Stockwinners Market Radar for September 06, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SJT | Hot Stocks20:41 EDT San Juan Basin Royalty Trust enters into $1.04M settlement agreement - PNC Bank, National Association, as the trustee of the San Juan Basin Royalty Trust, announced that an agreement between the Trustee and Hilcorp San Juan L.P., the owner of the Trust's subject interests, will result in the payment of $1,037,093.45 to the Trust by Hilcorp to resolve the 2017-2020 Disputed Expenses exceptions and enter into an amendment to the Conveyance Agreement with respect to the expenses associated with the operator's saltwater disposal facilities. The Trustee routinely engages with Hilcorp regarding its ongoing accounting and reporting to the Trust with respect to revenue and expenses for operated wells, inclusive of sales revenues, production costs, capital expenditures, adjustments, actualizations, and recoupments, as well as a detailed analysis of Hilcorp's pricing and rates charged. These revenues and costs (along with all costs) are the subject of the Trust's ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance.
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PACB | Hot Stocks20:02 EDT Cathie Wood's ARK Investment bought 532.8K shares of PacBio today
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NVTA | Hot Stocks20:02 EDT Cathie Wood's ARK Investment bought 466K shares of Invitae today
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TSLA | Hot Stocks20:00 EDT Tesla exec sells $643K in common stock - In a regulatory filing, Tesla disclosed that its SVP of Automotive, Xiaotong Zhu sold 2.5K shares of common stock on September 1st in a total transaction size of $643K.
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ASPN | Hot Stocks19:59 EDT Aspen Aerogels director buys $308.5K in common stock - In a regulatory filing, Aspen Aerogels disclosed that its director Steven Mitchell bought 50K shares of common stock on September 5th in a total transaction size of $308.5K. Shares of Aspen Aerogels are up 1.6% afterhours at $6.32.
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TSM | Hot Stocks19:15 EDT MediaTek develops first chip usingTSMC's 3nm process - Taiwan's MediaTek and TSMC "announced that MediaTek has successfully developed its first chip using TSMC's leading-edge 3nm technology, taping out MediaTek's flagship Dimensity system-on-chip with volume production expected next year. This marks a significant milestone in the long-standing strategic partnership between MediaTek and TSMC, with both companies taking full advantage of their strengths in chip design and manufacturing to jointly create flagship SoCs with high performance and low power features, empowering global end devices."
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AXTA | Hot Stocks18:45 EDT Axalta Coating director Stein buys 36,600 common shares - In a regulatory filing, Axalta Coating Systems director Kevin Stein disclosed the purchase of 36,600 common shares of the company on September 6 at a price of $27.38 per share.
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GME | Hot Stocks18:15 EDT GameStop says placing 'significant emphasis on cost containment' - The company states: "The initial phase of GameStop's transformation largely occurred over the course of 2021 and the first half of 2022. This period was primarily focused on rebuilding the Company's decaying infrastructure and strengthening GameStop's value proposition, including investing in the Company's enterprise systems, technology capabilities, store leaders and associates, and product catalog and offerings. GameStop entered a new phase of its transformation during the second half of 2022. As a result, GameStop is focused on three overarching goals: establishing omnichannel retail experience, achieving profitability, and leveraging brand equity to support growth. We are taking the following steps, with a significant emphasis on cost containment - Improving margins through operational discipline and increased emphasis on higher margin collectibles and pre-owned product categories; Ensuring the Company's cost structure is sustainable relative to revenue, including taking steps to optimize our workforce to operate efficiently and nimbly; Prudently increasing the size of our addressable market by growing our product catalog across PC gaming, collectibles, consumer electronics, toys, augmented reality, virtual reality and other categories that represent natural extensions of our business; and Sustaining a superior customer experience supported by a seamless in-store and ecommerce experience with speedy delivery to our customers. As part of our efforts to achieve sustained profitability, we continue to evaluate our portfolio of assets to validate their strategic and financial fit and to eliminate redundancies. During the first quarter of fiscal 2023, we began the process of exiting our operations in Ireland, with all stores in the region closing in the second quarter of fiscal 2023. While we expect our cost containment efforts to yield reductions in SG&A expenses in the long term, we have incurred and may continue to incur severance and other non-recurring costs related to these efforts in the short term."
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PWR | Hot Stocks18:12 EDT Quanta Services exec Wayne sells 5,000 common shares - In a regulatory filing, Quanta Services executive VP and General Counsel Donald Wayne disclosed the sale of 5,000 common shares of the company on September 1 at a price of $210.92 per share.
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GME | Hot Stocks18:11 EDT GameStop jumps 7% to $20.00 after better than expected Q2 results
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MTTR | Hot Stocks18:08 EDT Matterport CEO Pittman sells 273,720 class A shares - In a regulatory filing, Matterport CEO Raymond Pittman disclosed the sale of 273,720 class A common shares of the company on September 5 at a price of $2.6139 per share.
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WFG | Hot Stocks18:04 EDT West Fraser Timber to acquire Spray Lake Sawmills in Alberta - West Fraser Timber has entered into an agreement to acquire Spray Lake Sawmills located in Cochrane, Alberta. The transaction is anticipated to close later this year following completion of Canadian regulatory reviews and satisfaction of customary conditions. Spray Lake Sawmills produces treated wood products, dimensional lumber and a variety of wood residuals and biproducts. It has an annual lumber capacity of 155 million board feet and holds two Forest Management Agreements granted by the Government of Alberta with a total Annual Allowable Cut of approximately 500,000 m3. The value of the acquisition is C$140M.
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TWTR | Hot Stocks17:57 EDT Social network X debuts Community Notes for videos - Social network X, formerly known as Twitter, debuts Community Notes for videos. Community Notes "aims to create a better informed world by empowering people on Twitter to collaboratively add context to potentially misleading Tweets," according to the company. In an earlier tweet, X announced that notes by contributors attached to a video will appear in all posts with that video. "Notes written on videos will automatically show on other posts containing matching videos. A highly-scalable way of adding context to edited clips, AI-generated videos, and more," the company said in a tweet, on X. the social media company owned by elon Musk added "Not just for images anymore - introducing notes on videos! Notes written on videos will automatically show on other posts containing matching videos. A highly-scalable way of adding context to edited clips, AI-generated videos, and more." Reference Link
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LGIH | Hot Stocks17:55 EDT LGI Homes reports 624 home closings in August 2023 - LGI Homes, Inc. announced it closed 624 homes in August 2023, up from 504 homes closed in August 2022, representing year-over-year growth of 23.8%. As of August 31, 2023, the company had 102 active selling communities.
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DRTT | Hot Stocks17:45 EDT Dirtt Environmental Solutions trading resumes
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IBM | Hot Stocks17:43 EDT IBM reports data incident for Janssen CarePath customers - IBM (IBM) is notifying Janssen CarePath customers and users of an incident involving unauthorized access to personal information contained within a database used on the Janssen CarePath platform, a patient support platform that offers savings options and other patient support resources. IBM is a service provider to Johnson & Johnson (JNJ) Health Care Systems, Inc. IBM manages the application and the third-party database that supports Janssen CarePath. Janssen recently became aware of a technical method by which unauthorized access to the database could be obtained. Janssen then immediately notified IBM, and, working with the database provider, IBM promptly remediated the issue. IBM also undertook an investigation to assess whether there had been unauthorized access to the database. While IBM's investigation identified, on August 2, that there was unauthorized access to personal information in the database, the investigation was unable to determine the extent of that access. As a result, IBM has begun notifying Janssen CarePath customers and users whose information was contained in the Janssen CarePath database out of an abundance of caution. The information involved in this incident may have included individuals' names and one or more of the following: contact information, date of birth, health insurance information, and information about medications and associated conditions that were provided to the Janssen CarePath application. Social Security numbers and financial account information were not contained in the database or affected. After being informed of the issue by Janssen, IBM and the database provider identified and implemented steps that disabled the technical method at issue.
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IP | Hot Stocks17:35 EDT International Paper announces CEO succession plan - International Paper announced that chairman and CEO Mark Sutton has requested that the board move forward with the next phase of the company's CEO succession plan. This phase in the process will include a comprehensive evaluation of internal and external candidates for Sutton's successor. Sutton will continue in his role as chairman and CEO until his successor is in place. "I am confident that this is the right time to initiate this phase of our multi-year succession plan," said Sutton. "Our experienced leadership team, refined business portfolio, ongoing execution of our transformation strategy and strong balance sheet position the company for our next leader to capitalize on significant opportunities for profitable growth. I look forward to working with our Board of Directors on this phase of the process. I will continue to lead the management team to ensure the company's success and a seamless handoff to my successor."
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SMTC | Hot Stocks17:27 EDT Semtech to delay 10-Q report for Q2 - In a regulatory filing, the company stated: "Semtech will be unable to file its Quarterly Report on Form 10-Q for the quarter ended July 30, 2023 with the Securities and Exchange Commission within the prescribed time period. During the second quarter of fiscal year 2024, the Company determined it was required to perform an interim goodwill impairment test using a quantitative assessment. Despite working diligently in an effort to timely file its Q2 Form 10-Q, as of the date of this Notification of Late Filing, the goodwill impairment assessment is not complete and is not expected to be completed within the prescribed time period. Additionally, the Company is working diligently to complete certain procedures to conclude whether a valuation allowance is to be recorded against certain deferred tax assets. These assessments require significant resources from the Company's financial, accounting and administrative personnel, and as a result, the Company requires additional time to complete the assessments and finalize the Q2 Form 10-Q. Based on preliminary information, the Company expects to incur total pre-tax non-cash goodwill impairment charges of approximately $340 million, which are expected to be incurred in reporting units identified during the quarter ended July 30, 2023 in connection with the Company's acquisition of Sierra Wireless, Inc. on January 12, 2023. The amount of this estimated impairment could materially change between the time of this filing and the filing of the Q2 Form 10-Q as management completes its review procedures. No reasonable estimate for a valuation allowance can be provided at this time."
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KLAC | Hot Stocks17:23 EDT KLA Corp. exec sells $7.03M in common stock - In a regulatory filing, KLA Corp disclosed that its Semi Proc. Control President Ahmad Khan sold 14K shares of common stock on September 1st in a total transaction size of $7.03M.
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DRTT | Hot Stocks17:19 EDT Dirtt Environmental to voluntarily delist from Nasdaq - Dirtt Environmental will voluntarily delist from Nasdaq on or around September 15. After the voluntary delisting, all current and future DIRTT shareholders will retain their ability to publicly trade DIRTT shares on the Toronto Stock Exchange under the symbol "DRT". The company estimates a recurring annual cost savings of approximately $400K from the delisting. Otherwise, the company's business operations will not be affected. Dirtt will continue to comply with all SEC regulations applicable to companies registered with the SEC, including filing annual reports, quarterly reports and current reports.
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FLR | Hot Stocks17:14 EDT Fluor to pay $14.5M in SEC settlement - Fluor announced that the company has entered into a settlement agreement with the SEC resolving the previously disclosed SEC investigation of the company. As reflected in the administrative order filed by the SEC, the investigation pertained to the company's accounting on two lump sum engineering, procurement and construction contracts. In connection with the settlement, the company has agreed to pay a civil penalty of $14.5M. The company established reserves sufficient to fund the settlement during 2022 and expects no material earnings effect during 2023. The SEC's investigation concerned two projects that are now largely completed and involved historical transactions that the company restated in September 2020. The SEC settlement follows the previous announcement that the U.S. Department of Justice had ended its investigation into the company.
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USFD MDT | Hot Stocks17:11 EDT US Foods announces Martha Ha as general counsel - US Foods (USFD) announced that Martha Ha will join the company as executive VP and general counsel effective September 25. She will report to Dave Flitman, CEO, as a member of the executive leadership team. Ha joins US Foods from Medtronic (MDT), a global medical device and technology company with approximately $31B in revenue, where she most recently was VP, chief counsel - corporate governance mergers and acquisitions, and cardiovascular portfolio.
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NRC | Hot Stocks17:07 EDT National Research Corporation declares special dividend of $1.00 per share - National Research "announced that its Board of Directors has declared a special dividend of one dollar, $1.00, per share to shareholders of record as of the close of business on Monday, September 18, 2023, and payable on Friday, September 22, 2023."
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REXR | Hot Stocks17:06 EDT Rexford Industrial announces $46M in investment activity - Rexford Industrial "announced three industrial property investments for an aggregate purchase price of $46.2 million. The acquisitions were funded using cash on hand."
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PATH | Hot Stocks17:02 EDT UiPath jumps 6% to $17.21 after Q2 earnings beat, guidance raise
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ABNB | Hot Stocks17:00 EDT Airbnb CEO sells $3.98M in common stock - In a regulatory filing, Airbnb disclosed that its CEO Brian Chesky sold 30K shares of common stock on September 1st in a total transaction size of $3.98M.
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NX | Hot Stocks16:58 EDT Quanex director Griffiths sells 25,000 common shares - In a regulatory filing, Quanex director William Griffiths disclosed the sale of 25,000 common shares of the company on September 1 at a price of $29.0883 per share.
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CRM | Hot Stocks16:56 EDT Salesforce CEO sells $3.3M in common stock - In a regulatory filing, Salesforce disclosed that its CEO Marc Banioff sold 15K shares of common stock on September 15th in a total transaction size of $3.3M.
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DRTT | Hot Stocks16:55 EDT Dirtt Environmental Solutions trading halted, news pending
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FARM | Hot Stocks16:47 EDT Farmer Bros. CEO Deverl Maserang to depart - Farmer Bros. announced it has commenced a transition of the chief executive officer role. Under the transition plan, the board of directors and CEO Deverl Maserang have mutually agreed his employment with Farmer Brothers will conclude on September 30 and he will complete his current term as a member of the board, unless his permanent successor is identified prior to the end of his term. Farmer Brothers' current head of coffee John Moore will assume the role of interim CEO starting October 1. The planned transition is not connected to any disagreements or concerns with the company's operations, policies or practices.
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VCSA | Hot Stocks16:46 EDT Vacasa announces 1-for-20 reverse stock split - Vacasa "announced that its board of directors has approved a reverse stock split of its Class A Common Stock, Class B Common Stock, and Class G Common Stock at a ratio of 1-for-20. Stockholders approved a proposal to allow the board of directors, in its discretion, to effect a reverse stock split at the Annual Meeting of Stockholders held on May 23, 2023. The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Global Select Market. The reverse stock split is expected to become effective on October 2, 2023."
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LQDA UTHR | Hot Stocks16:42 EDT United Therapeutics sues Tyvaso for patent infringement already found invalid - Liquidia (LQDA) announced that United Therapeutics Corporation (UTHR) filed a patent infringement action under the Hatch-Waxman Act in the U.S. District Court for the District of Delaware asserting infringement of U.S. patent No. 10,716,793 in response to Liquidia's amendment to add the PH-ILD indication to the tentatively approved New Drug Application, NDA for YUTREPIAor treprostinil inhalation powder. The '793 patent was previously found to be unpatentable by the PTAB in an inter partes review or IPR, in July 2022, a decision that was reaffirmed by the PTAB in February 2023. Dr. Roger Jeffs, Chief Executive Officer of Liquidia, said: "Our focus is and will always be on bringing better therapies and treatment options to patients. While we are disappointed that United Therapeutics has elected to file this lawsuit alleging that YUTREPIA infringes this same patent that has already been litigated and already found by the PTAB to be invalid, it was expected. We will use the same aggressive and dedicated approach to defending this lawsuit as we have used in successfully resolving prior litigation that has been brought against us by United Therapeutics."..In the prior lawsuit in which the '793 patent was asserted against Liquidia, the District Court ruled against Liquidia in August 2022 finding that all of the asserted claims of the '793 patent were both valid and infringed based on the arguments presented by Liquidia to the District Court. That decision was recently affirmed by the Court of Appeals for the Federal Circuit (Federal Circuit). However, if the Federal Circuit affirms the PTAB's decision in the '793 IPR currently under appeal, then the entire '793 patent would be invalidated and the '793 patent would no longer be a barrier to final approval of YUTREPIA. The appeal of the PTAB decision is expected to be completed in the fourth quarter of 2023 or the first half of 2024.
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APO | Hot Stocks16:40 EDT Apollo Global's Shutterfly names new CFO - Shutterfly "announced the appointment of Jan Paul Teuwen as Senior Vice President and CFO, effective September 11, 2023. Jan Paul will succeed Mike Eklund, who will be stepping down from the CFO role to pursue other opportunities. Jan Paul Teuwen most recently served as Chief Financial Officer for Lumileds, a global lighting solutions company, where he oversaw the finance, investor relations, global IT operations and other functions. Prior to his time at Lumileds, Jan Paul spent ten years at Philips, the global technology company, where he held controller and FP&A positions with several business areas including R&D, consumer products, retail, and telecommunications, ranging in global revenue of up to $2 billion and complex research and development budgets of $200 million."
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HEPA | Hot Stocks16:35 EDT Hepion Pharmaceuticals' CMO Todd Hobbs resigns as of Sept. 29 - Hepion Pharmaceuticals announced that Stephen Harrison, M.D., has been appointed as Consultant Medical Director. Dr. Harrison, the current Chairman of Hepion's Scientific Advisory Board SAB , succeeds Todd Hobbs, M.D., who has provided notice to the Company of his resignation as Chief Medical Officer, effective September 29, 2023.
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ORLY | Hot Stocks16:35 EDT O'Reilly Automotive director sells $1.0M in common stock - In a regulatory filing, O'Reilly Automotive disclosed that its Lawrence O'Reilly sold 1,060 shares of common stock on September 1 in a total transaction size of $1.0M.
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HST | Hot Stocks16:34 EDT Host Hotels announces $5M impact from Maui wildfires, other weather events - Host Hotels provided an update regarding the impact of the Maui wildfires and other recent weather events on its hotels and the communities where they operate. The company said, "As the largest hotel real estate owner on Maui with a presence for over 20 years, Host Hotels & Resorts shares a deep connection to the island's people and culture. Lahaina has long been revered as a sacred place and home to some of the island's most precious historical and cultural assets. The August wildfires touched everyone on the island and the Company's hotels are partnering together to support the safety and wellbeing of the Maui community. The Company's hotels are providing food and shelter for employees, their families, and emergency response teams while also remaining open to guests. General managers at the Andaz Maui at Wailea Resort and the Fairmont Kea Lani, along with other Wailea area general managers, are working in partnership with World Central Kitchen to provide meals for Maui shelters. In addition, the Company is working with its hotels and operators to provide available resources to support employees as quickly and meaningfully as possible. This includes providing direct employee relief and making charitable donations to emergency response relief organizations on the ground, including the American Red Cross - Maui, World Central Kitchen, Maui Food Bank and Hawaii Community Foundation Maui Strong Fund-all of which are supporting employees and people across Maui in need. To date, there has not been any reported property damage to the Company's hotels or golf courses on Maui, and all its hotels remained open and operational through the wildfires. The Hyatt Regency Maui Resort and Spa remains open to first responders and expects to begin welcoming guests back in mid-October. The Company estimates that net income and hotel EBITDA from its three Maui hotels was impacted by approximately $5 million in the month of August. The Company is not otherwise updating or reaffirming its full year 2023 guidance provided on August 2, 2023, as it is too early in the quarter to provide a comprehensive update or estimated full-year impact to future periods due to the rapidly evolving nature of demand trends on the island. The Company's risk management team is engaged with its insurers about potential business interruption coverage, and, as those conversations are ongoing, timing and amounts of any potential business interruption proceeds are not yet known. The Company does not expect a delay in the completion of the comprehensive renovation currently underway at the Fairmont Kea Lani, which remains on track to be completed in the fourth quarter of 2023. This project is the final of 24 recent comprehensive renovations in the Company's portfolio."
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TCPC | Hot Stocks16:32 EDT BlackRock TCP Capital, BlackRock Capital Investment enter merger agreement - BlackRock TCP Capital (TCPC) and BlackRock Capital Investment (BKCC) announced that they have entered into a definitive agreement pursuant to which BCIC will merge with and into a wholly owned, indirect subsidiary of TCPC, subject to shareholder approval and customary closing conditions. Following the merger, TCPC will continue to trade on the Nasdaq Global Select Market under the ticker symbol "TCPC" and the surviving entity will continue as a subsidiary of TCPC.
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YEXT | Hot Stocks16:31 EDT Yext falls 13% to $7.90 after Q2 results and guidance
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FRGI | Hot Stocks16:30 EDT Fiesta Restaurant announces expiration of 'go-shop' period - Fiesta Restaurant Group announced the expiration of the 30-day "go-shop" period under the terms of the previously announced merger agreement pursuant to which Authentic Restaurant Brands, a portfolio company of Garnett Station Partners, LLC, will acquire Fiesta in an all-cash transaction. The "go-shop" period expired at 12:01 a.m. Eastern Time on September 5, 2023. Pursuant to the merger agreement, Fiesta's Board of Directors, with the assistance of its financial advisors, actively solicited alternative acquisition proposals from potentially interested third parties. None of the third parties contacted by Fiesta or its financial advisors provided an alternative acquisition proposal by the go-shop deadline. As previously announced, ARB has agreed to acquire Fiesta for $8.50 per share. The transaction is expected to be completed in the fourth quarter of 2023 and is subject to approval by Fiesta's stockholders and expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
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BRP | Hot Stocks16:29 EDT BRP Group exec Galbraith sells over 60,000 class A shares - In a regulatory filing, BRP Group COO Daniel Galbraith disclosed the sale of 60,316 class A common shares of the company on August 29 at a price of $25.8939 per share.
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VRNT | Hot Stocks16:29 EDT Verint falls 15% to $26.20 after Q2 earnings miss
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DD | Hot Stocks16:29 EDT DuPont launches new $2B accelerated share repurchase transaction - DuPont announced completion of the $3.25B accelerated share repurchase transaction launched last November. Additionally, the company today announced that it has entered into new accelerated share repurchase agreements with multiple counterparties to repurchase an aggregate of $2B of common stock. In connection with completion of the $3.25B ASR transaction, the company received and retired an additional 8.0M shares of DuPont common stock. In total, the company received and retired 46.8M shares of DuPont common stock under the $3.25B ASR transaction at an average price of $69.44 per share. In connection with the launch of the $2B ASR transaction, this week the company will pay an aggregate of $2.0B and will receive and retire 21.2M shares of DuPont common stock, representing 80% of the transaction value based on DuPont's closing share price on September 5. "The final number of shares to be received and retired under the $2B ASR transaction will be determined upon completion of the transaction and will be based on the total transaction value and the volume-weighted average share price of DuPont common stock during the term of the transaction. The company expects to complete the $2B ASR transaction during the first quarter of 2024," DuPont stated.
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DD | Hot Stocks16:27 EDT Correction: DuPont launches new $2B accelerated share repurchase transaction
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CNTY VICI | Hot Stocks16:27 EDT Century Casinos completes sale-leaseback of four properties in Alberta, Canada - Century Casinos (CNTY) completed the sale of the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta to subsidiaries of VICI Properties (VICI) for an aggregate purchase price of C$221.7M, or $162.4M, in cash. The company retained approximately $113.2M of the purchase price after giving effect to the purchase of the Century Downs land, selling expenses, Canadian and US taxes and proceeds to be paid to the minority owners of Century Downs. Simultaneous with the closing of the transaction, the Century Canadian Portfolio was added to the existing triple-net master lease agreement between subsidiaries of VICI and subsidiaries of the company and annual rent will increase by $12.7M. The annual rent escalator related to the Century Canadian Portfolio is capped at 2.5%. Additionally, the term of the Master Lease will be extended such that, upon closing of the transaction, the lease will have a full 15-year initial base lease term, with four 5-year renewal options.
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AI | Hot Stocks16:26 EDT C3.ai down 3% at $30.48 after Q1 results and guidance
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CHPT | Hot Stocks16:25 EDT ChargePoint falls 7% to $6.56 after Q2 earnings miss
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VXRT | Hot Stocks16:25 EDT Vaxart monovalent norovirus vaccine candidate study met 5 of 6 primary endpoints - Vaxart announced top-line data from the Phase 2 challenge study of its oral tablet monovalent norovirus vaccine candidate, NCT05212168. The Phase 2 challenge study enrolled 165 healthy adults, who were randomized 1:1 to receive Vaxart's monovalent oral tablet vaccine targeting the norovirus GI.1 genotype or placebo. Four weeks after vaccination, subjects were challenged with GI.1 norovirus. The study achieved its primary endpoints of a statistically significant 29% reduction in the rate of norovirus infection between the vaccinated and placebo arms through Day 8 post challenge, a strong induction of norovirus-specific immunoglobulin A or IgA, and immunoglobulin G or IgG, antibodies, and other immune response endpoints. Vaccination also led to a reduction in norovirus AGE in the vaccine arm compared to placebo, but this was not statistically significant. In a prespecified analysis, the study also showed an 85% decrease in viral shedding in the vaccine arm compared with placebo. "Challenge studies use higher quantities of virus than an individual may encounter during a naturally occurring infection, yet our vaccine candidate demonstrated a significant effect on infection and viral shedding, even though it did not achieve a statistically significant reduction in norovirus AGE," said Dr. James F. Cummings, Vaxart's Chief Medical Officer.
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PHR | Hot Stocks16:24 EDT Phreesia falls 5% to $28.90 after Q2 earnings miss
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DD | Hot Stocks16:24 EDT DuPont completes $3.25B accelerated share repurchase, begins $2.5B new one - DuPont completion the $3.25B accelerated share repurchase transaction launched last November. Additionally, the company has entered into new accelerated share repurchase agreements with multiple counterparties to repurchase an aggregate of $2B of common stock. In connection with completion of the $3.25B ASR transaction, the company received and retired an additional 8.0 million shares of DuPont common stock. In total, the company received and retired 46.8 million shares of DuPont common stock under the $3.25B ASR transaction at an average price of $69.44 per share. In connection with the launch of the $2B ASR transaction, this week the company will pay an aggregate of $2.0B and will receive and retire 21.2 million shares of DuPont common stock, representing 80% of the transaction value based on DuPont's closing share price on September 5th. The company expects to complete the $2B ASR transaction during 1Q 2024.
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HCI | Hot Stocks16:22 EDT HCI Group provides update on impact of Hurricane Idalia - HCI Group has received claims from Hurricane Idalia which made landfall in Keaton Beach, Florida as a Category 3 hurricane on August 30. The company expects the pre-tax gross loss from Hurricane Idalia to be within the reinsurance retention limits for each of Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company. This storm is not expected to require the company to utilize any of the capacity in either of its reinsurance towers.
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MAA | Hot Stocks16:21 EDT MAA announces planned retirement of CFO Albert Campbell - Mid-America Apartment Communities announced that Albert Campbell, executive VP and CFO, will retire effective March 31, 2024. A. Clay Holder, senior VP and Chief Accounting Officer, will assume responsibilities as the CFO effective with Campbell's retirement. As part of his planned retirement, Campbell will remain as an advisor to the company through the end of calendar year 2024 to further support the company and facilitate an orderly transition.
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ALSN | Hot Stocks16:21 EDT Allison Transmission awarded roughly $13M contract from U.S. Army - Allison Transmission has been awarded a contract worth approximately $13M for the second phase of the U.S. Army's Low-Rate Initial Production contract for the newly named M10 Booker Combat Vehicle, formerly known as Mobile Protected Firepower. Designed to increase the combat power of the Army's Infantry Brigade Combat Teams, the M10 Booker is one of the U.S. Army's leading modernization initiatives. "Allison is thrilled to continue working with General Dynamics as we ramp into higher production volumes of the 3040 MX transmission," said Dana Pittard, Vice President, Defense Programs, Allison Transmission. "One of Allison's competitive advantages is having a business model that supports low volume programs, particularly in our Off-Highway and Defense end markets. We have the ability to provide our customers with propulsion solutions that deliver high reliability and powerful performance to meet the decades long, demanding lifecycle of armored combat vehicles."
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PLAY | Hot Stocks16:20 EDT Dave & Buster's increases share repurchase program to $200M - The company announced that its board of directors approved an increase to its remaining share repurchase program authorizing the company to repurchase up to $200M of its common stock. The program may be suspended or discontinued at any time.
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AVB | Hot Stocks16:19 EDT AvalonBay reports 2-month same store residential rental revenue up 5.3% y/y - AvalonBay Communities announced that Same Store Residential rental revenue for the two months ended August 31, 2023, increased 5.3% over the prior year period. This is approximately 40 basis points above what the Company's expectation was for Same Store Residential rental revenue growth for this two-month period when the Company published its updated outlook for full year 2023 Same Store Residential rental revenue growth on July 31, 2023.
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EQR | Hot Stocks16:19 EDT Equity Residential says Q2 same-store revenue on track with guidance - Equity Residential provided an update regarding certain same store operating trends in its business. Same store revenue growth remains on track with the Company's guidance range described in its second quarter 2023 earnings release. The Company is finishing a good leasing season with healthy demand and pricing for its apartment units. Consistent with normal seasonal demand patterns, in early August 2023 rents peaked for the year and the Company expects rents to moderate for the balance of the year.
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CRVS | Hot Stocks16:15 EDT Corvus Pharmaceuticals confirms planned initiation of soquelitinib trial - Corvus Pharmaceuticals confirmed that it completed an end-of-Phase/Pre-Phase 3 meeting with FDA on its plans to initiate a Phase 3 registrational clinical trial of soquelitinib, the company's ITK inhibitor product candidate, in relapsed peripheral T cell lymphoma, or PTCL.
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AI | Hot Stocks16:15 EDT C3.ai launches new C3 Generative AI suite - C3 AI "announced the launch of the C3 Generative AI Suite including 28 new domain-specific generative AI offerings available to address the unique needs of industries, business processes, and enterprise systems. The new offerings combine C3 AI's deep enterprise domain and industry expertise with the latest innovations in generative AI."
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TRIN | Hot Stocks16:15 EDT Trinity Capital appoints Kyle Brown as CEO - Trinity Capital has named Kyle Brown as CEO, effective January 1, 2024. At the same time, Trinity's current CEO, Steve Brown, will become Executive Chairman of the Board of Directors. Steve Brown, who founded Trinity Capital's predecessor in 2008 and has served as Chairman and CEO since the company's inception, will continue to remain active in the firm's operations. This new role will allow him to stay committed to the firm's expansion and strategic vision, in collaboration with the Board of Directors. Kyle Brown currently holds the position of President and Chief Investment Officer at Trinity, and also serves on the Board of Directors and will continue in that capacity. He will begin his 10th year with the firm in January 2024.
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ISPC | Hot Stocks16:11 EDT iSpecimen reduces headcount by 20% in organizational restructuring - iSpecimen announced that the board of directors has approved an organizational restructuring plan in an effort to improve performance and drive shareholder value. iSpecimen announced immediate headcount reductions of approximately 20% of the company's total workforce and additional expense reductions after streamlining operations and rationalizing resources to focus on key market opportunities. Recently, the company completed its implementation of lines of business teams and next day quotes to shorten sales cycles, improve quote-to-purchase order ratios, increase fulfillment and accelerate revenue generation. As a result of these changes, monthly expenses related to headcount, including other employee turnover during the year, as well as all other monthly operational costs, are expected to decrease by approximately 29% and 52%, respectively, compared to the average monthly costs for the first eight months of the year. iSpecimen recently announced the launch of its virtual cancer sequencing procurement program aimed at providing researchers with consistent and direct access to cancer tumor tissues. The genetic signatures of cancer tumor tissues provide important information necessary to develop new treatments and diagnostics. Through this new offering, cancer researchers can advance their work by efficiently accessing these highly sought tumor tissues from iSpecimen, overcoming the existing manual, time-consuming and costly process of requesting biospecimen samples from multiple sources and suppliers.
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KORE | Hot Stocks16:09 EDT KORE Group receives continued listing standard notice from NYSE - KORE Group Holdings announced that on September 5, it received a notice from the NYSE notifying KORE that it is not in compliance with the NYSE's continued listing standards because as of August 30, the average closing price of KORE's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Notice does not result in the immediate delisting of KORE's common stock from the NYSE. KORE intends to respond to the NYSE within ten business days of receipt of the notice affirming its intent to cure the deficiency. Pursuant to the NYSE's rules, KORE has a six-month period following receipt of the notice to regain compliance with the NYSE's minimum share price requirement. KORE intends to consider a number of available alternatives to cure its non-compliance with the applicable price criteria in the NYSE's continued listing standards. KORE can regain compliance with the minimum share price requirement at any time during the six-month cure period if, on the last trading day of any calendar month during the cure period or on the last day of the cure period, KORE has (i) a closing share price of at least $1.00, and (ii) an average closing share price of at least $1.00 over the 30 trading-day periods ending on the last trading day of that month. KORE's common stock will continue to be listed and trade on the NYSE during this period, subject to its compliance with other NYSE continued listing standards.
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ZIM | Hot Stocks16:07 EDT ZIM Integrated announces new operational collaboration with MSC - ZIM Integrated Shipping Services Ltd. announced a new operational cooperation agreement with MSC, the industry's largest carrier, encompassing several trades. This agreement is designed to "significantly enhance operational efficiencies and further elevate service levels" for ZIM's customers. The cooperation scope includes services connecting the Indian subcontinent with the East Mediterranean, the East Mediterranean with Northern Europe, and services connecting East Asia with Oceania. The agreements between ZIM and MSC includes vessel sharing, slot purchases, and swap arrangements.
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NSTC | Hot Stocks16:06 EDT Northern Star Investment Corp III trading halted, news pending
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BSX | Hot Stocks16:05 EDT Boston Scientific's Watchman FLX device approved by FDA - Boston Scientific has received FDA approval for the latest-generation Watchman FLX Pro Left Atrial Appendage Closure Device. Designed to further advance the procedural performance and safety of the WATCHMAN technology, which is indicated to reduce stroke risk in patients with non-valvular atrial fibrillation who need an alternative to oral anticoagulation therapy, the device now features a polymer coating, visualization markers and a broader size matrix to treat a wider range of patients. Data across several preclinical studies demonstrated that the polymer coating provided an 86% reduction in inflammation three days following the procedure, a 70% reduction of thrombus at 14 days and a 50% increase in endothelial tissue coverage 45 days post procedure.
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ALHC | Hot Stocks16:04 EDT Alignment Healthcare announces Hyong Kim as chief medical officer - Alignment Healthcare announced the return of Hyong Kim, as its chief medical officer, or CMO, effective September 25. Kim will report to company founder and CEO John Kao. Kim played an integral role in Alignment's founding and, from 2013 to 2018, served as CMO of Alignment Healthcare, where he co-developed, built and managed Alignment's clinical operations team. In addition, he helped design and implement the clinical foundation for Care Anywhere and Ava, the company's care model and in-house, artificial intelligence-enabled data analytics platform, respectively. Kim served as chief clinical officer at CareConnect MD.
