Stockwinners Market Radar for October 30, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RXRX | Hot Stocks20:32 EDT Cathie Wood's ARK Investment bought 152.7K shares of Recursion Pharmaceuticals
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AAPL | Hot Stocks20:30 EDT Apple unveils M3, M3 Pro, and M3 Max chips for a personal computer - Apple "announced M3, M3 Pro, and M3 Max, three chips featuring groundbreaking technologies that deliver dramatically increased performance and unleash new capabilities for Mac. These are the first personal computer chips built using the industry-leading 3-nanometer process technology, allowing more transistors to be packed into a smaller space and improving speed and efficiency. Together, M3, M3 Pro, and M3 Max show how far Apple silicon for the Mac has come since the debut of the M1 family of chips. The M3 family of chips features a next-generation GPU that represents the biggest leap forward in graphics architecture ever for Apple silicon. The GPU is faster and more efficient, and introduces a new technology called Dynamic Caching, while bringing new rendering features like hardware-accelerated ray tracing and mesh shading to Mac for the first time. Rendering speeds are now up to 2.5x faster than on the M1 family of chips. The CPU performance cores and efficiency cores are 30 percent and 50 percent faster than those in M1, respectively, and the Neural Engine is 60 percent faster than the Neural Engine in the M1 family of chips. And, a new media engine now includes support for AV1 decode, providing more efficient and high-quality video experiences from streaming services. The M3 family of chips continues the tremendous pace of innovation in Apple silicon, and brings massive enhancements and new features to the new MacBook Pro(R) and iMac(R)."
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AAPL | Hot Stocks20:29 EDT Apple unveils new MacBook Pro featuring the M3 family of chips - Apple "announced a new MacBook Pro(R) lineup featuring the all-new family of M3 chips: M3, M3 Pro, and M3 Max. With a next-generation GPU architecture and a faster CPU, the M3 family brings even more performance and remarkable new capabilities to MacBook Pro. The new 14-inch MacBook Pro with M3 is not only great for everyday tasks, but also delivers phenomenal sustained performance in pro apps and games. Perfect for aspiring creatives, students, and entrepreneurs, it now starts at $1,599. The 14- and 16-inch MacBook Pro with M3 Pro provides even greater performance and additional unified memory support, enabling more demanding workflows for users like coders, creatives, and researchers. The 14- and 16-inch MacBook Pro with M3 Max delivers performance and capabilities that push the limits of computing. With a monster GPU and a powerful CPU, along with support for up to 128GB of unified memory, MacBook Pro with M3 Max enables extreme workflows and multitasking across pro apps for users like machine learning programmers, 3D artists, and video editors. M3 Pro and M3 Max models also now come in space black, a gorgeous dark aluminum finish."
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AAPL | Hot Stocks20:29 EDT Apple unveils 24-inch iMac with new M3 chip - Apple "unveiled the new 24-inch iMac(R) featuring the amazing M3 chip, making the world's best all-in-one even more powerful and more capable. Thanks to the efficiency of Apple silicon, the new iMac delivers a huge leap in performance in its remarkably thin design and spectrum of seven vibrant colors that users love. iMac with M3 is up to 2x faster than the prior generation with M1.1 And for those upgrading from an Intel-based iMac, the new iMac is up to 2.5x faster than the most popular 27-inch models,2 and 4x faster than the most powerful 21.5-inch model.3 It also features an expansive 4.5K Retina(R) display with 11.3 million pixels and over a billion colors, faster wireless connectivity, and a seamless experience with iPhone(R). Combined with its best-in-class camera, speakers, and mics, along with macOS(R) Sonoma, iMac with M3 is better than ever - perfect for everyone, from families to small businesses, aspiring creatives, students, and gamers. Customers can order the new iMac starting today, with availability beginning Tuesday, November 7."
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ABT | Hot Stocks19:29 EDT Abbott director sells $4.70M in common stock - In a regulatory filing, Abbott disclosed that its director Daniel Starks sold 50K shares of common stock on October 26th in a total transaction size of $4.70M.
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SBLK | Hot Stocks19:00 EDT Star Bulk Carriers announces repurchase of additional 10M shares of common stock - Star Bulk Carriers "announced that it entered into a Repurchase Agreement with OCM XL Holdings, L.P., a limited partnership incorporated in the Cayman Islands, Oaktree OBC Container Holdings, LLC, a limited liability company organized in the Marshall Islands, and OCM FIE, LLC, a limited liability company organized in Delaware, pursuant to which the Company agreed to purchase of an additional 10 million of its common shares from the Sellers at a price per common share of $19.50. The Share Repurchase was approved unanimously by all the disinterested members of the Company's Board of Directors."
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SIDU | Hot Stocks19:00 EDT Sidus Space expands leadership structure ahead of LizzieSat launch - Sidus Space is expanding its management leadership structure ahead of its LizzieSat constellation launch with SpaceX beginning in the first quarter of 2024. To support the launch and management of the LizzieSat constellation, the Company has adjusted the organization of its leadership team and promoted from within. Management expects to accelerate the offerings of Data-as-a-Service, Technology Payload Hosting, and the sale of its Artificial Intelligence, both as an independent service and as a part of its data offering. Sidus first created the role of Chief Operating Officer and subsequently promoted Jared Novick on September 27, 2023. The Company is today also announcing the promotion of Lindsey Waitt to LizzieSat Program Manager. In this role, Waitt will lead the engineering team and provide leadership on all technical decisions. Jamie Adams, who previously served as the Chief Technology Officer for the company, made the decision to step down from this role, effective as of October 24, 2023. In addition to resigning from his position as CTO, he has also chosen to vacate his seat on the Sidus Space Board of Directors. These changes within the organization have led to the removal of the CTO role.
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CCL | Hot Stocks18:49 EDT Carnival CEO: We outperformed on every metric in Q3 - In an interview on CNBC's Mad Money, Josh Weinstein said, "We're performing and our brands are delivering. We are using less fuel than ever." He expects Carnival to be back to an investment grade credit rating by 2026. There is tremendous free cash flow generation in the business and significant runway to pay down debt in the coming years, he noted. He feels the stock is a "bargain" at current levels.
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EQIX | Hot Stocks18:10 EDT Equinix exec sells $2.71M in common stock - In a regulatory filing, Equinix disclosed that its Chielf Legal Officer Brandi Morandi sold 3.8K shares of common stock on October 30th in a total transaction size of $2.71M.
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TBPH... | Hot Stocks17:30 EDT Theravance Biopharma, Teva enter into settlement agreement related to Yupelri - Theravance Biopharma (TBPH) stated in a regulatory 8-K filing: "On October 27, 2023, Theravance Biopharma R&D IP, LLC, Theravance Biopharma US, Inc. and Theravance Biopharma Ireland Limited, subsidiaries of the Registrant Theravance Biopharma, Inc., and Mylan Ireland Limited and Mylan Specialty L.P., entered into a Settlement Agreement with Teva Pharmaceuticals (TEVA) relating to Theravance and Mylan's YUPELRI (revefenacin) inhalation solution. A Theravance entity owns and Mylan is the exclusive sub-licensee of Orange Book-listed United States Patent Nos. 8,541,451; 9,765,028; 10,550,081; 11,008,289; 11,484,531; and 11,691,948. The Settlement Agreement resolves ongoing patent litigation brought by Theravance and Mylan against Teva pursuant to the Hatch-Waxman Act based on Teva's filing of an abbreviated new drug application seeking approval to market a generic version of YUPELRI (revefenacin) inhalation solution prior to expiration of the Orange Book Listed Patents. Under the Settlement Agreement, Theravance and Mylan granted Teva a royalty-free, non-exclusive, non-sublicensable, non-transferable license to manufacture and market Teva's generic version of YUPELRI(R) (revefenacin) inhalation solution in the United States on or after the licensed launch date of April 23, 2039, subject to certain exceptions as is customary in these type of agreements. As required by law, the settlement is subject to review by the U.S. Department of Justice and the Federal Trade Commission."
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MNTS | Hot Stocks17:22 EDT Momentus receives 'multiple indications of interest' from potential partners - In a regulatory filing, On October 30, Momentus provided the following update on its efforts to raise additional capital and evaluate strategic alternatives, previously announced by the company in its August 14 press release regarding second quarter 2023 financial results, in response to a motion filed by the lead plaintiff in the securities class action case captioned Jensen v. Stable Road Acquisition Corp., et al., No. 2:21-cv-05744, in the United States District Court for the Central District of California: Management continues to work to raise additional capital. As part of the evaluation of strategic alternatives, Momentus has also received multiple indications of interest from potential strategic partners. Over the past several weeks the company has been engaged in discussions with more than half a dozen potential strategic partners pursuant to confidentiality agreements. Management discussions with interested parties have continued to date. The company continues to position itself in order to quickly capitalize on any potential opportunities with interested parties and evaluate all viable strategic options.There can be no certainty that any transaction will ensue from the evaluation of strategic alternatives. The Board of Directors of Momentus reserves the right to reject any approach or terminate discussions with any interested party at any time. Momentus anticipates providing a further update to shareholders in its earnings call for the third quarter of 2023 on November 14, 2023.
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LMT | Hot Stocks17:22 EDT Lockheed Martin awarded $996.22M Air Force contract - Lockheed Martin was awarded a $996.22M contract for the MK21A Reentry Vehicle program. This contract provides for conducting engineering, manufacturing, and design to provide a low technical risk and affordable RV for Sentinel. Work will be performed in King of Prussia, Pennsylvania, and other various locations, and is expected to be completed by October 20, 2039. This contract is a sole source acquisition. FY24 research, development, test and evaluation funds in the amount of $26.61M are being obligated at time of award. Air Force Nuclear Weapons is the contracting activity.
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CLW | Hot Stocks17:16 EDT Clearwater Paper sees Q4 adjusted EBITDA at $60M-$70M - Says FY23 outlook remains unchanged, with $278M-$288M in adjusted EBITDA, CAPEX of $70M-$80M, and effective tax rate of $25%-26%. Reference Link
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GM | Hot Stocks17:11 EDT General Motors reaches tentative agreement with UAW - "GM is pleased to have reached a tentative agreement with the UAW that reflects the contributions of the team while enabling us to continue to invest in our future and provide good jobs in the U.S.," said GM Chair and CEO Mary Barra. "We are looking forward to having everyone back to work across all of our operations, delivering great products for our customers, and winning as one team. "Reference Link
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CLW | Hot Stocks17:11 EDT Clearwater Paper says EBITDA benefiting from higher volumes, lower input costs - Says balance sheet "remains very strong" Comments taken from Q3 earnings conference call.
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REVG | Hot Stocks17:06 EDT Rev Group announces Stephen Zamansky as general counsel - Rev Group announced Stephen Zamansky has joined the company as senior vice president and general counsel, effective immediately. Paul Robinson, who has served as interim general counsel since April, will remain with the company until January 2024 to ensure a transition.
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HUBB | Hot Stocks17:01 EDT Hubbell to acquire Systerms Control for $1.1B in cash - Hubbell Incorporated "announced that it has entered into a definitive agreement to acquire Northern Star Holdings, Inc. (commercially known as Systems Control), a portfolio company of Comvest Partners, for $1.1 billion in cash, subject to customary adjustments. Systems Control is a leading manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. These highly engineered offerings are mission-critical to grid reliability, enabling utility customers to protect and control substation infrastructure while detecting faults and controlling the flow of electricity. Systems Control estimates 2024 sales of approximately $400 million. The transaction is anticipated to close by the end of 2023, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals. Hubbell plans to finance the transaction with a combination of cash on hand and debt."
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VFC | Hot Stocks17:00 EDT VF Corp. sees FY24 free cash flow $600M - Says brand president of Vans will step down. Says working on building a more efficient company. Says CEO Bracken Darrell is taking a very active role in the turnaround of the brand. Says targeting $300M in cost reductions. Says bringing down debt and reducing leverage is the number one focus. Says will not be doing any acquisitions until the debt level is brought down. Says removing guidance. Says this is a turnaround. Says reduced inventory versus last year. Says continued weakness in U.S. business and Vans globally. Says Vans had another disappointing quarter with revenue dropping 23%. Comments taken from Q2 earnings conference call.
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CVI | Hot Stocks16:50 EDT CVR Energy declares special dividend of $1.50 per share - The quarterly and special dividends, as declared by CVR Energy's Board of Directors, will be paid on November 20, 2023, to stockholders of record as of November 13, 2023.
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BSVN | Hot Stocks16:46 EDT Bank7 announces renewal of stock repurchase plan - Bank7 Corp, the parent company of Oklahoma City-based Bank7, announced that its board of directors has authorized a renewal of Bank7's existing stock repurchase program for a term of two years. The stock repurchase plan provides for the purchase of up to 750,000 shares of the Company's outstanding common stock.
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ANVS | Hot Stocks16:43 EDT Annovis Bio receives 'positive' safety review by DSMB for buntanetap trial - Annovis Bio announced the positive safety review by the Data and Safety Monitoring Board for its phase 2/3 trial of buntanetap, a drug candidate for moderate to mild Alzheimer's Disease patients. The DSMB recommended that Annovis Bio continue the trial as originally designed. The feedback from the DSMB was: no drug-related SAEs (Serious Adverse Events); each AE (Adverse Event): less than 5 percent; very low dropout rate: 4.7 percent. "The findings from the DSMB are yet another positive affirmation for the direction we are taking in our research", said Maria Maccecchini, Ph.D., CEO of Annovis. "We believe they are an important step along the way to potentially treating Alzheimer's Disease." Annovis initiated the trial of buntanetap in late March 2023. The DSMB safety evaluation was set to occur when 90 patients completed 6 weeks of treatment. When the DSMB was convened on October 18, 2023, the data from a total of 107 patients was evaluated.
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AENT | Hot Stocks16:41 EDT Alliance Entertainment regains compliance with Nasdaq listing rule - Alliance Entertainment Holding Corporation announced that it received a written notice on October 30 from the Listing Qualifications Department of the Nasdaq Stock Market indicating the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing its annual report on Form 10-K for the year ended June 30, on October 19 with the Securities and Exchange Commission ..Nasdaq Listing Qualifications Department staff have determined that the Company now complies with the Rule.
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RNAZ | Hot Stocks16:37 EDT Transcode withdraws public offering, citing current market conditions - TransCode Therapeutics announced that it is withdrawing the underwritten public offering of its common stock. This reflects the Company's belief that current market conditions were not conducive for an offering on terms that would be in the best interests of the Company's stockholders. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company's common stock or any securities, and there shall not be any offer, solicitation or sale of securities mentioned in the press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such any state or jurisdiction.
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SITC | Hot Stocks16:36 EDT Site Centers announces spin-off of convenience portfolio - Site Centers announced that the Company's Board of Directors has unanimously approved a plan to spin-off the Company's Convenience assets into a separate publicly-traded REIT to be named Curbline Properties Corp. "We believe that the Convenience real estate sector offers attractive, inflation-protected returns with limited capital expenditure requirements and are excited to form and scale the first public real estate company focused exclusively on Convenience properties located on the curbline in the wealthiest submarkets in the United States. CURB's balance sheet upon separation from SITE Centers is expected to position Curbline Properties for significant asset growth in a period of market disruption, providing a compelling competitive advantage in a fragmented yet liquid marketplace," commented David R. Lukes, President and Chief Executive Officer. "For SITE Centers, our work over the past six years has resulted in a carefully curated mix of dominant grocery, lifestyle, net lease and regional power center properties located in the top submarkets in the United States with compelling near-term net operating income ("NOI") growth. Following the separation, SITE Centers intends to continue maximizing value via our leasing and tactical redevelopment efforts and opportunistically realize value through asset sales where appropriate." CURB expects to confidentially submit its initial draft Form 10 registration statement with the U.S. Securities and Exchange Commission in 2024, and the spin-off is expected to be completed in the second half of 2024. CURB intends to elect to be treated as a REIT for U.S. federal income tax purposes and be structured as an UPREIT which is expected to be a competitive advantage when acquiring assets from private Convenience sellers. Shareholders of SITE Centers will receive shares of CURB via a taxable pro rata stock distribution. The transaction is subject to certain conditions, including the effectiveness of CURB's Form 10 registration statement and final approval and declaration of the distribution by SITE Centers' Board of Directors. The transaction does not require shareholder approval.
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INST | Hot Stocks16:35 EDT Instructure to acquire Parchment in a $835M transaction - Instructure Holdings announced it has signed a definitive agreement to acquire Parchment. Parchment has more than 15,000 customers and has exchanged more than 165M credentials over two decades. With this transaction, Instructure will add the world's largest academic credentialing platform and network to the Instructure Learning Platform. This acquisition is expected to significantly expand Instructure's existing customer base and unlock exciting new growth opportunities. The transaction is valued at approximately $835M Including a tax benefit resulting from the transaction, the net purchase price is approximately $795M, or approximately 16 times Parchment's expected 2024 Adjusted EBITDA inclusive of anticipated run-rate cost synergies. Parchment is expected to contribute approximately $115M of revenue in 2024. Instructure plans to finance the transaction with cash on hand and incremental debt under its existing credit facility. The transaction is expected to close in the Q1 of 2024, subject to regulatory approval and customary closing conditions. J.P. Morgan Securities acted as financial advisor and Kirkland & Ellis as legal advisor to Instructure. Macquarie Capital acted as lead financial advisor, Robert W. Baird & Co. also acted as financial advisor and Latham & Watkins acted as legal advisor to Parchment.
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SITC | Hot Stocks16:34 EDT Site Centers reports Q3 same-store NOI up 2.9% - Site Centers "reported an increase of 2.9% in same-store net operating income on a pro rata basis for the third quarter of 2023, including redevelopment, as compared to the year-ago period. The impact of prior period rental income receipts related to cash basis tenants was immaterial to third quarter 2023 SSNOI growth. Reported a leased rate of 94.6% at September 30, 2023, compared to 95.5% at June 30, 2023 and 95.0% at September 30, 2022, all on a pro rata basis. The sequential decline was primarily related to the recapture of the remaining units leased by Bed, Bath & Beyond and the sale of properties in the third quarter with an average leased rate of 98.5%, partially offset by new leasing activity."
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CURO | Hot Stocks16:34 EDT Curo Group receives continued listing standard notice from NYSE - Curo Group announced that on October 27, 2023, it received notice from the New York Stock Exchange that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01C of the NYSE's Listed Company Manual due to the fact that the average closing price of the company's common stock, par value 10c per share, over the prior 30 consecutive trading days was below $1.00 per share. The Notice does not affect the company's business operations or its reporting obligations with the Securities and Exchange Commission, and it does not conflict with or cause an event of default under any of the company's material debt or other agreements.
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BIOR | Hot Stocks16:33 EDT Biora Therapeutics submits updated IND application for BT-600 'as planned' - Biora Therapeutics announced that it submitted an updated Investigational New Drug IND application for BT-600 to the U.S. Food and Drug Administration FDA as planned. The update includes additional clarifying information and provides additional time for regulatory review of the company's IND filing. 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, 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. The phase 1 trial of BT-600 is planned as 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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IEX | Hot Stocks16:33 EDT Idex Corp. to acquire STC Material Solutions for $206M - Idex Corp. announced that it has entered into a definitive agreement to acquire STC Material Solutions, an integrated provider of advanced material science solutions, from Artemis for cash consideration of $206M, subject to customary post-closing adjustments. "STC Material Solutions expands our growing expertise in material sciences and offers significant opportunities to collaborate with other IDEX critical components businesses on comprehensive solution sets for customers," IDEX Chief Executive Officer and President Eric Ashleman said. "We see STC as an excellent fit with our growth strategy, possessing IDEX qualities throughout, including highly-engineered products developed and built with expertise that commands a premium." STC is expected to generate approximately $50M in revenue in 2024, with IDEX-like margins and will be included in the Health & Science Technologies segment. IDEX expects the transaction to close by late-2023, subject to regulatory approvals.
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UCTT | Hot Stocks16:32 EDT Ultra Clean announces departure of COO Vijay Chinnasami - Ultra Clean Holdings announced that Vijay Chinnasami, COO, will be leaving UCT as of December 31. "Over the past four and a half years, Vijay has made substantial contributions to UCT's growth by effectively diversifying and scaling our global business on many levels," said Jim Scholhamer, CEO. "We sincerely thank Vijay for his leadership in implementing many strategic initiatives, integrating acquisitions, adding new global facilities, and spearheading industry-leading manufacturing automation solutions. We wish him all the best in his future endeavors." A search is underway for Chinnasami's replacement and an announcement will be made in due course.
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STT | Hot Stocks16:32 EDT State Street COO Maiuri to retire - State Street announced that Louis D. Maiuri, president, chief operating officer and head of Investment Services, will retire from State Street by early 2024. Effective January 1, 2024, Ron O'Hanley, chairman and chief executive officer will assume the office of the president (in addition to his current roles as chairman and chief executive officer) and responsibility for Investment Services, State Street's largest business. Mostapha Tahiri, currently head of Asia Pacific, Middle East and North Africa, will become State Street's chief operating officer. Since 2020, Tahiri has transformed our franchise in the Asia-Pacific region to achieve sustainable growth. In April 2023, he added responsibilities as head of Middle East and North Africa. Tahiri has more than 25 years of experience in the asset management and investment services business. Investment Services client facing activities will be further consolidated under Joerg Ambrosius, executive vice president and chief commercial officer. In line with his role as chair of State Street International Holdings, Ambrosius will also assume full responsibility for our international organization to provide seamless delivery to our clients across the globe.
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LIAN | Hot Stocks16:31 EDT LianBio to discuss Phase 3 LIBRA results with China NMPA - LianBio announced topline results from the Phase 3 LIBRA clinical trial evaluating TP-03 in Chinese patients with Demodex blepharitis. The co-primary endpoints of the LIBRA trial were mite eradication and complete collarette cure at day 43. Results demonstrated statistically significant mite eradication in patients with Demodex blepharitis treated with TP-03 compared to vehicle. A positive, but not statistically significant trend was also observed for complete collarette cure. TP-03 was well tolerated with a safety profile similar to that observed in other large-scale clinical trials, and there were no treatment-related discontinuations. LianBio plans to discuss these results with the China National Medical Products Administration NMPA and expects to use these data to support a New Drug Application filing in China "We are pleased that the LIBRA trial demonstrated significant Demodex mite eradication, the primary etiology of Demodex blepharitis, as well as a favorable safety profile
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PETS | Hot Stocks16:29 EDT PetMed Express to suspend the quarterly dividend - The Board of Directors and management have made a decision to suspend the quarterly dividend. This will allow the company to invest directly in the business with a focus on organic and inorganic growth initiatives.The declaration and payment of future dividends, if any, is discretionary and will be subject to the determination by the Board of Directors. Discussing the updated capital allocation strategy, CEO Hulett stated, "Today's announced change in capital allocation follows a thorough and detailed analysis by our Board of Directors along with the management team. By suspending the quarterly dividend, we have the opportunity to invest the company's cash flow in projects and initiatives that we believe will yield higher returns. The pet care industry continues to grow and evolve and we believe we have opportunities to take advantage of that growth and drive higher returns to our shareholders."
