukin 13 - the key drivers of inflammation in AD, while sparing the Type 1 receptor. In the TREK-AD Phase 2b study, 289 patients were randomized and treated in the intent-to-treat population across five dosing arms in a 1:1:1:1:1 ratio to receive one of four doses of eblasakimab or placebo for 16 weeks. Key efficacy endpoints, including EASI-75 and a validated Investigator Global Assessment of Atopic Dermatitis score of 0/1, the relevant endpoints for regulatory approval in Europe and the US respectively, are shown below: Key efficacy endpoints: Patients treated with eblasakimab 600mg Q4W, 400mg Q2W and 300mg Q2W saw a rapid onset of action in the first few weeks of treatment, with a statistically significant improvement in EASI score by week 4. Clinically meaningful improvements were achieved in other key efficacy measures compared to placebo after 16 weeks of treatment, including: Eblasakimab 600mg Q4W: 62.7% of eblasakimab treated patients achieved a reduction of at least 75% from baseline, compared to 30.7% on placebo; 34.1% of eblasakimab treated patients achieved a reduction of at least 90% from baseline, compared to 10.1% on placebo; 31.2% of eblasakimab treated patients achieved vIGA-AD score of 0 or 1, compared to 15.1% with placebo; 73.0% least squares mean reduction in EASI score from baseline, compared to 51.1% on placebo. Eblasakimab 400mg Q2W: 54.5% of eblasakimab treated patients achieved EASI-75, compared to 30.7% on placebo; 32.6% of eblasakimab treated patients achieved EASI-90, compared to 10.1% on placebo; 32.6% of eblasakimab treated patients achieved vIGA-AD score of 0 or 1, compared to 15.1% with placebo; 65.8% LS mean reduction in EASI score from baseline, compared to 51.1% on placebo; Eblasakimab 300mg Q2W; 60.7% of eblasakimab treated patients achieved EASI-75, compared to 30.7% on placebo; 37.7% of eblasakimab treated patients achieved EASI-90, compared to 10.1% on placebo; 33.1% of eblasakimab treated patients achieved vIGA-AD score of 0 or 1, compared to 15.1% with placebo; 69.8% LS mean reduction in EASI score from baseline, compared to 51.1% on placebo; Eblasakimab 400mg Q4W: The eblasakimab 400mg Q4W dosing arm did not meet the primary or secondary endpoints with statistical significance. 51.9% of eblasakimab treated patients achieved EASI-75, compared to 30.7% on placebo; 24.3% of eblasakimab treated patients achieved EASI-90, compared to 10.1% on placebo; 15.0% of eblasakimab treated patients achieved vIGA-AD score of 0 or 1, compared to 15.1% with placebo. 61.9% LS mean reduction in EASI score from baseline, compared to 51.1% on placebo. Overall, discontinuation rates were comparable between the active treatment arms and higher in the placebo arm. No new safety signals were seen and the frequency of adverse events was comparable between active treatment and placebo arms. The most frequently observed AEs across all active treatment arms were nasopharyngitis, atopic dermatitis, headache and upper respiratory tract infection. Rates of conjunctivitis, injection site reactions and herpes infections were low. Further data from the Phase 2b study, including patient reported outcomes and biomarker data, is expected to be available in Q4 2023 and submitted for presentation at a future scientific congress. ASLAN plans to meet with the US Food and Drug Administration for an end-of-Phase 2 meeting and expects to initiate a Phase 3 clinical development program for eblasakimab in 2024. The Company is also conducting the TREK-DX study of eblasakimab in dupilumab-experienced patients and expects to announce topline data from that study in 1Q 2024.
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PSNY | Hot Stocks07:57 EDT Polestar Automotive delivers 15,800 vehicles in Q2, up 36% - Polestar reported its global deliveries for Q2. Following deliveries in the month of June, up 73% year-on-year, Polestar achieved its best ever second quarter, delivering approximately 15,800 vehicles, a growth of 36% compared to last year. With record global deliveries of around 27,900 for the first six months, Polestar is on track to deliver 60,000-70,000 vehicles in 2023.
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SSKN | Hot Stocks07:55 EDT Strata Skin Sciences secures additional $12M financing with MidCap Financial - STRATA Skin Sciences has completed the refinancing of its existing debt agreement with a new facility from MidCap Financial. The new debt facility consists of a refinancing of the existing $8.0 million term loan and an additional $7.0 million tranche funded at closing. The Company also has the option to receive an additional $5 million tranche in 2024. The facility matures on June 1, 2028, and shall be payable monthly in arrears at an annual rate of Adjusted Term Secured Overnight Financing Rate plus 7.50%, subject to a SOFR floor of 3.50%. The term provides for interest only-payments until June 1, 2026, and straight-line amortization for the remaining term. "Adjusted Term SOFR '' means the per annum rate equal to the sum of 30-day forward-looking secured overnight Term SOFR, as published by CME Group Benchmark Administration Limited from time to time, plus 0.10% reset monthly. The Company also amended and restated the existing warrant previously issued so that it has an exercise price of $0.88 per share to purchase 800,000 shares of the Company's common stock to MidCap. The Company agreed to register the shares underlying this warrant for resale.
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STSS | Hot Stocks07:54 EDT Sharps Technology provides update on commercialization activities - Sharps Technology announces an update on commercialization activities and is highlighted in Med Tech Outlook feature article. Med Tech Outlook named Sharps Technology, Inc. the "Top Safety Syringe Manufacturer in 2023" and featured the Company in a cover article in the July edition of the publication. The article, entitled "Sharps Technology, Inc.: Modernizing Drug Delivery with Novel Safety Syringe System Innovations", reviews the Company's technology offerings, transformative partnership with Nephron Pharmaceuticals, its next generation polymer-based prefillable syringe systems, and strategy forward with commercialization. Sharps was privately founded in 2017 with a vision to develop innovative drug delivery technology, and the Company is now advancing its products from research and development to commercial sales that are expected to launch in 2023. Sharps has entered into an agreement with a major medical device company that will begin the qualification process for its smart safety syringe technology to help drive commercial revenue in 2023. The agreement will begin with 1ml and 3ml Securegard product line and will be followed by Sologard vial-draw products for larger volume drug applications. The Company's Securegard smart safety syringe platform will benefit healthcare workers through a combination of active safety systems, providing ultra-low waste technology with re-use prevention, and the ability to reduce medical container waste. The agreement will allow for the opportunity to create secondary sales agreements with additional key hospital networks as part of the qualification work. In preparation for the commercialization of the Company's next-generation polymer-based prefilled syringe systems, Sharps will begin production of the introductory products in the fourth quarter of 2023. This work will be the first efforts to support the co-manufacturing agreement between Sharps and Nephron at the prefilled syringe Inject-EZ operation in Columbia, South Carolina. Products will include 10ml and 50ml configurations designed to support the 503B programs at Nephron as well as the demand from other drug fill-finish companies. The 10ml and 50ml products have specific features and advantages that will benefit these pharmaceutical filling companies that produce products in support of the drug shortage programs defined by the FDA and U.S. government.
