Stockwinners Market Radar for July 12, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PATH | Hot Stocks20:57 EDT UiPath director sells $1.02M in common stock - In a regulatory filing, UiPath disclosed that its director Rich Wong sold 56.5K shares of common stock on July 11th in a total transaction size of $1.02M.
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TSLA | Hot Stocks20:10 EDT Cathie Wood's ARK Investment sold 20.9K shares of Tesla today
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CCJ | Hot Stocks20:09 EDT Cathie Wood's ARK Investment bought 179K shares of Cameco today
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DNA | Hot Stocks20:09 EDT Cathie Wood's ARK Investment bought 378.4K shares of Ginkgo Bioworks today
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CRUS | Hot Stocks20:00 EDT Cirrus Logic to cut 5% of global staff - In a regulatory filing, the company stated: "On July 12, 2023, the Company notified its employees that it has implemented a workforce reduction of approximately 5% of its global employees. This action was taken in response to overall market conditions and the impact related to a new product previously scheduled for introduction this fall no longer being expected to come to market as planned, which the Company previously disclosed in its Annual Report on Form 10-K for its fiscal year 2023 filed with the Securities and Exchange Commission on May 19, 2023. The Company continues to take steps to improve operational efficiency through product prioritization, targeted investments in R&D, and continued leverage in SG&A. The Company expects to recognize charges related to this workforce reduction in the second quarter of fiscal year 2024."
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GTE | Hot Stocks19:59 EDT Gran Tierra reports Q2 average production of 33.8K boe/d - Gran Tierra Energy announced an operational update. During second quarter 2023, Gran Tierra's total average production was approximately 33,800 BOPD, which is at the high end of the Company's 2023 previously disclosed average annual production guidance range. Gran Tierra's total Company current average production for third quarter 2023 to date is approximately 34,800 BOPD.
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IRRX | Hot Stocks18:20 EDT Integrated Rail and Resources Acquisition extends combination deadline - Integrated Rail and Resources Acquisition received notice from the company's sponsor, DHIP Natural Resources Investments that the company intends to extend the time available in order to consummate a business combination with target businesses from July 15 to August 15. The company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While the company may pursue an initial business combination target in any business or industry, it intends to focus its search on natural resources, railroads and/or railroad logistics companies, or any combinations thereof.
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NFTG... | Hot Stocks18:19 EDT NFT Gaming up 90% today on Google Play decision on blockchain games - Shares of NFT Gaming were up 90% or 64c, ending the day at $1.34 per share, following the announcement that Google Play is amending its policies to allow blockchain games and apps.
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ANF | Hot Stocks18:07 EDT Abercrombie & Fitch CEO Horowitz sells 120,000 class A shares - In a regulatory filing, Abercrombie & Fitch CEO Fran Horowitz disclosed the sale of 120,000 class A common shares of the company on July 10 at a price of $35.42 per share.
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TMUS | Hot Stocks18:06 EDT T-Mobile exec sells $2.1M in common stock - In a regulatory filing, T-Mobile disclosed that its Consumer Group President Jon Freier sold 15K shares of common stock on July 10th in a total transaction size of $2.1M.
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IMAX | Hot Stocks18:04 EDT Imax intends to acquire full ownership of IMAX China subsidiary - Imax has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China, a Hong Kong-listed subsidiary established by Imax to oversee its business in Greater China, for approximately HK$10 per share in cash, or $124M. The offer represents an approximate 49% premium to the the 30-trading day average closing price. Upon approval of the offer and the scheme of arrangement, Imax will own 100% of Imax China. The transaction is expected to be accretive to Imax immediately following completion; for instance, Imax Q1 Adjusted EBITDA would have been $5M, or 18%, higher including the Imax China minority interest. The transaction could also unlock approximately $2M of annual public company cost savings as well as potential tax efficiencies. The first commercial Imax location opened in China in 2007 and Imax China was established as a subsidiary in 2011. There are more than 770 Imax commercial locations in Greater China - the most of any market in the world. Upon completion, Daniel Manwaring will continue as Imax China CEO, reporting to Gelfond and overseeing all local business functions. Imax China will remain headquartered in Shanghai with offices in Beijing. The acquisition of Imax China is subject to customary closing conditions, including the receipt of Imax China shareholder and other approvals, and is expected to close later this year.
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COIN | Hot Stocks18:01 EDT Coinbase Wallet debuts messaging feature for direct interaction - The company blogged in part ,earlier on Wednesday: " At Coinbase, we're committed to building towards a future where people spend more time onchain, using blockchains and decentralized applications to interact and transact with confidence and freedom. Over the past five years, we've developed Coinbase Wallet as a user-friendly, secure self-custody experience beyond buying, selling, and holding, such as collecting NFTs, earning crypto rewards, and participating in play-to-earn gaming. Today, we're announcing a new way to engage with the crypto community with built-in messaging on Coinbase Wallet powered by the XMTP protocol. Messaging on Coinbase Wallet is end-to-end encrypted, private, and portable. It allows you to connect directly through your wallet, engage with your communities, send payments across thousands of coins, including gas-free USDC, and take your conversations across any other XMTP compatible app-giving you full control and ownership over your identity and chats. We're enabling messaging first for a small subset of our users, including all Lens protocol users and anyone who scans this QR code." Reference Link
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STRC | Hot Stocks17:54 EDT Sarcos Technology to reduce headcount by 300 employees, sees $1.5M Q3 charge - Sarcos Technology and Robotics Corporation announced that it has further refined its sales strategy to focus on products that have the most potential for near-term revenue growth and strategic opportunities that show the greatest market traction and meet an acute customer need. "We have initiated a more focused business plan, concentrating on solutions that we believe have the greatest alignment with customer demand and speed to market. We are also reducing expenses and headcount and consolidating our manufacturing footprint...In conjunction with these initiatives, Sarcos conducted a thorough review of its organization and made the difficult but strategic decision to significantly reduce its headcount. The leaner structure matches the company's refined focus and positions the Company for future growth, while reducing monthly average cash usage from approximately $6.5M in the second quarter of 2023 to $3M in the first quarter of 2024. As a result, approximately one-fourth of the Company's approximately 300 employees will be let go across the company. The reduction in force is largely happening immediately and is expected to save approximately $14.1M annually. A one-time charge of approximately $1.5M will occur in the third quarter," noted the company.
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TSLA | Hot Stocks17:41 EDT Elon Musk debuts his new AI startup xAI - Elon Musk, the co-founder and chief of Tesla (TSLA), SpaceX, Neuralink and The Boring Company announced his artificial intelligence startup xAI he started to rival ChatGPT-maker OpenAI. His newest start-up, xAI launched on Wednesday with the goal "to understand the true nature of the universe." The blog post said: "Today we announce the formation of xAI. The goal of xAI is to understand the true nature of the universe. You can meet the team and ask us questions during a Twitter Spaces chat on Friday, July 14th. Our team is led by Elon Musk, CEO of Tesla and SpaceX. We have previously worked at DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and the University of Toronto. Collectively we contributed some of the most widely used methods in the field, in particular the Adam optimizer, Batch Normalization, Layer Normalization, and the discovery of adversarial examples. We further introduced innovative techniques and analyses such as Transformer-XL, Autoformalization, the Memorizing Transformer, Batch Size Scaling, and muTransfer. We have worked on and led the development of some of the largest breakthroughs in the field including AlphaStar, AlphaCode, Inception, Minerva, GPT-3.5, and GPT-4." Reference Link
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RL | Hot Stocks17:38 EDT Ralph Lauren CEO sells $1.16M in common stock - In a regulatory filing, Ralph Lauren announced that its CEO Patrice Louvet sold 9.3K shares of common stock on July 10th in a total transaction size of $1.16M.
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ROKU | Hot Stocks17:36 EDT Roku, FreeWheel enter strategic partnership - Roku and FreeWheel "announced a new partnership that will bring forth a suite of industry solutions to unlock the full value of streaming TV for advertisers and publishers. As part of this collaboration, the two companies will be launching new technological offerings that aim to simplify, optimize and enhance TV streaming. The effort is especially timely and noteworthy as the industry approaches a critical time in TV streaming's evolution. Per Nielsen, time spent with streaming TV surpassed broadcast and cable for the first time since 2022. Additionally, eMarketer projects 57% of U.S. digital video users will stream an advertising-based video on demand service this year."
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GOOG GOOGL | Hot Stocks17:25 EDT Google Play amends policies allowing blockchain games and apps - Joseph Mills, Group Product Manager, Google Play posted in part earlier on the Android Developers Blog: "As a platform, we always want to help developers bring innovative ideas to life. Google Play hosts a variety of blockchain related apps, and we know that our partners are excited to expand on these offerings to create more engaging and immersive digital experiences with tokenized digital assets such as NFTs. Like with any emerging technology, we must balance innovation with our responsibility to protect users. So, we've spoken with developers about responsibly supporting those opportunities while continuing to provide a safe, transparent, and trusted experience for everyone... we're pleased to share that we're updating our policy to open new ways to transact blockchain-based digital content within apps and games on Google Play. From reimagining traditional games with user-owned content to boosting user loyalty through unique NFT rewards, we're excited to see creative in-app experiences flourish and help developers expand their businesses...In line with Google Play's Real-Money Gambling, Games, and Contests policy, apps that have not met gambling eligibility requirements cannot accept money for a chance to win assets of unknown real-world monetary value, including NFTs. For example, developers should not offer purchases where the value of the NFT users receive is not clear at the time of purchase...As part of the policy update, we're requiring that apps be transparent with users about tokenized digital assets...developers may not promote or glamorize any potential earning from playing or trading activities. In line with Google Play's Real-Money Gambling, Games, and Contests policy, apps that have not met gambling eligibility requirements cannot accept money for a chance to win assets of unknown real-world monetary value, including NFTs." Reference Link
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PMD | Hot Stocks17:17 EDT Psychemedics appoints Brian Hullinger to succeed Ray Kubacki as CEO - Psychemedics has approved a transition plan for the company's President and CEO position. Effective August 17th, current Chairman of the Board, President, and CEO, Ray Kubacki, will retire from the positions he holds and be succeeded by Brian Hullinger as President and CEO. Subject to shareholder approval, Hullinger will also join the company's board of directors. Kubacki will remain with the company in an advisory role for a period after August 17. . Hullinger has held leadership positions including CEO, head of global sales and marketing, and CRO at several tech-enabled service organizations. Kubacki joined the company in 1991 as its President and CEO. He was appointed Chairman of the Board in 2003. Fred Weinert informed the company he is retiring as a director at the expiration of his current term at the 2023 annual meeting of stockholders. After his retirement, the board will be comprised of five members.
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BAFYY | Hot Stocks17:08 EDT Balfour Beatty awarded to deliver new state prison in Georgia with $320M deal - Balfour Beatty "has been awarded to deliver a new state prison in Georgia valued at approximately $320M on behalf of Georgia State Financing and Investment Commission, in association with Georgia Building Authority and the Georgia Department of Corrections. The modern facility will support GDC's operations in providing a highly efficient, state-owned and operated prison system that meets the evolving needs of correctional services for decades to come. The facility will support services for 3,000 inmates including housing, administration, programming, general and vocational education, medical, intake and more. Balfour Beatty will be the construction manager at risk and will engage early in programming and design of the new prison providing collaborative preconstruction and constructability services throughout the design phase. Design and preconstruction services will start immediately with the construction contract anticipated in Q4 2023."
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CPA | Hot Stocks17:04 EDT Copa Holdings reports June traffic up 14.9% vs. June 2022 - For June 2023, Copa Holdings' capacity - ASMs - increased 10.7%, while system-wide passenger traffic - RPMs - increased 14.9%, compared to 2022. As a result, system load factor for the month was 86.8%, 3.1 percentage points higher than June 2022.
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AAPL | Hot Stocks17:03 EDT Apple TV+ nominated for 54 Emmy Award nominations with original titles - "Apple TV+ makes history with a record 54 Emmy Award nominations across 13 hit Apple Original titles, catapulting to the third most Emmy-nominated network in just over three years since its global launch. Apple Originals land major category nominations including Outstanding Comedy series for this year's most Emmy-nominated comedy "Ted Lasso"; Outstanding Documentary or Nonfiction Special for "STILL: A Michael J. Fox Movie," which also leads as this year's most Emmy-nominated documentary; Outstanding Hosted Nonfiction Series or Special for late night breakout "The Problem with Jon Stewart"; and Outstanding Short Form Comedy, Drama or Variety Series for "Carpool Karaoke: The Series." Nominations for the 75th Emmy Awards were announced today by the Television Academy and the winners are set to be unveiled at a ceremony on September 18," said the company in a statement. Reference Link
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DIS | Hot Stocks17:01 EDT Disney extends Robert Iger's contract as CEO through 2026 - The Walt Disney Company Board of Directors announced that Robert A. Iger has agreed to continue to serve as Chief Executive Officer through December 31, 2026. In voting unanimously to extend Mr. Iger's contract by two years, the independent members of the Board of Directors noted that Iger's extension provides continuity of leadership during the Company's ongoing transformation, and allows more time to execute a transition plan for CEO succession, which remains a priority for the Board. "Time and again, Bob has shown an unparalleled ability to successfully transform Disney to drive future growth and financial returns, earning him a reputation as one of the world's best CEOs," said Mark G. Parker, Chairman, The Walt Disney Company. "Bob has once again set Disney on the right strategic path for ongoing value creation, and to ensure the successful completion of this transformation while also allowing ample time to position a new CEO for long-term success, the Board determined it is in the best interest of shareholders to extend his tenure, and he has agreed to our request to remain Chief Executive Officer through the end of 2026." Iger returned to the company in November of 2022 after serving as CEO and Chairman from 2005 to 2020, and then as Executive Chairman and Chairman of the Board through 2021.
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MDRR | Hot Stocks17:00 EDT Medalist Diversified REIT completes strategic review with approval of asset sale - Medalist Diversified "announced that the Special Committee (the "Special Committee") of the Company's Board of Directors has completed its exploration of strategic alternatives. Upon the recommendation of the Special Committee, the Board has approved the Company's negotiation of the sale of its interests in four properties from the Company's portfolio. Consummation of the sale is subject to negotiation of, and entry into, definitive agreements and related loan assumptions, and there can be no assurance as to the sales prices or other terms of the sales, or the timing of any of the sales, or whether such sales will occur. Further information about this potential transaction will be disclosed, as appropriate. Simultaneously, the Company announced that it is exploring diverse opportunities that might include mergers, investments, or other strategic combinations, with a focused objective of enhancing shareholder value."
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GWW | Hot Stocks17:00 EDT Grainger announces plans for new Oregon distribution center - Grainger announced plans to open a 500,000-square-foot distribution center in Gresham, Oregon in 2025. The new Northwest Distribution Center will enhance customer service across the Pacific Northwest, providing the company additional capacity to continue delivering best-in-class, next day complete orders across the United States. Grainger plans to break ground this summer. "Opening a new, highly automated distribution center ensures we can continue to reach 99 percent of the U.S. market the next day," said Barry Greenhouse, Grainger Senior Vice President and President of Global Supply Chain and Customer Experience. "The Pacific Northwest is a market we've identified as a strategic expansion location to stock many more products than we do today, benefitting more local customers."
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NEXT TTE | Hot Stocks16:55 EDT NextDecade makes positive final investment decision on Rio Grande LNG Phase 1 - NextDecade (NEXT) has made a positive final investment decision to construct the first three liquefaction trains - Phase 1 - at the company's 27 million tons per annum Rio Grande LNG export facility in Brownsville, Texas. The company executed and closed a joint venture agreement for Phase 1 which included approximately $5.9B of financial commitments from Global Infrastructure Partners, GIC, Mubadala Investment, and TotalEnergies (TTE); committed to invest approximately $283M in Phase 1 including $125M of pre-FID capital investments into Phase 1; closed senior secured non-recourse bank credit facilities of $11.6B, consisting of $11.1B in construction term loans and a $500M working capital facility; and closed a $700M senior secured non-recourse private placement notes offering. The $18.4B project financing for RGLNG Phase 1, is the largest greenfield energy project financing in U.S. history. RGLNG issued the notice to proceed to Bechtel Energy to begin construction of Phase 1 under its lump-sum turnkey engineering, procurement, and construction contracts. Phase 1, with nameplate liquefaction capacity of 17.6 MTPA, has 16.2 MTPA of long-term binding LNG sale and purchase agreements. Under the joint venture agreement executed today, NextDecade will hold equity interests that entitle the company to receive up to 20.8% of the cash flows generated by Phase 1 during operations. Financial Investors and TTE will hold equity interests that entitle them to a minimum of 62.5% and 16.7% of the cash flows generated by Phase 1 during operations, respectively.