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CRGY | Hot Stocks16:04 EDT Crescent Energy to acquire additional interests in Western Eagle Ford position - Crescent Energy Company announced that it has entered into a definitive purchase agreement to acquire incremental working interest in its operated Western Eagle Ford assets for total consideration of $250M in cash, subject to customary purchase price adjustments. The acquisition follows the recent $600M acquisition of operatorship of the Western Eagle Ford position that closed in July 2023. Crescent CEO David Rockecharlie said, "We are pleased to further scale our high-quality Western Eagle Ford position following the recent acquisition of operatorship of this asset earlier in the quarter. This transaction is consistent with our strategy to grow opportunistically through accretive acquisitions, adding low decline cash flow and high quality inventory at attractive valuations while maintaining financial strength. With increased scale and operational control, we believe there are significant opportunities to realize meaningful synergies across our broader Eagle Ford footprint." The assets are within Crescent's existing operated footprint and are primarily located in Dimmit and Webb Counties, Texas. The transaction is expected to close in September 2023, subject to customary closing conditions, with an effective date of June 1, 2023. In conjunction with the signing of the transaction, the Company entered into additional hedges in-line with its risk-management strategy.
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ALGN | Hot Stocks16:01 EDT Align Technology to acquire Cubicure for about EUR79M - Align Technology announced that it has entered into a definitive agreement to acquire privately held Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing that develops, produces, and distributes innovative materials, equipment, and processes for novel 3D printing solutions. Cubicure's patented Hot Lithography technology uses a special heating and coating mechanism that enables the processing of highly viscous resins to produce particularly tough and temperature-resistant polymers. This high precision 3D printing process facilitates the unprecedented additive manufacturing of resilient components with an astonishing first of its kind material quality performance. "Align and Cubicure have worked together for many years and our successful collaboration has contributed to breakthrough technologies and innovation in direct 3D printing," said Srini Kaza, Align senior vice president of product research and development. "The acquisition of Cubicure will not only strengthen the Align Digital Platform and our core capabilities in direct 3D printing, but their talented team, including visionary founders, engineers, and material scientists, will expand our knowledge and expertise in one of the most strategic areas of innovation over the next decade. I look forward to welcoming the entire Cubicure team to Align and continuing to extend our global leadership in digital orthodontics and 3D printing." The acquisition of Cubicure will strengthen Align's existing intellectual property portfolio and know-how in direct 3D printing of appliances. Integration with Cubicure will also extend and scale Align's printing, materials, and manufacturing capabilities for our 3D printed product portfolio. The purchase price for the transaction will be approximately EUR79M subject to customary closing adjustments and adjustments for Align's existing ownership of capital stock of Cubicure. The acquisition is expected to close in Q4 2023 or early 2024.
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AMRX | Hot Stocks16:01 EDT Amneal Pharmaceuticals gets FDA approval for calcium gluconate injection - The company states: "Amneal Pharmaceuticals announced it has received Abbreviated New Drug Application approval from the FDA for calcium gluconate in sodium chloride injection, 1000 mg/50 mL and 2000 mg/100 mL. This injectable product is currently on the U.S. FDA shortage product list. The product approval received the FDA's Competitive Generic Therapy designation with 180-day exclusivity. Amneal has the highest number of CGT approvals in the U.S. Generics industry. According to IQVIA(R), U.S. annual sales for calcium gluconate in sodium chloride injection for the 12 months ended June 2023 were $107 million."
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AMZN... | Hot Stocks15:56 EDT FAA authorizes UPS Flight Forward and uAvionix for longer drone flights - The FAA authorized two more companies to operate drones beyond visual line of sight or BVLOS. UPS Flight Forward (UPS) with its Matternet M2 can conduct small package delivery and uAvionix with its Rapace can use the Vantis Network to test its detect and avoid technology. On August 24 the agency authorized Phoenix Air Unmanned to operate SwissDrones SVO 50 V2 drones beyond visual line of sight, BVLOS, for aerial work, aerial photography, survey and powerline and pipeline patrol and inspection. The FAA issued the approvals after asking for public input on four BVLOS requests. The agency is reviewing one additional request. Data collected from these operations will inform the FAA's ongoing policy and rulemaking activities. Learn more here and here. The FAA is focused on developing standard rules to make BVLOS operations routine, scalable and economically viable. The agency chartered the Beyond Visual Line of Sight Aviation Rulemaking Committee on June 9, 2021 to provide safety recommendations to the FAA. We are reviewing their final report. The FAA's long-term goal is to safely integrate drones into the National Airspace System rather than set aside separate airspace exclusively for drones. This approach is consistent with the FAA Modernization and Reform Act of 2012 and the FAA Extension, Safety, and Security Act of 2016. The 2016 Act directed the FAA, in conjunction with NASA, to continue developing a plan for Unmanned Aircraft System Traffic Management, UTM , which will assist in integration efforts. Publicly traded companies in the drone space include: Amazon (AMZN), EHang (EH),m Kratos Defense (KTOS) AeroVironment (AVAV), Joby Aviation(JOBY), and Northrop Grumman (NOC). Reference Link
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GM | Hot Stocks15:54 EDT Fitch upgrades GM and GM Financial's IDRs to 'BBB' - Fitch Ratings has upgraded the Long-Term Issuer Default Rating, or IDRs, of General Motors Company, General Motors Financial Company, and GMF's General Motors Financial of Canada, Ltd. subsidiary to "BBB" from "BBB-". Fitch stated: "The upgrades of GM's ratings reflect Fitch's view that the supply chain challenges and resulting production volatility of the past two years have largely abated. The ratings also reflect Fitch's expectation that the company's EBIT margins, FCF margins and leverage will all remain stronger over the intermediate term than those outlined in Fitch's previous positive rating sensitivities. GM continues to maintain a strong liquidity position and a balanced capital allocation policy that prioritizes financial flexibility and low leverage. The current labor negotiations create some near-term uncertainty, but Fitch expects the company to ultimately reach agreements that will remain supportive of its 'BBB' IDR."
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ETSY | Hot Stocks15:11 EDT Etsy says 'started to lean a little bit into discounting' - While presenting at the Goldman Sachs Communacopia conference, executives from Etsy stated in part, according to a transcript: "We haven't really competed or tried to compete on price, but in this environment, we've started to lean a little bit into discounting and I think that's what we're seeing a little bit in those categories with other ecommerce players is that things are 50, 65% off and that's that's not where we have played."
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BYND ADM | Hot Stocks14:37 EDT Beyond Meat down 6% in afternoon trading - Archer Daniels (ADM) stated while presenting at the Barclays conference that "on the plant based side of things, we continue to see destocking along with a slower rate of demand for plant based. And that's not all plant based. It's primarily plant based meat category," according to a transcript of the event. Shares of Beyond Meat (BYND) are down 6% to $11.08 in afternoon trading amid the commentary.
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AYX | Hot Stocks13:58 EDT Alteryx jumps after Reuters says company exploring possible sale - Shares of data analytics software company Alteryx are up $4.04, or 13%, to $34.43 after Reuters' Milana Vinn reported that the company has been working with an investment bank to explore a potential sale after attracting takeover interest. People familiar with the matter said the company is being advised by investment bank Qatalyst Partners on its discussions with potential acquirers, which include private equity firms, according to the report. Alteryx's valuation has made it an acquisition target after its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale, the report noted. Expressions of interest that Alteryx has received thus far have not met its valuation expectations, and the company may decide against any deal, the sources added. Reference Link
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CNI... | Hot Stocks13:56 EDT North American rail traffic down 5.2% for the week ending September 2 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending September 2, as well as volumes for August. U.S. railroads originated 1,133,375 carloads in August 2023, down 2%, or 23,323 carloads, from August 2022. U.S. railroads also originated 1,239,290 containers and trailers in August 2023, down 6.3% or 83,717 units, from the same month last year. Combined U.S. carload and intermodal originations in August 2023 were 2,372,665, down 4.3% or 107,040 carloads and intermodal units from August 2022. "August was the third straight month in which total year-over-year U.S. rail carloads have fallen," said AAR Senior Vice President John T. Gray. "A major reason why is that other than automotive manufacturing, the industrial economy, in recent months, has not been doing as well as other areas of the economy. Until industrial activity, and especially manufacturing, recovers, rail volumes in many key markets could remain constrained."...Total U.S. weekly rail traffic was 476,851 carloads and intermodal units, down 5.4% compared with the same week last year. Total carloads for the week ending September 2 were 231,113 carloads, down 1.6% compared with the same week in 2022, while U.S. weekly intermodal volume was 245,738 containers and trailers, down 8.7% compared to 2022. North American rail volume for the week ending September 2, on 10 reporting U.S., Canadian and Mexican railroads totaled 337,338 carloads, down 0.1% compared with the same week last year, and 328,232 intermodal units, down 9.9% compared with last year. Total combined weekly rail traffic in North America was 665,570 carloads and intermodal units, down 5.2%. North American rail volume for the first 35 weeks of 2023 was 22,675,055 carloads and intermodal units, down 4.1% compared with 2022. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP),Trinity Industries (TRN), Greenbrier (GBX), Wabtec (WAB), FreightCar America (RAIL) and Rail Vision (RVSN). Reference Link
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AYX | Hot Stocks13:54 EDT Alteryx up 11% after Reuters says company exploring sale
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AYX | Hot Stocks13:52 EDT Alteryx trading resumes
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LSXMA... | Hot Stocks13:47 EDT Liberty Media announces agreement to acquire QuintEvents - Liberty Media (LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced that it has entered into a definitive agreement to acquire greater than 90% of QuintEvents in a transaction valuing the company at $313M. Quint will be attributed to Liberty Media's Formula One Group tracking stock, and the transaction, which is expected to be accretive, will be funded with cash on hand. "Quint is a global provider of official ticket, hospitality and travel experiences to many of the world's most prominent sports and entertainment events. Quint packages and sells ticket and hospitality inventory with unique experiences through marquee relationships with sporting event rightsholders including Formula 1, the NBA, the Kentucky Derby and MotoGP... F1 and Quint will continue to be operated as separate companies. The enhanced partnership creates numerous growth opportunities within F1 and for Quint's other partnerships like the NBA, Kentucky Derby and MotoGP. The transaction will accelerate Quint's specialized sales engine and leverage onsite event expertise to deliver best-in-class experiences to fans. Closing is anticipated by year-end and is subject to customary closing conditions, including applicable antitrust filings," the company stated. "We are excited for Quint to join the Liberty family and strengthen our position in sports and live entertainment. Brian Ruede, Brian Learst and their team have built an innovative business that delivers unique consumer experiences at the world's most sought-after events. Quint is a high-growth company with attractive free cash conversion. As a commercial partner to F1, Quint has proven their expertise in product development and sales through their creation of the F1 Experiences program. We have high conviction in the demand for premium, live events and will work with Quint's management to enhance F1 offerings and bring Quint's services to more sports," said Greg Maffei, Liberty Media President and CEO.
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AYX | Hot Stocks13:47 EDT Alteryx trading halted, volatility trading pause
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DCGO | Hot Stocks13:43 EDT NYC Comptroller Lander declines to approve $432M DocGo contract - New York City Comptroller Brad Lander announced he declined to approve a $432M contract with DocGo, formally known as Rapid Reliable Testing NY LLC, which the office said is "the first time during Comptroller Lander's term that his office has done so regarding an emergency contract." Lander returned the contract to the Department of Housing & Preservation Development, or HPD, citing numerous concerns associated with vendor selection, vendor responsibility, fiscal capacity and subcontractor selection, the office announced earlier. "My office did not make this decision lightly. After a careful review, we are declining to approve this contract due to numerous outstanding concerns. The agency's contract submission to our office fails to describe how the $432 million price tag was reached. There was little evidence to show that this company has the experience to provide the services it has been contracted for. Contradictory information was provided regarding their fiscal capacity and serious questions were raised about the integrity and responsibility of this vendor and their subcontractors. After thorough review, we are returning the contract to HPD and encouraging them to reconsider whether this vendor is appropriate for the services described," said Comptroller Brad Lander. DocGo shares are down 61c, or 7%, to $7.56 in afternoon trading. Reference Link
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DCGO | Hot Stocks13:42 EDT DocGo receives HPD letter regarding agreement with Rapid Reliable Testing NY - According to a regulatory filing, on September 5, 2023, the Comptroller of the City of New York issued a letter to the Commissioner of the Department of Housing Preservation and Development regarding HPD's agreement with Rapid Reliable Testing NY LLC, a subsidiary of DocGo Inc.,, for the provision of certain services to asylum seekers. In the Comptroller Letter, the Comptroller indicated that his office was returning the Agreement to HPD without approval. On September 6, 2023, the Company received a letter from HPD stating that, notwithstanding the Comptroller Letter, (i) HPD intends to inform the Comptroller that he is required to take the necessary steps for HPD to make payments under the Agreement, (ii) there is no risk of non-payment as a result of the Comptroller Letter, and the Company will be paid in accordance with the Agreement, and (iii) payment under the Agreement will commence promptly. A copy of the HPD Letter is attached to this Current Report on Form 8-K as Exhibit 99.1.
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GROM | Hot Stocks13:39 EDT Grom Social Enterprises announces 1-for-20 reverse stock split - Grom Social Enterprises announced that its board of directors has approved a 1-for-20 reverse stock split of its common shares, primarily to comply with Nasdaq's minimum bid price requirement. The reverse split will be effective on September 7 and the company's common stock will trade on a post-split basis under the same symbol, GROM, commencing with the opening of trading on the Nasdaq Capital Market on September 7.
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TMUS DTEGY | Hot Stocks13:34 EDT T-Mobile authorizes shareholder return program of up to $19B - T-Mobile US (TMUS) announced that its Board of Directors has authorized a shareholder return program of up to $19.0B that will run through December 31, 2024. The shareholder return program is expected to consist of additional repurchases of shares of the company's common stock and payment of cash dividends. The company intends to declare and pay its first dividend of approximately $750M in the fourth quarter of 2023 and then to pay approximately $3.0B in total additional dividends in 2024, with payments occurring each quarter during the year. The dividend amount paid per share is expected to grow by around 10% annually. The amount available under the shareholder return program for share repurchases will be reduced by the amount of any cash dividends declared and paid by the company. Deutsche Telekom AG (DTEGY) does not currently anticipate selling shares directly to the company under the shareholder return program, but DT has reserved the right to sell shares of the company's common stock through one or more customary 10b5-1 plans any time after January 1, 2024. "Share repurchases and any dividends declared by the board and paid from time to time are expected to be made from available cash on hand and proceeds of one or more debt issuances or other borrowings, based on the company's evaluation of market conditions and other factors. For the avoidance of doubt, the shareholder return program is in addition to the company's previously announced $14.0B share repurchase program that the board authorized in September 2022," the company stated in a regulatory filing.
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IBM JNJ | Hot Stocks13:32 EDT IBM announces data incident for Janssen CarePath database - IBM (IBM) is notifying Janssen CarePath customers and users of an incident involving unauthorized access to personal information contained within a database used on the Janssen CarePath platform, a patient support platform that offers savings options and other patient support resources.IBM is a service provider to Johnson & Johnson Health Care Systems, Inc. (JNJ). IBM manages the application and the third-party database that supports Janssen CarePath. "Janssen recently became aware of a technical method by which unauthorized access to the database could be obtained. Janssen then immediately notified IBM, and, working with the database provider, IBM promptly remediated the issue. IBM also undertook an investigation to assess whether there had been unauthorized access to the database. While IBM's investigation identified, on August 2, 2023, that there was unauthorized access to personal information in the database, the investigation was unable to determine the extent of that access. As a result, IBM has begun notifying Janssen CarePath customers and users whose information was contained in the Janssen CarePath database out of an abundance of caution. The information involved in this incident may have included individuals' names and one or more of the following: contact information, date of birth, health insurance information, and information about medications and associated conditions that were provided to the Janssen CarePath application. Social Security numbers and financial account information were not contained in the database or affected. After being informed of the issue by Janssen, IBM and the database provider promptly identified and implemented steps that disabled the technical method at issue. IBM also worked with the database provider to augment security controls to reduce the chance of a similar event occurring in the future. While there is no indication that any of the involved information has been misused, complimentary one-year credit monitoring service is being offered to individuals whose information may have been involved."
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IBM JNJ | Hot Stocks13:31 EDT IBM announces data incident for Janssen CarePath database
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TMUS | Hot Stocks13:23 EDT T-Mobile CEO says authorizing added $19B in buybacks, dividends - While speaking at the Goldman Sachs Communacopia conference, T-Mobile CEO Mike Sievert said, according to a transcript of the event, that what is next for the company after integration is "taking advantages of the strengths we've built in network and the ability to deliver a superior value to continue to profitably outpace this market on growth and translate that into superior cash flow returns for our shareholders... We're in the middle of a multiyear strategy for this company post merger that is working and the business is performing very, very well. That stability in fact, is it okay if I break some news... So that stability and quarter-after-quarter performance and demonstration of our ability to translate this strategy into cash flows has caused us as a Board to go ahead and authorize the next tranche of shareholder remuneration. And so we are going to be authorizing a $19 billion program over the next 5 quarters through the end of 2024. And in addition to the $14 billion that we expect to complete this quarter. And it's really an exciting moment for us. And by the way, part of that this is also news for the first time in our history, we will authorize a $3 billion annual dividend as part of that $19 billion. So across the 5 quarters, that's $3.75 billion in quarterly dividend payments. And we expect the dividends to grow after this year at about 10% per year. And so we're starting down that path now in a business that is expected to deliver $16 billion to $18 billion in cash flows according to our Analyst Day guidance for next year. That's a modest start, but I think it's really important to begin to move down that path without constraining us in any way in terms of our ability to allocate capital to business objectives."
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RVYL | Hot Stocks13:23 EDT Ryvyl announces 1-for-10 reverse stock split - Ryvyl announced that its board approved a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-10. The reverse stock split is expected to become legally effective on September 6. The shares are expected to begin trading on the split-adjusted basis on the Nasdaq under the company's existing trading symbol "RVYL" at market open on September 7.
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VHNA | Hot Stocks13:23 EDT Vahanna Tech Edge Acquisition I Corp trading resumes
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VHNA | Hot Stocks13:13 EDT Vahanna Tech Edge Acquisition I Corp trading halted, volatility trading pause
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LMT | Hot Stocks12:34 EDT Lockheed Martin now expects to deliver 97 aircraft in 2023 - According to a regulatory filing, Lockheed Martin has updated its F-35 Technology Refresh 3 schedule projections and currently anticipates delivering the first TR-3 jet between April and June 2024. "As a result, we now expect to deliver 97 aircraft in 2023, all in the TR-2 configuration, which we do not currently anticipate will impact our 2023 financial outlook," the company said. "We are producing F-35s at a rate of 156 per year and expect to continue at that pace while simultaneously working to finalize TR-3 software development and testing. Additionally, we remain focused on receiving the necessary hardware from our suppliers to deliver this critical combat capability for the F-35. The number of 2024 F-35 deliveries will depend on when the first TR-3 aircraft is delivered and the time needed to complete the customer's acceptance process. We continue to assess impacts to 2024 and will have updates as the test plan continues."
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HKIT | Hot Stocks12:30 EDT Hitek Global Inc trading resumes
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HKIT | Hot Stocks12:25 EDT Hitek Global Inc trading halted, volatility trading pause
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AVID | Hot Stocks12:12 EDT Avid Technology announces commercial availability of Avid Stream IO - Avid is announcing the commercial availability of Avid Stream IO, a new flexible subscription-based software platform for production ingest and playout of news, sports, live entertainment and other TV content. Already, broadcasters around the world - including CNBC-TV18 and BQ Prime- are signing up to take advantage of the new solution at launch. With a flexible architecture that can be configured to ingest or play out IP streams and SDI streams, Avid Stream IO allows news, sports and live content producers to migrate from legacy workflows and on-premises deployment to cloud and IP workflows at their own pace.
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AVID | Hot Stocks12:06 EDT Avid Technology launches Stream IO subscription-based playout platform - Avid is announcing the commercial availability of Avid Stream IO, a new subscription-based software platform for production ingest and playout of news, sports, live entertainment and other TV content. Avid Stream IO allows news, sports and live content producers to migrate from legacy workflows and on-premises deployment to cloud and IP workflows at their own pace, the company said in a statement.
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XPOF | Hot Stocks12:00 EDT Xponential Fitness falls -10.6% - Xponential Fitness is down -10.6%, or -$2.38 to $20.15.
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ASAN | Hot Stocks12:00 EDT Asana falls -11.1% - Asana is down -11.1%, or -$2.40 to $19.24.
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AMC | Hot Stocks12:00 EDT AMC Entertainment falls -26.0% - AMC Entertainment is down -26.0%, or -$3.54 to $10.10.
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CVEO | Hot Stocks12:00 EDT Civeo rises 6.6% - Civeo is up 6.6%, or $1.23 to $19.86.
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SE | Hot Stocks12:00 EDT Sea Limited rises 6.6% - Sea Limited is up 6.6%, or $2.47 to $39.78.
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GFOR | Hot Stocks12:00 EDT Graf Acquisition IV rises 6.7% - Graf Acquisition IV is up 6.7%, or 65c to $10.40.
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T | Hot Stocks11:49 EDT AT&T: No public health crisis at site mentioned in WSJ lead cable story - AT&T CEO John Stankey, at the Goldman Sachs Communacopia conference, says the company got results back from the EPA on Tuesday after a review of a site mentioned in the Wall Street Journal lead cable story and that the EPA concluded that there is no public health crisis for risk at that site.
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SAVA | Hot Stocks11:39 EDT ClinicalTrials post shows Cassava RETHINK-ALZ study done recruiting - A post dated September 2 to the ClinicalTrials.gov website indicates that the RETHINK-ALZ study of simufilam 100 mg for mild-to-moderate Alzheimer's Disease being conducted by Cassava Sciences is now listed as "Active, not recruiting." The study completion is listed on the site as "October 2024 ". Reference Link
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CMCSA... | Hot Stocks11:01 EDT Comcast CEO Roberts says signed modification to Hulu deal with Disney - The agreement brings forward the date to start the process with Hulu, says Comcast CEO Brian Roberts at the Goldman Sachs Communacopia conference. September 30 will be new deadline for the Hulu decision, Roberts says, adding that the $27.5B figure was hypothetical, today's Hulu value is higher. The new Hulu contract has a high appraisal value, says Roberts. The proceeds of any deal will go to shareholders, the CEO says.
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NRXP | Hot Stocks10:57 EDT NRx Pharmaceuticals announces data on in vitro activity of NRX-101 - NRx Pharmaceuticals announced new data that demonstrate potent in vitro activity of NRX-101 against reference strains of Urinary Tract pathogens known to cause complicated urinary tract infections. D-cycloserine was originally developed as an anti-infective in the 1950's but was never labeled for treatment of UTI, because of the prevalent and then-effective use of common antibiotics. In recent years, however, cUTI is increasingly caused by pathogens that are resistant to common antibiotics and are increasingly likely to cause sepsis, a lethal condition. Approximately 17,000 deaths per year in the United States are attributed to genitourinary sepsis. The study, commissioned by NRx at Charles River Laboratories, is consistent with previously reported academic studies that demonstrate potency of DCS in antibiotic-resistant strains of urinary pathogens. If successfully developed, NRX-101 could offer cUTI patients an effective therapy with a favorable safety profile. Because NRx has already completed the phase 3 manufacture of NRX-101, the Company is in a position to immediately seek investigational human use for this indication, while continuing to develop NRX-101 for suicidal depression and chronic pain.
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WE | Hot Stocks10:48 EDT WeWork up 13% after announcing plans to renegotiate or exit leases - WeWork shares are up 45c, or 13%, to $3.99 following the letter from the company's CEO regarding the plans.
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WE | Hot Stocks10:46 EDT WeWork to renegotiate 'nearly all' leases, exit unfit locations
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WE | Hot Stocks10:45 EDT WeWork to renogiate 'nearly all' leases, exit unfit locations
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WE | Hot Stocks10:44 EDT WeWork says working with landlords to renegotiate all leases - WeWork CEO David Tolley said in a letter posted to the company's website that, "Following a period of unsustainable hypergrowth, WeWork has been on a years-long transformation to resize our cost structure, grow sustainable revenue and strengthen our balance sheet. All this while navigating a global pandemic. As I shared a few weeks ago, despite the important actions we've taken over time to improve our company and real estate footprint, our current lease liabilities - which were over two-thirds of total operating expenses in the second quarter - still remain too high and are dramatically out of step with current market conditions... Today, we are kicking off a process of global engagement with our landlords to renegotiate nearly all our leases. We will seek to negotiate terms with our landlords that allow WeWork to maintain our unmatched quality of service and global network, in a financially sustainable manner. As part of these negotiations, we expect to exit unfit and underperforming locations and to reinvest in our strongest assets as we continuously improve our product. This process has no impact on our commitment to delivering for our members and, for the most part, we expect no changes to our day-to-day operations." Reference Link
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VUZI | Hot Stocks10:11 EDT Vuzix signs distribution agreement with PDC - Vuzix Corporation has entered into a distribution agreement with The Printer Distribution Company, an Africa-based value-added technology distributor of leading solutions in front office, back office and networking applications. Vuzix has received and shipped against an initial volume purchase order from PDC, who will distribute and support Vuzix smart glasses products to its customers across Africa.
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GFGD | Hot Stocks10:08 EDT Growth for Good Acquisition Corp trading resumes
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ABML | Hot Stocks10:05 EDT American Battery receives contract for $57M grant from U.S. DOE - American Battery Technology Company has received its $57M contract award from the U.S. Department of Energy for a multi-year project to design, construct, and operate its first-of-kind commercial-scale lithium hydroxide manufacturing facility in Tonopah, Nevada.
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NBSE | Hot Stocks10:04 EDT Symetryx acquires 20% stock in NeuBase Therapeutics - Symetryx Corporation announced that it has acquired 20% of the issued and outstanding common stock in Neubase Therapeutics. Symetryx is now urging the Board to issue a special $1 per share dividend. Symetryx has bought these shares on the open market and intends to engage with the management of Neubase to chart the best path forward for shareholders. Neubase, as disclosed in its previous news releases, is currently undergoing a strategic review of the company's operations. Symetryx notes that for the quarter ended June 30, 2023, Neubase reported approximate cash balance of $14.7 million. Symetryx is of the view that the cash position of the company makes Neubase a very attractive merger candidate, and it does not believe that a $1 per share dividend would make the company any less attractive. The shareholder base of the company invested in Neubase for the exciting work they were doing, not in a shell looking for a target. With the strategic review underway, we believe both rewarding shareholders with a dividend, and looking for a merger candidate is a true win-win for shareholders. Symetryx notes that the Company has met with Symetryx and is receptive to ongoing discussions. Symetryx is encouraged by the actions the Company has taken. Symetryx is of the view that many companies exhaust their cash balances in similar strategic alternative reviews and it would like to work closely with Neubase to ensure that assets of the company are utilized judiciously to maximize shareholder value. We believe all options should be available for the board to consider, whether that be a merger, acquisition, special dividend to shareholders, or a winding down of the company and return of capital to shareholders.
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ZBH | Hot Stocks10:03 EDT Zimmer Biomet 'very confident' in guidance for 2H23
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ZBH | Hot Stocks10:03 EDT Zimmer Biomet 'very pleased' with how Q3 is progressing - Comments taken from the Wells Fargo Healthcare Conference.
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GFGD | Hot Stocks10:03 EDT Growth for Good Acquisition Corp trading halted, volatility trading pause
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CMLS | Hot Stocks10:02 EDT Cumulus Media enters new deal with Rich Eisen - Cumulus Media announced a new deal with Emmy- and Marconi-nominated host Rich Eisen for the Cumulus Podcast Network to distribute, market, and monetize all existing and forthcoming podcasts with the newly formed Rich Eisen Podcast Network. Eisen's latest production, What The Football with Suzy Shuster and Amy Trask, drops its first episode, Tuesday, September 12th on the Cumulus Podcast Network. What the Football with Suzy Shuster and Amy Trask is a unique blend of witty banter, offbeat conversations, and expert sports commentary, hosted by Emmy Award-winning broadcaster Suzy Shuster alongside the first female CEO in the NFL, the "Princess of Darkness" herself, Amy Trask. This lively, often hilarious podcast gives listeners an exclusive look into the world of NFL football. From the sidelines to the locker rooms, and all the way up to the front office, nothing is off limits as Suzy and Amy interview the biggest names and personalities in football, sports, and entertainment while sharing their personal insights from the weekend's gridiron action. What The Football with Suzy Shuster and Amy Trask drops weekly on Tuesdays throughout the NFL Season.
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ENB | Hot Stocks10:00 EDT Enbridge falls -6.2% - Enbridge is down -6.2%, or -$2.18 to $33.11.
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ASAN | Hot Stocks10:00 EDT Asana falls -10.8% - Asana is down -10.8%, or -$2.34 to $19.30.
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AMC | Hot Stocks10:00 EDT AMC Entertainment falls -19.2% - AMC Entertainment is down -19.2%, or -$2.62 to $11.03.
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IONQ | Hot Stocks10:00 EDT IonQ rises 4.6% - IonQ is up 4.6%, or 88c to $19.85.
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SHCO | Hot Stocks10:00 EDT Soho House rises 6.6% - Soho House is up 6.6%, or 48c to $7.77.
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WE | Hot Stocks10:00 EDT WeWork rises 11.0% - WeWork is up 11.0%, or 39c to $3.93.
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JBLU | Hot Stocks09:53 EDT JetBlue says experiencing system outage, expects fix 'soon' - JetBlue tweeted: "We are experiencing a system outage now. We apologize for the inconvenience. We expect to have it fixed soon." Reference Link
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ENB | Hot Stocks09:47 EDT Enbridge falls -5.9% - Enbridge is down -5.9%, or -$2.07 to $33.22.
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ASAN | Hot Stocks09:47 EDT Asana falls -7.9% - Asana is down -7.9%, or -$1.70 to $19.94.
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AMC | Hot Stocks09:47 EDT AMC Entertainment falls -17.6% - AMC Entertainment is down -17.6%, or -$2.40 to $11.24.
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SOS | Hot Stocks09:47 EDT SOS Limited rises 5.2% - SOS Limited is up 5.2%, or 20c to $4.07.
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TOST | Hot Stocks09:47 EDT Toast rises 5.2% - Toast is up 5.2%, or $1.14 to $22.80.
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XPOF | Hot Stocks09:47 EDT Xponential Fitness rises 5.3% - Xponential Fitness is up 5.3%, or $1.20 to $23.73.
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ADTX | Hot Stocks09:44 EDT ADiTx Therapeutics trading resumes
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ADTX | Hot Stocks09:39 EDT ADiTx Therapeutics trading halted, volatility trading pause
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ICCT | Hot Stocks09:38 EDT iCoreConnect Inc trading resumes
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MOD | Hot Stocks09:34 EDT Modine Manufacturing announces sale of three automotive businesses in Germany - Modine announced today that it has signed a definitive agreement to sell three Modine businesses based in Germany to affiliates of Regent LP. The businesses are located in Neuenkirchen, Pliezhausen and Wackersdorf. The sale is expected to be completed in the next few weeks pending regulatory approval. "The sale of these businesses is in line with our strategy to focus our resources on high-margin technologies with strong growth drivers," said Neil Brinker, President and Chief Executive Officer of Modine. "These businesses produce and service non-strategic parts for internal combustion diesel and gasoline engines in the European automotive market. Coming on the heels of Modine's acquisition of Napps Technology, the divestiture of these businesses represents our continued commitment to focus on innovative, engineered solutions that help us achieve our long-term margin targets and furthers our purpose of engineering a cleaner, healthier world."
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ICCT | Hot Stocks09:33 EDT iCoreConnect Inc trading halted, volatility trading pause
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DSX | Hot Stocks09:29 EDT Diana Shipping announces direct continuation of time charter contract - Diana Shipping has extended the time charter contract with Reachy Shipping for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$11,250 per day, minus a 5% commission paid to third parties, for a period until minimum February 20, 2024 up to maximum April 20, 2024. The new charter period is expected to commence today. The "Crystalia" is an 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. The employment of "Crystalia" is anticipated to generate approximately $1.85 million of gross revenue for the minimum scheduled period of the time charter.
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MMSI | Hot Stocks09:28 EDT Merit Medical launches Aspira evacuated drainage bottle - Merit Medical Systems announced U.S. commercial release of its Aspira Bottle. The new evacuated drainage bottle is the latest addition to Merit's drainage portfolio. Offering a wide range of intervention products, solutions, and accessories, the comprehensive portfolio includes the Aspira System and ReSolve line, thoracostomy, thoracentesis, and paracentesis trays and sets as well as bags and other support products.
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AMZN | Hot Stocks09:26 EDT Amazon announces lawsuits against 'bad actors' selling counterfeit goods - Amazon and its Counterfeit Crimes Unit or CCU announced the filing of two new lawsuits against Kamryn Russell, Ashley Hawat, and their co-conspirators who knowingly attempted to evade Amazon's brand protection systems in an effort to promote, advertise, and facilitate the sale of counterfeit luxury fashion goods such as jewelry, handbags, and accessories. Amazon works across the globe to fight counterfeiters, filing joint lawsuits with brands to eliminate the sale of counterfeits not only in Amazon's store but across the supply chain. Through its partnership with brands of all sizes, Amazon's CCU constantly uncovers new approaches counterfeiters take to try to deceive customers and evade the law. The CCU uses that intelligence to equip law enforcement to pursue bad actors. In 2022, the CCU sued or referred for investigation over 1,300 criminals in the U.S., UK, EU, and China. In this case, both Russell and Hawat attempted to use a "hidden links" scheme in which they posted links on their social media pages that directed their followers to seemingly generic product listing pages in the Amazon store. Russell and Hawat's co-conspirators disguised the infringing nature of the products they were selling in order to avoid detection by Amazon and the brand, often by blurring the brand's logo. Russell and Hawat's social media posts then made it clear to their followers that if they purchased these seemingly non-infringing and non-branded products, they would actually receive counterfeit luxury products. These bad actors also urged their followers to buy these products before Amazon could take down the listings.
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FROG | Hot Stocks09:24 EDT JFrog announces Shanti Ariker has joined as Chief Legal Officer - JFrog announced Shanti Ariker has joined as the company's Chief Legal Officer, CLO. Reporting directly to co-founder and CEO Shlomi Ben Haim, Ms. Ariker serves on the company's executive team overseeing corporate governance, risk, and compliance initiatives, including ESG activities, while supporting strategic growth initiatives, and partnerships.