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DPRO | Hot Stocks07:46 EDT Draganfly to expand production capacity with Saskatchewan facility - Draganfly announced it is expanding its manufacturing capacity to meet demand with a new facility in Saskatoon, Saskatchewan. This new facility in Saskatoon is designed to enable Draganfly to meet the market potential for its products and solutions. It will enable the expanded manufacturing and production of UAV systems and components, including those designed for the Draganfly Heavy Lift and Commander 3 XL drones. The facility enhances core manufacturing, assembly, integration, quality control processes and incorporates efficient design, testing, and inventory management systems that will result in increased capacity and new product production capabilities.
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WAMFF | Hot Stocks07:36 EDT Western Alaska Minerals extends Waterpump Creek mineralization - Western Alaska Minerals reports that 2023 drilling continues to hit thick, visually impressive multi-stage massive sulfides in initial step-out and infill holes on its 100% owned Waterpump Creek Carbonate Replacement Deposit. Highlights: Step-out drilling: WPC23-0030: Two zones intersected of mixed base-metals sulfide and oxides. Extends WPC zone 45 meters south. WPC23-0032 confirms the location of the Illinois Creek fault, which potentially offsets the southerly continuation of the WPC-Last Hurrah mineralization trend to the west.Infill drilling: WPC23-0029 intersected three zones drilled 28m east of hole WPC22-18: WPC23-0033 intersected one zone, drilled 30m east of WPC22-17. Summary: Textures and mineralogy in holes WPC23-0029, WPC23-0030, and WPC23-0033 are visually similar and lie at comparable depths to the progression of silver-rich mineralized intercepts cut in 2022, indicating successful infill drilling and extension of the WPC body. Five holes have been drilled, totaling 1,706 meters. WPC23-0031 intersected a 3.1m oxidized zone from 160.3 to 163.4 meters with significant alteration to the dolomite host unit, further defining the western edge of the WPC mineralization. Two rigs are currently turning on the "Last Hurrah" target to the south, exploring for the fault offset of the Waterpump system.
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TW | Hot Stocks07:36 EDT Tradeweb Markets reports June ADV up 10.8% YoY to $1.38T - Tradeweb Markets reported total trading volume for June 2023 of $29.3T. Average daily volume, ADV, for the month was $1.38T , an increase of 10.8% year-over-year ,YoY. For the second quarter of 2023, total trading volume was $81T and ADV was $1.30T, an increase of 10.2% YoY, with preliminary average variable fees per million dollars of volume traded of $2.60.
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BWV | Hot Stocks07:35 EDT Blue Water Biotech selects bfw Advertising for commercial drug portfolio - Blue Water Biotech signed a Master Services Agreement with bfw Advertising to generate marketing and advertising material for Blue Water's commercial stage drug portfolio. Based in Boca Raton, Florida, bfw supports clinical and commercial stage life science companies, generating brand campaigns, including digital, direct to consumer, and health care provider content. Bfw will work with Blue Water's commercial team to increase awareness for its commercial products through patient-facing materials, website updates, social ads, targeted provider engagement, as well as materials to support Blue Water's sales team, among other services. Blue Water recently expanded its operations to become a commercial stage company with the acquisition of several FDA approved assets across multiple indications, including urology, cardiology, inner ear infections and pain management.
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TRSSF TSNDF | Hot Stocks07:34 EDT TerrAscend announces symbol change on OTC Markets - TerrAscend announced that its common shares, previously trading on the OTC Market under the ticker symbol "TRSSF", are to commence trading on the OTC Market under the ticker symbol "TSNDF" effective today, July 6, 2023. The Common Shares recently began trading under the ticker symbol "TSND" on the Toronto Stock Exchange. Moving to a new stock ticker symbol on the OTC Markets aligns with the Company's recent TSX listing. No action is required by shareholders with respect to either ticker symbol change.
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LILM | Hot Stocks07:32 EDT Lilium completes final audit in step towards EASA DOA - Lilium has completed the fourth and final Design Organization Approval audit by the European Union Aviation Safety Agency. The successful completion of the DOA audit is a key milestone in Lilium's progress towards becoming an EASA DOA holder, a requirement for aircraft manufacturers, and demonstrates that Lilium has the necessary organization, procedures, competencies, and resources to design and certify aircraft. EASA grants DOA holders' special privileges. In particular DOA holders can have compliance documents accepted by EASA without further verification and perform activities independently from EASA. In collaboration with EASA, Lilium is pursuing a DOA specifically tailored for eVTOL and electric propulsion certification.
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ISPC | Hot Stocks07:32 EDT iSpecimen adds thirteen new biospecimen suppliers - iSpecimen has added thirteen new biospecimen suppliers to iSpecimen's proprietary Marketplace throughout the first half of 2023. The addition of these new sample providers increases the breadth and depth of biospecimen offerings for researchers, including varying sample types and formats that are both banked and prospectively collected. Additional specimen capabilities include those for environmental and food-based allergies, genitourinary disorders, pediatric conditions, pregnancy including normal, high risk, and fetal abnormalities, pulmonary and respiratory tract disorders, skin and connective tissue disorders, and much more, to be integrated into the platform. One of the new suppliers exclusively sources biospecimens from African patient pools to help improve health outcomes and advance translational and genomics research for diseases that are prevalent in African communities.
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AXON | Hot Stocks07:31 EDT Axon Roadshow expands to nine new countries - Axon announced that the Axon Roadshow is geographically expanding to demonstrate the power of its integrated suite of solutions that lead modern policing. After two successful years touring the U.S. and Canada, the Roadshow will expand to England, Wales, France, Spain, Portugal, Italy, Germany, Belgium and the Netherlands. "The Axon Roadshow is a chance for us to show public safety agencies the latest technology we've developed and celebrate the work they do," said Rick Smith, Axon CEO and Founder. "We are thrilled to be expanding the Axon Roadshow to more countries to hear directly from public safety about their cultures and the challenges they face, so we can better serve them and their communities. The Axon Roadshow is the perfect opportunity to show our customers that we are here for them, we are listening, and we want their feedback."
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WHGOF... | Hot Stocks07:20 EDT White Gold begins diamond drilling at Betty Ford target, Yukon - White Gold (WHGOF) has commenced exploration diamond drilling at the Betty Ford target on the Betty property located in the White Gold District, west-central Yukon, Canada approximately 65 km southeast of the company's flagship White Gold Project which comprises 16 million tons averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tons averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category which remains open for expansion. Planned drilling at Betty Ford in 2023 will continue to evaluate the zone of near-surface high-grade gold mineralization, which has previously returned intersections of 3.46 g/t Au over 50.00 m and 1.17 g/t Au over 48.0 m during maiden drilling in 2021, and 8.94 g/t Au over 18.29 m and 1.50 g/t Au over 55.20 m in follow up drilling in 2022. The focus of the 2023 drill program is to test for a mineralized buried porphyry at depth and possible feeder contact/structure for the near-surface gold mineralization. This drill program forms part of the company's 2023 exploration program on its 350,000 hectare land package in the White Gold District, Yukon, supported by partners Agnico Eagle Mines (AEM) and Kinross Gold (KGC). Drilling at Betty Ford has encountered zones of near-surface gold mineralization which has been traced for approximately 175 m along strike. Previous drilling highlights include 3.46 g/t Au over 50.0 m, 8.94 g/t Au over 18.29 m, 1.50 g/t Au over 55.15 m and 1.17 g/t Au over 48.00 m. Four holes totalling 1,200 m are planned to further evaluate the zone of gold mineralization and also test for the presence of a mineralized buried porphyry at depth, as well as a possible feeder contact/structure for the near-surface gold mineralization.
