Stockwinners Market Radar for October 09, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ACHR | Hot Stocks20:24 EDT Cathie Wood's ARK Investment bought 164K shares of Archer Aviation today
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NTLA | Hot Stocks20:23 EDT Cathie Wood's ARK Investment bought 144K shares of Intellia Therapeutics today
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CRSP | Hot Stocks20:22 EDT Cathie Wood's ARK Investment bought 113.8K shares of Crispr Therapeutics today
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MG | Hot Stocks18:03 EDT Mistras CEO Dennis Bertolotti to depart, Manuel Stamatakis named interim CEO - Mistras announced a series of key leadership transitions that promise to guide the company into its next phase of growth and innovation. Dr. Sotirios Vahaviolos is retiring as Executive Chairman after nearly 40 years of exceptional leadership and has been appointed Chairman Emeritus while remaining an active member of the Board of Directors. Succeeding him, the Board has appointed Manuel Stamatakis as Chairman of the Board. Dennis Bertolotti will be departing Mistras as its CEO, and the Board has asked Stamatakis to serve as the Interim CEO until a successor CEO is found. James Forese, the current Chairman of the Audit Committee, has been named Lead Director and Chairman of the Corporate Governance Committee.
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AOS | Hot Stocks17:31 EDT A.O. Smith raises quarterly dividend 7% to 32c per share - On October 9, the board of directors of A. O. Smith approved a 7% increase in the company's quarterly cash dividend rate to 32c per share. The dividend increase affects the company's common stock and Class A common stock. The dividend is payable on November 15 to shareholders of record October 31.
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H... | Hot Stocks17:20 EDT Hyatt to replace National Instruments in S&P 400 at open on 10/12 - Emerson Electric (EMR) is acquiring National Instruments (NATI) in a deal expected to be completed soon pending final conditions.
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H... | Hot Stocks17:18 EDT Hyatt to replace National Instruments in S&P 400 at open on 10/12 - constituent Emerson Electric (EMR) is acquiring National Instruments (NATI) in a deal expected to be completed soon pending final conditions.
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AC | Hot Stocks17:06 EDT Associated Capital reports preliminary Q3 book value per share $41.35-$41.55 - Associated Capital Group announced a preliminary range for its third quarter book value of $41.35 to $41.55 per share. This compares to $41.41 per share at June 30, 2023, $40.48 per share at December 31, 2022 and $39.96 per share at September 30, 2022. Assets under management were $1.59B at September 30, 2023, compared to $1.75B at September 30, 2022.
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AAPL... | Hot Stocks17:03 EDT Worldwide PC shipments drop 9% in Q3, but expected to grow in Q4, Gartner says - Worldwide PC shipments totaled 64.3M units in the third quarter of 2023, a 9% decrease from the third quarter of 2022, according to preliminary results by Gartner. While the third quarter's results mark the eighth consecutive quarter of decline for the global PC market, Gartner is expecting to see growth again starting in the fourth quarter of this year. "There is evidence that the PC market's decline has finally bottomed out," said Mikako Kitagawa, Director Analyst at Gartner. "Seasonal demand from the education market boosted shipments in the third quarter, although enterprise PC demand remained weak, offsetting some growth. Vendors also made consistent progress towards reducing PC inventory, with inventory expected to return to normal by the end of 2023, as long as holiday sales do not collapse." The top vendors in the worldwide PC market remained unchanged in the third quarter of 2023, with Lenovo maintaining the No. 1 spot in shipments with 25.1% market share.."The good news for PC vendors is that that the worst could be over by the end of 2023," said Kitagawa. "The business PC market is ready for the next replacement cycle, driven by the Windows 11 upgrades. Consumer PC demand should also begin to recover as PCs purchased during the pandemic are entering the early stages of a refresh cycle." Gartner is projecting 4.9% growth for the worldwide PC market for 2024, with growth expected in both the business and consumer segments.Companies in the PC & computer hardware space include: Apple (AAPL), Lenovo (LNVGY), HP (HPQ) Del l Technologies (DELL), Asustek Computer (ASUUY), AMD (AMD), Intel (INTC), Samsung (SSNLF) and Texas Instruments (TXN). Reference Link
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OII PBR | Hot Stocks17:02 EDT Oceaneering announces Petrobras drill pipe riser systems contract - Oceaneering International (OII) announced that one of its wholly owned subsidiaries, Marine Production Systems do Brasil Ltda., has secured a five-year contract from Petroleo Brasileiro S.A. (PBR) for the operation of three existing drill pipe riser systems to support intervention and completion operations in Brazil. Petrobras also has the option to add a fourth DPR system by notifying Oceaneering prior to mid-December 2023. The contract value could be worth up to $75 million in revenue during the five-year contract period. Under the terms of the contract, Oceaneering will continue to provide Petrobras with services utilizing three existing drill pipe riser systems with installation workover control systems, or IWOCS, along with project management, engineering and support services. The company will be replacing the umbilicals on the existing systems in 2024. The replacement umbilicals are planned to be manufactured at Oceaneering's facility in Niteroi, Brazil. Field operations under the contract are anticipated to commence when the current contract expires, or 18 months after award. Should Petrobras elect to add a fourth system, Oceaneering will have an additional 18 months to build the system, which would be expected to go on hire in June 2025.
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HUDA | Hot Stocks16:47 EDT Hudson Acquisition I announces death of CFO - Hudson Acquisition I announced that Mr. Hon Man Yun, the CFO of the Company, passed away on October 3, 2023.
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SUPN | Hot Stocks16:46 EDT Supernus resubmits NDA for SPN-830 apomorphine infusion device - Supernus Pharmaceuticals announced it has resubmitted its New Drug Application for its apomorphine infusion device for the continuous treatment of motor fluctuations in Parkinson's disease. Working closely with the U.S. Food and Drug Administration, Supernus believes it has addressed the FDA's questions related to a Complete Response Letter issued in October 2022 for the SPN-830 New Drug Application. The CRL required additional information and analysis related to the infusion device and drug product across several areas of the NDA. In addition, the FDA mentioned at the time that approval of the NDA required inspections that could not be completed in a timely manner due to COVID-19 travel restrictions. The CRL did not request additional efficacy and safety clinical studies. Supernus will continue to work closely with the FDA as it reviews the SPN-830 NDA. "SPN-830 represents a novel and less invasive therapy approach for PD patients who are seeking a convenient option in the form of a continuous subcutaneous infusion of apomorphine," said Jack Khattar, President and CEO of Supernus. "We look forward to continuing our effort with the FDA throughout the NDA review process to bring a promising alternative to patients and their families."
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NNDM | Hot Stocks16:46 EDT Nano Dimension says 'all aspects of the company continue to operate as normal' - Nano Dimension shared the following statements. "The War in Israel with Hamas terrorists, which began in the morning of October 7th, has affected many lives, including those of Nano Dimension employees. The company has operations around the globe, as well as R&D and manufacturing facilities in Israel. Unfortunately, there are many stories of tragedies amongst the family and friends of our employees. But there are also stories of hope and strength as a number of our people have stepped up to fulfill their responsibilities, with many serving their Israel Defense Force reserve duty roles, while others support the effort in a myriad of other ways. The management of the company has set up a 'Support Center' in its Israeli facilities, to address all facets of the company's responsibilities to its employees, customers, and other stakeholders. Naturally, the safety of our employees is of the greatest priority at this time, but all aspects of the company - from sales to R&D to finance - continue to operate as normal. The War in Israel will end decisively with proper actions to eliminate the Terrorists atrocities and threats. In the meantime, our employees will, as they always do, fulfill their responsibilities without respite."
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U | Hot Stocks16:34 EDT Unity down 1% at $29.40 after announcing immediate CEO retirement
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FRO EURN | Hot Stocks16:33 EDT CMB to acquire Frontline's Euronav stake, take Euronav private at $18.43/share - Euronav NV (EURN) announced earlier that its two reference shareholders, CMB NV and Frontline plc (FRO), have reached agreement on a transaction involving the company that "puts an end to the deadlock arising from their entrenched differences over strategy, while offering other shareholders the opportunity to realize cash value for their investment." The transaction comprises three interdependent agreements: CMB will acquire Frontline's 26.12% stake in the company for $18.43 per share; Frontline will acquire 24 VLCC tankers from the Euronav fleet for $2.35B; and the company's pending arbitration action against Frontline and affiliates will be terminated. "Following its acquisition of Euronav shares from Frontline, CMB will own 49.05% of the company's issued shares, representing 53% of the voting rights in Euronav. Euronav holds 8.23% of its shares in treasury. In compliance with Belgian takeover rules, CMB will launch a mandatory public takeover offer for all outstanding shares in the company that are not already owned by CMB or its affiliates, at a price of $18.43 per share, reduced on a dollar-for-dollar basis by the gross amount per share of any future distributions by Euronav to its shareholders with an ex-dividend date prior to the settlement date of the Offer. The Offer price will be paid in cash. The agreements to which the company is party, namely the Fleet Sale for a price reflecting market value and the Settlement Agreement, fall within the scope of the related parties transactions procedure under Belgian law. They have been approved by the Euronav Supervisory Board, on the advice of the Independent Directors' Committee stating that a continuing governance, structural and strategic deadlock between Euronav's reference shareholders may adversely impact the Company's ability to adapt to customer expectation and market evolutions, which is expected to become value destructive in the longer term," Euronav stated.
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PSTX ATRA | Hot Stocks16:32 EDT Poseida Therapeutics names Kristin Yarema, Ph.D as CEO, effective Jan 1, 2024 - Poseida Therapeutics (PSTX) announced the appointment of Mark Gergen as Executive Chairman and the transition of Kristin Yarema, Ph.D., currently President, Cell Therapy, to the role of President and CEO, each expected to be effective January 1, 2024. Now in her third decade in the biopharmaceutical industry, Dr. Yarema joined the company as President of Cell Therapy in April 2023, bringing extensive biopharmaceutical experience in oncology and allogeneic T cell immunotherapy. Prior to Poseida she served as Chief Commercial Officer at Atara Biotherapeutics (ATRA) where she led the commercialization of EBVALLO, which became the world's first marketed allogeneic T cell therapy after receiving regulatory approval in Europe for the treatment of a rare lymphoma.
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U | Hot Stocks16:32 EDT Unity affirms Q3 guidance - As part of its CEO transition announcement, the company stated: "Unity reaffirms its previously announced third quarter 2023 guidance. The Company's expectations regarding its third quarter 2023 financial results are preliminary and are subject to revision in connection with Unity's financial closing procedures and finalization of the Company's condensed consolidated financial statements for the third quarter 2023. Actual results may differ from these preliminary expectations."
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U | Hot Stocks16:31 EDT Unity CEO John Riccitiello to retire - Unity "announced that John Riccitiello will retire as President, CEO, Chairman and a member of the Company's Board of Directors, effective immediately. James M. Whitehurst has been appointed Interim Chief Executive Officer, President and a member of the Board. Roelof Botha, Lead Independent Director of the Unity Board, has been appointed Chairman. Mr. Riccitiello will continue to advise Unity to ensure a smooth transition. The Board will initiate a comprehensive search process, with the assistance of a leading executive search firm, to identify a permanent CEO."
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CNS | Hot Stocks16:27 EDT Cohen & Steers reports preliminary AUM $75.2B as of September 30 - Cohen & Steers reported preliminary assets under management of $75.2B as of September 30, a decrease of $4.9B from assets under management at August 31. The decrease was due to market depreciation of $4.3B, net outflows of $290M and distributions of $283M.
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XENE | Hot Stocks16:22 EDT Xenon: XEN1101 Phase 2b 'X-TOLE' Clinical trial results published - Xenon Pharmaceuticals announced the medical journal JAMA Neurology has published peer-reviewed efficacy and safety results from the X-TOLE Phase 2b randomized clinical trial of XEN1101, a novel potassium channel opener, in adults with focal epilepsy. Importantly, the efficacy and safety findings of this clinical trial supported the further clinical development in epilepsy of XEN1101, which is currently being evaluated in Phase 3 clinical trials in patients with focal onset seizures FOS and primary generalized tonic-clonic seizures. Ian Mortimer, Xenon's President and Chief Executive Officer, stated, "We are pleased to report that the peer-reviewed results from our Phase 2b X-TOLE study of XEN1101 in adults with focal epilepsy have been published in the prestigious JAMA Neurology journal. With a cohort of patients now on drug for more than four years as we continue to gather data from our ongoing open-label extension study, XEN1101 continues to demonstrate its efficacy through sustained seizure reduction and a compelling product profile with once-daily dosing with food and no titration required.
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CRS | Hot Stocks16:18 EDT Carpenter Technology to increase base prices by 7%-12% on new orders - Carpenter Technology announced that it will increase base prices by an average of 7% to 12% on new, non-contract orders across the majority of its premium products. The increases will be effective with new orders placed after October 8. All applicable surcharges will remain in effect.
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BKD | Hot Stocks16:15 EDT Brookdale Senior Living reports September occupancy - September 2023 observations: September 2023 weighted average occupancy increased 60 basis points sequentially, from 77.6% in August 2023 to 78.2% in September 2023. Supported by a 130 basis point increase over 2022, September represented 23 consecutive months of year-over-year weighted average occupancy growth. Weighted average occupancy increased sequentially each month within the quarter and the third quarter weighted average occupancy of 77.6% represented 110 basis points of sequential growth compared to the second quarter 2023.
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GRBK | Hot Stocks16:12 EDT Green Brick and Century Communities announce new JV project in Austin - Green Brick Partners and Century Communities announced a new joint development project in Austin, Texas. The two companies have purchased approximately 165 acres of land in Braker Valley, approximately 15 miles west of Trinity Ranch, a community where the two companies are actively selling single-family homes. Green Brick Partners is listed as one of Fortune Magazine's fastest-growing companies in 2022 and its fastest-growing public homebuilder. Century Communities-top 10 national homebuilder, industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023-offers new homes at multiple communities in the greater Austin area. L
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IRRX | Hot Stocks16:11 EDT Integrated Rail and Resources gets extension to consummate combination - The company states: "Pursuant to the Investment Management Trust Agreement between Integrated Rail and Resources Acquisition Corp. and American Stock Transfer & Trust Company, LLC, dated as of November 11, 2021, as amended on February 8, 2023, the Company received notice from the Company's sponsor, DHIP Natural Resources Investments, LLC, at least five days prior to October 15, 2023, that the Company intends to extend the time available in order to consummate a business combination from October 15, 2023 to November 15, 2023. The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on natural resources, railroads and/or railroad logistics companies, or any combinations thereof."
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MESA | Hot Stocks16:10 EDT Mesa Air launches Independent Pilot Development program - Mesa Airlines announced the launch of its Independent Pilot Development program IPD, which will offer pilots "pay as you go" opportunity to build required flight time quickly, economically, and efficiently in brand new Pipistrel Alpha 2 aircraft. IPD is designed to accelerate the time needed to achieve the required hours under the FAA's mandated "1,500-hour rule". IPD gives pilots a preferred interview with Mesa, or the ability to choose to work for any airline once they have reached 1,500 hours. The program is available to any pilot who has obtained their commercial pilot certificate and instrument rating. Pilots are required to purchase a minimum of 50-hour blocks at $60 hour. Rates include fuel and are based on two-pilot flight deck occupancy.
