Stockwinners Market Radar for September 21, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PLTR | Hot Stocks20:19 EDT Cathie Wood's ARK Investment bought 1.03M shares of Palantir today
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DNA | Hot Stocks20:17 EDT Cathie Wood's ARK Investment bought 1.3M shares of Ginkgo Bioworks today
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PFSI | Hot Stocks20:14 EDT PennyMac Financial CEO sells $1.04M in common stock - In a regulatory filing, PennyMac Financial disclosed that its CEO David Spector sold 15K shares of common stock on September 20th in a total transaction size of $1.04M.
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SRE | Hot Stocks19:43 EDT Sempra Infrastructure unit receives FERC authorization at Port Arthur LNG - The company states: "Sempra Infrastructure, a subsidiary of Sempra, announced that the Federal Energy Regulatory Commission, FERC, has approved the permit authorizing the Port Arthur LNG Phase 2 expansion project under development at Port Arthur LNG in Jefferson County, Texas. The permit is a major regulatory milestone for a proposed Phase 2 project, including the addition of two liquefaction trains capable of producing up to 13 million tonnes per annum of liquefied natural gas. With Phase 1 currently under construction, the development of the proposed Phase 2 project could increase the total liquefaction capacity of the facility from approximately 13 Mtpa to approximately 26 Mtpa. The proposed project is also expected to include an additional LNG storage tank and marine berth and would benefit from some of the common facilities currently under construction that were previously approved as part of the Port Arthur LNG Phase 1 permitting process. Sempra Infrastructure continues to evaluate opportunities to develop the entirety of the Port Arthur site while also exploring potential projects to reduce the carbon intensity of its LNG, positioning Port Arthur as a flagship hub for the energy transition. The company is leveraging the integrated capabilities of its business segments to develop the proposed Port Arthur Pipeline Texas Connector project, the proposed Post Arthur Pipeline Louisiana Connector project and develop new gas storage facilities, all of which would serve the Port Arthur LNG facility."
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MOND | Hot Stocks19:17 EDT Mondee announces inaugural $30M buyback program - Mondee "announced that its Board of Directors has approved an inaugural share repurchase program with authorization to purchase up to $30 million of its outstanding shares of common stock, effective immediately. This strategic initiative aims to enhance shareholder value and reinforces Mondee's commitment to its long-term growth strategy."
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ZM | Hot Stocks19:09 EDT Zoom Video COO sells $920K in common stock - In a regulatory filing, Zoom Video disclosed that its COO Aparna Bawa 13.3K shares of common stock on September 19th in a total transaction size of $920K.
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BX EBAY | Hot Stocks18:57 EDT eBay aware of Adevinta statement, has no further comments to add - eBay said it is aware of the statement released by Adevinta regarding receipt of a non-binding indicative proposal for all the shares of Adevinta, and has expressed support for this proposal, under which eBay would retain part of its current shareholding in the company. eBay has no further comments to add.
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FFIE | Hot Stocks18:48 EDT Faraday Future announces management stock purchase plan - Faraday Future "announced that its future Global CEO Matthias Aydt, Founder & Chief Product and User Product Officer YT Jia, current Global CEO and future EVP of Global Industrialization & China CEO XF Chen, Interim CFO Jonathan Maroko, and Chief Accounting Officer Yun Han, along with other senior executives and members of management, have voluntarily entered into a salary deduction and stock purchase agreement. Subject to shareholder approval of the agreement as required by Nasdaq, these senior executives and members of management have committed to utilize 50% of their salary over a three-month period to purchase shares of the Company's Class A common stock from the Company to further demonstrate their belief and support in the business. Shares will be locked-up for a minimum of 180 days from issue date. All participants will be purchasing shares of Class A common stock directly from the Company."
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BX EBAY | Hot Stocks18:25 EDT Adevinta confirms receipt of non-binding proposal from Permira, Blackstone - Adevinta confirmed that it has received a non-binding indicative proposal from a consortium led by Permira and Blackstone (BX) regarding a potential offer for all shares of the company. eBay (EBAY) and Schibsted, who have expressed their support for the proposal, would retain part of their current shareholding in the company. The discussions are at an early stage and there can be no certainty as to whether a final offer will be made, nor as to the terms of any offer. Shareholders are advised to refrain from taking any action in respect of their shares in the company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the company. A further announcement will be made as and when appropriate in compliance with applicable laws and regulations.
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ACAQ | Hot Stocks17:50 EDT Athena Consumer Acquisition deadline to complete business combination extended - Athena Consumer Acquisition "announced that its board of directors has decided to extend the date by which Athena must consummate an initial business combination from September 22, 2023 for an additional month to October 22, 2023, and that its sponsor, Athena Consumer Acquisition Sponsor LLC deposited $60,000.00 into Athena's trust account in connection with this extension, the last of three potential one-month extensions of the Deadline Date available to Athena."
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JAZZ | Hot Stocks17:42 EDT Jazz Pharmaceuticals receives EC approval for Enrylaze - Jazz Pharmaceuticals announced that the European Commission has granted marketing authorization for Enrylaze for use as a component of a multi-agent chemotherapeutic regimen for the treatment of acute lymphoblastic leukemia and lymphoblastic lymphoma in adult and pediatric patients (1 month and older) who developed hypersensitivity or silent inactivation to E. coli-derived asparaginase. Enrylaze, approved as Rylaze in the United States and Canada, is a new Erwinia-derived asparaginase developed using a next-generation recombinant technology with a safety profile consistent with that of other asparaginase preparations.
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ADER | Hot Stocks17:35 EDT 26 Capital Acquisition going into liquidation - 26 Capital Acquisition will be unable to complete an initial business combination within the time period required by its Certificate of Incorporation due to the Delaware Court of Chancery's decision denying 26 Capital's request for an order of specific performance in an action against certain of the parties to the Merger and Share Acquisition Agreement which 26 Capital entered into on October 15, 2021. Accordingly, the final $275K monthly installment to extend the Combination Period until October 20, 2023 will not be deposited into 26 Capital's trust account and instead, 26 Capital intends to liquidate the Trust Account on September 21. 26 Capital intends to pursue all available remedies against the UEC Parties, including damages. 26 Capital will redeem all of the outstanding shares of common stock included in the units issued to public stockholders in its initial public offering at a per-share redemption price of approximately $10.95. As of the close of business on or about September 25, the Public Shares will be deemed cancelled and stockholders will have the right to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after September 28. 26 Capital's sponsor has agreed to waive its redemption rights with respect to its founder shares. There will be no redemption rights or liquidating distributions with respect to 26 Capital's warrants, which will expire. 26 Capital expects that Nasdaq will file a Form 25 with the SEC to delist 26 Capital's securities.
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CPTN | Hot Stocks17:35 EDT Cepton 1-for-10 reverse stock split becomes effective - Cepton announced that its previously announced 1-for-10 reverse stock split of its common stock, par value $0.00001 per share became effective on Thursday, September 21, 2023 at 5:00 p.m. Eastern Time. The company's Common Stock will begin trading on a split-adjusted basis on the Nasdaq Stock Market at the open of trading on September 22, 2023 under the existing symbol "CPTN" and new CUSIP number 15673X200. The Reverse Stock Split affected all issued shares of Common Stock. As a result of the Reverse Stock Split, every 10 shares of Common Stock issued as of the Effective Time were automatically combined into one share of Common Stock. No fractional shares were issued as a result of the Reverse Stock Split. Stockholders who would otherwise be entitled to a fractional share of Common Stock are instead entitled to receive a cash payment (without interest) in an amount equal to their respective pro rata share of the total proceeds of the sale of the aggregated fractional shares net of any brokerage and other costs incurred to sell such shares. The Reverse Stock Split affected all stockholders uniformly and did not alter any stockholder's percentage interest in the Company's outstanding Common Stock, except for adjustments that may result from the treatment of fractional shares, as described above.
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PROK | Hot Stocks17:08 EDT ProKidney investor Chamath Palihapitiya sells $9.3M in common stock - In a regulatory filing, ProKidney disclosed that its investor Chamath Palihapitiya sold 1.7M shares of common stock on September 19th in a total transaction size of $9.3M. Shares of ProKidney are down 3.5% afterhours at $4.20.
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PMD | Hot Stocks17:02 EDT Psychemedics appoints Shannon Shoemaker as Chief Revenue Officer - Psychemedics appointed Shannon Shoemaker as its new Chief Revenue Officer. Shannon Shoemaker. She has received accolades and awards including Business Women of the Year by CEO Today, The 10 Most Influential Businesswomen by CIO Look, and The 20 Most Successful Businesswomen to Watch by Insights Success.
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DDD | Hot Stocks17:00 EDT 3D Systems CFO Michael Turner to step down - 3D Systems "announced that Michael Turner is stepping down as the company's CFO, effective October 15, 2023, to accept a new career opportunity. Andrew Johnson, 3D Systems' executive vice president, chief corporate development officer, and chief legal officer, has been appointed interim CFO, effective October 16. The company has initiated an executive search to identify a permanent finance leader."
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BWA... | Hot Stocks16:57 EDT BorgWarner: 'Initial' impact of auto strikes on revenue 'relatively modest' - On its second quarter 2023 earnings call, BorgWarner (BWA) indicated that its aggregate sales to Ford (F), Stellantis (STLA), and General Motors (GM) in North America were expected to be just under $250M per month on average during 2023. Given that the initial United Auto Workers strikes against these North American customers are focused on select final assembly plants, the impact of the initial strikes on BorgWarner's sales is currently expected to be relatively modest. However, to the extent the strikes continue for several weeks or expand to impact other customer plants, including those customers' engine and transmission plants, the impact on BorgWarner's sales will be larger. The Company does not intend to provide additional updates on this subject until its third quarter earnings call on November 2. Thes ecomments were taken from a company 8K regulatory filing. Reference Link
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SCHL | Hot Stocks16:57 EDT Scholastic falls 12% to $34.15 after reporting Q1 results
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BWA... | Hot Stocks16:53 EDT BorgWarner: 'Initial' impact of auto strikes on revenue 'relatively modest' - On its second quarter 2023 earnings call, BorgWarner (BWA) indicated that its aggregate sales to Ford (F), Stellantis (STLA), and General Motors (GM) in North America were expected to be just under $250M per month on average during 2023. Given that the initial United Auto Workers strikes against these North American customers are focused on select final assembly plants, the impact of the initial strikes on BorgWarner's sales is currently expected to be relatively modest. However, to the extent the strikes continue for several weeks or expand to impact other customer plants, including those customers' engine and transmission plants, the impact on BorgWarner's sales will be larger. The Company does not intend to provide additional updates on this subject until its third quarter earnings call on November 2. Tthes comments were taken from a company 8K regulatory filing.
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BWA | Hot Stocks16:49 EDT BorgWarner says initial impact of UAW strikes on BorgWarner's sales 'modest' - In a regulatory 8-K filing, the company states: "On its second quarter 2023 earnings call, BorgWarner indicated that its aggregate sales to Ford, Stellantis, and General Motors in North America were expected to be just under $250 million per month on average during 2023. Given that the initial United Auto Workers strikes against these North American customers are focused on select final assembly plants, the impact of the initial strikes on BorgWarner's sales is currently expected to be relatively modest. However, to the extent the strikes continue for several weeks or expand to impact other customer plants, including those customers' engine and transmission plants, the impact on BorgWarner's sales will be larger. The Company does not intend to provide additional updates on this subject until its third quarter earnings call on November 2, 2023."
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SSYS... | Hot Stocks16:46 EDT Donerail reiterates intent to vote against Stratasys-Desktop Metal deal - The Donerail Group LP, a large shareholder of Stratasys (SSYS), issued an open letter to Stratasys' Board of Directors. In its letter, Donerail discusses its serious concerns with the proposed acquisition of Desktop Metal, Inc. (DM) by Stratasys and highlights the recommendation by leading proxy advisory firm Institutional Shareholder Services Inc. that Stratasys shareholders vote AGAINST the proposed acquisition of Desktop Metal. "In conjunction with our skepticism regarding a DM acquisition, we have extensively detailed our concerns regarding historical actions undertaken by the Board," the letter reads. "Notwithstanding the DM acquisition - a transaction that we intend to vote AGAINST given the multitude of clear value-creating options that do exist - our concern regarding the Board's ability to be appropriate fiduciaries for shareholders has risen to alarming levels. Yesterday, a leading proxy advisory firm, ISS, agreed with our assessment regarding a DM acquisition, publishing a report in which it explicitly recommended that 'shareholders should vote against the proposed transaction with DM,' detailing that 'it is not clear that [the proposed DM transaction] creates value for SSYS shareholders.' Other large shareholders have also publicly announced that they intend to vote AGAINST the proposed DM transaction. But, perhaps, in what spotlights what we believe to be grave and fundamental issues, ISS questioned critical matters that, we believe, speak to the Board's inability to act as fiduciaries and properly oversee Stratasys management. In the part of its report in which ISS assesses the SSYS criticism of the competency of the 3D Systems Corporation (DDD) management team in the context of a DDD merger proposal, ISS detailed that 'such concern appears to be primarily about the role that particular SSYS management members would play following a [DDD merger], and less about formulating a path to create value for its shareholders in a transaction.' Given these comments from ISS, how are shareholders to ever trust this Board's ability to oversee Stratasys management?"
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ONDS | Hot Stocks16:37 EDT Ondas promotes Yishay Curelaru to CFO - Ondas Holdings announced that Yishay Curelaru has been promoted to Chief Financial Officer, CFO , Treasurer and Secretary. Mr. Curelaru will report directly to Eric Brock, Ondas' Chief Executive Officer. In addition to his responsibilities at Ondas Holdings, Mr. Curelaru will continue to serve as CFO of Ondas' wholly owned subsidiary, Airobotics , and lead the financial management of the Ondas Autonomous Systems OASbusiness unit."I am pleased to have Yishay undertake this expanded role within Ondas Holdings," said Mr. Brock. "He brings extensive operating and financial experience to the company and has demonstrated exceptional performance and leadership in his operational, financial, and accounting roles at Ondas Autonomous Systems.
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OI | Hot Stocks16:36 EDT O-I Glass announces closure of Waco, Texas glass container plant - On September 19, 2023, O-I Glass "approved the closure of its Waco, Texas glass container plant. The closure is expected to occur on or after October 16, 2023. The Company intends to facilitate the closure in a respectful manner for the approximately 300 people impacted at the Waco plant. Current customers of the plant will be served by other domestic plants in the Company's network. The Company remains strongly focused on optimizing the overall efficiency of, and investments in, its regional plant network, and the decision to close the Waco plant is consistent with the Company's previously communicated initiatives to improve performance across its operations. Subject to finalization of certain estimates, the Company expects to record a charge associated with the Waco closure of approximately $60 million in the third quarter of 2023. Major components of the charge include approximately $32 million for impairment of plant-related assets, such as furnaces and machinery, and $28 million for one-time employee separation benefits and other costs related to the closing."
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FEAM | Hot Stocks16:34 EDT 5E Advanced Metals gets EPA authorization to conduct step-rate testing - 5E Advanced Materials announced that it has received authorization from the Environmental Protection Agency to inject water, which initiates Step-Rate Testing, a condition under the Company's underground injection control UIC permit required to complete the final tests of injection-recovery wells. This approval to progress under the terms of the Company's existing permit marks a meaningful step towards conducting full boric acid and lithium carbonate extraction operations. Crucially, receipt of approval to conduct the Step-Rate Test to inject water marks significant advancement of the Company's goal of becoming the primary local U.S. provider of boron solutions, and a leading global producer of boron and boron-advanced derivatives. This decision comes after transparent communication with the EPA to ensure all conditions are met to receive authorization to inject water. ..."We are thrilled to announce our receipt of authorization to begin Step-Rate Testing, allowing 5E to advance through the final stages of preparing the wellfield and its ore body before commencing commercial operations, bringing 5E closer to being the first commercial scale Boric Acid production project in decades," said Chris Knight, VP of Operations at 5E Advanced Materials."
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RF | Hot Stocks16:31 EDT Regions Financial names Russell Zusi chief risk officer - Regions Financial announced Chief Risk Officer Matt Lusco will retire at the end of 2023 following a nearly 45-year career in risk, finance, auditing, and accounting roles. Russell Zusi has been named to succeed Lusco effective Jan. 2, 2024. "Since joining Regions in 2011, Matt's strategic leadership has reinforced a strong risk-management culture throughout our company," said John Turner, President and CEO of Regions Financial Corp. "As a result of his insights and experience, Regions Bank has adopted more comprehensive risk frameworks, policies, and programs. We've built stronger risk-management teams, and all our associates understand their role in managing risks. We are deeply thankful for Matt's contributions. With the foundation he has established, we are well positioned to continue to deliver value to all our stakeholders."
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FFIE | Hot Stocks16:30 EDT Faraday Future names Matthias Aydt global CEO - Faraday Future Intelligent Electric announced the company's Board of Directors has appointed long term FF executive Matthias Aydt, Global CEO of Faraday Future, effective September 29, 2023. Also effective September 29, 2023, current Global CEO Xuefeng Chen will resume his prior position as FF China CEO, based in China and will take a new role as FF's EVP of Global Industrialization. "FF is currently focusing on ramping up FF91 production and beginning to generate revenue, improvement of product and technology capabilities and the development of next-generation products including AI developments," said Mr. Aydt. "I'm very excited for the new Global CEO role, and I'm confident that it will allow me to highlight my experience in product technology, research, and development for luxury car brands at global, world-class car companies and will provide tremendous value and leadership to FF."
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HPK | Hot Stocks16:28 EDT HighPeak Energy CEO buys $8.28M in common stock - In a regulatory filing, HighPeak Energy disclosed that its CEO Jack Hightower bought 500K shares of common stock on September 19th as part of an option expiry in a total transaction size of $8.28M.
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PNM | Hot Stocks16:23 EDT PNM Resources announces settlement agreement in San Juan coal plant case - PNM Resources reported that the New Mexico Public Regulation Commission - NMPRC - approved the unanimous settlement agreement reached by Public Service Company of New Mexico - PNM -, a wholly-owned subsidiary of PNM Resources, and parties in the case resolving all remaining steps involved in the retirement of the San Juan coal plant under New Mexico's Energy Transition Act. These steps include bill credits issued to customers and the issuance of lower-cost securitization bonds to fund the energy transition. Under the terms of the agreement, $115M in rate credits will be provided to customers over a one-year period. In addition, customers will be protected from rising interest rates if the weighted-average rate on the securitization bonds exceeds 5.5%.
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HLTH | Hot Stocks16:22 EDT Cue Health adopts limited-duration shareholder rights plan - Cue Health announced that its Board of Directors has unanimously approved the adoption of a limited-duration shareholder rights plan to protect the long-term interests of all shareholders. The Board adopted the Rights Plan in response to a rapid accumulation of shares by a third party. The Rights Plan is effective immediately and has a one-year term, expiring on September 20, 2024. "Cue is committed to engaging in constructive dialogue with our shareholders, and we value their perspectives," said Ayub Khattak, Chairman and Chief Executive Officer of Cue Health. "We are also focused on ensuring that all shareholders receive fair and equal treatment and are able to realize the full long-term value of their investment, which is what a Rights Plan is designed to do. As we look ahead, we are focused on executing our strategic plan, and we are confident that Cue is poised for significant sustainable growth with numerous near-term milestones." The Rights Plan is designed to reduce the likelihood that any entity, person, or group can gain control of Cue through open market accumulation without paying all other shareholders an appropriate control premium and on terms that would not deliver sufficient value for all shareholders. It will also give the Board sufficient time to make informed judgments and take actions that it believes are in the best interests of all shareholders. The Rights Plan does not preclude the Board from considering an offer that recognizes the full value of Cue.
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BALY | Hot Stocks16:18 EDT Bally's announces two new executive appointments - Bally's appointed Don Westcott as SVP, Global Chief Compliance Officer, and Tammi Barlow as Inaugural VP of Global Responsibility and Social Impact. Don Westcott has more than 25 years of experience within the financial technology and gaming industries. Most recently, he served as the Global Head of Compliance for Nuvei, an international payment service provider. Prior to that, he served in Vice President and Director roles with Fortune 500 companies Fiserv and First Data. He started his professional career within the gaming industry, including leadership roles with, among other enterprises, Caesars Entertainment, Osage Casinos, and the Isle of Capri Casinos. Prior to joining Bally's, Tammi Barlow led the development and execution of Rush Street Interactive's corporate social responsibility strategy. She is the previous co-chairwoman and is now a committee member of the Diversity, Equity, and Inclusion Committee for Global Gaming Women, and is currently Chairwoman of the Responsible Gaming Committee for the National Council on Problem Gambling, a Board member of the Massachusetts Council on Gaming and Health, and a committee member of African Americans in Gaming.