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CMND | Hot Stocks09:22 EDT Clearmind Medicine enters collaboration with Johns Hopkins University - Clearmind Medicine has entered into a Clinical Trial Agreement with Johns Hopkins University School of Medicine to conduct its Phase I/IIa clinical trial of its proprietary MEAI-based CMND-100. The principal investigator, Jennifer Ellis, PhD, Associate Professor of Psychiatry and Behavioral Sciences, JHU School of Medicine will be supported by co-investigators Professor Eric Strain, Director, Behavioral Pharmacology Research Unit, JHU School of Medicine. The potential of psychedelic drugs to treat various neuropsychiatric indications is currently being explored in several human clinical trials. Clearmind's phase I/IIa trial, CM-CMND-001, the primary end point of the clinical trial is to find the tolerable dose and characterize the safety and pharmacokinetics/pharmacodynamics of single and repeated doses of CMND-100 in healthy subjects and those with Alcohol Use Disorder. The secondary end point is to evaluate the efficacy of CMND-100 in reduction of drinking patterns and cravings, in individuals with moderate-to-severe AUD. Oral capsules will be administered once daily, for ten consecutive days. The patients will report their drinking patterns and craving for alcohol during the clinical trial period. CM-CMND-001 clinical trial is a multinational, multi-center, Phase I/II single- and multiple-dose tolerability, safety and pharmacokinetic study in healthy volunteers and AUD subjects.
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VLRS | Hot Stocks09:21 EDT Volaris reports capacity increased 11.4% year-over-year in August - Controladora Vuela Compania de Aviacion reports its August 2023 preliminary traffic results. In August 2023, Volaris' capacity increased by 11.4% year-over-year, while demand increased by 14.3%; the result was a load factor increase of 2.3 pp YoY to 87.2%. Volaris transported 3.1 million passengers during the month, a 12.9% increase compared to August 2022. Demand in the Mexican domestic and international markets increased by 8.9% and 28.0%, respectively. Enrique Beltranena, Volaris' President and CEO, said: "In August 2023, Volaris carried its greatest number of passengers in a single month. Our strategic adjustments to the domestic network have yielded positive results, particularly in RPMs. Looking forward, the demand in all our markets remains robust. Additionally, our international markets continue to exhibit notable strength."
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LUCD PAVM | Hot Stocks09:19 EDT Lucid Diagnostics releases data on clinical utility of EsoGuard - Lucid Diagnostics (LUCD), and majority-owned subsidiary of PAVmed Inc. (PAVM), announced it has released positive data from a retrospective analysis demonstrating real-world clinical utility of EsoGuard Esophageal DNA testing for the detection of esophageal precancer in a large cohort of fire fighters. The study documents 100 percent concordance between clinically directed EsoGuard test results and subsequent medical decision-making by the prescribing physician. It demonstrates that EsoGuard can efficiently test large populations at risk for esophageal precancer, allowing physicians to utilize EsoGuard results to appropriately triage those requiring confirmatory endoscopy in a manner broadly consistent with established, and recently updated, professional society guidelines. The manuscript, entitled Clinical Utility of EsoGuard as a Triage Test for Endoscopy to Identify Barrett's Esophagus in Fire Fighters, has been posted on the leading health sciences preprint server, medRxiv, pending peer review and publication. The release of these data closely aligns with and strongly supports recently proposed federal legislation seeking to fund guaranteed firefighter access to early detection tests such as EsoGuard. "These outstanding results of our first clinical utility study could not be more timely," said Lishan Aklog, M.D., Lucid's Chairman & Chief Executive Officer. "We have been gearing up to fully engage with payors for some time and are now armed with excellent clinical utility data and an expanding claims history to support these engagements. The timing aligns with our recent transition to an upgraded revenue cycle management provider, which continues to have a positive impact on claims processing, allowances, and collections.."
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NVS ABBV | Hot Stocks09:18 EDT Novartis names AbbVie's Patrick Horber as President, International - Novartis (NVS) announced that Marie-France Tschudin, President, Innovative Medicines International and Chief Commercial Officer, has decided to leave the company and will step down from the Executive Committee of Novartis, effective September 15, after nearly seven years of commercial leadership at Novartis. Patrick Horber, M.D., currently Senior Vice President and President, Immunology at AbbVie (ABBV), has been appointed as President, International, effective later this year, reporting to Vas Narasimhan, M.D., CEO of Novartis. Horber will become a member of the ECN. Mukul Mehta, CFO, International, will lead the unit ad-interim until Horber assumes the role.
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AVTA | Hot Stocks09:18 EDT Avantax welcomes CFS financial services - Avantax welcomes Comprehensive Financial Services, or CFS, a California-based financial services firm with more than $230M in total client assets as of May 15. The eight-person firm is led by Anna Luke, CFP and her husband Victor Luke; they transferred to Avantax from Independent Financial Group, or IFG. Anna Luke has grown a loyal client base by delivering extraordinary service with a disciplined financial planning approach that includes meeting often with clients, focusing on wealth preservation, and taking a personal approach to client care.
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ITRI | Hot Stocks09:13 EDT Itron teams with JEPCO to advance company's digital transformation - Itron announced that it is collaborating with Jordan Electric Power Company JEPCO , the leading distribution company in Jordan on the Arabian Peninsula, to advance the company's digital transformation. JEPCO is implementing its data collection solution with Itron Enterprise Edition Meter Data Management to streamline business operations and centralize data management. Itron channel partner, Advanced Technologies, will deploy IEE MDM which will initially enable JEPCO to manage data from more than 1.5 million smart meters, with the capability to manage an additional 100,000 meters per year over the next five years. "Itron Enterprise Edition MDM solution provides JEPCO with the robust foundation it needs to maximize value from its smart meter deployment," said Mohammad Shakhatreh, regional sales director in the Middle East at Itron. "As JEPCO uplevels its smart grid, Itron's solution will play a critical role in their digital transformation. Using data insights from the meter, JEPCO can empower its customers to understand their energy usage. As JEPCO looks to modernize its grid and achieve excellence in serving its customer in Jordan, Itron's solution will give the utility the foundation it needs to maximize its smart meter deployment."
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CXDO | Hot Stocks09:13 EDT Crexendo joins Webull Corporate Communications Service Platform - Crexendo announced that the Company has begun participating on the Webull Corporate Communications Service Platform. The Crexendo page on the Webull Platform will help provide the Company with a direct line of communication to shareholders and followers by providing up-to-date notifications regarding corporate content such as Company news, earnings reports, investor presentations, and more.
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LUV | Hot Stocks09:13 EDT Southwest: Weather-related disruptions won't have material impact on Q3 results
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LUV | Hot Stocks09:12 EDT Southwest sees Q3 RASM down 5%-7% vs. prior view of down 3%-7% - Sees Q3 ASMs up 12% y/y, with CASM-ex up 3.5%-6.5% y/y. In a regulatory filing, Southwest said "While August 2023 close-in leisure bookings were on the lower-end of the Company's expectations, modestly impacted by seasonal trends, overall leisure demand and yields continue to remain healthy. Travel demand during Labor Day weekend was strong and produced a record revenue performance for the holiday weekend. Managed business trends continue to perform in line with expectations, and the Company continues to expect overall corporate travel to have a modest underlying year-over-year sequential trend improvement in third quarter 2023 when compared with second quarter 2023. As a result, the Company continues to expect record third quarter operating revenues. The Company continues to deliver a solid operational performance. The Company's third quarter 2023 completion rate of approximately 99 percent, thus far, is in-line with expectations despite a challenging operating environment. Very strong daily operational performance has, thus far, offset the impact of roughly 1,400 cancellations from extreme weather-related disruptions, including hurricanes Hilary and Idalia, the Maui wildfires, and summer storm activity. As a result, the Company has not made any material revisions to its 2023 capacity plans compared with previous guidance. Furthermore, the Company does not expect the August 2023 weather-related disruptions to have a material impact on its third quarter 2023 financial results."
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LUV | Hot Stocks09:12 EDT Southwest sees 'record' Q3 operating revenues
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ALPP | Hot Stocks09:12 EDT Morris Sheet Metal awarded $5.1M in new contracts - Alpine 4 Holdings announces $5.1M in new contracts for a project headed by Stellantis Automobile Corporation and Samsung SDI. MSM's participation in this $2.5B project represents its initial contribution to a Lithium-ion battery plant and is expected to grow as the project advances into additional phases. The announcement comes as Morris Sheet Metal continues to report rising profit margins. This initial contract is for the mechanical installation for advanced production lines, and comprehensive HVAC safety measures that are compliant with national and international standards. This project has been designed for scalability to meet future market needs, leaving the door open for additional projects to be awarded to MSM.
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FLEX | Hot Stocks09:11 EDT Flex releases 2023 sustainability report - Flex published its 2023 sustainability report, highlighting the company's global sustainability activities, performance, and results from calendar year 2022. "The strides we've made toward our long-term commitments is a testament to our 170,000 employees' ongoing dedication and contributions, and collaboration with our suppliers and customers," said Kyra Whitten, Senior Vice President, Corporate Marketing, Communications, and Sustainability at Flex. "Sustainability is an ongoing journey, and we will continue to further embrace sustainable, responsible manufacturing practices as we build great products for our customers, deliver stakeholder value, and do our part to help address broader environmental and social call-to-actions for current and future generations."
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APDN | Hot Stocks09:11 EDT Applied DNA appoints Beverly Wolgast as executive director of Quality and cGMP - Applied DNA Sciences announced the appointment of Beverly Wolgast, as executive director of Quality and cGMP Programs. Wolgast will oversee and manage Applied DNA's quality assurance and control and regulatory compliance spanning the Company's three business segments, including implementing an ISO 13485-based quality management system for the scalable cGMP manufacture of LineaDNA. Wolgast brings to Applied DNA over 30 years of pharmaceutical and biotech experience in commercial and clinical-stage companies, with a proven track record of quality and regulatory compliance management and expertise in commercial biologics manufacturing operations.
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GPS | Hot Stocks09:10 EDT Gap's Banana Republic celebrates launch of BR Home - Banana Republic, a lifestyle brand in the Gap portfolio, celebrates the launch of BR Home. This new business marks a milestone in the brand's transformation as a leading destination for the modern explorer. The BR Home collection, expanding across bedroom, living room, and dining room furniture as well as lighting and home decor, showcases materials and craftsmanship from around the world, building on the quality expressed through the brand's ready-to-wear lines.
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UPXI | Hot Stocks09:10 EDT Upexi announces operational measures to monetize non-core assets - Upexi is announcing strategic operational measures to monetize non-core assets, reduce expenses and drive profitability. On August 31, 2023, Upexi entered into an Equity Interest Purchase Agreement pursuant to which the Company sold One hundred percent of the issued and outstanding equity of its wholly owned subsidiary Interactive Offers for $1,250,000, subject to certain customary post-closing adjustments. In addition, there is an obligation to pay Upexi 2.5% of certain advertising revenues of Interactive for a two-year period post-closing. On September 1, 2023, Upexi also exercised its option to acquire the remaining 45% of the issued and outstanding equity of Cygnet Online, LLC. As a result of the foregoing the Company now owns 100% of the issued and outstanding equity of Cygnet.
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FWRG | Hot Stocks09:09 EDT First Watch Restaurant promotes Matt Eisenacher to Chief Brand Officer - First Watch Restaurant Group announced the promotion of Matt Eisenacher to Chief Brand Officer. He previously served as Senior Vice President of Brand Strategy and Innovation at First Watch, spearheading a number of initiatives aimed at growing brand awareness, defining brand positioning and implementing demand generation strategies. During his tenure at First Watch, Eisenacher has overseen a variety of initiatives that have successfully elevated the brand, including evolving the Company's digital touchpoints to enrich customer experiences and transforming seasonal, limited-time menu launches into national brand moments. In 2022, Eisenacher was named one of the 13 Most Influential Marketing Leaders in the Restaurant Industry by FSR Magazine.
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HELE | Hot Stocks09:08 EDT PUR Water unveils collaboration with Beautiful by Drew - PUR Water, a Helen of Troy Limited brand, announced the launch of Beautiful by PUR, a collaboration with Beautiful by Drew, a brand created for beautiful living. A first-time collaboration for both brands, PUR and Beautiful by Drew have partnered to create a new line of water filtration products including PUR's fan-favorite pitchers, dispensers, and faucet mounts.
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RIOT... | Hot Stocks09:08 EDT Riot Platforms reports August bitcoin production down 11% from last year - Riot Platforms announces unaudited production and operations updates for August: Bitcoin produced 333, down 19% from last month and down 11% from last year. "August was a landmark month for Riot in showcasing the benefits of our unique power strategy," said Jason Les, CEO of Riot. "Riot achieved a new monthly record for Power and Demand Response Credits, totaling $31.7M in August, which surpassed the total amount of all Credits received in 2022. Based on the average Bitcoin price in August, Power and Demand Response credits received equated to approximately 1,136 Bitcoin. The effects of these credits significantly lower Riot's cost to mine Bitcoin and are a key element in making Riot one of the lowest cost producers of Bitcoin in the industry. Riot's power strategy is a key competitive advantage, and when placed alongside our strong financial position and efficient miner fleet, put Riot in a leading position heading into the upcoming Bitcoin 'halving' event next year."
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MVLA | Hot Stocks09:08 EDT Movella reduces number of employees by 20% - Movella Holdings announced that due to market conditions, on August 31, 2023, the Company reduced its number of employees by approximately 20%. The Company expects to substantially complete this workforce reduction in the third quarter of 2023. Additionally, the Company elected to restructure its operations by exiting certain non-core business activities. As a result of this workforce reduction and restructuring, the Company expects to incur a pre-tax cash charge for severance and restructuring costs which consists of one-time termination benefits and contract termination costs, of between approximately $1.1 million and $1.6 million in the third quarter of 2023. The Company expects to achieve cost savings of approximately $2.0 million per quarter following this action.
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FOXA FOX | Hot Stocks09:08 EDT Tubi surpasses 74M monthly active users - Tubi, Fox Corporation's ad-supported video-on-demand service, announced the company surpassed 74 million monthly active users and logged nearly 4 billion streaming hours for the first half of the calendar year. Tubi reaches 1.4% of total TV viewing time according to Nielsen's July 2023 The Gauge report, further cementing its leadership as the No. 1 AVOD player and most watched free ad-supported TV streaming service in the U.S. "Tubi is now watched as much as a top 5 cable network, as audiences continue to embrace our digital-first, 100% free streaming experience," said Anjali Sud, newly appointed CEO of Tubi. "The platform continues to scale with 47% growth in ad revenue and 65% growth in total viewing time Q4 over Q4, and we are executing an ambitious strategy to define the next generation of entertainment through our diverse content, passionate audience and innovative tech platform."
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WKME NIPNF | Hot Stocks09:07 EDT WalkMe says NEC Corporation implements WalkMe in digital transformation - WalkMe announced that NEC Corporation has implemented WalkMe to drive the utilization of purchasing, procurement, and customer management systems as a part of its digital transformation initiatives. With WalkMe, NEC has improved business processes with a 75% reduction in employee support tickets, a 70% decrease in returned SAP Ariba submissions - all while boosting employee satisfaction and reducing support staff burden.
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HCCI | Hot Stocks09:06 EDT Heritage-Crystal Clean announces expiration of HSR Act waiting period for merger - Heritage-Crystal Clean announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to the previously announced agreement for Crystal Clean to be acquired by an investment affiliate of J.F. Lehman & Company for $45.50 per share in cash, or approximately $1.2B. The expiration of the HSR waiting period occurred at 11:59 p.m. on September 1 which was a condition to the closing of the pending transaction. The transaction is expected to close in the fourth quarter of 2023, subject to the satisfaction of the remaining customary closing conditions, including approval by Crystal Clean stockholders.
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LDOS | Hot Stocks09:06 EDT Leidos chooses Casepoint as eDiscovery partner - Casepoint announced it has renewed its contract with Leidos to provide data collection, processing, and review services in support of the Centers for Medicare and Medicaid Services, CMS. Leidos began searching for a new eDiscovery platform last year. After conducting extensive research and testing on the top eDiscovery providers in the U.S., Leidos ultimately chose Casepoint as its new eDiscovery partner for a contract with CMS.
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CAPR | Hot Stocks09:06 EDT Capricor Therapeutics appoints Michael Kelliher to board of directors - Capricor Therapeutics has appointed Michael Kelliher to its Board of Directors, effective immediately. Mr. Kelliher, Group Vice President of M&A and Business Development at Horizon Therapeutics, brings to Capricor extensive expertise in business development, strategy, finance and operational leadership across the life sciences industry.
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SKX | Hot Stocks09:05 EDT Skechers sues Laforst Shoes for patent infringement - Skechers announced that it has sued Laforst Shoes for patent infringement of its proprietary Skechers Hands Free Slip-ins designs. The lawsuit was filed in the United States District Court for the Central District of California. In 2023, Laforst introduced a footwear style which incorporates multiple designs that infringe upon five separate Skechers patents for its Skechers Hands Free Slip-ins footwear.
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UAVS | Hot Stocks09:05 EDT AgEagle launches eBee VISION drone - AgEagle Aerial Systems announced that commercial production of the Company's next generation fixed-wing unmanned aerial system, the eBee VISION has commenced and orders for the systems are now being accepted. eBee VISION delivers high resolution video imagery made possible by its 32X zoom and powerful thermal observation capabilities, designed to provide real-time, enhanced situational awareness for critical Intelligence, Surveillance and Reconnaissance missions. Weighing just 3.5 pounds, the NDAA-compliant eBee VISION features live HD video feed, a flight time of up to 90 minutes, and wireless coverage of up to 12 miles. The high-performance drone can be deployed in just three minutes by a single operator. During its development phase, the eBee VISION received input and positive feedback from U.S. and European special forces. As a result of this collaboration, AgEagle has engineered the eBee VISION's Ground Control System to feature a high-end user interface tailored to meet defense and public safety requirements.
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EQIX TEAM | Hot Stocks09:04 EDT Equinix appoints Adam Berlew as Chief Marketing Officer - Equinix announced the appointment of Adam Berlew as Chief Marketing Officer, CMO, effective immediately. With more than 25 years' experience in strategic marketing and global leadership roles, Berlew returns to Equinix after previously serving as a Vice President of Global Marketing from 2012 to 2015. Berlew previously served as Head of Global Digital, Enterprise, Economy and Platform Marketing for Atlassian.
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LPLA | Hot Stocks09:04 EDT LPL Financial: Validus Financial joins broker-dealer, RIA, custodial platforms
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IBM | Hot Stocks09:03 EDT IBM expands Cloud Security and Compliance Center - IBM announced the expansion of the IBM Cloud Security and Compliance Center, a suite of modernized cloud security and compliance solutions designed to help enterprises mitigate risk and protect data across their hybrid, multicloud environments and workloads. "IBM Cloud has a long history of working with clients in financial services and other highly regulated industries, especially when it comes to helping them to drive innovation while protecting their sensitive data," said Rohit Badlaney, General Manager, IBM Cloud Product and Industry Platform. "The expansion of the IBM Cloud Security and Compliance Center demonstrates our continued focus on industry-specific capabilities that help address real world business challenges for our clients."
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TRUP | Hot Stocks09:03 EDT Trupanion appoints Fawwad Qureshi as CFO - Trupanion announced the appointment of Fawwad Qureshi as CFO. Qureshi will officially join Trupanion on September 25. Qureshi joins Trupanion with over 20 years of senior-level financial experience, successfully steering growth in revenue and profitability for publicly-traded, global growth companies. Notably, during his most recent tenure at Expedia Group as Senior Vice President of Finance and CFO of Brands, Qureshi had full P&L and commercial responsibility for its over $9B portfolio of world-class consumer brands including Expedia, Vrbo, Hotels.com, Orbitz and Travelocity. Prior to Expedia, Qureshi acted as the CFO for Nike Global Technology, where he managed its omni-channel portfolio of technology investments, covering digital product development for consumer-facing, e-commerce properties. Prior to that, he worked at Intel in finance positions of increasing seniority.
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SVBL | Hot Stocks09:03 EDT Silver Bull secures $9.5M litigation funding to pursue damages claim - Silver Bull Resources has secured funding for its international arbitration proceedings against the United Mexican States under the Agreement between the United States of America, Mexico, and Canada and the North American Free Trade Agreement. HIGHLIGHTS: Litigation Funding Agreement signed with Bench Walk Advisors to pursue international arbitration claims against Mexico for breaches of its obligations under NAFTA. The LFA facility is available for immediate draw down and provides funding to cover legal, tribunal and external expert costs and corporate operating expenses associated with the Company. US$9.5 million is provided as a purchase of a contingent entitlement to damages in the event that a damages award is recovered from Mexico. Legal counsel for the claim is Boies Schiller Flexner, an international law firm with extensive experience in international investment arbitration concerning mining and other natural resources, to act on its behalf. The BSF Team will be led by Timothy L. Foden, a noted practitioner in the mining arbitration space. The arbitration arises from Mexico's unlawful expropriation and other unlawful treatment of Silver Bull and its investments resulting from an illegal blockade of Silver Bull's Sierra Mojada project that began in September 2019 and continues to this day.
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LINK | Hot Stocks09:02 EDT Interlink Electronics announces $175,000 SBIR award from NOAA - Interlink Electronics announces that its Gas and Environmental Solutions division has received a $175,000 SBIR award from NOAA for development of low-cost, low-power sensor nodes for monitoring air quality impacted by wildfire smoke. As a result of climate change, the number and severity of wildfires have been increasing substantially, as exemplified by the recent tragic events in Maui. In addition to the loss of life of both residents and firefighters, the indirect effects of wildfires can impact human health even if people are living hundreds of miles away from the fire. "Development of these sensors will enable us to penetrate into a large user base for more real-time air quality data," added Steven Bronson, Interlink's CEO and President. "This award continues our history of qualifying for SBIR grants, and we are also pleased to note that NOAA recognized the superior scientific and engineering backgrounds and talents of the Interlink team."
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IPX | Hot Stocks09:02 EDT IperionX, Heroux-Devtek partner for aerospace titanium recycling - IperionX and Heroux-Devtek have signed an agreement to underpin a 100% recycled titanium supply chain using scrap titanium metal from the aerospace industry. Heroux-Devtek specializes in the design, development, manufacture, and repair of landing gear, actuation systems and components for the global aerospace market. It serves both the commercial and defense aerospace sectors and is the third largest landing gear company in the world. Under this partnership, Heroux-Devtek will supply IperionX with Ti-6Al-4V alloy scrap metal generated from landing gear manufacturing. In turn, IperionX will employ its patented titanium processing technologies to convert this titanium scrap into low-carbon titanium for future applications. The processing of the Heroux-Devtek titanium scrap will be expertly managed by Aperam / ELG Utica Alloys, under their existing partnership with IperionX.
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TBLA SBGI | Hot Stocks09:01 EDT Taboola Sinclair Broadcast and Sinclair renew multi-year deal - Taboola (TBLA) announced a renewed multi-year deal with Sinclair Broadcast Group, a subsidiary of Sinclair (SBGI). Sinclair and Taboola started working together in 2018. Under the new agreement, Sinclair will continue to utilize Taboola's suite of products across its television station sites including its ABC, CBS, FOX, NBC and CW affiliates, as well as its mobile platforms, to grow their audiences, optimize user engagement, and drive revenue. Sinclair implements Taboola in multiple impactful user touchpoints - from newsletters to article pages and mid-article placements. Taboola empowers Sinclair to personalize user experiences across all of these touchpoints, optimizing content recommendations to drive engagement.
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STXS | Hot Stocks08:59 EDT Stereotaxis announces treatment with Genesis Robotic Magnetic Navigation System - Stereotaxis announced that physicians at Heart Centre Rigshospitalet of Copenhagen University Hospital successfully treated the first patients using Stereotaxis' Genesis Robotic Magnetic Navigation System. The Genesis system is the latest and most advanced robotic technology available for the treatment of heart rhythm disorders. Rigshospitalet is among the first in Europe, and the only hospital in Denmark, to offer the Genesis system to patients.
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AREC | Hot Stocks08:59 EDT American Resources appoints Josh Hawes as independent director - American Resources announced that its Board of Directors has appointed Josh Hawes as an independent director. Hawes brings over 20 years of experience in the areas of capital market construction, organizational and product strategy and driving shareholder returns. Hawes will replace Michael Layman as an independent director of the board of directors as well as a member of the Board's Audit Committee effective immediately. Mr. Layman will continue to advise the Company as a member of its Advisory Board. Hawes most recently served as Chief Strategy Officer of USA Rare Earth from 2021 to 2023 and Chief of Staff from 2020 and 2021 where he oversaw an exceptional ten-fold increase in the company's value and spearheaded the creation of the Magnet Manufacturing Tax Credit, while leading their magnet manufacturing transition team in Stillwater, Oklahoma. Furthermore, Mr. Hawes built the first ex-China, North American magnet supply chain network through strategic partnerships and collaboration, allowing for the future capture of hundreds of millions in revenue.
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PMBHF | Hot Stocks08:59 EDT PharmAla Biotech begins trading on OTCQB - PharmAla Biotech Holdings has qualified for trading on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the symbol "PMBHF". PharmAla's common shares will continue to trade on the Canadian Securities Exchange (under the ticker "MDMA".
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XPOF | Hot Stocks08:58 EDT Xponential Fitness announces new partnership with Gympass - Xponential Fitness is proud to announce a new partnership with Gympass, the leading corporate well-being platform. With more than 15,000 corporate customers and two million paid subscribers, all ten brands will be available on the Gympass app in October, which will utilize excess inventory to offer Xponential classes to a new market of potential customers and drive incremental studio revenue.
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NTIP | Hot Stocks08:58 EDT Network-1 Technologies reports results from Phase 2B study of BPZE1 vaccine - Network-1 Technologies announced that ILiAD Biotechnologies reported the first-ever demonstration of protection against B. pertussis colonization in a Phase 2b Human Challenge study of its BPZE1 vaccine. ILiAD announced that its BPZE1 intranasal pertussis vaccine has met the primary endpoint of protection against nasopharyngeal B. pertussis colonization in the Phase 2b CHAMPION-1 Study. To date, Network-1 has invested an aggregate of $7M in ILiAD which represents approximately 6.8% of the outstanding units of ILiAD on a non-fully diluted basis.
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CLNFF | Hot Stocks08:57 EDT Calian Group partners with MDA on Canadarm3 development - Calian Group has announced that Calian Advanced Technologies has been awarded a contract from MDA Inc. to support the development of Canadarm3, a next-generation space robotic system being developed by MDA for the Canadian Space Agency. Calian will develop and deliver the Electronic Ground Support Equipment for Canadarm3, Canada's contribution to the NASA-led Lunar Gateway. Calian will create the hardware and software solutions that will form the EGSE, known as System Test Centers and Unit Test Sets, which will be used to fully test the Canadarm3 prior to launch. MDA is the Prime Contractor for the Canadarm3 program that will operate aboard Gateway, a deep space outpost that will orbit the Moon. Gateway will support both human and robotic missions to the lunar surface, serving as a science laboratory, and acting as a proving ground for exploration missions into deeper space. Canadarm3 will be AI-enabled and comprised of a large and a small robotic arm, specialized tools to perform maintenance and science tasks, and robotic interfaces to enable access to all Gateway elements.
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CLNFF | Hot Stocks08:57 EDT Calian Group partners with MDA on Canadarm3 development - Calian Group has announced that Calian Advanced Technologies has been awarded a contract from MDA Inc. to support the development of Canadarm3, a next-generation space robotic system being developed by MDA for the Canadian Space Agency. Calian will develop and deliver the Electronic Ground Support Equipment for Canadarm3, Canada's contribution to the NASA-led Lunar Gateway. Calian will create the hardware and software solutions that will form the EGSE, known as System Test Centers and Unit Test Sets, which will be used to fully test the Canadarm3 prior to launch. MDA is the Prime Contractor for the Canadarm3 program that will operate aboard Gateway, a deep space outpost that will orbit the Moon. Gateway will support both human and robotic missions to the lunar surface, serving as a science laboratory, and acting as a proving ground for exploration missions into deeper space. Canadarm3 will be AI-enabled and comprised of a large and a small robotic arm, specialized tools to perform maintenance and science tasks, and robotic interfaces to enable access to all Gateway elements.
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LQR | Hot Stocks08:55 EDT LQR House announces strategic partnership with Cannon Estate Winery - LQR House announced a strategic partnership with Cannon Estate Winery, a renowned player in the Canadian wine and spirits distribution sector. This collaboration is poised to strengthen the presence of LQR House brands in the rapidly-growing Canadian alcohol market. The cornerstone of this partnership lies in the commitment to help all LQR House brands with distribution throughout Canada.
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BREA | Hot Stocks08:54 EDT Nine Brera players selected to represent their national teams - Brera Holdings announced that nine professional Brera players have been selected to represent their national youth teams. Of these, two hail from Brera Strumica in North Macedonia's First Division League, while the other seven belong to Brera Tchumene-a top team in Mozambique's Second League. Marko Alchevski, Brera Strumica's goalkeeper and captain of the North Macedonia Under-21 national team-who boasts four clean sheets in the first six League matchdays-will represent the team with winger Vane Krstevski in away matches in Sweden on September 8, followed by a home game against the Netherlands on September 12. Brera Tchumene's contributions to Mozambique's Under-20 selection include defenders Atilio Henriques, Aylton Messias, Shelton Zandamela and Cleyd Tropa, halfbacks Leonel Calcao and Julio Carrelo, as well as attacking midfielder Jose DJ Zavala. This ensemble will compete in compete in a friendly away game against neighbors Eswatini on September 6. Joining these Brera players on the national team is Hassane Rachide-coach of Brera Tchumene- who made his debut on the last matchday of the championship with a convincing 10-0 victory over Clube dos Amigos.
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XPOF | Hot Stocks08:52 EDT Xponential Fitness teams with Gympass, sees new studio openings up 8% - Xponential Fitness will hold its inaugural Analyst and Investor Day at the New York Stock Exchange..."It is great to be at the NYSE today to discuss a wide range of topics, including our three-year operating targets," said Anthony Geisler, CEO of Xponential Fitness, Inc. "In addition, we are thrilled to announce our new partnership with Gympass and look forward to working with Gary Vaynerchuk and VaynerMedia as they lead Xponential's marketing efforts moving forward." The Company is confident it will achieve the high-end of the ranges in its full year 2023 outlook which was provided in its second quarter 2023 earnings release announced on August 3 and remains as follows: New studio openings in the range of 540 to 560, or an increase of 8% at the midpoint as compared to full year 2022.
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DSS | Hot Stocks08:51 EDT DSS subsidiary appoints Jim Monaghan as COO and Chief Compliance Officer - DSS Wealth Management, a wholly owned subsidiary of DSS, and advisor to DSS AmericaFirst Quantitative Funds, announced that Jim Monaghan has joined as COO and Chief Compliance Officer and Michael Cheah has joined DSS Wealth Management in the role of Portfolio Manager & Head of Fixed Income. Jim Monaghan has joined DSS Wealth Management as COO and Chief Compliance Officer reporting to Daniel Lew. Monaghan has over 30 years working in the investment industry holding several leadership positions at industry leading financial firms. He started his career in the annuity business as an equity trader for pension funds at Mutual of America Life Insurance Company. Jim continued his career as an equity trader at Chase Bank working on their dealer trading floor on Wall Street. Jim's strong commitment to efficient operations, value added trading, and compliance earned him a leadership role in his next position as the Head of Trading and Operations for AIG's mutual fund company, SunAmerica Asset Management in New York City. His most recent position was at Bloomberg, specializing in compliance and trading platforms. Michael Cheah has joined DSS Wealth Management in the role of Portfolio Manager & Head of Fixed Income reporting to Daniel Lew, Chief Investment Officer, and Portfolio Manager of DSS Wealth. Cheah has more than 30 years of experience in the equity markets. Recently he was teaching Financial Markets and Responsibility, as well as Economic Data Analysis with Tableau at Fordham University.
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UBLXF | Hot Stocks08:50 EDT U-Blox introduces SARA-S520M10L module - u-blox announced its SARA-S520M10L , a cellular and satellite IoT module with accurate, low-power positioning, and ubiquitous connectivity. The module's communication and tracking capability is ideal for asset tracking, fleet management, maritime transportation, mining, utilities, and smart agriculture applications. It also serves market segments such as anti-theft systems, industrial monitoring and control, as well as applications that require communication in safety-critical scenarios. The u-blox SARA-S520M10L is the smallest multi-mode cellular and satellite IoT module on the market. It provides connectivity through terrestrial cellular networks and geostationary satellites. Measuring approximately 400 mm 2 with LTE-M/NB-IoT, L-band satellite connectivity, and embedded navigation capability, it is pin-compatible with other u-blox cellular-only modules in the SARA form factor. The module can provide location fixes using up to four satellite constellations. This is the first u-blox module designed with the 2 nd generation of the u-blox UBX-R5 chip, the UBX-R52/S52. The S52 variant was developed to support satellite IoT communication alongside LTE-M/NB-IoT cellular standards.
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TMC | Hot Stocks08:49 EDT Metals Company announces next phase agreement with Kongsberg Digital - TMC the metals company announced that it had entered into the next phase of its relationship with Kongsberg Digital, a Norwegian leading software company that unlocks the value of data for customers within the maritime, energy, renewables, and power grid industries, to further develop the Digital Twin of the deep-sea operating environment of NORI Area D. Following the successful trials of the prototype Digital Twin during test mining conducted by TMC subsidiary Nauru Ocean Resources in 2022, the parties will now build upon the system's capabilities by incorporating additional data streams which will be used to train AI models to determine key outcomes of its full production system, including the environmental impacts of robotic collectors operating on the seafloor.
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PALI | Hot Stocks08:48 EDT Palisade Bio enters licensing agreement with Giiant Pharma - Palisade Bio entered into a licensing agreement with Giiant Pharma. The license provides the Company with the exclusive worldwide rights to develop, manufacture and commercialize Giiant's proprietary targeted prodrug platform focused on therapies for the multi-billion dollar IBD market. The licensed technologies include Giiant's precision delivery technology platform and multiple product candidates, including the lead asset in development, GT-2108, an orally administered, gut-restricted, colon-specific phosphodiesterase-4 inhibitor prodrug in development for patients affected by moderate-to-severe ulcerative colitis. The license also includes the rights to GT-1908, which is anticipated to be developed by the Company as a second program, targeting fibro stenotic Crohn's Disease by means of an oral PDE4 compound. Under the terms of the license, Palisade obtained the rights to develop, manufacture, and commercialize all compounds from Giiant, existing now and in the future, and any product containing or delivering any licensed compound, in any formulation or dosage for all human and non-human therapeutic uses for any and all indications worldwide. Pursuant to the terms of the license, Palisade will pay a portion of the development costs until the first approval of an IND or CTA, and will thereafter assume all development, manufacturing, and commercialization costs. Additionally, per the license, Palisade will pay certain milestone payments and royalty payments based on sales. As previously announced by Giiant, the development of GT-2108 is supported by a $500,000 grant received from the US Crohn's and Colitis Foundation, through its IBD Ventures program.
