Stockwinners Market Radar for September 07, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ARES | Hot Stocks21:07 EDT Ares Management co-founder Kaplan sells $20.7M in common stock - In a regulatory filing, Ares Management disclosed that its co-founder David Kaplan sold 200K shares of common stock on September 5th in a total transaction size of $20.7M.
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SNAP | Hot Stocks21:05 EDT Snap CEO sells $1.55M shares of common stock - In a regulatory filing, Snap disclosed that its CEO Evan Spiegel sold 150K shares of common stock on September 5th in a total transaction size of $1.55M.
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PACB | Hot Stocks20:18 EDT Cathie Wood's ARK Investment bought 337.8K shares of PacBio today
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ACHR | Hot Stocks20:16 EDT Cathie Wood's ARK Investment bought 233.3K shares of Archer Aviation today
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NVDA | Hot Stocks20:14 EDT Cathie Wood's ARK Investment sold 13.5K shares of Nvidia today
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NRIX | Hot Stocks20:14 EDT Cathie Wood's ARK Investment bought 341.3K shares of Nurix Therapeutics today
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ALGN DDD | Hot Stocks18:56 EDT 3D Systems comments on ongoing partnership with Align Technology - 3D Systems (DDD) issued a statement on the company's ongoing partnership with Align Technology (ALGN in response to shareholder inquiries related to Align's recent announcement that it has entered into a definitive agreement to acquire privately held Cubicure Gmbh: "3D Systems' 25-year partnership with Align where 3D Systems provides hardware, materials, processing, and services for Align in connection with its highly efficient indirect production of aligners remains strong. Align operates hundreds of 3D Systems' printers producing over one million parts daily and continues to rely on 3D Systems to support its operations. 3D Systems' forecasts remain intact and already account for Align's existing partnership with Cubicure". Cubicure's R&D efforts on direct 3D printing of aligners have had no impact on 3D Systems. 3D Systems continues to move forward with advanced R&D to further its capabilities for direct printing aligners as that approach is further evaluated as a complement to indirect production.
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INTU | Hot Stocks18:55 EDT Intuit exec sells $3.99M in common stock - In a regulatory filing, Intuit disclosed that its Consumer Group EVP Mark Notarainnin sold 7.3K shares of common stock on September 5th in a total transaction size of $3.99M.
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IXAQ | Hot Stocks18:30 EDT IX Acquisition announces extension to complete business combination - IX Acquisition "announced that its board of directors has decided to extend the date by which the Company must consummate an initial business combination from September 12, 2023 for an additional month, to October 12, 2023. This is the sixth of twelve potential one-month extensions of the Deadline Date available to the Company pursuant to its Amended and Restated Memorandum and Articles of Association. The Company further announced that on or before September 12, 2023, IX Acquisition Sponsor LLC will deposit $160,000 into the Company's trust account in connection with this extension."
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OPTT | Hot Stocks18:29 EDT Ocean Power awarded multi-year NOAA contracts for uncrewed maritime systems - Ocean Power "announced the award of three separate Indefinite Delivery Indefinite Quantity Multiple-Award Contracts from the National Oceanic and Atmospheric Administration (NOAA). These awards further add to OPT's reputation as a reliable U.S. Government contractor and build on recent successes in the defense and national security space."
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PR | Hot Stocks18:27 EDT Permian Resources CAO Jensen sells 171,817 class A shares - In a regulatory filing, Permian Resources CAO Brent Jensen disclosed the sale of 171,817 class A common shares of the company on September 5 at a price of $14.8302 per share.
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MCK | Hot Stocks17:43 EDT McKesson CEO Tyler sells 3,938 common shares - In a regulatory filing, McKesson CEO Brian Tyler disclosed the sale of 3,938 common shares of the company on September 6 at a price of $407 per share.
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BA | Hot Stocks17:35 EDT Boeing awarded $474.5M Air Force contract action - Boeing was awarded an undefinitized contract action with a total not-to-exceed value of $474.5M for the F-15 Japan Super Interceptor Program. This contract provides for the Foreign Military Sales, or FMS, requirement to add the Eagle Passive Warning Survivability System for the Japan Air Self Defense Force. Work is expected to be completed by December 31, 2028. This contract involves FMS to Japan. This contract was a sole-source acquisition. FMS funds in the amount of $76.39M are being obligated at time of award. The Air Force Life Cycle Management Center is the contracting activity.
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GWRE | Hot Stocks17:34 EDT Guidewire reverses post-earnings decline, up 2% afterhours after call comments
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GWRE | Hot Stocks17:33 EDT Guidewire says Q4 sales strength on track for $1B ARR - CFO Jeffrey Cooper states: "Finally, let me make a comment about our FY25 targets that we have been tracking for some time now. We will address this in more detail at our Analyst Day, but I wanted to make a comment quickly here. As Mike noted, we remain focused on achieving our target of $1 billion in ARR and the strength of Q4 sales activity demonstrates the path to achieving that goal. Total revenue is also tracking to our prior range. On the margin side, we're progressing a bit ahead of plan that we discussed at the last Analyst Day and our expectations for subscription and support gross margin, total gross margins, operating margins and cash flow from operations margins for fiscal 2025 and are now expected to finish closer to the high end of previously discussed ranges. We are thrilled with the progress we made in FY '23 to allow us to deliver increasing confidence towards our long-term targets." Comments taken from Q4 earnings conference call.
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X... | Hot Stocks17:33 EDT U.S., EU to revise China steel tarifs to end Trump-era snafu, Bloomberg says - The United states and the European Union are working towards ending a Trump-era trade conflict as a deal introducing new tariffs aimed at excess steel production from China and other countries is being discussed, writes Alberto Nardelli and Jenny Leonard for Bloomberg. The new measures would have a focus on imports from China that benefit from non-market practices, according to the story. "The agreement would be part of the so-called Global Arrangement on Sustainable Steel and Aluminum that the EU and the Biden administration have been negotiating since 2021," added the Bloomberg story. Companies in the space include U.S. Steel (X) Nucor (NUE) Century Aluminum (CENX), Alcoa (AA), Cleveland-Cliffs (CLF), and ArcelorMittal (MT). Reference Link
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GD | Hot Stocks17:32 EDT General Dynamics to compete for orders on $488.66M Army contract - General Dynamics and Nammo Perry will compete for each order of the $488.66M fixed-price-incentive contract for manufacturing, assembly, inspection, packaging and delivery of 155 mm M119A2 propelling bag charges. Bids were solicited via the internet with two received. Work locations and funding will be determined with each order, with an estimated completion date of September 6, 2028. Army Contracting Command is the contracting activity.
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WDAY | Hot Stocks17:23 EDT Workday exec sells $6.04M in common stock - In a regulatory filing, Workday disclosed that its General Counsel Richard Sauer sold 24.4K shares of common stock on September 6th in a total transaction size of $6.04M.
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FSLY | Hot Stocks17:18 EDT Fastly exec sells $2.09M in common stock - In a regulatory filing, Fastly disclosed that its Chief Architect Artur Bergman sold 87K shares of common stock on September 5th in a total transaction size of $2.09M.
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SMAR | Hot Stocks17:03 EDT Smartsheet jumps 8% to $43.50 after Q2 earnings beat and guidance raise
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HPP | Hot Stocks17:02 EDT Hudson Pacific suspends common stock dividend - Hudson Pacific Properties announced that its Board of Directors suspended the company's quarterly dividend on its common stock, commencing with the third quarter dividend that would have been paid in September 2023. Chairman and Chief Executive Officer Victor Coleman said, "As we manage through current market conditions, including addressing the impact of the ongoing Hollywood strike, the Board believes that suspending our common stock dividend is a prudent decision."
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AGBA | Hot Stocks17:01 EDT AGBA Group announces $50M equity purchase agreement - AGBA Group announced a standby equity purchase agreement with Williamsburg Venture Holdings, LLC that will allow WVH to invest up to $50M of ordinary shares of AGBA over the next 36 months. The equity facility will enhance AGBA Group's capitalization and financing flexibility, in addition to other alternatives available to us, to effectively execute our growth strategies to deliver value to all of our shareholders and other stakeholders. Wing-Fai Ng, Group President, AGBA Group Holding Limited said "We are immensely grateful for the invaluable help and unwavering support that Ronald Glenn has generously provided us since AGBA went public in November. This transaction further extends our partnership with Ron. As a company with a sharp focus on creating shareholder value, we at AGBA will only raise capital to accelerate our growth, profitability, and competitive advantages. AGBA Group remain dedicated to delivering exceptional results and maximizing returns for our valued shareholders."
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CSL | Hot Stocks16:59 EDT Carlisle announces process to sell CIT - Carlisle Companies that it is commencing a process to sell Carlisle Interconnect Technologies. CIT designs and manufactures high-performance wire and cable, including optical fiber for the commercial aerospace, military and defense electronics, medical device, industrial and test & measurement markets. CIT's product portfolio also includes sensors, connectors, contacts, cable assemblies, complex harnesses, racks, trays and installation kits. CIT also provides engineering and certification services to its customers. Chris Koch, Chair, President and Chief Executive Officer, said, "Our announced plan to sell CIT and completion of a transaction will be the final step in accomplishing Carlisle's pivot to a pure play building products company employing a superior capital allocation approach to investments. CIT is an excellent business operating in the highly desirable aerospace and medical segments with excellent growth prospects."
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FWRD | Hot Stocks16:52 EDT Forward Air provided mid-quarter operational update - Forward Air provided Expedited Freight Operating statistics for the quarter-to-date period through August 2023. Weight per shipment increased 7.8%, revenue per shipment excluding fuel increased 0.9% and pounds per day decreased 3.0% over the same period last year. While pounds per day for July decreased by 5.9%, it improved in August as pounds per day were relatively flat over the same period last year. CEO Tom Schmitt commented: "In the month of August, we started seeing positive momentum in volumes. In the first few days of September, we are seeing a continuation of the increase in volumes. We believe our Grow Forward initiative, a focus on high value freight, is continuing to gain traction. Our freight quality continues to improve as reflected in the 7.8% increase in weight per shipment through August 2023 over the same period last year. Similarly, our revenue quality remains at top levels as our revenue per ton mile excluding fuel increased 2.2% and our revenue per shipment excluding fuel increased 0.9% for the quarter-to-date period through August 2023 over the same period last year."
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FIVN | Hot Stocks16:43 EDT Five9 exec sells $780K in common stock - In a regulatory filing, Five9 disclosed that its Product Engineering EVP sold 11K shares of common stock on September 5th in a total transaction size of $780K.
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ATI | Hot Stocks16:41 EDT ATI to establish additive manufacturing facility to serve U.S. Navy - ATI Inc. has been awarded a contract by Bechtel Plant Machinery Inc. to support development of highly engineered part solutions in support of the U.S. Naval Nuclear Propulsion Program. To support the contract, which calls for advanced manufacturing methods including metal additive manufacturing, ATI will establish a dedicated additive manufacturing facility outside Fort Lauderdale, Florida.
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ACLS | Hot Stocks16:39 EDT Axcelis director Titinger sells 6,881 common shares - In a regulatory filing, Axcelis Technologies director Jorge Titinger disclosed the sale of 6,881 common shares of the company on September 7 at a price of $177.38 per share.
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SNAP | Hot Stocks16:37 EDT Snapchat expands teen safety features, guardrails age-appropriate content - In an earlier entry to its Privacy and Safety Hub blog, Snap said, in part: "Creating a safe and positive experience for Snapchatters is a top priority, which is why we're always trying to do more to help keep our community safe. As a messaging platform for real friends, our goal is to help Snapchatters communicate with people that matter to them and to ensure that the content they view on our app is informative, fun, and age-appropriate. With that goal in mind, today we are announcing new features to further protect 13-17-year-olds from potential online risks. These features, which will begin to roll out in the coming weeks, are designed to 1) protect teens from being contacted by people they may not know in real life; 2) provide a more age-appropriate viewing experience on our content platform; and 3) enable us to more effectively remove accounts that may be trying to market and promote age-inappropriate content through a new strike system and new detection technologies. In addition, we are releasing new resources for families, including an updated parents guide at parents.snapchat.com that covers our protections for teens, our tools for parents, and a new YouTube explainer series.ls for parents, and a new YouTube explainer series." Reference Link
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SEM | Hot Stocks16:35 EDT Select Medical announces executive management appointments - Select Medical Holdings announced 12 executive management appointments, effective October 1. John Saich and Thomas Mullin have been promoted to co-presidents of the organization, and Michael Malatesta has been named Executive VP and CFO. A 26-year veteran of Select Medical, Saich most recently served as executive vice president and chief administrative officer overseeing its Outpatient Rehabilitation Division and Shared Services operations. Since joining Select Medical in 2008, Mullin has held operational leadership positions of increasing responsibility within the Critical Illness Recovery Hospital Division, including president. In 2018, his role expanded to the Inpatient Rehabilitation Hospital Division, serving as COO. A 24-year veteran of the company, Malatesta has served as senior vice president of finance since 2013 after holding a variety of senior finance and accounting positions within the Outpatient Rehabilitation Division. Each of these executives has been promoted to a new position: Michael Tarvin to senior executive vice president, general counsel and secretary; John Duggan to executive vice president and deputy general counsel; Tyler Hollenbach to executive vice president of strategy and growth; Mary Lacey to senior vice president and chief human resources officer; Shelly Eckenroth to senior vice president and chief communications, marketing and branding officer.
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PRU | Hot Stocks16:32 EDT Prudential, Warburg Pincus announce launch of Prismic Life Re - Prudential Financial and Warburg Pincus "announced the launch of Prismic Life Reinsurance, Ltd., a licensed Class E Bermuda-based life and annuity reinsurance company. Prudential and Warburg Pincus, together with a group of investors, have agreed to make equity investments in Prismic and will oversee its long-term strategy through participation on its board of directors. Prudential expects to reinsure to Prismic a block of structured settlement annuity contracts with reserves of approximately $10 billion, subject to the receipt of required regulatory approvals. Prudential's obligations to the holders of these annuities will remain unchanged following the reinsurance arrangement and Prudential will continue to administer the contracts. From there, Prudential aims for Prismic to be a strategic reinsurance partner with the ambition to grow their reinsurance relationship materially in years to come. PGIM and Warburg Pincus will provide asset management services to Prismic."
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DAVE | Hot Stocks16:31 EDT Dave Chief Legal Officer John Ricci retiring, Joan Aristei suceeding - Dave announced that John Ricci, General Counsel, will retire on September 29. Joan Aristei has been named Chief Legal Officer, effective September 25. Joan Aristei most recently served as General Counsel and Chief Risk Officer at Oportun. Before Oportun, Aristei was Citigroup Private Bank's Head of Banking and Lending Product Compliance. She has also served as Vice President, Chief Compliance Officer, and Assistant General Counsel at JP Morgan Chase Auto and Student Lending division, and as counsel to Nissan Motors Finance and Toyota Financial Services.
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MBIN | Hot Stocks16:20 EDT Merchants Bancorp selling branches of Farmers-Merchants Bank of Illinois - Merchants Bancorp, parent company of Merchants Bank of Indiana and Farmers-Merchants Bank of Illinois, announced that Farmers-Merchants has entered into an agreement with Bank of Pontiac, headquartered in Pontiac, Illinois, for Bank of Pontiac to acquire Farmers-Merchants' branch locations in Paxton, Melvin, and Piper City, Illinois, and into an agreement with CBI Bank & Trust, headquartered in Muscatine, Iowa, for CBI Bank & Trust to acquire Farmers-Merchants' branch located in Joy, Illinois. In addition to the branches, Bank of Pontiac will acquire approximately $157M in deposits and $22M in loans, and CBI Bank & Trust will acquire approximately $62M in deposits and $27M in loans from Farmers-Merchants. Terms of the agreements are not being disclosed. The acquisitions are expected to close in 1Q24.
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CDXS | Hot Stocks16:19 EDT Codexis to realize $30M cash savings through 2031 after executing lease deal - Codexis announced the Company has executed an Assignment and Assumption of Lease for its San Carlos, California location. As a result of consolidating operations to its headquarters facility in Redwood City, California, Codexis estimates it will realize cumulative cash savings of more than $30M through 2031. The execution of the Assignment Agreement is consistent with the Company's ongoing strategy to focus resources on programs with the strongest commercial opportunity and greatest probability of near-term success, including the Company's enzyme-catalyzed oligonucleotide ECO Synthesis technology platform, designed to enable scalable production of RNA interference RNAi therapeutics. "The swift execution of this lease assignment demonstrates our ability to efficiently streamline the business and concentrate on the priorities we outlined in July as part of our enhanced strategic focus," said Kevin Norrett, MBA, Chief Operating Officer of Codexis. "Having the entire Company in one location will enable the close collaboration of our teams while also reducing overhead and positioning us to meet our projected cash runway to mid-2026."
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GWRE | Hot Stocks16:18 EDT Guidewire falls 6% to $80.00 after Q4 results, below-consensus guidance
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NXTC | Hot Stocks16:18 EDT NextCure publishes review article on regulation of tumor immunity - NextCure announced the publication of a review article in the online journal Frontiers in Immunology, highlighting the need for targeting tumor collagen in the extracellular matrix, or ECM, in the tumor microenvironment to enhance anti-tumor immunity. The publication, titled "Regulation of Tumor Immunity and Immunotherapy by the Tumor Collagen Extracellular Matrix," details how ECM components, specifically collagen, have an active role in immune regulation when dysregulated. Collagen acts as a ligand and interacts with receptors on immune cells to inhibit immune cell subpopulations in the TME. Such interactions disable anti-tumor immune responses and promote tumor growth. In addition, the review highlights how the structural components of the dysregulated ECM create a physical barrier to immune infiltration, further impeding the overall immune response and contributing to tumor progression. The ECM is a major factor in facilitating not only tumor progression, but resistance to various therapeutic treatments, including immunotherapy. The review was published in collaboration with Nordic Bioscience A/S.
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VICI | Hot Stocks16:17 EDT VICI Properties raises quarterly dividend 6.4% to 41.5c per share - VICI Properties announced that its Board of Directors has declared a regular quarterly cash dividend of 41.5c per share of common stock for the period from July 1, 2023 to September 30, 2023, representing an annualized amount of $1.66 per share and a 6.4% increase from the current dividend rate. The dividend will be payable on October 5, 2023 to stockholders of record as of the close of business on September 21, 2023.
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ELAN | Hot Stocks16:16 EDT Elanco says first shipments of Varenzin-CA1 conditionally approved by FDA - Elanco Animal Health announced that the first shipments of Varenzin-CA1, conditionally approved by U.S. Food and Drug Administration as the first and only treatment to control non-regenerative anemia in cats with chronic kidney disease, are shipping to veterinary clinics around the country. Anemia from CKD can dramatically affect a cat's existence, making them lethargic, reducing their appetite, and even leading to a rapid heart rate and difficulty breathing in severe cases. According to the FDA, CKD-related anemia is a complication that often contributes to death or euthanasia of affected cats due to poor quality of life. The challenges of current therapy to address this devastating condition often include inconvenient and extra-label use of a human drug. "Varenzin-CA1 is the first drug to receive conditional approval for use in cats, providing access to a novel medicine for our feline companions suffering from nonregenerative anemia due to CKD," said the FDA Center for Veterinary Medicine, upon conditionally approving the product. "Additionally, this is the first drug for cats under expanded conditional approval, a pathway to the marketplace that encourages development of innovative treatments and increases the options for treating animals with uncommon conditions, serious or life-threatening diseases, or diseases without existing or adequate therapies."
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PVH | Hot Stocks16:16 EDT PVH Corp.'s Calvin Klein enters into home license agreement with Revman - PVH Corp's wholly owned subsidiary Calvin Klein has entered into a license agreement with Revman, a provider of high-quality lifestyle bed and bath products, for the design, manufacturing and distribution of home accessories in the U.S., Canada, and Mexico. The new Calvin Klein home collections will launch at the New York Home Textiles Market week this month. The agreement's initial term is through 2028. The first Calvin Klein home collection will launch in Spring 2024. Calvin Klein home will be distributed through all major levels of retail distribution in the United States as well as retailers in Canada and Mexico.
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EXPR | Hot Stocks16:15 EDT Express names Stewart Glendinning CEO - Express announced that Stewart Glendinning has been appointed Chief Executive Officer and a member of the Express Board of Directors, effective September 15, 2023. Glendinning succeeds Tim Baxter, who has resigned as Chief Executive Officer and as a member of the Board. Baxter will be available as needed to support a smooth transition. Glendinning brings to Express more than 20 years of experience in the consumer products industry and a proven record of operating excellence, financial discipline and building high-performing teams to grow iconic brands. He most recently served as Group President, Prepared Foods of Tyson Foods, Inc. In this role, he managed all aspects of the Prepared Foods portfolio, including renowned brands Jimmy Dean, Hillshire Farm and Ball Park, and guided the business to strong volume performance and market share gains across the retail brand portfolio. Previously, Glendinning was Chief Financial Officer of Tyson Foods and responsible for worldwide financial planning, finance and accounting functions. "The Express Board is confident that Stewart is the right person to reinvigorate performance and build the strongest possible foundation on which Express can succeed," said Mylle Mangum, Chairman of the Express Board. "He is a highly accomplished executive who will bring fresh thinking to the Company and our strategies for profitable growth. Stewart shares the Board's belief that further operating improvements and greater financial discipline are needed to ensure that Express is best positioned to deliver significant, sustainable shareholder value."
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RH | Hot Stocks16:14 EDT RH falls 7% to $343.99 after Q2 results and guidance
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ETRN | Hot Stocks16:14 EDT Equitrans Midstream CEO Karam to step down - Equitrans Midstream Corporation announced that Thomas F. Karam will step down from his role as chief executive officer of Equitrans Midstream (Equitrans or Company) to become the Company's executive chairman; and Diana M. Charletta, currently president and chief operating officer of Equitrans, will succeed Mr. Karam as Equitrans' newly appointed chief executive officer. The executive appointments are effective January 1, 2024, and both Mr. Karam and Ms. Charletta will continue to serve as members of the Equitrans Board of Directors following the leadership transition. "Nearly five years ago, Equitrans Midstream was launched as an independent, publicly traded company, and, since the beginning, we have been steadfast and resilient, persevering through challenges that many had thought were insurmountable," said Mr. Karam. "We are targeting completion of the Mountain Valley Pipeline project by year-end and believe this is the right time to execute on our long-planned leadership succession strategy. Equitrans has a long history, a comprehensive asset footprint across the Appalachian Basin, and a very bright future. With deep-rooted operational experience, Diana is a respected leader among her peers and across the organization, and I am confident in her ability to successfully execute on our strategic priorities."
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DOCU | Hot Stocks16:13 EDT DocuSign increases stock repurchase program by $300M to $500M - DocuSign's board of directors has authorized an increase of $300M to its existing stock repurchase program for a total aggregate amount of up to $500M of DocuSign's outstanding common stock. The program has no minimum purchase commitment and no mandated end date. The repurchase program does not obligate DocuSign to acquire any particular amount of common stock and the repurchase program may be suspended or discontinued at any time at DocuSign's discretion without prior notice.
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LMNR | Hot Stocks16:13 EDT Limoneira now sees FY23 fresh lemon volumes 4.7M-5M cartons - The Company's food service business and industry logistics continue to experience slowdown due to supply chain and inflationary pressures on a global basis. The Company now expects fresh lemon volumes to be in the range of 4.7 million to 5.0 million cartons for fiscal year 2023, compared to previous guidance of 5.0 million to 5.4 million cartons. The Company achieved avocado volume of approximately 3.8 million pounds in fiscal year 2023 compared to previous guidance of 3.0 million to 4.0 million pounds. The Company expects to receive total proceeds of $115 million from Harvest at Limoneira, LLCB II and East Area II spread out over seven fiscal years, with approximately $8 million received in fiscal year 2022.
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ASPS | Hot Stocks16:10 EDT Altisource sees FY23 positive adjusted EBITDA - Altisource continues to execute on its strategy to recover from the impact of the pandemic. "We believe our July 2023 Adjusted EBITDA of $0.M, updated outlook for the third quarter of break-even to $1M of Adjusted EBITDA , and outlook for full year 2023 positive Adjusted EBITDA demonstrates our progress. We are also on plan to reduce annual cash operating expenses by $13.5M compared to the annualized second quarter cash operating expenses. Based upon our progress in the third quarter, we estimate that we will generate $1M per month of expense savings for the month of September 2023," said William B. Shepro, Chairman and Chief Executive Officer of Altisource"
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SQSP GOOG | Hot Stocks16:06 EDT Squarespace completes acquisition of Google Domains assets - Squarespace (SQSP) completed its acquisition of the assets associated with the Google (GOOG) Domains business, in accordance with the transaction agreement previously announced on June 15. With the acquisition now completed, Squarespace will, after a transition period, initiate the transfer of Google Domains accounts to its Squarespace Domains platform, leveraging Google's existing infrastructure during this period to ensure a transition to its domains platform. Squarespace will be increasing its investment in Squarespace Domains.
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ADEA | Hot Stocks16:06 EDT Adeia names Jarl Berntzen chief corporate development officer - Adeia announced that Jarl Berntzen joined Adeia as the company's chief corporate development officer on September 5. Berntzen joins Adeia from Oppenheimer & Co., where he was managing director of technology investment banking and head of technology M&A.
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BTBD | Hot Stocks15:37 EDT BT Brands drops lawsuit against Noble Roman's, directors - BT Brands announced that it has withdrawn without prejudice its lawsuit in Federal Court for the Southern District of Indiana against Noble Roman's, or NROM, and its directors. BT Brands CEO, Gary Copperud, commented that the purpose of the lawsuit was to achieve a fair vote for Noble Roman shareholders. The company said, "We were not successful in our effort to get a ruling favorable to NROM shareholders as in its preliminary ruling, the Court allowed the annual meeting to proceed. Without the BT Brands proxy votes, NROM failed to attain a quorum and the election of a Class III Director was postponed to the 2024 annual meeting. The result is that three board seats will be elected in 2024, and we expect to nominate representatives for each available seat. The BT Brands lawsuit also alleged that the NROM and its Directors violated federal law in omitting material information from its Definitive Proxy Statement and that NROM and its Directors violated fiduciary duties by preventing BT Brands' nomination of Mr. Copperud, frustrating the expressed will of an overwhelming number of shares expected to vote at the annual meeting. We expect to further review these issues as part of an inspection of the NROM books and records and reserve the right to take further action as appropriate. Owning a combined stake of more than 8% of NROM shares, BT Brands sought to nominate Mr. Copperud to serve as a director of NROM to add a fresh perspective to its board, including reviews of policies concerning executive compensation and corporate borrowing. After it became clear that Mr. Copperud would defeat Mr. Scott Mobley, NROM deemed that Mr. Copperud's nomination was not in compliance with NROM's Bylaws and would not be considered valid."
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GRPN | Hot Stocks15:20 EDT Groupon holder Windward Management discloses 8.9% stake - Windward Management, which disclosed an 8.9% stake in Groupon, disclosed in an SEC filing a letter sent to Dusan Senkypyl, the company's Chief Executive Officer, expressing "conviction in the [company's] recovery and explaining how the [company] is significantly undervalued." The letter states in part: "I have very much enjoyed our conversations over the last several months and appreciate your initiative, on behalf of shareholders including myself, to help turn the ship around at Groupon. As long term deep fundamental investors, we are highly cognizant that turnarounds take time with bumps along the way. That being said, our diligence suggests that the opportunity here is vast and not even remotely understood by the market... Given our large investment in the company, we thought it made sense to file a 13D so that we could engage in a more comprehensive manner with the company and provide some input should you find it helpful... Despite the fact that our average cost is $6.42, our conviction level is higher, as we file today at $11, given we continue to build evidence that our thesis is correct and the catalyst path grows more imminent. Below, we will delineate our investment case for $55 or 5x from here over the next 12 months. Given the asymmetric upside we see over a relatively short period of time, we have structured our position with both stock and options. Our options positions, many of which are in the money, form the majority of our 8.9% position in the company. These calls are high delta and longer-term options, allowing us to pick up more leverage should we recognize the explosive upside we envision playing out."