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AIG | Hot Stocks16:17 EDT AIG names Ed Dandridge chief marketing and communications officer - AIG announced that Edward L. Dandridge has joined the company as Executive Vice President and Chief Marketing & Communications Officer, effective October 16, 2023. Dandridge will report to Peter Zaffino, Chairman & Chief Executive Officer, and serve on AIG's Executive Leadership Team. Dandridge will lead the global teams that shape AIG's corporate reputation including Brand, Marketing, and External and Internal Communications, and he will closely collaborate with AIG's Investor Relations, Government Relations and Corporate Social Responsibility teams. He will support AIG businesses around the world in advancing AIG's global brand in the marketplace and will work with them to strategically position our businesses for continued growth and profitability. Zaffino said, "In recent years, we have made significant progress in positioning AIG for long-term profitable growth. I am pleased to welcome Ed back to AIG and look forward to working with him at this important time as we enter the next phase of our journey of being a top performing global insurer. Ed has a proven track record of partnering with the business to best position us to add meaningful value to our customers and distribution partners, along with other stakeholders."
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PIK | Hot Stocks16:16 EDT Kidpik granted 180-day extension to meet Nasdaq bid price requirement - Kidpik Corp. announced that the company received written notification from the Listing Qualification Department of The Nasdaq Stock Market LLC granting the company's request for a 180-day extension to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company now has until March 18, 2024 to meet the requirement. The company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) on March 22, 2023, and was given until September 18, 2023, to regain compliance. At any time during the additional 180-day extension, if the bid price of the company's common stock closes at, or above, $1.00 per share for a minimum of ten consecutive business days, the Nasdaq staff will provide the company with a written confirmation of compliance and the matter will be closed.
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SCVL | Hot Stocks16:15 EDT Shoe Carnival raises quarterly dividend by 20% to 12c per share - The dividend will be paid on October 17, 2023, to shareholders of record as of the close of business on October 3, 2023.
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LPLA | Hot Stocks16:14 EDT LPL: Total client cash balances August-end $48.28B down $0.6B from July- end - LPL Financial released its monthly activity report for August 2023. Total advisory and brokerage assets at the end of August were $1.27T a decrease of $7.1B, or 0.6%, compared to the end of July 2023.Total net new assets for August were $13.1B, translating to a 12.3% annualized growth rate. Total net new advisory assets were $8.3B, translating to a 14.6% annualized growth rate. Total client cash balances at the end of August were $48.2B, a decrease of $0.6B compared to the end of July 2023. Net buying in August was $12.7B.
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BSX | Hot Stocks16:11 EDT Boston Scientific EVP Fitzgerald sells 15,867 common shares - In a regulatory filing, Boston Scientific executive VP Joseph Michael Fitzgerald disclosed the sale of 15,867 common shares of the company on September 20 at a price of $55 per share.
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PBYI | Hot Stocks16:10 EDT Puma Biotechnology receives FDA orphan drug designation for Alisertib - Puma Biotechnology announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to alisertib, a selective, small-molecule, orally administered inhibitor of aurora kinase A, for the treatment of patients with small cell lung cancer. SCLC is an aggressive form of lung cancer with a poor prognosis, and with limited treatment options for patients whose cancer has progressed on or after platinum-based chemotherapy. "Obtaining Orphan Drug Designation from the FDA signifies our continued progress and commitment to the development of alisertib for the treatment of small cell lung cancer," said Alan H. Auerbach, Chief Executive Officer, President and Founder of Puma. "There is an urgent need for new treatments for patients with small cell lung cancer, and we look forward to the initiation of our Phase II trial (Study PUMA-ALI-4201) of alisertib in small cell lung cancer."
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PRPL | Hot Stocks16:08 EDT Purple Innovation appoints Todd Vogensen as CFO - Purple Innovation appointed Todd Vogensen as its CFO, effective October 16. Vogensen replaces Bennett Nussbaum who has been serving as interim CFO since August 2021. Most recently, Vogensen has led a finance team at Party City as Executive VP-CFO. Vogensen's career spans multiple publicly-traded retail brands including Chico's, Michaels and Gap.
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MAS | Hot Stocks16:06 EDT Masco names Richard Westenberg as new CFO - Masco "announced the election of Richard Westenberg as Vice President, CFO, effective October 16, 2023. Mr. Westenberg is a seasoned executive who brings to Masco over 25 years of experience, including nearly 15 years leading global finance organizations. Most recently, he served as Vice President and Chief Financial Officer of General Motors North America, overseeing the financial management and financial performance of this approximately $125 billion segment, and leading a team across the U.S., Canada and Mexico."
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QDEL | Hot Stocks16:05 EDT QuidelOrtho receives CLIA Waiver for Sofia 2 SARS Antigen+ FIA - QuidelOrtho announced FIA. The Sofia 2 SARS Antigen+ FIA is the first rapid antigen test that detects COVID-19 to be awarded FDA market clearance through the FDA's De Novo process and is now the first rapid antigen test also to receive CLIA waiver. The test is intended for prescription use only and can be used in CLIA-waived point-of-care settings. With the CLIA waiver, the Sofia 2 SARS Antigen+ FIA is deemed to be so simple and at such low risk of error that it no longer requires administration by trained clinical laboratory personnel, opening broader use in virtually any point-of-care setting equipped with Sofia 2 instruments. "As the first company to introduce a rapid antigen test for COVID-19 when the FDA granted Emergency Use Authorization for the Sofia SARS Antigen FIA in May of 2020, and the first to receive De Novo FDA clearance for our Sofia 2 SARS Antigen+ FIA, it is gratifying to also be the first to receive a full CLIA waiver for our Sofia 2 SARS Antigen+ FIA," said Douglas Bryant, President and Chief Executive Officer of QuidelOrtho. "In the world of in vitro diagnostics, this qualifies as a trifecta of innovation, advancement and accessibility. This CLIA waiver is further proof of QuidelOrtho's commitment to product efficacy, ease and ergonomics that help customers reduce costs and speed workflows, ultimately delivering better patient care."
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TXN | Hot Stocks16:03 EDT Texas Instruments increases dividend 5% to $1.30 per share - Texas Instruments will raise its quarterly cash dividend 5%, from $1.24 per share to $1.30, or $5.20 annualized. The higher dividend will be payable November 14 to stockholders of record on October 31, contingent upon formal declaration by the board of directors at its regular meeting in October.
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ACAB | Hot Stocks16:01 EDT Abpro to trade publicly after merging with Atlantic Coastal Acquisition II - The company states: "Abpro, a biotechnology company with the mission of improving the lives of those facing severe and life-threatening diseases with next-generation antibody therapies, and Atlantic Coastal Acquisition II, announced a term sheet to enter into a definitive business combination, which was entered into on September 18, 2023. The transaction is expected to close in Q2 of 2024 and would result in an implied equity valuation for Abpro of $725 million. Abpro is currently in the developmental phase of its next-generation antibody therapies, focusing on HER2+ cancer treatments, including breast, gastric and colorectal cancers, in addition to treatments for Wet AMD/DME and COVID-19. These antibodies are developed using Abpro's proprietary DiversImmune(R) platform. Last year, Abpro partnered with Celltrion, which is a leading South Korean pharmaceutical company, in an exclusive collaboration to further advance ABP 102, a t-cell engager, which is being developed for the treatment of HER2+ breast, gastric and pancreatic cancer. In connection with that transaction, Abpro received an equity investment from Celltrion and is eligible for potential milestones up to $1.75 billion."
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MITK EFX | Hot Stocks15:32 EDT Mitek Systems enters into strategic partnership with Equifax - Mitek Systems (MITK) "announced a strategic partnership with Equifax (EFX). The agreement will add Mitek's biometric-based identity verification and liveness detection technology to Equifax's digital identity software, further strengthening Equifax's ability to help companies prevent identity fraud. Credit card fraud is proven to be the top form of identity fraud with more than 400,000 reports in the past year. To combat emerging fraud threats, Equifax will leverage Mitek's artificial intelligence-powered identity verification technology with its own fraud data solutions."
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VFS | Hot Stocks15:31 EDT VinFast Auto sees FY23 vehicle deliveries 40,000-50,000 - Sees 2023-2024 CapEx to remain at 1H23 level. Says company on track to commence delivery of the VF 9 in North America and the VF 6 in Vietnam by end of this year. VF 7 and VF 3 expected to commence deliveries in 2024.
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HLIT | Hot Stocks15:05 EDT Scopia reports 5.1% stake in Harmonic, says intends to continue to engage - Scopia Capital Management disclosed a 5.1% stake in Harmonic and stated in a regulatory filing: "The shares held by the Investment Vehicles were purchased based on the Reporting Persons' belief that the shares, when purchased, were undervalued and represented an attractive investment opportunity... The Reporting Persons have engaged, and intend to continue to engage, in communications with the issuer's Board of Directors and management team regarding opportunities to enhance stockholder value."
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EBAY BX | Hot Stocks15:02 EDT eBay up 2% after report says Blackstone group exploring bid for Adevinta - Shares of eBay are up $1.12, or about 2% to $44.81 following Bloomberg's report.
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ACBA | Hot Stocks14:50 EDT Ace Global Business Acquisition announces extension of combination period - Ace Global Business Acquisition, a special purpose acquisition company, announced that at its special meeting of shareholders on September 19, the company's shareholders voted in favor of the proposal to amend and restate its amended and restated memorandum and articles of association, giving the company the right to extend the date by which the company has to complete a business combination a total of six times for an additional one month each time from October 8, 2023 to April 8, 2024.
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PAYO | Hot Stocks14:34 EDT Payoneer Global sees 25% growth in total B2B volume in 2024 - Payoneer anticipates mid-to-high single digit growth in marketplace volume in 2024. Anticipates 50%+ growth in Checkout volume in 2024. Anticipates 25% growth in total B2B volume in 2024. Says it "would anticipated a normalized interest rate environment of 2%-3% over the medium- to long-term." Comments taken at the company's Investor Day.
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SKX | Hot Stocks13:59 EDT Skechers CFO says back half 'a little bit softer' than anticipated in wholesale - Asked during the Wells Fargo Consumer Conference how the company is thinking about wholesale into the second half, Skechers CFO John Vandemore replied, according to a transcript of the event: "Well, we haven't really adjusted our view on the full year, just mathematically, what that meant because the second quarter was a little bit better than expected, we've flowed through some of that to the back half of the year. That makes the back half look a little weaker than maybe we had originally expected, but that it really is just math to hold the year constant because, again, we haven't seen that reorder come through yet or massive collapse. If we do start to see that there's absolutely opportunity to outperform, and we'd be open to have that happen, but we haven't seen it yet in the years close pretty fast. So I would say in the back half right now, it's a little bit softer than we originally indicated, but really that's the whole the whole year view consistent with how we started. And again, what we're hoping for is that some of those green shoots that we've seen in the business start to materialize in the form of either pulled forward orders or incremental orders because that's what we'll ultimately get the product into their hands and then into the consumer's hands."
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UPS | Hot Stocks13:43 EDT UPS reaches pact with DOJ to resolve immigration-related discrimination claims - The U.S. Justice Department announced that it has secured a settlement agreement with United Parcel Service. The settlement resolves the department's determination that UPS violated the Immigration and Nationality Act when the company discriminated against a lawful permanent resident based on his immigration status and then retaliated against him. The department also determined that UPS routinely rejected valid documentation that certain non-U.S. citizens presented to obtain an airport badge, which they needed to perform certain job duties at an UPS airport facility. "Employers cannot create unlawful barriers based on workers' immigration status at any point during the hiring process," said Assistant Attorney General Kristen Clarke of the Justice Department's Civil Rights Division. "The Civil Rights Division will vigorously enforce the law to ensure employers conduct all parts of the hiring process fairly and that workers are not retaliated against for exercising their rights." Under the settlement, UPS will pay nearly $100,000 in back pay, front pay and associated benefits to the affected worker. It will also pay a civil penalty to the United States, train its staff on the INA's anti-discrimination provision, revise its policies and procedures and be subject to monitoring by the department.
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MSFT | Hot Stocks13:11 EDT Microsoft confirms Copilot AI to begin rolling out September 26 - Microsoft said in a blog post: "We are entering a new era of AI, one that is fundamentally changing how we relate to and benefit from technology. With the convergence of chat interfaces and large language models you can now ask for what you want in natural language and the technology is smart enough to answer, create it or take action. At Microsoft, we think about this as having a copilot to help navigate any task. We have been building AI-powered copilots into our most used and loved products - making coding more efficient with GitHub, transforming productivity at work with Microsoft 365, redefining search with Bing and Edge and delivering contextual value that works across your apps and PC with Windows. Today we take the next step to unify these capabilities into a single experience we call Microsoft Copilot, your everyday AI companion. Copilot will uniquely incorporate the context and intelligence of the web, your work data and what you are doing in the moment on your PC to provide better assistance - with your privacy and security at the forefront. It will be a simple and seamless experience, available in Windows 11, Microsoft 365, and in our web browser with Edge and Bing. It will work as an app or reveal itself when you need it with a right click. We will continue to add capabilities and connections to Copilot across to our most-used applications over time in service of our vision to have one experience that works across your whole life. Copilot will begin to roll out in its early form as part of our free update to Windows 11, starting Sept. 26 - and across Bing, Edge, and Microsoft 365 Copilot this fall." Reference Link
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NMG PCRFY | Hot Stocks13:09 EDT Nouveau Monde, Panasonic Energy announce progress on collaboration - Nouveau Monde Graphite (NMG) and Panasonic Energy, a wholly owned subsidiary of Panasonic Holdings Corporation (PCRFY), are progressing through their technological engagement and commercial discussions toward a definitive offtake agreement on the foundation of their framework agreement targeting NMG's fully integrated ore-to-anode-material production. As previously disclosed, Panasonic Energy considers purchasing NMG's commercial production out of its Phase-2 Becancour Battery Material Plant. The contemplated commercial agreement echoes Panasonic Energy's commitment to reduce its carbon footprint by 2031. It also reiterates NMG's attractive and responsible business model set to supply the North American battery market with a high-quality, local, and sustainable source of active anode material.
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UBSFY | Hot Stocks12:12 EDT Ubisoft confirms working on 'Tom Clancy's The Division 3' game - Ubisoft's Massive Entertainment announced that Julian Gerighty has been appointed Executive Producer for the "Tom Clancy's The Division" brand. Julian will oversee all games and products, including "Tom Clancy's The Division 3," led by Massive Entertainment who is actively building a team for the game. Reference Link
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WPC | Hot Stocks12:00 EDT W.P. Carey falls -8.3% - W.P. Carey is down -8.3%, or -$5.31 to $58.64.
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EDR | Hot Stocks12:00 EDT Endeavor Group falls -8.7% - Endeavor Group is down -8.7%, or -$1.94 to $20.43.
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LVWR | Hot Stocks12:00 EDT LiveWire falls -9.1% - LiveWire is down -9.1%, or -75c to $7.49.
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CATO | Hot Stocks12:00 EDT Cato Corp. rises 6.2% - Cato Corp. is up 6.2%, or 46c to $7.82.
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SNDA | Hot Stocks12:00 EDT Sonida Senior Living rises 6.3% - Sonida Senior Living is up 6.3%, or 57c to $9.74.
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GFOR | Hot Stocks12:00 EDT Graf Acquisition IV rises 10.9% - Graf Acquisition IV is up 10.9%, or $1.06 to $10.80.
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CFFE | Hot Stocks11:49 EDT CF Acquisition Corp VIII trading resumes
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FDS | Hot Stocks11:44 EDT FactSet sees 'weaker' 1H24, 'stronger' 2H, driven by improved client sentiment - Comments taken from Q4 earnings conference call.
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CFFE | Hot Stocks11:44 EDT CF Acquisition Corp VIII trading halted, volatility trading pause
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PYPD | Hot Stocks11:32 EDT PolyPid trading resumes
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PYPD | Hot Stocks11:27 EDT PolyPid trading halted, volatility trading pause
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OKE MMP | Hot Stocks11:25 EDT Oneok shareholders, Magellan unitholders approve merger - Oneok (OKE) and Magellan Midstream Partners (MMP) announced that, at their respective special meetings, Oneok shareholders and Magellan unitholders approved the previously announced merger. The merger remains subject to satisfaction of other customary closing conditions and is anticipated to close before market on Monday, September 25, with Magellan common units expected to cease trading on the New York Stock Exchange at the close of business on Friday, September 22. As previously announced, upon completion of the transaction, Magellan unitholders will receive $25.00 in cash and 0.667 shares of Oneok common stock for each outstanding Magellan common unit they own immediately prior to the effective time of the transaction.
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LUNA | Hot Stocks11:09 EDT Luna Innovations wins contract for mine conveyor belt monitoring - Luna Innovations won a large contract to provide heat detection monitoring of 40 kilometers of conveyor belt in 11 South African mines. Luna's contract is with a South African provider of risk-management solutions that is providing services to the operator of the mines.
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KEYS SNPS | Hot Stocks11:04 EDT Keysight, Synopsys partner for IoT device cybersecurity - Keysight Technologies (KEYS) and Synopsys (SNPS) are partnering to provide internet of things device makers with a comprehensive cybersecurity assessment solution to ensure consumers are protected when devices are shipped to market. Under the arrangement, the Synopsys Defensics fuzzing tool will be embedded as an option into the Keysight IoT Security Assessment solution.
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CMCSA GM | Hot Stocks10:16 EDT Comcast appoints Rocky Gupta as EVP, treasurer - Comcast Corporation (CMCSA) has named Rocky Gupta as Executive Vice President and Treasurer of the company. He joins Comcast from General Motors (GM) where he recently led its treasury and finance organizations. As Comcast's Treasurer, Mr. Gupta will oversee the company's relationships with financial institutions across its Connectivity & Platforms and Content & Experiences businesses and manage its capital allocation, capital formation, credit-related matters, and investment management activities. He will report to Jason S. Armstrong, CFO of Comcast Corporation, upon his arrival at Comcast later this month.
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RETA BIIB | Hot Stocks10:10 EDT Reata stockholders approve merger transaction with Biogen - Reata Pharmaceuticals (RETA) announced that at a special meeting held today, preliminary results indicate that the stockholders of the company voted to approve the company's previously announced acquisition by Biogen (BIIB). The expected closing date of the merger is September 26, the company stated. "We are pleased to announce that our stockholders have approved our acquisition by Biogen. This marks a significant milestone in Reata's journey, and I thank our stockholders for their strong support. We believe the acquisition by Biogen will significantly advance Reata's vision of developing and delivering novel therapies to patients with rare diseases," said Warren Huff, Chairman and CEO at Reata.
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FERG | Hot Stocks10:03 EDT Ferguson invests in VODA.ai, terms not disclosed - VODA.ai announced a recent investment from Ferguson Ventures. VODA.ai's solutions help utilities make better-informed decisions using artificial intelligence. This collaboration with Ferguson, a leading North American value-added distributor serving the built-world industry, allows VODA.ai to concentrate on continued growth and distribution. By combining VODA.ai's insights on pipe vulnerabilities and Ferguson's cutting-edge solutions and products, both entities can collaboratively enhance the longevity and reliability of water infrastructure systems. Ferguson and VODA.ai have entered an exclusive distribution relationship in the US market, amplifying and accelerating VODA.ai's ability to serve utilities.
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MSC | Hot Stocks10:03 EDT Studio City falls -7.1% - Studio City is down -7.1%, or -45c to $5.90.
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ZIP | Hot Stocks10:03 EDT ZipRecruiter falls -7.4% - ZipRecruiter is down -7.4%, or -$1.02 to $12.84.
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EDR | Hot Stocks10:03 EDT Endeavor Group falls -8.4% - Endeavor Group is down -8.4%, or -$1.87 to $20.50.
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VLO | Hot Stocks10:03 EDT Valero rises 5.7% - Valero is up 5.7%, or $8.10 to $151.07.
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PBF | Hot Stocks10:03 EDT PBF Energy rises 5.7% - PBF Energy is up 5.7%, or $3.03 to $55.93.
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BMRN | Hot Stocks10:02 EDT BioMarin to present data showing LT benefit of Voxzogo on children's growth - BioMarin Pharmaceutical announced that new data on VOXZOGO in children with achondroplasia will be presented at the 61st Annual European Society for Paediatric Endocrinology Meeting in The Hague, Netherlands. In an open-label, long-term Phase 2 extension study, VOXZOGO demonstrated consistent and durable growth benefits in young children with achondroplasia when initiated before the age of 5. Over a four-year period, children aged 2 years and above who received VOXZOGO exhibited a mean height Z-score improvement exceeding 1 standard deviation compared to control groups and a height gain of more than 6 centimeters during this time period. Additionally, children under the age of 2 years, treated with VOXZOGO for three years, demonstrated substantial height gains, reflected in a mean height Z-score improvement of 0.79 standard deviations compared to controls and a height gain of more than 3 cm during this time period. Both groups of treated children demonstrated substantial restoration of height when compared to untreated children with achondroplasia. VOXZOGO is currently approved in Europe in children with achondroplasia who are 2 years of age and older with open growth plates. Last week, the European Medicines Agency's Committee for Medicinal Products for Human Use adopted a positive opinion recommending marketing authorization to expand the indication for VOXZOGO for injection to treat children with achondroplasia aged 4 months and older whose epiphyses are not closed. VOXZOGO is also currently approved in the United States in children with achondroplasia who are 5 years of age and older with open growth plates. The U.S. FDA has set a PDUFA Target Action Date of Oct. 21, 2023, for the company's Supplemental New Drug Application for VOXZOGO to expand treatment in the U.S. to include children with achondroplasia under 5 years of age.
