Stockwinners Market Radar for July 20, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:52 EDT Evertec to acquire Sinqia for BRL27.19 per share - Evertec and Sinqia jointly announced a definitive agreement for Evertec to acquire Sinqia, a leading player in the market of software for financial services in Brazil for consideration with a value of R$27.19 per share, increased by a customary daily "ticking fee" of up to R$1.00 per share depending on the timing of the closing, subject to certain limited exceptions. "Sinqia is a leader in providing software to the financial services industry in Brazil with an impressive history of delivering organic and inorganic growth," said Mac Schuessler, President and Chief Executive Office of Evertec. "This is a highly complementary transaction, and together we plan to bring Evertec payments solutions to Brazil and Sinqia's strategies to our Latin American markets." Pursuant to the terms of the merger agreement, Evertec has agreed to acquire Sinqia's outstanding equity for R$27.19 per share, plus a daily cash ticking fee of up to R$1.00 per share based on the daily SELIC rate published by the Central Bank of Brazil between signing and closing. Based on the closing price of Sinqia shares on July 19, 2023, Sinqia has an equity valuation of R$2,326 million (USD$485 million) and an enterprise value of R$2,835 million (USD$591 million). The transaction represents an approximate 24.0% premium to the unaffected share price at July 19, 2023 and a 22.6% premium to the prior 30-day volume weighted average price. Consideration will be in the form of 90% cash 10% Evertec shares in order to benefit from an expedited process to closing that minimizes execution risk. Evertec has extended and expanded its share repurchase program with the intent of offsetting the impact of newly issued shares as part of the transaction which amount to approximately 1.2 million shares. Evertec intends to finance the acquisition with cash on hand and committed financing of $600 million as the Company looks to maintain a strong balance sheet that provides for added flexibility to continue executing on our diversification and M&A plans. Transaction has been unanimously approved by the boards of directors of both Evertec and Sinqia and is expected to be completed during the fourth quarter of 2023, subject to satisfaction of customary closing conditions and approvals. The transaction is subject to Sinqia stockholder approval of a simple majority (greater than 50%). As of the signing of the merger agreement Evertec has entered into an agreement with shareholders representing approximately 40% of Sinqia's outstanding shares to vote in favor of the transaction. Evertec shareholder approval is not required and is not a condition to closing the proposed transaction. The proposed transaction is expected to be breakeven to slightly accretive to 2024 Adjusted earnings per share and accretive in 2025.

19:03 EDT Porch Group estimates $18M catastrophic weather impact in Q2 - Porch Group announced an estimated $18 million catastrophic weather impact in the second quarter of 2023, due to extreme weather events in June. The second quarter is often the worst and riskiest weather quarter of the year for Porch. The second quarter 2023 was on track until extreme weather events occurred, including wind, thunderstorm and hail events in Texas in mid and late June, which resulted in an estimated $5.0 billion1 in combined industry-wide claims. This will negatively impact operating results2 in the second quarter within the Insurance Segment. Porch preliminarily estimates the extreme weather resulted in a $18 million loss, net of third-party reinsurance. These were uncommon cat weather events compared to historic trends and therefore not included within our full year 2023 guidance. "I'm proud of our team for serving our customers quickly and effectively after these difficult weather events. At Porch, our experienced underwriters continue to use our unique data and analysis of historic trends to evaluate risk when writing insurance policies. Like everyone in the industry, we cannot predict these unfortunate and uncommon weather events, but we will continue to seek to increase prices to ensure we are setup well as we look ahead. Outside of this event, our business is performing well, and we continue to expect to launch the Porch Insurance Reciprocal Exchange later this year, once approved by the Texas Department of Insurance." Matt Ehrlichman, Chief Executive Officer.

18:05 EDT Emergent BioSolutions announces FDA approved CYFENDUS - Emergent BioSolutions announced that the FDA has approved CYFENDUS, or Anthrax Vaccine Adsorbed, Adjuvanted, previously known as AV7909, for post-exposure prophylaxis of disease following suspected or confirmed exposure to Bacillus anthracis in persons 18 through 65 years of age when administered in conjunction with recommended antibacterial drugs. The efficacy of CYFENDUS vaccine for post-exposure prophylaxis is based solely on studies in animal models of inhalational anthrax. CYFENDUS vaccine is comprised of Anthrax Vaccine Adsorbed, or AVA, and an additional adjuvant.

17:53 EDT Lumen appoints Ana White as Chief People Officer - Lumen Technologies has named Ana White Executive Vice President and Chief People Officer. She joins Lumen on September 1. Ana comes to Lumen from her role as Executive Vice President and Chief People Officer at F5, where she was a driving force in their transformation from a hardware-led to a software-led company. She understood that achieving a transformed company was only possible with a transformed culture. Ana spearheaded efforts to cultivate a workplace that is human-first and high-performance, where people are committed to helping each other thrive. Ana brings deep knowledge and experience in driving ground-breaking programs to fuel growth. Her leadership experience includes 18 years at Microsoft, where she led global HR teams. As Microsoft's HR general manager, she partnered with members of the CEO's executive team and oversaw cultural transformation, led several acquisitions, and drove progress in diversity and inclusion.

17:36 EDT State Street rises dividend 10% to 69c - State Street announced a quarterly cash dividend of 69c per share of common stock, payable on October 12 to common shareholders of record at the close of business on October 2. The dividend represents a 10% per share increase from the Q2 dividend of 63c per share.

17:27 EDT Chewy CFO Mario Marte to retire, Stacy Bowman named interim CFO - Chewy announced that Mario Marte has decided to retire from the company, effective as of July 28. As part of the transition process, Stacy Bowman, Chief Accounting Officer, has been appointed interim CFO while the company continues its previously announced search for a permanent CFO. Prior to Chewy, Stacy served in a number of senior accounting roles at Brightstar, Ernst & Young and PricewaterhouseCoopers.

17:16 EDT Veradigm announces two healthcare provider agreements in Q2 - Veradigm announced the signing of two multi-year healthcare provider agreements during the Q2. One of Veradigm's largest Veradigm EHR clients, State of Franklin Healthcare Associates, or SOFHA, a physician-owned and led primary care and multi-specialty healthcare system in upper East Tennessee and Southwest Virginia, expanded its agreement with Veradigm to include Veradigm Revenue Cycle Services. Also, during the quarter, Total Orthopedics and Sports Medicine contracted for Veradigm Revenue Cycle Services, Veradigm Payerpath, Veradigm Guided Scheduling and Veradigm FollowMyHealth to enhance their patient experience and billing process.

17:03 EDT Cidara Therapeutics provides update on status of CD388 program - Cidara Therapeutics (CDTX) provided an update on the status of its ongoing CD388 program for prevention of influenza A and B, which is the subject of an exclusive worldwide license and collaboration agreement with Janssen Pharmaceuticals, one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ). As part of a recent prioritization of its R&D business, Janssen has announced its intention to discontinue internal development of the majority of its infectious disease pipeline, including JNJ-0953. However, at this time, Janssen has not informed Cidara of any intention to terminate the agreement between the two parties. Cidara continues to work in collaboration with Janssen to complete the Phase 1 and Phase 2a clinical trials and will be reimbursed for all ongoing development activities by Janssen as per the Janssen Collaboration Agreement. Under the Janssen Collaboration Agreement, within 90 days after Cidara delivers the complete CD388 Phase 2a data package to Janssen, Janssen is required to notify Cidara whether it will proceed with clinical development. If Janssen delivers an Election to Proceed, it is obligated at its sole expense to diligently continue development and commercialization either itself or through a third party to whom it sublicenses or assigns the rights. If Janssen sublicenses or assigns the rights to a third party, then all terms under the current Janssen Collaboration Agreement will survive without modification. Should Janssen not provide an Election to Proceed within the Election Period, Cidara would have the right to terminate the agreement and retain the CD388 program, including all data and materials funded by Janssen's investment in the program.

16:58 EDT SEC charges Digital World SPAC for material misrepresentations to investors - The Securities and Exchange Commission announced settled fraud charges against Digital World Acquisition Corporation, a special purpose acquisition company, for making material misrepresentations in forms filed with the SEC as part of DWAC's initial public offering and proposed merger with Trump Media & Technology Group Corp. The Commission finds that DWAC misled investors and the SEC by failing to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG prior to DWAC's IPO. The purpose of a SPAC is to identify and acquire an operating business. As such, steps taken by a SPAC in furtherance of a particular acquisition are important to investors. According to the SEC's order, DWAC filed an amended Form S-1 in support of its IPO in early September 2021 that stated that neither DWAC nor its officers and directors had had any discussions with any potential target companies prior to the IPO. But, as found in the SEC's order, dating back to February 2021, an individual who would later become DWAC's CEO and Board Chairman, and others involved with DWAC, had extensive SPAC merger discussions with TMTG. The SEC's order further finds that, while DWAC's CEO and Chairman initially pursued these discussions with TMTG on behalf of another SPAC, he created a plan in the spring and summer of 2021 to potentially use DWAC to pursue a merger with TMTG and used this plan to solicit certain pre-IPO investors. The order also finds that DWAC failed to disclose that the CEO had a potential conflict of interest based on an agreement he had signed with TMTG. As a result, DWAC's amended Form S-1 was materially false and misleading. The SEC's order further states that, in a later Form S-4 filed with the Commission following the announcement of the proposed merger with TMTG, DWAC mischaracterized and omitted information about the history of its interactions with TMTG. The SEC's order finds that DWAC violated the antifraud provisions of the federal securities laws. DWAC agreed to a cease-and-desist order and to pay an $18 million penalty in the event it closes a merger transaction. It also agreed to undertake that, should DWAC file an amended Form S-4, any such Form S-4 will be materially complete and accurate and consistent with the findings in the SEC's order.

16:52 EDT Genelux promotes Joseph Cappello to chief technical officer - Genelux announced Joseph Cappello, who previously served as the company's VP of pharmaceutical development, has been promoted to chief technical officer. .

16:33 EDT Nasdaq grants Arrival required extension to file annual report on Form 20-F - Arrival announced that the Nasdaq Stock Marke has determined to grant Arrival an exception to Listing Rule 5250(c)(1) , giving Arrival an extension of the deadline to file its Annual Report on Form 20-F for the fiscal year ended December 31 .As Arrival announced in its press release dated May 5 on May 2 , Arrival received a deficiency letter from Nasdaq notifying Arrival that due to its failure to file the 2022 20-F within the prescribed period of time, Arrival no longer complied with the Rule, which requires timely filing of all required periodic financial reports with the U.S. Securities and Exchange Commission. Nasdaq informed Arrival that it had sixty (60) calendar days to submit a plan of compliance to Nasdaq detailing how the Company planned to file the 2022 20-F and regain compliance with Nasdaq's continued listing requirements.