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GLPG | Hot Stocks16:28 EDT Galapagos finishes strategic evaluation signs LOI for Jyseleca to Alfasigma - Galapagos and Alfasigma announced that they have signed a letter of intent contemplating a transfer of the Jyseleca business to Alfasigma, including the European and UK Marketing Authorizations, the commercial, medical and development activities for Jyseleca and approximately 400 positions in 14 European countries. In the contemplated transaction, Galapagos will receive a EUR 50M upfront, potential milestone payments totaling EUR 120M and mid-single to mid-double-digit royalties on European sales. Galapagos will pay up to EUR 40 M by June 2025 to Alfasigma for Jyseleca related development activities. In addition, Galapagos plans to streamline its remaining operations and further build efficiencies, with an envisaged reduction of approximately 100 positions across the organization. Galapagos estimates annualized savings ranging between EUR 150 M and EUR 200 M. This repositioning of the company marks yet another significant milestone in Galapagos' ongoing transformation into an innovative biotechnology company with a patient-centric research and development pipeline focused on immunology and oncology. While Galapagos' commitment to transforming patient outcomes with life changing science and innovation remains unchanged, its ability to work efficiently across streamlined operations and portfolio are expected to accelerate these efforts.
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TRNS | Hot Stocks16:24 EDT Transcat sees FY24 organic Service revenue up high-single to low-double digits - The company states: "We have demonstrated our ability to drive growth through various economic cycles over the past decade and a half, and we are confident that will continue. We expect organic Service revenue growth in the high-single digit to low double-digit range and gross margin expansion for the fiscal 2024 year. We believe our unique value proposition drives a sustainable competitive advantage in the highly regulated markets that we serve, particularly the Life Science, Aerospace, and Defense markets. Additionally, we expect our successful and unique acquisition strategy will continue to drive synergistic growth opportunities and expand our addressable markets. Transcat expects its income tax rate to range between 24% and 26% in fiscal 2024. This estimate includes Federal, various state, Canadian and Irish income taxes and reflects the discrete tax accounting associated with share-based payment awards. The tax rate is higher than in recent years and is an increase versus the estimate provided last quarter due to the amended NEXA Earn-Out agreement."
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BB VZ | Hot Stocks16:23 EDT BlackBerry confirms CEO John Chen to retire, effective November 4 - BlackBerry (BB) announced that John Chen, Executive Chair and CEO of BlackBerry, will retire from the company effective November 4. This aligns with the terms of Chen's contract and follows the conclusion of the Project Imperium evaluation. Richard (Dick) Lynch will succeed Chen as Board Chair and will also serve as Interim CEO while BlackBerry completes its search for a permanent CEO. Lynch joined the BlackBerry Board in 2013 and serves as a member of its Compensation, Nomination and Governance Committee. He previously served as Executive Vice-President and Chief Technology Officer of Verizon Communications (VZ) and Verizon Wireless. He is a director of Cohere Technologies and iconectiv and has served as Chairman of Ribbon Communications and as a director of Ruckus Wireless.
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MPWR | Hot Stocks16:22 EDT Monolithic Power announces new $640M stock repurchase program - Monolithic Power Systems announced its Board of Directors has approved a new stock repurchase program that authorizes MPS to repurchase up to $640 M in the aggregate of its common stock, which will expire on October 29, 2026. The repurchases will be funded from available working capital and cash repatriation from its Bermuda subsidiary. Shares of common stock repurchased under the program will be retired. As of September 30, 2023, MPS had cash, cash equivalents and investments of $1.0 billion, and 48.7 million fully diluted weighted-average shares of common stock outstanding.
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FBRT | Hot Stocks16:21 EDT Franklin BSP Realty Trust did not repurchase any shares in Q3 - Subsequent to September 30, 2023, the Company repurchased 137,444 shares of common stock at a weighted average cost of $12.55 per share. As of October 25, 2023, $37.5 million remains available under the $65 million share repurchase program. FBRT's Board of Directors has extended the share repurchase authorization through December 31, 2024.
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JBL INTC | Hot Stocks16:20 EDT Jabil to take over manufacture, sale of Intel's Silicon Photonics product lines - Jabil (JBL) announced it will take over the manufacture and sale of Intel's (INTC) current Silicon Photonics-based pluggable optical transceiver product lines and the development of future generations of such modules. "This deal better positions Jabil to cater to the needs of our valued customers in the data center industry, including hyperscale, next-wave clouds, and AI cloud data centers. These complex environments present unique challenges, and we are committed to tackling them head-on and delivering innovative solutions to support the evolving demands of the data center ecosystem," stated Matt Crowley, Senior Vice President of Cloud and Enterprise Infrastructure at Jabil. "This deal enables Jabil to expand its presence in the data center value chain." Through its photonics business unit, Jabil empowers organizations to reduce the complexities of developing and deploying enhanced optical networking solutions by offering complete photonics capabilities, including component design, system assembly, and streamlined supply chain management.
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ADUS | Hot Stocks16:17 EDT Addus HomeCare reports Q3 EPS $1.15, consensus $1.08 - Reports Q3 revenue $270.7M, consensus $267.2M. Commenting on the results, Dirk Allison, CEO, said, "Our third quarter results reflect the continued strong momentum in our business, highlighted by revenue and adjusted EBITDA growth of 12.6% and 20.0%, respectively, when compared with the third quarter of 2022. In addition to revenues generated by our recent acquisitions, organic growth was driven by continued demand for home-based care, especially for our personal care services, which accounted for 74.6% of our revenues. We are also pleased that the overall labor environment has continued to improve, which has enhanced our ability to support our higher patient volume. Our personal care segment has been the key growth driver for Addus this year, as we delivered impressive 13.9% organic growth in revenue on a same-store basis over the third quarter of 2022, the highest quarterly growth rate this year. This growth has benefited from the increased demand we are seeing in our markets along with the two statewide rate increases in our largest personal care state of Illinois. Our third quarter results included two months of operations of Tennessee Quality Care, a provider of home health, hospice, and private duty nursing services, which we acquired August 1, 2023. We are pleased that the integration process is going well as we expand our coverage capabilities to all three levels of home-based care in Tennessee. We remain excited about the expansion opportunities in our home health operations as it complements our personal care services, especially where we participate in value-based contracting models. For our hospice business, which accounted for 19.6% of revenue for the third quarter, we were encouraged to see more positive trends return with revenues up 3.1% over the third quarter of 2022 on a same-store basis and modest improvement in average daily census and length of stay compared with the same period last year."
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CLW | Hot Stocks16:16 EDT Clearwater Paper expects 'strong performance' to continue next year - The company states: "We are optimistic that our strong performance in tissue will continue into next year, driven by stable demand and improved cost structure. We also expect a gradual recovery in paperboard volumes starting in 2024. The refinancing of our 2025 notes will improve our financial flexibility and position us to continue to invest in our business and take advantage of strategic opportunities as they arise."
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KKR... | Hot Stocks16:15 EDT KKR completes takeover of Simon & Schuster from Paramount - KKR (KKR) announced the successful completion of the previously announced acquisition of Simon & Schuster from Paramount Global (PARA) in a $1.62B all-cash transaction. With the closing of the deal, Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the U.S. It continues to be led by Jonathan Karp, President and CEO, and his talented executive team. "This is an exciting moment for us-both a return to our roots as a standalone company and an opportunity for all of us to forge a new path together," said Jonathan Karp, President and CEO of Simon & Schuster. "With KKR's resources and support, we intend to become an even stronger company and a more dynamic force in our industry, while still maintaining our well-established record of editorial excellence and independence, and our unceasing focus on doing the best for our authors and their books. I know that we will build on that legacy going forward."
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INSG | Hot Stocks16:15 EDT Inseego names Steve Harmon chief revenue officer - Inseego announced that effective Monday, Steve Harmon has joined the company in the newly-created role of Chief Revenue Officer of Inseego. Harmon will oversee the company's global revenue growth, marketing and business development strategy, reporting to Inseego's President and Chief Executive Officer, Ashish Sharma. "I'm excited to have Steve join Inseego in the newly-created role of Chief Revenue Officer," said Ashish Sharma, President and CEO at Inseego. "He has a proven track record of developing sales teams, orchestrating targeted go-to-market initiatives, and fostering collaboration with channel partners to drive revenue growth. His experience in leading sales organizations, particularly those focused on enterprise selling will be an invaluable asset to Inseego. I am delighted that he will be joining Inseego to help us bring our leading 5G edge technology to even more customers."
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RYAN | Hot Stocks16:09 EDT Ryan Specialty to acquire AccuRisk, terms not disclosed - AccuRisk Holdings LLC announced that it has signed a definitive agreement to be acquired by Ryan Specialty, an international specialty insurance firm. Dan Boisvert, President & CEO of AccuRisk, said, "We are excited to be joining the Ryan Specialty team. AccuRisk and Ryan Specialty Benefits have a common mission to transform the Healthcare Finance and Health Insurance markets by providing integrated health solutions to our broker and TPA clients. The acquisition will allow us focus on that vision and to enter the next stage of our corporate growth."
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CEQP ET | Hot Stocks16:09 EDT Crestwood unitholders approve Energy Transfer transaction - Crestwood Equity Partners LP (CEQP) announced that, at its special meeting of unitholders, Crestwood unitholders approved the previously announced transaction with Energy Transfer LP (ET). The Transaction is expected to close on November 3, 2023. "On behalf of Crestwood, I would like to thank our unitholders for their strong support in approving the Transaction with Energy Transfer. We believe the combination with Energy Transfer is highly strategic for Crestwood and provides Crestwood unitholders a compelling value enhancing opportunity as part of a significantly larger, more diverse MLP with a strong balance sheet, backlog of growth opportunities, and a target distribution per unit growth rate of 3 - 5% per year. Finally, Crestwood management and the board of directors would like to sincerely thank the employees of Crestwood for their hard work and dedication over the past 12 years to build a first-class organization and an asset portfolio of high-value, critical infrastructure. We look forward to the combined success of Crestwood and Energy Transfer for many years to come," commented Robert G. Phillips, Founder, Chairman, and Chief Executive Officer of Crestwood.
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PINS | Hot Stocks16:08 EDT Pinterest sees Q4 revenue up 11%-13% from last year, consensus $976.6M - The company states: "For Q4 2023, we expect revenue to grow in the 11-13% range year over year. We expect Q4 2023 Non-GAAP operating expenses to decline in the 9-13% range year over year."
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LOGI | Hot Stocks16:08 EDT Logitech names Hanneke Faber CEO - Logitech International announced that, following an extensive, global search, its board of directors has appointed Hanneke Faber as the Company's new chief executive officer. She will take on the role effective December 1, 2023. "We are delighted to welcome Hanneke as our new chief executive officer," said Wendy Becker, Logitech's chairperson of the board. "Hanneke is an exceptional business executive with proven leadership experience at a global scale. She has driven growth and transformation across multi-billion dollar businesses at three of the world's leading product companies: Unilever, Ahold Delhaize and Procter & Gamble. Throughout her career, she has focused on innovation across diverse portfolios, fostering a deep connection with end-users in both mature and emerging markets and is a world-class sustainability leader who shares Logitech's values and mindset.
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PINS | Hot Stocks16:07 EDT Pinterest reports Q3 MAU up 8% from last year to 482M
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DRS | Hot Stocks16:06 EDT Leonardo DRS awarded contract for prototype next-gen JETS II technology - Leonardo DRS "announced that it has been awarded a contract to produce a prototype of the next-generation Joint Effects Targeting System II (JETS II) multi-sensor targeting technology for Forward Observers. The 30-month performance prototype contract was awarded by the U.S. Army. The updated JETS II hand-held precision laser targeting system provides Forward Observers the capability to call in precision munitions in a wide range of combat scenarios, leading to higher target success rates and greater protection for our warfighters on the ground. The system improves upon and adds enhanced technologies for the users, significantly reducing weight and improving precision accuracy making the system a battlefield multiplier."
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MFIN | Hot Stocks16:05 EDT Medallion Financial boosts dividend 25% to 10c per share - Our board of directors has authorized a 25% increase of our quarterly dividend to $0.10 per share beginning with the upcoming dividend payment next month, another sign of our commitment to providing sustainable shareholder value over the long-term.
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RHHBY SRPT | Hot Stocks16:04 EDT Roche announces EMBARK trial in DMD did not reach primary endpoint - Roche (RHHBY) announced topline results from the global, randomized, double-blind Phase 3 EMBARK study of Elevidys in ambulatory boys with Duchenne muscular dystrophy, or DMD, aged 4-7 years. In the study, Elevidys-treated patients improved 2.6 points on their NSAA total score 52 weeks after treatment, compared to 1.9 points in placebo-treated patients. In all pre-specified, timed functional key secondary endpoints, time to rise from floor and 10 metre walk test, clinically meaningful and statistically significant improvements were observed. Both endpoints are prognostic factors for disease progression and loss of ability to walk. Additionally, a clinically meaningful and statistically significant improvement was also observed for the pre-specified secondary endpoint stride velocity 95th centile. This novel digital endpoint, qualified by the European Medicines Agency, measures speed of walking via a wearable device. The time to ascend 4-steps secondary endpoint also demonstrated consistent treatment benefit in favour of Elevidys. All data are being further analysed and will be discussed with health authorities to determine the path forward. Detailed results from the EMBARK study will be shared at an upcoming scientific congress and a medical journal publication will be pursued. "High unmet need remains in Duchenne and we are encouraged by the consistent and meaningful results seen in all key secondary functional endpoints for Elevidys, an innovative gene therapy," said Levi Garraway, M.D., Ph.D., Chief Medical Officer and Head of Global Product Development, Roche. "We will work to further analyse the EMBARK results and consult with health authorities as quickly as possible. We sincerely thank all the boys, their families and the wider Duchenne community involved in this important research effort." As part of a collaboration agreement Roche is working with Sarepta Therapeutics (SRPT) "to transform the future for the Duchenne community, enabling those living with the disease to maintain and protect their muscle function, keeping them stronger for longer. Sarepta is responsible for managing regulatory approval and the commercialisation of Elevidys in the US. Roche is responsible for regulatory approvals and bringing Elevidys to patients across the rest of the world. Sarepta is responsible for the manufacturing of Elevidys and together, the companies are working on a comprehensive joint clinical development plan to maximise the chances of broad approval and access," Roche stated.
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SRPT | Hot Stocks16:02 EDT Sarepta reports topline results from EMBARK study - Sarepta Therapeutics announced topline results from EMBARK (Study SRP-9001-301), a global, randomized, double-blind, placebo-controlled, Phase 3 clinical study of ELEVIDYS (delandistrogene moxeparvovec-rokl) in patients with Duchenne muscular dystrophy between the ages of 4 through 7 years. "The results of EMBARK, our double-blind, placebo-controlled trial, support the conclusion that ELEVIDYS modifies the trajectory of Duchenne and benefits patients across age groups living with this ferociously degenerative disease. The results favored ELEVIDYS across all endpoints in the study, including achieving statistical significance on all pre-specified key secondary endpoints and in each age subgroup of the key secondary endpoints. Indeed, passing 5 seconds on time to rise is the strongest predictor of early loss of ambulation and in EMBARK, ELEVIDYS reduced those odds over 52 weeks by greater than 90 percent," said Doug Ingram, president and chief executive officer, Sarepta. "Based on the EMBARK results, we intend to move swiftly to request an update to expand the labeled indication to treat all patients. Importantly, we have shared the EMBARK topline results with FDA leadership and they have confirmed that, based on the totality of the evidence, they are open to such label expansion if supported by review of the data, and that they intend to proceed rapidly with consideration of the submission." In the study, ELEVIDYS-treated patients improved 2.6 points on their North Star Ambulatory Assessment (NSAA) total score 52 weeks after treatment compared to 1.9 points in placebo-treated patients. The difference of 0.65-points between treated and placebo groups did not reach statistical significance (n=125; p=0.24). All key pre-specified functional secondary endpoints demonstrated robust evidence for a clinically meaningful treatment benefit that was consistent across age groups in ELEVIDYS-treated patients compared to placebo at 52 weeks.
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SRPT | Hot Stocks16:00 EDT Sarepta trading halted, news pending
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PIXY | Hot Stocks15:05 EDT ShiftPixy trading resumes
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PIXY | Hot Stocks14:55 EDT ShiftPixy trading halted, volatility trading pause
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SONY... | Hot Stocks14:11 EDT U.S. video game content spending up 2% YTD, says Circana - Circana analyst Mat Piscatella said that 2023 has been one of the "best years" for new video games "perhaps ever," as U.S. video game content spending has grown 2% year-to-date compared to a year ago, at $34.1B. This compares to U.S. content spending in past years of: $33.8B in same period YTD in 2020; $26.6B in same period YTD in 2021; and $33.5B in same period YTD in 2022. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Nintendo (NTDOY), Take-Two (TTWO), Tencent (TCEHY), Microsoft (MSFT), Sony (SONY), Roblox (RBLX), Warner Bros. Discovery (WBD), and Ubisoft (UBSFY). Reference Link
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BIVI | Hot Stocks13:20 EDT BioVie says to present blinded data on Phase 3 trial of NE3107 at conference - BioVie CEO Cuong Do joined Steve Darling from Proactive to share news the company will be presenting its blinded data on cognitive, biomarker, and imaging findings from the recently completed Phase 3 clinical trial of NE3107 in the treatment of mild to moderate Alzheimer's Disease. The presentation will be presented at the upcoming 16th Clinical Trials on Alzheimer's Disease in Boston. "Do told Proactive the company has monitored blinded data as they become available throughout the trial to assess patient safety and support timely data entry into the official statistical analysis database. Interim blinded data was previously presented at other scientific congresses to provide a glimpse of the characteristics of the enrolled subjects at the start of the trial. The most surprising revelation was the reduction in amyloid burden. NE3107, designed to block TNF alpha, demonstrated a substantial reduction in amyloid buildup within just six months of treatment. More than a third of initially amyloid-positive patients became amyloid-negative, a highly unexpected outcome," according to a post on NewsDirect published by Proactive USA. Reference Link
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LVO | Hot Stocks13:17 EDT LiveOne pre-announces Slacker subsidiary results, raises FY24 Slacker guidance - LiveOne announced certain preliminary and unaudited results for its wholly owned Slacker subsidiary for the first six months ended September 30, as well as updated revenue and Adjusted EBITDA guidance for Slacker for its full fiscal year ending March 31, 2024. The Slacker subsidiary is expected to report six months revenue of $31.5M and adjusted EBITDA of $9.1M, said the company, which raises FY24 guidance for Slacker's revenue to $63-$66M, with $17-$19M of adjusted EBITDA.
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CFFE | Hot Stocks13:09 EDT CF Acquisition Corp VIII trading resumes
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AUD AUDA | Hot Stocks13:07 EDT Audacy common stock to delist from NYSE - Audacy announced that its appeal of the determination by the New York Stock Exchange to commence proceedings to delist Audacy's Class A common stock from the NYSE was not successful. As a result, the NYSE today filed a Form 25 relating to the delisting from the NYSE of its common stock with the Securities and Exchange Commission, which will become effective on or about November 10. "Audacy stock has not been traded on the NYSE since May when the NYSE notified Audacy that it had elected to commence proceedings to delist the common stock from the NYSE based on Audacy's 'abnormally low' price levels. The common stock will continue to trade over the counter under the symbol 'AUDA.' The NYSE's determination has no impact on Audacy's business strategy or operations. Audacy continues to focus on growing and enhancing its capabilities as a leading, multi-platform audio content and entertainment company, and continues to engage in discussions with its lenders to deleverage its balance sheet and improve its capital structure to position Audacy for long-term growth," the company stated.
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CFFE | Hot Stocks13:04 EDT CF Acquisition Corp VIII trading halted, volatility trading pause
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ADV | Hot Stocks13:03 EDT Advantage Solutions sells Atlas Technology Group to Crisp, terms not disclosed - Advantage Solutions announced the sale of its Atlas Technology Group's business to Crisp, the open-data retail platform for the consumer goods industry. Atlas Technology Group is an analytics provider serving many of the world's largest consumer packaged goods companies. Crisp will migrate Atlas' existing customers to its cloud-based data-sharing platform and collaborate with Advantage to offer sophisticated supply chain analytics and an expanded retail footprint. Crisp's relationship with Advantage Solutions will provide CPG brands with access to enhanced retail sales data to understand potential supply chain issues and product availability, enabling them to make faster decisions, optimize inventory and marketing, and drive sales and loyalty. Terms of the deal were not disclosed.
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NOC | Hot Stocks12:07 EDT Northrop Grumman awarded roughly $732M contract from SDA - The Space Development Agency awarded Northrop Grumman Corporation an agreement with a total potential value of approximately $732M to design and build 38 data transport satellites. These satellites will support Tranche 2 Transport Layer - Alpha, the latest iteration of SDA's low-Earth orbit Proliferated Warfighter Space Architecture. This Alpha announcement follows an August 2023 award to Northrop Grumman of 36 satellites as part of Tranche 2 Transport Layer - Beta; Alpha and Beta satellites are designed to interoperate on orbit. This contract includes supporting ground elements and five years of operations and sustainment with the satellites scheduled to launch starting December 2026. Northrop Grumman was also awarded a contract for Tranche 1 Transport Layer 1, which similarly provide low latency, high volume data transport supporting U.S. military missions around the world. Northrop Grumman's approach to the PWSA contracts is to combine our satellite technology and mission experience with strategic commercial partnerships to move at the pace the environment demands.
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WMT | Hot Stocks12:06 EDT Walmart announces re-grand openings of 117 remodeled U.S. stores - On Friday, Nov. 3, Walmart will celebrate the "Second Best Day" for 117 stores nationwide, the largest single-day rollout of re-grand openings in company history. The re-grand opening projects represent more than half a billion dollars in capital investments in local communities across 30 states. Associates and customers will be welcomed into the improved Supercenters and Neighborhood Markets with ceremonies, ribbon cuttings and family-friendly activities to commemorate the occasion. "We're investing more than $9B over a two-year period to upgrade and modernize more than 1,400 of our stores across the U.S.," said John Furner, CEO of Walmart U.S. "With nearly 90 percent of the U.S. population living within 10 miles of a Walmart, we understand how important our local stores are to customers and communities, and these construction investments allow us to create more local jobs and make it easier for our associates to get customers what they want, when they want it."
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CBIO GYRE | Hot Stocks12:04 EDT Catalyst Biosciences announces completion of combination with GNI Group - Catalyst Biosciences announced completion of the business combination with GNI Group Ltd. and related entities. Catalyst received stockholder approval for all proposals necessary to complete the business combination at a special meeting of stockholders held on August 29, 2023. Catalyst effected a name change and a reverse stock split of Catalyst's common stock immediately prior to the closing of the business combination. The combined company will operate under the name "Gyre Therapeutics, Inc." As a result of the business combination, Beijing Continent Pharmaceuticals Co., Ltd. became a majority-owned subsidiary of Gyre. To ensure Gyre's compliance with the minimum bid price requirement of $4.00 per share for initial listing on The Nasdaq Capital Market, Catalyst implemented a reverse split of its common stock at a ratio of 1-for-15 shares. In the reverse stock split, every 15 shares of Catalyst common stock outstanding was combined and reclassified into one share of Gyre common stock.