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FDX | Hot Stocks10:00 EDT FedEx rises 5.9% - FedEx is up 5.9%, or $14.84 to $265.36.
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SBSW | Hot Stocks09:51 EDT Sibanye Stillwater falls -6.4% - Sibanye Stillwater is down -6.4%, or -43c to $6.39.
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EDR | Hot Stocks09:51 EDT Endeavor Group falls -6.8% - Endeavor Group is down -6.8%, or -$1.53 to $20.84.
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MSC | Hot Stocks09:51 EDT Studio City falls -7.1% - Studio City is down -7.1%, or -45c to $5.90.
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JDST | Hot Stocks09:51 EDT Direxion Daily Junior Gold Miners Index Bear 3x Shares rises 5.3% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is up 5.3%, or 37c to $7.30.
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VLO | Hot Stocks09:50 EDT Valero rises 5.4% - Valero is up 5.4%, or $7.65 to $150.62.
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FDX | Hot Stocks09:47 EDT FedEx rises 5.8% - FedEx is up 5.8%, or $14.55 to $265.07.
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MURF | Hot Stocks09:37 EDT Murphy Canyon Acquisition Corp trading resumes
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UPTD | Hot Stocks09:37 EDT TradeUP Acquisition Corp trading resumes
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CNVS | Hot Stocks09:33 EDT Cineverse partners with Whip Media for payments platform integration - Cineverse announced a partnership with Whip Media. Using its Content Value Management software platform, Whip Media will help Cineverse automate and more efficiently manage content partner royalty payments for its expansive distribution network across Cineverse direct and third-party platforms.
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MURF | Hot Stocks09:32 EDT Murphy Canyon Acquisition Corp trading halted, volatility trading pause
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UPTD | Hot Stocks09:32 EDT TradeUP Acquisition Corp trading halted, volatility trading pause
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FRSX | Hot Stocks09:32 EDT Foresight Autonomous partners with electric vehicle manufacturer - Foresight Autonomous Holdings announced the signing of a multi-phase cooperation agreement with a leading global electric vehicle Chinese original equipment manufacturer, specializing in EVs, rechargeable batteries and related products. The first phase of the agreement consists of a proof of concept project to evaluate Foresight's 3D perception capabilities, including high resolution point cloud, object detection and disparity map, for possible enhancement of the OEM's current automotive vision solution. Upon successful completion of the POC project, the parties intend to negotiate a definitive commercial agreement for the joint development, integration and commercialization of Foresight's technology into the OEM's automotive vision systems. Furthermore, the OEM will introduce Foresight's technology to its subsidiaries as well as customers and partners, presenting Foresight as a business partner and facilitating relationships between Foresight and the OEM's partners.
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SGML | Hot Stocks09:28 EDT Sigma Lithium shipping 22,500 tons of green lithium to Glencore - Sigma Lithium has prepared 22,500 tons of battery-grade, carbon neutral, zero hazardous chemicals and zero tailings sustainable lithium at Vitoria Port to be shipped to Glencore. The shipment is part of an agreement with Glencore that aims to build a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles. Sigma Lithium lowered its carbon footprint with a series of initiatives. The company's Triple Zero Green Lithium is produced at its Greentech lithium plant at its Grota do Cirilo Project in Brazil, the first lithium project in the world without a tailings dam. With 100% dry-stacked tailings and the absence of hazardous chemical products for processing lithium, the company is preventing water and soil contamination and contributing to the preservation of rivers and forests in the region. Further, due to the carbon content of Sigma Lithium's products, as well as its production methods, the company's carbon footprint was offset with carbon credits purchased from Carbonext, making the shipment carbon neutral.
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INST | Hot Stocks09:24 EDT Instructure partners with K16 Solutions for Canvas archiving solution - Instructure announced an exclusive partnership with K16 Solutions, a provider of content and data migration and integration, extending access to an archiving solution to all Canvas customers. The solution, Canvas Archiving Powered by K16 Solutions, is available immediately to Canvas customers worldwide. Canvas Archiving Powered by K16 Solutions gives Canvas users a way to control access to sensitive data and back up all student and course data with the click of a button.
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MULN | Hot Stocks09:23 EDT Mullen Automotive announces purchase of cargo vans by NYPA - Mullen Automotive announced the New York Power Authority has purchased Mullen's Campus Delivery Cargo Vans after successful completion of an EV pilot program at NYPA's 16-turbine hydroelectric facility in northern New York. The 60-day EV cargo van pilot began on July 6, 2023, and concluded in early September 2023. As a result, NYPA will purchase the initial pilot vehicles for fleet operations at its St. Lawrence-Franklin D. Roosevelt Power Project, NYPA's first active power plant, which opened in 1958. The Power Authority is assessing additional NYPA locations for Mullen's full lineup of commercial EVs, including Class 1 EV cargo vans and Class 3 EV cab chassis trucks.
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TPET | Hot Stocks09:19 EDT Trio Petroleum provides update on testing of HV-1 Discovery Well - Trio Petroleum provided an update on the testing of the HV-1 discovery well at the Company's South Salinas Project. The Brown Zone in the HV-1 well was perforated on September 7 with 350 feet of perforations across a gross interval from 5,465 to 5,850 feet measured depth and then acidized for borehole clean-up. The well was then tested by swabbing for seven days during the September 8-18 timeframe. A pumping unit is now being installed at the HV-1 well for further testing of the Brown Zone and temporary tanks and other facilities are also being installed at the well site. Results of pumping will be announced when available. The Brown Zone in the HV-1 well is mechanically isolated from the deeper Mid-Monterey Clay zone that we previously tested with results previously announced. Swab testing to-date suggests that the Brown Zone and the Mid-Monterey Clay collectively, if commingled, might deliver approximately 145 barrels of oil per day, with potentially significantly higher oil production rates when the well is on pump. Trio's CEO, Frank Ingriselli, stated: "We continue to be encouraged by the preliminary test results at the HV-1 well. We should get a much better understanding of the potential rates of oil and gas production at the well by having it on pump. Though our original primary objective was the Yellow Zone, also known as the Yellow Chert, which we still believe will be the most prolific producing zone of the structure, we have been very encouraged by the results in the Brown Zone and the Mid-Monterey clay. Given the greater than expected positive results, we may decide to initially produce from the Brown Zone, or to produce from the Brown Zone and the Mid-Monterey clay commingled for the foreseeable future and wait moving up-hole to the top of the anticline to test and produce from our primary objective - the Yellow Zone. We will continue to announce results as additional information becomes available."
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NBIX | Hot Stocks09:18 EDT Neurocrine presenting post hoc data analysis in congenital adrenal hyperplasia - Neurocrine will present a new post hoc analysis of Phase 2 data of the investigational drug crinecerfont in adolescent patients with classic congenital adrenal hyperplasia due to 21-hydroxylase deficiency. The analysis suggests that adolescents with classic CAH who have more elevated baseline hormone levels may have the potential for a greater response to treatment with crinecerfont and may experience a reduction in androgen levels across a broad range of glucocorticoid doses. These new data will be presented at the 61st Annual European Society for Pediatric Endocrinology Meeting in The Hague Sept. 21-23. A strong correlation was found between baseline hormone concentration and change from baseline to Day 14 for 17-OHP, ACTH and A4, with the greatest reductions observed in participants with the highest baseline hormone levels. These data suggest adolescents with higher baseline hormone concentrations may have the potential for a greater response to treatment with crinecerfont. However, there was no correlation between baseline GC dose and treatment response, which suggests that androgen reduction might occur across a broad range of GC doses in this population. In the Phase 2 study, crinecerfont was generally well tolerated in adolescents, with no serious adverse events or discontinuations due to adverse events.
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NVEI | Hot Stocks09:18 EDT Ubuy selects Nuvei to enhance customer checkout experience - Nuvei Corporation has been selected by Ubuy to enhance its customer checkout experience. Ubuy is leveraging Nuvei's global reach, local payments market expertise, and extensive suite of alternative payment methods, to enter new markets and offer its customers a diverse selection of payment options. Nuvei currently offers its customers access to 634 APMs, all available through a single integration. Online businesses can tailor each respective end market via the most relevant payment methods for that region to optimize the consumer checkout experience.
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IOT | Hot Stocks09:18 EDT Samsara falls 5% to $23.98 after Strong Sell call from Spruce Point Management
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LEXX | Hot Stocks09:17 EDT Lexaria Bioscience to evaluate impact of DehydraTECH on GLP-1 drugs - Lexaria Bioscience announces its intention to launch new human and animal studies to examine DehydraTECH-processed glucagon-like peptide-1 drugs such as, but not limited to, semaglutide sold under Novo Nordisk's brand names Ozempic, Wegovy and Rybelsus, for purposes of improved bioavailability, cost-effectiveness, tolerability, weight loss potential, management of diabetes and other health conditions. Through these studies, Lexaria hopes to achieve superior pharmacokinetic performance using DehydraTECH-powered GLP-1 drugs which could enable drug delivery via oral capsule at lower costs than current injectables, with reduced side effects and enhanced health benefits. This is a significant expansion of Lexaria's ongoing and planned diabetes study program to examine its patented DehydraTECH-CBD for diabetes control in humans. The Company now intends to evaluate this alongside and together with DehydraTECH-processed GLP-1 agents. Program design has already commenced, and initial study work will begin as soon as possible.
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AYRO | Hot Stocks09:15 EDT AYRO secures second electric vehicle design patent - AYRO has been issued U.S. Patent No. D997786 from the U.S. Patent Office and Trademark Office for additional components of the AYRO Vanish. The design patent titled "Electric Vehicle" pertains to the common chassis base profile and reconfigurable cargo subsystems of the Vanish. This is the second design patent that has been issued for the Vanish and is one of several patents that the Company has applied for as part of the vehicle's design.
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NWS... | Hot Stocks09:13 EDT Rupert Murdoch stepping down as chairman of News Corp. and Fox - Fox Corporation (FOXA, FOX) and News Corporation (NWS, NWSA) announced that Rupert Murdoch is stepping down as chairman of each board effective as of the upcoming annual general Meeting of shareholders of each company in mid-November. Murdoch will be appointed Chairman Emeritus of each company. Following the annual meetings, Lachlan Murdoch will become sole Chair of News Corp. and continue as Executive Chair and Chief Executive Officer of Fox Corporation. Lachlan Murdoch said, "On behalf of the FOX and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career. We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted. We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies."
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CCLD... | Hot Stocks09:10 EDT CareCloud to showcase generative AI solution at ChromeOS Partner Summit - CareCloud (CCLD) announced its participation at Google's ChromeOS Partner Summit: Solution Showcase, taking place in New York on October 18, 2023. At this exclusive event, CareCloud will showcase its collaboration with Google Cloud (GOOG;GOOGL), announced in late July 2023. This partnership combines CareCloud's AI experience with Google Cloud's generative AI technology to enhance ambulatory practices, particularly benefiting small- to medium-sized healthcare providers. Adeel Sarwar, chief technology officer at CareCloud, remarked, "We've harnessed the capabilities of AI and ML for the last two decades. As we stand on the cusp of the next era of healthcare, we're thrilled to unveil our groundbreaking generative AI solutions at the ChromeOS Partner Summit: Solution Showcase. CareCloud's investment to leverage AI for healthcare solutions has consistently propelled us to the forefront of the industry. We eagerly anticipate the opportunity to share our vision for the future of healthcare technology with attendees, marking a significant milestone in our journey."
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NWS | Hot Stocks09:10 EDT News Corp. says Rupert Murdoch stepping down as chairman
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PRPO | Hot Stocks09:08 EDT Precipio announces 1-for-20 reverse stock split - Precipio announced that it has implemented a 1-for-20 reverse stock split of outstanding shares of the company's common stock in order to regain compliance with the Nasdaq minimum bid price requirement of $1.00. The primary goal of the reverse stock split is to increase the per share market price of the company's common stock to meet the minimum per share bid price requirement for continued listing on The Nasdaq Capital Market. Many individual investors, and some institutional investors, are prohibited from trading shares of companies below $2, and some are prohibited from trading shares below $5. The post-reverse stock split share price should enable the company to broaden its potential pool of investors to include both individual and institutional investors who face such restrictions. This is expected to increase demand for the stock. "I understand the disappointment many of our shareholders feel, and the negative sentiment attached to the reverse stock split. I urge you to look at our company performance as measured by revenues, margins and cash, and you will see a good story developing", said Ilan Danieli, CEO. The reverse stock split will become effective at 5:00 p.m. Eastern Time on September 21, 2023, after close of trading on The Nasdaq Capital Market.
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RCI | Hot Stocks09:08 EDT Rogers Communications investing in wildfire detection, prevention technology - Rogers Communications is investing in wildfire detection and prevention technology as part of the company's commitment to keeping Canadians and first responders safe. The company will use its national network and technology partnerships to help combat climate change-related events in communities across the country. Rogers is using satellite-connected sensors, with SpaceX's low-bandwidth Swarm service, to better predict wildfires in remote areas of British Columbia without wireless networks. Rogers is introducing Pano AI cameras on the Rogers 5G network that detect smoke up to a 20-kilometre range. The AI cameras will be located on wireless towers in the province near Fort St. James, Smithers and Chetwynd. The company is also donating satellite phones to the British Columbia Search and Rescue Association to support first responders.
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SO | Hot Stocks09:07 EDT Southern Company acquires Millers Branch Solar Facility in Texas - Southern Company's U.S. wholesale energy provider and subsidiary Southern Power announced the acquisition of its 29th solar project - Millers Branch Solar Facility - from EDF Renewables. The 200 MW facility is currently in the early stages of development and has the potential to expand up to 500 MW. The project, located in Haskell County, Texas, contributes to the company's renewable fleet of clean generating assets from California to Maine. Southern Power will lead the continued development and construction of Millers Branch, which is expected to achieve commercial operation in Q4 2025. Once operational, the electricity and associated renewable energy credits generated by the 200 MW facility will be sold under a 20-year virtual power purchase agreement with Thermo Fisher Scientific, which uses the renewable energy certificates to drive progress toward its net zero-by-2050 commitment.
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KRYS | Hot Stocks09:05 EDT Krystal Biotech announces FDA clearance of IND application for KB408 - Krystal Biotech announced that the U.S. Food and Drug Administration, FDA, cleared the Investigational New Drug Application, IND, for KB408 for the treatment of alpha-1 antitrypsin deficiency, AATD. "We are excited to advance KB408, our investigational gene therapy for patients with alpha-1 antitrypsin deficiency, into the clinic in our Serpentine-1 study," said Hubert Chen, M.D., Senior Vice President of Clinical Development at Krystal Biotech. Dr. Chen continued, "This IND acceptance represents an important milestone for us as we work to address a serious lung disease with limited treatment options, and also allows us to demonstrate the potential of our platform to deliver genes repeatedly to epithelial cells of the lung."
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STM | Hot Stocks09:05 EDT STMicroelectronics adds new software to STM32Cube development tools - STMicroelectronics has added new software to its STM32Cube development tools that simplifies connecting high-performing Internet of Things devices to the AWS cloud. ST has released the X-CUBE-AWS-H5 expansion package which enables a seamless and secure connection to the AWS cloud. It contains a set of libraries and application examples designed for high-performance microcontrollers of the STM32H5 series, which act as end devices. The solution is built on the FreeRTOS open-source real-time operating system and ST's Secure Manager embedded security software. The recently announced STM32H5 Discovery kit is available to use with this solution and lets developers easily and securely connect their STM32H5-based prototypes to AWS IoT Core.
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NWBI | Hot Stocks09:05 EDT Northwest Bancshares CFO/COO William Harvey, Jr. to retire December 31, 2024 - Northwest Bancshares and Northwest Bank announced that they have entered into a retirement agreement and a consulting agreement pursuant to which Senior Executive Vice President, CFO and COO William Harvey, Jr. will transition from his current roles in 2024. Harvey will retire from the company and Northwest Bank and their associated boards on December 31, 2024 but remain with the organization as a consultant through December 31, 2025. His continued employment and consulting periods are designed to assist with a seamless transition of duties. The company and Northwest Bank have initiated a search to hire an individual who will serve as Harvey's replacement as CFO. The search will consider both internal and external candidates. The company estimates that the search will take four to six months to complete.
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TKO | Hot Stocks09:04 EDT WWE, NBCUniversal enter five-year domestic media rights partnership - WWE, part of TKO Group, and NBCUniversal have agreed to a five-year domestic media rights partnership that will bring Friday Night SmackDown back to USA Network beginning October 2024. Additionally, beginning in the 2024/25 season, WWE will produce four primetime specials per year that will air on NBC, marking the first time WWE will air on the network in primetime. SmackDown will come exclusively to NBCU as one of television's longest-running programs.
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PRTK | Hot Stocks09:04 EDT Gurnet Point, Novo complete acquisition of Paratek Pharmaceuticals - Gurnet Point Capital and Novo Holdings announced the completion of their acquisition of Paratek Pharmaceuticals. "Today's completion of the acquisition of Paratek by Gurnet Point and Novo Holdings represents the beginning of a new chapter in our Company's history," said Evan Loh, M.D., Chief Executive Officer at Paratek. "We look forward to drawing upon the extensive experience of both Gurnet Point and Novo Holdings to provide lifesaving, transformative therapies to patients." The consideration paid to stockholders in the transaction was $2.15 per share in cash, plus a Contingent Value Right of $0.85 per share payable upon the achievement of $320 million in U.S. NUZYRA net sales in any calendar year ending on or prior to December 31, 2026. Under the terms of the merger agreement, Gurnet Point and Novo Holdings acquired all outstanding shares of Paratek for approximately $462 million, including the assumption of debt and assuming full payment of a CVR. Stockholders approved the merger agreement proposal at Paratek's special meeting of stockholders on September 18, 2023 in connection with the previously announced definitive agreement between the Company, Gurnet Point and Novo Holdings. Paratek will be delisted from NASDAQ Global Exchange.
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AJG | Hot Stocks09:04 EDT Arthur J. Gallagher acquires Ace Commercial Insurance Center - Arthur J. Gallagher announced the acquisition of Corona, California-based Ace Commercial Insurance Center. Terms of the transaction were not disclosed. Ace is a specialist insurance broker serving the trucking industry primarily in Southern California. Jackie Hoang, Anhdy Nguyen and their team will remain in their current location under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.
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TCBI | Hot Stocks09:04 EDT Texas Capital appoints Amos McDonald as head of business banking - Texas Capital Bancshares announced that the firm has appointed Amos McDonald as head of Business Banking, effective immediately. McDonald is based in The Woodlands, Texas, and is responsible for setting and driving production goals within the firm's Business Banking division and leading a seasoned team of bankers. He reports to Texas Capital Managing Director and Head of Commercial Banking Jay Clingman, who is responsible for the firm's commercial strategy and expanding its commercial client base. McDonald has been with Texas Capital for two years, previously serving as Business Banking group manager for The Woodlands market.
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LIQT | Hot Stocks09:02 EDT LiqTech receives two marine scrubber water treatment system orders - LiqTech has received an order for two marine scrubber water treatment system sales in China. These projects will deploy an upgraded, modular designed marine scrubber water treatment system, based on LiqTech's proprietary silicon carbide membrane technology. The order was received through LiqTech's recently enhanced distribution relationship with Joyo in China.
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STM | Hot Stocks09:02 EDT STMicroelectronics releases software to connect IoT devices to Microsoft IoT Hub - STMicroelectronics has released software that simplifies connecting IoT devices built using the latest high-performing STM32H5 microcontrollers to Microsoft Azure IoT Hub. ST's STM32Cube expansion package, named X-CUBE-AZURE-H5, consists of a set of libraries and application examples for high-performance microcontrollers of the STM32H5 series, acting as end devices. The sample application shows secure device-to-cloud connectivity with Azure IoT Hub, including network configuration and data publishing. The application handles Azure messages, methods, and twin update commands. This solution also leverages ST's embedded security software, Secure Manager, to connect securely the STM32H5 to Microsoft Azure cloud.
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LII | Hot Stocks09:02 EDT Lennox to sell European commercial HVAC and refrigeration businesses - Lennox announces it has entered into an agreement to sell its European commercial HVAC and refrigeration businesses, headquartered in Lyon, France, to funds managed by Syntagma Capital. The closing of the transaction is subject to obtaining required consents, works council consultations, and customary closing conditions. The transaction is expected to be completed in the fourth quarter of 2023. "The agreement to sell the European commercial HVAC and refrigeration business will be the best way to bring closure to our portfolio simplification decision announced last year. Our focus on North America will enable us to better serve our customers and achieve growth acceleration and margin resiliency," said CEO Alok Maskara.