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BLNK | Hot Stocks08:47 EDT Blink Charging announces donation of profits from UK chargers - Blink Charging announced that in recognition of World EV Day on September 9, it's wholly owned subsidiary, Blink Charging UK, will donate profits made from its UK chargers. Blink's participation aims to support efforts to reduce air pollution throughout the UK, emphasizing the significant positive effect EV adoption can have on air quality. Blink Charging UK will donate the proceeds to organizations working to eradicate lung diseases such as asthma. The donation will be based on the total amount of EV charging conducted on Blink UK's chargers throughout September 9th. The more drivers charge, the larger the donation. EV drivers can participate in the "Charge for Charity" initiative simply by charging their cars at a Blink charger on September 9th. Blink chargers can be found via the Blink Charging UK Mobile App Blink Charging UK.
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ICE | Hot Stocks08:47 EDT ICE reports total average daily volume up 12% y/y; energy ADV up 34% y/y - Intercontinental Exchange reported August 2023 trading volume and related revenue statistics... August highlights include: Total average daily volume or ADV up 12% y/y; Energy ADV up 34% y/y; open interest, OI, up 15% y/y, including record OI of 51.1M lots on August 24; Total Oil ADV up 40% y/y; OI up 27% y/y; Brent ADV up 29% y/y; OI up 19% y/y ;WTI ADV up 58% y/y; OI up 30% y/y and Gasoil ADV up 56% y/y; OI up 41% y/y.
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ENZ | Hot Stocks08:45 EDT Enzo Biochem announces resignation of CEO Hamid Erfanian - Enzo Biochem announced that Hamid Erfanian, CEO, will be resigning his seat on the Board of Directors and departing the Company effective September 5 with Enzo's COO, Kara Cannon, assuming the role of interim CEO.
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AENT | Hot Stocks08:45 EDT Alliance Entertainment's COKeM partners Atari for Arcade1Up - Alliance Entertainment Holding announced in partnership with Atari and retro home arcade company, Arcade1Up, the launch of the Arcade1Up Atari 50th Anniversary Deluxe Arcade Machine for the home. Alliance Entertainment, through its COKeM International video game division, is the leader in US distribution of video games and related products. Using its wide range of retail partners, COKeM will launch the over 5-foot-tall cabinet for pre-sale online beginning September 5th at major retailers including Best Buy, Walmart, Target, and GameStop, with delivery expected to consumers by the official release date of October 3rd. The arcade will also be readily available on release date at Amazon.com, Kohls.com, Wayfair.com, Dell.com, Nebraska Furniture Mart, Conn's Home Plus, RC Willey as well as many other retailers within the US.
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TIO | Hot Stocks08:43 EDT Tingo Group issues response to statement by Hindenburg Research - Tingo Group issued a response to a statement made by short seller Hindenburg Research on September 5. The Company noted that Hindenburg has once again attempted to repeat its previous allegations despite the completion of a detailed investigation into the short-seller report of June 6 which disproved all such allegations. Stockholders are reminded of Hindenburg's disclaimers in its short seller report and subsequent statements. Having concluded the investigation into the allegations made by Hindenburg against the Company and its businesses, which was deemed to be the highest priority, the Company and its outside counsel will now proceed to investigate Hindenburg's allegations against the founder of Tingo Mobile and Tingo Foods, Dozy Mmobuosi.
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AEYE | Hot Stocks08:42 EDT AudioEye releases Digital Accessibility Index - AudioEye released its first-ever Digital Accessibility Index, a combination of automated AI findings coupled with expert audits from members of the disability community, to identify the most common digital accessibility issues across 40,000 websites. "AudioEye's Digital Accessibility Index underscores the unacceptable reality that digital experiences are broken for people with disabilities, preventing them from accomplishing critical tasks that many of us regularly depend on, such as online shopping, banking, news access, job-related activities, and more," said David Moradi, CEO of AudioEye. "This Index shows a clear need to approach digital accessibility with a combination of AI-driven detection and automation paired with expert audits from members of the disability community."
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TBLA | Hot Stocks08:42 EDT Taboola enters deal with Bright Mountain Media - Bright Mountain Media (BMTM) announced that its wholly owned subsidiary, Wild Sky Media entered into a deal with Taboola.com. Taboola announced a new partnership with Wild Sky Media, the largest portfolio of owned and operated parenting and family sites in the U.S. reaching 10 million unique visitors per month. Through this deal, digital properties for Wild Sky Media including Cafemom.com, Mom.com, Littlethings.com, and Mamaslatinas.com have incorporated Taboola recommendation widgets below their article pages, providing readers with personalized content, including sponsored options, for a more engaging experience. Additionally, Wild Sky Media is utilizing Taboola Newsroom, a technology offering that uses advanced A.I. and readership signals from more than 500 million daily active users. Newsroom helps Wild Sky Media further understand its audiences, learn about its most engaged articles and conduct A/B testing for headlines. Wild Sky Media has also adopted Taboola News, which integrates content recommendations from Taboola's large publisher network with leading mobile device manufacturers across multiple touchpoints, including Minus One screens, news notifications and browser applications. Lastly, Wild Sky Media has implemented Taboola's Explore More across its network, an offering designed to increase session depth and engage users visiting publisher sites directly from social media and apps.
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SVRE CX | Hot Stocks08:41 EDT SaverOne 2014 exoands its cooperation with Cemex - SaverOne 2014 (SVRE) announced it is launching a pilot with Cemex (CX) in Spain, covering ten trucks in two regions. This new pilot follows recent successful installation of SaverOne's solution across Cemex Israel's full fleet of employee vehicles and operational trucks. Ori Gilboa, CEO of SaverOne, commented, "This is a significant milestone for SaverOne representing our first pilot in Europe. Our cooperation with Cemex, which started from a small pilot project in Israel and then expanded to their full employee fleet of passenger cars and trucks in Israel, continues to grow internationally and now we have penetrated into Cemex in Europe through Cemex in Spain. Cemex is very much a successful demonstration of our land-and-expand strategy where an initial penetration into a highly strategic local company subsidiary, soon turned into an order covering their entire employee fleet in Israel, and ultimately led to an initial penetration of their European fleet. We are seeing growing traction with this strategy and are increasingly realizing its significant potential. This European Cemex pilot, which comes soon after our recently announced pilots in the USA and Abu Dahbi, marks the first steps in our global expansion."
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NYCB | Hot Stocks08:40 EDT New York Community appoints Signorille-Browne as senior EVP, COO - New York Community Bancorp announced the appointment of Julie Signorille-Browne as Senior Executive Vice President, EVP, and Chief Operating Officer, COO. Signorille-Browne joined the Company in 2021 as Executive Vice President and Chief Administrative Officer and has more than three decades of experience in bank operations, process improvement, and M&A integration.
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ENLT | Hot Stocks08:40 EDT Enlight Renewable and Electra Power execute MOU for joint venture - Enlight Renewable Energy and Electra Power announced the execution of a memorandum of understanding, or MOU, outlining the formation of a joint venture to market and supply clean energy to residential consumers and small businesses in Israel. Electra Power is a leading company in the residential Israeli gas market. As per the MOU, Electra Power will hold a 65% stake in the joint venture, with Enlight owning the remaining 35%. The JV will be jointly managed by both companies. Enlight will also have the option to increase its ownership by an additional 5%, contingent upon achieving certain future investment objectives. The parties have also committed to a minimum of renewable energy generation volume that each will contribute to marketing to the JV's clients. The establishment of the partnership is subject to completion of definitive agreements and regulatory approval from the Israel Competition Authority.
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FOXO | Hot Stocks08:39 EDT FOXO Technologies announces agreement with Atrio Insurance - FOXO Technologies announced that its insurance distribution subsidiary, FOXO LIFE , has engaged Atrio Insurance/Singular Insurance Brokerage, an insurance brokerage general agency offering products and specialty programs throughout the United States, to sell Life Insurance Designed to Keep You Alive. This partnership will enable FOXO to expand its distribution footprint through Atrio/Singular's rapidly growing sales network of over 2,500 agents across 48 states. In selling life insurance complete with a FOXO Longevity Report , Atrio/Singular will add to its robust product portfolio, enhancing its ability to deliver comprehensive insurance solutions to clients. "Adding Atrio/Singular to FOXO LIFE's distribution hierarchy will allow us to sell life insurance designed to keep you alive in new and expanded markets," said Jim Grauel, Jr., Chief Distribution Officer of FOXO LIFE. "We are excited to add the energy and excitement Atrio Insurance/Singular Insurance Brokerage brings to the FOXO LIFE distribution team. We look forward to working and growing together." "We are extremely excited about this partnership with FOXO LIFE," said Jorge Acosta, CEO, Atrio/Singular Insurance "By combining our strengths, we are positioning ourselves to drive innovation; deliver exceptional value to our agents, brokers, and clients; and make a lasting impact in the Insurance and Insurtech industries. This partnership reflects our commitment to staying at the forefront of technological advancements and meeting the evolving needs of our clients. It's a significant step towards achieving our mutual goals. We will leverage our expertise to create solutions that exceed expectations and drive positive change in the life insurance industry."
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ICCT | Hot Stocks08:39 EDT iCoreConnect announces new version of iCoreExchange V6.0 solution - iCoreConnect announced the release of iCoreExchange V6.0, a solution that further enhances the features and functionality of its popular HIPAA compliant email product. The enhanced features of iCoreExchange V6.0 include a modern and intuitive user interface, Google Chrome notifications, simplified Two-Factor Authentication, and a new Compose window for rapid email writing. iCoreConnect continues to value and leverage direct feedback from users to upgrade its products, providing customers with effective solutions to address the ever-evolving challenges inhibiting workflow efficiency.
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ARCO | Hot Stocks08:38 EDT Arcos Dorados expands collaboration with UBQ Materials - UBQ Materials announced the expansion of its partnership with Arcos Dorados. Arcos Dorados has become the first UBQ partner to implement building components 'Made with UBQ.' The new electrical conduits, connection boxes, and modular wood boards will be showcased in Arcos Dorados' Sao Paulo-based restaurant conceptualized to showcase sustainability initiatives of the company. "When Arcos Dorados began the cooperation with UBQ Materials, we challenged the team to find applications to use UBQ throughout our McDonald's branches and supply chain. Our collaboration has been an important part of our approach to building sustainable operations and is setting a new standard for environmental responsibility in the restaurant sector," said Marie Tarrisse, Head of Social Impact and Sustainability at the Brazil Division of Arcos Dorados.
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OSTK | Hot Stocks08:38 EDT Overstock.com provides update on Q3 performance - Bed Bath & Beyond, operated by Overstock.com shared an update on its 3Q performance. Revenue Metrics: Active customers over 4.8 million as of September 4; Mid-single-digit percent net increase in customers since the U.S. launch; orders: Mid-single-digit percent growth year-over-year. Includes high-teens percent growth year-over-year since the U.S. launch. Revenue: Mid-teens percent decline year-over-year. Includes low-double-digit percent decline year-over-year since the U.S. launch. Average order value: High-teens percent decline year-over-year. Includes low-20s percent decline year-over-year since the U.S. launch. Expense Metrics: Gross profit as percent of revenue: Approximately 18%; Sales & Marketing expense as percent of revenue: Approximately 15%.
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GYRO | Hot Stocks08:37 EDT Gyrodyne announces agreement with Star Equity Fund - Gyrodyne announced that it has entered into an agreement with Star Equity Fund, LP, under which Star Equity Fund has withdrawn both its slate of nominees for election at the 2023 annual shareholders meeting and its proposal regarding certain compensation matters, and Gyrodyne will freeze director fees and transition directors from its cash bonus plan to a new stock plan if approved by the shareholders. Under the terms of the agreement, Gyrodyne agreed to submit for shareholder approval at its 2023 annual shareholders meeting a new stock incentive plan for directors who currently participate in Gyrodyne's cash retention bonus plan. If shareholders approve the proposed stock plan, current director participants in the bonus plan will exchange their benefits for an equivalent value of shares under the new stock plan, with the shares vesting over a three-year period.
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NAOV | Hot Stocks08:37 EDT NanoVibronix announces presentation of UroShield testing results at ICS - NanoVibronix announced that Dr. Sandra Wilks is scheduled to present the findings from her study of UroShield at the International Continence Society 2023 Conference in Toronto on Wednesday, September 2. Brian Murphy, Chief Executive Officer of NanoVibronix, Inc., said, "Dr. Wilks' independent research highlights the critical need for a medical device that improves outcomes for long-term catheter users. Incidences of catheter-associated urinary tract infections continue to be a major clinical concern. Through this independent study, researchers witnessed positive outcomes from the use of UroShield both in the lab and with patients. Presentation of the study at ICS allows us to increase awareness of UroShield and the proven benefits from its use." The Southampton study data indicates that in addition to reducing infection and catheter blockages, UroShield has the potential for developing a healthy urinary microbiome by use of low frequency ultrasound generated by the UroShield device, thus avoiding long-term use of antibiotics and the risks associated with such strategies.
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HBI | Hot Stocks08:37 EDT Hanesbrands, Florida State sign multiyear partnership extension - HanesBrands and Florida State University announced they have signed a multiyear extension of their current apparel partnership that gives HanesBrands exclusive rights to Florida State fanwear in the mass retail channel. Additionally, the partnership includes collaborative retail activations marking key rivalries and events.
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INZY | Hot Stocks08:37 EDT Inozyme reports inducement grants under Nasdaq listing rule - Inozyme Pharma announced that it granted stock options to a new employee to purchase shares of the Company's common stock, pursuant to the Company's 2023 Inducement Stock Incentive Plan, as an inducement material to the new employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The Company's compensation committee granted nonstatutory stock options to purchase up to an aggregate of 30,000 shares of the Company's common stock to the employee on September 1, 2023, at an exercise price of $4.83 per share, the closing price per share of the Company's common stock as reported by Nasdaq on September 1, 2023. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the employee's start date and 2.0833% of the shares underlying the option vesting monthly thereafter, subject to the employee's continued service to the Company through the applicable vesting dates.
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PAVS | Hot Stocks08:37 EDT Paranovus Entertainment signed a non-binding LOI to acquire BlueLine Studios - Paranovus Entertainment Technology announced that it has signed a non-binding Letter of Intent, LOI, to acquire 100% of BlueLine Studios, a portfolio company of Caravan Digital, a co-founder of consumer companies authentically powered by iconic artists and athletes in partnership with Creative Artists Agency. The deal is anticipated to close in the fourth quarter of 2023, provided that the parties reach a definitive agreement and the Company secures financing of at least $5 million. The completion of the deal is subject to customary approvals and closing conditions, including but not limited to satisfactory completion of due diligence and the Company's receipt of the payoff letters pertaining to certain indebtedness of BlueLine. Under the terms of the LOI, PAVS would acquire 100% of BlueLine's equity interests from Caravan and other equity owners of BlueLine. The consideration to be paid by the Company to purchase the equity interests is approximately $3.2 million in cash and unregistered Class A ordinary shares. Additionally, the Company will issue $1.11 million worth of its unregistered Class A ordinary shares to Caravan. Furthermore, the Company will issue $3.6 million worth of its unregistered Class A ordinary shares and $2.0 million worth of restricted stock units to a special purpose vehicle controlled by Mike Teh Wang, who represents BlueLine management. Finally, the Company will make a payment of $1.63 million in cash and unregistered Class A ordinary shares to the financial advisor for this Acquistion at the closing.
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OMQS | Hot Stocks08:36 EDT Omniq announces purchase order from the Israel Train Company - OMNIQ announces an initial purchase order from the Israel Train Company to deploy its AI based Machine Vision system creating smarter and safer stations. In a strategic move, omniQ will initiate the project at three key train stations, setting the stage for a transformational shift in the way we approach passenger safety and comfort. This project leverages omniQ's innovative AI-driven Machine Vision system, which integrates specialized cameras meticulously positioned across station platforms. Powered by proprietary AI software, developed using state-of-the-art deep learning techniques, this system excels in real-time analysis of captured imagery. This innovative system can potentially be installed in every platform in trains and subways stations worldwide creating a significant potential market for OMNIQ. At the core of this technology is its ability to generate dynamic 'heat maps,' providing a clear visualization of passenger density along the platform. Beyond mere data, these heat maps offer actionable recommendations to station staff and incoming passengers, guiding them to areas with lower crowd density. This results in intelligent distribution of passengers that optimizes platform usage, mitigates cabin overcrowding, and enhances overall passenger comfort.
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IDAI | Hot Stocks08:36 EDT Trust Stamp receives patent notices from USPTO - Trust Stamp announces that on August 29 it received a Notice of Issuance from the United States Patent Office in respect of Patent # 32742-149165 together with a Notice of Allowance on August 17 of Patent # 32742-1491643 both entitled "Systems and Processes for Lossy Biometric Representation". These patents will be the eighteenth and nineteenth issued to the company in addition to which the company has an additional twelve patent applications pending.
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ESQ | Hot Stocks08:35 EDT Esquire Financial hires Lax as Chief Legal Officer - Esquire Financial announced the hiring of Gary Lax as its Senior Vice President, Chief Legal Officer, and Corporate Secretary. Lax has more than 35 years of financial services experience and was most recently a partner at Luse Gorman, PC, specializing in regulatory enforcement, transaction law, and capital planning as well as numerous other legal, regulatory, and business matters.
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DOMH | Hot Stocks08:34 EDT Dominari Holdings releases shareholder update - Dominari Holdings released the following shareholder update: "As disclosed in prior letters and filings, Dominari has completed its transition from a drug development company to a financial services company, complete with a fully registered and rapidly growing broker-dealer subsidiary. With the first full quarter of operating a broker-dealer behind us, I am excited to take this opportunity to update you on our business and provide you with additional insights on how we intend to grow moving forward.... With our recent acquisitions, we currently hold over $700 million in client assets. We will continue to aggressively seek to grow the business through the acquisition of other wealth management teams with assets under management. Additionally, our budding capital markets team has already enjoyed success across a broad spectrum of industries, including in healthcare, biotechnology, industrial and consumer industries... As demonstrated above, we will continue to create a unique blend of traditional wealth management offerings that clients have come to know and trust. In addition, we are creating opportunities for our clients to participate in the leading edge of wealth creation vehicles via our access to pre-IPO companies and other unique alternative financial investments... Our leadership team is comprised of many seasoned veterans from leading Wall Street firms... As for Company structure, we have placed all of the legacy AikidoPharma business into a subsidiary, Aikido Labs LLC. Aikido Labs will continue to monitor and monetize the assets formerly held by AikidoPharma, such as the biotechnology assets and the Company'sholdings in other companies... Management strongly believes that the Company has created a solid platform from which to grow. As evidenced by our publicly filed Form 4s, members of the management team made multiple stock purchase transactions throughout the first, second and third quarters to demonstrate our belief in the Company. "
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HTLZF | Hot Stocks08:34 EDT Hamilton Thorne graduating to Toronto Stock Exchange main board - Hamilton Thorne announced its graduation from the TSX Venture Exchange to the Toronto Stock Exchange main board, effective September 7, 2023. Hamilton Thorne's symbol will remain unchanged.
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BSFC | Hot Stocks08:33 EDT Blue Star Foods receives a license renewal in South Carolina - Blue Star Foods announced that its soft-shell crab operations in South Carolina received a license renewal from the South Carolina Department of Natural Resources. The new license covers Blue Star as a wholesale dealer and wholesale dealer-peeler for crab and runs through June 2024.
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NSC | Hot Stocks08:32 EDT Norfolk Southern, DrayNow partner to improve customer experience - Norfolk Southern announced Wednesday an $8M investment in DrayNow, Inc. and the formation of a joint venture to transform the intermodal capabilities of rail. Together, the companies will develop and deploy technology to improve the customer and drayage driver experience, enhance supply chain transparency, and increase network fluidity. "We're a customer-centric, operations-driven company. Together with DrayNow, we are reimagining the way we serve our customers and work with drayage," said Norfolk Southern Chief Marketing Officer Ed Elkins. "While we are a B2B business, our customers expect a B2C experience. This means leveraging cutting-edge technology to give them a full and transparent view into their shipments and a seamless administrative experience." Norfolk Southern's $8 million investment will enable DrayNow to further technology development, increase sales and marketing, and add new team members. Norfolk Southern will also be represented on the board of DrayNow by Chief Strategy Officer Mike McClellan.
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AMC | Hot Stocks08:32 EDT AMC Entertainment down 12% after disclosing equity distribution pact - AMC Entertainment shares are down $1.69, or 12%, to $11.95 in pre-market trading after the company disclosed that it entered into an equity distribution agreement with Citigroup, Barclays, B. Riley and Goldman Sachs as sales agents to offer and sell from time to time up to 40M shares of its Class A common stock.
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DOX | Hot Stocks08:32 EDT Amdocs launches Generative AI-powered Cloud Management Platform - Amdocs announced the launch of its Generative AI-powered Cloud Management Platform. This new version of the platform, integrated with the leading public cloud providers, includes a set of generative AI-powered solutions designed to hyper-automate service development and operations, and manage and streamline a service provider's entire IT and business operations lifecycle. Integrating the automated tools Amdocs has developed for delivering a wide array of services at the world's leading operators into a single platform, the Amdocs Cloud Management Platform is built to accelerate service providers' journey to cloud, utilizing DevOps and FinOps methodologies and securely managing thousands of applications in hybrid and multi-cloud environments under central governance and compliance policies. Powered by Amdocs' GenAI framework, Amdocs amAIz, the platform enables Amdocs teams working on customer projects to access and reuse hundreds of test automations, ready-made landing zones and CI/CD pipelines. Similarly, with its telco blueprints, enterprise-grade practices and security policies, the amAIz-enhanced platform enables Amdocs teams to integrate and operate service providers' infrastructure and applications faster and in a secure, fully compliant way, empowering service providers to deliver superior customer experiences.
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AMC | Hot Stocks08:30 EDT AMC Entertainment enters equity distribution pact for up to 40M shares - In a regulatory filing, AMC Entertainment stated: "We have entered into an equity distribution agreement with Citigroup Global Markets Inc., Barclays Capital Inc., B. Riley Securities, Inc. and Goldman Sachs & Co. LLC, as our sales agents, relating to the shares of our Class A common stock, par value $0.01 offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the Distribution Agreement, we may, through our sales agents, offer and sell from time to time up to 40,000,000 shares of our Class A common stock. The sales agents may act as agents on our behalf or purchase shares of our Class A common stock as principals. Sales, if any, of our Class A common stock, under this prospectus supplement and the accompanying prospectus may be made in sales deemed to be "at the market offerings" as defined in Rule 415 under the Securities Act of 1933, as amended, including by sales made directly on or through the New York Stock Exchange or another market for our Class A common stock, sales made to or through a market maker other than on an exchange or otherwise, in negotiated transactions at market prices prevailing at the time of sale or at negotiated prices, through a combination of any such methods of sale, or as otherwise agreed with the sales agents."
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GH | Hot Stocks08:29 EDT Guardant Health receives coverage for Guardant Reveal from Geisinger - Guardant Health announced that Geisinger Health Plan now offers coverage for the Guardant Reveal minimal residual disease MRD test. Guardant Reveal is a blood test that detects circulating tumor DNA ctDNA in blood after treatment, including surgery, to help oncologists identify cancer patients with residual or recurring disease who may benefit most from adjuvant therapy or surveillance. It is the first blood-only liquid biopsy test commercially available for MRD testing. Geisinger is providing coverage for the Guardant Reveal test for individuals with stage II or III colorectal cancer after curative treatment to inform physician decisions about post-treatment therapy and to monitor for disease progression, recurrence or relapse. The frequency of testing covered is aligned with monitoring guidelines established by the National Comprehensive Cancer Network for colorectal cancer. It includes the initial ctDNA test 4 to 6 weeks after surgery and thereafter every 3 to 6 months for the first two years, and every 6 to 12 months for the following 3 years.
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FRLA | Hot Stocks08:29 EDT Fortune Rise Acquisition announces Water On Demand deposited additional $100,000 - Fortune Rise Acquisition Corporation announced that Water On Demand, a privately-held subsidiary of OriginClear, and owner of its sponsor, Fortune Rise Sponsor, has deposited the required $100,000, representing an additional 27c per public share, into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination. This additional contribution extends the date by which the Company has to complete its initial business combination for an additional one-month extension from September 5, 2023 to October 5, 2023. The extension is the fifth of the six one-month extensions permitted under the Company's governing documents.
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FRZA | Hot Stocks08:28 EDT Forza X1's F22 electric boat previewed by Boat Trader - Forza X1 announced that Boat Trader, America's largest online boating marketplace, previewed Forza's F22 electric boat on Boat Trader's YouTube channel last week. During the video, Boat Trader's Marilyn DeMartini first outlines the Company's goal: "build a sustainable electric boat at an affordable price point...with power that can get you out for the day for 4 to 5 hours." She then tours the 22-foot all-electric center console, offering high-definition interior and exterior visuals of the electric boat on the water. In addition, DeMartini provides an overview of the boat's various amenities, allowing owners the versatility to utilize the F22 for both fishing and day cruising. "So the Forza F22 is comfortable as well as utilitarian," DeMartini says.
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DOX | Hot Stocks08:25 EDT Amdocs announces business momentum of 5G charging efforts - Amdocs announced business momentum of its 5G Charging efforts, allowing service providers to enable groundbreaking offerings and new monetization opportunities in the 5G-era. Historically, communications service providers have maintained many BSS platforms, supporting different lines of business with dated requirements. This limits their evolution, creating siloed environments for post-paid and pre-paid, fixed and mobile, 3G/4G and 5G, and more. In the 5G and cloud-native era, such silos are becoming unsustainable, and a new paradigm is required. Leveraging the power of 5G and cloud-native architecture, Amdocs Charging solves this issue, unlocking limitless monetization opportunities for advanced standalone 5G and beyond, propelling service providers globally into a new era of success, breaking down silos, and improving time to market and flexibility. Momentum includes: Amdocs currently has more than 20 cloud-based charging projects in production across a range of public, private, and hybrid environments, including at leading CSPs in North America. A recent implementation with a tier-1 service provider in Europe has been deployed in 4xActive, providing unprecedented reliability and a milestone for the communications and media industry. Globe Telecom is utilizing Amdocs Charging to modernize existing charging capabilities, speeding up time to market for new products and services. Amdocs Charging also allows API-based charging, allowing Globe to monetize digital and fintech services. Telefonica Moviles El Salvador selected Amdocs Charging allowing it to take advantage of new monetization opportunities enabled by 5G, and easily expand into additional countries over time using the same charging platform. In Amdocs' 5G Experience Lab, Amdocs Charging has played a critical role in enabling new monetizable case studies around enterprise services, gaming, IoT, and more, working with partners such as Microsoft.
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SYTA | Hot Stocks08:25 EDT Siyata Mobile receives orders from global provider of health services - Siyata Mobile announced that it has received an order for its Siyata SD7 handsets and VK7 vehicle kits from a global provider of healthcare and emergency health and safety services. This healthcare provider is replacing its Land Mobile Radio, or LMR, two-way radios with Siyata's handsets and accessories in part of its ambulance fleet that serves the state of California and the Pacific Northwest and Rocky Mountain regions. The Company expects to deliver the order in the Q3.
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MXCT | Hot Stocks08:23 EDT MaxCyte appoints Ali Soleymannezhad as Executive Vice President of Bioprocessing - MaxCyte announced the appointment of Ali Soleymannezhad as Executive Vice President of Bioprocessing, effective August 21. Soleymannezhad will lead global product development and marketing strategy for MaxCyte's bioprocessing business. The bioprocessing business is anchored by the STx and VLx platforms supporting biotherapeutic research, development and manufacturing using transient expression to produce complex proteins, vaccines and biologics at scale. Soleymannezhad brings almost 20 years of technical, sales and marketing expertise in biomanufacturing, bioprocessing and bioanalysis to his new role. Most recently, he served as Executive Vice President for the Separations and Purification business at Tosoh Bioscience overseeing a team of 140 employees across four global manufacturing, development, and commercial sites. During his tenure at Tosoh, Soleymannezhad was also Vice President of Global Marketing and Business Development and Director of Sales and Marketing Americas and served on the board of Semba Biosciences. Soleymannezhad received a Master of Business Administration in finance from Jones Graduate School of Business at Rice University in Texas after completing his Master and Bachelor of Chemical Engineering at University of Western Ontario's Faculty of Engineering in Canada.
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HOTH | Hot Stocks08:23 EDT Hoth Therapeutics announces final results from 14-day Phase 1b trial of BioLexa - Hoth Therapeutics announced that it has completed its analysis of the data from its Phase 1b clinical trial of BioLexa as a therapeutic for atopic dermatitis. Patients were randomized into 3 blinded treatments of the BioLexa lotion, gentamicin lotion, or placebo over a 14-day treatment period. Patients eligible to be enrolled in this trial had mild to moderate disease. Treatment with BioLexa over the 14-day treatment period led to a 35% improvement in SCORAD measurement and a 60% improvement in EASI measurement of atopic skin disease, whereas gentamicin lotion and placebo had no effect. In addition, patient-reported DLQI found that BioLexa use led to a 46% improvement in patient quality of life, whereas gentamicin lotion and placebo had no effect. Finally, when asked about their general impression of care since starting the study, 78% of patients reported that their overall health had improved since starting BioLexa, as compared to 22% stating that there was no change in their health, or their health was worse.
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BAND... | Hot Stocks08:22 EDT Bandwidth partners with Google, Cognigy to launch AIBridge - Bandwidth announced it is partnering with Google and Cognigy to launch AIBridge, which enables enterprises to easily deploy voice-based artificial intelligence tools in front of their contact centers-resolving calls faster and more efficiently in the communications cloud. Bandwidth AIBridge enables enterprises to resolve customer issues faster, which improves the overall customer experience and agent satisfaction while reducing contact center operating costs. With AIBridge, incoming calls to an enterprise contact center can first be routed directly to an AI-driven virtual agent, utilizing a pre-built integration with Bandwidth's Maestro platform.
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AUUD | Hot Stocks08:22 EDT Auddia provides update on corporate achievements - Auddia announced that it has achieved the key milestone of fully integrating podcasts, exclusive content in the form of Music Casts, exclusive playlists under the faidrRadio brand, and a new user interface across both iOS and Android. Referred to as faidr 3.0, this milestone positions the Company to accelerate direct-to-consumer advertising to grow the user base and report on full funnel metrics for faidr 3.0 for the first time upon filing the Q3 10Q.
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HSAI OUST | Hot Stocks08:21 EDT Hesai provides statement on 'misinformation in the market' - The company said, "Hesai is a publicly traded and privately owned company that began as a Silicon Valley lidar start-up in San Jose, California. It was founded in 2014 by two Stanford University engineering graduates and a University of Illinois Ph.D. Since then, Hesai has grown to become the global leader in designing, developing, and producing superior performing, high quality and safe lidar solutions for the Autonomous Mobility or robotaxis, Advanced Driver Assistance System for passenger cars, and last-mile delivery and industrial automation for robotics markets. Since its inception, Hesai has become the global leader, having shipped over 200,000 lidars to the AM, ADAS and robotics markets, including over 87,000 lidars in the first half of 2023 alone. Based on SEC filings and equity and industry research reports, for the full year 2022 and the first half of 2023, Hesai is the unequivocal market leader in terms of revenues and lidar units delivered. Hesai has established its leadership in the global lidar market while enjoying gross margins of more than 30 percent - the highest in the industry -- dispelling baseless allegations that Hesai sells lidars below cost to gain market share. Hesai's leadership in the lidar sector - with 47 percent of the global market share for automotive lidars - has been earned by designing and producing superior performing and higher quality lidar products as judged by the lidar marketplace. Intellectual Property Claims Brought by Ouster Innovation and safety are at the heart of Hesai's culture and practice. Hesai has more than 700 highly qualified engineers and staff working in its R&D and manufacturing teams who are dedicated to designing superior performing, high quality lidar products to advance the safety and performance of driver assisted technologies to save lives worldwide. This dedication and focus have resulted in superior lidar products based on over 400 granted patents and over 700 pending patent applications worldwide. On April 11, 2023, Ouster (OUST) filed a complaint against Hesai and Hesai Technology Co., Ltd. in the United States District Court for the District of Delaware for alleged patent infringement. At the same time, Ouster filed a companion complaint at the U.S. International Trade Commission, requesting an investigation into Hesai and its affiliated entities pursuant to Section 337 of the Tariff Act of 1930 based on substantially similar allegations. Hesai disputes and denies all of Ouster's allegations as baseless and lacking merit and is vigorously defending its IP and legal rights. The Delaware Action is currently stayed. On June 22, 2023, Hesai filed a motion to terminate the ITC Action. On August 24, 2023, the presiding Administrative Law Judge issued an order granting Hesai's motion to terminate the ITC Action. The order is an initial determination that is subject to review by the ITC Commissioners. Hesai values and respects valid and enforceable intellectual property rights and will continue to defend itself against any allegations that are improper or lack merit. Hesai Lidar Data Security Hesai lidar does not and cannot independently wirelessly transmit any operational or biometric data or data of any other kind. Hesai's lidar is a piece of hardware connected to a vehicle's computer via a secured cable on a nonstop, one-way information pathway. Hesai's lidars are analogous to the "eyes" of an autonomous vehicle securely transmitting information to the vehicle's computer, or "brain", which makes driving decisions. The vehicle's computers are entirely developed, owned, controlled, and operated by our customers. Once a Hesai lidar is sold to a customer, Hesai has no ability to access the images generated by the lidar, which does not have wireless connectivity and cannot be remotely operated or accessed. There is no so-called backdoor security risk. All of the images generated by our delivered lidars are controlled, operated, stored, accessed and used by our customers, not Hesai. Hesai lidars, based on their technical features, are not sensitive products that would involve national security concerns. They are civilian products by nature, and in addition, they are designed, developed and intended for sale solely for civilian, commercial purposes to advance the performance and safety of Autonomous Driving System with the objective of making transportation safer and saving lives worldwide. Hesai Ownership and Management Control Hesai is a privately founded and publicly traded company listed on Nasdaq. Hesai's ownership and management control are transparent and disclosed in our public SEC filings as a result of Hesai's recent $190 million February 2023 IPO on the Nasdaq. Our underwriters, auditors, and multiple American law firms have conducted extensive and thorough due diligence and vetting of Hesai's corporate and legal structure and finances. Hesai's IPO was underwritten by two leading American investment banks, Goldman Sachs and Morgan Stanley, and a leading European investment bank, Credit Suisse. The Company is audited by Deloitte, one of the Big 4 accounting firms. Furthermore, two leading American law firms have conducted extensive corporate and legal due diligence on Hesai. Hesai is transparently controlled by its Founders, international board of directors, and senior management team, with offices in China, the United States and Germany. Pre-IPO, Hesai was owned by the three Founders, employees, leading global private equity firms from Asia and the United States, and leading private international strategic investors in the automotive technology and TMT space from Europe and Asia."