16:33 EDT TortoiseEcofin Acquisition Corp. III announces LOI for business combination - TortoiseEcofin Acquisition Corp. III announced that it has executed a new non-binding letter of intent for a proposed business combination with an industrial renewable power solutions company that would result in a public listing of the Target upon completion of the proposed Business Combination. The Company previously signed an initial LOI with the Target on April 26, 2023 and anticipates announcing additional details regarding the execution of a definitive agreement for the Business Combination, which is expected in the third quarter of 2023. "Our commitment to the energy transition is unwavering and is supported by our deep sector expertise and long track record of value creation over decades of investing in the energy and power infrastructure sector," commented Vince Cubbage, Chief Executive Officer of TortoiseEcofin Acquisition Corp. III. "In assessing potential business combination targets, we have focused on companies that are developing specific solutions to current, real-world problems. We are excited by the potential transaction identified with this pioneering industrial renewable power solutions company. We expect that this company will play a critical role in facilitating the energy transition for the industrial market." As a result of the signed letter of intent, pursuant to the provisions of the Company's Amended and Restated Memorandum and Articles of Association, the Company has until October 22, 2023 to consummate its business combination.

16:32 EDT Bowlero announces acquisitions in Arizona - Bowlero announced they have entered into a definitive agreement to acquire Mavrix and Octane Raceway in Scottsdale, Arizona. This transaction is expected to close at the end of August 2023, and will be funded through an all cash transaction. The acquisition of Mavrix and Octane Raceway will mark the company's 19th and 20th locations in Arizona. "The acquisitions of Mavrix and Octane Raceway align seamlessly with our commitment to providing premium and immersive experiences to our guests," stated Thomas Shannon, Founder, President and CEO of Bowlero Corp. "Our decision to incorporate these dynamic venues in our growing portfolio exemplifies the company's dedication to furthering our position as the leader in the entertainment space."

16:31 EDT Bio-Rad announces up to $500M share repurchase program - Bio-Rad Laboratories announced that its board of directors approved a new share repurchase program that grants the company authority to repurchase up to $500M of outstanding shares of its common stock. "The new share buyback authorization is consistent with our disciplined approach and demonstrates our continued commitment to using this tool as part of our capital allocation strategy," said Norman Schwartz, Bio-Rad's Chief Executive Officer.

16:30 EDT SLM names Munish Pahwa chief risk officer - Sallie Mae, formally SLM Corporation, has named Munish Pahwa Executive Vice President and Chief Risk Officer. Pahwa will be accountable for the company's integrated risk and compliance function and maintaining strong relationships with regulators. He succeeds Kerri Palmer, who was named Chief Operational Officer and President of Sallie Mae Bank earlier this year. Pahwa has served as Chief Credit Risk Officer for Sallie Mae since 2021. Prior to joining Sallie Mae, he spent nearly 16 years at Bank of America in various risk roles. Pahwa also held roles in Risk, Collections, Operations, and Decision Sciences at MBNA, PNC Bank, and Bank of New York Mellon.

16:28 EDT Codexis sees FY23 product revenue $30M-$35M - The company said, "Codexis is reiterating its 2023 product revenue and gross margin guidance as outlined in the Company's first quarter earnings release issued on May 4, 2023. Specifically, product revenues are expected to be in the range of $30 million to $35 million and gross margin on product revenue is expected to be in the range of 55% to 65%; both metrics exclude enzyme sales related to PAXLOVID. R&D revenues are now expected to be in the range of $21 million to $24 million, compared to previous guidance of $28 million to $33 million. The change is the result of the workforce reduction and reduced R&D expenses subject to reimbursement related to the discontinuation of the Company's Biotherapeutics programs. As of June 30, 2023, the Company had an estimated $92.1 million in cash and cash equivalents. Codexis expects the portfolio prioritization, operational streamlining and reduction in workforce to significantly reduce the Company's annual cash burn rate for its planned operations, extending cash runway into mid-2026 and funding critical upcoming milestones for its priority programs."

16:23 EDT PPG: Higher Q3 tax rate to have y/y impacted on adjusted EPS of 7c-9c - In prepared commentary ahead of its earnings conference call, PPG said it expects Q3 corporate expenses of about $90M, with net interest expense of $35M-$37M and an effective tax rate of 23%-24%. This higher effective tax rate is expected to have an unfavorable year-over-year impact on adjusted Q3 EPS of approximately 7c-9c.

16:21 EDT M3-Brigade Acquisition III approves extension period for business combination - M3-Brigade Acquisition III announced that, upon the request of the Company's sponsor, M3-Brigade Sponsor III, its board of directors has approved an extension of the period of time the Company has to consummate its initial business combination by three months, from the current deadline of July 26 until October 26, pursuant to the Company's amended and restated certificate of incorporation. The Charter permits a total of four three-month extensions, of which this is the fourth. In connection with the Extension, the Sponsor, or its affiliates or designees, will deposit an additional $1,696,500 into the Company's trust account, in part from the Company's working capital, for the benefit of the Company's public stockholders. The Company's stockholders are not entitled to vote on or redeem their shares in connection with the Extension.

16:19 EDT EQT Corporation appoints Jeremy Knop as CFO - EQT announced Jeremy Knop has been named CFO following completion of the Company's previously announced succession process. Knop, who previously served as the Company's Executive Vice President of Corporate Development, will assume the CFO role effective July 24. Knop has extensive experience in strategic decision making, investment management, capital allocation, M&A and transaction execution. In his previous role at EQT, Knop was responsible for leading EQT's M&A strategy since joining the Company in January 2021. Prior to joining EQT, Knop was a Principal at The Blackstone Group focused on debt, mezzanine and private equity investing across the energy industry. While at Blackstone, his responsibilities included investment due diligence, execution, and portfolio management, including serving on the board of directors of various portfolio companies. Prior to joining Blackstone in 2012, Knop was an investment banker in the global natural resources group at Barclays. Knop received a BBA in Finance from Texas A&M University. Knop and outgoing CFO, David Khani, have worked closely together during their shared tenure at EQT on matters such as financial policy, capital allocation and hedging, which will support strategic continuity and a smooth transition.

16:16 EDT Sagimet Biosciences announces COO Rimac assumes position of CFO - Sagimet Biosciences announced a series of leadership changes and appointments, designed to ensure a seamless transition into the next stage of growth for the company. Elizabeth Rozek was appointed earlier this year as General Counsel & Chief Compliance Officer, and Anthony M. Rimac, who currently serves as Chief Operating Officer, will assume the position of Chief Financial Officer as of August 1. Dennis Hom, our current CFO, will continue to serve in an advisory capacity for several months. In addition, Gordon Ringold, Ph.D., and James F. Young, Ph.D., have stepped down from the board of directors as of July 13.

16:12 EDT ADC Therapeutics to discontinue LOTIS-9 clinical trial - ADC Therapeutics announced that it plans to discontinue the Phase 2 LOTIS-9 clinical trial evaluating Zynlonta and rituximab in unfit or frail patients with previously untreated diffuse large B-cell lymphoma, or DLBCL. Given the challenges of defining the addressable segment of the difficult-to-treat unfit or frail DLBCL patient population, including many patients with significant active underlying co-morbidities, the benefit-risk profile does not support continuation of the LOTIS-9 trial. Following a meeting yesterday, the FDA placed a partial clinical hold on the trial for new patient enrollment but will allow patients already on therapy who are deriving clinical benefit to remain on therapy after being reconsented. Following treatment of any reconsenting patients, the company will conduct the necessary steps to conclude the trial and does not plan to continue studying this regimen in the unfit or frail previously untreated DLBCL patient population.

16:09 EDT Capital One reports Q2 net charge-offs $2.2B - Provision for credit losses decreased $305M to $2.5B.

16:08 EDT Valero names Gary Simmons COO - Valero Energy Corporaion announced that Gary K. Simmons, Valero's Executive Vice President and Chief Commercial Officer, has been promoted and elected by the Board of Directors as Executive Vice President and Chief Operating Officer of Valero, effective July 20, 2023. Gary has led Valero's commercial organization since 2014 and has served as Executive Vice President and Chief Commercial Officer since January 2020. In his new role as Executive Vice President and Chief Operating Officer, Gary will also have oversight responsibility for all refining operations. "Gary has done a great job during his long tenure with Valero," said Lane Riggs, Valero's Chief Executive Officer, President and member of the Board. "I look forward to continuing to work with him and our team in advancing our strategy of pursuing excellence in operations, maintaining discipline on returns and honoring our commitments to stockholders."

16:06 EDT Capital One reports Q2 net interest margin of 6.48%, down 12 bps vs. Q1

15:46 EDT Capcom says 'Resident Evil 4' remake has sold over 5M units worldwide - Capcom (CCOEY) announced that the multiplatform title "Resident Evil 4," a remake of the 2005 game of the same name, has sold over 5M units worldwide. The game launched March 24, 2023 for PlayStation 5 (SONY), PS4, Xbox Series X/S (MSFT), and PC. Reference Link

15:05 EDT Federal Reserve announces FedNow Service now live - The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year. To start, 35 early-adopting banks and credit unions, as well as the U.S. Department of the Treasury's Bureau of the Fiscal Service, are ready with instant payments capabilities via the FedNow Service. In addition, 16 service providers are ready to support payment processing for banks and credit unions. When fully available, instant payments will provide substantial benefits for consumers and businesses, such as when rapid access to funds is useful, or when just-in-time payments help manage cash flows in bank accounts. For example, individuals can instantly receive their paychecks and use them the same day, and small businesses can more efficiently manage cash flows without processing delays. Over the coming years, customers of banks and credit unions that sign up for the service should be able to use their financial institution's mobile app, website, and other interfaces to send instant payments quickly and securely. Among the early adopter financial institutions are BNY Mellon (BK), JPMorgan Chase (JPM), U.S. Bank (USB), and Wells Fargo (WFC). Service providers supporting payment processing for financial institutions include ACI Worldwide (ACIW), BNY Mellon, FIS (FIS), Fiserv Solutions (FISV), and Jack Henry (JKHY). Other publicly traded companies in the space include Visa (V) and MasterCard (MA). Reference Link

14:36 EDT Sirius XM halts again with shares up 30% to $7.15

14:27 EDT Sirius XM trading resumes

14:22 EDT Sirius XM trading halted, volatility trading pause

13:39 EDT AMC Theatres abandons Sightline at AMC pricing initiative - AMC Theatres will soon complete the Sightline at AMC pilot test program at select locations in three U.S. markets. The company said, "The results of this pilot program clarified consumer reaction to seat-based pricing within a movie theatre. Among all theatres participating in the Sightline at AMC pilot, AMC saw the following results: More than 3 out of 4 AMC Stubs members who previously purchased tickets within the Preferred Sightline sections of the theatre continued to select those seats, even with the slight upcharge applied. More than 1 out of 10 AMC Stubs members selected a seat outside the Preferred Sightline section, where there was no additional charge. AMC saw little or no incremental lift in front-row attendance, even with a price reduction applied to those seats. To ensure its ticket prices stay competitive, Sightline at AMC will not continue at the current pilot locations once the test ends in the coming weeks, and the program will not roll out nationwide. But AMC is applying its learnings as it pivots to its next innovation - enhanced spacious front row seating with extensive seat recline. Beginning in late 2023, AMC will begin testing its newest seating concept. Large, comfortable lounge style seating areas will allow guests to lay all the way back and relax. The angle of the seats will also make it more enjoyable to watch movies from these front row seats closest to the screen."