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HPE | Hot Stocks12:03 EDT Zabka taps HPE GreenLake to run SAP S/4HANA applications - Hewlett Packard Enterprise announced that Zabka has selected the HPE GreenLake edge-to-cloud platform to run its SAP S/4HANA applications.
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FSR | Hot Stocks12:00 EDT Fisker falls -8.5% - Fisker is down -8.5%, or -41c to $4.38.
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MPX | Hot Stocks12:00 EDT Marine Products falls -12.1% - Marine Products is down -12.1%, or -$1.35 to $9.79.
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RVTY | Hot Stocks12:00 EDT Revvity falls -16.1% - Revvity is down -16.1%, or -$15.78 to $82.09.
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DQ | Hot Stocks12:00 EDT Daqo New Energy rises 10.6% - Daqo New Energy is up 10.6%, or $2.48 to $25.81.
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XPO | Hot Stocks12:00 EDT XPO, Inc rises 13.6% - XPO, Inc is up 13.6%, or $9.18 to $76.51.
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JKS | Hot Stocks12:00 EDT JinkoSolar rises 20.9% - JinkoSolar is up 20.9%, or $5.42 to $31.31.
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HII | Hot Stocks11:46 EDT Huntington Ingalls awarded $79M Missile Defense Agency contract - HII announced that its Mission Technologies division was awarded a $79M contract to support the Missile Defense Agency's mission to develop, test and field a missile defense system that will protect the U.S. and its allies against enemy ballistic missile attacks. The contract has a seven-year period of performance with a two-year base. The work will be performed in Fort Belvoir, Virginia; Huntsville, Alabama; and Colorado Springs, Colorado. HII has performed similar work for the MDA since 2018 under a previously awarded contract.
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APD | Hot Stocks11:39 EDT Air Products supplies two MCHE replacements for Bintulu LNG facility - Air Products announced its commitment to provide its advanced main cryogenic heat exchanger technology for the PETRONAS LNG Complex located in Bintulu, Sarawak, Malaysia. The replacements are part of an extension program being implemented to extend the life and continue the superior performance and high reliability of the MLNG Dua LNG facility in Bintulu. This will be the second and third MCHE replacements provided by Air Products at this facility, after the original units completed almost three decades of reliable service. The first MCHE replacement was installed in June 2022 in-house by PETRONAS and successfully started up in the fall of 2022 and operating reliably ever since. Air Products' contract supply to PETRONAS will consist of MCHE engineering and design, two units of two-bundle MCHEs, continued use of company's proprietary AP-C3MRTM LNG process technology with associated process licenses, and technical advisory services. All engineering and design will be done in Air Products' global corporate headquarters office in Allentown, Pennsylvania, and the MCHEs manufacture will be executed at Air Products' manufacturing facility located on the west coast of Florida, less than a mile from the deep-water port at Port Manatee.
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PXMD | Hot Stocks11:30 EDT PaxMedica announces 1-for-17 reverse stock split - PaxMedica announced that as a result of its 1-for-17 reverse stock split of its common stock that became effective at 8:03 a.m. Eastern Time on October 30, 2023, its common stock will begin trading on a split-adjusted basis with the open of the market on October 31, 2023. PaxMedica's common stock will continue to trade under the existing trading symbol "PXMD."
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VEON | Hot Stocks11:28 EDT Veon challenges freezing of corporate rights in Kyivstar - Veon announces that it filed two motions with the relevant Kyiv district court, challenging the freezing of the corporate rights in Kyivstar, which was initially announced on the website of the Security Services of Ukraine October 6. "Noting that corporate rights in Kyivstar belong exclusively to Veon, and that their full or partial seizure directly violates the rights of Veon and its international debt and equity investors, Veon requested the lifting of the freezing of its corporate rights in Kyivstar," the company said in a statement. "Veon is taking all the necessary steps to protect the rights of our company, our wholly owned subsidiary Kyivstar and our international investors. The impeccable track record of Veon and Kyivstar in serving Ukraine, the dialogue we established last week in Ukraine during our Board delegation's visit and the continued availability of appeal mechanisms and procedures give me confidence that that we will achieve our dual goal of addressing the concerns of Ukrainian authorities while protecting our rights," said Kaan Terzioglu, Veon CEO. Kyivstar continues to serve its 25M customers and keep Ukraine connected with 94% network availability, continuing its services with full operational integrity in line with the national security priorities of Ukraine, the company added.
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GMM | Hot Stocks11:24 EDT Global Mofy Metaverse Ltd trading resumes
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GMM | Hot Stocks11:14 EDT Global Mofy Metaverse Ltd trading halted, volatility trading pause
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TNC | Hot Stocks11:08 EDT Tennant raises quarterly dividend 5.7% to 28c per share - The Board of Directors of Tennant Company authorized to raise the quarterly cash dividend to 28c per share, a 5.7% increase. The increased dividend is payable December 15, 2023, to shareholders of record at the close of business on November 30, 2023.
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HUM | Hot Stocks11:01 EDT Humana, Greater Good Health expand access to primary care in Montana - Humana and Greater Good Health announced the opening of primary care clinics in Missoula, Billings and Great Falls, Montana. The clinics are in-network with all Humana Medicare Advantage HMO and PPO plans offered in Montana, as well as a Humana Dual Eligible Special Needs Plan for certain patients qualifying for both Medicare and Medicaid. Greater Good Health will also see patients with Original Medicare.
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NVDA... | Hot Stocks10:45 EDT Biden issues executive order on 'safe, secure, and trustworthy' AI - President Biden issued a "landmark" Executive Order to "ensure that America leads the way in seizing the promise and managing the risks of artificial intelligence," or AI, the White House announced. "The Executive Order establishes new standards for AI safety and security, protects Americans' privacy, advances equity and civil rights, stands up for consumers and workers, promotes innovation and competition, advances American leadership around the world, and more. As part of the Biden-Harris Administration's comprehensive strategy for responsible innovation, the Executive Order builds on previous actions the President has taken, including work that led to voluntary commitments from 15 leading companies to drive safe, secure, and trustworthy development of AI." Some of the large tech companies working on Artificial Intelligence include Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Meta (META) and Amazon (AMZN). Reference Link
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DMRC | Hot Stocks10:40 EDT Digimarc 'fully supports bold actions taken today by the Biden Administration' - Digimarc issued the following statement from on the Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence: "Digimarc Corporation fully supports the bold actions taken today by the Biden Administration as it works to balance protecting the rights of Americans while seizing the tremendous innovative potential of Artificial Intelligence, AI. We are encouraged to see the administration's guidance include clear direction regarding the role watermarking must play in this critical effort. Harnessing proven technologies will go a long way to ensure that the power of AI is safeguarded."
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THO | Hot Stocks10:18 EDT Thor Industries named official RV partner of Speedway Motorsports - Speedway Motorsports and THOR Industries have announced a new partnership designating the global recreational vehicle company as the "Official RV Partner of Speedway Motorsports." The agreement, which includes 10 Speedway Motorsports facilities hosting NASCAR events plus Circuit of The Americas during its NASCAR event week, will elevate brand recognition for the THOR family of companies and their dealer partners with avid race fans across the United States. Through the extensive new partnership, THOR will help deliver exceptional camping experiences to RVers at 15 Speedway Motorsports NASCAR Cup race weekends in 2024, ensuring that NASCAR fans actively enjoy the RV lifestyle. Fan engagement will include camper appreciation event activities, promotions, sweepstakes and RV support.
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MCD | Hot Stocks10:05 EDT McDonald's says had 'slight dip' in traffic in Q3 - Says traffic went "slightly negative" in Q3.
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MTRN | Hot Stocks10:01 EDT Materion awarded $5M contract from U.S. Air Force Research Laboratory - Materion has been awarded a $5M contract from the United States Air Force Research Laboratory to expand its ongoing research and development of additive manufacturing, also known as 3D printing, for beryllium and aluminum-beryllium alloys. Expanding additive manufacturing capabilities for these specialized materials would enable significant advantages in the production and performance of optics structures, guidance systems, and thermal management applications used in defense and aerospace markets. The two-year US-AFRL contract will support the labor, material, and operating costs to develop processes for multiple deposition technologies in a safe and expandable environment as well as related support technologies for pre- and post- processing of powder and material inputs and structures and components.
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LABD | Hot Stocks10:00 EDT Daily S&P Biotech Bear 3x Shares falls -7.2% - Daily S&P Biotech Bear 3x Shares is down -7.2%, or -$2.13 to $27.35.
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MPX | Hot Stocks10:00 EDT Marine Products falls -10.3% - Marine Products is down -10.3%, or -$1.15 to $9.99.
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RVTY | Hot Stocks10:00 EDT Revvity falls -15.3% - Revvity is down -15.3%, or -$14.93 to $82.94.
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XPO | Hot Stocks10:00 EDT XPO, Inc rises 13.9% - XPO, Inc is up 13.9%, or $9.38 to $76.72.
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DQ | Hot Stocks10:00 EDT Daqo New Energy rises 14.8% - Daqo New Energy is up 14.8%, or $3.46 to $26.79.
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JKS | Hot Stocks10:00 EDT JinkoSolar rises 17.5% - JinkoSolar is up 17.5%, or $4.53 to $30.42.
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STM | Hot Stocks09:47 EDT STMicroelectronics falls -5.6% - STMicroelectronics is down -5.6%, or -$2.21 to $37.38.
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ORN | Hot Stocks09:47 EDT Orion Group falls -6.4% - Orion Group is down -6.4%, or -28c to $4.20.
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RVTY | Hot Stocks09:47 EDT Revvity falls -16.1% - Revvity is down -16.1%, or -$15.79 to $82.08.
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JKS | Hot Stocks09:47 EDT JinkoSolar rises 10.7% - JinkoSolar is up 10.7%, or $2.78 to $28.67.
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XPO | Hot Stocks09:47 EDT XPO, Inc rises 10.8% - XPO, Inc is up 10.8%, or $7.28 to $74.61.
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SRC | Hot Stocks09:47 EDT Spirit Realty rises 12.1% - Spirit Realty is up 12.1%, or $3.90 to $36.25.
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DTSS | Hot Stocks09:38 EDT Datasea reports September revenue of $2.5M from 5G Messaging business - Datasea recorded revenue of RMB 17.8M, or $2.5M in the month of September 2023, attributable to three of its 5G business segment operating entities. The Company's September 2023 5G messaging revenue was 12x greater than 5G messaging revenue in September 2022 which came in at RMB 0.15M, or $0.02M. Datasea CEO, Ms. Zhixin Liu, commented, "Our 5G messaging business has recovered rapidly so far this year relative to somewhat discouraging results last year. We signed major contracts beginning in June 2023 that we think could create momentum for this business segment going forward."
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ACAC | Hot Stocks09:37 EDT ACRI Capital Acquisition Corp trading resumes
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FRBN | Hot Stocks09:37 EDT Forbion European Acquisition Corp trading resumes
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ACAC | Hot Stocks09:32 EDT ACRI Capital Acquisition Corp trading halted, volatility trading pause
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FRBN | Hot Stocks09:32 EDT Forbion European Acquisition Corp trading halted, volatility trading pause
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LIFW | Hot Stocks09:31 EDT MSP Recovery regains compliance with Nasdaq listing standards - MSP Recovery, Inc. d/b/a LifeWallet received correspondence from Nasdaq on Oct 27, 2023 that the Company's previously disclosed bid price deficiencies have been cured, and that the Company is now in compliance with all applicable Nasdaq listing standards. As a result, the scheduled hearing before the Nasdaq Listing Qualifications Hearings Panel on November 2, 2023, has been cancelled. The Company's Class A common stock will continue to be listed and traded on Nasdaq, subject to continued compliance with applicable Nasdaq listing standards. LifeWallet has also announced it will hold its 2023 Annual Meeting of Stockholders at 10am Eastern Time on Wednesday, November 1, 2023.
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BIMI | Hot Stocks09:28 EDT BIMI International Medical's Phenix Bio appoints Hao Mu as distributor - BIMI International Medical announced that its subsidiary, Phenix Bio Inc., appointed Hao Mu, as a distributor responsible for the distribution of Phenix's 17 herbal supplements in Mainland China. Pursuant to the terms of a sales agreement entered into on October 29, 2023, Hao Mu must make annual purchases of at least $5 million in order to maintain its distributor status for this territory.Under the terms of this agreement, Phenix's comprehensive portfolio of high-quality herbal supplements will be made available to consumers in Mainland China through Hao Mu's well-established distribution channels and network.
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ASTI | Hot Stocks09:26 EDT Ascent Solar achieves efficiency of 17.55% for CIGS technology - Ascent Solar Technologies announced that the latest test results of the Company's proprietary CIGS technology show an in efficiency increase from 15.5% to 17.55%, a milestone achievement. In August 2023, the Ascent team began working diligently to optimize both the manufacturing processes and chemistry of its CIGS technology. This has resulted in a steady increase in efficiency that began with a jump from 10.8% to 15.2% on September 5; an additional increase to 15.5% on September 12; and now this significant increase to 17.55% just six weeks later. The latest efficiency increase can be attributed to the addition of rubidium fluoride to the chemistry, combined with improvements to Ascent's manufacturing process. The improvements will result in an increase in specific power in the space environment from 1900 W/kg to 2100 W/kg at AM0. This enables the solar energy system to provide additional power with the same flexible, resilient and lightweight footprint
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CVM | Hot Stocks09:25 EDT CEL-SCI issues letter to shareholders regarding Multikine regulatory pathway - CEL-SCI released a letter to shareholders from the company's CEO, Geert Kersten. The letter details the data reported on the efficacy of Multikine in the head and neck cancer target patient population as well as CEL-SCI's plan to file for immediate regulatory approval. "This shareholder letter will be longer and much more detailed than prior letters. My goal is to show you the clinical data supporting Multikine's survival benefits, explain how we identified the target population of head and neck cancer patients who should receive Multikine, and describe our efforts with the world's leading regulatory bodies to bring Multikine to market as quickly as possible. Why are we confident that Multikine should be approved as soon as possible? First, we can clearly identify patients who should get Multikine. Second, Multikine definitely benefits patients by causing pre-surgical responses. Third, the Multikine survival benefit in the target population is outstanding. Fourth, as a statistical matter, another trial is more than 95% likely to be successful and therefore should not be necessary for approval. Fifth, there are regulatory pathways specifically designed for our situation where the target population is selected from the larger Phase 3 study population. We believe that we meet these factors with strong evidentiary support and are eager to move forward... By way of summary, Phase 3 patients in the finalized target population saw the following: risk of death cut in half at five years versus the control; 28.6% absolute 5-year overall survival benefit versus control (p=0.0015); 0.349 hazard ratio vs control (95% CIs [0.18, 0.66], Wald p=0.0012); greater than35% rate of pre-surgery tumor reductions and/or downstages (pless than0.01); and low PD-L1 tumor expression (vs high PD-L1 where Keytruda and Opdivo work best). We can identify at diagnosis the patients most likely to have pre-surgical responses to Multikine. The survival statistics in this target population are so good that it is hard to imagine how they could be challenged or ignored. Multikine's safety profile is very favorable compared to other oncology agents. And, we have a manufacturing plant that can make an estimated $2 billion worth of Multikine annually. CEL-SCI is ready-and we believe patients and doctors are, too. A new drug for our targeted disease (previously-untreated locally advanced primary resectable squamous cell carcinoma of the head and neck) has not been approved by FDA in decades. The current standard of care provides only a 50-50 chance of living past five years. Large companies have tried and failed to improve this figure. Patients desperately need better treatments. We now have the ingredients for delivering results to investors as well. While the biotech stock market always has its ups and downs, and has been dismal lately, the clinical data will stand firm and drive the final success for CEL-SCI. We have presented our new data to regulators in Europe and the UK. Canada and the United States (FDA) have not yet seen these data, and we plan to present to them in the next quarter. CEL-SCI plans to seek approval for immediate patient access to Multikine without waiting on the results of a new trial wherever possible. There are regulatory pathways specifically designed for such approvals that CEL-SCI is pursuing worldwide. These pathways are called "conditional approvals" (or, in the U.S., accelerated approval) which means you can be approved first while a confirmatory study is ongoing and before that study is completed. Our situation-where we have selected a portion of the Phase 3 study for our target population-is precisely why these regulatory pathways were adopted by regulatory bodies, so that patients do not need to wait many years before gaining access to promising drugs that have already been shown to provide clinical benefit."
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PTPI | Hot Stocks09:23 EDT Petros developing AI tech for Phase 2 equivalent study for STENDRA - Petros Pharmaceuticals announces the development of a technological component of its self-selection study utilizing machine learning/artificial intelligence, which the Company plans to integrate into its self-selection studies for its erectile dysfunction drug STENDRA. The development of the technology and study design will continue to follow direct U.S. Food and Drug Administration recommendations as well as published proposed guidelines currently being finalized by the Agency.
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APTO | Hot Stocks09:21 EDT Aptose Biosciences presents highlights from webcast on tuspetinib - Aptose Biosciences released highlights from a clinical update event held today, October 30, 2023, in conjunction with the European School of Haematology 6th International Conference: Acute Myeloid Leukemia "Molecular and Translational": Advances in Biology and Treatment, being held in Estoril, Portugal. The webcast event featured a comprehensive review of up-to-date clinical data for Aptose's lead compound tuspetinib by Rafael Bejar, MD, PhD, Aptose's Chief Medical Officer, and featured Naval G. Daver, MD, Professor, Director Leukemia Research Alliance Program, Department of Leukemia, The University of Texas MD Anderson Cancer Center, Houston, TX. Dr. Daver is the lead investigator on Aptose's APTIVATE trial of tuspetinib and is recognized for significant achievements in the development of novel acute myeloid leukemia treatments, including several combination therapies. Tuspetinib is a once-daily, oral, precision targeted kinase inhibitor that suppresses select kinases that drive the proliferation of AML. These key kinase targets include the SYK, FLT3, JAK1/2, mutant forms of KIT, RSK2, and the TAK1-TAB1 kinases operative in AML, while other kinases are avoided to promote safety. AML care has shifted toward venetoclax containing combination regimens and a new population of difficult-to-treat VEN relapsed patients is emerging. Tuspetinib's safety, activity, mechanism of action, and convenient dosing make it ideal for combination therapy. Importantly, TUS directly targets VEN resistance mechanisms. This means that TUS targets pathways and may lead to re-sensitizing VEN-resistant cells to VEN when given in combination. TUS/VEN may safely and successfully treat these VEN failures, as we already have observed clinically, and an accelerated approval path may be available for VEN failure relapsed or refractory AML patients treated with TUS/VEN.Aptose provided updated clinical findings from the ongoing APTIVATE study of tuspetinib: Patient Enrollment: More than 140 patients have been treated with tuspetinib to date; 91 patients have received TUS as a single agent; Aptose anticipated dosing up to 30 patients with TUS/VEN by the ESH 2023 Conference; however, investigator enthusiasm resulted in dosing of 49 patients, and patients continue being enrolled. Safety Profile: In the most recent data cut, the favorable safety profile remained consistent for TUS and TUS/VEN treated R/R AML patients: No TUS related adverse events of QTc prolongation; No observed differentiation syndrome; No TUS related non-hematologic serious AEs; No TUS related deaths; No rhabdomyolysis or AEs of elevated creatine phosphokinase; No TUS related dose-limiting toxicities from 20 mg level through 160 mg level; One DLT of muscle weakness at 200 mg; Occurred in patient with high exposure; Not rhabdomyolysis No muscle destruction; Avoids many typical toxicities observed with other FLT3, IDH1/2, and menin inhibitors; In TUS/VEN doublet, no unexpected or new safety signals were observed. Tuspetinib Single Agent: Tuspetinib as a single agent was well-tolerated and highly active among relapsed or refractory AML patients with a diversity of adverse genotypes. TUS single agent delivered 42% and 60% CR/CRh response rates across all patients and across FLT3-mutated patients, respectively, among evaluable VEN-naive patients at the 80mg daily recommended phase 2 dose. Tuspetinib demonstrated a 29% CR/CRh rate in VEN-naive FLT3 unmutated AML at 80 mg daily RP2D, unlocking the potential for TUS to treat the additional 70-75% of the AML population without FLT3-mutation not currently addressed by any approved tyrosine kinase inhibitors; Responses were achieved across four dose levels; Responses were shown to mature over time with sustained blood count recovery during continuous dosing; Several responders were bridged to potentially lifesaving transplant; Durability was observed when HSCT was unavailable; Tuspetinib single agent response rates compare favorably to gilteritinib FLT3 inhibitor. TUS/VEN Doublet: Patients who have failed venetoclax treatment represent an increasing AML population in need of improved salvage therapies; Over 90% of recent U.S. patients enrolled in the APTIVATE trial were VEN failures; VEN resistance involves mutations in multiple pathways to evade BCL-2 blockade; Tuspetinib directly targets pathways involved in VEN resistance; By shutting down these pathways, tuspetinib appears to re-sensitize prior-VEN failures to venetoclax; Overall Response Rates with TUS/VEN Doublet: 31 evaluable patients showed an ORR 48%; 81% of patients were VEN failures; 44% ORR in VEN failures; 60% ORR in FLT3-mutant; 43% ORR in FLT3-wildtype; Most patients are very early in treatment, having initiated dosing in the past 2-6 weeks, and responses are expected to mature over time
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SLB E | Hot Stocks09:19 EDT SLB selected by Eni for global methane emissions reporting project, no terms - SLB (SLB) announced that its End-to-end Emissions Solutions business or SEES, has been selected by integrated energy company Eni (E) to deliver comprehensive fugitive methane emissions measurement and reporting plans for Eni's global operating facilities. The project, which is already in progress, aligns with the reporting standards of the Oil & Gas Methane Partnership 2.0 the flagship methane reporting and mitigation program of the United Nations Environment Programme . It aims to provide Eni with an accurate account of its fugitive methane emissions for transparent reporting purposes and to inform Eni's strategic efforts to reduce them. Methane is a potent greenhouse gas that has a climate change impact up to 84 times greater than carbon dioxide over a 20-year timescale and represents about half of the oil and gas sector's operational emissions. "Measurement accuracy, speed and scale are three crucial elements for the oil and gas industry to drive down its methane emissions," said Kahina Abdeli-Galinier, emissions business director, SLB. "Working collaboratively with Eni, we are leveraging our deep knowledge of OGMP 2.0 requirements and our global footprint to provide Eni with accurate, reliable methane data measurement and reporting across their on- and offshore operations in a rapid six-month delivery window. For Eni, and other producers, quickly scaling up this ability provides the necessary insights for accelerating progress toward addressing fugitive methane emissions."