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RBT | Hot Stocks09:00 EDT Rubicon Technologies enters five-year smart city partnership with Phoenix - Rubicon Technologies announced that it has entered into a five-year smart city partnership with the City of Phoenix, Arizona to digitize and improve efficiencies across the City's solid waste collection operation. The agreement will put Rubicon's smart city software at the heart of Phoenix's Public Works Department, providing waste and recycling collection to more than 418,000 locations weekly. Rubicon will help the City digitize its solid waste collection operation, transitioning from largely manual and paper-based processes to using tablets running Rubicon's software in Phoenix's solid waste and recycling fleet of more than 300 vehicles. The City will use Rubicon's technology to streamline collection services, and reduce missed pickups and unnecessary go-backs. With digital routes, the City will be able to closely monitor route performance, identify areas where waste and recycling services can be improved, and make data-driven decisions to enhance route efficiency and better serve the Phoenix community.
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IMMX | Hot Stocks08:57 EDT Immix Biopharma receives orphan drug designation for NXC-201 - Immix Biopharma announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation designation for NXC-201 for the treatment of a life-threatening blood disorder, Amyloid Light Chain Amyloidosis. NXC-201, a next generation CAR-T cell therapy, is currently being evaluated in a Phase 1b/2a clinical trial NEXICART-1.
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AZ | Hot Stocks08:54 EDT A2Z Smart Technologies forms strategic advisory board - A2Z Smart Technologies announced the formation of the Cust2Mate advisory board, alongside the appointment of Steve Robinson as a member of the advisory board, to help guide strategic initiatives and drive company growth. Steve brings a deep understanding of the retail industry from his roles at Walmart and Starbucks. A2Z is leveraging its advisory board to help scale and expand its Cust2Mate solution, an AI and computer vision-equipped smart shopping cart. Cust2Mate's transition to a global software platform provider is strengthened by successful deployments with leading retailers, solidifying A2Z Cust2mate's position as an industry pioneer with its advisory board's strategic guidance.
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MBRX | Hot Stocks08:53 EDT Moleculin Biotech completes enrollment in Phase 1b/2 Annamycin trial - Moleculin Biotech completed enrollment in the Phase 2 portion of the company's U.S. Phase 1B/2 clinical trial evaluating Annamycin for the treatment of soft tissue sarcoma lung metastases. Based on the data demonstrated to date, Moleculin believes that the median progression free response of greater than 60%, despite the patients in this study having received multiple prior chemotherapy regimens, exceeds expectations. The company expects to provide further additional updates on this trial in Q4. Annamycin currently has Fast Track Status and Orphan Drug Designation from the FDA for the treatment of soft tissue sarcoma, in addition to Orphan Drug Designation for the treatment of relapsed or refractory acute myeloid leukemia.
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SKYX | Hot Stocks08:52 EDT SKYX Platforms provides business update including issuance of five patents - SKYX Platforms announced a business update, including the issuance of five new utility patents in the U.S. and international markets including Canada, Mexico and Hong Kong for its related smart plug-and-play products including a ceiling fan with a heater and recessed light. The five additional patents announced today are in addition to the three issued patents that were announced two weeks ago - which brings the Company's intellectual property portfolio to a total of 77 issued and pending patents, 23 of which are issued patents covering SKYX's advanced and smart technologies. Business Update: The Company continues to enhance the market penetration of its ceiling outlet receptacle as well as smart and standard plug & play ceiling products. SKYX files for a mandatory safety standardization with the National Electrical Code for its ceiling outlet receptacle for ceilings in homes and buildings. SKYX's code team is led by Mark Earley, former head of the National Electrical Code, and Eric Jacobson, former President and CEO of the American Lighting Association. In past 30 years, both Mark Early and Eric Jacobson led instrumental safety code changes in the electrical and lighting industries. SKYX's code team has submitted significant supporting data regarding hazardous incidents that occur due to electrical wire installations including fires, ladder falls, electrocutions, injuries, and deaths caused due to hazardous wire installations. After years of rigorous standardization progress, SKYX's code team and management strongly believe that it has met the necessary safety conditions and has significant supporting data for a compelling case for its ceiling outlet receptacle to become a mandatory safety standardization for ceilings in homes and buildings. In a market of hundreds of millions of installations, a mandatory safety standardization of SKYX's ceiling outlet would eliminate the need to touch hazardous wires in the ceiling during installation. The last major mandatory safety code change for homes and buildings by the National Electrical Code was the GFCI, the safety outlet receptacle for bathrooms and kitchens. The Company's cash, cash equivalents, restricted cash, and investments available for sale totaled $23.7 million as of June 30, 2023. The Company's e-commerce business including over 60 websites, enhances SKYX's cash flow and marketing as well as provides distribution to both professional and retail markets. SKYX signs an agreement with world leading product material supply company to architects, builders, and designers - Material Bank - with over 100,000 customers.
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VRSSF | Hot Stocks08:50 EDT VERSES AI announces Q3 corporate update - VERSES AI announced the rollout of its next-generation intelligent software platform in its Q3 Corporate Update. Today, in a comprehensive address to investors, VERSES shared the progress made this year and provided a glimpse of what is expected to lie ahead, underpinned by a message on how to view the Company as it sharpens its focus and long-term goals through the introduction of Genius and its vision for a path to Artificial General Intelligence. The release of VERSES' next-generation intelligent software, Genius, will be the company's central focus going forward. Genius is best described as a platform for generating digital brains' capable of understanding complex information, learning and adapting and performing various functions, including automated data analysis and recommendations. "We believe we are well-positioned to become the market leader in the race to Artificial General Intelligence, which is often referred to as the 'holy grail' of AI in the new and rapidly evolving market for AGI. Our conviction stems from a combination of the following factors: our scientific expertise, a highly skilled and visionary our team, scientific proofs, our intellectual property and our partnerships and alliances."
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SASI | Hot Stocks08:49 EDT Sigma Additive Solutions announces 1-for-20 reverse stock split - Sigma Additive Solutions will effect a 1-for-20 reverse stock split of its outstanding common stock to seek to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2) by the October 8, 2023 deadline for doing so. Regaining compliance is also expected to facilitate the transactions contemplated by Sigma's recently announced non-binding letters of intent to acquire NextTrip Holdings, Inc. and sell certain quality assurance software assets. The Company's common stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis when the market opens on Friday, September 22, 2023, and will continue to trade under the symbol "SASI." The new CUSIP number for the common stock following the reverse stock split will be 826598609. The number of shares of common stock that Sigma Additive Solutions is authorized to issue will correspondingly decrease from 24,000,000 shares at present to 1,200,000 shares.
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LUNA | Hot Stocks08:48 EDT Luna Innovations gets $1M contract for conveyor belt heat detection monitoring - Luna Innovations won a $1M contract to provide heat detection monitoring of 40 kilometers of conveyor belt in 11 South African mines. Luna's contract is with Advanced Automated Systems AASYS , a leading South African provider of risk-management solutions that is providing services to Anglo America, the operator of the mines. To ensure the safety of their employees and protect their assets, Anglo American selected AASYS and the Luna Innovations LIOSTM fiber optic cable and heat detection system to provide a fast and reliable monitoring system. The LIOS DE.TECT linear heat detection system can monitor up to 10 km of conveyor belt and provides fast and accurate information about overheating before a fire develops.
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RSLS | Hot Stocks08:48 EDT ReShape Lifesciences signs exclusive license agreement with Biorad Medisys - ReShape Lifesciences announced the signing of an exclusive, royalty-bearing license agreement with Biorad Medysis, to manufacture, commercialize and distribute the Obalon Gastric Balloon System in India, Pakistan, Bangladesh, Nepal, Bhutan, Sri Lanka, and the Maldives. Based in Mumbai, India, The license agreement provides $200,000 in upfront payments from Biorad to ReShape and ongoing license payments of 4% on gross sales of the Obalon Balloon System in the territories. "This exclusive agreement with Biorad represents the first step towards reintroducing our patented Obalon Balloon System technology to the global marketplace," stated Paul F. Hickey, President and Chief Executive Officer of ReShape Lifesciences. "We believe that Biorad, with decades of experience manufacturing and distributing medical devices in the vast South Asia market, potentially reaching approximately 20% to 25% of the world's population, is an ideal partner to expand the reach of ReShape's Obalon technology. Our non-surgical, minimally invasive, Obalon System was the first swallowable, gas filled balloon system approved by the U.S. Food and Drug Administration, around which we continue to build a strong intellectual property portfolio. We look forward to a fruitful partnership with Biorad, which we expect will lay the groundwork to catalyze the successful relaunch and joint commercialization of the balloon system in markets world-wide."
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IVP | Hot Stocks08:48 EDT Inspire Veterinary announces non-binding LOI to acquire animal hospital - Inspire Veterinary Partners has entered into a non-binding letter of intent to acquire a 100% ownership interest in one animal hospital located in Pennsylvania, a first for Inspire and follows its recently announced LOI for 2 animal hospitals in Oregon. Inspire expects to acquire real estate associated with the purchase. The proposed acquisition is subject to customary closing conditions and is currently expected to be completed as early as the third quarter of 2023. Inspire's due diligence review of the target acquisition has already commenced, and upon satisfactory completion, the Company intends to proceed towards executing a definitive acquisition agreement and closing the transaction as soon as all closing conditions are met.
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DDD... | Hot Stocks08:47 EDT 3D Systems issues letter to shareholders of Stratasys - 3D Systems (DDD) issued the following public letter to shareholders of Stratasys (SSYS) after leading independent proxy advisor, Institutional Shareholder Services, recommended that Stratasys shareholders vote AGAINST Stratasys' planned acquisition of Desktop Metal (DM) ahead of its September 28, 2023 Extraordinary General Meeting of Shareholders to vote on the Desktop Metal transaction. ISS discussed its recommendation in a detailed, 9-page analysis that concluded: "It is not clear that creates value for SSYS shareholders. DDD's alternative offer to acquire, by contrast, presents a more convincing route to value creation for SSYS shareholders." The full text of 3D Systems' letter is as follows: "Stratasys Shareholders, You have a critical decision to make on September 28th about the future of Stratasys: 1. Vote FOR the planned all-stock merger with Desktop Metal, a transaction that would massively dilute Stratasys shareholders only to rescue an amalgamation of deteriorating additive manufacturing businesses rapidly cobbled together in 2021. Or 2. Vote AGAINST the Desktop Metal transaction to send a clear message to the Stratasys Board of Directors to accept the superior cash and stock offer from 3D Systems. The transaction with 3D Systems would provide Stratasys shareholders with approximately $509 million of upfront cash consideration and ownership of 46% of the combined company, featuring a scaled platform with industry-leading revenues, highly attractive gross margins, positive EBITDA and attractive upside exposure to its high-growth regenerative medicine platform."
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AREC | Hot Stocks08:46 EDT American Resources' ReElement secures $46M in incentives for recycling campus - American Resources Corporation's wholly owned subsidiary, ReElement Technologies has received final approval for $46 million of local incentives from the City of Marion, Indiana in the form of an Economic Development Revenue Bond. This bond is being issued by the city as incentive for ReElement Technologies LLC to construct a state-of-the-art, commercial scale lithium, critical minerals, and rare earth elements refining facility utilizing ReElement Technologies' proprietary and patented chromatography technologies at the Company's recently announced 42-acre campus in Marion, Indiana. As previously announced, Marion, Indiana was selected by ReElement Technologies for this next phase of expansion after several months of careful analysis and examination of several potential sites throughout the Midwestern United States. The ReElement Technologies Marion Refining Campus will provide for: 42 acres with ample areas for operations and future development; 425,000 square feet of existing production facility space, office, and support structures; 250,000 square feet of additional foundation-ready space to expand production facilities or structures for further growth; The production of rare earth elements with a targeted initial capacity of 2 metric tons per day of ultra-pure rare earth oxides sourced from end-of-life magnets, such as those found in high-efficiency motors, electric vehicles, wind turbines, power tools, and hard drives, and establishing the largest such producer of heavy rare earth elements outside of China; The production of critical battery materials with a initial refining capacity of 50 metric tons per day of lithium-ion battery input material sourced from end-of-life batteries and manufacturing waste, with the ability to process a wide range of lithium-ion battery chemistries including Lithium Iron Phosphate and Nickle Manganese Cobalt; An onsite fully integrated domestic solution of the battery and magnet supply chains: The campus is being designed to drive collaboration with battery and magnet industry partners by creating co-located partners within the electrified value chain; reducing costs, maximizing productivity, and significantly reducing the carbon footprint of products produced; Rail loadout onsite along with 37 truck bays for enhanced transportation logistics, including access to major highways and interstate travel, with a central location to many potential customers within the automobile, battery and magnet industries in the US battery belt; Exceptional community support for ReElement Technologies, along with access to several important educational institutions, such as Indiana Wesleyan University, Ivy Tech Community College, Taylor University and Purdue University which can provide skilled personnel to ReElement Technologies' expanding workforce; and The Marion Refining Campus will scale up to an initially targeted production capacity of 5,000 metric tons of ultra-pure lithium hydroxide or carbonate per year, and 750 metric tons per year of rare earth oxides, with the ability to strategically and efficiently expand production capacity by adding modular production trains as the market matures. The incentives are subject to final closing documentation which is expected by late October 2023.
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FUV | Hot Stocks08:44 EDT Arcimoto enters into contract manufacturing agreement with MOBIUS.energy - Arcimoto announced it has entered into a contract manufacturing agreement with MOBIUS.energy Corporation, a cutting-edge energy technology company, to enhance the charging capabilities of its electric vehicles, develop MUV based mobile charging solutions and build ultra lightweight aviation batteries. This collaboration marks a significant milestone in the electric vehicle industry, paving the way for faster, more efficient charging and expanding Arcimoto's reach into the charging market. Under the terms of the contract agreement, Arcimoto will manufacture MOBIUS packs for their current and future customers. The MOBIUS packs are set to radically transform EV charging with rapid charging capabilities. Upon the successful launch and testing of the prototypes, Arcimoto plans to integrate MOBIUS technology into its production vehicles for mobile charging and achieve charging times of less than ten minutes, from zero to full charge. "Our collaboration with MOBIUS is a game-changer for the electric vehicle industry," said Chris Dawson, chief executive officer at Arcimoto. "By leveraging MOBIUS' cutting-edge energy technology, we are not only revolutionizing EV charging but also facilitating the electrification of the aviation industry. We are excited to embark on this journey with MOBIUS and deliver unparalleled value to our customers."
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HPQ MRNA | Hot Stocks08:44 EDT HP Inc. appoints David Meline to board of directors - HP Inc. (HPQ) announced the appointment of David Meline to its Board of Directors. Meline is the former CFO for Moderna (MRNA). His appointment is effective November 1, 2023.
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LIVE | Hot Stocks08:43 EDT Live Ventures acquires Harris Flooring Group brands from Q.E.P. - Live Ventures announced that its subsidiary Marquis Industries has acquired the Harris Flooring Group brands from Q.E.P. The Harris Flooring Group comprises four major flooring brands: Harris, Kraus, Naturally Aged Flooring, and Heritage Mill Wood Flooring. On September 20, 2023, Marquis Industries acquired the Harris Flooring Group brands, inventory, and book of business and intends to retain substantially all Harris Flooring Group employees and sales representatives. The transaction, valued at approximately $10M, is set to double Marquis Industries' salesforce and is expected to significantly impact Marquis Industries and its operations while contributing substantial revenues. "As part of the growth strategy for our flooring manufacturing segment, we are excited to announce the acquisition of the Harris Flooring Group by our subsidiary, Marquis Industries," said Jon Isaac, President and Chief Executive Officer of Live Ventures. "We believe the acquisition will be very synergistic and add significant revenues to Marquis Industries."
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CRL | Hot Stocks08:43 EDT Charles River says 'well positioned to deliver 6%-8% organic revenue growth - In its Investor Day presentation, the company states that it believes to be "well positioned to deliver 6%-8% organic revenue growth from 2023-26". The company also sees about 150 basis points of cumulative operating margin improvement from 2023. Reference Link
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MOS | Hot Stocks08:42 EDT Mosaic comments on CIT countervailing duty ruling - The Mosaic Company commented on a ruling from the U.S. Court of International Trade, which remanded the U.S. International Trade Commission's injury finding back to the ITC for reconsideration. CIT appeals are common in trade remedy cases, and in most cases remanded to the ITC for reconsideration, the original finding of injury is affirmed. In OCP S.A. et al. v. United States, the CIT remanded on one specific factual issue out of many that the ITC relied upon. Neither the ITC nor the U.S. Department of Commerce have thus far changed anything from their earlier determinations, and as a result, countervailing duties on phosphate fertilizers remain in effect with no changes to the rates applied at the border. "The basic facts that led to countervailing duties on imports from Morocco and Russia remain unchanged," said Joc O'Rourke, Chief Executive Officer. "We will continue to participate actively before the agencies and the courts to defend the original findings."
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OSIS | Hot Stocks08:41 EDT OSI Systems awarded $10M contract - OSI Systems announced that its Security division was awarded a contract valued at approximately $10M from an international customs agency to provide a dual-energy X-ray cargo and vehicle inspection solution, including multi-year follow on maintenance, service and support.
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BDRX | Hot Stocks08:41 EDT Biodexa to present update on recruitment, patients in Phase 1 study of MTX-110 - Biodexa Pharmaceuticals announces that it will be presenting an update on the recruitment and treatment of patients in the ongoing Phase 1 study of MTX-110 in patients with recurrent glioblastoma during a poster session on 22 September 2023, at the 2023 annual EANO meeting in Rotterdam, the Netherlands. As of the time of this announcement, three patients have been dosed in the first cohort of the study. No dose-limiting toxicities have been observed at any dose level; and all study-related, non-surgical adverse events were grade 1 or 2 and correlated with the location of the lesion being treated. Patient 1 has received 13 treatment cycles over 19 weeks of study treatment period, whereas patient 2 received 10 cycles over 13 weeks of study treatment period; patient 3 has been recently enrolled and continues to receive treatment.
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BHC | Hot Stocks08:41 EDT Bausch Health's OraPharma enters collaboration with LULAC - In honor of Hispanic Heritage Month, Bausch Health Companies and its oral health care business, OraPharma, announced its collaboration with the League of United Latin American Citizens - the largest and oldest Hispanic organization in the United States - to foster a greater understanding of gum disease detection, and treatment within the Hispanic community. This partnership includes LULAC's involvement in supporting the Cover Your Bases campaign, a national awareness initiative featuring patient ambassador and World Series Champion, Alex Rodriguez, who is helping to raise disease awareness by encouraging people to talk to their dentist about their oral health, including screening for gum disease.
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HOLX BAYRY | Hot Stocks08:39 EDT Hologic, Bayer team to bring contrast-enhanced mammography package to facilities - Hologic (HOLX) and Bayer (BAYRY) announced an international partnership to deliver contrast-enhanced mammography or CEM, solutions to improve the detection of breast cancer for women in multiple countries across the European, Canadian and Asia Pacific regions. The partnership brings together the companies' leading technologies to enable the administration of contrast media during a mammography examination. With the new agreement, Bayer and Hologic aim to optimally support radiologists and their teams' needs by providing a comprehensive product package along with the hands-on training needed to effectively implement CEM into their facility's workflow. "Over the past several years, we've seen an increased interest in contrast-enhanced mammography as an additional diagnostic modality. Our partnership with Bayer will enable clinicians around the world to offer CEM as part of the breast cancer diagnostic workflow," said Tanja Brycker, Vice President, Strategic Development, Breast and Skeletal Health and GYN Solutions at Hologic. "As one of the world leaders in mammography and women's health, we are committed to enabling healthier lives everywhere, every day. By increasing access to additional breast imaging technology to women across the globe, our international partnership with Bayer is a compelling example of that commitment in action."
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SLS | Hot Stocks08:39 EDT Sellas Life announces data from lymphoma cohort from SLS009 Phase 1 trial - SELLAS Life Sciences announced positive topline data for the patient group with relapsed/refractory lymphomas from the Phase 1 dose-escalation trial of its CDK9 inhibitor, SLS009. All primary and secondary study objectives, including safety, clinical activity, pharmacokinetics (PK), and pharmacodynamics, were successfully achieved. The recommended Phase 2 Dose for lymphoma patients has been established at the highest dose level evaluated of 100 mg, administered as a once-weekly infusion. The maximum tolerated dose was not reached. A dose-limiting toxicity occurred in one out of five patients treated at the 100 mg dose level. Key findings from the study include: Efficacy: Among 34 evaluable r/r lymphoma patients, five achieved a clinical response with a reduction in tumor burden of up to 62%. An additional seven patients achieved stable disease resulting in an overall disease control rate of 35.3%. In the subgroup of PTCL patients, four out of 11 evaluable patients achieved a clinical response. Safety: There were no drug-related fatalities at any dose level, and the drug was well tolerated. In patients treated with the BIW regimen, no significant safety events appeared to be dose-dependent. In patients receiving the QW regimen, greater than or equal to G3 treatment-related adverse events occurred, primarily hematologic events, at higher dose levels. Non-hematologic toxicities were rare across all dose levels with five out of 52 patients experiencing higher grade toxicities, including hypokalemia, upper respiratory tract infection and increase in bilirubin. Maximum Tolerated Dose was not reached with only 1/5 patients at the highest dose level studied experiencing a dose-limiting toxicity. No dose-limiting toxicities were observed at any other dose level, and there were no unexpected toxicities across the study. Pharmacokinetic Data: Exposure parameters increased in an approximately proportional manner with the dose range of 30 mg~60 mg QW. The exposure of 100 mg was the highest, and the mean plasma concentration remained above IC90 for the longest time period. Pharmacodynamic Data: Desired levels of suppression in peripheral blood were achieved, leading to a decrease in MCL1 or MYC biomarkers in all studied patients. Biomarker suppression was dose-dependent in patients receiving QW dosing. The biomarkers studied included MYC and MCL1 with SLS009 administration resulted in biomarkers suppression across dose levels in both administration regimens and a dose-dependent decrease in QW groups. 100mg QW DL resulted in the longest sustained inhibition of both MCL1 and MYC.
