Stockwinners Market Radar for October 23, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
LOGI | Hot Stocks21:22 EDT Logitech says closer to finalizing CEO decision - The company states: "Over the last four months, the board of directors, led by Wendy Becker, has been conducting a global CEO search looking at internal and external candidates across industries and geographies. The board has met with a number of strong, diverse and experienced candidates, and is moving closer to finalizing a decision."
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JNJ QTRX | Hot Stocks20:49 EDT Quanterix announces new agreement to advance blood-based Alzheimer's detection - Quanterix (QTRX) "announced the signing of a license agreement with Janssen Sciences Ireland UC, a Johnson & Johnson (JNJ) Company. Under this agreement, Quanterix will receive worldwide, non-exclusive rights to J&J's extensively studied p-Tau 217 antibodies and assay designs for potential use in clinical research and diagnostic products, further strengthening Quanterix's position at the forefront of the Alzheimer's Disease biomarker field. Under the terms of the license agreement, Janssen will grant Quanterix a worldwide non-exclusive license for J&J-developed technology to produce Simoa p-Tau 217 research-use only assay kits for global distribution. Furthermore, under the agreement Quanterix will launch a Laboratory Developed Test based on the J&J p-Tau 217 antibodies and assay, offered through Accelerator under the Lucent Diagnostics brand. These advances mark a significant milestone for Quanterix's continued leadership in advancing Alzheimer's Disease diagnosis and treatment, providing a path for the first scalable immunoassay-based p-Tau 217 test to potentially become widely available to researchers and clinicians."
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HOOD | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 259.6K shares of Robinhood today
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VERV | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 277.8K shares of Verve Therapeutics today
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SNA | Hot Stocks18:46 EDT Snap-On CEO: The business has never been more prosperous - In an interview on CNBC's Mad Money, Nick Pinchuk said, "We're on the threshold of a golden era of auto repair." New, complex cars are driving the need for new tools, he noted. Military and aviation businesses are doing well, he added.
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NFNT | Hot Stocks18:31 EDT Infinite Acquisition to redeem all Class A ordinary shares - Infinite Acquisition announced that its board of directors has determined to redeem all of its issued and outstanding Class A ordinary shares, par value 0.001c, effective as of November 6, because the Company will not consummate an initial business combination within the time required by its Amended and Restated Memorandum and Articles of Association, as extended in connection with the Company's extraordinary general meeting of shareholders held on August 22. The redemption of the Shares is expected to be completed on or around November 6, or ten business days followingthe Company's extension deadline on October 23. The per-share redemption price for the Shares, will be approximately $10.78. The balance of the Trust Account as of October 23, 2023 and following the redemptions effectuated in connection with the Extension Meeting was approximately $86,375,237, including interest and dividend income. In accordance with the terms of the related trust agreement, the Company expects to retain $100,000 of the interest and dividend income from the Trust Account to pay dissolution expenses. The Company anticipates that the Shares will cease trading on the NYSE as of the close of business on October 23.
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HESM | Hot Stocks17:41 EDT Hess Midstream LP raises quarterly dividend by 2.7% to 61.75 per share - The quarterly distribution will be payable on November 14, 2023, to Class A shareholders of record as of the close of business on November 2, 2023.
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BIOR | Hot Stocks17:31 EDT Biora Therapeutics to submit updated IND application for BT-600 - Biora Therapeutics announced an update regarding its Investigational New Drug application. The IND application supports the next phase of development of BT-600, a drug/device combination designed to use Biora's NaviCap(TM) ingestible drug delivery device with a proprietary liquid formulation of tofacitinib, for the treatment of moderate to severe ulcerative colitis. "Near the end of the review period, the FDA requested additional information on our IND for BT-600 and will need additional time to complete review of our submission. We plan to address the agency's questions and submit our updated filing, potentially as early as this week," said Ariella Kelman, MD, Chief Medical Officer of Biora Therapeutics. "We continue to have a constructive exchange with the FDA, and while we cannot predict their response, we anticipate remaining on track with our previously communicated execution timeline," continued Dr. Kelman. The IND application for BT-600 includes extensive manufacturing, preclinical, human device function, and toxicology data to support a first-in-human clinical trial for BT-600. The phase 1 trial of BT-600 is expected to be a randomized, double-blind, placebo-controlled study to evaluate safety, pharmacokinetics and pharmacodynamics, including effects on colon tissue, in healthy volunteers receiving the NaviCap device filled with a novel liquid formulation of tofacitinib at 5 mg and 10 mg doses. The NaviCap device has been designed for targeted delivery directly to the colon in this application.
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LZ | Hot Stocks17:26 EDT Director of LegalZoom Patel sells $20M in company shares - Director of LegalZoom Dipan Patel disclosed in a regulatory filing the sale of 2,094,240 shares of company stock at $9.55 per share for a total transaction amount of $19,999,992.
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SEE | Hot Stocks16:59 EDT Sealed Air CEO Ted Doheny steps down - Sealed Air announced that its board of directors and Ted Doheny have mutually agreed to transition the company's leadership. Doheny has stepped down as president and CEO and as a member of the board, effective immediately. He will continue to serve SEE in an advisory capacity to assist in the transition. Effective immediately, Emile Chammas, COO, and Dustin Semach, CFO, are appointed interim co-presidents and co-CEOs, in addition to their current roles. The board is undertaking a comprehensive search, internally and externally, with the assistance of an executive search firm to identify SEE's next CEO.
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MSFT | Hot Stocks16:53 EDT Microsoft announces $5B commitment to building Australian digital infrastructure - In an earlier release from Monday, Microsoft said in part: "Microsoft announced major digital infrastructure, skilling and cybersecurity investments in Australia to help the nation seize the artificial intelligence AI era to strengthen its economic competitiveness, create high-value jobs and protect the nation from the increasing threat of cyberattacks. Microsoft will invest A$5B in expanding its hyperscale cloud computing and AI infrastructure in Australia over the next two years - the single largest investment in its forty-year history in the country. This investment will also grow Microsoft's local datacenter footprint from 20 sites to a total of 29 spread across Canberra, Melbourne and Sydney. To realise the full potential of this new digital infrastructure investment, Microsoft is working with TAFE NSW towards establishing a Microsoft Datacenter Academy in Australia. The company will also extend its global skills programs to help more than 300,000 Australians gain the capabilities they need to thrive in a cloud and AI-enabled economy. In addition, Microsoft will collaborate with the Australian Signals Directorate or ASD, on an initiative called the Microsoft-Australian Signals Directorate Cyber Shield MACS aimed at improving protection from cyber threats for Australian residents, businesses and government entities. As part of this partnership, Microsoft will work with ASD to build fit-for-purpose, next-generation cybersecurity solutions. Today's announcement coincided with Australian Prime Minister Anthony Albanese's state visit to the United States, where he was joined by Microsoft Vice Chair and President Brad Smith, and Microsoft Australia and New Zealand Managing Director Steven Worrall." Reference Link
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ACN | Hot Stocks16:45 EDT Accenture exec sells $1.57M in common stock - In a regulatory filing, Accenture disclosed that its Chief HR Officer Ellyn Shook sold 5,250 shares of common stock on October 20th in a total transaction size of $1.57M.
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AGNC | Hot Stocks16:42 EDT AGNC Investment sees tangible net book value $8.08 per share as of September 30 - As of September 30 AGNC had approximately $3.6B of cash and unencumbered Agency MBS, which represented approximately 52% of the Company's tangible equity as of September 30. In light of recent market volatility, the Company also provided an update regarding its estimated tangible net book value per common share and its "at risk" leverage ratio. The Company estimated that its tangible net book value per common share as of October 20 was between $6.80-$7.00 per common share, or between $6.68-$6.88 per common share after deduction for the Company's common dividend previously declared for the month of October, which has a record date of October 31, and payment date of November 9. The Company estimated that its "at risk" leverage ratio as of October 20 was approximately 8.2x.
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SOVO CPB | Hot Stocks16:38 EDT Sovos Brands, Campbell Soup receive second request for information from FTC - In a regulatory filing, Sovos Brands (SOVO) disclosed that on October 23, the company and Campbell Soup (CPB) each received a request for additional information, or the "Second Request," from the U.S. Federal Trade Commission in connection with the FTC's review of the transactions contemplated by the companies' previously announced merger agreement. "Issuance of the Second Request extends the waiting period under the HSR Act until 30 days after both the company and Campbell substantially comply with the Second Request, unless the waiting period is extended voluntarily by the parties or terminated earlier by the FTC. The company and Campbell have been working cooperatively with the FTC and will continue to do so. The company now expects that the Merger will close in 2024, and the company will continue to engage with the FTC on its review with the objective of closing the Merger in mid-2024," the filing stated.
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IONQ | Hot Stocks16:33 EDT IonQ chief science officer Monroe to leave company - IonQ announced that Dr. Chris Monroe, Chief Science Officer, will be leaving the company. Dr. Monroe co-founded IonQ in 2015 and his scientific contributions and leadership have played an instrumental role in shaping IonQ's research efforts. As Gilhuly Family Distinguished Presidential Professor of Physics and Electrical Computer Engineering at Duke University, Dr. Monroe will be returning to his academic, research, and policy pursuits. "Chris has been a pioneer working on all aspects of ion trap quantum computers, from the demonstration of the first quantum logic gate in 1995 to the invention of the first scalable quantum computer architecture," said Peter Chapman, President and Chief Executive Officer of IonQ. "Under his support and leadership, IonQ was granted exclusive ion trap intellectual property licenses from the University of Maryland and Duke University - two distinguished research universities pushing the frontiers of quantum computing. Chris has also helped guide the company to build scalable quantum computers that will drive commercial advantage. We are grateful to Chris for his many contributions and wish him the best."
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ASTI | Hot Stocks16:33 EDT Ascent Solar receives decision from DOE regarding DE-FOA-0003057 concept paper - Ascent Solar announced that the initial concept paper submitted for DE-FOA-0003057: Bipartisan Infrastructure Law: Silicon Solar Manufacturing, and Dual-use Photovoltaics Incubator has been reviewed and received an "Encouraged" decision from the Department of Energy, or DOE. Ascent will now move forward with the application process in hopes of securing funding through this FOA to advance the development of the proposed agrivoltaic system. Ascent is working to innovate agrivoltaic technologies that will directly benefit the farmers of America by enabling reliable and durable on-site solar power generation for behind the meter use.
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CPB SOVO | Hot Stocks16:32 EDT Campbell receives second request from FTC over proposed Sovos deal - Campbell Soup Company (CPB) announced it has received a request for additional information from the Federal Trade Commission as part of the agency's review of Campbell's proposed acquisition of Sovos Brands (SOVO). A second request for information is a common feature of the regulatory review for transactions of this type under the Hart-Scott-Rodino Antitrust Improvement Act. The company now expects to complete this transaction in the next calendar year and will continue to engage with the FTC on their review with the objective of closing the transaction in mid-2024.
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CDNS | Hot Stocks16:29 EDT Cadence Design falls 5% to $229.03 after Q3 results, below-consensus Q4 guidance
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CNC | Hot Stocks16:19 EDT Centene names Wade Rakes as Chief Growth Officer - Centene announced it has named Wade Rakes its Chief Growth Officer. Rakes, who currently serves as Plan President and CEO of Centene's Georgia-based subsidiary, Peach State Health Plan, will leverage his extensive Medicaid, business development and health plan leadership experience to support and advance the company's uniquely local business model in collaboration with Centene's health plans and lines of business. Drawing on Centene's mission and expertise, he will deepen the company's relationships with members, communities and partners; drive intentional expansion across existing products; and identify growth opportunities in new products and markets. Rakes will serve both roles until a new Peach State Plan President and CEO is appointed and will continue to serve as Chair of the Board of Peach State.
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SSD | Hot Stocks16:17 EDT Simpson Manufacturing sees FY23 CapEx about $100M - The company has updated its 2023 financial outlook based on three quarters of financial information to reflect its latest expectations regarding demand trends, raw material costs and operating expenses. Based on business trends and conditions as of today, October 23, 2023, the company's outlook for the full fiscal year ending December 31, 2023 is as follows: Operating margin is now estimated to be in the range of 22.0% to 22.5%. The effective tax rate is estimated to be in the range of 25% to 26%, including both federal and state income tax rates and assuming no tax law changes are enacted. Capital expenditures are estimated to be approximately $100M depending on a number of various external factors. The company continues to make progress on its efforts to integrate ETANCO into its operations and to realize previously identified offensive and defensive synergies in the years ahead. However, the company expects these efforts will result in ongoing integration costs through 2023 and beyond.
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CALX | Hot Stocks16:17 EDT Calix down 2% to $41.73 following Q3 report, Q4 guidance - Calix shares are down 87c, or 2%, to $41.73 in after-hours trading.
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CALX | Hot Stocks16:15 EDT Calix says 'excited about the growth opportunity ahead' - Calix said in its quarterly letter to investors: "We are excited about the growth opportunity ahead for Calix and our strategically aligned customers. Calix is partnering with BSPs to transform and disrupt the broadband industry through the power of our unique end-to-end platform and growing ecosystem of managed services business model to deliver offerings across residential, business, education and the communities they serve... Our financial strength is unmatched in the industry, with expanding revenue and margins, growing cash generation and a pristine balance sheet. We will continue to invest in our business, developing and deploying the platforms and managed services that are enabling our customers to add subscribers at a faster pace and achieve their business goals. The opportunity ahead of us is immense, and we are confident that we will maintain quarter-on-quarter revenue growth and margin expansion in a predictable manner."
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FTEL | Hot Stocks16:13 EDT Fitell names Yinying 'Sam' Lu, to CEO - Fitell announced that Fitell's board of directors promoted general manager of GD Wellness Pty its sole operating subsidiary in Australia, and director, Ms. Yinying "Sam" Lu, to CEO of the Company, effective October 23 Fitell's current CEO and director, Mr. Guy Robertson, will step down from the positions of CEO and director due to, his increasing commitments to several other companies and board directorships. A board member since April 2022, Sam Lu has served as General Manager of GD Wellness since April 2017, overseeing procurement, operations, marketing, and financing. Under her leadership, the Company has achieved remarkable success, delivering large-scale revenue growth. Through strategic planning, effective execution, and a relentless drive for innovation, Sam has guided the organization to new heights, growing GD Wellness' customer database from 60,000 members in 2019 to over 100,000 members in 2022, and introducing Lion Loyalty, GD Wellness' VIP membership program. Sam holds a Bachelor of Business degree in Marketing and Event Management from Griffith University.
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MREO RARE | Hot Stocks16:10 EDT Mereo BioPharma received $9M milestone payment from Ultragenyx in July - As of September 30 the Company had cash and short-term deposits of GBP 51.2M or $62.4M. Cash and short-term deposits, net of expenditures, increased by GBP 9.1M or $11.1M during the third quarter of 2023. In July 2023, the Company received a $9M milestone payment from its partner, Ultragenyx, and gross proceeds of $12.0 million from the issuance of 9,673,419 ADSs representing 48,367,095 ordinary shares through an "at-the-market" offering pursuant to its Open Market Sale Agreement with Jefferies . The Company expects its existing cash and short-term deposits, excluding income from existing or potential partnerships, will enable it to fund its currently committed clinical trials, operating expenses and capital expenditure requirements into 2026.
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CCK | Hot Stocks16:09 EDT Crown Holdings CEO says Q3 results 'solid' - Commenting on the quarter, Timothy Donahue, Chairman, President and CEO, stated, "Operating results for the third quarter were solid, and the Company performed in line with expectations despite the cumulative effects of persistent inflation and challenging macroeconomic conditions in certain markets, such as Asia, which continue to adversely impact volumes. Beverage can volumes in North America expanded by 13% and the can continues to be the preferred choice by both customers and consumers alike for new beverage product introductions. The benefits of the overhead cost reduction program were clearly visible in strong Transit Packaging results for the quarter, more than offsetting generally sluggish volumes resulting from lackluster production in several industrial markets. Actions taken in 2022 to negotiate more comprehensive raw material and other inflationary pass-through provisions resulted in improved income performance in the European Beverage division. Beverage can volumes in Asia Pacific and aerosol can shipments in North America continued to be weak during the quarter. Looking forward, we remain focused on customer satisfaction and executing that which is under our control. We have adjusted production schedules to reduce inventory levels across aerosols, Asia and Transit in response to current demand. Net leverage at 3.5 times is one-half turn lower than only three months ago and we remain on pace to generate approximately $500 million in free cash flow. We anticipate that capital expenditures will be significantly reduced to approximately $500 million in each 2024 and 2025, and the Company expects to use the increased cash flow to pay down debt and return capital to shareholders."
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TBI | Hot Stocks16:08 EDT TrueBlue names Greg Netolicky as Chief People Officer - TrueBlue "announced that Greg Netolicky has joined the company as Chief People Officer, reporting directly to President and Chief Executive Officer, Taryn Owen. Netolicky has more than 20 years of experience across all aspects of human resources, spanning Fortune 500 and privately held organizations. Most recently, he served as the Chief Human Resources Officer for Rite-Hite Holding Company, a global manufacturing company."
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CENX | Hot Stocks16:07 EDT Century Aluminum receives all approvals for South Carolina power contract - Century Aluminum announced it has finalized, and received all necessary approvals for, a new, three-year power contract with the South Carolina Public Service Authority for the Mt. Holly aluminum smelter. The contract will begin on January 1, 2024 and run through December 2026. The contract provides for 295MW of electric power, allowing the smelter to continue operating at its current capacity.
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MREO RARE | Hot Stocks16:07 EDT Mereo BioPharma provides update on recent program developments - Mereo BioPharma Group (MREO) provided an update on recent program developments and third quarter 2023 financial information. On October 14, 2023, Ultragenyx Pharmaceutical (RARE) and Mereo BioPharma Group plc announced interim data from the Phase 2 portion of the Phase 2/3 Orbit study demonstrating that treatment with setrusumab achieved a 67% reduction in annualized fracture rate in patients with osteogenesis imperfecta with at least 6 months of follow-up and continues to demonstrate ongoing and meaningful improvements in lumbar spine bone mineral density The Phase 3 portion of the study is currently enrolling approximately 195 patients at 50 sites across 12 countries...Additionally, University of Alabama at Birmingham and the Company are reporting on the ATALANTa study, a multi-center, double-blind, placebo-controlled, proof-of-concept investigator-led study run by Professor Mark Dransfield, Director of the Division of Pulmonary, Allergy and Critical Care, UAB, in collaboration with Mereo...
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CLF | Hot Stocks16:07 EDT Cleveland-Cliffs lowers FY23 CAPEX view to $670M from $700M - Cleveland-Cliffs' "previously laid out cost reduction objectives remain on target, and Cliffs currently expects another $15 per net ton reduction in steel unit costs from the third quarter to the fourth quarter of 2023, with additional cost reductions into 2024. Working capital is expected to provide a significant benefit to free cash flow in the fourth quarter of 2023. Cliffs also lowered its full-year 2023 capital expenditures expectation to $670 million, a reduction from the midpoint of its previous guidance range of $700 million."
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HRI | Hot Stocks16:03 EDT Herc Holdings narrows FY23 adjusted EBITDA view to $1.45B-$1.50B - Prior guidance was $1.45B-$1.55B
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GM | Hot Stocks16:01 EDT General Motors declares Q4 cash dividend of 9c per share - General Motors announced that its Board of Directors has declared a fourth-quarter 2023 cash dividend on the company's outstanding common stock of 9c per share payable Dec. 14, 2023, to all common shareholders of record as of the close of trading on Dec. 1, 2023.
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MCO... | Hot Stocks15:42 EDT Moody's, Google Cloud partner over generative AI applications - Moody's Corporation (MCO) and Google Cloud (GOOG) announced a new strategic partnership to explore bringing together Moody's expertise in financial analysis and Google Cloud's advanced generative AI technologies to help Moody's customers and employees leverage new large language models to glean new financial insights and summarize financial data faster. The partnership is premised on three core objectives: Building LLMs to Accelerate Financial Analysis: Powered by Google Cloud's gen AI platform, Vertex AI, and leveraging Moody's unique analytical expertise, Moody's and Google will explore co-creation of fine-tuned LLMs purpose-built for financial professionals, enabling customers to perform faster, deeper analyses of financial reports, disclosures and other materials. For example, customers will be able to interrogate, analyze, and draw decision-ready insight directly from financial disclosures. Enabling Access to Moody's Data in BigQuery for Financial Insights: Moody's will enable access to its proprietary datasets through BigQuery, Google Cloud's serverless data warehouse, which helps customers manage, query, and analyze data. This integration will allow customers to combine Moody's vast databases with their native data assets, and use them in combination with LLMs in Vertex AI. Customers will be able to build and access AI models, accelerating time-to-value through increased efficiency and individualized use cases for financial services professionals. Enhancing Enterprise Search for Financial Data: Moody's will introduce Vertex AI Search to increase efficiencies by automating manual workflows and combining multiple data sets for easier summation, deeper insights, and overall improved productivity.
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ADSK | Hot Stocks15:21 EDT Autodesk to acquire FlexSim, terms undisclosed - Autodesk has signed a definitive agreement to acquire FlexSim, a provider of simulation technology that enables factory and logistics center operators to optimize their processes. FlexSim will initially be offered in conjunction with Autodesk's Design and Make Platform, closely aligned with Autodesk Fusion, which integrates CAD, PCB design, CAM, CAE, PLM, and MES software into a single, cloud-based solution. Think of how powerful that will be for an asset's digital twin. Imagine a greenfield or brownfield factory layout maturing into a high-resolution model of the factory, and from there into a digital virtual replica of the factory. Subject to the timely completion or waiver of the applicable closing conditions, Autodesk expects the acquisition to close either during Autodesk's fourth quarter of FY24, ending January 31, 2024, or during Autodesk's first quarter of Fiscal Year FY25, ending April 30, 2024. It will have no material impact on Autodesk's fourth quarter and fiscal year FY24 guidance presented on August 23. The foregoing descriptions of the contemplated effects of the acquisition are subject to the acquisition's completion and Autodesk's ability to integrate FlexSim in all respects. This communication may make statements regarding future events and development efforts for our products and services. These statements reflect our current expectations based on what we know. Our plans are not intended to be a promise or guarantee of future delivery of products, services, or features, and purchasing decisions should not be made based upon these statements.
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INTC... | Hot Stocks15:08 EDT Intel down 3% after report says Nvidia plans to make PC CPUs - Shares of Intel (INTC) are down $1.16, or 3%, to $33.76 after Reuters reported, citing sources, that Nvidia (NVDA) has begun designing central processing units, or CPUs, that would run Microsoft's (MSFT) Windows operating system and use technology from Arm Holdings (ARM). Advanced Micro Devices (AMD) also plans to make chips for PCs with Arm technology, added the report, citing people familiar with the matter.
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ACN | Hot Stocks14:33 EDT Accenture acquires privately held MNEMO Mexico, terms not disclosed - Accenture announced it has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services. Financial terms were not disclosed. "The combination of MNEMO Mexico's managed cybersecurity services, extensive industry expertise and strong client base makes them an ideal partner to complement our existing capabilities. The addition of MNEMO Mexico's team will help us grow our business in Mexico, expand our presence in Latin America and support our North America business. Together, we will help organizations build more cyber-resilient businesses and secure their digital cores, technologies and supply chains," said Paolo Dal Cin, who leads Accenture Security globally.
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BKKT | Hot Stocks13:45 EDT Bakkt collaborates with Lightspark over UMA support - Bakkt announced that it is supporting a new open standard for money transmission: Universal Money Addresses or "UMAs." Bakkt has collaborated with Lightspark to be one of its initial partners, and is announcing the alpha launch of its UMA-capable Lightning service. This new service can be leveraged for cross-border remittances, B2B settlement, instantaneous deposits and withdrawals for trading, or global, interoperable P2P. "By leveraging our institutional-grade custody platform, best execution liquidity, fiat onramps, money transmission licensing, compliance infrastructure, and now Lightning service, we believe Bakkt is uniquely positioned to serve as the secure and reliable platform powering payments, remittances, P2P transfers, and on and off-ramps in the United States," the company said. "We are excited to enable this for our clients as together we tear down silos of value in the same way the Internet tore down silos of information." Reference Link
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GD | Hot Stocks12:38 EDT UAW members in MI, OH, PA reach tentative deal with General Dynamics - The United Auto Workers union said that, just before midnight on Sunday night, 1,100 union members who make tanks and armored vehicles for General Dynamics reached a tentative agreement with the company. The workers are members of five UAW Locals across three UAW Regions: Lima, OH Sterling Heights, MI, and Scranton, PA. After weeks of contentious negotiations, and a strike authorization vote with 97% of members voting in favor, workers have won a four-year deal that provides a 14% wage increase, protects against inflation with a folded-in COLA that equals 11% of the top wage, with automatic COLA fold-in in the future, reduces the time it takes to get to top pay, and beats back the company's proposed healthcare concessions. The membership will hold a ratification vote on the agreement, with further details to be announced.