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TSN | Hot Stocks15:11 EDT Tyson Foods says seeing sequential improvement into Q3 - Says seeing sequential improvement as it goes back through Q2 into Q3 and as company goes into the balance of this year and the next year. Says not satisfied with where company is just yet, but in the backdrop it has made some "pretty tough" moves that it expects will yield results, especially in the poultry segment. Comments taken from Barclays Global Consumer Staples Conference.
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GFF | Hot Stocks15:08 EDT Griffon repurchased 400,000 shares from Voss Managed Accounts - In a regulatory filing, Voss Capital disclosed that on September 5, certain of the Voss Managed Accounts, of which Voss Capital is the investment manager, entered into an agreement with Griffon, pursuant to which the company repurchased 400,000 shares beneficially owned by the selling shareholders, in a private transaction to facilitate redemptions by investors in the selling shareholders. The purchase price per share was $41.8656, for an aggregate purchase price of $16,746,240, and represented a 2% discount from the price of $42.72 of the shares at the close of trading on September 1, the filing indicated. The selling shareholders are affiliates of Voss Capital. Mr. Cocke, the Founder, Chief Investment Officer and Managing Member of Voss Capital, is a member of the Board of Directors of the company. The filing indicates that Travis Cocke, the managing member of each of Voss Capital and Voss GP, holds a 5.2% stake in Griffon.
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UBER | Hot Stocks14:34 EDT Uber up 1% as company presents at Goldman conference - Uber's CEO discussed being in a "strong supply position" and said the company's advertising business is on track to exceed the company's $1B target for 2024, according to Bloomberg's coverage of comments made during the Goldman Sachs Communacopia + Technology Conference.
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BFRG | Hot Stocks14:07 EDT Bullfrog AI CEO sees 'explainability' as key strength of technology
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BFRG | Hot Stocks14:07 EDT AI valuable tool to aid in decision making, Bullfrog AI CEO says
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BFRG | Hot Stocks14:07 EDT Bullfrog AI looking for strategic partners for drugs in pipeline, CEO says
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BFRG | Hot Stocks14:07 EDT Bullfrog AI CEO says heavy focus on building pipeline
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SPR... | Hot Stocks13:58 EDT Spirit sees building about 65-70 units for A220 this year - When asked about the Airbus (EADSY) A220 program, Spirit AeroSystems (SPR) CEO Thomas Gentile said while presenting at the Jefferies Industrials Conference, according to a transcript: "So the 220 program ultimately is going to be a great program, but it's been disappointing that the rates have been much lower than we expected. So for example, even this year, the original projection was we thought we would do 100 units then it went down to 82 than 78. We're probably in the 65 to 70 range right now. So it's come way down. That's put more pressure on the program. And so our economics on the program from what we originally thought when we concluded that deal in 2020, and we took a charge through 2025, there's pressure on that. And so this is, I think, true with 3 of our programs right now, the 220, the 350 and the 787 is those are all composite programs, at least the work packages that we have. And it's -- we've never really achieved the learning curve to come down in terms of cost historically. And so those programs have always been under pressure. And now there's even more pressure because of wage inflation, other inflation, like logistics and utilities part shortages and also with the greater scrutiny on quality, some new work processes that add hours. And so all of those programs are under pressure and it really is not sustainable for Spirit. So we are having discussions with our customers, with Boeing and Airbus about these pressures that we're facing and how we address them. I mean it's great that we have a lot of demand and rates are going up. But to achieve those rates, the supply chain has to be stable and healthy and spirit needs to be stable and healthy. And I think both of our customers realize that, and we're engaged in discussions."
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SPR... | Hot Stocks13:56 EDT Spirit CEO says 'probably going to be at low end' of Boeing guidance this year - Spirit AeroSystems CEO Thomas Gentile said while presenting at the Jefferies Industrials Conference, according to a transcript: "Well, we right now are starting to cycle at 42 aircraft per month. We've got 2 production lines in our plant. We can go up to 3, but we have 2 right now. Each produces 21 per month, so 1 a day. So we call it 2 1-day lines. So we load 2 each day, and we try to deliver to each day... In addition, on the 42 aircraft per month, we are now about aligned with Boeing in terms of production rate. And as we go into next year, we're going to finish this year at 42, we're going to go into next year at 42. So this year, our guidance was 370 to 390 aircraft on the max. We're probably going to be at the low end of that range given all the pressures and there's some pressure to that. But we're going to end this year at 42 aircraft per month. And we're going to be at 42 aircraft per month all of next year as will Boeing. And that's about 500 aircraft next year. And then in '25 and '26, Boeing has said they want to get up to 50 aircraft per month. And they've added a fourth line in Everett. So they're very serious about it, and they certainly have the backlog to support it. That would get us back up to 600 aircraft per month. So that's how we will align with them. We typically are about 6 months in advance of them. Because we're earlier in the production process. And so we start hiring even 10 to 12 weeks before that. So we have enough time to train our employees and also to get them on the job experience."
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ANET | Hot Stocks13:21 EDT Arista Networks sees cloud being 'muted' next year, says CFO - At the Citi Global Technology Conference, Arista Networks CFO Ita Brennan commented on the company's previous "teaser" on the double digit growth next year, saying "I wouldn't get too far ahead of us beyond that." Brennan thinks this assumes that cloud is muted after two outsized growth cloud years "and that we are relying on kind of the enterprise and consistent execution and enterprise." The firm plans to talk more at the Analyst Day about other drivers, Brennan added.
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GM | Hot Stocks13:04 EDT UAW responds to General Motors, calls proposal 'insulting' - In response to General Motors' proposal submitted on September 7th, UAW President Shawn Fain said that, "After refusing to bargain in good faith for the past six weeks, only after having federal labor board charges filed against them, GM has come to the table with an insulting proposal that doesn't come close to an equitable agreement for America's autoworkers. GM either doesn't care or isn't listening when we say we need economic justice at GM by 11:59pm on September 14th. The clock is ticking. Stop wasting our members' time. Tick tock."Reference Link
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FMC | Hot Stocks12:53 EDT FMC says short report has 'misleading,' 'factually inaccurate' statements - FMC Corporation announced that the report published today by short-seller Blue Orca Capital made "misleading and factually inaccurate statements regarding FMC's patents for its diamide insecticide technology and inaccurately speculated on the strength of FMC's business." "As acknowledged by Blue Orca, it is a biased opinion piece," the company said. "FMC has always been clear and transparent about its diamide growth strategy. The company has consistently disclosed material developments in diamide litigation in SEC filings. The Blue Orca report contains quotes and information that have been taken out of context, are factually incorrect or do not reflect the multiple dimensions of the FMC diamide growth strategy. FMC is disappointed a short seller firm would publish a misleading report that contains such speculation and factually incorrect statements. FMC will assess the biased, inaccurate report and take appropriate steps."
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BACK | Hot Stocks12:45 EDT IMAC Holdings announces 1-for-30 reverse stock split - IMAC Holdings announced a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-30 and that it had filed a Certificate of Amendment to the company's Certificate of Incorporation in order to effect the Reverse Split. The Reverse Split will be effective after the market closes on September 7, 2023. Beginning with the opening of trading on September 8, 2023, the company's common stock will continue to trade on The Nasdaq Capital Market under the symbol "BACK," but will trade on a split-adjusted basis under a new CUSIP number, 44967K302.
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MMP OKE | Hot Stocks12:44 EDT ISS recommends Magellan Midstream investors vote for Oneok transaction - Magellan Midstream Partners (MMP) announced that independent proxy advisory firm Institutional Shareholder Services recommends that unitholders vote "FOR" the pending merger with ONEOK, Inc. (OKE) at the virtual special meeting of unitholders scheduled to be held on Sept. 21, 2023. In its report dated Sept. 6, 2023, ISS stated:"...the board's focus on securing a significant cash portion to the consideration suggests that MMP adequately considered the tax implications for its shareholders" and that "The deal terms imply a premium to MMP's valuation, which already reflected a historical premium to MLP peers and was relatively in line with corporate peers. The premium also stands out among recent precedent transactions in this sector, and appears to compensate most investors for the immediate tax hit." Magellan issued the following statement: "We are pleased that ISS, in addition to Glass Lewis, supports our board's unanimous recommendation that unitholders vote FOR the merger with ONEOK. The recommendation from ISS recognizes the significant premium value the transaction delivers to Magellan unitholders through the meaningful upfront cash consideration as well as substantial ownership in a stronger combined company that has greater growth opportunities, scale, diversification and resilience. We look forward to working together with ONEOK to complete the transaction and deliver full and fair value for our unitholders."
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NJR | Hot Stocks12:30 EDT New Jersey Resources raises quarterly dividend 7.7% to 42c per share - The board of directors of New Jersey Resources Corporation unanimously approved a 7.7% increase in the quarterly dividend rate to 42c per share from 39c per share. The new quarterly rate will be effective with the dividend payable October 2, 2023 to shareowners of record on September 20, 2023. This dividend replaces the previously announced dividend of 39c per share approved on July 12, 2023 for shareowners of record on September 20, 2023. The new annual dividend rate will be $1.68 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 28 years. Steve Westhoven, President and CEO of NJR, stated, "Our long-term business strategy and financial position give the Board confidence to increase the quarterly dividend. We are committed to providing strong long-term returns to shareholders, and a growing dividend is a key component of increasing shareholder value."
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MSFT | Hot Stocks12:27 EDT Microsoft seeing good revenue from AI products, says CFO - Comments taken from the Goldman Sachs Communacopia + Technology Conference.
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MSFT | Hot Stocks12:12 EDT Xbox game 'Starfield' exceeded 1M concurrent players in launch day - Microsoft Gaming CEO Phil Spencer said that brand new Bethesda RPG "Starfield," which released in early access last week with an official launch on September 6, exceeded 1M concurrent players across Xbox Series and PC in day one. "Thanks to all the players who helped us reach this great milestone and congrats to the @BethesdaStudios," Spencer said. Reference Link
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NTDOY TTWO | Hot Stocks12:09 EDT Take-Two's 'Borderlands 3' coming to Switch October 6 - Nintendo (NTDOY) announced that Take-Two's (TTWO) "Borderlands 3: Ultimate Edition" will be releasing for Nintendo Switch on October 6. Reference Link
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GALT | Hot Stocks12:04 EDT Galectin Therapeutics to present data on liver cirrhosis at NASH meeting - Galectin Therapeutics announced today the company will participate in the 9th Edition of the Paris NASH meeting. This year, Galectin Therapeutics, in collaboration with HistoIndex of Singapore, will present a poster on the use of artificial intelligence to better explore the complex histology of liver cirrhosis resulting from NASH and highlight potential differences between lean cirrhotic patients and overweight/obese cirrhotic patients. Pol Boudes, MD, Chief Medical Officer of Galectin Therapeutics, commented: "Artificial Intelligence is an interesting tool that can improve the definition, description, and understanding of architectural changes in the liver tissue of cirrhotic patients. Current histology methods are not precise enough to be clinically relevant to stage the cirrhotic process and, consequently, are not generally used in clinical practice. Conventional histology is also not granular enough and not quantitative enough to evaluate the efficacy of candidate drugs. We are happy to contribute to the scientific progress in this field by sharing our data collected in our previous phase 2 cirrhosis program and by using the innovative technology that our colleagues at HistoIndex have developed."
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ADMP DMK | Hot Stocks12:03 EDT Adamis Pharmaceuticals changes name to DMK Pharmaceuticals - Adamis Pharmaceuticals announced the company changed its name to DMK Pharmaceuticals Corporation in order to better reflect its new strategic focus on advancing small molecules for the treatment of substance use disorders. In conjunction with the name change, the company's common stock is expected to trade under the new Nasdaq ticker symbol "DMK" on or about September 8, 2023. The CUSIP number for the common stock, 00547W307, will remain unchanged. DMK expects several potential significant milestones for DPI-125 by the end of 2024 including: manufacture of a transdermal delivery system; results of a respiratory depression safety study compared to fentanyl; results of a pharmacokinetic study in humans; and results of an abuse liability study compared to current treatments for OUD and pain relief, in each case assuming the availability of adequate funding and no unexpected developments or delays. There can be no assurances that any of these milestones will be achieved or will be achieved within the anticipated time periods.
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EA | Hot Stocks12:02 EDT EA says new 'Madden' set single-week franchise record for digital units sold - Electronic Arts said its latest sports game "Madden NFL 24" set a single-week franchise record for digital units sold, saw a 36% increase in games played and drew more players during week one of launch compared to "Madden NFL 23." "We love seeing more players enjoying Madden NFL 24, and looking at all the ways they are exploring the new gameplay, new modes, and everything about this year's experience," said Mike Mahar, Senior Production Director, EA SPORTS Madden NFL. "NFL Kickoff means a brand new season of world class football competition is upon us, and alongside the big hits and game changing plays each week, our team will be hard at work bringing new content, experiences and improvements based on player feedback via live service updates all season long."
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META | Hot Stocks12:01 EDT Meta falls after rallying earlier, shares down 1% to $295.22
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GM | Hot Stocks12:00 EDT General Motors says 'progressed to more detailed discussions' with UAW - General Motors says the company has "progressed to more detailed discussions in our UAW/GM labor negotiations, and today we put an economic offer on the table to the UAW." For "most employees" at max wage rate, the offer represents a 10% increase in wages, which GM calls "the largest wage increases since the 1999 contract and 67% higher than 2019 and 2015." Reference Link
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MEI | Hot Stocks12:00 EDT Methode Electronics falls -19.0% - Methode Electronics is down -19.0%, or -$5.69 to $24.31.
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PHR | Hot Stocks12:00 EDT Phreesia falls -21.4% - Phreesia is down -21.4%, or -$6.48 to $23.87.
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YEXT | Hot Stocks12:00 EDT Yext falls -25.8% - Yext is down -25.8%, or -$2.34 to $6.74.
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SOXS | Hot Stocks12:00 EDT Direxion Daily Semiconductor Bear 3X Shares rises 8.8% - Direxion Daily Semiconductor Bear 3X Shares is up 8.8%, or 82c to $10.19.
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PATH | Hot Stocks12:00 EDT UiPath rises 9.2% - UiPath is up 9.2%, or $1.49 to $17.71.
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DBI | Hot Stocks12:00 EDT Designer Brands rises 21.4% - Designer Brands is up 21.4%, or $2.22 to $12.60.
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MULN | Hot Stocks11:37 EDT Mullen Automotive files appeal to Nasdaq delisting letter - Mullen Automotive has requested a hearing before the Nasdaq Listing Qualifications Panel to appeal the determination by the Listing Qualifications Department of The Nasdaq Stock Market and request a further extension of time and present its plan to regain compliance with Nasdaq Listing 5550(a)(2). The Staff's determination, which Mullen received on Sept. 6, 2023, indicates that the Company did not meet the Staff's Sept. 5, 2023, deadline to regain compliance with Nasdaq Listing 5550(a)(2) due to the Company's failure to maintain a minimum bid price of $1.00. The requested appeal typically stays any delisting or suspension action pending the issuance of a final decision by the Panel. The Panel has broad discretionary public interest authority, which includes the discretion to grant the Company up to an additional 180 calendar days from Sept. 5, 2023, to regain compliance. The Panel can also exercise that authority to apply additional or more stringent criteria for the continued listing of the Company's common stock or suspend or delist securities. Ultimately, there is no guarantee that the Panel will grant an extension of the compliance period.
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SMFKY WRK | Hot Stocks11:19 EDT WestRock, Smurfit Kappa in talks over key terms of potential combination - Last night, Smurfit Kappa (SMFKY) confirmed that the boards of directors of Smurfit Kappa and WestRock Company (WRK are discussing the key terms of a potential combination to create Smurfit WestRock. The Potential Combination would be expected to involve the creation of a new holding company, Smurfit WestRock. Smurfit WestRock would be incorporated and domiciled in Ireland with global headquarters in Dublin, Ireland and North and South American operations headquartered in Atlanta, Georgia. The Potential Combination would be effected through an Irish scheme of arrangement involving Smurfit Kappa and a merger of a subsidiary with WestRock. Any such combination would result in WestRock shareholders receiving consideration consisting primarily of shares of the Combined Group. Following completion of the Potential Combination: Smurfit WestRock's ordinary shares would be listed on the New York Stock Exchange and the Combined Group would seek U.S. equity index inclusion as soon as possible thereafter. Smurfit Kappa's premium listing on the London Stock Exchange is expected to be cancelled and the Combined Group is expected to list on the standard listing segment. Smurfit Kappa would de-list from Euronext Dublin. The Combined Group would be incorporated and domiciled in Ireland with global headquarters in Dublin, Ireland and North and South American operations headquartered in Atlanta, Georgia. Discussions between the parties remain ongoing regarding the Potential Combination. Smurfit Kappa and WestRock are engaged in a mutual due diligence process. The definitive terms and conditions of any transaction will be set out in a further announcement. Any Potential Combination would be conditional, inter alia, upon the approval by shareholders of Smurfit Kappa and WestRock and receipt of required regulatory clearances as well as other customary conditions. There can be no certainty that the Potential Combination or any other transaction between the parties will be agreed or will occur. This announcement has been made with the consent of WestRock. Further announcements may be made as and when appropriate.
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PPIH | Hot Stocks11:11 EDT Perma-Pipe International announces $8.5M in contract awards - PERMA-PIPE International announces the award of contracts with a combined value of $8.5M in India and the Kingdom of Saudi Arabia. The contracts are for the XTRU-THERM product. Both projects are scheduled to be delivered by the end of Q4 2023.
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VSH | Hot Stocks11:10 EDT Vishay opens manufacturing facility in Gomez Palacio, Durango, Mexico - Vishay Intertechnology has opened a new manufacturing facility in Gomez Palacio, Durango, Mexico, where its initial activity will be mass production of power inductors - small electronic components that store and manage energy for handheld devices, computers, automotive electronics, and in many other applications. The new Vishay La Laguna S. de R.L. de C.V. is an 18,000 square meter, LEED v4-certified facility that will make a significant addition to Vishay's power inductor manufacturing capacity, which already includes production lines in the United States, Israel, and China. At Vishay La Laguna, the company has equipment and production lines set up and is presently conducting the internal and international standards qualifications that will allow Vishay to manufacture commercial product by the end of 2023. Production of Automotive Grade power inductors will follow in 2024.
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FSLR | Hot Stocks11:10 EDT First Solar sees 2024 gross margin 44%-46%, operating margin 34%-36% - Excluding the IRA credit, sees 2024 adjusted gross margin 20%-22%, with adjusted operating margin 10%-12%. For 2025, First Solar sees gross margin 53%-55% and operating margin 45%-47%, with adjusted gross margin 25%-27% and adjusted operating margin 17%-19%. For 2026, First Solar sees gross margin 60%-62% and operating margin 53%-55%, with adjusted gross margin 28%-30% and adjusted operating margin 22%-24%. Comments taken from slides being presented at First Solar's analyst day event.
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FMC | Hot Stocks10:46 EDT FMC calls Blue Orca's short report 'misleading,' shows inaccuracies - Speaking at the Jefferies Industrials Conference, FMC Corporation's EVP and CFO Andrew Sandifer said the company was aware of Blue Orca's short report on the company. "We're aware of the report and are reviewing it... There are inaccuracies, it is fraudulent and misleading," the executive said. Reference Link
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HMC TSLA | Hot Stocks10:43 EDT Honda to adopt Tesla's NACS for charging port starting in 2025 - Honda (HMC) announced that it has reached an agreement with Tesla (TSLA) to adopt Tesla's North American Charging Standard (NACS) for the charging port of its EV models that will go on sale in North America starting from 2025. In 2025, Honda is planning to launch a new EV model in North America equipped with a NACS port. From that point forward, Honda will continue adopting NACS standards for its models, it said, adding that EV models the company will launch in North America before 2025, which will be equipped with a Combined Charging System port, are also being developed to be compatible with the NACS through the use of a charging adaptor.In North America, Honda recently announced that it has agreed to establish a joint venture among seven automakers to build a high-powered charging network for EVs with the aim of building a reliable charging infrastructure. In addition to this initiative, Honda has agreed to adopt the NACS to enable its customers to use Tesla Supercharger stations. Reference Link
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PDD | Hot Stocks10:41 EDT Grizzly says PDD 'a dying fraudulent company,' TEMU app 'hidden spyware' - In a recently published report, Grizzly Research "presents Smoking Gun evidence that PDD Holdings' widely downloaded shopping app TEMU is the most dangerous malware/spyware package currently in widespread circulation." "We strongly suspect that TEMU is already, or intends to, illegally sell stolen data from Western country customers to sustain a business model that is otherwise doomed for failure," the report reads. "TEMU is estimated to be losing $30 per order. Its ad spending and shipping costs (1-2 weeks from China, expedited to U.S. delivery) are astronomical. One is left wondering how this business could ever be profitable." Further, Grizzly says that, "PDD's financials are notoriously unreliable." Shares of PDD have dropped about 6% to $95.55 in Thursday morning trading. Reference Link
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ILMN IEP | Hot Stocks10:33 EDT Icahn expresses 'full support' for Illumina's new CEO - Activist investor Carl Icahn, the Chairman of Icahn Enterprises, tweeted: "I spoke to Illumina's new CEO, Jacob Thaysen. I think he will do an excellent job and he has my full support." Reference Link
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RVYL | Hot Stocks10:33 EDT Ryvyl trading resumes
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MFC | Hot Stocks10:27 EDT Manulife appoints Maryscott Greenwood as global head, government relations - Manulife announced the appointment of Maryscott Greenwood as Global Head of Government Relations, effective October 16, 2023. Ms. Greenwood will focus her advocacy and education efforts nationally and internationally around company interests, enabling new business opportunities, and growing shareholder value. She will serve as a member of the company's Global Leadership Team, reporting to Manulife General Counsel James Gallagher.Most recently she served as the founding partner of Crestview Strategy US LLC, a government relations consultancy based in Washington, D.C.
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RVYL | Hot Stocks10:23 EDT Ryvyl trading halted, volatility trading pause
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SLNA | Hot Stocks10:16 EDT Selina Hospitality launches Grown Global platform - Selina Hospitality announced the launch of Grown.Global, a platform designed to empower remote workers, entrepreneurs, students, and the broader business community. The platform offers a comprehensive array of resources such as courses, services, products, and job boards, all aimed at fostering innovation and personal development globally. Through the strategic partnership that started in November 2022 with TechnoArt, Selina aims to set new standards for entrepreneurship and innovation with its target customers. Grown.Global will serve as a centralized hub where its community can access essential resources for growth and gain visibility through Selina's extensive network. This collaboration provides startups the opportunity to scale concepts by leveraging Selina's global hotel network and marketing capabilities, allowing them to showcase and sell their products across Selina locations worldwide.
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GROM | Hot Stocks10:15 EDT Grom Social Enterprises trading resumes
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ARQQ | Hot Stocks10:14 EDT Arqit Quantum launches Arqit WalletSecure - Arqit Quantum announced the launch of its third application product, Arqit WalletSecure. Arqit sells a core Symmetric Key Agreement Platform-as-a-Service which can be used for any encryption task. This announcement follows the launch of Arqit's first two applications - TradeSecure and NetworkSecure - earlier this year. The third application product WalletSecure makes any Ethereum-based digital wallet used to store and transact digital asset transactions quantum-safe. Arqit believes that the mainstream adoption of digital assets is accelerating and that providing long term security is important to financial services company adoption of digital asset technology. The company hopes to announce initial customers for this product in the next few months. Following Arqit's launch of its new channel partner distribution strategy in December 2022, it has entered into channel partnerships with several major global technology vendors to integrate Arqit's software into their products for general sale to customers. Recently added to the channel partnerships announced in December are Juniper, SecureCloud+ and SNC MS UK. Based on discussions on the Arqit software with certain public sector organisations and public statements on symmetric encryption by various standards bodies it is clear that the need for the use of Arqit's product to generate quantum-safe networking is rising. The company is currently continuing to negotiate a possible disposal of the satellite division with a number of parties, however the outcome of those negotiations remains uncertain. As previously announced beginning in July, Arqit reduced its monthly operating costs to approximately $3.2 million, and has cash and cash equivalents as of August 31, 2023 of $31 million, including proceeds from shares issued under its at-the-market equity offering program.
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APD | Hot Stocks10:12 EDT Air Products to provide oxygen equipment for Jean-R-Marcotte plant - Air Products has been chosen by the city of Montreal to supply oxygen equipment to support an ozone generation site that will remove impurities from wastewater at the Jean-R-Marcotte Wastewater Treatment Plant. Jean-R.-Marcotte treats almost half of Quebec's wastewater before releasing it into the St. Lawrence River. On average, the wastewater treatment plant releases 2.3 million cubic meters of water into the river per day. As part of its agreement with the city of Montreal, Air Products will provide oxygen equipment, including four vacuum swing adsorption oxygen plants, to support the city's new state-of-the-art ozone generation system. The ozone generation system will disinfect the water, removing viruses, bacteria and pharmaceutical products.
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GROM | Hot Stocks10:10 EDT Grom Social Enterprises trading halted, volatility trading pause
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ACFN | Hot Stocks10:10 EDT Acorn Energy announces 1-for-16 reverse stock split - Acorn Energy's Board of Directors has approved a reverse split of its Common Stock at a ratio of 1-for-16. The reverse split is intended to increase the market price of the Company's Common Stock and make Acorn's shares accessible to a broader range of investors, including institutions and those unable to purchase or recommend low-priced stocks.
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OMC | Hot Stocks10:09 EDT Omnicom acquires PLUS Communications, FP1 Strategies - Omnicom announced its public relations division, Omnicom PR Group, has acquired PLUS Communications, a top public affairs firm, and FP1 Strategies, a leading political consultancy. The acquisitions will accelerate growth, expand existing offerings, and further solidify OPRG 's leadership position in public affairs, corporate and political consulting. PLUS Communications was established as a public affairs consulting firm specializing in corporate and crisis communications including coalition building, grassroots mobilization, advertising, digital engagement and media relations. The firm employs more than 200 professionals, including 20 partners with unrivaled experience representing multinational corporations, trade associations and non-profit organizations across a host of industries. PLUS Communications is headquartered in Arlington, VA, with regional offices located in Richmond, VA and Austin, Texas. FP1 Strategies, a campaign advertising and consulting firm serving candidates for public office and public policy organizations, was founded in 2011 by Danny Diaz, Jon Downs and Terry Nelson, with Rob Jesmer joining a year later. The PLUS and FP1 management teams will remain in place, and the agencies will continue to operate under their current brands.
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PTON | Hot Stocks10:07 EDT Peloton adds Peloton Row to product offerings in Canada - Peloton announced the Peloton Row will be available in Canada this holiday season. The addition of Peloton Row will bring a unique low-impact, full-body cardio and strength workout to the existing portfolio of Peloton equipment in the market, including Peloton Bike, Peloton Bike+, Peloton Guide and Peloton Tread. Peloton Row will be in all Peloton Showrooms across the country beginning this month for those who want to trial the equipment, before it is available for purchase. Once on-sale, Peloton Row will be available in all Canadian regions to which Peloton currently delivers.
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CNVS AMZN | Hot Stocks10:05 EDT Cineverse's SCREAMBOX TV launches on Amazon Freevee - Cineverse announced the launch of its popular horror channel, SCREAMBOX TV, on Amazon Freevee.The free ad-supported streaming television channel joins others from Cineverse's portfolio of streaming brands that were previously added to the Freevee line-up, including The Bob Ross Channel, The Dove Channel, Midnight Pulp, the Nacelle Pop Channel, RealMadrid TV and RetroCrush.