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GNPX | Hot Stocks08:37 EDT Genprex receives ODD for Immunogene Therapy for treatment of SCLC - Genprex announces its placement in an editorial published by NetworkNewsWire. This designation is intended to spark innovation among biotech companies that are developing treatments for these patient populations, which by definition affect fewer than 200,000 people in the U.S., by providing incentives such as tax credits, user-fee exemptions and up to seven years of market exclusivity after FDA approval. Last month, Genprex was granted FDA orphan drug designation, ODD, for its REQORSA immunogene therapy in development for the treatment of small cell lung cancer, SCLC.
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SLP | Hot Stocks08:36 EDT Simulations Plus gets new funded grant from FDA to validate workflows - Simulations Plus announced it has been awarded a new funded grant from the U.S. Food and Drug Administration FDA . The grant will be used to validate and define best practices for physiologically based biopharmaceutics/pharmacokinetics PBBM/PBPK modeling workflows to simulate virtual bioequivalence VBE studies in support of regulatory biowaivers. The scientific team at Simulations Plus, with partners from the FDA, industry, and academia, will apply public and proprietary datasets to validate the ability of GastroPlus and other software to predict inter- and intra-subject variability when performing virtual population simulations. Enhancements to the existing VBE simulation engine within GastroPlus will be implemented, and best practices will be defined for VBE evaluation using mechanistic PBBM/PBPK approaches. The goal of this work is to inform regulatory decisions and guide innovator and generic drug developers in the design of VBE studies for distinct types of drug products. Dr. Frederico Martins, Principal Scientist and LATAM Scientific Lead, PBPK Solutions, and Principal Investigator for this grant, said: "At the recent PBBM/PBPK workshop sponsored by the University of Maryland Center for Excellence in Regulatory Science and Innovation and the FDA, it became clear that regulatory agencies worldwide are actively promoting the increased adoption of VBE approaches in numerous ways.
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LIPO | Hot Stocks08:36 EDT Lipella Pharma's hemorrhagic cystitis candidate shows efficacy in Phase 2 study - Lipella Pharmaceuticals announced that the results of its successful Phase 2a clinical trial have been the published in the peer-reviewed Journal of Urology and Nephrology. The article highlights the clinically meaningful efficacy and safety profile of Lipella's lead product candidate, LP-10 as a potential treatment for hemorrhagic cystitis. LP-10 has received Orphan Disease Designation from the US Food and Drug Administration (FDA) for the treatment of hemorrhagic cystitis, a potentially fatal disease with great unmet need and no currently approved drug treatment. Lipella is scheduled to have a Type-C meeting with FDA in Q4 and expects to initiate a Phase 2b clinical trial for LP-10 in January 2024. Pharmacokinetic analysis demonstrated a very short duration of systemic uptake and symptomatic improvements including: decreased hematuria, decreased cystoscopic bleeding, a reduced number of ulceration sites, and improved urinary symptoms.
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INBS | Hot Stocks08:36 EDT Intelligent Bio debuts intelligent fingerprinting drug screening solution - Intelligent Bio Solutions announced the debut of its Intelligent Fingerprinting Drug Screening System at the 2023 Workplace Health & Safety Show in Sydney, Australia on September 20th and 21st. The non-invasive, portable system is designed to enable workplace health and safety managers to conduct simple, non-invasive workplace drug testing anytime and almost anywhere, serving as a deterrent against drug abuse and encouraging employees to adhere to health and safety policies.
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OSA | Hot Stocks08:35 EDT ProSomnus raises $10M to fuel growth, optimize operations - ProSomnus announced the completion of a $10 million convertible preferred equity offering led by existing investors Spring Mountain Capital and Cetus Capital, LLC. ProSomnus's Executive Chair, CEO, and CFO are also participating in the financing. A description of the terms of the offering can be found in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 21, 2023. The new capital will be leveraged to optimize the Company's core business operations and support its strategic growth initiatives, as the Company works to achieve cash flow breakeven. "The completion of this financing fortifies our balance sheet as we continue our mission to make precision oral appliance therapy the preferred first-line treatment for Obstructive Sleep Apnea," said Len Liptak, Co-Founder and CEO. "As we discussed on our second quarter call, the ProSomnus team is executing at a high level, having reported 48% revenue growth in the first half of 2023 and additional scientific data demonstrating the effectiveness of ProSomnus precision devices. We will leverage this new capital to fine-tune our operating model, as we work to reach cash flow breakeven while still delivering strong top line growth. This financing is a key step forward and I am more confident than ever in our ability to demonstrate the compelling efficacy and adherence of our devices compared to alternative therapies including CPAP and hypoglossal nerve stimulation."
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AMTI | Hot Stocks08:35 EDT Applied Molecular Transport trading resumes
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SPCB | Hot Stocks08:33 EDT SuperCom secures new national program with the government of Finland - SuperCom announced it has secured a new national program with the government of Finland. This program includes the deployment of SuperCom's Domestic Violence Monitoring Solution, an integral component of its PureSecurity Electronic Monitoring Suite. This achievement follows a previously successful EM project launched earlier this year in collaboration with the Ministry of Justice of Finland, focused on EM solutions for incarcerated individuals and those on probation. The primary objective of this project is to empower Finnish authorities, safeguard victims, and proactively prevent domestic violence incidents, thereby enhancing the safety and well-being of Finnish citizens. SuperCom's innovative and proven technology and services play a critical role in achieving this objective. The project will consist of the following PureSecurity offerings: PureProtect, PureTrack, PureTag, and PureMonitor. Together, these solutions equip the Finnish authorities with near real-time information necessary to ensure the safety of victims and enforce court-mandated restrictions. Anticipated deployment and start of recurring revenue generation expected in the 4th quarter of 2023.
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GFS | Hot Stocks08:33 EDT U.S. DoD awards GlobalFoundries $3.1B ten-year contract for chip manufacturing - The U.S. Department of Defense has awarded GlobalFoundries a new 10-year contract for a supply of securely manufactured, U.S.-made semiconductors for use across a wide range of critical aerospace and defense applications. With an initial award of $17.3 million this month and an overall 10-year spending ceiling of $3.1 billion, the new contract provides the DoD and its contractors with access to GF's semiconductor technologies manufactured at its U.S. facilities. These GF facilities are DoD-accredited to the highest security level, Trusted Supplier Category 1A, which implements proven stringent security measures to protect sensitive information and manufacture chips with the highest levels of integrity to ensure they are uncompromised.
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AVNW | Hot Stocks08:32 EDT Aviat Networks awarded over $50M in public safety orders - Aviat Networks has received orders totaling over $50M with two separate U.S. State governments for statewide public safety networks. These projects involve a mix of high-power microwave radios, high availability routers, and management software along with turnkey services for design, installation, support, and ongoing managed services. Aviat's Frequency Assurance Software will be incorporated into these statewide network upgrades to protect first responders from potential Wi-Fi 6e interference, along with Health Assurance Software to ensure reliable and robust communications throughout the networks.
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BLIN | Hot Stocks08:32 EDT Trident Enterprises selects Bridgeline search solution - Bridgeline Digital announced that Trident Enterprises has selected Bridgeline's search solution to grow online revenue by enhancing their online search. This initiative will focus on two of Trident's e-commerce sites: Easy Pet Fence Store and Deer Busters, accessible via www.easypetfence.com and www.deerbusters.com respectively. Trident selected HawkSearch for their site on BigCommerce grow eCommerce sales through search results that drive traffic and improve user experience. Customers will be able to quickly identify and buy products in Trident's massive catalog with Bridgeline's artificial intelligence powered search and natural language processing including partial SKU searches.
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GOEV | Hot Stocks08:31 EDT Canoo establishes agreement with the Pawnee Nation - Canoo Technologies announced that it has established an agreement with the Pawnee Nation, based in Pawnee, Oklahoma, to identify and nurture emerging business and job opportunities in Oklahoma's growing clean energy industry. "Our decision to locate our manufacturing in Oklahoma was driven in part by opportunities to work with tribal nations and others to further diversify local economies and to help create good jobs for working people in a dynamic emerging industry," says Tony Aquila, Chairman and CEO, Canoo. "Under this agreement, the Pawnee Nation and Canoo will work together to train workers and develop suppliers for Oklahoma's growing clean energy industry." The agreement between the Pawnee Nation and Canoo is focused on four areas, Aquila says. First, building workforce skills in zero-emission vehicles and other clean energy technologies. Second, developing qualified suppliers of parts and services needed for the zero-emission vehicle industry. Third, supporting STEM education by connecting Pawnee students to internships and employment opportunities in clean energy fields. And finally, the Pawnee Nation will place an initial order for Canoo vehicles that will be built in Oklahoma.
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BNXAF | Hot Stocks08:29 EDT Banxa Holdings reports 32 Money Transmitter Licenses granted to date - Banxa Holdings provides shareholders an update on its US operations, particularly its 32 Money Transmitter Licenses that have been granted to date. The US market is a very important part of Banxa's growth strategy and where it continues to invest. Banxa is excited to announce the following: Banxa has now been granted Money Transmitter Licenses in the states of Tennessee, Virginia, Florida and Puerto Rico. With these latest additions, Banxa now holds 32 MTLs in the US, and is expecting 7 more MTLs to be granted in 2023 based on active applications. Banxa does not require MTLs to operate in 10 states / territories. Accordingly, Banxa is already capable of servicing 42 states / territories in the US, and expects to be capable of servicing 49 states / territories by the end of 2023. Banxa expects to lodge 2 more MTL applications in late 2023 / early 2024 which will mean, in due course, Banxa will be able to service 51 states / territories.
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BCEL | Hot Stocks08:27 EDT Atreca announces departure of CFO Cross, agreement to terminate lease - Atreca announced that, as part of its ongoing efforts to lower operating expenses, the Company has entered into an agreement to terminate its lease agreement pertaining to the Company's headquarters in San Carlos, CA, which represented approximately $13M of annual expenditures. In addition, Herb Cross, Chief Financial Officer, will depart the Company on September 22, 2023, to pursue an external opportunity. Cross will continue to support the Company as a consultant through the first quarter of 2024. John Orwin, Chief Executive Officer of the Company, will assume the role of principal financial officer and Rick Ruiz, Vice President, Finance of the Company, will assume the role of principal accounting officer going forward. Under the terms of its amended lease agreement with Alexandria Real Estate Equities, Inc., Atreca will terminate its long-term lease entered into in July 2019 in exchange for aggregate consideration of approximately $5 million. Atreca will vacate the premises by November 30, 2023, and will be evaluating options for facilities sized to its current operational needs.
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ASGOF | Hot Stocks08:27 EDT Asante Gold provides operations, corporate update - Asante Gold provides an update on its operations and corporate activities. "The Bibiani process and mine facilities are operating on a 24 hour per day basis with throughput of approximately 3.0M tonnes per year. Completion of critical plant upgrades and other capital initiatives, as outlined below, are expected to enable material increases in throughput, gold recovery and production levels with a commensurate decrease in all-in sustaining costs per ounce in Q4 2023. The Company continues to advance near-term funding initiatives to provide the required capital to achieve these initiatives," the company stated.
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ASGOF | Hot Stocks08:27 EDT Asante Gold appoints Malik Fasah as executive chairman - The Company is also pleased to report that Malik Easah has accepted the role of Executive Chairman. Mr. Easah was previously an Executive Director of the Company. Mr. Douglas MacQuarrie has stepped down from the Non-Executive Chairman role while remaining a non-executive Director of the Company. The Board thanks Mr. MacQuarrie for his service. The Company is also pleased to report that it has entered into an agreement with a strategic financial institution for the forward sale of gold which will provide $40 million of financing to the Company on a revolving basis over a two-year period. Under the Agreement, a subsidiary of the Company will deliver 4,000 ounces of refined gold per month to the Purchaser for 24 months, commencing in October 2023. As an advance deposit towards future gold deliveries, the Purchaser will pay the equivalent of $40 million in local currency to a subsidiary of the Company shortly after execution of the Agreement. Deliveries will be credited against the Deposit and funds will be re-advanced, at the Company's election, on each fifth monthly anniversary of execution of the Agreement. The Company continues to pursue other near-term, non-dilutive financing initiatives to support capital investments and working capital requirements.
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RPRX VRSK | Hot Stocks08:26 EDT Royalty Pharma appoints Schneider as Chief Technology Officer - Royalty Pharma announced the appointment of Eric Schneider as Senior Vice President, Chief Technology Officer. Eric will also join Royalty Pharma's Senior Leadership Committee. Eric joins Royalty Pharma from Verisk, a global leader in data-driven analytic insights and solutions, where he was a Senior Vice President, Chief Data Officer and Chief Technology Officer, and a member of the Executive Leadership Team.
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ASGOF | Hot Stocks08:26 EDT Asante Gold provides operations, corporate update - Asante Gold provides an update on its operations and corporate activities. The Bibiani process and mine facilities are operating on a 24 hour per day basis with throughput of approximately 3.0M tonnes per year. Completion of critical plant upgrades and other capital initiatives, as outlined below, are expected to enable material increases in throughput, gold recovery and production levels with a commensurate decrease in all-in sustaining costs per ounce in Q4 2023. The Company continues to advance near-term funding initiatives to provide the required capital to achieve these initiatives. Recent achievements and planned initiatives at Bibiani include: Exploration of near mine targets proved to be successful with the Grasshopper satellite pit coming into production in Q2 2023. At the South Russel deposit, a starter pit is planned to be developed during Q4 with delivery of mineralized material expected to occur by January 2024; The gravity plant was upgraded prior to start of production in July 2022 and continues operation achieving 25 - 35% gold recovery, as planned. The installation of a scalping screen is planned to increase gravity gold recovery by 5% with expected completion in late October 2023; The oxygen plant, installed on schedule, has been providing oxygen to the process plant from September 2023. Installation of a Mach-reactor to increase oxygen utilization will be completed this week; A pebble crusher has been ordered and will be installed in the coming months to increase process plant throughput capacity from 3.0 million to 3.4 million tonnes per year; The Sulphide Recovery Plant long lead items are expected to ship in September 2023. Construction of the plant is planned to be five months from the time of delivery to site. When in operation, the Sulphide Recovery Plant is expected to improve gold recovery to over 90%; Construction of the planned detour road is nearly complete allowing the highway to be cut and providing access to higher grade mineralized material from the main pit by early 2024; and Other cost saving and productivity improvement initiatives have started with implementation planned over the coming months. For the fiscal year ending January 31, 2024, the Company expects production of approximately 80,000 to 90,000 ounces gold at Bibiani. Subject to receipt of the requisite funding and completion of capital projects as outlined above, Asante expects Bibiani to produce approximately 180,000 ounces of gold for the fiscal year ending January 31, 2025 with all-in sustaining costs of $1,325/oz. The Chirano process and mine facilities are operating on a 24 hour per day basis at a current throughput of approximately 3.6M tonnes per year. Recent achievements and planned initiatives at Chirano include: Gravity plant design, procurement and installation is advanced, with completion expected in October 2023 to increase gold recovery at Chirano by 5%; Oxygen addition to the CIL plant is proceeding and the oxygen plant is planned for installation prior to November 30, 2023; A pebble crusher was procured and installed on schedule in May 2023 increasing plant throughput from 3.4 million to 3.6 million tonnes per year; Further primary grinding upgrades are planned to be operational late this year to increase process plant throughput from 3.6 million to 4.0 million tonnes per year; Relocation of minor infrastructure and facilities planned to provide access to and expansion of the Akoti South open pit and the second cutback at the Sariehu open pit is progressing well; Mining from the Mamnao central and south pits is expected to be completed during Q3 2024. This production is expected to be replaced by Sariehu and Mamnao north pits. These initiatives would provide access to incremental resources and sustained gold production; Studies and associated initiatives are progressing on schedule to be finalized late 2024, with design to improve the current material handling systems and to deliver mineralized material to the process plant at lower cost; Initiatives to capture synergies to yield benefits related to the supply of principal consumable materials between the Bibiani and Chirano mines are being advanced with an overall objective of saving approximately $10 million per year; Other cost saving and productivity improvement initiatives have advanced, with results expected to be achieved later this year; Development of Obra, Suraw and the lower Tano underground mines have been accelerated facilitating earlier than planned underground mining at the Obra mine which supplements plant feed and has improved the grade from 1.2 g/t to 1.6 g/t for the year to date; and Exploration projects such as the Suraw mine, Obra mine and open pit mining life extension projects at the Sariehu/Mamnao area are progressing as planned to support a robust mining program and extend the mining life. For the fiscal year ending January 31, 2024, the Company expects production of between 145,000 and 155,000 ounces of gold at Chirano. With the execution of the foregoing initiatives, the Company is projecting production of approximately 180,000 ounces of gold for the fiscal year ending January 31, 2025 at all-in sustaining costs of approximately $1,250/oz. See footnote 2 below for assumptions. The Company continues to focus on the execution of its near-term growth plans and financing initiatives, including discussions with potentially interested parties regarding strategic alternatives.
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SPLK CSCO | Hot Stocks08:25 EDT Splunk jumps 21% to $144.75 after Cisco buyout offer of $157 per share - Cisco is down 4% to $52.90 on the news.
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PRZO | Hot Stocks08:25 EDT ParaZero to showcase its drone safety systems at DroneX Tradeshow - ParaZero Technologies announced its participation in the DroneX Tradeshow & Conference, set to take place on September 26th & 27th, 2023, at the ExCeL London venue. The show promises to be a melting pot of innovation, offering an international stage for professionals interested in the latest advancements in Unmanned Aerial Vehicle and urban air mobility technologies. Visitors to the ParaZero booth will be treated to live demonstrations and interactive presentations detailing the company's category-defining drone safety systems. ParaZero will present at booth J72, showcasing the latest developments in ParaZero safety technology for support of UAS and UAM aircraft in the 1kg to 1000kg MTOW weight classes, as well as available support for advanced global regulatory compliance needs, including SORA-based approvals, type certification processes, ASTM F3322 projects, personal eVTOL safety, and more.
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BLNK | Hot Stocks08:25 EDT Blink Charging collaborates with Moberly Motor, Electric Era - Blink Charging announced an agreement with Moberly Motors, and Electric Era. The agreement is for the deployment and installation of a PowerNode charging station with three 240kW chargers at Moberly Motor's dealership location in Moberly, Mo. "Grid challenges and reliability are the dominant forces that prevent premium EV fast charging on every street corner in America. By selecting the PowerNode charging station, Moberly solved these challenges at its brand-new state-of-the-art facility in the heartland of America," said Quincy Lee, CEO and Founder of Electric Era. Moberly plans to install three Blink 240kW DCFC chargers and six 50-100amp Blink Level 2 (L2) chargers on site, utilizing both AC and DC power that work within Electric Era's PowerNode charging station. The new station is expected to be available to the public in November.
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AKTX | Hot Stocks08:22 EDT Akari Therapeutics enters definitive purchase agreements with existing investors - Akari Therapeuticshas entered into definitive purchase agreements with certain existing investors, including Akari Chairman Dr. Ray Prudo and President and CEO Rachelle Jacques, for a private placement of its equity securities that is expected to result in gross proceeds of approximately $2 million. Akari also announced receipt of a United Kingdom research and development tax credit in the amount of $2.5 million. In connection with the private placement financing, the Company will issue unregistered American Depository Shares, each representing 2,000 of the Company's ordinary shares, at a purchase price of $3.30 per ADS. The closing of the financing is expected to take place September 22, 2023, subject to the satisfaction of customary closing conditions. Paulson Investment Company, LLC, is acting as the exclusive placement agent in connection with this financing.
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KAVL PM | Hot Stocks08:21 EDT Kaival Brands receives initial royalty payment from Philip Morris International - Kaival Brands Innovations (KAVL), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, provided an update on sales activity by, and royalty payments received by Kaival Brands from, Philip Morris International (PM), whose affiliate holds the license from Kaival Brands to market Bidi Vapor-based products in multiple international jurisdictions. Eric Mosser, Chief Executive Officer and President of Kaival Brands, stated, "We are extremely pleased to see the positive trajectory of sales and royalties to our company as international consumers realize the difference in quality and the science behind the BIDI(R) Stick and VEEBA/VEEV NOW devices. We are proud to work with Philip Morris and remain steadfast in our commitment to the responsible commercialization of better alternatives to cigarettes for adults who would otherwise continue smoking." On August 17, 2023, the Company, through its wholly owned subsidiary, Kaival Brands International, entered into an amended license agreement with Philip Morris Products S.A., a wholly owned affiliate of PMI, for the development and distribution of electronic nicotine delivery system products in multiple international jurisdictions. As a result of the amended agreement, Kaival Brands recently received both a net reconciliation payment from PMI of approximately $135,000 and a royalty payment earned from July 1, 2023 through July 31, 2023, in the amount of approximately $121,000, for a total payment of approximately $256,000.