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NFNT | Hot Stocks12:30 EDT Infinite Acquisition Corp trading halted, news pending
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OLMA | Hot Stocks12:16 EDT Olema Oncology: Median PFS was 4.6 months in Phase 2 palazestrant study - Olema Pharmaceuticals announced results from a Phase 2 clinical study of palazestrant, or OP-1250, the company's complete estrogen receptor antagonist and selective ER degrader, for the treatment of metastatic ER+/HER2- breast cancer. These results were presented in an oral presentation at the European Society for Medical Oncology Congress 2023 in Madrid, Spain, on October 22, 2023. The presentation, titled "Results from the phase 1/2 study of OP-1250, an oral complete estrogen receptor antagonist and selective ER degrader in patients with advanced or metastatic ER-positive, HER2-negative breast cancer", highlighted that: Across 86 heavily pretreated patients, where 42% of patients were 4th line or later at study entry, 120 mg once-daily, monotherapy palazestrant was well tolerated and achieved a median progression-free survival of 4.6 months and clinical benefit rate of 40%, and a median PFS of 5.6 months and CBR of 52% in patients with ESR1 mutations at baseline. In a subset analysis of 49 second- or third-line patients with or without prior chemotherapy, the median PFS was 7.2 months and CBR was 48% across all patients, and the median PFS was 7.3 months and CBR was 59% ESR1-mutant patients. "These Phase 2 monotherapy study results demonstrate that palazestrant has the potential to become a best-in-class endocrine therapy and improve upon current standard of care treatments for women living with metastatic breast cancer. In addition to being well-tolerated, palazestrant has demonstrated compelling progression-free survival as monotherapy in a heavily pretreated patient population," said Sean P. Bohen, M.D., Ph.D., President and CEO of Olema Oncology. "Going forward, we are in the process of initiating OPERA-01, our first pivotal Phase 3 clinical trial testing palazestrant as monotherapy in second- and third-line metastatic breast cancer."
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HAS | Hot Stocks12:13 EDT Hasbro, Marvel expand relationship to bring characters to Magic: The Gathering - Hasbro announced an expansion of its long-standing relationship with Marvel. Together, Hasbro and Marvel will develop collectible products and tentpole sets for the trading card game, Magic: The Gathering. The first tentpole Magic set based on Marvel's characters and epic stories will appear globally in 2025, with additional all-new sets for multi-generational fans to collect and play, the companies said. "Trading cards have always been a part of Marvel's DNA, so this collaboration takes that experience to a whole new level," said Dan Buckley, President of Marvel Comics and Franchise. "With the depth that our storytelling and characters bring to the table, we can't wait for fans to see how the Marvel Universe translates seamlessly into gameplay within these Magic: The Gathering products and sets for years to come."
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SONY | Hot Stocks12:02 EDT PS5 exclusive 'Spider-Man 2' sells over 2.5M units in first 24 hours - Sony's PlayStation unit said that PlayStation 5 exclusive game "Marvel's Spider-Man 2" has sold more than 2.5M units in the first 24 hours of its availability. The game released on October 20. Reference Link
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FMC | Hot Stocks12:00 EDT FMC Corporation falls -11.7% - FMC Corporation is down -11.7%, or -$7.85 to $59.10.
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AJX | Hot Stocks12:00 EDT Great Ajax falls -33.3% - Great Ajax is down -33.3%, or -$2.12 to $4.25.
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MLI | Hot Stocks12:00 EDT Mueller Industries falls -49.9% - Mueller Industries is down -49.9%, or -$35.16 to $35.29.
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ESMT | Hot Stocks12:00 EDT EngageSmart rises 12.2% - EngageSmart is up 12.2%, or $2.47 to $22.67.
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TRCA | Hot Stocks12:00 EDT Twin Ridge Capital Acquisition rises 16.3% - Twin Ridge Capital Acquisition is up 16.3%, or $1.12 to $8.01.
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TGH | Hot Stocks12:00 EDT Textainer rises 44.8% - Textainer is up 44.8%, or $15.29 to $49.44.
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BNTX | Hot Stocks11:33 EDT BioNTech presents Phase 1/2 data update for BNT211 in advanced solid tumors - BioNTech announced follow-up data from its ongoing first-in-human Phase 1/2 trial evaluating the safety and efficacy of the Company's Claudin-6-directed CAR-T cell therapy candidate BNT211 in patients with CLDN6-positive refractory/relapsed solid tumors. The data show encouraging signs of clinical activity and an increased persistence of cancer-specific CAR-T cells when combined with CARVac. At the ESMO Congress 2023 in Madrid, Prof. John Haanen, M.D., Ph.D., Netherlands Cancer Institute, Amsterdam, Netherlands presented the data in an oral late-breaking data session which confirms the positive interim data presented at this year's American Society of Clinical Oncology Annual Meeting in Chicago, USA. The data update included 44 patients who received CLDN6 CAR-T cells at four dose levels alone or in combination with CARVac. Patients with germ cell tumors, ovarian cancer and other solid tumor types were treated. In course of the dose escalation, a dose-dependent increase in adverse events was observed, with cytokine release syndromes occurring in 23 of 44 safety evaluable patients. In most cases, these were of grade 1 and 2, with one patient with a grade 3 and one with a grade 4 event. Neurotoxicity was mild and self-limiting in two patients. Of the total 44 patients, 38 were efficacy evaluable. The overall response rate for these 38 patients was 45% and the disease control rate 74%. Further, 27 patients were treated with CLDN6 CAR-T cells at dose level 2 with or without CARVac. At this dose level, 13 patients showed partial responses resulting in an ORR of 59% and a DCR of 95%. Additionally, in the same cohort, patients who received CARVac showed a prolonged persistence of CAR-T cells. These results further underline the potential of BioNTech's BNT211 program. One objective of the ongoing Phase 1/2 trial is to determine the recommended dose for the initiation of a potential pivotal Phase 2 trial in patients with germ cell tumors which is expected to be initiated in 2024.
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RVMD | Hot Stocks11:14 EDT Revolution Medicines reports objective response rate in RMC-6236 trial of 38% - Revolution Medicines on Sunday announced anti-tumor and safety data for RMC-6236, its RASMULTI(ON) Inhibitor, in patients with previously treated non-small cell lung cancer and pancreatic ductal adenocarcinoma across several dose levels and KRASG12X genotypes, including common KRAS-mutant genotypes G12D and G12V. These initial results were presented during a Proffered Paper session at the European Society for Medical Oncology Congress in Madrid, October 20-24, 2023. "Today's presentation marks an important milestone in the clinical development of RMC-6236, an unprecedented, oral RASMULTI(ON) Inhibitor with an innovative mechanism of action. The findings reinforce our belief that by inhibiting the (ON), or active, form of diverse RAS cancer drivers, RMC-6236 can lead to meaningful clinical responses in patients at dose levels that are generally well tolerated," said Mark A. Goldsmith, M.D., Ph.D., CEO and chairman of Revolution Medicines. The RMC-6236-001 Phase 1/1b trial is a multicenter, open-label, dose-escalation and dose-expansion study designed to evaluate RMC-6236 as monotherapy in patients with advanced solid tumors harboring KRASG12X mutations. As of an October 12, 2023 data extraction, a total of 111 patients with NSCLC or PDAC were treated at dose levels administered once daily ranging from 80 mg to 400 mg. Common KRAS mutations in patients evaluated included G12D, G12V, G12R, G12A and G12S; patients with KRASG12C mutations were excluded from the study due to the availability of currently approved KRASG12C(OFF) inhibitors. All patients had previously been treated with standard of care appropriate for tumor type and stage. Patients with NSCLC had received a median of two prior lines of therapy while patients with PDAC had received a median of three prior lines of therapy. RMC-6236 demonstrated preliminary evidence of clinical activity and an acceptable safety profile that was generally well tolerated across the dose levels analyzed. Clinical activity was evaluated in patients who had received the first dose of RMC-6236 at least eight weeks prior to the data extraction date. Among the 40 efficacy evaluable NSCLC patients, the objective response rate was 38%, with one patient achieving a complete response as a best response and 14 patients achieving a partial response. The disease control rate in this NSCLC population was 85%. Among the 46 efficacy evaluable PDAC patients, the objective response rate was 20%, with nine patients achieving a PR as a best response. The DCR in this PDAC population was 87%. Confirmed objective responses included tumors harboring KRAS mutations G12D, G12V or G12R, and disease control was observed across all KRAS mutations, including G12A and G12S. Shares of Revolution Medicines are down 43% to $16.06 in late morning trading.
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FOCS | Hot Stocks11:02 EDT Focus Financial Partners appoints Dan Glaser as interim CEO - Focus Financial Partners announced that Dan Glaser, Chairman of Focus' Board of Directors and Operating Partner at Focus' majority investment partner, Clayton, Dubilier & Rice, has been appointed the Company's Interim CEO. He succeeds Rudy Adolf, who will begin handing over responsibilities immediately and retire at the end of the year, after successfully founding the company. The Focus Board has initiated a search for a new CEO.
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AZN DSNKY | Hot Stocks10:56 EDT AstraZeneca: Enhertu demonstrated meaningful survival in Phase II trial - Results from the primary analysis of the ongoing DESTINY-PanTumor02 Phase II trial showed that ENHERTU continued to demonstrate clinically meaningful and durable responses, leading to a clinically meaningful survival benefit in previously treated patients across multiple HER2-expressing advanced solid tumors. These results, which include the first progression-free survival and overall survival findings reported from the trial, were presented today at the 2023 European Society for Medical Oncology Congress in Madrid, Spain and simultaneously published in the Journal of Clinical Oncology. ENHERTU is a specifically engineered HER2-directed antibody drug conjugate being jointly developed and commercialized by AstraZeneca (AZN) and Daiichi Sankyo (DSNKY). In the primary analysis, ENHERTU demonstrated a median PFS of 6.9 months and a median OS of 13.4 months in the overall trial population of previously treated patients with HER2-expressing advanced solid tumors, including either biliary tract, bladder, cervical, endometrial, ovarian, pancreatic cancers or other tumors, as assessed by investigator. ENHERTU also continued to show a confirmed objective response rate of 37.1% and a median duration of response of 11.3 months in these patients.
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AZN DSNKY | Hot Stocks10:40 EDT AstraZeneca says Dato-DXd improved progression-free survival in NSCLC trial - AstraZeneca (AZN) and Daiichi Sankyo's (DSNKY) datopotamab deruxtecan, or Dato-DXd, reduced the risk of disease progression or death by 25% in overall population and by 37% in patients with non-squamous tumors in a trial, the companies announced. Positive results from the pivotal TROPION-Lung01 Phase III trial showed that datopotamab deruxtecan demonstrated a statistically significant improvement for the primary endpoint of progression-free survival, or PFS, compared to docetaxel, the current standard of care, in patients with locally advanced or metastatic non-small cell lung cancer, or NSCLC, treated with at least one prior line of therapy, the companies stated. These data will be shared today in the second of two late-breaking presentations for datopotamab deruxtecan in a Presidential Symposium at the European Society for Medical Oncology, or ESMO, 2023 Congress in Madrid, Spain.
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JNJ | Hot Stocks10:36 EDT Janssen says Rybrevant combination study showed 30% risk reduction - Johnson & Johnson's Janssen Pharmaceutical announced results from the Phase 3 MARIPOSA study showing Rybrevant in combination with lazertinib compared to osimertinib resulted in a 30% reduction in the risk of disease progression or death in the first-line treatment of patients with locally advanced or metastatic non-small cell lung cancer with either epidermal growth factor receptor exon 19 deletions or L858R substitution Results also showed a favorable trend in overall survival for Rybrevant and lazertinib in these patients compared to osimertinib at a first interim analysis, Janssen said in a statement. At a median follow-up of 22 months, median progression-free survival for Rybrevant lazertinib was 23.7 months compared to 16.6 months for osimertinib.
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AZN DSNKY | Hot Stocks10:35 EDT AstraZeneca reports 'positive' results from TROPION-Breast01 Phase III trial - AstraZeneca (AZN) says "positive" results from the pivotal TROPION-Breast01 Phase III trial showed that datopotamab deruxtecan, or Dato-DXd, demonstrated a statistically significant and clinically meaningful improvement in progression-free survival, or PFS, compared to investigator's choice of chemotherapy in patients with inoperable or metastatic hormone receptor-positive, HER2-low or negative breast cancer previously treated with endocrine-based therapy and at least one systemic therapy. These data will be shared today in the first of two late-breaking presentations for datopotamab deruxtecan in a Presidential Symposium at the European Society for Medical Oncology, or ESMO, 2023 Congress in Madrid, Spain. Datopotamab deruxtecan is a specifically engineered TROP2-directed DXd antibody drug conjugate, or ADC, being jointly developed by AstraZeneca and Daiichi Sankyo (DSNKY).
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BOLT | Hot Stocks10:35 EDT Bolt presents updated clinical data from Phase 1 trial of BDC-1002 - Bolt Biotherapeutics presented updated data from its Phase 1 dose-escalation trial of BDC-1001 at the European Society for Medical Oncology 2023 Congress, being held in Madrid, Spain and virtually from October 20-24, 2023. BDC-1001 is an investigational Immune-Stimulating Antibody Conjugate in development for the treatment of patients with human epidermal growth factor receptor 2 positive cancer. BDC-1001 comprises a HER2-targeting biosimilar of trastuzumab conjugated with a non-cleavable linker to a proprietary TLR7/8 agonist. The Phase 1 dose-escalation trial enrolled 131 patients with 16 different HER2-expressing solid tumor types across 18 dose levels in two arms, monotherapy and in combination with nivolumab. At enrollment, all patients entered in the study had evidence of tumor progression following prior standard of care treatments, and a majority of the patients were heavily pre-treated. Key findings from the updated Phase 1 BDC-1001 dose escalation study are summarized below. Improved BDC-1001 efficacy was observed since the data presented at ASCO in June 2023 with one new CR, two additional long-term SDs, and three patients who received therapy for at least one year. At the RP2D, one CR was observed in the monotherapy arm in a patient with salivary gland cancer and three PRs were observed at the RP2D; one in the monotherapy arm in a patient with biliary tract cancer and two in the combination arm in patients with colorectal and ovarian cancer. The response rate at the RP2D was 29% in evaluable patients with HER2-positive tumors, both in monotherapy and in combination with nivolumab. At the RP2D, among evaluable patients with HER2-positive tumors, 43% in the monotherapy arm and 57% in the combination arm experienced at least 24 weeks of disease control, and 57% in the monotherapy arm and 71% in the combination arm achieved tumor shrinkage. BDC-1001 continues to be well tolerated at all dose levels and schedules as both monotherapy and in combination with nivolumab with no increase in toxicity in combination with BDC-1001. The most frequent drug-related treatment-emergent adverse events were grade 1 or 2 infusion-related reactions, which were observed in 29.8% of subjects. Grade 3 or higher treatment-related TEAEs were seen in ten subjects with only one grade 4 and no grade 5 drug-related AEs. Pharmacodynamic responses in both plasma and tissue were consistent with the mechanism of action for an ISAC. Statistically significant upregulation of TLR signaling pathway gene signature, innate immunity gene signatures and T cell inflamed phenotype was observed in the four patients with clinical benefit. Increases in innate immunity signatures was observed in patients in the q2w cohorts, but not q1w. The once-weekly dosing cohorts experienced higher rates of adverse events versus every-two-week dosing, including: grade 3 or higher BDC-1001-related TEAEs, grade 3 or higher LVEF decreases, and infusion-related reactions, providing further support for the selection of 20 mg/kg q2w as the RP2D.
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NVS | Hot Stocks10:33 EDT Novartis reports Phase III PSMAfore trial with Pluvicto met primary endpoint - Novartis presented data from the Phase III PSMAfore trial at the 2023 European Society for Medical Oncology, or ESMO, Congress. Data presented at the Presidential Symposium showed that Pluvicto met its primary endpoint with a clinically meaningful and statistically significant benefit in radiographic progression-free survival, or rPFS, in patients with prostate-specific membrane antigen-positive metastatic castration-resistant prostate cancer, or mCRPC, after treatment with androgen receptor pathway inhibitor therapy, compared to a change in ARPI. The trial met its primary endpoint of rPFS with a 59% reduction in the risk of radiographic disease progression in patients with Pluvicto versus a change of ARPI. Using a data cut off with a median of 8.6 months longer study follow-up, an updated rPFS analysis demonstrated a consistent clinical benefit in patients with Pluvicto versus a change in ARPI, more than doubling time to radiographic disease progression, the company stated. "These promising results from PSMAfore could change the treatment paradigm for advanced prostate cancer by allowing patients to potentially avoid or delay taxane-based chemotherapy, which carries a heavy burden of side effects. While data collection for overall survival continues, the consistency of the benefit observed on other clinically meaningful efficacy endpoints, together with improved quality of life and favorable safety profile, show the potential of Pluvicto for taxane-naive patients with mCRPC," said Jeff Legos, Executive Vice President, Global Head of Oncology Development at Novartis.
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STLA... | Hot Stocks10:21 EDT UAW says 6,800 autoworkers join strike at Stellantis' Sterling plant - On Monday morning, 6,800 UAW members at Sterling Heights Assembly Plant joined the Stand Up Strike, shutting down production at Stellantis' (STLA) largest plant and biggest moneymaker, the UAW said in a statement. "The workers who make Stellantis' best-selling RAM 1500 trucks are joining the unprecedented Stand Up Strike at all three of the Big Three automakers. The move comes just days after UAW President Shawn Fain detailed the current proposals across the automakers, highlighting the shortcomings of Stellantis' current offer. Despite having the highest revenue, the highest profits, the highest profit margins, and the most cash in reserve, Stellantis lags behind both Ford (F) and General Motors (GM) in addressing the demands of their UAW workforce. Currently, Stellantis has the worst proposal on the table regarding wage progression, temporary worker pay and conversion to full-time, cost-of-living adjustments, and more. The unannounced walkout at SHAP brings the total number of UAW members on strike at the Big Three automakers to over 40,000, as the strike nears the six-week mark." The UAW added: "Ford, GM and Stellantis made a quarter-trillion dollars in North American profits over the last decade. They made a combined $21B in total profits in just the first six months of this year. And yet all of them are still refusing to settle contracts that give workers a fair share of the record profits they've earned." Reference Link
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VERX | Hot Stocks10:01 EDT Vertex announces strategic partnership with Pagero - Vertex has announced at its 2023 Vertex Exchange conference a partnership with Pagero, a global network leader for the exchange of invoices and other business documents. The partnership enables a seamless solution that allows businesses to ensure continuous indirect tax compliance and bring efficiencies to their invoicing lifecycle, all within a single cloud platform. Vertex e-Invoicing, partnering with Pagero, simplifies indirect tax compliance and streamlines Continuous Transaction Controls requirements. The joint offering enables tax, finance and IT departments direct access to data for CTC, unlocks e-invoice clearance, real-time reporting and Peppol access for electronic B2B and B2G compliant document and data exchange.
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FMC | Hot Stocks10:00 EDT FMC Corporation falls -17.5% - FMC Corporation is down -17.5%, or -$11.74 to $55.21.
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AJX | Hot Stocks10:00 EDT Great Ajax falls -28.1% - Great Ajax is down -28.1%, or -$1.79 to $4.58.
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MLI | Hot Stocks10:00 EDT Mueller Industries falls -49.5% - Mueller Industries is down -49.5%, or -$34.85 to $35.60.
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ESMT | Hot Stocks10:00 EDT EngageSmart rises 11.5% - EngageSmart is up 11.5%, or $2.33 to $22.53.
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AKA | Hot Stocks10:00 EDT a.k.a. Brands rises 16.9% - a.k.a. Brands is up 16.9%, or $1.33 to $9.16.
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TGH | Hot Stocks10:00 EDT Textainer rises 43.9% - Textainer is up 43.9%, or $14.98 to $49.13.
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SHEL | Hot Stocks09:54 EDT Shell signs shareholder's agreement to extend partnership for Oman LNG - Shell Gas BV, a subsidiary of Shell plc, and partners in the Oman LNG LLC venture signed an amended shareholders' agreement for Oman LNG LLC extending the business beyond 2024, Shell announced. "Oman LNG in turn signed various agreements to secure its gas supply until 2034. The signing ceremony was held under the patronage of His Excellency Eng. Salim Al Aufi, Oman's Minister of Energy and Minerals. Under these agreements, Shell Gas will remain the largest private shareholder in Oman LNG, with a 30% shareholding, and continues its role as technical adviser," Shell said. "In addition and based on previously signed term sheets, Shell International Trading Middle East FZE will purchase up to 1.6 million tonnes per annum of LNG from Oman LNG from 2025 to 2034, making Shell the largest LNG off-taker from Oman LNG," Shell added.
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TSLA | Hot Stocks09:54 EDT Tesla says DOJ requests information related to Autopilot, FSD features - In a regulatory filing, Tesla said: "We receive requests for information from regulators and governmental authorities, such as the National Highway Traffic Safety Administration, the National Transportation Safety Board, the SEC, the Department of Justice and various local, state, federal and international agencies. We routinely cooperate with such regulatory and governmental requests, including subpoenas, formal and informal requests and other investigations and inquiries. For example, the SEC had issued subpoenas to Tesla in connection with Elon Musk's prior statement that he was considering taking Tesla private. The take-private investigation was resolved and closed with a settlement entered into with the SEC in September 2018 and as further clarified in April 2019 in an amendment. The SEC also has periodically issued subpoenas to us seeking information on our governance processes around compliance with the SEC settlement, as amended. Separately, the company has received requests for information, including subpoenas, from the DOJ. These have included requests for documents related to Tesla's Autopilot and FSD features. Additionally, the company has received requests for information, including subpoenas from the DOJ, regarding certain matters associated with personal benefits, related parties, vehicle range and personnel decisions. To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred. We cannot predict the outcome or impact of any ongoing matters. Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows, financial position or brand."
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AKA | Hot Stocks09:51 EDT AKA Brands trading resumes
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AJX | Hot Stocks09:47 EDT Great Ajax falls -21.0% - Great Ajax is down -21.0%, or -$1.34 to $5.03.
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FMC | Hot Stocks09:47 EDT FMC Corporation falls -24.3% - FMC Corporation is down -24.3%, or -$16.26 to $50.69.
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MLI | Hot Stocks09:47 EDT Mueller Industries falls -50.3% - Mueller Industries is down -50.3%, or -$35.41 to $35.04.
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AKA | Hot Stocks09:47 EDT a.k.a. Brands rises 10.3% - a.k.a. Brands is up 10.3%, or 81c to $8.64.
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ESMT | Hot Stocks09:47 EDT EngageSmart rises 11.9% - EngageSmart is up 11.9%, or $2.40 to $22.60.
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TGH | Hot Stocks09:47 EDT Textainer rises 43.8% - Textainer is up 43.8%, or $14.96 to $49.11.
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AKA | Hot Stocks09:46 EDT AKA Brands trading halted, volatility trading pause
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GNTY | Hot Stocks09:40 EDT Guaranty Bancshares CFO Clifton Payne to retire - Guaranty Bancshares announced that Clifton 'Cappy' Payne, Senior EVP and CFO of the Company plans to retire March 31, 2024, after 40 years with the Company and 35 years as the principal accounting officer. Cappy will step down as CFO effective December 29, 2023 and Shalene Jacobson will become the Company's next CFO. Shalene joined the Bank in 2016 and currently serves as EVP and CFO of the Bank. She will retain that title after her appointment as CFO of the Company.