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BEAM | Hot Stocks10:04 EDT Beam Therapeutics presents preclinical data on BEAM-302 - Beam Therapeutics reported new preclinical data demonstrating the ability of its in vivo drug candidate, BEAM-302, to directly correct the PiZ mutation, the primary disease-causing mutation associated with severe alpha-1 antitrypsin deficiency. The data are featured in an oral presentation titled "BEAM-302: Targeting AATD Liver and Lung Disease with Base Editing" at the Alpha-1 Antitrypsin Deficiency 2023 Meeting in Naples, Italy. AATD is caused by mutations in the SERPINA1 gene, with greater than95% of severe clinical cases homozygous for the PiZ mutation. BEAM-302 is a liver-targeting lipid-nanoparticle formulation of base editing reagents designed to precisely correct the PiZ mutation, a single-letter genetic error. A one-time A-to-G correction of the PiZ mutation with Beam's adenine base editor has the potential to simultaneously reduce the aggregation of mutant, misfolded AAT protein that causes toxicity to the liver and increase circulating levels of corrected and functional AAT protein, thus addressing the underlying pathophysiology of both the lung and liver disease. Correction is expected to be durable based on preclinical evidence to date. Importantly, because the native AAT gene would be corrected in its normal genetic location, AAT levels would be anticipated to increase in response to inflammation or infection, an important aspect of normal AAT function, which does not occur with currently approved protein replacement therapies. BEAM-302 was evaluated in two preclinical species: an NSG-PiZ mouse model of AATD carrying multiple copies of the human PiZ allele and a novel humanized PiZ rat model developed by Beam scientists in which the normal rat AAT is replaced with human mutated PiZ AAT. Treatment with a single dose of BEAM-302 induced dose-dependent correction of the PiZ mutation. Clinically relevant doses up to 1mpk resulted in correction of up to 39% and 49% of liver DNA in rats and mice, respectively. Relative to pre-dose values, editing with BEAM-302 yielded two-times higher levels of total serum AAT and a 70% decrease in serum Z-AAT in rats. Editing with BEAM-302 yielded four-times higher levels of total serum AAT, and a 90% decrease in serum Z-AAT in mice. Relative to pre-dose values, editing with BEAM-302 yielded two- and three-times higher functional AAT in rats and mice, respectively, as indicated by the increased capacity of serum samples to inhibit human neutrophil elastase. Experiments with research-grade BEAM-302 demonstrated a reduction in toxic liver aggregates, also referred to as liver polymers. These findings support the potential of BEAM-302 to efficiently correct the disease-causal PiZ mutation after a single dose and potentially address both the liver and lung disease associated with AATD. Beam plans to submit a regulatory application for authorization to initiate clinical trials of BEAM-302 in the first quarter of 2024.
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PRFX | Hot Stocks10:03 EDT PainReform to present on PRF-110 at EFIC Congress - PainReform announced that Company has been selected for a poster presentation, titled "Pharmacokinetics and Safety Profiles of PRF-110 in Subjects Following Bunionectomy Surgery," at the upcoming 13th Congress of the European Pain Federation being held September 20-22, 2023 at the HUNGEXPO Exhibition Centre in Budapest, Hungary. The poster will be presented by Professor Eli Hazum, Chief Technology Officer of PainReform, on September 20, 2023. The poster will be available on the EFIC website after the meeting. The poster presentation will provide further details regarding the positive safety and pharmacokinetic (PK) data from the Company's first part of its two-part Phase 3 clinical trial of PRF-110, which enrolled 15 bunionectomy patients at two clinical sites in Texas. PRF-110 was administrated intra-operatively to validate the formulation's safety and confirm optimal product instillation in the surgical wound. PRF 110 was well tolerated, all adverse events were mild, and no serious adverse events were observed. The Phase 3 trial is a randomized, double-blind, placebo and active-controlled, multicenter study to evaluate the analgesic efficacy and safety of intra-operative administration of PRF-110 following unilateral bunionectomy. PRF-110 is an oil-based, viscous, clear solution that is deposited directly into the surgical wound bed before closure to provide localized and extended postoperative analgesia. The upcoming second part of the trial will be a double-blind study, randomizing approximately 400 patients at seven clinical sites in the U.S. and measuring pain reduction by PRF-110 over 72 hours compared with placebo and plain ropivacaine.
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PHR | Hot Stocks10:00 EDT Phreesia falls -18.4% - Phreesia is down -18.4%, or -$5.58 to $24.77.
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YEXT | Hot Stocks10:00 EDT Yext falls -20.1% - Yext is down -20.1%, or -$1.82 to $7.25.
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CHPT | Hot Stocks10:00 EDT ChargePoint falls -28.8% - ChargePoint is down -28.8%, or -$2.03 to $5.03.
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PATH | Hot Stocks10:00 EDT UiPath rises 6.7% - UiPath is up 6.7%, or $1.08 to $17.30.
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SOXS | Hot Stocks10:00 EDT Direxion Daily Semiconductor Bear 3X Shares rises 7.7% - Direxion Daily Semiconductor Bear 3X Shares is up 7.7%, or 72c to $10.09.
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DBI | Hot Stocks10:00 EDT Designer Brands rises 13.8% - Designer Brands is up 13.8%, or $1.43 to $11.81.
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FMC | Hot Stocks09:55 EDT Blue Orca says short FMC following 'recent string of stunning legal defeats' - Blue Orca says it is short FMC Corporation "because FMC has concealed from investors that it has suffered a recent string of stunning legal defeats around the globe that have enabled competitors to now launch competing generics at prices up to 80% below the price of FMC's flagship insecticide product. Contrary to the company's claims, FMC's process patents do not protect its flagship product from generic competition. The dam has broken." Blue Orca further states that, "FMC continues to misrepresent to investors that it will not face generic competition for its flagship diamides when in reality, as a result of devasting recent legal defeats, generics have already launched in key markets of India and China and are on the precipice of launching in Brazil. Our investigation found dozens of legal competitors, many industry heavyweights, who are, right now, manufacturing and selling generic versions of FMC's top selling insecticide product in FMC's most important markets at much lower prices... Given that FMC's patented diamides account for an estimated 60%+ of EBITDA, we expect that a tidal wave of generic competition on FMC's flagship product will crush FMC's revenues and profits while blowing out its leverage covenants. Accordingly, we doubt that FMC will be able to continue to roll commercial paper at absurdly cheap rates and we believe that like Enviva, an investment rating downgrade is likely. Ultimately, we believe that FMC is facing a perfect storm of both falling margins, shrinking revenues and crushing leverage." Shares of FMC have dropped over 2% to $80.32 in Thursday morning trading.Reference Link
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VZ | Hot Stocks09:53 EDT Verizon raises dividend to 66.5c per share - The board of directors at Verizon Communications has declared a quarterly dividend of 66.5c per outstanding share, an increase of 1.25c per share from the previous quarter. The quarterly dividend is payable on November 1 to Verizon shareholders of record at the close of business on October 10. "This is the 17th consecutive year Verizon's Board has approved a quarterly dividend increase. Verizon has 4.2B shares of common stock outstanding. The company made approximately $5.5B in cash dividend payments in the first half of 2023," the company stated. "Our consistently disciplined approach to driving strong cash flow, operating the business, and serving our customers has once again put the Board in a position to raise the dividend. We continue to deliver value to our shareholders as we execute our network-as-a-service strategy," said Chairman and CEO Hans Vestberg.
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AI | Hot Stocks09:47 EDT C3.ai falls -11.8% - C3.ai is down -11.8%, or -$3.73 to $27.73.
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CHPT | Hot Stocks09:47 EDT ChargePoint falls -17.3% - ChargePoint is down -17.3%, or -$1.22 to $5.84.
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YEXT | Hot Stocks09:47 EDT Yext falls -22.4% - Yext is down -22.4%, or -$2.03 to $7.05.
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SOXS | Hot Stocks09:47 EDT Direxion Daily Semiconductor Bear 3X Shares rises 8.6% - Direxion Daily Semiconductor Bear 3X Shares is up 8.6%, or 81c to $10.18.
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WLY | Hot Stocks09:47 EDT Wiley rises 8.7% - Wiley is up 8.7%, or $3.05 to $38.05.
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DBI | Hot Stocks09:47 EDT Designer Brands rises 25.0% - Designer Brands is up 25.0%, or $2.60 to $12.98.
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ACB | Hot Stocks09:45 EDT Aurora Cannabis launches Honour cultivar designed for veterans - Aurora Cannabis announced the launch of Honour, a new cannabis cultivar designed for veterans, by veterans and the second offering from Aurora's Strain for Heroes portfolio. Five per cent of net profits from the sale of Strain for Heroes products will be used to support veteran organizations across Canada. Honour, available under the MedReleaf brand, was selected with direct input from Canadian veterans. Aurora proudly welcomed Canadian veterans to the company's unique research and development facility in Comox, BC, for a firsthand, interactive experience with the cultivation program underway at the site. Honour and Valour strains were chosen from meaningful feedback from the veteran community and aim to provide veterans with the distinct cannabis experience they seek.
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KSCP | Hot Stocks09:44 EDT Knightscope renews contract with Fortune 1000 hotel - Knightscope announces another new deployment and contract renewal for K5 Autonomous Security Robots. A soccer academy and sports complex in Long Island now has a K5 ASR securing its entrance against trespassers and patrolling its parking lot to deter vehicle and catalytic converter thefts. The academy serves children from ages 2-18 as well as a Women's Professional Soccer League team, making it an ideal candidate for an elevated public safety program. A Fortune 1000 hotel and resort chain client renewed its K5 ASR contract in the Seattle area for the second year. Hospitality is a growing segment among Knightscope's clientele.
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DTSS | Hot Stocks09:43 EDT Datasea enters agreements with two new clients for 5G messaging - Datasea announced that Datasea's Chinese operating entity, Shuhai Information Technology, together with Heilongjiang Xunrui Technology, Shuhai Jingwei Information Technology and Guozhong Times have entered into agreements with two prominent new clients: Hainuo Xintong Network Technology and Shenzhen Qiake Technology. These agreements enable Hainuo and Shenzhen Qiake to purchase 5G message virtual recharge cards in various denominations ranging from 10 to 500 RMB over the course of the 12 months of the agreements. In just the few short weeks since the agreements were signed with Hainuo and Shenzhen Qiake, Shuhai Beijing and its subsidiaries have provided 5G messaging top-up services valued at approximately $1.89 million. In addition to the new agreements, our ongoing services to pre-existing clients have generated approximately $1.06 million in revenue providing for the month of August alone.
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KR | Hot Stocks09:40 EDT Home Chef enters exclusive culinary partnership with Tieghan Gerard - Home Chef announced an exclusive partnership with Tieghan Gerard, the acclaimed bestselling cookbook author and creative culinary mind behind Half Baked Harvest. This collaboration is set to captivate home cooks of all kinds, offering a limited-time menu of delicious meals inspired by Gerard's most popular recipes, plus a fall-themed giveaway of Gerard's favorite things.
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DAVE | Hot Stocks09:40 EDT Dave Inc. trading resumes
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FZT FBYD | Hot Stocks09:39 EDT Falcon's Beyond, K11 Group to launch entertainment franchises across China - Falcon's Beyond has announced its debut project as part of its joint venture with Raging Power Limited, an arm of K11 Group, the Hong Kong-based cultural commerce giant. Through their joint venture, these two trailblazers in entertainment and retail, respectively, are expected to collaborate to develop and launch new entertainment franchises and location-based entertainment attractions across China. The new global alliance comes ahead of Falcon's planning to become a publicly listed company on Nasdaq, strengthens its position in the world's second largest economic market, and accelerates the Orlando-based company's global expansion. The joint venture simultaneously solidifies K11 Group's position as one of the world's foremost purveyors of retail entertainment experiences and provides them with co-ownership of attractive IP to launch through LBEs and beyond, including entertainment and consumer products, across China.
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BA | Hot Stocks09:38 EDT Boeing sees negative commercial, defense margins in Q3
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BA | Hot Stocks09:38 EDT Boeing sees slightly negative free cash flow in Q3, FY view unchanged
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RCLF | Hot Stocks09:37 EDT Rosecliff Acquisition Corp I trading resumes
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BA | Hot Stocks09:37 EDT Boeing sees deliveries for 737 at low end of 400-450 range, says CFO
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BA | Hot Stocks09:36 EDT Boeing delivered 22 737s in August, says CFO
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TBTC | Hot Stocks09:36 EDT Table Trac enters agreement with Legendary Waters Resort and Casino - Table Trac signed an agreement to replace a competitor's system with the CasinoTrac casino management system, for the Red Cliff Band of Lake Superior at Legendary Waters Resort and Casino, in Bayfield, Wisconsin.
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BA | Hot Stocks09:35 EDT Boeing CFO: Deliveries master schedule unchanged
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LTUM | Hot Stocks09:34 EDT Lithium Corp. commences drilling at Fish Lake Valley - Lithium Corporation announced drilling has commenced at the Company's Fish Lake Valley prospect in Esmeralda County, Nevada. Morella Corporation, Lithium Corp.'s largest shareholder and Optionee on the prospect, has mobilized a reverse circulation drill to Northern Fish Lake and will "pre-collar" two 200 foot holes. These holes will be cased and cemented to depth to facilitate the later extension of the holes utilizing a core rig. Both holes are eventually slated to be drilled to 1200 feet to test the geophysical conductors at these separate and discrete locations on the east side of the playa, proximal to where boron/lithium enriched brine was produced in the 1800's to recover the boron content. The drill campaign and earlier geophysical ground survey work are part of Morella's bid to earn an initial 60% interest in the Fish Lake Valley project. Morella is also the Optionee on Lithium Corporation's North Big Smoky Carvers prospect in Nye County, Nevada.
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BA | Hot Stocks09:33 EDT Boeing committed to long-term financial targets, says CFO
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BA | Hot Stocks09:33 EDT Boeing in the middle of 'lumpy' recovery, says CFO - Comments taken from the Jefferies Industrials Conference.
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CRKN | Hot Stocks09:32 EDT Crown Electrokinetics completes purchase of micro trenchers - Crown Electrokinetics has placed an order for new micro trenchers which will be deployed with a new customer in Arizona.
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RCLF | Hot Stocks09:32 EDT Rosecliff Acquisition Corp I trading halted, volatility trading pause
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AMTB | Hot Stocks09:30 EDT Amerant Bancorp announces new Broward County regional headquarters - Amerant Bank announced its commitment to a new Broward County Regional Headquarters. The office will be Amerant's 8th physical location in Broward County, on the heels of the opening of its brand new operations center in Miramar, FL. Amerant will occupy the new premises sometime in the second half of 2024. With this new location, Amerant Bank will now have approximately half of its 600 plus member workforce working in Broward County.
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SBEV | Hot Stocks09:30 EDT Splash Beverage enters non-binding term sheet to fund acquisitions - Splash Beverage Group announced it has entered a Term Sheet to fund acquisitions. The Credit Facility will act as a credit reservation agreement for multiple acquisitions and will provide acquisition financing at the current Euribor rate plus 1.5% and will mature in 7 to 10 years depending on each individual acquisition.
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DAVE | Hot Stocks09:30 EDT Dave Inc. trading halted, volatility trading pause
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LUCD PAVM | Hot Stocks09:30 EDT Lucid Diagnostics releases data from first clinical utility study of EsoGuard - Lucid Diagnostics (LUCD), a majority-owned subsidiary of PAVmed (PAVM), announced it has released positive interim data from the multicenter, CLinical Utility of EsoGuard, CLUE, study. This is the Company's first report of prospective data from multiple physicians demonstrating real-world clinical utility of EsoGuard Esophageal DNA testing for the detection of esophageal precancer; and supplements its recently released positive data from a retrospective analysis of EsoGuard's clinical utility in firefighters. "Prospective clinical utility data involving multiple physicians provides the strongest level of evidence to payors, and other stakeholders, that a diagnostic test such as EsoGuard has real-world clinical utility driving appropriate medical decision making," said Victoria T. Lee, M.D., PAVmed's Senior Vice President and Chief Medical Officer of PAVmed, who oversees all of Lucid's clinical research activities. "We designed CLUE to demonstrate to payors that a diverse group of physicians across multiple centers will clinically utilize EsoGuard to appropriately refer at-risk patients with positive results for confirmatory endoscopy, and not refer those with negative results unless another indication for endoscopy emerges. These outstanding interim results in our first 275 patients document that the physicians do make the appropriate referrals, consistent with professional society guidelines. We continue to expand the number of study sites and enroll additional patients in the CLUE study. We plan to release subsequent reports on a larger CLUE cohort along with additional clinical utility data documenting patient compliance with the endoscopy referral following a positive EsoGuard result."
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SPRC | Hot Stocks09:29 EDT SciSparc initiates Phase 2b trial of Tourette Syndrome dandidate SCI-110 - SciSparc initiated its Phase IIb Clinical Trial for its proprietary SCI-110 for the treatment of Tourette Syndrome in Tel Aviv. The objective of this clinical trial is to evaluate the efficacy, safety and tolerability of SciSparc's proprietary drug candidate SCI-110 in adult patients using a daily oral treatment. The patients will be randomized at a 1:1 ratio to receive either SCI-110 or a SCI-110-matched placebo. The primary efficacy objective of the trial will be to assess tic severity change as a continuous endpoint at week 12 and week 26 of the double-blind phase compared to baseline. The primary safety objective of the trial is to assess absolute and relative frequencies of serious adverse events for the entire population and, separately, for the SCI-110 and placebo groups.
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HP | Hot Stocks09:28 EDT Helmerich & Payne joins EIC Rose Rock investor platform - EIC Rose Rock announced Helmerich & Payne is the newest corporate investor partner participating in its platform. H&P joins energy leaders Devon Energy, ONEOK and Williams in investing in startups with technologies that advance energy diversification, improve sustainability, and enhance the operational efficiency of existing oil and gas assets while creating a positive regional economic impact. Spearheaded by Energy Innovation Capital, EIC Rose Rock is a first-of-its-kind initiative that leverages the region's oil and gas heritage to attract, nurture and connect energy technology startups to corporate investment partners for pilot and commercial deployment opportunities to quickly validate and scale the nascent technologies.
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NNDM | Hot Stocks09:26 EDT Nano Dimension shareholders re-elect all director nominees - Nano Dimension announced that following its 2023 Annual General Meeting, Nano shareholders have voted to re-elect Nano's highly qualified director nominees - Dr. Yoav Nissan-Cohen, Col. Channa Caspi and Oded Gera - to the Company's Board of Directors. In addition, shareholders did not approve separate proposals put forth by Murchinson to remove other current directors. In addition, shareholders approved the reappointment of Somekh Chaikin, Certified Public Accountants, as the Company's independent auditor until the next Annual Meeting and have authorized the Company's Board of Directors to determine their compensation until the next Annual Meeting.
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SVFD | Hot Stocks09:25 EDT Save Foods forms Nitrousink subsidiary - Save Foods announced the formation of its majority-owned Israeli subsidiary, Nitrousink. As previously reported by the Company in its current reports on Form 8-K, filed with the Securities and Exchange Commission on July 12, 2023, July 28, 2023 and August 16, 2023, Save Foods executed a stock exchange agreement with Yaaran Investments Ltd., an Israeli company and Nitrousink, a newly formed Israeli company, which pursuant to the Agreement became a majority-owned subsidiary of the Company on August 29, 2023. In accordance with the terms of the Agreement, the Company agreed to fund Nitrousink's research and development and commercialization efforts up to $1.2 million over three years to allow for the expansion and widespread implementation of an innovative technology developed at the Agricultural Research Organization - Volcani Institute, under the leadership of Dr. Dror Minz, PhD in Environmental Microbiology, and the Director of the Institute of Soil, Water and Environmental Sciences at the Volcani Institute. At the forefront of this joint effort is Nitrousink's critical focus on nitrous oxide, a potent greenhouse gas with significant global warming ramifications as N2O emissions are 265 times greater than carbon dioxide. N2O emissions are paradoxically derived from human activities and have skyrocketed by 30% over the past four decades. Recognizing the significance of this challenge and the natural synergy with its current missions through its operations and existing partnerships in the agri-tech space, Save Foods saw the need to actively engage and assist in curbing the impact of human activities on climate change through its share ownership and board representation in Nitrousink as well as financial and other assistance Save Foods currently intends to provide to Nitrousink moving forward.
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JAMF | Hot Stocks09:24 EDT Jamf Holding says more companies using Jamf to consolidate security tools - As companies work to find ways to save money during a fraught economy, more and more companies are turning to Jamf as the only platform that combines Apple management, identity, and security to protect devices and sensitive company data, while simplifying work and preserving privacy for end users. Organizations turning to Jamf are able to save money and resources by consolidating up to 18 different security tools and disparate workflows, including six device management, three identity management, and nine endpoint security tools.
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XOS | Hot Stocks09:23 EDT Xos completes first over-the-air updates across vehicles - Xos announced the successful completion of its first launch of over-the-air updates to its 2023 Xos SV Stepvans. This marks a major milestone in the commercial electric vehicle industry, as full-vehicle over-the-air updates have traditionally been limited to consumer electric vehicles. The 2023 Xos SV Stepvan is the latest in a line of electric commercial vehicles from Xos. It includes a range of improvements over previous models, including the capability for over-the-air updates. This allows Xos to make a variety of updates to the vehicle, including new vehicle features, powertrain tuning, and charging enhancements.
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RPD | Hot Stocks09:22 EDT Rapid7, USF collaborate on cyber training intiative - Rapid announced that the company's proprietary threat data is powering a new research initiative investigating a better way to train cyber operators for maximum readiness. In partnership with the University of South Florida, this effort will be boosted by over $1.5M funding from the Office of Naval Research and the National Science Foundation.
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INDO | Hot Stocks09:21 EDT Indonesia Energy extends Kruh Block government contract for 5 years - Indonesia Energy's joint operation contract with Pertamina, the Indonesian state-owned oil and gas company, covering the Kruh Block has been amended to extend the contract term by 5 years from May 2030 to September 2035. Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia. The amended joint operation contract has the following key terms: the amended contract increases IEC's after-tax profit split from the current 15% to 35%, for an increase of more than 100%. In addition, the amended contract is expected to increase IEC's proved reserves at Kruh Block by over 40%. IEC's anticipated net cash flow calculations based on its Kruh Block development plan are expected to increase by over 200% versus IEC's anticipations under the prior contract. In order to maximize the production at Kruh Block, IEC is in the process of conducting a workover of the existing Kruh-21 well which was drilled in 2015. IEC unexpectedly found evidence of a potential natural gas bearing reservoir with 30 feet net thickness. At present, IEC is in the process of sourcing a suitable rig for the workover of K-21 and K-28 wells which is planned to be conducted in the later part this year. The production from these two wells is anticipated to begin in 2024. After completion and full interpretation of this seismic operations, IEC plans to re-start its continuous drilling campaign at Kruh Block in 2024. IEC still plans on drilling a total of 18 new wells at Kruh Block by the end of 2026.
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GE TXT | Hot Stocks09:20 EDT GE Aerospace selected by Bell for long-range assault aircraft - GE Aerospace (GE)announced the selection by Bell Textron a Textron (TXT) company, for work on the development of a Common Open Architecture Digital Backbone COADB , Voice and Data Recorder, and the Health Awareness System for the Bell V-280 Valor. Following the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) program contract award, the V-280 Valor will enable the U.S. Army and its allies to maintain battlefield superiority including transformational capabilities in speed, range, payload, and endurance. The GE Aerospace systems will be part of an open, scalable, high-speed data infrastructure consistent with the U.S. Army's Modular Open Systems Approach that enables rapid testing, verification, and fielding of mission-focused capabilities for future vertical lift programs. "This is a foundational effort to improve weapon system capability and affordability for the Army by ensuring architectural alignment for integration of new technology," said Ryan Ehinger, senior vice president and program director for FLRAA at Bell. "This collaborative approach provides the Army a vendor-agnostic path to explore new systems and capabilities - delivering soldiers the right tools for success in multi-domain missions."
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VZ | Hot Stocks09:20 EDT Verizon Business says coach-to-coach communications live for 2023 NFL season - The morning of the start of the 2023 National Football League season, Verizon Business today announced that their Managed Private Wireless Solution, coach-to-coach communications is officially live in all 30 NFL stadiums, a major milestone in the co-innovation partnership between the two organizations. This Managed Private Wireless solution was initially piloted during all five international NFL games in the 2022 season, which included deployment and management of the private wireless technology, testing and coordination and in-game operational support and continued this pre-season.
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IMPP | Hot Stocks09:18 EDT Imperial Petroleum enters agreement to acquire two vessels for $71M - The Company also announced that it has entered into an agreement to acquire two tanker vessels, the aframax tanker Stealth Haralambos, built in 2009 and the product tanker Aquadisiac built in 2008, with an aggregate capacity of approximately 163,716 dwt. The aggregate purchase price for these acquisitions is $71 million. Both vessels will be delivered on a charter-free basis by the end of January 2024. The Company expects to finance the purchase price with cash-on-hand. The transaction with affiliates of the Vafias family, was approved by the Company's audit committee comprised of independent directors.
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IMPP | Hot Stocks09:18 EDT Imperial Petroleum announces $10M share repurchase program - IMPERIAL PETROLEUM announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $10,000,000 of the Company's common stock. Shares may be purchased in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time.
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BLNK | Hot Stocks09:18 EDT Blink Charging awarded contract from state of Utah - Blink Charging has been selected as a State Contract Awardee by the Utah Division of Purchasing. The contract prioritizes Blink products and services for government, non-profit, K-12, and higher education agencies in Utah, preparing their properties and facilities for the growing demand for EV charging nationwide.
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PACB | Hot Stocks09:17 EDT PacBio announces collaboration with library preparation automation partners - PacBio announced that automation providers Hamilton, Integra, Revvity and Tecan have created fully automated protocols to prepare samples for sequencing on Revio and Sequel II and IIe systems. "Our goal is to make sample and library preparation easier for our customers," said Jeff Eidel, Chief Commercial Officer at PacBio. "These automated library preparation solutions are designed to help our customers reduce costs, achieve consistent results, and increase sequencing throughput. Combined with our new Nanobind HT DNA extraction workflows, customers will have true end-to-end automated workflows from sample to sequencing on PacBio HiFi long-read sequencing systems that will enable customers to easily scale to thousands of genomes per year. We will continue to focus on scaling and automating every step of the long-read sequencing workflow." Automated library prep protocols are now available for the Hamilton Microlab NGS STAR, Integra Miro Canvas, Revvity Sciclone G3 NGSx and Tecan DreamPrep NGS Compact systems.
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IPX... | Hot Stocks09:17 EDT IperionX to produce titanium plate for U.S. Army testing - IperionX Limited (IPX) has executed a Test Services Agreement and Statement of Work with the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center DEVCOM GVSC . This agreement will focus on the metal characterization and ballistic testing properties of IperionX's high-strength titanium plate components. DEVCOM GVSC may relay the results to select U.S. DoD contractors who are original equipment manufacturers of U.S. Army ground vehicles for consideration in future ground vehicle designs. Known U.S. Army ground vehicle contractor OEMs include: General Dynamics Land Systems, an arm of General Dynamics (GD), BAE Systems he U.S. subsidiary of BAE Systems (BAESY) American Rheinmetall Defense, Oshkosh (OSK) ..The titanium plate for U.S Army ballistic testing will be manufactured using powder metallurgy production methods with IperionX's advanced titanium angular powder. To deliver higher performance and durability, IperionX will also employ its patented Hydrogen Sintering and Phase Transformation technologies, a cutting-edge technique to enhance the microstructure of titanium to deliver strength and fatigue properties that are comparable to wrought titanium alloys.
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AWRE | Hot Stocks09:16 EDT Aware enhances functionality for AwareID solution - Aware announced functionality enhancements to its SaaS-based AwareID solution that make it even more versatile and reliable for businesses and their users. The newly enhanced AwareID platform offers the reliability and robustness of its core services alongside enhanced front-end document capture and processing functionality, ensuring superior ease of use for users. This combination of reliability, trustworthiness, and convenience is crucial for any authentication and document verification process. In addition to backend support and user experience improvements, other AwareID platform updates include new mobile application frameworks, and enhancements in document capture in native SDKs. The newly updated AwareID maintains its world-class verification capability while introducing face identification capability. Optimized for millions of online and offline operations, AwareID now provides value for use cases where businesses want to check an individual against an enrolled repository of users. A business might do this to prevent dual enrollment.