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WLDS | Hot Stocks08:20 EDT Wearable Devices' Mudra Band to leverage new Apple Watch 'DoubleTap' feature - Wearable Devices announced that Apple's new double tap feature, unveiled with the new Apple Series 9 Watch, is expected to further enhance the utility and consumer experience of Wearable Devices' Mudra Band. The combination is expected to empower improved touchless control across the Apple product ecosystem, leveraging Wearable Devices' cutting-edge Air-Touch technology. Wearable Devices expects that Mudra Band users will be able to leverage its cutting-edge Air-Touch technology with the newly revealed Apple Watch Double Tap gesture, to gain full touchless control across the entire Apple product ecosystem by utilizing the Mudra Band gestures in tandem with the Apple Watch Double Tap gesture. The Company anticipates that users will be able to enhance their productivity and user experience by touchlessly navigating the unique Mudra Band Watch Face, toggle and switch the control to another Apple ecosystem device, and use Air-Touch gestures to touchlessly control the iPhone, iPad, Mac and AppleTV products.
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CBAY | Hot Stocks08:19 EDT CymaBay initiates AFFIRM, a Phase 3b/4 study evaluating seladelpar - CymaBay Therapeutics announced the initiation of AFFIRM, a randomized, placebo-controlled confirmatory study to evaluate the effect of seladelpar on clinical outcomes in patients with compensated cirrhosis due to primary biliary cholangitis, PBC. The AFFIRM study is planned to enroll approximately 192 patients with PBC who have compensated cirrhosis based on prespecified clinical criteria. Patients will be randomly assigned using a 2:1 ratio to oral, once daily seladelpar or placebo for a fixed duration of three years. The primary outcome measure is the time from start of treatment to the first occurence of clinical events. Additional key outcomes include overall survival, liver transplant-free survival, and time to hospitalization for serious liver-related events. Charles McWherter, Ph.D., Chief Scientific Officer and President of Research and Development at CymaBay, stated, "The AFFIRM study was initiated to characterize the efficacy and safety of seladelpar in a PBC population with advanced disease. It is designed to fulfill post-marketing requirements of the accelerated approval pathway for seladelpar to confirm its benefit on clinical outcomes. Over the past few years, we have had significant interactions with regulators to develop a study in the backdrop of many known operational and ethical challenges in conducting a placebo-controlled long-term outcomes study. We selected this population and design to establish the effect of seladelpar on clinical outcomes. We remain fully committed to meeting our scientific and regulatory commitments while prioritizing the health of people living with PBC."
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DARE | Hot Stocks08:18 EDT Dare Bioscience will receive a payment of $4.5M under grant agreement - Dare Bioscience announced it will receive a payment of approximately $4.5M as the latest installment under a grant agreement to advance the development of Dare's investigational contraceptive DARE-LARC1 through nonclinical proof of principle studies and other IND-enabling work to allow for the submission of an Investigational New Drug Application with the FDA, approval of which will be required to commence testing in humans. Under the terms of the grant agreement, Dare may receive a total of up to approximately $49 million to support nonclinical development of DARE-LARC1. Dare received an initial $11.5 million payment in 2021 and aggregate payments of approximately $12.4 million in 2022 under the grant agreement. Additional payments are conditioned on the program meeting specified development and reporting milestones. "The DARE-LARC1 product candidate is one of a number of novel contraceptive technologies being developed by Dare," said Sabrina Martucci Johnson, President and CEO of Dare Bioscience. "In addition to advancing important pre-clinical activities to support the DARE-LARC1 program, we're also excited to continue the late-stage development of Ovaprene(R), our investigational hormone-free monthly intravaginal contraceptive that is designed to be worn conveniently over multiple weeks, or one menstrual cycle. We are on track to begin patient enrollment in the fourth quarter of this year in the planned pivotal Phase 3 clinical trial of Ovaprene being conducted in collaboration with NICHD."
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CYTH AMTI | Hot Stocks08:18 EDT Applied Molecular holders get 0.174 Cyclo shares in exchange for AMT share - Under the terms of the Merger Agreement, AMT (AMTI) stockholders will receive approximately 0.174 shares of Cyclo (CYTH)Therapeutics in exchange for each of their shares in AMT . Cyclo Therapeutics expects to issue approximately 7.624M shares of Cyclo Therapeutics' common stock to AMT shareholders, equating to approximately 25% of the combined company on a fully diluted basis. The combined company will be led by the existing Cyclo Therapeutics management team and will be headquartered in Gainesville, FL. Subsequent to the closing of the transaction, Shawn Cross, Chief Executive Officer and Board Chair of AMT will be appointed to the Cyclo Therapeutics Board of Directors.
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HSCS | Hot Stocks08:17 EDT Heart Test Laboratories signs agreement with Icahn School of Medicine - Heart Test Laboratories announced it has executed definitive agreements with the Icahn School of Medicine at Mount Sinai, in New York, NY, to commercialize electrocardiographic AI algorithms and assets, as well as a memorandum of understanding for on-going cooperation, collaboration and de-identified data access. Icahn Mount Sinai has invested in the curation of tens of millions of ECG records, enabling its leading researchers to develop a range of disease detection algorithms and state-of-the art AI foundational methods for use with ECG waveforms. HeartSciences has entered into licenses covering rights to a variety of Icahn Mount Sinai's AI algorithms, technologies and patent filings for the screening and diagnosis of cardiovascular disease. HeartSciences and Icahn Mount Sinai have also entered into a memorandum of understanding for ongoing cooperation encompassing de-identified data access, on-going research, and the evaluation of HeartSciences' MyoVista wavECGTM. "We are thrilled to announce this agreement with Icahn Mount Sinai and look forward to working with one of the top-ranked hospitals for cardiology in the world, at the cutting edge of AI-powered ECG development," said Andrew Simpson, CEO of HeartSciences. "This is a transformative event for the Company and will significantly strengthen our business, accelerate our development and broaden the range of prospective solutions that we will provide for patients.
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BNGO | Hot Stocks08:14 EDT Bionano Genomics announces third OEM partner received China NMPA approval - Bionano Genomics announced that its Chinese OEM partner, Ecobono, has obtained reagent Class I registration from China's NMPA for Bionano's DNA isolation products. Ecobono is Bionano's third Chinese OEM partner to obtain approval from NMPA for Bionano's OGM solutions. NMPA issued an approval to Ecobono for Bionano's SP-G2 DNA isolation kit. Ecobono received an IVD Class I label, enabling the reagents to be used for IVD in China. Erik Holmlin, PhD, president and chief executive officer of Bionano, commented, "We want to congratulate Ecobono, our third OEM partner to receive NMPA approval for our reagents. This approval is an important first step as Ecobono advances its registration strategy for Bionano products. We believe the expansion of NMPA approvals can help make OGM available for research into reproductive health in China, an important market for both Bionano and Ecobono."
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HEPA | Hot Stocks08:13 EDT Hepion Pharmaceuticals announces results from study of rencofilstat - Hepion Pharmaceuticals announced results from a study with in which the anti-cancer activity of Hepion's lead drug candidate, rencofilstat, was tested in a high through-put screen on 850 cancer cell lines spanning 28 types of cancer at the PRISM lab at the Broad Institute of MIT and Harvard. Rencofilstat was administered at eight concentrations to each cancer cell line in culture for 5 days, followed by measurement of surviving cells to determine how effectively the drug candidate killed or suppressed proliferation of the cancer cells. Defining "anti-cancer responsiveness" as 50% or greater reduction in viability following treatment, 26% of all tested cancer cell lines spanning 86% of cancer cell types were responsive to rencofilstat. Some of the rencofilstat-sensitive cell lines were HCC cells, which further supports Hepion's plans for a clinical trial in this indication. Furthermore, the reductions in viability in responsive cells occurred at drug concentrations similar to those observed in individuals participating in Hepion's NASH clinical trials. Thus, administration of rencofilstat to cancer patients with the standard regimen of once-daily oral dosing may be efficacious for those with responsive types of cancer. The screening study also integrated additional information collected by the Broad Institute about the cancer cell lines, such as gene mutations, gene expression, and protein and metabolic profiles, to provide insights into rencofilstat's mechanisms of action and identify biomarkers associated with its anti-cancer activity. Some of the markers uncovered by these analyses were related to familiar rencofilstat mechanisms, whereas others pointed to new processes. Genes known to be mutated in HCC or other types of cancer, including ATM, PTPRB, HNF1A, NOTCH1, ALK, TP63, IDH2 and MAP3K, were among the many genes identified to possibly influence the sensitivity of cells to rencofilstat.
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IMMP | Hot Stocks08:13 EDT Immutep announces regulatory authorization for eftilagimod alpha manufacturing - Immutep announces the regulatory authorization of eftilagimod alpha manufactured at commercial 2,000L scale for use in clinical trials across multiple European countries including Germany, Belgium, Denmark, and the United Kingdom. After scaling up the manufacturing process of efti to commercial scale at WuXi Biologics, the process-related changes were presented in a substantial amendment of the Investigational Medicinal Product Dossier. Overall comparability of the first 2,000L and the previous 200L scale clinical stage manufacturing process was achieved. Immutep plans to introduce efti manufactured by the 2,000L scale process into current and future clinical trials.
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CYTH AMTI | Hot Stocks08:12 EDT Cyclo Therapeutics, Applied Molecular Transport announce merger deal - Cyclo Therapeutics (CYTH) and Applied Molecular Transport (AMTI) that the companies have entered into a definitive agreement pursuant to which AMT will merge with Cyclo Therapeutics in an all-stock transaction . Following the closing of the Merger, the combined company will operate under the name "Cyclo Therapeutics, Inc." and will continue trading on The Nasdaq Capital Market under the ticker symbol "CYTH". The combined company will focus on advancing Cyclo Therapeutics' pivotal Phase 3 global study or TransportNPC evaluating Trappsol Cyclo for Niemann-Pick Disease Type C1. The transaction is currently expected to close in the fourth quarter of 2023. Shawn Cross, CEO of AMT added, "Following an extensive and thorough strategic review process, we view this merger with Cyclo Therapeutics as the best path forward for AMT shareholders given the promise and potential of its late-stage program in NPC1. We are encouraged by the progress shown in this important program and Cyclo Therapeutics' long-standing support of NPC1 patients and their families in its compassionate use program. Cyclo Therapeutics has continued to demonstrate its commitment to developing life-changing medicines and execution across clinical and regulatory fronts. Our board and management believe the company is well positioned to unlock significant value and successfully advance Trappsol Cyclo through the on-going pivotal trial and ultimately to approval with the goal of providing a safe, convenient and effective alternative for people who are living with a debilitating disease." Under the terms of the Merger Agreement, AMT stockholders will receive approximately 0.174 shares of Cyclo Therapeutics in exchange for each of their shares in AMT . Cyclo Therapeutics expects to issue approximately 7.624 million shares of Cyclo Therapeutics' common stock to AMT shareholders, equating to approximately 25% of the combined company on a fully diluted basis. The combined company will be led by the existing Cyclo Therapeutics management team and will be headquartered in Gainesville, FL. Subsequent to the closing of the transaction, Shawn Cross, Chief Executive Officer and Board Chair of AMT will be appointed to the Cyclo Therapeutics Board of Directors. The Merger has been approved by the board of directors of each company and is currently expected to close in the fourth quarter of 2023, subject to the satisfaction or waiver of customary conditions, including the requisite approval by Cyclo Therapeutics' and AMT's stockholders and the effectiveness of a registration statement on Form S-4 to register the shares of Cyclo Therapeutics common stock to be issued in connection with the transaction. As the transaction proceeds, the parties will publicly disclose required information either through press releases or filings with the Securities and Exchange Commission , as appropriate.
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JSPR | Hot Stocks08:11 EDT Jasper to present data on briquilimab at 2023 Fanconi Anemia symposium - Jasper Therapeutics announced new positive Phase 1b data on briquilimab as a conditioning agent in the treatment of Fanconi Anemia. The data will be featured in a presentation at the 2023 Fanconi Anemia Research Fund Scientific Symposium, taking place on September 28 - October 1, 2023, in Vancouver, Canada. The ongoing investigator initiated Phase 1/2 clinical trial is evaluating a conditioning regimen that includes briquilimab as a potential treatment for FA patients in bone marrow failure. Utilizing briquilimab, the regimen eliminates the need for busulfan chemotherapy or total body irradiation. "The updated results from the Phase 1b study, which will be presented at FARF, are very encouraging," said Ronald Martell, President, and Chief Executive Officer of Jasper. "All three FA patients who underwent conditioning with briquilimab achieved full blood count recovery. The treatment was tolerated without any complications, leading to remarkable levels of donor chimerism and no briquilimab-related adverse events or toxicities. These outcomes underscore the potential for briquilimab conditioning regimen to redefine the landscape of FA therapy. We look forward to the expansion of the study to Phase 2a by Stanford."
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VEDU | Hot Stocks08:10 EDT Visionary Education Technology appoints new COO, diversifies busine structure - Visionary Education Technology Holdings has decided to diversify its business into three sectors: Education, Life Sciences, and Artificial Intelligence. In addition, the Board has appointed Charlie Penn as COO, effective September 14. The company is expanding its business to reflect its focus on the new generation of Education, AI and Life Science, including the expansion into life sciences for a future synergy from breakthroughs in technology. The Board has appointed Charlie Penn to serve as COO. In 1999, he invested in Canada Princeton College and served as an executive director. Penn also engaged in industrial real estate investment in 2007 and served as the Executive Director of Birmingham Holdings and the Executive Director of English Premier League Football Club in 2013, responsible for the management of the listed company's business and sports real estate operations.
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BSX | Hot Stocks08:10 EDT Boston Scientific sees organic sales growth of 8%-10% over three-year period - In its 2023 Investor Day Presentation yesterday, Boston Scientific forecast organic sales CAGR of 8%-d10%, "above historical growth bolstered by key market launches" as well as 150bps of adjusted operating margin expansion, strong double digit adjusted EPS, growth and enhanced free cash flow conversion for the 2024-2026 period. Reference Link
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ENPH | Hot Stocks08:08 EDT Enphase Energy launches new home energy systems in U.K. - Enphase Energy announced the launch of its most powerful Enphase Energy System to-date, featuring the new IQ Battery 5P and IQ8 Microinverters, for customers in the United Kingdom. The IQ Battery 5P is modular with 5 kWh capacity; the new IQ8 Microinverters provide a peak AC output power of 384 W to support high-powered solar modules, offering homeowners resilient and reliable electricity. The new Enphase storage system starts at 5 kWh of capacity and can be configured with multiple batteries up to 60 kWh. The third-generation Enphase Energy System offers a significantly improved experience for homeowners and installers because of more power, resilient wired communication, and an improved commissioning experience.
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IGXT | Hot Stocks08:07 EDT IntelGenx provides RIZAFILM U.S. commercialization update - IntelGenx announced that it has received the first purchase order, PO, for RIZAFILM1 from its commercial partner in the United States, Gensco Pharma. The PO triggers an upfront order deposit payment. A pre-specified milestone payment to IntelGenx from Gensco is also payable upon transfer of NDA. Both payments will be reflected in the Company's Q3-2023 financial results. IntelGenx expects to ship the ordered RIZAFILM product to Gensco in Q1-2024 for immediate launch. "We have been impressed with the progress Gensco has made, and remain convinced that it is the right partner to help us bring this innovative migraine therapeutic to U.S. patients seeking convenient administration and quick pain relief," commented Dwight Gorham, IntelGenx's CEO. "We are also pleased that our balance sheet will be strengthened in the current quarter by the deposit and milestone payments triggered by Gensco's PO for RIZAFILM."
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AVTR | Hot Stocks08:06 EDT Avantor announces creation of new Scientific Advisory Board - Avantor announced the creation of a new Scientific Advisory Board which will provide strategic guidance and consult on the company's mid- to long-term research and development efforts to deliver solutions for the life sciences industry, including biotech and pharma customers. The SAB brings deep knowledge and experience in clinical research, academia, and industry to Avantor, and a passion for advancing science that improves health and well-being. By bringing together experts with a track record of working across innovative modalities, the SAB will enable Avantor to better serve customer needs as well as emerging opportunities and challenges facing the life sciences industry.
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PBTS | Hot Stocks08:06 EDT Powerbridge enters strategic partnership with smartphome provider - Powerbridge has entered a strategic partnership with a global smartphone provider. Powerbridge will collaborate with the client to optimize their global supply chain and compliance operations across Asia and Europe.
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ORGS | Hot Stocks08:05 EDT Orgenesis' Octomera, CGT Global enter agreement - Orgenesis continues to grow the Point of Care network and infrastructure of its advanced therapeutic services and facilities business through its subsidiary Octomera, by partnering with CGT Global, a biomedical company dedicated to advancing medical science and patient therapies. The two companies are collaborating to leverage CGT Global's extensive network of CGT Clinics and Healthcare partnerships to expand commercialization of CGTs in California and other US locations. Resources will be aligned to place technology-agnostic Octomera Mobile Processing Units & Labs for leukapheresis and the production of CAR-T and TILS products. The Company expects the footprint to grow as CGT Global partners with 32 hospitals today and anticipates partnering with over 200 hospitals by the end of 2024. CGT Global will provide expertise gained from being a leading provider of cellular manufacturing, biomedical therapeutic collections, and services through their existing network of CGT Clinics and hospital footprint. Octomera will provide services and support, as well as placement of agnostic OMPULs that are designed to standardize CGT production processes for quality and regulatory compliance across the globe at a fraction of the cost.
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ALL | Hot Stocks08:05 EDT Allstate estimated catastrophe losses for the month of August of $551M - The Allstate Corporation announced estimated catastrophe losses for the month of August of $551M or $435M, after-tax. August month catastrophe losses include 18 events estimated at $641M, with approximately half of the losses related to the Maui wildfire, partially offset by favorable reserve reestimates for prior events. Total catastrophe losses for July and August were $864M pre-tax. During the month of August, the Allstate brand implemented auto rate increases of 7.0% across 5 locations, resulting in total brand premium impact of 0.2%. "Allstate continued to implement significant auto and homeowners insurance rate actions as part of our comprehensive plan to improve profitability. Since the beginning of the year, rate increases for Allstate brand auto insurance have resulted in a premium impact of 8.6%, which are expected to raise annualized written premiums by approximately $2.23 billion. Implemented rate increases and inflation in insured home replacement costs resulted in a 13.2% increase in homeowners insurance average gross written premium in August 2023 compared to the prior year," said Jess Merten, Chief Financial Officer of The Allstate Corporation.
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QUBT | Hot Stocks08:05 EDT Quantum Computing choses Tempe, Arizona for quantum photonic chip foundry - Quantum Computing announces that it has chosen ASU Research Park in Tempe, Arizona, as the location for its new quantum photonic chips manufacturing facility, where it will produce its Thin Film Lithium Niobate chips. To date, QCi has placed deposits for the procurement of critical long-lead equipment and paid other expenses associated with the new chip fabrication facility of approximately $2M. The company plans to begin the buildout of the facility during fourth quarter 2023.
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SIMO MXL | Hot Stocks08:03 EDT Silicon Motion provides additional details on MaxLinear's termination of merger - Silicon Motion Technology disclosed additional details regarding MaxLinear's termination of its May 5, 2022 agreement to acquire the Company. The company said, " As previously disclosed, MaxLinear's July 26, 2023 notice of termination did not contain a factual basis for MaxLinear's claim that it was not obligated to close its acquisition of the Company because the Company's business had suffered a material adverse effect and the Company had failed to operate its business in the ordinary course after the Merger Agreement was signed. In the 15 months following the signing of the Merger Agreement, MaxLinear never once asserted, prior to sending its July 26, 2023 notice of termination, that there had been a material breach of the Merger Agreement, nor did it or its representatives ever mention an MAE or a breach of the ordinary course covenant. To the contrary, in the weeks, days, and hours before the termination letter was sent: MaxLinear informed Silicon Motion that it was requesting information to prepare for the integration of the two companies; MaxLinear's counsel informed the PRC antitrust regulatory authority, including as late as July 19, 2023, that PRC antitrust approval was urgent so that MaxLinear could close the acquisition prior to the Outside Date on August 7, 2023; and MaxLinear was provided with a draft of the Company's July 27 press release containing its second quarter 2023 results and, again, did not state that the results gave rise to an MAE, nor did it provide any comments on the results. Upon receiving SAMR approval, Silicon Motion executives sent congratulatory messages to MaxLinear's CFO and CEO in anticipation of officially closing the transaction following receipt of this regulatory approval. Approximately 10 hours after SAMR announced its approval of the merger, Silicon Motion received the termination letter from MaxLinear. The termination letter came as a complete shock to the Company and its directors, officers, and employees who had worked cooperatively with their counterparts at MaxLinear since May 2022 to consummate the transaction. MaxLinear's purported termination and material breach of its Merger Agreement with the Company will be the subject of an arbitration for substantial damages in excess of the termination fee in the Singapore International Arbitration Centre, as provided under the Merger Agreement."