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WFCF | Hot Stocks09:15 EDT Where Food Comes From acquires ownership of the Smart Catch program - Where Food Comes From announced it has acquired ownership of the Smart Catch program, which is dedicated to promoting the sustainability of seafood on restaurant menus. John Saunders, CEO of WFCF, said, "The integration of Smart Catch into our organization aligns seamlessly with our mission of providing greater clarity on the origin of food and supporting those that champion responsibility and authenticity within the food industry. We are committed to carrying the Smart Catch legacy forward and making a significant impact on seafood supply chains around the world." Smart Catch will continue to champion the cause of sustainable blue foods but will do so with a fresh perspective and a brand that mirrors its new home. The relaunched program offers a step forward in the journey to create a more accessible, responsible, and eco-conscious culinary landscape.
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AZ | Hot Stocks09:14 EDT A2Z Smart Technologies secures purchase order for Monoprix stores - A2Z Smart Technologies announced that, further to its announcements from June 21, 2023 and September 20, 2023 of its channel partnership with IR2S intended to deploy 30,000 smart carts across France between 2023 and 2026 to leading retail chains in France, A2Z Cust2mate has received the first purchase order to deliver smart carts to Monoprix stores. The initial phase of this strategic partnership involves the delivery of 250 smart carts, with anticipation for deployment at 20 select Monoprix locations starting within the current quarter of 2023.
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MTTR | Hot Stocks09:14 EDT Matterport announces collaboration with Stockperks - Matterport announced the launch of the Matterport Shareholder Rewards Program on the Stockperks app. To kick off the program, retail shareholders who leverage the Stockperks app can obtain discounts on a Matterport subscription and a free Axis device. Additional perks are available for a limited time and will be updated on an ongoing basis. Investors should visit the Stockperks app for more details on how to claim Matterport shareholder perks. "We're excited to partner with Stockperks and provide our retail investors an opportunity to experience Matterport solutions firsthand, enhancing their understanding of the company and providing a new way for us to connect with retail shareholders directly," said JD Fay, Chief Financial Officer of Matterport.
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SOFI BLK | Hot Stocks09:14 EDT SoFi and BlackRock partner on $375M personal loan securitization - SoFi Technologies (SOFI), announced an agreement to place a $375M personal loan securitization exclusively with funds and accounts managed by BlackRock (BLK) investment advisors. "Our access to different sources of capital is a critical component to growing our lending capabilities and better serving our members," said Anthony Noto, CEO of SoFi. "BlackRock's great collaboration, seamless execution, and ability to invest across the entire capital structure made them an exceptional partner."
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HWKN | Hot Stocks09:12 EDT Hawkins to add six water treatment locations with acquisitions - Hawkins announced that it has completed the acquisition of Water Solutions Unlimited and has entered into a definitive agreement to acquire the assets of The Miami Products & Chemical Company. Water Solutions mainly serves municipal customers in Indiana, Michigan, Illinois and Kentucky, and Miami Products manufactures bleach and serves the commercial pool business under the brand name Sanygen and sells to municipal customers in Ohio and the surrounding region. The acquisition of Miami Products is expected to close within the coming weeks. "These acquisitions continue to grow our Water Treatment footprint and provide an expanded product offering to our customers," said President and Chief Executive Officer, Patrick Hawkins. "Hawkins' annual proforma combined revenue is now expected be approximately $1 billion and the number of our Water Treatment locations we operate out of has increased from 40 to 46. Water Solutions and Miami Products are considered premier providers in the states they serve and, a lot like Hawkins, create value for their customers through superb customer service and support, quality products and customized applications. In addition, the bleach manufacturing capabilities that Miami Products brings to us in Southwestern Ohio will provide support to current Hawkins Water Treatment sites in that region."
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PBPB | Hot Stocks09:12 EDT Potbelly announces 40-shop agreement with Royal Restaurant Group - Potbelly announced the completion of a 40-unit agreement with Royal Restaurant Group, a national franchise group that successfully operates restaurant locations for global brands. The agreement will involve the future development of 36 Potbelly shops in markets across both Ohio and Florida. As part of the deal, Potbelly will also refranchise four locations in the greater Columbus, Ohio region. "We're delighted to have Royal Restaurant Group join the Potbelly system and further our growth in several key areas of the U.S.," said Bob Wright, President and CEO of Potbelly. "The Royal Restaurant Group team knows what it takes to successfully develop and operate franchise locations for large-scale restaurant brands, and they share our values of leading with respect and integrity while prioritizing high-quality and great customer service. I have no doubt their expertise will benefit our company and help support our long-term goals."
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VZ | Hot Stocks09:11 EDT Verizon, Baltimore Ravens renew partnership for M&T Bank Stadium - Verizon and the Baltimore Ravens have renewed their partnership, which will continue a mutual commitment to boosting connectivity and enhancing the fan experience at M&T Bank Stadium and beyond. Additionally, as the "Official 5G Network of the Baltimore Ravens," Verizon will join the Ravens to help fans score big at a Nov. 3 Ravens Purple Friday event in Frederick, Md.
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LPLA | Hot Stocks09:11 EDT LPL Financial: 360 Wealth Advisors joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisors Michael Pumo and David DiRe have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $250 million in advisory, brokerage and retirement plan assets, and join LPL from UBS. With the move, Pumo and DiRe launch 360 Wealth Advisors, an independent financial practice based in Austin, Texas. The name of the firm is a nod to both Austin's award-winning and uniquely designed Pennybacker Bridge, more commonly known as the 360 Bridge, and the type of experience they want to provide for their clients - the ability to see everything around them with no blind spots.
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SPCB | Hot Stocks09:10 EDT SuperCom receives third order from Romania for over $3.4M - SuperCom received a third order by Romania's Ministry of Interior, extending their partnership in Romania's National Electronic Monitoring Project. The order is valued at approximately $3.4M and is anticipated to be delivered by the end of Q4. Building upon the execution of two prior orders totaling approximately $15.1M, this order continues the expansion of Romania's EM program based on SuperCom's PureSecurity Suite for domestic violence monitoring, GPS Tracking of offenders, and home detention monitoring. SuperCom's PureSecurity Suite is an end-to-end electronic monitoring solution with GPS tracking, communication, monitoring technologies, and a software platform providing real-time tracking and reporting.
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GOVX | Hot Stocks09:09 EDT GeoVax Labs commences site expansion for Phase 2 trial of COVID-19 vaccine - GeoVax Labs has commenced the planned site expansion for the Phase 2 clinical trial investigating its next-generation SARS-CoV-2 vaccine, GEO-CM04S1, as a primary vaccine in immunocompromised patients. In addition to study enrollments completed at the City of Hope Medical Center, the trial will be initiating enrollment of eligible patients at Wake Forest Baptist Medical Center, the University of Massachusetts Medical Center, and Fred Hutchinson Cancer Research Center. The Phase 2 clinical trial is evaluating the safety and immunogenicity of GEO-CM04S1, compared to either the Pfizer/BioNTech or Moderna mRNA-based vaccine, in patients with hematologic malignancies who have received either an allogeneic hematopoietic stem cell transplant, an autologous hematopoietic stem cell transplant or chimeric antigen receptor T cell therapy. Such patients often have difficulty mounting an adequate protective antibody response after receiving currently available COVID-19 vaccines. A recent publication in Vaccines from the open-label portion of the trial indicates that GEO-CM04S1 is highly immunogenic in these patients, inducing both antibody responses, including neutralizing antibodies, and T cell responses against ancestral as well as recently evolved SARS-CoV-2 virus strains. These data support the progression of the Phase 2 clinical study, which includes a direct comparison to currently approved mRNA vaccines.
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OSIS | Hot Stocks09:09 EDT OSI Systems receives $4M award for patient monitoring systems - OSI Systems announced that its Healthcare division, Spacelabs Healthcare , has received an order valued at approximately $4M to provide patient monitoring solutions and related accessories to a U.S. based hospital. The Company expects to install its Xhibit Central Stations with XTR Telemetry, and Qube bedside patient monitors. Deepak Chopra, OSI Systems CEO, commented, "We are glad to team up with this hospital and are ready to deploy our advanced patient monitoring solutions to support thorough patient care."
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INMB | Hot Stocks09:08 EDT INmune Bio presents preclinical data at SITC 2023 on INB03 - INmune Bio is presenting data on the use of INB03, a dominant-negative inhibitor of soluble TNF in the treatment of high-risk MUC4 expressing HER2+ breast cancer. Roxana Schillaci Ph.D. of Instituto de Biologia y Medicina Experimental in Buenos Aries, Argentina, will present her work at the 38th annual Society of Immunotherapy in San Diego, California which runs from November 1-4. The poster entitled "INB03: a new immune checkpoint inhibitor that reprograms polarization and promotes ADCP in human macrophages," shows that INB03 is an innate immune checkpoint inhibitor working through the SIRPalpha-CD47 pathway to promote ADCP. SIRPalpha is a surface protein expressed by macrophages that binds to CD47 expressed by tumor cells. SIRPalpha-CD47 is known as the "don't eat me" signal that prevents phagocytosis of tumor cells and promotes resistance to immunotherapy. INB03 downregulates SIRPalpha expression to eliminate the "don't eat me signal" and promote ADCP. Inhibition of the SIRPalpha-CD47 pathway has focused predominately on targeting CD47 with anti-CD47 therapeutics. Targeting SIRPalpha may provide differentiated pharmacokinetic, safety, and efficacy profiles.
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MCD | Hot Stocks09:08 EDT McDonald's sees cost inflation headwinds continuing in Q4
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SLS | Hot Stocks09:07 EDT Sellas Life Sciences receives Fast Track designation for SLS009 - SELLAS Life Sciences Group announced that the U.S. Food and Drug Administration has granted Fast Track Designation to SLS009, its novel and highly selective CDK9 inhibitor, for the treatment of relapsed/refractory Peripheral T-cell Lymphomas. The Fast Track designation is intended to facilitate the development and review of drugs to treat serious conditions and fill an unmet medical need. SLS009 demonstrated favorable safety/tolerability and promising clinical efficacy in the recently completed dose-escalation portion of the Phase 1 trial in r/r hematological malignancies. Complete or partial responses were observed in acute myeloid leukemia and lymphoma patients among which four out of eleven patients with PTCL achieved clinical responses including one in continuous treatment for over 56 weeks. The current standard of care for PTCL, belinostat, approved for r/r PTCL, showed in its pivotal Phase 2 study a 25.8% response rate in a similar patient population to that in the SLS009 Phase 1 clinical trial. An open-label, single-arm Phase 1b/2 trial of SLS009 to evaluate safety and efficacy in r/r PTCL, at the recommended phase 2 dose of 100 mg once per week, is ongoing in China and, based on the results, may serve as a registrational study. This initial PTCL study, which will enroll up to 95 patients, is fully funded by GenFleet Therapeutics. The Company is also actively pursuing potential Breakthrough Therapy designation from the FDA for SLS009 for the treatment of r/r PTCL and has a scheduled meeting in the fourth quarter of 2023 to discuss with the FDA.
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SISI | Hot Stocks09:07 EDT Shineco opens a healthy food restaurant with a focus on nutrition - Shineco announced the grand opening of its first carry-out restaurant which will sell Shineco's new healthy and nutritious food brand, 'Meida Nutritionary Restaurant". Shineco's first carry-out restaurant is located on Baihuazhou Road, Cangshan, Fuzhou City, China. Shineco's official entry into the healthy food market represents a further evolution of the medical and health company's operations, which has been long engaged in the field of life sciences. Commenting on Shineco's entry into the healthy prepared carry-out market, CEO Jennifer Zhan said, "We believe that healthy meals is a large market with steady growth potential. Our advantage lies in our life science research and findings as well as our abundant health industry resources. Today, through the integration of these advantages, Shineco has introduced a series of healthy meals available in our carry-out restaurant with nutritious and health intervention features for consumers, which we believe will completely refresh the current status of the carry-out prepared meals market. We look forward to developing a restaurant chain based on healthy prepared meals and encouraging the entire industry to develop in a healthier and more functional direction."
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MARK... | Hot Stocks09:07 EDT Remark Holdings, Arrow Electronics, Intel sign sales and marketing collaboration - Remark Holdings (MARK) announced a sales and marketing initiative with Arrow Electronics (ARW) and Intel (INTC). This collaborative initiation broadens Remark's reach to Arrow's more than 200,000 customers, providing them with Intel-powered AI servers that run Remark's Smart Safety Platform, with Arrow providing distribution, inventory, and logistical sales support.
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ADM | Hot Stocks09:07 EDT ADM and Solugen announce biomanufacturing facility in U.S Midwest - Solugen and ADM announced a strategic partnership to scale a range of innovative, plant-based specialty chemicals and bio-based building block molecules in a new manufacturing facility in Marshall, Minnesota. Under the terms of the agreement, Solugen will build a new 500,000-square-foot biomanufacturing facility adjacent to ADM's existing corn complex in Marshall. The facility will utilize ADM-provided dextrose to scale its current line of lower-carbon organic acids and develop new, innovative molecules to replace existing fossil fuel-based materials. The companies also plan to collaborate on commercialization opportunities of these biomaterials for a range of applications including energy, water treatment, agriculture, construction materials, cleaning, personal care, and more. "The strategic partnership with ADM will allow Solugen to bring our chemienzymatic process to a commercial scale and meet existing customer demand for our high-performance, cost-competitive, sustainable products," said Gaurab Chakrabarti, Co-Founder and CEO of Solugen. "As one of the few scaled-up and de-risked biomanufacturing assets in the country, Solugen's Bioforge platform is helping bolster domestic capabilities and supply chains that are critical in ensuring the U.S. reaches its ambitious climate targets." Leveraging a first-of-its-kind combination of computationally engineered enzymes and metal catalysts, Solugen's Bioforge converts plant-derived substances into essential materials that have traditionally been made from fossil fuels. The high efficiency and scalability of Solugen's process can offer a significant reduction in carbon footprint compared with conventional ingredients.
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CARG TALK | Hot Stocks09:07 EDT CarGurus appoints Palazzo as CFO - CarGurus (CARG) announced the appointment of Elisa Palazzo as its Chief Financial Officer, CFO, effective December 4, 2023. Reporting to CarGurus Chief Executive Officer Jason Trevisan, Palazzo will lead financial operations and strategy to support the company's goal to build a powerful transaction-enabled destination that supports the full lifecycle of a vehicle transaction. Palazzo currently serves as Deputy CFO and Senior Vice President of Finance at Talkspace (TALK)
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ZM | Hot Stocks09:06 EDT Zoom AI Companion hits 1M meeting summaries milestone - Zoom Video Communications announced that Zoom AI Companion, the company's generative AI assistant, has reached a milestone less than two months after its launch, with more than 125,000 accounts using AI Companion, generating more than one million meeting summaries. Zoom also announced new capabilities, additional language support, and further enhancements to existing capabilities for AI Companion.
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PH | Hot Stocks09:05 EDT Parker-Hannifin announces leadership changes for key operating groups - Parker Hannifin announced that William Bowman, Vice President and President - Fluid Connectors Group, and Roger Sherrard, Vice President and President - Aerospace Group, will retire on December 31, 2023. The Board of Directors has elected Patrick Scott, currently Vice President of Operations - Aerospace Group, to succeed Mr. Bowman as Vice President and President - Fluid Connectors Group, and Jay Reidy, currently Vice President of Operations - Aerospace Group, to succeed Mr. Sherrard as Vice President and President - Aerospace Group, each effective January 1, 2024.
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LIQT | Hot Stocks09:04 EDT LiqTech signs distribution agreement in Middle East for water treatment solution - LiqTech has entered a new agreement for the distribution of LiqTech's Aqua Solution swimming pool water filtration systems covering the Middle East. LiqTech has partnered with UK and Dubai-based Barr + Wray to distribute the Aqua Solution to Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
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GVP | Hot Stocks09:02 EDT GSE Systems wins new contracts for continued engineering services - GSE Systems has been awarded in excess of $0.5M in contracts to provide Engineering Program updates for two large nuclear power customers in U.S. and U.K. Much of the proceeds from these contracts will provide ASME Code Program updates for Britain's biggest generator of zero-carbon electricity. Both new contracts include Appendix J License Amendments, In-Service Testing service updates, and training courses.
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BKYI | Hot Stocks08:54 EDT BIO-key announces Montenegro Ministry of Defense deploys AuthControl Sentry - BIO-key International announced that the Ministry of Defense of Montenegro has deployed AuthControl Sentry for secure IAM for all of the Ministry's government employees through BIO-key EMEA.
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TZUP | Hot Stocks08:53 EDT Thumzup welcomes Rutean to cash rewards platform - Thumzup Media welcomes Rutean to its AdTech platform, offering cash rewards for user-generated social media content. The Thumzup mobile app, which is available for download in the App Store and Google Play, incentivizes virtually everyone to become social media advocates for the brands they enjoy by paying them cash for approved posts.
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MCD | Hot Stocks08:53 EDT McDonald's: 'Best Burger' initiative has been scaled to over 70 markets
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SNBR | Hot Stocks08:49 EDT Sleep Number shareholders Blue Clay Capital comments on board nominations - Sleep Number shareholders Blue Clay Capital CO III, who through combined interests currently own over 1% of Sleep Number, issued a letter to the board which states, among other things, the following: Blue Clay sought shareholder board representation in 2015 and "was rebuffed by the board and management. Since we withdrew our proxy on May 15, 2015, Sleep Number has declined 46% vs. a 161% gain for Tempur-Pedic and 125% gain for the S&P 500. This significant and unacceptable absolute and relative performance is due to extremely poor management decisions and execution, ineffective strategic decisions and a lack of accountability in management and governance. We share Stadium's concerns communicated in their press release about misallocation of capital and resources, ineffective strategy, untimely stock repurchases, excessive executive compensation and other issues that have led to weak operating margins and a poor capital structure, resulting in Sleep Number's long-term share price underperformance...We urge Sleep Number to immediately elect three Stadium Capital nominees to the board. We are concerned with the board's unacceptable response to Stadium. Any further delay addressing the serious concerns raised by shareholders will only continue the long-term pain shareholders have endured. Immediate action is needed."
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KULR | Hot Stocks08:47 EDT KULR Technology, U.S. Army extended previously awarded contract - KULR Technology announced an extension to its previously awarded contract with the United States Army following promising initial results. The Army has extended its collaboration with KULR to continue the development, testing, and analysis of next generation lithium-ion battery cells incorporating the Company's battery storage platform, KULR ONE Design Solutions. The development activities that began in April 2023, continue to progress and, are slated to run through 2024. "This extension serves as a testament to the transformative potential of our technology and the trust the US Army has put in us to partner with them to achieve their goal of developing state-of-the-art energy storage solutions," said KULR CEO Michael Mo. "To be trusted by the US Army to provide cutting edge effectiveness and safety in energy solutions to our soldiers is an honor. We look forward to completing our extensive K1-DS design and testing process so the Army can move into production as soon as possible of these next generation energy storage solutions that meet the Army's high technical and safety standards."
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CNDT | Hot Stocks08:46 EDT Conduent announces Conduent CXNow, a digital customer experience offering - Conduent announced Conduent CXNow, a digital Customer Experience-as-a-Service offering for commercial and government clients. The solution is designed for mid- to large-sized businesses and state, local and federal government agencies to quickly deploy customer experience management. CXNow leverages artificial intelligence to provide chatbots, sentiment analysis and predictive engagement. "Companies understand the benefits of high-caliber customer experiences, but many are challenged to implement solutions because of scale, investment or implementation risks. CXNow's cloud-based solution is flexible and scalable to meet the needs of a broad range of industries," said Cliff Skelton, Conduent President and Chief Executive Officer. "Conduent enables 1.3 billion customer service interactions annually, drawing on our 30-year experience to help our clients achieve their business goals through people, processes and advanced technology, including AI."
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KVHI | Hot Stocks08:46 EDT KVH Industries, Kognitive Networks sign exclusive maritime agreement - KVH Industries and Kognitive Networks announced an exclusive, multi-year maritime agreement. KVH will integrate Kognitive's suite of enterprise-grade network and bandwidth management tools into KVH's mobile communication service offerings. Kognitive's software will become an integral element of KVH's multi-orbit, multi-channel marine communication solutions.
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WDC | Hot Stocks08:44 EDT Western Digital to separate HDD, Flash businesses - Western Digital announced its board of directors has unanimously approved a plan to separate its HDD and Flash businesses. The transaction also provides strategic optionality for both businesses. The separation is intended to be structured in a tax-free manner and is targeted for the second half of calendar year 2024. In completing its strategic review after fully evaluating a comprehensive range of alternatives, Western Digital has determined that to realize its full value, spinning off its Flash business is the best, executable alternative at this time. To that end, Western Digital believes the current timing for implementing a stand-alone separation strategy is advantageous in its efforts to create shareholder value as industry conditions improve. The final determination to separate will be subject to board approval, the execution of definitive documentation, receipt of opinions or rulings as to the tax-free nature of the transaction, and satisfaction of customary conditions, including effectiveness of appropriate filings with the U.S. Securities and Exchange Commission, the completion of audited financials, and the availability of financing.
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SHOT | Hot Stocks08:43 EDT Safety Shot announces direct-to-consumer launch of Safety Shot - Safety Shot announced the direct-to-consumer launch of Safety Shot, the first patented beverage on Earth that helps people feel better faster by reducing blood alcohol content and boosting clarity, in the first week of December 2023. The Company plans to launch business-to-business sales of Safety Shot to distributors, retailers, restaurants, and bars in the first quarter of 2024. "We're very excited to launch Safety Shot through our multichannel strategy designed to dominate e-commerce, quickly win retail shelf space, and establish longstanding ties with key distribution and sales partners," stated Safety Shot's CEO Brian John. "Led by our executive managed team that has launched numerous successful brands and business and led sales into the billions at companies including Anheuser Busch, and supported Advantage Solutions as well as our growing roster of brand ambassador influencers, we are confident that Safety Shot will become a blockbuster product creating a new category in the beverage industry."
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FOXO | Hot Stocks08:42 EDT FOXO Technologies unveils plans for new direct-to consumer offering - FOXO Technologies announced plans for a new subscription-based, direct-to-consumer product offering that will provide personalized health and wellness recommendations, by combining: FOXO's machine learning models to analyze epigenetic biomarkers; the Company's expertise and algorithms correlating epigenetic analysis with health outcomes; and published, peer-reviewed, clinical data and other verified, third-party health resources. In connection with the new offering, the Company also announced it has formed a collaboration with KR8.ai Inc. and secured an exclusive license to KR8's AI-based software to support the development and commercial launch of the new health and wellness offering. Mark White, Interim CEO of FOXO Technologies, stated, ...we intend to combine these inputs, through the power of AI, with massive health data sets, such as peer-reviewed clinical studies and other verified health resources, to provide a comprehensive risk analysis and actionable health insights. By leveraging the KR8 software with FOXO's epigenetic expertise and growing patent estate, we look forward to empowering consumers to better manage their own health." "To enhance our commercial launch, we look forward to integrating KR8's AI-driven analytic software and proprietary algorithms to cost-effectively drive social media campaigns, as well as leverage their broad network of social media influencers with a goal of rapidly scaling FOXO's new direct-to-consumer offering.