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XELA | Hot Stocks09:16 EDT Exela Technologies adds new customer for XME solution - Exela Technologies signed a new customer for its Marketing Execution solution, or XME. Exela's customer, a large regional healthcare provider, was using multiple vendors for print, promotional products and branded apparel leading to inefficiencies and escalating costs. Exela's XME solution will provide real-time reporting, inventory management, and print-on-demand enabling the elimination of over-inventoried items, reducing the cost of carry on their books and eliminating obsolete materials that needed to be discarded. The TCV of the contract is estimated at $7.5M and will be included in the ITPS segment which generated $765M of revenue in 2022.
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NWS | Hot Stocks09:16 EDT Dow Jones, Cision unveil exclusive global content partnership - Cision has entered into a long-term agreement to distribute News Corp.'s Dow Jones content to Public Relations and Corporate Communications professionals. This new partnership, which is structured to become an exclusive agreement between Dow Jones and Cision, brings together the news and technology to help PRCC customers manage brand reputation, monitor business-critical topics and advance global communication strategies. "This partnership reinforces Dow Jones's commitment to provide the most trusted news, data and analysis to help people make decisions," said Almar Latour, CEO of Dow Jones and publisher of The Wall Street Journal. "By joining forces with Cision, we're expanding the reach of our business news and information that meets our audiences where they are while also furthering our investment in unique, high-quality journalism."
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GLXZ | Hot Stocks09:15 EDT Galaxy Gaming, Konquer enter licensing agreement - Galaxy Gaming entered into a licensing agreement with Konquer to build and deploy Daredevil Poker(R), Emperor's Challenge Exposed, High Card Flush, and High Hand Blackjack in the North American market.
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SNPX | Hot Stocks09:14 EDT Synaptogenix announces findings from independent study on Bryostatin-1 - Synaptogenix announced findings from an independent study demonstrating the potential for Bryostatin-1 as a treatment strategy for amyotrophic lateral sclerosis, also known as Lou Gehrig's Disease. An open access article about the study was published in a special issue of the International Journal of Molecular Sciences titled "Neurodegenerative Disease: From Molecular Basis to Therapy." Under the leadership of Professor Sebastiano Cavallaro, an internationally recognized expert in the genetics of ALS, the study was conducted by scientists at the Institute for Biomedical Research and Innovation and the National Research Council of Italy, in collaboration with the University of Catania. The new article demonstrates that the gene encoding for the enzyme protein kinase C epsilon, the primary initial target of Bryostatin-1, showed an expression level that was significantly reduced in the motor cortex samples taken from a genetically identified population of ALS patients when compared to control patients. Furthermore, in pre-clinical murine motor neurons genetically engineered to model the genetic signature of these ALS patients, there was a significant reduction in the level of activated PKC. Bryostatin-1 treatment of these ALS motor neurons significantly reversed the PKC deficits.
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SRNE | Hot Stocks09:14 EDT Sorrento Therapeutics announces Phase 2a trial results for resiniferatoxin - Sorrento Therapeutics announced Phase 2a top-line clinical trial results for the RTX program. The Phase 2a study follows the positive observations from the Phase 1b/2 trial results of RTX Day 84 patient data, for which Sorrento has completed the one-year follow up for the last patient dosed in February 2021. The phase 2 trial, a multi-center, double blind, placebo- and active-controlled study, assessed the efficacy and safety of several dose groups of RTX to manage pain in patients with moderate-to-severe OAK. Given the durability of OAK pain relief response to RTX demonstrated in earlier phase 1b/2 trials, Sorrento decided to include an active approved comparator in the current trial protocol. Generally, treatment was well-tolerated, with the most common noted AE being pain following topical capsaicin 0.1% given to all patients for blinding purposes and study drug administration in the knee. Very few serious AEs were noted across all dose groups, with one in particular in the 15mcg RTX group being severe/life threatening, which resolved within hours with treatment of pain and no additional intervention. In the cases requiring pain control the dose of opioid was comparable. A few subjects in RTX groups required use of low dose oral opioids for up to 6 hours in some cases of prolonged moderate discomfort/pain. No patient required additional pain control or intervention after 6 hours or in the days following the day of administration and no patient left the clinic with opioids or an opioid prescription. Subject 008-005, a 55-year-old female with a prior history of hypertension and morbid obesity developed elevated blood pressure about fourteen minutes post-RTX dose, which coincided with severe pain. The subject received hydromorphone 0.8 and 0.4 mg IV and then oxycodone 5 mg twice, and the HTN resolved without any other intervention. The HTN did not recur, and the subject's ECG was normal. Discharge blood pressure was 140/74. Sponsor's medical monitor disagreed with the characterization as life-threatening or an SAE as the clinic stay was not prolonged and the HTN required no treatment other than treating the subject's pain. Sponsor also felt that the AE should have been considered a related event The RTX 20mcg dose group performed best among all dose groups, including placebo and approved intra-articular corticosteroid on short-term and prolonged pain relief measures. Although at many time points, RTX 20mcg was statistically significant as compared to the approved drug in this indication active control, we note that the study was not powered to demonstrate statistical significance for all end points listed, with only 120 patients enrolled across 5 RTX dose groups and early terminations due to the Company's previously announced bankruptcy proceedings. Despite the limitations of the study, the results = demonstrate that RTX 20mcg is an effective pain treatment for longer durations, with better score improvements at week 26 and 52 than the current standard of care up to and past week 26. A higher proportion of patients responded to treatment with RTX 20mcg than any other treatment group, including Zilretta. Reduction in pain was also more pronounced with RTX 20mcg than with any other treatment group, including placebo and active control. Durability of treatment was nearly twice as long for RTX 20mcg than active steroid control. In conclusion, we report that the phase 2a OAK study for RTX has met all the primary and secondary objectives for the study. The Phase 2a results were consistent with the prior safety profile of the drug from the previously completed Phase 1 study and has allowed for the potential determination of a therapeutically effective dose for further phase 2 pivotal or phase 3 studies, which is expected to be powered with a sufficient number of patients to provide significantly different results from the controls.
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WOW | Hot Stocks09:14 EDT WideOpenWest to bring its fiber network to several new Michigan communities - WOW! Internet, TV & Phone announced it has begun construction in Michigan to bring its all-IP fiber network to consumers in Livingston, Genesee and Oakland counties in the coming months. The company expects to add more than 80,000 new homes in Michigan, increasing the number of targeted homes passed as part of the Greenfield expansion initiative to 260,000, towards its goal of passing more than 400,000 new homes by 2027. "We know how much our existing Detroit and mid-Michigan customers value the WOW! experience and how much we value our Michigan customers, so we're eager to bring our advanced fiber technology to even more residents and businesses across the Great Lakes State," said Teresa Elder, CEO of WOW!. "We're excited to offer a new choice in broadband providers and deliver the best service and customer experience to more Michigan communities."
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ANSS | Hot Stocks09:12 EDT Ansys announces global partnership with F1 in Schools organization - Ansys entered into a partnership with the F1 in Schools organization to provide CFD simulation solutions for participating student teams representing 58 countries. F1 in Schools creates a positive global impact on F1 and STEM by engaging students of all abilities in engineering competitions, while introducing future workforce skills and inspiring career opportunities.
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SWAG | Hot Stocks09:10 EDT Stran & Company selected for loyalty redemption program - Stran & Company has launched a new loyalty program for a client that has received more than 22,000 orders in the first week of the redemption period, generating more than $2M in sales. Stran's client, an online sports and entertainment company, invests in both customer acquisition and retention initiatives that Stran supports through a combination of physical and experiential rewards designed to drive behavior. The maximum number of orders from this program will be approximately 45,000, for total maximum sales of approximately $4M.
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BALL NVST | Hot Stocks09:10 EDT Ball Corp. CFO Morrison to retire, Yu named as successor - Ball Corporation (BALL) announced that Scott Morrison executive vice president and chief financial officer, will retire from the role after more than two decades with the company. Howard Yu has been named to succeed Morrison as executive vice president and CFO, starting Sept. 25. Morrison will remain with the company as a senior advisor to ensure a smooth transition and in support of the successful completion of the proposed Aerospace transaction. Yu most recently served as SVP and CFO for Envista (NVST), a publicly traded global company and spin-off of Danaher.
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VZ | Hot Stocks09:09 EDT Verizon unveils Mobile Onsite NaaS solution - Verizon has unveiled a new vehicle that brings the full functionality of Verizon's wireless network as well as connected emerging technologies right to enterprise customers' front doors. Called Mobile Onsite Network-as-a-Service, the solution delivers a private network, private mobile edge compute SD-Wan, and satellite connectivity to customer locations. The 10-foot portable trailer was developed with dual-core network capabilities supporting both 4G and 5G standalone functionality. It also provides scalable, reliable 5G and edge compute that can be managed locally by enterprise and public sector customers for enhanced operational flexibility just about wherever they need it. The first deployment of Verizon's Mobile Onsite NaaS is at Lockheed Martin's Waterton, Colorado campus. In a matter of hours after arriving, the entire solution was set-up and had completed testing over a satellite communications connection, demonstrating its ease of use in almost any environment.
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FAT | Hot Stocks09:08 EDT Fazoli's opens in Orlando, Florida - Fazoli's is officially open in Orlando. Located at 4201 E. Colonial Dr., the location is owned by local operator Keys Restaurants Inc., and is now serving up its beloved hot and buttery breadsticks and signature Italian dishes including pasta, subs, salads, pizzas and more.
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ONCT | Hot Stocks09:07 EDT Oncternal Therapeutics announces Prostate Cancer Scientific Advisory Board - Oncternal Therapeutics announced the establishment of its Prostate Cancer Scientific Advisory Board. The Prostate Cancer SAB is comprised of distinguished academic and industry leaders in the prostate cancer field, which will advise Oncternal as it develops its novel dual-acting androgen receptor inhibitor, ONCT-534. The members of the Oncternal Prostate Cancer SAB include: Johann de Bono, M.D., Ph.D. is Regius Professor of Cancer Research, and Professor in Experimental Cancer Medicine at The Institute of Cancer Research, London, and Director of the joint Drug Development Unit at The Institute of Cancer Research and The Royal Marsden NHS Foundation Trust, London. Evan Yu, M.D. is Professor and Section Head of Medical Oncology at the Fred Hutchinson Cancer Center and the University of Washington in Seattle. Scott Dehm, Ph.D. is Professor and Apogee Enterprises Chair in Cancer Research, Department of Laboratory Medicine and Pathology at the University Minnesota, Minneapolis. Gunnar Kaufmann, Ph.D. is Senior Vice President, Chief Scientific Officer and Head of Open Innovation at Kyowa Kirin, Inc., San Diego. Howard Soule, Ph.D. - pro-bono advisor - is Executive Vice President & Chief Science Officer at the Prostate Cancer Foundation, Santa Monica.
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CDIO | Hot Stocks09:07 EDT Cardio Diagnostics, Truckers Health Network enter strategic collaboration - Cardio Diagnostics announced a strategic collaboration with Truckers Health Network, an organization providing health and wellness options to truckers and trucking companies. Truckers are disproportionately affected by heart disease and this partnership marks a significant commitment by both organizations to address the urgent need for heart disease prevention and control among trucking professionals. By combining Cardio Diagnostics' cardiovascular diagnostic offerings, remotely deployable on the road, at offices, and in warehouses, with Truckers Health Network's customized corporate wellness programming, the collaboration aims to exponentially expand the number of trucking professionals and trucking company staff with access to these crucial resources.
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ELOX | Hot Stocks09:04 EDT Eloxx Pharmaceuticals provides updates on ELX-02, ZKN-013 - Eloxx Pharmaceuticals provided an update on the continued advancement of ELX-02 for the treatment of Alport syndrome with nonsense mutations, including additional positive results from its Phase 2 clinical study evaluating ELX-02, as well as an update on ZKN-013. Based on the encouraging clinical results to date, Eloxx has submitted an IND application with the U.S. FDA for ELX-02 for the treatment of Alport syndrome with nonsense mutations. Allowance of the IND will allow for the inclusion of U.S.-based sites in the planned pivotal trial. Biopsy Results from ELX-02 Phase 2 Alport Trial Support Protein Restoration: All three patients treated with ELX-02 in its proof-of-concept Phase 2 open-label clinical trial showed an improvement in podocyte foot process effacement, a hallmark of proteinuric kidney diseases like Alport syndrome. Electron microscopy images of biopsy samples showed an improvement in the glomerular basement membrane and a re-attachment of podocyte foot processes in all treated patients. This confirms protein restoration and the disease modifying effect of ELX-02 and potential for improvement in proteinuria with longer duration of treatment. Podocytes are specialized cells that bind to the glomerular basement membrane and form finger-like extensions called foot processes that enable efficient ultrafiltration. Podocyte injury leads to the effacement of podocyte foot processes and proteinuria in nearly all cases of Alport syndrome. Eloxx previously announced achievement of remission in one patient Eloxx is announcing 3 month post treatment results. The increase in UPCR following withdrawal of therapy confirms likely on-treatment remission in one out of three patients, providing additional evidence of drug activity. As we previously announced, the FDA has cleared the company to begin a SAD trial in healthy volunteers for ZKN-013 for the treatment of recessive dystrophic epidermolysis bullosa and junctional epidermolysis bullosa. Eloxx has since received significant strategic interest in ZKN-013, which the company is actively pursuing. Should these discussions lead to a transaction, it will allow Eloxx to remain focused on fully maximizing the potential of ELX-02 in rare kidney diseases and continue funded discovery efforts on our TURBO-ZM platform.
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HSCS | Hot Stocks09:02 EDT Heart Test Laboratories signs distribution agreement with MedPhy Technologies - Heart Test Laboratories has extended its distribution channel through a new distribution agreement with MedPhy Technologies located in Mumbai, India. MedPhy Technologies will serve as HeartSciences' most recent distributorship fulfilling the role of both importer and distributor. Their network will provide HeartSciences with market representation across India once full product rollout has begun.
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BK | Hot Stocks09:02 EDT BNY Mellon launches Bankify - BNY Mellon announced the launch of BankifySM, an open banking payments solution that helps organizations receive consumer payments from bank accounts, with a seamless user experience and that offers guaranteed funds for business receivables. "Bankify moves the needle for the payments industry in both the depth of the solution and the diverse range of organizations it can support," said Jennifer Barker, Global Head of Treasury Services for BNY Mellon. "Whether you are a merchant looking for cost-efficiencies, a biller modernizing how your customers share banking data, or a brokerage firm wanting guaranteed settlement in order to offer instant use of funds during enrolment, Bankify's account linking experience and settlement guarantee are powerful tools that help an organization's top and bottom lines."
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ATNM | Hot Stocks09:01 EDT Actinium presents updated survival data from Phase 2b trial of Actimab-A - Actinium Pharmaceuticals highlighted updated survival data from its Phase 1b trial evaluating Actimab-A in combination with the salvage chemotherapy CLAG-M in patients with high-risk relapsed or refractory acute myeloid leukemia and new preclinical data with Actimab-A in combination with FLT3 inhibitors at the Society of Hematologic Oncology, SOHO, 2023 Annual Meeting. In addition, results of the completed and positive Phase 3 SIERRA trial of Iomab-B were presented. SOHO Data Highlights: Updated Actimab-A + CLAG-M Phase 1b Study Results: 30-month median Overall Survival in patients with prior venetoclax treatment who proceeded to bone marrow transplant following Actimab-A + CLAG-M; 24-month median OS in all patients who proceeded to BMT following Actimab-A + CLAG-M; 100% measurable residual disease negativity in patients with prior venetoclax treatment and 75% MRD negativity in all patients; 83% of patients had high-risk r/r AML; 57% of patients (13/23) received prior treatment with venetoclax; Patients who relapse after venetoclax treatment have poor survival outcomes with a limited percentage of patients proceeding to BMT. Poster Title: Sequential Salvage Chemotherapy and Lintuzumab-Ac225 in Relapsed/Refractory AML Results in Deep Responses and Prolonged Survival in Adverse Risk Acute Myeloid Leukemia and in AML Patients that Received Prior Venetoclax Therapy. Actimab-A Program Expansion into FLT3 Mutant AML: actimab-A shown to have single-agent cytotoxic activity against FLT3 mutant AML cell lines; The addition of Actimab-A enhances the anti-leukemic activity of FLT3 inhibition of approved FLT3 inhibitors gilteritinib and midostaurin in vitro; FLT3 mutations are associated with aggressive disease with poor outcomes and occur in approximately 30% of patients, making it one of the most commonly mutated genes in AML; Combinations of Actimab-A with FLT3 inhibitors can potentially be explored under Actinium's CRADA with the NCI. Poster Title: Antileukemic Activity of Lintuzumab-Ac225 in Preclinical Model of FLT3 Mutant AML
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BKYI | Hot Stocks08:59 EDT BIO-key joins AWS ISV Accelerate Program - BIO-key International announced its acceptance into the Amazon Web Services Independent Software Vendor Accelerate Program, a co-sell program for AWS Partners that provide software solutions that run on or integrate with AWS. Having joined the AWS Partner Network in June of 2022, acceptance to the Accelerate Program marks a significant milestone in BIO-key's journey to provide advanced biometric security solutions on AWS.
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AGLE | Hot Stocks08:57 EDT Aeglea BioTherapeutics announces 1-for-25 reverse stock split - Aeglea BioTherapeutics announced it will effect a reverse stock split of all outstanding shares of Aeglea's common stock at a ratio of 1-for-25. Aeglea expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Capital Market as of the commencement of trading on September 8, 2023. The reverse stock split was approved by stockholders during the annual meeting of stockholders on June 6, 2023 and by Aeglea's Board of Directors. The reverse stock split is intended to enable the company to meet minimum Nasdaq listing price per share requirements.
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TTC LOW | Hot Stocks08:56 EDT Toro Company, Lowe's announce strategic partnership - The Toro Company (TTC) and Lowe's Companies (LOW) announced a strategic retail partnership through which Lowe's will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories. The Toro product lineup will be available at all Lowe's stores nationwide and online for the spring 2024 selling season. "Our Pro and DIY customers count on Lowe's to have the best selection of outdoor power with the innovation they need and brands they trust," said Bill Boltz, Lowe's executive vice president of merchandising. "The addition of the iconic Toro brand is yet another example of how we are delivering on that promise. Whether for lawn care in the spring or for snow removal in the winter, Toro's reliable products will give our customers the confidence to tackle outdoor projects in any season for years to come. The Toro brand is one more reason to shop Lowe's industry-leading outdoor power selection."
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PYNKF | Hot Stocks08:54 EDT Perimeter Medical Imaging AI provides updates on trial of OCT with ImgAssist AI - Perimeter Medical Imaging AI provided an update on the clinical development of its ongoing clinical trial evaluating the use of Perimeter B-Series OCT combined with its proprietary ImgAssist AI software during breast conservation surgery. Based on feedback from the U.S. Food and Drug Administration, FDA, the Company has reached alignment on key elements of the ongoing clinical trial, including the introduction of an interim analysis, which is expected in the second quarter of 2024. Adrian Mendes, Perimeter's Chief Executive Officer stated, "This positive interaction with the FDA marks an important milestone in our clinical development program. As a first step, we received regulatory approval to implement our substantially enhanced AI algorithm in the ongoing pivotal clinical trial under the existing study protocol, and we have now aligned on other key elements in order to chart a clear path forward for the development of our B-Series OCT with ImgAssist AI." Summary of Clinical Trial Updates : Clearance to introduce enhanced AI algorithm; Enrollment of additional subjects; Introduction of interim analysis within study protocol; Additional clinical trial sites permitted; Summary of anticipated AI improvements
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GDYN | Hot Stocks08:53 EDT Grid Dynamics releases update to Analytics Platform - Grid Dynamics Holdings announced the release of a major update to its already powerful Analytics Platform. Targeted at enterprise clients and focused on LLM-powered data analytics and enterprise-wide data product management, the updated platform provides a solid foundation for the rapid development of analytics use cases and AI solutions.
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CNSP | Hot Stocks08:53 EDT CNS Pharmaceuticals reaches enrollment of 200 patients in berubicin study - CNS Pharmaceuticals announced that 200 of the expected 243 patients have now been enrolled in the Company's ongoing potentially pivotal study evaluating Berubicin for the treatment of recurrent GBM, an aggressive and incurable form of brain cancer. This potentially pivotal, global study of Berubicin is an adaptive, multicenter, open-label, randomized controlled study in adult patients with recurrent GBM after failure of standard first-line therapy and compared to Lomustine as the standard of care. The primary endpoint of the study is Overall Survival, a rigorous endpoint that the FDA has recognized as the basis for approval of oncology drugs when a statistically significant improvement can be shown relative to a randomized control arm. The Company has opened 46 clinical trial sites of the approximately 60 sites selected across the U.S., Italy, France, Spain, and Switzerland. As previously announced, CNS Pharmaceuticals has reached the criteria required by the study protocol to conduct a pre-planned, non-binding futility analysis, which an independent Data Safety Monitoring Board will review to determine whether to recommend continuing the study as planned or modifying the study based on Berubicin showing potential value as a second-line treatment for patients with glioblastoma. CNS Pharmaceuticals previously reported that the Company would conduct this analysis after at least 50% of the patients in the population to be analyzed for the interim analysis had reached the primary efficacy endpoint, as provided for in the study protocol. The DSMB will review the number of deaths in each arm to ensure that the overall survival of patients receiving Berubicin shows at least a statistically significant comparability to those receiving Lomustine. Additional analyses will include comparisons of secondary endpoints, including progression-free survival, response rates, and safety assessments. The Company is confident it will announce the results from the interim analysis publicly before the year end. Enrollment will continue during the interim analysis.
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VRSSF | Hot Stocks08:52 EDT Verses Technologies selected by national U.S. pharmacy retailer - Verses Technology has been contracted to amplify the digital transformation efforts of a national US pharmacy retailer. This multi-year collaboration aims to enhance the US pharmacy retailer's operational intelligence and the efficiency of its existing and newly designed distribution centers. It is expected to progress to a nationwide rollout. Verses will map the US pharmacy retailer's enterprise data into a unified knowledge model, powered by its intelligence platform, KOSM and its WayFinder services that will run simulations in order to more accurately predict and streamline decision-making around purchasing, resourcing, sequencing, routing, and inbound and outbound flow of products.
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RBA | Hot Stocks08:51 EDT RB Global's SmartEquip unveils e-commerce store 2.0 platform - RB Global announced that its subsidiary SmartEquip has released a major enhancement to its digital parts commerce product. The new SmartEquip e-Commerce Store 2.0 platform can help dealers, fleet owners and authorized distributors in the industrial goods industry to set up a branded, digital parts shop quickly and easily. "We were able to listen to customers during the beta program and have introduced a slate of new features based on their feedback," said Matt Ackley, Chief Digital Officer at RB Global. "This is just another example of how we are expanding the scope of our platforms to meet the needs of our customers across the industry."
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TTC LOW | Hot Stocks08:51 EDT Toro Company, Lowe's announce retail partnership - Toro Company (TTC) and Lowe's (LOW) announced a strategic retail partnership through which Lowe's will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories. The Toro product lineup will be available at all Lowe's stores nationwide and online for the spring 2024 selling season. As the leading retailer of outdoor power equipment, Lowe's adds Toro as a market leader in all-season solutions for the outdoor environment.
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SKYX | Hot Stocks08:50 EDT SKYX Platforms announces issuance of three patents for modular platform tech - SKYX Platforms announced the issuance of three new patents in the U.S., Europe and Japan for the Company's plug-and-play, all-in-one smart modular platform technology for ceilings in homes and buildings. The three additional patent issuances cover the smart home and related home safety sensors, bringing the Company's intellectual property portfolio to a total of 72 issued and pending patents, 18 of which are issued patents covering SKYX's advanced and smart technologies.
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CME | Hot Stocks08:50 EDT CME Group announces record ADV in August of 12,291 contracts - CME Group reached record average daily volume, ADV, in August of 12,291 contracts. All of the top five record months for Weekly WTI Crude Oil options have occurred this year. "As global crude oil market participants continue to navigate a number of supply and demand factors, they are turning to our suite of weekly WTI options in record numbers," said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. "Year to date, average daily volume for Friday Weekly WTI options reached a record 9,285 contracts, up 74%, while total combined volume for Monday and Wednesday expirations has already surpassed 100,000 contracts since launching just over a month ago."
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VTOL | Hot Stocks08:49 EDT Bristow Group, Volocopter to bring UAM services to U.S., U.K. - Bristow Group have signed an agreement to explore and develop passenger and cargo services for electric vertical takeoff and landing, eVTOL, aircraft in the U.S. and U.K. As part of this collaboration, Bristow has placed a firm order for two VoloCity aircraft to be delivered after certification with an option to purchase a further 78 vehicles in the future. Both parties will begin immediate cooperation to build a UAM ecosystem that includes regulatory discussions, infrastructure exploration, and local partnership building. The joint development agreement covers the exploration of commercial, operational, and eVTOL aircraft maintenance services, including adaptation of the VoloIQ, Volocopter's proprietary digital platform, to ensure Bristow's efficient future operations.
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PLNT | Hot Stocks08:49 EDT Planet Fitness reports over 3 million high school students in fitness program - Planet Fitness announced that more than 3 million high school students signed up for its High School Summer Pass initiative this year. Teen participants in the program - which just wrapped its third year - logged 14.5 million workouts during a span of three-and-a-half months. High School Summer Pass ran from May 15 - August 31 and invited high schoolers aged 14 to 19 to join and work out for free at any of Planet Fitness' 2,400+ locations across the U.S. and Canada.
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CYDVF | Hot Stocks08:48 EDT Century Lithium obtains provisional patent - Century Lithium reports it has obtained a provisional patent with the U.S. Patent and Trademark Office, U.S. Department of Commerce. The provisional patent is titled System and Method for Extracting Lithium from Clay and Other Materials in a Chloride Solution Using Individualized Pretreatments. The patent pending process encompasses the Company's flowsheet, as developed at its Lithium Extraction Facility in Amargosa Valley, Nevada, USA and protects the Company's intellectual property pertaining to the handling of solutions derived from the treatment of solid materials including clays from the Company's Clayton Valley Lithium Project in Nevada. "Through the excellent work of Century Lithium's team, we have developed a system for lithium extraction which is proprietary to the Company" said Bill Willoughby, President, and CEO of Century Lithium. "Our system incorporates innovations made during our team's work at the Pilot Plant. The provisional patent provides protection of our system and its IP as we move forward with our Feasibility Study."
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YOSH | Hot Stocks08:48 EDT Yoshiharu introduces nine new menu items - Yoshiharu Global announced the launch of nine new menu items which will be available starting from Friday, September 8th across all of its nine store locations except La Mirada, CA. The new menu items are an eclectic array of options supplementary to Yoshiharu's flagship ramen, ranging from seafood-centric bowls, musubis, appetizers, entrees, and an incremental kids' meal offering: Ginger Pork Plate; King Oyster Mushroom; Yoshi Poke Ramen; Yoshi Poke Bowl; Salmon Sashimi Bowl; Tuna or Ribeye Onigiri; Chicken and Korokke Musubi; Chicken Katsu with or without curry; Chicken Katsu Burger Kids Meal
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CNEY | Hot Stocks08:47 EDT CN Energy secures activated carbon order for $1.64M - CN Energy Group announced that its wholly-owned subsidiary, Hangzhou Fulaisen Science and Technology closed on an order for activated carbon totaling RMB 12 million, equivalent to approximately US $1.64 million. Hangzhou Forasen Technology Co., Ltd. was recognized as the preferred supplier. Xinyang Wang, CNEY's Board Chairwoman, commented, "We appreciate the trust of our clientele. We have guaranteed the timely fulfillment of the order, in addition to providing high-performance and reputable activated carbon commodities, along with professional and comprehensive after-sales service. In the meantime, we will continue to pursue additional market opportunities, expand our core market strengths, create value for clients with innovative products and advance the implementation of the corporation's long-term strategy of expanding our client base globally."