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PHXM | Hot Stocks16:10 EDT Phaxiam reports very high spectrum of activity its anti-S. aureus phages - Phaxiam Therapeutics announced a very high spectrum of activity of its anti-S. aureus phages against clinical bacterial strains. A retrospective analysis was carried out with 105 clinical Staphylococcus aureus strains which were tested using Phaxiam's phagogram in the context of clinical trials, salvage therapy and early access program (AAC). The results demonstrated that 98% of these pathogenic S. aureus strains were susceptible to at least one of the two Phaxiam's anti-S. aureus phages. Phagogram is an in vitro diagnostic, or IVD, test designed to determine the in-vitro activity of Phaxiam's phages to patients' bacterial strains. Phagogram is the first CE-marked IVD test dedicated to phage activity evaluation.
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LXRX | Hot Stocks16:07 EDT Lexicon gets preferred status with Express Scripts for Medicare patients - Lexicon announced that Express Scripts has determined that it will place Inpefa on its Premier Access and Premier Performance national formularies for Medicare patients on November 1, 2023. This placement will provide access to Inpefa for Express Scripts Medicare patients in plans that utilize these formularies and who meet the parameters of Inpefa's FDA-approved indication.
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FND | Hot Stocks16:06 EDT Floor & Decor announces grand opening of Albany, NY store - Floor & Decor announced the grand opening of its first store in Albany, New York. Located at 1425 Central Ave. at Colonie Center, it is the first store in the Saratoga County metropolitan area. The warehouse store and design center will open with a team of about 50 full-time and part-time associates led by Luke Langreder, the store Chief Executive Merchant. "We're thrilled to announce our newest store location in Albany," said Langreder. "For more than two decades, Floor & Decor has had the opportunity to serve professionals and homeowners throughout the nation, and we are excited to expand our footprint to Albany with this new location. We look forward to becoming part of the community and welcoming our newest neighbors into our store and making their renovation journeys easier, inspired, and more affordable."
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VTYX | Hot Stocks16:05 EDT Ventyx Biosciences Phase 2 trial of VTX002 for UC meets primary endpoint - Ventyx Biosciences announced positive results from the Phase 2 trial of VTX002, a novel oral S1P1 receptor modulator, in patients with moderate-to-severely active ulcerative colitis UC. "We are very excited to share the positive Phase 2 results for VTX002, which we believe establish VTX002 as a potential best-in-disease oral therapy for UC based on its combined efficacy and safety profile," said Raju Mohan, Ph.D., Founder and Chief Executive Officer. The Phase 2 trial of VTX002 was a 13-week, randomized, double-blind, placebo-controlled, dose-ranging trial evaluating the efficacy and safety of two oral doses of VTX002 in patients with moderate-to-severely active UC. The primary endpoint was the proportion of patients achieving clinical remission at Week 13 as defined by the modified Mayo Clinic Score. Secondary endpoints included endoscopic, histologic, and symptomatic outcome measures. Topline results are summarized below: 28% of patients on the 60 mg dose and 24% of patients on the 30 mg dose achieved the primary endpoint of clinical remission at Week 13 compared to 11% of patients on placebo 29% of patients on the 60 mg dose and 21% of patients on the 30 mg dose achieved the secondary endpoint of complete endoscopic remission . Dose response was observed between the 30 mg and 60 mg doses of VTX002 across key endpoints, providing evidence of clinical benefit with a greater mean reduction in absolute lymphocyte count achieved with the 60 mg dose relative to the 30 mg dose. VTX002 was well tolerated in both dose cohorts, with no treatment-related serious adverse events observed. There were no serious or opportunistic infections. There were no instances of atrioventricular block or bradycardia. No cases of macular edema were observed in the trial. Full results from the Phase 2 trial will be presented at a future medical meeting. "
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FLR | Hot Stocks16:05 EDT Fluor receives five-year contract extension for Naval Nuclear Propulsion Program - Fluor Corporation announced that its U.S. Department of Energy's National Nuclear Security Administration contract with Fluor Marine Propulsion, LLC, a Fluor-owned special purpose entity, was extended for five years through 2028. Originally awarded in 2018, the contract had a five-year base period of performance, with a five-year option. Consistent with the original contract, Fluor will recognize all fees earned with this new extension as equity income. The contract supports the Naval Nuclear Propulsion Program that is jointly part of the Department of Energy's NNSA and the Department of the Navy. The scope of the contract includes the management and operation of the Naval Nuclear Laboratory with primary facilities in New York, Pennsylvania and Idaho. "Fluor has supported our nation's security since 1944," said Tom D'Agostino, group president of Fluor's Mission Solutions business segment. "We are proud that the U.S. government continues to place its confidence in us to ensure that the nuclear Navy remains superior and is able to carry out its vital missions anywhere in the world. We look forward to supporting the Naval Nuclear Laboratory as it continues to deliver excellence to the men and women of the Navy who serve our country."
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IMUX | Hot Stocks16:03 EDT Immunic reports 'positive' interim data from Phase 2 CALLIPER trial - Immunic announced positive interim data from its phase 2 CALLIPER trial of nuclear receptor related 1 activator, vidofludimus calcium, in patients with progressive multiple sclerosis. The company believes that this data shows biomarker evidence that vidofludimus calcium's activity extends beyond the previously observed anti-inflammatory effects, thereby further reinforcing its neuroprotective potential. The predefined interim analysis examined the change from baseline to 24 weeks in serum neurofilament light chain and glial fibrillar acidic protein levels among approximately the first half of patients enrolled in this trial. Serum NfL responses were consistently observed for vidofludimus calcium across progressive MS disease and all subpopulations. In the overall PMS population at 24 weeks, vidofludimus calcium was associated with a 6.7% reduction from baseline in serum NfL, compared to a 15.8% increase over baseline in placebo. At 48 weeks, vidofludimus calcium reduced serum NfL by 10.4% from baseline, compared to a 6.4% increase in placebo. Substantial reductions were also seen across all PMS subtypes, as well as in patients that show or do not show disease and/or magnetic resonance imaging activity. Although early, interim GFAP data also showed a promising signal: at 24 weeks, GFAP increased by 3.7% for vidofludimus calcium, and 4.4% for placebo. At 48 weeks, the change was only 2.7% for vidofludimus calcium, with a 6.4% increase for placebo. Progression of GFAP response is generally thought to evolve more slowly than NfL, and the company believes that a longer follow-up may further strengthen this signal.
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MDRX | Hot Stocks16:03 EDT Veradigm discloses receipt of Nasdaq stay extension - Veradigm "announced that, on October 6, 2023, it received a notice from Nasdaq indicating that the temporary stay of delisting of the Company's common stock has been extended pending a hearing before the Nasdaq Hearings Pane on November 16, 2023, and the issuance of a final Panel decision. Previously, the Company disclosed that, on September 20, 2023, it had received a notice from Nasdaq indicating that the Company's common stock would be delisted due to noncompliance with Nasdaq Listing Rule 5250(c)(1), because the Company did not file its Annual Report on Form 10-K for the year ended December 31, 2022, Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 before the expiration of the 180-day "exception period" that was previously granted by Nasdaq."
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ATVI MSFT | Hot Stocks15:50 EDT Activision has no plans for 'COD: MWIII,' 'Diablo IV' on Game Pass this year - Activision Blizzard (ATVI) said it does not have plans to put "Call of Duty: Modern Warfare III" or "Diablo IV" onto Xbox Game Pass (MSFT) this year once the deal closes, though it expects to start adding games into Game Pass in the course of the next year. "It's awesome to see anticipation building for Call of Duty: Modern Warfare III," Activision Blizzard said. "As we continue to work toward regulatory approval of the Microsoft deal, we've been getting some questions whether our upcoming and recently launched games will be available via Game Pass. While we do not have plans to put Modern Warfare(R) III or Diablo IV into Game Pass this year, once the deal closes, we expect to start working with Xbox to bring our titles to more players around the world. And we anticipate that we would begin adding games into Game Pass sometime in the course of next year." Reference Link
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SGC | Hot Stocks15:28 EDT Superior Group appoints Soo-Jin Behrstock as chief information officer - Superior Group announced the appointment of Soo-Jin Behrstock as the company's chief information officer, or CIO, effective immediately. Behrstock, with more than 25 years of broad technology and information systems experience in both business-to-business and e-commerce industries, has an impressive record of strategic thought leadership and transformational implementations. Most recently, Behrstock was the chief information officer at King's Hawaiian.
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GMDA | Hot Stocks14:00 EDT Gamida Cell says all employees in Israel reported safe - Gamida Cell issued an update on its operations in Israel. "We remain profoundly saddened by the attacks in Israel this weekend and express our deepest condolences to the people of Israel as they mourn the loss of loved ones and defend themselves," said Abbey Jenkins, President and Chief Executive Officer of Gamida Cell. "We have been in touch with our employees in Israel and all are reported safe. We are committed to serving our customers and patients and our manufacturing facility is operational. We thank all our partners and investors who have reached out to express their support. We are continuing to monitor the situation closely and will provide updates as needed."
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GM | Hot Stocks13:50 EDT GM says latest offer to UAW includes 20% wage increase over life of agreement - General Motors provided an update on what is currently being offered to the UAW, stating that its latest offer includes a 20% wage increase over the life of the agreement with 10% increase in Year 1. The offer also includes reinstatement of COLA for team members at max wages starting Year 2. Reference Link
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CVNA | Hot Stocks13:01 EDT Carvana announces multiyear partnership with Jaxson Riddle - Carvana announced its newest sports partnership with professional mountain biker and Red Bull athlete Jaxson Riddle ahead of the world's premier big-mountain freeride event, Red Bull Rampage. As this year's event approaches, Carvana has teamed up with Riddle to give away a different set of wheels at this year's event-a fully customized mountain bike from Riddle's personal collection, the company said in a statement. "At Carvana, we are driven by our dedication to providing our customers with the best experiences possible," said Ryan Keeton, Carvana Co-Founder and Chief Brand Officer.
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FBIO | Hot Stocks12:53 EDT Fortress Biotech to effect 1-for-15 reverse stock split - Fortress Biotech announced that it will effect a 1-for-15 reverse stock split of its issued and outstanding common stock. Fortress expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Capital Market as of the commencement of trading on October 10. The reverse stock split was approved on August 10 by Fortress' board of directors and by Fortress' stockholders at a special meeting held on October 9, with the authorization to determine the final ratio within a specified range having been granted to the company's board. The reverse stock split is intended to bring the company into compliance with Nasdaq's $1.00 per share minimum bid price requirement for continued listing, the company noted.
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NEP | Hot Stocks12:00 EDT NextEra Energy Partners falls -9.3% - NextEra Energy Partners is down -9.3%, or -$2.09 to $20.46.
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EVA | Hot Stocks12:00 EDT Enviva falls -10.7% - Enviva is down -10.7%, or -62c to $5.17.
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XPEV | Hot Stocks12:00 EDT XPeng falls -11.4% - XPeng is down -11.4%, or -$2.06 to $16.09.
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NOC | Hot Stocks12:00 EDT Northrop Grumman rises 11.1% - Northrop Grumman is up 11.1%, or $47.15 to $470.39.
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SKIL | Hot Stocks12:00 EDT Skillsoft rises 15.4% - Skillsoft is up 15.4%, or $2.15 to $16.10.
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SPRU | Hot Stocks12:00 EDT Spruce Power Holding rises 644.2% - Spruce Power Holding is up 644.2%, or $3.59 to $4.14.
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HNSA | Hot Stocks11:55 EDT Hansa Biopharma announces results from NICE-01 trial of HNSA-5487 - Hansa Biopharma announced high-level results from NICE-01, the first-in-human trial for HNSA-5487. Results showed the molecule was safe and well tolerated. Fast and complete depletion of immunoglobulin G antibodies was observed at increasing doses in all subjects. Pharmacokinetics was in line with expectations and pharmacodynamics showed a fast and complete cleavage of IgG to F(ab')2- and Fc-fragments with increasing doses. NICE-01 is a double blind, randomized, placebo-controlled trial evaluating safety, tolerability, pharmacokinetics and pharmacodynamics of single ascending doses of HNSA-5487 administered as a single intravenous infusion. The trial included a total of 36 healthy male and female adult participants. HNSA-5487 is the company's lead candidate in the Novel Immunoglobulin Cleaving Enzymes for Repeat Dosing program. The NiceR program aims to develop next-generation enzymes with lower immunogenicity that would potentially allow for repeat dosing in a range of indications including IgG-driven autoimmune diseases where patients experience flares, transplantation where repeat dosing would be beneficial, gene therapy and oncology. Analysis of additional exploratory endpoints on IgG recovery and immunogenicity is now being conducted, with follow up on all subjects for 12 months. This analysis will serve as key input in determining the further clinical development program, including selection of indications.
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AAOI | Hot Stocks11:01 EDT Applied Optoelectronics teases 'something big coming' - Applied Optoelectronics tweeted: "Get ready! We've got something BIG coming your way. Imagine remotely and proactively managing all your system amps! Stay tuned. #QuantumReveal" Reference Link
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NVDA | Hot Stocks10:30 EDT Nvidia cancels AI SUMMIT scheduled for October 15-16 due to situation in Israel - Nvidia stated: "We hope this message finds you safe and well. We regret to inform you that due to the current situation in Israel, we have decided to cancel AI SUMMIT, which was scheduled for October 15th and 16th. Our hearts go out to all those affected by the situation. The safety and wellbeing of our participants are our top priority, and we believe this is the best course of action to ensure everyone's safety. If you have made any travel or accommodation arrangements, we recommend contacting your service providers to inquire about their policies. We appreciate your understanding and support during this difficult period." Reference Link
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SCO | Hot Stocks10:00 EDT Scor ADR falls -6.3% - Scor ADR is down -6.3%, or -$1.23 to $18.20.
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LAC | Hot Stocks10:00 EDT Lithium Americas falls -6.9% - Lithium Americas is down -6.9%, or -79c to $10.70.
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XPEV | Hot Stocks10:00 EDT XPeng falls -9.6% - XPeng is down -9.6%, or -$1.75 to $16.41.
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NINE | Hot Stocks10:00 EDT Nine Energy Service rises 11.6% - Nine Energy Service is up 11.6%, or 42c to $4.03.
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BPT | Hot Stocks10:00 EDT BP Prudhoe Bay rises 11.8% - BP Prudhoe Bay is up 11.8%, or 58c to $5.45.
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SPRU | Hot Stocks10:00 EDT Spruce Power Holding rises 645.1% - Spruce Power Holding is up 645.1%, or $3.59 to $4.15.
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XPEV | Hot Stocks09:47 EDT XPeng falls -6.6% - XPeng is down -6.6%, or -$1.19 to $16.97.
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CUK | Hot Stocks09:47 EDT Carnival plc falls -6.8% - Carnival plc is down -6.8%, or -81c to $11.02.