12:17 EDT SAP trading resumes

12:00 EDT SL Green Realty falls -10.1% - SL Green Realty is down -10.1%, or -$3.63 to $32.31.

12:00 EDT Discover falls -16.6% - Discover is down -16.6%, or -$20.27 to $101.58.

12:00 EDT Sunlands Online rises 9.3% - Sunlands Online is up 9.3%, or 40c to $4.70.

11:51 EDT SAP trading halted, news pending

11:43 EDT Ubisoft sees Q2 net bookings around EUR 350M

10:52 EDT United Airlines sees FY23 CapEx about $8.5B - Expects to take delivery 28 737 Max aircraft in Q3.

10:44 EDT PPG board approves 3c increase to dividend to 65c per share - The Board of Directors of PPG approved a 3c-per-share increase in the company's dividend, declaring a regular quarterly dividend of 65c per share, payable Sept. 12 to shareholders of record Aug. 10. This marks the company's 500th consecutive dividend payment, PPG said.

10:39 EDT United has adjusted down 2H23 capacity guidance, CEO says - Cites infrastructure constraints at its hubs, particularly Newark, CEO Scott Kirby says.

10:28 EDT Freeport-McMoRan says balance sheet is 'solid' - Says focused on continued success in leach efforts. Says remains focused on cost management. Says has opportunity to add 200M lbs of copper a year with very little investment through North America staffing and asset efficiency. Says leaching is a 'major value opportunity' and 'major catalyst'. Says continuing to evaluate expansion of Bagdad mine. Says making progress with Kucing Liar block cave. Says looking at investments in Bagdad, El Abra. Says has a series of U.S. brownfield opportunities. Says continues to be disciplined in approach while executing on projects.

10:09 EDT Freeport-McMoRan says 'well-positioned' for 'strong' results in 2H23 - Says production results were strong across portfolio in Q2. Says financial flexibility remains in 'great shape'. Says making 'steady' progress on smelter in Indonesia. Says expects to complete construction by 2Q24. Reports ongoing 'progress' with leach initiative. Says confidence is increasing on significant upside for leach initiative.

10:00 EDT Scynexis, Hansoh Pharma announce NMPA acceptance of NDA for ibrexafungerp - SCYNEXIS announced that China's National Medical Products Administration has accepted for review a New Drug Application for oral ibrexafungerp tablets for the treatment of adult and post-menarchal pediatric females with vulvovaginal candidiasis in the Chinese mainland. The application was submitted by partner Hansoh Pharmaceutical Group Company and is based on positive results from Phase 3 studies in which ibrexafungerp successfully achieved statistically significant superiority over placebo for the primary and key secondary study endpoints. In February 2021, SCYNEXIS entered into an agreement for the development and commercialization rights for oral ibrexafungerp in the greater China region with Hansoh Pharma. Under the terms of the agreement, Hansoh is responsible for the development, regulatory approval and commercialization of ibrexafungerp in Greater China. Ibrexafungerp, once approved, is expected to become a new, first in class anti-fungal treatment for Chinese patients with vulvovaginal candidiasis.

10:00 EDT Equifax falls -10.5% - Equifax is down -10.5%, or -$24.95 to $212.54.

10:00 EDT Direxion Daily Semiconductor Bear 3X Shares rises 6.1% - Direxion Daily Semiconductor Bear 3X Shares is up 6.1%, or 54c to $9.35.

10:00 EDT Select Medical rises 8.3% - Select Medical is up 8.3%, or $2.50 to $32.62.

09:47 EDT Berkshire Hills Bancorp falls -7.4% - Berkshire Hills Bancorp is down -7.4%, or -$1.76 to $22.13.

09:47 EDT Discover falls -12.7% - Discover is down -12.7%, or -$15.53 to $106.32.

09:47 EDT Olo rises 5.7% - Olo is up 5.7%, or 38c to $7.10.

09:40 EDT Amazon to launch pay-by-palm technology at all Whole Foods stores this year - Amazon is bringing its pay-by-palm system to all of its Whole Foods stores by the end of the year, the company announced Thursday. Amazon One lets users enter and pay for items in stores by swiping their hand over a kiosk. The company said: "Amazon One simplifies everyday interactions. It's a free, contactless service that lets you use your palm to pay, enter, or identify yourself." Reference Link

09:36 EDT NVE Corp. trading resumes

09:31 EDT NVE Corp. trading halted, volatility trading pause

09:26 EDT American Airlines says 'real interest' in taking care of pilots

09:24 EDT J&J CFO says capital allocation priorities aren't changing - J&J's CFO says in terms of M&A that the company will "always be on the hunt for real good strategic opportunities" and is "looking feverishly as we always do across MedTech and Pharm."

09:21 EDT Archer Aviation hires Uber Elevate co-founder, Nikhil Goel as CCO - Archer Aviation (ACHR) announced Nikhil Goel has joined as the company's Chief Commercial Officer. Goel will lead the execution of Archer's global commercialization efforts as the company prepares to bring Midnight to market in 2025 in the U.S. in partnership with United Airlines. Goel brings deep industry expertise to Archer after co-founding Uber (UBER) Elevate, Uber's air taxi division, and jointly authoring the Uber Elevate white paper that is widely credited with establishing the vision for the commercial eVTOL aircraft industry. As Chief Commercial Officer, Goel will be responsible for spearheading Archer's commercialization strategy with a focus on bringing New York, Chicago, Los Angeles, Miami and San Francisco online as Archer's initial domestic markets and capturing international demand by stewarding partnership opportunities across several key markets, including the Middle East, Asia, and Latin America. Goel's addition is timely as Archer is continuing to rapidly advance its commercialization efforts after receiving a $10M pre-delivery payment from United Airlines for 100 eVTOL aircraft that it anticipates deploying into the multiple point-to-point routes it has announced alongside United in the U.S.

09:18 EDT Atossa receives Health Canada approval for Phase 2 EVANGELINE trial - Atossa Therapeutics announced that Health Canada has issued a "No Objection Letter" following the Company's Clinical Trial Application for its Phase 2 EVANGELINE study. This means Atossa can open sites and enroll patients in their Phase 2 EVANGELINE study throughout Canada. The ongoing Phase 2 EVANGELINE study is a randomized non-inferiority trial of Atossa's patented Selective Estrogen Receptor Modulator, (Z)-endoxifen, and exemestane plus goserelin as a neoadjuvant treatment for pre-menopausal women with Grade 1 or 2 Estrogen Receptor positive / Human Epidermal Growth Factor Receptor 2 negative breast cancer. Participants will receive neoadjuvant treatment for up to six months, followed by surgery. The primary objective of the EVANGELINE study is to evaluate the endocrine sensitive disease rate, measured by Ki-67, after four weeks of treatment with (Z)-endoxifen compared to treatment with current standard of care, exemestane plus goserelin. The study is expected to enroll approximately 175 patients at sites across the United States and Canada.

09:17 EDT Johnson & Johnson CEO says 'nothing has changed' with respect to MARIPOSA study

09:16 EDT J&J says will be 'back in the torte system' if judge dismisses bankruptcy claims - Johnson & Johnson says if its talc-related bankruptcy plans are not approved it will be "back in the torte system" and plans to defend itself "aggressively" and successfully defend against the "vast majority of claims" if that turns out to be the case. Johnson & Johnson is speaking about its talc-related legal plans during its earnings call.

09:11 EDT Johnson & Johnson to seek appeal of talc case based on 'erroneous' rulings - Johnson & Johnson is speaking about its plans to appeal the talc case ruling during its earnings call. The verdict award will not be paid during the bankruptcy process and this recent ruling has "absolutely no impact on that process," the company added.

09:08 EDT Wrap Technologies announces widespread adoption of BolaWrap 150 - Wrap Technologies announces the widespread adoption of their BolaWrap 150 technology by law enforcement agencies. The company's commitment to a no-harm approach to law enforcement has garnered significant support from officers and communities alike. "We take pride in providing cutting-edge technology that prioritizes public safety and aligns with the needs of our customers," said Kevin Mullins, Chief Executive Officer of Wrap Technologies. "BolaWrap 150 is a testament to our commitment to listening to our customers and advancing law enforcement solutions responsibly." Mullins emphasized, "Our platform approach ensures we can swiftly deliver technological advancements to our customers, empowering officers with the tools they need to prioritize public safety. As law enforcement agencies continue to embrace the BolaWrap 150 solution, Wrap Technologies remains committed to refining their innovative products, making communities safer for all."

09:07 EDT 180 Degree Capital reports $6.22 preliminary NAV as of June 30 - "We decided to pre-announce our net asset value per share for Q2 2023 due primarily to the weakness in TURN's stock and the disconnect between share price and NAV," said Kevin Rendino, CEO of 180. "While we are frustrated with our performance in Q2 2023, we used the quarter to position TURN to benefit should certain catalysts of our holdings occur down the road. Our current belief is that some of these catalysts could materialize over the ensuing months. These catalysts primarily center around removal of capital structure overhangs through refinancing of debt, completion of strategic transactions, and/or certain companies demonstrating better corporate governance and alignment with all stakeholders. We currently believe that these catalysts, if they occur, could result in material appreciation of the value of our holdings in these companies in line with our initial investment target of at least 100%. We continue to use our constructive activism to drive these events to completion where possible." Our underperformance this quarter following outperformance last quarter was primarily due to declines in value of certain of our larger holdings and led to a gross total return of our public investments of -5.8% versus +5.3% return for the Russell Microcap Index," noted Daniel B. Wolfe, President of 180. "Company specific events at Intevac and continued weakness in the price per share of Comscore, even with significant improvements in its business-were large contributors to declines in our NAV. Strength in our holdings of Commercial Vehicle Group and Potbelly Corporation, coupled with renewed interest in D-Wave Quantum, due to its position in enabling artificial intelligence platforms, were not enough to offset our declining positions. We ended the quarter with liquid public investments representing nearly 90% of our net assets. Management continues to believe that TURN's stock does not reflect the appropriate value of the company and its holdings. As such management continued to purchase TURN in the open market in the quarter, in addition to the significant repurchase by TURN of its stock in May 2023. We believe there is no justification, despite being 280 basis points behind the Russell Microcap Index YTD, that TURN's stock price warrants an almost 30% discount to our NAV at the end of Q2 2023. Since our inception, we have generated a gross total return of +223.6% versus +47.1% for the Russell Microcap Index. Q3 2023 has started off positively for TURN and its holdings. We run a highly concentrated portfolio and our returns will always be dependent on the companies we own and not only what happens with market indices. While this period has been maddening and difficult to wade through, we believe the inherent value of the totality of our holdings can lead to a material increase in our NAV over time. We look forward to discussing these results with our shareholders and other interested parties on our Q2 2023 quarterly update call that we currently expect to hold in early-to-mid-August 2023."