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SASI | Hot Stocks08:46 EDT Sigma Additive in LOI to acquire NextTrip in stock deal valued at $48M - Sigma Additive Solutions and NextTrip Holdings announced the signing of a non-binding letter of intent LOI for Sigma's acquisition of 100% of the capital stock of NextTrip in exchange for shares of Sigma common stock constituting 19.99% of its outstanding common stock plus additional shares of Sigma common stock upon the achievement of post-closing milestone earnouts tied to the business performance of NextTrip. The parties have agreed to value Sigma shares for this purpose at 40c per share, giving the total transaction a starting valuation of approximately $48M if all milestones are earned. The transaction, which will be subject to the negotiation and execution of a definitive agreement, will provide the opportunity for NextTrip to become a publicly traded company on Nasdaq. Separately, Sigma announced the signing of a non-binding letter of intent to sell intellectual property assets related to its additive quality assurance product to a strategic buyer. The combination of the acquisition and sale of assets is targeted to maximize shareholder value. NextTrip management believes this transaction will be transformational since, as a public company, NextTrip is expected to have access to additional sources of capital on more favorable terms to fund strategic growth initiatives, as well as the ability to tap into adjacent markets and more efficiently scale existing operations...Following a period of strategic realignment which is tied to certain NextTrip business objectives, NextTrip's potential future initiatives will be focused on driving the company's renewed growth agenda, exploring strategic M&A to drive revenue synergies through the expansion of product and travel consumer offerings, and continuing to invest in the development of innovative technologies to connect travel customers for discovery and booking domestic and international destinations. At closing, NextTrip CEO William Kerby is expected to become CEO of the publicly traded company and NextTrip will have the right to appoint a seat to the board. The transactions are expected to be completed in the fourth quarter of 2023, subject to the negotiation and execution of the definitive acquisition agreement, regulatory and shareholder approvals and other customary closing conditions. In connection with the transactions, Sigma is expected to change its name to NextTrip, Inc. and to be listed on Nasdaq under a new trading symbol reflecting the NextTrip name. Until the NextTrip transaction closes, Sigma Additive Solutions and NextTrip will remain separate, independent companies and will continue to operate as such.
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HBAN | Hot Stocks08:46 EDT Huntington Bancshares invested in Veuu - Huntington Bancshares Incorporated has invested in Veuu to develop artificial intelligence-based solutions to revenue cycle challenges common within the healthcare industry. The investment brings together Huntington's healthcare banking experience and Veuu's AI expertise. "For years, we've heard from our physician and hospital clients about the difficulties they experience with the revenue cycle and limitations to working capital financing, so we decided to team up with Veuu to develop solutions that address the complex root cause: medical coding errors," said Dan Storer, Huntington's senior managing director of healthcare banking. "No single stakeholder in healthcare can solve the downstream consequences like claim denials and expensive financing options-not the providers, payors, government, technology companies or financial institutions. These digital innovations require collaboration and strong partnership, and our relationship with Veuu strategically positions us to be able to tackle many of these challenges."
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FMST | Hot Stocks08:44 EDT Foremost Lithium appoints Bal Bhullar as CFO, Corporate Secretary - Foremost Lithium has appointed Bal Bhullar as its CFO and Corporate Secretary effective September 07. Bhullar succeeds Cyrus Driver who is leaving the company to pursue other interests. Bhullar most recently served as CFO and executive board member at ElectraMeccanica. Pursuant to the provisions of the company's stock option plan, the company intends to grant a total of 155,000 incentive stock options exercisable at $6.60 per share, of which 85,000 will be exercisable for a period of 5 years from the date of grant and 70,000 will be exercisable for a period of 3 years from the date of grant, to certain directors, officers and consultants as incentive for the services provided to the company in accordance with the company's Stock Option Plan and the policies of the Canadian Securities Exchange.
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CRSP | Hot Stocks08:41 EDT Crispr Therapeutics Chairman Rodger Novak stepping down, CEO Kulkarni succeeds - Crispr Therapeutics announced that Rodger Novak, President and Chairman of the Board of CRISPR Therapeutics, has elected to leave the company after nearly a decade of service, effective as of September 15. As of that date, Samarth Kulkarni, CEO, will succeed Novak as Chairman of the Board and will continue serving as CEO of the company.
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LILM | Hot Stocks08:40 EDT Lilium, Saint-Gobain Aerospace partner on windows, windshields - Lilium and Saint-Gobain Aerospace announced a supplier partnership for the development, series production, and customer support of the Lilium Jet's transparencies. The agreement between Lilium and Saint-Gobain Aerospace, which follows extensive collaboration, will leverage advanced solutions to meet the highest aircraft safety requirements and deliver an unparalleled experience for the Lilium Jet's passengers.
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BTDR | Hot Stocks08:39 EDT Bitdeer provides August 2023 operations update - Bitdeer announced its unaudited mining and operations updates for August 2023. During August, the Gedu Datacenter entered full operations with approximately 30,000 mining machines energized. This boosts aggregate electrical capacity by 100MW and adds approximately 3.3EH/s to proprietary hash rate. The company mined 383 Bitcoins through its self-mining business in August, representing annual and monthly increases of 124.0% and 74.1%, respectively. Proprietary hash rate as of August 31 increased by approximately 0.8 EH/s from 7.9 EH/s as of July 31, primarily attributable to the arrival of approximately 7,000 additional mining machines at the company's Gedu mining datacenter in Bhutan. As of the end of August, the Gedu Datacenter's entire 100MW electrical capacity had been deployed.
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INGN | Hot Stocks08:39 EDT Inogen backs FY23 revenue view $315M- $320M, consensus $316.73M - Sergesketter brings over forty years of finance experience in the manufacturing services industry. He brings expertise working across business functions, including with the CEO and Board of Directors, Audit Committee and Compensation and Governance Committee. As part of his role as the CFO of Kimball Electronics, Inc. following its spin-off in 2014 and through June 2021, Mr. Sergesketter led the transformation of the finance and reporting functions to support the newly formed public company, helping to formulate and execute on the strategy that led to global expansion. During his tenure at Kimball Electronics and its predecessors, Mr. Sergesketter had the responsibility for a number of critical finance functions, including SEC reporting, Treasury, Investor Relations, Tax, Financial Planning & Analysis, Internal Audit while playing a leading role in various M&A transactions in the US and abroad. Inogen is reaffirming expectations for 2023 annual revenue of $315Mto $320M and Adjusted EBITDA loss of $20M to $25M for the full year.
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WKHS | Hot Stocks08:36 EDT Workhorse Group begins production of W56 Chassis - Workhorse Group has started production of the chassis for its W56 electric vehicle at the Company's Union City, Indiana manufacturing facility. The W56 is the Company's first fully-designed, purpose-built Class 5/6 model chassis platform built from the ground up. Workhorse expects to begin production of full W56 step vans later in September and to have production quality demo units delivered to major fleets early in the fourth quarter.
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INGN KE | Hot Stocks08:36 EDT Inogen names Mike Sergesketter interim CFO, effective immediately - Inogen (INGN) announced the appointment of Mike Sergesketter as Interim Chief Financial Officer, effective immediately. Sergesketter last served as Interim Chief Financial Officer of the company between December 2021 and March 2022, and previously served as CFO of Kimball Electronics (KE) where he was instrumental in helping to develop and execute the company's globalization strategy while also building a robust finance function to support the company's growth. He succeeds Kristin Caltrider who has stepped down for personal reasons. Ms. Caltrider's decision was not related to any disagreements with the Company or its management on any matters relating to the Company's operations, policies, or practices. The Company has retained a leading executive search firm to help with the search for a permanent replacement.
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CETY | Hot Stocks08:36 EDT Clean Energy Technologies affiliate signs Power Purchase Agreement with VEPP - Clean Energy Technologies announced a 20-year Power Purchase Agreement, or PPA, between Vermont Renewable Gas, a limited liability company affiliated with CETY and VEPP, a not-for-profit corporation that administers two of Vermont's Renewable Energy Programs under contract with the Vermont Public Utility Commission. VRG will exclusively sell all electric power and other related benefits from its 2.2 MW biogas facility in Lyndonville, Vermont, to VEPP. The deal, anchored by the Lyndonville project's anticipated generator availability, is valued at $53M. VEPP will distribute renewable energy and other benefits from the VRG project to Vermont's 17 electric distribution companies.
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AIRS | Hot Stocks08:34 EDT AirSculpt Technologies introduces AirSculpt Lift - AirSculpt Technologies announced the formal introduction of its latest procedure, AirSculpt Lift. In the wake of the FDA's recent warning about the potential side effects of synthetic dermal filler, AirSculpt Lift offers a safe, natural and lasting alternative for anyone who uses synthetic fillers to eliminate wrinkles or restore volume to their face.
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SDA | Hot Stocks08:34 EDT SunCar Technology expands overseas car services - SunCar Technology Group has renewed its one-year overseas airport pickup service agreement with Bank of Communications Limited, the 5th largest bank in China. SunCar's overseas airport service covers 213 overseas airports around the world, including in the United States, the United Kingdom, Canada, Spain, Italy, Japan, and Australia. For elite institutional customers such as BoComm, SunCar is the top choice for value-added services during business travel at home and abroad. With the continued recovery of overseas travel post-COVID, SunCar expects to seize this opportunity to continue expanding its overseas car services.
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RSI | Hot Stocks08:33 EDT Rush Street Interactive launches Prop Central - Rush Street Interactive, which operates the BetRivers and PlaySugarHouse sportsbooks, is launching Prop Central, which presents multiple player prop wagering options in one location. As football converges with the ongoing baseball and soccer seasons - and with basketball and hockey soon to follow - bettors can go to Prop Central to navigate through the menu of prop offers with fewer clicks than ever before. "With the popularity of props betting, we created Prop Central to give RSI's bettors an easier way to navigate and wager on props," said Richard Schwartz, CEO at RSI. "Additionally, Prop Central will provide bettors with continuous pregame and live updates on wagering choices, which will make watching their favorite players and sports even more engaging for our bettors this season."
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HTCR | Hot Stocks08:33 EDT HeartCore Enterprises engages Marushin to license task mining solution - HeartCore Enterprises has signed a deal with Marushin to implement its task mining software solution, Controlio, into Marushin's network of digital systems. Having been in operations for almost six decades, Marushin works within the logistics, licensing and development of towel products in Japan. More recently, Marushin has engaged major studio companies such as Studio GHIBLI, The Walt Disney Company, and Warner Bros. Controlio is HeartCore's task mining tool that captures and records all operations that users perform on their PCs, one operation at a time, and analyzes them appropriately to visualize the details of their operations.
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PALI | Hot Stocks08:33 EDT Palisade Bio announces $2M registered direct offering - Palisade Bio entered into definitive agreements with institutional investors for the purchase of 2,339,398 shares of common stock for gross proceeds of $1,965,094.32 in a registered direct offering. Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for the registered direct offering. Palisade Bio intends to use the net proceeds from the financing for working capital and general corporate purposes. The closing of the offering is expected to take place on or about September 11, 2023, subject to the satisfaction of customary closing conditions.
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CG | Hot Stocks08:31 EDT Acentra Health awarded contract extension for Florida Medicaid - Florida's Agency for Health Care Administration awarded Acentra Health a new five-year contract extending the company's 12 years of work overseeing utilization management services for beneficiaries enrolled in the state's fee-for-service Medicaid program and those receiving select Medicaid Managed Care carve-out services.
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MEDS | Hot Stocks08:31 EDT Trxade Health's Superlatus to expand into pet food market - Superlatus, a food technology and distribution company that recently merged with a subsidiary of pharmaceutical exchange platform provider TRxADE Health, plans to enter the worldwide pet foods market, specializing in plant-based, high-protein foods and snacks. Superlatus will launch the expansion with assorted flavors of baked plant-based treats, then intends to follow with a full offering of veterinarian formulated, plant-based, high-protein full meal offerings. The company is currently in discussion with several major national pet food chains to participate as a launch partner for the products.
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ENSC | Hot Stocks08:30 EDT Ensysce Biosciences to present clinical data at PAINWeek - Ensysce Biosciences is presenting clinical data at PAINWeek, the leading US pain conference, today, September 7, 2023, in Las Vegas, NV. America remains gripped by the opioid epidemic and this is creating another looming crisis: patients deprived of access to medication for severe pain. Ensysce is working to address both crises by developing unique and safer opioid products. Today the Company is presenting their groundbreaking approaches at PAINWeek 2023. This scientific session will explore the latest information on severe pain treatment, the ongoing issues with current products on the market, and examine the safety and effectiveness of two 'Next-Generation analgesics' from Ensysce Biosciences, PF614 and PF614-MPAR. The faculty is comprised of world experts in the field, featuring Dr. Jeff Gudin, a Pain Physician at the University of Miami. The data being presented builds a picture of unique safety combined with powerful pain relief, charting the progress of these drugs in development from animal models to compelling human clinical data. The latest data being presented will highlight the Ensysce approach to reduce prescription drug overdoses, an approach that could herald a first for the industry.
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ADN | Hot Stocks08:29 EDT Advent Technologies secures $2.2M fuel cell deal with U.S. DoD - Advent Technologies Holdings is delighted to announce that its subsidiary, Advent Technologies has secured a new $2.2M contract with the U.S. Department of Defense . This milestone achievement comes under the General Technical Services prime contract titled 'Soldier Tactical Expeditionary Power - Energy Generation Services', and it will play a crucial role in supporting the demanding defense mission requirements of the U.S. Army.This contract is the continuation of a series of past contracts with the U.S. DoD and its primary objective is to further optimize Advent's proprietary Honey Badger 50 portable fuel cell system by integrating the Company's innovative Ion Pair Membrane Electrode Assembly technology. Upon the completion of this new 12-month contract, Advent and the U.S. DoD aim to reinforce their long-term collaboration by focusing on the manufacturing process of the enhanced HB50 fuel cell system, that will enable high-volume production manufacturing capacity. MEAs form the heart of the fuel cell, and their performance determines the lifetime, efficiency, weight, and to a large extent, the cost of the end electrochemistry products. Advent's Ion Pair MEA technology is anticipated to significantly enhance HB50's performance, resulting in higher power density and improved compact packaging, making it an ideal solution for off-grid field applications, including military and rescue operations
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ARQT | Hot Stocks08:29 EDT Arcutis Biotherapeutics' roflumilast cream shows efficacy in atopic dermatitis - Arcutis Biotherapeutics announced interim results from the INTEGUMENT-OLE long-term open-label study of roflumilast cream 0.15% in adults and children ages 6 years and older with atopic dermatitis. In the study, roflumilast cream was well-tolerated, with no new safety signals observed during treatment up to 56 weeks in duration. Efficacy was not only maintained but improved over time, with 46.1% and 51.0% of participants who rolled over from the roflumilast cream treatment arm in INTEGUMENT-1 or -2 achieving validated Investigator Global Assessment-Atopic Dermatitis success. Additionally, in the study, 61.5% and 66.2% of participants who rolled over from the roflumilast cream arm in INTEGUMENT-1 or -2 demonstrated a 75% improvement from baseline in Eczema Area and Severity Index after 28 weeks and 56 weeks, respectively. The long-term study results reinforce the safety profile of roflumilast cream already seen in the short-term INTEGUMENT-1 and INTEGUMENT-2 clinical trials, with no new safety signals observed up to 56 weeks. 3.0% of trial participants discontinued the study due to adverse events. Arcutis intends to submit a supplemental New Drug Application late in Q3 for roflumilast cream 0.15% for the treatment of mild to moderate atopic dermatitis in individuals ages 6 years and older.
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WHLR | Hot Stocks08:29 EDT Wheeler REIT posts Series D redemption forms on website - Wheeler Real Estate Investment Trust posted on its website two forms that any holder of the Company's Series D Cumulative Convertible Preferred Stock is required to complete and return to the Company and its transfer and redemption agent if such holder wishes to request that the Company redeem any or all of such holder's shares of Series D Preferred Stock - with redemptions commencing in October 2023. The referenced two forms are: Holder Redemption Notice; Stock Ownership Statement.
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SOBR | Hot Stocks08:28 EDT SOBRSafe secures first rehabilitation customer Oceanfront Recovery - SOBR Safe has secured its first alcohol rehabilitation customer, Oceanfront Recovery. Based in Laguna Beach, California, Oceanfront has installed SOBRcheck at its headquarters, and has deployed SOBRsure for continuous client monitoring. In addition, Oceanfront President and COO Keenen Diamond has joined SOBRsafe as a Strategic Advisor, helping SOBRsafe gain industry exposure and adoption.
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MULN | Hot Stocks08:26 EDT Mullen Automotive receives delisting determination from Nasdaq, requests hearing - Mullen Automotive received a letter from the Listing Qualifications Department of Nasdaq indicating that the company did not meet the Sept. 5 deadline to regain compliance due to the company's failure to maintain a minimum bid price of $1.00. On Sept. 6, the company requested a hearing before the Nasdaq Listing Qualifications Panel to request a further extension of time and present its plan to regain compliance with Nasdaq. The requested hearing typically stays any delisting or suspension action pending the issuance of a final decision by the Panel. The Panel has the discretion to grant the company up to an additional 180 calendar days from Sept. 5, 2023, to regain compliance. There is no guarantee that the Panel will grant an extension of the compliance period.
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MCHP | Hot Stocks08:25 EDT Microchip launches MPLAB Machine Learning Development Suite - Microchip Technology has launched a complete, integrated workflow for streamlined ML model development with its new MPLAB Machine Learning Development Suite. This software toolkit can be utilized across Microchip's portfolio of microcontrollers and microprocessors to add an ML inference quickly and efficiently.
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TZUP | Hot Stocks08:23 EDT Thumzup surpasses 10,000 paid posts through Adtech platform - Thumzup Media has surpassed 10,000 paid posts on its platform. The news comes on the heels of Thumzup recently announcing its userbase has grown by more than 786 percent this year.
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ARDX | Hot Stocks08:20 EDT Ardelyx reports employee inducement grants - Ardelyx announced that on September 6, 2023, the compensation committee of the company's board of directors granted two new non-executive employees options to purchase an aggregate of 65,828 shares of the company's common stock, and granted three new non-executive employees an aggregate of 39,550 Restricted Stock Units. Each stock option has an exercise price per share equal to $4.73 per share, which was the closing trading price of the company's common stock on the date of grant. The stock options and RSUs were granted as inducements material to each employee's decision to enter into employment with Ardelyx, in accordance with Nasdaq Listing Rule 5635(c)(4). Each stock option vests over four years, with 25% of the shares vesting on the first anniversary of the employee's first date of employment, and the remaining 75% of shares vesting monthly thereafter. Each RSU vests over four years, with 25% vesting on the first company designated quarterly RSU vest date following the first anniversary of the employee's first day of employment and the remaining 75% of shares vesting quarterly thereafter. Each stock option has a 10-year term and each option and RSU is subject to the terms and conditions of the company's 2016 Employment Commencement Incentive Plan and the award agreement covering the grant.
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FDMT | Hot Stocks08:19 EDT 4D Molecular begins enrollment in Phase 2 DME trial, expands Phase 2 AMD trial - 4D Molecular announced that the first patient has been enrolled in the Dose Confirmation stage of the Phase 2 SPECTRA clinical trial evaluating intravitreal 4D-150 in patients with diabetic macular edema or DME, and that a Population Extension cohort has been added to the 4D-150 Phase 2 stage of the PRISM Clinical Trial in wet age-related macular degeneration, or wet AMD. The Phase 2 SPECTRA clinical trial for DME has a primary endpoint of annualized number of aflibercept injections in study eye, with additional endpoints which include incidence and severity of adverse events, changes from baseline in best-corrected visual acuity and central subfield thickness, and percentage of subjects with a greater than or equal to and greater than or equal to Step Diabetic Retinopathy Severity improvement from baseline. PRISM Phase 2 Dose Expansion ) initial interim data is expected in H1 2024, and an update regarding Phase 3 pivotal trial plans for wet AMD is expected in Q1 2024 following initial discussion with FDA in Q4 2023. Initial interim data from the 4D-150 DME Phase 2 Dose Confirmation stage is expected in 2024 and initial interim data from 4D-150 wet AMD Population Extension cohort is expected in 2024.
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WKSP | Hot Stocks08:19 EDT Worksport announces solar panel supply partner for SOLIS - Worksport announced that it has found a solar panel provider for its SOLIS Solar Tonneau Cover. This partner is renowned for their solar panels and underlying technology. A supply partner will help set a new standard in renewable energy tech for vehicles and to provide the most durable and highest quality flexible solar panels. With this supply partner for SOLIS, the Company is demonstrating its unwavering commitment to pioneering sustainable technological solutions. The sample solar panels presented to Worksport and tested in Worksport's SOLIS Solar Cover epitomize resilience and innovation. Adhering to rigorous environmental and structural standards, these panels incorporate high-quality components for extended durability. Designed to withstand wind, water, and direct impact, they showcase versatility and resilience in all tested elements and extreme weather, use case scenarios. Featuring corrosion-resistant structures and a marine-engineered photovoltaic module with a long lifespan, they also boast UV resistance and superior flexibility. This top-tier partner underscores Worksport's dedication to blending excellence with sustainability.
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FVRR | Hot Stocks08:18 EDT Fiverr launches 'Power of Humanity' brand campaign - Fiverr announced its new brand campaign, "Power of Humanity." As the world of work quickly evolves with the rise of AI technology, this campaign recognizes and celebrates the essential role humans (still) play. The new hero ad and OOH placements convey the message that while AI is a powerful tool, it still requires a human touch to make truly inspired work. The "Power of Humanity" brand campaign includes a 60-second hero ad and OOH elements both developed by Fiverr's in-house creative team. With the goal of taking a more optimistic approach to AI and highlighting its potential, Fiverr developed the creative to showcase that AI is not something to fear, but instead embraced and used to elevate work to the next level. This is also supported by recent research.
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CRM | Hot Stocks08:18 EDT Salesforce, McKinsey collaborate for AI-powered growth - McKinsey & Company and Salesforce announced a new collaboration to accelerate the introduction of trusted generative AI for sales, marketing, commerce, and service. This collaboration will bring together Salesforce customer relationship management technologies, including Einstein and Data Cloud, with McKinsey's proprietary AI and data models, assets, and capability building power. Together McKinsey and Salesforce will help companies connect relevant structured and unstructured data to improve customer buying experiences, increase sales productivity, personalize digital marketing campaigns and reduce call resolution time.
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BRO | Hot Stocks08:17 EDT Brown & Brown promotes Mike Bruce to CEO, Europe - Brown & Brown has announced the promotion of Mike Bruce to CEO of Brown & Brown Europe. Mike was formerly the CEO of Global Risk Partners, which was acquired by Brown & Brown in July 2022. In his new role, Mike will lead Brown & Brown's overall European strategy. Mike will work directly with Brown & Brown senior leaders, Barrett Brown, executive vice president; Chris Walker, executive vice president; and Stephen Boyd, executive vice president.
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IBM | Hot Stocks08:17 EDT IBM announces plans for new AI models, enhancements coming to watsonx - IBM announced plans for new generative AI foundation models and enhancements coming to watsonx - its AI and data platform with a set of AI capabilities designed to help enterprises scale and accelerate the impact of AI. These enhancements include a technical preview for watsonx.governance, new generative AI data services coming to watsonx.data, and the planned integration of watsonx.ai foundation models across select software and infrastructure products.
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MGRX | Hot Stocks08:16 EDT Mangoceuticals announces investment in marketing expansion - Mangoceuticals announced its latest investment in a massive marketing expansion to further ignite sales growth through top-tier celebrity-based podcast sponsorship and advertising. This expansion in marketing efforts comes as part of a multi-month campaign with Audacy, an audio content media company, that draws over 200 million monthly listeners across podcasts, streaming audio content, and Over the Air radio stations throughout the United States. The campaign will focus on celebrity podcast marketing and national radio coverage, including live endorsements from some of the hottest audio media personalities and platforms. MangoRx products will feature on: The Monday Morning Podcast with Bill Burr; Fly on the Wall with David Spade and Dana Carvey; The Dale Jr Download with Dale Earnhardt Jr. MangoRx will also be featured on WFAN, the leader in NYC sports radio, and 94.7 FM The Block, a NYC urban audience favorite that pulls in more than 1.1 million listeners each week. The Company looks forward to live endorsements from Shaun Morash on WFAN Sports and Cipha Sounds on 94.7 The Block.
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HRMY | Hot Stocks08:15 EDT Harmony announces U.S. FDA granted Orphan Drug designation to pitolisant - Harmony Biosciences announced that the U.S. Food and Drug Administration, FDA, has granted Orphan Drug designation to pitolisant for the treatment of idiopathic hypersomnia, IH. Harmony is currently evaluating the efficacy and safety of pitolisant in adult patients with IH in the Phase 3 registrational INTUNE study, a double-blind, placebo-controlled, randomized withdrawal study. Topline study results are anticipated in the fourth quarter of 2023 following enrollment completion nine months ahead of plan. "The FDA's decision to grant Orphan Drug designation reinforces our belief in pitolisant as a promising therapy for adult patients with IH, with the unique added benefit of it being a non-scheduled, once-daily treatment option working through histamine to improve wakefulness," said Kumar Budur, M.D., Chief Medical Officer at Harmony Biosciences. "With the completion of enrollment in our INTUNE study nine months ahead of schedule and topline results expected in Q4, this designation is a significant advance in our clinical and commercial development initiatives. We look forward to working closely with the FDA and the broader IH community to address the unmet medical needs of patients living with this condition."
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INTS | Hot Stocks08:14 EDT Intensity receives Orphan Drug Designation for three ingredients in INT230-6 - Intensity Therapeutics announced that the US Food and Drug Administration's Office of Orphan Products Development has granted orphan-drug designation for the treatment of soft tissue sarcoma, STS, to the three active moieties comprising INT230-6, cisplatin, vinblastine sulfate, and the diffusion enhancer SHAO-FA. INT230-6 is the Company's lead product candidate. "The designation of cisplatin, vinblastine and our diffusion enhancer, SHAO for orphan status for STS is quite important," said Lewis H. Bender President and CEO. "The Orphan Drug Designation qualifies us for incentives including tax credits for qualified clinical trials, exemption from user fees and potentially seven years of marketing exclusivity for products containing these three key components should the Company gain approval of INT230-6 for treatment of STS."
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F | Hot Stocks08:14 EDT Ford announces pay increase for 8,000 UAW employees - Nearly 8,000 UAW-represented Ford employees received a substantial raise this Labor Day. On average, these employees now earn $4.33 more per hour, or $9,000 a year. The increase could top $10,000 a year with overtime. The pay hikes were negotiated by Ford and the UAW in 2019 to shorten the time it takes workers to reach the average top wage rate of $32 an hour. Normally, growing into the top wage rate takes eight years, but with this agreement, 8,000 employees reached the top wage rates with as little as four years on the job. The top wage rate differs by the specific type of job an employee does. On average, it is $32 per hour. With this move, 80% of all Ford's UAW-represented hourly employees are now at the top wage rate. Those at the top wage rate are earning higher wages than 90% of all hourly employees in the U.S. auto industry, according to data from the Bureau of Labor Statistics. Permanent hourly manufacturing employees were eligible for the pay increase if they were hired prior to the 2019 contract effective date and were earning at least $24.40 per hour as of Sept. 1. Employees will see the pay increase in their next paystubs. Ford has exceeded its job and investment commitments for the last three contracts, recently creating or retaining 5,600 jobs beyond 8,500 committed and investing $1.4B beyond $6B committed in the 2019 contract. The company converted more than 14,100 employees from temporary employment to full-time permanent roles during the past four years - most of them ahead of schedule - and made all new hourly employees eligible for health care benefits from their first day on the job effective June 13, 2022. Ford launched a $1B five-year plan to upgrade the workplace experience in its plants, starting in 2022, providing better food service, mother's stations, upgraded restrooms and more
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CXM... | Hot Stocks08:13 EDT Sprinklr teams with Google Cloud to unify customer AI experience - Sprinklr (CXM) announced the integration of the Sprinklr AI+ platform with Google (GOOG, GOOGL) Cloud's Vertex AI for unified customer experience management. Sprinklr AI+ gives brands unified generative AI capabilities for customer service, insights, social media management, and marketing that is built with enterprise-level governance, security, and data privacy in the design. Sprinklr customers will be able to bring their own models from Vertex AI, or create new ones, and integrate them with proprietary AI from Sprinklr to drive higher productivity, enable better decision-making, and provide more seamless customer experiences.