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CCL | Hot Stocks09:47 EDT Carnival falls -7.4% - Carnival is down -7.4%, or -98c to $12.28.
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NOC | Hot Stocks09:47 EDT Northrop Grumman rises 6.8% - Northrop Grumman is up 6.8%, or $28.68 to $451.92.
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NINE | Hot Stocks09:47 EDT Nine Energy Service rises 8.6% - Nine Energy Service is up 8.6%, or 31c to $3.92.
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BPT | Hot Stocks09:47 EDT BP Prudhoe Bay rises 9.9% - BP Prudhoe Bay is up 9.9%, or 48c to $5.35.
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FBYD | Hot Stocks09:41 EDT Fast Acquisition Corp II trading resumes
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KSCP | Hot Stocks09:38 EDT Knightscope receives purchase orders from four existing customers - Knightscope announces new purchase orders received from four existing customers - two cities and two universities - seeking to grow and improve their emergency communications systems.
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WAVE | Hot Stocks09:36 EDT Eco Wave Power 'applauds' California governor for signing SB 605 - Eco Wave Power applauds California Governor Gavin Newsom for signing California Senate Bill 605 into law - a historic moment for wave energy in America. The legislation directs the California Energy Commission to evaluate the feasibility of wave and tidal energy in California, including the costs and benefits of implementing the technology across the state's coastline. The California Energy Commission will work with various state agencies and stakeholders to identify suitable locations for wave energy and tidal energy projects in both Californian and federal waters. This comes after California's State Legislature set 2045 as its target for a 100 percent renewable and zero-carbon power grid, with its first benchmark target being 90 percent by 2035. As of 2022, net zero carbon and renewable energy made up 54.23 percent of California's total energy supply. "California leads the way on climate initiatives, and SB 605 further demonstrates the state's leadership across the world," said Eco Wave Power Founder & CEO Inna Braverman. "We believe that wave energy has massive potential, and we will soon be demonstrating our pioneering technology at the Port of Los Angeles and showcasing that wave energy can be a significant force in combating climate change and powering our communities with clean, reliable energy sourced from the endless power of the ocean."
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FBYD | Hot Stocks09:31 EDT Fast Acquisition Corp II trading halted, volatility trading pause
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DSX | Hot Stocks09:25 EDT Diana Shipping announces sale of m/v Boston for $18M - Diana Shipping signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2007-built vessel "Boston", with delivery to the buyer latest by December 20, 2023, for a net sale price of approximately $18M.
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CVX | Hot Stocks09:20 EDT Chevron temporarily closes operations at gas platform near Gaza Strip, NYT says - Chevron said it had shut down its Tamar platform, which is about 12 miles from the Gaza Strip, on instructions from Israel's Ministry of Energy, reported The New York Times' Stanley Reed. "Our top priority is the safety of our personnel, the communities in which we operate, the environment and our facilities," the company stated, adding that natural gas customers would continue to be served by another Chevron gas platform, known as Leviathan. Reference Link
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EH | Hot Stocks09:17 EDT EHang announces Nasdaq approval of request to suspend trading of ADSs - EHang Holdings announced that in anticipation of an upcoming announcement concerning a very significant development regarding its business operations, the Company has voluntarily requested the Nasdaq Stock Market to, and the Nasdaq has approved to temporarily suspend the trading of the Company's American depositary shares since the market opens at 9:30 a.m., October 9, 2023, Eastern Time. The Company plans to announce the new development, and make an application with the Nasdaq to resume the trading of its ADSs, no later than 5:00 a.m., October 13, 2023, Eastern Time.
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VEON | Hot Stocks09:16 EDT Veon closes sale of Russia operations, completes Russia exit - VEON completed its exit from Russia with the closing of the sale of its Russian operations to a group of senior members of the PJSC VimpelCom management team, led by VimpelCom CEO Alexander Torbakhov. As previously announced, the transaction does not provide for any buy-back arrangements and signifies a complete exit from the Russian market for VEON - a company that serves six exciting and high-potential emerging markets, delivering higher growth and operating with a lower leverage and ample liquidity.
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CMTL | Hot Stocks09:13 EDT US Army awards Comtech up to $544M contract for communications/engineering - Comtech announced that it was recently awarded a U.S. Army contract with a maximum ceiling value of $544M. Under the contract, Comtech will provide onsite professional engineering services, as well as supply and support the company's market leading satellite and terrestrial networking communications technologies for the Project Manager Tactical Network for the Global Field Service Representative GFSR support program. The GFSR program provides ongoing communications and IT infrastructure support for the Army, Air Force, Navy, Marine Corps, and NATO-enabling U.S. and coalition forces to maintain robust, resilient, and secure connectivity for global all-domain operations in all environments. "This contract award further demonstrates the differentiated value of our networked communications technologies, as well as the unique, comprehensive domain expertise of our people providing professional engineering services for critical U.S. Department of Defense missions across a comprehensive array of government programs," said Ken Peterman, President and CEO, Comtech. "Comtech's professional engineering services and our extensive portfolio of resilient, blended, smart-enabled networked communications technologies will help the DoD and coalition partners maintain an assured information advantage in an age of Combined Joint All Domain Command and Control operations."
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IMPP | Hot Stocks09:12 EDT Imperial Petroleum to repurchase 2.58M warrants - MPERIAL PETROLEUM has agreed to repurchase 1,480,001 Class C Warrants and 1,100,003 Class D Warrants from certain institutional investors for an aggregate purchase price of approximately $0.62M.
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VLCN | Hot Stocks09:09 EDT Volcon formalizes factoring agreement with Prestige Capital Finance - Volcon announced the formalization of a factoring agreement with Prestige Capital Finance. This arrangement provides Volcon with newfound access to cash, enabling the Company to accelerate its growth and meet the expected demand for its revolutionary electric vehicles. Under this new arrangement, Prestige will pay Volcon 80% of the Company's eligible US powersport dealer invoice values immediately, with a maximum fee per invoice of approximately 5% if the invoice is financed over the full 90-day eligibility period. The remaining 20% of the invoice amount, less fees, will be paid to the Company upon collection by Prestige. All invoices factored under this arrangement are full recourse back to the Company in the event of nonpayment. The initial availability under this arrangement will be $6 million and can be increased to support future expected increased sales.
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CCLD | Hot Stocks09:08 EDT CareCloud, medSR to showcase healthcare technology solutions at MGMA conference - CareCloud will be exhibiting alongside its medSR division at the MGMA Leaders Conference, October 22-25, 2023, in Nashville, TN. The event is a dynamic platform for medical practice leaders, and CareCloud will be exhibiting alongside its medSR division at booth 1107. CareCloud's representatives will be available in the booth throughout the conference to engage in insightful discussions about our comprehensive suite of technology-enabled revenue cycle management solutions. CareCloud will be spotlighting a variety of cutting-edge solutions that revolutionize and streamline the entire RCM process. This includes everything from efficient claims submission to proactive denial management. Additionally, CareCloud will showcase digital health solutions, designed to enhance patient engagement and play a pivotal role in advancing the healthcare industry towards value-based care. Attendees will also have the opportunity to discover cost-saving possibilities through CareCloud's group purchasing organization program and gain insights into our forthcoming generative AI solutions.
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FTNT | Hot Stocks09:07 EDT Fortinet launches FortiSwitch 600, 2000 campus switches - Fortinet announced two new campus switches, the FortiSwitch 600 and 2000. These switches support the growing connectivity and security needs of the campus with high performance, embedded intelligence, and seamless integration with Fortinet's AIOps management tool and FortiGuard AI-Powered Security Services.
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AU | Hot Stocks09:06 EDT AngloGold Ashanti completes restructuring resulting in UK corporate domicile - AngloGold Ashanti has completed a corporate restructuring resulting in a corporate domicile in the United Kingdom, and a change of its primary listing from the Johannesburg Stock Exchange JSE to the New York Stock Exchange NYSE . The company, which now has its group headquarters in Denver, retains secondary listings on the JSE and the Ghana Stock Exchange GSE . As disclosed in its initial announcement of the restructuring, on 12 May of this year, the restructuring attracted various tax payments in South Africa and Australia. These tax payments have now been determined at about $286m, following the successful conclusion of the corporate restructuring transaction. The detailed breakdown of the estimated total amount is provided below. AGA has a robust balance sheet, with strong liquidity, low leverage and no near-term maturities, and will fund the tax payments from internal sources. The tax amounts, calculated based on market prices on 22 September of this year at a closing share price of $18.15, shares in issue of 419,685,792, and a closing market capitalisation on the NYSE of $7.6bn, are listed below. Please note that final US dollar amounts of tax payments in South Africa may vary based on foreign exchange rates at the time payment is made in rands. AGA plans to voluntarily file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K with the SEC instead of filing on the reporting forms available to FPIs starting with the 10-Q filing for the second quarter of 2024. Prior to voluntarily filing on forms that are available to U.S. domestic issuers, AGA will file its annual report for 2023 on Form 20-F and will only provide production information for each mine and major project updates in its reports for the third quarter of 2023 and the first quarter of 2024. We expect to release full year results for 2023 with detailed financial and operating information in February 2024.
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MULN | Hot Stocks09:06 EDT Mullen Automotive appoints Marianne McInerney as CSO - Mullen Automotive announced the appointment of Marianne McInerney as Chief Strategy Officer. In this key role, McInerney will focus on growth opportunities and drive strategic initiatives for Mullen's commercial, consumer vehicles and governmental affairs. Prior to Mullen, McInerney held key roles at next-generation vehicle OEMs, the U.S. Department of Transportation, and the American International Automobile Dealers Association. McInerney served as Assistant Secretary and Director of Public Affairs for the U.S. Department of Transportation under Secretary Elaine Chao. In her role with Mullen, Marianne will focus on sales, marketing and growth opportunities with Mullen's commercial and passenger vehicle programs, and overall strategic business opportunities for the company. She will also oversee all state and federal governmental affairs for the company.
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AYX ORCL | Hot Stocks09:05 EDT Alteryx appoints Dorsey as SVP of Sales for the Americas - Alteryx (AYX) announced the appointment of Mark Dorsey as Senior Vice President, SVP, of Sales for the Americas to broaden Alteryx's market presence and maximize opportunities at all points in the customer journey. Dorsey will lead strategic selling efforts for the Americas, with an emphasis on driving sustainable growth. Dorsey joins Alteryx with extensive experience building and leading high-performing sales teams at top global brands, including Oracle (ORCL).
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LTH | Hot Stocks09:05 EDT Life Time Group names WellnessSpace Brands as Official Recovery Partner - WellnessSpace Brands has been named an Official Recovery Partner for Dynamic Personal Training at Life Time. WellnessSpace Brands' products will be included in Life Time locations across North America, expanding WellnessSpace Brands' current imprint. WellnessSpace Brands' products are presently in 30 Life Time locations, with plans to be in the majority of locations by the end of 2024.
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CCS | Hot Stocks09:04 EDT Century Communities elects Ramirez to board of directors - Century Communities announce the election of Elisa Zuniga Ramirez as a new Independent Director to its Board, effective October 16, 2023. Zuniga Ramirez has over 30 years of experience in institutional investing with a proven history of value creation. Until her retirement in 2020, she was a Principal and Senior Portfolio Manager at Segall Bryant & Hamill.
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TKO | Hot Stocks09:04 EDT WWE announces record Fastlane event - WWE, part of TKO Group, announced that Fastlane, which emanated from Gainbridge Fieldhouse in Indianapolis, became the most-watched and highest-grossing Fastlane in company history. The live event set new Fastlane records for viewership, gate and sponsorship.
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GOVX | Hot Stocks09:03 EDT GeoVax Labs receives notice of allowance for Marburg vaccine patent - GeoVax Labs announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance for Patent Application No. 17/584,231 titled "Replication-Deficient Modified Vaccinia Ankara Expressing Marburg Virus Glycoprotein and Matrix Protein." The allowed claims generally cover GeoVax's vector platform for expressing Marburg virus antigens in virus-like particles utilizing an MVA viral vector. A recent presentation of data from nonhuman primate studies demonstrated that immunization with GeoVax's vaccine candidate, GEO-MM01, conferred 80% survival in cynomolgus macaques following a lethal dose of Marburg virus. Vaccination protected from viremia, weight loss and death following challenge with a lethal Marburg virus dose. Evaluation of immune responses following vaccination demonstrated the presence of both neutralizing antibodies and functional T cells, indicating a breadth of responses that combine for optimal protection. GeoVax is currently evaluating study designs to assess the potential for administering different dose levels of the vaccine and different routes of vaccine delivery to optimize utility and efficacy.
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HYPR | Hot Stocks09:03 EDT Hyperfine announces FDA clearance of updated software - Hyperfine announced FDA clearance of updated software. Built on an AI foundation, the latest software brings image quality enhancements to the Swoop system's diffusion-weighted imaging, or DWI, sequence. With this latest software update, Hyperfine, Inc. expands the Swoop system's AI denoising capabilities by incorporating advanced image post-processing into the DWI sequence. The system's other sequences previously benefited from this AI feature. Denoising enables a crisper image that potentially helps clinicians more accurately diagnose, treat, and monitor patients undergoing brain imaging.
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ITRI | Hot Stocks09:00 EDT Itron validaties products for operation on Anterix private LTE spectrum - Itron announced it recently completed validation of several products for operation on Anterix 900 MHz private LTE spectrum. Anterix is the nation's largest holder of licensed spectrum in the 896-901/935-940 MHz band throughout the contiguous United States, plus Hawaii, Alaska and Puerto Rico. Itron's "Anterix Capable" products include its Access Point , with plans to validate Itron's CENTRON LTE-M electric meter, Cellular 500G gas module, Cellular 500W water module, Edge Gateway and Solar Battery AP. The Access Point is also CatalyX approved, validated for private to public failover and fallback. Compatibility with Anterix's 900 MHz spectrum further expands Itron's multi-transport network options, giving utilities and cities the flexibility to deploy and operate Itron solutions across Anterix supported private LTE networks. With cellular communications, utilities have a simple way to securely connect strategic utility grid assets from meters to substations.
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TYGO | Hot Stocks09:00 EDT Tigo Energy Inc trading resumes
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WW | Hot Stocks08:56 EDT WW higher after Oprah tells WSJ weight loss drugs 'viable option' - Oprah Winfrey said in a statement to the Wall Street Journal regarding her previous comments that new weight-loss drugs are an "easy way out" that she herself wouldn't take: "My position on the use of prescription medication was misconstrued and taken out of context. To be clear, I believe that prescription medications are an important and viable option to consider for people who struggle with weight and health related issues. Every person should be able to choose what wellness and good health means for them without scrutiny, stigma or shame." Shares of WW are up 10c to $10.54 in premarket trading. Reference Link
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MCOM | Hot Stocks08:54 EDT Micromobility.com announces uptick in subscriptions - Micromobility.com with Wheels announced a significant uptick in subscriptions following the successful opening of its flagship Soho store. The company is now set to expand its operations into key markets, including Los Angeles, Seattle, Miami, and Austin. In the coming month, Wheels, along with its sister companies Micromobility.com and Helbiz, will transition their existing warehouse locations across the United States into service hubs. This strategic move will not only enhance operational efficiency but also pave the way for these hubs to become subscription center hubs, supporting Wheels' path to profitability as soon as possible.