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FRGT | Hot Stocks07:16 EDT Freight Technologies completes Trucker Tools integration - Freight Technologies announces the completion of its integration with Trucker Tools, one of the most utilized carrier relationship management platforms in the United States. The integration is expected to increase the offers on loads by 75% and grow the carrier network in the United States by as much as twentyfold.Through this integration, Fr8App streamlines the process of connecting shippers with carriers, ensuring that valuable time and resources are maximized.
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CMPS | Hot Stocks07:16 EDT Compass Pathways: AMA releases language of CPT code for psychedelic therapeutics - COMPASS Pathways announced that the American Medical Association has released the language of its new Current Procedural Terminology III code for Continuous In-Person Monitoring and Intervention During Psychedelic Medication Therapy. The code will go into effect and will be published in the CPT manual on January 1, 2024. The approval of the new category CPT III code, announced in May following an application by COMPASS and MAPS Public Benefit Corporation, was supported by the American Psychiatric Association, American Psychological Association and the National Association of Social Workers. Once effective, the new code will provide a mechanism to track and report the delivery of psychedelic treatments and will cover, subject to FDA approval, COMPASS's COMP360 psilocybin treatment, which is currently in late-stage development for treatment-resistant depression, and MAPS' MDMA-AT for post-traumatic stress disorder. The new code, reported in increments of one hour, will cover multiple psychedelic compounds with psychological support models, if approved, as well as variable staffing structures and numbers and credentials of qualified healthcare professionals. It will also offer a sub-code for the involvement of non-QHP clinical staff. The use of this category III tracking code will be key to developing optimal permanent and valued category I codes for psychedelic therapies as close as possible to their potential FDA approval.
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TLRY | Hot Stocks07:13 EDT Tilray's SweetWater Brewing announces Gummies beer - SweetWater Brewing Company announces the release of SweetWater Gummies, a new line of easy-drinking, high-alcohol craft ales brewed for an endless summer of haze and juicy flavor. SweetWater Gummies Tropical IIPA and Fruit Punch IIPA, both 9.5% alcohol by volume, will bolster SweetWater's year-round lineup with innovative, fruit-forward styles that cater to the fastest growing category in craft beer.
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TNXP | Hot Stocks07:13 EDT Tonix Pharmaceuticals comments on Long COVID definition conferences - Tonix Pharmaceuticals commented on two recent meetings sponsored by the National Academies of Sciences, Engineering, and Medicine in Washington, D.C. relating to the definition of Long COVID and to features of Long COVID that overlap with previously recognized infection-associated chronic conditions. Tonix Pharmaceuticals recognizes the potential benefits of defining subgroups of Long COVID patients based on their symptoms and recognizes the subgroup of Long COVID patients with symptoms that overlap with fibromyalgia. Tonix's experience advancing TNX-102 SL as a treatment for fibromyalgia is the company's motivation for undertaking the development of TNX-102 SL for the management of Fibromyalgia-type Long COVID. In April, the company completed enrollment of 63 participants in a Phase 2 proof-of-concept study of TNX-102 SL for fibromyalgia-type Long COVID. Topline results from the trial are expected in Q3. In addition, the company presented its analysis of a Fibromyalgia-type Long COVID subgroup that provided real-world evidence that the majority of Long COVID patients present with a constellation of symptoms that overlap with fibromyalgia and CFS/ME. Fibromyalgia-type Long COVID, like fibromyalgia and CFS/ME, appears to be both a subgroup of Long COVID and one of several chronic overlapping pain conditions that have in common the neurological process called central and peripheral sensitization, which is increasingly known by the term nociplastic pain.
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PRQR | Hot Stocks07:12 EDT ProQR Therapeutics presents data on Axiomer RNA Editing technology - ProQR Therapeutics announced a presentation at the RNA Editing Summit, July 11-13, 2023 in Boston, MA, USA. The 2023 edition of the RNA Editing Summit will focus on optimizing RNA editing technology to safely deliver novel payloads, enhancing potency and durability to achieve clinical validation in patients faster. This presentation will detail: Ongoing effort led by ProQR to put in place effective strategies to increase RNA editing yields of ADARs using chemical modifications and oligonucleotide design; The potential of the Axiomer platform in multiple organs, as well as its applicability for the treatment of liver-originated disorders, including data from preclinical models.
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VEEV | Hot Stocks07:12 EDT SCSU, Veeva Systems partner to deliver real-world experience to students - St. Cloud State University, SCSU, and Veeva Systems announced a partnership to enable medtech clinical research students with hands-on technology training. SCSU will integrate Veeva Vault eTMF into its graduate curriculum for the Applied Clinical Research Program located in Plymouth, MN starting in the Fall 2023 semester.
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GRMN | Hot Stocks07:11 EDT Garmin adds five new bundles to its ice fishing lineup - Garmin announced its newest ice fishing bundles in advance of the hardwater fishing season. "Garmin is thrilled to further its reputation as a leader in the ice fishing market with this year's lineup of new bundles that will continue to transform the way anglers fish on the ice. From world-class sonar and preloaded mapping to new high-resolution touchscreen displays and more, Garmin's robust ice fishing line-up offers the power and functionality to meet the needs of today's ice anglers." - Dan Bartel, Garmin Vice President of Global Consumer Sales
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VRNOF | Hot Stocks07:11 EDT Verano Holdings opens MUV Fort Pierce dispensary location - Verano Holdings announced the opening of MUV Fort Piece on Friday, July 7, the Company's 70th Florida dispensary and 131st location nationwide. MUV Fort Pierce is located at 1006 South U.S. Highway 1, and will be open Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 11 a.m. to 5 p.m., local time.
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AER | Hot Stocks07:10 EDT AerCap leased, purchased, sold 215 assets in Q2 - AerCap has announced its major business transactions during the second quarter 2023: Signed 124 lease agreements, including 18 widebody aircraft, 77 narrowbody aircraft, 11 engines and 18 helicopters. Completed 32 purchases for 22 new aircraft, 6 engines and 4 helicopters. Executed 59 sale transactions for 17 aircraft, 29 engines and 13 helicopters. Signed financing transactions for approximately $1.1 billion.
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PLYM | Hot Stocks07:10 EDT Plymouth Industrial REIT announces senior management promotions - The Company recently promoted three employees to its senior management team. Benjamin Coues serves as Senior Vice President, Head of Acquisitions. Coues joined Plymouth in 2019 after 14 years at High Street Logistics Properties and has direct responsibility for all acquisition activity. Daniel Heffernan serves as Senior Vice President, Asset Management. Mr. Heffernan joined Plymouth in 2014 and has direct responsibility for over 10 million square feet of the Company's industrial properties and provides strategic leadership functions across the entire portfolio. Scott Robinson serves as Senior Vice President, Corporate Development. Mr. Robinson joined Plymouth in 2022 and is responsible for a range of corporate initiatives including participating in investment strategy, joint venture formation, capital raising activities and strategic transactions.