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SR | Hot Stocks08:03 EDT Spire appoints Steve Lindsey as President and CEO - Spire has named Steven L. Lindsey, who currently serves as EVP and COO, as President and CEO, and has appointed him to its Board of Directors, effective October 1. He will succeed Suzanne Sitherwood who announced earlier this year her intention to retire at the end of December. Prior to his 11 years in executive roles with Spire, he spent 23 years in the natural gas utility business at AGL Resources, most recently serving as president of Atlanta Gas Light, Chattanooga Gas and Florida City Gas and as senior vice president of southern operations.
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BIOC | Hot Stocks08:03 EDT Biocept announces full enrollment in FORESEE trial - Biocept announced the full enrollment of 40 subjects with breast or non-small cell lung cancer, or NSCLC, who have suspicious or confirmed leptomeningeal metastases, or LM, in the feasibility phase of its prospective FORESEE clinical trial. This trial is evaluating the performance of Biocept's proprietary CNSide assay in monitoring the response to therapy of LM, a cancer in the membranes that surround the brain and spinal cord, and assessing its impact on treatment decisions made by physicians.
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LDOS | Hot Stocks08:03 EDT Leidos awarded new prime contract worth $74M - Leidos was recently awarded a new prime contract to provide combined joint all-domain command and control analysis and support to the U.S. Department of Defense Joint Staff J6 Joint Assessment Division. The cost-plus-fixed-fee, single-award contract has a period of performance of five years and six months. The contract has an approximate value of $74M.
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ETNB | Hot Stocks08:02 EDT 89bio announces U.S. FDA granted BTD for pegozafermin - 89bio announced that the U.S. Food and Drug Administration, FDA, granted Breakthrough Therapy Designation, BTD, to pegozafermin in patients with nonalcoholic steatohepatitis. "We are thrilled with this validation from the FDA awarding pegozafermin with Breakthrough Therapy Designation, which we expect will be advantageous for finalizing our Phase 3 development strategy in NASH following planned discussions with regulatory agencies in the fourth quarter of 2023," said Rohan Palekar, Chief Executive Officer of 89bio. "We believe pegozafermin is well positioned as a leading FGF21 analog treatment option with demonstrated strong histology data, best-in-class tolerability, and dosing convenience to date." BTD was supported by data from the ENLIVEN Phase 2b trial of pegozafermin in patients with NASH. In the study, both the 44mg every-two-week and 30mg weekly doses met - with high statistical significance - the primary histology endpoints per the FDA guidance regarding endpoints and statistical analysis. The 44mg Q2W and 30mg QW dose groups also demonstrated statistically significant and clinically meaningful improvements in liver fat, non-invasive markers of liver fibrosis and inflammation, and meaningful improvements in other metabolic and lipid markers. The ENLIVEN trial also included biopsy-confirmed F4 patients who were not part of the primary analysis but continued in the study. In a descriptive analysis of these data, 45% of pegozafermin-treated patients experienced at least one-stage improvement in liver fibrosis with no worsening of NASH by week 24 compared with zero out of one patient on placebo. Overall, pegozafermin was generally well-tolerated with a favorable safety profile consistent with prior studies.
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AMTI | Hot Stocks08:00 EDT Applied Molecular Transport trading halted, news pending
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GNRC | Hot Stocks07:51 EDT Generac opens engineering center of excellence in Nevada - Generac announced the opening of a new engineering center of excellence in Reno, Nevada. The facility will house the development and testing of batteries, switches, power electronics and other clean energy solutions, and is expected to bring 100 new engineering jobs to Reno over the next year. Generac intends to develop and test new product lines at the Reno facility. Testing, research and development teams are already active in the 42,000 square foot building, which is scheduled for completion in December 2023. The facility is expected to be fully operational by May 2024.
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CSCO SPLK | Hot Stocks07:47 EDT Cisco to acquire Splunk for $157 per share in cash, or $28B EV - Cisco (CSCO) and Splunk (SPLK) announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28B in equity value. Upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco's Executive Leadership Team reporting to Chair and CEO Chuck Robbins. The transaction is expected to be cash flow positive and gross margin accretive in the first fiscal year post close, and non-GAAP EPS accretive in year two. Additionally, it will accelerate Cisco's revenue growth and gross margin expansion. The transaction will not impact Cisco's previously announced share buyback program or dividend program. The acquisition has been unanimously approved by the boards of directors of both Cisco and Splunk. It is expected to close by the end of the third quarter of calendar year 2024, subject to regulatory approval and other customary closing conditions including approval by Splunk shareholders.
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CSCO SPLK | Hot Stocks07:45 EDT Cisco to acquire Splunk for $157 per share in cash, or $28B EV
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ELVA | Hot Stocks07:42 EDT Electrovaya expects to increase engineering staffing by 50% in 2023 - Electrovaya announced a business update. The company said, "Electrovaya has made incremental improvements in its manufacturing process, equipment and facilities over the last several months that have led to increased capacity and efficiency. The Company believes that the overall manufacturing capacity at its 6688 Kitimat Road location in Mississauga, Ontario has nearly doubled year to date, with an annual capacity of approximately $130 million of battery systems. Given the capacity improvements, the Company continues to operate a single shift to meet its production goals. The Company believes that there are further optimizations available, including through additional automation and equipment, and intends to pursue these opportunities. Electrovaya has applied for Canadian government funding to support these potential further investments. Electrovaya is growing its engineering capabilities significantly. The Company expects that its engineering staffing will increase by approximately 50% in 2023, with most of the targeted additions on-boarded over the past three months. The additional staff brings expertise in many engineering disciplines, including firmware, software, mechanical engineering, industrial engineering and electrical engineering. With the expanded team, Electrovaya expects to have the capability to execute on additional OEM projects for both low-voltage and high-voltage applications, and to develop new products, from battery systems to value added software. The Company is also planning to hire additional staff to support cell manufacturing activities, and recently hired a General Manager for its Jamestown, New York facility. Electrovaya continues to execute on growing deliveries in the material handling vehicle industry. The Company recently made shipments to Australia, received its first orders from Asia, and received a new order from its largest Fortune 100 end user, which already uses the Company's batteries at 14 of its facilities and now plans to use them in a 15th. There continues to be strong interest in Electrovaya's newest high voltage offerings and are targeting the transit, mining, defense and other heavy duty vehicle applications. The Company is on track to ship its first pre-production systems this calendar year. Electrovaya's management team remains confident in the Company's ability to execute on its strategy and continue to build a strong and sustainable growth trajectory. Both Dr. Raj DasGupta, CEO, and John Gibson, CFO, have recently purchased shares on the open market, underscoring their confidence in the Company."
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JAGX FLHLF | Hot Stocks07:40 EDT Jaguar Health announces import of coca leaf from Peru by Magdalena JV - Jaguar Health (JAGX) announced that Magdalena Biosciences, the joint venture recently formed by Jaguar and Filament Health Corp. (FLHLF) completed an import of coca leaf to a Filament facility in Canada. Magdalena was founded on a mission to develop novel, natural prescription medicines derived from plants for mental health indications including attention-deficit/hyperactivity disorder, depression, and anxiety in adults. The coca leaf imported from Peru will be used for initial research purposes to look at these and other neuropsychiatric indications. The import of coca leaves was authorized by the Peruvian Health Authority - Direccion General de Medicamentos Insumos y Drogas - and acquired from the Empresa Nacional de la Coca, which is the only company in Peru authorized to collect, distribute, and export coca leaves and their derived products. "We are grateful to the Peruvian government for their cooperation, and look forward to Magdalena initiating its pioneering research into the potential benefits of coca for ADHD, depression, and anxiety," said Steven King, PhD, Jaguar's Chief Sustainable Supply, Ethnobotanical Research, and IP Officer and an Advisor to Magdalena, who facilitated the relationship with ENACO on behalf of Magdalena and Psilo Scientific. "In traditional medicine, coca leaves are utilized as a remedy for a wide variety of conditions, ranging from alleviating oral pain, digestive maladies, hunger, altitude sickness, as well as muscular and skeletal aches. Many commonly used neuropsychiatric medications have side effects such as personality changes or sedation. With centuries of use by Indigenous healers and traditional psychiatrists, plant-derived medicines offer potential new mechanisms of action for treating mental disorders while being potentially safer than the small molecule drugs that may have 'off target' effects."
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PYPD | Hot Stocks07:37 EDT PolyPid announces 'successful' GMP audit by Israeli Ministry of Health - PolyPid announced that the Israeli Ministry of Health has completed a successful Good Manufacturing Practice audit of the Company's manufacturing facility without any critical or major findings. The audit was conducted as part of the Ministry of Health's routine evaluation of PolyPid's manufacturing process for D-PLEX100. The audit concluded that PolyPid's manufacturing facility, process and quality system conform to the requirements of current GMP for medicinal products. This audit is also valid for Europe under the provisions of the Agreement on Conformity Assessment and Acceptance of industrial products (ACAA) between the European Union and Israel.
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CYBN | Hot Stocks07:36 EDT Cybin completes enrollment in CYB003 study - Cybin announced that it has completed enrollment in its Phase 2 study of CYB003, a proprietary deuterated psilocybin analog program being developed for the potential treatment of major depressive disorder, or MDD. All participants in the final cohort have received at least one dose with several second doses already administered, and no serious adverse events observed in participants.
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DFLI | Hot Stocks07:36 EDT Dragonfly Energy becomes member of BMTC - Dragonfly Energy Holdings is the newest member of the Battery Materials and Technology Coalition, BMTC. The BMTC is a continental alliance of member companies united behind a shared interest in growing a resilient and sustainable North American battery supply chain. "By joining the BMTC and partnering with the coalition's other industry leaders during this rapidly growing global battery economy, we continue to drive meaningful conversations and make significant contributions toward the evolution of the energy storage sector," said Dominic Sinnott, director of government affairs at Dragonfly Energy. "We are proud to become a member of this remarkable coalition dedicated to solidifying North America's critical role in the global battery ecosystem."
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WPC | Hot Stocks07:36 EDT W.P. Carey approves plan for publicly traded spin-off of office portfolio - W. P. Carey's Board of Directors has unanimously approved a plan to exit the office assets within its portfolio by spinning-off 59 office properties into Net Lease Office Properties so that it will become a separate publicly-traded REIT, and implementing an asset sale program to dispose of 87 office properties retained by W. P. Carey. The Spin-Off is expected to close on or around November 1, and all sales under the Office Sale Program are targeted to be completed by January 2024. The assets being contributed to NLOP represent approximately 10% of W. P. Carey's annualized based rent as of June 30. NLOP is expected to comprise a portfolio of 59 office properties, totaling approximately 9.2 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties that will be owned by NLOP are located in the U.S., with the balance in Europe. NLOP's portfolio will consist of 62 corporate tenants operating in a variety of industries, generating ABR of more than $141M as of June 30. In addition to $169M of existing mortgage debt outstanding to be assumed by NLOP, NLOP has also entered into a new $455M debt facility with J.P. Morgan expected to be funded upon the consummation of the Spin-Off. Approximately $350M is expected to be transferred by NLOP to W. P. Carey in connection with the Spin-Off. As a separate company, NLOP will pursue a business plan focused on realizing value for its shareholders primarily through the strategic asset management and disposition of its property portfolio over time. The Spin-Off, which does not require shareholder approval, is expected to close on or around November 1. Upon completion, W. P. Carey stockholders will receive shares of NLOP via a pro rata special distribution. Shares of NLOP are expected to trade on the New York Stock Exchange under the ticker symbol NLOP.
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KITT | Hot Stocks07:36 EDT Nauticus Robotics announces term loan financing up to $20M - Nauticus Robotics has entered into a senior secured term loan agreement with existing stakeholders, Transocean, ATW Partners, Material Impact, and RCB Equities. The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans, of which $11.6 million has already been funded. The Loans are convertible at $6.00 per share of common stock, subject to certain customary anti-dilution adjustments as described in the Term Loan Agreement, at the option of each Lender, until the date that the Loans are no longer outstanding. The Company is actively discussing a larger round of capital with new investors, beyond the available capacity of the Term Loan Agreement, to support its service offering expansion.
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APCX | Hot Stocks07:35 EDT AppTech Payments announces inauguration of PayToMe.co's office in Cairo, Egypt - AppTech Payments announces the inauguration of PayToMe.co's office in Cairo, Egypt. "The establishment of PayToMe's presence in Egypt is a testament to the global expansion of the AppTech ecosystem and our collaborative partner network." Luke D'Angelo, Chairman & CEO of AppTech commented. "We take immense pride in championing PayToMe's vision of fostering global commerce liberation and pioneering Fintech innovation."
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OCGN | Hot Stocks07:35 EDT Ocugen appoints Connie Collingsworth to Business Advisory Board - Ocugen announced that Connie Collingsworth, former COO of the Bill and Melinda Gates Foundation, will join the Company's Business Advisory Board. The BAB was established in June 2023 to assist in driving public/private partnerships with governments around the world; pursuing business collaborations, partnerships, and licensing opportunities; creating awareness of the Company's differentiated capabilities; and promoting access to the Company's therapies around the world.
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TVTX | Hot Stocks07:34 EDT Travere announces confirmatory data from Phase 3 PROTECT study of FILSPARI - Travere Therapeutics announced topline two-year confirmatory secondary endpoint results from the Company's pivotal head-to-head Phase 3 PROTECT Study of FILSPARI in IgA nephropathy versus irbesartan. FILSPARI demonstrated long-term kidney function preservation and achieved a clinically meaningful difference in estimated glomerular filtration rate total and chronic slope versus irbesartan, narrowly missing statistical significance in eGFR total slope while achieving statistical significance in eGFR chronic slope for purposes of regulatory review in the EU. FILSPARI is currently available under accelerated approval in the U.S. The Company will engage with regulators and expects to submit a supplemental New Drug Application in 1H 2024 for full approval in the U.S. In the PROTECT Study, a total of 404 patients with persistent proteinuria despite active angiotensin-converting enzyme inhibitor or angiotensin-receptor blocker treatment, were randomized 1:1 to receive once daily oral doses of either FILSPARI or irbesartan, the active control. eGFR total and chronic slope are the secondary confirmatory endpoints for the U.S. and the EU, respectively. All topline efficacy endpoints favored FILSPARI as compared to irbesartan. A preliminary review of the safety results through 110 weeks of treatment indicates FILSPARI was generally well-tolerated and the overall safety profile in the study has been consistent between treatment groups. The Company will complete a full evaluation of the data from the PROTECT Study and work with the study investigators on future presentations and publications of the results at an upcoming medical meeting and in a peer-reviewed publication.
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SNSE | Hot Stocks07:32 EDT Sensei Biotherapeutics presents preclinical data on SNS-101 - Sensei Biotherapeutics will present new preclinical data from SNS-101 at the Seventh Annual CRI-ENCI-AACR International Cancer Immunotherapy Conference: Translating Science into Survival, held on September 20 - 23, 2023 in Milan, Italy. "We believe these data further support the potential best-in-class PK and safety profile of SNS-101 and its ability to effectively target VISTA, a promising, but difficult-to-drug immune checkpoint," said Edward van der Horst, Ph.D., Chief Scientific Officer of Sensei Biotherapeutics. "Restricting drug activity to low pH conditions, such as those found in the acidic tumor microenvironment, allowed us to safely dose SNS-101 in our multi-dose NHP study at increasing levels while maintaining linear elimination kinetics and displaying no target-mediated drug disposition or adverse effects. Paired with new mechanistic data showing SNS-101 can shift immunosuppressive macrophages towards an anti-tumor phenotype, we believe SNS-101 could provide a transformative treatment option for patients. We look forward to sharing data from our ongoing clinical trial later this year." Presentation Highlights: SNS-101 displayed linear elimination kinetics and no target-mediated drug disposition or adverse effects in a multi-dose GLP toxicology study in cynomolgus monkeys evaluating SNS-101 doses of 1, 10 and 100 mg/kg. In MC38 tumor-bearing mice, SNS-101 alone and in combination with an anti-PD-1 antibody shifted the cytokine expression profile of immunosuppressive myeloid cells in the tumor microenvironment to an anti-tumor, M1 phenotype. The expression of anti-tumor cytokines was correlated with a reduction in tumor size.
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ALGS | Hot Stocks07:32 EDT Aligos Therapeutics announces IND clearance for ALG-055009 - Aligos Therapeutics has received clearance of its Investigational New Drug application from the US Food and Drug Administration for ALG-055009, it's thyroid hormone receptor beta agonist, intended for the treatment of nonalcoholic steatohepatitis. The study is designed to evaluate the safety and efficacy of up to 4 dose levels of ALG-055009, compared to placebo, over a 12-week treatment period in presumed NASH patients. As is typical for studies at this phase of development, the study's primary endpoint will be change in MRI-PDFF, which has been shown to correlate with liver histology with other THR-beta agonists in development.
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DPRO | Hot Stocks07:19 EDT Draganfly announces grand opening of Saskatoon production facility - Draganfly announced the grand opening of its new manufacturing and production facility in Saskatoon, which will take place on September 26, 2023. The opening of this new facility will help Draganfly achieve its commitment to meet the increasing market potential for its products and solutions. The Saskatoon facility has been designed to meet the rising demand for Draganfly's UAV systems and components, such as the Heavy Lift, Commander 3 XL, Commander XL Hybrid and its new Precision Delivery System. This facility will help advance manufacturing capabilities, streamline assembly processes, deepen R&D capabilities, and optimize integration procedures.
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ASST | Hot Stocks07:18 EDT Asset Entities launches Michael Irvin's Discord community - Asset Entities announced the launch of Michael the 'Playmaker' Irvin's Discord community Designed, Developed and Managed by Asset Entities under its AE.360.DDM suite of services. Michael's Discord features Asset Entities' own Eddie, the AI ChatGPT bot, as part of the community.
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AUGX | Hot Stocks07:18 EDT Augmedix announces inaugural AI Advisory Council members - Augmedix announced the appointment of its inaugural AI Advisory Council members. The council was established to guide Augmedix's continued development and usage of artificial intelligence throughout its business responsibly and ethically. The council is led by Joe Marks, Ph.D., a former Augmedix board member who served as director of the Company from 2020 until 2023. Dr. Marks was previously the Executive Director of Carnegie Mellon University's Center for Machine Learning and Health and has established himself as a technological innovator in seven different industries over the past 30 years. Council members are esteemed professionals and leaders from various fields and are appointed for 18 months. The newly appointed members of the council are: Julia Adler-Milstein, Ph.D., Chief of the Division of Clinical Informatics and Digital Transformation at University of California San Francisco; Albert Chan, M.D., Chief Digital Health Officer, Sutter Health; John Chelico, M.D., M.A., FACP, FAMIA, System CMIO for CommonSpirit Health; John Doulis, M.D., VP Data Services and Technology Innovation at HCA Healthcare; Jesse Ehrenfeld, M.D., MPH, President of the American Medical Association; Joe Marks, Ph.D., AI Advisory Council Chair; Eric Nyberg, Ph.D., Professor at Carnegie Mellon University School of Computer Science Language Technologies Institute; Lisa Rotenstein, M.D., MBA, MSc, Assistant Professor at Harvard Medical School and Medical Director of Population Health at Brigham and Women's Hospital; Sameer Singh, Ph.D., Associate Professor of Computer Science at UC Irvine; Alex Stinard, M.D., Healthcare Information Technology Consultant at HCA Healthcare.
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BFI | Hot Stocks07:16 EDT BurgerFi announces dismissal of derivative action against company - BurgerFi International announces that a derivative action filed August 30, 2023 by two BurgerFi shareholders purportedly on behalf of the Company against certain of its current and former directors and officers has been voluntarily dismissed. On September 20, 2023, United States District Court Judge Rodney Smith for the Southern District of Florida issued an order dismissing without prejudice the derivative action in the case of Samhita Gera and Denish Bhavsar v. Ophir Sternberg, et al., Case No. 023-cv-61678, and closed the case. The dismissal of this derivative lawsuit follows the recent dismissal of a related securities class action lawsuit, John Walker v. BurgerFi International, Inc. et al., Case No. 023-cv-60657, which BurgerFi announced on September 7, 2023. Both cases were dismissed in the preliminary stages without the company agreeing to any monetary or non-monetary settlement to the plaintiffs or their counsel. BurgerFi is not aware of any related lawsuits pending against it or any of its executives.
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GTBIF | Hot Stocks07:15 EDT Green Thumb appoints Richard Reisin, Hannah Ross to board of directors - Green Thumb Industries announced that Richard Reisin and Hannah Ross have been appointed to its Board of Directors as independent members, effective September 20, 2023. Reisin will serve on the audit committee and Ross will serve on the audit and compensation committees of the Board. The appointments bring the Company's Board of Directors to a total of nine members. Reisin formerly served as Executive Vice President and Director at Carylon Corporation. Ross is the COO of Edie Parker.