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DOX | Hot Stocks08:51 EDT Amdocs enables migration of classic applications to Azure, OCI - Amdocs announced that following Microsoft and Oracle's expanded partnership to deliver Oracle database services running on Oracle Cloud Infrastructure in Microsoft Azure data centers with Oracle Database@Azure, service providers will now have the option to migrate their Amdocs classic applications to Azure or OCI, based on the service provider need or choice. This development will further empower service providers to integrate their Amdocs classic applications with the latest solutions in the Amdocs portfolio, including the new Amdocs Customer Engagement Platform recently announced by Microsoft and Amdocs. This platform brings together Amdocs' end-to-end set of solutions, from customer experience to monetization products to network automation, with the capabilities of the Oracle and Microsoft Clouds. This collaboration provides service providers with a unique pre-integrated and telco-verticalized solution that offers a seamless customer experience.
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VEV | Hot Stocks08:49 EDT Vicinity Motor, ADASTEC to deploy automated transit buses at MSU - Vicinity Motor entered into an agreement to deploy an SAE level-4 vehicle, the Vicinity Autonomous Lightning Electric transit bus, at Michigan State University in conjunction with automated driving software platform provider ADASTEC Corporation. Per the terms of the agreement, the vehicle deployment will take place at the MSU East Lansing Campus in the second quarter of 2024, showcasing Vicinity's next-generation electric transit bus outfitted with ADASTEC's cutting edge automated transportation technology. This landmark initiative is set to be the first of its kind in North America.
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LVO | Hot Stocks08:48 EDT LiveXLive partners with METAvivor for #LightUpMBC Live - LiveOne announced its collaboration with METAvivor Research and Support for the fifth annual #LightUpMBC Live event. On October 13, 2023, National Metastatic Breast Cancer Awareness Day, LiveOne will livestream the event, lighting over 275 landmarks across all 50 U.S. states, D.C., Puerto Rico, Canada, Australia, England, Ireland and more in the distinctive MBC awareness colors of green, teal, and pink. This global event, fueled by hundreds of #LightUpMBC ambassadors, seeks to raise vital awareness and funds for metastatic breast cancer research. With over 685,000 annual global deaths from this disease, a cure remains elusive.
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HAL CLB | Hot Stocks08:46 EDT Halliburton, Core Laboratories announce strategic collaboration in U.S. - Halliburton (HAL) and Core Laboratories (CLB) announced a strategic collaboration in the U.S. to compress the delivery time of cutting-edge comprehensive digital rock data solutions from months to weeks, even while full petrophysical laboratory measurements are in progress. This collaboration combines Core Lab's industry-leading expertise in reservoir description and optimization technologies with Halliburton's specialization in pore-scale digital rock analysis. The collaboration facilitates the integration of digital rock characterization at a nano, micro and macro level, which will enable U.S. clients to run pore-scale simulations in parallel with physical laboratory experiments. These enhancements will drive the accuracy and innovation of new and existing digital rock characterization workflows. "Digital rock simulations empower petrophysicists, engineers, and geologists to dynamically evaluate reservoir characterization models while they await the completion of traditional lab measurements, which often takes months," said Chris Tevis, Vice President, Wireline and Perforating, Halliburton. "Our collaboration with Core Laboratories will empower reservoir characterization experts to gain critical insights into their assets much earlier in the assessment process, significantly reducing inherent risks and uncertainties."
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GROM | Hot Stocks08:46 EDT Curiosity Ink Media enters licensing partnership with Well Played Toys - Curiosity Ink Media has announced a new expansion of its Cats vs Pickles licensing program in association with Cepia, LLC. This licensing partnership with Well Played Toys is poised to introduce a diverse and innovative range of Cats vs Pickles products to the market. The anticipated new product line is slated to hit retail shelves by Q2 2024, offering fans new options to expand and display their Cats vs Pickles collections.
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SEB | Hot Stocks08:45 EDT Seaboard announces repurchase of 189,724 shares - Seaboard announced that it has agreed to repurchase 189,724 shares of its common stock, $1.00 par value per share, at a purchase price of $3,162.50 per share. This represents a 15.7% discount to the 180-day volume weighted average trading price of the Common Stock as of October 6, 2023, a 14.9% discount to the 30-day volume weighted average trading price of the Common Stock as of October 6, 2023 and a 13.5% discount to closing price of the Common Stock as of October 6, 2023. The Common Stock will be repurchased for an aggregate purchase price of $600,002,150 from entities affiliated with Ellen S. Bresky, the Chairwoman of the Board of Directors of Seaboard, and other members of the Bresky family, in a privately negotiated transaction. The repurchased shares will be retired.
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NWLI | Hot Stocks08:45 EDT National Western Life trading resumes
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MAMA | Hot Stocks08:44 EDT Mama's Creations announces planned evolution of senior management team - Mama's Creations announced the planned evolution of the Company's leadership team with two new Vice President of Operations appointments at the Company's East Rutherford and Farmingdale facilities, in conjunction with the retirement of COO Matthew Brown at the end of the third quarter of fiscal 2024. Eric Felice has been promoted to the role of Vice President of Operations, East Rutherford. In addition, Ray Geer has been promoted to the role of Vice President of Operations, Farmingdale. COO Matthew Brown will retire effective October 31, 2023, at which point he will resign from the Board of Directors as well. To ensure a smooth transition, Eric Felice and Ray Geer have already assumed responsibility for operations at their respective facilities for the majority of the third quarter. In conjunction with this announcement and to better enable the operations team to focus on facility-level matters, EVP Steve Burns has broadened his responsibilities as Mama's Creations Chief Administrative Officer. Anthony Morello, President of T&L Creative Salads and Olive Branch, will also broaden his responsibilities to accelerate the Company's efforts to create a "one factory, two locations" approach to operational load sharing and redundancy.
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INSE | Hot Stocks08:42 EDT Inspired Entertainment partners with NBA for virtual sports offerings - Inspired Entertainment signed an agreement with the National Basketball Association securing the rights to develop Virtual Sports games centered around the world's premier professional basketball league's archived footage. The NBA-themed Virtual Sports offerings will provide fans the ability to wager on teams in fast-paced matchups. Users will have many of the same wagering options as a standard sportsbook including money line bets, over/under total score, etc. The NBA-themed Virtual Sports will include a variety of NBA imagery, including NBA archived footage and all 30 team logos, as well as during NBA All-Star, NBA Playoffs and NBA Finals.
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TNYA | Hot Stocks08:42 EDT Tenaya Therapeutics presents clinical, preclinical data on TN-301 program - Tenaya Therapeutics released new data for TN-301 at the 2023 Heart Failure Society of America Annual Scientific Meeting. TN-301 is Tenaya's highly selective small molecule inhibitor of histone deacetylase 6 being developed for the potential treatment of heart failure with preserved ejection fraction. Results from the Phase 1 clinical trial of TN-301 were presented in an ePoster, Phase 1 Clinical Trial Of TN-301, A Highly Selective HDAC6 Inhibitor with Potential in HFpEF, Shows Target Engagement. Tenaya initiated the randomized, double-blind, placebo-controlled Phase 1 clinical trial in September 2022 to assess the safety and tolerability of escalating, oral doses of TN-301, as well as pharmacokinetics and pharmacodynamics measures. The Phase 1 trial enrolled a total of 72 healthy adult participants in two stages. In Stage 1, participants received single ascending doses of either TN-301 at doses ranging from 1mg - 700mg or placebo. Tubulin acetylation was previously established as a relevant PD marker of HDAC6 inhibition in preclinical studies and utilized in the Phase 1 clinical trial to confirm target engagement. Upon achieving evidence of target engagement at single doses of 5mg, participants were enrolled in Stage 2 and received multiple ascending doses of TN-301 at once daily doses of 25mg, 100mg and 300mg for 14 days. Key Findings: TN-301 was generally well tolerated across the broad range of doses studied, with no dose-limiting toxicities or serious adverse events observed. The most common adverse events observed were related to gastrointestinal disturbances. These occurred with similar frequency among those who received placebo or TN-301 and did not increase with TN-301 dose. All participants completed the study. PK results showed overall dose proportionality in both the SAD and MAD stages of the study with a half-life supportive of once-daily dosing. Robust HDAC6 inhibition was observed and increasing doses and exposures with TN-301 correlated with increasing PD effects. Plasma exposure and target engagement observed in this healthy participant study met or exceeded those required for maximal efficacy in preclinical studies. There were no changes in histone acetylation with TN-301, underscoring the selectivity of TN-301 for HDAC6 and potentially reducing the risk of off target effects observed with less selective HDAC6 inhibitors or pan-HDAC inhibition. Future studies of TN-301 in HFpEF patients may evaluate a range of doses starting at approximately 25 mg and higher. The ePoster titled, Co-Administration of Inhibitors of HDAC6 and SGLT2 in Murine HFpEF Models Results in Additive Improvements in Cardiac Structural and Functional Measures, describes an effort by Tenaya researchers to examine the effect of combining TYA-018 with empagliflozin in the company's proprietary HFpEF mouse model. This study compared healthy controls with those treated with TYA-018 and empagliflozin administered alone or in combination vs. untreated HFpEF mice. Key findings: Evidence of additive benefits at or nearing that of healthy controls were observed in all treatment groups at eight weeks, but more substantially with combination treatment, across multiple measures of diastolic function without negative consequences to ejection fraction. At a gene level, an extensive reversal of disease toward healthy controls was observed in TYA-018 and combination groups, but less so in the empagliflozin group. A gene set enrichment analysis of pathway and functional level HFpEF changes provided insights on the distinct impact of HDAC6 inhibition on disease pathophysiology compared to SGLT2 inhibition, with TYA-018 demonstrating a greater impact on improving metabolism, oxidative stress and inflammation.
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EMKR | Hot Stocks08:39 EDT Emcore announces advancement of PIC technology - EMCORE Corporation announced the advancement of Photonic Integrated Chip technology and integration into all of the Company's open-loop FOG-based products. PIC technology resulted from three years of development and began integration into EMCORE's previous generation open-loop designs in late 2021 through 2022, culminating with the launch of the TAC-450 Inertial Measurement Unit, EMCORE's first IMU series with PIC Inside, and the new TAC-450 single- and multi-axis FOGs. The PIC enables significantly improved reliability, unit-to-unit repeatability, durability, outstanding shock/vibration tolerance, and easier integration for exceptional navigation capability and environmental robustness in challenging applications. The technology is based on the groundbreaking integrated optical chip that replaces individual fiber optic components with a silicon waveguide system that results in improved optical performance by simplifying the handmade optical couplers, polarizers, and two splices incorporated within a gyro assembly.
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EH | Hot Stocks08:39 EDT EHang Holdings Ltd trading halted, news pending
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ABVC | Hot Stocks08:38 EDT ABVC BioPharma receives Taiwanese patent for MDD treatment - ABVC BioPharma received a Taiwanese patent, Application No. 109130285, for the use of PDC-1421, a Radix Polygala extract, which is used in the Company's asset ABV-1504 for the treatment of Major Depressive Disorder. The Company was previously awarded a U.S. patent, US 11,554,154 B2, on April 25, 2023, for the same treatment. The patent application was submitted to the Taiwan Patent and Trademark Office under the title "Polygala Extract for the Treatment of Major Depressive Disorder." The invention relates to oral administration of the formulation containing a Radix Polygala extract, PDC-1421, as a capsule for treating Major Depressive Disorder. Based on current studies, administering the composition should be done over the course of at least 25 days, with the daily dose varying once, twice, or three times per day; each dose ranges between 380-760 mg of the botanical extraction. ABV-1504, the Company's asset indicated for use in MDD containing PDC-1421, is a botanical-based Norepinephrine Transporter inhibitor that has completed Phase II clinical studies, with plans to initiate an End of Phase II meeting with the FDA.
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DM SSYS | Hot Stocks08:38 EDT Desktop Metal terminates shareholder rights plan amid Stratasys merger cancel - Desktop Metal (DM) announced that, in connection with the termination of the merger agreement between Desktop Metal and Stratasys (SSYS) on September 28, the Desktop Metal board of directors approved the amendment of Desktop Metal's rights agreement, which was previously scheduled to expire on July 24. Pursuant to the amendment, the plan has been terminated as of today. Further details about the amendment to the rights agreement will be contained in a Form 8-K to be filed by Desktop Metal with the SEC.
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CLMB | Hot Stocks08:37 EDT Climb Global completes acquisition of DataSolutions for $16.3M - Climb Global Solutions has completed the acquisition of DataSolutions Holdings for an aggregate purchase price of $16.3M payable at closing, plus a potential post-closing earn-out. The Company funded the acquisition of DataSolutions utilizing cash from the Company's balance sheet. DataSolutions is an Ireland-based, specialist IT distributor serving the Irish and UK reseller markets. DataSolutions brings its robust share of the Irish and UK markets to Climb, with 14 carefully selected blue-chip vendor partners, including Check Point, Citrix, Neustar, HPE Aruba, IGEL and ColorTokens. For its fiscal year ended March 31, 2023, DataSolutions reported adjusted EBITDA of approximately $3.3 million, which was up double-digits from the prior fiscal year.
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LIXT | Hot Stocks08:36 EDT Lixte Biotechnology announces passing of founder, executive chairman John Kovach - LIXTE Biotechnology announced the passing of its founder and Executive Chairman, John Kovach, M.D. Kovach, 87, founded the Company in 2005 and held a distinguished medical and scientific career that focused on the causation and treatment of cancer.
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DYAI | Hot Stocks08:34 EDT Dyadic International appoints Doug Pace as EVP, business development - Dyadic International announced the appointment of Doug Pace as Executive Vice President of Business Development. The expansion of Dyadic's management team is in response to the increased interest in the Company's microbial platforms, specifically the C1 technology for infectious disease and other recombinant vaccines and antibodies for human and animal pharmaceutical use, and the Dapibus platform for non-pharmaceutical applications for large nutritional markets such as dairy proteins and enzymes as well as cell culture markets for recombinant serum albumin. Pace spent over 3 years at Pfizer, Inc. in their inflammation & immunology division where he held various leadership positions in their biosimilars portfolio.
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HEPS V | Hot Stocks08:34 EDT Hepsiburada Card, in partnership with Visa, can now be used worldwide - D-MARKET Electronic Services & Trading (HEPS) announces a five-year agreement with Visa (V) to ensure that the digital prepaid cards of its users are accepted all over the world for online and physical purchases. Users will now be able to create their digital cards with a Visa logo by logging in to their Hepsipay accounts through Hepsiburada. They will be able to top up cash to their Hepsipay cards via transfers from credit or debit cards, as well as transferring cash from their bank accounts. Speaking on the partnership with Visa, Erkin Aydn, CEO of Hepsiburada Financial Services said: "Hepsipay was launched as the platform wallet of Hepsiburada. We are the first and only platform wallet licensed by the Central Bank of the Republic of Turkiye. Hepsipay cards now offer our customers an open loop payment solution. We describe this as expanding Hepsipay to the street. This agreement with Visa serves our goal of expanding our payment solutions outside the Hepsiburada platform and will benefit our customers, allowing them to use their cards at any payment point under the assurance of Visa and Hepsipay. We are excited to be able to benefit from Visa's global experience."