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FATP | Hot Stocks16:54 EDT Fat Projects Acquisition extends merger to July 15 from June 15 - Fat Projects Acquisition, a special purpose acquisition company, announced the deposit into the Company's trust account of an aggregate of $24,279.65 representing $0.05 per share for each of its 485,593 outstanding publicly held Class A ordinary shares. The deposit enables the Company to extend the period of time it has to consummate its initial business combination by one month from June 15, 2023 to July 15, 2023. The Extension is the third of up to nine one-month extensions permitted under the Company's governing documents. The funds came from the working capital of the Company raised from non-interest-bearing loans from affiliates of the Company's Sponsor, directors or officers. The Extension provides the Company with additional time to complete its initial business combination with Avanseus Holdings a Singapore private company limited by shares . As previously reported, FATP and Avanseus entered into a Business Combination Agreement dated August 26, 2022, as amended by a First Amendment to Business Combination Agreement dated October 3, 2022 and the Second Amendment to Business Combination Agreement dated February 14.
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BNS | Hot Stocks16:53 EDT Scotiabank increases prime lending rate to 7.2% from 6.95% - Scotiabank announced that it is increasing its Canadian dollar prime lending rate to 7.2% from 6.95%, effective July 13, 2023.
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LGF.A LGF.B | Hot Stocks16:51 EDT Lionsgate files Form 10 in connection with separation of Studio and Starz units - Lionsgate announced the public filing of a Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with its planned separation into two independent, publicly traded companies. The separation would result in the Company's Motion Picture and Television Production segments and a substantial portion of its corporate general and administrative functions becoming an independent, separately traded public company. The company's Media Networks segment would remain in the existing company. "The filing of this Form 10 continues the process of planning for the separation of the Studio and Starz businesses," said Lionsgate CEO Jon Feltheimer. "We remain excited by the prospect of separating Lionsgate and Starz into standalone companies with strong financial foundations that will allow each company to pursue its own distinct strategy while offering investors the opportunity to own both a pure-play publicly-traded content studio and a premium subscription platform." The public Form 10 includes preliminary detailed information about the Studio Business, the Starz Business and the go forward separate companies. The public Form 10 is subject to change prior to completion of the separation. The timing of this separation will be subject to a number of factors including ongoing and potential business opportunities as well as the condition of the financial markets. The separation itself remains subject to final approval by Lionsgate's Board of Directors as well as approval by the company's shareholders and governmental authorities, including the Supreme Court of British Columbia, and other customary conditions.
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CBOE | Hot Stocks16:46 EDT Cboe Global Markets CEO sells $1.09M in common stock - In a regulatory filing, Cboe disclosed that its CEO Edward Tilly sold 8K shares of common stock on July 10th in a total transaction size of $1.09M.
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TEAM | Hot Stocks16:44 EDT Atlassian director Salem sells 10,000 class A shares - In a regulatory filing, Atlassian director Enrique Salem disclosed the sale of 10,000 class A common shares of the company on July 10 at a price of $168.13 per share.
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VSAT | Hot Stocks16:40 EDT ViaSat down 7% at $40.00 following update on ViaSat-3 Americas satellite
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VSAT | Hot Stocks16:39 EDT ViaSat says unexpected event during reflector deployment may impact ViaSat-3 - The company states: "Viasat disclosed that an unexpected event occurred during reflector deployment that may materially impact the performance of the ViaSat-3 Americas satellite. Viasat and its reflector provider are conducting a rigorous review of the development and deployment of the affected reflector to determine its impact and potential remedial measures. Contingency plans are currently being refined to minimize the economic effect to the company. Potential options include redeploying satellites from Viasat's extensive fleet to optimize global coverage, and/or reallocating a subsequent ViaSat-3 class satellite to provide additional Americas bandwidth. The initial service priority for ViaSat-3 Americas has been to facilitate growth in the company's North American fixed broadband business. There is no disruption to customers from this event, and no impact to coverage or capacity of the respective Viasat and Inmarsat constellations currently in service. Following the Inmarsat acquisition, Viasat has 12 Ka-band satellites in space, excluding ViaSat-3, with eight additional Ka-band satellites under construction."
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NTIOF | Hot Stocks16:35 EDT National Bank raises Canadian prime rate to 7.2% - National Bank announces an increase in its Canadian prime rate by 25 basis points to 7.20%, effective July 13, 2023.
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WFRD PBR | Hot Stocks16:35 EDT Weatherford awarded five-year contract from Petrobras - Weatherford (WFRD) announced it has been awarded a five-year contract to provide Intervention Services for Petrobras (PBR) in Brazil. Weatherford has performed Intervention Services in Brazil for more than 20 years in close cooperation with Petrobras to develop a offering to address subsea intervention and commissioning.
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AMN | Hot Stocks16:33 EDT AMN Healthcare CLO Jackson to retire - AMN Healthcare Services announced two executive leadership promotions in conjunction with the upcoming retirement of two longtime senior leaders. Denise Jackson, Corporate Secretary and Chief Legal Officer, and Landry Seedig, Group President, Nursing and Allied Solutions, will retire in August, and they both will be succeeded by executives from within the company who will continue the outstanding work that has marked the tenure of these retiring leaders. Robin Johnson will be promoted effective Aug. 26 to Group President, Nursing and Allied Solutions, having served as the Division President for Allied Staffing Solutions for the past six years. She brings more than 30 years of experience in the industry, leading transformations, growing businesses, and providing workforce solutions to a variety of clients. Whitney M. Laughlin will assume the role of Corporate Secretary and Chief Legal Officer effective Aug. 19. She joined AMN in 2006 and is currently Deputy General Counsel and Assistant Corporate Secretary. Whitney has demonstrated her ability to lead and direct the legal and compliance teams, oversee mergers and acquisitions, serve as a trusted advisor to our sales and operational teams, and support the Board of Directors in a variety of governance activities.
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R | Hot Stocks16:31 EDT Ryder increases quarterly cash dividend 9c to 71c per share - Ryder has declared a regular quarterly cash dividend of 71c per share of common stock to be paid on September 15 to shareholders of record on August 21. This dividend reflects an increase of 9c from the 62c cash dividend that Ryder had been paying quarterly since July 2022.
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KBH | Hot Stocks16:31 EDT KB Home CFO Jeff Kaminski sells $5.5M in company shares - KB Home CFO Jeff Kaminski disclosed the sale of 108,396 shares of company stock at $51.15 per share on July 11 for a total transaction amount of $5,544,455
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VCTR | Hot Stocks16:31 EDT Victory Capital reports AUM of $161.6B as of June 30 - Victory Capital reported assets under management of $161.6B as of June 30, 2023, and average assets under management for June of $158.7B. The company also reported long-term net flows in the second quarter of -$2.1B, which included the previously disclosed $1.1B institutional redemption. That isolated redemption was from a passive equity strategy priced at three basis points and made no meaningful margin contribution.
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BSET | Hot Stocks16:27 EDT Bassett Furniture increases quarterly dividend by 12.5% to 18c per share - Bassett Furniture has increased the quarterly dividend by 12.5%, declaring a regular quarterly dividend of 18c per share of common stock, payable on August 25 to shareholders of record at the close of business on August 11.
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AB | Hot Stocks16:21 EDT AllianceBernstein reports preliminary AUM $691B as of June 30 - Up from $670B at the end of May. Market appreciation coupled with firmwide net inflows drove the 3% increase. By channel, net inflows from Institutions outweighed modest Retail net outflows, while Private Wealth net flows were unchanged.
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APAM | Hot Stocks16:19 EDT Artisan Partners reports June AUM $143B - Artisan Partners reported that its preliminary assets under management, or AUM, as of June 30 totaled $143B. Artisan Funds and Artisan Global Funds accounted for $69.1B of total firm AUM, while separate accounts and other AUM accounted for $73.9B.
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BALY | Hot Stocks16:17 EDT Bally's signs multi-year live dealer agreement with Stakelogic - Bally's has entered into a strategic partnership with Stakelogic, a live casino supplier. The partnership follows the passage of the Rhode Island iGaming bill, which occurred on June 22, extending Bally's role as the sole active casino operator in the state to now include iGaming. As part of their partnership, Bally's will leverage Stakelogic's software and studio technology to launch Bally's live casino in North America. Bally's intends to offer popular online live casino games such as Blackjack, Roulette and Baccarat in Rhode Island beginning in April 2024. Stakelogic has two live casino studios in Europe, a portfolio of over 250+ slot games, as well as live dealer technology.
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IVZ | Hot Stocks16:16 EDT Invesco reports preliminary AUM $1.54T as of June 30 - An increase of 3.4% versus previous month-end. The firm delivered net long-term inflows of $2.9B in the month. Non-management fee earning net inflows were $0.9B and money market net inflows were $4.9B.
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MLKN | Hot Stocks16:10 EDT MillerKnoll reports Q4 adjusted gross margin 37.0% vs. 34.8% last year - Reports Q4 gross margin 37.1% vs. 34.8% last year.
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NNBR | Hot Stocks16:10 EDT NN, Inc. announces plan to reduce board size from nine to seven members - NN announced that as a part of its ongoing review of governance policies and commitment to operating consistently with best practices in corporate governance, its Board of Directors has decided to reduce the Board's size from nine to seven members. As a result, independent directors Shihab Kuran and Robert E. Brunner offered to and will retire, effective August 23. Jeri Harman, Chairman of the Board of NN, commented, "As we benchmarked companies of similar-size and in our industry, we recognized the opportunity to enhance the efficiency of our board by reducing the size of our directorship. The smaller, more efficient Board will also reduce corporate costs while maintaining the independence and experience needed to guide our management team and drive value creation for the Company's shareholders."
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MLKN | Hot Stocks16:09 EDT MillerKnoll enters FY24 with consolidated backlog of $698M - "Beginning backlog: We entered fiscal year 2024 with a consolidated backlog of $698 million. This is 25% lower than it was at the start of fiscal 2023. Recent order trends: New orders of $922 million in Q4FY23 were approximately 9% lower than the same quarter last year. Extra week in FY23: the first quarter of fiscal year 2023 included 14 weeks of operations. The first quarter of fiscal 2024 will include a standard 13-week schedule. This extra week in the prior year accounted for an estimated $77 million of net sales."
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NOC | Hot Stocks16:07 EDT Northrop Grumman names Kathryn Simpson general counsel - Northrop Grumman announced that its board of directors has elected Kathryn Simpson corporate vice president and general counsel, effective October 30. She will succeed Sheila Cheston, who has announced her intent to retire effective December 1. Simpson will report to Kathy Warden, chair, chief executive officer and president, and oversee the company's legal matters. Simpson is currently vice president and associate general counsel in the company's Mission Systems sector.
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VRTS | Hot Stocks16:05 EDT Virtus Investment reports preliminary AUM of $168.3B as of June 30 - Virtus Investment Partners, Inc. reported preliminary assets under management of $168.3B as of June 30, 2023. The increase from March 31, 2023 primarily reflected the addition of $7.8B of assets from the acquisition of AlphaSimplex Group, LLC, market appreciation, and institutional net inflows, partially offset by net outflows in open-end funds. In addition, the company provided services to $2.6B of other fee-earning assets, which are not included in assets under management.
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BEN | Hot Stocks16:02 EDT Franklin Resources reports June-end AUM of $1.43T - Franklin Resources "reported preliminary month-end assets under management of $1.43 trillion at June 30, 2023, compared to $1.40 trillion at May 31, 2023. This month's increase in AUM reflected the impact of positive markets and modest long-term net inflows. For the quarter ended June 30, 2023, AUM reflected the positive impact of markets and long-term net inflows of $0.2 billion which include the previously disclosed $3.2 billion low-fee equity mandate."
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CM | Hot Stocks15:32 EDT CIBC raises Canadian prime lending rate to 7.20% from 6.95%, effective 7/13
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SHOP | Hot Stocks15:05 EDT Shopify introduces AI assistant for merchants Sidekick - Canadian ecommerce firm Shopify debuted an artificial intelligence assistant for merchants on its platform, earlier on Wednesday. The Shopify CEO, Tobi Lutke, introduced "Sidekick, "an AI assistant for merchants on the Shopify platform, in a video posted on Twitter...Lutke described the new artificial intelligence assistant for merchants as "deeply competent" and "available around the clock" to answer the merchants inquiries about specific industry questions. "Shopify believes entrepreneurs are heroes and "every hero needs a Sidekick." Reference Link
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RY | Hot Stocks14:35 EDT RBC Royal Bank raises prime rate to 7.2% from 6.95% - RBC Royal Bank is increasing its prime rate by 25 basis points to 7.2% from 6.95%, effective July 13, 2023.
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CNI... | Hot Stocks13:39 EDT North American rail traffic down 9.8% for the week ending July 8 - The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending July 8. For this week, total U.S. weekly rail traffic was 407,843 carloads and intermodal units, down 5.1% compared with the same week last year.Total carloads for the week ending July 8 were 197,086 carloads, down 2.3% compared with the same week in 2022, while U.S. weekly intermodal volume was 210,757 containers and trailers, down 7.6% compared to 2022.Five of the 10 carload commodity groups posted an increase compared with the same week in 2022. They included metallic ores and metals, up 1,243 carloads, to 18,031; nonmetallic minerals, up 759 carloads, to 30,033; and petroleum and petroleum products, up 445 carloads, to 8,843. Commodity groups that posted decreases compared with the same week in 2022 included grain, down 3,685 carloads, to 12,629; coal, down 1,745 carloads, to 58,369; and forest products, down 1,373 carloads, to 7,140. North American rail volume for the week ending July 8, 2023, on 12 reporting U.S., Canadian and Mexican railroads totaled 296,283 carloads, down 2.7% compared with the same week last year, and 260,069 intermodal units, down 16.8% compared with last year. Total combined weekly rail traffic in North America was 556,352 carloads and intermodal units, down 9.8%. North American rail volume for the first 27 weeks of 2023 was 17,384,731 carloads and intermodal units, down 4.2% compared with 2022. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Greenbrier (GBX), Trinity (TRN), FreightCar America (RAIL) and Wabtec (WAB). Reference Link
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BDRX | Hot Stocks12:31 EDT Biodexa Pharmaceuticals PLC-ADR trading resumes
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BDRX | Hot Stocks12:26 EDT Biodexa Pharmaceuticals PLC-ADR trading halted, volatility trading pause
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RBLX META | Hot Stocks12:19 EDT Roblox coming to Meta Quest with Open Beta in 'coming weeks' - Roblox (RBLX) stated in a Developer Forum post: "We are excited to announce that Roblox is coming to Meta Quest, with an Open Beta on App Lab releasing in the coming weeks! Today, more than 66 million users join Roblox every day across a wide range of mobile devices (iOS and Android), desktops, and Xbox. Roblox, one of the largest 3D immersive platforms, will soon be available on Meta Quest, the leading VR headset. Roblox on Meta Quest is available for any user 13 and older. This opens up another opportunity for developers to create and share their experiences with millions of people instantly on Meta Quest. Roblox developers will be able to bring their existing experiences to Meta Quest or create unique new experiences with VR in mind." Reference Link
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BASFY | Hot Stocks12:08 EDT BASF reduces 2023 outlook, now sees sales EUR 73B- EUR 76B - Previously, BASF forecast 2023 sales of EUR 84B-EUR 87B. Now sees 2023 EBIT before special items EUR 4B-EUR 4.4B vs. prior view of EUR 4.8B-EUR 5.4B. For the second half of 2023, BASF does not expect any further weakening in demand at the global level, as inventories of chemical raw materials in customer industries have already been greatly reduced. However, BASF is assuming only a tentative recovery because global demand for consumer goods will be lower than previously assumed. With this, margins will also remain under pressure.
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AREB | Hot Stocks12:06 EDT American Rebel regains compliance with Nasdaq minimum bid price requirement - American Rebel Holdings received a formal notice from The Nasdaq Stock Market stating that American Rebel has regained compliance with the $1.00 per share minimum bid price requirement pursuant to Nasdaq Listing Rule 5550(a)(2), and that the Company is in compliance with all applicable listing standards. On July 12, 2023, the Company received a written notification from the Listing Qualifications Department of Nasdaq indicating that, as of July 11, 2023, the Company had regained compliance with the Minimum Bid Price Requirement. American Rebel's stock continues to be listed and traded on The Nasdaq Capital Market.