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FUV | Hot Stocks08:13 EDT Arcimoto to unveil new variation of MUV at Del Mar Wine + Food Festival - Arcimoto announced it will showcase a new variation of the MUV at the Del Mar Wine + Food festival this weekend, Sept. 9-10. Attendees can experience the custom MUV at the Gwynn Foods . and AleSmith booth #13, located in the Locally Made Zone. The all-new MUV variation, equipped with an enclosed cargo box to house a cold keg, tap system and two tap handles, showcases one of the numerous applications of the vehicle. The all-electric MUV, built on the company's flagship FUV platform, provides optimal performance for industrial, commercial and ground support applications for customers who need to move goods, materials, supplies and equipment reliably, quietly and sustainably.
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INO | Hot Stocks08:13 EDT Inovio announces U.S. FDA Breakthrough Therapy designation for INO-3107 - INOVIO announced that the U.S. Food and Drug Administration, FDA, has granted Breakthrough Therapy designation for INO-3107 as a potential treatment for patients with Recurrent Respiratory Papillomatosis, RRP. "This is yet another important step for INO-3107 and recognition that this first-in-class DNA medicine candidate has the potential to improve the lives of patients with RRP," said INOVIO's President and Chief Executive Officer, Dr. Jacqueline Shea. "As we recently announced, we have been interacting with the FDA with the goal to launch a pivotal trial for INO-3107 in the near term. With this Breakthrough Therapy designation, we look forward to continuing to work with the agency so that we can generate the evidence needed to support approval of INO-3107 as quickly and efficiently as possible, with an ultimate aim to help RRP patients and deliver on the promise of DNA medicine." INO-3107 is an investigational DNA medicine candidate designed to elicit a targeted T cell response against HPV-6 and HPV-11, the HPV types that cause RRP and other HPV-related disease. This Breakthrough Therapy designation for INO-3107 follows receipt of Orphan Drug designation from the European Commission in May 2023 and from the FDA in 2020. INOVIO plans to initiate a pivotal trial of INO-3107 in the first quarter of 2024, subject to FDA clearance. As part of its development efforts, the company has engaged a leading Clinical Research Organization to help run the pivotal trial, as well as key opinion leaders and investigators interested in developing a new treatment option for RRP patients.
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LOW | Hot Stocks08:12 EDT Lowe's renews its multi-year contract with the NFL - Lowe's announced the renewal of its multi-year contract with the NFL for the 2023 season. "With the return of the NFL season, Lowe's wants everyone - whether they're our DIY and Pro customers or NFL stars - to feel equipped to take on home improvement projects and support the communities they love," said Jen Wilson, senior vice president, enterprise brand and marketing. "At the intersection of Lowe's customers and the NFL's ever-growing loyal fanbase, we know there is an audience of first-time DIYers who want to put the sweat equity into their home but don't always feel they have the skills. We are excited to kick off the season with an integrated marketing campaign that continues positioning Lowe's as an empathetic, problem-solving brand that has our customers' backs."
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LGVN | Hot Stocks08:12 EDT Longeveron's ELPIS 1 trial survival data accepted for AHA presentation - Longeveron announced an abstract highlighting long-term survival data from the company's ELPIS 1 trial of Lomecel-B for patients with hypoplastic left heart syndrome has been accepted for presentation as a poster at the upcoming meeting of the American Heart Association, or AHA, to be held in Philadelphia November 11-13. Longeveron previously announced long-term survival data from the ELPIS 1 trial, which showed children in the trial had 100% survival up to 5 years of age after receiving Lomecel-B compared to 20% mortality rate observed from historical control data. Lomecel-B has received Rare Pediatric Disease Designation, Fast Track Designation, and Orphan Drug Designation by the FDA for the HLHS indication.
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HON | Hot Stocks08:11 EDT Honeywell leverages quantum-computing encryption keys - Honeywell announced that it is the first company to integrate quantum-computing-hardened encryption keys into smart utility meters, helping protect end-user data from advanced cybersecurity threats. Honeywell will utilize Quantinuum's Quantum Origin technology to help increase reliability and trust in the digitally transforming utilities sector. "By integrating Quantinuum's quantum-computing-hardened encryption technology into our smart meters, we're advancing data security for our customers and helping to shape the dialogue on how the utility industries should approach cybersecurity in the quantum era," said Hamed Heyhat, President of Smart Energy and Thermal Solutions at Honeywell. "This integration underscores how continuous innovation enables customers to stay ahead of the evolving threat landscape. It is a level of protection that is vitally important in our increasingly digital and interconnected world."
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WIMI | Hot Stocks08:10 EDT WiMi Hologram Cloud developed deep learning-based video recommendation system - WiMi Hologram Cloud announced that it developed a deep learning-based multi-modal video recommendation system. This emerging technology uses advanced algorithms and multi-modal data analysis to provide users with personalized video recommendation services, enabling a whole new world of movie watching for users.
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CMGR | Hot Stocks08:10 EDT Clubhouse Media closes promo deal with Keyshawn Johnson - Clubhouse Media Group finalized a brand promotional deal with Keyshawn Johnson. Johnson had an impressive career, spanning eleven NFL seasons. He was one of only three wide receivers to be taken first overall in the NFL draft. Johnson would go on to be a Super Bowl Champion and three-time Pro Bowler. He played for various teams, ending his career with the Carolina Panthers. Following football, Johnson became a broadcaster for ESPN and one of the co-hosts of the weekday morning debate show "Undisputed" with Richard Sherman, Michael Irvin and Skip Bayless.
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VBIV | Hot Stocks08:10 EDT VBI Vaccines doses first patient in VBI-1901 trial - VBI Vaccines announced the first patients have been dosed in the randomized, controlled Phase 2b study of VBI's cancer vaccine immunotherapeutic candidate, VBI-1901, in patients with first recurrent glioblastoma, or rGBM. The study will assess the safety, tolerability, tumor response rates, and survival following treatment with VBI-1901, as a monotherapy, at 10 leading neuro-oncology centers across the United States.
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PGY | Hot Stocks08:09 EDT Pagaya teams with automotive fintech company Westlake Financial - Pagaya Technologies has announced a partnership with Westlake Financial, an automotive fintech company with almost $24B in assets under management, originating indirect automotive retail installment contracts through a nationwide network of new and used auto dealers...By tapping into Pagaya's innovative tech-enabled credit-analysis platform, the partnership with Westlake will facilitate smarter, more empowered credit decisions that will elevate the car-buying experience, creating more loans for more customers. "Pagaya's credit scoring is very complementary to Westlake's decisioning model," stated Chris Urban, SVP of Risk for Westlake Financial. ..."In an increasingly competitive credit market, Pagaya is helping our partners approve more loans, thereby helping their dealerships sell more cars and trucks. "We're excited to be leveraging Pagaya across more of our dealerships, optimizing the financing experience for car buyers," said Don Hankey, Chairman of the Board of Hankey Group, the parent group of Westlake Financial. "Pagaya's AI technology and two-sided lending network allows us to unlock new opportunities for our team and facilitate seamless transactions, ultimately helping our dealers sell more, and our customers get approved faster
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LDOS | Hot Stocks08:09 EDT Leidos awarded $918M Department of Homeland Security network support contract - Leidos was recently awarded the Homeland Enterprise Information Technology Secure Services and Support, HEITS, follow-on contract to support and enhance the Department of Homeland Security's, DHS, networks. The cost-plus-award-fee, single-award contract has a one-year base period of performance and six one-year options. The contract has a maximum value of $918 million if all options are exercised. "This contract continues our strong relationship with DHS," said Roy Stevens, Leidos Intelligence Group president. "By supporting cross-agency intelligence sharing and secure collaboration for federal and civilian agencies, we'll help DHS accomplish their mission of safeguarding the homeland. Our team will be focused on delivering capabilities like quantum resistant cryptography, artificial intelligence operations, robotic process automation and classified cloud service integration." Leidos will provide program management, operations and maintenance, systems engineering, training, information assurance and classified and unclassified cloud computing capabilities integration and services to DHS. This should enable the continued evolution of the Homeland Secure Data Network and the Classified-Local Area Network.
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ELTX | Hot Stocks08:09 EDT Elicio Therapeutics receives $2.6M grant for two therapeutic cancer vaccines - Elicio Therapeutics has been awarded a $2.6M grant from the GI Research Foundation in Chicago to fund research for two therapeutic cancer vaccines, ELI-007 and ELI-008. This $2.6M grant is an addition to the $2.8M that it awarded Elicio in September 2022. Funds will advance research into ELI-007, a mutant BRAF-peptide vaccine, and ELI-008, a p53 hotspot mutation-peptide vaccine, with the aim of developing multivalent cancer vaccines targeting several mutations. Both vaccines have been designed with Elicio's proprietary lymph node-targeting Amphiphile platform. This additional funding will help support the completion of all manufacturing, regulatory and clinical preparation needed to continue to move ELI-007 and ELI-008 forward. The grant will enable Elicio to pursue initial patient clinical assessment.
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DWAC | Hot Stocks08:09 EDT Digital World Acquisition board extends deadline to complete combination - Digital World Acquisition announced that the Company's Board of Directors extended the date by which the Company has to complete its initial business combination from September 8, 2023 to December 8, 2023. The Extension is the first of four three-month extensions permitted under the Company's Amended and Restated Certificate of Incorporation, as amended, and provides the Company with additional time to complete its initial business combination as determined by the Board.
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ARTL | Hot Stocks08:08 EDT Artelo Biosciences completes Pre-IND meeting with FDA for ART26.12 - Artelo Biosciences announced it has completed a pre-IND meeting with the U.S. Food and Drug Administration regarding the manufacturing, preclinical and clinical development plan for ART26.12. Based on the FDA's feedback, the Company also announced that it plans to file an IND application for the use of ART26.12 in neuropathic pain in the first half of 2024. ART26.12 is a potential first-in-class orally administered Fatty Acid Binding Protein 5 inhibitor drug, initially under development for the prevention of chemotherapy-induced peripheral neuropathy, a debilitating and often treatment-altering side effect of cancer therapy. The FDA reviewed the IND-enabling preclinical data, manufacturing plans, and clinical study protocol synopses, provided guidance, and answered Artelo's questions on the development plan.
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CION | Hot Stocks08:08 EDT Cion Investment extends $60M share repurchase program - Cion Investment announced a one-year extension to its existing $60M share repurchase program through August 29, 2024, under which Cion will continue to support the trading of its common shares and seek to drive long-term shareholder value. The share repurchase program authorizes Cion to repurchase up to $60M of its common shares, of which approximately $37M remains available. Cion had repurchased a total of approximately 2,325,622 of its common shares for an aggregate purchase price of approximately $22M from the commencement of the share repurchase program on August 17, 2022 through June 30.
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NUZE | Hot Stocks08:08 EDT NuZee appoints C.A. Fortune for sales, marketing Stone Brewing coffee products - NuZee announces the appointment of C.A. Fortune, a consumer brands agency based in Chicago, Ill., to spearhead sales and marketing of Stone Brewing specialty coffee products. "C.A. Fortune has an impeccable track record in providing a full suite of sales and marketing services for a wide array of commercial brands across the grocery and specialty foods spectrum," commented Masa Higashida, NuZee's CEO. "They are well versed in helping brands gain distribution in top retailers while also helping to generate awareness across a variety of verticals."
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BDX | Hot Stocks08:07 EDT Becton Dickinson announces collaboration with BD - Navigate BioPharma Services announces a strategic collaboration with Becton, Dickinson and Company, BD, to explore opportunities to develop and commercialize flow cytometry-based companion diagnostics and tools for clinical decisions. The collaboration aims to leverage the complementary expertise and capabilities of both companies to provide end-to-end solutions for pharmaceutical and biotechnology companies developing novel therapies that require companion diagnostics, tests intended to match patients with life-changing treatments, and critical clinical trial applications that utilize flow cytometry. Importantly, this collaboration aims to address a critical gap in the clinical trial field for an integrated solution provider from method development to commercialization.
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ITW | Hot Stocks08:06 EDT Illinois Tool Works announces CEO succession plan - Illinois Tool Works announced a succession plan. Christopher O'Herlihy, currently Vice Chairman of ITW, will become President and CEO and a member of the ITW Board of Directors, effective January 1, 2024. Scott Santi, ITW's CEO since 2012, will step down as CEO and will remain Chairman of the ITW Board until March 1, 2024, at which time he will become Non-Executive Chairman of the ITW Board. O'Herlihy has been with ITW for over 34 years. He was named Executive VP of the company's Food Equipment Group in 2010 and elected Vice Chairman in 2015. He serves on the Board of Directors of Masco Corporation. Santi first joined ITW as a summer intern in 1982. He was elected CEO in 2012 and Chairman in 2015.
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JETMF | Hot Stocks08:06 EDT Global Crossing Airlines enters agreement to finance facility construction - Global Crossing Airlines reached an agreement with Sheltair Aviation for the financing and construction of a new aircraft maintenance facility at the Fort Lauderdale- Hollywood International Airport. GlobalX expects to break ground on this new facility in Q4 2023, occupy the facility in Q2 2025, and to cost approx. $25 million to construct.
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NMIH | Hot Stocks08:04 EDT National MI integrates with Calyx Point LOS - National Mortgage Insurance Corporation is now integrated with Calyx Software's Point loan origination system. The integration enables lenders and brokers to order National MI's real-time, risk-based mortgage insurance through its Rate GPS tool instantly without having to leave the Point platform.
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FULC | Hot Stocks08:04 EDT Fulcrum Therapeutics completes enrollment in Phase 3 trial of losmapimod in FSHD - Fulcrum Therapeutics has completed enrollment in REACH, a Phase 3 clinical trial evaluating losmapimod in patients with FSHD at sites in the United States, Canada, and Europe. Topline data expected in the fourth quarter of 2024. REACH is a Phase 3 multi-center, randomized, double-blind, placebo-controlled trial designed to evaluate the efficacy and safety of losmapimod for the treatment of FSHD. Results reported from the Phase 2b ReDUX4 trial demonstrated slowed disease progression and improved function. Losmapimod has been granted FDA Fast Track designation and Orphan Drug Designation for the treatment of FSHD.
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GNSS | Hot Stocks08:03 EDT Genasys announces $1.6M in LRAD orders from U.S. DOD - Genasys announced new Long Range Acoustic Device orders valued at $1.6 million from the U.S. Department of Defense. These orders will deliver LRAD-1950XLs to the United States Special Operations Command in Europe, LRAD 360-XT mobile communications trailers to the U.S. Navy in Africa, and various spares to Navy units in the United States.
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LSDI | Hot Stocks08:02 EDT Lucy Scientific Discovery acquires High Times IP in all-stock transaction - Lucy Scientific Discovery announces the acquisition of the intellectual property of High Times. This acquisition provides a stream of high-margin licensing and royalty income from the well-regarded High Times, Cannabis Cup, and 420.com brands, including their respective domain names. Lucy will issue 19.9% of its outstanding stock to High Times and make payments semi-annually for the next 5 years based on EBITDA generated from the acquired IP, which can be settled with either stock or cash at Lucy's option. Additionally, Lucy will license the right to operate retail stores and manufacture and sell THC products in the United States back to High Times, in return for a license fee of $1.0M per year, increasing to $2.0M per year upon Federal legalization. The transaction is subject to customary closing conditions and is expected to close within two weeks. Lucy will be acquiring brand rights with plans to monetize the IP through current and planned royalty agreements by further extending and enhancing the existing domestic and international licensing arrangements currently held by High Times, including consumer products and merchandise. The Company intends to preserve the essence of the High Times, Cannabis Cup, and 420.com brands while identifying new avenues for growth and development. The Company expects the acquisition of High Times IP, including the 18 licensing agreements across various product categories it will acquire, to add at least $10M of revenue and $5M of EBITDA to its 2024 results and provide a solid foundation of growth as cannabis becomes legal around the world.
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PHG | Hot Stocks07:59 EDT Philips reaches resolution of U.S. economic loss litigation - Royal Philips announced that the company and certain of its US subsidiaries, including Philips Respironics, have reached an agreement to resolve all economic loss claims in the US Multidistrict Litigation related to Philips Respironics' voluntary recall of certain sleep and respiratory care devices. This settlement, which is expected to be submitted to the US District Court for the Western District of Pennsylvania later today, does not include or constitute any admission of liability, wrongdoing, or fault by any of the Philips parties. The agreement, which is subject to approval by the court, will provide predefined cash awards to all eligible participants in the US depending on the type of device, extended warranties on all replacement devices, and an additional cash award if they return the recalled device to Philips Respironics. The settlement will further compensate certain individuals who acquired replacement devices post-recall. The final cost of the settlement may vary based on, among other things, how many patients participate in the settlement and what the Court awards for the professional fees relating to the resolutions. Philips Respironics has recorded a provision for an amount of EUR 575M in the first quarter of 2023 to cover for the estimated costs of the final settlement. Subject to final Court approval, payments to class members under the settlement are not expected to begin until the first quarter of 2024 at the earliest. The agreement does not settle any personal injury or medical monitoring claims in the MDL, which the Philips parties have moved to dismiss.
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J | Hot Stocks07:57 EDT Jacobs to manage ITS for Florida's turnpike - Jacobs was selected to operate and maintain Intelligent Transportation Systems, ITS, and manage traffic operations for Florida's Turnpike Enterprise, a division of the Florida Department of Transportation. Jacobs will operate, manage and maintain more than 500 miles of ITS-connected roadway infrastructure across the state. Under the five-year, $28M contract, Jacobs will deliver a broad range of engineering, monitoring and support services. Jacobs also will manage contingency plans and response for emergencies and weather events and work with Florida's Turnpike Enterprise to consider and evaluate advanced data systems to improve safety and mobility on the transportation network.
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PTN | Hot Stocks07:48 EDT Palatin completes enrollment in Phase 3 MELODY-1 study of PL9643 - Palatin Technologies announced that enrollment in the PL9643 MELODY-1 Phase 3 study in dry eye disease is complete, with 570 patients enrolled. The Company is on track to release topline results by the end of the fourth quarter of calendar year 2023. "We are committed to addressing unmet needs of DED patients. We believe that PL9643, with its novel mechanism of action and differentiated product profile for efficacy, safety and ocular tolerability, if approved, will be a first-in-class treatment option for the millions of patients who suffer from DED," said Carl Spana, Ph.D., President and CEO of Palatin. "We are optimistic about results of the Phase 3 PL9643 data based on the positive interim analysis and are pleased to have completed enrollment so promptly. I thank the patients, investigators, clinical site staff, and our employees for achieving this important milestone." Topline data for the PL9643 MELODY-1 Phase 3 Study is anticipated by the end of the fourth quarter of calendar year 2023.
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MGDPF | Hot Stocks07:40 EDT Marathon Gold provides update on Valentine Gold Project infrastructure work - Marathon Gold provided an update on construction at the Tailings Management Facility of the Valentine Gold Project. Construction of the TMF commenced with grubbing of the site during the fall-winter of 2022-2023. At September 3, TMF progress was as follows: approximately 78% of Phase 1 dam foundation preparation was completed with subgrade approval by the engineer of record; 230,000 m3 of topsoil and unsuitable overburden has been removed and 110,000 m3 of Zone 6 rockfill has been placed to date; and more than 16,500 tons per day of construction waste rock mined from the Leprechaun and Marathon Pits in August in support of ongoing TMF construction. Construction of the Phase 1 and 2 dam foundation is expected to be completed by October 2023, whereupon construction of the Phase 1 and 2 embankment which consists of placement and compaction of Zone 6 rockfill is scheduled to commence immediately and continue through the winter months. Installation of the Phase 1 and 2 geomembrane liner is scheduled to commence in May 2024. Completion of the filter layers and upstream embankment slope is scheduled for June to August 2024. Phase 1 of the TMF is on schedule for wet commissioning in Q4 2024 in support of mill commissioning and first gold in Q1 2025.
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ARWYF | Hot Stocks07:39 EDT ARway.ai secures contract with Suleyman Demirel Universitesi - ARway.ai announces a newly signed contract with Suleyman Demirel undefinedniversitesi situated in Isparta, Turkey. The university currently has approx 70,000 students enrolled, making it the second-largest academic institution in Turkey. This new contract has two phases with phase one starting at around $10,000 and phase two worth six figures annually.
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NFYEF | Hot Stocks07:38 EDT NFI Group says New Flyer is partner of choice in over $207M grant awards - NFI Group announced that its subsidiary, New Flyer of America, is the partner of choice in over $207 million in competitive grant awards through the Federal Transit Administration's 2023 Low- or No-Emission and Buses and Bus Facilities programs. This is New Flyer's best Low-No and BBF performance to date and shows significant improvement over the $41 million in grants from 2021 and the nearly $200 million in grants from 2022.
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SPNS | Hot Stocks07:36 EDT Sapiens announces a tier-1 bank in South Africa is extending its relationship - Sapiens International announced that a tier-1 bank in South Africa, a long standing customer of Sapiens, is extending their use of Sapiens CoreSuite for Life & Pensions to launch their Group Risk proposition. "We are proud that the bank chose to expand its relationship with Sapiens because of their trust in our established track record and our live customers in the region," said Roni Al-Dor, Sapiens CEO and President. "Our focus on speed to market for a quick product launch perfectly fit the needs of the bank."
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DPRO | Hot Stocks07:36 EDT Draganfly appoints Tim Dunnigan to advisory board - Draganfly announce that Tim Dunnigan has been appointed to Draganfly's Advisory Board to help lead Company's initiatives for the new Pentagon Replicator program. The Pentagon unveiled a new initiative named Replicator, aimed at deploying affordable and autonomous systems in various domains over the next two years to enhance its competitive edge with China. This initiative stands to benefit Draganfly through increased demand, expanded business prospects, potential technology advancements, research and development collaboration, global recognition, and economic growth. Tim Dunnigan's background includes 22 years of dedicated service in the U.S. Army, where he held various leadership roles and completed multiple combat tours of duty.Tim is the CEO and Founder of CaptureTec.
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XAIR | Hot Stocks07:35 EDT Beyond Air and Getz Healthcare partner to market LungFit PH in Asia-Pacific - Beyond Air has entered into an agreement with Getz Healthcare to commercialize the LungFit PH device in certain countries across the Asia-Pacific region, pending regulatory approvals. Under the terms of the agreement, Getz Healthcare will make a milestone payment to Beyond Air following CE mark certification of LungFit PH in the European Union. CE mark certification in Europe provides a pathway to approval in certain countries across the Asia-Pacific region. In addition, Beyond Air will receive ongoing royalty payments based on net sales of LungFit PH. The partnership provides access to hospitals in Australia, New Zealand, Thailand, Philippines, Taiwan, Hong Kong, Malaysia, Pakistan, Singapore and Vietnam. Getz Healthcare will manage the logistics, sales, service, and maintenance process in each of these countries where they have extensive experience with medical device distribution and hospital sales.
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MREO | Hot Stocks07:35 EDT Mereo BioPharma expects cash to fund requirements into 2026 - The Company's guidance remains unchanged at this point, and it continues to expect that its existing cash and short-term deposits will enable it to fund its currently committed clinical trials, operating expenses and capital expenditure requirements into 2026.
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JNVR | Hot Stocks07:34 EDT Janover appoints Bruce Rosenbloom as CFO - Janover appointed Bruce Rosenbloom as CFO, effective September 07. Rosenbloom assumes the responsibilities formerly held by Patrick Stinus, Senior VP and Interim CFO, who resigned from his position with the company effective September 6. Rosenbloom most recently served as the CFO and Treasurer of PetMed Express. Prior to that, Rosenbloom was also a senior audit accountant for Deloitte & Touche, where he was responsible for planning and conducting all aspects of audit engagements for clients in various industries.
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SUM CMTOY | Hot Stocks07:33 EDT Summit Materials to combine with Argos USA in transaction valued at $3.2B - Summit Materials (SUM) announces it has entered into a definitive agreement with Cementos Argos (CMTOY) under which Summit will combine with Argos North America, the U.S. operations of Cementos Argos in a cash and stock transaction valued at $3.2 billion. Argos USA is among the largest cement producers by total installed capacity in its areas of operations, which include the Southeast, Mid-Atlantic, and Texas. With its asset footprint comprising four integrated cement plants, approximately 140 ready-mix plants and eight ports, Argos USA's portfolio is well positioned to capitalize on positive demand drivers across public infrastructure, residential, and commercial end-markets. Under the terms of the agreement, which has been unanimously approved by both companies' Boards of Directors, Cementos Argos will receive approximately 54.7 million shares of Summit stock and approximately $1.2 billion in cash, subject to closing adjustments, valuing Argos USA at approximately $3.2 billion based on Summit's closing share price of $36.00 as of September 6, 2023. Cementos Argos will own approximately 31% of the combined company on a fully diluted basis upon the closing of the transaction.
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SUM | Hot Stocks07:32 EDT Summit Materials, Cementos Argos combine in transaction valued at $3.2B - Cementos Argos announced it has entered into a definitive agreement with Summit Materials under which the U.S. operations of Cementos Argos, Argos North America Corp, will combine with Summit in a cash and stock transaction valued at $3.2B. Cementos Argos will achieve a strategic objective of acquiring a substantial equity stake in a New York Stock Exchange listed company through its 31% ownership stake in Summit. This combination unlocks estimated annual synergies of approximately $100 million per year, derived from optimized sourcing, enhanced operational efficiency, increased utilization of the import terminals' network, and an augmented asset base to increase the use of alternative fuels. The transaction is subject to antitrust regulatory approval, approval of Summit's shareholders, and other customary closing conditions. Both Summit and Argos North America will continue to operate independently until the necessary legal and regulatory approvals are met.
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GAME SSNLF | Hot Stocks07:27 EDT GameSquare partners with Samsung Electronics UK & Ireland - GameSquare unveils details of the successful gaming activation the company led for the launch of Samsung's new Galaxy Z Fold5. The campaign, which is now underway through September 30th, is anchored by an immersive experience that takes place in the "Samsung Galaxy" - a bespoke Fortnite world that was developed by GameSquare to authentically engage the UK gaming audience. GameSquare used Unreal Editor for Fortnite to conceptualize and create the custom built experience and competition for Samsung. Set against a celestial backdrop, the "Only Up!" themed speedrun taps into the trend of vertical games that have dominated the gaming landscape in recent months, both highlighting the unbeatable performance of the Galaxy Z Fold5's advanced processor offering optimized battery life, advanced cooling, and longer gaming sessions as well as the ultimate portable big screen - with huge vibrant displays to bring this experience to players on the go. The Into The Fold experience, which is creatively inspired by "galaxy" and "folding" themes, has already been played by over 25,000 gamers. The initial launch garnered over 2 million views.