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INPX | Hot Stocks09:33 EDT Damon Motors announces reverse merger with Inpixon, plans Nasdaq listing - Damon Motors, makers of the HyperSport electric motorcycle, is pleased to announce it has signed a definitive agreement with Inpixon to complete a reverse merger with a proposed spin-off entity of Inpixon, Grafiti Holding. Grafiti's assets will consist of Inpixon Ltd., a division of Inpixon's data analytics and statistical visualization solutions business, based in the United Kingdom, following the contribution of such assets from Inpixon to Grafiti. Damon's HyperSport is expected to be one of the safest, smartest and most powerful motorcycles available in the market. Damon has received more than $70M in funding to date and has secured more than $85M in pre-production, consumer reservations for its motorcycles. The enterprise value of Damon was ascertained by Inpixon's independent financial advisory firm to be within the range of $224M and $284M. In connection with the Business Combination, Grafiti will effect a spinoff of all the outstanding capital stock of Grafiti to the holders of Inpixon's outstanding capital stock and certain other securityholders as of a record date to be determined. Following the Spin-off, Damon will acquire Grafiti by way of a three-cornered amalgamation under a statutory plan of arrangement in British Columbia, pursuant to which Damon and a newly-formed, wholly-owned subsidiary of Grafiti will amalgamate and form a continuing entity, which will be wholly owned by Grafiti. Pursuant to the amalgamation, Grafiti will acquire all of the issued and outstanding Damon Shares and will issue Grafiti Shares to the holders of Damon Shares as consideration therefor, after which the legacy Damon shareholders and Grafiti shareholders are expected to hold 81.25% and 18.75%, respectively, of the outstanding Grafiti Shares on a fully diluted basis. Upon the completion of the Business Combination, the combined company will be listed on the Nasdaq Capital Market, subject to the approval of an initial listing application. The Business Combination has been approved unanimously by the Board of Directors of both Inpixon and Damon.
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WORX | Hot Stocks09:33 EDT SCWorx signs LOI to acquire American Environmental Partners - SCWorx announced that on October 20, 2023 it entered into a letter of intent to acquire American Environmental Partners. The LOI sets forth the proposed terms and conditions pursuant to which the Company and American Environmental intend to effect a business combination, as a result of which American Environmental and the Company's healthcare data management business will each be conducted through wholly-owned subsidiaries of the Company. The Company anticipates that Proposed Transaction will be structured as a share-for-share exchange with SCWorx shareholders retaining 17% of the combined Company, after giving effect to a $6 million capital raise by American Environmental, which is a condition to completion of the Proposed Transaction. The LOI has binding and non-binding components. The binding components require among other things that American Environmental Partners provide the Company $150,000 of working capital, as well as cover its costs to complete the transaction. In addition, both parties are restricted from engaging in discussions with other parties about an acquisition or similar transaction. Upon execution of a definitive agreement, the Company intends to issue a subsequent news release with more details regarding the Proposed Transaction, including the proposed capitalization of the Company upon the closing of the Proposed Transaction. The Company previously engaged Stanton Park, a boutique investment bank, to advise it in connection with the process of reviewing strategic opportunities available to the Company, including the Proposed Transaction. The Proposed Transaction has been approved by the Boards of Directors of both SCWorx and American Environmental and is expected to close in the first quarter of CY 2024. The Transaction will be considered a "reverse merger" because the shareholders of American Environmental will own more than a majority of the outstanding common stock of the Company following completion of the Proposed Transaction. As such, the Proposed Transaction is subject to NASDAQ approving a listing application based on initial inclusion standards. In addition, the closing of the Proposed Transaction is subject to satisfaction of the following conditions: satisfactory completion of due diligence review by both parties, the negotiation, execution and delivery of definitive agreements, American Environmental raising $6 Million of equity, concurrently with the closing, satisfactory completion of an audit of American Environmental's financial statements, approval by both SCWorx and American Environmental shareholders, as well as other customary closing conditions. There can be no assurance that the Proposed Transaction will be completed as currently contemplated, or at all.
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CVM | Hot Stocks09:29 EDT CEL-SCI presents data for immunotherapy drug Multikine at ESMO - CEL-SCI Corporation announced that it has finalized the selection criteria for the head and neck cancer target population to be treated with the Company's immunotherapy drug Multikine or Leukocyte Interleukin, Injection . Five-year survival in the target population was 73% alive for Multikine-treated patients vs only 45% alive in the control who did not receive Multikine, with the five-year risk of death cut in half for Multikine-treated subjects in the target population versus the control. These data, which are statistically significant and accompanied by strong hazard ratios, are a crucial achievement on the path for the approval of Multikine. CEL-SCI presented the data for the first time at the European Society for Medical Oncology ESMO Congress in Spain on October 22 . The selection criteria for this target population were developed based on the completed Phase 3 randomized controlled trial, advice from regulators, and advice from physician consultants associated with the University of California San Diego Cancer Center and Yale Medical School, recognized as among the nation's most esteemed immuno-oncologists in head and neck cancer.
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LIN | Hot Stocks09:24 EDT Linde board approves share repurchase program for up to $15B - The Board of Directors also approved a new share repurchase program for up to $15B of Linde's ordinary shares. The company has $2B of repurchase authority available under its previously announced buyback authorization from February 2022, giving it $17B available for stock repurchases under these programs.
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ASO | Hot Stocks09:21 EDT Academy Sports promotes Sam Johnson to President - Academy Sports announced that Sam Johnson, Executive VP of Retail Operations, will become President, succeeding Michael Mullican, who is stepping down to pursue other personal and professional opportunities. Johnson has served as EVP of Retail Operations and a member of the executive leadership team since joining Academy in April 2017. Prior to joining the company, Johnson spent seven years with hhgregg, where he most recently served as Chief Retail Officer and led various functions including store operations, customer relations, commercial sales, real estate and visual merchandising. Prior to hhgregg, he spent more than 20 years in various leadership roles with Sears Holdings Corporation, including Vice President of Small Stores. Eric Friederich has been promoted to Senior VP of Retail Operations, succeeding Johnson as the head of store operations. Friederich has been with Academy since November 2016, most recently as Regional Vice President of East Region Stores and previously as Senior Director of Communication and Merchandise Execution and as a District Manager.
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DSX | Hot Stocks09:21 EDT Diana Shipping becomes partner in commissioning servie operation vessels project - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has signed a term sheet relating to its participation in a joint venture entity that is expected to own and operate offshore wind vessels. In the initial phase of this collaboration, the joint venture entity has ordered two high spec Commissioning Service Operation Vessels from VARD and holds the option to acquire two additional offshore wind service vessels, in an effort to become a leading provider to that sector. The Company's partners in this venture include Blue Star Group GmbH & Cie. KG, SeaRenergy Offshore Holding GmbH and SeraVerse GmbH, who share its commitment to innovation and excellence in the offshore wind sector. The transaction remains subject to the negotiation of definitive documentation relating to the Company's participation in the joint venture entity and the satisfaction of customary closing conditions. Mrs. Semiramis Paliou, Director and Chief Executive Officer of the Company, stated: "We are excited to announce our intention to enter into a new sector of the shipping industry through a strategic partnership involving the acquisition of two CSOV vessels. We view this investment as another attestation to our commitment for a greener and more sustainable future. Together with our esteemed partners, we embark on an exciting journey that should contribute to a cleaner and more eco-friendly world." Upon the completion of the previously announced sale of m/v Boston, Diana Shipping Inc.'s fleet will consist of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the Company's fleet, including the m/v Boston, is approximately 4.7 million dwt with a weighted average age of 10.55 years.
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FATH | Hot Stocks09:19 EDT Fathom Digital appoints Carey Chen as CEO - Fathom Digital announced that its board of directors has appointed Carey Chen as CEO of the company. Chen will succeed Ryan Martin, effective immediately. Chen has served as a member of Fathom's board since the company became publicly listed in 2021 and served as a director of Fathom's predecessor companies dating back to 2019. Prior to being appointed CEO of Fathom, Chen served as the president of Altix Corporation, a management consulting firm serving a broad array of industrial manufacturing companies.
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IRON | Hot Stocks09:19 EDT Disc Medicine CFO Joanne Bryce departs - Disc Medicine announced that Joanne Bryce, CFO, plans to depart the company. Disc has initiated a search to fill the position. To ensure an orderly transition, Ms. Bryce plans to remain with the company and oversee her current responsibilities until a successor has been identified.
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AIHS | Hot Stocks09:17 EDT Senmiao Technology reports September operating metrics for ride-hailing platform - Senmiao Technology announced the operating metrics for its proprietary online ride-hailing platform for the month of September. In September 2023, Senmiao and its affiliates recorded 0.61 million total completed orders, compared to 0.62 million total orders completed in August 2023. The decrease was primarily the result of a decreased number of completed orders from partner platforms under the new model, which was partially offset by an increased number of completed orders by Senmiao's own platform through Gaode under the original model, as the Guangzhou compliance check to Gaode's platform has been completed. Since the launch of Senmiao's online ride-hailing platform in October 2020, more than 25.0 million rides have been completed using its own platform. Over 8.8 million rides have been completed on several platforms in partnership with Senmiao since August 2021.
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HUGE | Hot Stocks09:12 EDT FSD Pharma files information circular for proposed Celly Nu arrangement - FSD Pharma announced that FSD Pharma has filed on www.sedarplus.ca its management information circula and related materials in connection with the special meeting of FSD Pharma Securityholders to be held on November 20, 2023, at 1:00 p.m., as a virtual meeting through the AGM Connect meeting platform at www.agmconnect.com/fsdpharma2023, to approve, among other things, the previously-announced plan of arrangement pursuant to which FSD Pharma proposes to distribute a portion of its shareholdings of Celly Nu to certain FSD Pharma Securityholders, and as more particularly described in the Circular.
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VRSK | Hot Stocks09:12 EDT Pearl selects Verisk's data, analytics to streamline insurance delivery - Pearl Holding is harnessing LightSpeed from Verisk to help improve control and save money within its agent distribution channel. PHG provides affordable auto insurance to the nonstandard market using Verisk's LightSpeed for Personal Auto. By bringing pivotal underwriting analytics forward in a single data payload, LightSpeed can streamline workflows and help provide reliable quotes to consumers in seconds. "Delivering a robust data payload at the front end of the process is a cost-effective strategy that can help insurers to harness automated workflows, quickly segment risk, and improve the agent experience," said Joe Wodark, vice president of auto insurance underwriting solutions at Verisk. "With Verisk's technology and pricing flexibility, PHG is lowering its cost per acquisition while helping more consumers obtain coverage quickly and easily."
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STM CMPO | Hot Stocks09:10 EDT STMicroelectronics supplies energy-harvesting microcontrollers to Ellipse World - STMicroelectronics is supplying energy-harvesting secure microcontrollers to Ellipse World to enhance security for card payments. The first metal cards featuring EVC technology will be offered by CompoSecure. This innovative solution is designed to elevate both the payment experience and enhance user protection, facilitated by ST's ST31N600 chip.
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PRST | Hot Stocks09:09 EDT Presto Automation signs voice AI pilot with top 10 QSR drive-thru brand - Presto Automation has signed new pilot agreements with two top major quick-service restaurant brands. One of Presto's new pilot drive-thru customers is a Top 10 QSR chain, ranked by annual revenues of restaurants that include a drive-thru concept, while the other is part of a leading global restaurant franchising company that manages over 2,000 locations in total. In both cases, Presto is now the only Voice AI vendor in an active pilot after two prior voice AI vendors failed to perform adequately beyond a pilot stage. "As an enterprise-grade solution, Presto Voice(TM) has demonstrated it is the best choice for large QSR chains," said Xavier Casanova, CEO of Presto. "Our unparalleled strength in technology development and our ability to roll out large-scale implementations in the restaurant industry sets Presto apart, and recent customer contracts and growth of installed locations tangibly illustrates Presto's leadership in the industry."
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SGPYY | Hot Stocks09:09 EDT Sage Group introduces Alex AI-generated business avatar - Sage announced the launch of its first AI-generated business avatar in Season 4 of Member Masterclass. "Embracing the opportunities of AI: Insights from an AI-generated expert" presented by AI-avatar, Alex, is part of Sage's industry-leading series of talks and articles for customers. AI tools have increased among U.S. SMBs as they seek ways gain more time from repetitive tasks to grow their business. With more than half "eager" to expand their knowledge of generative AI, resources like Sage's Member Masterclass offer information into this expanding area. Created via generative AI tools, with human approval, Alex's Member Masterclass will guide the small and medium-sized business community through the intricate landscape of AI, with Alex providing an insightful overview of its evolution and the groundbreaking implications it has in various sectors, such as finance.
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DLX IBM | Hot Stocks09:08 EDT Deluxe, IBM Consulting enter strategic collaboration - Deluxe (DLX) and IBM Consulting (IBM) announced a strategic collaboration aimed at transforming the receivables and cash application processing landscape for corporations. This collaboration has resulted in a joint go-to-market agreement intended to empower clients with a solution targeting the lifeblood of every business - optimizing cash flow. The primary focus of this collaboration is to put the power of receivables automation and cash application processing directly into the hands of corporations, help reduce overhead, and help increase overall efficiency. IBM Consulting, with its deep expertise in finance business process outsourcing services, is joining forces with Deluxe to bring joint clients an end-to-end solution that addresses both technology and operations.
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EDBL | Hot Stocks09:07 EDT Edible Garden receives USDA grant for Organic Certification costs - Edible Garden AG announced that the Company has received a grant from the United States Department of Agriculture Organic Certification Program administered by the Hackettstown Farm Service Agency. These funds are designated to reimburse organic producers and handlers with financial assistance to reduce the costs associated with organic certification, as well as processing/handling certifications. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to receive this grant from the USDA's Organic Certification Program, overseen by the Farm Service Agency. The grant provides reimbursement for a number of the costs associated with our organic crop certification, and related costs at our Belvidere, New Jersey facility. Being at the forefront of controlled environment agriculture and committed to local, organic, and sustainable produce, organic certification is a key advantage for the Company. This award builds on our existing collaborations with the USDA. Earlier this year, our Grand Rapids, Michigan-based Edible Garden Heartland facility also received a similar grant. Moreover, we're currently partnering with the New Jersey Institute of Technology, USDA, and EPA on research focusing on nanobubble technology's role in ensuring the safety of fresh produce and processing methods. The Company's Zero-Waste Inspired(R) mission aligns seamlessly with the USDA's objectives, and we are eagerly anticipating more opportunities to collaborate and contribute to the world of sustainable agriculture through future projects."
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CHKP | Hot Stocks09:07 EDT Check Point enhances global services with new managed securities capabilities - Check Point Software Technologies announces an important enhancement to its Check Point Infinity Global Services suite. New enhancements to Infinity Global Services: New Managed Network Security Service; New Managed Cloud Security Service; Extended Managed Detection and Response Capabilities. "Given the dynamic threat landscape, our focus is on ensuring our customers and partners are equipped with leading-edge managed security and cloud services," said Eitan Lugassi-Gilad, VP, Infinity Global Services at Check Point Software Technologies. "This expansion enhances our services offering, while strengthening Check Point's role as a key player in delivering managed security services. We are proud to help customers of all sizes address the complex challenges of designing and implementing a cyber-resiliency strategy and the nuances of cloud migrations for enterprises."
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DEA | Hot Stocks09:07 EDT Easterly Government Properties acquires 35,005 SF U.S. District Courthouse in VA - Easterly Government Properties announced that it has acquired a 35,005 leased square foot United States District Courthouse in Newport News, Virginia or JUD - Newport News. The United States District Court, Eastern District of Virginia, Newport News Division Courthouse is a highly specialized facility that features 2008 build-to-suit, LEED Certified construction, and a new 10-year firm term lease extension that does not expire until 2033. JUD - Newport News houses four District Judges, three Senior District Judges, and three Magistrate Judges, and is responsible for the cities of Newport News, Hampton, and Williamsburg, and the counties of York, James City, Gloucester, and Matthews.
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WORX | Hot Stocks09:06 EDT American Energy Partners signs LOI for reverse merger with SCWorx - American Energy Partners announced it has signed a Letter of Intent to be acquired by SCWorx Corp, a Nasdaq listed company under the ticker symbol "WORX." The LOI sets forth the proposed terms and conditions pursuant to which SCWorx and American Environmental intend to effect a business combination, as a result of which American Environmental and SCWorx's healthcare data management business will each be conducted through wholly-owned subsidiaries of SCWorx. SCWorx anticipates that the Proposed Transaction will be structured as a share-for-share exchange, with SCWorx shareholders retaining 17% and American Environmental retaining 83% of the issued and outstanding shares of common stock of SCWorx, after giving effect to a $6 million capital raise by American Environmental, which is a condition to completion of the Proposed Transaction. The LOI has binding and non-binding components. The binding components require among other things that American Environmental provide SCWorx $150,000 of working capital, as well as cover its costs to complete the Proposed Transaction. In addition, both parties are restricted from engaging in discussions with other parties about an acquisition or other transaction similar to the terms of the Proposed Transaction. Upon execution of a definitive agreement, SCWorx will file a Current Report on Form 8-K with more details regarding the Proposed Transaction, including the proposed capitalization of SCWorx upon the closing of the Proposed Transaction. SCWorx previously engaged Stanton Park Capital, a boutique investment bank, to advise it in connection with the process of reviewing strategic opportunities available to SCWorx, including the Proposed Transaction. The Proposed Transaction has been approved by the Boards of Directors of both SCWorx and American Environmental and is expected to close in the first quarter of 2024. The Proposed Transaction will be structured either as a stock for stock exchange, in which American Environmental becomes a wholly owned subsidiary of SCWorx post-closing, or as a "reverse triangular merger," in which a subsidiary of SCWorx will merge with and into American Environmental, with American Environmental being the surviving entity. Because SCWorx will issue more than 20% of the issued and outstanding shares of its common stock to the shareholders of American Environmental in the Proposed Transaction, SCWorx must obtain approval from its stockholders in order to issue the shares in the Proposed Transaction pursuant to Rule 5635(d) of The Nasdaq Stock Market LLC. In addition, the closing of the Proposed Transaction is subject to satisfaction of the following conditions: satisfactory completion of due diligence review by both parties, the negotiation, execution, and delivery of the definitive agreement and any related agreements thereto, American Environmental raising $6 million of equity, concurrently with the closing, satisfactory completion of an audit of American Environmental's financial statements, approval of the final terms of the Proposed Transaction by the Board of Directors of SCWorx and American Environmental, and approval by American Environmental shareholders, as well as other customary closing conditions. There can be no assurance that the Proposed Transaction will be completed as currently contemplated, or at all.
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CCLD | Hot Stocks09:05 EDT CareCloud welcomes Biotic to the talkEHR family - CareCloud announced Biotic, a specialty HomeHealth provider focusing on wound care management, has joined the growing list of healthcare professionals utilizing the comprehensive talkEHR platform. This all-inclusive solution will enable Biotic, led by Bunmi Sanwoola, to streamline her practice and provide top-quality care to her patients
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IBRX | Hot Stocks09:04 EDT ImmunityBio announces resubmissionof N-803 or Anktiva BLA to FDA - ImmunityBio announced it has completed the resubmission of its Biologics License Application BLA to the U.S. Food and Drug Administration FDA for N-803 Anktiva , a first-in-class IL-15 superagonist, plus Bacillus Calmette-Guerin BCG for the treatment of BCG-unresponsive non-muscle-invasive bladder cancer carcinoma in situ with or without Ta or T1 disease. The BLA is supported by the results of ImmunityBio's studies in bladder cancer including the pivotal QUILT-3.032 study published in NEJM Evidence1 in November 2022. An update of the duration of response regarding the responders identified by the FDA in the efficacy population for BCG unresponsive subjects with high-risk CIS disease was provided in the BLA resubmission. This update demonstrated a prolonged duration of remission in responding subjects, with a median duration of CR not yet reached with a follow-up in responders exceeding 28 months, and a safety profile as reported previously. The updated duration of CR in these responding BCG-unresponsive subjects showed that the probability of maintaining a CR for = 24 months was 60%, with a cystectomy free rate at = 24 months of over 90%. I Of the 6 subjects available for follow-up 6 out of 6 subjects demonstrated long-term complete remission with bladder preservation over a median survival period of 8.8 years and all 6 subjects have avoided a cystectomy to date.
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TTOO | Hot Stocks09:03 EDT T2 Biosystems announces amendment, extension of CRG term loan agreement - T2 Biosystems announced the amendment and extension to its Term Loan Agreement with CRG Servicing/ The amendment extends both the interest-only period and the maturity date by one year from December 31, 2024 to December 31, 2025, and permanently reduces the minimum cash covenant from $5,000,000 to $500,000. No other material amendments were made to the Term Loan Agreement.
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OUT BCE | Hot Stocks09:03 EDT Outfront Media to sell Canadian business to Bell Media for C$410M in cash - Outfront Media (OUT) and Bell Media announced that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly-owned subsidiary of BCE (BCE). The purchase price is C$410M in cash, subject to certain adjustments and a holdback. The transaction is expected to close in 2024, subject to regulatory approval and other closing conditions. As of December 31, 2022, Outfront Media's Canadian business operated 9,325 total displays in the country and generated revenues of $91.9M during that year.
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NSTS | Hot Stocks09:02 EDT NSTS Bancorp announces expansion of mortgage lending department - NSTS Bancorp announced the expansion of the bank's residential mortgage lending department with the hire of the Oak Leaf Community Mortgage team, which consists of Philip LaGiglia, SVP Residential Lending, two senior mortgage loan originators, Joseph LaGiglia and David Holmes and an additional support staff of seven
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DTST | Hot Stocks09:02 EDT Data Storage launches strategic sales, marketing initiative - Data Storage announced that it has launched a strategic sales and marketing initiative designed to capitalize on the growing demand for its products and services. "We are excited to launch this new sales and marketing initiative as we are witnessing a growing demand for our solutions that we intend to capitalize on," commented Chuck Piluso, CEO of Data Storage Corporation. "As part of our strategy, we have hired multiple new sales representatives who are dedicated to driving and securing new clients, allowing us to capitalize on our effective lead generation program underway, as well as progress discussions with potential clients on our nurture list. In addition, and equally important, is our new Major Accounts program. This program is focused on increasing our penetration within existing enterprise and middle-market accounts, in order to take advantage of up-selling and cross-selling opportunities. We believe these strategic initiatives will allow us to secure additional high-margin subscription-based contracts with high-profile clients across various industries. We look forward to realizing the benefits from these hires and new programs, which we believe will further enhance our growth."
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AJG | Hot Stocks09:02 EDT Arthur J. Gallagher acquires Rosenzweig Insurance Agency - Arthur J. Gallagher acquired Mineola, New York-based Rosenzweig Insurance Agency. Terms of the transaction were not disclosed. Rosenzweig Insurance Agency is a full-service insurance broker with pharmacy expertise serving a diverse client base of small and medium-sized businesses as well as individuals throughout the United States. Larry Rosenzweig, Lynn Rosenzweig Derby and their team will remain in their current location and operate as part of Gallagher Agency Alliance under the direction of Jen Tadin, managing director of Gallagher's Global Small Business practice. Gallagher Agency Alliance is a newly launched merger & acquisitions model targeting agencies that specialize in small business property/casualty insurance and employee benefits.
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CTRM | Hot Stocks09:01 EDT Castor Maritime announces sale of M/V Magic Sun, M/V Magic Phoenix - Castor Maritime announces that on October 6, 2023 and October 16, 2023, respectively, the Company entered into two separate agreements with two unaffiliated third parties for the sale of the M/V Magic Sun, a 2001-built Panamax bulk carrier vessel, for a price of $6.55 million and M/V Magic Phoenix, a 2008-built Panamax bulk carrier vessel, for a price of $14.0 million. Both vessels are expected to be delivered to their new owners during the fourth quarter of 2023. The Company expects to record during the fourth quarter of 2023 a net gain of approximately $1.0 million from the sale of the M/V Magic Sun, excluding any transaction-related costs, and a net loss of approximately $2.6 million from the sale of the M/V Magic Phoenix, excluding any transaction-related costs.
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LPLA | Hot Stocks09:00 EDT LPL Financial: Daria Schumacher joins broker-dealer, RIA, custodial platforms - LPL Financial announced Daria Schumacher has joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with existing firm Balmville Wealth Group/ She reported having served approximately $150 million in advisory, brokerage and retirement plan assets, and joins LPL from Cetera Investors. Based in Latham, NY, Schumacher's desire to live life to the fullest inspires the work she does each day to help clients navigate the intricacies of the investment world and retirement planning. As "someone who loves math and loves people," Schumacher said financial planning captured her interest early on as a teenager growing up in Poland.