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DMLP | Hot Stocks12:04 EDT Dorchester Minerals completes purchase of mineral and royalty interests - Dorchester Minerals, L.P. announced that it has completed an acquisition of mineral and royalty interests totaling approximately 17,000 gross acres and 900 net royalty acres located in 13 counties and parishes across Louisiana, New Mexico and Texas. The transaction is structured as a non-taxable contribution and exchange. The contributing entities conveyed their interests to DMLP in exchange for 343,750 common limited partnership units of Dorchester Minerals, L.P.
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DUST | Hot Stocks12:00 EDT Direxion Daily Gold Miners Bear 3X ETF falls -7.9% - Direxion Daily Gold Miners Bear 3X ETF is down -7.9%, or -95c to $11.04.
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JDST | Hot Stocks12:00 EDT Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -8.4% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is down -8.4%, or -57c to $6.20.
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BKD | Hot Stocks12:00 EDT Brookdale Senior Living falls -8.5% - Brookdale Senior Living is down -8.5%, or -36c to $3.94.
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NRGV | Hot Stocks12:00 EDT Energy Vault rises 11.5% - Energy Vault is up 11.5%, or 34c to $3.30.
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QUAD | Hot Stocks12:00 EDT Quad/Graphics rises 12.0% - Quad/Graphics is up 12.0%, or 50c to $4.68.
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HLLY | Hot Stocks12:00 EDT Holley rises 21.5% - Holley is up 21.5%, or 94c to $5.34.
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CMI | Hot Stocks11:27 EDT Cummins names Jennifer Rumsey as chair following retirement of Tom Linebarger - Cummins announced its Board of Directors has unanimously elected Cummins President and CEO Jennifer Rumsey to Chair of the company's Board of Directors, effective August 1, 2023. Rumsey succeeds Tom Linebarger, who is retiring from both of his Cummins positions as Executive Chairman and Chairman of the Board, effective July 31, 2023. Rumsey was first appointed to the Cummins Board of Directors in February 2022 and has served as President and CEO of the company since August 2022.
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HIVE | Hot Stocks11:09 EDT Hive Digital debuts new name and strategic pivot - Hive Digital Technologies, formerly Hive Blockchain, announced a name change "to better represent the company's evolving focus on the revenue opportunities with our Nvidia Graphics Processing Unit cards in Cloud compute technology, and its mission to drive advancements in Artificial Intelligence applications such as ChatGPT, to support the new Web3 ecosystem." The company stated: "HIVE has been a pioneering force in the cryptocurrency mining sector since 2017. The adoption of a new name signals a significant strategic shift to harness the potential of GPU Cloud compute technology, a vital tool in the world of AI, machine learning, and advanced data analysis, allowing us to expand our revenue channels with our Nvidia GPU fleet. HIVE, while maintaining a strong presence in Bitcoin mining, intends to utilize its robust 38,000 Nvidia GPU fleet for computational tasks on a massive scale. In addition, the Company plans to branch out into the rental of GPU server clusters via marketplaces and the development of its new service, HIVE Cloud. This cloud service will empower users with access to a virtual instance of a single GPU, a bare-metal server equipped with up to 10 GPUs, or even clusters of multiple servers to provide an array of computing power. HIVE Cloud aims to provide small and medium-sized businesses with an efficient and cost-effective alternative with substantial savings from the major cloud service providers. Aydin Kilic, Hive President and CEO, added: "Our name change and strategic pivot indicates our progressive trajectory as a company. High performance computing, driven in large part by GPU processing power, is growing incredibly fast today thanks to this impressive new generation of consumer and enterprise AI tools. Training these tools, from ChatGPT to Midjourney, require high-end GPU compute. As businesses adapt to the new AI world, we believe they will seek companies like HIVE to develop their own AI tools, to give them a competitive edge in this new era of digital information. HIVE Cloud will aim to provide AI compute for enterprises where privacy and ownership of data are key considerations. We are seeing the world's GPU computing demands being best served by Nvidia data-centre grade GPUs, as they feature the unique Tensor Core and Ray Tracing (RT) Core architecture, which are included in our fleet. HIVE purchased Nvidia GPUs with these features that go above and beyond the computing requirements for mining Ethereum. Additionally, we have partnered with SuperMicro, to provide the CPU computing power and storage, to complement our Nvidia GPUs. Our initial order of SuperMicro servers are expected to arrive in the next month, and the Company expects to have additional deliveries announced throughout the year. As we expand our GPU Cloud business, we require a strategy that better reflects both sides of our business. We build infrastructure for emerging digital tech, not just blockchain, and we intend to utilize our large fleet of GPUs to grow a cloud hosting business. We believe AI and machine learning are going to drive significant demand for GPU compute going forward."
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FNB | Hot Stocks11:02 EDT F.N.B. promotes Scott Mizerak to Chief Digital Officer - F.N.B. Corporation recently announced the promotion of Scott Mizerak to Chief Digital Officer of its banking subsidiary, First National Bank, and its affiliates. Mizerak, who joined FNB in 2013 as Manager of Digital Channels and Payments, takes on the role previously held by Samuel Kirsch, who retired in May, the company noted.
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DFS WFC | Hot Stocks11:02 EDT Discover appoints Jason Strle as CIO - Jason Strle has been named Discover's (DFS) new Chief Information Officer responsible for implementing technology across the organization and continuing to deliver reliable and more secure products for customers. He will join the company's Executive Committee as an executive vice president on July 18. Strle joins Discover from Wells Fargo (WFC), where he served as EVP & Group CIO of its payments, virtual solutions, innovation and community banking business units, and more recently oversaw enterprise functions. Strle succeeds Amir Arooni, who joined Discover in 2020 and leaves a lasting impact through his Project Runway initiative.
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RDY | Hot Stocks10:28 EDT Dr. Reddy's proposed rituximab biosimilar BLA accepted for review by FDA - Dr. Reddy's Laboratories announced that its Biologics License Application for its proposed biosimilar rituximab candidate DRL_RI has been accepted for a substantive review by the U.S. Food and Drug Administration. This closely follows acceptance of its rituximab biosimilar dossier for review by two other regulatory agencies - the European Medicines Agency and the United Kingdom's Medicines and Healthcare products Regulatory Agency. In January 2023, Dr. Reddy's had announced the completion of the full set of clinical studies of its proposed rituximab biosimilar candidate, DRL_RI, for filing in highly regulated markets such as the United States, European Union, and other regions. The submission of its dossier in April 2023 was based on a comprehensive data package including robust structural and functional analytical comparison data using multiple orthogonal techniques, pre-clinical, and head-to-head clinical studies that demonstrate similarity in pharmacokinetics, pharmacodynamics, safety, efficacy and immunogenicity with the EU and U.S. reference products.
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SBGI | Hot Stocks10:08 EDT Sinclair Broadcast says IATSE no longer represents employees a WJAC - Sinclair announced that International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the United States of America TBSE, Local 902 is no longer representing Sinclair employees that provide certain broadcast services to WJAC-TV, Johnstown, PA. That union recently disclaimed interest in representing those employees.
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DZSI | Hot Stocks10:05 EDT DZS names Daniel Won as COO, Asia, Gunter Reiss as CCO, AEMEA - DZS has appointed Daniel Won Chief Operating Officer for Asia and Gunter Reiss Chief Customer Officer for the Americas, Europe, Middle East and Africa regions. Both executives will report to DZS President and Chief Executive Officer Charlie Vogt. Won will be responsible for sales and regional operational activities for the Asia region and Reiss will oversee sales, marketing and business development for AEMEA. Prior to his current role, Won was Chief Customer Officer for Asia and Chief Product Officer at DZS .During his role as DZS Chief Marketing Officer, Reiss led the company's brand and go-to-market initiatives positioning DZS as a disruptor in the broadband access and metro optical transport markets and developed strategic service provider relationships and global technology partnerships.
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MMC | Hot Stocks10:02 EDT Marsh McLennan Agency acquires Trideo Systems, terms not disclosed - Marsh McLennan Agency announced the acquisition of Arlington Heights, Illinois-based Trideo Systems, a risk management information system provider for health care organizations. Terms of the acquisition were not disclosed. Founded in 2008, Trideo's RMIS platform enables health care clients nationwide to efficiently manage risk from its inception as an adverse event, to its eventual resolution through the claims process, saving time through improved collaboration on its secured unified platform. All Trideo employees, including its Co-Founder and Senior Vice President Paresh Purohit, will join Marsh McLennan Agency and work out of the Schaumburg, Illinois office.
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VRSK DELL | Hot Stocks10:01 EDT Verisk Analytics names Samantha Vaughan as Chief Privacy Officer - Verisk (VRSK) announced that Samantha Vaughan has been named chief privacy officer, effective immediately. Vaughn will lead the development and implementation of policies to protect the data entrusted to Verisk and will help ensure the integrity of Verisk's data practices, regulation, and compliance. Samantha joins Verisk from Dell Technologies (DELL), where she was the managing director and global head of Privacy Legal.
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ELV | Hot Stocks10:00 EDT Elevance Health falls -4.9% - Elevance Health is down -4.9%, or -$21.10 to $413.82.
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JDST | Hot Stocks10:00 EDT Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -5.0% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is down -5.0%, or -34c to $6.43.
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PGRU | Hot Stocks10:00 EDT PropertyGuru falls -6.9% - PropertyGuru is down -6.9%, or -31c to $4.18.
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BNKU | Hot Stocks10:00 EDT Bank United Corporation rises 8.6% - Bank United Corporation is up 8.6%, or $1.41 to $17.73.
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DPZ | Hot Stocks10:00 EDT Domino's Pizza rises 10.1% - Domino's Pizza is up 10.1%, or $35.33 to $385.12.
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HLLY | Hot Stocks10:00 EDT Holley rises 22.0% - Holley is up 22.0%, or 97c to $5.37.
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SGBX | Hot Stocks09:53 EDT Safe & Green announces SEC approval of SG DevCo spinoff - Safe & Green Holdings announced that the company received the SEC approval of its Form 10, the General Form for Registration of Securities, used to register a class of securities for potential trading on U.S. exchanges necessary to spin-off of its real estate development subsidiary, SG DevCo. The company is now awaiting final review and approval of the transaction by Nasdaq, which it expects to receive early in the third quarter of 2023. Once the transaction receives Nasdaq approval, the company said it 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 of Nasdaq's approval of the transaction. 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, creating significant value for existing shareholders. "This approval is significant for SG DevCo as it moves us one step closer to becoming a standalone, publicly traded company," David Villarreal, CEO of SG DevCo noted. "This spin-off will only further fuel SG DevCo's growth and unique position within the real estate development ecosphere."
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AMTX | Hot Stocks09:48 EDT Aemetis' Universal Biofuels awarded initial $20M cost-plus contracts in Q3 - Aemetis announced that its Universal Biofuels subsidiary in India has been awarded an initial $20 million of cost-plus contracts for delivery to government-owned oil companies during the third quarter. Additional cost-plus contracts with OMCs are in process for delivery during the third quarter. An initial 18,000 kiloliters of biodiesel of cost-plus biodiesel contracts for delivery during Q3 2023 have been awarded to Aemetis. Universal Biofuels completed approximately $34 million of second quarter shipments that were sold under cost-plus contracts with government-owned oil companies, though Q2 quarterly revenues will not reflect about $1.8M of shipments in transit at the end of the quarter.
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AXDX | Hot Stocks09:47 EDT Accelerate Diagnostics trading resumes
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TZA | Hot Stocks09:47 EDT Small Cap Bear 3x falls -4.4% - Small Cap Bear 3x is down -4.4%, or -$1.12 to $24.06.
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DUST | Hot Stocks09:47 EDT Direxion Daily Gold Miners Bear 3X ETF falls -5.2% - Direxion Daily Gold Miners Bear 3X ETF is down -5.2%, or -62c to $11.37.
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JDST | Hot Stocks09:47 EDT Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -5.8% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is down -5.8%, or -39c to $6.38.
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SOS | Hot Stocks09:47 EDT SOS Limited rises 8.8% - SOS Limited is up 8.8%, or 66c to $8.15.
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DPZ | Hot Stocks09:47 EDT Domino's Pizza rises 15.5% - Domino's Pizza is up 15.5%, or $54.06 to $403.85.
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HLLY | Hot Stocks09:47 EDT Holley rises 30.0% - Holley is up 30.0%, or $1.32 to $5.72.
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AXDX | Hot Stocks09:42 EDT Accelerate Diagnostics trading halted, volatility trading pause
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NYMX | Hot Stocks09:37 EDT Nymox appoints Patrick Doody as general counsel - Nymox Pharmaceutical announced the appointment of Patrick Doody as Nymox Vice President, General Counsel, and Member of Nymox Board of Directors. Doody joins Nymox from Pillsbury Winthrop Shaw Pittman LLP, where he was a partner in the Intellectual Property Group, and currently is Senior Counsel.
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TGEN | Hot Stocks09:36 EDT Tecogen sells 700 tons of Tecochill in collaboration with BioTherm - Tecogen announced the sale of 700 tons of Tecochill for a CEA application in collaboration with BioTherm. BioTherm's expertise in providing climate control solutions for CEA facilities, strong industry connections, and dedication to customer satisfaction make them an ideal partner in expanding Tecogen's market reach in the CEA space.
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ALVO | Hot Stocks09:35 EDT Alvotech SA trading resumes
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SNV | Hot Stocks09:33 EDT Synovus appoints Jennifer Demba as director of investor relations - Synovus Financial announced that Jennifer Demba has been named the new director of investor relations, reporting to CFO Jamie Gregory. She will be based in Atlanta, Georgia. Demba covered the regional banking industry as a senior equity analyst for more than 20 years at Truist Securities and its predecessor companies. Demba succeeds Cal Evans, who has taken on a new role within Synovus as senior director of market intelligence and analytics reporting. He will oversee the Synovus market intelligence function to optimize economic research and analysis that informs business strategy and enhances opportunities to differentiate the company.
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DKDCA | Hot Stocks09:32 EDT Data Knights Acquisition confirms funding to extend period for combination - Data Knights Acquisition announced that on July 10, 2023 it caused to be deposited $122,920 into the Company's Trust account, allowing the Company to extend the period of time it has to consummate its initial business combination by one month from July 11, 2023 to August 11, 2023. The Extension is the eighth of nine monthly extensions permitted under the Company's governing documents.
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NNDM | Hot Stocks09:31 EDT Nano Dimension corrects 'misleading information' published by Murchinson - Nano Dimension outlines the proper description and context of the decision of the U.S. District Court for the Southern District of New York from July 11, 2023 to dismiss the case filed by NANO against Murchison Ltd. and other shareholders. The company said, "NANO filed a complaint with the Court in March 2023, asking the Court to address Murchinson's and Anson Advisors's failure to make disclosures required by the U.S. securities laws. As a direct result of NANO's complaint, Murchinson and Anson amended their respective securities disclosures on May 2, 2023, and June 23, 2023-both times attaching NANO's complaint, which asserted that Murchinson and Anson had together obtained more than 10% interest in NANO's American Depository Shares and, were working together to attempt to take control of NANO and obtain its assets. Murchinson's description of NANO's suit as "frivolous" is wrong and mischaracterized the Court's decision. Rather, the Court found that NANO's suit "achieved the goals of Section 13(d)" because the amended disclosures Murchinson and Anson filed "alert[ed] the public to the pertinent information about Defendants." The Court then dismissed the Section 13(d) claims against Murchinson and Anson as moot precisely because - as a result of NANO's suit - their coordination was finally revealed. The Court's ruling permits NANO to pursue its claims concerning Murchinson and Anson's misconduct in New York State court, which NANO fully intends to do. As NANO has alleged, and will pursue in New York State court, Murchinson and Anson breached the depositary agreement by and among NANO, the Bank of New York Mellon and ADS holders and owners by staging an illegal shareholder meeting, where they conducted an illegal vote and attempted to unlawfully replace NANO's rightful board members. NANO also intends to pursue other state law claims against Murchinson and Anson and ask the state court to redress the steps they have taken to unjustly enrich themselves at the expense of NANO and its investors. The state court complaint is planned to be filed this week."