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PHUN MAR | Hot Stocks08:41 EDT Phunware partners with Wailea Beach Resort - Phunware (PHUN) has announced that Wailea Beach Resort is deploying its enhanced Smart Hospitality Solution as part of a three-year-long contract. The updated version of the platform guides guests through the 22-acre property and drives them to the many amenities and dining options available, thus generating new revenue and improving the guest experience at Wailea Beach Resort - Marriott, Maui, which is part of the Marriott International (MAR) portfolio of brands. By leveraging Phunware's platform, Wailea Beach Resort also has the ability to extend the capabilities of its Smart Hospitality Solution in the future with additional integrations to support business systems such as on-demand ordering, concierge communication, and loyalty programs. "We are delighted to collaborate with the forward-thinking team at Wailea Beach Resort to unveil the enhanced version of our Smart Hospitality Solution," said Mike Snavely, CEO of Phunware. "Our goal is to empower guests with seamless navigation through this luxury property, ensuring they can fully explore the wealth of amenities available at Wailea Beach Resort. In addition to giving guests a more pleasant and technologically advanced experience, our software provides Wailea Beach Resort with the opportunity to maximize its top line by way of mobile engagement and generating profitable behavior."
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MCD | Hot Stocks08:40 EDT McDonald's still outpacing competitors, says CEO
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JAGX FLHLF | Hot Stocks08:40 EDT Magdalena recieves second tranche of funding from One Small Plaent - Jaguar Health announced that Magdalena Biosciences, the joint venture recently formed by Jaguar and Filament Health, to develop novel, natural prescription medicines derived from plants for mental health indications such as depression, anxiety, attention-deficit/hyperactivity disorder and other possible neuropsychiatric conditions initially in adults, has received the second tranche of funding from One Small Planet. As announced, Boulder, Colorado-based One Small Planet, founded by Will Peterffy, committed to initial funding of $1,000,000 for Magdalena, with the funds payable in quarterly installments in 2023 based on the achievement of defined milestones by Magdalena.
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GROM | Hot Stocks08:40 EDT Grom Social Enterprises, Dynamite Entertainment to release four titles - Curiosity Ink Media, subsidiary of Grom Social Enterprises and publishing partner Dynamite Entertainment, will release four publishing titles inspired by modern holiday magic with a contemporary twist. Titles including Snow Boy, Baldwin's Big Christmas Delivery and How the North Pole Works will be available on October 18, and How the Gherkins Stole Christmas will be accessible October 25 via Santa.com and other major online retailers. "The holidays are a wonderful time of year, and books and graphic novels are a perfect way for young readers and families to come together and celebrate," said Nick Barrucci, Dynamite CEO and Publisher. "With both original stories from incredible writers and artists, and top franchises like Cats vs Pickles, we're really proud to be distributing these titles with our partners at Curiosity."
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MCD | Hot Stocks08:39 EDT McDonald's has seen broad-based momentum across business over Q3, says CEO
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ZIVO | Hot Stocks08:39 EDT Zivo starts efficacy study of immune modulating to treat coccidiosis in chickens - Zivo Bioscience announces the initiation of a 42-day study to further validate the efficacy of its novel immune-modulating treatment for coccidiosis in broiler chickens. ZIVO is developing a product candidate for use in poultry feed that is designed to boost immune response, allowing birds to effectively combat coccidiosis and reduce the negative effects of the disease without the use of antimicrobial compounds. The 42-day study is intended to confirm the previously-reported positive effects of ZIVO's non-antibiotic alternative for maintaining broiler health against a significant coccidiosis challenge, including reduced mortality and reduction in the incidence and severity of intestinal lesions that adversely affected bird growth rates and feed efficiency. ... "Our coccidiosis product candidate holds potential to transform poultry health management. We are optimistic about this newest study given prior test results that substantiated the candidate's efficacy not only in mitigating or eradicating the detrimental impacts of coccidiosis on digestive health in broiler chickens, but also in aligning the cost per bird with that of traditional antibiotics and chemicals," said John Payne, Chairman and Chief Executive Officer of ZIVO Bioscience. "Furthermore, it has demonstrated a remarkable reduction in the prevalence of major foodborne pathogens such as Campylobacter, Salmonella, E. coli, and Clostridium perfringens in the broilers' digestive tract, without relying on antibiotics or or other antimicrobial agents."
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MCD | Hot Stocks08:39 EDT McDonald's expects macro environment to remain uncertain - Comments taken from Q3 earnings conference call.
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AFCG | Hot Stocks08:37 EDT AFC Gamma announces appointment of Neville as new CEO - AFC Gamma announced the appointment of Daniel Neville, as its new Chief Executive Officer, effective November 13, 2023. Most recently, Neville served as the Chief Financial Officer for Ascend Wellness Holdings, a leading multi-state, vertically integrated cannabis operator. He succeeds Leonard Tannenbaum, who will transition from his role as Chairman of the Board and Chief Executive Officer to Executive Chairman and Chief Investment Officer, effective as of November 13, 2023.
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SGBX | Hot Stocks08:37 EDT SG Echo awarded additional multi-million contract to supply modular units - Safe & Green announced that SG Echo, a subsidiary of Safe & Green Holdings Corp., has entered into an agreement to provide 40 additional units to an existing customer, which is expected to generate revenue in excess of $2M starting in Q4, with estimated completion during 2024.
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DRTS | Hot Stocks08:37 EDT Alpha Tau enters into long-term lease of site in New Hampshire - Alpha Tau Medical announced that its U.S. subsidiary, Alpha Tau Medical Inc., has entered into a long-term lease agreement for a standalone building of over 14,000 rentable square feet in Hudson, New Hampshire, with the intention of erecting the Company's second U.S. manufacturing site, alongside its first site in nearby Lawrence, Massachusetts.
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OTLY | Hot Stocks08:35 EDT Coffee Fellows to make Oatly Barista available in 275 locations - Oatly Group announced that one of Germany's largest coffee chains, Coffee Fellows, will make Oatly Barista available in 275 of its locations across Germany, Austria, Belgium, Luxembourg and the Netherlands. Coffee Fellows' customers can now enjoy all its coffee specialties dairy-free at no extra charge.
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LNG | Hot Stocks08:35 EDT Cheniere Energy increases quarterly dividend 10% to 43.5c per share - Cheniere Energy announced that its board of directors has declared a quarterly cash dividend of 43.5c per common share, an increase of approximately 10% from the prior quarter, payable on November 17 to shareholders of record as of the close of business on November 9.
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GSM | Hot Stocks08:35 EDT Ferroglobe acquires high-purity quartz mine for $11M in cash - Ferroglobe announces the acquisition of a strategic, high-purity quartz mine in South Carolina, U.S. The purchase price was approximately $11 million in cash with an additional $4 million expected in capital expenditures to build out the infrastructure, including rail access, loadout, and a processing facility. High-purity quartz is the key raw material in the supply chain and is required for the production of high-purity silicon metal, which is used in applications for solar and advanced battery technologies. These end markets are expected to experience dramatic growth in the coming years, driven by secular trends in the market. In addition, the U.S. is making significant investments in its solar value chain and advanced battery technologies, evidenced by the Department of Energy's addition of silicon to its critical materials list. This acquisition helps ensure that Ferroglobe has access to this critical material, enabling it to meet the increasing demand for high-purity silicon metal. The South Carolina mine has the capacity to produce more than 300kt of high-purity quartz per year, with more than ten years of reserve life. It is located near a rail line with a lower cost of production than Ferroglobe's existing quartz operations in Alabama. Production is expected to begin in the second half of 2024. The purchase of the mine is part of Ferroglobe's long-term strategy to be fully self-sufficient in quartz supply, a critical raw material in the production of silicon metal. This transaction increases the company's global vertical integration in quartz supply, with the U.S. becoming fully backward integrated.
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OWL | Hot Stocks08:33 EDT Blue Owl Capital to acquire funds managed by Cowen Healthcare Investments - Blue Owl Capital will acquire funds managed by Cowen Healthcare Investments - CHI -, a life sciences investment manager, from Cowen Investment Management, or CIM. The transaction is subject to customary closing conditions and expected to close in Q4. The acquisition will add approximately $1B in assets across several funds. The CHI team will become full-time Blue Owl employees, including senior leaders Kevin Raidy, Tim Anderson and Rob Sine. Upon completion of the transaction, CHI's funds will be rebranded to Blue Owl Healthcare Opportunities. Blue Owl's Life Science efforts are focused on credit, royalty and growth equity investments in biopharmaceutical, medical technology, and healthcare companies and products. As part of Blue Owl, CHI will continue to invest primarily in mid-development stage biotherapeutics.
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CSPI | Hot Stocks08:23 EDT ARIA Cybersecurity secures first customer for AZT PROTECT - ARIA Cybersecurity Solutions has announced the first customer for its latest solution, AZT PROTECT, which provides proactive cyberattack protection for Operational Technology environments. The patented, AI-powered solution is being deployed by a large, Fortune-500 chemical manufacturer to protect its critical production applications from all forms of attack, enabling production lines to continue running without disruption.
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ETR | Hot Stocks08:22 EDT Entergy selling gas distribution business to Bernhard Capital Partners for $484M - Entergy has entered into an agreement to sell its gas distribution business to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for approximately $484M in cash, subject to certain purchase price adjustments. Entergy Louisiana's gas business serves approximately 95,000 homes and businesses in the Baton Rouge area, and Entergy New Orleans' gas business serves approximately 109,000 homes and businesses in New Orleans. If approved, the net proceeds from the transaction will be used to strengthen Entergy's credit through the repayment of debt and to support capital needs in its electric utility business. The impact on Entergy's adjusted EPS outlook is expected to be essentially neutral. Based in Baton Rouge, Louisiana, Bernhard Capital focuses on investing in companies that provide critical services to government, infrastructure, industrial, utility and energy sectors, as well as investing in utility assets. The sale is expected to close in approximately 21 months, inclusive of the regulatory review process and a transition period.
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CRECF | Hot Stocks08:20 EDT Critical Elements Lithium obtains Transport Canada dewatering exemption - Critical Elements Lithium announced having obtained an order from the Minister of Transport of Canada exempting the Corporation from the prohibition to dewater navigable waters under the Canadian Navigable Waters Act impacting 28 navigable waters located either on top of or around the perimeter of the future open pit mine site for the Rose Lithium-Tantalum project. Indeed, Subsection 23(1) of the CNWA prohibits taking any action, such as dewatering, that lowers the water level of a navigable water or any part of a navigable water to a level that extinguishes navigation for vessels, unless the Minister of Transport receives an application for an exemption and the Governor in Council is satisfied that it would be in the public interest to permit the dewatering that extinguishes navigation. Following a detailed review and analysis of the Corporation's request, Transport Canada concluded that it would be in the public interest to permit the dewatering, thereby reducing water levels in the 28 navigable waters and making navigation impracticable. As a result, an exemption was granted to the Corporation pursuant to subsection 24(1) of the CNWA. As mentioned in the Order, despite the dewatering, mitigation measures relevant to navigation have been implemented to assist in safeguarding Indigenous trapping rights, such as relocation of a camp used for trapping and a beaver management plan. Furthermore, navigation is not the main means of transportation to access the territory. Access to the territory can and is being achieved by additional methods such as snowmobiles, all-terrain vehicles and/or snowshoes/foot. Second, the anticipated creation of 580 jobs from the mining project in an area with a population of only 760 people is expected to be a significant benefit to the local economy. Finally, the Order mentions that the mining project itself would help facilitate obtaining the raw materials needed in the manufacture of the essential parts of zero-emission vehicles, thereby contributing to ZEV availability to improve air quality.
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LSPD | Hot Stocks08:19 EDT Lightspeed announces global rollout of its 'Meet or Beat Promise' - Lightspeed Commerce announces to all current customers worldwide that it will meet or beat their existing third party payments processing rates when switching over to adopt its unified payments and POS platform, or else exempt customers from mandatory adoption of the platform and corresponding transaction fees. Previously this 'Meet or Beat Promise' was only available in North America. "Now feels like the right time to roll out our 'Meet or Beat Promise' globally," explained JD Saint-Martin, President of Lightspeed. "We've heard great feedback from customers who see tangible benefits to their business by adopting Lightspeed Payments and POS. We've proven that we can offer better payment processing rates for the majority of merchants who switch. And we want to make sure that customers around the world can experience this too." Since the launch, the Company has seen overwhelmingly positive results from thousands of customers around the world who made the switch and are seeing the benefits that one unified suite of tools brings to their business.
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EH | Hot Stocks08:18 EDT EHang continues to promote operations, commercial deployment of EH216-S - EHang announced that the Company is progressing towards obtaining the Production Certificate, PC, and Airworthiness Certificate, AC, for the EH216-S, its self-developed passenger-carrying Unmanned Aerial Vehicle, UAV, system, with the full support from the Civil Aviation Administration of China, CAAC. Under the guidance of the CAAC Central and Southern Regional Administration, EHang is steadily moving towards obtaining the PC and producing EH216-S according to its Type Certificate, TC. Notably, documentation review and most of the definition and practical assessments are completed, with inspection and test at facility before production delivery underway. The initial batch of the EH216-S passenger-carrying UAVs following the TC is scheduled to roll off the production line with customer deliveries in the fourth quarter of 2023. To ensure safety, EHang will closely monitor new routes during the first phase of commercial operations. Moreover, it will position extra observers in areas that are beyond the operators' visual line of sight to satisfy requirements for beyond visual line-of-sight operations. Huazhi Hu, Founder, Chairman, and CEO of EHang commented, "Safety is the lifeline of the aviation industry. Ensuring a rigorous and systematic approach to the research and development, production, operation, and management of aerial vehicles remains a core value for the CAAC, EHang, and all our collaborators. We will continue to innovate and maintain our leading advantages. In accordance with the CAAC's safety standards and airworthiness requirements, we are committed to ensuring the safety of every passenger and cementing a solid foundation for commercial operations. Looking ahead, we will further advance UAV passenger-carrying flight operations and full-scale commercial deployments to achieve milestones in the development of the global low-altitude economy."
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WLDS | Hot Stocks08:18 EDT Wearable Devices announces gesture, voice-control integration for Mudra Band - Wearable Devices announced the integration of a gesture and voice-controlled interface for its Mudra Band for Apple Watch. The company said, "Picture this: complete control at your fingertips, or rather, at the wave of your hand and the sound of your voice. With this groundbreaking integration, Wearable Devices is transforming the way we interact with digital devices. No more tapping, swiping, or even touching - just intuitive, touchless control that feels like magic."
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CPRX | Hot Stocks08:16 EDT Catalyst Pharmaceuticals partners with Sofie's Journey - Catalyst Pharmaceuticals announced that Catalyst will participate in the upcoming 11th Annual Epilepsy Awareness Day & Education Expo, taking place at the Disneyland Hotel in Anaheim, CA, October 30-31, 2023, to raise awareness and education with the epilepsy community. This event is jointly organized by Sofie's Journey and Epilepsy Alliance of America and is the largest gathering of patients, families, and physicians in the U.S.
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OR | Hot Stocks08:16 EDT Osisko Gold announces royalty transaction on Namdini Gold Project in Ghana - Osisko Gold Royalties announces that it has acquired a 1.0% net smelter return royalty covering the Namdini Gold Project in Ghana. Osisko has closed the transaction with Savannah Mining Limited, acquiring a direct interest in 50% of Savannah's 2.0% NSR royalty for total consideration of $35M. Paul Martin, Interim CEO of Osisko commented: "Today's announcement highlights Osisko's continued ability to uncover and execute on accretive precious metals transactions. Namdini is a long-life, low-cost, open-pit gold project located in Ghana, one of West Africa's most prolific gold producing countries. The project is being advanced through construction and into production by Shandong; a company which Osisko is confident will continue to develop and operate the mine in a responsible manner. We look forward to having the 1.0% NSR on Namdini contribute to our near-term cash flows and GEO growth profile."
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ALZN | Hot Stocks08:15 EDT Alzamend Neuro annouces one-for-fifteen reverse stock split - Alzamend Neuro announced that Alzamend's board of directors approved a one-for-fifteen reverse stock split of Alzamend's common stock that will be effective in the State of Delaware at 12:01 a.m. Eastern Time on October 31. Beginning with the opening of trading on October 31, the Company's Common Stock will trade on The Nasdaq Capital Market on a split-adjusted basis under the Company's existing trading symbol "ALZN". The new CUSIP number for the Common Stock will be 02262M407. The reverse stock split is part of the Company's plan to regain compliance with the Minimum Bid Price Requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits.
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V | Hot Stocks08:15 EDT Visa, BMO expand flexible payment options in Canada with installments plans - Visa and BMO announced a new collaboration to provide eligible BMO credit cardholders access to Installments, enabled by Visa. The convenient payment option is expected to launch in 2024 and enables consumers to convert qualifying purchases into smaller, equal payments made over a defined period of time. BMO will be the latest Canadian issuer to launch installments with Visa since its product launch in 2021. The launch will expand on BMO's post-purchase credit card-based installment plan solution, BMO PaySmart. With BMO PaySmart, clients can shop in-person or online, and later convert eligible purchases into installment plan payments through BMO Online Banking. This new offering will make it simple for clients to select an installment option that fits their budget at time of purchase with participating merchants. Like any BMO PaySmart installment plan, clients can then view and manage these plans through BMO Online Banking.
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AMTX | Hot Stocks08:15 EDT Aemetis receives $150M biodiesel supply allocation from India OMCs - Aemetis announced that its Universal Biofuels subsidiary in India, owner and operator of a 60 million gallon per year capacity biodiesel plant located near the Port of Kakinada on the East Coast of India, was selected by India's three government-controlled oil marketing companies to supply an estimated $150 million of biodiesel under cost-plus purchase contracts for approximately 40 million gallons of biodiesel during the one year period starting October 2023. Approximately 70% of the 25 billion gallon diesel market in India is supplied by the OMCs, with the remaining 30% supplied by private oil refiners. The 2022 Amendment to India's National Policy on Biofuels targets a 5% minimum blend on direct sale of biodiesel by 2030 to expand the domestic production and consumption of biodiesel above the current 1% blend. The National Policy prohibits imports of biodiesel into India.
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ICU | Hot Stocks08:14 EDT SeaStar Medical announces FDA approvable letter for SCD-PED - SeaStar Medical Holding announces that the U.S. Food and Drug Administration's Center for Biologics Evaluation and Research has issued an Approvable Letter for the company's proprietary Selective Cytopheretic Device Pediatric for use in children weighing 10 kilograms or more with acute kidney injury and sepsis or a septic condition requiring continuous kidney replacement therapy in the hospital intensive care unit. As announced in early October 2023, SeaStar Medical expected the FDA to issue this approvable letter within a month of such announcement. The issuance by the FDA of an Approvable Letter is a standard step in the approval process of a Humanitarian Device Exemption application. The Approvable Letter indicates that SeaStar Medical's HDE application substantially meets the requirements for an Approval Order and outlines remaining administrative steps that must be finalized before the HDE can be active for commercialization. For the SCD-PED, these include revisions to product labeling and minor modifications to the post-approval study plan. SeaStar Medical intends to work diligently with the FDA to complete these action items in the coming weeks and expects to commence commercialization of the SCD by the end of 2023 or the first quarter of 2024. The SCD is a patented, cell-directed, extracorporeal device designed to be used as an adjunct therapy that selectively targets and transitions pro-inflammatory monocytes to promote reparative processes and reduce the acute inflammatory and damaging effects of activated neutrophils. Pooled analysis from two non-controlled studies, SCD-PED-01 and SCD-PED-02 showed that pediatric patients greater than or equal to10kg with AKI requiring CKRT treated with the SCD had no device-related serious adverse events or infections, a 77% reduction in mortality rate, and no dialysis dependency at Day 60. The SCD-PED-01 and PED-02 studies demonstrated 75% and 83% reductions in mortality, respectively.
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LVO | Hot Stocks08:13 EDT Roth CH Acquisition V Co. and Slacker announce expiration of letter of intent - Roth CH Acquisition or "ROCL announced that the exclusivity in its letter of intent with Slacker, LiveOne's wholly owned subsidiary has expired and the parties have mutually agreed to terminate discussions with respect to a potential transaction to acquire Slacker. As a result, ROCL is currently exploring opportunities with other potential merger candidates in order to complete its business combination. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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LFVN | Hot Stocks08:13 EDT LifeVantage CEO Fife sends letter to stockholders - LifeVantage sent the following letter to stockholders from President and Chief Executive Officer, Steven Fife, highlighting the importance of retaining critical directors Garry Mauro, Michael Beindorff and Darwin Lewis to ensure the Company's continued progress: "Direct selling companies have faced a challenging market, and many of our competitors have struggled to adapt to this new environment. Since I joined LifeVantage, our five public direct selling peers have lost nearly 40% of their aggregate enterprise value.1 All but one of our peers are less valuable today than they were six years ago. LifeVantage has avoided the same fate because our Board of Directors, led by Garry Mauro as Chair, recognized these rapidly changing industry dynamics and took decisive action to reposition the Company to address our challenges and capitalize on our many opportunities. The Board led the effort to rebuild our leadership team and refine our strategy... As I write to you, our 2023 Annual Meeting of Stockholders is just days away. At this meeting, two stockholders are seeking to remove three vitally important, experienced directors. In my view, the removal of any of these individuals would be a huge loss for the Company and its stockholders. Garry Mauro, our Chair, is an important voice in our boardroom and is adept at focusing the Board's discussions on critical issues as well as challenging the leadership team to improve performance... Michael Beindorff and Darwin Lewis also have critical roles on the Board, including leading our Compensation Committee and Audit Committee, respectively... During this period of transformation, it is critical that we retain the expertise that Garry, Michael and Darwin uniquely provide. It would be unwise, in my view, to disrupt the balance we have achieved in the boardroom of fresh insights and deep experience and knowledge of our industry, operations and history."
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DAWN | Hot Stocks08:11 EDT Day One announces FDA acceptance of NDA, priority review for tovorafenib - Day One Biopharmaceuticals announced that the U.S. Food and Drug Administration accepted its New Drug Application for tovorafenib as a monotherapy in relapsed or progressive pediatric low-grade glioma. The FDA has granted priority review and assigned a Prescription Drug User Fee Act target action date of April 30, 2024. The FDA is not currently planning to hold an advisory committee meeting to discuss the application. The NDA is based on results from the open-label, pivotal Phase 2 trial evaluating tovorafenib as a once-weekly monotherapy in patients aged 6 months to 25 years with relapsed or progressive pLGG. Updated data was recently disclosed when the Company announced the completion of its rolling NDA submission on September 11, 2023. New, detailed data is expected to be presented at an upcoming medical conference.
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VIR | Hot Stocks08:10 EDT Vir Biotechnology appoints Jennifer Towne, Ph.D., as Chief Scientific Officer - Vir Biotechnology announced the appointment of Jennifer Towne, Ph.D., as Executive Vice President and Chief Scientific Officer, effective November 6. Dr. Towne will be responsible for leading the Company's research function from basic research through scale-up manufacturing and the introduction of drug candidates to clinical trials. She will report to Vir's Chief Executive Officer Marianne De Backer, M.Sc., Ph.D., MBA, and will join the Company's Executive Management Team.