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RDCM T | Hot Stocks07:09 EDT Radcom nominates Fuetsch to its board of directors - RADCOM (RDCM) announced that it has approved the nomination of Andre Fuetsch to be elected as a director at the Company's upcoming annual meeting of shareholders, as part of the invitation to shareholders meeting it filed on June 29th, 2023, with the Securities and Exchange Commission. Fuetsch is a well-known veteran in the telecom industry, having served in various senior executive positions at AT&T (T), the most recent of which was the Executive Vice President and CTO of Network Services.
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PLYM | Hot Stocks07:09 EDT Plymouth reports Q2 leases commencing totaling 2.1M square feet - Leases commencing during the second quarter ended June 30, 2023 totaled an aggregate of 2,103,095 square feet, all of which are associated with terms of at least six months. The Company will experience a 19.3% increase in rental rates on a cash basis from these leases. These leases included 1,440,165 square feet of renewal leases and 662,930 square feet of new leases. Consistent with the Company's full year 2023 forecast, occupancy was 98.0% and reflects budgeted roll-over that has been largely addressed as well as recent new developments now in service. Executed leases scheduled to commence during 2023, which includes the second quarter activity, total an aggregate of 4,719,317 square feet, all of which are associated with terms of at six months. The Company will experience a 19.9% increase in rental rates on a cash basis from these leases. These leases included 3,340,955 square feet of renewal leases and 1,078,362 square feet of new leases of which 93,979 square feet was vacant at the start of 2023, leaving a net 879,028 square feet, or 16% of 2023 expirations, to be addressed. The Company has already leased 1,623,791 square feet of leases that will commence during 2024 with a 14.5% increase in rental rates on a cash basis. Plymouth has three projects totaling 260,322 square feet remaining in the current phase of its development program. In Jacksonville, Florida, two industrial buildings totaling 80,322 square feet of industrial buildings are expected to be completed in the third and fourth quarters of 2023. These buildings are fully leased. In Atlanta, a 180,000-square-foot industrial building is estimated to be completed in the third quarter of 2023. This building remains under active lease up.
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AUTL | Hot Stocks07:08 EDT Autolus Therapeutics' obe-cel in leukemia featured in Nature Medicine - Autolus Therapeutics announced a publication in Nature Medicine describing new findings from the original Obecabtagene autoleucel - obe-cel - study in Pediatric B-cell Acute Lymphoblastic Leukemia. Long-term CAR T cell persistence is associated with durable responses in some cancers, including B-cell acute lymphoblastic leukemia. Publishing her findings in Nature Medicine today, Dr Sara Ghorashian described how long-term persistence was associated with a particular T cell population which was CD4/CD8 double-negative, but expressed the transcription factor TOX and Granzyme K. This phenotype emerged across all clones and subsets of T-cells, suggesting that CAR T-cells converge transcriptionally to this state to maintain persistence. This finding fits with the newly described TPEX sub-population found in chronic viral infections.
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GOOG GOOGL | Hot Stocks07:08 EDT Simplilearn announces collaboration with Google Cloud - Simplilearn has teamed up with Google Cloud Learning to be able to reach over 5 million learners on the Simplilearn platform with the latest digital skills. This collaboration is designed to provide an upskilling experience to the learners with measurable outcomes, leveraging the best-in-class Google Cloud labs and content offerings.
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BLCO JNJ | Hot Stocks07:07 EDT Bausch + Lomb buys J&J's Blink eye and contact lens drops product line - Bausch + Lomb (BLCO) announced an affiliate has purchased the Blink product line of eye and contact lens drops from Johnson & Johnson Vision (JNJ). The strategic acquisition is the latest example of the company's commitment to increasing over-the-counter consumer convenience in eye care. "There's a growing need for relieving the symptoms of dry eyes and dry contact lenses, and OTC products are often the first option consumers choose," said John Ferris, executive vice president, Consumer, Bausch + Lomb. "The addition of Blink expands our robust portfolio of OTC eye care brands, enabling us to provide more choices for consumers and eye care professionals."
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LMGDF KGC | Hot Stocks07:07 EDT Lumina Gold hires Ron Halas as Chief Operating Officer - Lumina Gold (LMGDF) announces that it has hired Ron Halas, P.Eng. as Chief Operating Officer. Halas has over 30 years of diverse experience including open pit and underground mining in both base and precious metals. He has worked with major mining companies including Kinross (KGC), PT Freeport Indonesia, Placer Dome, and Cominco.
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GDTC | Hot Stocks07:05 EDT Cytomed Therapeutics' A*STAR announce patent for CAR-gamma delta T cell tech - CytoMed Therapeutics announce that the CAR-gamma delta T cell technology, which it has exclusively licensed from A*STAR, has been granted a patent by the US Patent and Trademark Office, USPTO. The patent titled "Gamma Delta T Cells and a Method of Augmenting the Tumoricidal Activity of the Same" covers technologies for the clinical-scale expansion of gammadelta T cells from a small amount of donor peripheral blood cells as well as the modification of the expanded gammadelta T cells to incorporate a chimeric antigen receptor that enables the modified cells to recognize a wide range of cancers, including both solid and hematologic cancers. "We are pleased to announce our allogeneic CAR-gammadelta T cell technology has received a US patent especially when we are soon to embark on our first-in-human trial for CAR-gammadelta T cells in Singapore," said Peter Choo, Chairman of CytoMed. "We expect to receive additional patent rights from other territories."
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HBM | Hot Stocks07:05 EDT Hudbay Minerals and Marubeni sign MOU for Flin Flon exploration partnership - Hudbay Minerals signed a memorandum of understanding - MOU- with Marubeni that establishes the framework for a multi-year exploration partnership focused on the discovery of new deposits within trucking distance of Hudbay's existing processing facilities in Flin Flon, Manitoba. In connection with the MOU, Hudbay and Marubeni have agreed to negotiate the terms of a definitive agreement to govern the relationship between the parties and the Flin Flon properties that would form the subject of the exploration partnership. It is currently contemplated that Marubeni would be required to fund approximately $10-15M of exploration expenditures on the Project Properties and that Hudbay will act as operator and carry out the exploration activities. The MOU also provides a framework for a future joint venture between the parties if the exploration efforts are successful in discovering new deposits in the Flin Flon region. Marubeni would have the option to acquire a substantial minority equity interest in the projects, allowing the parties to jointly pursue the development of the projects. The final structure of a joint venture between the parties would be determined by the terms of a joint venture agreement.
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ODV | Hot Stocks07:05 EDT Osisko Development completes payment installment for Tintic acquisition - Osisko Development announces that in connection with the terms of the Company's previously-completed acquisition in May 2022 of a 100% ownership interest in the Tintic Project located in Central Utah's historic Tintic Mining District, the Company has satisfied the first of five deferred payments to the sellers. Deferred consideration of US$2,500,000 was paid comprising of $250,000 in cash and $2,250,000 in common shares of the Company at a deemed price of C$6.74 per Common Share, resulting in the issuance of 454,026 Common Shares to the sellers in satisfaction of such deferred payment.