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ALVO | Hot Stocks09:30 EDT Alvotech SA trading halted, volatility trading pause
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XELA | Hot Stocks09:29 EDT Exela Technologies announces results, expiration of exchange offer - Exela Technologies announced the expiration and final results with respect to the previously announced exchange offer that certain of its subsidiaries launched on June 8, 2023, as amended on June 16, 2023, June 30, 2023 and July 6, 2023, to exchange the Issuers' outstanding 11.500% First-Priority Senior Secured Notes due 2026 for new 11.500% First-Priority Senior Secured Notes due 2026 and a solicitation of consents to proposed amendments with respect to the indenture governing the Old Notes. As of 11:59 p.m., New York City time, on July 7, 2023, according to information provided by D.F. King & Co., Inc., approximately $1,271 million aggregate principal amount, or approximately 98%, of the outstanding Old Notes were validly tendered pursuant to the Exchange Offer. The Issuers settled the Exchange Offer on July 11, 2023, resulting in the issuance of approximately $1,017 million aggregate principal amount of the New Notes to participating holders in respect of validly tendered Old Notes, which is equivalent to $800 of the New Notes per $1,000 principal amount of the Old Notes validly tendered. Approximately $24 million aggregate principal amount, or approximately 2%, of the Old Notes remain outstanding following the consummation of the Exchange Offer. All conditions to the consummation of the Exchange Offer were satisfied or waived, and the Issuers accepted for purchase all validly tendered Old Notes. Substantially concurrent with the settlement of the Exchange Offer, the Issuers also issued approximately $3 million in New Notes to third parties in exchange for the Issuer's term loans maturing in July 2023, approximately $22 million in New Notes to certain affiliates of the Issuers in exchange for the Issuers' 10.000% First-Priority Senior Notes due 2023 and 2023 Term Loans and $40 million in New Notes to certain affiliates of the Issuers in satisfaction of amounts owed to such affiliates as a result of prior cash payments made by such affiliates to or on behalf of the Issuers. Upon completion of the transactions described above, approximately $1,082 million aggregate principal amount of New Notes were outstanding.
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EPOW | Hot Stocks09:27 EDT Sunrise New Energy announces VAT rebate of $4.35M - Sunrise New Energy announced that Sunrise New Energy Materials has received 31.35 million yuan of VAT rebate for the financial year 2022 on June 16, 2023. The refund has been approved by the competent tax authority, according to the policy announcement: "Announcement of the Ministry of Finance and the State Administration of Taxation on Further Enhancing the Implementation of the Policy of Value Added Tax at the End of the Period" and "The Announcement of the Ministry of Finance and the State Administration of Taxation on Expanding the Industry Scope of the Policy of Full Refund of VAT Allowances" which are formulated and issued by the Ministry of Finance and the State Administration of Taxation of the People's Republic of China. According to the relevant provisions of the Enterprise Accounting Standards, the refund of the value-added tax will enhance the the company's cash flow.
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SABR | Hot Stocks09:25 EDT Sabre announces new agreement with HRS - Sabre announced a new agreement with HRS, a leading software as a service, or SaaS, provider, to support airlines on their digitalization journey. By integrating HRS Crew & Passenger Solutions technologies with existing Sabre solutions, the two companies can provide airlines with innovative automation that delivers lodging and financial reimbursement services when disruptions impact passengers. Sabre's intelligent service recovery solutions are used by airlines around the world to support passenger re-booking challenges, including providing self-service options to allow passengers to choose their own flights, designed to help improve the overall traveler experience.
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NNDM | Hot Stocks09:25 EDT Nano Dimension says Tribunal dismissed motion brought by Marc Bistricer - Nano Dimension announced that Marc Yuda Bistricer Case stood for a hearing before Capital Markets Tribunal in Toronto, Ontario, Canada, after the Tribunal, on May 8, 2023, dismissed a motion brought by Bistricer for additional disclosure of documents. The OSC staff, in its case against Mr. Marc Bistricer, has made serious allegations that Mr. Marc Bistricer, who used a private holding company, Saline Investments Ltd., part owner of Murchinson, and other market participants are "accountable for an illegal and abusive short selling scheme that violated Ontario securities law and was contrary to the public interest2 in connection with a private placement by a public company - Canopy Growth Corporation. OSC staff has requested that the Tribunal make, among others, the following orders: "...any registration or recognition granted to the Respondents ...be terminated... Respondents cease trading in any securities or derivatives permanently ...Respondents be prohibited from acquiring any securities permanently... Mr. Bistricer resign from any position he may hold as a director or officer of an issuer... Mr. Bistricer be prohibited from becoming or acting as a director or officer of an issuer permanently... Mr. Bistricer resign from any position he may hold as a director or officer of a registrant... Mr. Bistricer be prohibited from becoming or acting as a director or officer of a registrant permanently... Mr. Bistricer resign from any position he may hold as a director or officer of an investment fund manager... Mr. Bistricer be prohibited from becoming or acting as a director or officer of an investment fund manager permanently... Respondents be prohibited from becoming or acting as a registrant, as an investment fund manager or as a promoter permanently... Respondents pay an administrative penalty...for each failure to comply with Ontario securities law..."
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HIVE | Hot Stocks09:24 EDT HIVE Blockchain trading halted, news pending
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AVRO | Hot Stocks09:24 EDT AVROBIO trading resumes
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AVRO | Hot Stocks09:24 EDT AVROBIO trading halted, news pending
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PBTS | Hot Stocks09:12 EDT Powerbridge subsidiary signs strategic partnership with AI education client - Powerbridge Technologies announced that its subsidiary, Ascendent Insight Education has formed a strategic partnership with a prominent player in the education industry to drive innovation in AI education. This partnership aims to leverage the partner company's extensive user base and market presence to accelerate the adoption of AIedu's flagship product, the Little Egg App. The partner company has secured significant funding from renowned investors such as Qualcomm China, Zhen Fund, and New Oriental. Their market reach and financial backing bring added strength to the partnership with AIedu. With a nationwide coverage in China, the partner company serves over 10M children, nearly 1M teachers and 31.9M parents, establishing itself as a one of the market leaders in the education industry. Through this partnership, AIedu will integrate its AI-engineered reading app with the partner company's extensive user base, creating an enriched and interactive learning environment for pre-school children.
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TRNS | Hot Stocks09:10 EDT Transcat purchases privately-held SteriQual for $4.25M - Transcat announced that it has purchased all of the capital stock of privately-held SteriQual effective July 12. The purchase price of $4.25M was paid in Company stock and is subject to certain holdback provisions. "I am pleased to announce the acquisition of SteriQual. Although not a large acquisition, it is strategic in that it is the initial "bolt-on" to the Nexa Enterprise Asset Management business, that has been quite successful since we acquired it in fiscal 2022 and it is the first acquisition that further builds out our Professional Services footprint, providing additional capability and significant industry know-how in the CQV space. Additionally, this acquisition bolsters the NEXA Single Source Solution model, enabling the execution of the vast majority of the scope surrounding the engineering needs required for capital projects under a single entity," commented Lee Rudow, President and Chief Executive Officer. "Based on our experience with growing Nexa and the demand we are seeing in the marketplace, we believe that SteriQual is the perfect fit for Nexa and Transcat and we are confident that it further enhances our overall value proposition, that is already a significant differentiator as we pursue incremental business with new and existing customers."
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THNPF LNZA | Hot Stocks09:10 EDT Technip Energies, LanzaTech collaborate on CO2-to-ethylene technology - Technip Energies (THNPF) and LanzaTech Global (LNZA) signed a Joint Collaboration Agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech's carbon capture and utilization technology with Technip Energies' Hummingbird technology transform waste carbon into ethylene, the most common building block in petrochemicals. Ethylene is a building block for thousands of chemicals and materials, including plastics, detergents, and coatings that keep hospitals sterile, people safe, and food fresh. Its traditional production process is also one of the largest sources of carbon dioxide emissions in the chemical industry and remains one of its most challenging processes to decarbonize. This new joint process uses carbon emissions as the starting point rather than virgin fossil carbon. First, up to 95% of the CO2 in the flue gas is captured from the furnaces of an ethylene cracker and mixed with hydrogen. Next LanzaTech's biorecycling technology transforms the captured waste carbon into ethanol. Finally, Technip Energies' Hummingbird technology dehydrates the ethanol to ethylene.
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LPLA | Hot Stocks09:06 EDT LPL Financial: David Rodgers joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor David Rodgers CFP, has joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with existing firm Independent Advisor Group. He reported having served approximately $145 million in advisory, brokerage and retirement plan assets, and joins LPL from Wells Fargo Advisors.
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TBLA | Hot Stocks09:04 EDT Taboola announces availability of Generative AI for its advertisers - Taboola announced the availability of its Generative AI for all Taboola advertisers running campaigns in English. This milestone follows a successful beta test of Taboola's Generative AI capabilities, where global brands have used the technology to generate content and copy for ad creative, such as titles, images and headlines. "The industry and our partners are making it clear-Generative AI is an important next step for every advertiser," said Adam Singolda, CEO at Taboola. "We're continuing to see innovators adopt Taboola's investments into AI because we're in a unique position to integrate Generative AI-we have the scale of knowledge on which we can train things. Our massive scale makes it clear that for advertisers, we understand every element of campaigns that makes them successful. Advertisers can easily take advantage of those learnings to run successful campaigns and get more customers."
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ANIK | Hot Stocks09:03 EDT Anika showcases joint preservation, restoration portfolio at 2023 AOSSM - Anika Therapeutics announced it will highlight core products from its joint preservation and restoration portfolio at the 2023 American Orthopaedic Society for Sports Medicine, AOSSM, Annual Meeting on July 13-16th in Washington, D.C. As Anika continues to establish itself as a global market leader in joint preservation, the company will feature its Tactoset Injectable Bone Substitute for hardware augmentation, the X-Twist Fixation System, and the OVOMotion with Inlay Glenoid Total Shoulder Arthroplasty System at booth #311 during the conference. "We are excited to once again be joining the sports medicine community at the 2023 AOSSM Annual Meeting. Anika's focused and differentiated product portfolio in sports medicine with regenerative solutions continues to expand to best address the ever-evolving needs of surgeons and their patients. We look forward to sharing these latest highlights," said Cheryl R. Blanchard, Ph.D., Anika's President and CEO. "At this year's event, we will put the spotlight on our shoulder portfolio including the X-Twist Fixation System, Tactoset for augmentation of anchors in poor quality bone, and the long-established and data-backed OVOMotion with Inlay Glenoid TSA System. We're continuing to build upon this existing momentum to bring meaningful advancements to the sports medicine market."
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OLK | Hot Stocks09:02 EDT Olink announces Olink Explore HT solution - Olink Holding announced the introduction of Olink Explore HT, which it called, "a transformational solution for high-throughput proteomics delivering unmatched specificity, scalability, and workflow simplicity." The company said, "Olink Explore HT represents a significant advancement in next generation proteomics, allowing scientists to accurately measure over 5,300 proteins using only 2microl of sample with a completely reimagined and streamlined workflow, including a highly automated data analysis platform. In addition to delivering over 80% more unique protein assays than the previous generation product, Olink Explore HT increases sample throughput by 4X and data output by 7X with a greater than30% reduction in cost per data point and greater than20% reduction in workflow processing cost. Importantly, these innovations substantially reduce the environmental footprint with a 6-fold decrease in components and 10-fold reduction in boxes."
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CETY | Hot Stocks09:02 EDT Clean Energy announces $10M EPC contract with Vermont Renewable Gas - Clean Energy Technologies announced that it has entered into a fixed-price engineering, procurement, and construction, EPC, contract with Vermont Renewable Gas for the proposed Lyndonville biogas to power facility. The EPC contract, valued at $10 million, demonstrates CETY's leadership in clean energy solutions. CETY will spearhead the design, construction, and operation of the $10 million facility, placing its HTAP Biomass Reactor, a high temperature ablative fast pyrolysis reactor, at the heart of the project. Kam Mahdi, CEO of CETY, stated "The Lyndonville project is the first of many anticipated renewable biomass projects and is expected to serve as a model for developing new project opportunities to capture market share in this highly profitable and growing industry. Execution of this EPC contract allows CETY to begin development of this innovative facility in Vermont. We hope that this project will catalyze additional project opportunities in the areas of renewable electricity and low-carbon fuels while realizing new revenue in engineering and clean energy equipment sales."
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UAL | Hot Stocks09:02 EDT United Airlines introduces new seat that includes a wireless charging station - United introduced a new domestic first class seat that includes a wireless charging station in every arm rest. The new United First seat, which also features vegan leather upholstery, 13-inch seatback screens and 18-inch tray tables, Bluetooth connectivity, privacy screens and an ergonomist-designed cushion, debuts on its first 737 this month, and customers will continue to see it rollout this summer. The airline expects the new seat to be on 200 domestic planes by 2026, including 737 NGs, A321neos and 737 MAXs.
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LCID | Hot Stocks09:02 EDT Lucid Group produced 2,173 vehicles during Q2, delivered 1,404 - Lucid Group announced production and delivery totals for the quarter ended June 30, 2023. Lucid produced 2,173 vehicles during Q2 at its manufacturing facility in Arizona and delivered 1,404 vehicles during the same period. In addition, the company began material shipments to the Kingdom of Saudi Arabia.
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NNDM | Hot Stocks09:01 EDT Nano Dimension closes 'landmark' sales of AM printers, AE robotics systems in Q2 - Nano Dimension closed a series of landmark sales of Additive Manufacturing printers and Additive Electronics robotics systems in Q2/2023 which are material in size and customers' profiles that are leading and large-scale businesses and organizations. These sales are only a portion of the Company's $14.8 million in sales for the quarter, but they are material due to both the financial terms and perhaps more importantly to the profile of the customers which we look forward to continuing to support in the future. The initial sales totaling over $4 million in revenue and include some recurring revenues are to businesses and organizations that are leaders in their respective fields. While the names of the customers cannot be shared as they are defense related and/or focus on IP sensitive work, a partial list of the organizations includes: a space exploration company, a satellite equipment innovator, a national defense agency, a nuclear research group, and a computer manufacturer. The portfolio of products sold are from across Nano Dimension's product lines with a notable portion being the DragonFly IV System for Additively Manufactured Electronics and a range of Additive Electronics robotics systems. These products are leveraged for a range of uses from innovation and prototyping to high-mix, low-volume production.
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GETY | Hot Stocks08:58 EDT Getty Images announces multi-year photography partnership with U.S. Soccer - U.S. Soccer announced a new multi-year joint partnership with Getty Images and International Sports Images that will provide U.S. Soccer with expanded best-in-class service and photography excellence in coverage. Under the agreement, Getty Images and ISI will work closely with U.S. Soccer to cover a range of matches, programming and events, including the U.S. Women's and Men's National Teams, Youth National Teams and Extended National Teams, all to be distributed exclusively through gettyimages.com.
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DBI | Hot Stocks08:52 EDT Designer Brands announces results of its tender offer - Designer Brands announced final results of its "modified Dutch auction" tender offer which expired at 12:00 Midnight, ET, at the end of the day on July 7. Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 1,470,832 shares of the Company's Class A Common Shares, without par value, were properly tendered and not properly withdrawn at or below a purchase price of $10.00 per Share. In accordance with the terms and conditions of the tender offer, the Company accepted for purchase an aggregate 1,470,832 Shares, representing approximately 2.5% of the total number of Shares outstanding, or 2.2% of the total number of Shares outstanding assuming the conversion of all shares of the Company's Class B Common Shares into Shares, as of July 6, at a purchase price of $10.00 per Share, for an aggregate cost of $14,708,320 excluding fees and expenses relating to the tender offer. As the Company accepted for purchase all of the Shares which were properly tendered and not properly withdrawn at a price at or below $10.00 there is no proration factor. The Depositary has paid for all of the Shares accepted for purchase. Payment for the Shares purchased was made in cash, less any applicable withholding taxes and without interest. BofA Securities, Inc. and BMO Capital Markets Corp. acted as dealer managers for the tender offer and Georgeson acted as information agent for the tender offer.