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INPX | Hot Stocks09:00 EDT Inpixon trading resumes
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WKME | Hot Stocks08:59 EDT WalkMe launches Propel Partner Progam - WalkMe announced Propel, a new partner program tailored to give global and regional services integrators as well as ISV/tech alliance partners a head-start in harnessing the rapidly-expanding Digital Adoption Platform market. The new experience of the program offers existing and new partners the foundation to unlock enterprise-scale revenue streams delivering consistently brilliant, personalized, and responsive digital experiences for joint customers. Propel allows participants to join WalkMe's growing ecosystem of hundreds of partners. Offering four levels of participation - Strategic, Premier, Select, and Certified - partners will benefit from enhanced interaction and interfaces, ultimately driving expansion into global markets, maximizing outcomes for clients.
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ROK | Hot Stocks08:53 EDT Rockwell Automation to acquire Verve Industrial Protection, terms undisclosed - Rockwell Automation announced it has signed a definitive agreement to acquire Verve Industrial Protection, a cybersecurity software and services company that focuses specifically on industrial environments, expanding the offerings of Rockwell with an industry-leading asset inventory system and vulnerability management solution. The acquisition is subject to customary approvals and is expected to close in the first quarter of Rockwell's fiscal year 2024. At close, Verve will report into Rockwell's Lifecycle Services operating segment.
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AMTD HKD | Hot Stocks08:52 EDT Officers of AMTD IDEA and AMTD Digital will not sell any equity until Oct. 2026 - AMTD IDEA Group AMTD and AMTD Digital announced that both of organizations have received undertakings from the relevant parties that AMTD Group and the executive officers of AMTD IDEA and AMTD Digital will not sell any equity securities they own in AMTD IDEA and AMTD Digital in the open market for three years effective immediately, or until October 23, 2026. In particular, Dr. Calvin Choi has confirmed that he will not sell any of his holdings in the open market for five years effective immediately, i.e. October 23, 2028. Dr. Feridun Hamdullahpur, Chairman of AMTD IDEA, and Chairman of Executive Management Committee of the Group, mentioned, "The Group, including its listed subsidiaries AMTD IDEA and AMTD Digital, is on the path of our multi-businesses build-out and entrepreneurship journey under the Group's 'IDEA' strategy in strong and resilient ways amidst the world's overall economic challenges and geopolitical uncertainties. The Group has well developed into a conglomerate to include a comprehensive financial services platform, a digital media, culture and entertainment platform, a hospitality and premium services platform, and a focus into talent cultivation and premium education platform. The boards of directors of the Group and both of the listed companies, together with Dr. Calvin Choi and all executive officers of the two listed companies have full confidence in the Group's core values and we are all committed to contributing and supporting the long-term sustainability of the Group, including the continued growth and global expansion of the two listed companies without hesitation." Dr. Timothy Tong, Chairman of AMTD Digital, and CEO of AMTD Charity Foundation, stated, "The declaration of a long-term core holding of equity securities in AMTD IDEA and AMTD Digital by the relevant parties, particularly including Dr. Calvin Choi and all executive officers, represents a loud and clear message about our confidence in the overall strengths and the long-term values of the Group and its subsidiaries. We will stay committed and focused on delivering long-term values to our shareholders."
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SYTA | Hot Stocks08:43 EDT Siyata Mobile enters distribution agreement with GetWireless - Siyata Mobile has entered into a distribution agreement for its SD7 handsets and accessories with GetWireless, a value-added distributor of cellular solutions that connect the Internet of Things. GetWireless has decades of experience working exclusively with channel partners in the IoT, mobility, in-building connectivity, fleet tracking and other wireless markets. It engages strategically with its partners to provide programs that fit numerous business models and facilitates top reseller programs.
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KFS | Hot Stocks08:42 EDT Kingsway Financial signs $7.9M agreement to acquire NICR - Kingsway Financial Services announced the signing of a definitive agreement to purchase 95% of the shares of National Institute of Clinical Research, a provider of clinical trial site management and recruitment services for nephrology, cardiometabolic, infectious diseases and gastroenterology. NICR participates in the development of innovative and life-saving therapies through its dedication to and focus on clinical research. NICR combines the use of the latest technologies, streamlined clinical operations, and extensive access to a diverse population to deliver the highest quality clinical trials for life-changing therapies. Under the terms of the definitive purchase agreement, Kingsway will acquire 95% of the shares of NICR for $7.9 million, representing a 6.9 multiple of trailing twelve month adjusted EBITDA. NICR generated revenues of $6.6 million and adjusted EBITDA of $1.2 million for the trailing twelve months ended June 30, 2023. The remaining 5% will remain with the seller. The transaction, which is subject to certain closing conditions, is expected to close in the first quarter of 2024. Kingsway expects to fund the purchase price with a mix of cash on hand and third-party financing. Upon closing, Kingsway expects to host a conference call to discuss the transaction.
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JAGX FLHLF | Hot Stocks08:40 EDT Magdalena Biosciences initiates preclinical study to evaluate plant extracts - Jaguar Health announced that Magdalena Biosciences, Inc., the joint venture recently formed by Jaguar and Filament Health, to develop novel, natural prescription medicines derived from plants for mental health indications, has initiated a preclinical study in Brazil to evaluate two plant extracts for their potential to treat depression, anxiety, attention-deficit/hyperactivity disorder and other possible neuropsychiatric conditions initially in adults. Analysis of the FDG PET scans will be done by Dr. Eduardo A. Zimmer of the Universidade Federal do Rio Grande do Sul in Porto Alegre, Brazil. The Zimmer Lab is comprised of a multidisciplinary team with expertise in conducting refined non-invasive imaging studies in small animals and humans. Dr. Elaine Elisabetsky, who has general responsibility for coordinating resources and principal investigators for this project in Brazil, is one of the world's leading ethnopharmacologists. She is a consultant to both Magdalena Biosciences and Jaguar and is a member of the scientific strategy team for Jaguar's Entheogen Therapeutics Initiative. Identification of plants best suited for these studies were done as part of the ETI, which aims to discover and develop groundbreaking, novel, natural medicines derived from psychoactive plants for treatment of mood disorders, neurodegenerative diseases, addiction, and other mental health disorders. The Magdalena Biosciences joint venture emerged from Jaguar's ETI.
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QUISF | Hot Stocks08:38 EDT Quisitive Technology povides update regarding reconstitution of board - Quisitive Technology Solutions provides the following update regarding the reconstitution of the Company's board of directors announced on October 12, 2023. In the weeks prior to the October 12, 2023 announcement, the Company engaged with its shareholders about Quisitive's strategic direction and board composition. During those discussions, Quisitive communicated that it was open to reconstituting its board in a manner consistent with the best interests of the Company and all its shareholders. One group of shareholders, including Shawn Skelton, Elmcore Group Inc. c/o Felix Danciu, Jason Hardy and Scott Hardy, had previously publicly indicated that it wanted majority control of Quisitive's board to execute on an undefined business plan. After discussions with other shareholders, the Company concluded that there was not broad support for the demands of the Dissident Group. Nevertheless, the board determined that it was prepared to invite two of the individuals currently being put forward as director nominees by the Dissident Group to join Quisitive's board as part of a consensual board reconstitution being discussed with other shareholders. After having listened to input from other shareholders and having considered his background and experience, the board also determined that it would not support the third individual put forward by the Dissident Group to join the board as it did not believe that the individual's involvement on the board would be in the best interests of the Company and all its shareholders. After discussions with the Dissident Group broke down, the board continued to move forward with its plan to reconstitute the board in accordance with the recommendations of its independent directors and having regard to the Company's engagement with shareholders. As a result, the Company announced on October 12, 2023 that one director had resigned, and two new independent directors had been added to the board, bringing the total number of directors to six. The two new directors, Nick Lim and Darcy Morris, are well known to and deeply respected within the Canadian institutional shareholder community and bring meaningful experience and expertise in public board governance, and public markets. The reconstituted board is committed to providing effective and independent oversight, governance, and strategic direction to the Company, and will take all actions necessary to create sustainable shareholder value at Quisitive. The reconstituted board looks forward to reporting on progress being made in due course. The Company does not intend to further respond to public statements by the Dissident Group, as the reconstituted board remains focused on the pursuit of the Company's business objectives for the benefit of all shareholders.
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ALAR | Hot Stocks08:37 EDT Alarum's NetNut launches new website to enhance marketing, sales capacity - Alarum Technologies announced that NetNut, its wholly owned subsidiary, launched its new website. The new website is expected to enhance NetNut's sales and marketing reach, providing easy, fast and user-friendly access to its variety of solutions. "We are thrilled to introduce our enhanced website, designed with our users in mind. This upgrade reflects our commitment to providing a seamless and engaging online experience. Our goal is to make it easier than ever for our online users to access the information they need, connect with our brand, and explore the valuable resources we offer. To streamline and simplify customer interactions, we have enhanced our website to provide easy access to our solutions, effectively linking customers to our robust network, one of the strongest and most reliable in the market, processing billions of customer's requests," said Shachar Daniel, Chief Executive Officer of Alarum.
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WLDS | Hot Stocks08:36 EDT Wearable Devices expands Mudra licensing program - Wearable Devices announced the expansion of its Mudra gesture technology licensing program to include defense and military applications, in response to the increasing demand within this sector. The Company has already received requests for quotes from leading global defense and homeland security companies seeking to evaluate Mudra technology for potential integration into their own products and operations. Asher Dahan, CEO of Wearable Devices, commented, "Our expansion into the defense and military sector reflects the expanding demand for our technology and the variety of applications our technology can enhance and support. We've been approached by several leading defense and homeland security companies that have recognized the potential of our Mudra gesture technology in their products and operations. As defense technology becomes an imperative part of the defense industry, our customizable and user-friendly gesture solutions are ideally suited for the direction in which this market is headed."
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VEON | Hot Stocks08:36 EDT VEON board, management delegation visit Ukraine - VEON sent a senior delegation to Ukraine consisting of members of the VEON Board and Management. The delegation will visit Kyiv and Lviv, meeting with Kyivstar employees, Kyivstar's community support projects, government officials and representatives of diplomatic missions. The delegation's visit follows VEON's announcement on 9 October 2023 that it has closed the sale of its Russia operations and completed its exit from Russia - one of the most significant corporate exits given VEON's public listing and the relative size of the asset. VEON had committed USD 600 million to Ukraine's recovery and reconstruction over the next years during the "Ukraine Recovery Conference" in London in June. VEON is the parent company and the sole owner of Kyivstar, the largest telecoms operator in Ukraine, that serves 25 million customers and has kept Ukraine connected through extremely challenging conditions. Headquartered in Amsterdam, the Netherlands, VEON is a Nasdaq- and Euronext Amsterdam-listed company with a global investor base that includes US, EU and UK individuals and institutions, and does not have a controlling or majority shareholder. VEON recently responded to speculation on Kyivstar ownership with a statement re-asserting that it is the sole and rightful owner of Kyivstar and that it intends to use all available avenues to preserve the rights of VEON and Kyivstar.
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MULN | Hot Stocks08:35 EDT Mullen Automotive provides update on lawsuit - Mullen Automotive announces an update on the lawsuit the Company filed on Aug. 29, 2023, in the United States District Court, in the Southern District of New York, against TD Ameritrade, Charles Schwab, National Finance Services and others alleging that those broker dealers engaged in a scheme to manipulate the share price of the Company's securities. The lawsuit seeks compensatory damages and injunctive relief from Defendants arising from their unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934. On Oct. 19, 2023, Judge Analisa Torres issued an order that directed the parties as follows: Plaintiff shall file its amended complaint by Nov. 30, 2023; The parties shall jointly file their case management plan by Dec. 15, 2023; As a part of the case management plan, the defendants will be required to file their motion to dismiss by a date certain, other key dates for both sides will be agreed to and/or ordered by the Court. This should expedite the Court's ruling on defendants' motion to dismiss. Assuming a favorable ruling for plaintiff, discovery will commence thereafter.
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OPRT | Hot Stocks08:35 EDT Castlelake to provide $200M private structured financing solution to Oportun - Castlelake announced the entry into a new agreement whereby certain of Castlelake funds and affiliates, will provide a $200 million private structured financing solution to Oportun. Under the terms of the agreement, Oportun will use the funds to finance the origination of its personal loan products. The transaction follows a $400 million whole loan flow sale agreement between the two companies, through which Castlelake will acquire personal loan production originated by Oportun over the next 12 months.
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QLGN | Hot Stocks08:34 EDT Qualigen Therapeutics announces poster highlighting Pan-RAS inhibitor platform - Qualigen Therapeutics announces a poster presentation on the Company's Pan-RAS platform at the American Association for Cancer Research Special Conference in Breast Cancer Research, held October 19th to 22nd at the Westin San Diego Bayview. "The RAS pathway continues to be an area of immense interest within the scientific community and biopharmaceutical industry. Due to the prevalence and severity of RAS-driven tumors, there is a high unmet need to discover and develop more broadly acting RAS-targeted compounds. We believe a pan-RAS approach may potentially overcome KRAS G12C resistance that affects depth and duration of responses of emerging therapies," commented Michael Poirier, Qualigen's Chairman and CEO. "We are grateful for our partnership with Dr. Geoff Clark and his team at the University of Louisville, who have demonstrated the therapeutic potential of our approach to RAS." RAS is seldom mutated in breast cancer, but it is often hyperactivated by upregulation of positive regulator activity or down-regulation of negative regulator activity. These effects are particularly common in Luminal B breast cancer. As a result, we have developed a series of novel direct Pan-RAS inhibitors that exhibit a distinct binding mechanism to other currently described RAS inhibitors.Poster highlights included: Our RAS inhibitors suppressed the interaction of RAS with its downstream mitogenic effectors and suppressed RAS signaling pathways in Luminal B breast cell model systems. Our Pan-RAS compounds inhibited 3D growth at doses that have little effect on normal 2D growth and are active against in vivo xenograft breast tumors and can be orally available.
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INPX | Hot Stocks08:33 EDT Inpixon announces spin-off and merger of SAVES UK Business with Damon Motors - Inpixon announced that it has signed a definitive agreement under which its wholly owned subsidiary, Inpixon Ltd., a division of Inpixon's statistical analytics and visualization for engineering and sciences business based in the United Kingdom, will be acquired by private Canadian company, Damon Motors, a British Columbia company, and the maker of the acclaimed HyperSport electric motorcycle. The Damon HyperSport is expected to be one of the safest, smartest, and most powerful motorcycles available in the market. Damon concurrently announced that it has obtained approximately $85M in pre-production consumer reservations for its motorcycles. The enterprise value of Damon was ascertained by Inpixon's independent financial advisory firm to be within the range of $224M-$284M. This transaction is in addition to and independent of the pending merger transaction between Inpixon and XTI Aircraft, which remains on track for an anticipated closing this quarter. Inpixon has established October 24, 2023, as the record date for stockholders entitled to vote for the XTI Transaction at the special meeting, in lieu of the 2023 annual meeting of shareholders of Inpixon. Inpixon plans to contribute all the outstanding capital stock of Inpixon UK to Inpixon's newly formed British Columbia subsidiary, Grafiti Holding, followed by a spinoff of all the outstanding capital stock of Grafiti owned by Inpixon to the holders of Inpixon's outstanding capital stock, and certain other securities as of a record date to be determined. Following the merger between Grafiti and Damon, holders of Grafiti Shares, including Inpixon Securityholders and management holding Grafiti Shares immediately prior to the closing of the Business Combination, are anticipated to retain approximately 18.75% of the outstanding capital stock of the combined company determined on a fully diluted basis, which includes up to 5% in equity incentives, which may be issued to Inpixon management. Inpixon will also purchase a convertible promissory note from Damon in the principal amount of $3 million and warrants to purchase common shares of Damon for an aggregate purchase price of $3 million. Upon the closing of the Business Combination, the Damon Note and Warrants will be exchanged for common shares of the combined company and warrants to purchase common shares of the combined company in accordance with the terms of the definitive agreements. No securities of Inpixon will be issued in connection with the Business Combination. Following the completion of the Business Combination, Inpixon UK and Damon will be wholly owned subsidiaries of Grafiti, Grafiti will adopt a new name to be determined by Damon, and the combined company will be listed on the Nasdaq Stock Market, subject to Nasdaq approval of an initial listing application. The transaction has been approved unanimously by the Boards of Directors of both Inpixon and Damon subject to necessary approvals and the satisfaction of customary closing conditions. Inpixon will retain its Industrial Internet of Things business line and continue to work towards the completion of the XTI Transaction. Inpixon believes that pursuing these opportunities will offer multiple opportunities for its shareholders to maximize the value of their investment in Inpixon.
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DDD | Hot Stocks08:33 EDT 3D Systems selected by Icon Technologies to accelerate mold production - 3D Systems has purchased an EXT 1270 Titan Pellet 3D printer. The company is renowned for providing innovative custom thermoformed solutions to its OEM customers for a variety of industrial applications including recreational vehicles, building products, and HVAC systems. With the addition of the EXT 1270 Titan Pellet 3D printer to its manufacturing floor, Icon believes they will produce large thermoforming molds with dramatically increased speed and significantly lower costs. "Icon has long-standing customer relationships and is highly regarded for delivering high-quality molds," said Brad Mount, global director, business development - Titan, 3D Systems. "As the first manufacturer in Canada to add an EXT 1270 Titan Pellet 3D printer to their manufacturing workflow, they are demonstrating their commitment to continuous innovation, while also paving the way for their customers to transform their businesses. We take pride in our collaboration with Icon, both through the work of our Application Innovation Group which validates materials and print processes for Icon's applications, as well as our global support network. I look forward to seeing how Icon is able to grow its business as it maximizes the benefits of this new system."
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IMNN | Hot Stocks08:32 EDT Imunon CSO to present at third International Vaccines Congress - IMUNON announces that Khursheed Anwer, Ph.D., IMUNON's executive vice president and chief science officer, will highlight the Company's vaccine development work at the 3rd International Vaccines Congress being held in Boston October 23-26. Dr. Anwer will present "A DNA-based Vaccine Technology Independent of Virus or Device," at 2:00 p.m. Eastern time on October 23rd. His presentation describes the multiple advantages of the Company's PlaCCine modality over current commercial vaccine platforms, including more durable antigen expression and T-cell responses versus protein and mRNA vaccines. In addition, preclinical studies show that PlaCCine elicits better antibody response kinetics following a single dose and demonstrates better shelf-life of at least 12 months at 4 degrees C and at least two weeks at 37 degrees C, thus offering superior commercial handling and distribution properties versus mRNA vaccines as well as greater manufacturing flexibility. Compared with viral or other DNA vaccines or protein vaccines, PlaCCine vaccines have advantages in T-cell responses, safety, compliance and manufacturing flexibility. The presentation may be viewed on the Company's website in the Scientific Presentations section here. The presentation highlights immunogenicity data and the development status of IMNN-101, the Company's lead PlaCCine clinical candidate. IMNN-101 is designed to protect against the SARS-CoV-2 Omicron XBB1.5 variant in accordance with the U.S. Food and Drug Administration's Vaccines and Related Biological Products Advisory Committee's June 2023 announcement of the framework for updated COVID-19 doses. IMUNON is targeting the first quarter of 2024 for submitting an Investigational New Drug application to the FDA and enrolling the first subject in a Phase 1 trial in April 2024, with rapid advancement into a Phase 2 trial by mid-2024. The presentation also describes the versatility of the PlaCCine modality, demonstrating the activity against Marburg and influenza viruses in collaboration with the Wistar Institute, and activity against Lassa virus being evaluated at the NIH/NIAID.
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APLM | Hot Stocks08:32 EDT Apollomics announces efficacy of vebreltinib in NSCLC patients - Apollomics announced the presentation of vebreltinib efficacy and safety data from the KUNPENG clinical trial at the European Society of Medical Oncology Congress, ESMO, 2023, being held in Madrid, Spain from October 20-24, 2023. In the Phase 2 KUNPENG clinical trial conducted by Apollomics' China partner, Avistone Biotechnology, vebreltinib showed efficacy in patients with locally advanced or metastatic NSCLC harboring Exon-14 skipping mutations, with an ORR of 75%. Among other notable findings in the KUNPENG study, ORR and disease control rate were 100% in patients with brain metastases and ORR was 66.7% in patients with liver metastases. Preliminary efficacy and safety data from the Phase 2 KUNPENG clinical trial is presented in poster 1378P. The data from NSCLC patients with MetEx14 skipping mutation showed the following efficacy results: Of the 52 patients, 39 achieved complete or partial response, an ORR of 75%, median duration of response of 15.9 months, a high disease control rate of 96.2%, and a notably rapid onset of response with a median time to response of 1 month. In the 35 treatment-naive patients, ORR was 77.1%, with median DOR of 16.5 months. In the 17 patients who received prior systemic treatment, ORR was 70.6%, with median DOR of 15.3 months.
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BLNK MCD | Hot Stocks08:30 EDT Blink Charging installs electric vehicle charges at five McDonald's locations - Blink Charging (BLNK) announced the installation of Level 2 Blink IQ200 electric vehicle chargers at five restaurant locations throughout Puerto Rico. The installation was marked by a launch event providing EV drivers with free charging at select locations. Customers can now charge their EVs while they dine-in at the following locations: Montehiedra, Las Cumbres, Mayaguez Terrace, Ponce by Pass, and Fajardo. The installation of charging stations by Arcos Dorados, the largest independent McDonald's (MCD) franchisee in the world, and Blink aims to promote the adoption of electric vehicles in Puerto Rico. The agreement further establishes Blink's presence in the Latin American market. To date, Blink has successfully sold or deployed chargers across eight countries in LATAM since entering the market in 2020. EVs are expected to continue to grow in demand throughout Latin America, with a forecasted 5.4 million EVs on roads in the region by 2030.
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ARDX | Hot Stocks08:28 EDT Ardelyx shares data on IBSRELA via oral presentation, posters - Ardelyx announced that they will share positive data on IBSRELA via an oral presentation and two posters at the American College of Gastroenterology annual meeting, being held October 20 to 25 in Vancouver, Canada. IBSRELA, discovered and developed by Ardelyx, is a first-in-class treatment that is currently approved by the U.S. Food and Drug Administration to treat irritable bowel syndrome with constipation in adults. The oral presentation, titled Tenapanor Treatment Success for IBS-C Symptoms Increases with Duration of Therapy, will share findings from a pooled analysis of the phase 2b and phase 3 T3MPO studies of IBSRELA in adult patients. These studies looked at the effects of the drug on abdominal pain and other IBS-C symptoms. The new post-hoc data presented today evaluate the time to onset of tenapanor effect on bowel function and abdominal symptoms in adult patients with IBS-C. The researchers concluded that these patients experience a relatively quick onset of symptom relief under tenapanor treatment and that weekly response rates continued to increase with treatment duration. The first poster to be presented at the ACG meeting, titled Tenapanor Can Improve Abdominal Symptoms Independent of Changes in Bowel Movement Frequency in Adult Patients with IBS-C, also looks at data from the T3MPO studies. The data showed that tenapanor improved abdominal symptoms regardless of improvement in complete solid bowel movements in adult patients with IBS-C and that improvement in abdominal symptoms without improvement in CSBMs may be a result of tenapanor's novel mechanism of action that has been shown to reduce both intestinal permeability and visceral hypersensitivity in nonclinical studies. The second poster, Improvement in Bloating and Overall Complete Spontaneous Bowel Movement Response with Tenapanor Treatment: A Post Hoc Analysis of the IBS-C Clinical Studies, analyzes data from the T3MPO studies to assess the relationship between improvement in bloating and overall CSBM response in patients treated with tenapanor. This analysis concluded that patients with tenapanor demonstrated a marked improvement in average weekly bloating score, and that patients who had an overall CSBM response had a greater improvement in bloating than those who did not.
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DSS | Hot Stocks08:27 EDT DSS files registration statement on Form S-1 - DSS has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of the Company's wholly-owned subsidiary, Impact Biomedical. DSS, Inc. intends to list Impact Biomedical on the NYSE American exchange. The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions. The Company has engaged Aegis Capital as the exclusive placement agent for the registered direct offering. A registration statement on Form S-1 relating to these securities has been filed with the SEC and has yet to become effective.