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ALNY | Hot Stocks07:26 EDT Alnylam KARDIA-1 zilebesiran study met primary endpoint for hypertension - Alnylam Pharmaceuticals announced that the KARDIA-1 Phase 2 study of zilebesiran, an investigational RNAi therapeutic targeting liver-expressed angiotensinogen AGT in development for the treatment of hypertension, met the primary endpoint demonstrating a dose-dependent, clinically significant reduction in 24-hour mean systolic blood pressure measured by ambulatory blood pressure monitoring at Month 3, achieving a placebo-subtracted reduction greater than 15 mmHg with both 300 mg and 600 mg doses. The study also met key secondary endpoints including significant change in 24-hour mean SBP as measured by ABPM at Month 6, as well as significant change in office SBP at Month 3 and Month 6, for all zilebesiran arms, compared to placebo. The study results indicate zilebesiran was associated with dose-dependent, potent and durable knockdown of serum AGT levels through Month 6. Zilebesiran also demonstrated an encouraging safety and tolerability profile that the company believes supports continued development. These findings of robust and tonic blood pressure control will help determine the optimal dose and regimen of zilebesiran for future studies. "As a physician, I believe these KARDIA-1 results, which demonstrate clinically significant reductions in systolic blood pressure of greater than 15 mmHg, along with the ability to achieve durable tonic blood pressure control, provide hope that we may one day have access to a novel therapy with the potential to address the significant unmet needs of patients with uncontrolled hypertension who are at high risk of future cardiovascular events." Zilebesiran demonstrated an encouraging safety and tolerability profile. The primary endpoint is the change from baseline in SBP at Month 3, assessed by 24-hour ABPM. Key secondary and exploratory endpoints in this study include additional measures of blood pressure reduction at six months, time-adjusted change in blood pressure, and change in daytime average and night-time average blood pressure. "We are thrilled that the KARDIA-1 Phase 2 results show zilebesiran's ability to achieve sustained blood pressure reductions of greater than 15 mmHg, as well as long-term efficacy out to six months with infrequent dosing. We believe these results further validate the differentiated profile we observed in Phase 1. Moreover, they reinforce the potential for zilebesiran to be a transformative therapy to reduce cardiovascular risk in patients with hypertension and to offer new possibilities in a field of medicine that has seen limited innovation in nearly 20 years," said Simon Fox, Ph.D., Vice President, Zilebesiran Program Lead at Alnylam. " The KARDIA-2 Phase 2 study of zilebesiran used in combination with one of three standard classes of anti-hypertensive medications completed enrollment in June 2023. Topline results are expected in early 2024.
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RNLX | Hot Stocks07:26 EDT Renalytix appoints Howard Doran as Chief Business Officer - Renalytix appointed Howard Doran as Chief Business Officer, effective September 1. Doran's primary responsibility will be leading the KidneyIntelX global sales effort. Doran served as LipoScience's President and CEO until successful completion of LabCorp's acquisition of the company in November 2014. Preceding LipoScience, Doran was President and COO of Constitution Medical, an early-stage in vitro diagnostics company and developer of the Bloodhound Fully Integrated Hematology System, acquired by Roche Diagnostics in July 2013. Prior to Constitution Medical, Doran was a member of the senior executive team of Hologic and served as President of Hologic's Global Diagnostics business. Doran had been serving as Senior VP and Business Unit Director of Cytyc's in vitro diagnostics business. From 1997 through 2007, he was a member of the management team of Cytyc Corporation.
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SGNLF | Hot Stocks07:25 EDT Signal Gold initiates drilling at Dolliver Mountain Gold Mine - Signal Gold has initiated drilling at the past-producing Dolliver Mountain Gold Mine to the west of the Goldboro Mineral Resource based on encouraging results of a 14-line kilometre Induced Polarization geophysical survey at the Goldboro Project in Nova Scotia. The IP Survey, part of a broader 50-line kilometre IP Survey started in 2022, demonstrates that the chargeability response coincident with the Goldboro Deposit continues westward for at least 1.4 kilometres through the past producing Dolliver Mountain Gold Min. This is especially encouraging as the discovery of gold mineralization up to 325 metres to the west of the Goldboro Deposit announced in February 2023, which includes intercepts of 20.59 g/t Gold over 3.0 metres and 7.29 g/t Gold over 2.5 metres, demonstrated that increased gold mineralization and alteration is coincident with the targeted IP chargeability and Very Low Frequency trends. Based on these geophysical results, drilling has started at the past-producing Dolliver Mountain Gold Mine which was historically mining the same anticlinal structures as the Goldboro Deposit. "Signal Gold is excited to commence drilling to the west of the Goldboro Deposit by the historic Dolliver Mountain Gold Mine as part of our ongoing 12,000 metre diamond drill program, the Company's largest ever growth exploration program. The initial phase of the geophysical survey and recent drill results confirmed that the structure, alteration, and gold mineralization associated with the Goldboro Deposit continues to the west and the most recent results demonstrate that the chargeability response associated with the Goldboro Deposit continues through the past producing Dolliver Mountain Gold Mine. The best location to find a gold deposit is next to an existing deposit or in the shadow of a head frame - this opportunity meets those criteria and is associated with a clear and encouraging IP Survey. Armed with this knowledge, we have initiated drill testing in the Dolliver Mountain area with the aim of further demonstrating the significant opportunity to expand the near surface mineral resources at Goldboro and continue to demonstrate the scale potential of the emerging Goldboro Gold Camp." Kevin Bullock, President and CEO, Signal Gold Inc.
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NB | Hot Stocks07:23 EDT NioCorp delivers advance notice under Standby Equity Purchase Agreement - NioCorp Developments has delivered a written notice pursuant to the previously announced Standby Equity Purchase Agreement, dated January 26, 2023, requesting the purchase of 70,000 shares of the Company's common shares, without par value. The Company has elected an Option 2 Pricing Period. Subject to the satisfaction of certain conditions contained in the Standby Equity Purchase Agreement, the Advance Shares will be issued at a purchase price equal to 97% of the daily volume-weighted average price of the Common Shares on The Nasdaq Stock Market as reported on Bloomberg Financial Markets during a pricing period of three consecutive trading days commencing on the date hereof. The Company expects the issuance and sale of the Advance Shares will close on or about September 11, 2023.
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AXSM | Hot Stocks07:23 EDT Axsome Therapeutics to present data from central nervous system therapies - Axsome Therapeutics announced presentations of data from its CNS portfolio at the 2023 U.S. Psych Congress in Nashville September 6-10. The presentations will include eight posters with data and analyses which examine the effects of Auvelity on sleep quality and cognitive and physical functioning in patients with major depressive disorder, and the effects of Sunosi on cognition in patients with excessive daytime sleepiness due to obstructive sleep apnea. Five of the eight posters are finalists under consideration for the Psych Congress Poster Awards. Key highlights include: data examining durability of efficacy and tolerability with long-term - up to 12 months - treatment with Auvelity in patients with MDD, including measures of depressive symptoms, anxiety, and cognitive and physical functioning; data examining the effect of Auvelity on depression-related disability, and patient-reported measures of insomnia in patients with MDD; data examining treatment effect sizes of Sunosi in patients with EDS associated with narcolepsy and OSA; data examining the effects of Sunosi on cognition in patients with EDS and OSA.
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RHHBY ALNY | Hot Stocks07:22 EDT Roche, Alnylam report Phase 2 KARDIA-1 study of zilebesiran met primary endpoint - Roche (RHHBY) and Alnylam (ALNY) announced that the Phase 2 study KARDIA-1 of zilebesiran, an investigational RNAi therapeutic targeting liver-expressed angiotensinogen, met the primary endpoint. Zilebesiran demonstrated a clinically significant reduction in 24-hour mean systolic blood pressure at month three, achieving a placebo-subtracted reduction greater than 15 mmHg with both 300 and 600 mg doses. The study also met key secondary endpoints showing consistent and sustained reductions of SBP at six months supporting quarterly or biannual dosing. In addition, the study showed that zilebesiran was associated with a potent and durable reduction of serum AGT levels through month six while demonstrating an encouraging safety and tolerability profile. The topline results of KARDIA-2 are expected in early 2024, the companies noted. "These early results indicate the potential for zilebesiran to achieve sustained blood pressure reduction with quarterly or biannual dosing. Also, these data underscore the potential of this investigational medicine to provide transformative impact for many people living with uncontrolled hypertension," said Levi Garraway, M.D., Ph.D., Roche's Chief Medical Officer and Head of Global Product Development. Earlier this year, Roche entered the partnership with Alnylam to co-develop and co-commercialise zilebesiran. The KARDIA study program also includes the Phase 2 study KARDIA-2 of zilebesiran used in combination with one of three standard classes of anti-hypertensive medications which completed enrollment in June 2023.
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HBI GIII | Hot Stocks07:21 EDT Hanesbrands G-III Apparel in licensing pact for Champion & C9 outerwear - HanesBrands (HBI) and G-III Apparel Group (GII) announced they have entered into a strategic multi-year license agreement for the design, production and distribution of outerwear for the Champion and C9 Champion brands in North America, including exploring opportunities across Champion's global network as a key partner. "We are thrilled to work with G-III's team of world-class experts in expanding and elevating iconic brands, making them a powerful partner as we grow Champion globally," said Vanessa LeFebvre, President, Global Activewear. "G-III's proven track record in category expansion and their best-in-class global infrastructure will enable us to reach a wider consumer base who already are, or will soon become, loyal to the Champion brand for generations. Champion is an inspirational lifestyle brand born from sport with a vision to be defined not by what we make, but by what we do. This partnership creates a significant opportunity to leverage G-III's expertise in the outerwear category and their diversified distribution network, which will enable us to extend our offerings and support the brand's lifestyle proposition."
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AMLI | Hot Stocks07:20 EDT American Lithium continues to refine TLC PEA flow-sheet - American Lithium announces results of on-going process work on TLC claystones aimed at continued improvement and optimization of all phases of the chemical process to produce lithium carbonate. Optimization work focused on leaching conditions and lithium recovery, minimizing lithium losses during neutralization and magnesium sulphate crystallization, and on increasing the LC purity in the precipitation stage. Highlights: LC purity increased to 99.59%; Lower leach temperature of 50 degrees C, with continued high lithium extraction rates; Significant potential for lower acid consumption; Potential for lower lithium losses during impurity removal; Further optimization work continues to refine flow-sheet for PFS; and Process improvements expected to enhance project returns. Simon Clarke, CEO of American Lithium states, "We are very pleased with the latest optimization work on the TLC flowsheet as we move through pre-feasibility. The flowsheet continues to be refined with improvements and results that should improve on the already robust US$3.28 Billion NPV for the project highlighted in the Company's maiden PEA. We are able to make strong, rapid progress utilizing the expertise of TECMMINE in Peru, ANSTO in Australia and DRA Global, our Lead Engineers to drive TLC through the prefeasibility process. We also believe that our focus on large-scale projects in Peru and Nevada, which can produce high purity lithium products which do not need to be shipped overseas for upgrading or refining, best meets the critical need for secure supplies of battery metals in as fast a timeline as possible."
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ALEC ABBV | Hot Stocks07:20 EDT Alector completes enrollment in Phase 2 trial of Alzheimer's candidate AL002 - Alector (ALEC) has completed enrollment in INVOKE-2, the Phase 2 clinical trial of AL002. INVOKE-2 is evaluating the safety and efficacy of AL002 in slowing disease progression in individuals with early Alzheimer's disease. Data from the trial are expected in Q4 2024. AL002 is being developed in collaboration with AbbVie (ABBV). INVOKE-2 is a randomized, double-blind, placebo-controlled, dose-ranging, multi-center Phase 2 clinical trial being conducted at multiple sites across 11 countries.
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SEOVF | Hot Stocks07:18 EDT Sernova provides development update on cellular conformal coating technology - Sernova provided a development update on its exclusively licensed, proprietary conformal coating immune protection technology, being advanced in combination with the Cell Pouch(TM) through a collaboration with Dr. Alice Tomei at the University of Miami, Miller School of Medicine. The goal of the technology is to eliminate the need for long-term use of conventional immunosuppressive medications currently required to prevent graft rejection with Sernova's flagship cell therapy program for treatment of type 1 diabetes. The conformal coating technology has been developed in partnership with Dr. Alice Tomei, Miami Engineering Career Development Associate Professor of Biomedical Engineering at the University of Miami and director of the Islet Immunoengineering Lab at the Miller School of Medicine Diabetes Research Institute. Dr. Tomei will provide a detailed update of the technology in a podium presentation at the 2023 IPITA-IXA-CTRMS Joint Congress being held in San Diego from October 26-29. Presentation details will be shared in October 2023. Pre-clinical studies conducted at the University of Miami in collaboration with Sernova demonstrated that conformally coated islets transplanted into the pre-vascularized Cell Pouch achieved normal blood glucose control and reversed the effects of T1D in a syngeneic rat model of T1D. Conformally coated islets show normal responsiveness to glucose and fully regulated insulin production when transplanted in the Cell Pouch. Treated animals ultimately achieved full insulin independence. In optimization studies in T1D animal models transplanted with conformally coated allogeneic islets in an implanted Cell Pouch, subjects treated with a single selective immune response agent achieved sustained, normalized blood glucose levels during the study period. These findings support our approach and the potential to eliminate the need for the immunosuppressive cocktails that are typically used for islet transplant patients and are frequently associated with toxic side effects. As prerequisites for clinical testing in humans, characterization assays have been identified to develop and validate product release criteria for conformal coating. Long-term in vitro stability and durability studies have been successfully completed and release testing is routinely conducted for the finished coated islet product to ensure quality, safety, and efficacy potential, prior to the transplantation of conformally coated islets into Cell Pouch. Sernova is also undertaking a standard array of biocompatibility studies and is completing an allogeneic optimization study using conformally coated islets in the Cell Pouch with the addition of a selective immune response agent which has proven effective in the ongoing Phase 1/2 clinical trial of the Cell Pouch System in T1D at the University of Chicago. A single agent provided intermittently with the conformal coating technology would be a significant advancement in the field of cellular immune protection. Additionally, through a design and manufacturing partner, Sernova is developing a bench-top, scalable, fully automated, and GMP-compatible cell coating system. The clinical-scaled system is designed for installation in GMP cell manufacturing facilities that produce coated islets for clinical trials.
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NYAX | Hot Stocks07:17 EDT Nayax's OTI PetroSmart partners with ai Corp. for smart fuel payment - Nayax's subsidiary OTI PetroSmart, a provider of integrated, end-to-end fuel management and payment solutions, has partnered with ai Corporation to provide its fleet card issuing and fuel payments platform aiEazyFuel to manage payment devices, including fraud management and provide transaction processing and repricing services for commercial fleet customers. aiEazyFuel will be integrated with OTI PetroSmart's Automated Vehicle Identification solution, EasyFuel Plus.
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UNFI | Hot Stocks07:16 EDT United Natural Foods names Mario Maffie CIO - United Natural Foods announced the appointment of Mario Maffie to the position of Chief Information Officer CIO . Maffie will lead the Company's Information Technology team, oversee critical network systems integration work, and help accelerate the use of data and insights in support of UNFI's customers and suppliers. He begins in this new role on October 2 and will report to Erin Horvath, UNFI's Chief Operating Officer COO .
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CBAY | Hot Stocks07:15 EDT CymaBay announces Phase 3 RESPONSE study achieved primary endpoint - CymaBay Therapeutics announced positive topline results from its Phase 3 pivotal RESPONSE study. The study evaluated the safety and efficacy of seladelpar, a potent, selective, orally active delpar or PPARdelta agonist, in development for the treatment of adult patients with primary biliary cholangitis. The registration trial achieved the primary and all key secondary endpoints and supports advancement to regulatory discussions and filing for regulatory approval with the U.S. Food and Drug Administration, the Medicines and Healthcare products Regulatory Agency, and the European Medicines Agency. A total of 61.7% of patients on seladelpar 10 mg met the primary composite endpoint related to serum alkaline phosphatase and bilirubin at 12 months versus 20.0% on placebo. The anti-cholestatic effect of seladelpar was supported by the normalization of alkaline phosphatase at 12 months in 25.0% of patients on seladelpar vs. zero on placebo. The least-squares mean percent reduction in alkaline phosphatase at 12 months was 42.4% in the seladelpar group vs. 4.3% in the placebo group. Seladelpar treatment compared to placebo also demonstrated a statistically significant reduction in pruritus, or itch, after 6 months of treatment. Seladelpar-treated patients with a baseline Numerical Rating Scale greater than or equal to 4 had a least-square mean reduction of 3.2 points in pruritus NRS compared to 1.7 points for patients in the placebo group. Overall, safety was comparable between placebo and seladelpar groups and was consistent with previous studies. Treatment-emergent adverse events, serious adverse events, and patient discontinuations were generally balanced across the treatment and placebo arms. There were no treatment-related serious adverse events in the study. Seladelpar's tolerability profile appeared favorable and consistent with previous studies.
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TENB | Hot Stocks07:14 EDT Tenable Holdings to acquire CNAPP vendor Ermetic - Tenable Holdings has signed a definitive agreement to acquire Ermetic, a fully integrated cloud-native application protection platform - CNAPP - company, and a provider of cloud infrastructure entitlement management - CIEM -. Tenable intends to integrate these capabilities into its Tenable One Exposure Management Platform to deliver contextual risk visibility, prioritization and remediation across infrastructure and identities, both on-premise and in the cloud. Combining Ermetic's insights into Tenable One will extend Tenable's offerings for hybrid environments. Founded in 2019, Ermetic is a provider of CIEM and identity centric unified cloud security platform capabilities. Tenable will acquire Ermetic for approximately $240M in cash and $25M in restricted stock and RSUs. The acquisition is expected to close early in Q4, Tenable expects to fund the cash portion of the purchase price with existing cash. Ermetic's financial results in Q4 are not expected to materially contribute to revenue or calculated current billings and are expected to increase non-GAAP operating expenses by $4M-$6M. Unlevered free cash flow in Q4 is expected to be reduced by $14M-$16M, which includes $10M-$12M of acquisition-related costs and forgone interest income.
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AVTR | Hot Stocks07:13 EDT Avantor partners with Tobin Scientific to provide end-to-end solution - Avantor has entered into an agreement with Tobin Scientific to support end-to-end moves for biopharma customers looking to relocate their labs, research facilities, and samples. This partnership will deliver upon the growing customer need for complex logistics solutions with temperature-specific requirements. Avantor's collaboration with Tobin Scientific offers one primary partner to support critical moves, reducing downtime and offering flexibility for temporary or long-term storage. This solution removes the burden from the customer to solve their storage needs and provides current Good Manufacturing Practice compliance for temperature-controlled materials. "We are thrilled to be partnering with Avantor to help our customers, whether they are at the earliest stage of research or are among the largest biopharma players," said Brian Tobin, CEO of Tobin Scientific. "Our state-of-the-art storage and transport solutions, together with Avantor's diverse market reach, combine to provide essential services for all our customers."
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GMED | Hot Stocks07:12 EDT Globus Medical announces commercial launch of NSO's Precise Bone Transport - Globus Medical announced the commercial launch of NuVasive Specialized Orthopedics' Precice Bone Transport system in targeted regions. The latest addition to the less invasive NSO portfolio is now CE-marked and approved and available in select markets. Designed for a vast range of bone defects, Precice Bone Transport is a less invasive solution offering reduced complexity for the patient and surgeon. The new system, created in partnership with global, leading limb reconstruction surgeons, has positively impacted more than 250 trauma and oncology patients.
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DRRX | Hot Stocks07:11 EDT Durect announces last patient's last visit in Phase 2b AHFIRM trial - DURECT Corporation announced that the last patient has completed the study protocol in the Company's AHFIRM trial. AHFIRM is a Phase 2b randomized, double-blind, placebo-controlled trial evaluating the safety and efficacy of lasucosterol in subjects with severe alcohol-associated hepatitis. A total of 301 patients were randomized and dosed in AHFIRM and DURECT plans to report topline data in the fourth quarter of 2023. "We are pleased to have completed follow-up of all patients in our Phase 2b AHFIRM trial, bringing us one step closer to reporting topline data from the study which we anticipate in the fourth quarter of 2023," stated James E. Brown, D.V.M., President and CEO of DURECT. "Assuming a positive outcome from AHFIRM, we plan to review the results with the U.S. Food and Drug Administration (FDA) in the first quarter of 2024. We designed AHFIRM to be a potentially pivotal trial and hope to expedite regulatory discussions through the Fast Track Designation that the FDA previously granted. If approved, larsucosterol would be the first FDA-approved treatment for alcohol-associated hepatitis (AH) and would represent a paradigm shift in the management of this life-threatening disease."
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GXO CAJPY | Hot Stocks07:10 EDT GXO Logistics extends service agreement with Canon - GXO Logistics (GXO) has extended its agreement with Canon (CAJPY) U.S.A. GXO supports Canon U.S.A. products for wholesale and direct-to-consumer distribution and manages returns processing at a 220,000-square-foot facility in New Jersey. GXO provides services such as inbound receipt, put-away, pick, pack and ship as well as several value-added services.
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WHGOF... | Hot Stocks07:10 EDT White Gold announces parital resuls from Betty Ford drilling - White Gold announces partial results from 2023 exploration diamond drilling at the Betty Ford target on the Betty property including 3.38 g/t Au over 53.0 m from 7.30 m depth in hole BETFD23D013, which included higher grade subintervals of 7.19 g/t Au over 6.30 m and 8.00 g/t Au over 4.35 m. Results of diamond drilling at the Vertigo target on the JP Ross property include 1.4 g/t Au over 58.4 m in hole JPRVER23D0052 from 40.95 m depth, and JPRVER23D0051 which intersected three zones of high-grade gold mineralization. Betty Ford and Vertigo are located approximately 65 km southeast and 30 km northeast respectively from the Company's flagship White Gold Project in west-central Yukon, Canada, which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category. The Betty property lies along strike and approximately 40 km east-southeast of Newmont Corporation's Coffee gold deposit with Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold. The Betty property is also contiguous to and 15 km northeast of Western Copper and Gold Corporation's Casino porphyry project with Measured & Indicated Resources of 14.8 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.3 Moz gold and 3.1 Blb copper. The JP Ross property is road accessible and located in a prolific placer camp with significant recorded placer gold production. These drill programs form part of the Company's 2023 fully funded exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines and Kinross Gold. "We are pleased to encounter near surface high-grade gold mineralization over such a broad zone at Betty Ford which remains open for expansion. Furthermore, we have also encountered the first occurrence of gold within the deeper sulphide domain of the polylithic breccia unit while testing for possible feeder structures, which represents an important development in our understanding of Betty Ford and the potential to even further extend mineralization. The diamond drilling at Vertigo has improved our structural interpretation of the known mineralization controls at this high-grade gold target. These results continue to demonstrate the expansiveness of gold mineralization in our underexplored district scale exploration portfolio in a tier 1 mining district," stated David D'Onofrio, Chief Executive Officer.
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FFMGF | Hot Stocks07:10 EDT First Mining Gold announces PEA for Duparquet Gold Project - First Mining Gold announces the positive results of a Preliminary Economic Assessment, PEA, completed for its 100%-owned Duparquet Gold Project located in the Abitibi region of Quebec, Canada. The PEA results support a 15,000 tonnes per day open pit and underground mining operation over an 11-year mine life. "This PEA demonstrates the robust economic potential of the Duparquet Gold Project," stated Dan Wilton, CEO of First Mining. "The +200 koz per year production profile, attractive capital and operating cost profile and strategic location of the deposit in the heart of the Abitibi gold belt all contribute to the recognition of Duparquet as one of the most meaningful development projects in Canada. We are also pleased to have completed such a robust PEA within a year of consolidating the ownership of the Project. Importantly, the Duparquet Gold Project represents a unique opportunity to address the environmental legacy issues from the historic mining operations while delivering an important economic development opportunity for the local and Indigenous communities around the Project. We look forward to continuing to work with regulators, the Municipality of Duparquet and other local and Indigenous communities to advance this parallel track of environmental stewardship and economic development."
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ALRM | Hot Stocks07:09 EDT Alarm.com's SDS is granted two new patents by USPTO - Shooter Detection Systems, SDS, an Alarm.com company, announces the United States Patent and Trademark Office, USPTO, has granted two additional patents to its portfolio of indoor gunshot detection technologies, Patent No. US 11,604,248 and Patent No. US 11,688,414. Patent US 11,688,414 is the first SDS patent co-authored by Principal Hardware Designer Frank Bachmann. By utilizing stored energy more efficiently, sensors can consistently deliver exceptional reliability and reduced maintenance costs, creating better value for customers. The '248 patent, which is SDS's eighth patent, pertains to a novel testing mechanism supporting the sensor's practical testing utilizing the low-power approach, while SDS's ninth patent, the '414 patent, introduces methods and technologies for reducing sensor power consumption.
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NRIX | Hot Stocks07:07 EDT Nurix Therapeutics partners with Seagen to develop cancer therapeutics - Nurix Therapeutics has entered into a multi-year, multi-target strategic collaboration agreement with Seagen to advance a new class of medicines called Degrader-Antibody Conjugates - DACs - for use in cancer. The collaboration between the two companies will focus on an innovative approach to combine two technologies to target cancer-antibody-drug conjugation - ADC - and targeted protein degradation -TPD - with the goal of creating drugs with new mechanisms of action as well as improved specificity and anti-cancer activity. Nurix will receive an upfront payment of $60M and has the potential to receive up to approximately $3.4B in research, development, regulatory and commercial milestone payments across multiple programs. In addition, Nurix will be eligible for mid-single to low double digit tiered royalties on future sales, and Nurix retains an option for U.S. profit sharing and co-promotion on two products arising from the collaboration. Nurix will use its proprietary DELigase platform to develop a suite of targeted protein degraders against multiple targets nominated by Seagen that are suitable for antibody conjugation. Several DAC drugs may be developed and commercialized within this collaboration. With the receipt of the $60M upfront payment, Nurix expects that its existing cash, cash equivalents and marketable securities, excluding any future potential milestones from collaborations, will be sufficient to fund its operating activities into Q2 2025.
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TLRY | Hot Stocks07:07 EDT Tilray launches new Redecan products across Canada - Tilray Brands announced the expansion of its market leading product portfolio with the launch of new flower genetics by best-selling cannabis lifestyle brand, Redecan. Redecan introduces a limited-edition series of exclusive whole flower cannabis genetics including; King Sherb and Animal RNTZ, two high-quality Indica strains meticulously cultivated by master growers. These new cannabis strains join the brand's award-winning product portfolio, including consumer favorites like Wappa, Cold Creek Kush and Glueberry OG.
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XRTX | Hot Stocks07:06 EDT Xortx Therapeutics joints the Kidney Foundation, Kidney March - XORTX Therapeutics announces its participation September 8th through 10th, in the Kidney Foundation's "Kidney March", in support of the almost 4 million Canadians who have chronic kidney disease.
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SCWX | Hot Stocks07:05 EDT Secureworks reports Q2 EPS (10c), consensus (15c) - Reports Q2 revenue $92.966M, consensus $91.33M. "We expanded our Partner First ecosystem this quarter with global, market-leading partners, increasing our scale and market reach to further position our business for growth," said Wendy Thomas, CEO, Secureworks. "As an open XDR platform that combines security analytics, AI, threat intelligence and automation, Taegis is empowering organizations to say goodbye to point solution chaos and embrace a platform-based approach that results in better security outcomes, optimized resources and the highest return on investment for our customers and partners."
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ONEW | Hot Stocks07:05 EDT OneWater Marine acquires Harbor Pointe Marina, terms not disclosed - OneWater Marine has acquired Harbor Pointe Marina, which further expands the Company's presence on Alabama's Lake Martin and enhances new and pre-owned boat sales, finance, and parts and services offerings. Harbor Pointe Marina is an on-water facility located in Dadeville, AL. Post acquisition, OneWater intends to offer Bennington Pontoons and Regal Boats. In addition to new and pre-owned boat sales, Harbor Pointe Marina offers service and repair, parts and accessories, boat rentals, and a large boat storage facility. Under the terms of the agreement, OneWater acquired the net assets of the dealership operation, excluding the real estate as well as the boat inventory, which will be taken on a consignment basis, resulting in minimal capital outlay. Harbor Pointe Marina generated approximately $5.8 million in sales in 2022.