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USAU | Hot Stocks08:49 EDT U.S. Gold granted ISP by the DEQ-ISD allowing construction of proposed mine - U.S. Gold Corp. announced the achievement of one of two significant milestones in the permitting stage of its CK Gold, gold, copper and silver mining project. On June 20 the Industrial Siting Division of the Department of Environmental Quality, of the State of Wyoming, or DEQ-ISD, granted an Industrial Siting Permit, or ISP, to U.S. Gold's wholly-owned subsidiary, Gold King allowing for construction and operation of the proposed mine at the CK Gold Project. The ISP, which is the first of two critical permits necessary for the construction and operation of the proposed mine at the CK Gold Project, is a requirement for all projects in the state of Wyoming projected to exceed $253.9M in construction and mine capital costs. This includes all capital needed for the entire project build-out beyond the initial capital costs anticipated by the applicant. The second major permit package is the Mine Operating Permit and Mine Closure Plan, which the Company expects to be approved as early as the first half of 2024. The intent of the DEQ-ISD permitting process is to ascertain the regional impacts during construction and mine operation and release state funds to local governments to offset anticipated impacts.
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ONDS | Hot Stocks08:48 EDT Ondas says FAA approves noise certification standards for Optimus-1EX - Ondas Holdings announced that the US Federal Aviation Administration has approved the noise certification standards for its Optimus-1EX system in connection with the Type Certification process that Ondas' wholly-owned Airobotics began with the FAA in 2019. Meeting the noise requirements criteria is the final major step towards completing the Type Certification process that will allow the Optimus System to operate more broadly in urban environments in the US. This milestone would help fulfill the Company's vision of deploying fleets of Optimus systems as a permanent drone infrastructure for the purpose of providing Smart City, Public Safety, Drone as a First Responder, and other commercial and industrial aerial data services.
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HCTI | Hot Stocks08:47 EDT Healthcare Triangle launches ransomware initiative - Healthcare Triangle announced its launch of a new initiative aimed at preparing healthcare organizations with critical tools and guidance for preventing and responding to ransomware incidents. Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle, stated, "Generative AI and data modernization technologies can play a key role in improving patient outcomes and streamlining healthcare operations. However, looming ransomware threats can severely impact patient care, disrupt operations, cause financial losses, put community lives at risk, and force hospitals to shutter operations. With our new ransomware initiative, our Company's goal is to take a proactive leadership role in educating and equipping rural hospitals, community hospitals, and large health systems in need with critical resources for improving their preparedness, prevention, detection, response, and recovery from ransomware incidents. We are engaged in discussions with several healthcare systems about this initiative and look forward to raising awareness and delivering robust, best-in-class solutions throughout the healthcare and life sciences industries."
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CVLY | Hot Stocks08:46 EDT Codorus Valley Bancorp raises quarterly cash dividend 6% to 17c per share - On July 11, 2023, the Board of Directors of Codorus Valley Bancorp declared a regular quarterly cash dividend of $0.17 per common share, payable on August 8, 2023, to shareholders of record at the close of business on July 25, 2023, which is an increase of $0.01 or 6 percent over the prior quarter's cash dividend payment.
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GAIN | Hot Stocks08:45 EDT Gladstone Investment announces support for Fern Exposition acquisition - Gladstone Investment provided senior secured debt and an equity investment to support MSouth Equity Partners' acquisition of Exposition Holdings. As part of that transaction, Fern Exposition Services will join forces with Nth Degree, an existing MSouth and Gladstone Investment portfolio company operating in the trade show, event management, and production space, to create a substantial footprint in the experiential marketing industry.
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LVO | Hot Stocks08:43 EDT PodcastOne obtains distribution, advertising sales rights to 'Some More News' - PodcastOne has obtained the exclusive network distribution and advertising sales rights to Some More News and its spinoff podcast Even More News, hosted by Cody Johnston and Katy Stoll. Hosted and created by writer, comedian, host, and musician Cody Johnston, Some More News, which debuted in 2018, is an always fair, always well-researched, but most importantly, always entertaining take on the topical news of the week. Every Wednesday, Some More News dives into the world's weekly events with a mix of wit, dread, hope and compassion. As the news cycle never stops spinning, Johnston returns on Fridays full of Even More News, this audio-only podcast also launched in 2018 and is co-hosted by actress and producer Katy Stoll.
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VS | Hot Stocks08:41 EDT Versus Systems launches sign up for beta tests of Winfinite Cash - Versus Systems announced that users can register now to take part in the beta tests for Versus' latest rewarded interactive experience, Winfinite Cash for AI-powered trivia. Beta users of Winfinite Cash will earn bonus cash and have early access to real-money rewards inside Versus' skill-based games. Users can register for the beta tests at winfinite.cash. The Winfinite Cash beta testing launches today and will roll out over the coming weeks, adding test players through the end of August. While sign-ups for the real money beta tests begin today, Winfinite Cash is anticipated to officially launch in September. Winfinite Cash is starting with Versus' latest offering, AI-powered trivia. Eventually, Versus aims to include real money as a prize-type across its growing portfolio of skill-based mobile games, including AI-powered trivia, sports games, and match.
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SEAT | Hot Stocks08:40 EDT Vivid Seats launches generative AI live events discovery plugin for ChatGPT - Vivid Seats announced the launch of the first live events plugin for OpenAI's ChatGPT. With the launch of this new discovery tool and intelligent shopping experience, Vivid Seats is the first company in the live events industry to offer a ChatGPT plugin. "This collaboration is another example of the ways we are leading the industry and pushing the boundaries of what's next," said Stan Chia, Vivid Seats CEO. "As we continue to focus on the fan, this further strengthens our efforts to improve the live events consumer experience and provide fans with an even more inspired and intuitive way to check off their bucket lists. We remain committed to creating exceptional experiences and enabling fans to attend more of their favorite events more easily, as we continue to grow affinity for our platform and strengthen our market position."
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STSS | Hot Stocks08:39 EDT Sharps Technology appoints Ben Scheu as senior director of sales - Sharps Technology announced the appointment of Ben Scheu as Senior Director of Sales to lead commercial operations as the Company prepares to launch products to the market. Prior to joining Sharps, Mr. Scheu served as President and CEO of Centor.
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CBUS | Hot Stocks08:39 EDT Cibus opens gene editing facility for trait production in San Diego - Cibus announced the opening of its Oberlin facility in San Diego with its first Production Run. The completion of this facility is an important step in Cibus' vision of the Future of Breeding that integrates High Throughput Gene Editing Systems as extensions of seed company breeding programs. "The Cibus Trait Machine process changes how agricultural trait products are commercialized using proprietary breeding technologies. It allows customers to select their most appropriate elite germplasm to be edited by Cibus. Cibus, in turn, returns to its customers seeds which contain the edits and can be used immediately in the advanced stage of their customer's breeding program," said Peter Beetham, President and Chief Operating Officer of Cibus.
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DTE | Hot Stocks08:38 EDT DTE Energy, Michigan stakeholders reach clean energy settlement agreement - DTE Energy announced a settlement agreement with nearly two dozen organizations from across Michigan on the Company's transformational CleanVision Integrated Resource Plan. This 20-year plan dramatically transforms how the Company generates electricity as part of its mission to invest in the future of Michigan, with an energy proposal that adapts to how the Company's customers live and work today while meeting the energy demands of tomorrow. Developed over the past two years with the input of DTE's customers and stakeholders, this proposal continues DTE's clean energy transition by accelerating investments in Michigan-made solar and wind energy, speeding up the retirement of coal plants, and developing new energy storage - all reinforcing DTE's commitment to cleaner energy generated reliably and affordably. DTE Electric will surpass its previously announced carbon emission reduction goals - targeting 85% in nine years, 90% by 2040 and net zero carbon emissions by 2050. This settlement agreement, which will require approval by the Michigan Public Service Commission, was reached between DTE Electric, MPSC staff, Attorney General Dana Nessel, representatives of Michigan's environmental community, key business and labor organizations, and energy industry associations. Reaching a settlement agreement highlights the constructive, collaborative nature with the Company's stakeholders as it begins implementation of this transformational plan. Key details of this settlement agreement include: Investing in clean and reliable energy by: Developing more than 15,000 megawatts of Michigan-made renewable energy by 2042. This carbon-free generation is the equivalent to powering approximately 4 million homes. Accelerating the development of energy storage, targeting 780 megawatts through 2030 with a goal of more than 1,800 megawatts of storage by 2042 - reinforcing DTE's commitment to clean and reliable energy and more than doubling current storage capacity. Ending DTE's use of coal in 2032 with a responsible, phased retirement schedule of the Belle River and Monroe coal power plants - dramatically reducing the Company's use of coal from 77% in 2005 to 0% in less than three decades. Through this agreement, the Company has further accelerated the full retirement of the Monroe Power Plant from 2035 to 2032. The Company will provide re-training for employees impacted by the coal plant retirements and will continue to partner with the local communities, who for years have hosted these coal-fired plants, on new economic development opportunities. Targeting 2% energy savings level from energy efficiency through 2027. Supporting increased distributed generation on the Company's distribution system. Delivering long-term customer value by: Investing over $11 billion into the clean energy transition over the next 10 years, supporting more than 32,000 jobs in Michigan, while reducing the future cost of the plan for the Company's customers by a projected $2.5 billion. Directing an additional $110 million to support income-qualified home energy efficiency programs, customer affordability programs and access to clean energy resources for the Company's most vulnerable customers. Repurposing the Belle River coal-fired power plant to run on natural gas at a fraction of the cost of building a new power plant, while accelerating reductions in carbon emissions. Natural gas, and other 24/7 resources like the Company's existing Fermi II carbon-free nuclear plant, play an important role in a diverse energy mix and will significantly reduce emissions while providing reliable and affordable energy to meet periods of high customer demand.
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XXII | Hot Stocks08:38 EDT 22nd Century announces new agreement with Hub to expand distribution - 22nd Century announced a new distribution agreement with Hub. 22nd Century's VL products are now available for purchase by eligible Hub customers as a part of 22nd Century Group's state and regional rollout program. "Hub is a critical conduit to a growing list of regional, independent and tribal retail outlets in the Midwest, and a highly regarded wholesale tobacco products distributor with more than 60 years in its served markets," stated John Miller, president of tobacco products for 22nd Century Group. "By adding distribution to Hub's extensive customer list, 22nd Century can expand retail points of sale in both existing and new served markets for its innovative VLN reduced nicotine content cigarettes, the first and only combustible cigarette to secure a Modified Risk Tobacco Product authorization from the U.S. Food and Drug Administration. Our VLN brand contains 95% less nicotine than contained in U.S. conventional cigarettes."
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AIRI | Hot Stocks08:36 EDT Air Industries appointes Peter Rettaliata as Chairman - Air Industries Group announced that it has appointed Peter Rettaliata Chairman of the Company's Board of Directors. As Chairman, he succeeds Michael Taglich, who will remain on the Board of Directors. Rettaliata is currently a director of Air Industries and was formerly the Company's Chief Executive Officer. He has spent 50 years in the aerospace industry and has served as an executive and director of Air Industries for nearly three decades. For 20 years, from 1994 to December 2014, he was President and Chief Executive Officer of the Company and returned to that position on an acting basis from March to November 2017. Prior to joining Air Industries, Mr. Rettaliata was a senior executive of the Grumman Aerospace Corporation for 22 years. Mr. Rettaliata also has served in a number of industry leadership roles, including Chairman of ADDAPT, an organization of regional aerospace companies; a member of the Board of Governors of the Aerospace Industries Association ; and a member of the Executive Committee of the AIA Supplier Council. Mr. Rettaliata is a graduate of Niagara University, where he received a B.A. in History, and Harvard Business School, where he completed the PMD Program.
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GSIT | Hot Stocks08:36 EDT GSI Technology to perform study for APU use in U.S. air, space computing - GSI Technology announced its receipt of a Phase I SBIR contract in the 23.5 cohort by AFWERX. Under this contract, GSI Technology will perform a feasibility study to adapt, modify, and enhance its commercially proven Gemini APU to propel Air and Space Force computing at the edge. "We are honored to have been awarded this SBIR contract and look forward to collaborating with the United States Air and Space Force," said Lee-Lean Shu, Chairman and CEO of GSI Technology. "We are confident that our expertise in high-performance computing and memory solutions, coupled with our Gemini(R) APU, will help address the challenges associated with processing at the edge."
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RXRX NVDA | Hot Stocks08:34 EDT Recursion Pharmaceuticals announces collaboration, $50M investment from NVIDIA - Recursion (RXRX) announced a $50M investment by NVIDIA (NVDA), which was executed as a private investment in public equity. Recursion also announced plans to accelerate development of its AI foundation models for biology and chemistry, which, in collaboration with NVIDIA, it intends to optimize and distribute to biotechnology companies using NVIDIA cloud services. "Our collaboration with NVIDIA represents two best-in-class companies coming together to help solve one of the world's most difficult challenges, drug discovery," said Chris Gibson, Ph.D., Co-founder and CEO of Recursion. "With our powerful dataset and NVIDIA's accelerated computing capabilities, we intend to create groundbreaking foundation models in biology and chemistry at a scale unlike anything that has ever been released in the biological space."
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LMFA | Hot Stocks08:33 EDT LM Funding mined 79.1 BTC in June - LM Funding America, announced that it has mined approximately 106.35 Bitcoin for the three months ended June 30, 2023, bringing the Company's Bitcoin holdings to approximately 79.1 BTC as of June 30, 2023. The Company also announced that it has installed Braiins OS+ software on 360 of its mining machines. Braiins OS+ software is expected to increase mining machine hashrate by as much as 25%. Machines operating Braiins OS+ software may mine with any pool or mine with Braiins pool and pay no pool fees to Braiins pool. Additionally, the Company provided an update on the status of the 1,080 Bitcoin mining machines it had previously announced would be hosted by Giga Energy. Of the 1,080 Bitcoin mining machines, 720 of the mining machines have been placed at GIGA Energy's site.
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WKHS | Hot Stocks08:32 EDT Workhorse engages Burr Truck as distribution, service partner - Workhorse Group announced it has engaged Burr Truck and Trailer Sales as its first distribution and service partner in New York state, making it the initial Workhorse dealership in the northeastern United States. "As we continue to produce and deliver a growing number of Class 4 and other last-mile delivery products, we are also actively building out our national distribution capabilities," said Workhorse CEO Rick Dauch. "This partnership with Burr Truck gives us a pivotal foothold in the northeastern U.S. and aligns our sales efforts with an established name brand in the region. We look forward to growing our partnership with Burr Truck as we ramp our production capacity and accelerate vehicle deliveries over the coming months."
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LPSN | Hot Stocks08:31 EDT LivePerson announces departure of CEO Robert LoCascio at end of contract - LivePerson announced that Robert LoCascio will depart as CEO, effective December 31, at the end of the term of his contract, which will not be renewed. Jill Layfield, Lead Independent Director of the Board, has assumed the role of Board Chair. The Company has retained a nationally recognized executive search firm to identify a successor and intends to effect a smooth and orderly transition. LoCascio will also resign from the Board concurrent with his departure as CEO.
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GAME | Hot Stocks08:25 EDT GameSquare, Dairy MAX expand partnership, launch 'Level Unlocked' - GameSquare Holdings and Dairy MAX announced Level Unlocked, a new campaign designed to educate the gaming community about the importance of balanced nutrition and building healthy habits. As part of an expanded partnership with GameSquare subsidiaries Complexity Gaming and next-gen marketing agency ZONED Gaming, Dairy MAX is working with a diverse group of gaming creators to produce a creative content series showcasing how they incorporate dairy into their daily routines.
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CLSH | Hot Stocks08:22 EDT CLS Holdings says AI-driven solutions enhancing revenue, customer growth - CLS Holdings USA announced its advancements in user experience and revenue growth through the implementation of cutting-edge AI tools and solutions. With the integration of AI-driven solutions, including Pluggi, POSaBIT and Springbig, the Company harnesses the power of artificial intelligence to revolutionize how customers interact with and shop for cannabis. These developments have not only enhanced the user experience but also led to significant average basket increases, solidifying CLS Holdings' position as an industry frontrunner.
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SCWO | Hot Stocks08:21 EDT 374Water says AirSCWO units will include newly launched HEC-Prime engine - 374Water announced that its AirSCWO units will include its newly launched HEC-Prime engine that converts waste steam and gasses into renewable energy. Offering proprietary technology and design, the HEC-Prime was developed in partnership with Swedish-based energy company Maston Group, exclusively for 374Water. The solution consists of five pistons and turbines that collect the high-pressure mix gas to rotate and spin a shaft connected to a generator unit, producing 75kW of electricity, in excess of the power required for the AirSCWO process.
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BFI | Hot Stocks08:19 EDT BurgerFi CEO Carl Bachmann invests in company - On Carl Bachmann's first day as CEO of BurgerFi International, he announced that he has become one of the largest individual management team investors in the company. Bachmann purchased 63,500 shares of BurgerFi common stock in an open market transaction. Prior to joining BurgerFi, Bachmann served as President for Smashburger.