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ACAH | Hot Stocks08:21 EDT Atlantic Coastal Acquisition files definitive proxy statement - Atlantic Coastal Acquisition announced that it filed a Schedule 14A Definitive Proxy Statement on September 6, 2023 in connection with a special meeting to extend the amount of time the Company has to consummate a business combination. This filing follows the Company's Schedule 14A Preliminary Proxy Statement that was filed on August 22, 2023 and the amendment thereto that was filed on September 5, 2023 in connection with the Special Meeting.
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CMGR | Hot Stocks08:20 EDT Clubhouse Media closes new promo deal with Keyshawn Johnson - Clubhouse Media Group announced that they have finalized a brand promotional deal with Keyshawn Johnson. "Keyshawn is a well-known name in the NFL and I'm excited we were able to bring this deal to the finish line" said a representative of CMGR. "Our agents are energized and the volume of deals is impressive heading toward Q4."
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SLGG | Hot Stocks08:20 EDT Super League Gaming announces performance metrics of Roblox experience - Super League announced the initial performance metrics of their groundbreaking Roblox experience Hamilton Simulator, specifically passing one million visits in just more than two weeks on the platform. Additional data reveals an impressive level of community engagement and sets a promising trajectory for the future of this revolutionary crossover. Average Session Time: 20.8 Minutes, in the top 10% of experiences on the Roblox platform. Rating: 97%
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TOST | Hot Stocks08:20 EDT Toast names Aman Narang as new CEO effective January 1 - Yesterday morning, the company "announced the appointment of Aman Narang as CEO, effective January 1, 2024. Narang has served as Toast's Co-President since December 2012 and Chief Operating Officer since June 2021. He will take over as CEO from Chris Comparato, who has served as the company's CEO since February 2015, leading Toast through a remarkable period of growth with a focus on profitability and operational excellence. Both Comparato and Narang will remain on the Board. Since co-founding the company in his basement in 2011 alongside Steve Fredette and Jonathan Grimm, Narang has been in instrumental leadership roles across the company as it scaled. Responsible for Sales, Marketing, and Business Development in Toast's early years, his role expanded over time to include the Customer Success organization, the Fintech line of business, Operations, and other critical functions and key initiatives. Prior to Toast, Narang worked in product management at Endeca, now part of Oracle."
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STGYF | Hot Stocks08:19 EDT Stingray Group concludes distribution agreement with TCL in U.S., Canada - Stingray announced a new distribution agreement with TCL. Their TCLtv+ app is a new online streaming service that allows its customers in North America access to a wide variety of complimentary entertainment programming. This groundbreaking deal brings Stingray's innovative channels, including the debut of Ultimate Trivia, to TCLtv+ users, enhancing their entertainment experience with a diverse range of music and specialty content. Now available on Google and coming soon to Roku and FireTV smart operating systems, the TCLtv+ app includes more than 200 FAST channels and 1500+ on-demand movies and TV series from major and independent studios.
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HYMTF | Hot Stocks08:18 EDT Hyundai Motor introduces in-vehicle payment service on new 2024 Kona - Hyundai Motor America is bringing in-vehicle payments to customers with the introduction of Hyundai Payi. The Hyundai Pay system allows customers to find and pay for things with their vehicle's touchscreen using securely stored credit card information. Hyundai has partnered with Parkopedia to launch Hyundai Pay's first service, a new parking payment system. "Hyundai Pay is the latest example of our continuous advancements in smart mobility and software-defined vehicles," said Olabisi Boyle, vice president, product planning and mobility strategy, Hyundai Motor North America. "With Hyundai Pay's scalable e-commerce platform, we can elevate customer convenience and extend their digital reach by making every day needs-like finding and paying for parking-easier, swifter and safer via our connected-car, integrated-cockpit and secure-transaction technology."
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DERM | Hot Stocks08:18 EDT Journey Medical announces exclusive license agreement with Maruho - Journey Medical announced it has entered into an exclusive license agreement with Maruho, a Japanese company specializing in dermatology and also Journey's exclusive licensing partner that developed and is commercializing Qbrexza, or Rapifort, in Japan. Pursuant to the terms of the Agreement, Journey Medical granted Maruho an exclusive license to develop and commercialize Qbrexza for the treatment of hyperhidrosis, in South Korea, Taiwan, Hong Kong, Macau, Thailand, Indonesia, Malaysia, Philippines, Singapore, Vietnam, Brunei, Cambodia, Myanmar and Laos. Under the terms of the Agreement, Journey Medical will receive a $19M nonrefundable upfront payment. Maruho is responsible for all development and commercialization costs for the program throughout the Territory. Additionally, in conjunction with the new license grant, Journey Medical and Maruho have also entered into an amendment of their existing license agreement that grants Maruho exclusive rights to Qbrexza in Japan. The Amendment contains modifications that reduce certain royalty and milestone obligations payable to Journey, among other changes to certain economic sharing obligations. Under the Amendment, Journey is still eligible to receive certain milestones payments, totaling up to $45M.
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AMTX | Hot Stocks08:17 EDT Aemetis completes expansion of India biodiesel plant - Aemetis announced that the company's Universal Biofuels subsidiary has completed an expansion of its India biodiesel plant annual production capacity to 60 million gallons more than one year ahead of schedule, supplying the expanding demand for biodiesel by India government-owned Oil Marketing Companies. The Aemetis Five Year Plan describes an increase from 50 million gallons per year to 100 MGY of biodiesel production capacity at the India plant to be completed by year 2025. Additional capital projects to increase the production capacity at the Kakinada, India biodiesel plant to 80 MGY are in process for completion in the first half of 2024, also ahead of schedule. Built by Aemetis near the eastern India port of Kakinada in Andhra Pradesh, the Universal Biofuels plant is the largest biodiesel production facility in India. Expanded biodiesel production supports the Indian government's goal of a 5% biodiesel blend equal to approximately 1.25 billion gallons per year which was established in the 2022 National Biofuels Policy.
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GEHC | Hot Stocks08:17 EDT GE HealthCare, Mass General Brigham announce AI algorithm collaboration - GE HealthCare and Mass General Brigham announced, as part of its initial collaboration, the co-development of an artificial intelligence, or AI, algorithm that will help increase operations effectiveness and productivity. The first innovative AI application from the collaboration is the schedule predictions dashboard of Radiology Operations Module, or ROM, a digital imaging tool that helps optimize scheduling, reduce cost, and free providers from administrative burden, allowing more time for the clinician-patient relationship. ROM is commercially available to healthcare institutions. The actionable insights driven by AI and machine learning are designed to help improve both departmental and enterprise-wide productivity and administrative efficiency. By 2025, the U.S. is estimated to have a shortage of approximately 446,000 home health aides, 95,000 nursing assistants, 98,700 medical, and lab technologists and technicians, and more than 29,000 nurse practitioners, according to a report conducted by industry market analytic firm Mercer. Health systems will need to rely on technology to help solve some of these challenges.
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SPTN | Hot Stocks08:17 EDT SpartanNash promotes Morgan to EVP, Chief Merchandising Officer - SpartanNash announced the promotion of Bennett Morgan to Executive Vice President, Chief Merchandising Officer. Morgan joined SpartanNash in January 2022 as Senior Vice President, Chief Merchandising Officer. He leads fresh, center store and pharmacy merchandising, category management, pricing, promotions and master data management. Morgan's promotion follows the announcement of two newly appointed Merchandising leaders at SpartanNash - Arpen Shah as Vice President, Merchandising Strategy and Analytics, and Brandon Pasch as Vice President, Center Store Merchandising.
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ERNA | Hot Stocks08:16 EDT Eterna begins activities to generate novel iPSC line with Lineage - Eterna Therapeutics announced the initiation of certain development activities to generate a novel hypoimmune induced pluripotent stem cell, or iPSC, line under its option and license agreement with Lineage Cell Therapeutics. This marks the next step in the strategic collaboration announced in February 2023, under which Eterna is developing innovative engineered hypoimmune iPSC lines that Lineage will evaluate for development into differentiated cell transplant therapies for central nervous system, or CNS, diseases and other neurology indications. Eterna's next-generation mRNA gene-editing approach is designed to efficiently inactivate target genes and to replace viral methods for insertion of genes of interest into target cells for long-lasting expression of transgenes. Under the Agreement, Eterna plans to conduct certain gene-editing activities and provide materials to Lineage for evaluation. Lineage will make milestone payments to Eterna and in connection with Eterna's successful delivery to Lineage of certain materials. Lineage also has an option to obtain an exclusive license to utilize and sublicense the novel gene-edited cell lines developed by Eterna for preclinical, clinical, and commercial purposes in developing potential treatments for CNS diseases.
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VSAT | Hot Stocks08:16 EDT ViaSat's Inmarsat Government awarded PLEO SBS contract by DISA - Viasat announced that Inmarsat Government, now part of Viasat, was awarded a Proliferated Low Earth Orbit, PLEO, Satellite-Based Services, SBS, contract by the U.S. Defense Information Systems Agency, DISA, on behalf of the U.S. Space Force's, USSF, Space Systems Command, SSC. Inmarsat Government is one of 16 companies selected for the $900 million ceiling, 10-year Indefinite Delivery, Indefinite Quantity contract. Under this contract, Viasat plans to leverage small satellite technology, reduced costs and increased launch service competition, facilitating the ability for pLEO constellations to provide persistent, global coverage with reduced transmission latency. "Viasat has a proud history of providing integrated SATCOM solutions and service offerings across multiple bands and orbits to support government customers' unique needs," said Susan Miller, President, Viasat Government. "Our team is committed to developing innovative, mission-focused solutions through our existing partnerships with satellite operators and extending opportunities with new partners. We eagerly look forward to using both our technologies and deep problem solving expertise to deliver resilient, robust and secure SATCOM capabilities to service members around the world."
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CRL | Hot Stocks08:16 EDT Charles River, PathoQuest validate sequencing viral safety assay as option - Charles River Laboratories International and PathoQuest SAS announced the publication of the results of a seminal study in Vaccine. This unique study demonstrated that PathoQuest's proprietary, good manufacturing practice or GMP grade NGS-based assay had a greater capability of detecting viral contaminants when compared to in vivo assays. The results presented in this publication document that PathoQuest's proprietary NGS approach is an effective and more robust replacement to in vivo adventitious virus testing of cell substrates used in the production of biologics, including monoclonal antibodies, vaccines, cell and gene therapies. This update is a result of advances in scientific knowledge and biotechnologies since the release of the original ICH Q5A(R1) guideline in 1999. Examples of advances include the development of new types of products like genetically engineered viral vectors, and the availability of new and more robust viral safety technologies, like NGS. This project was funded by Charles River and PathoQuest, understanding the importance of the results for future viral safety testing strategies. "The use of NGS addresses the limitations of current testing approaches for viral contaminants and enables clients to follow the 3Rs principles of replacement, reduction, and refinement of animal-use methods. Additionally
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DUOT | Hot Stocks08:15 EDT Duos Technologies Group names Christopher King as CCO - Duos Technologies Group announced the appointment of Christopher King as its new Chief Commercial Officer, effective August 30, 2023. Prior to joining Duos, he served in a series of progressive management roles within APR Energy.
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CRM | Hot Stocks08:14 EDT Salesforce, Genesys launch AI-powered customer experience, management solution - Genesys announced a strategic collaboration with Salesforce to help businesses bring together their data, agents, bots and communication channels for smarter end-to-end customer and employee experiences. The companies are introducing a unified AI-powered customer experience and relationship management solution that integrates Genesys Cloud CX and Salesforce Service Cloud called CX Cloud from Genesys and Salesforce. This jointly released solution makes agent and supervisor jobs more seamless, bringing enterprise contact center and workforce engagement management capabilities from Genesys Cloud CX to Salesforce Service Cloud. "This new solution from Genesys and Salesforce brings together the strengths of both platforms, presenting ADP with significant potential to improve our client and service representative experience, achieve deeper levels of personalization, and drive operational ease of use," said Jim Mueller, vice president, global product and technology at ADP. "Real-time sharing of data, customer insights and relevant actions across cloud platforms could allow ADP to utilize more comprehensive, accurate and effective AI modeling to continuously streamline our customers' experiences. This type of seamless synchronization across platforms offers the possibility to drive more business value than each platform could individually and results in an undeniably powerful technology stack."
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SDIG... | Hot Stocks08:14 EDT Stronghold Digital Mining mined 235BTC in August vs 225BTC in July - Stronghold Digital Mining provided the following updates regarding its operations and financial performance. In late August, Stronghold achieved hash rate capacity of 4 EH/s. As expected, 1,135 MicroBT Whatsminer M50 and M50S miners and 4,000 Canaan Avalon A1346 miners have been delivered, and all are either plugged in or expected to be plugged in imminently. The Company expects a considerable increase in hash rate in the month of September and over 20% hash rate growth in the Q4 when compared to the Q3. Stronghold mined 219 Bitcoin in August and generated approximately $0.5 million in energy revenue, which represents the equivalent of approximately 16 additional Bitcoin based on the average price of Bitcoin during the month. This equates to approximately 235 of Bitcoin-equivalent production in August compared to approximately 225 in July.
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LSTA | Hot Stocks08:14 EDT Lisata Therapeutics says IDSMC recommends study continuation of ASCEND trial - Lisata Therapeutics announced a outcome of the prespecified interim futility analysis for the ASCEND trial, a Phase 2b study evaluating LSTA1, Lisata's lead investigational product, in combination with standard-of-care gemcitabine/nab-paclitaxel in patients with first-line, metastatic pancreatic ductal adenocarcinoma. Based on the results of the interim futility analysis, which was reviewed by the study's Independent Data Safety Monitoring Committee, the ASCEND trial will continue as planned without modification. The ASCEND trial is a 155-patient, double-blind, randomized, placebo-controlled Phase 2b clinical trial being conducted at up to 40 sites in Australia and New Zealand, led by the Australasian Gastro-Intestinal Trials Group in collaboration with the University of Sydney and with the National Health and Medical Research Council Clinical Trial Centre at the University of Sydney as the Coordinating Centre. The trial is fully funded by Lisata through an unrestricted research support agreement. The trial is approved by the Sydney Local Health District Ethics Review Committee. ASCEND, based upon Cohort A, has 80% power with 95% confidence to detect a 16% increase in the 6-month progression free survival rate in the experimental arm vs. the control arm. Trial enrollment completion is projected for the first half of 2024; however, current enrollment already exceeds 80% of the target, so earlier enrollment completion may be achieved.
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VBIV | Hot Stocks08:13 EDT VBI Vaccines partner announces topline data from BRII-179 study - VBI Vaccines announced that its strategic hepatitis B, or HBV, partner, Brii Biosciences, announced topline cohort-level unblinded Week 36 data from interim analysis of a randomized, placebo-controlled and double-blinded Phase 2 study of BRII-179, a Pre-S1/Pre-S2/S therapeutic vaccine, in combination treatment with pegylated interferon-alpha in chronic hepatitis B virus, or HBV, patients compared with PEG-IFNalpha only treatment. VBI and Brii Bio reported in previous studies that BRII-179 (VBI-2601) induced broad antibody and T-cell responses against Pre-S1, Pre-S2, and S epitopes in HBV patients. In July, VBI and Brii Bio announced an expansion of their HBV partnership to include an exclusive global license to develop and commercialize BRII-179, and an exclusive license to develop and commercialize PreHevbri, VBI's prophylactic 3-antigen adult HBV vaccine, in the Asia Pacific region, excluding Japan.
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LDOS | Hot Stocks08:13 EDT Leidos advances DoD biometrics to the cloud - Leidos recently completed full cloud deployment of the Department of Defense's, DoD, Automated Biometrics Information System, ABIS. This is the first step and a key enabling milestone to securing fully automated biometrics capabilities in the cloud, delivering increased system availability and performance to stakeholders globally. This work was performed through the Biometrics Enabling Capability, Increment One, BEC-1, contract. Under the BEC-1 contract, Leidos uses advanced engineering to integrate and deliver cutting-edge cloud technologies and multiple biometric matching modalities. This enables the platform to manage the U.S. Army's authoritative system for biometrics data. Leidos improved the efficiency of the Biometrically Enabled Watch List Dissemination Management Functionality, which decreased the time required to process biometric data from days to hours.
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ALXO | Hot Stocks08:13 EDT ALX Oncology appoints Jason Lettmann as CEO - ALX Oncology Holdings announced that Jason Lettmann, a member of the Board of Directors, will succeed Jaume Pons as CEO, effective September 6. Pons will transition to the role of Chief Scientific Officer and remain President and both executives will remain members of the Board of Directors. Jason Lettmann has been involved with ALX Oncology for nearly a decade since its founding, having co-led the Company's first institutional financing and serving as a member of the Company's Board of Directors since 2015. Jason brings to the CEO post a broad suite of expertise relevant to ALX Oncology at its current stage of development including serving as CEO of Promedior, a biotechnology company developing targeted medicines to treat fibrosis.
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AME | Hot Stocks08:12 EDT Ametek acquires United Electronic Industries - AMETEK announced the acquisition of United Electronic Industries, UEI, a leading provider of data acquisition and control solutions for the aerospace, defense, energy and semiconductor industries. "We are excited to welcome United Electronic Industries to the AMETEK family," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "UEI is an excellent strategic fit with our Power Systems and Instruments Division. Their innovative solutions nicely complement our existing testing and data acquisition expertise helping broaden our presence serving attractive market segments and applications."
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TCYSF | Hot Stocks08:11 EDT Tecsys announces collaboration with Magasin du Nord - Tecsys announces its recent collaboration with Magasin du Nord. "The successful modernization of logistics IT at Magasin du Nord is a testament to a solid strategic vision executed with technical precision," remarks Adam Krajewski, vice president of professional services at Tecsys. "By taking advantage of Omni OMS' composability, the team at Magasin du Nord architected benchmark order management capabilities that give them a true competitive edge in a today's retail ecosystem. We look forward to building on these successes as we deepen our partnership and find new opportunities to set the standard for omnichannel excellence."
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CASA CSCO | Hot Stocks08:11 EDT Casa Systems appoints Colin Kincaid as CPO and Phil Paro as CAO - Casa Systems (CASA) announced the appointment of proven industry veteran Colin Kincaid as Chief Product Officer, or CPO, while Phil Paro comes aboard as the Company's new Chief Accounting Officer, or CAO. Kincaid joins Casa Systems by way of Cisco where he most recently served as the CTO of Cisco's (CSCO) Global Service Provider business. An accomplished leader with over 30 years of global industry experience, Kincaid developed products at scale for global distribution, driven successful business strategies, including new business models and acquisition programs, and led diverse global organizations and teams. Phil Paro joined Casa Systems on September 5 as its new Chief Accounting Officer. Paro joins Casa with over 20 years of private and public company technology experience. Most recently, Paro served as Director, Global Controller at Tomorrow.io, a global leader in weather intelligence, where he successfully managed a global team overseeing all financial functions, executed buy-side financial due diligence, and collaborated with executive teams to accelerate business growth.
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LCTX | Hot Stocks08:10 EDT Lineage Cell in pact to discover iPSC line in deal with Eterna - Lineage Cell Therapeutics announced the initiation of certain development activities to generate a novel hypoimmune induced pluripotent stem cell or iPSC, line under the Company's exclusive option and license agreement with Eterna Therapeutics. This marks the next step under the strategic collaboration announced in February 2023, under which Eterna is developing innovative engineered hypoimmune iPSC lines that Lineage will evaluate for differentiation into cell transplant product candidates for central nervous system CNS diseases and other neurology indications. Since announcing the deal earlier this year, Lineage has evaluated its development strategy with a group of leading neurology experts in the U.S. and abroad. As a result of these and other discussions, and an assessment of the competitive landscape, Lineage finalized its selection of specific gene edits for the initial cell lines to be developed by Eterna...Lineage expects that these edits would expand the edited cell lines' overall utility, including for non-immune privileged or non-human leukocyte antigen matched indications and will further differentiate the cell line from others currently in use by competitors. "Our partnership with Eterna reflects an important step in a corporate strategy intended to capitalize on our existing process development capabilities by combining them with cutting-edge cell engineering and editing technologies, to create novel and potentially superior product profiles," stated Brian M. Culley, Chief Executive Officer of Lineage. "This collaboration reflects our effort to broaden the application of our cell therapy platform and our plans for future success in this growing field. ..The Agreement provides Lineage an option to obtain an exclusive license to utilize and sublicense the novel gene-edited cell lines developed by Eterna for preclinical, clinical, and commercial purposes in the field of CNS diseases. Eterna is the exclusive licensee of the key intellectual property underlying this collaboration from its discovery partner Factor Bioscience.
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GNSS | Hot Stocks08:10 EDT City of Boston selects Genasys Protect for preparedness - Genasys announced the City of Boston replaced its mass notification system and has deployed Genasys Protect, the first Protective Communications platform, to help keep its residents and the nearly 23 million visitors coming to Boston each year informed about city infrastructure updates and improvements and protect them against severe weather-related and other critical events.
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AMRX | Hot Stocks08:10 EDT Amneal receives ANDA approval from FDA for lisdexamfetamine dimesylate capsules - Amneal Pharmaceuticals announced it has received Abbreviated New Drug Application, or ANDA, approval from the FDA for lisdexamfetamine dimesylate capsules, 20 mg, 30 mg, 40 mg, 50 mg, 60 mg, and 70 mg.
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WIMI | Hot Stocks08:09 EDT WiMi Hologram Cloud developed a 3-D holographic communication system - WiMi Hologram Cloud announced that it developed the real-time three-dimensional holographic communication system. The real-time 3D holographic communication system is a system integrating capture, hologram generation, transmission and display, which is capable of providing a more realistic and three-dimensional visual experience and making communication more vivid and intuitive. The system realizes the function of transmitting and displaying three-dimensional images over long distances by encoding the information into optical holograms and using holographic projection technology to restore the images into space.
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PEPG | Hot Stocks08:08 EDT PepGen announces presentations of data on EDO platform - PepGen announced key highlights from the upcoming presentation of preclinical non-human primate, or NHP, data supporting PepGen's proprietary Enhanced Delivery Oligonucleotide, or EDO, platform at the 6th Ottawa International Conference on Neuromuscular Disease and Biology being held on September 7-9, Ottawa, ON, Canada, and at the 2023 Myotonic Dystrophy Foundation Annual Conference being held on September 7-9 in Washington, D.C. In a poster presentation titled "PGN-EDODM1 Nonclinical Data Demonstrate Mechanistic and Meaningful Activity for Potential Treatment of Myotonic Dystrophy Type 1" at MDF and "FREEDOM-DM1: Nonclinical Data Support the Phase 1 Study Design to Assess Safety, Tolerability, Pharmacokinetics, and Pharmacodynamics of PGN-EDODM1 in Adults with Myotonic Dystrophy Type 1 " at NMD, PepGen reported that the EDO technology enables up to 25-fold higher level of nuclear delivery of oligonucleotides in vitro to myotubes compared to "naked" unconjugated oligonucleotides. Additionally, the presentation reported that EDO technology was also shown to improve in vivo nuclear delivery, with 72% of skeletal muscle nuclei in NHPs positive for oligonucleotide following two doses at 30mg/kg.
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VBLT | Hot Stocks08:08 EDT VBL Therapeutics announces S-4 Registration Statement declared effective - VBL Therapeutics announced that its registration statement on Form S-4 in connection with the proposed merger with Notable Labs has been declared effective by the U.S. Securities and Exchange Commission. The definitive merger agreement between VBL and Notable was announced on February 23, 2023 and is expected to close in mid-October 2023, subject to customary closing conditions, including approval of the merger by VBL's shareholders. The registration statement contains a proxy statement / prospectus / information statement in connection with the merger.
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RUM | Hot Stocks08:07 EDT Rumble Cloud launches beta release - Rumble announced the launch of the beta release of Rumble Cloud, ahead of the company's schedule. This launch marks a major milestone in creating a new infrastructure highway that will support the free and open internet. The Rumble Cloud will serve the significant share of the cloud market that is disenfranchised by Big Tech's censorship, as well as the significant share that is disenfranchised by Big Tech's unfair pricing and lock-in strategies. As part of its mission to protect a free and open internet, Rumble went public in late 2022, raising substantial capital to invest in content acquisition and build out independent infrastructure. Since then, Rumble and its growing team of world-class engineers have been actively building out infrastructure to support the company's high-growth video and streaming business. With the infrastructure in place to support its massive video requirements, Rumble is in a unique position to sell the excess capacity from this infrastructure into the cloud market while taking advantage of the economies of scale. Rumble Cloud will provide its beta customers with a robust portfolio of modern cloud services on the latest hardware and technologies. Its offerings will include cloud compute services such as virtual machines and Kubernetes, storage services including block and object storage, and networking services with load balancers and a virtual private cloud. The Rumble Cloud Beta Partner program will enable partners to enjoy the benefits of Rumble Cloud, provide critical feedback, and work side by side with top Rumble engineers.
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HYMC | Hot Stocks08:07 EDT Hycroft Mining confirms metallurgical test results - Hycroft Mining announces results for the Metallurgical Flotation Variability Study. After comprehensive third-party laboratory testing, the Study confirms average flotation recoveries of 89% for gold and 93% for silver, increasing from 80% for both gold and silver in the March 2023 Technical Report1. The increased recoveries were due to modifications to the grind size, reagents and retention time. The results reflect a 20% mass pull into a sulfide concentrate containing 8.5% sulfide sulfur. The variance of the recoveries was +/- 4%. "We are extremely pleased with these results because they clearly demonstrate that we can achieve significant gold and silver recoveries from Hycroft's sulfide ore," commented Diane R. Garrett, President and CEO of Hycroft. "The gold and silver flotation recovery results averaged approximately 10% higher than previously modeled with improved flotation consistency across all geologic domains within the projected mine plan.
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CHKP | Hot Stocks08:07 EDT Check Point to acquire Atmosec, terms not disclosed - Check Point announced the acquisition of Atmosec. An early-stage start-up, Atmosec specializes in the rapid discovery and disconnection of malicious SaaS applications, preventing risky 3rd party SaaS communications, and rectifying SaaS misconfigurations. The move reinforces Check Point's commitment to enhance its SaaS security offering and address the security gaps and blind spots in SaaS applications. Atmosec was founded in January 2021 and employs 17 employees. The widespread adoption of SaaS applications has exposed organizations to an increased array of cyber threats. Statista reports an average use of 130 SaaS applications by organizations globally. Yet, Atmosec's research reveals that there are approximately 700 additional SaaS applications in use without IT's knowledge. Moreover, within popular enterprises SaaS platforms like O365 and Slack, hundreds of third-party apps are connected. This ever-expanding SaaS landscape not only increases the potential attack surface, but it also introduces many apps that could be harmful or misused to leak sensitive information, often bypassing proper IT authorization. Key features of Atmosec's technology include: Quick discovery and disconnection of malicious SaaS applications, completed in under 10 minutes; Prevent third-party SaaS applications from communicating with an enterprise's SaaS environment; Provide full visibility into authorized and unauthorized SaaS applications; Fix misconfigurations within SaaS applications such as publicly exposed repositories; Enforce multi factor authentication to access the application, and many more. With Atmosec's technology, Check Point Infinity will offer SaaS security with continuous SaaS posture management, prevention of malicious communications (SSPM), and a full security stack for SaaS apps including threat prevention, data protection, and adaptative zero-trust access controls for both users and devices. New capabilities will be incrementally released based on roadmap milestones, enabling organizations to utilize these critical enhancements from the same Check Point Infinity platform they already use today. The acquisition of Atmosec is expected to close by mid-September 2023.
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HOG | Hot Stocks08:06 EDT Harley-Davidson authorizes additional share repurchase authorization, up to 10M - The Harley-Davidson Board of Directors has authorized the Company to repurchase up to an additional 10.0 million shares of Harley-Davidson, Inc. common stock. The Board authorization is in addition to the existing share repurchase authorization approved in February 2020. As of June 30, 2023, 5.8 million shares remained on that share repurchase authorization.
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BNGO | Hot Stocks08:06 EDT Bionano announces peer-reviewed publication on OGM and WES - Bionano Genomics announced a peer-reviewed publication from researchers at the German Cancer Consortium, or DKTK, showing the utility of optical genome mapping, or OGM, and whole-exome sequencing, or WES, in better understanding the mutational landscape of pediatric B-cell precursor acute lymphoblastic leukemia, or BCP-ALL. Researchers compared the analysis of 60 pediatric BCP-ALL samples using traditional cytogenetic methods against OGM and WES, finding that OGM and WES may provide novel insights into disease development and progression. Key takeaways include: OGM and WES identified 19 recurrently altered regions with novel potential leukemic drivers; OGM and WES identified double hits of structural variants, or SVs, and single-nucleotide variants, or SNVs, in the same sample, demonstrating the power of the combined approach of OGM and WES to identify compound events relevant to risk stratification and treatment of hematological malignancies; OGM identified 95% of SVs detected by karyotyping, or KT, fluorescence in situ hybridization and/or single nucleotide polymorphism array, including all hallmark translocations and chromosomal gains in hyperdiploid BCP-ALL.
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WGS | Hot Stocks08:04 EDT GeneDx sequences over 500,000 clinical exomes - GeneDx announced a monumental accomplishment in its ongoing commitment to deliver personalized and actionable health insights to inform diagnosis, direct treatment and improve drug discovery. The company has successfully sequenced more than 500,000 clinical exomes, solidifying its place as an industry leader in exome sequencing, enhancing the robustness of its proprietary dataset in order to enable more definitive diagnoses for more patients.
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AMRX | Hot Stocks08:04 EDT Amneal Pharmaceuticals announces Sevelamer carbonate approval in China - Amneal Pharmaceuticals announced it has received its first product approval in China. Sevelamer carbonate was approved and is expected to launch shortly. In addition, the company expects to launch oseltamivir phosphate in China this year as well, upon approval. In total, Amneal has six products pending review in China with more product registrations planned over time. Since 2019, the company has collaborated with Fosun Pharmaceuticals to bring key therapies to market in China.
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CDAY | Hot Stocks08:04 EDT Ceridian says Dayforce Wallet surpasses $2B in earned wages delivered - Ceridian HCM Holding announced a new milestone for Ceridian's market-leading on-demand pay solution, Dayforce Wallet. As of August 2023, Dayforce Wallet has delivered more than $2 billion in earned wages to users across the solution's global footprint since launching in 2020. According to Ceridian's second quarter 2023 results, the company has seen adoption of Dayforce Wallet rise with more than 1,640 customers signed onto the platform as of June 30, 2023. The average sign-up rate for Dayforce Wallet is above 50% across all eligible employees, and the typical Dayforce Wallet user transacts, on average, 25 times per month throughout a calendar year.
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CDTX JNJ | Hot Stocks08:03 EDT Cidara receives election to proceed notice for CD388 from Janssen - Cidara Therapeutics (CDTX) has announced that Janssen Pharmaceuticals, one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ), has delivered to Cidara its Election to Proceed Notice for CD388, or JNJ-0953, which is being developed for the universal prevention of influenza A and B. Responsibility for future development, manufacturing and commercialization activities of CD388 will be assumed by Janssen, which intends to transfer its rights and obligations under the agreement to another entity. As part of its exclusive worldwide collaboration with Janssen, Cidara is studying CD388 in Phase 1 and 2a clinical trials evaluating safety and pharmacokinetics as well as efficacy as pre-exposure prophylaxis against an influenza virus in healthy volunteers during a human challenge study. Earlier this year, Cidara announced promising interim efficacy and safety data from the Phase 2a study. The interim analysis demonstrated that a single dose of CD388 decreased viral replication in the upper respiratory tract and lowered influenza incidence rate compared to placebo. Cidara will receive a $7M milestone payment from Janssen for the election to proceed for CD388 and other influenza DFCs. Under the collaboration agreement, Cidara is eligible to potentially receive an additional $685 million in development, regulatory and commercial milestones, plus tiered royalties on worldwide sales.
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AMS | Hot Stocks08:02 EDT GK Financng provides Gamma Knife ICON upgrade to radiosurgery center - GK Financing announced that a recent upgrade, which included a new source reload, at Providence Swedish Radiosurgery Center has been completed and is now in clinical use. The new purchase agreement for GKF to upgrade the then current Gamma Knife Perfexion to the Gamma Knife ICON was signed earlier this year.
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ACB | Hot Stocks08:00 EDT Aurora Cannabis partners with Brazilian company to expand CBD portfolio - Aurora Cannabis announced an expansion of its hemp-derived CBD portfolio into Brazil. In partnership with Herbarium, the leading Brazilian company in herbal medicine, Aurora will launch the company's full-spectrum, single-source 3% CBD oil, under the Herbarium brand. "We are proud to continue our international expansion and bring quality CBD products to Brazilians alongside our partner, Herbarium, a trusted brand in the market," says Andre Jerome, EVP of Global Business Development at Aurora Cannabis. "Brazil has strong growth potential, and we look forward to leveraging our leadership in the market to further unlock key opportunities in South America
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RYTM | Hot Stocks08:00 EDT Rhythm Pharmaceuticals announces ICD-10 diagnosis code for BBS - Rhythm Pharmaceuticals announced that a new International Classification of Diseases, Tenth Revision diagnosis code for Bardet-Biedl Syndrome was approved by the Centers for Disease Control and Prevention. The new code, Q87.83 Bardet-Biedl syndrome, takes effect Oct. 1, 2023. Prior to this code taking effect, health care providers were limited to reporting BBS diagnoses through ICD-10 code Q87.89, which is a generic code for congenital malformation syndromes not specific to BBS patients.
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GOLD | Hot Stocks07:59 EDT Barrick Gold ceases to be insider of Cascadia Metals - Barrick Gold announced that following the August 24, 2023 closing of a private placement of units by Cascadia Minerals, Barrick's 2,788,696 common shares of Cascadia represent approximately 7.6% of Cascadia's outstanding common shares. Barrick did not acquire any securities in the Private Placement and, as a result of the Private Placement, Barrick has ceased to be an insider of Cascadia pursuant to Canadian securities laws. Barrick is holding its Cascadia common shares for investment purposes. Depending on market conditions and other factors, including Cascadia's business and financial condition, Barrick may acquire additional common shares or other securities of Cascadia or dispose of some or all of the common shares or other securities of Cascadia that it owns at such time.