09:06 EDT Keurig Dr Pepper to acquire 33% ownership of La Colombe for $300M - Keurig Dr Pepper and La Colombe announced a strategic partnership, including a long-term sales and distribution agreement for La Colombe ready-to-drink coffee and a long-term licensing, manufacturing and distribution agreement for La Colombe branded K-Cup coffee pods. Keurig Dr Pepper will also make an equity investment in La Colombe, enabling KDP to participate in the value creation upside expected from the partnership. La Colombe is an independent, high-growth, super premium coffee company that serves consumers across multiple channels, including the retail trade, branded cafes, foodservice and direct to consumer. Under the long-term sales and distribution agreement, KDP will sell and distribute shelf-stable La Colombe RTD coffee beverages in KDP's direct store distribution network, which is expected to drive meaningful growth in the brand's availability across these mainstream retail channels. In addition, KDP will manufacture, sell and distribute La Colombe branded K-Cup coffee pods, under a license agreement, in the U.S. and Canada. KDP will make a cash investment in La Colombe of $300M, in exchange for a 33% ownership stake in the company, making KDP the second largest investor in La Colombe behind its majority owner and Chairman, Hamdi Ulukaya. La Colombe plans to use the proceeds to accelerate growth and pay off debt. KDP's investment in La Colombe represents a multiple of approximately 3.0X estimated 2024 consolidated net sales. The transition of La Colombe ready-to-drink coffee distribution to KDP will begin in late 2023, while the launch of La Colombe branded K-Cup pods will occur during 2024. The equity investment, which is subject to regulatory approval, is expected to close by the end of the Q3.

09:04 EDT Red Cat's Teal 2 sUAS available for purchase through U.S.'s GSA Advantage - Red Cat announces that its military-grade sUAS, the Teal 2, is now available for purchase through the U.S. government's GSA Advantage website. GSA Advantage is an online shopping and ordering service created within the General Services Administration for use by government agencies to buy commercial products and services. "The Teal 2's compact size, advanced technology and rugged design make it ideal for the needs of the warfighter, though it's versatile enough that other federal agencies, including U.S. Customs and Border Protection, have become early-adopter customers," said Geoff Hitchcock, senior vice president of global defense solutions at Red Cat. "We're proud to now be able to directly offer the Teal 2 for sale to all U.S. government agencies through GSA Advantage."The Teal 2 is manufactured at Red Cat's purpose-built factory in Salt Lake City, Utah.

09:03 EDT CytomX Therapeutics announces new employment inducement grants - CytomX Therapeutics announced that on July 19, 2023, the Company granted its recently appointed Senior Vice President, Chief Medical Officer, Yu-Waye Chu, M.D., an option to purchase 375,000 shares of the Company's common stock and also granted an additional new employee options to purchase 2,500 shares of the Company's common stock, at an exercise price per share equal to $1.82, which was the closing trading price on July 19, 2023, the date of the grants. The stock options were granted pursuant to the Company's 2019 Employment Inducement Incentive Plan, which was approved by the Company's board of directors in August 2020 under Rule 5635(c)(4) of The Nasdaq Global Market for equity grants to induce new employees to enter into employment with the Company.

09:03 EDT NextNav confirms successful initial tests of accurate 3D PNT service - NextNav has announced that it has successfully tested its positioning and timing solution that combines the company's assured PNT, position, navigation and timing, TerraPoiNT system with existing LTE and 5G network signals. The test, which took place in and around San Jose, California, demonstrates how TerraPoiNT signals can be integrated with existing cellular signals to deliver accurate 3D positioning and timing information that is not reliant on conventional satellite-based GPS and GNSS signals. "Whether its utilities, banks, data centers, transportation, or emergency services, critical infrastructure today is reliant on GPS for position, navigation and timing services, making it highly vulnerable to GPS as a single point of failure" said Ganesh Pattabiraman, Co-Founder and CEO of NextNav. "With this integration we have demonstrated a highly scalable and lower cost alternative - a 3D PNT solution which overcomes the vulnerabilities of GPS with a complementary ground based resilient PNT layer that extends PNT capabilities in urban and indoor environments ."

09:02 EDT Can B Corp. secures 1.8M lbs. of biomass for awarded contract - Can B announced its newly awarded contract with One Bad Moon Rising and purchase of 1.8 million pounds of biomass. To initially service the contract, Can B purchased 1.8 million pounds of biomass that is ready for immediate processing. The biomass is stored indoors in 1,000-pound supersacks in Ft. Morgan, Colorado.

09:01 EDT J&J says launch of Kenvue exchange offer could come as soon as 'coming days' - Johnson & Johnson CFO Joe Wolk made the comments while speaking on the company's Q2 earnings call.

08:57 EDT Oconee Federal Financial Corp to delist common stock from Nasdaq - Oconee Federal Financial Corp announced that it has notified Nasdaq of the company's intent to voluntarily delist its common stock from Nasdaq. The company further intends to withdraw the registration of its common stock with the SEC under the Securities Exchange Act of 1934, as amended.

08:50 EDT Amprius' batteries power first stratospheric flight for BAE Systems drone - Amprius Technologies (AMPX) announced that its high-density batteries played a significant role in powering BAE Systems' (BAESY) first successful stratospheric flight trial. PHASA-35, the High-Altitude Pseudo Satellite HAPS Uncrewed Aerial System designed by BAE Systems' subsidiary Prismatic Ltd., is planned to operate above the weather and conventional air traffic. During a recent test flight, the PHASA-35 crossed an altitude of more than 66,000 feet, reaching the stratosphere, before landing successfully. The trial, completed last month in New Mexico, allowed engineers to assess the experimental solar-electric drone within the edges of the planet's atmosphere. "Amprius is proud to be recognized as a key partner to BAE Systems supporting their development of the PHASA-35(R)," said Dr. Kang Sun, Chief Executive Offer of Amprius. "This ultralight platform provides an alternative and flexible approach to traditional systems such as satellites or conventionally powered aircraft. As we develop our next-generation of industry-leading silicon anode batteries, we look forward to helping BAE Systems and Prismatic further enhance the capabilities of their PHASA-35 aircraft."

08:48 EDT Grid Dynamics enters Microsoft's Azure Migration and Modernization Program - Grid Dynamics Holdings announced its entry into Microsoft's Azure Migration and Modernization Program. This innovative partnership program helps accelerate and simplify clients' migration & modernization of cloud workloads and includes a range of training, services, and financial support for transformation programs. As a member of this exclusive program, Grid Dynamics enables its clients to accelerate time to value on cloud transformation programs-freeing up investment for more advanced & disruptive digital transformation projects with Grid Dynamics.

08:47 EDT Centamin announces agreement for Egyptian mining regulatory framework - Centamin announces that the framework for the model mining exploitation agreement has been agreed in principle with the Egyptian Ministry of Petroleum & Natural Resources and the Egyptian Mineral Resources Authority. The MMEA sets out the legal and fiscal framework that will apply to commercial discoveries made on the highly prospective c.3,000km2 of ground awarded to Centamin in 2021 for exploration in the Eastern Desert of Egypt. Alongside industry partners, Martin Horgan, Centamin CEO, and the Egyptian Minister of Petroleum & Natural Resources, His Excellency Eng Tarek El-Molla, have jointly reached an agreement in principle on the fiscal and regulatory terms associated with the exploitation phase of new mining projects in Egypt. Following routine Egyptian government and legal procedures, the MMEA will be ratified as a Special Law by the Arab Republic of Egypt in late 2023. The MoP has been clear in its vision to create a thriving mining industry for the benefit of Egypt and its people. Centamin shares this vision and strongly believes that mining can fulfil its true potential in Egypt through employment, education and training, and direct financial and infrastructure investment to support the MoP's target for the mining industry to contribute 5% of the country's GDP by 2030.

08:45 EDT American Airlines says 'on track' to deliver on FY guidance given in January

08:44 EDT Freeport-McMoRan sees FY23 CapEx $3.2B excluding smelter projects - Sees 2023 copper sales 4B lbs., 2024 copper sales 4.2B lbs and 2025 copper sales 4.2B lbs. Sees 2023 gold sales 1.75M ozs, 2024 gold sales 1.8M ozs. and 2025 gold sales 1.6M ozs. Sees 2023 molybdenum sales 79M lbs., 2024 molybdenum sales 85M lbs. and 2025 molybdenum sales 90M lbs. Sees 2024 Capex $3.8B. Comments taken from presentation slides for Q2 earnings conference call.

08:42 EDT Pasithea special committee rejects unsolicited bid from Lucy Scientific - Pasithea Therapeutics (KTTA) confirmed that an independent special committee of its Board of Directors thoroughly reviewed and rejected an unsolicited, non-binding proposal from Lucy Scientific Discovery (LSDI) to acquire all outstanding shares of Pasithea common stock for per share consideration consisting of $0.60 in cash plus $0.25 worth of Lucy common stock. After a comprehensive review, conducted in consultation with its independent financial and legal advisors, the Special Committee determined that the Lucy proposal does not reflect Pasithea's strategic value and prospects for continued growth and, as such, is not in the best interests of the Company or its stockholders.

08:40 EDT Jupiter appoints Gulyas to board of directors, Pascucci to advisory board - Jupiter Wellness announced the appointment of John Gulyas to its Board of Directors and Rich Pascucci to its Advisory Board. Both are formerly from GBB Drink Lab, creator of Safety Shot, the world's first rapid blood alcohol detoxification drink recently acquired by Jupiter Wellness. Currently, John is the CEO and founder of 2v consulting. Rich Pascucci is an active advisor with a wealth of leadership experience in the beverage industry. Currently, he is the owner of Black Apple Group.