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ME GSK | Hot Stocks08:10 EDT 23andMe enters collaboration extension with data licensing agreement with GSK - 23andMe Holding (ME) announced a new, non-exclusive data license with GSK (GSK) which extends their collaboration and enables GSK to conduct drug target discovery and other research using the 23andMe database. Under an amendment to their Collaboration Agreement, 23andMe will receive a $20 million upfront payment for a one year, non-exclusive data license. The license will also include access to certain services such as further analyses of the 23andMe data not provided in the core data release. "We've had an incredibly successful collaboration with GSK over the past five years, and we are excited to continue our work together," said Anne Wojcicki, CEO and Co-Founder, 23andMe. "With approximately 50 programs developed over the last five years, we are thrilled to work with GSK in discovering genetically validated targets. The continued relationship with GSK demonstrates the power of the 23andMe research platform to consistently produce novel insights for therapeutic development, rooted in human genetics." Under terms of the new data license, 23andMe will provide GSK with access to de-identified, summary data from global genome- and phenome-wide analysis of the 23andMe database, for a 12-month period, and offer its research services for analyses of the data over that same period. Any new drug discovery programs that GSK chooses to initiate during the agreement will be owned and advanced solely by GSK. 23andMe may be eligible for downstream royalties under certain uses of the database by GSK. As part of the amendment, 23andMe is taking the royalty option on three programs previously initiated by the two companies, which GSK will independently advance, with 23andMe retaining certain rights to downstream royalties.
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ENPH | Hot Stocks08:09 EDT Enphase Energy launches IQ8 microinverters, IQ energy router in Switzerland - Enphase Energy announced the launch of IQ8 Microinverters and the IQ Energy Router family of devices in Switzerland. The IQ8 Microinverters include a peak output AC power of 384 W, to support newer high-powered solar modules. The IQ Energy Router integrates with select third-party electric vehicle chargers, while the IQ Energy Router+ works with both third-party EV chargers and heat pumps to integrate into the Enphase Energy System.
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SNCR SFTBY | Hot Stocks08:08 EDT SoftBank Group deploys Synchronoss Personal Cloud - Synchronoss Technologies announced that SoftBank Corp. has deployed Synchronoss Personal Cloud to power its Anshin Data Box service.
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BLUE | Hot Stocks08:08 EDT Bluebird in pact to sell PRV for $103M with approval of lovo-cel for sickle cell - bluebird bio announced that it has entered into an agreement to sell a Rare Pediatric Disease Priority Review Voucher or PRV, if received, in connection with the potential approval of lovotibeglogene autotemcel or lovo-cel for sickle cell disease. Under the terms of the agreement, rights to the PRV will transfer to the buyer and the Company will receive $103M upon closing of the sale, which is contingent upon the U.S. Food and Drug Administration's approval of the biologics license application BLA for lovo-cel and granting of the PRV. The Company's BLA for lovo-cel was previously accepted for priority review by the FDA for patients with sickle cell disease ages 12 and older who have a history of vaso-occlusive events and has a Prescription Drug User Fee Act or PDUFA goal date of December 20. bluebird may be eligible for a PRV should lovo-cel be approved for patients under the age of 18. "The potential sale of a priority review voucher would provide an important source of non-dilutive capital for bluebird ahead of the anticipated launch of lovo-cel," said Chris Krawtschuk, chief financial officer, bluebird bio. "As the FDA completes its review of lovo-cel, our team remains confident in the robustness and maturity of our BLA package for individuals 12 and older with sickle cell disease and looks forward to a regulatory decision by the end of this year." Closing of the transaction remains subject to the approval of lovo-cel and receipt of a PRV from the FDA, as well as customary closing conditions.
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META | Hot Stocks08:08 EDT Facebook, Instagram to offer subscription for no ads in Europe - Meta announced that it will offer people in the EU, EEA and Switzerland the choice to pay a monthly subscription to use Facebook and Instagram without any ads. They can alternatively continue to use these services for free while seeing ads that are relevant to them, Meta said. "We believe in a free, ad-supported internet - and will continue to offer people free access to our personalized products and services regardless of income. Whether people choose to use our products for free with ads or subscribe to stop seeing ads, we are committed to keeping people's information private and secure, under our own policies as well as the EU's General Data Protection Regulation." Reference Link
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GENE | Hot Stocks08:07 EDT Genetic Technologies provides update on activities for the quarter - Genetic Technologies provides an update on the company activities for the quarter ending 30 September 2023. Highlights: Partnership signed with the Gold Coast Private Hospital, to establish a Precision Medicine Clinic at the hospital. GeneType Multi-Test granted approval for Pancreatic Cancer, Melanoma, and Atrial Fibrillation in Australia. Medical Research Future Fund grant names GTG as sole industry partner for trial to assess multi cancer genetic risk assessment in general practice. Receipts from customers was A$2.0 million, in line with the prior quarter and corresponding period. Peer-reviewed research paper validates geneType's Pancreatic Cancer risk test, showing a nearly 50% improvement to the traditional clinical risk score in identifying patients at high risk of developing pancreatic cancer. Environmental, Social, and Governance reporting commenced with the development of a baseline report addressing 21 core metrics set by the World Economic Forum. Commenting on the Company's quarterly performance, Chief Executive Officer Simon Morriss said: "the team has had an exceptionally busy quarter executing on key foundational objectives outlined in the comprehensive strategic review linked to our core revenue drivers and importantly our pathway to profitability."
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VERB | Hot Stocks08:07 EDT VERB's MARKET.live adds MyPillow to roster of brands - Verb Technology Company announced that national brand MyPillow has joined the roster of popular brands and retailers on MARKET.live. With a planned launch of a series of livestream shopping shows hosted by MyPillow CEO Mike Lindell, the shows will feature the company's most popular products. The November 10, 2023 premier event will be broadcast live on MARKET.live and multicast live on many popular social media platform
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SSKN | Hot Stocks08:05 EDT Strata Skin Sciences announces CEO Moccia has stepped down, Rafaeli new CEO - STRATA Skin Sciences announced that the Board of Directors and Bob Moccia have mutually agreed that Moccia will step down as the Company's Chief Executive Officer and member of the Board, as of October 30, 2023. Dr. Dolev Rafaeli has been named the new Vice-Chairman, President and Chief Executive Officer. Dr. Rafaeli as STRATA's President and CEO from 2018 to 2021.
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KPTI BMY | Hot Stocks08:05 EDT Karyopharm signs clinical trial collaboration with Bristol Myers in myeloma - Karyopharm Therapeutics (KPTI) has entered into a clinical trial collaboration and supply agreement with Bristol-Myers (BMY) to evaluate the company's proprietary investigational cereblon E3 ligase modulator agent mezigdomide in combination with Karyopharm's selinexor, an approved first-in-class inhibitor of Exportin 1, plus dexamethasone in patients with relapsed/refractory multiple myeloma. This trial will evaluate mezigdomide in combination with selinexor doses of either 40mg or 60mg plus dexamethasone in patients who have prior exposure to immunomodulatory drug agents, proteasome inhibitors, and anti-CD38 monoclonal antibody treatment. The companies expect to initiate the trial in the first half of 2024. The primary endpoints of this trial are to assess the objective response rate and the clinical benefit rate. Key secondary endpoints include progression-free survival, overall survival and duration of response. In addition, the trial will evaluate dynamic changes in T-cell populations and activity as patients undergo treatment. Under the terms of the agreement with Bristol Myers Squibb, Karyopharm will sponsor the trial as a new arm of Karyopharm's Phase 1b/2 STOMP trial and Bristol Myers Squibb will supply the study's clinical drug mezigdomide.
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CVS | Hot Stocks08:04 EDT CVS Health's Aetna to enter several individual insurance exchange marketplaces - Aetna, a CVS Health company, is entering the following individual insurance exchange marketplaces on January 1, 2024: Maryland, Ohio, Indiana, Kansas, and Utah.
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PHAT | Hot Stocks08:04 EDT Phathom announces U.S. FDA approved PAS for reformulation of vonoprazan tablets - Phathom Pharmaceuticals announced that the U.S. Food and Drug Administration, FDA, has approved the Prior Approval Supplement, PAS, for the reformulation of vonoprazan tablets for both VOQUEZNA TRIPLE PAK and VOQUEZNA DUAL PAK, for the treatment of Helicobacter pylori infection in adults. VOQUEZNA treatment regimens contain antibiotics conveniently packaged with vonoprazan, a novel potassium-competitive acid blocker and the first innovative acid suppressant from a new drug class approved in the U.S. in over 30 years. These initial product approvals were based on safety and efficacy data from the Phase 3 PHALCON-HP trial, the largest U.S. registrational trial ever conducted in H. pylori, randomizing 1,046 patients. In the modified intent-to-treat population, both VOQUEZNA treatment regimens demonstrated non-inferiority to lansoprazole triple therapy in patients without a clarithromycin or amoxicillin resistant strain of H. pylori at baseline. The H. pylori eradication rate was 84.7% with VOQUEZNA TRIPLE PAK compared to 78.8% with lansoprazole triple therapy and 78.5% for VOQUEZNA DUAL PAK compared to 78.8% with lansoprazole triple therapy. VOQUEZNA TRIPLE PAK and DUAL PAK demonstrated superior eradication rates compared to PPI-based triple therapy among all patients, including in patients with clarithromycin resistant strains of H. pylori.1 The H. pylori eradication rate with VOQUEZNA TRIPLE PAK was 80.8% versus 68.5% with lansoprazole triple therapy in the overall study population and in patients who had a clarithromycin-resistant strain of H. pylori, 65.8% vs. 31.9%, respectively. H. pylori eradication rates for VOQUEZNA DUAL PAK were 77.2% versus 68.5% with lansoprazole triple therapy in the overall study population and in patients who had a clarithromycin-resistant strain of H. pylori, 69.6% vs. 31.9%, respectively. Adverse event rates for the vonoprazan-based regimens were comparable to lansoprazole triple therapy in the trial. The most common AEs reported in the VOQUEZNA TRIPLE PAK, VOQUEZNA DUAL PAK, and lansoprazole triple therapy arms, respectively, were diarrhea, dysgeusia, vulvovaginal candidiasis, abdominal pain, headache, hypertension and nasopharyngitis.
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BYSI | Hot Stocks08:04 EDT BeyondSpring regains compliance with Nasdaq minimum bid price rule - BeyondSpring announced that on October 27, 2023, it received a written notification from the Listing Qualifications Department from The Nasdaq Stock Market that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. According to the Notification Letter on Compliance, the staff of Nasdaq has determined that for the 10 consecutive business days, from October 13, 2023 to October 26, 2023, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater, and the Company has regained compliance with the Nasdaq Listing Rule 5550(a)(2) and the bid price deficiency matter as previously disclosed is now closed.
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NXGL ABBV | Hot Stocks08:02 EDT NexGel enters supply agreement with AbbVie - NEXGEL (NXGL) announced that its subsidiary, CG Converting and Packaging, has executed a supply agreement with AbbVie (ABBV) to be a supplier of gel pads to be used with AbbVie's Rapid Acoustic Pulse device being investigated for improvement in the appearance of cellulite.
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FDMT | Hot Stocks08:02 EDT 4D announces plan to lift clinical hold on Phase 1/2 INGLAXA trial for 4D-310 - 4D Molecular Therapeutics announced alignment with the U.S. Food and Drug Administration. FDA, on a plan to lift the clinical hold on the Phase 1/2 INGLAXA clinical trial in the United States for 4D-310 for Fabry disease cardiomyopathy. "We are delighted to have reached an agreement with the FDA on our proposed plan to address the clinical hold and continue trial development," said David Kirn, M.D., Co-founder and Chief Executive Officer of 4DMT. "We have shared with the FDA the totality of the most up to date clinical activity and safety data already generated from INGLAXA trials, as of August 2023, and look forward to progressing this critical work on behalf of all patients with Fabry disease." In January 2023, the Company announced that it would pause enrollment in both the United States and Asia-Pacific trials after observing instances of atypical hemolytic uremic syndrome. Consistent with the Company's plans, the FDA subsequently notified the Company of a clinical hold in the U.S. The Asia-Pacific clinical trial program was not placed on clinical hold by any regulatory agency. The Company's plan includes a single non-clinical study, currently underway, that will evaluate the safety and biodistribution in NHPs of IV 4D-310 with the R/S immunosuppressive regimen compared to the prior prednisone regimen. 4DMT expects to submit the results to the FDA in Q2 2024. In addition, the INGLAXA clinical trial protocol has been amended to minimize the risk of aHUS following IV 4D-310 dosing, including requiring the R/S immunosuppressive regimen.
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OESX | Hot Stocks08:01 EDT Orion Energy releases BABA Act-compliant LED lighting - Orion Energy Systems announced its latest line of LED lighting fixtures that are compliant with the Build America, Buy America Act. These cutting-edge fixtures include LED High Bays, LED Strips, LED Strip Retrofits, LED Troffers, and LED Troffer Retrofits all manufactured at Orion's state-of-the-art facility in Manitowoc, Wisconsin.
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STLA | Hot Stocks07:58 EDT Canada's Unifor confirms tentative agreement reached with Stellantis - Unifor announced that a tentative agreement has been reached with Stellantis ending strike action at all Unifor facilities. "Your bargaining committee continued to work overnight to settle the outstanding issues that remained on the table following the strike deadline. While brief, our strike action was an important act of solidarity and determination. It demonstrated the strength of our union and provided your bargaining team with the means to achieve a tentative agreement that meets both the core economic demands in the union's pattern agreement and our Stellantis specific demands... We firmly believe that this agreement delivers improvements to every Unifor Stellantis member." Reference Link
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TECK | Hot Stocks07:57 EDT Teck Resources president, COO Red Conger to retire - Teck Resources announced that Harry "Red" Conger will retire as President and COO and step down from Teck's board of directors, effective November 1, 2023. CEO Jonathan Price will assume the role of President and CEO, and a search will be conducted to fill the COO role.
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PODC | Hot Stocks07:47 EDT PodcastOne signs multiyear extension on 'top performing' podcasts - PodcastOne has signed deals to extend top performing and fan favorite podcasts LadyGang, Gals on the Go and Melissa Gorga On Display. "PodcastOne prides itself on being talent first and LadyGang, Gals on the Go and Melissa Gorga On Display are some of the most talented hosts in the medium. We're incredibly fortunate to build on a legacy of groundbreaking audio driven entertainment for women. Being able to grow these podcasts in partnership with their hosts has truly been a pleasure over the last several years, and we look forward to what the future has in store," said Kit Gray, President and Co-Founder of PodcastOne.
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REKR | Hot Stocks07:43 EDT Rekor Systems, NextMove enter multi-year strategic partnership - Rekor Systems announced a multi-year strategic partnership with NextMove by Cintra, the digital business venture of Ferrovial's highway division. The partnership aims to accelerate the connected vehicle and infrastructure ecosystem to create safer, more efficient, and sustainable transportation solutions.
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OCTO | Hot Stocks07:42 EDT Eightco Holdings announces initial payment in prepayment, redemption agreement - Eightco Holdings announces the completion of the initial payment as part of the previously disclosed Prepayment and Redemption Agreement entered into by the Company with an accredited investor. With the finalization of the $3,000,000 initial payment, Eightco Holdings Inc. has achieved significant financial milestones, including the full repayment of the 2022 Note, reduction of the 2023 Note, and the complete and permanent redemption of the 2023 Warrant, completing the elimination of all outstanding warrants held by the Investor. In addition, all of the aggregate principal amount outstanding of the 2023 Note is no longer convertible into shares of common stock of the Company, unless an Event of Default occurs and is continuing or unless the Company fails to timely make the payments under the Prepayment Agreement. This milestone signifies a major stride in the Company's ongoing efforts to optimize its financial structure and growth.
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MGDPF | Hot Stocks07:40 EDT Marathon confirms Berry Pit Expansion released from EA process - Marathon Gold Corporation announces that the Honourable Bernard Davis, Newfoundland and Labrador Minister of Environment and Climate Change, has released the proposed addition of the Berry Deposit to the Valentine Gold Project from the provincial environmental assessment, EA, process. The Minister's decision follows regulatory and public review of the Berry Pit Expansion Environmental Registration document, which was submitted to the NL Department of Environment and Climate Change on August 11, 2023. As is customary for projects released from the provincial EA process, the decision letter includes certain terms and conditions with which Marathon must comply, including completion of water-related plans and studies, ongoing caribou monitoring and mitigation, avifauna surveys, and an update to the NL Benefits Agreement to include the Berry Pit Expansion. The conditions are similar to those required in the March 17, 2022 provincial EA Release, which included Leprechaun and Marathon pits, the process plant, and Tailings Management Facility. The Berry EA documentation was also submitted to the Impact Assessment Agency of Canada and on August 30, 2023, Marathon received confirmation from IAAC that the proposed Berry Pit Expansion does not constitute a new Designated Project federally and, as such, a new impact assessment under the Impact Assessment Act is not required.
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CCTS | Hot Stocks07:40 EDT Cactus Acquisition Corp. 1 announces contributions to trust account - Cactus Acquisition Corp. 1 Limited announced several actions being undertaken in anticipation of the previously announced extraordinary general meeting of the Company to be held at 9:00 a.m. Eastern Time/ 3:00 p.m. local time on November 2, 2023 for the purpose of considering and voting on, among other proposals, a proposal to extend the date by which the Company must consummate an initial business combination from November 2, 2023 to November 2, 2024 or such earlier date as may be determined by the Company's board of directors. If the Extension is approved at the Meeting and implemented, the Company's sponsor, Cactus Healthcare Management LP, or its designees will deposit into the Company's trust account the lesser of $20,000 and $0.01 per public share multiplied by the number of public shares outstanding on such applicable date, as a loan, on November 15, 2023 and on the 15th day of each subsequent calendar month until November 2024. The Company has not asked the Sponsor to reserve for, nor has the Company independently verified whether the Sponsor will have sufficient funds to satisfy, any such Contributions. If a Contributor fails to make a Contribution by an applicable Contribution Date, the Company will liquidate and dissolve as soon as practicable after such date and in accordance with the Company's amended and restated memorandum and articles of association. The Contributions will be evidenced by a non-interest bearing, unsecured promissory note and will be repayable by the Company upon consummation of an initial business combination. If the Company does not consummate an initial business combination by the Extended Termination Date, such promissory note will be repaid only from funds held outside of the trust account or will be forfeited, eliminated or otherwise forgiven. Any Contribution is conditioned on the approval of the proposals related to the Extension at the Meeting and the implementation of the Extension. No Contribution will occur if such proposals are not approved or the Extension is not implemented. If the Company has consummated an initial business combination or announced its intention to wind up prior to any Contribution Date, any undertaking to make Contributions will terminate.
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RDW LLY | Hot Stocks07:38 EDT Redwire teams with Lilly on 1st spaceflight mission for pharma drug development - Redwire Corporation (RDW) announced the first spaceflight mission for its cutting-edge in-space pharmaceutical manufacturing platform, PIL-BOX, designed to offer pharmaceutical companies and researchers novel and flexible services to grow small-batch crystals of protein-based pharmaceuticals and other key pharmaceutically relevant molecules for research. The new platform will launch onboard SpaceX's 29th cargo resupply services mission, SpaceX-29, for NASA to the International Space Station, ISS. On the inaugural PIL-BOX-01 mission, Eli Lilly (LLY) partnering with Redwire to conduct three critical experiments focused on developing advanced treatments for diabetes, cardiovascular disease, and pain. "The microgravity environment is a game changer for pharmaceutical drug development, which has a greater than $240B annual spend in 2022, and has tremendous potential to save and improve life on Earth," said Redwire Executive Vice President John Vellinger. PIL-BOX technology builds from Redwire's multi-decade space crystallization flight heritage, which dates back to the space shuttle era through its Advanced Space Experiment Processor. PIL-BOX is being developed in partnership with NASA, through its In Space Production Applications flight demonstrations program, which is focused on stimulating demand in low-Earth orbit.On SpaceX-29, Redwire is also launching materials for an investigation that will bioprint cardiac tissue on orbit using Redwire's BioFabrication Facility, BFF. This type of technology could be used to develop heart patches that can be applied to the outside of damaged hearts and advances our ability to print complex, thick tissues that cannot be produced on Earth. In September, Redwire announced that it had successfully 3D bioprinted the first human knee meniscus on orbit using BFF. The print returned to Earth for further study and analysis.
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DMK | Hot Stocks07:38 EDT DMK Pharmaceuticals announces inducement option grant - DMK Pharmaceuticals announced that the compensation committee of the board of directors approved the grant of a stock option on October 23, 2023, to purchase an aggregate of 70,000 shares of common stock to John W. Dorbin, Jr., a newly hired employee who was appointed as General Counsel and Corporate Secretary of the company. The stock option was granted as a material inducement to his acceptance of employment in accordance with Nasdaq Listing Rule 5635(c)(4). The stock option has a ten-year term and has an exercise price of $0.58 per share, the closing price of the company's common stock on the grant date. The option vests over a four year period, with the option vesting and becoming exercisable with respect to one-eighth of the shares subject to the option on the six month anniversary of the date of first employment and thereafter monthly with respect to 1/48 of the total number of shares subject to the option, provided that the optionee continues to provide service to the company through the applicable vesting dates. The stock option was granted outside of the company's 2020 Equity Incentive Plan.
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STRM | Hot Stocks07:37 EDT Streamline Health announces new eValuator contract - Streamline Health Solutions announced that it has signed a new contract for the use of eValuator with a 1,000-bed, Epic-based academic medical center serving central Florida. "We are pleased that our pre-bill revenue integrity solutions continue to gain market traction with large health systems," stated Ben Stilwill, Chief Executive Officer. "Our team is excited to improve the revenue cycle of these institutions to ensure they are accurately paid for the care they've provided."
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NYAX | Hot Stocks07:36 EDT Nayax enters agreement to acquire Retail Pro International - Nayax will acquire 100% of Retail Pro International. Once closed, the acquisition will meaningfully expand the scope of Nayax's retail business and solutions to over 9,000 retailers with approximately 150,000 POS lanes in more than 100 countries, including access to an extensive, worldwide partner ecosystem of over 80 distributors. The purchase price for the transaction represents an implied enterprise value of $36.5 million on a cash-free debt-free basis, to be paid partially in cash and the remainder in cash or equity, subject to certain earnout targets being met. Management expects that following the closing, the acquisition will be immediately accretive to net income. The closing is expected to be in Q4 2023, subject to the satisfaction of customary closing conditions. Both Nayax and Retail Pro have received unanimous approval by each company's governing body for the transaction. The purchase price for the transaction represents an implied enterprise value of $36.5 million on a cash-free debt-free basis. Nayax expects $2 million of deferred revenue to be treated as a reduction to the purchase price. Purchase consists of an initial payment of approximately $20 million in cash at closing and the remainder, subject to certain earnout targets being met, paid over three years in either cash or equity as determined by Nayax. Nayax expects to finance the initial payment with already committed bank financing. For the fiscal year 2022, Retail Pro generated approximately $14 million in adjusted revenue and approximately $4 million in Adjusted EBITDA. The proposed transaction is expected to deliver both revenue and cost synergies from optimizing the combined operations of Nayax Retail and Retail Pro. The transaction is expected to close in Q4 2023, subject to the satisfaction of customary closing conditions.