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OPAL | Hot Stocks07:10 EDT Opal Fuels, SJI announce 50/50 JV to develop-operate RNG facilities, no terms - South Jersey Industries or SJI , an energy infrastructure holding company, and OPAL Fuels announced they have entered into a 50/50 joint venture to develop, construct, own and operate RNG facilities. The first facility will be at the Atlantic County Utilities Authority ACUA solid waste landfill in Egg Harbor Township, New Jersey. "The development of the Atlantic RNG facility with SJI marks just the beginning of our relationship, as together we will bring more production and distribution of RNG to New Jersey," said Jonathan Maurer, Co-CEO of OPAL Fuels. "This joint venture furthers OPAL Fuels' growth strategy as we look forward to leveraging our operational expertise to work with landfills to maximize the value of their resource and meet their ESG goals faster by displacing diesel fuel with RNG in heavy-duty truck fleets."
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TNXP | Hot Stocks07:08 EDT Tonix Pharmaceuticals presents new preclinical data from CICON23 - Tonix Pharmaceuticals announced a poster presentation showing research results for mTNX-1700 at the Seventh International Cancer Immunotherapy Conference 2023, CICON23,: Translating Science into Survival, being held September 20-23, 2023, in Milan, Italy. The poster presentation, titled, "mTFF2-MSASuppresses Tumor Growth and Increases Survival in Anti-PD-1 Treated CT26.WT Subcutaneous and CT26-Luciferase Orthotopic Syngeneic Colorectal Cancer Models by Targeting MDSCs in BALB/C Mice," includes data demonstrating that the novel fusion protein, mTNX-1700 has single agent activity and can improve on the therapeutic effects of anti-PD-1 in treating syngeneic mouse models of advanced colorectal cancer. In two models, mTNX-1700 increases survival rates and suppresses tumor growth. "mTNX-1700 is a novel fusion protein that has single agent activity and augments PD-1 blockade therapy in combination therapy in advanced and metastatic syngeneic mouse models of colorectal and gastric cancer," said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "Certain cancers are unresponsive to anti-PD-1 therapy. Despite the significance of PD-1 checkpoint blockade in treating many types of cancer, there's a need to better understand why some cancers don't respond and how to make them responsive. We believe these data show the potential of TNX-1700 in treating cancer both as a single agent and in combination with other immuno-oncology drugs, particularly anti-PD-1, and highlight how mTNX-1700 targets MDSCs as a novel mechanism to treat cancer."
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CEVA | Hot Stocks07:07 EDT Ceva appoints Iri Trashanski as Chief Strategy Officer - Ceva has appointed Iri Trashanski as Chief Strategy Officer, reporting to CEVA CEO Amir Panush. Iri Trashanski most recently served as the VP and GM of Data Center at GlobalFoundries. Before his tenure at GlobalFoundries, . Trashanski held the position of Senior Vice President of Product and Market Development at Hitachi Vantara. His leadership journey includes significant executive positions at respected companies such as Samsung Semiconductors, Marvell, and SanDisk.
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HSDT | Hot Stocks07:07 EDT Helius to bring PoNS therapy to 2023 Neurologic Physical Therapy conference - Helius Medical Technologies announced that it will exhibit at the Academy of Neurologic Physical Therapy 2023 Annual Conference, September 28-30 at the Hyatt Regency Minneapolis, marking its first appearance at the conference. The Company's focus at booth 7 will be its innovative Portable Neuromodulation Stimulator, an orally applied therapy delivered by translingual neurostimulation to improve gait deficit in people with multiple sclerosis.Helius' debut at the conference is timely, coming just after National Rehabilitation Awareness Week and on the eve of National Physical Therapy Month. "The calendar is spotlighting rehabilitation and physical therapy right now, and we're enthused to keep the conversation going with ANPT conference attendees," said Helius' Chief Medical Officer, Antonella Favit-Van Pelt, M.D., Ph.D. "Among the specialists who treat multiple sclerosis, the neurologic physical therapists understand the challenges in addressing gait deficit in people with MS better than anyone. We strive to have all who visit us at the booth walk away from the conference with a thorough knowledge of PoNS technology and therapy, as well as an appreciation of the impact they have in the lives of people with MS by offering a new therapeutic option to their patients."
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DRI | Hot Stocks07:05 EDT Darden names Cynthia Jamison as Chair of the Board - On September 20, Darden's Board of Directors unanimously elected Cynthia Jamison as Chair of the Board, succeeding Eugene Lee, Jr. who, as previously announced, retired from service as a director of the company on that date.
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MDT | Hot Stocks07:04 EDT Medtronic's Simplera glucose monitor granted CE Mark - Medtronic announced CE - Conformite Europeenne - Mark approval for its new all-in-one, disposable Simplera continuous glucose monitor - CGM - featuring a simple, two-step insertion process. The company's newest no-fingerstick sensor does not require over tape and is integrated with the InPen smart insulin pen, which provides real-time, personalized dosing guidance to help simplify diabetes management. Medtronic will begin a phased launch at the European Association for the Study of Diabetes Meeting in Hamburg, Oct. 2-6. Simplera is indicated for ages 2+ and compatible with iOS and Android. Simplera is not approved by the FDA and is limited to investigational use in the U.S.
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DRI | Hot Stocks07:03 EDT Darden reports Q1 blended same-restaurant sales increase of 5.0% - Q1 same-restaurant sales by segment: Olive Garden 6.1 %; LongHorn Steakhouse 8.1 %; Fine Dining (2.8%); Other Business 1.7%.
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TRDA | Hot Stocks07:03 EDT Entrada announces first patient dosed in Phase 1 trial of ENTR-601-44 - Entrada Therapeutics announced that the first participant has been dosed in its Phase 1 clinical trial evaluating ENTR-601-44 for the potential treatment of individuals with Duchenne muscular dystrophy who are exon 44 skipping amenable. "The initiation of our Phase 1 trial for ENTR-601-44 is an important step forward in addressing this relentlessly progressive neurodegenerative disease," said Dipal Doshi, President and Chief Executive Officer of Entrada Therapeutics. "Today's announcement marks Entrada's transition into a clinical company. As we enter our next phase of growth, Entrada is well-positioned to advance this initial program, as well as our broader Duchenne franchise, and we expect to report data from the Phase 1 trial in the second half of 2024." The primary objective of Entrada's Phase 1 clinical trial, which is being conducted in the United Kingdom, is to evaluate the safety and tolerability of a single dose of ENTR-601-44 in healthy male volunteers, with a target enrollment of approximately 40 participants. The trial will also evaluate pharmacokinetics and target engagement, as measured by exon skipping in the skeletal muscle.
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NAMS | Hot Stocks07:02 EDT NewAmsterdam announces initial date from Phase 2a trial of obicetrapib - NewAmsterdam Pharma Company announced initial data from its Phase 2a clinical trial evaluating obicetrapib in patients with early Alzheimer's disease ("AD") and at least one copy of the apolipoprotein E4 mutation. This Phase 2a trial was designed to explore the effects of obicetrapib on lipid metabolism in the brains of early AD patients who are ApoE4 carriers. Two key biomarkers measured in the trial include 24- and 27-hydroxycholesterol; increases in these oxysterols over time have been observed to lead to a rise in cognitive and related functional impairment. As such, NewAmsterdam believes reductions of 24- and 27-hydroxycholesterol in the CSF may indicate improved cholesterol metabolism in the brain and may lead to improved cognitive function. In addition, the Phase 2a trial assessed the Abeta42/40 ratio and plasma pTau181, also believed to be biomarkers of AD, with lower levels of Abeta42/40 and increased levels of pTau181 having been associated with a greater risk of AD. This trial builds on observations from NewAmsterdam's preclinical studies and third-party genetic studies that inhibiting cholesteryl ester transfer protein may protect against ApoE4-associated AD risk by preventing the accumulation of amyloid plaque in the brain through improved cholesterol metabolism and, as a result, potentially slow disease progression. Initial Data from the Phase 2a Alzheimer's Trial: NewAmsterdam observed reductions in the levels of 24- and 27-hydroxycholestrol of 11% and 12%, respectively, in the CSF. In addition, an increase of 8% in the Abeta42/40 ratio in patient's plasma was observed and pTau181 levels were observed to be stable. Overall, obicetrapib was observed to be well-tolerated. No serious adverse events were reported, nor were any AEs considered to be related to the study drug.
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PLTR | Hot Stocks07:01 EDT Palantir's Artificial Intelligence Platform selected by CAZ Investment - Palantir and CAZ Investments announced a 5-year partnership for Palantir to provide its Artificial Intelligence Platform in support of CAZ's growth and innovation. Palantir will provide CAZ with AI-powered solutions to accelerate partner onboarding and augment investment managers' work with generative AI. The use of Palantir's software aims to help CAZ automatically scale operations and meet growing demand. CAZ Investments' proprietary research process and global network identifies thematic investment opportunities across public and private markets.
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CTG | Hot Stocks06:59 EDT Computer Task Group and Cegeka extend tender offer expiration date - Computer Task Group and Cegeka announced that Chicago Merger Sub, a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer to acquire all of the outstanding shares of common stock of CTG, par value 1c per share, for $10.50 per Share, net to the seller in cash, without interest and less any applicable withholding taxes, pursuant to the Agreement and Plan of Merger by and among Cegeka, CTG, and Merger Sub. The Offer has been extended until one minute after 11:59 P.M., Eastern Time, on October 13, unless the Offer is further extended or earlier terminated pursuant to the terms of the Merger Agreement. As of 5:00 p.m., Eastern Time, on September 20, approximately 11,640,378.197500 Shares had been validly tendered into, representing approximately 76.5467% of the outstanding Shares. The offer is conditioned upon the fulfillment of certain conditions including, but not limited to, the receipt of approvals from the Belgian Competition Authority and the Luxembourg Supervision Commission of the Financial Sector.
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WTI | Hot Stocks06:49 EDT W&T Offshore acquires producing properties in Gulf of Mexico for $32M - W&T Offshore has completed the acquisition of working interests in eight shallow water oil and gas producing assets in the central and eastern shelf region of the Gulf of Mexico from an undisclosed private seller. The acquisition has a closing date of September 20, and an effective date of June 1. The Assets were acquired for a gross consideration of $32M, subject to normal and customary post-effective date purchase price adjustments. W&T used its cash on the balance sheet to pay the net purchase price. Highlights of the transaction include: average working interest of around 72%; includes estimated production as of September 12, 2023, of approximately 2,400 barrels of oil equivalent per day, 42% oil - around two thirds of the production is operated; adds proved reserves of 3.2 million barrels of oil equivalent - 49% oil - and accretive gross purchase price multiple of approximately 1.0x last twelve months cash flows as of effective date and production multiple of approximately $13,500 per barrel of oil equivalent per day. The Assets include 30,646 gross acres and are currently producing approximately 2,400 barrels of oil equivalent per day, of which 42% is oil. Estimated proved reserves as of June 1, 2023, for the eight properties totaled 3.2 million barrels of oil equivalent (49% oil) of which 100% are proved developed. The 2P reserves for the acquired properties are estimated to be 5.1 million barrels of oil equivalent, 48% oil.
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CVS BSX | Hot Stocks06:49 EDT CVS Health appoints Boston Scientific CEO Michael Mahoney to board - CVS Health (CVS) has appointed Michael Mahoney, chairman and CEO of Boston Scientific (BSX) to serve on the board of directors of CVS Health, effective November 1.
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YOU | Hot Stocks06:43 EDT Clear Secure launches identity verification technology at BUF - Clear Secure announced it is launching its identity verification technology at Buffalo Niagara International Airport's, or BUF, Main Terminal, bringing frictionless and predictable travel experiences to Upstate New York. Clear's launch at BUF is expected to create 28 jobs and generate approximately $1.5M annually in local economic impact.
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GEHI | Hot Stocks06:41 EDT Gravitas Education announces $11.26-$12.17 special cash dividend - Gravitas Education announced that the company's board of directors approved a special cash dividend in an amount ranging from $11.26 to $12.17 per American Depositary Share, or ADS, or from 56.28c to 60.85c per ordinary share. The aggregate amount of cash dividends to be paid ranges from $16M to US$17.3M, which will be funded by cash on the company's balance sheet. The payment of the special dividend is conditional upon the closing, and the exact amount of such special dividend is to be determined and separately announced. Following payment of the special dividend and after the previously announced divestiture of GEHI's PRC education business, the net cash of the company will be no less than $15M at the closing.
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PSN | Hot Stocks06:38 EDT Parsons awarded $160M contract by the Intelligence Community - Parsons announced that the company was awarded a competitively-bid, single-award $160M contract by the Intelligence Community to develop hardware and software solutions that enable intelligence applications. The classified contract includes a one-year base period plus six one-year option periods.
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RMTI | Hot Stocks06:32 EDT Rockwell Medical signs Products Purchase Agreement with largest customer - Rockwell Medical entered into an amended and restated products purchase agreement with its largest customer. Under the agreement, Rockwell Medical and the Customer agreed to an increase in product pricing, effective September 1, 2023 and continuing until December 31, 2024, and a one-time payment to Rockwell on or after December 1, 2023. The customer has the option to further extend the term through December 31, 2025. In the event of such an extension, product pricing will be increased for the extended term.
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TOSYY | Hot Stocks06:10 EDT Toshiba shareholders approve roughly $14B deal to take company private - Toshiba said Thursday that a nearly $14B tender offer from private equity firm Japan Industrial Partners ended successfully. The company said about 79% of its shareholders tendered their shares at the offered price of Y4,620 a share. Reference Link
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GBX | Hot Stocks06:04 EDT Greenbrier receives orders for 15,300 new railcars - Greenbrier announced that it had received orders for 15,300 new railcars with an aggregate value of $1.9B during its fiscal fourth quarter ended on August 31, 2023. Orders for the quarter demonstrate Greenbrier's lease origination capabilities balanced with its direct sale expertise. The 15,300 units were ordered by customers operating in various commercial sectors and spanned a range of railcar types, yielding Greenbrier's highest quarterly order count in nearly a decade. Railcar orders announced today do not include any multi-year order activity.
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AUPH | Hot Stocks06:03 EDT Aurinia Pharmaceuticals enters cooperation agreement with MKT Capital - Aurinia Pharmaceuticals announced that its Board of Directors has appointed Dr. Robert Foster to the Board. MKT Capital submitted Dr. Foster as a candidate and worked collaboratively with Aurinia to name him to the Board. In connection with Dr. Foster's appointment, MKT Capital has entered into a cooperation agreement with Aurinia. A complete copy of the cooperation agreement will be available on EDGAR and SEDAR.
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MDWD | Hot Stocks06:03 EDT MediWound's NexoBrid commercially available in the U.S. for thermal burns - MediWound announced the U.S. commercial availability of NexoBrid for the removal of eschar in adults with deep partial- and/or full-thickness thermal burns. Eschar removal is a critical first step in the treatment of burns as it can reduce inflammation, stop burn progression, as well as mitigate infections and sepsis. NexoBrid selectively targets eschar while preserving viable tissue.
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UBER | Hot Stocks05:56 EDT Uber Eats to start accepting food stamps for grocery delivery in 2024 - Uber Eats will start accepting food stamps and healthcare benefits as payment for grocery delivery orders, the company announced Wednesday. It also plans to add a new AI assistant that it says will help grocery customers get better deals. "We know that online food delivery can have a meaningful impact in reducing barriers to fresh groceries, especially for the most vulnerable-including people living in food deserts, seniors, and those facing disabilities or transportation barriers," Therese Lim, senior director of product at Uber Eats, said in a blog post. Reference Link
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IVA | Hot Stocks05:39 EDT Inventiva enters licensing agreement with Hepalys, to receive $10M upfront - Inventiva and Hepalys Pharma entered into an exclusive licensing agreement to develop and commercialize Inventiva's drug candidate lanifibranor for the treatment of non-alcoholic steatohepatitis in Japan and South Korea. Hepalys Pharma is a new company founded by Catalys Pacific. In parallel of the incorporation of Hepalys Pharma, Inventiva has exercised its right to own 30% of the company. Under the terms of this licensing agreement, Inventiva will receive a $10M upfront payment from Hepalys Pharma and will be eligible to receive up to $231M in milestone payments if certain clinical, regulatory and commercial conditions are met. Subject to regulatory approval, Inventiva has the right to receive tiered royalties from mid double digits to low twenties based on net sales of lanifibranor in Japan and South Korea. In parallel of the incorporation of Hepalys Pharma, Inventiva has exercised its right to own 30% of the company. In addition, Inventiva has the option to acquire the outstanding shares of Hepalys Pharma at a pre-agreed multiple of post-money valuation under certain conditions, and has a right of first refusal if Hepalys Pharma receives an offer to sell the license and rights related to lanifibranor.
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JBLU | Hot Stocks05:16 EDT JetBlue adds Amsterdam service from Boston - JetBlue has expanded its Amsterdam service with new nonstop flights between Boston Logan International Airport, or BOS, and Amsterdam Airport Schiphol, or AMS, taking off today, following the successful launch of service from New York's JFK Airport, or JFK, on August 29. From JetBlue's Boston focus city, the carrier also offers daily service to London and in 2024 will launch service to Paris.
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ARGX | Hot Stocks05:14 EDT Argenx announces Vyvgart authorized for sale by Health Canada - Argenx announced that Health Canada has issued a Notice of Compliance authorizing Vyvgart for the treatment of generalized myasthenia gravis, or gMG, in adult patients who are anti-acetylcholine receptor, or AChR, antibody positive. With this regulatory milestone, Vyvgart is the first-and-only neonatal Fc receptor, or FcRn, blocker authorized for sale in Canada.
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PBTS | Hot Stocks05:12 EDT Powerbridge announces 1-for-8 share consolidation - Powerbridge announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-8, effective as of 5:00 p.m. Eastern Time on September 21. The company's ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session at 4:00 a.m. Eastern Time on September 22. Upon the opening of the market session on September 22, the company's ordinary shares will continue to be traded on Nasdaq with the new CUSIP number G72007126. As a result of the share consolidation, every eight shares of the company's ordinary shares will be automatically consolidated into one ordinary share. The Share consolidation will not modify any rights of the ordinary shares of the company. No fractional shares will be issued in connection with the share consolidation, all such fractional shares shall be redeemed in cash for the fair value of such fractional share, which is based on the closing price of the ordinary shares on a post-consolidation basis on Nasdaq on the first trading date of the ordinary shares following the share consolidation.
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MESO | Hot Stocks05:08 EDT Mesoblast provides update on regulatory path for remestemcel-L - Mesoblast provided an update on the path to approval for remestemcel-L in the treatment of pediatric and adult steroid-refractory acute graft versus host disease, or SR-aGVHD, following a Type A meeting held with the FDA. FDA clarified that the key remaining issue for pediatric approval is providing further evidence that the potency assay will assure the consistent efficacy of commercial product. The key outcomes of the meeting and Mesoblast next steps are: Mesoblast summarized the large body of existing clinical data with the improved Ryoncil product version of remestemcel-L, manufactured after 2008 using the current process inspected by FDA, for potential approval in children. Mesoblast presented clinical data indicating that Ryoncil was associated with much higher survival of children with SR-aGVHD in the Expanded Access Protocol, or EAP, compared with the earlier Prochymal version manufactured before 2008. Mesoblast presented consistently high survival in patients treated in Ryoncil, in children with SR-aGVHD in the EAP between 2008-2015, in the Phase 3 trial MSB-GVHD001 between 2015-2018, and in the Emergency Investigational New Drug, or EIND, protocol from 2015-2023. FDA noted that the lack of a suitable potency assay for the Ryoncil product used during the Phase 3 trial MSB-GVHD001 for the pediatric acute GVHD indication has prevented the trial from being considered an adequate study for the purpose of demonstrating substantial evidence of effectiveness required for a marketing approval. Mesoblast intends to generate in the coming months new potency assay data for Ryoncil showing that the product used during pediatric Phase 3 trial MSB-GVHD001 was standardized as to its identity, strength, quality, purity, and dosage form to give significance to the results of the investigation as described in the Code of Federal Regulations for adequate and well-controlled studies and that commercial batches made for the pediatric indication will meet the same standard. Mesoblast believes these additional data will provide a link between the Ryoncil product that was used in the Phase 3 trial MSB-GVHD001 for the pediatric indication to the Ryoncil product which will be used in a future trial for the adult indication. To address the adult indication, Mesoblast proposed an externally controlled single-arm registration trial design in adults and children over age 12 with SR-aGVHD who have failed both steroids and a second line agent, such as ruxolitinib, to be underpinned by a suitable potency assay. Mesoblast intends to perform this trial in partnership with investigators at the Blood and Marrow Clinical Trials Network, a body responsible for approximately 80% of all U.S. transplants, with the costs expected to be covered by previously announced reductions in operational spend. FDA indicated its willingness to consider Mesoblast's proposed registrational trial design in adults, subject to agreement on the suitability of the potency assay for the product to be used in adults. Mesoblast expects to receive the formal minutes of the Type A meeting within three weeks.
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