08:39 EDT Array Technologies, Lock Joint Tube collaborate on new steel tube mill in Texas - Array Technologies entered into an agreement with Lock Joint Tube, a manufacturer of mechanical and structural-grade steel tubing, to secure supply from a new steel mill in Texas dedicated to manufacturing utility-scale solar tubing. Located in Temple, Texas, where Lock Joint Tube has established operations, the new mill will use locally sourced steel in the production of solar tubing in response to domestic content requirements in the Inflation Reduction Act. "Lock Joint Tube's newest mill will provide Array with domestic tubing under the IRA, which our customers are demanding in this high-growth market for utility-scale solar," said Kevin Hostetler, Chief Executive Officer at Array Technologies. "This investment in American manufacturing will provide jobs aligned with the renewable energy market to the local community, boost the integrity of the domestic solar supply chain, and support Array's continued expansion in the U.S., including in Texas and throughout the central U.S."

08:38 EDT Robinhood Money Drills partners with University of Memphis - As part of its flagship Robinhood Money Drills initiative, Robinhood Markets is partnering with the University of Memphis to launch a program to make financial education coursework available to the university's student-athletes. On July 20, 2023, Robinhood and the University of Memphis will host an on-campus event with University academic and athletic staff, alumni and student-athletes to celebrate the launch of the four-year long partnership. Robinhood will provide funding to support additional course sections of personal finance classes and offer guest lecturers to discuss financial education.

08:36 EDT Society Pass's NusaTrip acquires Vietnam International Travel, Service JSC - NusaTrip, the online retail arm of Society Pass Incorporated, announces that it has acquired Vietnam International Travel and Service JSC, VIT, an IATA-licensed, full-service travel agency focused on marketing to the Vietnam inbound and outbound segments. NusaTrip previously acquired VLeisure, Vietnam's leading provider of hotel management and payment solutions, in April 2023. Patrick Soetanto, NusaTrip CEO, comments on the acquisition, "VIT is the first IATA-licensed travel acquisition we have made outside of Indonesia. Our business plan calls for acquisitions of other IATA-licensed travel agencies throughout Asia Pacific in 2023, including Philippines, Thailand, Singapore, Malaysia, Hong Kong, China, India and UAE, as we position NusaTrip to be the premier travel hub in SEA. According to Phocuswright, gross bookings in SEA by 2025 will reach 94% of the record 2019 level and digital transformation will accelerate rapidly across SEA, with online bookings more than doubling between 2022 and 2025. Effectively, the region has reverted back to pre-pandemic levels. We are growing NusaTrip at the opportune time."

08:34 EDT T2 Biosystems receives FDA Breakthrough Device designation for C. auris test - T2 Biosystems announced the U.S. Food and Drug Administration, FDA, has granted Breakthrough Device designation for the Company's Candida auris, C. auris, direct-from-blood molecular diagnostic test. This marks the third T2 Biosystems' product to receive FDA Breakthrough Device designation, as the Company was previously granted FDA Breakthrough Device designation for its T2Resistance Panel and T2Lyme Panel. "We are pleased with the FDA's decision to grant Breakthrough Device designation for our Candida auris test, which provides greater and more frequent access to the FDA and may accelerate our path to FDA clearance," stated John Sperzel, Chairman and CEO of T2 Biosystems. "We believe adding Candida auris to the test menu on our FDA-cleared T2Dx Instrument will provide clinicians with a valuable tool to rapidly detect a dangerous, multidrug-resistant fungal pathogen much faster than blood culture-based methods, strengthening our value proposition and increasing the attractiveness of our products to U.S. hospitals."

08:32 EDT Safe & Green provides update on planned spinoff of SG DevCo - Safe & Green provided an update on the planned spinoff of Safe & Green Development Corp to become a standalone company listed on Nasdaq, and the process for distribution of SG DevCo shares to Safe & Green Holdings shareholders. As previously announced, the company plans to distribute 30% of SG DevCo to its current shareholders, with Safe & Green Holdings retaining 70%. A third-party fairness opinion has valued SG DevCo's fair market value at $74M. The company is awaiting final review and approval of the transaction by Nasdaq, which it expects to receive in the coming weeks. Once the transaction receives Nasdaq approval, the company will move forward with its plan to list SG DevCo on the Nasdaq exchange by announcing the record date and anticipated listing date, within approximately 30 days of Nasdaq's approval of the transaction. Safe & Green Holdings plans to distribute the shares of SG DevCo on the distribution date to holders of record as of the close of business on the yet-to-be-announced record date. The distribution is expected to be completed following the Nasdaq market closing on the Distribution Date. Safe & Green Holdings' transfer agent and registrar, American Stock Transfer and Trust Company, LLC, will serve as transfer agent and registrar for SG DevCo as well, and act as distribution agent in connection with the Distribution.

08:30 EDT NHTSA: Tesla recalling 16,000 vehicles due to fault with seat belts - Tesla is recalling up to 15,869 2021-2023 Model S and Model X vehicles due to a fault with the seat belts, according to a NHTSA filing. Front-row seat belts may not be connected properly to the pretensioner anchors, which can cause the seat belts to detach, according to the filing. The company will also recall as many as 1,337 2023 Model S, Model X, and Model Y vehicles as the forward-facing camera may be misaligned.

08:22 EDT SKYX Platforms appoints Khadija Mustafa as senior tech, AI - SKYX Platforms announced that Khadija Mustafa - former AI and global business leader at Microsoft - has been appointed as a Senior Tech, AI and Global Business Advisor to SKYX. Mustafa has served in varying senior roles at Microsoft for the last 23 years spanning AI, Enterprise and Public Sector segments, hardware and devices, and supply chain. Her most recent position was Head of Global AI Sales, Customers & Partner Ecosystem in Industrial Metaverse Core, Cloud and AI Division.

08:16 EDT Grifols announces its Phase 4 trial of XEMBIFY met its primary endpoint - Grifols announced that its recently concluded phase 4 trial evaluating a biweekly dosing of XEMBIFY has met its primary endpoint. It has demonstrated that patients with primary immunodeficiencies treated with this subcutaneous 20% immunoglobulin product every two weeks achieved non-inferiority in total Ig levels compared with those who received the medication weekly. The phase 4 trial also demonstrated similarly good safety and tolerability profiles between biweekly and weekly administration. It was a multicenter, single-sequence, open-label clinical study that included 27 subjects across 18 U.S. sites. Results will support the potential product labeling extension of XEMBIFY to include biweekly dosing, pending review and approval by the United States Food and Drug Administration. This option is already available in the European markets where it is authorized.

08:14 EDT Comera Life Sciences announces collaboration with QCL - Comera Life Sciences announced a partnership with Quality Chemical Laboratories, QCL, to manufacture one of Comera's lead SQore excipients, as part of a broader strategy to secure the GMP manufacturing and supply chain of key proprietary technology owned by the Company. "QCL is pleased to leverage its strong synthetic and analytical chemistry expertise to advance Comera's technology platform," said Dr. Yousry Sayed, President and CEO of QCL. "There has been a growing trend towards bringing back manufacturing of critical, high-value technologies such as pharmaceuticals to the United States to reduce supply risk, ensure high quality production and improve regulatory compliance. We are pleased to work with Comera on this important initiative to help them secure the supply, distribution and quality of their key technologies."

08:14 EDT Orion Energy commences onsite installation for $9.6M contract for U.S. DoD - Orion Energy Systems announced that it has commenced on-site installation activities for a previously announced $9.6 million contract for LED lighting retrofits at five Department of Defense, DoD, bases in Europe. The turnkey retrofit program includes site audits, engineering, project management, replacement of over 60,000 fixtures with its highly efficient LED lighting systems and final system commissioning. These projects were secured through a global ESCO based in Europe. Following initial activities in Q4'23 and Q1'24, Orion continues to expect to complete the project over the balance of its current fiscal year which ends March 31, 2024. "We are thrilled to leverage our extensive experience working with the U.S. Department of Defense to support their energy efficiency, workplace environment, and safety objectives," stated Mike Jenkins, CEO of Orion. "The start of this turnkey LED installation is a significant milestone we have been working toward for several years. It was made possible through strong relationships with our ESCO partners and marks our first venture in Europe for the DoD. We are delighted to witness the growth of our collaboration with our global ESCO partner and are currently exploring future opportunities across their diverse operation."

08:11 EDT Xwell debuts Clockwork robotic manicures at Miami International Airport - XWELL launched the use of Clockwork's next generation, fully autonomous, AI-powered express manicure in the XpresSpa location at Miami International Airport (MIA) in Miami, Florida. MIA's North Terminal, Concourse D is the second airport location in the world to feature robot manicures following the debut at John F. Kennedy International Airport's Terminal 4 in March 2023.

08:11 EDT Arcadia Biosciences announces strategic review - Arcadia Biosciences disclosed that it has initiated a process to explore a range of potential transactions and alternative strategies focused on maximizing long-term shareholder value. As part of this process, the company will explore strategic options that may include the potential for an acquisition, company sale, merger, business combination, asset sale, joint venture, licensing arrangement, capital raise or other strategic transaction. Lake Street Capital Markets will act as Arcadia's financial advisor with respect to the strategic review process. There can be no assurance that this exploration of strategic alternatives will result in the company entering or completing any transaction, and no timetable has been set for the conclusion of the strategic review.

08:10 EDT Verses AI presents novel theories at ASSC - VERSES AI announces presentation of its developments and contributions at the Association for the Scientific Study of Consciousness. The 26th annual meeting of the Association for the Scientific Study of Consciousness, held at New York University, last month, welcomed a variety of distinguished keynote speakers, presenters and philosophers including Thomas Nagel, David Chalmers and two contributors from VERSES -Director of Product, Mahault Albarracin, and Senior Researcher, Alex Kiefer, who presented novel and potentially disruptive theories in cognitive neuroscience. Albarracin presented findings on a model of consciousness derived from the free-energy principle. After outlining the classical and quantum formulations of FEP, Albarracin discussed its implications on the sparse, nested and hierarchical neuro-anatomy of the brain. The highlight of Albarracin's presentation was the examination of the holographic structure of the brain and how it supports overt and covert action. The research connects our understanding of human consciousness with AI development, fostering a novel approach to AI at VERSES. Kiefer, stationed at Monash University, challenged traditional cognitive science debates, asserting that 21st-century advancements in the theory of cognitive systems, particularly those linked with sophisticated AI and machine learning, have rendered two "outdated" dichotomies. The first dichotomy Kiefer dismantled was between iconic and discursive representations or representational formats. The second, was between formal, rule-governed processes or state transitions and associative ones. Kiefer's talk elucidated the role and function of vector space embeddings - common elements in all successful deep learning systems - as being more flexible and capable than traditionally recognized. He presented four key theses highlighting the capabilities of vector space representations and their roles in modern paradigms in cognitive science. Kiefer's research aims to broaden our understanding of AI, offering insights into the workings of advanced systems.