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BFRI | Hot Stocks08:16 EDT Biofrontera Inc. appoints Heikki Lanckriet to board of directors - Biofrontera announces the appointment of Heikki Lanckriet, Ph.D. to its Board of Directors. Lanckriet was nominated to Biofrontera Inc.'s Board of Directors by Biofrontera AG under the terms of the April 2023 settlement agreement between the two companies previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 17, 2023. Dr. Lanckriet currently serves as a member of Biofrontera AG's Supervisory Board. Lanckriet currently serves as CEO and CSO of 4basebio.
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SOBR | Hot Stocks08:14 EDT SOBR Safe signs value-added reseller KCG Drug Alcohol Solutions - SOBR Safe has expanded its sales reach in the Rocky Mountain West with the signing of value-added reseller KCG Drug Alcohol Solutions. KCG was founded in 1999 to provide comprehensive and innovative testing and training solutions, and now services over 200 organizations - including prominent trucking companies and multiple Native American sovereign nations. KCG has purchased an initial allotment of SOBRcheck units and is actively promoting captive customer adoption.
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GTLS | Hot Stocks08:13 EDT Chart Industries signs partnership agreement with Avina Clean Hydrogen - Previously, Avina Clean Hydrogen announced a partnership agreement with Chart Industries. Under the terms of the agreement, Chart will supply their Howden compressors for Avina's state-of-the-art green hydrogen facility in Southern California. The gaseous hydrogen will be compressed and used to decarbonize heavy-duty trucks, marking a significant milestone as the region's first green hydrogen plant, the companies said, adding that Chart's Howden diaphragm "D" series compressors will enable the safe and efficient transportation of compressed gaseous hydrogen, ensuring its availability as a clean fuel source for heavy-duty trucks throughout Southern California.
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VRSSF | Hot Stocks08:12 EDT Verses Technologies wins research, innovation grant from European Commission - VERSES AI announces winning a research and innovation grant in the amount of EUR 418,000 from the EU Commission and their Horizon Europe project entitled dAIEDGE , a network of excellence for "distributed, trustworthy, efficient and scalable AI at the Edge." VERSES Global B.V. has been selected as part of a European consortium of experts in artificial intelligence, embedded computing, microprocessors, distributed hardware and software, computer science and engineering that will work closely together to provide ideas, tools, services, guidelines and trends to support the next generation of Edge AI technologies. VERSES Global B.V. is expected to lead and contribute to several working packages and tasks of the dAIEDGE project. This includes the definition of the AI lighthouse strategy, Edge AI application requirements and trends across domains and industries. Additionally, VERSES Global B.V. is expected to provide a contextual model called Hyperspace Modelling Language and a communication protocol known as Hyperspace Transaction Protocol. VERSES Global B.V. is also expected to participate in use case scenarios in smart warehouse and smart city domains using AI at the edge.
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BKYI | Hot Stocks08:11 EDT BIO-key announces Paulding County Hospital is deploying PortalGuard platform - BIO-key International announced that longstanding customer Paulding County Hospital is deploying BIO-key's PortalGuard Identity-as-a-Service cloud platform to leverage its existing investment in BIO-key's biometric authentication solution as it migrates to Epic Hyperdrive. The new browser-based Epic Hyperdrive electronic health records system is replacing Epic's legacy Hyperspace application. "Implementing PortalGuard SAML SSO with their mission-critical application Epic Hyperdrive allows PCH to streamline their workflows, reduce administrative burdens, and ensure secure access to patient information with IBB," said Mark Cochran, President of BIO-key - PortalGuard. "Where security and efficiency are paramount, healthcare organizations face the challenge of providing convenient and reliable access to necessary systems while ensuring data privacy and regulatory compliance. Our IBB solution is revolutionizing biometric authentication in healthcare, providing organizations with flexible, secure, and cost-effective access management solutions by reducing or eliminating reliance on expensive tokens or card-based systems while also maintaining the highest levels of security."
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ASST | Hot Stocks08:10 EDT Asset Entities enters into AE.360.DDM agreement with Kappa USA - Asset Entities announces a new agreement with Kappa USA, the American division of the iconic Italian sportswear brand, for the Company's Discord Design, Development, and Management services. Kappa USA's AE.360.DDM Discord platform is already in the Design and Development stage at Asset Entities and is expected to launch this month. "Our agreement with Kappa USA is a match made in heaven. Asset Entities and Kappa are both passionate about today's younger generations and creating a stylish, high-quality product that people love," commented Jeff Blue, Asset Entities Head of Entertainment, who joined Asset Entities in April and is most well-known for discovering the legendary rock band, Linkin Park, among many others. "Kappa USA has always been on the cutting edge of style and is a deeply influential brand at the forefront of our culture. Working with the Kappa USA team, we will help expand their reach and branding to social media audiences everywhere. Get ready for a summer and fall of style and performance, as we move forward with Kappa and its incredible brand of sportswear," commented Blue.
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ABST | Hot Stocks08:09 EDT Absolute Software announces clearance for arrangement under FATA - Absolute Software announced that 1414364 B.C. LTD. has obtained a no objection notification under Australia's Foreign Acquisitions and Takeovers Act 1975, or FATA, in connection with the previously announced acquisition of all of the outstanding shares of Absolute by the purchaser, an affiliate of Crosspoint Capital Partners, by way of a statutory plan of arrangement. Following clearance under the FATA, the arrangement remains subject to customary closing conditions and is expected to close later this month.
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BWMN | Hot Stocks08:08 EDT Bowman Consulting contracted by the City of Yonkers for flood-resilient design - Bowman Consulting Group has been contracted by the City of Yonkers, NY, to provide landscape architecture design, civil engineering and permitting services for a new 2-acre waterfront park in the Ludlow neighborhood. The project is the largest expansion of Yonkers' park system in decades and the first waterfront park in Southwest Yonkers. Located along the Hudson River, the new park will occupy multiple vacant lots and a bus depot. Bowman will leverage regional, landscape architecture and civil engineering expertise to design a park that provides residents and visitors with a public waterfront recreational space that can withstand periodic flooding. The park's design will incorporate various flood-resilient features such as an efficient stormwater drainage system, elevating essential park elements and utilizing hardscape and planting materials that can bear high water volumes.
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FDS | Hot Stocks08:08 EDT FactSet acquires idaciti, terms not disclosed - FactSet announced the acquisition of idaciti, an innovator in data structuring and collection technology. This acquisition expands on FactSet's multi-year investment program to digitally transform its content collection infrastructure. It also accelerates time-to-market for delivering critical data sets upon which next-generation workflows are built. The transaction closed on July 11, 2023 and is not expected to have a material impact on FactSet's fiscal 2023 results. Founded in 2015, idaciti applies a "taxonomy-first" approach to structuring information from company disclosures, regulatory filings, and proprietary document repositories. It has combined this expertise with machine learning-assisted technology to capture and standardize data at an exceptional level of granularity, quality, and speed. The platform uses a modern collection workflow for both structured and unstructured content to connect data discovery, normalization, and quality assurance in a single, iterative process.
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QRHC | Hot Stocks08:08 EDT Quest Resource appoints Dunning to board of directors - Quest Resource announced that Audrey Dunning has been elected to its Board of Directors. Dunning will serve on the Audit, Nominating and Corporate Governance committees of the QRHC Board. In connection with Dunning's election, the board increased its size from six to seven directors. Dunning is currently the Founder and Chief Executive Officer of AMP Growth Advisors, a firm that specializes in strategic planning, business development, and executive coaching, and advises on digital transformation and technology risk management.
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AMEH | Hot Stocks08:07 EDT Apollo Medical to acquire assets relating to Texas Independent Providers - Apollo Medical Holdings announced that it and its affiliated professional entity have entered into a definitive agreement to acquire assets relating to Texas Independent Providers. Through its coordinated network of over 120 primary care providers, TIP provides high-quality primary care services to over 4,500 Medicare Advantage patients in communities throughout Harris County, home to Houston, the largest city in Texas and fourth-largest city in the U.S.. Through this transaction, ApolloMed will deploy its value-based care management and operational platform to empower TIP's provider network to deliver best-in-class clinical outcomes and to improve the healthcare experience for its patients. The acquisition marks ApolloMed's expansion of its Care Partners business into the Texas geography. The Company anticipates closing this transaction in the Q3 and will fund the transaction with cash on hand. As part of the acquisition, Carlos Palacios, President of TIP, will join ApolloMed as the Chief Medical Officer for Texas and spearhead clinical initiatives for providers. Vincent Roth, co-founder and Executive Director of TIP, will join ApolloMed as the Group Vice President of Operations for Texas and lead the continued growth and development of ApolloMed's Texas network.
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POAHY | Hot Stocks08:07 EDT Porsche Cars North America reports Q2 U.S. retail deliveries of 18,895 cars - Porsche Cars North America, Inc. (PCNA) today announced that second-quarter retail deliveries in the United States totaled 18,895 cars to contribute to an all-time record for PCNA for the first six months of the year of 36,335 cars - a rise of 12 percent during this period. This performance was despite model cycle changes and supply restrictions contributing to a 3 percent decline in sales in the second quarter compared to the same period in 2022. "In a quarter that saw us mark a special anniversary it's important that we're continuing to receive such strong, sustained interest from customers across our range," said Joe Lawrence, Executive Vice President and COO of PCNA. "As we welcome the new Cayenne, a small decline in Q2 was expected and planned for as we prepare ourselves for the second half of the year. That we set a new record in our first six months is, in part, thanks to many colleagues across America giving their all to ensure every customer has an exceptional experience. Our company is thriving as we near 200 independently owned and operated Porsche centers across the United States, working with the most incredible new cars designed and engineered in Germany."
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OCUL SNPHY | Hot Stocks08:07 EDT Ocular Therapeutix appoints Graves to board of directors - Ocular Therapeutix (OCUL) announced the appointment of Adrienne Graves, Ph.D., to its Board of Directors. As the former CEO of Santen (SNPHY), the US subsidiary of a 130-year-old Japanese pharmaceutical company, she successfully established a strong global presence, bringing multiple ophthalmic products through development to approval and commercialization and leading global teams through successful acquisitions and partnerships.
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BIAF | Hot Stocks08:07 EDT AMA issues CPT code for bioAffinity's CyPath lung test for early-stage cancer - bioAffinity Technologies announced that the American Medical Association AMA has released a Current Procedural Terminology CPT code specifically for use with CyPath Lung, a noninvasive test for early-stage lung cancer. Created and maintained by the AMA's independent CPT Editorial Panel, CPT codes provide a uniform system to identify medical services and procedures and seek reimbursement from private payers and public health insurance programs, including Medicare and Medicaid. The reimbursement code for CyPath Lung will be effective Oct. 1. "Our mission is to detect cancer at an early stage to improve long-term survival. The AMA's approval of a CPT code specific to CyPath Lung is an important milestone along that path," bioAffinity Technologies President and CEO Maria Zannes said. "We believe the CPT code is recognition by clinical and industry experts that our noninvasive test is an innovative addition to current clinical practice for patients at high risk for developing lung cancer."
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CMG | Hot Stocks08:06 EDT Chipotle partners with Vebu on avocado processing cobotic prototype - Chipotle Mexican Grill announced Autocado, an avocado processing cobotic prototype that cuts, cores, and peels avocados before they are hand mashed to create the restaurant's famous guacamole. The prototype, developed in collaboration with Vebu, is currently being tested at the Chipotle Cultivate Center in Irvine, California.
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SHFS | Hot Stocks08:05 EDT Safe Harbor launches interest-bearing commercial accounts - SHF Holdings announced the launch of interest-bearing commercial deposit accounts to cannabis businesses nationwide. This new product offering was launched in response to an unmet need in the industry, as many of the smaller banks and credit unions servicing the cannabis industry do not currently make interest-bearing products available to these clients. Offered through one of Safe Harbor's proprietary financial institution partnerships, this new account product will provide depositors the opportunity to earn interest income with no maximum balance limitation.
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RARE VIR | Hot Stocks08:05 EDT Ultragenyx appoints Horn as CFO, EVP, Corporate Strategy - Ultragenyx Pharmaceutical (RARE) announced that it has appointed Howard Horn as executive vice president, EVP, and chief financial officer, CFO, effective October 16, 2023. Horn will be responsible for leading the finance, accounting, corporate strategy and investor relations functions. Horn joins Ultragenyx from Vir Biotechnology (VIR), where he served as CFO from 2017 to 2023.
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DXR | Hot Stocks08:04 EDT Daxor announces research letter on BVA-100 - Daxor announces a new research letter in the Journal of the American College of Cardiology - Heart Failure validating the benefits of the Company's BVA-100 diagnostic in optimizing individualized therapy for heart failure patients. The study, titled "Discordant Pressure-Volume Trends During CardioMEMS Monitoring," evaluated the correlation of pressure-volume profiles over two time periods in a series of heart failure patients who underwent CardioMEMS implantation to measure pressure, and direct measurement of total blood volume using Daxor's blood volume analysis diagnostic. Veraprapas Kittipibul M.D., lead investigator of the study reported statistically insignificant correlation between the two diagnostics and concluded, "Less than half of patients had concordant pressure-volume changes during CardioMEMS monitoring. Universal volume-directed interventions in HF patients with high pressures might not be appropriate and should be discouraged."
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EHMEF | Hot Stocks08:04 EDT Goeasy completes 100th easybites kitchen in support of BGC Canada - The BGC Club in Airdrie, Alberta, which serves over 600 youth from the local community will unveil their newly remodeled goeasy easybites kitchen. The new kitchen will transform the Club's ability to prepare and serve more than 13,000 nutritional snacks and 1,500 meals annually to those in need and will act as a hub to bring the community together. goeasy has been a long-standing partner of BGC Canada for almost two decades and has donated over $4 million through a variety of programs to help kids who use the clubs develop the skills they need to succeed. This longstanding partnership led to the launch of the easybites program in 2014, a 10-year and $2.5 million commitment to remodel 100 kitchens across the BGC network of clubs nationwide. The kitchens allow club staff to prepare healthy meals for the youth, in addition to teaching them healthy eating habits and in many cases, inspiring a life-long passion for cooking. The success of this program would not be possible without the generous support of goeasy employees and partners like Whirlpool who have supported the program over the years by donating new appliances to help complete the kitchens.
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IRNT | Hot Stocks08:04 EDT IronNet appoints Linda Zecher as CEO - IronNet's board of directors has appointed Linda Zecher as CEO effective immediately. Cameron Pforr, the company's current CFO, has been appointed president of IronNet. Keith Alexander will continue to serve as chairman of the board, transitioning to a non-executive role. John O'Hara has been appointed to senior VP of corporate development and partnerships reporting to the CEO. These changes are consistent with the take private letter agreement between IronNet and a joint venture formed by C5 Capital and Cohen Circle, initially signed on June 16, 2023 and executed and delivered on July 11. Zecher currently serves as chairman of C5 Capital.
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ICAD | Hot Stocks08:03 EDT iCAD announces 'Profound Insights, ProFound Impact' webinar event - iCAD announced its "ProFound Insights, ProFound Impact" webinar series will feature Dr. Laura Dean, a renowned breast radiologist at the Cleveland Clinic. Titled "How Cleveland Clinic is Finding the Breast Cancers Radiologists Fear the Most," the live event will take place on Thursday, July 20 at 10 am ET. The event will be moderated by iCAD's President and CEO, Dana Brown. During the event, Dr. Dean will discuss how she leverages iCAD's technology to detect breast cancers, including small, subtle tumors - the types of cancers radiologists fear the most. She will also present a live clinical case review showcasing how ProFound AI can enhance cancer detection in a clinical setting.
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PIXY | Hot Stocks08:03 EDT ShiftPixy down 35% at $1.57 after pricing its $3.1M public offering
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LIAN AZN | Hot Stocks08:02 EDT LianBio announces clinical supply agreement with AstraZeneca - LianBio (LIAN) announced a clinical supply agreement with AstraZeneca (AZN) in China to evaluate the safety and efficacy of BBP-398, an investigational SHP2 inhibitor, in combination with AstraZeneca's osimertinib, an epidermal growth factor receptor inhibitor, in a Phase 1 clinical study for the treatment of patients with non-small cell lung cancer with EGFR mutations. "In China, a disproportionately high percentage of NSCLC patients harbor EGFR mutations," said Yizhe Wang, Ph.D., Chief Executive Officer of LianBio. "While EGFR inhibitors are a critical part of the standard of care, most patients eventually acquire resistance to these therapies. We believe BBP-398 is a differentiated SHP2 inhibitor with the potential to restore sensitivity to EGFR inhibitors when used in a combination setting."