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SYNH | Hot Stocks07:57 EDT Syneos Health, Star Parent announce proposed $1.7B offering of senior notes - Star Parent and Syneos Health announced that, subject to market conditions and other factors, the Issuer intends to offer $1,700,000,000 aggregate principal amount of Senior Secured Notes due 2030. The Issuer intends to use the proceeds from the offering together with other financing sources to fund the previously announced acquisition of Syneos Health by the Issuer and certain of its affiliated entities and related refinancings. The Purchasing Entities were newly-formed entities established by a consortium of private investment funds led by Elliott Investment Management L.P. and its affiliates, Patient Square Capital, LP and its affiliates and Veritas Capital Fund Management, L.L.C. and its affiliates. If the sale of the Notes is not completed concurrently with the closing of the Acquisition, then the proceeds from the sale of the Notes will be placed into escrow until the closing of the Acquisition.
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APTO | Hot Stocks07:46 EDT Aptose Biosciences closes $3M investment by Hanmi - Aptose Biosciences announced closing of a $3 million investment in common shares of the Company as the first tranche of a private equity investment for up to a maximum of $7 million or 19.99 percent ownership interest by Hanmi Pharmaceutical, Seoul, South Korea. Under the terms of the strategic investment, Hanmi purchased each Share at a price of $4.488, representing a premium over Aptose's common stock price. The investment will provide additional financing for Aptose's lead hematology drug, tuspetinib, formerly HM43239, which was licensed from Hanmi in November 2021 and is currently in the APTIVATE international Phase 1/2 expansion trial in which patients with relapsed or refractory acute myeloid leukemia receive tuspetinib monotherapy or in combination with venetoclax. Aptose has granted Hanmi certain rights pursuant to an investor rights agreement, including registration rights, pre-emptive rights, information rights and the right to appoint non-executive consultants. The closing of the second tranche for up to $4 million or a maximum of 19.99 percent ownership interest will be triggered upon Aptose achieving, prior to July 1, 2024, certain manufacturing and data milestones related to tuspetinib. The Company currently anticipates achieving the milestones by year-end. Under the second tranche of the investment, Hanmi may not acquire more than 19.99% of the Shares issued and outstanding calculated as of the closing date, and, if necessary, the proceeds from the second tranche will be reduced to the extent exceeding this limit irrespective of the Company achieving the milestones.
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DFLI BRKR | Hot Stocks07:45 EDT Dragonfly Energy leverages lithium battery research instrumentation from Bruker - Dragonfly Energy Holdings (DFLI) has continued to invest in the development of battery cell manufacturing with cutting-edge research equipment from Bruker Corporation (BRKR). Dragonfly Energy uses Bruker's nuclear magnetic resonance-based equipment to study lithium batteries at a fundamental level. Through NMR, battery scientists can pull electrolyte samples at various points during the lifetime of a battery for various measurements, which could optimize the performance of cells produced using the Company's patented dry electrode process. The Company recently announced the completion of its domestic cell manufacturing pilot line and expects to produce full cells by the end of 2023
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BMR | Hot Stocks07:43 EDT Beamr Imaging announces second beta release of video optimization service - Beamr Imaging announced the second beta release of its cloud service for video optimization, introducing new APIs that empower customers to automate large-scale video optimization in the cloud. Beamr is focusing on optimizing public cloud video storage, which is projected to reach a value of USD 13.5 billion by the end of 2025. In Beamr's IPO, which was completed in March 2023, Beamr unveiled a 12-month roadmap. Initially, Beamr announced an integration with Nvidia NVENC technology, offering up to a 10x performance improvement over CPU-based solutions. Nvidia later published a blog post highlighting the impressive results achieved through this collaboration between Nvidia and Beamr.
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TW | Hot Stocks07:42 EDT Tradeweb Markets reports Average daily volume for August up 41.2% to $1.44T - Tradeweb Markets reported total trading volume for August 2023 of $33T. Average daily volume, ADV, for the month was $1.44Tan increase of 41.2% year-over-year, YoY, including foreign exchange tailwinds. In August 2023, Tradeweb records included: U.S. government bond ADV was up 14.9% YoY to $142.7B. European government bond ADV was up 19.6% YoY to $32.9B. Growth was driven by strong activity across all client sectors. Higher interest rates continued to drive trading in the retail market. U.S. and European government bond volumes were supported by sustained rates market volatility. Mortgage ADV was up 11.0% YoY to $174.4B. Overall trading activity was supported by relative value trading, despite continued sluggish origination. Client engagement in specified pool trading remained strong. Swaps/swaptions = 1-year ADV was up 125.4% YoY to $381.8bn and total rates derivatives ADV was up 89.0% YoY to $535.9B.
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CRVL | Hot Stocks07:41 EDT CorVel launches CorVel University - CorVel Corporation announced the launch of CorVel University, a comprehensive national training initiative designed to equip candidates with the necessary skills and knowledge to excel as claims specialists in various jurisdictions. Each session will last four weeks. Classes will be taught by experienced CorVel executives and specialists in a combination of in-person and remote sessions. The curriculum will include: An in-depth examination of workers' compensation claims administration, including regulatory and jurisdictional compliance, types of claims, the life cycle of a claim, special handling, and performance standards for claims management. All aspects of CorVel products and services, including how integration produces more accurate processing and outcomes and how the various teams collaborate to deliver a holistic claims management approach. The principles and practices that are unique to the CorVel culture.
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HCWB | Hot Stocks07:40 EDT HCW Biologics to present clinical development, IP program update - HCW Biologics will participate in the H.C. Wainwright 25th Annual Global Investment Conference in New York City. On September 12, 2023, the Company will be meeting individual investors in person at the conference venue, the Lotte New York Palace Hotel in New York. In addition, a pre-recorded, virtual Company update will be available on demand beginning at 7:00 a.m. EDT on September 11, 2023 for all who register for the conference. The update on clinical development will include a Phase 1 clinical trial to evaluate HCW9218 in solid tumors, sponsored by The Masonic Cancer Center, University of Minnesota. UMN is now dosing patients at the highest dose level. Due to clinical protocol requirements, dosing of the remaining patients is expected to take place in the next 3 to 6 months. The trial participants include patients with refractory/chemo-resistant ovarian cancer and colorectal cancer. There has been no dose-limiting toxicity observed in this study. In a second ongoing clinical study, a Company-sponsored Phase 1b/2 clinical trial to evaluate HCW9218 in advanced pancreatic cancer, the Company expects this study to be completed in the first half of 2024. There has been no dose-limiting toxicity observed in this study. This is a multi-center trial, led by the Center for Cancer Research at the National Cancer Institute. Dr. Christine Camp Alewine, M.D., Ph.D., is the principal investigator for the NCI clinical site. She is a Lasker Clinical Research Scholar in the Laboratory of Molecular Biology at the Center for Cancer Research at NCI and a foremost expert in pancreatic cancer research.
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PHRRF | Hot Stocks07:40 EDT PharmaTher submitts ANDA for KETARX to FDA - PharmaTher Holdings announced it has submitted a priority original Abbreviated New Drug Application, or ANDA, for KETARX, or racemic ketamine, to the FDA for expedited review of its ANDA. The Company anticipates KETARX approval and commercial launch in the U.S. in Q2-2024, followed by the pursuit of international approvals to support the growing global demand for ketamine. Ketamine is an essential medicine used for anaesthesia and analgesia listed on the WHO Essential Medicines List. Ketamine has been on the FDA's drug shortage list since February 2018.
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ENVX | Hot Stocks07:38 EDT Enovix launches 'Journey to Scale' podcast - Enovix is launching the company's first podcast, "Journey to Scale," to provide in-depth and frequent updates as it scales to high-volume manufacturing. The podcast is being launched following commencement of Factory Acceptance Testing of the company's Gen2 production equipment, a key milestone outlined earlier this year. The first episode will be released on September 13, 2023, and features Enovix Chief Operating Officer Ajay Marathe, as he describes the company's latest manufacturing milestones. He will detail plans for the company's Fab1 location in Fremont, Fab2 in Penang, Malaysia, as well as how he has applied his manufacturing principles, based on nearly four decades of successfully running high-volume manufacturing at companies such as AMD and Lumileds, to set the company up for success.
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CYTK | Hot Stocks07:38 EDT Cytokinetics opens enrollment for ACACIA-HCM - Cytokinetics announced that ACACIA-HCM, or Assessment Comparing Aficamten to Placebo on Cardiac Endpoints In Adults with Non-Obstructive HCM, a Phase 3 clinical trial of aficamten in patients with symptomatic non-obstructive hypertrophic cardiomyopathy, or nHCM, is open to enrollment. Aficamten is a next-in-class cardiac myosin inhibitor in development for the potential treatment of HCM. ACACIA-HCM is a Phase 3, multi-center, randomized, double-blind, placebo-controlled clinical trial designed to evaluate the effect of aficamten compared to placebo on health-related quality of life in participants with symptomatic nHCM. The primary endpoint is the change in Kansas City Cardiomyopathy Questionnaire, or KCCQ, Clinical Summary Score from baseline to Week 36. Secondary endpoints include the change from baseline to Week 36 in maximal exercise performance and sub-maximal exercise performance, the proportion of patients with greater than or equal to1 class improvement in New York Heart Association functional class, changes in left atrial volume index and NT-proBNP. After the primary analysis at 36 weeks, patients will continue treatment with aficamten or placebo for up to 72 weeks to evaluate additional secondary and exploratory analyses including the time to first cardiovascular event.
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DPRO | Hot Stocks07:38 EDT Draganfly unveils Commander 3 XL Hybrid Drone - Draganfly announced the unveiling of its newest product, the Commander 3 XL Hybrid, at the Commercial UAV Expo taking place at the Caesars Palace, Las Vegas, from September 5-7. The Commander 3 XL Hybrid leverages the North American built highly modular and highly adaptable Commander 3 XL airframe. This cutting-edge system significantly extends flight duration, allowing operators to achieve more in a single flight than ever before.
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NCNO | Hot Stocks07:37 EDT nCino enhances Small Business Banking Solution - nCino announced enhancements to its Small Business Banking Solution. The updates allow for relevant data to be captured as a part of the loan origination workflow across a financial institution's portfolio and subsequently exported for Dodd-Frank 1071 compliance. nCino's Small Business Banking Solution adapts to an ever-changing regulatory landscape, allowing institutions to expand their portfolio, capture relevant demographic data, and stay ahead of regulation deadlines. As additional regulatory milestones approach or evolve, nCino will continue to release updates and enhancements affording financial institutions time to fine-tune processes and help ensure compliance.
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ARLP | Hot Stocks07:37 EDT Alliance Resource Partners invests $25M in Ascend Elements - Alliance Resource Partners announced that it has invested $25M in Ascend Elements, as part of its $460M Series D funding round. This capital, combined with $480M in total grants awarded by the Department of Energy, will advance construction of North America's first commercial-scale manufacturing facility, located near Hopkinsville, Kentucky, producing cathode materials for electric vehicle batteries.
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BIIB | Hot Stocks07:36 EDT Biogen appoints Jane Grogan as Executive Vice President - Biogen announced the appointment of Jane Grogan, as Executive Vice President, Head of Research effective 2 October. Grogan will be a member of Biogen's Executive Committee reporting to Christopher A. Viehbacher, President and CEO. Jane Grogan brings nearly two decades of experience leading biotech research, including fifteen years with Genentech. Grogan most recently served as the Chief Scientific Officer at Graphite Bio, a cell and gene editing company. Prior to this, she served as Chief Scientific Officer at ArsenalBio, a privately held programmable T cell therapy company, responsible for research, discovery and preclinical pipeline, including development for the company's first product candidate.
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WSO | Hot Stocks07:36 EDT Watsco acquires Gateway Supply Company, terms not disclosed - Watsco has completed the acquisition of Gateway Supply Company, Inc., a distributor of plumbing and HVAC products. Founded in Columbia, South Carolina in 1964, Gateway Supply has annual sales of approximately $180 million and serves approximately 4,000 customers from 15 locations in South Carolina and one location in North Carolina. The company distributes approximately 40,000 SKUs from more than 600 vendors.
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ARMK | Hot Stocks07:35 EDT Aramark Board approves spin-off of Vestis - Aramar announced that its Board of Directors approved the previously announced tax-free spin-off transaction of its uniforms and workplace supplies business, which will be named Vestis. The spin-off is expected to be completed on September 30 , and will be effected through a pro rata distribution of the common stock of Vestis Corporation. Holders of Aramark common stock will be entitled to receive one share of Vestis common stock for every two shares of Aramark common stock held as of the close of business on September 20 , the record date for the distribution. No stockholder action is necessary to receive shares in the distribution of Vestis common stock. Aramark stockholders who hold Aramark common stock on the record date will receive a book-entry account statement reflecting their ownership of Vestis common stock or their brokerage account will be credited with Vestis shares. Because September 30 is a Saturday and not a business day, the shares are expected to be credited to "street name" stockholders through the Depository Trust Corporation on the first trading day thereafter, October 2.
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SIGA | Hot Stocks07:35 EDT Siga Technologies appoints Jay Varma as Chief Medical Officer - SIGA Technologies announced that Jay K. Varma has joined SIGA as Executive Vice President and Chief Medical Officer, or CMO. He will also continue to serve as a director of the SIGA Board of Directors. As EVP and CMO, Varma will lead medical affairs. He will provide support and planning for SIGA efforts to build broader awareness of the risk and public health impact of smallpox, MPOX and other orthopox virus outbreaks and promote strategies in procurement and treatment that can support the highest levels of public and individual safety. He will represent SIGA in engagement with leaders from patient advocacy, medical organizations, professional societies, global and regional health agencies and other public health and defense organizations around the world. Varma joined the SIGA Board of Directors in November 2022. He was previously a Professor of Population Health Sciences and Director of the Cornell Center for Pandemic Prevention and Response at Weill Cornell Medicine, a new center at the university focused on pandemic prevention, preparedness, and response. From 2001-2021, he worked for the U.S. Centers for Disease Control and Prevention in Atlanta, Thailand, China, Ethiopia, and New York City.
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EXROF VEV | Hot Stocks07:34 EDT Exro Technologies announces coil driver start of production - Exro Technologies (EXROF) announced a significant corporate milestone with the official start of production of the company's patented Coil Driver technology. The milestone is backed by purchase orders from Italian OEM supplier HB4 Group and Canadian electric bus and commercial vehicle manufacturer Vicinity Motor Corp (VEV). "On behalf of everyone at Exro, we are thrilled to announce the official start of production of our Coil Driver technology", said Exro CEO Sue Ozdemir. "This achievement marks a tremendous milestone in bringing our next-generation technology to market from proof-of-concept on paper over three years ago, to now being in production for on-road customer vehicles."
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BBIO | Hot Stocks07:33 EDT BridgeBio announces positive feedback from FDA on PROPEL3 - BridgeBio Pharma announced positive feedback from the U.S. FDA and the EU EMA on key elements of the trial design for PROPEL3, its pivotal Phase 3 study of infigratinib in children with achondroplasia. Both regulatory bodies indicated that a single, one-year, 2:1 randomized, placebo-controlled trial would be acceptable as a registrational study for approval, which clears the path for initiation of the trial by the end of 2023. PROPEL3, the Phase 3 registrational study is a randomized, double-blinded, multi-site, placebo-controlled clinical trial, which will evaluate the safety and efficacy of infigratinib in children with achondroplasia aged 3 to 18 years with open growth plates. The primary endpoint will be change from baseline in AHV, with secondary endpoints including proportionality, height Z-score, and impact on medical complications. BridgeBio is also committed to exploring the potential of infigratinib on the wider medical and functional impacts of achondroplasia, hypochondroplasia and other skeletal dysplasias, which hold significant unmet needs for families. Based on the positive results to date, the Company has been enrolling children in the run-in for PROPEL3 and expects to initiate PROPEL3 by the end of the year.
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SAIA | Hot Stocks07:32 EDT Saia reports August LTL shipments per workday up 14.2% from last year - Saia provided LTL shipment and tonnage data for July and August. In July 2023, compared to July 2022, LTL shipments per workday increased 6.0%, LTL tonnage per workday increased 3.4% and LTL weight per shipment declined 2.4% to 1,401 pounds. In August, compared to August 2022, LTL shipments per workday increased 14.2%, LTL tonnage per workday increased 6.8% and LTL weight per shipment declined 6.4% to 1,339 pounds.
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JNJ | Hot Stocks07:31 EDT Janssen Pharmaceutical says primary endpoint met in Phase 3 MARIPOSA-2 study - The Janssen Pharmaceutical Companies of Johnson & Johnson announced positive topline results from the three-arm Phase 3 MARIPOSA-2 study evaluating RYBREVANT, a bispecific antibody targeting epidermal growth factor receptor and mesenchymal-epithelial transition, given with and without lazertinib, an oral, third-generation EGFR tyrosine kinase inhibitor, combined with chemotherapy (carboplatin and pemetrexed) versus chemotherapy alone. MARIPOSA-2 enrolled patients with locally advanced or metastatic EGFR exon 19 deletions (ex19del) or L858R substitution NSCLC after disease progression on or after osimertinib. The study met its dual primary endpoint, demonstrating a statistically significant and clinically meaningful improvement in PFS versus chemotherapy alone in both experimental treatment arms. No new safety signals were found for the addition of RYBREVANT to chemotherapy. Janssen plans to submit these results for presentation at upcoming scientific congresses, including details on secondary endpoints such as overall survival (OS), objective response, duration of response and intracranial PFS.
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UNCY ALEC | Hot Stocks07:30 EDT Unicycive Therapeutics appoints Sara Kenkare-Mitra to board of directors - Unicycive Therapeutics (UNCY) announced the appointment of Sara Kenkare-Mitra, to the Company's Board of Directors, effective September 6. As a veteran of the biotech and pharmaceutical industry, we believe Sara's leadership and experience in drug development spanning more than 25 years will significantly help bolster Unicycive's future growth. Sara Kenkare-Mitra, is currently President and Head of Research and Development at Alector (ALEC) where she leads all aspects of the company's R&D efforts in neurodegeneration, including oversight of the research, development, clinical, manufacturing, regulatory, and related functions. Prior to joining Alector, Kenkare-Mitra held roles of increasing responsibility at Genentech over the course of 23 years serving most recently as Senior Vice President, Development Sciences in Genentech's research and early development unit. During her tenure at Genentech, she led a large, integrated global organization of approximately 650 employees, and played a key role in the filing of more than 100 Investigational New Drug/clinical trial applications around the world, and the approval of 11 medicines for diverse diseases, including cancers and neurological diseases. Her team also enabled the successful development and approval of over 15 companion diagnostics.
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ZTEK | Hot Stocks07:30 EDT Zentek announces results of study in viral filtration efficiency - Zentek announced the results of a recent study comparing the Viral Filtration Efficiency of its ZenGUARD-enhanced MERV 9 filters with an uncoated MERV 9 filter. The testing was performed by the third-party lab LMS Technologies, which specializes in the testing and certification of filter manufacturers across the world, referring to the new American Society of Heating, Refrigerating and Air-Conditioning Engineers standards for aerosolized particles and determining the impact of dust loading on VFE and particle filtration efficiency as per ASHRAE 52.2 testing standards. Key Findings: Increased Viral Filtration Efficiency with Dust Loading: The VFE of ZenGUARD-enhanced filters started with a significant advantage over equivalent non-coated filters, from 23.7% to 37.7%, a 59% enhancement or a 14% net gain overall. After the initial test, the VFE was remeasured after dust was added to the filters that was equivalent to 1, 2, 3 and 6 months of operation. At every dust loading, the VFE performance consistently increased faster for the ZenGUARD-enhanced filters compared to the uncoated filters. At six months equivalent dust loading, the VFE of the ZenGUARD-enhanced filter was 85.6% compared to 55.2% for the uncoated filter, a 28.4% net gain. The viral particles were suspended in 0.1um aerosols or smaller, equivalent to the lower range of E1 particles. Testing using this size of aerosol is significantly more rigorous than the testing methodology accepted in the new ASHRAE standard for control of infectious aerosols. These parameters and rationale are consistent with the testing that was performed for the Phase 2 Innovative Solutions Canada Challenge conducted by the National Research Council of Canada in the simulated classroom environment. Consistent Pressure Drop: The pressure drop remained consistent between ZenGUARD-enhanced and uncoated filters as dust loading increased, indicating that ZenGUARD does not adversely affect airflow or energy efficiency of the HVAC system. Effective Particle Removal: ZenGUARD-enhanced filters operated similarly to regular MERV 9 filters when tested for PFE, effectively removing particles across all size ranges as per ASHRAE 52.2 standards.
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IREN | Hot Stocks07:28 EDT Iris Energy reports negative electricity costs in August - Iris Energy published a monthly investor update for August, containing its results from operations as well as business updates. Reports: Negative realized electricity costs of ~$0.08/kWh3; Company was effectively paid ~$28k per Bitcoin to take power at Childress and generated a further ~$28k per Bitcoin in mining revenue; 580MW of additional power available at Childress for expansion. Initial purchase of 248 NVIDIA H100 GPUs for ~$10M; Bitcoin mining remains core; next-gen compute represents additional opportunity; Childress construction; Mass grading civil works complete, data center concrete foundation works commenced; Construction remains on track for 20MW to 100MW expansion; Supports hashrate growth from 5.6 EH/s to 9.1 EH/s6.
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ARAAF | Hot Stocks07:28 EDT Aclara Resources completes semi-industrial scale piloting for Penco Module - Aclara Resources has completed the piloting operation for the Penco Module project. The Company processed a total of 120 tonnes of ionic clays and produced approximately 107 kilograms of wet high purity Heavy Rare Earth Elements concentrate. The technical results will be published during the fourth quarter of 2023. Ramon Barua, CEO commented: "The continuous operation of the pilot plant has been a great success for the Company. Not only has it enabled us to attain technical validation for our groundbreaking Circular Mineral Harvesting process within the Penco Module, but it has also emerged as our primary means of showcasing the exceptional sustainability aspects of our project to our local community, authorities, investors, and other stakeholders that are part of our story. The piloting operation has also been a pivotal element of our commercial strategy, resulting in the production of representative product samples that we are currently dispatching to more than ten separation companies across the United States, Europe, and Asia."
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TNON | Hot Stocks07:27 EDT Tenon Medical announces first patients treated with JIB instrument kit - Tennon Medical announced completion of the first patients treated with the Company's newly released JIB Instrument Kit. Matthew T. Davies, MD, a board-certified Neurosurgeon from Orthopedic Associates in Duluth, Minnesota successfully treated the first three patients with the JIB kit at Lakewalk Surgery Center on August 31, 2023. Dr. Davies is a recognized leader in the diagnosis and treatment of the SI Joint, utilizing innovative minimally invasive SI Joint fusion procedures to treat painful SI Joint dysfunction and degenerative sacroiliitis. He has performed more than 300 SI Joint fusion procedures and recently incorporated the Catamaran implant into his SI Joint fusion treatment algorithm.
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BCDA | Hot Stocks07:25 EDT BioCardia provided update on its CardiAMP cell therapy programs - BioCardia announced a clarification and next steps on its autologous CardiAMP cell therapy programs. Based on the recent interim results in the CardiAMP autologous cell therapy for the treatment of heart failure, or BCDA-01, the Company is exploring development of a new Phase III clinical trial protocol. The Finkelstein Schoenfeld, or FS, primary composite endpoint used in the CardiAMP HF Trial has tiers of outcomes in decreasing order of importance: heart death equivalent, major adverse cardiac and cerebrovascular MACCE, and Six Minute Walk Distance, or 6MWD. Since the primary FS endpoint is a composite of these elements, meeting the FS endpoint may be met even if one or more of the components does not individually demonstrate statistical significance. This has implications for the future trial design. The CardiAMP HF Trial interim results showed that the first two most important tier outcomes, occurring in 30% of the study patients, could have contributed sufficiently toward efficacy given a longer follow-up period than one year. If these interim results are replicated in a future study in which the third tier 6MWD is replaced with a more objective endpoint, there may be a pathway to a successful trial for product registration in the U.S. The FDA has previously expressed a preference for replacing the 6MWD with Cardiopulmonary Exercise Testing, which is a more objective outcome.
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BCDA | Hot Stocks07:25 EDT Correction: BioCardia provided update on its CardiAMP cell therapy programs - BioCardia announced a clarification and next steps on its autologous CardiAMP cell therapy programs. Based on the recent interim results in the CardiAMP autologous cell therapy for the treatment of heart failure, or BCDA-01, the Company is exploring development of a new Phase III clinical trial protocol. The Finkelstein Schoenfeld, or FS, primary composite endpoint used in the CardiAMP HF Trial has tiers of outcomes in decreasing order of importance: heart death equivalent, major adverse cardiac and cerebrovascular MACCE, and Six Minute Walk Distance, or 6MWD. Since the primary FS endpoint is a composite of these elements, meeting the FS endpoint may be met even if one or more of the components does not individually demonstrate statistical significance. This has implications for the future trial design. The CardiAMP HF Trial interim results showed that the first two most important tier outcomes, occurring in 30% of the study patients, could have contributed sufficiently toward efficacy given a longer follow-up period than one year. If these interim results are replicated in a future study in which the third tier 6MWD is replaced with a more objective endpoint, there may be a pathway to a successful trial for product registration in the U.S. The FDA has previously expressed a preference for replacing the 6MWD with Cardiopulmonary Exercise Testing, which is a more objective outcome.
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MRSN | Hot Stocks07:24 EDT Mersana provided update on its CardiAMP cell therapy programs - BioCardia announced a clarification and next steps on its autologous CardiAMP cell therapy programs. Based on the recent interim results in the CardiAMP autologous cell therapy for the treatment of heart failure, or BCDA-01, the Company is exploring development of a new Phase III clinical trial protocol. The Finkelstein Schoenfeld, or FS, primary composite endpoint used in the CardiAMP HF Trial has tiers of outcomes in decreasing order of importance: heart death equivalent, major adverse cardiac and cerebrovascular MACCE, and Six Minute Walk Distance, or 6MWD. Since the primary FS endpoint is a composite of these elements, meeting the FS endpoint may be met even if one or more of the components does not individually demonstrate statistical significance. This has implications for the future trial design. The CardiAMP HF Trial interim results showed that the first two most important tier outcomes, occurring in 30% of the study patients, could have contributed sufficiently toward efficacy given a longer follow-up period than one year. If these interim results are replicated in a future study in which the third tier 6MWD is replaced with a more objective endpoint, there may be a pathway to a successful trial for product registration in the U.S. The FDA has previously expressed a preference for replacing the 6MWD with Cardiopulmonary Exercise Testing, which is a more objective outcome.
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TRVN | Hot Stocks07:23 EDT Trevena receives $15M non-dilutive tranche - Trevena announced receipt of a $15 million tranche under its non-dilutive ex-US royalty-based financing. This tranche of funding was triggered by the first commercial sale of OLINVYK in China by Jiangsu Nhwa, the Company's licensee in China. As previously announced, OLINVYK has been approved in China for use in adults for the management of acute pain severe enough to require an intravenous opioid analgesic and for whom alternative treatments are inadequate. The $15 million tranche is in addition to the $28.1 million of cash and cash equivalents the Company previously reported as of June 30, 2023. As part of the R-Bridge Financing, Trevena may receive an additional $10 million upon achievement of either a commercial or financing milestone. The Company also announced additional expected near-term milestones: New VOLITION Respiratory Data for OLINVYK. The Company previously reported initial topline GI and delirium data from the ~200 patient OLINVYK VOLITION study, a real-world, open-label, multi-site study led by clinical outcomes research experts from Cleveland Clinic and Wake Forest Baptist Health Medical Center. Trevena expects to report new respiratory data from the study using continuous respiratory monitoring in 3Q 2023. OLINVYK Abstracts Accepted at American Society of Anesthesiologists 2023 Meeting. The Company has three abstracts accepted for presentation at ASA, which will be held in San Francisco from October 13th to the 17th. One abstract was selected for an oral presentation as a top research abstract. The abstracts are embargoed until the conclusion of the meeting and at which time they will be available at https://www.trevena.com/publications. "ARTEMIS, A Real-World Evidence Trial Examining the Use of Oliceridine, a Biased Agonist at the mu Receptor, in Patients Requiring Post-Surgical Pain Control." With lead author Todd L. Wandstrat, PharmD of Trevena, Inc. "Postoperative Vomiting With IV Oliceridine in Postoperative Recovery: A Single-group Prospective Cohort Study" with lead author Mark Demitrack, M.D of Trevena, Inc. "Antinociception Versus Neurocognitive Effect of Biased Mu-opioid Receptor Oliceridine Versus Morphine- Utility Function Analysis" with lead author Albert Dahan MD PhD of the Centre for Human Drug Research, Leiden, the Netherlands. TRV045 Data. The Company today reported results from its Target Engagement and TMS Proof-of-Concept studies. In addition, a nonclinical study of TRV045 is ongoing, focused on the potential of TRV045 to treat infantile spasms, a rare pediatric disorder. TRV045 is also being studied by the NIH's Epilepsy Therapy Screening Program as a potential disease-modifying therapeutic for the prevention of seizures. Nonclinical data from both of these studies are expected 2H 2023.
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MRSN | Hot Stocks07:22 EDT Mersana Therapeutics appoints Martin Huber as CEO - Mersana Therapeutics announced the retirement of Anna Protopapas, President and CEO, effective September 10 and the appointment of Martin Huber, current member of the Board of Directors, as President and CEO, effective September 11. Huber and Protopapas will both remain members of Mersana's Board of Directors following the transition. Huber has been a member of Mersana's Board of Directors since 2020 and joins the company from Xilio Therapeutics, where he most recently served as President, Head of R&D and, prior to that, as Chief Medical Officer. Before joining Xilio, he served as Chief Medical Officer at TESARO. Mersana also announced additional changes to the company's executive team. Brian DeSchuytner, who joined the company in 2019 and has served as Senior Vice President, CFO, since 2021, has been named Senior Vice President, COO and CFO. He will continue to serve as the company's principal financial officer while overseeing its finance, investor relations, business development, information technology and human resources functions. Mohan Bala, who has served as Senior Vice President, Strategic Product Planning & Program Leadership since 2021, has been named Senior Vice President, Chief Development Officer and will lead the company's clinical and translational medicine, clinical operations, biometrics, product planning and program leadership functions. Additionally, Ashish Mandelia, who joined the company as Vice President, Controller in 2019, has been appointed Vice President, Chief Accounting Officer. In conjunction with these changes, Chief Medical Officer Arvin Yang, and Chief People Officer Carla Poulson will be departing Mersana, effective September 29.
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NAAS | Hot Stocks07:20 EDT NaaS secures RMB 204M energy storage order - NaaS Technology announced that it has signed strategic cooperation agreements with several enterprises through its subsidiary Nengcang Technology. Under the agreements, NaaS will supply over 380 charging stations with energy storage equipment while offering comprehensive solutions, boasting an energy storage capacity of 130.088MWh. The total order value is RMB204 million, with implementation set for the coming months. "We are thrilled to embark on this strategic cooperation with our prominent partners, a testament to the recognition of NaaS' operating capabilities and business model in seamlessly integrating energy storage solutions at charging stations," stated Ms. Yang Wang, founder and CEO of NaaS. "According to the NaaS Research Institute, China's charging stations will grow to 1.8 million in the next decade, requiring a 637GWh of energy storage capacity, with total investment expected to exceed RMB1 trillion. Consequently, by propelling the growth and maturation of photovoltaic-storage-charging station development, we are redefining the energy landscape. We strongly believe that this collaboration will not only drive our growth but also have far-reaching exemplar effects that are poised to resonate throughout the industry in the times ahead."
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MECVF | Hot Stocks07:20 EDT mdf Commerce, State of Hawaii sign multi-year agreement - mdf commerce announces that after a competitive RFP process, the State of Hawaii has awarded a multi-year agreement for the usage of our entire procurement suite. The State of Hawaii now becomes the 10th State/Province to join the mdf commerce eprocurement customer community. The State will gradually implement the end-to-end eprocurement suite, including our modules SOURCE, CONTRACT, PROCURE, CONNECT and SHOP. The solution will be fully integrated with the State's financial system.
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VKTX | Hot Stocks07:20 EDT Viking Therapeutics announces initiation of Phase 2 VENTURE trial - Viking Therapeutics announced the initiation of a Phase 2 clinical trial of VK2735, the company's wholly-owned dual agonist of the glucagon-like peptide 1 and glucose-dependent insulinotropic polypeptide receptors. VK2735 is in development for the potential treatment of various metabolic disorders such as obesity. The Phase 2 VENTURE trial is a randomized, double-blind, placebo-controlled study that will evaluate the safety, tolerability, pharmacokinetics, and weight loss efficacy of four different doses of VK2735, administered subcutaneously, once weekly.
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OTCM | Hot Stocks07:19 EDT OTC Markets expands relationship with Moomoo Financial - OTC Markets Group announced an expanded agreement with the U.S. trading platform moomoo that provides professional trading experience with advanced technical analysis, in-depth market data, and an active online community. With this new agreement, moomoo's U.S. users now have convenient access to Real-Time Level 1+ top of book quote data for OTCQX(R), OTCQB and Pink securities to assist in trading and investment decision-making. This collaboration increases the availability of data on OTC equity securities to moomoo investors in the U.S.
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ORGS | Hot Stocks07:18 EDT Orgenesis appoints Gerhard Bauer as VP of Global Product Implementation - Orgenesis appointed Gerhard Bauer as the Vice President of Global Product Implementation at Octomera has been made to enhance the existing process development, regulatory, engineering, equipment, and data/technical service offering and POCare Center hubs. He is also an active contributor to the evolution of the flexible facilities format, Octomera Mobile Process Labs & Units, or OMPULs, and network, which allow the traditional facility build time to be cut down from years to under 6 months.
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GXO BTGOF | Hot Stocks07:18 EDT GXO Logistics marks first year of partnership with BT Group - GXO Logistics has marked the first year of its transformational project to manage logistics and transport operations for U.K. telecommunications leader BT Group. The partnership has already exceeded expectations by delivering substantial cost savings through increased efficiency, with further continuous improvement projects still to come.
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IRDM | Hot Stocks07:17 EDT Iridium provides global connectivity for XCMG heavy equipment - Iridium Communications announced that Xuzhou Construction Machinery Group will deploy Iridium IoT services on its global fleet of heavy equipment, starting with excavators and expanding to loaders and crane trucks as needed. XCMG will utilize Iridium's global network to maintain critical connectivity with their heavy equipment in key strategic locations including Australia, Southeast Asia, Latin America, Africa, and Central Asia. "As a world class OEM, XCMG continues to demonstrate their forward-thinking approach and innovation in the heavy equipment industry," said Matt Desch, CEO, Iridium. "By leveraging Iridium's truly global, weather-resilient satellite connectivity on their machinery, XCMG is enabling a better user experience with advanced, cutting-edge solutions to their customers worldwide."