08:08 EDT Alpha Teknova, Sartorius BIA Separations share data on AEX platform - Alpha Teknova and Sartorius BIA Separations shared new data that demonstrates the ability to improve the recovery of full AAV capsids during anion-exchange, AEX, purification, which will help gene therapy companies streamline the downstream processing workflow. Teknova presented the findings from the companies' first collaboration earlier this week during a presentation entitled, "Enhancing AAV Full Capsid Enrichment with an Optimized AEX Platform: A Case Study." After identifying capsid enrichment as a critical pain point in the AAV gene therapy workflow, Teknova and Sartorius BIA Separations began working together to address the challenges gene therapy developers face. By using a robust design of experiments approach, the companies were able to achieve more than 85 percent full capsid enrichment with 80-95 percent recoveries using custom Teknova buffers along with the Sartorius BIA Separations CIMmultus QA monolith for the polishing step, given a specific starting material of AAV8 that contained 46 percent full capsids. The buffers and parameters discovered in this study were then further optimized to create a first-of-its-kind product available off-the-shelf for gene therapy developers: Teknova's AAV-Tek AEX Buffer Screening Kit for AAV8.

08:07 EDT Harmony completes End-of-Phase 2 meeting with FDA for pitolisant - Harmony Biosciences Holdings has successfully completed an End-of-Phase 2 meeting with FDA regarding its clinical development plan evaluating pitolisant as a potential treatment for excessive daytime sleepiness, or EDS, in patients ages six and older with Prader-Willi syndrome, or PWS. Harmony plans to initiate a Phase 3 registrational study in the Q4. Based on a positive signal observed from the Phase 2 proof-of-concept study, Harmony aligned with the FDA on the proposed Phase 3 study design elements to support further investigation of pitolisant for children, adolescents and adults with PWS experiencing EDS. There is currently no FDA-approved treatment for EDS in this patient population.

08:07 EDT Motus GI announces purchase agreement for Pure-Vu System from Banner Desert - Motus GI announced that Banner Desert Medical Center has purchased and initiated the implementation of the Pure-Vu System with the aim of improving efficiencies and clinical outcomes of inpatient colonoscopy procedures for patients who present with inadequate bowel preparation. Banner Desert Medical Center is a state-of-the-art 615-bed short-term acute care hospital located in Mesa, Arizona. "We are excited to engage the GI team at Banner Desert Medical Center as they implement the Pure-Vu System. As the first center in the Banner Medical network to purchase our system, we look forward to leveraging the success of their program to expand into additional medical centers within Banner's broad network across several western states, including Arizona, Colorado, and Wyoming," stated Mark Pomeranz, Chief Executive Officer of Motus GI. "Over the past year, our commercial team has successfully expanded the number of placements of the Pure-Vu system within several large regional, multi-center integrated delivery networks across the U.S."

08:05 EDT Longeveron appoints Locklear as Chief Financial Officer - Longeveron (LGVN) announced the appointment of Lisa Locklear as Executive Vice President and Chief Financial Officer. The appointment is effective as of July 31, 2023. Locklear joins Longeveron from Avanir Pharmaceuticals, a subsidiary of Otsuka (OTSKY), where she served as Senior Vice President and CFO.

08:05 EDT Gorilla enters strategic relationship with British Telecom - Gorilla Technology Group announced a strategic relationship with British Telecom to deliver an innovative Container Identification and Container Damage Detection solution. This groundbreaking collaboration, which is being actively deployed and tested at the Port of Tyne in Northern England, combines Gorilla's expertise in video analytics with BT's extensive network infrastructure, enabling a comprehensive solution that addresses the critical needs of the logistics industry. With the global container shipping industry experiencing unprecedented growth, it has become increasingly challenging for stakeholders to efficiently manage container identification and detect potential damages. Traditional manual inspection methods are time-consuming and prone to human error, leading to significant operational inefficiencies and financial losses. To tackle this industry-wide challenge, Gorilla and BT have joined forces to develop an intelligent, automated solution that leverages advanced video analytics technologies. The container identification and container damage detection solution developed by Gorilla harnesses the power of Artificial Intelligence and machine learning algorithms to analyze video footage captured at various stages of the container management process. By leveraging BT's robust network infrastructure and Gorilla's state of the art video analytics platform, the solution can accurately and rapidly identify containers, track movements, and detect any signs of damage or tampering. The solution is currently being deployed at the Port of Tyne.

08:04 EDT Replimune Group director Sander Slootweg to depart - Replimune Group announced Sander Slootweg, founder and managing partner at Forbion, will not seek to be reappointed as a non-executive director at the end of his current term at the company's upcoming annual general meeting.

08:03 EDT Enphase Energy, BayWa r.e. expand distribution partnership - Enphase Energy announced that Enphase has expanded its global relationship with renewable energy company BayWa r.e. to distribute Enphase's family of IQ8 Microinverters in Poland, including the latest models with peak output AC power of up to 384 W to support newer high-powered solar modules.

07:52 EDT The Hanover sees Q2 catastrophe losses $262M - The Hanover Insurance Group announced a preliminary estimate for Q2 quarter catastrophe losses of approximately $262M, before taxes, or 18.5 points of net earned premium. Q2 catastrophe losses stemmed from 19 convective storms across multiple states, with hail damage representing the majority of reported losses and primarily impacting the company's Personal Lines business. "We experienced significant catastrophe losses in the second quarter, which according to industry estimates, is expected to be the worst Q2 for U.S. catastrophe losses since 2011, and potentially the industry's costliest quarter for hail losses in history," said John C. Roche, president and CEO. "Our CAT losses reflect the impact of severe weather, notably the prevalence and severity of hailstorms in Michigan, where we have our largest Personal Lines presence. Excluding catastrophes, our second quarter results are in line with our expectations, due to solid net investment income and strong results in our Specialty and Core Commercial businesses, partially offset by the continuing impact of inflationary trends in Personal Lines." Taking catastrophe loss estimates and other currently available information into account, The Hanover expects to report a Q2 combined ratio of 111.3%, and combined ratio, excluding catastrophes, of 92.8%. The Hanover also expects to report an after-tax net loss per basic share of ($1.94) and operating loss per basic share of $(1.91) for the Q2.

07:44 EDT Webster Financial sees Fy23 loan growth 4%-6%, core deposit growth 8%-10% - Sees FY23 NII $2.35B-$2.375B non-FTE, excluding accretion. Sees FY23 non-interest income $355M-$365M, with adjusted expenses $1.2B-$1.225B and an efficiency ratio 40%-42%. The firm's long-term CET1 capital ratio target is 10.5%. Comments taken from Q2 earnings conference call presentation slides.

07:39 EDT Kelly Services announces workforce reduction and strategic restructuring plan - Kelly announced strategic restructuring actions that will further optimize the company's operating model to enhance organizational efficiency and effectiveness. These actions are part of the comprehensive transformation initiative the company announced in May to drive EBITDA margin improvement and accelerate long-term profitable growth. The strategic restructuring actions realign business-critical resources to Kelly's business units, streamline corporate resources, reduce redundant organizational layers, and optimize work processes. These structural changes simplify the company's operations and unlock additional resources to invest in growth. As a result of these actions, the company has implemented a workforce reduction plan and notified affected employees in accordance with applicable employment laws and regulations. Employees whose roles were included in the workforce reduction are eligible for applicable severance, benefits, and outplacement services. As a result of the strategic restructuring actions, Kelly expects to see meaningful expansion of its EBITDA margin beginning immediately with substantial improvement in the second half of 2023 and beyond. The company expects to incur a restructuring charge from these actions in the range of $7.5M-$8.5M in the Q3. Peter Quigley, CEO, and Olivier Thirot, executive vice president and CFO will provide additional details about the strategic restructuring as it relates to the company's ongoing transformation, including expectations for EBITDA margin improvement, during its upcoming Q2 conference call.

07:34 EDT ARway.ai secures $500,000 annual license agreement with Map D - ARway.ai (ARWYF) announced a partnership with Map D, an event technology company wholly owned by Nextech3D.ai (NEXCF). This strategic collaboration aims to disrupt the lucrative trade show industry through the introduction of ARway's cutting-edge augmented reality indoor navigation system. Under the terms of the license agreement, ARway will receive monthly payments totaling $41,666 for a duration of 12 months, amounting to a minimum guarantee of $500,000. Furthermore, should sales exceed $500,000 within any 12-month period, ARway will be entitled to a 10% royalty. Throughout the term, ARway will deliver comprehensive customer support and technical assistance to ensure a seamless integration and optimal experience for all stakeholders.

07:22 EDT Zentek, McMaster announce results for aptamer-based technology - Zentek announcedthat its aptamer platform under global exclusive license from McMaster University has been tested as a potential prophylactic or therapeutic for SARS-CoV-2 in pre-clinical animal models. In repeat trials, the aptamers developed by Dr. Yingfu Li demonstrated similar efficacy against SARS-CoV-2 when benchmarked against a commercial monoclonal antibody. This new aptamer, based on a novel approach, was developed under the exclusive worldwide 20-year license agreement between Dr. Li's lab at McMaster and Zentek first announced on June 17, 2021. Dr. Yingfu Li's team developed a series of aptamers with high-binding affinity with the SARS-CoV-2 spike protein. In February 2023, the best performing aptamer against all variants of SARS-CoV-2 was tested in vitro to assess the neutralizing of the virus by the aptamer in Vero cells. With strong results, Zentek was motivated to move into in vivo trials. Dr. Matthew Miller, the Canada Research Chair in Viral Pandemics and the director of the Michael G. DeGroote Institute of Infectious Disease Research designed and supervised all of the pre-clinical trials. The first pre-clinical trial included three groups of mice: Group A, which was a control group and received no prophylactic treatment, Group B, which received a commercial monoclonal antibody that was a leading antibody for the original SARS-CoV-2 strain until it was rendered ineffective due to antigenic changes in Omicron sublineages,and Group C, which received an aptamer designed by Dr. Li's team. All groups were infected with SARS-CoV-2. After four days, the mice that received the antibody and aptamer treatment had minimal weight loss, while the control group had a 10% body weight decline. In addition, the viral burden of the control group was measured at 10,000 PFU per lung. Significantly, the viral burden was undetectable in the lungs of the mice treated with the antibodies or the aptamer. Based on these results, an additional trial was completed following the same procedure with a lethal challenge dose of SARS-CoV-2 where the mice were once again divided into three groups: control, antibody, and aptamer treatment. The control or untreated group lost 20% of their body weight after four days and all mice reached humane endpoints. The groups receiving either the aptamer or antibody treatment had less than a 5% reduction in bodyweight after the four days. The gross pathological assessment of these lungs at day 4 post-infection indicated that the aptamer, like the antibody, completely protected the lungs from any observable tissue damage. The control group's lungs on the other hand had evidence of significant hemorrhaging. In addition, the antibody and aptamer prophylactic provided sterilizing protection where no detectible viral titers were measurable, demonstrating similar performance between the commercial monoclonal antibody and the Li Lab aptamer. Aptamers are synthetic single stranded DNA or RNA type molecules that are built from the same building blocks of human DNA or RNA; hence offering a significant positive safety profile and have already demonstrated such safety. The 2018 article entitled "Pharmacokinetics, Pharmacodynamics, and Safety of Aptamers" by Kovacevic et al. stated that aptamers are considered to be generally safe based on multiple studies of aptamers for therapeutic use. Reference to toxicology studies and off-target side effects also lead to the concluding statement that generally, the safety of aptamers is very good. Given the significance of these results and based on the importance of this opportunity, a pre-clinical plan is being formulated for the development of a COVID-19 therapeutic/prophylactic based on the Dr. Li aptamers. Dr. Li is also working on other targets for aptamer treatments, and these are under early investigation.