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HTHIY | Hot Stocks08:02 EDT Hitachi Vantara plans to sell oXya to Montefiore Investment - Hitachi Vantara, the modern infrastructure, data management and digital solutions subsidiary of Hitachi, announced its intent to sell oXya, a premier France-based SAP infrastructure solution provider it acquired in 2015, to Montefiore Investment, a well-respected French investment firm that specializes in high-potential small- and medium-sized service companies. The transaction is subject to customary conditions and regulatory approvals and is expected to close by the end of the summer 2023. Following the close of the deal, Hitachi Vantara will retain its business relationship with oXya, which will operate independently and continue to be led by Geert Vandendorpe, President Frederic de Belloy, and other key personnel.
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ARDS | Hot Stocks08:02 EDT Aridis Pharmaceuticals' AR-301 receives FDA's QIDP designation - Aridis Pharmaceuticals announced that the U.S. Food and Drug Administration, FDA, has granted Qualified Infectious Disease Product, QIDP, Designation under the Generating Antibiotic Incentives Now, GAIN, Act for AR-301, a fully human IgG1 monoclonal antibody currently in Phase 3 clinical development as an adjunctive therapy for pneumonia caused by gram-positive Staphylococcus aureus in critically ill hospitalized patients. "To our knowledge, AR-301 is the very first antibacterial biologics to be awarded the QIDP designation, marking a significant milestone not only for Aridis but also for companies with biologic solutions to fighting antimicrobial resistance," stated Vu Truong, Ph.D., Chief Executive Officer of Aridis Pharmaceuticals. "Our AR-301 program will now benefit from the FDA's priority review, in addition to previously awarded Fast-Track status, allowing for accelerated drug development and regulatory review processes. This sought-after designation positions our AR-301 program extremely well as we continue to advance it through a confirmatory Phase 3 trial and license application."
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LMNL | Hot Stocks07:51 EDT Liminal BioSciences jumps 40% to $8.30 after go private deal with SALP
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ARWYF | Hot Stocks07:43 EDT ARway.ai selected by TM Forum to participate in Smart Airport Initiative - ARway.ai announces its participation in the Smart Airport Initiative managed by TM Forum. ARway has been invited to participate in a Smart Airport Initiative managed by TM Forum, and based on the ACRIS semantic model that standardizes data flow between connected systems. The initiative will create a working solution that improves the major aspects of airport operations including reservations, passenger management, facilities management, baggage, access control, decision intelligence, and more. ARway will be providing the technologies used for wayfinding, retail advertising, promotion of traveller amenities, etc. which will be accessed through a user's mobile device. The project is expected to be live in the fall of 2023.
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SRGXF | Hot Stocks07:41 EDT Surge Copper commences 2023 exploration program - Surge Copper has commenced its 2023 field exploration program which is anticipated to run during the summer months of 2023 and include both diamond drilling at the Berg deposit and surface exploration at multiple target areas throughout the Berg-Ootsa district. Highlights: Fully funded exploration program has commenced in the Berg-Ootsa district; Diamond drilling expected to begin during the week of July 17; Program expected to consist of approximately 3,500 metres across 6 to 8 holes; Drill holes have been designed to target multiple zones within the Berg deposit which have potential for expansions of higher grade material; Exploration drill holes have also been designed to meet additional criteria including precious metal sampling, conversion of Inferred resources, and potential use in geotechnical, geochemical, and metallurgical applications; Surface exploration activities to focus on soil sampling and detailed mapping of early-stage targets outlined during the 2022 field exploration program; Ongoing surface exploration activities have thus far expanded the Sibola East copper-in-soil anomaly to 1,500 metres long by 300 metres wide, and the anomaly shows a compeling correlation to partial induced polarization chargeability coverage Leif Nilsson, CEO commented: "We are excited to commence the 2023 field exploration program which will seek to cost-effectively advance the Berg Project, for which we recently announced a substantial resource update and a robust Preliminary Economic Assessment. Drilling at Berg will primarily be focused on expanding certain higher-grade zones within the deposit into volumes which lack adequate drill density. Certain of these holes will meet other objectives such as gathering important information and physical data for use in follow on technical studies to advance the project. We are also excited to continue to advance a number of promising early-stage exploration targets throughout the district, some of which could be ready for initial drill testing later in the year."
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CVOSF | Hot Stocks07:40 EDT Coveo Solutions completes substantial issuer bid, launches NCIB - Coveo Solutions has taken up and paid for 3,706,194 of its subordinate voting shares at a price of C$8.50 per Share under Coveo's substantial issuer bid to purchase for cancellation a number of its Shares for an aggregate purchase price not to exceed C$40 million. Coveo further announced that its board of directors has authorized a normal course issuer bid to purchase for cancellation up to 2,559,247 Shares over the twelve-month period commencing on July 17, 2023 and ending no later than July 16, 2024.
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DAKT | Hot Stocks07:39 EDT Daktronics says conditions that gave rise to going concern 'resolved' - The company said, "The events and conditions that gave rise to substantial doubt about our ability to continue as a going concern were resolved."
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GBARF | Hot Stocks07:38 EDT Monarch Mining expands size of McKenzie Break gold project - MONARCH MINING reports additional results from the 2022 drilling program on its wholly-owned McKenzie Break gold project, located 25 kilometres north of the Corporation's wholly owned Beacon mill. The 2022 drilling program on the McKenzie Break property totaled 16,104 metres in 53 holes. "The recent drill results confirm that the mineralization remains open downdip to the northeast as well as up dip to the west along the northern and southern edges of the pit shell," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "Our confirmation drilling, filling in larger gaps for both the underground resource blocks and within the pit shell, continues to give positive results and further our understanding of the known mineralization."
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FGBI | Hot Stocks07:38 EDT First Guaranty Bancshares to terminate merger plans with Lone Star Bank - In a regulatory filing earlier this week, the company stated: "As previously disclosed, on January 9, 2023, First Guaranty Bancshares, Inc. entered into an Agreement and Plan of Merger dated January 6, 2023 by and among First Guaranty, First Guaranty Bank, and Lone Star Bank, pursuant to which, on the terms and subject to the conditions set forth therein, First Guaranty would acquire all of the issued and outstanding shares of Lone Star common stock in exchange solely for shares of First Guaranty common stock through the merger of Lone Star with and into First Guaranty Bank, with First Guaranty Bank as the surviving banking corporation. On July 10, 2023, First Guaranty, First Guaranty Bank, and Lone Star entered into a Mutual Termination Agreement and Release pursuant to which the parties mutually agreed to terminate the Merger Agreement."
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TLRY | Hot Stocks07:37 EDT Tilray's RIFF launches new THC beverages for summer - Premium cannabis lifestyle brand RIFF, from Tilray Brands, debuts its new ready-to-drink, sparkling THC beverages with two fruit-forward flavours: Blue Raspberry Ice and Wild Raspberry Lemonade. Blair MacNeil, President, Canada: "Tilray has produced beverages in the past, but we're excited to offer cannabis-infused beverages for the first time ever from RIFF. As the brand continues to evolve, entering the beverage category allows RIFF to broaden its current offerings across Canada, including its new lineup of craft flower and infused pre-rolls."
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DAKT | Hot Stocks07:37 EDT Daktronics expects inventory to approach more nomalized levels - The company said, "During the fourth quarter and year of fiscal 2023, we generated $24.5 million and $15.0 million from operations, respectively. Inventory dropped from the peak levels at the end of the third quarter of fiscal 2023 and are expected to approach more normalized levels as supply chain disruptions continue to ease and order backlog is fulfilled. Cash, restricted cash and marketable securities totaled $25.2 million as of April 29, 2023, and $17.8 million was borrowed on our previous bank credit line for cash and letters of credit. At the end of the 2023 fiscal year, our working capital ratio was 1.6 to 1. We used $3.6 million and $25.4 million for purchases of property and equipment to improve production capacity for the fourth quarter of fiscal 2023 and for the full fiscal 2023 year, respectively."
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ABUS | Hot Stocks07:37 EDT Arbutus Biopharma appoints Rewolinski to board of directors - Arbutus Biopharma announced the appointment of Melissa Rewolinski, PhD, to its board of directors, effective July 12, 2023. Dr. Rewolinski currently serves as principal of MVR Consulting, where she specializes in providing counsel to small and mid-size biotechnology and pharmaceutical companies.
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CNTG | Hot Stocks07:36 EDT Centogene announces publication of study on Niemann-Pick type C1 - CENTOGENE announced the publication of a landmark study titled, "At a glance: the largest Niemann-Pick type C1 cohort with 602 patients diagnosed over 15 years." Recently published in the European Journal of Human Genetics, one of the world's leading medical genetic journals, the study represents the largest and most heterogeneous Niemann-Pick type C1 disease cohort, with 602 patients referred from 47 countries. The analysis of the data captured in the CENTOGENE Biodatabank revealed 287 unique Pathogenic/Likely Pathogenic variants, with 73 having not been described previously. Additionally, researchers identified variant-linked patterns of symptoms and manifestations by leveraging Human Phenotype Ontology terms. Furthermore, these results suggest that in addition to its utility to classify and report variants, the biomarker N-palmitoyl-O-phosphocholineserine, might serve to indicate disease severity/progression.
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DAKT | Hot Stocks07:35 EDT Daktronics announces priorities for 2024 - The company said, "Our priorities for fiscal 2024 include: Growing the business profitably while generating cash through working capital management, strategic pricing adjustments, product mix changes, and careful expense management; Improving operational efficiency to lower costs, reduce lead times, and improve the customer experience; Developing additional markets for new customer types and channels and growing in traditional markets; Developing more robust integrated business planning systems to improve data available for decision making; Investing in high-return projects and technologies, including digital technologies for both internal and customer facing uses."
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LMNL | Hot Stocks07:35 EDT Liminal BioSciences and Structured Alpha announce definitive agreement - Liminal BioSciences and Structured Alpha, a fund managed by Thomvest Asset Management, announced that they have entered into a definitive arrangement agreement under which SALP will acquire all of the issued and outstanding common shares of Liminal BioSciences that it does not already own. Under the terms of the Arrangement Agreement, Liminal BioSciences shareholders will receive $8.50 in cash per Common Share, which represents a premium of approximately 135% over Liminal BioSciences' closing share price on the Nasdaq on April 4, which was the last full trading day prior to the public announcement of SALP's initial non-binding proposal to acquire the remaining Common Shares of Liminal BioSciences that it does not already own, and is $1.00 per Common Share more than SALP's initial non-binding proposal. The special committee of the board of directors of Liminal BioSciences has unanimously recommended that the board of directors of Liminal BioSciences approve the Arrangement Agreement and unanimously recommends that the minority shareholders vote in favour of the special resolution to approve the transaction at the special meeting of the shareholders to be held to approve the transaction. The board of directors of the Company, after receiving the unanimous recommendation of the Special Committee, has determined that the transaction is in the best interest of the Company. The transaction will be completed pursuant to a court-approved plan of arrangement under section 192 of the Canada Business Corporations Act. The transaction is expected to close no later than September 30, subject to satisfaction of customary closing conditions. The transaction is not subject to any financing condition. BMO Capital Markets is serving as independent financial advisor to the Special Committee in connection with the acquisition. Stikeman Elliot and Cooley are serving as Liminal BioSciences' legal advisors. Langstaff & Co. is acting as financial advisor to SALP. Torys is serving as legal advisor to SALP.
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CNSL | Hot Stocks07:32 EDT Wildcat Capital urges Consolidated Communications to reject 'take private' deal - Wildcat Capital Management, which beneficially owns approximately 2.6% of the outstanding shares of Consolidated Communications Holdings, sent a letter to the Special Committee of CNSL's Board of Directors regarding its significant concerns with the non-binding takeover offer, dated April 12, 2023, from Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. Wildcat is a long-term investor and one of the Company's largest shareholders. Wildcat supports the company's current strategic trajectory and firmly believes in CNSL's value as a standalone public entity. In its letter, Wildcat urged the Special Committee to not pursue an offer that it believes significantly undervalues CNSL's equity by a factor of 3.5x. Based on analysis detailed in its letter, Wildcat believes that any offer for the company that the Special Committee recommends should be no lower than $14.00 per share.
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DPZ UBER | Hot Stocks07:19 EDT Domino's Pizza jumps 7% to $376.06 after entering global agreement with Uber - Uber is up about 2% to $45.20 on the news.
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RGLD | Hot Stocks07:12 EDT Royal Gold reports RGLD Gold Q2 gold sales of 53.7K oz - Royal Gold "announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 53,700 gold equivalent ounces comprised of approximately 40,500 ounces of gold, 800,900 ounces of silver and 800 tonnes of copper related to its streaming agreements during the three-month period ended June 30, 2023. The Company had approximately 17,100 ounces of gold, 331,300 ounces of silver, and 400 tonnes of copper in inventory at June 30, 2023. RGLD Gold AG's average realized gold, silver and copper prices for the second quarter were $1,983 per ounce, $24.01 per ounce and $8,720 per tonnes, respectively. Cost of sales was approximately $436 per GEO for the second quarter. Cost of sales is specific to the Company's streaming agreements and is the result of the Company's purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased."
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LIACF | Hot Stocks07:10 EDT American Lithium reports assay results from drill holes at Falchani Lithium - American Lithium provides details of assay results from three diamond drill holes recently drilled at the Falchani Lithium project in Puno, southeastern Peru. These 3 holes were drilled under the ten-hole Environmental Impact Assessment hydrology drilling program launched at Falchani last fall as part of the EIA hydrology study designed by EDASI SAC and SRK Peru with field work overseen by EDASI. This program has successfully demonstrated that there are no water table issues within proposed development areas across Falchani and the program has also enabled the drilling and analysis of core down to a depth of 120 metres. Once full results from this program are complete all data and assays will be incorporated into an updated resource report on Falchani to be prepared by Stantec Consulting. Core logging and assay results from these three diamond holes intersected intervals of typical Falchani volcanic tuff as well as large sections of breccias with highlights including Lithium up to 5,645 ppm and Cesium up to 1.22%, the highest grades of both metals encountered to date from 1 m drill core interval samples at Falchani. These holes were drilled in key areas both within and outside the current Falchani resource footprint and will add additional information to the planned mineral resource estimate update with a focus on expanding the overall resource and reclassifying the existing resource. EIA Drill Program and Initial Results: EIA diamond drill hole Pz04-TV intersected lithium mineralization over the entire vertical drill hole; 0-120 m averaged 2,186 ppm Lithium; 841 ppm Cesium; 1,215 ppm Rubidium; and 2.62% Potassium: Several substantial sub-intervals of +3,000 ppm Li intersected; Maximum Li of 5,645 ppm Li over 1 m at 54 m downhole; and This drill hole is the westernmost drill hole reported at Falchani and extends the drilled mineralization approximately 250 m further west. Mineralization remains open at depth; EIA diamond drill hole Pz03-TV intersected the strongest Cesium mineralization to date with associated moderate lithium mineralization over the upper 63 m downhole averaging 1,428 ppm Li; 4,770 ppm Cs; 1,188 ppm Rb; and 2.67% K: The upper interval is richer in Li with the lower interval much richer in Cs, including the highest 1 m Cs interval sample encountered at Falchani of 12,160 ppm Cs; Cs mineralization is associated with more intense brecciation and hydrothermal overprint observed in this hole, drilled from within the natural valley separating the east and western parts of the Falchani resource. This hole establishes the deposit thickness/bottom within the valley. EIA diamond drill hole Pz06-TV intersected typical Falchani tuff over the entire 86 m drilled and analyzed to date averaging 2,739 ppm Li; 338 ppm Cs; 1,292 ppm Rb; and 2.87% K; drilling at this location continues in Li mineralization. Ground water has yet to be encountered in any holes within the 120 m reporting drill depth, so EDASI and the Company is requesting permission from ANA, the National Water Authority, to drill deeper: 10 diamond drill holes were approved for EIA drilling, including installation of downhole piezometers to monitor water table and local groundwater parameters where water is encountered; Every 5m EDASI collects drill hole wall-rock measurements of moisture content, water, etc. resulting in very slow drill advancement, but essential data and information for feasibility study; Drill core chemical analysis is required under the EIA, and reporting mineralization is allowed; and EIA Program is close to completion and additional results will be reported when available.