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GIS | Hot Stocks07:17 EDT General Mills sees share repurchases reducing shares outstanding by 3% in FY24 - General Mills is focused on maintaining its disciplined approach to capital allocation, beginning with capital investment into the business at roughly 4% of net sales in fiscal 2024. Dividend growth is the second capital priority, and the company announced a 9% increase to its quarterly dividend rate effective with the August 2023 payment. With debt leverage comfortably below its 3.0x target, the company has ample capacity to further reshape its portfolio with growth- and value-accretive acquisitions. After M&A, the company targets returning remaining cash to shareholders via share repurchases, which are expected to reduce average net shares outstanding by roughly 2% in fiscal 2024.
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ELDN | Hot Stocks07:16 EDT Eledon announce publication fo study evaluating tegoprubart - Eledon Pharmaceuticals announced the publication of a study evaluating tegoprubart as an immunomodulatory monotherapy in nonhuman primate kidney and islet allotransplants. The study, entitled "The anti-CD40L monoclonal antibody AT-1501 promotes islet and kidney allograft survival and function in nonhuman primates", was published in the August 30, 2023, issue of Science Translational Medicine. Results from the study showed that treatment with tegoprubart as a monotherapy promoted long-term kidney and islet allograft survival and function in nonhuman primates, indicating its potential as an immunomodulatory agent for organ transplantation. In the study, tegoprubart did not bind to Fc receptors or promote platelet aggregation in vivo, thereby minimizing the risk of thromboembolic complications, while also retaining a high binding affinity to CD40L. Additionally, phenotypes of both CD4+ and CD8+ cells remained similar throughout the study. Eledon recently initiated the BESTOW study, a phase 2 study enrolling approximately 120 participants undergoing kidney transplantation to assess the efficacy and safety of tegoprubart compared to the standard of care.
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GRMN | Hot Stocks07:16 EDT Garmin expands xHD3 series with new magnetron drome radars - Garmin announced the addition of two radars to the magnetron lineup, the GMR xHD3/HD3 dome radar series. These new radars provide high-definition imaging and the latest platform technology to give boaters, sailors and anglers extra peace of mind on the water. "We're excited to offer our xHD3 dome radar series with these new enhancements, continuing our pursuit to provide mariners with the most innovative technology available on the water today. Garmin's new magnetron radars deliver a high-definition picture of weather, obstacle and traffic detection, giving mariners superior clarity and detail for added peace of mind every time they leave the dock." -Dan Bartel, Garmin Vice President of Global Consumer Sales
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KGS | Hot Stocks07:16 EDT Kodiak Gas Services added to four Russell US indexes - Kodiak Gas Services announced that it will be added to the Russell 2000, Russell 2500, Russell 3000 and Russell Small Cap Completeness indexes as part of the Russell Indexes' planned third quarter IPO additions. Kodiak is scheduled to be added to these indexes after equity markets close on September 15, 2023 and is expected to begin trading as a component of these indexes when equity markets open on Monday, September 18, 2023. Mickey McKee, Kodiak's founder and Chief Executive Officer, stated, "Kodiak's inclusion in these Russell indexes marks another meaningful milestone following our successful IPO earlier this summer and will significantly broaden our visibility among the investment community. We are excited to further expand our shareholder base to include a greater number of passive and active ETFs and institutions."
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KVHI | Hot Stocks07:15 EDT KVH Industries to add Starlink to its service portfolio - KVH Industries announced that it is adding Starlink to its service portfolio. KVH will sell Starlink on its own and also as a KVH ONE global network companion service. KVH, a leading provider of intelligent hybrid connectivity for maritime applications, will serve as an authorized Starlink reseller and integrator for commercial and leisure vessels.
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YJ | Hot Stocks07:15 EDT Yunji appoints Chen as independent director, Xi resigns from positions - Yunji announced the appointment of Xuefeng Chen as an independent director of the Company, effective September 6, 2023. Suqin Xi has concurrently resigned from his position as an independent director and no longer serves as a member on the audit committee, compensation committee, and nominating and corporate governance committee of the Company's board of directors. Xuefeng Chen will serve as a member on each of these committees.
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GIS | Hot Stocks07:15 EDT General Mills sees FY24 Holistic Margin Management cost savings to 4% - 'The supply chain environment has steadily improved in recent months, with supply disruptions returning to pre-pandemic levels and General Mills' customer service levels reaching the low- to mid-90s in the U.S. With a more stable supply chain allowing for more resources to be redirected toward productivity, the company remains on track to step up its Holistic Margin Management cost savings to 4% of cost of goods sold in fiscal 2024, compared to 35 generated in fiscal 2023," said the company with its earnings release.
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EGLX NFLX | Hot Stocks07:15 EDT Enthusiast Gaming, Netflix, Metavision partner for Fortnite Creative experience - Enthusiast Gaming Holdings and Metavision have collaborated with Netflix to launch its first-ever Fortnite Creative experience for the most popular manga series in history: ONE PIECE, in celebration of the new live-action version streaming globally on Netflix beginning August 31. The in-game experience, created with the new development toolbox 'Unreal Editor for Fortnite' in Fortnite Creative, a tool that allows users to design, create and share experiences with other players outside of the traditional 'Battle Royale', marks the first time that a streaming service has utilized the platform's creative capabilities to deliver a bespoke gaming experience to fans.
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ARMN | Hot Stocks07:14 EDT Aris Mining to list common shares on NYSE American - Aris Mining announces that it has received approval to list its common shares on the NYSE American. Neil Woodyer, CEO of Aris Mining, commented "Listing Aris Mining on the NYSE American will increase our visibility to investors in the United States and internationally. We are optimizing our operations with a focus on cash flow generation, extending mine life, building new mines, and exploring acquisitions. Aris Mining has a strong balance sheet and we believe we are on track to produce 400,000 ounces of gold in Colombia in 2026, based on steady-state production from our Segovia Operations and the expanded Marmato Mine. As we step forward, our strategy is centered around the belief that successful mining in Colombia hinges on our collaboration with and support of local Artisanal and Small-Scale Miners." Trading of the Company's common shares on the NYSE American is expected to commence on or about Thursday, September 14, 2023 under the symbol "ARMN", with trading on the OTCQX to cease concurrent with the NYSE American listing. The Company will remain listed on the Toronto Stock Exchange under the symbol "ARIS".
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TNXP GSK | Hot Stocks07:14 EDT Tonix Pharmaceuticals plans to meet potential increased demand for Tosymra - Tonix Pharmaceuticals Holding (TNXP) announced that it is committed to meeting potential increased demand for Tosymra, or sumatriptan, nasal spray 10 mg after GlaxoSmithKline's (GSK) planned discontinuation of Imitrex, or sumatriptan, nasal spray 5 mg and 20 mg products after January, 2024. Drug shortages have presented an ongoing challenge for the U.S. healthcare system, reaching near-record levels2 in recent months, causing treatment delays and rationing. Tonix is ready to step in to alleviate potential shortages in sumatriptan, a widely used treatment option for acute migraine.
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ARQQ | Hot Stocks07:13 EDT Arqit Quantum, SecureCloud+ enter partnership, supply contract - Arqit Quantum and SecureCloud+ announced a partnership and supply contract to deliver resilient high grade security solutions and services. This partnership will harness Arqit's groundbreaking Symmetric Key Agreement Platform, which guards against current and future cyber threats including spoofing, harvesting and tampering, and SecureCloud+ services to deliver resilience and protection for data management, communications, devices, sensors and network infrastructures.
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MYGN | Hot Stocks07:12 EDT Myriad Genetics announces results of survey on ovarian cancer screening - Myriad Genetics revealed new nationwide survey results indicating widespread confusion and misconceptions about ovarian cancer screening among a majority of women. The Myriad Genetics Cancer Risk survey shows that nearly three out of four women falsely believe annual pap smears include testing for ovarian cancer. According to the Centers for Disease Control and Prevention, the "only gynecologic cancer the Pap test screens for is cervical cancer." While almost half of the women surveyed believe they are being proactive when it comes to ovarian health, only 38% say they visited an OB-GYN in the past year and 13% say they have taken a genetic test to assess risk for cancer. For those who have not taken a genetic test, many women said they'd be motivated to get a genetic test if they had a high-risk of ovarian cancer based on family medical history or an immediate family member with ovarian cancer. Regardless of risk factors, 71% of the women surveyed believe all women should have genetic testing to determine ovarian cancer risk. Two out of three agree that knowing their risk will allow them to take more appropriate preventative measures and 58% agree knowing their risk will help their doctor more appropriately plan treatment should they get cancer.
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BNED | Hot Stocks07:11 EDT Barnes & Noble Education announces Kevin Watson as CFO - Barnes & Noble Education, or BNED, announced that Kevin Watson has been named CFO, effective September 7. Watson will report directly to Michael Huseby, CEO, BNED. Prior to joining BNED, Mr. Watson served as Executive Vice President and Chief Financial Officer for Paraco Gas Corporation.
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TNGX | Hot Stocks07:11 EDT Tango Therapeutics receives clearance from FDA for TNG348 - Tango Therapeutics announced that the FDA has cleared the Company's Investigational New Drug, or IND, application for TNG348, a novel inhibitor of USP1, or ubiquitin-specific protease 1, for the treatment of BRCA1/2 mutant and other HRD+ cancers. "FDA clearance to start the TNG348 phase 1/2 clinical study is an important step in the development of a novel treatment with the potential to treat a substantial number of ovarian, prostate and breast cancers. We plan to initiate the TNG348 clinical trial in the first half of 2024," said Barbara Weber, President and CEO of Tango Therapeutics. The phase 1/2 clinical trial will evaluate the safety, pharmacokinetics, pharmacodynamics and efficacy of TNG348 as a single agent and in combination with olaparib, a PARP inhibitor, in patients with BRCA1/2-mutant and other HRD+ cancers. HRD+ cancers, including BRCA1/2 mutations, represent up to 50% of ovarian cancers, 25% of breast cancers, 10% of prostate cancers and 5% of pancreatic cancers.
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AGNPF | Hot Stocks07:10 EDT Algernon Pharmaceuticals announces grant of U.S. patent for repirinast - Algernon Pharmaceuticals issued a patent from the United States Patent and Trademark Office, No. 11744808, for its lead chronic kidney Disease program drug NP-251, entitled "Compositions and Methods for Treating Non-Alcoholic Steatohepatitis." The invention claims treating non-alcohol fatty liver disease, including non-alcoholic steatohepatitis and NASH-derived hepatocellular carcinoma, with Repirinast. The base claims of the patent will be valid through 2039, excluding any patent term adjustments or extensions which may provide additional protection. The Company has also filed corresponding patent applications in Canada, Europe, China and Japan. The company previously disclosed that Repirinast, in a widely used STAM mouse model of NASH from SMC Laboratories: Reduced hepatic fibrosis by 57% compared to vehicle; Reduced the NAFLD score, a composite histopathological measure of inflammation, steatosis and ballooning, by 31% compared to vehicle; In the same model, telmisartan, a positive control and the standard of care for NASH, reduced fibrosis by 27%; Repirinast is the Company's lead candidate for the treatment of CKD based on data showing it reduced fibrosis by 51% with statistical significance and showed an additive benefit to telmisartan in a unilateral ureteral obstruction mouse model. Because patients with NAFLD have a two-fold increased risk of CKD, even when controlling for other comorbidities such as obesity, type 2 diabetes mellitus and insulin resistance, Repirinast is a strong candidate for both indications. Algernon's intellectual property strategy for its repurposed drug program includes protecting its compounds by filing patent applications including method of use, dosing and formulations, and for new composition of matter patents based on novel salt forms.
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TRVN | Hot Stocks07:09 EDT Trevena receives $15M tranche under its ex-US royalty-based financing - Trevena announced receipt of a $15M tranche under its non-dilutive ex-US royalty-based financing. This tranche of funding was triggered by the first commercial sale of OLINVYK in China by Jiangsu Nhwa, the Company's licensee in China. As previously announced, OLINVYK has been approved in China for use in adults for the management of acute pain severe enough to require an intravenous opioid analgesic and for whom alternative treatments are inadequate. This tranche is in addition to the $28.1M of cash and cash equivalents the Company previously reported as of June 30, 2023. As part of the R-Bridge Financing, Trevena may receive an additional $10M upon achievement of either a commercial or financing milestone. The Company also announced additional expected near-term milestones:
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SJ | Hot Stocks07:09 EDT Scienjoy announces strategic investment of $3M in DVCC TECHNOLOGY - Scienjoy announces its strategic investment of $3M to acquire a 30% equity interest in DVCC TECHNOLOGY, a Dubai-based metaverse company dedicated to transforming entertainment through innovation. This pivotal move signifies Scienjoy's commitment to metamorphosing its business transformation strategy from mobile entertainment to metaverse lifestyle, catalyzed by global expansion starting from the dynamic Middle East and North Africa region. "Our investment in DVCC underscores our dedication to pioneering innovation and shaping the metaverse landscape," said Victor He, CEO of Scienjoy, "This strategic step empowers Scienjoy's transition from mobile entertainment to metaverse lifestyle, as we leverage AI-powered technology to redefine how people experience entertainment globally. We are excited to collaborate with DVCC to bring personalized elegant metaverse lifestyle for everyone."
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GLYC | Hot Stocks07:09 EDT GlycoMimetics doses first cohort in GMI-1687 study - GlycoMimetics announced dosing of the first cohort of healthy volunteers in a Phase 1a study of GMI-1687 to evaluate safety, tolerability, and pharmacokinetics.
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TLSA | Hot Stocks07:08 EDT Tiziana Life Sciences announces publication on intranasal foralumab - Tiziana Life Sciences announced acceptance of a publication, "Nasal Administration of anti-CD3 monoclonal antibody ameliorates disease in a mouse model of Alzheimer's disease", in the preeminent1 journal, Proceedings of the National Academy of Sciences, that supports foralumab's mechanism as a potential treatment for Alzheimer's disease, a difficult-to-treat neuroinflammatory disease. This is the second publication pertaining to intranasal administration of anti-CD3 monoclonal antibody this year to be published in PNAS. This study shows that intranasal anti-CD3 ameliorates disease in a rodent model of AD by targeting microglial activation in the brain and brain gene expression independent of affecting amyloid beta deposition. These studies identify a novel approach to treat Alzheimer's disease. Howard L. Weiner, M.D., a Robert L. Kroc Professor of Neurology at the Harvard Medical School, Director and Founder of the Partners Multiple Sclerosis Center and Co-Director of the Center for Neurologic Diseases at Brigham and Women's Hospital, a founding member of Mass General Brigham Healthcare System and Chairman of Tiziana's Scientific Advisory Board, stated, "I am proud to be the senior author on this seminal publication showing that anti-CD3 mAb mitigates Alzheimer's disease in a rodent model. Remarkably, we found this benefit occurred independent of reduction of amyloid beta plaque in the brain. This finding demonstrates a unique mechanism of action that can now be tested in humans using foralumab, a fully human anti-CD3 mAb, foralumab, in which we modulate microglia by inducing T cells in the periphery that migrate to the brain. This represents a unique approach to treating Alzheimer's disease that could also potentially be employed in combination with anti-amyloid therapy. The neuromodulation of the T cell inflammatory response we observed in the brains of Alzheimer's mice is consistent with multiple sclerosis research we have conducted at the Ann Romney Center and validates our scientific rationale for testing foralumab in Alzheimer's patients after the recent IND clearance by the United States Food and Drug Administration."
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GIS | Hot Stocks07:08 EDT General Mills sees Q1 Pet segment organic net sales 'to be roughly flat' YoY - "As in human food, retail sales trends in the U.S. pet food category have been moderating recently, driven in part by less impact from pricing. With U.S. pet parents increasingly cautious about their economic outlook, some have been shifting toward more value-oriented products and channels as well as smaller pack sizes. In addition, pet parents spending more time away from home has negatively impacted the treats and wet food segments of the category. As a result of these more challenging category dynamics, the company now expects first-quarter fiscal 2024 Pet segment organic net sales to be roughly flat versus last year and segment operating profit margin to be approximately 19 percent. While Pet segment volume trends are expected to remain challenged in the months ahead amid a more difficult short-term U.S. pet food category dynamic, the company continues to see strong long-term growth opportunities for Blue Buffalo as the multi-decade trend toward humanization continues.," said the company in the release.
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VERI | Hot Stocks07:08 EDT Veritone announces multi-year partnership extension with U.S. Soccer - Veritone announced a comprehensive multi-year partnership extension with U.S. Soccer. As the governing body of soccer in the United States, U.S. Soccer includes the U.S. Women's and Men's National Teams, Youth National Teams and Extended National Teams. Through the global partnership, Veritone will continue to serve as the archive of record and a licensing partner for all U.S. Soccer owned content including all National Teams. Veritone's global licensing service utilizes its AI platform to enable marquee sporting and news rights holders worldwide to more efficiently and effectively archive and monetize their video rights.
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CEVA | Hot Stocks07:08 EDT Ceva announces its RivieraWaves Bluetooth 5.4 Platform is SIG qualified - CEVA announced that its RivieraWaves Bluetooth 5.4 Platform is SIG qualified and already licensed to several customers, including to those addressing the rapidly expanding Electronic Shelf Label market. Global technology intelligence firm ABI Research forecasts that the ESL market will grow from nearly 185 million annual shipments in 2022 to nearly 560 million units by 2027, with Bluetooth-enabled ESLs accounting for a growing portion of the overall market. Tal Shalev, Vice President and General Manager of the Wireless IoT BU at CEVA, commented: "The RivieraWaves Bluetooth 5.4 IP provides our customers with a SIG qualified platform on which to build the lowest power Bluetooth 5.4 SoCs, including those wishing to target the rapidly expanding electronic shelf label market... Yet again, we are the first IP provider to achieve Bluetooth SIG qualification for the latest standard including all optional features, ensuring our customers can get to market quickly, with less risk and lowest cost."
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AUGX | Hot Stocks07:07 EDT Augmedix expands to behavioral healthcare field - Augmedix announced the expansion of the company's medical documentation products to the behavioral healthcare field. As the need for behavioral healthcare continues to grow, Augmedix is proud to successfully serve the behavioral health field by offering ambient medical documentation and data solutions that are accurate and transparent, and which help streamline workflows for clinicians. Augmedix currently supports behavioral healthcare entities with its Augmedix Live and Augmedix Notes products, and will supplement those with its newest product, Augmedix Go, later this year.
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WNNR ZPTA | Hot Stocks07:07 EDT Zapata AI to become public through Andretti Acquisition combination - Zapata Computing and Andretti Acquisition (WNNR) announced that they have entered into a definitive business combination agreement that will result in Zapata AI becoming a U.S. publicly listed company. Upon closing of the transaction, the combined company is expected to be listed on the New York Stock Exchange under the new ticker symbol (ZPTA). Zapata AI spun out of Harvard University in 2017 with a mission to create value for enterprises with generative AI and other advanced algorithms that leverage quantum techniques. The transaction values Zapata at an implied pre-money equity value of $200M, with existing Zapata shareholders set to roll over 100% of their equity into the combined entity, or 20M shares at a price of $10.00. Andretti Acquisition Corp.'s sponsors and certain investors that own or have the right to receive founder shares will own a combined 5.8M shares, or an implied value of approximately $58M. Andretti Acquisition Corp.'s public shareholders currently hold approximately 7.9M shares, all of which are subject to redemption. The pro forma equity value of the combined company is expected to be between $281M and $365M, depending on the level of redemptions. The boards of directors of each of Zapata and Andretti Acquisition Corp. have approved the transaction. The transaction will require the approval of the stockholders of Andretti Acquisition Corp. and is subject to satisfaction or waiver of the conditions stated in the business combination agreement and other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is expected to close in the first quarter of 2024.
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SBIG | Hot Stocks07:06 EDT OTC Markets Group welcomes SpringBig to OTCQX - OTC Markets Group announced SpringBig Holdings has qualified to trade on the OTCQX Best Market. SpringBig Holdings, Inc. previously traded on NASDAQ.
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APLT | Hot Stocks07:06 EDT Applied Therapeutics completes pre-NDA for govorestat - Applied Therapeutics announced successful completion of a recent pre-New Drug Application, or NDA, meeting with the FDA regarding its govorestat, or AT-007, Galactosemia program. Based on discussions with the FDA, the Company believes they are aligned with the FDA and plans to submit an NDA for govorestat for the treatment of Galactosemia in the fourth quarter of this year.
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MRNA | Hot Stocks07:05 EDT Moderna announces clinical trial data on updated Covid-19 vaccine - Moderna announced that clinical trial data from its research assay confirm its updated COVID-19 vaccine, which is pending approval by the U.S. Food and Drug Administration for the fall 2023 vaccination season, generates an 8.7-fold increase in neutralizing antibodies in humans against BA.2.86, a variant under monitoring. The Centers for Disease Control (CDC) indicates that the highly mutated BA.2.86 variant may be more capable of causing infection in people who previously had COVID-19 or were vaccinated with previous vaccines, noting that updated COVID-19 vaccines may be effective in reducing severe disease and hospitalization. Public health authorities are vigilantly monitoring the BA.2.86 variant, a highly-mutated strain of COVID-19 with over 30 mutations as compared to prior Omicron strains, with some governments accelerating COVID-19 vaccination campaigns due to its potential to break through protective immunity generated from previous COVID-19 vaccination or infection. The emergence of BA.2.86, in addition to the growing prevalence of the EG.5 and FL1.5.1 variants, underscores the need for vaccination with an updated COVID-19 vaccine, which can help reduce severe disease and hospitalizations caused by current circulating strains. Moderna's clinical trial data around its updated COVID-19 vaccine's effectiveness against BA.2.86 have been shared with regulators and submitted for peer review publication.
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IE | Hot Stocks07:04 EDT Ivanhoe Electric reports results from IA for its Santa Cruz Copper Project - Ivanhoe Electric provided the results from the Initial Assessment, or IA, for its Santa Cruz Copper Project, located west of Casa Grande, Arizona. The IA is a preliminary technical and economic study for the Santa Cruz Copper Project and associated high-grade mineral resources included in the Santa Cruz and East Ridge deposits. The study analyzes the potential for a high-grade underground copper mining operation supported by modern technologies to reduce environmental impact and powered predominantly by renewable energy. Highlights of the Initial Assessment include: Santa Cruz IA outlines a potential 5.9M tonnes per year underground mining operation, supported by 105.2M tonnes of modeled mill feed with an average grade of 1.58% copper from the Santa Cruz and East Ridge Deposits, resulting in an estimated 20-year mine life. The IA focuses exclusively on the high-grade exotic, oxide and enriched domains of the Santa Cruz and East Ridge Deposits. The oxide and enriched domains of the Texaco Deposit are not included in the current study. Future studies could evaluate the potential addition of the large primary sulfide domains at Santa Cruz and at the Texaco Deposit subject to market conditions. Copper recoveries of 95.4% are expected to be achieved through a combination of solvent extraction and electrowinning and conventional froth flotation. The IA includes LOM production for the Project of 1.0M tonnes of copper in the form of 99.99% pure copper cathode and 600,000 tonnes of copper contained in a 48% copper concentrate with very low deleterious elements, such as arsenic or lead. LOM average C1 cash costs are expected to be $1.36 per payable pound of copper, with C3 total costs expected to average $2.84 per payable pound of copper. The IA contemplates initial project capital expenditures of $1.15B, and LOM sustaining capital expenditures totaling $980M. A three-year construction period is envisioned to develop the underground workings and build the surface processing facilities. The IA estimates that the Project has a pre-tax net present value of $1.6B at an 8% discount rate and a pre-tax internal rate of return of 25.1%, using a flat LOM copper price assumption of $3.80 per pound. After-tax NPV is estimated at $1.3B with an after-tax IRR of 23.0%, using the same discount rate and copper price assumptions.
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NXGN | Hot Stocks07:03 EDT NextGen Healthcare to be acquired by Thoma Bravo for $23.95 per share in cash - NextGen Healthcare announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a software investment firm. Upon completion of the transaction, NextGen Healthcare will become a privately held company. Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The per share purchase price represents a 46.4% premium to the company's unaffected closing stock price on August 22 and a 39.2% premium to the 30-day volume-weighted average price for the period ending September 1. The transaction, which was approved unanimously by the NextGen Healthcare board of directors, is expected to close in the fourth calendar quarter of 2023, subject to customary closing conditions, including approval by NextGen Healthcare shareholders and the receipt of required regulatory approvals. The transaction is not subject to a financing condition. Upon completion of the transaction, NextGen Healthcare's common stock will no longer be listed on any public stock exchange.
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EGLX NFLX | Hot Stocks07:02 EDT Enthusiast Gaming, Netflix, Metavision collaborate to bring manga to Fornite - Enthusiast Gaming and Metavision have collaborated with Netflix (NFLX) to launch its Fortnite Creative experience for the manga series in history: ONE PIECE, in celebration of the new live-action version streaming globally on Netflix beginning August 31. "This collaboration with Netflix is an exciting example of how Enthusiast Gaming is creating unique and immersive experiences for brands that are scalable across digital entertainment and gaming platforms," said Amanda Rubin, EVP, Brand Solutions at Enthusiast Gaming. "NFL Tuesday Night Gaming continues to offer a distinct opportunity to engage diverse communities through shared passions of gaming, sports, and entertainment."
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JBSS THS | Hot Stocks07:02 EDT John B. Sanfilippo & Son tp acquire assets from TreeHouse for $63M - John B. Sanfilippo & Son has signed a definitive agreement to acquire certain assets, including a manufacturing facility located in Lakeville, Minnesota, and customer relationships, from Treehouse Foods, Inc. relating to its snack bars business unit for approximately $63.0 million dollars in cash, subject to certain adjustments. The acquisition of this bars business unit is anticipated to add approximately $105 to $120 million in incremental net sales during the remainder of our 2024 fiscal year. The transaction is expected to be dilutive to earnings per share for the next twelve to fifteen months after the closing of the acquisition. The expected dilution for the remainder of our 2024 fiscal year is currently forecasted to range between $0.80 to $1.00 per diluted share based on current operating performance, taking into account incremental acquisition-related costs including interest expense. This range does not include the benefit of, among other things, anticipated synergies, operational efficiencies or other accounting gains (if at all) within this timeframe. The purchase price for the acquisition will be funded from excess availability under our current bank credit facility. The acquisition is expected to close within the next 30 days, subject to customary closing conditions.
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ACM | Hot Stocks07:01 EDT Aecom selected as lead designer for WSDOT project - AECOMwill serve as Lead Designer for the Washington State Department of Transportation's I-405/Brickyard to SR 527 Improvement Project, which will be led by Skanska. As part of an integrated design-build team, AECOM will work in partnership with the contractor, Skanska, to deliver this vital project.
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THS JBSS | Hot Stocks07:00 EDT TreeHouse to sell facility, snack bars business to John B. Sanfilippo & Son - TreeHouse (THS) announced that it entered into a definitive agreement to sell its Lakeville, Minnesota manufacturing facility and snack bars business to John B. Sanfilippo & Son (JBSS) for approximately $63M in cash. The Lakeville manufacturing facility has been part of the TreeHouse Foods network since its acquisition of the Private Brands business in 2016. The facility produces a range of private label snack bar products including fruit and grain, chewy, crunchy and protein bars. The snack bars business was not expected to contribute positive adjusted EBITDA in fiscal year FY23. The transaction is subject to customary closing conditions and is expected to close within 30 days. Following close, the existing private label snack bars business, customer relationships, and Lakeville-based employees will transition to John B. Sanfilippo & Son, Inc. Both companies are committed to a smooth transition for employees, customers and consumers.
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SCM | Hot Stocks06:57 EDT Stellus Capital provides unitranche financing in support of BV investment - Stellus Capital Management affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners' growth-oriented investment in The Hardenbergh Group, a leading provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide.
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KGEIF | Hot Stocks06:55 EDT Kolibri Global Energy provides operations update - Kolibri Global Energy provides an operations update for its Tishomingo field in Oklahoma. The Barnes 7-4H and 7-5H wells were successfully drilled and cased in the Lower Caney formation safely and under budget. The drilling rig is currently moving over to the Emery pad for the drilling of the next two Lower Caney wells and a T-zone well. The first of these next three wells, the Emery 17-3H, is expected to begin drilling within the week. The Barnes 7-4H and 7-5H are scheduled to begin completion operations within the next two weeks once the drilling rig has moved out and all the equipment for the fracture stimulations has moved in and is rigged up. Wolf Regener, President and CEO, commented, "We are excited to begin completion operations on the Barnes 7-4H and Barnes 7-5H wells, and to move the same drilling rig over to drill the next three-well pad immediately. We are looking forward to the additional production that we expect from all these wells." The Company is pleased to report that the Barnes 8-3H well, which is our first T-zone well utilizing our latest completion technique and has been on production for just over 2 1/2 months, is currently producing in line with management's forecasted production. The production from our earlier T-zone wells had declined much harder at this stage. Achieving commercial rates from the T-zone could add many additional well locations and reserves that are not currently reflected in our reserve estimates. The T-zone formation is present over our entire acreage block and is thus potentially very significant to the Company. The current production from the Barnes 8-2H well in the Lower Caney is within management's forecasted production band range. The Barnes 8-1H well, which is in the Upper Caney, is producing just below management's expected forecasted production band range. As we previously disclosed, while the Barnes 8-1H is still economic, the Company plans to place our future Caney wells in the Lower Caney formation. The gathering system operator for the field has had issues for much of August, which resulted in the Company's production being restricted from the entire field. The issues are being resolved and the production is rebounding.
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ASCUF | Hot Stocks06:54 EDT Arizona Sonoran Copper provides update on company activities - Arizona Sonoran Copper Company updates on exploration and development activities at the Cactus Mine Project, inclusive of the Parks/Salyer deposit. All activities are focused on de-risking its high-quality asset in a tier one location, in preparation for the pending step-up Pre-Feasibility Study expected in Q1 2024. Furthermore, the owner-operator team continues to strengthen with the appointment of Mr. Steve Dixon, M.Sc.; Chief Metallurgist. He will be managing the metallurgical programs in preparation for the base case PFS and Definitive Feasibility Study. Highlights include: On track and on budget to deliver a PFS in Q1 2024; Targeting step up from the Preliminary Economic Assessment's 28ktpa to 45-50ktpa and to a mine life well-beyond the 18 years previously outlined; PFS scope includes the enriched and oxide material, or approximately 75% of the total mineral resources; Building owner-operator team; Bernie Loyer, SVP Projects and Christopher White, Chief Mine Geologist; Steve Dixon, Chief Metallurgist; Anticipating high conversion of the 2.9B lb @ 1.015% TCu Parks/Salyer mineral resource estimate into the indicated category from the inferred category; Infill to indicated category drilling complete; Infill to measured category drilling is ongoing for a DFS expected in H2 2024; 2 years of positive metallurgical results now in hand for oxides and enriched material; Parks/Salyer enriched material shows comparable recovery rates to Cactus with potentially shorter leach periods; 90% recovery rates for oxides in the Cactus deposits and the Stockpile Project; DFS level metallurgical studies ongoing; Completed all major Cactus permits based on the 2021 PEA; Amendments will be made to accommodate the larger operation, post-PFS; Increased land to 5,368 acres by optioning the MainSpring Property, extending south from Parks/Salyer; Improves planning flexibility for the pending PFS; Creates additional exploration target; Nuton testwork continues to deliver positive results, providing optionality to scale the asset beyond the oxide and enriched base case; 61-82% estimated extraction rates of the primary sulphide material after 75-150 days of leaching
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SEED | Hot Stocks06:52 EDT Origin Agritech finalizes agreement to sell former office space - Origin Agritech announced the completion of an agreement with Beijing Changping Technology Innodevelop Group, or BC-TID. This strategic agreement converts approximately $19M in debt into equity in a joint venture. Importantly, this transaction neither involves any aspects of our seed business and technology nor results in the issuance of any new shares of Origin Agritech. The primary focus of this agreement is the sale of Origin's former office space in Beijing to the joint venture. No biotechnology IP or research is included in this transaction. All intellectual property and research assets, including seed business, biotech traits, nutrition enhanced corn, and supply chain business-related technology and revenues, remain with Origin.
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RH | Hot Stocks06:51 EDT RH announces proposal to restore One Ocean Drive - RH announced its intention to restore One Ocean Drive, Miami Beach, submitting an RFP and formally entering the bidding process for a long-term lease of this iconic public property. RH Chairman & CEO Gary Friedman outlined the Company's vision for this historic property in a letter promoting "A dramatic reimagination and restoration of the site to its historic origins as a public park, with two beautifully landscaped beach promenades providing direct public beach access and opening up significant view corridors from Ocean Drive." And added, "We expect to make a total capital investment in the range of $150M-$170M, inclusive of an estimated $50M in public benefits. The Company is seeking a 30-year lease term with a starting base rent of $7M, increasing a minimum of 3% annually, resulting in an average base rent of $11M, or $333M over the term of the lease. The estimated $50M in capital investments toward public benefits reflects RH's commitment to both the local community and to Miami Beach visitors from around the world. Additional public benefits include our offer of a $5M upfront payment to the City to cover lost rent and taxes during the two-year construction period, plus a $1M cultural contribution to the community, to be directed by the City. Additionally, the City of Miami Beach can expect an incremental $3.3M per year on average, or a total of approximately $100M in ad valorem, hotel occupancy, plus food and beverage taxes over the term of the lease. Total public benefits from lease payments and taxes are estimated to be $465M over the life of the lease. Of which, $430M directly benefiting the City of Miami Beach and $35M going towards other governmental jurisdictions that impact the lives of City of Miami Beach residents including, Miami-Dade County and the Miami-Dade County Public School District."