07:17 EDT White Gold commences maiden RAB drill program on Wolf, Toonie properties - White Gold Corp. (WHGOF) provides an update on regional components of the 2023 exploration program (Figure 1) which are designed to test several of White Gold's most prospective, yet relatively untested soil geochemical targets which are sizeable enough geochemical footprints that, if successful, could be capable of hosting significant deposits. As part of this regional program, the Company designed a maiden Rotary Air Blast drilling on the Wolf and Toonie properties to test large soil geochemistry anomalies on both properties, identified through the Company's systematic exploration approach that has led to several other discoveries on its other properties. Maiden RAB drilling has commenced on the Wolf Property on the Taurus target, a large approximately 2 km long by 0.5 km wide, northeast-trending gold in soil anomaly, with maximum values of 358 ppb Au and multiple anomalous GT probe sampling results. On the Toonie Property, maiden RAB drilling is currently underway on the Deux target located in the northwestern region of the property and forms a 1.5 km by 0.5 km east-west trending multi-element soil anomaly, including maximum values of 156 ppb Au. This work forms part of the Company's fully funded 2023 exploration program backed by strategic partners Agnico Eagle Mines (AEM) and Kinross Gold Corporation (KGC). The Company's land package represents over 40% of the emerging White Gold District in Yukon, Canada in which the Company has made several high grade gold discoveries such as Betty Ford, Ryan's Surprise & Vertigo, and has significantly increased resources at the Company's flagship White Gold Project which now comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category and remains open for expansion. Highlights: Maiden RAB drilling of 300 m at the Wolf property on the Taurus target, where the four RAB holes were designed to test a large 2 km long by 0.5 km wide gold in soil anomaly, with maximum values of 358 ppb Au, along strike and the dip of the zone at depth. Maiden RAB drilling of 300m at the Toonie property on the Deux target, which hosts a 1.5 km by 0.5 km multi-element soil anomaly including maximum values of 156 ppb Au, with holes placed to test the full 1.5 km strike length of the anomaly. All RAB holes are imaged with downhole optical televiewer, which provides optical records of the borehole wall, to allow for real-time detailed structural analysis and interpretation as drilling progresses. RAB drilling at both the Wolf and Toonie properties have been awarded Yukon Mineral Exploration Program grants for Target Evaluation. Results on the Company's 2023 exploration program, including the recently completed diamond drilling at the Betty Ford and Vertigo targets will be announced in due course. Maiden diamond drilling on the Cali Target located on the Nolan property will test a 2km long gold and multi-element soil anomaly is set to commence in coming weeks, with further details announced in due course. Other components of the regional exploration program include Induced Polarization - Resistivity ground geophysical surveys over the large Copper-Molybdenum porphyry targets located on the Pedlar and Hayes properties, and additional work to generate new targets for future drill testing including geological mapping and prosecting, soil geochemistry surveys, and ground magnetics and VLF-EM surveys with additional detail to be provided in the coming weeks.

07:15 EDT ZeroFox contributes to open source OWASP Amass Project - ZeroFox highlights its recent contributions to the OWASP Amass Project in an ongoing effort to give businesses and government entities better visibility to their full external attack surface asset ecosystem. The recent additions to the project from the ZeroFox team provide more advanced tool sets for analysts to discover and catalog their internet-facing assets and exposures. The contributions create a new standard framework to lead the industry in a more cohesive approach to attack surface management. The Open Asset Model and Asset Database contributions offer security analysts a unified and structured approach to identifying and managing potential vulnerabilities outside the perimeter. The Open Asset Model provides a new standard for asset definitions, representing a comprehensive framework for describing and categorizing diverse internet-facing assets. The Amass community can quickly adapt the model to include new types of assets exposed on the Internet, and their relationships to each other, for more accurate discovery, tracking, monitoring, and management. These contributions directly benefit both existing Amass users and the broader attack surface management community in an effort to standardize asset definitions. The new standards now provide the information security community with a consistent and predictable format when transferring data describing external attack surfaces.

07:14 EDT OraSure elects McMahon to its board of directors - OraSure Technologies (OSUR) announced the election of Robert McMahon, CMA, MBA, to the Company's Board of Directors, effective July 31, 2023. Including McMahon, the company's Board of Directors has seven members. McMahon is Senior Vice President and Chief Financial Officer for Agilent Technologies (A) where he is responsible for Finance, Audit, Treasury, Tax, and Investor Relations.

07:12 EDT KeyCorp sees Q4 NII flat to down 2% vs. Q3 - Sees noninterest income up 4%-6% vs. Q3, with average loans down 1%-3% and relatively stable noninterest expense. The bank sees a GAAP tax rate of 18%-19% in Q4.

07:11 EDT Clearside's Suprachoroidal Injection platform to be featured at ASRS, OIS - Clearside Biomedical announced today that presentations will be delivered at the American Society of Retina Specialists, ASRS, 41st Annual Scientific Meeting and the Ophthalmology Innovation Source, OIS, Retina Innovation Summit taking place July 27 - August 1, 2023 in Seattle, WA.

07:10 EDT Gilat Satellite selected by Tier 1 global telecommunications operator - Gilat Satellite Networks announced that a Tier 1 global telecommunications operator chose Gilat for the satellite connectivity of a major utility company in Western Europe. The global telecommunications operator is using Gilat's SkyEdge II-c platform to provide mission-critical, all-weather IoT telemetry across hundreds of remote sites on its utility customer's national network. "Now that this solution is implemented, the leading telecommunications operator will be able to use our platform for expansion into other applications, such as cellular backhaul and emergency response, as well as other types of IoT applications," said Yossi Gal, Vice President of Regional Sales at Gilat. "With proven expertise, a can-do attitude, and a winning global team, we are bringing real value to this important global customer."

07:09 EDT Newmont says outlook reflects increasing gold production - The company said, "Newmont's outlook reflects increasing gold production and ongoing investment into its operating assets and most promising growth prospects. Newmont's reserves and mine planning gold price assumption has been set at $1,400 per ounce. 2023 outlook assumes a $1,700 per ounce revenue gold price for CAS and AISC, including royalties and production taxes. For 2023, Newmont has assumed normalizing levels of inflation, improving throughout the year, with a year-over-year average escalation rate of approximately 3 percent. Outlook includes development capital, costs and production related to Tanami Expansion 2, Ahafo North, Pamour and Cerro Negro District Expansion 1. Longer-term development capital outlook has been updated to reflect the deferral of the investment decision for the Yanacocha Sulfides project, which has reduced expected capital spend by $300 million in 2024. Additional development capital spend and all metal production for Yanacocha Sulfides has been excluded from longer-term outlook until an investment decision has been reached."

07:09 EDT Philip Morris sees strong 2H23 organic adjusted operating income growth - Sees strong second-half 2023 organic adjusted operating income growth that supports second-half adjusted operating income margin expansion on the same basis, with notably strong performance in the fourth quarter.

07:07 EDT ISS recommend Spectrum stockholders vote for Assertio transaction - Spectrum Pharmaceuticals (SPPI) announced that the leading independent proxy advisory firms, Institutional Shareholder Services, and Glass Lewis have each recommended that Spectrum stockholders vote "FOR" the proposal to adopt the Agreement and Plan of Merger at the upcoming special meeting of stockholders on July 27. Under the terms of the Merger Agreement, Assertio Holdings (ASRT) would acquire all outstanding shares of Spectrum in an all-stock and contingent value rights transaction. The upfront consideration represents a premium of 65% and the total potential consideration represents a premium of 94% to Spectrum's closing price on April 24.

07:05 EDT American Airlines continues to execute on plan to pay down $15B of debt - The company said, "American generated operating cash flow and free cash flow of nearly $1.8 billion and $1.2 billion, respectively, in the second quarter. The company reduced total debt4 by $387 million in the quarter. Strengthening the balance sheet continues to be a top priority, and American is nearly two-thirds of the way to its goal of reducing total debt by $15 billion by the end of 2025. As of June 30, 2023, American had reduced its total debt by approximately $9.4 billion from peak levels in mid-2021. The company's commitment to strengthening its balance sheet is being recognized, as evidenced by Fitch upgrading the company's rating two notches, to B+. The company ended the quarter with approximately $14.9 billion of total available liquidity, comprised of cash and short-term investments plus undrawn capacity under revolving and other short-term credit facilities."

07:04 EDT American Airlines reports operating margin of 15.4% for Q2 - The company said, "American produced record quarterly revenues of $14.1 billion in the second quarter. The strong revenue performance was driven by continued broad-based demand strength and American's completion factor performance in the quarter. Demand was particularly strong in the month of June driven by an increase in close-in bookings. Domestic and short-haul international revenue continue to perform well, and the airline has seen noticeable strength in long-haul international demand and yield performance. In the second quarter, the company produced an operating margin of 15.4% and net income of $1.3 billion on a GAAP basis. Excluding net special items, American produced net income of $1.4 billion in the second quarter."

07:03 EDT American Airlines, partners operate nearly 500,000 flights in Q2 - The company said, "The American Airlines team delivered a strong operational performance during the quarter, achieving its best-ever second-quarter completion factor and controllable completion factor. American and its regional partners operated nearly 500,000 flights in the second quarter, with an average load factor of approximately 86%. American delivered a record Memorial Day weekend mainline completion factor and controllable completion factor, while operating its largest-ever mainline Memorial Day weekend schedule. The momentum continued into June, with the American team delivering a record June completion factor and controllable completion factor, despite weather and air traffic control challenges. In the second quarter, American achieved its best-ever April, May and June controllable completion factors and delivered 11 more combined zero-cancellation days versus the same period last year."