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KZIA | Hot Stocks07:04 EDT Kazia Therapeutics receives FTD by U.S. FDA for paxalisib - Kazia Therapeutics announces that its lead program, paxalisib, has been awarded Fast Track Designation, FTD, by the United States Food and Drug Administration, FDA, for the treatment of solid tumor brain metastases harboring PI3K pathway mutations in combination with radiation therapy. The FDA's decision to grant FTD was based on promising clinical data from an interim analysis of an ongoing Phase 1 clinical trial in which patients with brain metastases from a primary tumour are receiving paxalisib in combination with radiotherapy. All nine evaluable patients in the trial responded to the combination of paxalisib with radiotherapy. Published benchmarks suggest a typical response rate for radiotherapy alone to be around 20-40%. Key Points: FTD is designed to expedite development of pharmaceutical products which demonstrate the potential to address unmet medical needs in serious or life-threatening conditions. FTD provides Kazia with enhanced access to FDA, including opportunities for face-to-face meetings and written consultation throughout the remaining development of paxalisib. Drugs granted FTD may also be eligible for Accelerated Approval and Priority Review, which may result in faster product approval. Paxalisib was previously granted FTD for glioblastoma in August 2020, giving paxalisib now two largely independent opportunities to access the benefits of this designation
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BCRX | Hot Stocks07:03 EDT BioCryst reports inducement grants under Nasdaq listing rule - BioCryst announced that the compensation committee of BioCryst's board of directors granted 13 newly-hired employees stock options to purchase an aggregate of 99,200 shares, and restricted stock units covering an aggregate of 51,650 shares, of BioCryst common stock. The options and RSUs were granted as of June 30, 2023, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $7.04 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee's continued service with the company. Each stock option has a 10-year term. The options and RSUs are subject to the terms and conditions of BioCryst's Inducement Equity Incentive Plan and a stock option agreement or restricted stock unit agreement, as applicable, covering the grant.
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BITF | Hot Stocks07:03 EDT Bitfarms raises Q3 hashrate target to 6.3 EH/s with added Baie-Comeau facility - Bitfarms closed the acquisition of its newest farm in Baie-Comeau, Quebec and immediately started production at the site. As a result, Bitfarms increased its target hashrate to 6.3 EH/s by the end of Q3. Bitfarms acquired an evergreen contract with the local utility in Baie-Comeau for 22 MW of hydro power, which included a 10-year lease in an industrialized area with the option to purchase at a fixed price throughout the lease term. Total consideration was $1.9M, with $750K, or 40% paid in cash, and 820,837 Bitfarms' common shares, or 60%, issued at a price of $1.38/share.
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FFMGF | Hot Stocks07:03 EDT First Mining announces results from 2023 program in Birch-Uchi Project - First Mining Gold announces results from the 2023 drilling program focused on the advancement of its Saddle drilling target in the Birch-Uchi Greenstone Belt Project located in northwestern Ontario, Canada. "Our regional exploration efforts are demonstrating the ability to identify mineralization settings that support new discoveries and potential satellite opportunities in this emerging gold district," stated Dan Wilton, CEO of First Mining Gold. "In only our second drill target tested, we are seeing the strength of gold endowment hosted in the Birch-Uchi Greenstone Belt where First Mining has focused exploration surrounding its flagship Springpole Gold Project."
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WBX | Hot Stocks07:02 EDT Wallbox sells over 1,000 Supernova DC fast chargers - Wallbox announced that it has reached the milestone of selling more than 1,000 of its Supernova DC fast chargers.
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FFIE | Hot Stocks07:02 EDT Faraday Future announces additional proposal for special meeting - Faraday Future Intelligent Electric announced an additional proposal for the recently announced special meeting of stockholders to limit the Company's authorized shares available for issuance. The Board of Directors of the Company approved an additional proposal for approval by the Company's stockholders at the upcoming special meeting. The previously disclosed proposal to effect a reverse stock split of the Company's common stock at a ratio between 1-for-2 and 1-for-90 would hold the existing authorized shares unchanged, effectively expanding the total authorized shares by the same multiple as the reverse stock split. The new additional proposal is designed to cap the increase in the total additional authorized shares at six times the post reverse split shares authorized assuming the previously disclosed reverse stock split proposal is approved and the reverse stock split is implemented. The Company expects to file an amended preliminary proxy statement that includes such authorized share cap proposal shortly. This decision showcases FF's commitment to its shareholders and dedication to aligning corporate policies with investor interests. As previously disclosed, the reverse stock split ratio will be determined by the Board after stockholder approval. The Board reserves the right to elect not to proceed with the reverse stock split if it determines that implementing a reverse split is no longer in the best interests of the Company and its stockholders.
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FAF | Hot Stocks07:02 EDT First American appoints Jody Mulkey as chief technology officer - First American announced the appointment of Jody Mulkey as chief technology officer. In this new position, Mulkey will oversee First American's corporate product development team. Under Mulkey's leadership, the corporate product development team will be responsible for building and enhancing enterprise products that serve customers across multiple First American divisions. Prior to joining First American, Mulkey served as chief technology officer at GoodRx.
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BR | Hot Stocks07:02 EDT Broadridge enhances advisory productivity, serving abilities of Money Concepts - Money Concepts Capital has enhanced its data management technology with the implementation of Wealth Data Aggregation and Financial Reporting from global Fintech leader Broadridge Financial Solutions. This data aggregation, reporting and analytics solution will provide Money Concepts advisors with a holistic view of each client's holdings and activity across thousands of sources, gleaning insights that will enable better decision making and the provision of hyper-personalized services. "As validated in Broadridge's latest Digital Transformation Study, wealth management firms are accelerating their digital transformation efforts, and it's more important than ever for wealth management firms to modernize their technology stacks to meet the changing needs of advisors and investors," said Mike Alexander, president of Wealth Management at Broadridge.
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FIS | Hot Stocks06:59 EDT FIS to create two independent companies, sell majority stake in Worldpay - FIS announced an acceleration of its previously announced separation plan to create two highly focused global companies with greater strategic flexibility. FIS has signed a definitive agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing Worldpay at $18.5 billion, including $1 billion of consideration contingent on the returns realized by GTCR exceeding certain thresholds. The transaction maximizes shareholder value by immediately securing proceeds based on a $17.5 billion valuation, with opportunity for further upside. This attractive upfront valuation equates to a 9.8-times multiple on expected fiscal 2023 adjusted EBITDA, including estimated dis-synergies and previously unallocated corporate and other costs, which represents a material premium to FIS' recent valuation of approximately 8-times, and is aligned with leading, scaled payments players. FIS will receive upfront, net proceeds of approximately $11.7 billion while retaining a non-controlling 45% ownership interest in a new standalone joint venture. The transaction was unanimously approved by FIS' Board of Directors. The agreement will enable greater management focus and operational simplification for both FIS and Worldpay. In addition, the upfront cash proceeds will create immediate capital allocation flexibility. FIS will use proceeds from the sale to pay down debt and return additional capital to shareholders through its existing share repurchase authorization, as well as for general corporate purposes, while maintaining a strong investment grade credit rating. As part of the agreement, GTCR has committed an additional equity capital investment in Worldpay of up to $1.25 billion to pursue inorganic growth opportunities. Worldpay, one of the largest global merchant acquirers by transactions with $2 trillion in payments volume in 2022, will remain a leader of commerce solutions to merchants of all sizes. As previously announced, Charles Drucker will become CEO of Worldpay upon close of the transaction. FIS and Worldpay will enter into commercial agreements, preserving a key value proposition for clients of both businesses and minimizing potential dis-synergies. These agreements will allow Worldpay continued access to FIS products to resell to its clients, as well as access to FIS' financial institution clients as it continues to scale its bank channel. Similarly, FIS will retain access to Worldpay's marquee portfolio of commercial clients to resell its embedded finance offerings. The transaction values Worldpay at $18.5 billion, inclusive of $1 billion in additional consideration that is contingent on the returns realized by GTCR exceeding certain thresholds. The upfront valuation of $17.5 billion equates to a 9.8-times multiple on expected fiscal 2023 adjusted EBITDA, including estimated dis-synergies and previously unallocated corporate and other costs. Including the $1 billion of contingent consideration, the multiple on the transaction would increase to approximately 10.4-times. FIS will receive upfront, net proceeds of approximately $11.7 billion at close. On a pro-forma basis for the transaction, FIS expects leverage to be approximately 2.5-times, based on 2023 Adjusted EBITDA upon close. The transaction is expected to close by Q1 2024, subject to regulatory approvals and other customary closing conditions. Following the closing of this transaction, FIS' ownership interest in Worldpay will be reported as income from minority interest.