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SPGC | Hot Stocks08:33 EDT Sacks Parente Golf appoints Scott White as COO - Sacks Parente Golf has announced the appointment of Scott White as its new Chief Operating Officer/ White will assume a pivotal leadership position with the primary responsibility of overseeing the day-to-day business operations of the company, including managing SPG's operations at its manufacturing facility in St. Joseph, Missouri. He most recently served as President and CEO of the Ben Hogan Golf Equipment Company for seven years, driving consecutive annual revenue growth and transforming the business model.
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ALSN | Hot Stocks08:33 EDT Allison Transmission teams with B-Metro for 35-foot GILLIG buses - Allison Transmission will partner with B-Metro, the public transit system in Brownsville, Texas, to provide the Allison eGen FlexTM electric hybrid propulsion system for 35-foot GILLIG buses. The city recently received a $4.7M grant from the Federal Transit Administration's FTA 2023 Low or No Emission Program. Brownsville named Allison's eGen Flex electric hybrid technology in its application for the grant. The city is one of 125 communities across the U.S. to be awarded this funding for modernizing bus facilities and purchasing new vehicles that help reduce emissions. "Receiving the FTA grant is a significant win for the city of Brownsville and our residents," said Gennie Garcia, Deputy Director of Multimodal Transportation, City of Brownsville. "The new vehicles will be safer, more reliable and better for the environment. We're eager to update our fleet with fully electric-capable alternatives in order to achieve our goal of reducing carbon emissions."
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ADD | Hot Stocks08:32 EDT Color Star Technology enters LOI to acquire Yi Ti Technology - Color Star Technology announces that it has entered into a non-binding letter of intent, LOI, for the planned acquisition of Yi Ti Technology. Color Star CEO, Louis Luo, explained, "The due diligence process is now underway as we're working on planned acquisition of Yi Ti. After analyzing Yi Ti's audit report, we noticed that their annual revenue is continuing to grow. At this year's 2022 Asian Games taking place in Hangzhou, China, Yi Ti provided their A.I. technology services and support, which shows they are continuing to develop and grow. This planned acquisition will be a major step forward for Color Star in the field of sports technology. Color Star hopes to contribute and participate in many more international sporting events in the future." Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive agreement, satisfaction of the conditions negotiated therein including the approval of the Company's Board of Directors and the satisfaction of other customary closing conditions.
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ECPG | Hot Stocks08:28 EDT Encore Capital announces proposed senior secured floating rates notes offering - Encore Capital Group announced its intention to offer, subject to market and other conditions, EUR 100.0 million aggregate principal amount of its senior secured floating rate notes due 2028 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the United States to non-U.S. persons. The notes will be issued as "additional notes" under the Company's existing notes indenture dated December 21, 2020, and will have the same terms as the Company's currently outstanding senior secured floating rate notes due 2028. The Notes will bear interest at a rate equal to the sum of three-month EURIBOR plus 4.250% per annum, reset quarterly. The Issuer will pay interest on the Notes quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing on January 15, 2024. The Notes will mature on January 15, 2028. The notes will be senior secured obligations of the Company, and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company. The obligations of the Company and the guarantors will be secured, together with the Company's other senior secured indebtedness, by substantially all of the assets of the Company and the guarantors. The issue price of the notes will be determined at the pricing of the offering. The Company intends to use the proceeds from this offering to repay drawings under its revolving credit facility, and to pay certain transaction fees and expenses incurred in connection with the offering of the notes.
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STNE | Hot Stocks08:26 EDT StoneCo reorganizes management structure - StoneCo is reorganizing its management structure to better align the Company around specific go-to-market strategies per client segment and to accelerate the integration of its software and financial solutions. The Financial Services reporting segment will be led by three leaders who will each be responsible for managing StoneCo's business for a specific client category. Each will serve on the Company's Executive Committee, and report directly to the CEO. Victor Lino will lead the Micro Merchants Business;Mateus Biselli will lead the Small and Medium Merchant Business; Sandro Bassili will lead Key Accounts. Sandro Bassili will also lead the Software business. He will be responsible for managing the Software reporting segment, its go-to-market business and integration initiatives. Gilsinei Hansen, current COO of Software, will remain in the Company as a senior advisor, involved in the daily operations of the Software business and its integration initiatives. Some executives who report directly to the CEO and serve on the Company's Executive Committee will also assume new responsibilities, including: Fabio Kapitanovas will join StoneCo to lead our People, Shared Services and Operations teams. He is a senior executive with more than 23 years of experience at Kraft Heinz and AB-Inbev in various operating roles. He will focus on facilitating company-wide operational excellence and creating a more coordinated, streamlined and cost-effective approach to operations. Lia Matos, beyond her current responsibilities in Strategy, will also take responsibility for Marketing. She will coordinate our marketing strategies, institutional branding and end-to-end client experience more closely. Joao Bernartt, currently responsible for Product across our financial services platform, will also take responsibility for Business Development and Innovation. He will coordinate our growth and development initiatives more closely. Marcus Fontoura, Chief Technology Officer, will now report directly to the CEO, emphasizing StoneCo's dedication to scalability and accelerated product development. Carolina da Costa has joined StoneCo to lead our Impact and Sustainability initiatives. In education, she served as VP of all Undergraduate Programs at Insper and led the Entrepreneurship Center and the implementation of the new Engineering Program at the University. Carolina will leverage her expertise to work alongside our business leaders in initiatives associated with client education as well as fostering economic inclusion within the broader reach of our ecosystem. After contributing significantly during his 6-year tenure, Caio Fiuza has left the Company.
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TYGO | Hot Stocks08:25 EDT Tigo Energy Inc trading halted, news pending
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XWEL | Hot Stocks08:23 EDT Xwell CEO Scott Milford discusses strategic growth plans - XWELL announced that XWELL's CEO Scott Milford recently participated in an Investor Fireside Chat hosted by Water Tower Research. The company said, "As part of the investor presentation, Milford provided an update on the Company's out of airport strategy including how its recent acquisition of Naples Wax Center is accelerating its growth potential. He recapped how Naples Wax Center is a foundational, profitable out of airport business that's well-situated with multiple growth levers. These include a growing core skin-care business and a scalable operating platform. Milford reiterated plans to leverage geographic synergies and lower out of airport costs to expand Naples Wax Center's portfolio by 8 to 10 additional locations in the next 12 to 18 months. He also highlighted the opportunity to cost-effectively integrate additional Wellness services into the Naples Wax Center model. Supported by the XWELL Rewards Program, these new offerings could include aesthetic services, facial rejuvenation, and/or minimally invasive cosmetic treatments like Botox and dermal fillers. During the Investor meeting, Milford also introduced how XWELL plans to leverage the growth of the Gig economy by evolving their Treat brand. Additionally, he recapped the Company's solid capital position and, as management focuses on reinvesting in the growth of its business and maximizing the profitability of each of their business units, Milford reiterated ongoing initiatives to drive revenue and reduce its overall cost structure."
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OST | Hot Stocks08:22 EDT Ostin Technology secures purchase orders of treadmill screen products - Ostin Technology secured new purchase orders of nearly 5,000 "21.5-inch module" treadmill screen products from a leading fitness equipment manufacturer in China. The Company also unveiled the grand opening of its flagship Douyin store. This exciting launch unveils the M4 and GT8-PRO smartwatches, now available for purchase online.
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AMTX | Hot Stocks08:22 EDT Aemetis receives $53M from sale of IRA investment tax credits - Aemetis announced the receipt of $53 million of cash, after transaction costs and buyer discount, from the sale of $63 million of Inflation Reduction Act investment tax credits generated by its subsidiary, Aemetis Biogas LLC. The tax credits were sold to a corporate purchaser on September 29, 2023, and the payment was received by Aemetis on October 6, 2023. The IRA was signed into law in August 2022, and provides transferable federal income tax credits for investments in certain renewable fuel projects and products. The IRA Section 48 investment tax credits were generated from biogas projects constructed and brought in service by Aemetis prior to the date of the tax credit sale agreement. The Aemetis ethanol production facility supplies about two million pounds per day of animal feed to more than 80 dairies to feed more than 100,000 dairy cows in the local area. To capture methane at dairies and produce RNG, Aemetis has completed and is operating seven dairy biogas digesters, 33 miles of biogas pipeline, a central biogas to RNG production facility, and a PG&E utility gas pipeline interconnection unit. An additional five digesters are under construction and a total of 37 dairies are under contract. In addition to the $53 million received from this sale of IRA tax credits, Aemetis invested $30 million of equity and has been awarded $23 million of grants for the Aemetis Biogas Central Dairy Project. The total combined equity, grants and IRA tax credit sales related to the Aemetis Biogas project exceeds $100 million. In October 2022 and July 2023, Aemetis Biogas closed a total of $50 million of construction and long-term debt financing for dairy digester construction based upon USDA Renewable Energy for America Program loan guarantee commitments. An additional $150 million of 20-year, USDA-guaranteed, REAP loan financing is in process, with planned closings during 2023 and 2024.
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ENPH | Hot Stocks08:20 EDT Enphase Energy launches home energy systems in Sweden, Denmark - Enphase Energy has entered the solar markets in Sweden and Denmark through an expanded agreement with German-based climate tech startup 1KOMMA5 degrees to offer Enphase Energy Systems, powered by IQ8 Microinverters and IQ Batteries. Enphase and 1KOMMA5 degrees had previously entered into a strategic agreement to extend Enphase's footprint in Germany and other European markets in 2022.
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GOOG GOOGL | Hot Stocks08:20 EDT Google Cloud adds new features to Vertex AI search for healthcare companies - Google Cloud announced new capabilities in Vertex AI Search for healthcare and life sciences organizations that enable medically-tuned generative AI powered search on a broad spectrum of data including clinical sources, such as FHIR data and clinical notes. It will do this by integrating with Google Cloud's Healthcare API and Healthcare Data Engine, as well as with Google Health's search and intelligent summarization capabilities from its pilot product called Care Studio.
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LXRX BMY | Hot Stocks08:19 EDT Lexicon appoints Tom Garner as SVP, CCO - Lexicon Pharmaceuticals (LXRX) announced that Tom Garner is joining the company as senior vice president and chief commercial officer, effective October 9, 2023. In his most recent role, Mr. Garner was the senior vice president and head of the U.S. Cardiovascular and Established Brands business unit at Bristol Myers (BMY).
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ELOX | Hot Stocks08:18 EDT Eloxx Pharmaceuticals reports results of patient biopsy assessment by NIPOKA - Eloxx Pharmaceuticals reported results from an assessment of patient biopsies by NIPOKA GmbH. They have developed a highly accurate method for the quantification of podocyte foot process morphology. These results confirm previously reported positive biopsy results from the proof-of-concept Phase 2 open-label clinical trial of ELX-02 for the treatment of Nonsense Mutation Alport syndrome patients. Analysis of formalin-fixed paraffin-embedded biopsy samples by Nipoka show ELX-02 treatment improved podocyte foot process morphology with lower effacement in all three patients at the end of the 8-week study period. NIPOKA GmbH have developed a Podocyte Exact Morphology Procedure to quantify podocyte foot process morphology accurately and precisely in an unbiased and reproducible manner. PEMP utilizes immunostaining for foot-process specific protein markers followed by 3D-SIM imaging to quantify Filtration Slit Density for 15 to 20 glomeruli per sample. FSD is a quantitative measure of the degree of podocyte foot process effacement. Higher FSD correlates with better podocyte health and lower podocyte foot process effacement. Healthy patients have an FSD of approximately 3.0 to 4.0. This analysis has been validated in multiple glomerular diseases. PEMP analysis confirmed that ELX-02 treatment improved podocyte foot process effacement in all three patients with an average post-treatment increase in FSD of 60% as compared to baseline levels. These findings are also consistent with previous Transmission Electron Micrograph image assessments. Differences in Urine Protein-Creatinine ratio changes across patients during treatment were correlated to severity of disease at baseline. Therefore, improvement in UPCR was assessed both during and 2 months after treatment to evaluate clinical benefit and capture the full effect of the 45-day protein half-life. All patients had proteinuria stabilization or improvement. This is consistent with clinical benefit and with the improvement in kidney morphology. Renowned key opinion leaders have reviewed these data and overwhelmingly believe that they provide strong evidence of the potential of the disease modifying effect of ELX-02 and warrant advancement into a pivotal trial.
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NWLI | Hot Stocks08:16 EDT National Western Life to be acquired by S. USA Life Insurance for $1.9B - National Western Life announced the signing of a definitive Merger Agreement whereby S. USA Life Insurance Company, an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued at approximately $1.9B. As part of the agreement, each issued and outstanding share of National Western common stock will be converted into the right to receive $500 in cash at closing of the merger. The merger consideration of $500 per share of National Western's Class A Common Stock and Class B Common Stock represents an 87.1% premium to the unaffected Class A Common Stock share price of $267.29 on May 16, 2023, as well as an 11.8% premium over National Western's 30-day volume-weighted average price as of October 6, 2023. The merger has received the unanimous approval of National Western's Board of Directors. Ross Moody, Chairman of the Board and Chief Executive Officer of National Western, said, "This is an exciting moment in National Western's history. I would like to thank our board of directors, particularly our strategic opportunities committee of independent directors, which conducted a thorough review of a range of strategic alternatives and possible business opportunities to maximize value for our stockholders. The transaction provides clear and immediate value for our stockholders at an attractive premium." The merger is expected to close in the first half of 2024. It is subject to certain customary closing conditions for a transaction of this type, including approval by National Western's stockholders, antitrust clearance and receipt of insurance regulatory approvals.
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INSE | Hot Stocks08:15 EDT Inspired Entertainment to showcase content, solutions at G2E event - Inspired Entertainment showcases its robust portfolio of sporting licenses and differentiated cross-platform content at this year's Global Gaming Expo at the Venetian in Las Vegas, Nevada from October 10-13. The Company will be featuring its suite of entertaining content at Booth #4216. This year we are proud to unveil our first-ever NFL-themed Virtual Sports offering, V-Play NFL. With Inspired sublicensed through Aristocrat Gaming, V-Play NFL is an officially licensed product of the National Football League, giving football enthusiasts an exciting and unique way to interact with their favorite NFL teams. In addition to our Virtual Sports offerings, Inspired is proud to unveil a revolutionary new product category at G2E, Hybrid Dealer. This unique product offers players branded table and gameshow content for online play, eliminating the challenges of live-dealer products. Hybrid Dealer game outcomes require no physical studios; instead, they are RNG-generated. It seamlessly blends physical and digital elements in a way that offers operators unlimited branding and customizable possibilities that are unique from game to game. The scheduled action continues 24/7, with hosts rotating regularly to keep players engaged. Hybrid Dealer's technology allows us to develop and customize games quickly and cost-effectively for individual clients. It is a game-changing solution for operators seeking unprecedented flexibility. Inspired is also excited to offer a new product feature that will bring winning benefits to players, operators and venues in the Illinois VGT market: a promotional leaderboard, tied to the much-anticipated launch of our Space Invaders game. Inspired's leaderboard is designed to enhance players' gaming experience by making it more interactive. Route venues can use leaderboards to introduce competitive and promotional elements to gameplay, adding a new dimension that evokes the familiarity and nostalgia of traditional leaderboard tables.