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AUVI | Hot Stocks07:36 EDT Applied UV granted new patents by USPTO, enters partnership with Canon Virginia - Applied UV announces that the United States Patent and Trademark Office, USPTO, issued a patent US 2023/0059472 A1 for the Company's Airo Vortex, encompassing advanced disinfection capabilities and Photocatalytic Oxidation. Concurrently, the Company also received publication notice on its Fighter Flex LED. In a groundbreaking development, Applied UV announces the recent approval of a new patent for its Fighter Flex HVAC system. Published on October 12th, 2023, with patent number US 2023/0321309 A1, this patent underscores the innovative capabilities of the Fighter Flex HVAC system in enhancing indoor air quality and promoting healthier environments. These milestones underscore a significant stride in Applied UV Inc.'s capabilities and focus on advancing innovation in the disinfection domain, with an aim to foster safer and healthier environments for all. At the 2023 Global Produce & Floral Show held last week, Applied UV Inc. and strategic partner, Canon Virginia, showcased its next-generation Airocide technology. Furthermore, the Fighter Flex LED, alongside the Puro Protect, are currently undergoing stringent testing by the Federal Government as part of the GSA Green Proving Grounds Program. This initiative is further bolstered by an ongoing partnership for additional testing with Johnson Controls and Ushio at Purdue University. This extensive realm of testing highlights the potential and efficacy of Applied UV Inc.'s technologies in addressing diverse community requisites.
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RVPH | Hot Stocks07:33 EDT Reviva Pharmaceuticals announces Phase 3 RECOVER trial met primary endpoint - Reviva Pharmaceuticals announced positive topline results and successful completion of its pivotal Phase 3 RECOVER trial evaluating the efficacy, safety and tolerability of once-daily brilaroxazine, a serotonin-dopamine signaling modulator in adults with schizophrenia. The trial successfully met its primary endpoint, with brilaroxazine at the 50 mg dose achieving a statistically significant and clinically meaningful 10.1-point reduction in Positive and Negative Syndrome Scale total score compared to placebo at week 4. Brilaroxazine also achieved statistically significant and clinically meaningful reductions in all major symptom domains and secondary endpoints at week 4 with the 50 mg dose vs. placebo. The 15 mg dose of brilaroxazine was numerically superior to placebo on the primary endpoint and most secondary endpoints, and reached statistical significance on two key secondary endpoints. Key clinical safety and tolerability findings of brilaroxazine support a well-tolerated safety profile: No drug related serious adverse events or treatment-emergent SAEs observed or major safety concerns reported for brilaroxazine after 4 weeks of treatment; No incidence of suicidal ideation; No significant change in bodyweight, blood glucose levels, lipids levels, or endocrine hormones compared to placebo; Akathisia and extrapyramidal symptoms less than1% reported for brilaroxazine 50 mg and none for 15 mg; Low discontinuation rates with brilaroxazine that were less than placebo
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MGTX SNY | Hot Stocks07:33 EDT MeiraGTx announces $30M strategic investment from Sanofi - MeiraGTx Holdings announced strategic updates including that Sanofi has made a $30M strategic investment in the Company through the purchase of 4.0 million ordinary shares at a price of $7.50 per share. MeiraGTx CEO Alexandria Forbes continued, "MeiraGTx is a broad-based genetic medicines company, with late-stage clinical programs, world leading end-to-end manufacturing capabilities and infrastructure, and a transformative Riboswitch gene regulation technology. As a result of the breadth of interest over the past several months from multiple parties around mutually beneficial strategic transactions involving certain assets of the Company, we have engaged Evercore and Wachtell Lipton to work with management and our Board of Directors to execute one or more of these additional potential strategic transactions and maximize value for our shareholders."
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SABR | Hot Stocks07:29 EDT Sabre selected by Air India to distribute content to Indian travel agencies - Sabre and Air India, India's global airline, have signed an enhanced distribution deal that builds upon their partnership announced in April 2023. Travel agencies in India will have access to Air India's domestic content through the Sabre Global Distribution System from 1 January 2024, offering Indian travel buyers an expanded portfolio of fares and seats. Air India also has the added ability to distribute New Distribution Capability content globally through Sabre's travel marketplace in the future. This year, the two companies signed a new distribution deal that provided travel buyers globally with access to Air India content through Sabre's travel marketplace. That agreement gave travel agencies outside of India access to Air India's domestic and inter national flight options, while agencies within India could shop international fares. That agreement has now been expanded to include the carrier's domestic content for points of sale within India.
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ATHE | Hot Stocks07:28 EDT Alterity Therapeutics says ATH434-202 trial 'enrolling according to plan' - The ATH434-202 trial is enrolling according to plan. The study is assessing the effect of ATH434 treatment on neuroimaging and protein biomarkers to evaluate target engagement, in addition to clinical measures, safety, and pharmacokinetics. The primary objective of this study is to evaluate the impact of 12 months treatment with ATH434 on brain iron by MRI in a more advanced patient population than is being studied in Alterity's double blind Phase 2 trial. Preliminary data from the first cohort in this study is expected in the first half of 2024.
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ATHE | Hot Stocks07:27 EDT Alterity Therapeutics closes screening for ATH434-201 Phase 2 trial - Alterity announced that screening has closed for its ATH434-201 Phase 2 clinical trial, an important step to completing enrollment in the study. On 26 July, Alterity announced that an independent DMC recommended the trial continue as planned. The DMC conducted a prespecified review of unblinded clinical data from an initial cohort of study participants. The DMC expressed no concerns about safety and recommended that the study continue without modification. This randomized, double blind, placebo controlled clinical trial continues to progress with early-stage MSA participants enrolled in seven countries globally. The trial has been well received by the study investigators as they implement Alterity's state of the art methods to diagnose, treat and track the disease.
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ATHE | Hot Stocks07:26 EDT Alterity Therapeutics reports cash balance of A$16.7M as of September 30 - "Alterity had a great start to the 2024 financial year with significant developments in the first quarter," said David Stamler, M.D., Chief Executive Officer of Alterity. "Our two Phase 2 clinical trials in Multiple System Atrophy are on track as we look to develop a new treatment for this devastating rare disease. Of note, we have closed screening in the ATH434-201 study and expect to close enrollment imminently. In addition, an independent Data Monitoring Committee recommended that the trial continue as planned and they expressed no concerns about safety. These events are important milestones in the development of ATH434 for the treatment of early-stage MSA. While the ATH434-201 trial is evaluating individuals with early-stage MSA, we are also conducting a second Phase 2 trial in individuals with more advanced disease. This open label, biomarker study will give us the opportunity to assess the effect of ATH434 in multiple populations and we also expect it to provide preliminary data in the first cohort of participants in the first half of next year.
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SLVTF | Hot Stocks07:25 EDT Silver Tiger Metals files technical report for updated MRE for El Tigre - Silver Tiger Metals announced the filing of a Technical Report an updated Mineral Resource Estimate for its 100% owned, high-grade silver-gold El Tigre Project located in Sonora, Mexico. The Technical Report supports the scientific and technical disclosure in the Company's news release dated September 12, 2023, announcing the results of an updated Mineral Resource Estimate on the El Tigre Project. Highlights Include: In addition to the exploration work completed, an Exploration Target was established as follows: 7 to 9 million tonnes at 3.0 to 3.5 g/t AuEq for 675 koz to 1 Moz AuEq; Increase of 84% in Indicated Silver Equivalent Ounces from initial September 2017 Mineral Resource, with 3% increase in AgEq grade; Increase of 257% in Inferred AgEq Ounces from initial September 2017 Mineral Resource, with an 13% increase in AgEq grade; Pit-constrained El Tigre Indicated Mineral Resources of 61.4 Million ounces AgEq grading 44 g/t AgEq contained in 43.0 Million tonnes; Pit-constrained El Tigre Inferred Mineral Resources of 20.0 Moz AgEq grading 54 g/t AgEq contained in 11.5 Mt; Out-of-Pit El Tigre Indicated Mineral Resources of 20.8 Moz AgEq grading 279 g/t AgEq contained in 2.3 Mt; Out-of-Pit El Tigre Inferred Mineral Resources of 69.8 Moz AgEq grading 235 g/t AgEq contained in 9.2 Mt; Out-of-Pit Indicated Mineral Resources, at a cut-off grade of 263 g/t AgEq, contains 12.8 Moz ounces AgEq grading 484 g/t AgEq within in 0.8 Mt; Out-of-Pit Inferred Mineral Resources, at a cut-off grade of 263 g/t AgEq contains 32.4 Moz ounces AgEq grading 400 g/t AgEq within in 2.5 Mt; and The El Tigre Project Mineral Resource is amenable to both open pit and bulk underground mining methods, Glenn Jessome, President and CEO, stated: "With the Technical Report and Mineral Resource Estimate now completed and filed, we quickly turn our attention back to El Tigre's economics and we will deliver our PEA in early November. What stands out in the filed Technical Report, not previously disclosed, is the Exploration Potential. The Technical Report establishes an Exploration Target for El Tigre of 7 to 9 million tonnes at 3.0 to 3.5 g/t AuEq for 675,000 ounces to 1 million ounces AuEq. We will immediately begin the process of drilling these significant potential additional ounces."
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LFVN | Hot Stocks07:25 EDT Radoff-Sudbury Group recommend LifeVantage holders vote blue proxy card - Bradley L. Radoff and Sudbury Capital Fund, together with their affiliates, the "Radoff-Sudbury Group who collectively own approximately 12.8% of the outstanding stock of LifeVantage announced that Glass, Lewis & Co has joined Institutional Shareholder Services in recommending that the Company's stockholders support boardroom change by voting on the Radoff-Sudbury Group's BLUE Proxy Card. Specifically, Glass Lewis recommended that stockholders elect independent director candidate Dayton Judd and withhold support for long-tenured director Michael Beindorff at the Company's upcoming Annual Meeting of Stockholders . "We appreciate that both leading independent proxy advisory firms have endorsed boardroom change at LifeVantage and highlighted the Company's long-term underperformance under current Board leadership. Importantly, Glass Lewis noted it would be in stockholders' best interest to remove 11-year tenured director Michael Beindorff from the Board, while ISS supports the removal of 15-year tenured Chairman Garry Mauro. Both firms were unequivocal in their support of nominee Dayton Judd, whose CEO-level turnaround experience, corporate governance and strategic planning acumen, and wellness industry expertise would be extremely additive to the Board. We believe this should send a clear message to the Company: it is time to welcome new perspectives, fresh ideas and, very importantly, stockholder perspectives to the boardroom. We encourage our fellow stockholders to support our entire slate - Dayton Judd, Michael Lohner and Bradley L. Radoff - on the BLUE Proxy Card to help ensure LifeVantage consultants, employees, customers, stockholders and stakeholders' interests are always put first."
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VYNE | Hot Stocks07:22 EDT VYNE Therapeutics reports results from preclinical models for VYN202 - VYNE Therapeutics announced new preclinical data showing the positive effect of its oral small molecule BD2-selective BET inhibitor, VYN202, in preclinical models of psoriasis and rheumatoid arthritis. Key findings from preclinical in vivo models: Psoriasis: In a well-established model, a psoriasis phenotype was induced in BALB-C mice. Treatment was then administered intraperitoneally with either VYN202, deucravacitinib or placebo. VYN202 and deucravacitinib at equivalent dosing demonstrated comparable onset of action and efficacy. Mice receiving VYN202 3mg/kg had approximately 95% mean reduction in PASI score from baseline by day 7 of treatment, which was consistent with the results in the deucravacitinib 3mg/kg group. Treatment with VYN202 3mg/kg reduced the expression of IL-17A, by greater than93% compared to placebo. Treatment with VYN202 at all doses also resulted in a marked reduction of other disease-related cytokines compared to the placebo group. Rheumatoid Arthritis: In a 21-day collagen-induced arthritis model, signs and symptoms of inflammatory arthritis were induced in Lewis rats. Each treatment group orally received either placebo, GSK620 at 10 mg/kg, or VYN202 at three different dose strengths. Treatment with VYN202 10mg/kg QD resulted in a 71% reduction in the overall signs and symptoms of rheumatoid arthritis at day 21, compared to mice receiving placebo. Treatment with VYN202 10mg/kg QD resulted in a 79% lower paw volume compared to mice receiving placebo. 75% of the animals treated with the highest dose of VYN202 presented with normal joint histopathology at the end of the study, whereas animals treated with placebo experienced marked inflammatory cell infiltrate, granulation tissue, bone erosion and cartilagenous ulceration. Treatment with VYN202 10mg/kg achieved a 98% lower expression of Immunoglobin G1, a biomarker associated with rheumatoid arthritis, compared to treatment with placebo. Treatment with VYN202 at 3 and 10mg/kg demonstrated a statistically-significant superior anti-inflammatory effect compared to GSK620 10mg/kg for all study efficacy endpoints. Next Steps R&D Day Event: VYNE will host an R&D Day event on Thursday, November 9, 2023 at 1:30 p.m. ET. VYNE management will discuss these data as well as the final data from VYNE's Phase 1b trial evaluating VYN201 in vitiligo. The Company will also discuss its development plans for VYN201 and VYN202. Register Here IND Submission: VYNE expects to submit its IND for VYN202 by year-end 2023 and commence a first-in-human Phase 1a single ascending dose/multiple ascending dose trial in the first quarter of 2024. If successful, VYNE anticipates commencing Phase 1b trials in moderate-to-severe plaque psoriasis and in moderate-to-severe adult-onset rheumatoid arthritis in the second half of 2024.
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ACIW | Hot Stocks07:20 EDT ACI Worldwide announces Abe Kuruvilla as chief technology officer - ACI Worldwide announced the appointment of Abe Kuruvilla as chief technology officer. In this role, Kuruvilla will lead ACI's innovation agenda, optimizing the way the company develops and delivers its industry-leading software solutions globally to banks, merchants and billers.
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CLDI | Hot Stocks07:18 EDT Calidi appoints Andrew Jackson as CFO - Calidi Biotherapeutics announced the appointment of Andrew Jackson as Chief Financial Officer. Mr. Jackson is a financial executive with over 25 years of corporate finance experience with success in publicly traded companies and venture capital-backed startups. "As a newly public company, Andrew's successful track record leading the financial role across multiple publicly traded life sciences companies will be invaluable to us and our goal to advance our stem cell-based platforms through the clinic and to patients in need," said Allan Camaisa, CEO and Chairman of the Board of Calidi Biotherapeutics. "I am delighted to welcome Andrew to our executive team and I look forward to leveraging his capital markets and operational experience to support the continued growth of Calidi going forward."
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MARIF | Hot Stocks07:18 EDT Marimaca Copper appoints Ausenco to lead Marimaca Project DFS - Marimaca Copper announced the appointment of Ausenco Chile Limitada to lead the Marimaca Project Definitive Feasibility Study, following a competitive bidding process. Ausenco will lead the DFS engineering workstreams as well as serve as lead author for the planned NI 43-101 technical report with its professionals acting as Qualified Persons for core chapters. In addition, Ausenco will also act as the engineering lead for permitting application purposes. Marimaca Copper and Ausenco will complete a business case optimization leading into the DFS with both workstreams to focus on the following core areas: Development of final geo-metallurgical model to optimize leaching conditions for recovery and acid consumption; Crush, Heap Leach and SX-EW process plant throughput optimization, layout, design and capex estimation; Mine plan trade-off to optimize throughput and target production rate; Targeting leading sustainability metrics with a focus on carbon intensity per tonne of copper produced, recyclable water and green power use and associated infrastructure.
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DHX ARW | Hot Stocks07:16 EDT DHI Group names Raime Leeby as new CFO - DHI Group (DHX) announced it has hired Raime Leeby as its new Chief Financial Officer. Based in Denver, Ms. Leeby will have overall responsibility for the financial organization, including financial planning, accounting, financial reporting, investor relations, treasury, internal audit and tax. " For nearly a decade, Ms. Leeby worked at Fortune 500 technology company Arrow Electronics (ARW) serving in roles of increasing responsibility culminating in the CFO of Global Components, a business unit operating in the Americas, Asia and EMEA. Prior to Arrow, Ms. Leeby held financial positions at Level 3 Communications and PricewaterhouseCoopers.
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LITE | Hot Stocks07:16 EDT Lumentum to acquire Cloud Light for $750M, sees accretion - Lumentum announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750M, subject to certain adjustments. At the time of closing, transaction consideration will be paid in cash and the assumption and substitution of outstanding unvested Cloud Light options. The transaction has been unanimously approved by the boards of directors of both companies and by Cloud Light's shareholders. Nearly all of Cloud Light's more than $200M revenue in the last 12 months was derived from 400G or higher speed transceiver sales. In the most recent quarter, over half of Cloud Light's optical transceiver revenue was derived from 800G modules. The transaction is expected to be immediately accretive to Lumentum's non-GAAP earnings per share and is expected to more than double Lumentum's cloud data center infrastructure revenue in the 12-month period following the transaction close. Lumentum intends to finance the transaction through cash from its balance sheet. The transaction is expected to close by the end of calendar 2023, subject to receipt of regulatory approvals and other customary closing conditions.
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SEOVF | Hot Stocks07:16 EDT Sernova announces advancement of conformal coating tech with Cell Pouch System - Sernova announced an update on its conformal coating immune protection technology program, that is used in combination with the Cell Pouch. The goal of the program is to eliminate the need for chronic immunosuppression medications, currently used in islet cell transplantation for type 1 diabetes reatment. The update was presented by Dr. Alice Tomei, of the University of Miami, at the International Pancreas and Islet Transplant Association-International Xenotransplantation Association-Cell Transplant and Regenerative Medicine Society Joint Congress, taking place from October 26-29 in San Diego, California. The presentation showcased positive advancement in the refinement of the coating composition and process, outcomes of preclinical studies with the Cell Pouch as well as rationale and historical development of the technology. The following summarizes key advancements presented: The final conformal coating composition exhibits significantly improved cell compatibility and overall biocompatibility, representing evolution across years of process development work and preclinical testing. Coating process enhancements resulted in a 500% increase in conformal coating production capacity and an 89% overall islet encapsulation yield. These enhancements have a direct positive impact on the in vitro and in vivo efficacy of the coated islets. The final conformal coated product was purified using a process to contain 98% conformal coated islets and only 2% empty capsules. This enables an increase in the number of functional coated islets that are transplanted within the Cell Pouch chambers and minimization of graft volume. Using these composition and process development improvements, the coated islets were tested, in combination with the Cell Pouch, in a syngeneic gold standard animal model of T1D to assess the safety and efficacy of the combined product. Biocompatibility of the coated islets within the Cell Pouch was confirmed histologically demonstrating healthy islets within the vascularized tissue matrix; Importantly, normal physiological transfer of glucose-stimulated insulin from the conformal coated islets within the Cell Pouch was confirmed; Diabetic animals that received conformal coated islets within the Cell Pouch exhibited controlled blood glucose to non-diabetic levels - which reversed upon removal of the Cell Pouch - proving function of the conformal coated islets. A series of pilot studies using conformal coated islets, in combination with the Cell Pouch, in an allogeneic rat model of T1D established the optimal conditions to achieve diabetes reversal. These conditions, which are being used in confirmatory allogeneic studies in additional upcoming preclinical work, included: Drug kinetic studies which identified the optimal dose and frequency of a single selective immune response agent to be used in combination with conformal coated islets; Islet dose-dependent glucose control was demonstrated using conformal coated islets in the Cell Pouch with the selective immune response agent. The release criteria essential for clinical manufacturing have been developed, including coating conformality, completeness, stiffness, thickness, and selective permeability. Using these criteria, the conformal coating material showed long term mechanical stability, durability and selective permeability to insulin and glucose molecules but not to antibodies or inflammatory cells. These are key requirements for long-term function of the conformal coating technology in vivo. Significant progress was achieved in manufacturing of the coating scale up equipment. Prototype devices are manufactured, and testing is in progress. Final system design will provide fully automated, GMP-compliant coating applied to transplantable coated islets. The system function will involve conformal coating, washing, counting and production monitoring.
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NXHSF | Hot Stocks07:13 EDT Next Hydrogen Solutions achieves efficiency targets for GEN2 electrolysers - Next Hydrogen Solutions reports that it has met its energy efficiency targets for its new second generation "GEN2" water electrolyser technology. Next Hydrogen is launching its next generation GEN2 large-scale, low-cost green hydrogen production systems. A key performance aspect is the ability to maintain good energy efficiency at high hydrogen production rates. Next Hydrogen has achieved its target cell performance of 1.90 V/cell at 1 A/cm2 and 70oC. This exceeds recently reported US Department of Energy technical targets status for energy efficiency, while maintaining a 2 times higher peak operating point.
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GRMN | Hot Stocks07:13 EDT Garmin selects AMIT International as exclusive distributor for India - Garmin announced that AMIT International will serve as its exclusive distributor in India, expanding the companies' long-term strategic relationship in the country. AMIT India will add Garmin fitness, outdoor recreation and consumer automotive products to its existing lineup of Garmin marine products that it began distributing in 2017.
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TLRY | Hot Stocks07:12 EDT Tilray's Blue Point Brewing announces Cask Ales Festival, new beer lineup - Blue Point Brewing Company, a subsidiary of Tilray Brands, announces the return of its highly anticipated 19th Annual Cask Ales Festival. The event, in partnership with Long Island Cares, is set to take place on Saturday, November 4th, and promises a mix of live music, local vendors, food trucks, and, of course, a wide array of cask ales from breweries around the country. "This event is not just about celebrating good beer. It's about celebrating the community and the culture that surrounds it," said Ty Gilmore, President, Tilray Beer. "We're committed to creating unforgettable experiences for our consumers across the nation, filled with great music, exciting activities, delicious food, and exceptional beers."