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MACE | Hot Stocks08:26 EDT Mace Security obtains $2M revolving loan with GemCap - Mace Security International has obtained a new $2.0 million revolving loan with GemCap Solutions, LLC. The new credit facility replaces the previous $1.5 million bank credit agreement. The new credit facility matures in three years, and bears interest at Wall Street Prime plus 6%, with a floor of 14.25%. The facility is secured by substantially all assets of the Company. The amount drawn under the new credit facility at closing was $1.5 million.
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INPX | Hot Stocks08:25 EDT Inpixon trading halted, news pending
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IMMP | Hot Stocks08:24 EDT Immutep announces new data from TACTI-002 / KEYNOTE-798 Phase II trial - Immutep Limited announces excellent new clinical data from the TACTI-002 / KEYNOTE-798 Phase II trial evaluating eftilagimod alpha, a soluble LAG-3 protein and first-in-class MHC Class II agonist, in combination with MSD's anti-PD-1 therapy KEYTRUDA as first-line treatment for patients with previously untreated unresectable or metastatic non-small cell lung cancer, NSCLC. The updated TACTI-002 data, with a cut-off date of August 15, 2023 and a median follow up of over 2 years, was presented by Dr. Enric Carcereny, Catalan Institute of Oncology, Badalona, Spain, during a Mini Oral session at ESMO Congress 2023 on Saturday, October 21st. Key takeaways include: Promising Overall Survival, Overall Response Rate, Progression Free Survival, and Duration of Response are visible across all PD-L1 subgroups, which clearly differentiates efti in combination with KEYTRUDA from other chemo-free immuno-oncology (IO) combinations for first-line treatment of NSCLC. A significant overall survival benefit was achieved, with a 35.5-month median Overall Survival in patients with TPS greater than or equal to1%, 23.4-month mOS in TPS 1-49%, and mOS not yet reached in TPS greater than or equal to50%. Notably, the mOS in TPS greater than or equal to1% was attained with central assessment of PD-L1 and a larger patient group with central + local assessment of PD-L1, and the 35.5-month mOS compares very favourably to standard-of-care IO, IO-IO, IO-chemo, and IO-IO-chemo therapies; Exceptional durability and quality of responses are increasingly evident with strong overall survival and progression free survival rates across patients expressing PD-L1. The 3-year OS rates are 45.6%, 31.0%, and 63.6% in TPS greater than1%, TPS 1-49%, and TPS greater than50%, respectively. The 12-month PFS rates are 46.8%, 42.1%, and 55.0% for TPS greater than1%, TPS 1-49%, and TPS greater than50%, respectively. The entire patient population regardless of PD-L1 expression (N=114) showed encouraging efficacy with 20.2-month mOS, 21.6-month mDoR, and a 36-month OS rate of 36% despite ~75% of patients having negative or low PD-L1 expression.
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ICAD EKTAY | Hot Stocks08:23 EDT iCAD to sell brachytherapy business line Xoft to Elekta for $5.5M - iCAD, Inc. (ICAD) announced that Elekta (EKTAY) has agreed to acquire Xoft, a subsidiary of iCAD, Inc. for approximately $5.5 million and assumed liabilities. Elekta is taking over the business effective immediately and will make final payment no later than November 6, 2023. By acquiring the Xoft Axxent Electronic Brachytherapy, Elekta will be able to offer electronic brachytherapy technology to provide expanded access to treatment for a range of cancers. Xoft's unique technology provides targeted cancer care expertly tailored to meet patients' personalized needs. The carefully designed Xoft eBx System empowers physicians with full confidence to precisely and effectively treat cancer and enable patients to live healthy, high-quality lives. The versatile Xoft eBx System utilizes breakthrough electronic brachytherapy technology to provide expanded treatment options for a range of cancers. With the Xoft System, highly focused therapeutic radiation of the disease target is possible in a minimally shielded setting, while sparing surrounding healthy tissue. The Xoft System is FDA cleared and CE marked, installed in more than 120 sites in 16 countries around the world and licensed in a growing number of countries for the treatment of cancer anywhere in the body. The Xoft technology is supported by a growing body of evidence for the treatment of early-stage breast cancer, non-melanoma skin cancer, gynecological cancers, and brain cancers. Emerging applications include colorectal, prostate, and pancreatic cancers. The Elekta solutions are used in more than 120 countries and through its global network, the Xoft technology will now be able to reach more patients in need of personalized, precision radiation therapy. The company will provide further updates on the transaction and its impact on cash, balance sheet and operations during its third quarter earnings call. Craig-Hallum Capital Group served as advisor to iCAD for this transaction.
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TPET | Hot Stocks08:22 EDT Trio Petroleum announce option to acquire 40 BCF potential natural gas prospect - Trio Petroleum announced that it has secured a four-month option with exclusivity to acquire a natural gas prospect in the Sacramento Basin with potential to produce an estimated 40 billion cubic feet of gas. The prospect is close to prolific gas fields, has easy access to a gas pipeline with excess capacity and targets gas sands at about 8,000 feet. During the Option period the Company will finalize due diligence including on geophysical, legal, lease, title, pipeline, market, and permit matters. The Company believes that this prospect could potentially provide significant natural gas production and cash flow and that it is a an excellent addition to the Company's growing portfolio of high-quality development and exploration opportunities, diversifying the Company's assets and helping to ensure the success and growth of the Company. Trio's CEO, Michael L Peterson, stated: "We are pleased to have this Option to acquire a potentially significant gas prospect in the Sacramento Basin. We are fulfilling our business plan to make smart acquisitions to help ensure the success of the company and to increase shareholder value. We will continue to search for acquisitions to help diversify and provide significant upside opportunity to our production and cash flow."
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NAMS | Hot Stocks08:20 EDT NewAmsterdam announces appointment of Somaiya as CFO - NewAmsterdam Pharma Company announced the appointment of Ian Somaiya as Chief Financial Officer, CFO. Somaiya is an established healthcare executive with extensive financial and operational expertise, including over two decades of experience on Wall Street as a prominent biotechnology research analyst. Somaiya most recently served as CFO and Chief Business Officer of Elucida Oncology.
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AMAM | Hot Stocks08:19 EDT Ambrx Biopharma announces data from Phase 1/2 APEX-01 study of ARX517 - Ambrx Biopharma announced that in biomarker unselected patients ARX517 monotherapy demonstrated a strong antibody-drug conjugate safety profile at all doses tested with promising early efficacy signals that included PSA50 declines, ctDNA reductions, and RECIST v1.1 tumor response. The two primary objective of APEX-01 are to analyze the safety and tolerability of ARX517 and establish a recommended Phase 2 dose. Data Highlights: As of the data cutoff date, highlights from the safety and efficacy data are summarized below: Deep PSA reductions have been seen with increasing ARX517 dose. PSA reductions deepened as dose levels increased, demonstrating a dose dependent PSA reduction: greater than or equal to50% PSA reduction observed in 25% and 50% of patients at 1.4 mg/kg and 2.0 mg/kg, respectively; greater than or equal to90% PSA reduction observed in 6% and 36% of patients at 1.4 mg/kg and 2.0 mg/kg, respectively; Multiple coinciding efficacy endpoints demonstrate a consistent and promising anti-cancer activity at therapeutic doses of 2.0 - 2.88 mg/kg: 52% patients experienced a greater than or equal to50% PSA reduction; 7 of 14 patients at 2.0 mg/kg; 3 of 6 patients at 2.4 mg/kg; 2 of 3 patients at 2.88 mg/kg; 81% patients experienced a greater than or equal to50% ctDNA reduction; 50% experienced a greater than30% reduction in target lesion, one of which had a reduction in liver and lung lesions. ARX517 demonstrates a strong and differentiated safety profile in heavily pretreated late stage mCRPC patients: No treatment-related SAEs or DLTs were observed; Low drug related discontinuation rate 3%; Grade 3 TRAEs were reported in only 9.2% patients across all cohorts, and only 13% at doses 2.0-2.88 mg/kg; Three patients with lymphopenia, two patients with transient platelet count decrease, and one patient with asymptomatic left ventricular dysfunction that was not deemed serious; No Grade 4 or 5 treatment-related adverse events were reported; Low frequency of Grade 1 or 2 TRAEs, including dry mouth, dry eye and fatigue. Ongoing first-in-human Phase 1 trial enrolled 65 patients who exhausted approved life-extending treatments is representative of late line mCRPC patient population: Median 4 with a maximum of 13 prior therapies; 100% received at least one 2nd generation ARPI, 48% of patients received both enzalutamide and abiraterone; 66% of patients received at least one prior taxane, 46% of patients received at least one prior immunotherapy and 17% of patients received at least one prior PSMA-targeted radionuclide therapy. PSA reductions observed in patients who had prior PSMA-targeted radionuclide therapy: 50% of patients treated with a PSMA TRT experienced a greater than or equal to50% PSA reduction at therapeutic doses of 2.0 - 2.88 mg/kg; Deepening PSA response with dose escalation combined with not seeing SAEs and DLTs support continuing dose escalation to higher levels.
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AMG | Hot Stocks08:19 EDT AMG acquires minority equity interest in Ara Partners, terms not disclosed - AMG acquired the minority equity interest in Ara Partners previously held by Capital Constellation, an investment platform managed by Wafra Inc., and certain of its affiliated investment vehicles. Ara Partners is a global private markets firm that invests in the transition to a lower-carbon economy, through investments in companies offering scalable technologies, products, or services that address critical issues of decarbonization across a range of essential industries. Founded by co-Managing Partners Charles Cherington and Troy Thacker, and with a senior management team averaging more than twenty years' experience, Ara Partners' industry, operating, and technical expertise enables collaboration with portfolio companies to bring decarbonization products and services to market efficiently. With approximately $5 billion in assets under management, Ara Partners has generated growth through strong investment performance as demand accelerates for industrial decarbonization solutions to achieve carbon emission reduction goals. The terms of the transaction were not disclosed. Ara Partners' management team will continue to direct the firm's day-to-day operations.
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CEQP ET | Hot Stocks08:18 EDT Glass Lewis recommends Crestwood unit holders vote for Energy Transfer deal - Crestwood Equity Partners (CEQP) announced that leading independent proxy advisory firm Glass Lewis recommends that unitholders vote "FOR" the pending transaction with Energy Transfer (ET) ahead of the special meeting of unitholders scheduled to be held on October 30... In its report dated October 20 Glass Lewis stated:"We believe the terms of the merger are favorable for Crestwood and its stockholders [and] combining into the larger entity would mitigate risks and longer-term challenges associated with Crestwood business that are inherent for a smaller scale company." "
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IPA | Hot Stocks08:17 EDT ImmunoPrecise Antibodies provides update on recent share movement - ImmunoPrecise Antibodies provided an update on its overall growth strategy, particularly in light of recent market developments. IPA remains committed to expanding its contract research organization, or CRO, capabilities and leveraging technology to drive innovation and efficiency. The pioneering work at IPA's subsidiary, BioStrand, reinforces IPA's commitment to investing in cutting-edge biotechnology solutions to support its business partners in their quest to discover and develop novel biologics against the most challenging targets. IPA provides specialized full-service antibody discovery, development and through a BioStrand's integrated platform, designed to enhance customers' drug discovery and development, has begun its limited release through a phased rollout strategy spanning the coming year. The company is currently charging as a fee-for-service with a planned roll-up to a Software as a Service, or SaaS, offering. IPA's first quarter fiscal year 2024, which ended July 31, 2023, reported a record 21.3% increase in revenue compared to the same period last year, but also witnessed IPA's protein manufacturing facility leverage its expanded capabilities, marking a 44% growth year over year. In addition, as a testament to a focus on shareholder value, IPA achieved a reduced quarterly burn to $1.6M Canadian dollars. IPA's focus on operational optimization while continuing to invest in sustainable growth continues in fiscal 2024. IPA does not believe the recent drop in stock price matches the value creation it is building with its growth strategy.
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CBAY | Hot Stocks08:16 EDT CymaBay granted revised Breakthrough Therapy Designation for seladelpar - CymaBay Therapeutics announced that the U.S. Food and Drug Administration has revised the originally granted Breakthrough Therapy Designation for seladelpar to now reflect treatment of primary biliary cholangitis including pruritus in adults without cirrhosis or with compensated cirrhosis. Seladelpar is the only potent, selective, orally active PPARdelta agonist, or delpar, with phase 3 results demonstrating a statistically significant improvement in PBC-related cholestatic pruritus. The FDA's original Breakthrough Therapy Designation for seladelpar was granted in 2019 and was based on preliminary results from a Phase 2 clinical trial, which showed that seladelpar was associated with a substantial reduction in serum alkaline phosphatase. The updated Breakthrough Therapy Designation of seladelpar was granted based on additional evidence provided to the Agency, which supports that seladelpar may provide substantial improvement over existing therapy based on a reduction in alkaline phosphatase and pruritus in patients without cirrhosis or with compensated cirrhosis.
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FDMT | Hot Stocks08:14 EDT 4D Molecular receives EMA PRIME designation for 4D-150 - 4D Molecular Therapeutics announced that the European Medicines Agency, EMA, has granted Priority Medicine, PRIME, designation for the investigational genetic medicine candidate 4D-150 for intravitreal treatment of wet age-related macular degeneration. PRIME designation is granted by the EMA to enhance support for the development of medicines that target an unmet medical need and offers the opportunity to accelerate review of the marketing applications to bring such medicines to patients sooner. The designation follows positive interim Phase 1 PRISM clinical data for 4D-150 that demonstrated an encouraging safety, tolerability and clinical activity profile. "We are thrilled that the EMA has awarded PRIME designation to intravitreal 4D-150," said David Kirn, M.D., Co-founder and Chief Executive Officer of 4DMT. "We believe this designation, which is only awarded to one-quarter of applications, validates the promising clinical data to date with 4D-150 in wet AMD patients and the potential to offer major therapeutic advantages over existing treatments. We are efficiently advancing 4D-150 development for treatment of both wet AMD and DME patients, both of which represent large market opportunities. This designation enables enhanced support from the EMA and provides the potential for expedited regulatory review."
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TARA | Hot Stocks08:14 EDT Protara Therapeutics doses first patient in Phase 2 STARBORN-1 trial of TARA-002 - Protara Therapeutics announced that dosing is now underway in the Phase 2 STARBORN-1 trial evaluating TARA-002, an investigational cell-based immunopotentiator, for the treatment of pediatric patients with lymphatic malformations. STARBORN-1 is a Phase 2 single-arm, open-label, prospective clinical trial to evaluate the safety and efficacy of intracystic injection of TARA-002 for the treatment of macrocystic and mixed cystic LMs in participants six months to less than 18 years of age. Including an age de-escalation safety lead-in, the trial will enroll approximately 30 patients who will receive up to four injections of TARA-002 spaced approximately six weeks apart. The primary endpoint of the trial is the proportion of participants with macrocystic and mixed cystic LMs who demonstrate clinical success, defined as having either a complete response (90% to 100% reduction from baseline in total LM volume) or substantial response as measured by axial imaging.
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BTBT | Hot Stocks08:13 EDT Bit Digital launches new AI business, procures NVIDIAH100 GPUs - Bit Digital launched Bit Digital AI, a new business line that will provide specialized infrastructure to support generative AI workstreams. The company has commenced Bit Digital AI operations by signing a binding term sheet with a customer to support their GPU-accelerated workloads. Under the agreement, Bit Digital will provide the customer with rental services for a minimum of 1,024 GPUs and a maximum of 4,096 GPUs. The total number of GPUs, contract length, and corresponding unit pricing will be determined upon signing the master service agreement. Bit Digital has agreed to purchase 132 FusionOne HPC from xFusion Digital Technologies, a global provider of digital infrastructure and services, for approximately $35M. The GPUs are expected to be delivered to the company by the end of 2023 and will be deployed at a Tier-3 datacenter. Bit Digital intends to finance the purchase with a mix of cash on hand, digital assets on the balance sheet, new equity issuance, and potentially equipment financing. Bit Digital has entered into a binding term sheet to provide cloud-based GPU resources to a customer with an initial contract duration spanning one to three years. For the minimum 1,024 GPUs, Bit Digital expects the contract to generate between approximately $23M and $27M in annual revenue. The maximum contract value for 4,096 GPUs with a three-year contract term exceeds $250M worth of revenue. Revenue generation is expected to begin in January 2024, and the contract is expected to contribute substantially higher margins than the Company's existing business operations. Bit Digital will source additional GPUs in the event the finalized contract exceeds the minimum 1,024 figure and expects to be able to take delivery of such additional GPUs during fiscal Q1 2024.
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SIGA | Hot Stocks08:13 EDT Siga Technologies announces joint procurement mechanism by EC - SIGA Technologies announced the creation by the European Commission's, EC, DG HERA of a joint procurement mechanism under which 13 participating countries from the European Union and the European Free Trade Association can efficiently order oral TPOXX. Based on commitments from EU member countries, it is currently anticipated that $18 million in approximate value of oral TPOXX will be initially ordered by EU countries under this mechanism within the next 60 days. Orders through the joint procurement mechanism will result in country-level procurement of oral TPOXX. Under the joint procurement mechanism, countries in the EU will acquire courses of oral TPOXX in the near term, and be able to efficiently order additional courses of oral TPOXX in the future as long as minimum quantity thresholds are met. "With the creation of a joint procurement mechanism, there are now multiple paths in Europe for efficient procurement of oral TPOXX," said Phil Gomez, CEO of SIGA. "These protocols, through which every country in the EU can access oral TPOXX, highlight the importance of addressing the long-term impact and risks of orthopox viruses such as smallpox and monkeypox." Orders under the joint procurement mechanism are expected to bring total TPOXX orders in 2023 to approximately $164 million. A substantial percentage of these orders are expected to be delivered in 2023.
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ABM | Hot Stocks08:12 EDT ABM completes rollout of proprietary ABM EV Charging Network - ABM has completed the rollout of its proprietary ABM EV Charging Network, powered by its cloud-based ABM EV OS software in collaboration with Noodoe. Further elevating ABM's comprehensive single-source EV infrastructure solutions, this network will unlock personalized customer experiences while improving EV charger uptime. Amid a recent nationwide decline in driver satisfaction with public Level 2 charging, facility owners and operators across industries have been challenged to provide new solutions that recognize the importance of service, maintenance, and driver experience when installing and maintaining public EV chargers. A recent report by J.D. Power indicated roughly one in five public charging attempts fail, leading to driver frustration and dissatisfaction. To combat this trend, ABM is proud to announce the nationwide roll out of its EV Charging Network to pair with its other customized turnkey solutions for virtually every commercial application, allowing for the design and implementation of the right EV strategy. This comprehensive approach encompasses charger equipment, installation, maintenance, and upgrades, ensuring a seamless and reliable EV charging experience for both facility owners and drivers.
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GLTO | Hot Stocks08:11 EDT Galecto presents data at ESMO Congress, update on Phase 1b/2a GALLANT-1 trial - Galecto presented a poster with new and encouraging clinical data, including two additional partial responders, from the dose-finding Part A of its Phase 1b/2a trial at the European Society of Medical Oncology, ESMO, Congress 2023 in Madrid, Spain. The GALLANT-1 trial is designed to study the combination of atezolizumab and GB1211, Galecto's first-in-class, oral small-molecule galectin-3 inhibitor candidate, in the first-line treatment of patients with metastatic/advanced non-small cell lung cancer. At the recommended Phase 2 dose level of 100 mg GB1211 twice daily, investigator-assessed objective tumor responses were observed in three of five patients who received GB1211 for at least three weeks. Response rates of only 22-38% have been observed with atezolizumab monotherapy in the first-line treatment of advanced NSCLC, suggesting a potential benefit of adding GB1211 to atezolizumab. The Company believes that GALLANT-1 is the first clinical trial to show that combining an oral galectin-3 inhibitor with a checkpoint inhibitor may enhance the effect of checkpoint inhibitors. Overall, the combination of GB1211 100 mg and atezolizumab appeared to be well-tolerated, with predominantly Grade 1 and Grade 2 treatment emergent adverse effects observed. At the 200 mg twice daily dose-level, two severe dose-limiting skin reactions were observed that may indicate lymphocyte activation in line with the GB1211 mode of action, which resulted in a reduction to the 100 mg GB1211 dose level. Importantly, these skin rashes were not observed at the recommended Phase 2 dose level of 100 mg GB1211 twice daily. As part of Galecto's recently announced strategic alternative process, Galecto has determined that it will not initiate Part B of the GALLANT-1 trial and will instead reallocate its resources to focus on the treatment of severe liver diseases. Galecto will continue to supply GB1211 100 mg for the upcoming investigator-initiated Phase 2 trial at Providence Portland Medical Center's Earle A. Chiles Research Institute. This trial, which is expected to be initiated in early 2024, will evaluate the safety and efficacy of GB1211 in combination with pembrolizumab. Galecto plans to explore external options for partnering and/or funding additional oncology-focused activities for GB1211 as part of its strategic alternative process.
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SYY | Hot Stocks08:11 EDT Sysco awarded contracts for commercial driving testing in Florida, Texas - Sysco Corporation has been awarded contracts that allow its Central Florida and North Texas sites to become full-service Commercial Driver's License test sites. Together with its locations in Baltimore and Denver, a total of four Sysco sites have achieved this designation. In addition, all new delivery partners attend Sysco's Operations Academy to ensure a positive onboarding experience and learn the "Sysco Way" of operating safely and providing excellent customer service. Sysco Central Florida recently tested its first cohort of students and achieved a 100% pass rate. Following licensure, they will begin their Sysco career as Delivery Partner Trainees at their home site. Sysco North Texas will test their first cohort of students in November.
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ALZN | Hot Stocks08:10 EDT Alzamend Neuro submits AL001-MDD01 IN application to FDA - Alzamend Neuro announced that it has submitted an investigational new drug, or IND, application to the FDA for the initiation of study AL001-MDD01, a Phase IIA plasma/brain pharmacokinetics clinical study of AL001 for adjunctive treatment of patients with MDD.
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GNSS | Hot Stocks08:10 EDT Genasys announces New Hampshire DOS division selects Genasys Protect - Genasys announced that the New Hampshire Department of Safety's Division of Emergency Services and Communications, who manages statewide emergency messaging, has replaced its emergency notification system with Genasys Protect to keep its residents and visitors informed of critical public safety messaging from the state as well as local municipalities and severe weather-related notifications.
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ALKS | Hot Stocks08:09 EDT Alkermes presents first clinical data for ALKS 2680 in narcolepsy - Alkermes announced preliminary results, including initial proof-of-concept data, from a phase 1 study evaluating ALKS 2680, the company's novel, investigational orexin 2 receptor agonist in development for the treatment of narcolepsy. The ongoing phase 1 study is evaluating the safety, tolerability, pharmacokinetics and pharmacodynamics of ALKS 2680 in healthy volunteers and patients with narcolepsy or idiopathic hypersomnia via once-daily, oral administration. Initial data from the single- and multiple-ascending dose evaluations in healthy volunteers and the first cohort of four patients with narcolepsy type 1 will be presented at the 2023 World Sleep Congress in Rio de Janeiro. Single administration of each dose strength of ALKS 2680 achieved statistically significant, clinically meaningful improvements compared to placebo in wakefulness. In the four patients with NT1, treatment with ALKS 2680 demonstrated improved sleep latency compared to placebo at all doses tested, with a clear dose response. The differences between ALKS 2680 and placebo were statistically significant for all doses. Treatment with ALKS 2680 resulted in clinically meaningful improvements in MWT from baseline at all doses tested. ALKS 2680 was generally well tolerated across all doses tested in the patients with NT1. There were no serious AEs or AEs leading to discontinuation. These data support further evaluation of ALKS 2680 as a potential treatment for narcolepsy.
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AMZN | Hot Stocks08:09 EDT Amazon's CCU and Prada collaborate to help get a counterfeiter's guilty plea - Amazon's Counterfeit Crimes Unit (CCU), the Prada Group, and other luxury brands collaborated to provide information and evidence to Chinese law enforcement, which resulted in a counterfeiter's guilty plea to crimes related to the sale of counterfeit luxury products.This is a unique and landmark case in the fight against counterfeiters and a turning point for Intellectual Property rights owners. The plea represents a rare instance where a criminal referral from the CCU resulted in a criminal judgment primarily based on the evidence of overseas counterfeit sales records and fulfillment center inventory records outside of China, and not on seized counterfeit products..."The guilty plea is a significant win for Amazon's CCU, but more importantly it's a win for all of those who share our commitment to tackling the industry-wide issue of counterfeiting," said Kebharu Smith, director of Amazon's CCU. "This successful result would not have been possible without the collaboration with law enforcement and luxury players such as the Prada Group. We are grateful for their support and look forward to continuing to take the fight to counterfeiters."