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RPD | Hot Stocks06:51 EDT Rapid7 announces upsized pricing of $260M senior notes offering - Rapid7 announced the pricing of $260.0 million aggregate principal amount of 1.25% convertible senior notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The aggregate principal amount of the offering was increased from the previously announced offering size of $250.0 million. Rapid7 also granted the initial purchasers of the notes an option to purchase up to an additional $40.0 million aggregate principal amount of notes. The sale of the notes is expected to close on September 8, 2023, subject to customary closing conditions. The notes will be general unsecured obligations of Rapid7 and will accrue interest payable semiannually in arrears on March 15 and September 15 of each year, beginning on March 15, 2024, at a rate of 1.25% per year. The notes will mature on March 15, 2029, unless earlier converted, redeemed or repurchased. The initial conversion rate will be 15.4213 shares of Rapid7's common stock per $1,000 principal amount of notes. The initial conversion price of the notes represents a premium of approximately 32.50% over the last reported sale price of Rapid7's common stock on September 5, 2023. The notes will be convertible into cash, shares of Rapid7's common stock or a combination of cash and shares of Rapid7's common stock, at Rapid7's election
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AZMTF | Hot Stocks06:50 EDT Azimut Exploration, SOQUEM uncover spodumene-bearing pegmatite boulder field - Azimut Exploration reports that a spodumene-bearing pegmatite boulder field containing at least 12 mineralized boulders has been identified on the Galinee Property in the Eeyou Istchee James Bay region of Quebec. These encouraging preliminary field results obtained by Azimut and its partner SOQUEM confirm the strong prospectivity of the Property and support the upcoming maiden drilling program targeting the area immediately south of the Adina lithium discovery. The minimum 1,600-metre core drilling program will be initiated shortly. In addition to Galinee, substantial concurrent exploration programs are already underway or will soon commence following a lengthy period of access restrictions related to widespread forest fires. This includes work on projects for gold and copper-gold and lithium. HIGHLIGHTS: The boulder field in the northern part of the Property is characterized by the following features: At least 12 spodumene-bearing pegmatite boulders in a 650- by 350-metre area, not fully delineated at this stage. The area has extensive glacial sediment cover and only one outcrop. The dominant glacial direction is NE to SW. Most boulders are angular to sub-angular, generally indicative of short transport distances from the bedrock source. It is possible that some of the spodumene-bearing boulders originated from the non-outcropping target area where the bedrock will be drill-tested by the upcoming drilling program. Boulder sizes range from 0.5 x 0.5 metre to 1.5 x 1.5 metre, with spodumene constituting 5% to 20% of the pegmatite. Spodumene crystals range from a few centimetres to 20-25 centimetres long, with whitish and grey to pink colours. A portable LIBS analyzer was used to confirm the presence of lithium. Other associated minerals are quartz, potassium feldspar, white mica, apatite and tourmaline.These preliminary findings underscore the strong discovery potential for spodumene-bearing pegmatites on Galinee in the immediate vicinity of mineralized bodies on the adjacent Adina project belonging to Winsome Resources. Drilling on Adina has traced two east-west subparallel spodumene-bearing pegmatite zones, including the Main Zone over a strike length of 1,000 metres. Public data suggests both zones have shallow dips toward Galinee. At Galinee, the aim of the drilling program is two-fold: 1) intersect the down-dip extensions of Winsome's zones, and 2) investigate the strong potential for additional subparallel spodumene-bearing pegmatites starting at shallow depth on Galinee, immediately south of but geometrically above Adina's Main Zone. On a larger scale, the Galinee Property displays well-defined targets, including a 20-kilometre-long lithium-cesium-gallium-tin anomaly in lake sediments in the northwestern part of the Property. Outcrops in this area are rare, but its strong geochemical footprint underscores significant exploration potential roughly coincident with a NE-SW-trending sheared greenstone belt. To date, 107 grab rock samples have been collected from target areas on the Property and assay results are pending.
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CMI... | Hot Stocks06:47 EDT Accelera, Daimler Truck, Paccar form JV for battery cell production - Accelera by Cummins (CMI), Daimler Trucks & Buses US Holding (DTRUY) and PACCAR (PCAR) are partnering to accelerate and localize battery cell production and the battery supply chain in the United States. The planned joint venture will manufacture battery cells for electric commercial vehicles and industrial applications, creating highly desirable U.S. manufacturing jobs in the growing clean technology sector. Total investment is expected to be in the range of $2-3 billion for the 21-gigawatt hour factory. Accelera by Cummins, Daimler Truck and PACCAR will each own 30% of, and jointly control, the joint venture, which will initially focus on the lithium-iron-phosphate battery technology family for commercial battery-electric trucks. The LFP battery cells produced by the joint venture will be able to offer several advantages compared to other battery chemistries, including lower cost, longer life, and enhanced safety, without the need for nickel and cobalt raw materials. Accelera by Cummins, Daimler Truck and PACCAR expect to see growing demand for battery technology throughout this decade and U.S. customers will benefit from a state-of-the-art dedicated battery cell factory. EVE Energy will serve as the technology partner in the joint venture with 10% ownership and will contribute its industry-leading battery cell design and manufacturing know-how. EVE Energy is a global leader in the manufacture of LFP battery cells for the vehicle industry and is publicly traded on the Shenzhen stock exchange. This strategic joint venture enables its owners to create the necessary scale for access to cost effective and differentiated battery cell technology, ultimately creating value for commercial vehicle customers in North America. The transaction is subject to customary closing conditions, and receipt of applicable merger control and regulatory approvals including the submission of a voluntary notice to the Committee on Foreign Investment in the United States
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MRRDF | Hot Stocks06:46 EDT Meridian Mining UK Societas appoints Gilbert Clark as CEO - Meridian Mining UK S announced the leadership updates including Gilbert Clark agreeing to take on the CEO role, and Susanne Sesselmann has accepted the Interim Chair role. As such, the Company has made the following Executive and Board changes: Gilbert Clark, a non-independent director of the Company, has been appointed as the Company's new CEO; Adrian McArthur, a non-independent director of the Company, has been re-appointed as President to continue the leadership of the Company's day-to-day operations and implementation of the Company's business; Martin McFarlane, is now Senior Vice President Strategy and Projects ; and Susanne Sesselmann, an independent director of the Company, has agreed to act as Interim Independent Chair of the Board following unanimous Board support.
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MKTX | Hot Stocks06:43 EDT MarketAxess reports August total ADV up 2.3% to $10.4B - MarketAxess Holdings announced monthly trading volume and preliminary variable transaction fees per million, or FPM, for August. Highlights include: Total credit average daily volume, or ADV, of $10.4B, up 2.3%; U.S. high-grade ADV of $5.0B, up 2.1% with estimated market share of 20.6%. U.S. high-grade estimated market ADV increased 2.6%; U.S. high-yield ADV of $1.2B, down 18.6% with estimated market share of 15.9%; U.S. high-yield estimated market ADV decreased 7.5%, driven principally by low levels of credit spread volatility, resulting in a decrease in ETF market maker activity on the platform; 6.0% increase in emerging markets ADV to $2.5B driven by a 31.3% increase in local markets trading volume, partially offset by a 6.1% decline in hard currency trading volume; 3.2% decrease in emerging markets estimated market ADV; 19.7% increase in Eurobonds ADV to $1.3B with estimated market share of 15.4%. Eurobonds estimated market ADV increased 38.0%; Municipal bond ADV of $388M, up 17.9% with estimated market share of 5.8%. Municipal bond estimated market ADV increased 2.5%; $10.1B in total portfolio trading volume, up from $7.1B in July and $4.7B in August 2022; 34% Open Trading share4 of total credit trading volume, down from 37% in the prior year on lower volatility. Estimated price improvement via Open Trading was approximately $40M and is $493M year-to-date through August 2023 on lower volatility.
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LLAP | Hot Stocks06:39 EDT Terran Orbital announces new lineup of seven standard satellite bus platforms - Terran Orbital announced a new lineup of seven standard satellite bus platforms. These standards are built upon Terran Orbital's manufacturing capabilities, featuring components and modules that can be readily swapped out to accommodate different bus sizes and configurations. The seven bus platforms span the nano, micro, mini, and small classes. This new lineup of satellite configurations is derived from Terran Orbital's long history of nano satellites innovation and its micro satellite bus designed and built for the U.S. Space Development Agency's recently launched Tranche 0 Transport Layer mission and the coming Tranche 1 mission.
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CMI PCAR | Hot Stocks06:38 EDT Cummins, Paccar and Daimler form joint venture - Accelera by Cummins, the zero-emissions business unit of Cummins, (CMI), Daimler Trucks & Buses US Holding, a Daimler Truck Group Company, and PACCAR (PCAR) are partnering to accelerate and localize battery cell production and the battery supply chain in the U.S. The planned joint venture will manufacture battery cells for electric commercial vehicles and industrial applications, creating highly desirable U.S. manufacturing jobs in the growing clean technology sector. Total investment is expected to be in the range of $2B-$3B for the 21-gigawatt hour factory. Accelera by Cummins, Daimler Truck and PACCAR will each own 30% of, and jointly control, the joint venture, which will initially focus on the lithium-iron-phosphate battery technology family for commercial battery-electric trucks. The LFP battery cells produced by the joint venture will be able to offer several advantages compared to other battery chemistries, including lower cost, longer life, and enhanced safety, without the need for nickel and cobalt raw materials. The transaction is subject to customary closing conditions, and receipt of applicable merger control / regulatory approvals including the submission of a voluntary notice to the Committee on Foreign Investment in the United States.
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LEU | Hot Stocks06:36 EDT Centrus Energy expects to begin HALEU production in October - Centrus Energy announced that it expects to begin production of High-Assay Low-Enriched Uranium, or HALEU, in October, approximately two months ahead of schedule, at the American Centrifuge Plant in Piketon, Ohio. Under a competitively-awarded, cost-share contract signed with the U.S. Department of Energy in 2022, Centrus is required to begin production of HALEU by the end of this year. In June, Centrus announced it had successfully completed its operational readiness reviews with the U.S. Nuclear Regulatory Commission, or NRC, and received NRC approval to possess uranium at the Piketon, Ohio site - the last major regulatory hurdle prior to beginning production. Centrus is now conducting final system tests and other preparations so that production can begin in October.
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EXPR | Hot Stocks06:35 EDT Express reiterates goal for $200M in annualized savings by 2025 - The Company is continuing to conduct a comprehensive review of its business model to identify actions that are expected to meaningfully reduce pre-tax costs and enable a more efficient and effective organization and has engaged external advisors to assist in this effort. The Company has a stated goal to deliver over $200 million in annualized savings by 2025 versus 2022. In May 2023, the Company announced it had identified and implemented $65 million of annualized cost reductions for fiscal 2023 versus fiscal 2022. In August 2023, the Company announced an additional $15 million of savings for a total of $80 million in annualized cost reductions identified and implemented for fiscal 2023. Also in August 2023, the company announced and implemented a workforce reduction which is expected to generate approximately $30 million in annualized savings. The Company's outlook for the third quarter and full year 2023 includes the pro rata impact of that workforce reduction. In addition, the Company announced that $120 million in annualized expense reductions for fiscal 2024 versus 2022 had been identified and implemented, which are inclusive of the savings effectuated for fiscal 2023. The Company is also aggressively pursuing at least $50 million in gross margin expansion opportunities by leveraging efficiencies in sourcing, production and the supply chain.
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CMI... | Hot Stocks06:35 EDT Cummins, Daimler Truck and Paccar partner to localize battery cell production - Accelera by Cummins, the zero-emissions business unit of Cummins (CMI), Daimler Trucks & Buses, a Daimler Truck (DTRUY) company and Paccar (PCAR) are partnering to accelerate and localize battery cell production and the battery supply chain in the United States. The planned joint venture will manufacture battery cells for electric commercial vehicles and industrial applications, creating highly desirable U.S. manufacturing jobs in the growing clean technology sector. Total investment is expected to be in the range of $2B-$3B for the 21-gigawatt hour, or GWh, factory. Accelera by Cummins, Daimler Truck and Paccar will each own 30% of, and jointly control, the joint venture, which will initially focus on the lithium-iron-phosphate, or LFP, battery technology family for commercial battery-electric trucks. The LFP battery cells produced by the joint venture will be able to offer several advantages compared to other battery chemistries, including lower cost, longer life, and enhanced safety, without the need for nickel and cobalt raw materials. Accelera by Cummins, Daimler Truck and Paccar expect to see growing demand for battery technology throughout this decade and U.S. customers will benefit from a dedicated battery cell factory. EVE Energy will serve as the technology partner in the joint venture with 10% ownership and will contribute its battery cell design and manufacturing know-how. EVE Energy is a global leader in the manufacture of LFP battery cells for the vehicle industry and is publicly traded on the Shenzhen stock exchange. The transaction is subject to customary closing conditions, and receipt of applicable merger control / regulatory approvals including the submission of a voluntary notice to the Committee on Foreign Investment in the United States.
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NXU | Hot Stocks06:34 EDT Nxu appoints Jessica Murphy as Controller - Nxu welcomed Jessica Murphy, who joins the Company as Controller. Murphy's deep experience in financial reporting and public company accounting in both rapid-growth startup settings and newly public company settings will bring valuable expertise in financial controls and operational expenditures. As Controller, Murphy, whose experience includes Leslie's, Carvana Co. and KPMG, will be responsible for external reporting, accounting policies and practices and managing operational accounting at Nxu.
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SNDR CCL | Hot Stocks06:33 EDT Schneider National appoints Darrell Campbell as CFO - Schneider National (SNDR) announced Darrell Campbell will join the company on September 30, as Executive Vice President and CFO. He will be responsible for the company's financial strategies, planning and reporting - as well as all finance operations and investor relations. Campbell will succeed Steve Bruffett, who announced his retirement earlier this year. Bruffett will remain with the company until the end of the year to ensure a smooth transition. Before working at JM Family Enterprises, Campbell served as CFO of Carnival Cruise Line of the Carnival Corporation & PLC (CCL) leading all finance functions, as well as sourcing, supply chain and risk management. Campbell also served as Corporate Treasurer of Carnival Corporation, managing global treasury and tax functions. Prior to Carnival, Campbell gained experience working with publicly traded Fortune 500 companies while working as a partner for PricewaterhouseCoopers where he led financial statement and internal control audits across multiple industries.
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AZN | Hot Stocks06:29 EDT AstraZeneca says FDA issued a complete response letter for Ultomiris sBLA - The U.S. Food and Drug Administration has issued a complete response letter, or CRL, regarding the supplemental Biologics License Application, or sBLA, for long-acting C5 complement inhibitor Ultomiris for the treatment of adult patients with neuromyelitis optica spectrum disorder, or NMOSD, who are anti-aquaporin-4 antibody positive, AstraZeneca announced. "The CRL did not request additional analysis or reanalysis of the Phase III CHAMPION-NMOSD trial data included in the sBLA submission and did not raise concerns about the efficacy or safety data from the trial. The FDA requested modifications to enhance the Ultomiris Risk Evaluation and Mitigation Strategy to further validate patients' meningococcal vaccination status or prophylactic administration of antibiotics prior to treatment. Alexion, AstraZeneca Rare Disease is working closely with the FDA regarding next steps for the REMS modifications and remains committed to bringing Ultomiris to people living with NMOSD in the US as quickly as possible. Ultomiris is currently approved for the treatment of certain adults with NMOSD in the European Union, Japan and other countries. Ultomiris is approved by the FDA for the treatment of adult patients with generalised myasthenia gravis who are anti-acetylcholine receptor Ab+, and certain adults and children with paroxysmal nocturnal haemoglobinuria or atypical haemolytic uraemic syndrome," the company stated.
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LGDTF | Hot Stocks06:26 EDT Liberty Gold submits pre-plan of operations for Black Pine Oxide Gold Project - Liberty Gold announced a significant milestone in the development of its Black Pine Project, located in Cassia and Oneida counties, Idaho. Pilot Gold, a wholly owned subsidiary of Liberty Gold Corp., has prepared and submitted the mining Pre-Plan of Operations for the Black Pine Oxide Gold Project, a critical step in the advancement of the project into the Federal and State permitting process and onwards, towards production. The Black Pine deposit is situated approximately 5 miles south of Juniper, Idaho, within the United States Forest Service Sawtooth National Forest and on adjacent lands administered by the U.S. Bureau of Land Management from the Pocatello Field Office. The project encompasses a largely contiguous block of 622 unpatented federal lode claims, state minerals, and private properties hosting a multi-million ounce oxide gold mineral resource. Liberty Gold has been exploring the project since acquisition in 2016 and recently completed the major milestone of one thousand exploration holes drilled by the Company on the property. The submission of the mining Pre-Plan of Operations for the Black Pine Project to the USFS, BLM and Idaho Governor's Office of Energy and Mineral Resources, is a further critical step in advancing the project. The conceptual project entails re-starting conventional open pit mining in pre-existing historical pits, expanding these pits, and developing new open pits in previously unmined areas. The extracted oxide gold mineralization would be processed using the well-established run-of-mine heap leaching method, with gold produced as dore bars on site. The Company is committed to maintaining the highest environmental standards and employing established metallurgical processes that have been used successfully at the Black Pine site and at many other mine sites. Liberty Gold is pleased to announce the selection of M3 Engineering as the Lead Engineer for the Black Pine Oxide Gold Project. The Company will continue to prioritize environmental studies, community engagement, and sustainable resource management as it progresses toward the formal submission of the Mine Plan of Operations expected in second half of 2024.
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PRMNF | Hot Stocks06:23 EDT Prime Mining releases drill results from targets at Los Reyes - Prime Mining is reporting drill results from its ongoing 60,000 metre drill program, of which about one half is focused on regional exploration at Los Reyes. Today's results are from the Las Primas and Fresnillo generative targets at the Company's Los Reyes Project, located in Sinaloa State, Mexico. Newly discovered Las Primas mineralization outside of the previously reported 2023 Mineral Resource Estimate contains high-grades and significant thicknesses in areas located between the Central and Guadalupe Zones. The precious metals mineralization is in high-grade plunging shoots, similar to Guadalupe, Tahonitas and Nocha Buena areas, that contain a multiple gram per tonne gold equivalent center with an outer, lower-grade halo. At Las Primas, mapping and 2023 drilling has confirmed continuity of at least two mineralized structural corridors that remain open in all directions. Fresnillo is a highly prospective earlier stage target, where drilling intercepted thick mineralized structures, between the Z-T and Central Zones. Follow-up drilling is planned to continue. Surface mapping and modelling of these structures is ongoing. Generative Target Highlights: Las Primas Area: The Company is reporting 12 core holes at the Las Primas target. Las Primas is located in the southeast of the Project area between the Central and Guadalupe Zones. Highlights are listed below: 12.34 gpt AuEq over 2.5 metres estimated true width in hole 23LP-14, including: 17.50 gpt AuEq over 1.7 m etw. 1.73 gpt AuEq over 9.6 m etw in hole 23LP-06, including: 4.94 gpt AuEq over 3.0 m etw. 1.20 gpt AuEq over 14.6 m etw in hole 23LP-07, starting just below surface. Fresnillo Area: The Company is reporting 11 core holes at the Fresnillo target, located between the south ends of the Z-T and Central Zones. Highlights are listed below: 0.74 gpt AuEq over 23.8 m etw, and 0.48 gpt AuEq over 20.8 m in hole 23FRE-12. 1.65 gpt AuEq over 10.9 m etw in hole 23FRE-19, including: 12.30 gpt AuEq over 0.85 m etw. 1.39 gpt AuEq over 7.5 m etw in hole 23FRE-20.
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HHRS | Hot Stocks06:20 EDT Hammerhead Energy increases annual average production guidance to 41,500 boe/d - Based upon continued strong execution in the field with respect to both costs and performance, Hammerhead Energy announced increased 2023 annual average production guidance of 41,500 boe/d from the previous estimate of 40,200 boe/d. Crude oil production is estimated to be 35% of production from a prior estimate of 33%. Since coming on production August 6th, performance to date on the 12-well North Karr 10-14 pad has thus far materially exceeded the Company's internal forecast, with peak pad production exceeding 17,800 boe/d. As a result, field estimates of Hammerhead's corporate production volumes for the month of August averaged 48,500 boe/d, while also having additional production "behind pipe" due to North Karr total production capability exceeding infrastructure capacity. Based on the current commodity price strip, the 12-well pad at North Karr 10-14 is currently on track to achieve payout in three months or less based on average DCET well costs of only $7.9M per well. On the whole, corporate well performance has exceeded type curves at the same time that capital costs have come in lower than forecast. Due to these savings, Hammerhead is reducing its capital expenditures guidance in 2023 to $500M from $525M. Updated 2023 production guidance continues to assume that the new South Karr 5-11 nine-well pad does not commence production until January 2024, although drilling operations have been completed ahead of planned timing while expansion of infrastructure at South Karr is still expected to be completed before the end of 2024. Total 2023 cash costs per boe are also tracking previous guidance. Finally, we now note that based on the current commodity price strip, Hammerhead expects to enter into a "free funds flow" status earlier than previously anticipated, in October 2023. As previously communicated, Hammerhead expects to introduce a formal return of capital strategy beginning in 2024, subject to approval by Hammerhead's Board of Directors. Scott Sobie, President and CEO of Hammerhead notes, "Our business is improving dramatically with accelerated momentum due to capital efficiencies and production results being better than expected. Our transition to meaningful free cash flow in 2024, as well as a return of capital strategy, is an exciting pivot for our firm. The implications of our South Karr asset coming on line could verify our expectations of increased production results that have the potential to be the strongest among our whole asset base, and in addition, will provide several new Lower Montney tests."
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NVTS | Hot Stocks06:17 EDT Navitas Semiconductor launches GaNSafe platform - Navitas Semiconductor announced the world-wide launch of GaNSafe, a new, high-performance wide bandgap power platform at a special customer, partner and press event. Navitas has optimized its 4th-generation gallium nitride technology for demanding, high-power applications in data centers, solar / energy storage and EV markets, where efficiency, power density and robust & reliable operation are critical. Navitas' GaNFast power ICs integrate gallium nitride power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings, with over 100,000,000 units shipped, and an industry-first 20-year warranty. Now, the new GaNSafe platform has been engineered with additional, application-specific protection features, functions and new, high-power packaging to deliver enabling performance under grueling high-temperature, long-duration conditions.
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ROKU | Hot Stocks06:14 EDT Roku reports workforce reduction, measures to bring down y/y operating expenses - Roku said in a regulatory filing that in light of its continuing evaluation of its operations, on September 5, 2023, the company determined to implement additional measures to continue to bring down its year-over-year operating expense growth rate by consolidating its office space utilization, performing a strategic review of its content portfolio, reducing outside services expenses, and slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures. The workforce reduction is expected to impact approximately 10% of the company's employees. The company expects to record a restructuring charge related to the workforce reduction, primarily consisting of severance and benefits costs, in a preliminary estimated range of $45M-$65M. The company expects that the majority of the restructuring charge will be incurred in the third quarter of fiscal 2023. The company further anticipates that the implementation of the workforce reduction, including cash payments, will be substantially complete by the end of the fourth quarter of fiscal 2023.
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ROKU | Hot Stocks06:13 EDT Roku to implement measures to bring down y/y operating expense growth rate
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ROKU | Hot Stocks06:13 EDT Roku: Workforce reduction to impact 10% of company's employees
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BVXV | Hot Stocks06:12 EDT BiondVax changes name to Scinai Immunotherapeutics - BiondVax Pharmaceuticals announced a change of its corporate name to Scinai Immunotherapeutics. In the past two years, the Company has substantially revamped its senior management team and pharmaceuticals development programs and recently announced its expansion into the CDMO business under the banner Scinai Bioservices. The new corporate name, which was approved by the Israeli authorities on August 31, is the Companys latest step to better reflect its fresh start and new direction. Scinai and its new symbol, "SCNI", will debut on Nasdaq tomorrow. The CUSIP of the Company's ADSs will remain 09073Q204 after the Nasdaq symbol change to SCNI.
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CTRE | Hot Stocks06:11 EDT CareTrust REIT completes joint venture to acquire La Fuente Post Acute - CareTrust REIT announced that it has completed a joint venture investment to acquire La Fuente Post Acute, a 187-bed skilled nursing facility located in Vista, California. Once regulatory approval is obtained, the facility will be operated by Bayshire Senior Communities, a tenant of CareTrust, pursuant to a new 15-year lease with the joint venture landlord. To acquire the facility, CareTrust and a third-party regional healthcare real estate investor entered into a joint venture. CareTrust's combined common equity and preferred equity investments in the joint venture total $25.5M. CareTrust's initial contractual yield on its combined preferred and common equity investments in the joint venture is approximately 9.7%. The lease provides for 3% fixed annual rent escalators and two, 5-year extension options. CareTrust is the managing member of the joint venture entity. The investments were funded using cash on hand.
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FREY | Hot Stocks06:10 EDT Freyr Battery provides update on progress at Customer Qualification Plant - FREYR Battery provided an update on the company's continued operational progress at the Customer Qualification Plant, or CQP, in Mo i Rana, Norway. With the initial cell testing program for Nidec underway and following the assembly and successful charging of unit cells in late June, FREYR has begun evaluation of the initial cells' electrochemical properties as well as key operational performance characteristics of the CQP. The testing program will support customer acceptance and technology validation ahead of anticipated shipments of fully automated sample cell production for Nidec during 4Q. To date, more than 67% of the unit cells produced are in cycling tests showing an increasing ability to convert the upstream slurry mixing into working cells to undergo formation and aging in FREYR's 480 testing channels. Several cells show energy density levels which indicate that FREYR is on track to replicate the energy density of the A samples from 24M that Nidec tested as part of the Long-Term Sales Agreement entered into in 2H 2022. The production of unit cells has continued in parallel with the completion of commissioning packages to enable fully automated production.
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ALK | Hot Stocks06:10 EDT Alaska Air now sees Q3 revenue up 1%-2% vs. prior view of flat to up 3% - In an investor update, Alaska Air said: "Over the past several weeks, fuel prices have increased considerably, driving a downward revision to our adjusted pre-tax margin expectations for the quarter. We now expect economic fuel cost per gallon to be approximately $3.15 to $3.25 and adjusted pre-tax margin to be 10% to 12% for Q3 2023. Our operation continues to perform at an exceptionally high level and throughout peak summer flying our completion rate reached record levels during July and August. We also executed a market wage rate adjustment for our pilots, effective September 1, 2023 as part of the agreement originally reached in October 2022. Inclusive of this impact, we are revising our CASMex guide to the better end of our range, which we now expect to be down 1% to 2% for Q3 2023. Regarding revenue, close-in booking strength continued through August, however, the tragic fires that occurred on Maui have resulted in cancellations to the island as the community works to recover. Given these offsetting impacts, we are tightening our revenue guide to up 1% to 2%, with the midpoint unchanged from our original guidance."
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UAL | Hot Stocks06:07 EDT United Airlines sees Q3 all-in fuel price $2.95-$3.05 per gallon - United Airlines Holdings, in a regulatory filing, provided an update regarding its financial outlook for third quarter 2023. Since mid-July 2023, jet fuel prices have climbed over 20%. As a result, the company's third quarter 2023 all-in fuel price is now expected to be between $2.95 to $3.05 per gallon. The company continues to expect third quarter 2023 capacity, operating revenue and CASM-ex to be consistent with guidance provided on July 19, 2023.
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GEVO | Hot Stocks06:07 EDT Gevo executes $30M award with USDA - Gevo announced it has finalized and executed a Notice of Grant and Agreement Award with the U.S. Department of Agriculture, or USDA, for a Partnerships for Climate-Smart Commodities grant of up to $30M for Gevo's Climate-Smart Farm-to-Flight Program. This program is aimed at tracking and quantifying the carbon-intensity, CI, impact of climate-smart practices while creating market incentives for low CI corn to help accelerate production of sustainable aviation fuel, or SAF, and low-CI ethanol. The company believes this grant will play a pivotal role in expediting the adoption of climate-smart farming practices and immediate market expansion of field-tracked, low-CI corn destined for SAF production in the area surrounding Gevo's previously announced Net-Zero 1 SAF plant, currently under development in Lake Preston, South Dakota.
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STGW | Hot Stocks06:07 EDT Allison unveils new brand identity - Allison fka Allison+Partners is excited to unveil its new brand identity, complete with a new name, logo, website and visual identity. The rebranding effort reflects the agency's transformation from its origin as a traditional PR firm focused on earned media to a modern integrated marketing and communications powerhouse with a global presence. "Today marks a significant milestone in our history," says Scott Allison, global chairman and CEO of Allison. "The unveiling of our new brand identity represents not just a change in name and logo, but a bold declaration of our commitment to shaping the future of integrated marketing and communications. We have evolved alongside the industry, embracing innovation and expanding our global footprint. This rebranding is a testament to our team's dedication to excellence, creativity, and the relentless pursuit of solutions that drive meaningful impact for our clients. With Allison, we are poised to lead the way in a new era of communications."
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KHC | Hot Stocks06:05 EDT Kraft Heinz announces launch of FUNdamental Textbooks - Kraft Heinz's kids' brands are getting into the book business with the launch of the new FUNdamental Textbooks. Each book delivers a 'lesson' on Jiggleometry, Nibbleomics, Slurpstory and Stackonomy, while providing a dsurprise snack via hollowed out pages featuring brands kids know and love. The book series was created to infuse excitement, engagement, and playfulness into learning. Starting today, the books will be available for parents at www.fundamentaltextbooks.com with no purchase necessary, while supplies last. For every book claimed, Kraft Heinz will donate $10 to First Book, a non-profit organization that works to remove barriers to education and level the playing field for kids in need so that every child has access to a quality education. In addition, Kraft Heinz is making a one-time donation of $50,000 to First Book.
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DGHI... | Hot Stocks06:04 EDT Digihost reports 70BTC mined in August - Digihost Technology provided an unaudited comparative Bitcoin, or BTC, production results for the month ended August, combined with an operations update. During the past month, Digihost participated, and continues to actively participate, in a variety of load curtailment programs that reduce BTC mining costs, as summer capacity pricing has been historically high. By contributing and performing in these load reduction programs, the Company has seen a reduction in its BTC mining costs, in addition to being able to provide crucial grid reliability to surrounding electric consumers. Mined approximately 70 BTC. Production of BTC mined is expected to ramp up by the end of Q3 as the Company finalizes the infrastructure setup at its most recently acquired site. Infrastructure installation has been completed at the Company's other two sites. The Company held cash, BTC and cash deposits of approximately $2.2M as of August 31, which was in line with Digihost's cash and crypto holdings of $2.4M as of July 31. Spent approximately $300,000 on capital expenditure and mining infrastructure support equipment. Digihost continues to monitor its capital expenditures closely with self-funding to avoid equity dilution for its shareholders. As a result of the Company's site acquisition in Q1 2023, Digihost's consolidated operating capacity across its three sites has increased to approximately 100MW, representing approximately 2 EH of computing power. The Company anticipates that its total capacity will be fully deployed by the end of 2023.
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SST | Hot Stocks06:03 EDT System1 confirms receipt of indication of interest for Total Security - System1 is in receipt of a non-binding indication of interest from Just Develop It regarding the possible acquisition of Total Security. The offer consists of $240 million in cash, the assumption of certain potential earnout payments in respect of Total Security and the delivery of approximately 29 million System1 shares held by Just Develop It and related persons. A special committee of the System1 board of directors has been formed that will evaluate among other things, this non-binding indication of interest. The special committee, together with its advisors, Solomon Partners and Weil, Gotshal & Manges LLP, are evaluating the offer and considering alternatives. There can be no assurance that the transaction described in the non-binding indication of interest, or any other transaction, will be completed or, if so, as to the timing, price and other terms and conditions of any such transaction. The Company does not intend to disclose developments with respect to this matter until such time as the board of directors approves a transaction or otherwise deems further disclosure appropriate, except as required by law or other regulatory requirements.
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V... | Hot Stocks05:49 EDT Visa expands stablecoin settlement capabilities to merchant acquirers - Visa (V) on Tuesday announced its next step in modernizing cross-border money movement. Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay (WPYGY) and Nuvei (NUVCF). Through live pilots with issuers and acquirers, Visa has already moved millions of USDC between its partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized over VisaNet, the company said. "By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we're helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa's treasury," said Cuy Sheffield, Head of Crypto, Visa. "Visa is committed to being on the forefront of digital currency and blockchain innovation and leveraging these new technologies to help improve the way we move money."
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TELL BKR | Hot Stocks05:21 EDT Tellurian, Baker Hughes enter supply agreement - Tellurian (TELL) and Baker Hughes (BKR) announced an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood's ability to achieve initial liquefied natural gas, or LNG, production in 2027. Baker Hughes is also on schedule to complete, by early next year, fabrication of the electric-powered, zero-emissions Integrated Compressor Line packages and other turbomachinery equipment for Driftwood Pipeline 200, following the award in 2022.
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RHHBY | Hot Stocks05:18 EDT FDA accepts application for Genentech crovalimab BLA - Genentech, a member of the Roche, announced that the FDA has accepted the company's Biologics License Application, or BLA, for crovalimab, an investigational, novel anti-C5 recycling monoclonal antibody, for the treatment of paroxysmal nocturnal hemoglobinuria, or PNH. The acceptance was based on results from the pivotal Phase III COMMODORE 2 study, which demonstrated that in people with PNH, crovalimab achieved disease control and was well-tolerated. Results from the Phase III COMMODORE 1 study, demonstrating the consistent benefit-risk profile of crovalimab, also supported the application.
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UMC | Hot Stocks05:16 EDT UMC reports August revenue NT$18.95M, down 25.23%
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CMPS | Hot Stocks05:12 EDT Compass Pathways publishes AI technologies study results in Pyschopharmacology - Compass Pathways announced the publication of a new paper in Pyschopharmacology, which showed the results of a retrospective study that evaluates the potential of its AI technologies to support investigational COMP360 psilocybin treatment in treatment-resistant depression, or TRD. The paper was published on August 22. The peer-reviewed paper shows the AI model has the potential to predict outcomes of the investigational COMP360 psilocybin treatment in people with TRD up to 12 weeks after treatment using recordings taken during the integration session 24 hours post administration. Further research and studies are required to validate this model and to evaluate its capabilities to predict responder status pre-treatment. Using a large language model, Compass created a machine learning algorithm that assessed the emotional sentiment of 101 English speaking participants from the company's recent randomized double-blind phase 2b study in TRD. The sentiment scores, as measured by valence and arousal, were then used in the second stage of the machine algorithm to predict patient response as measured by the Montgomery-Asberg Depression Rating Scale, or MADRS, at three weeks and three months post-drug administration. This model yielded a cross-validated accuracy of 85% and 88% at the three and twelve-week timepoints, respectively. The Area Under the Curve results were comparable with values of 88% and 85% at the three and twelve-week timepoints.
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PSFE | Hot Stocks05:08 EDT Paysafe, Eightcap announce strengthening of partnership - Paysafe and Eightcap are excited to announce the strengthening of their partnership through the introduction of an Embedded Trading Wallet solution. This strategic collaboration aims to provide a joint embedded finance solution for Eightcap and Paysafe's shared partners and merchants.
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TSN | Hot Stocks05:05 EDT Tyson Foods, Gatik AI announce multi-year autonomous truck collaboration - Tyson Foods and Gatik AI announced a multi-year collaboration to deploy autonomous refrigerated box trucks to bolster Tyson routes in Northwest Arkansas. Operating 18 hours a day, trucks will deliver Tyson, Jimmy Dean and BallPark products, among others, to the company's distribution and storage facilities in the Rogers and Springdale, Arkansas areas. The deployment will introduce Gatik trucks equipped with commercial-grade autonomous technology to the Tyson supply chain, operating on predetermined short-haul, repeated routes to support fast and efficient product flow from plant to storage facilities. The collaboration, which begins this week, will include multiple trucks with the potential for future expansion at other Tyson locations. The autonomous trucks are equipped with a 26-foot temperature-controlled box purpose-built to transport refrigerated and frozen goods quickly and safely and multiple sensor modalities that are custom-designed for fail-safe short-haul B2B operations. A safety driver will initially be present in the cab to monitor the autonomous system and take command of operating the truck if required.
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