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MKTX | Hot Stocks06:57 EDT MarketAxess reports June total trading average daily volume down 18% y-o-y - "June and second quarter market trends reflect dramatically lower credit spread volatility versus the prior year same periods. The second quarter trading range of credit spreads for U.S. high-grade and U.S. high-yield bond indices was approximately 1/3rd of last year's second quarter levels, reducing client activity for some segments of the market. Despite lower volatility, Open Trading share of total credit trading volume was in line with the prior year at approximately 34%, and we delivered estimated price improvement of $157 million5 to clients in the quarter. Client adoption of our growing suite of trading automation tools remains strong and estimated market share trends continue to be positive in our international product areas and municipal bonds." Select 2Q23 highlights: U.S. high-grade average daily volume of $5.7 billion, with estimated market share of 20.7% reflecting the impact of a 17% increase in the new issue calendar compared to the prior year. U.S. high-yield ADV of $1.5 billion with estimated market share of 16.5%. Low credit spread volatility has reduced trading activity by ETF market makers in U.S. high-yield, with estimated U.S. high-yield TRACE market ADV down 13.2%. Emerging markets ADV of $2.7 billion decreased from $2.8 billion in the prior year; decrease of 12.3% in emerging markets estimated market ADV.2 Local markets emerging markets trading volume increased 10.7% to $75.0 billion and represented a record 44.1% of total emerging markets trading volume in the quarter. Local markets trading volume in the quarter benefited from a record $31.2 billion in June, representing a 31.9% increase compared to the prior year. 30.2% increase in Eurobonds ADV to a record $1.9 billion with a record 18.4% estimated market share, up from 15.1%. Municipal bond ADV of $389 million, up 4.8%, with estimated market share of 5.8%, up from 3.9%. Municipal bond market ADV decreased 30.1%. 34% Open Trading share4 of total credit trading volume. Estimated price improvement5 via Open Trading was approximately $157 million in the quarter and is $409 million year-to-date through second quarter 2023. The preliminary FPM1 for total credit for second quarter 2023 was approximately $157 compared to $166 in the prior year. The decline in total credit FPM was principally due to the mix of credit products, specifically the decline in U.S. high-yield trading volume which is the highest FPM product. The preliminary FPM for total rates was $4.80, compared to $4.21 in second quarter 2022.
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SMR | Hot Stocks06:54 EDT Nuscale Power appoints Carl Fisher as COO - NuScale Power announced that Carl Fisher will join the company as COO beginning July 24, 2023. As COO, Fisher will lead the operations, engineering, project management, quality assurance, information technology, and regulatory affairs functions and report to John Hopkins, NuScale's President and CEO. Most recently, Fisher was Vice President of Instrumentation & Control in North America. Karin Feldman, who has served in the role of interim COO since January 6, 2023, will return to her previous position as Vice President, Program Management Office.
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BKE | Hot Stocks06:52 EDT The Buckle reports comparable store net sales down 2.4% in June - The Buckle announced that comparable store net sales, for stores open at least one year, for the 5-week period ended July 1, 2023 decreased 2.4 percent from comparable store net sales for the 5-week period ended July 2, 2022. Net sales for the 5-week fiscal month ended July 1, 2023 decreased 1.8 percent to $108.0 million from net sales of $110.0 million for the prior year 5-week fiscal month ended July 2, 2022. Comparable store net sales year-to-date for the 22-week period ended July 1, 2023 decreased 7.3 percent from comparable store net sales for the 22-week period ended July 2, 2022. Net sales for the 22-week fiscal period ended July 1, 2023 decreased 6.5 percent to $480.2 million compared to net sales of $513.4 million for the prior year 22-week fiscal period ended July 2, 2022.
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HUT... | Hot Stocks06:52 EDT Hut 8 Mining imines 120 Bitcoin in June - Hut 8 Mining mined 120 Bitcoin in June. Overall, 120 Bitcoin were generated, resulting in an average production rate of approximately 4.0 Bitcoin per day. "June was very productive, with key developments across our mining and high performance computing operations businesses, and progress on obtaining key regulatory approvals related to the merger with USBTC," said CEO Jaime Leverton. "We are committed to keeping that momentum going as we work diligently at closing the transaction with USBTC."
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NNVC | Hot Stocks06:51 EDT NanoViricides reports 'progress' on NV-CoV-2 clinical trial - NanoViricides reports that the clinical trial of its broad-spectrum antiviral drug NV-CoV-2 is progressing satisfactorily. NV-CoV-2, the company's lead drug candidate for the treatment of coronavirus infections including COVID and potentially many cases of long COVID, is in Phase1a/1b Safety and Preliminary Efficacy Human Clinical Trials initiated by the Drug Sponsor Karveer Meditech Pvt. Ltd. India, the Company's Licensee and co-developer in India. Following safety and tolerability evaluation in healthy persons for a single escalating dose of NV-CoV-2 Oral Syrup or NV-CoV-2 Oral Gummies in the Part 1a, the clinical trial will continue into Part 1b if there are no serious adverse events. Enrollment in the third and highest single dose level of 40mg/Kg NV-CoV-2 Oral Syrup, and separately, 2,000mg NV-CoV-2 Oral Gummy has already begun. The lowest dose cohorts in the clinical trial have completed, and the middle dose cohorts have been substantially completed allowing the highest dose cohorts to begin. Each person after dosing is under observation for 48 hrs, followed by a scheduled follow-up visit. There were no adverse events to date at any of the dose levels including the highest dosages. In Phase 1b, healthy persons will be dosed with multiple doses of the Oral Syrup and separately, Oral Gummies to study Safety and Tolerability. Additionally, in Phase 1b, in separate cohorts, patients with mild to moderate/severe COVID-19 shall be enrolled to assess indication of efficacy. Patients deemed by the physician to be likely to require hospitalization within 48 hrs of screening will be excluded.