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OPRT | Hot Stocks08:09 EDT Oportun Financial launches Spanish-language version of savings app - Oportun announced that it has launched the Spanish-language version of its #1 rated savings app, according to Bankrate. This release also includes the addition of improved savings features, giving members a more seamless product experience with more options on how the app saves for them. The following updates are now available for all savings members: Spanish-Language Capability: Members who have selected Spanish as the default language on their phone will be able to experience the app's full capabilities in their native language. Improved Algorithm Controls: Members have more control over the savings algorithm's behavior, allowing them to: Pause all savings across all goals Set a maximum transfer amount across all goals Set a "safe saving level" or a minimum checking balance after which the algorithm stops saving Recurring Savings Goals: Members can create goals that repeat for recurring expenses. Updated Daily Savings Breakdown: Members can see how their savings are allocated across goals.
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PDSB | Hot Stocks08:08 EDT PDS announces preliminary study results of subset of patients in VERSATILE-002 - PDS Biotechnology announced immune response data from a preliminary analysis of a subset of patients in VERSATILE-002, the Phase 2 clinical trial evaluating the safety and efficacy of PDS0101 in combination with Merck's anti-PD-1 therapy KEYTRUDA in patients with human papillomavirus 16-positive recurrent or metastatic head and neck squamous cell carcinoma, HNSCC. The data presented during the European Society for Medical Oncology Congress 2023 provided preliminary insight to the pre-existing immune responses in advanced HPV-positive HNSCC patients and potential changes to the immune profile after treatment. "Generation of multifunctional, anti-tumor T cells with the relevant cytokine and chemokine profiles are necessary for effective long-term control of tumor growth and clinical outcomes. This initial study focused on understanding the immunological profile of advanced head and cancer patients in the blood," said Kevin Harrington, PhD, Professor of Biological Cancer Therapies, The Royal Marsden. "This preliminary study suggests that PDS0101 may promote a TH1 predominant cytokine profile as well as induction of important T cell activating chemokines. Such studies could be helpful in providing further insight into how PDS0101 in combination with KEYTRUDA alters T cell cytokine and chemokine profiles to promote improved clinical outcomes." Highlights of the analysis include: combination of PDS0101 and KEYTRUDA appears to lead to changes towards a TH1 predominant cytokine profile reported to be associated with improved killer T cell activity; Combination of PDS0101 and KEYTRUDA(R) resulted in increased polyfunctionality reflected in T cells expressing 5 or more cytokines. Increased polyfunctionality is typically associated with enhanced killing function and anti-tumor activity.
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ENPH | Hot Stocks08:08 EDT Enphase Energy launches IQ8 microinverters, IQ batteries in Greece - Enphase Energy has entered the solar market in Greece with the introduction of IQ8 Microinverters, with peak output AC power of 384 W, and IQ Batteries. The Greece Ministry of Environment and Energy has launched a subsidy program in a strategic effort to expand deployments of solar-plus-battery storage systems and reach its goal of building two gigawatts of residential solar capacity by 2030. This program covers up to 65 percent of solar system costs and approximately 90 percent of battery costs, helping to expand clean energy access for Greek homeowners. Subsidized solar and battery systems are selected to participate in Greece's net-metering program to support the grid during peak load shifts.
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FNV | Hot Stocks08:07 EDT Franco-Nevada: Cobre Panama mining concession contract enacted into law - Franco-Nevada is pleased to announce that it has been advised by its partner First Quantum Minerals that, on October 20, 2023, Law 406, which approves the refreshed mining concession contract for the Cobre Panama mine, was enacted into law in Panama. First Quantum noted that the enactment of Law 406 marks the final step in revising the legal framework for the Cobre Panama mine.
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ESMT | Hot Stocks08:07 EDT EngageSmart to be acquired by Vista Equity for $23.00 per share in all cash - EngageSmart announced that it has entered into a definitive agreement to be acquired by an affiliate of Vista Equity in an all-cash transaction valued at approximately $4B. Under the terms of the agreement, EngageSmart stockholders will receive $23.00 per share in cash upon completion of the proposed transaction. The purchase price represents a premium of approximately 23% to the unaffected closing price of EngageSmart's common stock on October 4, and a premium of approximately 30% over the volume weighted average price of EngageSmart's common stock for the 30 days ending October 4. Upon completion of the transaction, affiliates of Vista will hold approximately 65% and affiliates of General Atlantic, a leading global investor, will hold approximately 35% of the outstanding equity. A special committee of EngageSmart's board comprised of independent directors, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal and other potential value creation opportunities for EngageSmart. Transaction negotiations were led by the special committee and following its unanimous recommendation, the EngageSmart board of directors unanimously approved the merger agreement with Vista and agreed to recommend that EngageSmart stockholders vote to adopt the merger agreement. EngageSmart has entered into support agreements with affiliates of General Atlantic and Summit Partners, owners of 52% and 14% of the fully diluted stock of the company, respectively, under which they have agreed to vote all of their shares in favor of the transaction, subject to certain terms. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and receipt of customary regulatory approvals, as well as the affirmative vote of the holders of a majority of the outstanding shares of the company's common stock held by stockholders other than affiliates of General Atlantic and certain officers of the company. Vista intends to finance the transaction with fully committed equity financing that is not subject to a financing condition. Upon completion of the transaction, EngageSmart will become a privately held company and EngageSmart common stock will no longer be listed on any public market. The definitive agreement includes a 30-day "go-shop" period that will expire at 11:59 PM ET on November 22, which permits the special committee and its financial advisors to solicit and consider alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and the company does not intend to disclose developments with respect to the "go-shop" process unless and until it determines such disclosure is appropriate or is otherwise required.
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SLE | Hot Stocks08:06 EDT Super League Enterprise presents at Esports and Gaming Business Summit - Super League announced its participation in the Esports and Gaming Business Summit 2023. The company will be prominently represented on two dynamic panel presentations. Matt Edelman, President and Chief Commercial Officer of Super League, will join a panel of industry leaders and share his expertise in a lively discussion about Using Esports and Gaming to Reach Gen Z. Moderated by Brag House CEO and Chairman Lavell Juan, Matt will be joined by Gary Wolf, US Account Director, The McDonald's Division, The Coca-Cola Company, former Head of Marketing and Content at TSM, SM Lahti, and United Esports Founder and CEO, Felix LaHaye. Together they will explore the dynamic world of gaming that has captured the hearts and attention of Gen-Z consumers and will discuss where they've found success in getting a generation so used to free content to invest in their brands. In a separate panel, Zach Hahn, SVP of Partnerships at Super League will be moderating a conversation about interactive and immersive spaces that make up the metaverse, where young consumers spend a significant amount of time. Joining Zach on stage in a panel titled The Future of Brand Engagement: Why immersive gaming platforms matter and need to be in your marketing plan will be Justine Higueras, Director of Emerging Partnerships at Roblox, Samantha Lim, SVP of Gaming Strategy and Innovation at Publicis, and Mason Bates, Head of Gaming and Esports at Verizon. In this session, panelists will explore how to capitalize on emerging trends in digital experience platforms like Roblox, how to create and sustain a meaningful presence, and share the latest strategies and tactics to produce immersive content that resonates with a brand's target audience. They'll also discuss why this emerging social media channel needs to be an integral part of everyone's media mix, both to stay ahead of the competition and to be at the forefront of where brands and consumers will form the strongest relationships in the coming decade and beyond.
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AMN | Hot Stocks08:06 EDT AMN Healthcare announces it will acquire MSDR for $300M - AMN Healthcare announced a definitive agreement to acquire MSDR for a purchase price of $300 million. MSDR consists of two healthcare staffing companies that specialize in locum tenens and advanced practices, Medical Search International and DRW Healthcare Staffing. "We are very excited to welcome the MSDR team into the AMN Healthcare family and expand the workforce solutions available to our clients across the country," said AMN Healthcare President and Chief Executive Officer Cary Grace. "Now more than ever, it is critically important that healthcare systems have streamlined access to the services, technologies, and healthcare professionals needed to support the patients and communities they serve. This acquisition is the result of our continued dedication to meet the needs of our clients, who I am confident will see the breadth and value of our services increased with this acquisition of MSDR." The acquisition positions AMN Healthcare for substantial revenue growth in locum tenens. MSDR revenue was $104 million in 2022, and year-to-date annualized 2023 revenue is approximately $155 million. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to close in the fourth quarter of 2023. For income tax reporting purposes, the acquisition of DRW will be treated as an asset purchase, resulting in a step-up in the tax basis of the intangible assets acquired. With the acquisition of MSDR, AMN Healthcare's portfolio of solutions will expand to provide clients with a larger and more diverse candidate pool that includes healthcare professionals that specialize in some of the most needed, in-demand services.
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AWH | Hot Stocks08:05 EDT Aspira Women's Health establishes new clinical advisory board - Aspira Women's Health has established a Clinical Advisory Board as an element of its overall mission to develop and distribute high-impact diagnostic tools for gynecologic disease. The Clinical Advisory Board will provide clinical input and guidance throughout the development of the Company's portfolio of products. Each member of the board is a recognized thought-leader with deep clinical expertise in gynecologic health. The Clinical Advisory Board, which will be chaired by Dr. Twiggs, includes the following initial members: Levi S. Downs, Jr., M.D., M.S., Medical Director for Gynecologic Oncology, Park Nicollet Health System, Methodist Hospital; Nisha Garg, M.D., M.S., FACOG, Gynecologic Surgeon, Arizona Gynecology Consultants; Tamika Sea, M.D., FACOG, Founder and Owner, Advanced Women's Care Center
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FOXO | Hot Stocks08:05 EDT FOXO Technologies completes strategic review, provides update - FOXO Technologies announces it has completed its strategic review, following recent management changes, and provided a business update on the Company's progress and plans. Mark White, Interim CEO of FOXO Technologies, stated, "Since taking the helm just over a month ago, FOXO's new management team has initiated a significant restructuring of the business, including rationalizing costs across the organization while settling outstanding commercial issues. In particular, we have reduced headcount expenses by approximately 65% and have begun the process of divesting certain assets within FOXO Life, the former business-to-business, agency-focused model, which is expected to further reduce our operating expenses and burn rate going forward. Most importantly, we are leveraging new artificial intelligence technologies to both enhance our efficiency, as well as cost-effectively drive our new direct-to-consumer go-to-market strategy. This includes our new subscription-based app under development that will utilize existing health and wellness analytic tools, as well as leverage AI, machine learning and epigenetic data, to enhance health, wellness, and longevity."
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TCBP | Hot Stocks08:05 EDT TC Biopharm submits IND application to FDA for use of TCB-008 to treat AML - TC BioPharm announced submission of an Investigational New Drug application to the U.S. FDA for the use of TCB-008 in the treatment of relapse/refractory Acute Myeloid Leukemia. TCB-008, an allogeneic unmodified gamma delta t-cell, is the company's lead product and is currently in Phase 2b trials in the U.K. for the treatment of AML. The IND application leverages pioneering research on the use of Gamma Deltas in the treatment of relapse/refractory Acute Myeloid Leukemia. TCB-008 has been designated Orphan Drug Status in the treatment arena of AML previously.
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ACST | Hot Stocks08:03 EDT Acasti Pharma doses first patient in GTX-104 STRIVE-ON trial - Acasti Pharma announced enrollment of the first patient in the Company's pivotal Phase 3 STRIVE-ON safety trial. UTHealth Houston is the first site to enroll an aSAH patient in the STRIVE-ON trial. The Company previously announced alignment with the U.S. Food and Drug Administration on the protocol and dosing regimen for the STRIVE-ON trial, at which time the FDA provided guidance regarding a potential New Drug Application submission for GTX-104, currently anticipated in the first half of calendar 2025. GTX-104 has already been administered in over 160 healthy subjects in prior Phase 1 trials and has a well-established safety profile. GTX-104 has the potential to disrupt the oral nimodipine dosage form and become the standard of care in aSAH patients addressing critical unmet medical needs. Acasti also recently hosted a virtual key opinion leader event featuring W. Taylor Kimberly, MD, PhD who discussed the high unmet medical need and current treatment landscape for patients suffering from aSAH.
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MDT | Hot Stocks08:03 EDT Medtronic receives FDA approval for extravascular defibrillator - Medtronic has received U.S. FDA approval for the Aurora EV-ICD MRI SureScan and Epsila EV MRI SureScan defibrillation lead to treat dangerously fast heart rhythms that can lead to sudden cardiac arrest. The Aurora EV-ICD system is the first-of-its-kind to provide the life-saving benefits of traditional, transvenous ICDs with a lead (thin wire) placed under the breastbone, outside of the heart and veins. The Aurora EV-ICD delivers lifesaving defibrillation, anti-tachycardia pacing, and back-up (pause-prevention) pacing therapies via a device similar in size, shape, and longevity to traditional, transvenous ICDs.
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JAZZ | Hot Stocks07:49 EDT Jazz Pharmaceuticals presents data on Xywav solution for narcolepsy - Jazz Pharmaceuticals announced new data that examine the comorbid risk of cardiovascular disease in patients with narcolepsy and idiopathic hypersomnia as well as the effect of sodium intake on cardiovascular health. The company will also present results from the real-world TENOR study on individualized dosing regimens for adults with type 1 or type 2 narcolepsy transitioning to low-sodium Xywav oral solution from high-sodium Xyrem solution. Xywav is the first and only low-sodium oxybate approved in the U.S. for the treatment of cataplexy or excessive daytime sleepiness in patients 7 years of age and older with narcolepsy and for the treatment of idiopathic hypersomnia in adults. This substantial reduction could allow patients switching from Xyrem to Xywav to achieve a daily sodium intake target of 2,300 mg, and ideally 1,500 mg. Two presentations underline the importance of low-sodium treatment options to help manage cardiovascular risk in patients with narcolepsy and idiopathic hypersomnia. Analysis found that there were no clinically meaningful differences from baseline in systolic blood pressure in those who initiated treatment with low-sodium Xywav during the 10- to 14-week open-label study periods. A separate presentation on findings from a systematic review of literature evaluating the relationship between sodium intake and clinical outcomes demonstrated some statistically significant associations between higher sodium intake and certain cardiovascular and cardiometabolic outcomes. These studies demonstrate that low-sodium therapies can help patients with narcolepsy and idiopathic hypersomnia reduce their chronic sodium burden.
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ABCM DHR | Hot Stocks07:48 EDT Glass Lewis recommends Abcam shareholders vote for Danaher acquisition - Abcam(ABCM) announced that leading independent proxy advisor, Glass Lewis, recommended that Abcam shareholders vote "for " Danaher's (DHR) proposed acquisition of Abcam ahead of its shareholder meetings on November 6. Alan Hirzel, Chief Executive Officer of Abcam, said: "Following the publication of Glass Lewis's recommendation on October 21, we're pleased that both of the world's leading proxy advisors support our board's unanimous recommendation that shareholders vote for the proposed sale to Danaher. We are confident this transaction is in the best interests of Abcam and its shareholders, and will deliver an excellent outcome for Abcam's employees and customers. We strongly urge all Abcam shareholders to follow the recommendation of our board, ISS and Glass Lewis and vote for this transaction." In making the recommendations, Glass Lewis stated in their October 21 report: "[We] believe the premium valuation and certainty of value provided by the Scheme Consideration should represent a fairly compelling proposition to most of the Company's shareholders..."
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SUM | Hot Stocks07:46 EDT Summit Materials signs MoU with PCC Hydrogen - Summit Materials, in partnership with its subsidiary Continental Cement Company, L.L.C., entered into a Memorandum of Understanding with PCC Hydrogen, a producer of negative carbon intensity hydrogen. The MoU establishes a formal strategic alliance between Summit and PCCH2 to develop a fuel replacement strategy to lower carbon emissions from its cement manufacturing process. The project aims to deploy negative carbon intensity hydrogen derived from ethanol as a replacement fuel for the existing hydrocarbon fuels used as a source of heat in the cement manufacturing process. Continental Cement will provide its expertise related to the use of alternative fuels in the cement production process, while PCCH2 will develop a plan for the construction of one of its hydrogen production facilities to support the hydrogen needs resulting from the collaboration. It is the first MoU of its kind signed by Continental Cement and represents another positive step toward its efforts related to decarbonizing cement production.
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CWH | Hot Stocks07:44 EDT Camping World set to acquire Travelcamp RV to add 12 locations, no terms - Camping World Holdings announced that it is set to acquire Travelcamp RV. The transaction would add 12 locations across Florida, Georgia, North Carolina, South Carolina, and Texas. The acquired locations are expected to close and transition to Camping World over the next 90 days. Marcus Lemonis, Chairman and CEO of Camping World commented, "This acquisition establishes our presence in new markets and strengthens our position in existing markets. We were attracted to Travelcamp's focus on affordably priced RV segments, particularly with two top manufacturers. After closing, we anticipate these locations to be primarily stocked with either Thor or Forest River products." Mr. Lemonis continued, "We continue to be focused on our goal to increase our dealership count to over 320 locations over the next five years, through a combination of acquisitions, new store openings, and manufacturer exclusive locations."
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FMC | Hot Stocks07:42 EDT FMC Corporation falls 14% to $57.67 after lowering guidance
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MRUS | Hot Stocks07:38 EDT Merus announces Zeno interim data from Phase 1/2 eNRGy trial - Merus announced interim clinical data, as of a July 31, 2023 data cutoff date, from the phase 1/2 eNRGy trial and Early Access Program of the bispecific antibody zenocutuzumab in patients with neuregulin 1 fusion cancer presented by Principal Investigator, Dr. Alison Schram* of Memorial Sloan Kettering Cancer Center at the European Society for Medical Oncology, ESMO, Congress 2023. Observations in the presentation include: As of July 31, 2023 data cutoff date, 105 patients with NRG1+ NSCLC were treated with Zeno. 78 patients with measurable disease were treated by February 13, 2023, allowing for the potential for greater than or equal to 24 week follow-up, and who met the criteria for the primary analysis population. 37.2% overall response rate per RECIST v1.1 by investigator assessment; 61.5% clinical benefit rate; 14.9 months median duration of response and 20 of patients were continuing treatment as of the data cutoff; Durable efficacy of zenocutuzumab, a HER2 x HER3 bispecific antibody, in advanced NRG1 fusion-positive pancreatic ductal adenocarcinoma. Observations in the presentation include: As of July 31, 2023 data cutoff date, 44 patients with NRG1+ PDAC were treated with Zeno. 33 patients with measurable disease were treated by February 13, 2023, allowing for the potential for greater than or equal to 24 weeks follow-up, and who met the criteria for the primary analysis population. 42.4% ORR per RECIST v1.1 by investigator assessment; 1 patient achieved a complete response, and 13 patients achieved a partial response; 72.7% clinical benefit rate; 82% experienced tumor reduction; Of 21 patients evaluable for CA 19-9 levels, 78% showed a greater than or equal to 50% decrease in CA 19-9 values from baseline; 9.1 months median DOR; and 6 patients were continuing treatment as of the data cutoff. Safety findings from both presentations: Zeno demonstrated a well-tolerated safety profile among the 189 NRG1+ cancer patients who were treated with 750 mg Q2W monotherapy, with only 6% of patients experiencing related grade 3-4 toxicities.
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HYZN | Hot Stocks07:38 EDT Hyzon Motors deploys first hydrogen-powered waste collection truck in Australia - Hyzon Motors announced the commercial trial deployment of its first Heavy Rigid fuel cell electric waste collection truck to REMONDIS Australia, one of the world's largest recycling, service, and water companies. The commercial trial is expected to convert to a full vehicle purchase if certain trial performance targets are met. Hyzon's first Heavy Rigid fuel cell electric waste collection truck on the road in Australia as part of a commercial trial deployment with REMONDIS Australia, one of the world's largest recycling, service, and water companies. The first U.S. FCEV waste collection vehicle is in assembly, readying for expected customer trials in the U.S. in 1H 2024. REMONDIS operates in over 30 countries globally, with 39 business locations around Australia servicing more than 24,000 Australian commercial, industrial, and municipal customers.
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STBX | Hot Stocks07:36 EDT Starbox Group launches image-to-video feature in StarboxAI - ViPro - Starbox Group announced the addition of an image-to-video feature in its StarboxAI - ViPro module. This tool harnesses the power of AI to convert static images into dynamic videos, accelerating video production for promotional and marketing materials. The StarboxAI - ViPro's image-to-video feature enables users to input a sequence of images and accompanying text descriptions. The AI algorithm then processes these inputs and synthesizes them into a coherent video sequence, complete with transitional effects and timing that matches the context and theme of the input.
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ORA ENLAY | Hot Stocks07:36 EDT Ormat Technologies to acquire assets in Nevada, Utah, Connecticut for $271M - Ormat Technologies (ORA) announced that it has entered into a purchase agreement with Enel Green Power North America, EGPNA, a subsidiary of Enel SpA (ENLAY), to acquire a 150 MW portfolio, which includes two contracted operating geothermal power plants and one triple hybrid geothermal, solar PV and solar thermal power plant with a total generation of approximately 43 MW, two Solar assets with a total nameplate capacity of 40 MW, and two greenfield development assets, for a total of $271 million. The acquisition of these US-based operating geothermal and solar assets supports Ormat's strategic portfolio expansion goals. The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions. The acquired assets include: Cove Fort geothermal power plant ; Stillwater Hybrid geothermal and solar; Salt Wells geothermal power plant; Stillwater Solar PV II; Woods Hill Solar PV Park; Greenfield development projects. These acquired assets have collectively generated an annual revenue of approximately $35.0 million and an EBITDA1 of approximately $24.0 million for the years 2020-2022. Ormat is committed to a series of value-enhancing growth initiatives for these assets, which include: Enhancement and optimization of Cove Fort, Stillwater, and Salt Wells; Expansion of Cove Fort; Development of two green fields
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INVO | Hot Stocks07:34 EDT INVO Bioscience and NAYA Biosciences sign merger agreement - INVO Bioscience and NAYA Biosciences, a company dedicated to increasing patient access to breakthrough treatments in oncology and regenerative medicine, have entered into a definitive merger agreement for INVO to acquire NAYA Biosciences in an all-stock transaction. NAYA Biosciences' shareholders will receive 7.3333 shares of INVO for each share of NAYA Biosciences at closing, for a total of approximately 18,150,000 shares of INVO. Following the closing of the Merger, the combined company is expected to operate under the name "NAYA Biosciences". Daniel Teper, currently CEO of NAYA Biosciences, will be named Chairman & CEO of the combined company. The merger - which remains subject to certain closing conditions including shareholder approval, an estimated $5M or more in interim private financing in INVO at a premium of INVO's market price at time of financing, and a private offering by the combined company at a target price of $5.00 - values INVO at $12,373,780 and NAYA at $90,750,000. Subject to the Interim PIPE, post-transaction and prior to the private offering, INVO and NAYA shareholders will own approximately 12% and 88%, respectively, of the combined company. Following the merger, NAYA Biosciences plans to operate as a NASDAQ-listed group of companies dedicated to increasing patient access to treatments in oncology, fertility and regenerative medicine. NAYA Oncology has acquired two clinical-stage bispecific antibody assets for the treatment of Hepatocellular Carcinoma and Multiple Myeloma from Cytovia Therapeutics, a biopharmaceutical company focused on immune cell engager bispecific antibodies and gene-edited cell therapeutics, for a consideration in cash and shares at an agreed price of $5 in the merged company. In connection with the Merger, INVO will issue to NAYA more than 80% of its common stock, effectively resulting in a change of control. The Merger has been unanimously approved by the board of directors of each company and is expected to close in Q4. The Board of Directors of the combined company will have six directors nominated by NAYA and one director nominated by INVO.