06:59 EDT Travelers reports Q2 pre-tax catastrophe losses $1.48B vs. $746M last year

06:56 EDT Aecom elected by New York City Department of Environmental Protection - AECOM announced it is one of the firms that has been selected by the New York City Department of Environmental Protection, or NYCDEP, to provide design services for the City's cloudburst management program, alleviating nuisance flooding events in at-risk areas. Under this seven-year task-order program, AECOM will implement multi-benefit, integrated, flood risk reduction systems that manage stormwater during wet weather events to improve public spaces, reduce impacts to the natural environment, and bolster the resilience of social, environmental, and economic systems. Cloudburst management involves the design and implementation of multiple, integrated elements to absorb, store and/or transfer stormwater in a specific geographical location or neighborhood.

06:53 EDT Avino Silver & Gold Mines reports Q2 production 587,317 silver equivalent ounces - Silver equivalent production decreased 10% to 587,317 ounces. Silver production increased 3% to 232,417 ounces. Copper production decreased 12% to 1.45M pounds. Gold production increased 13% to 1,520 ounces. Mill throughput increased by 33% to 157,371 tons. "The Avino Mine continued to provide stable production results in the second quarter of 2023, albeit impacted by mining in lower grade areas and certain mill equipment delivery delays, which are now behind us," said David Wolfin, president and CEO of Avino. "These challenges provided us with the opportunity to implement upgrades to the haulage ramp that has since allowed us to exceed original underground maximum haulage rates. With these upgrades, we expect production to catch up to our internal guidance in the second half of the year. On the exploration side, we are thrilled with the outstanding drill results from below Level 17 released earlier this month which further demonstrates that the Avino Mine continues to get better as we explore at depth. Finally, we remain focused on the execution of our 5-year growth plan."

06:51 EDT Endeavour Silver provides Q2 construction update on the Terronera Project - Endeavour Silver is pleased to provide a construction update for its Terronera Project in Jalisco state, Mexico. "The seasoned construction team that we have assembled has been meeting the challenges and we continue making good progress," commented Don Gray, COO. "Our advanced planning is now paying off with timely equipment deliveries and disciplined field execution that's keeping the project on schedule and within budget. We expect to award the mill construction contract in Q4, which will kick off the next major construction phase. Meeting key project milestones is important to both Terronera' s success and to achieving Endeavour's industry-leading, silver dominant transformational growth."

06:41 EDT Insteel sees 'modest recovery to continue' in Q4 - "Given the lethargic market conditions we experienced during the third quarter, our financial performance was reasonable, reflecting the easing of headwinds that negatively impacted our results for the first half of fiscal 2023. Shipments and spreads improved during the quarter as inventory levels moderated, although shipment volume was well below our expectations," commented H.O. Woltz III, Insteel's President and CEO. "As we head into the fourth fiscal quarter, we expect the modest recovery to continue driven by nonresidential construction activity and the recovery in residential markets." Woltz continued, "The outlook for infrastructure construction remains favorable as federal spending from the Infrastructure Investment and Jobs Act is expected to begin to drive demand as we move into the second half of the calendar year and beyond. Additionally, we continued to progress towards completing several ongoing capital projects focused on broadening our product offering, expanding our capacity, and reducing operating costs. We expect the first two projects to be fully commissioned in our fourth fiscal quarter, followed by the remaining project in the first quarter of fiscal 2024."

06:38 EDT eGain announces partnership with Talkdesk - eGain announced a partnership with Talkdesk, a global cloud contact center leader for enterprises of all sizes, to help businesses modernize customer service with the AI-infused knowledge management and rich digital capabilities. The partnership brings to market a new offering, the Talkdesk-eGain Connector, which is listed on both companies' marketplaces - Talkdesk AppConnect and eGain Marketplace. The connector includes two integrations that embed eGain's knowledge and digital capabilities in the Talkdesk Agent Workspace.

06:35 EDT D.R. Horton reports Q3 homebuilding revenue of $8.7B - Net sales orders for the third quarter ended June 30, 2023 increased 37% to 22,879 homes and 26% in value to $8.7 billion compared to 16,693 homes and $6.9 billion in the same quarter of the prior year. The Company's cancellation rate for the third quarter of fiscal 2023 was 18% compared to 24% in the prior year quarter. Net sales orders for the first nine months of fiscal 2023 decreased 5% to 59,403 homes and 11% in value to $22.3 billion compared to 62,555 homes and $24.9 billion in the same period of fiscal 2022. The Company's sales order backlog of homes under contract at June 30, 2023 decreased 34% to 19,186 homes and 38% in value to $7.4 billion compared to 29,244 homes and $11.9 billion at June 30, 2022. At June 30, 2023, the Company had 43,800 homes in inventory, of which 25,000 were unsold. 5,700 of the Company's unsold homes at June 30, 2023 were completed. The Company's homebuilding land and lot portfolio totaled 555,100 lots at the end of the quarter, of which 25% were owned and 75% were controlled through land and lot purchase contracts.

06:31 EDT Snap-On sees 2023 CapEx about $100M - "We believe that our markets and our operations possess and have demonstrated continuing and considerable resilience against the uncertainties of the current environment. In 2023, Snap-on expects to make ongoing progress along its defined runways for coherent growth, leveraging capabilities already demonstrated in the automotive repair arena and developing and expanding its professional customer base, not only in automotive repair, but in adjacent markets, additional geographies and other areas, including extending in critical industries, where the cost and penalties for failure can be high. In pursuit of these initiatives, we project that capital expenditures in 2023 will approximate $100 million, of which $48.8 million was incurred in the first six months of the year. Snap-on currently anticipates that its full year 2023 effective income tax rate will be in the range of 23% to 24%."

06:27 EDT Parsons selected by Naval Facility Engineering Systems Command Southwest - Parsons announced that the company was selected by Naval Facility Engineering Systems Command Southwest, or NAVFAC SW, to provide project performance assessment, or PPA, and programmatic risk management, or PRM, services for the Facility Engineering Command's construction program. The $11M contract consists of a one-year base period of performance with three one-year option periods and is new work for the company. NAVFAC SW is one of seven Facilities Engineering Commands within NAVFAC Pacific and advances the U.S. Indo-Asia-Pacific Maritime Strategy through planning, building, and maintaining sustainable facilities and delivering environmental, utilities, and other base services. Under this contract, Parsons will provide PPA and PRM to the federal government for the development and execution phases of construction projects for the NAVFAC SW construction program, which totals approximately $1.3B in annual work at Travis Air Force Base and Navy and Marine Corps installations throughout the southwest U.S.

06:24 EDT Kenvue initiates quarterly dividend of 20c per share - Kenvue announced that its Board of Directors has declared a dividend payable in the third quarter of 2023 of 20c per share on the company's common stock. The third quarter dividend is payable on September 7 to shareholders of record as of the close of business on August 28.

06:07 EDT KBR awarded $69M CENTCOM contract - KBR announced it has been awarded a contract to provide mission-critical labor at three locations in the U.S. Central Command, or CENTCOM, area of operations. The cost-plus contract, through the Air Force Contract Augmentation Program, or AFCAP V, is worth up to $69M and has a base period of two years with an eight-month option. Under the terms of the contract, KBR will provide support personnel at Ali Al Salem Air Base, Kuwait; Prince Sultan Air Base, Saudi Arabia; and Al Dhafra Air Base, UAE, over the next two and a half years. KBR personnel will accompany and guide local and other country nationals at U.S. military facilities throughout these three bases. This contract in the CENTCOM area of operations expands KBR's portfolio in the region, where the company already performs base operations support in Bahrain, United Arab Emirates, and Saudi Arabia.

06:03 EDT Estee Lauder, Manchester United announce partnership - Estee Lauder (EL) will team up with renowned football club, Manchester United (MANU), to reach and engage their extensive fanbase in China and the Asia Pacific region, a first-of-its-kind partnership for the brand. Estee Lauder continues its legacy of disrupting the beauty industry, bringing its high-performing products to new communities of sports fans who demand peak performance in every aspect of life. Kicking off in Summer 2023, the partnership's inaugural campaign will launch with players from Manchester United's first team, including Marcus Rashford, Luke Shaw, Alejandro Garnacho and Raphael Varane. Bringing together the worlds of beauty and sports, the campaign will engage fans across Manchester United's social platforms - with a reach of more than 250M in China alone - with dynamic social storytelling around the benefits of recharging the skin. The partnership will initially spotlight Estee Lauder Advanced Night Repair Serum, an industry disruptor, and one of the best-selling, most-loved skincare products in the brand's history. The master multi-tasking Advanced Night Repair performs like 7 serums in 1, featuring an exclusive ingredient, Tripeptide-32, to help optimize skin's own rhythm of daytime protection and night-time repair. Just one dropper morning and evening reveals energized, refreshed, and hydrated skin.

05:29 EDT Nano Dimension expands on intentions on regarding Stratasys board changes - Nano Dimension (NNDM), which owns approximately 14.1% of Stratasys' (SSYS), expanded on its intentions regarding the composition of the Stratasys board of directors. The company said, "Nano Dimension, by necessity, is acting with urgency to initiate the replacement of Stratasys' directors in the interest of all shareholders. As a result, Nano nominated seven highly qualified directors with extensive track records of value creation. As Nano has detailed previously, all of its nominees have previously served as CEOs or in "C-suite" positions, through which they have created demonstrable increases in long-term shareholder value. Almost all of Nano's candidates have multiple decades of global business experience in technology, finance, M&A and operations in manufacturing and related sectors. While Nano had asked the court to allow Stratasys shareholders to pick and choose across nominees from both companies, Stratasys has chosen to take that option away from its shareholders, forcing its shareholders to select a full slate. Nano fully recognizes that the Board should be comprised of a majority of independent directors and, following a successful replacement of the current Stratasys' directors with Nano's director nominees, intends to take steps to appoint independent directors to represent Stratasys shareholders' interests for the long term, at which time Nano Dimension's nominees would cycle off the Board such that a majority of the Board would be independent over time. Nano Dimension's director nominees are intended as an interim but urgently needed solution to prevent further value destruction by the current Stratasys Board. Nano Dimension urges Stratasys shareholders to vote "FOR" the nominees proposed by Nano Dimension at Stratasys' Annual General Meeting to be held on August 8th, 2023, in order to replace the majority of the current Stratasys Board."

05:11 EDT Jacobs selected by USNC to support new nuclear reactor - Jacobs was selected by Ultra Safe Nuclear Corporation U.K., or USNC, to support design and development of a new micro modular power reactor, or MMR. The U.K. Department for Energy Security and Net Zero has awarded USNC a grant of up to $29 million toward the development cost of the MMR Energy System, which is designed to support the transition away from fossil fuels. The grant, match funded by USNC, will enable the second phase of work toward building a U.K. demonstrator of the high-temperature gas-cooled reactor by the early 2030s.