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BKNG | Hot Stocks08:14 EDT Popmenu partners with OpenTable to streamline menu management - Popmenu and OpenTable, part of Booking Holdings, announce a new partnership that "makes it easier than ever for restaurants to tackle one of their most time-consuming headaches: uploading, editing, and managing digital menus," the companies said. Live in the US and Canada today, the partnership will roll out in the UK in early 2024. Shared customers can edit menus via Popmenu or an integrated point of sale system and they will automatically update on OpenTable. The partnership saves operators time and resources, which are valuable commodities for restaurateurs.
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NGMS RSI | Hot Stocks08:13 EDT NeoGames' PariPlay enters Pennsylvania with Rush Street Interactive - NeoGames (NGMS) announced that its subsidiary Pariplay has entered Pennsylvania for the first time with Rush Street Interactive (RSI). It marks the fifth US state entered by Pariplay, which has continued to excel in North America with its deep array of content, including games tailored to player demographics and leading content from its proprietary studio, Wizard Games. Content from Pariplay's aggregation platform went live on RSI brands BetRivers and PlaySugarHouse in Pennsylvania on September 29, 2023, as the supplier further expands its reach across regulated states in the United States.
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BHR | Hot Stocks08:12 EDT Braemar Hotels & Resorts announces date, time change for Q3 results - Braemar Hotels & Resorts announced that the Company has changed the scheduled date and start time of its third quarter 2023 earnings conference call. The call was previously scheduled for Thursday, November 2, 2023, at 12:00 p.m. ET. Braemar plans to issue its earnings release for the third quarter after the market closes on Thursday, November 9, 2023, and will host a conference call on Friday, November 10, 2023, at 11:00 a.m. ET.
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ANAB | Hot Stocks08:12 EDT AnaptysBio announces top-line Phase 3 trial results of imsidolimab - AnaptysBio announced top-line results from its global Phase 3 GEMINI-1 trial evaluating the safety and efficacy of imsidolimab in patients with generalized pustular psoriasis flares. Investigational imsidolimab met its primary endpoint in the study population achieving rapid clearance of pustulation, erythema and scaling through Week 4 after a single dose of 750mg IV imsidolimab. Top-line data also demonstrate a favorable safety and tolerability profile. Imsidolimab is an IgG4 antibody that inhibits the function of the interleukin-36 receptor, a signaling pathway within the immune system shown to be involved in the pathogenesis of inflammatory diseases, including GPP. The registration-enabling GEMINI-1 trial in GPP, which recruited 45 patients, is the first randomized, double-blind, placebo-controlled trial to use the composite endpoint of Generalized Pustular Psoriasis Physician Global Assessment at Week 4 as its primary assessment. The GPPPGA assessment, representing a stringent and comprehensive characterization of disease severity, required satisfying an overall clinical response score of 0/1 collectively across each GPP disease attribute, including pustulation, erythema and scaling. 53.3% of patients who received a single dose of 750mg IV imsidolimab achieved GPPPGA 0/1 at Week 4 compared to 13.3% of patients on placebo. Additionally, 66.7% of placebo patients exited GEMINI-1 early, crossed-over to GEMINI-2 and were eligible to receive rescue therapy with a single dose of 750mg IV imsidolimab. All AEs reported in imsidolimab-treated patients were mild or moderate and balanced across imsidolimab-treated vs. placebo patients; No SAEs or severe AEs reported in imsidolimab-treated patients; No cases reported of Drug Reaction with Eosinophilia and Systemic Symptoms or Guillain-Barre syndrome; Low incidence and no elevation of infections vs. placebo; No infusion reactions reported; One of 30 imsidolimab-treated patients had detectable anti-drug antibodies, which were non-neutralizing. Anaptys plans to present comprehensive data from GEMINI-1 and top-line GEMINI-2 results at a medical meeting in H2 2024. Furthermore, the company anticipates filing a biologics license application (BLA) with the U.S. Food and Drug Administration by Q3 2024.
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ITOCY | Hot Stocks08:11 EDT Itochu, Capital Square announce partnership to acquire build-for-rent community - Capital Square announced the formation of a joint venture partnership with ITOCHU Corporation to acquire Creekside Terrace, a 100-unit build-for-rent single-family community currently being developed by Pulte Homes, the third largest home builder in the country. "We are pleased to partner with Capital Square on Creekside Terrace and look forward to working with Capital Square on future acquisitions," said Hideyuki Matsukawa, senior vice president and general manager of general product and realty division at ITOCHU International Inc.
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AHT | Hot Stocks08:10 EDT Ashford Hospitality announces date, time change for Q3 earnings release - Ashford Hospitality Trust announced that the Company has changed the scheduled date and start time of its third quarter 2023 earnings conference call. The call was previously scheduled for Wednesday, November 1, 2023, at 12:00 p.m. ET. Ashford Trust plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 8, 2023, and will host a conference call on Thursday, November 9, 2023, at 11:00 a.m. ET.
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NWLI | Hot Stocks08:10 EDT National Western Life trading halted, news pending
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SPXSY | Hot Stocks08:09 EDT Spirax-Sarco introduces Turflow heat exchanger - Spirax Sarco has expanded its product line to include the new Turflow heat exchanger. The Spirax Sarco Turflow heat exchanger is a high-efficiency heat transfer product solution that manages the heating and cooling of fluids including process water. The unique design consists of straight corrugated tubes within a shell and encourages turbulent flow, resulting in high-efficiency heat transfer for customers in all industries including food, beverage, and sanitary process industries.
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AQST | Hot Stocks08:08 EDT Aquestive Therapeutics reaffirms Q4 Anaphylm Phase 3 study start - Aquestive Therapeutics provided a business update on its lead pipeline programs and base business results. The Company recently received comments from the U.S. Food and Drug Administration on its pivotal Phase 3 pharmacokinetic clinical study protocol for Anaphylm Sublingual Film. Anaphylm is a polymer matrix-based epinephrine prodrug administered as a sublingual film that is applied under the tongue for the rapid delivery of epinephrine. Anaphylm comes in a highly portable package with the durability to withstand many of the norms of daily life. In its comments, the FDA indicated that the Company's proposed endpoints, sample size, and statistical analysis are reasonable. As anticipated, the FDA also reminded the Company that PK sustainability post-dosing is an important factor and recommended using repeat-dose data to support PK sustainability. The Company has incorporated the FDA's feedback into its upcoming studies and remains on track to start the pivotal Phase 3 study in the fourth quarter 2023. As previously announced, the Company's NDA for approval of Libervant for the acute treatment of intermittent, stereotypic episodes of frequent seizure activity in patients between two and five years of age was recently accepted for review by the FDA. Diastat Rectal Gel is the only approved treatment currently available to this patient population for this indication. Based on the latest information available to the Company, the review for this NDA remains on track and there are currently no outstanding information requests from the FDA. The NDA for Libervant has a PDUFA assignment date of April 28, 2024. In addition, the Company's base business continues to generate strong results. Based on preliminary third quarter 2023 results and binding supply purchase orders, the Company anticipates increasing current full-year 2023 guidance for revenue and decreasing full-year guidance for non-GAAP-adjusted EBITDA loss. Updated guidance will be provided during the Company's third quarter earnings call in early November.
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COYA | Hot Stocks08:05 EDT Coya completes enrollment in phase 2 well-controlled study of mild-moderate AD - Coya Therapeutics announced completion of enrollment in a randomized, double-blind, placebo-controlled phase 2 study of LD IL-2 in patients with mild-to-moderate AD....This phase 2 well-controlled study will evaluate the safety and tolerability, biological activity, blood and cerebrospinal fluid biomarkers, neuroimaging, and changes in cognitive function of LD IL-2 compared to placebo at pre-specified timepoints over the course of the 21-week treatment period and at 9 weeks after the last dose of study treatment. Topline results of the study are anticipated to be reported in Summer 2024. The study is funded by the Gates Foundation and the Alzheimer's Association...Coya previously reported that the treatment with LD IL-2 significantly expanded Treg population and function in an open-label proof-of concept study in 8 patients with AD. At baseline, the mean percentage of Tregs was 4.55 and Overall, administration of LD IL-2 appeared to be well tolerated in the 8 patients in the open-label, proof-of concept study. The most common adverse events were mild injection-site reactions and mild leukopenia. No serious adverse events were reported, and no patient discontinued the study.
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DRS | Hot Stocks08:03 EDT Leonardo DRS demonstrates OBVP system in Army evaluation - Leonardo DRS announced that it has demonstrated its On Board Vehicle Power, or OBVP, technology to provide vehicle-based electrical power in support of vehicle-based weapon systems. The OBVP demonstration was part of a recent U.S. Army Operational User Assessment focused on vehicle to vehicle, and vehicle to grid power generation and power management. DRS installed its OBVP systems on the THAAD Launch Control Station FMTV, Tactical Operation Station FMTV, and the THAAD Launcher HEMTT for this assessment. The DRS OBVP system is a vehicle-based generator using a permanent magnet machine integrated within an Allison transmission that provides electrical power to support operations in remote areas. To meet the Army's power needs, OBVP systems are integrated within the vehicle transmission to generate up to 55kW of usable electrical power while on the move, or up to 125kW of usable electrical power while stationary. The DRS OBVP system has proven it can increase battlefield agility, reduce deployment logistics costs, and improve mission readiness with no impact on vehicle functionality.
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JSPR | Hot Stocks08:02 EDT Jasper receives IND clearance for Phase 1b/2a study of subcutaneous briquilimab - Jasper Therapeutics announced that its investigational new drug application for a Phase 1b/2a repeat dose clinical study of subcutaneous briquilimab in the treatment of CSU has been cleared by the U.S. Food and Drug Administration. The Phase 1b/2a study in CSU is a dose escalation study evaluating repeat doses of subcutaneous briquilimab in adult CSU patients who remain symptomatic after treatment with, or who cannot tolerate omalizumab. The study is expected to enroll approximately 40 patients across 6 cohorts and the primary endpoints will be safety and tolerability of briquilimab with secondary endpoints focused on efficacy measures and pharmacokinetics. The study will be conducted at sites in the US and EU and Jasper is expecting to enroll the first patient by the end of 2023 and to be able to report data from early cohorts by mid-2024.
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RPHM | Hot Stocks07:51 EDT Reneo Pharmaceuticals announces last patient last visit in STRIDE study - Reneo Pharmaceuticals announced last patient last visit in the pivotal STRIDE study of mavodelpar in PMM. Topline data results from the STRIDE study are expected in December 2023.
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DCGO | Hot Stocks07:39 EDT DocGo gets 5-year deal with UK's South Central Ambulance Service, no terms - DocGo that its UK-based subsidiary, Ambulnz Community Partners, has been awarded a 5-year contract to provide emergency and urgent ambulance services for South Central Ambulance Service NHS Foundation Trust. "This is the first time SCAS has awarded a 5-year contract to a private provider and we are thrilled to have been selected as one of their three regional providers. We are immensely grateful to all our staff and leadership for their unwavering commitment over the past 5 years; without them this would not have been possible." The services under the contract will include 16 ambulances per day providing paramedic-led frontline urgent and emergency response. Mobilization is set to begin in October of this year. The contract is part of the Ambulnz Community Partners expansion into offering services for higher acuity care and reflects its continued growth across the UK.
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GCT | Hot Stocks07:38 EDT GigaCloud refutes 'misleading claims' in short seller report - GigaCloud Technology issued the following statement in response to certain claims made in a short seller report issued on September 28, 2023. The company said, "The short seller report questions the feasibility of running the Company's U.S. warehouses and operations with 73 employees, but ignores that the Company utilizes third-party staffing agencies and contractors to support its warehouse operations. The Company has disclosed its use of third-party contractors in the filings made with the Securities and Exchange Commission...The short seller report includes a number of claims regarding the Company's delivery service, but it lacks basic understanding of the Company's business and industry in which it operates. Among other things, the short seller report describes a single instance of a phone call in which a GigaCloud customer service representative allegedly said that the Company uses only GigaCloud trucks for delivery. The Company employs its own trucks predominantly for white glove services in nine metropolitan areas in the U.S. and maintains a dedicated customer service team for such white glove services. GigaCloud customer service representative might have described this white glove service to customers in the context of such delivery, and it should not be misconstrued to suggest that all delivery services are provided in this manner. For other deliveries, including certain last mile deliveries, the Company utilizes a network of third-party delivery providers as disclosed in the filings made with the Securities and Exchange Commission...The short seller report questions the Company's cash balances. KPMG, an independent audit firm registered with the PCAOB, has issued an unqualified opinion on the Company's consolidated financial statements in the Company's annual report on Form 20-F for the year ended December 31, 2022, including the consolidated balance sheets as of December 31, 2021 and 2022 and cash balances presented for the same periods. As of June 30, 2023, the Company's cash balance was $181.5 million...The Company disclosed its related party transaction in accordance with the Form 20-F rules under the Securities Exchange Act of 1934 and applicable accounting standards in the filings made with the Securities and Exchange Commission. The Company reiterates that the conclusions in the short seller report are unsupported and inaccurate. The misleading nature of the statements made in the short seller report demonstrates a fundamental lack of understanding of the Company's business and industry in which it operates. The Company stands by its previous statement that the short seller report lacks merit and contains numerous defamatory and speculative statements. As part of its continued and unwavering commitment to protecting shareholders' interests, maintaining high standards of corporate governance, and providing transparency, the Company's board of directors have authorized the Company to engage a reputable independent third-party to conduct an independent review concerning certain allegations made in the short seller report. The Company will issue further responses once the independent review by the third-party reviewer is completed."
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MDWD | Hot Stocks07:36 EDT MediWound deploys NexoBrid for emergency supply - MediWound addresses emergency demand for NexoBrid to treat the mass of burn casualties, inflicted by the war in Israel. Hospitals and military forces have urgently requested NexoBrid supplies. To address this critical need, MediWound has deployed all its available NexoBrid inventory to aid the substantial number of burn victims.
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ACEL | Hot Stocks07:36 EDT Accel Entertainment appoints Mark Phelan as president of U.S. gaming - Accel Entertainment announced that Mark Phelan, chief revenue officer, has been appointed to the newly created position of president, U.S. gaming, effective October 6. In this capacity, Phelan will be responsible for setting and guiding Accel's growth strategy, including leading the execution of expansion and diversification initiatives. Phelan will continue to oversee Accel's business development as well as the company's M&A strategy. He will remain an active member of the executive team and continue to report directly to Accel's president and CEO Andy Rubenstein.