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BGNE | Hot Stocks07:10 EDT BeiGene announces FDA acceptance of sNDA for fifth Brukinsa indication - BeiGene announced the U.S. Food and Drug Administration FDA has accepted for review the Company's supplemental new drug application sNDA for BRUKINSA or zanubrutinib in combination with obinutuzumab for the treatment of adult patients with relapsed or refractory R/R follicular lymphoma FL after at least two prior lines of therapy. BRUKINSA was previously granted Fast Track and Orphan designation for this indication. The FDA has assigned a target action date in the first quarter of 2024, under the Prescription Drug User Fee Act. "Follicular lymphoma is the most common slow-growing non-Hodgkin lymphoma, but there are limited treatment options for patients whose condition has progressed after two lines of therapy. We are therefore pleased that BRUKINSA is the first Bruton's tyrosine kinase inhibitor to demonstrate efficacy in follicular lymphoma and plan to continue worldwide regulatory submissions based on the ROSEWOOD results," said Mehrdad Mobasher, M.D., M.P.H., Chief Medical Officer, Hematology. "Importantly, we are grateful to the people living with relapsed or refractory follicular lymphoma who chose to participate in the ROSEWOOD study."
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ESAB | Hot Stocks07:09 EDT ESAB, GRI Renewable Industries enter green projects partnership - ESAB and GRI Renewable Industries have entered a new partnership to collaborate on green projects in support of their mutual commitment to running sustainable businesses. The partnership will leverage each company's expertise in the fabrication and wind power industries to drive initiatives such as the transition to green energy and the reduction of each company's environmental footprint.
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LPTX | Hot Stocks07:07 EDT Leap Therapeutics initiates Part B of the DeFianCe study of DKN-01 - Leap Therapeutics announced that, based on the early efficacy and momentum seen in the enrollment of 33 patients with colorectal cancer in its DeFianCe study, it has initiated the 130 patient randomized controlled Part B of the Phase 2 study. The study evaluates Leap's anti-Dickkopf-1 antibody, DKN-01, in combination with standard of care bevacizumab and chemotherapy as a second-line treatment for patients with advanced CRC.
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AVRO | Hot Stocks07:07 EDT Avrobio to conduct exploration of strategic alternatives - Avrobio announced that it has completed a review of its business, including the status of its programs, resources, and capabilities. Avrobio has made the determination to halt further development of its programs and to conduct a exploration of strategic alternatives focused on maximizing shareholder value. As part of this evaluation process, Avrobio will explore potential strategic alternatives that may include, but are not limited to, an acquisition, merger, business combination, or other transaction. There can be no assurance that its exploration will result in Avrobio pursuing a transaction or that any transaction, if pursued, will be completed on attractive terms, if at all. Avrobio has not set a timetable for completion of this evaluation process and does not intend to disclose further developments unless and until it is determined that further disclosure is appropriate or necessary.
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DPZ UBER | Hot Stocks07:05 EDT Domino's Pizza enters new global agreement with Uber - Domino's Pizza (DPZ) has entered into a new global agreement with Uber (UBER). The agreement allows U.S. customers to order Domino's products through the Uber Eats and Postmates apps with delivery by the trained delivery experts of Domino's and its franchisees - an experience that customers have come to rely on for more than 60 years. The initial U.S. rollout of the agreement will begin this fall in four pilot markets, with ordering on the Uber Eats and Postmates apps anticipated to be enabled across the country by the end of 2023.
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MUX | Hot Stocks07:05 EDT McEwen Mining announces latest assay results on its Los Azules project - McEwen Copper, 52% owned by McEwen Mining, reports additional copper values over wide intercepts resulting from drilling performed on its Los Azules project, located in San Juan, Argentina. McEwen Copper recently published an updated Preliminary Economic Assessment (PEA) on a copper leaching phase of development. Infill and other resource drilling completed since the PEA model data cut-off date confirm very good alignment of new assay results to the resource model prediction for the same area. Also, copper grade continuity modeled in the core of the deposit is well-supported by core logging and new assay results.
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NIO | Hot Stocks07:05 EDT Nio closes $738.5M strategic equity investment from CYVN - NIO has closed the $738.5M strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government with a strategic focus on advanced and smart mobility, previously announced on June 20, 2023. Based on publicly disclosed information, CYVN Entities also acquired certain Class A ordinary shares of the Company from an affiliate of Tencent for an aggregate consideration of $350M. Following the Investment Transaction and the Secondary Share Transfer, CYVN Investments RSC Ltd in aggregate beneficially owns approximately 7.0% of the Company's total issued and outstanding shares. Going forward, NIO and CYVN Entities will work jointly to pursue strategic collaborations in international business and technology cooperation.
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MKGAY VEEV | Hot Stocks07:05 EDT Merck KGaA partners with Veeva on medical information management - Veeva Systems (VEEV) announced that Merck KGaA (MKGAY), Darmstadt, Germany is using Veeva Vault MedInquiry as its global medical information management system. The leading biopharma uses Vault MedInquiry to effectively manage global medical information requests and help their teams worldwide streamline cross-functional business processes for better scientific exchange.
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OMGA APRE | Hot Stocks07:04 EDT Omega Therapeutics appoints Shade to board of directors - Omega Therapeutics (OMGA) announced the appointment of Chris Schade to its Board of Directors. Schade brings over 30 years of experience across the biopharma industry to support the Company's long-term growth objectives. Previously, Schade was President and Chief Executive Office of Aprea Therapeutics (APRE), where he has been serving as a member of the board since 2016 and as Chairman of the board since 2020.
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GTBIF | Hot Stocks07:03 EDT RISE Dispensaries launches 'Thanks, Dick' campaign - RISE Dispensaries announced the launch of its "Thanks, Dick" campaign, which will roll out across RISE Dispensaries in select markets on July 14th, to ironically "celebrate" Richard Nixon's signing of the Controlled Substances Act in 1970. The "Thanks, Dick" campaign recognizes the destructive consequences of the Controlled Substances Act, which effectively initiated the War on Drugs and decades of harm on communities of color. "Nixon's Controlled Substances Act was an ill-conceived, targeted policy that brought on devastating impacts to individuals and communities for the last 50+ years," said Green Thumb CEO Ben Kovler. "The 'Thanks, Dick' campaign is a way to acknowledge the harmful aspects of cannabis history while advocating for a better future. We hope that this initiative raises awareness about the injustice that continues to exist today, the irony in federal policy, and the ways in which the current administration can right the wrongs of the past." The "celebration" will feature a promotion of 19.70% off storewide from July 14th through July 20th at participating RISE Dispensaries in California, Illinois, Massachusetts, Minnesota, Nevada, New Jersey, New York, Pennsylvania, Rhode Island, and Virginia.
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KMDA | Hot Stocks07:02 EDT Kamada announces Kedrion exercised option for extension of KEDRAB agreement - Kamada announced that Kedrion has exercised its option to extend the distribution agreement between the parties in the U.S. for KEDRAB, which is indicated for passive, transient post-exposure prophylaxis, PEP, of rabies infection to persons of all ages when given immediately after contact with a rabid or possibly rabid animal. The current agreement now extends through March 2026, and the companies are in discussions to potentially further expand the scope of the collaboration. "We are pleased that Kedrion has exercised its option to extend this important distribution agreement for an additional two years," said Amir London, CEO of Kamada. "Rabies is still present in the U.S and is transmitted by wild animals. Our collaboration with Kedrion contributed to the promotion of KEDRAB and, through disease awareness campaigns, we achieved substantial growth and gained share in the U.S. market, which is estimated to be over $150 million annually. During 2022, we generated approximately $16 million in revenues from sales of KEDRAB to Kedrion for further distribution in the U.S. market, and we anticipate a significant increase in sales of the product this year."
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VRNOF | Hot Stocks07:02 EDT Verano Holdings opens Zen Leaf Norwich - Verano Holdings announced the opening of Zen Leaf Norwich, the Company's first social equity joint venture location in Connecticut and third cannabis dispensary statewide, on Friday, July 14 at 9 a.m. local time. Zen Leaf Norwich, located at 606 W Main Street, is open Monday through Saturday from 9 a.m. to 9 p.m. and Sunday from 10 a.m. to 6 p.m.
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MRCY | Hot Stocks07:02 EDT Mercury Systems receives $83M five-year contract from U.S. NAS Command - Mercury Systems received a five-year contract worth as much as $83M from the U.S. Naval Air Systems, NAS, Command to deliver high-definition, digital Head-Up Display, HUD, systems for the T-45 Goshawk training aircraft. This firm-fixed-price delivery order was issued under a previously awarded basic ordering agreement. The Navy is the first customer to adopt Mercury's HUD1080 technology that enables aviators to see critical flight and weapons data in real-time without taking their eyes off the sky. Under this program, Mercury expects to deliver nearly 300 HUD systems, with the first $45 million production order awarded in conjunction with this contract. "The introduction of the HUD1080 expands Mercury's display technology portfolio and our ability to deliver mission-ready technology and solutions for all aspects of the avionics ecosystem," said Mitch Stevison, Executive Vice President and President of Mercury's Mission Systems division.
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RTX | Hot Stocks06:50 EDT RTX announces $5.5B Air Force contract modification - Pratt & Whitney, an RTX business, announced that it has signed a $5.5B modification to the previously awarded F117 Engine Sustainment Support contract with the United States Air Force. The contract provides engine services for C-17s operated by the USAF and eight international partners. The sustainment work will be provided between now and the second half of 2027 and will be conducted at Tinker Air Force Base in Oklahoma as well as facilities in San Francisco and Columbus, Georgia.
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STNG | Hot Stocks06:47 EDT Scorpio Tankers to sell the STI Ville tanker for $32.5 - Scorpio Tankers announced the sale of the 2013 built MR product tanker, STI Ville, for $32.5M in July. As the vessel is unencumbered, the Company will make no debt repayments associated with this sale.
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AZN DSNKY | Hot Stocks06:34 EDT AstraZeneca's Enhertu approved in China for HER2-low metastatic breast cancer - AstraZeneca (AZN) and Daiichi Sankyo's (DSNKY) Enhertu has been approved in China as a monotherapy for the treatment of adult patients with unresectable or metastatic HER2-low breast cancer who have received a prior systemic therapy in the metastatic setting or developed disease recurrence during or within six months of completing adjuvant chemotherapy, the companies announced.
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PSN | Hot Stocks06:28 EDT Parsons awarded a $170M ceiling order task order by DTRA - Parsons announced that the company was awarded a task order by the Defense Threat Reduction Agency, or DTRA, under the Assessments, Exercises, Modeling, and Simulation Support indefinite-delivery, indefinite-quantity multiple award task order contract. The $170M ceiling value task order to provide continued support to the agency consists of a one-year base period and four one-year option periods under the company's Federal Solutions segment and includes existing and new work for the company. Under this task order, Parsons will conduct vulnerability assessments, technical support projects, design reviews, and analyses in support of Department of Defense, or DOD, and DTRA efforts; task order work also includes support to DTRA's Nuclear Enterprise Directorate operational programs.
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AVGO VMW | Hot Stocks06:07 EDT Broadcom receives conditional EC approval for VMware acquisition - Broadcom (AVGO) received conditional approval today from the European Commission to complete its acquisition of VMware (VMW). Broadcom has also received legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions. Broadcom provided the European Commission with a technology access remedy that preserves interoperability, a core principle that would not have changed as a result of this transaction. Broadcom did this to fully address the concerns expressed by the European Commission, and Broadcom welcomes the Commission's decision to accept this access remedy. Broadcom continues to expect that the transaction will close in its fiscal year 2023.
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VMW AVGO | Hot Stocks06:04 EDT EU clears acquisition of VMware by Broadcom, subject to conditions - The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of VMware (VMW) by Broadcom (AVGO). The approval is conditional upon full compliance with the commitments offered by Broadcom. The decision follows an in-depth investigation of the proposed acquisition. In view of the positive feedback from market participants, the Commission concluded that the proposed acquisition, as modified by the commitments, would no longer raise competition concerns and would maintain competition on the market for FC HBAs. Reference Link
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CVS GDRX | Hot Stocks06:02 EDT CVS Health, GoodRx launch Caremark Cost Saver - CVS Caremark, a CVS Health (CVS) company, and GoodRx (GDRX) announced the launch of Caremark Cost Saver to help lower pharmacy out-of-pocket drug costs for CVS Caremark clients' members. Through the new program, CVS Caremark's eligible members will have automatic access to GoodRx's prescription pricing to allow them to pay lower prices, when available, on generic medications in an experience at the pharmacy counter. The amount paid will automatically be applied to plan members' deductible and out-of-pocket thresholds. Plan members only need to utilize their existing benefit card at their preferred in-network pharmacy. No action is required by the plan member.
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ILMN | Hot Stocks06:02 EDT Illumina, GRAIL fined by EU for implementing deal without approval - The European Commission has fined Illumina and GRAIL approximately EUR 432 million and EUR 1,000 respectively, for implementing their proposed merger before approval by the Commission, in breach of EU merger control rules. The Commission confirms its preliminary view that Illumina and GRAIL intentionally breached the standstill obligation. The Commission found that by closing the transaction Illumina was able to exercise a decisive influence over GRAIL and it actually exercised it. Reference Link
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BDSX | Hot Stocks06:02 EDT Biodesix announces resuts from prospective ORACLE study - Biodesix announced that the prospective, real-world ORACLE study, An Observational Registry Study to Evaluate the Performance of the Nodify XL2 Test, or NCT03766958, achieved the primary endpoint of a statistically significant change in the proportion of benign lung nodules managed by Nodify XL2 experiencing invasive procedures. The data was published in PLOS ONE this week. Lung nodules are a common clinical finding with the increased use of medical imaging for general diagnostic purposes and the expansion of lung cancer screening eligibility. In ORACLE, the prospective, real-world clinical utility study, patients with benign nodules managed with the Nodify XL2 test were 74% less likely to undergo an unnecessary invasive procedure compared to the control group. Additionally, the proportion of patients sent to CT surveillance with malignant nodules did not differ between the Nodify XL2 group and the control group.
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MSFT | Hot Stocks05:53 EDT Microsoft: Chinese hackers breached government email accounts - Microsoft said in a blog post on Tuesday night: "We are publishing details of activity by a China-based actor Microsoft is tracking as Storm-0558 that gained access to email accounts affecting approximately 25 organizations including government agencies as well as related consumer accounts of individuals likely associated with these organizations. We have been working with the impacted customers and notifying them prior to going public with further details. At this stage-and in coordination with customers-we are sharing the details of the incident and threat actor to benefit the industry. On June 16, 2023, based on customer reported information, Microsoft began an investigation into anomalous mail activity. Over the next few weeks, our investigation revealed that beginning on May 15, 2023, Storm-0558 gained access to email data from approximately 25 organizations, and a small number of related consumer accounts of individuals likely associated with these organizations. They did this by using forged authentication tokens to access user email using an acquired Microsoft account consumer signing key. Microsoft has completed mitigation of this attack for all customers. We added substantial automated detections for known indicators of compromise associated with this attack to harden defenses and customer environments, and we have found no evidence of further access." Reference Link
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LNW | Hot Stocks05:11 EDT Light & Wonder expands multi-year global licensing partnership with WBDGTE - Light & Wonder has announced an expanded multi-year global licensing partnership with Warner Bros. Discovery Global Themed Entertainment, or WBDGTE, to create new worlds of play for customers through Light & Wonder's content aggregation platform. Starting with Willy Wonka: World Of Wonka, which has been a physical slot machine favorite for decades on casino floors, fans will now get to experience the game online. The long-term agreement will see Light & Wonder's in-house game development teams leverage a series of brand licensing offerings from its long-term partner Warner Bros. Discovery Global Themed Entertainment, with titles across a range of verticals set to hit regulated markets worldwide through the OpenGaming ecosystem.
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FSM | Hot Stocks05:07 EDT Fortuna Silver Mines reports Q2 gold equivalent production 93,454 ounces - Fortuna Silver Mines reported production results for the second quarter from its five operating mines in West Africa and Latin America. Reports gold equivalent production of 93,454 ounces. Reports gold production of 64,348 ounces; a 4% increase over Q2 2022. Reports silver production of 1,262,561 ounces; a 24% decrease over Q2 2022. Reports zinc and lead production of 14M and 10M pounds; 29% and 34% increase over Q2 2022, respectively.
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