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SNSE | Hot Stocks07:34 EDT Sensei Biotherapeutics presents poster for Phase 1/2 study of SNS-101 - Sensei Biotherapeutics presented a trial-in-progress poster from the Phase 1/2 clinical trial for SNS-101, a conditionally active, human monoclonal antibody targeting the immune checkpoint VISTA at the European Society for Medical Oncology Congress 2023. The multi-center Phase 1/2 clinical trial is a first-in-human, open-label, dose escalation study evaluating the safety, tolerability, pharmacokinetics, pharmacodynamics and efficacy of SNS-101 as both a monotherapy and in combination with Regeneron's PD-1 inhibitor Libtayo in patients with advanced solid tumors. To date, four patient cohorts have been enrolled in the monotherapy arm. Sensei expects to report initial pharmacokinetic and safety monotherapy data in the fourth quarter of 2023, and topline monotherapy data in 2024. The company has also initiated the combination arm of the study and expects to report initial combination safety and pharmacokinetic data in the first quarter of 2024, with preliminary anti-tumor activity combination data in 2024.
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AMST | Hot Stocks07:33 EDT Amesite enters partnership with Wayne State University Graduate School - Amesite announces it has partnered with The Graduate School of Wayne State University to deliver graduate-level programs. "Our technology enables us to deliver streamlined, no-risk purchase offers, that enable Customers to offer a remarkably wide range of learning programs on their branded platforms. We're redefining the pace and efficiency with which organizations can deliver eLearning." said Amesite CEO, Dr. Ann Marie Sastry.
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IE | Hot Stocks07:13 EDT Ivanhoe Electric announces Ma'aden subscription under top-up right - Ivanhoe Electric announced that Ma'aden, the Company's Joint Venture partner in Saudi Arabia and a 9.9% shareholder, has formally subscribed under its top-up right, as described in the Joint Venture closing news release on July 6, 2023. By exercising its top-up right, Ma'aden maintains its 9.9% ownership in Ivanhoe Electric common stock following the Company's follow-on equity offering in September. Ma'aden will purchase an additional 1,513,650 common shares at $13.50 per share for total gross proceeds of $20,434,275. There are no fees or commissions payable on the Ma'aden subscription, which is expected to close on October 31, 2023, subject to customary closing conditions, including receipt of stock exchange approvals. Ivanhoe Electric intends to use the proceeds to advance its US mineral projects, for working capital and general corporate purposes.
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ONCY | Hot Stocks07:12 EDT Oncolytics presents positive updated Phase 1/2 pancreatic cancer data - Oncolytics announced the poster presentation of positive, updated results from the Phase 1/2 GOBLET study evaluating pelareorep-based combination therapy in patients with pancreatic ductal adenocarcinoma at the European Society for Medical Oncology meeting in Madrid, Spain. "We are very pleased to share such positive and consistent data on pelareorep from the PDAC arm of the GOBLET study, including an impressive overall response rate, 7.2 months of median progression-free survival, interim median overall survival of 10.6 months, and expansion of both pre-existing and new T-cell clones. These data build upon results from previous studies showing the clinical benefit of pelareorep combination therapy in PDAC and support the decision to move to a licensure-enabling study in pancreatic cancer," said CEO Matt Coffey. "...The data we are presenting at ESMO provide a solid foundation as we advance our pancreatic cancer program through the Precision Promise Phase 3 trial in this indication." The treatment combination has been well tolerated with no safety concerns.
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ELBM | Hot Stocks07:12 EDT Electra Battery provides construction update on cobalt refinery project - Electra Battery Materials provided an update on the construction of its battery grade cobalt sulfate refinery, the only facility of its kind being built in North America designed to address the onshoring requirements of the electric vehicle battery supply chain. lectra has in recent weeks received $5M in long-lead, critical equipment, including pressure vessels, tanks, and structural steel, needed for completion of the Corporation's solvent extraction plant and crystallizer circuit. The equipment, some of which had been ordered at the onset of the construction project in Q2 of 2021 and was expected for delivery by Q4 2022, had been delayed by global supply chain disruptions. Installation of the equipment delivered at site will occur as Electra secures its capital funding requirements for the refinery project. Electra's owner's team continues to operate the refinery to complete its black mass recycling trial. The Company's hydrometallurgical complex near Toronto, Canada is fully permitted and has an estimated replacement value of approximately $200M. The Company estimates that an additional US$55.7 to $62M is required to complete construction. Management has been working on a largely non-dilutive funding solution with government and industry stakeholders to address the additional capital needs. Once fully commissioned, the refinery could produce sufficient cobalt for up to 1.5M EVs annually. On July 24 Electra announced that its battery grade cobalt sulfate agreement with LG Energy Solution, a leading global manufacturer of lithium-ion batteries, had been extended and expanded from initial terms. The agreement now provides for the supply of 19,000 tonnes of cobalt contained in sulfate beginning in 2025. The total will represent up to 80% of Electra's expected annual production. "Against the backdrop of our black mass recycling trial and the continued progress of our refinery project, we are focused on addressing our capital requirements and strengthening our relationships with key stakeholders in the broader EV supply chain," said Trent Mell, Electra's CEO. "We remain actively engaged with government stakeholders to secure US$10.9M of previously committed funding. We are also encouraged by recent developments on a larger funding solution to complete construction and commissioning of the refinery."
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NSRCF | Hot Stocks07:12 EDT NextSource Materials announces first bulk shipment oof SuperFlake - NextSource Materials announced it has made its first bulk container shipment of SuperFlake graphite from the Company's Molo Mine in Madagascar. This first shipment of Molo SuperFlake graphite has been sent to the Company's downstream technical partner's Battery Anode Facility to be processed into spheronized, purified graphite that will then be further processed into coated SPG as part of large scale, multi-step verification tests being conducted by automotive EV supply chains in South Korea and Japan. The Company expects to receive its first series of verification test results starting in December 2023. NextSource is intent on becoming a vertically integrated global supplier of graphite anode material with plans to construct, in stages, multiple BAFs capable of producing CSPG at commercial scale in key jurisdictions. Through long-term collaborative partnerships secured with our downstream technical partners, NextSource will leverage its exclusive access to the partner's well-established and best-in-class processing IP for SPG, currently used in multiple OEM supply chains and an EV supply chain-verified coating IP to produce CSPG. The exact same processing equipment, flow sheet and production methods used by the downstream technical partner in their BAFs, will be replicated and deployed in the Company's planned BAFs. The Company is also pleased to announce it has completed commissioning and achieved full operations of its solar and battery hybrid power plant at Molo. The Solar Hybrid Plant is owned and operated by CrossBoundary Energy under a 20-year power purchase agreement and comprises a 2.69 MWp solar photovoltaic array combined with a 1.37 MWh battery energy storage system, and a 3.1 MW thermal generator plant. The entire PV array, incorporating 4,902 photovoltaic panels covering an area of 12,663 square metres has been fully integrated with the BESS.
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STHZF | Hot Stocks07:11 EDT StateHouse announces Ravner resigned from board of directors - StateHouse announced that Marc Ravner has resigned from the Company's Board of Directors effective October 20, 2023, to pursue other opportunities.
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ELDN | Hot Stocks07:10 EDT Eledon Pharmaceuticals appoints Katz as CMO - Eledon Pharmaceuticals announced the appointment of Eliezer Katz, M.D., FACS as Chief Medical Officer, CMO, with responsibility for leading the company's clinical development programs. Dr. Katz is an experienced transplant surgeon with significant clinical development experience. Most recently, he was Chief Medical Officer at eGenesis where he helped lead the clinical development of eGenesis' xenotransplantation programs.
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VKTX | Hot Stocks07:10 EDT Viking Therapeutics completes enrollment in Phase 2 trial of VK2735 - Viking Therapeutics completed patient enrollment in its Phase 2 clinical trial of VK2735, the company's wholly-owned dual agonist of the glucagon-like peptide 1 and glucose-dependent insulinotropic polypeptide receptors. VK2735 is in development for the potential treatment of various metabolic disorders such as obesity. Viking expects to report data from the study in the first half of 2024. The Phase 2 VENTURE trial is intended to evaluate the safety, tolerability, pharmacokinetics, and weight loss efficacy of VK2735, administered subcutaneously, once weekly. The primary endpoint of the study will assess the percent change in body weight from baseline to Week 13 among patients treated with VK2735 as compared with placebo, with secondary and exploratory endpoints evaluating a range of additional safety and efficacy measures. Viking previously reported positive results from a Phase 1 clinical trial of VK2735 in healthy volunteers with a BMI greater than or equal to 30. In the SAD portion of the study, VK2735 demonstrated promising safety and tolerability, as well as a predictable pharmacokinetic profile. In the 28-day MAD portion of the study, VK2735 was well-tolerated and showed positive signs of clinical activity. All MAD cohorts receiving VK2735 experienced reductions in mean body weight from baseline, ranging up to 7.8%. Though limited in sample size, these results may indicate VK2735's potential benefit in patients with various forms of fatty liver disease. The company believes that the tolerability data from the Phase 1 study indicate that higher doses may be achieved with longer titration windows.
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MEIL | Hot Stocks07:10 EDT Methes Energies announces results of lifecycle assessment of bio-based lubricant - Methes Energies International announced the results of a lifecycle assessment that demonstrated and concluded the environmental benefits when comparing the use of a bio-based vs a conventional lubricant, motor or engine oil. The additional benefits of minimizing the use of "non-renewable" resources through the use of plant based raw materials have grown over recent years due to a major emphasis being put on global warming potential and a growing need to reduce the use of valuable and depleting resources. A Life Cycle Assessment was conducted to provide an environmental analysis of the benefits of a bio-based/biodegradable lubricant, B2 BiOil, compared to mineral based counterparts for bar & chain, 5W-30 and 2-cycle motor and engine oils. An LCA provides an analysis of the environmental impacts of each lifecycle stage of the product...from the extraction of raw materials to the disposal of generated waste through landfill disposal and incineration. It's a "cradle to the grave" assessment; and, therefore, includes the lifecycle impacts of raw material planting, harvesting, farming and/or extraction all the way to consumer or customer consumption, recycle, lost in use and disposal of these base oils The results confirmed that Methes' bio-based lubricants had a 29-67% lower carbon footprint than their conventional alternatives. In terms of real world examples, the reduction in impact created by the replacing of just 1% of conventional motor oil consumption in the USA with bio-based lubricants is 626 metric tonnes CO2, which is the equivalent of driving 1,508,447 miles in an average passenger vehicle. In conclusion, replacing 1% of conventional motor oil consumption in the USA with b2 biOil would save around 137 million pounds of carbon dioxide a year. Please visit website for complete details of the lifecycle assessment of bio-based versus conventional oils.
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WAB | Hot Stocks07:09 EDT Wabtec to provide brakes, couplers for 640 MTA NYCT train cars - Wabtec announced it will provide brakes and couplers for 640 MTA New York City Transit, or NYCT, train cars via its client Kawasaki Rail Car, Inc. The multi-million-dollar order for service-proven equipment provides seamless interoperability with other subway fleets in the New York City Transit System. The commonality of brake control components across the fleets benefits the transit authority with maintainability and inventory advantages.
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BITF | Hot Stocks07:09 EDT Bitfarms reaches 240 MW, 6.3 EH/s as Baie-Comeau energizes initial phase - Bitfarms fully energized the first phase of its farm in Baie-Comeau, Quebec, increasing its total operating capacity to 240 MW and its hashrate to 6.3 EH/s. "By fully energizing Baie-Comeau, we increased our corporate operating capacity with cost-effective and clean hydro power and achieved our 6.3 EH/s goal," said Bitfarms CEO Geoff Morphy. "This efficient facility leverages our operating and design expertise. We will continue to manage our balance sheet prudently to be positioned to capture growth opportunities both before and after the next Bitcoin halving, expected in mid-April 2024." Bitfarms acquired Baie-Comeau in July 2023, with the plan to reach 11 MW by the end of Q3 2023 and add another 11 MW when power is made available, which is expected in 2H 2024.
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ADXS | Hot Stocks07:08 EDT Ayala Pharmaceuticals presents updated AL102 results at ESMO congress - Ayala Pharmaceuticals announced that new data from the RINGSIDE study evaluating its lead investigational candidate AL102 for the treatment of desmoid tumors are being presented today at the European Society for Molecular Oncology, ESMO, Congress 2023, taking place October 20th to 24th in Madrid, Spain. RINGSIDE Study Phase 2 and OLE Highlights: The ongoing Phase 2/3 RINGSIDE clinical trial is a randomized, global multi-center study evaluating AL102 in patients with progressing desmoid tumors. The results presented at ESMO reflect a cut-off date as of July 5, 2023. Efficacy Results: 1.2 mg once daily achieved ORR of 83% per RECIST in the evaluable population as assessed by MRI BICR; ORR per RECIST was 64% in evaluable patients across the 3 dose arms; Efficacy results continue to demonstrate a dose-response pattern favoring the 1.2 mg once daily arm; First Partial Responses observed at 16 weeks and 21 additional PRs and 1 Complete Response across all dose arms; Early and deep volume and T2 signal intensity reductions within 16 weeks after starting 1.2 mg once daily; Best overall median reductions of 88% and 85% in volume and T2 signal intensity, respectively, in the 1.2 mg once daily arm at 16.6 months of median time on treatment; Reductions in volume and T2 signal intensity were also observed across biweekly dose arms; 29 patients rolled over to the OLE between Oct 2022 and May 2023, with 27 still on study; Three patients from the 4 mg BIW arm achieved PR after rolling over to the OLE where they received 1.2 mg once daily. Safety: AL102 was generally well tolerated with a manageable safety profile across all dose arms; Adverse events were consistent with gamma secretase inhibitors' mechanism of action. The most frequent treatment-related AEs with 1.2 mg once daily included diarrhea, nausea, fatigue, dry skin, alopecia, stomatitis, dermatitis acneiform, dry mouth, hypophosphatemia, rash maculopapular and aspartate aminotransferase increased. There was one Grade 4 unrelated AE and no Grade 5 AEs. There were no treatment-related serious AEs
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BAM | Hot Stocks07:07 EDT Brookfield appoints Sir Ron Kalifa as head of financial infrastructure - Brookfield Asset Management announced the appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure investments. Ron brings a wealth of experience to his role at Brookfield, including over two decades of building and transforming businesses in the global payments space, and as a Non-Executive Director of the Bank of England's Court of Directors. Brookfield's financial infrastructure strategy focuses on identifying opportunities in digital assets and services that form the backbone of the global financial economy. The strategy typically seeks mature, high-quality companies that are integral components of the financial ecosystem and leverages Brookfield's expertise in growing businesses through operational value creation. Brookfield has invested or committed approximately $5 billion in financial infrastructure companies, including Network International1 and Magnati. The addition of Sir Ron Kalifa to lead this strategy will allow Brookfield to increase our footprint in this critical area of focus.
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FSR | Hot Stocks07:06 EDT Fisker lowers price in U.S. for top-level Fisker Ocean Extreme, adjusts prices - Fisker announced a price reduction for the Fisker Ocean Extreme, the top trim level of the award-winning all-electric SUV. In the US, Fisker is lowering the price of the Ocean Extreme trim by $7,500, to $61,499 from $68,999 1. This price change will go into effect immediately. Customers who have already ordered or purchased an Extreme will receive a $7,500 price adjustment, even if their vehicle has already gone to production. "It is essential that Fisker responds to competitive realities in the rapidly growing EV market," Chairman and CEO Henrik Fisker said. "We want our customers to have greater access to the Ocean and to be able to take advantage of its exciting combination of innovative features, striking design, sustainable materials, and class-leading range." The Fisker Ocean Extreme has a 113 kWh battery pack and an EPA range of 360 miles, which is the longest range of any new electric SUV in its class 2. In addition, on Nov. 6 Fisker is opening calendar year 2024 orders for all trim levels, including the Fisker Ocean Ultra and Sport models, with higher pricing for both. The Ultra will be priced at $52,999, up from $49,999 currently; and the Sport will be $38,999, up from $37,499 currently 1. The Fisker Ocean Ultra has exceeded Fisker's EPA range estimates, achieving an official EPA estimated range of 350 miles 2. The Sport has a Fisker estimated range of 231 miles 3, using a different battery chemistry than Extreme and Ultra. Current Sport and Ultra pricing will remain in effect on all orders completed on November 5. "We are very confident in the continued demand for the Ocean and we expect the Sport and Ultra models to be the highest sellers starting in 2024," Henrik Fisker added. "We expect our overall margins will be unaffected because higher Sport and Ultra pricing, combined with our cost-reduction initiatives and lower input prices, will support the anticipated trajectory of our profits."
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EGLX | Hot Stocks07:06 EDT Enthusiast Gaming announces intention to voluntarily delist from Nasdaq - Enthusiast Gaming Holdings announced that it has notified the Nasdaq Stock Market of its intention to voluntarily delist its common shares from Nasdaq. Shares will continue to trade on the Toronto Stock Exchange. As previously announced in its press release dated May 4, 2023, the Listing Qualifications department of Nasdaq approved the Company's request for a 180-day extension to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1). Although the Company has until October 30, 2023, to regain compliance with the Bid Price Rule, after careful consideration, the Company has evaluated the benefits and costs of continuing its listing on Nasdaq and has concluded that it is appropriate to voluntarily delist from Nasdaq. The Company estimates that it incurs over $2 million of annual costs in connection with maintaining a dual listing, which expenses are expected to increase significantly in future years due to increasing compliance and other regulatory requirements. With the Shares concurrently trading on the TSX, the Company believes the relatively high insurance, listing, reporting, legal and compliance costs that are associated with a continued U.S. stock exchange listing, as well as the administrative burdens and requirements associated with maintaining a dual listing, are not justified at this time. The Company has also concluded that a reverse split of the Company's Shares in order to come into compliance with the Bid Price Rule is not in the best interest of shareholders. The Company intends to file a Form 25 with the U.S. Securities and Exchange Commission on or about October 30, 2023, which Form would become effective 10 days following filing thereof, resulting in the delisting of the Shares from Nasdaq on or about November 9, 2023.
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KZIA | Hot Stocks07:05 EDT Kazia Therapeutics reports data from ongoing Phase 1 EVT801 study - Kazia Therapeutics announces that selected clinical data from the company's ongoing Phase 1 clinical trial evaluating EVT801 in patients with advanced solid tumors was presented at the European Society of Medical Oncology Congress 2023 on Saturday, 21 October 2023. Professor Carlos A Gomez-Roca, (IUCT-Oncopole, Toulouse France) presented data from a correlation analysis of tumour biopsies from six enrolled patients with high grade serous ovarian cancer. To date, twenty patients with advanced solid tumors have been dosed in in the ongoing Phase 1 clinical trial, and the trial has advanced to dose escalation cohort 6. Key Points from the presentation: The hypothesis for EVT801's mechanism of action involves three sequential anti-cancer mechanisms, all of which are thought to contribute to the potential inhibition of tumour growth and metastasis: Preventing tumour growth by impairing both tumour angiogenesis and (lymph)angiogenesis, thereby stabilizing the tumour vasculature, reducing metastasis, and reducing hypoxia in the tumour microenvironment. Enhancing anti-cancer immunity as reflected by a decrease in immunosuppressive cytokines and cells in the circulation and tumour environment. Promoting T-cell infiltration into the tumour, ultimately supporting an enhanced and long-lasting anti-tumour immune response.In a data analysis of biopsies from six HGS-OC patients, high levels of VEGFR3 expression tended to be correlated with the following: Higher levels of hypoxia; Increased immune checkpoint resistance; and Negatively correlated with CD8 positive T-cells infiltration. While these findings would need to be confirmed in patients in other indications, these correlations are encouraging and suggest that patients with hypoxic HGS-OC tumours that are poorly infiltrated with CD8 positive T-cells and with high VEGFR3 expression may benefit from EVT801 treatment.
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GDHG | Hot Stocks07:04 EDT Golden Heaven announces 10% traffic growth during Chinese holidays - Golden Heaven announced that its five operational amusement parks attracted approximate 86,000 visitors during the 2023 Mid-Autumn Festival and National Day holidays, spanning from September 29 to October 6. Despite the temporary closure of Mangshi Jinsheng Amusement Park, which was a strategic decision to explore the future business development of such park, and the impact of rainy weather at some park locations during the Holidays, the number of visitors at the five amusement parks in operation continued to show growth, marking a 10% year-on-year increase and 146% growth over the 2023 Labor Day holiday in China.
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TOVX | Hot Stocks07:04 EDT Theriva Biologics presents data from Phase 1 trial of VCN-01 - Theriva Biologics announced new clinical data from the Phase 1 investigator-sponsored study with the Institut Catala d'Oncologia evaluating VCN-01 in combination with durvalumab for patients with recurrent/metastatic squamous cell carcinoma of the head and neck. These data were presented at the European Society for Medical Oncology Congress, held both virtually and in Madrid, Spain from October 20-24, 2023. The poster titled "Survival Outcomes in Phase I Trial Combining VCN-01 and Durvalumab in Subjects with Recurrent/Metastatic Head and Neck Squamous Cell Carcinoma Refractory to Previous Immunotherapy Treatment," was presented by Maria Jove. Presentation Highlights: Key Takeaway: VCN-01 combined with durvalumab showed encouraging overall survival in patients who previously progressed on anti-PD-1 therapy. Survival: VCN-01 induced upregulation of PD-L1, which correlated with enhanced patient survival. In the concomitant cohort at the 3.31012 viral particles dose, overall survival was 10.4 months and progression free survival was 1.7 months. In the sequential cohort at the 3.31012vp dose OS was 15.5 months and PFS was 3.7, whereas in the SS cohort at the 11013 vp dose OS was 17.3 months and PFS was 2.1 months. VCN-01 induces changes in the immune status of tumors.:VCN-01 combined with durvalumab increased CD8 T cells, a marker of tumor inflammation and the expression of PD-1 in tumors. An increase of PD-1 CPS and CD8 T cells from baseline were found in tumor biopsies. VCN-01 alone increased the CPS score of tumor biopsies at day 8 after administration by 62.5% in the sequential arm. VCN-01 induced PD-1 upregulation with enhanced patient survival. A statistical correlation was observed between CPS on day 8 and patient OS. Pharmacodynamics and shedding of VCN-01 : PH20 expression from VCN-01 peaked on day 3-8 and remained elevated in some patients up to day 42. Quantification of VCN-01 genomes in stool demonstrated viral shedding that peaked at day 8.
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UNCY | Hot Stocks07:04 EDT Unicycive Therapeutics reaches alignment with FDA on path to OLC NDA - Unicycive Therapeutics announced the Company has reached alignment with the U.S. Food and Drug Administration on the path forward for Oxylanthanum Carbonate and on the overall package requirements to file a New Drug Application. As reported in June, in the pre-NDA package shared with the FDA, the Agency requested clinical data in patients to proceed with the filing. Recently, during a Type C meeting with the FDA, the Company and the Agency reached an agreement on the overall data package requirements to file the NDA including clinical data, preclinical data, and CMC. As a reminder, Unicycive intends to file the OLC NDA utilizing the 505(b)(2) regulatory pathway to reference the currently approved drug, Fosrenol. In the Type C meeting, plans were confirmed with the FDA for the pivotal clinical trial. The Agency agrees with the Company's study design of 60 participants to be evaluated for 4 weeks on OLC once participants are titrated to clinically effective doses. The study is designed to evaluate tolerability and the event rate for discontinuation; therefore, there is no statistical analysis required to demonstrate efficacy. No other clinical study is required. We believe that results from this pivotal trial will enhance our safety data package from preclinical studies, and the efficacy data is referenced with Unicycive's previously disclosed bioequivalence study. As of June 30, 2023, Unicycive's cash position was reported as $18.8 million which is expected to last into the second half of 2024 including the ability to start and complete the pivotal clinical trial. The planned clinical trial is expected to be an open-label, single-arm, multicenter, multidose study to evaluate the tolerability of clinically effective doses of OLC in participants with chronic kidney disease (CKD) on dialysis. As a reminder, all approved phosphate binders, including Fosrenol, are administered to patients on a dose titration schedule based on the control of serum phosphate. In Unicycive's clinical trial, once participants have been titrated to a clinically effective dose with a serum phosphate range of less than or equal to5.5 mg/dL, they will be treated for four weeks to evaluate serum phosphate levels.