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TRDA | Hot Stocks07:04 EDT Entrada Therapeutics awards funding to non-profit organizations - Entrada Therapeutics announced recipients of its inaugural Entrada Diversity, Representation, Equity and Advocacy MatterS Grant Program. Entrada DREAMS grant recipients - The Akari Foundation, Neurology and Neuromuscular Care Center and Parent Project Muscular Dystrophy - will each be awarded $25,000 to support initiatives that aim to better identify, understand and reach those within the Duchenne community who are currently underrepresented or underserved.
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SCTL | Hot Stocks07:04 EDT Societal CDMO adds six project expansion agreements with existing customers - Societal CDMO announced new project expansion agreements with several existing customers encompassing six new scopes of work across four different current customers. The recently signed work expansion agreements include: increasing the batch size for an ongoing design of experiments study of an approved chemotherapeutic agent: execution of surrogate batch manufacturing and testing for an approved chemotherapeutic agent: analytical method development and validation, along with clinical trial material batch manufacturing of a fixed-dose combination of an approved chemotherapeutic agent: broadening of clinical trial services related to a U.S.-based Phase 2 clinical study of a novel melatonergic antidepressant: dissolution testing on a prototype development batch of a novel multiparticulate-filled formulation of an investigational compound being developed for the treatment of a range of neurodegenerative diseases: dissolution testing on engineering batches of an approved anticancer therapeutic
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CNIKF | Hot Stocks07:03 EDT Canada Nickel publishes first ESG report - Canada Nickel Company announce the publication of its 2022 Environmental, Social, and Governance, ESG, Report. Mark Selby, CEO of Canada Nickel said, "Publicizing our initial ESG Report is a significant step in our commitment to transparency and accountability with Indigenous Nations, stakeholders, investors, employees, key business partners, and regulators. We recognize that meeting the demand for critical minerals can only be successfully achieved if we also meet our responsibilities to communities and the environment. Canada Nickel is fully committed to applying a sustainable mindset to strategic decision-making while maintaining our focus on positive outcomes, meaningful collaboration, and continuous improvement."
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FCEL TM | Hot Stocks07:02 EDT FuelCell, Toyota complete first 'tri-gen' production system - FuelCell Energy (FCEL) and Toyota Motor North America (TM) have announced the completion of the first-of-its-kind "Tri-gen system" at Toyota's Port of Long Beach operations. The Tri-gen system, owned and operated by FuelCell Energy, produces renewable electricity, renewable hydrogen, and water from directed biogas. FuelCell Energy has contracted with Toyota to supply the products of Tri-gen under a 20-year purchase agreement. Tri-gen is an example of FuelCell Energy's ability to scale hydrogen-powered fuel cell technology, an increasingly important energy solution in the global effort to reduce carbon emissions. Tri-gen will enable Toyota Logistic Services Long Beach to be the company's first port vehicle processing facility in the world powered by onsite-generated, 100 percent renewable energy and represents the types of innovative and bold investments the company is making as part of its environmental sustainability strategy.
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ASXC NVDA | Hot Stocks06:58 EDT Asensus Surgical, Nvidia collaborate on augmented intelligence capabilities - Asensus Surgical announced a collaboration with NVIDIA to accelerate the development of Asensus's Intelligent Surgical Unit and improve its ability to deliver novel clinical intelligence to surgeons. Asensus will utilize a broad suite of NVIDIA tools to enhance the augmented intelligence capabilities of its ISU. Asensus's ISU is built with NVIDIA accelerated computing technology and has been bringing real-time augmented intelligent features - such as digital tags, 3D measurement, and enhanced camera control - to surgeons since 2021. As part of the collaboration, both companies will have early access to relevant product roadmaps, fostering synergistic development. Furthermore, Asensus and NVIDIA plan to jointly define innovative business models for the development, deployment, and commercialization of digital surgical solutions.
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INDV | Hot Stocks06:57 EDT Indivior, Click Therapeutics collaborate for prescription digital therapeutics - Click Therapeutics announced the execution of a new collaboration agreement with Indivior for the development and commercialization of prescription digital therapeutics to treat substance use disorders, beginning with Opioid Use Disorder. Through a novel mobile application, CT-102, the collaboration aims to help close major gaps in OUD treatment, such as access to high-quality, personalized psychosocial treatment. Designed to work alongside pharmacotherapy, CT-102 will combine evidence-based behavioral therapy with tailored neuromodulatory interventions using Click's AI-enabled platform to deliver personalized care to each patient. This collaboration will build on Indivior's expertise in the commercialization of innovative treatments for substance use disorders and Click Therapeutics' substantial real-world experience engaging patients seeking help with addiction. Click will lead development with an iterative, patient-centric and evidence-based approach that leverages the company's end-to-end development capabilities and proprietary technology platform. This phased process is designed to ensure CT-102 will be launched as a best-in-class therapy supported by compelling evidence that will drive broad access and adoption. These efforts will start with a preliminary exploration phase to explore and define the product scope that will best match the needs of patients, providers and payers. More information will be available following completion of the exploration phase in 2024. Under the terms of the collaboration agreement, Click Therapeutics will be responsible for all technical and clinical development activities, as well as regulatory filings and technical services through commercialization. In return, Indivior will receive a global license to commercialize CT-102. Click Therapeutics will receive upfront license and early development payments, and is eligible to receive additional regulatory and commercial milestones plus double-digit royalties on global sales. In addition, there is an opportunity for a higher total deal value based on the potential development of additional products in the future.
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LASE | Hot Stocks06:56 EDT Laser Photonics launches DefenseTech MLRI-2000 - Laser Photonics recently launched its DefenseTech MLRI-2000 as part of its military-focused product line. The DefenseTech MLRI-2000 is designed to remove rust, coatings and contaminants from a variety of surface types and materials. Laser Photonics' DefenseTech cleaning equipment provides a safe and effective solution to maintaining vehicles, aircraft, ships, equipment and more. All products in the DefenseTech line are specifically designed to meet military standards and are housed in military-grade cases.
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MRK | Hot Stocks06:46 EDT European Commission approves expanded indication for Merck's ERVEBO - Merck announced the European Commission has approved an expanded indication for ERVEBO for active immunization of individuals 1 year of age or older to protect against Ebola Virus Disease caused by Zaire ebolavirus. The EC's decision follows the positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use received on July 20, 2023. The vaccine was previously approved for use in the European Union for individuals 18 years of age or older. The use of ERVEBO should be in accordance with official recommendations. In January 2021, Merck confirmed an agreement with UNICEF to establish the world's first global Ebola vaccine stockpile with ERVEBO to support future Zaire ebolavirus outbreak preparedness and response efforts. To date, over 500,000 doses of the licensed vaccine have been delivered to the stockpile, which is administered by the International Coordinating Group on Vaccine Provision.
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AIXI | Hot Stocks06:38 EDT Xiao-I showcases AI solutions for e-commerce industry - Xiao-I took center stage at the 2023 Shanghai Livestream E-commerce Industry Expo, showcasing its leadership by presenting AI solutions tailored for the livestream e-commerce sector. The company said, "The Xiao-I Robotic Process Automation E-commerce Robot was a star of the Expo which is a valuable asset for businesses engaged in livestream e-commerce. Leveraging Xiao-I's expertise in Natural Language Processing, AI, and General Computing, this robot offers 24/7 responsiveness, versatile cross-system capabilities, traceable processes, high precision, cost-effectiveness, and the ability to replace error-prone human tasks. Its multifaceted capabilities span web interactions, data extraction, and system inputs, providing crucial business insights that catalyze e-commerce operational transformation, driving efficiency, and streamlining processes."
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EVTV | Hot Stocks06:37 EDT Envirotech Vehicles announces Nasdaq acceptance of request for filing extension - Envirotech Vehicles has received a letter from the Nasdaq Stock Market stating that it has accepted the Company's request for an additional extension to file its delinquent annual and quarterly filings. According to the plan that EVTV has provided to Nasdaq, the Company expects to file its Form 10-K for the period ended December 31, 2022 and the Form 10-Q for the period ended March 31, 2023 by September 22, 2023, and to file the Form 10-Q for the period ended June 30, 2023 by October 16, 2023, upon completion of the audit currently being conducted by the Company's independent registered public accounting firm. The Company would thereafter expect to regain compliance with Nasdaq Listing Rule 5250(c)(1).
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FSR | Hot Stocks06:35 EDT Fisker Ocean to ramp up production to 300 units per day in Q4 - Fisker is ramping up production capacity of the Fisker Ocean all-electric SUV in September, as well as expanding retail, delivery, and service operations across multiple markets in North America and Europe. The expected ramp will go from approximately 180 vehicles per day to approximately 300 per day in Q4 2023, with Fisker working with suppliers to achieve this run rate in October. Production is for customer deliveries in all European markets: Austria, Belgium, Denmark, France, Germany, the Netherlands, Norway, Sweden, Switzerland, the United Kingdom; and for Canada and the U.S. East and West Coasts, as well as other states. As of earlier in the week of Sept. 4, 3,123 customer vehicles have been manufactured by production partner Magna Steyr, with just under 3,000 handed over to Fisker. In the US, over 450 Fisker Oceans have been either delivered to customers or are in the process of being delivered. More than 1,500 additional vehicles are arriving by ship in the US, beginning this weekend. Europe has received nearly 1,000 vehicles and 325 have been delivered. Fisker anticipates receiving all 5,000 Fisker Ocean One launch edition vehicles from Magna by September 30, 2023, and although the company's goal remains to deliver as many of these vehicles as possible by the end of September, deliveries may stretch into October.
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LLAP | Hot Stocks06:33 EDT Terran Orbital launches Responsive Space Initiative - Terran Orbital announces the launch of its Responsive Space Initiative. The company said, "Under this initiative, we are committed to providing our customers with satellite buses within just 30 days and complete satellite systems with integrated payloads within 60 days. There are seven new satellite buses that will be participating in this program. Our advanced production capabilities through the implementation of automation and robotics are a game changer for the industry. We are standardizing common components which can be stocked and are interchangeable depending on the bus configuration. We proudly design and manufacture 85% of all modules and components that go into a bus today. The world is changing rapidly, and we need to change along with it. With our Responsive Space Initiative, Terran Orbital will be able to deliver small satellites that are flexible, high-quality, and reliable to military, civil, and commercial customers at a faster and more cost-effective rate. Satellites for critical missions will be delivered in days instead of taking years. We recently introduced a new product line comprising seven buses that are ready for quick delivery and can be immediately added to our inventory."
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PTEN | Hot Stocks06:20 EDT Patterson-UTI reports average of 117 drilling rigs in U.S. operation in August - PATTERSON-UTI ENERGY reported that for the month of August 2023, the Company had an average of 117 drilling rigs operating in the United States. For the two months ended August 31, 2023, the Company had an average of 120 drilling rigs operating in the United States.
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GB | Hot Stocks06:19 EDT Global Blue releases Tax Free Shopping business update for August - New data from Global Blue reveals that the overall global dynamic recovery for Tax Free Shopping has remained stable in Continental Europe, with a continued acceleration in Asia Pacific. Globally, issued Sales in Store like-for-like recovery reached 119% in August versus 121% in July and 118% in Q2 2023. In Continental Europe, the recovery remains generally stable, with a slight softening to 114% in August vs. 118% in July and 121% in Q2 2023. Excluding Mainland Chinese and Russian shoppers, recovery would have reached 158% in August. In terms of origin markets, US residents have maintained a strong level of recovery, reaching 261% in August vs. 257% in July and 270% in Q2 2023. In contrast, Gulf Cooperation Council shopper recovery has marginally softened to 170% in August vs. 221% in July and 224% in Q2 2023. This is mainly attributed to a high basis of comparison, owing to the Eid al-Adha celebration in August 2019 when the base of shoppers was significantly inflated, while this year's celebration occurred in June. Regarding destination markets, August witnessed an overall stable recovery across most destinations, with Greece at 165%, France at 134%, Italy at 124%, Spain at 122% and Switzerland at 116%. In Asia Pacific, the recovery rate remains at high levels, reaching 133% in August vs. 134% in July and 111% in Q2 2023. When excluding Mainland Chinese shoppers, the recovery would have reached 175% in August. Regarding origin markets, Mainland Chinese shoppers, along with Hong Kong and Taiwan residents, continued to drive the strong recovery in Asia Pacific. Mainland Chinese shoppers surpassed 2019 levels for the first time, with a recovery rate reaching 109% in August vs. 100% in July and 60% in Q2 2023. The recovery for Hong Kong and Taiwan residents remains solid, reaching 461% in August vs. 393% in July and 395% in Q2 2023. Following closely are North East Asia residents, with a recovery rate of 195%1 in August vs. 191% in July and 150% in Q2 2023. When examining destination markets, Japan continues to take the lead with a Sales in Store like-for-like recovery propelling to 189% in August, followed by South Korea at 112%. In August, the Sales in Store like-for-like recovery of Mainland China shoppers within the Asia Pacific region was very strong, reaching 109%. This was driven by the progressive increase in air capacity and a significant increase in the average spend per shopper vs. 2019. In contrast, the Sales in Store like-for-like recovery of Mainland China shoppers in Continental Europe reached 41% despite a 54% air capacity recovery. The main reasons explaining this slower performance in Continental Europe are the lead time required for visa issuance, the absence of group travel so far and a more moderate increase in average spend per shopper at 46%. This more moderate increase in recovery could be attributed to a higher presence of the younger generation shoppers in Continental Europe, with less purchasing power, as well as less favorable exchange rates for Chinese shoppers in Continental Europe compared to Asia Pacific.
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KOD | Hot Stocks06:17 EDT Kodiak Sciences announces topline results from tarcocimab tedromer study - Kodiak Sciences announced top-line, one-year results for its ABC Platform based investigational therapy tarcocimab tedromer 5 mg from the pivotal BEACON study in patients with macular edema due to retinal vein occlusion, or RVO. In the initial six months of the study, patients received Kodiak's tarcocimab tedromer 5 mg on a fixed every 8-week dosing regimen following only 2 monthly loading doses or aflibercept 2 mg on a fixed monthly dosing regimen per its label. In the second six months of the study, tarcocimab and aflibercept were tested head-to-head according to a pro re nata protocol in which patients in both groups were treated only when disease reactivated according to matched predefined disease activity criteria. Tarcocimab showed matched efficacy with differentiated durability versus aflibercept in the head-to-head comparison. After 4 initiating doses in the first 6 months, 47% of tarcocimab-treated patients required no additional injections in the second 6 months. Despite receiving 6 initiating monthly doses, only 37% of aflibercept patients were injection free in the second half of the study. 77% of tarcocimab treated patients received 5 or fewer doses in year one, while 93% of aflibercept treated patients received 6 or more doses. BRVO patients received a median of 4.0 injections on tarcocimab versus 7.0 injections of aflibercept. Despite materially fewer injections in tarcocimab treated patients, vision outcomes favored tarcocimab-treated patients achieving an observed mean of 76.6 letters versus 75.6 letters for aflibercept treated patients. All RVO patients received a median of 5.0 injections on tarcocimab versus 7.0 injections of aflibercept. Despite materially fewer injections in tarcocimab treated patients, vision outcomes favored tarcocimab-treated patients achieving an observed mean of 74.6 letters versus 74.3 letters for aflibercept treated patients. Safety and tolerability were comparable between tarcocimab and aflibercept. Intraocular inflammation rate was comparable between groups. No cases of inflammation associated with vascular occlusion or vasculitis were reported. The overall number of cataracts was low in the full year follow-up, comparable to prior aflibercept RVO studies and comparable between groups.
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ELTP | Hot Stocks06:16 EDT Elite Pharmaceuticals appoints Carter Ward as CFO - Elite Pharmaceuticals announced the appointment of Carter Ward as its CFO, effective September 5, 2023. Ward previously served as the Company's CFO from July 2009 through May 2021. He most recently served as CFO of Mirror Biologics.
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SPRC | Hot Stocks06:14 EDT SciSparc granted 180-day extension by Nasdaq to regain compliance - SciSparc has been granted by Nasdaq that it has been granted an additional 180-day compliance period, or until March 4, 2024 to regain compliance with Nasdaq's minimum bid price rule. Nasdaq's determination is based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on Nasdaq, with the exception of the bid price requirement, and the company's written notice of its intention to cure the deficiency during the second compliance period and if necessary, by effecting a reverse stock split. If at any time before March 4, 2024, the closing bid price of the company's ordinary shares is at least $1.00 per share for a minimum of 10 consecutive business days, the company will regain compliance with this Nasdaq rule and this matter will be closed. This current notification from Nasdaq has no immediate effect on the listing or trading of the Company's ordinary shares, which will continue to trade on Nasdaq under the symbol "SPRC."
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PDS | Hot Stocks06:14 EDT Precision Drilling to acquire CWC Energy Services for $141M - Precision Drilling Corporation has entered into an agreement to acquire all of the issued and outstanding common shares of CWC Energy Services for total consideration of approximately $141M, comprised of 947,909 Precision shares, valued at approximately $88M as of September 1, 2023 market close, $14M in cash, plus the assumption of CWC's outstanding debt. With this transaction, Precision adds to its fleet: 62 marketed service rigs in Canada, seven marketed drilling rigs in Canada, and 11 marketed drilling rigs in the U.S., including seven AC triple rigs. Currently, three of the Canadian drilling rigs and seven of the U.S. drilling rigs are actively working for customers. Additional transaction highlights include: Well Positioned, High-Quality Assets: Well-maintained assets across Canada and the U.S. in complementary geographic regions supported by skilled and experienced personnel and strong customer relationships; Material Synergies: Precision expects to realize annual operating synergies of approximately $20M once CWC is fully integrated, and Precision has identified approximately $20M of excess CWC real estate that it expects to monetize post-transaction closing; and Financially Beneficial: Precision expects the transaction to be accretive on a 2024 cash flow per share basis and to support its ongoing deleveraging plan. Precision remains committed to reducing its debt levels by $500M between 2022 and 2025 and achieving a sustained Net Debt-to-Adjusted EBITDA ratio of less than 1.0 times by the end of 2025. For 2023, Precision remains on track to reduce its debt by $150M. The transaction is expected to be completed in the fourth quarter of 2023 subject to CWC shareholder approval, Toronto Stock Exchange, court and regulatory approvals, Competition Bureau approval, and the satisfaction of other customary closing conditions.
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BEEM | Hot Stocks06:12 EDT Beam Global reports no EV ARC Systems disabled by Hurricane Idalia - Beam Global announced that none of its EV ARC products were disabled by Hurricane Idalia. EV ARC systems in Florida, Georgia and the Carolinas which were in the direct path of the hurricane continued to provide EV charging and emergency power throughout the storm, when several locations where EV ARC systems are deployed experienced prolonged grid outages as a result of the hurricane. The storm made landfall on Florida's Gulf Coast cutting off power to more than 470,000 customers in Florida and Georgia. Beam Global customers in the impacted region include the U.S. Army, the U.S. Marine Corps, the U.S. Department of Veterans Affairs, and the Department of Homeland Security. ARC systems are independently rated to withstand winds of 160 mph and are able to continue to operate in 9.5 feet of flooding. They can be equipped with an optional Emergency Power Panel which provides 120v and 240v outlets for use by first responders or other authorized users when utility power is not available.
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RTX ESLT | Hot Stocks06:12 EDT RTX, Elbit Systems joint venture awarded Navy contract - Collins Elbit Vision Systems, or CEVS, a joint venture between Collins Aerospace, an RTX (RTX) business, and Elbit Systems (ESLT) of America - has been awarded a contract by the Naval Air Warfare Center Aircraft Division for development, engineering, logistics and test support of the Improved Joint Helmet Mounted Cueing System used in Block III F/A-18E/F and E/A-18G aircraft.
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TSEM | Hot Stocks06:12 EDT Tower Semiconductor, InnoLight partner to develop optical transceivers - Tower Semiconductor and InnoLight Technology announced their collaboration to develop multi-generation high-speed optical transceivers based on Tower's Silicon Photonics process platform. With production already underway, this strategic partnership is expected to enable cutting-edge solutions to support the growing demands of AI, datacenters, and next-generation telecom networks.
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UBER | Hot Stocks06:10 EDT Uber announces four-year deal to expand partnership with NFL - Uber announced a four-year deal to expand its partnership with the National Football League becoming the official on-demand delivery partner and official rideshare partner of the NFL. Uber said the company is uniquely positioned to help football fans go anywhere and get anything this season, as the only scaled global player with both mobility and delivery offerings.
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LGDTF | Hot Stocks06:10 EDT Liberty Gold reports drill results from Black Pine Oxide Gold Project - Liberty Gold reports the latest assay results from an additional 8 holes drilled in the Rangefront Zone with most holes focused on the eastern margin of the known deposit area. These results are part of the 2023 Reverse Circulation drill exploration program at its Black Pine Oxide Gold Project in southeastern Idaho. RANGEFRONT ZONE HIGHLIGHTS: 0.61 grams per tonne gold over 76.2 meters, including 2.47 g/t Au over 12.2 m in hole LBP941. 0.45 g/t Au over 73.2 m, including 1.50 g/t Au over 3.0 m in hole LBP954. Drill results from 8 additional RC drill holes completed in the Rangefront Zone have been received with results showing the known mineralization continues to the east and becomes thicker with better grades than blocks in the current resource model. These holes were drilled on the eastern margin of the resource area and were planned to test for extensions to the modeled mineralization and to convert inferred resource blocks to indicated resource blocks as the area had only been sparsely tested with shallow historic drilling. This drilling shows a large area of oxide mineralization, that is predominantly outside of the current pit constrained resource and is still open for expansion to the north and south. This area is roughly 200 m x 200 m in plan view and extends from near surface to a depth of about 200 meters. The area to the east is unconstrained by any drilling and the area to the south has only been tested by shallow historic drilling. This new drilling pushes the known extents of mineralization at the Rangefront Zone to an area roughly 1000 m x 1000 m with room to grow the deposit to the east, north and south.
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VIRT | Hot Stocks06:07 EDT Virtu Financial solutions selected by Japanese asset manager Sumitomo Mitsui - Virtu Financial announced that Sumitomo Mitsui Trust Asset Management - SMTAM -, one of the largest asset managers in Asia, has successfully deployed Virtu's Triton Valor execution management system, Trading Analytics, POSIT Alert, and global equity execution algorithms. The implementation leverages Virtu's Triton Valor EMS to centralize the full global suite of investment tools. Triton Valor combines Virtu's liquidity sourcing, execution analytics, and workflow solutions into one unified execution interface. In addition to Triton Valor, SMTAM leverages Virtu's newly released, global suite of equity algorithms across Asia Pacific, Europe, Canada, Latin America, and the United States.
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BDSX | Hot Stocks06:07 EDT Biodesix presents on lung cancer guidance tests at IASLC 2023 - Biodesix announced that two abstracts will be presented at the International Association for the Study of Lung Cancer (IASLC) 2023 World Lung Conference on Lung Cancer. The first presentation showcases a new analysis of the large multi-center observational registry study INSIGHT demonstrating the ability of the VeriStrat host immune classifier to predict response to immune checkpoint inhibitor regimens in patients with advanced stage non-small cell lung cancer. The INSIGHT trial, which recently reached its enrollment goal of 5,000 patients with NSCLC, previously yielded data showing that patients with greater than or equal to50% PD-L1 status classified as Host Immune Classifier Cold, also known as VeriStrat Poor, had superior median overall survival when receiving ICI plus chemotherapy versus ICI alone. The expanded analysis confirms these findings and concludes that patients with less than50% PD-L1 status classified as Host Immune Classifier Hot, also known as VeriStrat Good, had comparable overall survival when receiving either ICI alone or in combination with chemotherapy. The second presentation details the performance of a pre-surgical, blood-based Risk of Recurrence test in three independent cohorts. Patients with early stage lung cancer have favorable outcomes, but many of these patients experience a recurrence which results in a poor prognosis. The test was designed to identify patients with a high probability of recurrence that could be considered for more aggressive treatment or enhanced surveillance. This initial validation study evaluated nearly 800 patients with Stage I NSCLC and demonstrated the test's ability to stratify three distinct groups of patients based on their proteomic profile with high, intermediate, or low risk of recurrence. Furthermore, incorporating the adenocarcinoma grade, a conventional risk factor for recurrence, improved the performance of the test.
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NSTG | Hot Stocks06:04 EDT NanoString adds three new partnerships for CosMxTM Spatial Molecular Imager - NanoString announced three new Contract Research Organization CosMxTM Spatial Molecular Imager partnerships. Macrogen, Propath UK, and Sirona Dx offer global biopharma customers new access to CosMx SMI technology for translational drug development. These specialty CROs provide biomarker testing services for drug developers and academic research institutions. Korea-based Macrogen, which provides personalized healthcare services to predict and prevent diseases and provide personalized treatment options for patients, is the first CRO in the Asia-Pacific region to offer both CosMx SMI and GeoMx DSP platforms.
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KKR | Hot Stocks06:03 EDT KKR to invest $750M to scale Zenobe - KKR is investing approximately $750M to scale Zenobe, a market leader in transport electrification and battery storage solutions, to accelerate the global decarbonisation of diesel fleets and provide grid services that are critical for the decarbonisation of the energy sector. Infracapital, will invest further alongside KKR and the management team, with KKR and Infracapital becoming joint majority shareholders. The transaction is subject to customary closing conditions and regulatory approvals. KKR's investment in Zenobe is the first to be made through the firm's global climate strategy, which is part of KKR's $54B global Infrastructure business and dedicated to investing in solutions at scale to support the transition to a low-carbon economy.The company said, "Founded in 2017 and headquartered in London, Zenobe is a global player in electrification solutions for fleets and battery storage solutions for grid network infrastructure, with leading positions in the UK, Australia and New Zealand, and a growing presence in continental Europe. Today, Zenobe is one of the leading fleet electrification platforms in the world, helping bus and increasingly HGV operating companies to decarbonise their fleets and meet emission-reduction objectives. Zenobe's EV fleet business provides end-to-end solutions to transition conventional internal combustion engine vehicles to electric, including financing of chassis, batteries on the vehicles, and charging infrastructure in depots, complemented with an integrated software solution. Through its network infrastructure business, Zenobe develops and builds large scale batteries that connect to transmission grids, providing essential grid services to complement the growth of intermittent low carbon energy generation and allowing economies to achieve their net zero ambitions, without compromising the grid stability. Decarbonising transportation, reducing pollution in big cities and towns and meeting national net-zero targets will require substantial investment and a rapid shift to electric vehicles. The transport sector is the largest source of carbon emissions globally, resulting in tightening regulations related to emissions by public transport. KKR plans to work with Zenobe to meet the growing demand for EV adoption from bus operators and other commercial fleet businesses globally. KKR also expects to help Zenobe expand its grid-scale battery storage capacity through the construction and expansion of new and existing sites. The investment will help Zenobe to build on its leadership positions in the UK, Australia and New Zealand, while continuing to grow across continental Europe, and also expand into North America."
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NA | Hot Stocks05:21 EDT Nano Labs enters deals with shareholders to convert loans into ordinary shares - Nano Labs announced that it entered into agreements with Jianping Kong, its chairman and chief executive officer, and Qifeng Sun, its vice chairman, along with their respective affiliates on September 5 to convert the interest-free loans from the lenders in an aggregated amount of $10M into certain amount of Class A ordinary shares in lieu of repayment of the loans.
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FLR | Hot Stocks05:17 EDT Fluor to sell Stork business in Belgium, Germany and the Netherlands - Fluor announced that it has agreed to sell its Stork business in Belgium, Germany, the Netherlands and its turbo blading manufacturing operation in the United States to industrial services provider Bilfinger SE. This divestiture advances Fluor's strategic initiative to focus on its core businesses and capital priorities. This transaction is subject to consultations with and advice from the representative body of the applicable works councils, consultations with the trade unions and receipt of regulatory clearances along with other customary conditions and, subject to these conditions, is expected to be completed in the first half of 2024.
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DLR | Hot Stocks05:09 EDT Digital Realty expands into Italian market - Digital Realty announced its expansion into the Italian market following the acquisition and pre-development planning of land in Rome.
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