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KGEIF | Hot Stocks06:48 EDT Kolibri Global Energy announces three more wells in Tishomingo field - Kolibri Global Energy announced three more wells in its Tishomingo field in Oklahoma, which have been adding over 1,500 barrels of oil equivalent per day to the Company's production. The Barnes 8-1H, 8-2H, and 8-3H wells were drilled and completed under budget and are still cleaning up after the fracture stimulations. The two Caney formation wells, the Barnes 8-1H and 8-2H, have produced at a 12-day average rate of 465 BOEPD and 565 BOEPD, respectively. For the last five days, the Barnes 8-1H has averaged 500 BOEPD, and the Barnes 8-2H has averaged 590 BOEPD. These wells were the first down-spacing wells in the field and were drilled at a 6 well per section spacing pattern with the Barnes 8-1H in the upper Caney, and the Barnes 8-2H in the lower Caney. The Barnes 8-3H well, which is in the T-zone formation and is located under and between the Barnes 8-1H and 8-2H wells, has an 11-day average rate of 445 BOEPD and has averaged 490 BOEPD for the last 5 days, with the last 2 days at 570 BOEPD. Production optimization is currently in progress on all three of the wells.
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RVVTF | Hot Stocks06:40 EDT Revive Therapeutics' Bucillamine in COVID-19 did not reach Phase 3 endpoints - Revive Therapeutics announced results of the company's Phase 3 clinical trial evaluating the safety and efficacy of oral Bucillamine in patients with mild to moderate COVID-19. The study did not achieve statistical significance on the clinical endpoints. The study enrolled 713 patients with mild-to-moderate COVID-19. Under the Study's protocol primary endpoint, the proportion of patients meeting a composite endpoint of hospitalization or death from time of first dose through Day 28 following randomization, there were no deaths and four hospitalizations, of which three were from the placebo arm and one from the Bucillamine low dose group. No hospitalizations occurred in the Bucillamine large dose group. Although the number of hospitalization events was small, it demonstrated a positive trend in the Post-dose selection phase of the Study. However, the estimated chance of hitting statistical significance after Study enrollment completion and final analysis was only 5.48%. This led the DSMB to recommend that the Study be halted. The company evaluated additional Study endpoints, including the COVID-19 clinical symptoms data, and quantitative PCR-based assessment of SARS CoV-2 viral load. There was no significant overall improvement trend between the Bucillamine and placebo arms for observed clinical symptoms and viral load data. However, the data demonstrated that for patients with oxygen saturation less than 96% at baseline, Bucillamine had a 29.1% improvement over placebo in time to normal oxygen saturation. The Bucillamine arm demonstrated a slightly shorter 75% percentile of 14 days vs. 15 days in placebo to achieve PCR negative. Additional analyses of the Study data are ongoing, which could support certain strategic decisions on pursuing the development and commercialization of Bucillamine. The company is pursuing the following strategic initiatives: reformulating Bucillamine in an intravenous and inhaled version to expand on its potential therapeutic utility targeting rare disorders such as ischemia-reperfusion injury, acute respiratory distress syndrome, and potential medical countermeasures that may come with regulatory incentives awarded by the FDA, such as emergency use authorization, orphan drug, fast track, and breakthrough therapy designations. Work with interested pharmaceutical partners to pursue potential domestic and international regulatory approvals and new clinical studies for infectious, inflammatory and respiratory disorders. Seek out potential funding opportunities offered by, but not limited to, the Biomedical Advanced Research and Development Authority, the Administration for Strategic Preparedness and Response at the U.S. Department of Health and Human Services. There can be no assurance that the Company will proceed with the clinical development and regulatory approvals of Bucillamine for COVID-19 in the U.S. and internationally.
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DOCRF | Hot Stocks06:39 EDT CloudMD shares research report on results of MindBeacon program - CloudMD Software & Services released the findings of a research report on the health outcomes delivered by CloudMD Therapist-Assisted Internet-Delivered Cognitive Behavioural Therapy program which was offered to the public of Ontario as part of the government's pandemic response. This program is digitally delivered to help treat prevalent mental health challenges, including mood and anxiety conditions. By eliminating barriers to care - including time to treatment, accessibility, and stigma - CloudMD's TAiCBT program, MindBeacon, met the needs of some 65,000 Ontarians during the COVID-19 pandemic, thanks to the support from the Ontario government. This initiative provided innovative made-in-Canada virtual services that served as an effective and economical model for the rest of the country. Key highlights from the report include: Faster time to treatment - average time to start treatment of five days compared to weeks or months. More flexible access to care - 90% of patients engaged outside traditional office hours. Cost effective - TAiCBT is 1/5th the cost of traditional treatment. Health Outcomes with effective treatment for all ages, genders, protocols and symptom severities - 60% of patients with clinically severe depression symptoms experienced reliable symptom improvement. Improvements in Health equity - 32% of patients identify as racialized persons reflecting the diverse population of Ontario. Effective for first time treatment - 51% of patients were new to therapy and accessed support for the first time.
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KNTNF | Hot Stocks06:37 EDT K92 Mining resumes mining operations at Kainantu Gold Mine - K92 Mining announces that underground mining operations resumed on July 6, 2023, pursuant to a safety-focused restart plan, at the Kainantu Gold Mine in Papua New Guinea following a tragic underground vehicular incident. During this time there has only been limited impact on surface activities and surface stockpiles have been treated through the process plant. K92's production and cost guidance for 2023 remains unchanged.
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MRRDF | Hot Stocks06:36 EDT Meridian Mining completes fourth installment payment for Cabacal Project - Meridian Mining UK has completed the fourth installment payment pursuant to the terms of the Mineral Rights Purchase and Sale Agreement for the acquisition of 100% beneficial interest in the Company's flagship Cabacal Copper-Gold Project, state of Mato Grosso, Brazil. The details of the Agreement are described in the Company's news release dated August 26, 2020. Pursuant to the Agreement, the Vendors of Cabacal elected to receive 1,000,000 common shares of the Company in lieu of a cash payment of C$300,000 for the Fourth Payment. In accordance with the applicable securities regulations and policies of the Toronto Stock Exchange, the common shares issued to Vendors pursuant to the Agreement are subject to a statutory four month and a day hold period. The Company is aggressively advancing the development of the Cabacal project and the management team, led by Dr. Adrian McArthur, CEO, continues to be focused on executing its ongoing work program. The drill program at Cabacal is ongoing with three rigs operating on site, and a fourth rig expected in the coming weeks. Assay results are expected to be reported over summer and autumn, as the Company continues to target the strong upside of Cabacal, and the belt-scale upside, commencing at Santa Helena.
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OPAD | Hot Stocks06:34 EDT Offerpad Solutions appoints Jawad Ahsan as CFO effective July 10 - Offerpad Solutions announced that Jawad Ahsan will become CFO of Offerpad effective July 10, succeeding Michael Burnett. Burnett will remain with the company in an advisory capacity through August 1 to assist with the transition. Jawad Ahsan most recently served as President of FreePower. Prior to joining FreePower, he served for 5 years as CFO at Axon Enterprise. Prior to Axon, Ahsan served as CFO for Market Track, a market intelligence tech company. Ahsan also spent 13 years in various roles at General Electric, most notably serving as CFO for Centricity, GE Healthcare's electronic health record and enterprise software businesses.
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GB | Hot Stocks06:13 EDT Global Blue releases Tax Free Shopping business update for June - New data from Global Blue reveals that the overall dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific. Globally, issued Sales in Store like-for-like recovery has propelled to 128% in June versus 112% in April/May. This increase is due to two primary factors. Firstly, there has been a re-acceleration to Q1 2023 levels in the recovery of US and Gulf Cooperation Council shoppers in Continental Europe. Secondly, Mainland Chinese shoppers have shown an accelerated recovery, particularly in Asia Pacific, where there are fewer travel-related barriers.