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ALNY | Hot Stocks07:34 EDT Alnylam announces FDA issues CRL for patisiran sNDA - Alnylam announced that the FDA has issued a complete response letter, or CRL, in response to the company's supplemental new drug application, or sNDA, for patisiran for the treatment of the cardiomyopathy of transthyretin-mediated, or ATTR, amyloidosis. Patisiran is the established name for Onpattro, which is approved by the FDA for the treatment of the polyneuropathy of hereditary ATTR amyloidosis in adults. The CRL does not pertain to, nor does it impact commercial availability of, Onpattro for this existing indication. The CRL indicated that the clinical meaningfulness of patisiran's treatment effects for the cardiomyopathy of ATTR amyloidosis had not been established, and therefore, the sNDA for patisiran could not be approved in its present form. The CRL did not identify any issues with respect to clinical safety, study conduct, drug quality or manufacturing. As a result of the CRL, the company will no longer pursue an expanded indication for patisiran in the U.S. The company remains dedicated to the ATTR amyloidosis community and will continue to focus on the HELIOS-B Phase 3 study of vutrisiran, an investigational RNAi therapeutic subcutaneously administered once every three months in development for the treatment of the cardiomyopathy of ATTR amyloidosis, and ALN-TTRsc04, which utilizes the company's Ikaria technology, with the potential for greater than 90% TTR knockdown with once annual dosing.
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BBIO | Hot Stocks07:33 EDT BridgeBio shares long-term data from Phase 2 trial in LGMD2I/R9 - BridgeBio Pharma shared new long-term data from its Phase 2 trial in patients with limb-girdle muscular dystrophy type 2I/R9 at the Annual Congress of World Muscle Societyin Charleston, South Carolina. The new long-term data remains consistent with earlier data from the Phase 2 study showing a well-tolerated safety profile and encouraging preliminary efficacy. Additionally, early changes in glycosylated DG levels at 3 months appear to be associated with ambulatory improvements at 9 months, providing support for the possible use of glycosylated DG levels as a surrogate endpoint in the ongoing Phase 3 study for accelerated approval. BridgeBio presented 21-month results from its ongoing Phase 2 trial, including: Large sustained reduction in creatine kinase observed over an extended treatment period; Stabilization in NSAD scores and ambulatory measures observed over 21-months of BBP-418 treatment; BBP-418 continues to be well-tolerated with longer-term treatment; No treatment-related SAEs or dose limiting toxicities observed with 21-months of BBP-418 dosing. "There is a serious unmet need for those with LGMD2I/R9. The consistent improvement observed in biomarkers as well as stabilization in ambulatory measures are encouraging and help predict the clinical benefit for patients. The data for BBP-418 give me hope that similar results will be carried through in the currently enrolling Phase 3 trial, FORTIFY, for patients with LGMD2I/R9," said Amy Harper, M.D., professor in the department of neurology at Virginia Commonwealth University and primary investigator of the Phase 2 clinical trial in LGMD2I/R9. BridgeBio recently announced the first patient dosed in FORTIFY, its Phase 3 registrational study in patients with LGMD2I/R9 and is continuing to enroll throughout the U.S. with clinical trial sites planned for Europe and Australia. The Phase 3 FORTIFY registrational study is a randomized, double-blind, placebo-controlled study evaluating the safety and efficacy of BBP-418. FORTIFY has a planned interim analysis at 12 months focused on assessing glycosylated alphaDG as a surrogate endpoint to potentially support an accelerated approval. The NSAD and secondary endpoints will be evaluated at 36 months, and results are expected to provide confirmatory clinical data.
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JNJ | Hot Stocks07:32 EDT Janssen announces 30 company sponsored presentations at EADV Congress - Janssen Pharmaceuticals, a Johnson & Johnson company, announced that 30 company-sponsored presentations will be featured at the European Academy of Dermatology and Venereology, EADV, Congress taking place in Berlin, Germany from October 11-14, 2023. Janssen will present new data on the underlying science of the treatment of psoriasis, including results from the Phase 3b GUIDE trial highlighting early intervention with TREMFYA and systemic pharmacodynamica response data for JNJ-2113 from the Phase 2 FRONTIER 1 trial. In the GUIDE trial, the results experienced by super respondersb with short disease duration of PsO who were treated with TREMFYA extended beyond high levels of Psoriasis Area and Severity Index responses. These results support the potential for tailored therapeutic strategies, which could address individual patient needs, reinforcing the data on early intervention with TREMFYA. In addition, new FRONTIER 1 data show for the first time that the targeted oral peptide JNJ-2113 induces a strong systemic pharmacodynamic response versus placebo in people living with moderate to severe plaque PsO.2 Investigational JNJ-2113 is the first and only targeted oral peptide designed to block the IL-23 receptor, which underpins the inflammatory response in PsO and other IL-23-mediated diseases.
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AXON | Hot Stocks07:31 EDT Axon announces FTC has dismissed the antitrust complaint against the company - The Federal Trade Commission, FTC, has dismissed its administrative enforcement action against Axon Enterprise. This action follows Axon's unanimous U.S. Supreme Court victory in April confirming federal court jurisdiction over its constitutional challenges to the FTC's structure-claims the high Court recognized as "existential." "As I said from the beginning, no one should ever face the prospect of a government that can demand to seize your most precious assets without the ability to defend yourself in a fair and impartial court of law," said Axon Founder and CEO Rick Smith. "We made it clear that we were prepared to take the merits of our constitutional claims right back to the Supreme Court, and I'm exceedingly proud of our legal team and the inroads we forged that will now allow others to press these critically important due process and separation of powers issues to ultimate resolution. We at Axon remain laser focused on our mission to protect life."
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IE | Hot Stocks07:11 EDT Ivanhoe Electric reports first drill results from program at Hog Heaven project - Ivanhoe Electric provides an update on the status of ongoing exploration efforts, including the initial results of Ivanhoe Electric's exploration drilling, at the Hog Heaven exploration Project located on private land approximately 50 miles southwest of Kalispell, Montana. CEO Robert Friedland commented: "We have a wonderful opportunity at the Hog Heaven Project, located on private land in the silver-rich state of Montana, to pick up where legendary miners like Anaconda left off. This region is well known for its long and rich history of silver production, and we believe there is more to the story. Our recent drilling efforts have returned promising initial results, and our geologists see potential for mineralization to continue to great depths." The Hog Heaven district consists of several high sulfidation epithermal mineral deposits and prospects as well as several now-closed mines, including the Flathead Mine. The Flathead Mine was mined by Anaconda Mining Inc. from 1929 to 1946, producing approximately 241,000 short tons of direct-ship ore averaging 26.6 troy oz/ton silver. Another operator mined the Flathead Mine from 1963 to 1975 producing 49,700 short tons averaging 9.35 troy oz/ton silver. Other previously mined high sulfidation epithermal mineral deposits within the bounds of the Hog Heaven Project include the Ole Hill and West Flathead Mines located 1 mile west of the Flathead Mine; the Margarite Mine, south of Flathead Mine; and the Martin Mine just northwest of Margarite Mine. Ivanhoe Electric's exploration team believes that the Flathead Mine is part of a much larger mineralized system that has remained unrecognized by past miners and explorers.
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PTGX JNJ | Hot Stocks07:10 EDT Protagonist Therapeutics announces advancement of JNJ-2113 across indications - Protagonist Therapeutics (PTGX) announced that the company will be eligible to receive $60M in milestone payments in the fourth quarter for the advancement of JNJ-2113 into multiple clinical development programs led by Janssen Biotech (JNJ), the Company's partner in the development of JNJ-2113. The ICONIC clinical development program in adult patients with moderate to severe psoriasis is advancing to Phase 3 with two studies starting in November, and the ANTHEM-UC Phase 2b study in adults with moderately to severely active ulcerative colitis will begin this month. The three JNJ-2113 studies that are commencing this quarter include: ICONIC-LEAD - A randomized controlled Phase 3 trial to evaluate the safety and efficacy of JNJ-2113 compared with placebo in participants with moderate to severe plaque psoriasis, with PASI-90 and IGA score of 0 or 1 as co-primary endpoints; ICONIC-TOTAL - A randomized controlled Phase 3 trial to evaluate the efficacy and safety of JNJ-2113 compared with placebo for the treatment of plaque psoriasis in participants with at least moderate severity affecting special areas with overall IGA score of 0 or 1 as the primary end point; and ANTHEM-UC - A Phase 2b randomized controlled trial to evaluate the safety and effectiveness of JNJ-77242113 compared with placebo in participants with moderately to severely active ulcerative colitis. Additional Phase 3 studies will be initiated in the first quarter of 2024 as part of the broader psoriasis ICONIC clinical program. All the studies in the ICONIC program will use the once daily, immediate release formulation from the previously completed FRONTIER 1 study. Protagonist will earn a $50 million milestone payment upon dosing of the third patient in the ICONIC Phase 3 program-whichever study meets that milestone first-and a $10 million milestone payment upon dosing of the third patient in the ANTHEM-UC Phase 2b study, and remains eligible for up to an additional $795 million in other development and sales milestone payments with respect to JNJ-2113. The Company will also earn upward tiering royalties of 6%-10%, with the 10% tier applicable for net sales of greater than $4 billion.
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MRCY RTX | Hot Stocks07:08 EDT Mercury Systems to incorporate Raytheon tools into processing platform - Mercury Systems (MRCY) is working with Raytheon (RTX) to increase survivability and resiliency of its mission-critical solutions by incorporating Raytheon's advanced cyber resiliency and intrusion detection tools into Mercury's processing platform. As threats against critical systems continue to grow in scope and sophistication, Mercury and Raytheon recognize the need for significantly stronger security controls to protect mission-critical systems, and both are dedicated to delivering comprehensive and resilient protection solutions to maintain mission effectiveness in cyber-contested environments. Through this relationship, Mercury gains the ability to integrate Raytheon's Electronic Armor and CADS products into its portfolio of mission systems, including secure mission processors, communication management units, rugged servers, communication management units, and data recorders. Raytheon's cybersecurity tools complement Mercury's BuiltSECURE technology that protects critical data with industry-leading physical security, cryptography, and secure boot features.
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NWTN | Hot Stocks07:07 EDT NWTN Inc. announces first NEV Rabdan One marked as 'Made in the Emirates' - NWTN announces that its first new energy vehicle, NEV, Rabdan One, is officially marked as "Made in the Emirates." In August 2023, NWTN attained its own World Manufacturer Identifier, WMI. The WMI is a prerequisite for all original equipment manufacturers for vehicles. In addition to obtaining its WMI, NWTN has also passed the inspection of the Ministry of Industry and Advanced Technology in aid of its "Made in the Emirates" certification process. The "Made in the Emirates" mark was launched by the MoIAT as a new quality mark for UAE-made products. The mark aims to increase consumer confidence in local products. It indicates that products comply with national quality and safety standards, which boosts their competitiveness in international markets.
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CANF | Hot Stocks07:06 EDT Can-Fite shares "Lowe Syndrome Novel Treatment" with Japan orphan drug company - Can-Fite BioPharma announced that the Company's Director of Business Development Dr. Sari Fishman will conduct virtually one-on-one meetings with Japanese companies specializing in the development of Orphan Drugs, at the BioJapan Conference held from October 11-13, 2023, in Yokohama, Japan. Can-Fite signed recently an agreement with Fondazione Telethon for the co-development of Piclidenoson for the treatment of Lowe syndrome based on breakthrough findings of Dr. Antonella De Matteis that the Can-Fite drug Piclidenoson is efficacious in pre-clincial studies in treating Lowe Syndrome. FDA & EMA approvals for rare genetic diseases are faster and require clinical studies with smaller number of patients. Additional meetings with Japanese companies who are interested in the Oncology and Dermatology Can-Fite's indications will take place as well. "The Lowe Syndrome is Can-Fite's first rare genetic disease indication and I am happy that it raises high interest of Japanese companies who are experts in the orphan drug arena. The conference provides us with the opportunity to present our other developments to lead Japanese pharmaceutical companies," stated Dr. Sari Fishman, Director of Business Development at Can-Fite.
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YJ | Hot Stocks07:06 EDT Yunji announces receipt of Nasdaq notice - Yunji announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market dated October 5, 2023, indicating that because the closing bid price of the Company's American Depositary Shares for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until April 2, 2024. The Company intends to monitor the closing bid price of its ADSs between now and April 2, 2024 and is considering its options in order to regain compliance with the Nasdaq minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its ADSs is US$1.00 per share or higher for at least ten consecutive business days during the grace period. The Company intends to cure the deficiency within the prescribed grace period.
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TNXP | Hot Stocks07:06 EDT Tonix Pharmaceuticals provides overview of TNX-2900 program for PWS - Tonix Pharmaceuticals announced that Herbert Harris, M.D., Ph.D., Executive Vice President, Translational Medicine of Tonix Pharmaceuticals, provided an overview of Tonix's TNX-2900 program at the Foundation for Prader-Willi Research Family Conference in Denver, CO.The presentation highlights preclinical data showing the enhancing effects of magnesium on the activation of oxytocin receptors. The Mg2+ enhanced formulation of intranasal oxytocin is the basis for TNX-2900, in development to treat hyperphagia, or pathological over-eating, in children and adolescents with Prader-Willi syndrome. In preclinical studies, Mg2+ increases the potency of oxytocin, which is an anorexigenic hormone that reduces appetite and signals fullness, potentially improving receptor binding and resulting in improved therapeutic action. TNX-2900 has been granted Orphan Drug designation from the U.S. Food and Drug Administration for the treatment of PWS. Tonix plans to submit an investigational new drug application to the FDA in the fourth quarter of 2023. There is no treatment currently approved for hyperphagia in PWS. Tonix licensed the technology to treat PWS from Inserm Transfert, the private subsidiary of Inserm.
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BUR | Hot Stocks07:05 EDT Burford Capital announces issuance of new shares in connection with LTIP - Burford Capital Limited announces that, in connection with the Burford Capital 2016 Long Term Incentive Plan, LTIP, it has on October 6, 2023 issued 263,511 new ordinary shares, no par value per share, to satisfy the vesting of restricted stock units pursuant to the realization of awards under the LTIP on October 5, 2023. This issuance of Ordinary Shares was largely offset by the share repurchases announced on September 19, 2023 and completed on September 26, 2023.
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OKYO | Hot Stocks07:04 EDT OKYO Pharma files IND application for OK-101 in NCP - OKYO Pharma filed an Investigational New Drug application with the U.S. Food and Drug Administration for the development of OK-101 to treat Neuropathic Corneal Pain Study enrollment is planned to commence during Q1 2024 following IND allowance by the FDA. NCP remains a major unmet medical need for the ocular community, as there is no FDA-approved drug to treat NCP and this trial provides the opportunity to establish OK-101's potential to treat this condition. The open-label trial will provide an opportunity to evaluate the safety and efficacy of OK-101 for NCP in a real-world clinical setting, fostering a better understanding of its potential benefits for patients. The NCP trial will be led by Pedram Hamrah, MD, Professor and Vice Chair of Research and Academic Programs, Co-Director of the Cornea Service and Director of the Center for Translational Ocular Immunology at Tufts Medical Center. An ophthalmologist and a clinician-scientist, Dr. Hamrah is a leading expert in NCP and co-inventor on the OK-101 patent. He is a member of OKYO's Scientific Advisory Board and plans to serve as Principal Investigator of the study, which will be conducted at Tufts Medical Center.