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NM | Hot Stocks07:03 EDT N Logistics Holdings to acquire Navios Maritime for $2.28 per share in cash - Navios Maritime Holdings and N Logistics Holdings Corporation, a company controlled by the Company's Chairwoman and CEO Angeliki Frangou announced that they entered into a definitive merger agreement, pursuant to which NLHC will acquire all of the outstanding shares of common stock of the Company not already owned by NLHC for $2.28 per share in cash, without interest. The Agreement follows the offer made by an affiliate of Ms. Frangou on September 13, 2023 to acquire the Common Shares. The $2.28 per share price represents a premium of approximately 43% to the closing price of the Company's common stock on September 12, 2023, the last trading day before the Company's announcement of the September 13th offer. As previously disclosed, the Company's Board of Directors formed a Special Committee, consisting solely of independent and disinterested directors, to consider NLHC's offer. The Company's Board of Directors, acting on the unanimous recommendation of the Special Committee, approved the Merger Agreement by unanimous vote of the directors not affiliated with NLHC or its affiliates. The Special Committee, with the assistance of its independent financial and legal advisors, exclusively negotiated the terms of the Merger Agreement on behalf of the Company. The Merger, which is expected to close no later than the first quarter of 2024, is subject to approval of the Merger by the Company's stockholders at a special meeting of the Company's stockholders to be held in due course, as well as other customary closing conditions. The Merger requires the affirmative vote of the holders of a majority of the total votes entitled to be cast by the holders of all outstanding voting shares of the Company, voting together as a single class. An affiliate of NLHC that holds shares representing a majority of the Company's voting power has agreed to vote the shares of the Company owned by it and its affiliates in favor of the Merger.
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FSR | Hot Stocks07:03 EDT Fisker lowers U.S. price for top-level Fisker Ocean Extreme - Fisker announced a price reduction for the Fisker Ocean Extreme, the top trim level of the all-electric SUV. In the US, Fisker is lowering the price of the Ocean Extreme trim by $7,500, to $61,499 from $68,999. This price change will go into effect immediately. Customers who have already ordered or purchased an Extreme will receive a $7,500 price adjustment. The Fisker Ocean Extreme has a 113 kWh battery pack and an EPA range of 360 miles, which is the longest range of any new electric SUV in its class 2.
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ATEC ACON | Hot Stocks07:02 EDT Aclarion announces signing of strategic partnership LOI with Atec - Aclarion (ACON) announced that the Company has executed a non-binding Letter of Intent, LOI, to form a strategic partnership with ATEC Spine, subsidiary of Alphatec Holdings (ATEC). Uniting the unique structural data powered by ATEC's AlphaInformatiX, with the innovative biomarker data that enables Aclarion's Nociscan solution to identify each disc as painful or not, will provide surgeons with unprecedented data across one platform. The platform is designed to improve clinical outcomes while reducing overall procedural costs for patients with chronic back pain. Pat Miles, CEO of ATEC, commented, "Evolving spinal technologies through innovation requires discipline, time, know-how, and resources. This partnership with Aclarion reflects our belief in the importance of biochemical markers within the treatment paradigm. Nociscan is exactly the type of innovation that can advance our shared goal of integrating and advancing technologies that improve the predictability and reproducibility of spine care." Aclarion's proprietary decision-support tool, Nociscan, is the first evidence-supported SaaS platform to noninvasively help physicians distinguish between painful and nonpainful discs in the lumbar spine. The LOI contemplates a multi-step strategic partnership. Under the LOI, ATEC and Aclarion will work together to identify Key Opinion Leader surgeons to evaluate Nociscan technology.
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MIND | Hot Stocks07:02 EDT Mind Technology awarded contract in excess of $5M - Mind Technology announced that its Seamap unit has been awarded an order by PGS Geophysical AS to provide an ultra-high resolution 3-D seismic streamer system for PGS' new energy initiative. The value of the contract, which is expected to be delivered in calendar 2024, is in excess of $5M.
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SHOO | Hot Stocks07:00 EDT Steven Madden acquires Almost Famous - Steven Madden has completed the acquisition of privately held Almost Famous, a designer and marketer of women's apparel. Almost Famous markets products under its own brands, primarily Almost Famous, as well as private label brands for various retailers. Almost Famous has also been the exclusive licensee of Madden NYC apparel since its launch in 2022. Almost Famous had revenue in the 12 months ended September 30 of approximately $163M. The acquisition was completed for $52M in cash, subject to a working capital adjustment, plus an earn-out provision based on future financial performance.
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R | Hot Stocks06:57 EDT Ryder to acquire Impact Fulfillment Services - Ryder entered into a definitive agreement in Q3 to acquire all of the outstanding equity of IFS Holdings, also known as Impact Fulfillment Services - IFS -. IFS specializes in contract packaging, contract manufacturing, and warehousing for some of the largest consumer brands in the U.S., primarily in the consumer packaged goods, retail, and healthcare industries. As part of the transaction, Ryder will acquire 15 operations across Florida, Georgia, Illinois, North Carolina, Ohio, Pennsylvania, Texas, Utah, and California. The transaction is expected to add approximately $250M in annual total revenue to Ryder's supply chain solutions business segment and be accretive to shareholders. Ryder and IFS expect to complete the transaction in early November, subject to satisfaction of antitrust approvals and customary closing conditions. Ryder plans to retain IFS' workforce of approximately 1,000 full-time employees. President of IFS Rob LeBaron will join Ryder as vice president of contract manufacturing and packaging. Founded 25 years ago, IFS specializes in contract manufacturing, contract packaging and assembly, display engineering, product launches, multichannel programs, and club store programs.
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EGRX | Hot Stocks06:53 EDT Eagle Pharmaceuticals granted J-Code and pass-through status for Barhemsys - Eagle Pharmaceuticals announced that Centers for Medicare & Medicaid Services - CMS - has established a unique, product-specific billing code and granted transitional pass-through payment status for Barhemsys injection. The new Healthcare Common Procedure Coding System - HCPCS - Level II code - J-code - and will be effective on January 1, 2024, replacing the C-code which will be discontinued. Beginning October 1, Barhemsys became eligible for separate reimbursement outside of the surgical bundled payment in both the ambulatory surgery center and hospital outpatient department care settings. J-codes are reimbursement codes intended to simplify the claims submission and documentation process, facilitating access for patients. Transitional pass-through payments provide additional payment for new devices, drugs, and biologicals that meet eligibility criteria for a period of at least two years but not more than three years. The granting of pass-through status helps streamline the reimbursement process and facilitates patient access to Barhemsys.
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HOPE | Hot Stocks06:39 EDT Hope Bancorp announces strategic organization - Hope Bancorp announced a strategic reorganization designed to enhance shareholder value over the long term. Accordingly, the company realigned its structure around lines of business and product delivery channels, optimized its production capacity and reduced headcount. The restructuring is expected to generate over $40M in estimated annualized cost savings, largely related to the reduction in staffing, savings from a planned branch rationalization, subject to customary notices and approvals, and operational process improvements. The company expects to recognize one-time charges of approximately $12M in Q4 2023 related to the reorganization.
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VERV | Hot Stocks06:34 EDT Verve Therapeutics: FDA clears IND application for VERVE-101 - Verve Therapeutics announced the lifting of the clinical hold and clearance of its Investigational New Drug application by the U.S. FDA to conduct a clinical trial in the United States evaluating VERVE-101 for the treatment of heterozygous familial hypercholesterolemia. VERVE-101 is an investigational, in vivo base editing medicine designed to be a single-course treatment that inactivates the PCSK9 gene in the liver to durably lower blood low-density lipoprotein cholesterol. HeFH is a prevalent and life-threatening inherited disease characterized by lifelong elevations in blood LDL-C and accelerated atherosclerotic cardiovascular disease.
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AULT | Hot Stocks06:32 EDT Ault Inc. reports preliminary Q3 revenue exceeding $52.5M - Ault Alliance projects a total consolidated revenue of $190M-200M for the fiscal year ending December 31, 2023.
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PSN | Hot Stocks06:27 EDT Parsons wins position on $200M U.S. Army Corps of Engineers dontract - Parsons was awarded a position on a $200M indefinite-delivery, indefinite-quantity multiple award task order contract by the U.S. Army Corps of Engineers Baltimore District. The five-year contract is for studies, investigations, and design work in support of the USACE environmental mission, including Per- and Polyfluoroalkyl Substances investigations at Department of Defense sites, and represents new work for the company. Under this contract, Parsons will be eligible for task order awards that support USACE environmental and related responsibilities, including PFAS investigations at DOD sites nationwide.
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AZN DSNKY | Hot Stocks06:25 EDT AstraZeneca, Daiichi Sankyo's Enhertu approved in EU for certain NSCLC - AstraZeneca (AZN) and Daiichi Sankyo's (DSNKY) has been approved in the European Union as monotherapy for the treatment of adult patients with advanced non-small cell lung cancer, or NSCLC, whose tumors have an activating HER2 mutation and who require systemic therapy following platinum-based chemotherapy with or without immunotherapy, the companies announced.
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FTCH | Hot Stocks06:19 EDT Farfetch receives EU clearance for 47.5% stake in YNAP - The European Commission has unconditionally cleared the acquisition by Farfetch of a 47.5% stake in Yoox Net-a-Porter in exchange for the issuance of Farfetch Class A ordinary shares to Richemont. The EC was the last regulatory authority required to provide clearance. The partnership between Farfetch and Richemont also involves: the acquisition by Symphony Global, one of the investment vehicles of Mohamed Alabbar, of a 3.2% stake in YNAP, making YNAP a neutral online platform for the luxury industry; the adoption by YNAP and the Richemont Maisons of FARFETCH Platform Solutions and; the launch of e-concessions on the FARFETCH Marketplace by most Richemont Maisons. Completion remains subject to certain other conditions that Richemont and Farfetch are working towards fulfilling. Reference Link
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BDRBF | Hot Stocks06:09 EDT Bombardier announces seventh delivery of Global 6000 aircraft to U.S. Air Force - Bombardier recently celebrated the seventh delivery of a Global 6000 aircraft to the U.S. Air Force Battlefield Airborne Communications Node program at the company's Hartford Service Centre, in Connecticut. The BACN aircraft is a specialized communications platform, known in the USAF as the E-11A, that is part of a previously announced multi-year contract representing a potential total value of close to $465M. Bombardier has already delivered six Global aircraft to the BACN program under previous agreements. The USAF has the option to purchase an additional aircraft each year through 2026 under the 2021 contract.
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LICY | Hot Stocks06:09 EDT Li-Cycle pauses construction of Rochester Hub Project pending review - Li-Cycle is pausing construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project. Engineering and procurement for the project are largely complete, with the current focus being on construction activities on site. Li-Cycle has recently experienced escalating construction costs. Accordingly, the company expects the aggregate cost for the current scope of the project to exceed its previously disclosed guidance. In light of these developments, the Board of Directors has decided to pause construction work on the Rochester Hub, pending a review of the project, including an evaluation of the go-forward phasing of its scope and budget, including construction strategy. Li-Cycle continues to work closely with the Department of Energy with respect to the $375M loan commitment through the Advanced Technology Vehicles Manufacturing program for the project, in conjunction with the project review. Li-Cycle expects to release its Q3 financial results on November 13, which will include additional updates on the company's near-term plans and the project review process.
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AIRE | Hot Stocks06:08 EDT reAlpha announces effectiveness of registration statement - reAlpha Tech Corp. announces that its registration statement on Form S-11 was declared effective by the U.S. SEC on October 20, 2023. reAlpha anticipates that its common stock will begin trading on The Nasdaq Capital Market under the ticker symbol "AIRE" on October 23, 2023.
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TSLA | Hot Stocks06:07 EDT Tesla sees CapEx exceeding $9B in 2023 - In a regulatory filing, Tesla said it currently expects capital expenditures to exceed $9B in 2023 and be between $7B-$9B in each of the following two fiscal years. The company said: "Our business has been consistently generating cash flow from operations in excess of our level of capital spend, and with better working capital management resulting in shorter days sales outstanding than days payable outstanding, our sales growth is also generally facilitating positive cash generation. We have and will continue to utilize such cash flows, among other things, to do more vertical integration, expand our product roadmap and provide financing options to our customers. At the same time, we are likely to see heightened levels of capital expenditures during certain periods depending on the specific pace of our capital-intensive projects and other potential variables such as rising material prices and increases in supply chain and labor expenses resulting from changes in global trade conditions and labor availability. Overall, we expect our ability to be self-funding to continue as long as macroeconomic factors support current trends in our sales."
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PODD | Hot Stocks06:05 EDT Insulet's Omnipod 5 app for iPhone granted FDA 510(k) clearance - Insulet has received FDA 510(k) clearance for the Omnipod 5 App for iPhone, offering a tubeless automated insulin delivery system with full control from a compatible Android and iOS smartphone. Since its commercial launch in August 2022 in the U.S., the Omnipod 5 Automated Insulin Delivery System has included the option for smartphone control for customers using compatible Android devices. The Omnipod 5 Pod will soon be controllable from a compatible iPhone. The Omnipod 5 App for iPhone will launch first with the Dexcom G6 Continuous Glucose Monitoring System integration, with a full market release in 2024.
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OOMA | Hot Stocks06:04 EDT Ooma acquires 2600Hz for about $33M in cash - Ooma announced that it has acquired 2600Hz for approximately $33M in cash, subject to customary purchase price adjustments. 2600Hz is expected to add approximately $7M in annual recurring revenue to Ooma. The transaction was completed on October 20, 2023. The purchase price was partially funded by a new $30M revolving line of credit facility with Citizens Bank, N.A. Additionally, following the closing, certain former 2600Hz employees who join Ooma will be granted equity awards under Ooma's 2015 Equity Incentive Plan, subject to vesting conditions.
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FTV | Hot Stocks06:02 EDT Fortive to Acquire EA Elektro-Automatik for $1.45B - Fortive has entered into a definitive agreement to acquire EA Elektro-Automatik, a supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45B in cash, net of $215M of tax benefits from Bregal Unternehmerkapital. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early Q1 2024. Fortive expects to finance the acquisition with available cash and debt financing. The acquisition is expected to be accretive to adjusted gross and operating margins and neutral to modestly accretive to adjusted diluted net EPS in FY24.
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PX GS | Hot Stocks06:02 EDT P10 names Luke Sarsfield as CEO - P10 (PX) announced the appointment of Luke Sarsfield as the company's new CEO, effective immediately. Sarsfield was also appointed a member of the P10 Board of Directors. P10's Co-Founders Robert Alpert and Clark Webb, will continue as members of the P10 Board and have been elected Executive Chairman and Executive Vice Chairman, respectively. In his new role, Alpert will support Sarsfield in corporate matters. Webb will direct his attention toward strategic opportunities and assist Sarsfield in potential corporate transactions. Prior to joining P10, Mr. Sarsfield worked at Goldman Sachs (GS) for over 23 years, where he held numerous senior leadership roles in asset management.
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FANH | Hot Stocks05:51 EDT Fanhua announces joint ventures with Asia Insurance - Fanhua announced a strategic partnership with Asia Insurance, a wholly-owned subsidiary of Asia Financial Holdings. Together, the two companies are forming two joint ventures: a life insurance brokerage company and an insurance technology company. Fanhua will be the majority shareholder of both joint ventures, with a 60% ownership stake in each. Both of the newly established joint ventures will be headquartered in Hong Kong.
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ROIV... | Hot Stocks05:49 EDT Roche to acquire Telavant from Roivant Sciences for $7.1B upfront - Roivant (ROIV) announced the entry into a definitive agreement with Roche (RHHBY) to acquire Telavant, a Roivant company, owned by Roivant Sciences and Pfizer (PFE). The agreement includes the development, manufacturing and commercialization rights in the U.S. and Japan for RVT-3101, a novel TL1A directed antibody. RVT-3101 is a promising new therapy in development for people suffering from inflammatory bowel disease, including ulcerative colitis and Crohn's disease. RVT-3101 has been investigated in the TUSCANY-2 phase 2b study in patients with moderate to severe ulcerative colitis. The global, randomized, double-blinded, placebo controlled trial delivered the first long-term, dose finding data in a large number of patients. The maintenance treatment phase following induction resulted in improved clinical remission and endoscopic improvement at the proposed Phase 3 dose administered subcutaneously every month. Beyond the efficacy results, the maintenance dosing period of RVT-3101 also showed a favorable safety profile across all patients. Under the terms of the agreement, Roche will pay a purchase price of $7.1B upfront and a near-term milestone payment of $150M. Upon closing of the transaction, Roche will have full rights to further develop and manufacture RVT-3101 and commercialize it in the U.S. and in Japan pending clinical and regulatory success. Roche is committed to starting a global Phase 3 trial for RVT-3101 as soon as possible to bring this promising therapy to the patients suffering from inflammatory bowel disease. Outside of the US and Japan, Pfizer holds commercialization rights. In addition, following the closing of the transaction, Roche will also have an option to enter into a global collaboration with Pfizer on a next-generation p40/ TL1A directed bispecific antibody, currently in Phase 1. Telavant was jointly formed by Roivant and Pfizer in 2022 to develop and commercialize RVT-3101 in the US and Japan. Roivant owns 75% of the issued and outstanding shares of common stock and preferred stock of Telavant and Pfizer owns the remaining 25%. The transaction is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. The closing of the transaction is currently expected to take place in Q4 or in Q1 .
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PHG | Hot Stocks05:41 EDT Philips sees FY23 comparable sales up 6%-7% - The company said, "Based on Philips' improved performance year-to-date, the strong order book, and the ongoing actions, the company is further raising the outlook for the full year 2023, although recognizing uncertainties remain in an increasingly volatile geopolitical environment. Philips now expects to deliver 6%-7% comparable sales growth and an Adjusted EBITA margin of 10-11% for the full year 2023, with free cash flow at the upper end of the target range of EUR 0.7-0.9 billion. This reinforces Philips' confidence in delivering on its three-year plan to create value with sustainable impact."
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NBTX | Hot Stocks05:33 EDT Nanobiotix announces updated data from two presentations at ESMO - Nanobiotix announced updated data from two presentations at the 2023 Annual Congress of the European Society for Medical Oncology, or ESMO. The five-year overall survival rate for patients with unresectable locally advanced pancreatic cancer, or LAPC, remains less than 5%. Normally, these patients receive the combination of cytotoxic chemotherapy followed by concurrent chemoradiation if no metastatic progression has occurred. Innovative new treatments that might extend survival and avoid additional harmful side effects are an urgent unmet need for this patient population. With safety, feasibility, and the recommended Phase 2 dose, or RP2D, previously determined and reported, this presentation from The University of Texas MD Anderson Cancer Center explored additional preliminary signals of efficacy from the ongoing Phase 1 study evaluating RT-activated NBTXR3 after cytotoxic chemotherapy for patients with LAPC to potentially inform next steps in clinical trial development. An MD Anderson historical review of 243 patients treated with LAPC at the same center showed: Normalization of the biomarker CA19-9, a surrogate indicator for longer survival, in approximately 17% of patients treated with the standard of care who had elevated CA19-9 levels at diagnosis. Median Overall Survival of 19.2 months in 144 patients who received cytotoxic chemotherapy followed by RT with or without concurrent or maintenance chemotherapy. Comparatively, preliminary data from 17 patients treated with cytotoxic chemotherapy followed by RT-activated NBTXR3 in the Phase 1 LAPC study show: Normalization of CA19-9 in 42% of patients who had elevated levels at diagnosis. An mOS of 23 months from diagnosis. The investigator concluded that these results suggest promising anti-tumor efficacy for NBTXR3 in LAPC.
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GH | Hot Stocks05:27 EDT Guardant Health announces initial results from Pegasus trial - Guardant Health announced that initial results from the Pegasus trial suggest liquid biopsy may be used in post-surgical clinical management to reduce unnecessary toxicity from chemotherapy and improve the response to standard chemotherapy regimens in patients with stage III or high-risk stage II colon cancer. Results from the trial, which is an ISS study sponsored by IFOM ETS - the AIRC Institute of Molecular Oncology in Milan, Italy, and supported by Guardant Health, were presented today by study investigators at the ESMO Congress in Madrid, Spain. One of the first prospective studies using liquid biopsy, the Pegasus trial includes 135 patients recruited from 11 cancer centers in Italy and Spain. The study is assessing the feasibility of escalating or de-escalating adjuvant chemotherapy based on the presence or absence of minimal residual disease, or MRD, as indicated by circulating tumor DNA, or ctDNA, detected by the Guardant Reveal blood test at multiple timepoints. Patients with positive results receive standard chemotherapy, while patients with negative results receive a milder therapy that is associated with significantly less acute and chronic neurological toxicity compared to standard treatment. Liquid biopsy is repeated several times along the course of treatment to reveal opportunities to treat patients safely with lower toxicity regimens, identify therapeutic resistance, and tailor chemotherapy to be stronger when needed. Initial results show that 34% of patients with a liquid biopsy result after surgery had the cancer return, while only 10% of patients with a negative result experienced a relapse. Approximately 40% of patients converted from ctDNA-positive to ctDNA-negative after treatment, suggesting treatment efficacy of chemotherapy for some patients.
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LVWR | Hot Stocks05:22 EDT LiveWire opens reservations for S2 Del Mar, confirms pricing - LiveWire announced it will open reservations for the production version of their new S2 Del Mar electric motorcycle in Europe while confirming pricing per market. LiveWire has begun deliveries of the sold-out Launch Edition in the U.S. The company has also confirmed planned delivery dates for European delivery of both the Launch Edition and the production versions of the Del Mar.
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IQ | Hot Stocks05:20 EDT iQIYI signs partnership letter of intent with TAT in Beijing - iQIYI has signed a strategic partnership letter of intent with the Tourism Authority of Thailand, or TAT, in Beijing at a ceremony attended by Thailand Prime Minister Srettha Thavisin, Governor of TAT Thapanee Kiatphaibool, iQIYI president of movies and overseas business group Yang Xianghua, as well as representatives from seven Chinese leading businesses Ant Group, Ctrip, Huawei, JegoTrip, Meituan, Spring Airlines and Sina News. With this strategic partnership, iQIYI and Tourism Authority of Thailand, or TAT, will work together actively in Thai language productions, collaboration and exchange of China-Thailand talents, as well as setting Chinese language productions in Thailand.
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RDW | Hot Stocks05:15 EDT Redwire awarded contract with OHB Italia - Redwire announced that it has been awarded a contract with OHB Italia S.p.A. to provide the onboard computer for the European Space Agency's, or ESA, Comet Interceptor mission - Implementation Phase. ESA's Comet Interceptor will be the first spacecraft to visit a long-period, dynamically new comet or interstellar object. Redwire's wholly owned Belgian subsidiary, Redwire Space NV, will develop the onboard computer for the Comet Interceptor mission, which is the "brain" of the spacecraft and is designed to monitor and control other components, including transmitting critical data to operators on the ground. The onboard computer is part of Redwire's third generation Advanced Data and Power Management System.
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CVX HES | Hot Stocks05:13 EDT Chevron to acquire Hess Corp. for $171 per share in all-stock transaction - Chevron (CVX) announced that it has entered into a definitive agreement with Hess Corporation (HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53B, or $171 per share based on Chevron's closing price on October 20. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60B.The Stabroek block in Guyana is an asset with cash margins and low carbon intensity that is expected to deliver production growth into the next decade. Hess' Bakken assets add another U.S. shale position to Chevron's DJ and Permian basin operations. The combined company is expected to grow production and free cash flow faster and for longer than Chevron's current five-year guidance. In addition, John Hess is expected to join Chevron's board of directors. The acquisition consideration is structured with 100% stock utilizing Chevron's equity. In aggregate, upon closing of the transaction, Chevron will issue approximately 317M shares of common stock. Total enterprise value of $60B includes net debt and book value of non-controlling interest. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in the first half of 2024. The acquisition is subject to Hess shareholder approval. It is also subject to regulatory approvals and other customary closing conditions. The transaction price represents a premium of 10.3% on a 20-day average based on closing stock prices on October 20.
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VIOT | Hot Stocks05:08 EDT Viomi Technology extends $10M share repurchase plan - Viomi Technology announced that, its board of directors has approved an extension of its existing share repurchase plan for another 12 months, under which the company may repurchase up to $10M worth of its American Depositary Shares, or ADSs, for a period from October 25 to October 24. From the launch of the share repurchase plan to the date of this press release, the company in aggregate purchased approximately $415,289 worth of its ADSs in the open market pursuant to its share repurchase plan. The company expects to fund the repurchases under the Share Repurchase Plan with its existing cash balance.
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