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SOHO | Hot Stocks06:08 EDT Sotherly Hotels reports Q2 occupancy 70.6% - Reports ADR $187.49; RevPAR $131.16. "Overall, we are encouraged with these preliminary results for the second quarter which reflect the sustained strength in demand for leisure travel and sequential improvement in group and business travel, with our urban markets fueling year-over-year gains," commented Dave Folsom, the Company's President and Chief Executive Officer.
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LODE | Hot Stocks06:07 EDT Comstock enters Mineral Exploration, Mining Lease agreement with Mackay - Comstock announced that its wholly-owned subsidiary Comstock Northern Exploration has entered into a Mineral Exploration and Mining Lease Agreement with Mackay Precious Metals, to lease the northernmost patented mining claims, mineral exploration rights and town lots controlled by Comstock. The Northern Targets encompass both the Gold Hill and northern Occidental Lode claim groups in the historic, world-class, Comstock Mining District located in Storey County, Nevada. The Mineral Lease has a term of 20 years and would automatically continue once mine feasibility is established and for so long as Mackay is engaged in mining operations and in full compliance with the Mineral Lease. The fees associated with the Mineral Lease included a $1.25M initiation fee that was fully paid at signing plus $1.5M per annum for the first four years, and $1M per annum thereafter, in all cases plus expense reimbursements of approximately $200,000 per year. Comstock also retains a 1.5% net smelter return royalty from all future precious metal production. The Mineral Lease contains non-competition restrictions prohibiting Mackay from staking property within two miles of any of the property owned or leased by Comstock in the District and mutual rights of first refusal with respect to the sale of certain mining assets for both parties.
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GENI | Hot Stocks06:06 EDT Genius Sports and NFL extend live game data partnership to 2027-28 season - Genius Sports and the National Football League, or NFL, have agreed to a multi-year extension of their existing strategic partnership to power the next generation of NFL fan experiences through official data and video distribution. The new extended deal will run through the end of the 2027-28 season. Genius Sports will remain the NFL's exclusive distributor of real-time, official play-by-play statistics, proprietary Next Gen Stats data and the NFL's official sports betting data feed to media companies and sports betting operators globally. The expansion of this partnership follows the launch and integration of official NFL data throughout the sports betting, media and broadcast ecosystem. Today, Genius Sports powers over 98% of the legalized U.S. sports betting market with official NFL data. This extended partnership also includes the exclusive right to distribute official NFL Watch & Bet low latency live game video feeds to sportsbooks internationally. Beginning with the 2023-24 season, Genius Sports and the NFL have reached a multi-year agreement to distribute Watch & Bet in the U.S. and Canada.
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PTEN | Hot Stocks06:03 EDT Patterson-UTI reports average of 126 drilling rigs in U.S. operation in June - PATTERSON-UTI ENERGY reported that for the month of June 2023, the Company had an average of 126 drilling rigs operating in the United States. For the three months ended June 30, 2023, the Company had an average of 128 drilling rigs operating in the United States.
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BANC | Hot Stocks06:03 EDT Banc of California names Joseph Kauder CFO - Banc of California appointed Joseph Kauder as Executive VP and CFO, effective July 10. Kauder succeeds Executive VP and CFO Lynn Hopkins, who stepped down from the Company effective March 31. Raymond Rindone, the Company's Deputy CFO and Chief Accounting Officer, will continue to serve as interim CFO until Kauder joins the company. Kauder has more than 30 years of experience in the banking and financial services industry, including more than 15 years in executive finance positions at Wells Fargo. Most recently, Kauder served as CFO for Wells Fargo's Commercial Banking Segment. Prior to that, Kauder was CFO and Chief Accounting Officer of the Wholesale Banking Segment. Kauder's career at Wells Fargo includes other senior leadership roles in finance, including as the Enterprise Accounting Business Unit Support Leader and the Director of Financial Oversight and Governance. Prior to his time at Wells Fargo, Kauder served as Senior VP, Director of Accounting Policy at Wachovia.
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META | Hot Stocks05:40 EDT Meta's Threads surpassed 10M signups within 7 hours of launch, says Zuckerberg - Meta CEO Mark Zuckerberg said Threads surpassed 10M signups within seven hours of launch. Previously, he said that 5M people signed up four hours after Meta officially released Threads. Reference Link
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META | Hot Stocks05:38 EDT Meta: Threads profile can only be deleted by deleting Instagram account - In a "Supplemental Privacy Policy," Meta said: "You may deactivate your Threads profile at any time, but your Threads profile can only be deleted by deleting your Instagram account." The company further stated: "Your Threads profile is part of your Instagram account, and may be deleted at any time by deleting your Instagram account." Reference Link
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ALPMY | Hot Stocks05:27 EDT Astellas Pharma granted priority review for zolbetuximab BLA - Astellas Pharma announced that the FDA has accepted and granted Priority Review for the company's Biologics License Application, or BLA, for zolbetuximab, a investigational Claudin 18.2-targeted monoclonal antibody, for first-line treatment of patients with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction, or GEJ, adenocarcinoma whose tumors are CLDN18.2-positive. If approved, zolbetuximab would be the first CLDN18.2-targeted therapy available in the U.S. for these patients.
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COTY | Hot Stocks05:23 EDT Coty raises Q4 revenue view to up 12%-15% from up 10%, consensus $1.27B - Coty hosts its first-ever investor event in Paris. In the conference, Coty will detail how it is leveraging its European heritage and end-to-end capabilities to achieve growth, resulting in the company significantly increasing its guidance on Q4 FY23 revenue growth to up 12%-15% on a like-for-like, or LFL, basis, up from its previous outlook for up 10% growth.
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UMC | Hot Stocks05:17 EDT UMC reports June revenue NT$19.06M, down 23.24%
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AJG | Hot Stocks05:16 EDT Arthur J. Gallagher acquires Fender Marine, terms undisclosed - Arthur J. Gallagher announced that its UK-based specialist underwriting subsidiary Pen Underwriting has acquired Norwegian managing general agent, or MGA, Fender Marine. Terms of the transaction were not disclosed.
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WAB | Hot Stocks05:15 EDT Wabtec wins component order for up to 504 Stadler cars - Wabtec won a contract to supply passenger information systems, or PIS, and pantographs for up to 504 Stadler cars as part of the VDV Tram-Train project. The order will enhance the passenger experience and power the new train cars for the transit consortium led jointly by six transportation companies from Germany and Austria. The company is responsible for the design, manufacturing, and delivery of the advanced PIS and pantograph systems. Over the next ten years, Wabtec will supply Stadler systems for 246 CITYLINK vehicles. The order includes an option for operators to order up to 258 more vehicles.
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FLR | Hot Stocks05:13 EDT Fluor enters MOU with Carbfix to pursue CCS solutions - Fluor announced its memorandum of understanding, or MOU, with Carbfix, the world's first carbon dioxide mineral storage operator, to pursue integrated carbon capture and storage, or CCS, solutions. Together, the companies look to minimize the impacts of climate change by helping to decarbonize hard-to-abate industries with high greenhouse gas emissions, such as steel, aluminum and cement.
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