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HON | Hot Stocks07:03 EDT Honeywell receives order for 41 T55-GA-714A engines from U.S. Army - Honeywell announced it has received an order for 41 T55-GA-714A engines to support South Korea's procurement of new CH-47F aircraft as part of an effort to replace its older CH-47D aircraft. The order and supply of the T55 engines is managed through the office of U.S. Army Foreign Military Sales. "We have a longstanding relationship with South Korea, and we appreciate the opportunity to continue supporting them on their new CH-47F Block I Helicopters with our latest T55-GA-714A engine configuration," said Dave Marinick, president, Engines and Power Systems, Honeywell Aerospace. "The latest contract to supply 41 T55 engines is a testament to South Korea's confidence in our battle-proven engines. To date, our T55 engines have logged some 12 million hours of operation on the Boeing CH-47 and MH-47 Chinook helicopters."
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VTS | Hot Stocks07:03 EDT Vitesse provides hedging update - During the third quarter, Vitesse added to its oil hedges for both 2023 and 2024. For the fourth quarter of 2023, the Company added an additional 75,000 barrels of oil swaps at a weighted average price of $85.54 per barrel, increasing the weighted average price to $79.11 per barrel. For 2024, Vitesse added 695,000 barrels of oil swaps at a weighted average price of $81.83 per barrel, increasing the weighted average price to $78.95 per barrel. Based on the midpoint of its revised 2023 oil guidance and preliminary 2024 outlook, Vitesse has 51% of its estimated fourth quarter 2023 oil production hedged and 41% of its preliminary 2024 oil production hedged
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VTS | Hot Stocks07:02 EDT Vitesse sees 2023 production 11,500-11,700 boe/day - With these additional investments and updated timing of well connects, the Company has revised its 2023 guidance and is providing a preliminary outlook for 2024. Vitesse now expects oil and gas production in the fourth quarter of 2023 to average 12,300 to 13,000 Boe per day, up from approximately 11,000 Boe per day in the third quarter of 2023. This results in full year 2023 production ranging from 11,500 to 11,700 Boe per day. Total 2023 capital expenditures are now expected to be $110 to $130 million. The Company's early estimates for 2024 indicate a production range of 12,500 to 13,500 Boe per day and total capital spending, including NTD acquisitions, of $90 to $110 million.
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VTS | Hot Stocks07:01 EDT Vitesse acquires additional oil, gas interests in Williston Basin - Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota that will result in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023. These acquisitions increase the Company's 2023 capital expenditures guidance range and are expected to provide material increases to production and cash flows in the fourth quarter of 2023 and, more significantly, for the full year of 2024. These interests were acquired through Vitesse's Near-Term Development acquisition program and were underwritten above the Company's internal rate of return hurdle using a discount to current NYMEX strip prices. The Company subsequently capitalized on higher oil prices and hedged fourth quarter 2023 and 2024 oil production associated with these acquisitions, which enhanced the expected rates of return.
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AER | Hot Stocks07:01 EDT AerCap announced major business transactions in Q3 - AerCap has announced its major business transactions during the third quarter 2023: Repurchased approximately 20 million shares, at an average price of $58.25 per share, for a total of approximately $1.2 billion. Signed 134 lease agreements, including 24 widebody aircraft, 62 narrowbody aircraft, 25 engines and 23 helicopters. Completed 33 purchases for 19 new aircraft, 9 engines and 5 helicopters. Executed 52 sale transactions for 12 aircraft, 37 engines and 3 helicopters. Signed financing transactions for approximately $3.9 billion.
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C | Hot Stocks07:00 EDT Citi settles first trades on HKEX Synapse platform - Citi Securities Services announced the successful settlement of trades for China Asset Management on Hong Kong Exchanges and Clearing Limited Synapse platform, which went live for trades settlement today. This was among the first trades executed and settled on the newly launched Synapse platform. Synapse is HKEX's new integrated settlement acceleration platform designed to complement the existing Northbound Stock Connect post-trade infrastructure. Launched in 2014, Stock Connect is a landmark mutual market access program connecting the equity markets of Mainland China and Hong Kong, paving the way for Hong Kong and international investors to access the China A Share market. Citi has worked closely with HKEX, since being invited to participate in the Synapse pilot project in 2019, to develop and bring online a fully automated API-powered Synapse connectivity solution. Citi is the first and only bank in Hong Kong to offer this capability and in the process has fully aligned its custody platform to offer the complete benefits of Synapse to its clients.
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PLX | Hot Stocks06:55 EDT Protalix issues statement regarding security situation in Israel - Protalix issued the following statement by Dror Bashan, Protalix's president and CEO, regarding the current security situation in Israel. "The Protalix family is horrified by the unconscionable events in Israel over the past weekend which are currently ongoing and the scope of which is yet to be determined. On a personal level, we are heartbroken and pray for the victims as well as their families, friends and other loved ones. At Protalix, we are dedicated to helping our own families, friends and colleagues cope with this devastating situation and to provide them with any support they need. At the same time, we wish to reaffirm our employees, partners and stockholders that Protalix's operations have not been adversely affected by this situation despite our personal grieving. Hostilities have not taken place where Protalix's facilities are located and we do not anticipate any disruption to the supply of Elfabrio(R) or Elelyso(R). We thank all of our partners and stockholders that have reached out to express their support and best wishes, and are grateful for their continued confidence in Protalix."
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PERF | Hot Stocks06:46 EDT Perfect Corp. launches Halloween-themed Generative AI-powered features - Perfect Corp. is launching new Halloween-themed Generative AI-powered features, including AI Avatar characters, AI Fashion costume styles, AI Selfie art pieces, and AI Art to help maximize Halloween creativity and fun. Alongside these new Generative AI features, a full collection of Halloween make-up looks, frames, stickers, and more has been designed to enchant and surprise users. These enhancements enable users to explore limitless possibilities in self-expression, makeup artistry, and fashion, making this Halloween season truly unforgettable. With YouCam Makeup, YouCam Perfect, YouCam Video, and the latest YouCam AI Pro, YouCam's latest Halloween offerings promise to bring a touch of magic to your digital experience this October.
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USDP | Hot Stocks06:33 EDT USD Partners announces waiver extension agreement under credit agreement - USD Partners has entered into an agreement with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced amendment to the Credit Agreement, dated as of August 8, 2023, from its original expiration date of October 10, 2023 to November 3, 2023. Pursuant to the Waiver Extension Agreement, the lenders and administrative agent have agreed to continue to forbear until the New Expiration Date from exercising any rights or remedies arising from certain defaults or events of defaults asserted by the administrative agent and to temporarily waive certain events of default arising from the non-payment of interest due on October 10, 2023 until the New Expiration Date.
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AULT | Hot Stocks06:33 EDT Ault Alliance announces Enertec Systems secures $20M contract - Ault Alliance announced the awarding of a $20M contract by its majority-owned subsidiary, Giga-tronics, also known as Gresham Worldwide. Gresham Worldwide won the contract to supply bespoke systems from a major strategic customer through its subsidiary, Enertec Systems 2001. This contract underscores a significant advancement with Enertec securing an initial $5M to procure necessary materials and an additional $1.5M for immediate system deliveries. These forthcoming orders, set to be executed between 2024 to 2026, are anticipated to bolster Enertec's backlog, revenue streams, and profitability. To ensure timely and quality deliveries, Enertec is ramping up its recruitment, seeking exceptional engineers and technicians.
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TRX | Hot Stocks06:30 EDT TRX Gold announces passing of chairman James Sinclair - TRX Gold Corporation is deeply saddened to announce the passing of its founder and Chairman James Sinclair on October 6, 2023. James founded TRX Gold and acted as Chairman and Director since 2000.
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PSN | Hot Stocks06:28 EDT Parsons awarded $53M Defense Threat Reduction Agency task order - Parsons Corporation was awarded a task order by the Defense Threat Reduction Agency under the Assessment, Exercise, Modeling and Simulation, and Support indefinite-delivery, indefinite-quantity multiple award task order contract. The $53M ceiling value task order for the International Counterproliferation Program and Proliferation Security Initiative is new work for the company and consists of a one-year base period and four one-year option periods. Under this task order, Parsons will provide training, equipment, and subsequent maintenance to DTRA. The company's solutions aim to improve partner nation capacity in preventing proliferation attempts by building capabilities to detect, interdict, and recover weapons of mass destruction and related items at land, air, and maritime ports of entry.
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DNUT WBD | Hot Stocks06:08 EDT Krispy Kreme unveils Scooby-Doo Halloween Dozen doughnuts - The company said, "Ruh-Roh! Krispy Kreme (DNUT) and Warner Bros. Discovery Global Consumer Products (WBD), are bringing mystery and monsters to life this Halloween in a first-ever unveiling of the all-new Scooby-Doo Halloween Dozen. Beginning today, fans can head to participating Krispy Kreme shops across the U.S. to grab a Scooby-Doo Halloween Dozen, which comes in a limited-edition custom Scooby-Doo dozens box and features new doughnuts perfect for any event, gathering or adventure this Halloween season."
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IDYA GSK | Hot Stocks06:06 EDT Ideaya Biosciences selects Werner Helicase Inhibitor Development DC with GSK - Ideaya Biosciences (IDYA) announced selection of a Werner Helicase Inhibitor Development Candidate, or DC, and Investor R&D Day. The Werner Helicase Inhibitor DC is a potent, selective, small molecule inhibitor of the helicase domain of Werner protein. Ideaya is collaborating with GSK on IND-enabling studies to support the clinical evaluation of the Werner Helicase Inhibitor DC for patients having tumors characterized by high microsatellite instability, or MSI-High. There is high prevalence of MSI-High across multiple solid tumor indications, including endometrial, colorectal, and gastric cancers, among others. Ideaya and GSK (GSK) are collaborating on the ongoing IND-enabling studies and GSK will lead clinical development for the Werner Helicase program. GSK is responsible for 80% of global research and development costs and Ideaya is responsible for 20% of such costs. GSK holds a global, exclusive license to develop and commercialize the Werner Helicase Inhibitor DC. Ideaya earned a $3M milestone from GSK in connection with IND-enabling studies and has the potential to earn up to an additional $17M aggregate milestone payments through early Phase 1. Ideaya will also be eligible to receive additional future aggregate total development milestones of up to $465M. Upon commercialization, Ideaya will be eligible to receive up to $475M of commercial milestones, 50% of U.S. net profits and tiered royalties on global non-U.S. net sales of the Werner Helicase Inhibitor DC - ranging from high single-digit to sub-teen double-digit percentages, subject to certain customary reductions.
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GSK | Hot Stocks06:06 EDT GSK, Zhifei announce exclusive strategic vaccine partnership in China - GSK announced that it has reached an exclusive agreement with Chongqing Zhifei Biological Products, Ltd. to co-promote GSK's shingles vaccine, Shingrix, in China for an initial three-year period, with the potential to extend the partnership should all parties agree. Set to start on January 1, 2024, Zhifei will have exclusive rights to import and distribute Shingrix in China - focusing on promoting the vaccine through its service network, which covers more than 30,000 vaccination points across the country. In partnership, GSK - as the license holder for the product - will co-promote Shingrix, the company said. Reference Link
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TPC | Hot Stocks06:04 EDT Fisk Electric awarded over $40M contract for wastewater treatment plant project - Tutor Perini announced that its subsidiary, Fisk Electric Company has been awarded a contract valued at more than $40M or the Miami-Dade County Water and Sewer Department's Ocean Outfall Legislation Program, Construction Package CT-3C-A, Electrical Distribution Building 2, Contract No. S-949A. The overall project was awarded to Poole & Kent as the General Contractor with Fisk Electric providing a complete electrical scope for the project. The project scope includes a new 45,000 square-foot electrical distribution building, eight 13.2kV Tier 4 diesel engine generators, associated piping control systems, service air, a fuel oil and emission fluid bulk storage area, and the electrical ductbank system connecting the building with new corresponding substations. The project is located at the Central District Wastewater Treatment Plant in Key Biscayne, Florida. Fisk Electric has previously performed four other electrical projects at this site collectively totaling more than $32 million in contract value. Work on this new project has already commenced with substantial completion anticipated in the first quarter of 2027. The contract value will be included in the Company's backlog beginning in the third quarter of 2023.
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BBY | Hot Stocks06:02 EDT Best Buy to sell continous glucose monitoring systems - Best Buy will soon offer a convenient way for eligible customers to get prescription continuous glucose monitoring systems delivered right to their home. Facilitated by Wheel and HealthDyne, Best Buy will sell the Dexcom G7 Continuous Glucose Monitoring System to eligible customers through BestBuy.com, where they will be brought to our new platform, Wellness.BestBuyHealth.com to complete the process. Leveraging the Salesforce platform, Best Buy is selling glucose monitors via a site powered by Commerce Cloud. With more CGM system options aimed to come soon after launch, this is the first time the company will offer prescription based medical devices to customers.
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FFIE | Hot Stocks05:21 EDT Faraday Future delivers FF 91 2.0 Futurist Alliance - Faraday Future delivered the Ultimate AI TechLuxury FF 91 2.0 Futurist Alliance to its founder and chief product and user ecosystem officer YT Jia during its "Delivery Co-Creation Day" event at the company's headquarters in Los Angeles.
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MASI | Hot Stocks05:19 EDT Masimo announces CE mark for Lidco BIC module - Masimo announced the CE mark, under the European Union Medical Device Regulation, for the Lidco board-in-cable, or BIC, module. The Lidco BIC module is designed to connect to multi-patient monitoring platforms, like the Masimo Root Patient Monitoring and Connectivity Hub, to provide advanced hemodynamic monitoring. With this solution, clinicians can easily add Lidco hemodynamic monitoring - with its PulseCO algorithm - to their Root patient monitoring hubs. Like the PulseCO algorithm, the Lidco module is pressure transducer agnostic, maximizing flexibility for clinicians and hospitals. For the first time, there is now a solution that can enable hemodynamic monitoring alongside other supported parameters without having a dedicated hemodynamic monitoring box. The Lidco module supports everything from powerful guided protocols, designed to help assess fluid responsiveness, to rich trending data and notifications for beat-by-beat pressure analysis that can be displayed in the most helpful configurations for each patient on the Root monitor. Combining Masimo rainbow Pulse CO-Oximetry and Lidco hemodynamic monitoring brings the potential for significant new insights into patient status.
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CME | Hot Stocks05:10 EDT CME Group achieves record volume in Aluminum futures contract in Q3 - CME Group announced that participation in its global Aluminum futures contract continues to accelerate, recently achieving record volume for the sixth consecutive quarter and the month of September. Average daily volume, or ADV, in the third quarter was a record 4,656 contracts, up 98% from last year, while ADV in September was a record 6,118 contracts, up 132% from last year. Average daily open interest, or ADOI, in Q3 also grew 267% from last year.
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