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BWV | Hot Stocks07:12 EDT Blue Water Biotech prioritizes oncology focus, deprioritizes vaccine programs - Blue Water Biotech issued the following shareholder letter from the CEO Dr. Neil Campbell, "As we close out October and the first month under my tenure, I want to take this opportunity to personally communicate with you while providing an update on the direction of Blue Water Biotech. 2023 has been an eventful year that has significantly influenced the Company's progression in generating shareholder value. On October 24, 2023, Blue Water Biotech received a letter from Nasdaq informing the Company that it is back in compliance with the Nasdaq Stock Market, LLC Listing Rule 5250(c)(1). This completes our outstanding obligations to the Nasdaq, and we will work diligently moving forward on this corporate requirement. As a result of our internal assessments, the Company made a strategic decision to establish a new management team equipped with the necessary capabilities to swiftly advance our operations in the field of oncology. As part of the shift in business strategy and to enhance shareholder value, the Company will focus its efforts on building a foundation of therapeutic, diagnostic, and service products in the field of oncology that will bolster and enrich the practice of medicine for clinicians. With that in mind, a pivotal milestone for us is the impending launch of Entadfi, an FDA-approved oral drug designed to treat benign prostatic hyperplasia. With the 2024 launch of Entadfi it will become the inaugural therapeutic drug in our expanding portfolio of oncology therapeutics. So where does this leave us with initiatives outside of our new focus? The Company's previous activities in acquiring assets from WraSer, and Xspire Pharma, in early 2023 have been reassessed for strategic and tactical market considerations. It has been decided that these assets would not meet the Company's requirements for creating greater shareholder value as we move into 2024. Additionally, as a component of the asset purchase agreement involving WraSer and Xspire Pharma, the Company established commercial relationships intended for the marketing and sale of drug assets that are not aligned with our new oncology focus. Consequently, we have ceased this operation, recognizing its misalignment with our Company's evolving objective in the field of oncology. Finally, the Company has established early stage preclinical and clinical programs in various vaccine technologies. These vaccine programs were targeting a wide number of diseases and conditions that would have consumed an enormous amount of Company resources. Considering the evolving market dynamics and post-pandemic challenges, we conducted a strategic and tactical assessment, leading us to conclude that the optimal path for the Company lies in a de-prioritization of the vaccine programs to focus our efforts on the expansion of our oncology offerings. In summary, our business strategy shift aims to enhance shareholder value by establishing a strong foothold in both therapeutic and diagnostic aspects within the field of oncology. This approach involves actively cultivating key relationships and acquiring essential assets to lay the foundation in oncology and launch our initial stages of commercial revenue. With this, we eagerly anticipate building an accretive and focused company, providing leading-edge therapeutics, diagnostics, and services to clinicians, patients, and caregivers."
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DCPH | Hot Stocks07:12 EDT Deciphera: MOTION study of vimseltinib met primary endpoint, key 2ndry endpoints - Deciphera Pharmaceuticals announced positive top-line results from the MOTION pivotal Phase 3 study of vimseltinib in patients with TGCT not amenable to surgery. Vimseltinib is the Company's investigational, orally administered, potent, and highly selective switch-control kinase inhibitor of CSF1R. "Patients suffering from TGCT are in need of a new treatment option that offers both strong clinical benefit and a well-tolerated safety profile," said Hans Gelderblom, M.D., Ph.D., Chair of the Department of Medical Oncology at Leiden University Medical Center. "TGCT has a significant negative impact on the daily life of patients who face substantial pain, stiffness, and impaired mobility. Success across both the primary and all key secondary endpoints in MOTION underscores vimseltinib's ability to help TGCT patients feel and function better. The top-line results from MOTION, together with the impressive data announced today from the Phase 1/2 study showing that the response rates with vimseltinib continue to increase over time, and that patients continue to receive long-term clinical benefit as evidenced by the median duration of treatment, demonstrates vimseltinib's potential to become a best-in-class agent." "We are excited about the potential for vimseltinib to become our next approved medicine, supporting our continued evolution to a company with multiple marketed products," said Steve Hoerter, President and Chief Executive Officer of Deciphera Pharmaceuticals. "The totality of data shown today demonstrate the potential for vimseltinib to offer a new and differentiated treatment option for patients with TGCT. On behalf of the entire Deciphera team, I would like to thank the patients, their caregivers, and the healthcare professionals who participated in the MOTION and Phase 1/2 studies. We look forward to working with regulatory agencies worldwide as we focus on delivering this important new treatment option to patients with TGCT." Top-line Results from the MOTION Pivotal Phase 3 Study of Vimseltinib in TGCT. The results for Part 1 of the study are based on a data cutoff date of August 22 . In addition to meeting the primary endpoint, the study also achieved statistically significant and clinically meaningful improvements versus placebo in all key secondary endpoints assessed at Week 25 including ORR per tumor volume score active range of motion physical function, stiffness, quality of life, and pain.
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ACRHF | Hot Stocks07:11 EDT Acreage Holdings to debut Superflux cannabis brand in New Jersey - Acreage announced that it will debut its Superflux craft cannabis brand in New Jersey on November 1, 2023. "We are thrilled to bring Superflux to New Jersey, an unparalleled craft offering created to celebrate the distinct character of each cannabis plant and the craftsmanship of its cultivators," said Patricia Rosi, Chief Marketing and Strategy Officer of Acreage. "What sets Superflux apart is its dedication to quality over quantity, with a mission to offer distinguished products that truly stand out and create next-level cannabis experiences. The exclusive flower launch is just the beginning of Superflux's touchdown in the Garden State, with its award-winning concentrates line, which is powered by its flavorful, terpene-rich flower, expected to debut by the end of the year. With an evolving collection of specially curated, small-batch strains, the Superflux product portfolio is just as unique as each of our consumers in New Jersey, and we look forward to continuing to expand our offering in this exciting market."
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CSIQ | Hot Stocks07:10 EDT Canadian Solar to establish solar PV module production facility in Indiana - Canadian Solar announced that it is establishing a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. Canadian Solar is building a state-of-the-art solar photovoltaic cell manufacturing plant with an annual output of 5 GW, equivalent to approximately 20,000 high-power modules per day. The Jeffersonville facility represents a projected investment of more than $800M and will create approximately 1,200 skilled high-tech jobs once production is fully ramped up. The solar cells produced at this facility will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas. Production at the Jeffersonville facility is expected to begin by the end of 2025.
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CRON | Hot Stocks07:10 EDT Cronos Group unveils its new THCV products: Spinach FEELZ Full Tilt - Cronos Group announced the launch of two new THCV-infused products; Spinach FEELZ Full Tilt THCV vape and gummy. Cronos also plans to launch a THCV-infused pre-roll under the Spinach FEELZ brand, which will add an additional offering under its robust and growing pre-roll portfolio. "We're incredibly excited about the possibilities of THCV and these new products under the Spinach FEELZ Full Tilt lineup do not disappoint," said Mike Gorenstein, Chairman, President, and CEO, Cronos. "Full Tilt features the perfect products to boost your high, when you're looking to get more of what you want out of your favorite THC experiences. Our expertly-crafted formulation offers its own unique and differentiated experience, perfect for when you're in the mood to turn the world on its head and see where you end up."
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VIEW | Hot Stocks07:09 EDT View Inc. adds Tridium's Niagra to View Secure Edge marketplace - View has announced its partnership with Tridium to deliver the most recent release of the Niagara Framework, Niagara 4.13, on View Secure Edge. This collaboration will enable Tridium's innovative containerized Niagara to run within View Secure Edge, creating a transformative turn-key infrastructure solution for building operations. View's partnership with Tridium broadens the range of applications available to Secure Edge customers to improve the security and automation of their buildings. "Our innovative offer of secure edge infrastructure and flexible building automation provides the 'building-in-a-box' solution our customers have been seeking," said Nitesh Trikha, Chief Product Officer of View. "Our customers can deploy View Secure Edge to any building without decommissioning existing systems, resulting in seamless and consistent network access and security. Now, with Niagara 4.13, they can also standardize building operations and automation."
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EYPT | Hot Stocks07:08 EDT EyePoint announces presentations at three upcoming meetings - EyePoint Pharmaceuticals announced that the Company will present at upcoming medical meetings and an investor conference. Presentation details are as follows: Title: The Year in Review. Dr. Duker will present interim masked safety data through October 1, 2023, in which approximately 173 patients have received EYP-1901 with a minimum of four months of follow-up post injection from the ongoing Phase 2 PAVIA and DAVIO 2 clinical trials and the completed DAVIO 1 trial. The results demonstrate the excellent safety profile of EYP-1901 with no reported drug-related ocular serious adverse events or drug-related systemic SAEs. American Academy of Ophthalmology Annual Meeting 2023. Title: Receptor Inhibition and Neuroprotection with Tyrosine Kinase Inhibitor Vorolanib for Retinal and Choroidal Diseases Dr. Avery will present preclinical data from a validated rodent retinal detachment model, which demonstrated that vorolanib, the active drug in EYP-1901, significantly reduced the severity of change in baseline visual acuity and improved contrast thresholds in mice treated with vorolanib compared with placebo, suggesting a neuroprotective effect against photoreceptor degeneration. Guggenheim's 5th Annual Inflammation, Neurology & Immunology Conference 2023. The Eyecelerator and AAO Annual Meeting presentation materials and a webcast and subsequent archived replay of the Guggenheim fireside chat may be accessed via the Investors section of the Company website at www.eyepointpharma.com.
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HOLI | Hot Stocks07:06 EDT Hollysys provides update on sales process - Hollysys Automation Technologies announced that the Special Committee of the Board of Directors, which was established to conduct a sale process as announced on October 2, and its advisors have been in contact with multiple prospective buyers. These include financial sponsors as well as strategic buyers for which there would be compelling industrial logic to an acquisition. Additionally, the Special Committee and its advisors are considering bids submitted by Recco Control Technology and Dazheng Group Investment Holdings Company and by representatives of the Hollysys management team. It is engaged in ongoing discussions with both groups and will provide updates on material developments as soon as practicable. In a statement, the members of the Special Committee stated: "We are making every effort to conduct a fair and full process and to be fully responsive to all current and potentially interested parties to facilitate due diligence and enable them to make updated and binding proposals. Our objective is to present to shareholders a recommended proposal that provides compelling value, committed financing, regulatory certainty, and a viable pathway to closing." The sale process is targeted to be at an advanced stage, with a preferred bidder identified, as soon as early December.
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DOC PEAK | Hot Stocks07:06 EDT Physicians Realty Trust, Healthpeak to combine in all-stock merger of equals - Healthpeak Properties (PEAK) and Physicians Realty Trust (DOC) announced they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $21B. Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share. The merger is expected to generate run-rate synergies of at least $40M by the end of year one and up to $60M by the end of year two. Given the synergy profile, the transaction is expected to be accretive to run-rate AFFO per share and FFO per share, subject to final merger accounting adjustments, for both Healthpeak and Physicians Realty Trust shareholders. The combined company will be led by Scott Brinker as President and Chief Executive Officer, Peter Scott as Chief Financial Officer, and John Thomas as Vice Chair of the Board who will have an active role in strategy, relationships, and business development. Upon completion of the merger, the combined company will operate with the Healthpeak Properties, Inc. name and is expected to trade under the ticker symbol "DOC" on the New York Stock Exchange. The headquarters of the combined company will be in Denver and it will maintain other existing offices. Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share. Pro forma for the transaction, Healthpeak and Physicians Realty Trust shareholders will own approximately 77% and 23% of the combined company, respectively. The all-stock merger is intended to be a tax-free transaction and is expected to close in the first half of 2024, subject to customary closing conditions, including the approval of both Healthpeak and Physicians Realty Trust shareholders. The respective boards of directors for Healthpeak and Physicians Realty Trust have unanimously approved the transaction. Following the closing of the merger, the combined company is expected to pay an annualized dividend of $1.20 per share, consistent with Healthpeak's current dividend level and representing a pro forma AFFO payout ratio of 80% or below. Healthpeak expects to assume Physicians Realty Trust's existing senior unsecured notes and term loan and to enter into a new five-year, $500 million term loan at a rate of SOFR plus 85 basis points. Proceeds from the term loan will be used for general corporate purposes including repayment of borrowings under Healthpeak's commercial paper program. Pro forma net debt to EBITDAre is expected to be in the low 5x range.
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EDBL | Hot Stocks07:06 EDT Edible Garden products available at Tops Friendly Markets - Edible Garden AG announced that Tops Friendly Markets, a subsidiary of Northeast Grocery, will begin carrying Edible Garden's products in all of their locations across New York, Pennsylvania and Vermont. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are pleased to announce that Tops Friendly Markets will now feature our sustainable herbs throughout their 149 retail locations in New York, Pennsylvania, and Vermont. Their addition to our already robust distribution network enhances the Company's presence in the Northeastern United States. Our track record, marked by exceptional order fulfillment rates surpassing industry standards, underscores our commitment to unparalleled service for our distribution partners and their more than 5,000 retail outlets across the United States. We trust that Tops Friendly Markets will recognize Edible Garden as a go-to, dependable source of produce, and our objective is to expand our offering over time. By leveraging our existing retail relationships in the Northeast, we also aim to maximize efficiency and minimize our carbon footprint which aligns perfectly with our Zero-Waste Inspired mission. We look forward to enjoying a long relationship with Tops Friendly Markets, providing them with the reliable service and high-quality products that their customers can count on."
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BTAI | Hot Stocks07:05 EDT BioXcel Therapeutics receives permanent J-Code for IGALMI - BioXcel Therapeutics announced that the Centers for Medicare & Medicaid Services, CMS, has issued a permanent and product-specific J-Code for IGALMI sublingual film, which is approved for the acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adults1,2. Under the Healthcare Common Procedure Coding System, HCPCS, process, the IGALMI J-Code J1105 will become effective January 1, 2024. "Beginning next year, IGALMI will be separately reimbursed under a direct and predictable J-Code for the hospital outpatient setting, which we expect will help remove economic barriers that may have impacted formulary approval decisions and product utilization to date," said Vimal Mehta, Ph.D., CEO of BioXcel Therapeutics. "Ultimately, we believe this commercial milestone will facilitate additional patient access to this important therapeutic option for the treatment of bipolar disorder- or schizophrenia-associated agitation."
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EYEN | Hot Stocks07:05 EDT Eyenovia to sponsors course at IJCAHPO's ACE Program - Eyenovia announced that it is sponsoring a course during the International Joint Commission on Allied Health Personnel in Ophthalmology 51st Annual Continuing Education program, which is being held November 3-5 in San Francisco. The course, Topical Pharmaceutical Drug Delivery Innovations: The Potential Role for the New Ophthalmic Spray, will offer ophthalmic technicians background on Eyenovia's Optejet dispensing technology and training on the use of Mydcombi in daily practice. "As the first FDA-approved mydriasis agent to combine tropicamide and phenylephrine, and the first product to leverage the Optejet device, we believe Mydcombi represents a true advancement for eye care practitioners and their technicians, and we are pleased to sponsor this course at IJCAHPO's ACE program to raise awareness of the technology and provide training on its use," stated Michael Rowe, chief executive officer of Eyenovia. "We continue to ramp our internal manufacturing capabilities, staff our sales management team and obtain additional key state licenses of which we now have eight either completed or in process. We look forward to transitioning to a broader commercial launch of Mydcombi in early 2024."
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DOC PEAK | Hot Stocks07:05 EDT Physicians Realty Trust, Healthpeak to combine in all-stock merger of equals
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TNXP | Hot Stocks07:04 EDT Tonix Pharmaceuticals announces new data on TNX-1500 - Tonix Pharmaceuticals announced data from two oral presentations which were delivered recently at the American College of Surgeons Clinical Congress 2023, and The International Pancreas and Islet Transplant Association, the International Xenotransplantation Association, and the Cell Transplant and Regenerative Medicine Society Joint Congress by faculty at the Center for Transplantation Sciences, Massachusetts General Hospital in October 2023. The data involve Tonix's TNX-1500 which is currently in Phase 1 development for the prevention of organ transplant rejection. The oral presentations titled, "Pilot Evaluation of a Clinical Xeno Heart Transplant Regimen in a Preclinical Model" and "Extended Survival of 9- and 10-Gene Edited Pig Heart Xenografts with Ischemia Minimization and CD154 Costimulation Blockade-Based Immunosuppression" by Dr. Ikechukwu Ileka et al. include data demonstrating the use of TNX-1500 as maintenance therapy after xeno heart transplant in non-human primates. In both studies, genetically engineered pigs in baboon transplants were treated with cold-perfused ischemia minimization and a novel costimulation-based immunosuppressive regimen including TNX-1500. The multi-GE pigs were provided by eGenesis and Revivicor. "The results of these preclinical studies are encouraging and demonstrate the potential of genetically engineered pig hearts in the context of a clinically applicable regimen," said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "Because anti-CD40L treatment is widely recognized as critical to the success of xeno organ transplant, no animals were transplanted without anti-CD40L treatment."
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MCD | Hot Stocks07:03 EDT McDonald's declares 10% increase in quarterly dividend to $1.67 per share
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VYNE | Hot Stocks07:03 EDT VYNE Therapeutics announces data from Phase 1b trial of VYN201 - VYNE Therapeutics announced positive data from its Phase 1b trial evaluating once-daily dosing of VYN201 in patients with nonsegmental vitiligo. The Phase 1b trial is a 16-week open-label trial assessing the safety, tolerability and pharmacokinetics of once-daily topical VYN201 in 29 patients across three dose cohorts. Key results include: Proof-of-concept achieved: Significant clinical improvement observed in 1% and 2% cohorts with rapid onset of action and a dose-dependent response. Mean percentage reduction in F-VASI score from baseline after 16 weeks of treatment was: 7.5% for the 0.5% cohort, with 20% of patients achieving a greater than or equal to25% improvement in F-VASI score from baseline; 30.3% for the 1.0% cohort, with 50% of patients achieving F-VASI25 and 30% of patients achieving a greater than or equal to50% improvement in F-VASI score from baseline; 39.0% for the 2.0% cohort, with 67% of patients achieving F-VASI25 and 33% of patients achieving F-VASI50, including one patient who achieved a greater than or equal to75% improvement in F-VASI score from baseline; The mean percentage reduction in F-VASI score from baseline for each of the 1.0% and 2.0% cohorts was statistically significant compared to the 0.5% cohort at week 16, indicative of a dose response. Safety, Tolerability and Pharmacokinetics: Topical VYN201 was generally well-tolerated with a favorable safety profile in vitiligo patients at all dose levels with no serious adverse events reported and no abnormal laboratory values suggestive of low or reducing platelet counts. All treatment emergent adverse events have been classified as mild or moderate with no dose-dependent trends observed to date. All mean local skin tolerability assessment scores were less than 0.30 on a severity scale 0 to 3. Next Steps: Initiate Phase 2b Trial: The Company intends to begin Phase 2b preparatory activities and expects to advance VYN201 into a longer duration Phase 2b trial to evaluate optimal dosing and peak efficacy in patients with active and stable nonsegmental vitiligo in 1H 2024.
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MCD | Hot Stocks07:03 EDT McDonald's CEO says 'confident in our future' - "With global Systemwide sales growth of 11%, our third quarter results reflect our position of strength as the industry leader," said McDonald's President and CEO, Chris Kempczinski. "The macroeconomic environment is unfolding in line with our expectations for the year, and we continued to deliver convenience and value for our customers. Thanks to the entire McDonald's System's outstanding execution of Accelerating the Arches, we remain confident in our future and the strategic direction of our business."
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MUX | Hot Stocks07:03 EDT McEwen Mining reports Q3 production of 38,600 GEOs - McEwen Mining is pleased to report production for Q3 2023 was 38,600 gold equivalent ounces and 104,800 GEOs for the nine months ended September 30th, 2023. Our consolidated production guidance for 2023 is maintained, despite the Gold Bar Mine's production forecast being 13% below its guidance range. Our forecast for the full year 2023 reflects actual productions to September 30th and management's current estimates for Q4 2023. Good progress has been made at Gold Bar recovering from a challenging first half of the year, as demonstrated by steadily increasing production quarter after quarter. Gold Bar has also maintained an excellent safety record with 1,313 days without a lost time injury as of September 30th. Crushing and stacking of ore on the heap leach pad reached a rate of 9,300 tonnes per day in September, a major improvement over the average in the prior eight months of 6,150 tpd. Year-to-date, ore containing 41,600 ounces of gold has been loaded onto the heap leach pad with an average expected recovery rate of 68%. Due to the gold inventory on the heap leach pad, we are confident in a reasonably strong Q4 continuing into the start of 2024. The 2023 production forecast is 13% below the guidance established in December 2022, due to a combination of factors including flooding and extreme weather in the Spring and a slower leach recovery rate of Gold Bar South ore. Fox Complex, Timmins District Fox performed well during Q3 and it is on track to slightly exceed the mid-point of our guidance range. Fox has achieved 738 days without a lost time injury as of September 30th. Mining at Froome is on track and the Stock mill continues to increase average throughput. We are pleased with the good exploration drilling results seen at our Stock Complex including the 'Ramp Portal Zone', which may represent an early mining horizon for our upcoming Stock West project. San Jose, Argentina San Jose, which is operated by our joint venture partner Hochschild Mining, delivered Q3 production in line with our expectations for the quarter and guidance for the year. San Jose reported one lost time injury in August 2023, the worker has since recovered and returned to regular duty. McEwen Copper On October 11th our McEwen Copper subsidiary announced additional investments by Stellantis and Nuton of ARS$42 billion and US$10 million, respectively. Since the creation of McEwen Copper, shareholders have invested $397 million to acquire shares even though that the Company has remained private. The recent transactions occurred at $26.00 per share of McEwen Copper, giving it a market value of approximately $800 million. McEwen Mining retains 47.7% ownership of McEwen Copper, with an implied market value of $380 million, this represents a value accretion for McEwen Mining shareholders of $98 million or two dollars per share since March 2023. McEwen Copper is now well financed for the remainder of 2023 and well into 2024. The funds raised will be used to advance the feasibility study on the Los Azules project and for other corporate purposes. McEwen Mining also received proceeds of $6 million to augment its balance sheet. Currently, we have fourteen drill rigs on site at Los Azules, scaling up to 18 drill rigs for our drilling campaign targeting more than 45,000 meters. This program will generate all the remaining data required to complete the planned feasibility study by Q1 2025.
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BMY | Hot Stocks07:02 EDT Bristol Myers' application for Opdivo in carcinoma validated by EMA - Bristol Myers announced that the European Medicines Agency - EMA - has validated its type II variation application for Opdivo in combination with cisplatin-based chemotherapy as a first-line treatment for adult patients with unresectable or metastatic urothelial carcinoma, based on results from the Phase 3 CheckMate -901 trial. Validation of the application confirms the submission is complete and begins the EMA's centralized review procedure. In the CheckMate -901 study, the first Phase 3 trial with an immunotherapy-based combination to show statistically significant and clinically meaningful survival benefit over standard-of-care cisplatin-based chemotherapy in the treatment of this patient population, Opdivo in combination with cisplatin-based chemotherapy followed by Opdivo monotherapy demonstrated statistically significant and clinically meaningful improvements in the primary efficacy endpoints of overall survival and progression-free survival as assessed by Blinded Independent Central Review.
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JKS | Hot Stocks06:59 EDT JinkoSolar sees Q4 module shipments 23 GW - The company said, "We expect our module shipments to be approximately 23.0 GW for the fourth quarter of 2023 and are confident that our full-year module shipments will exceed our guidance of 70 to 75 GW, with N-type modules accounting for approximately 60%. We expect our annual production capacity for mono wafers, solar cells and solar modules to reach 85.0 GW, 90.0 GW and 110.0 GW, respectively, by the end of 2023, with N-type capacity accounting for over 75%. We are confident that we will continue to lead the industry with our advanced technology and premium high-efficient products."
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NRG | Hot Stocks06:47 EDT NRG Energy and City of Pittsburgh extend wind power collaboration - NRG Energy announced the renewed collaboration between its brand Direct Energy and the Western Pennsylvania Energy Consortium - WPEC -, led by the City of Pittsburgh and its partner organizations. Beginning in 2016, Direct Energy has worked with WPEC and the City of Pittsburgh to help move the city toward a more sustainable future. Through the new agreement, Direct Energy will help the City of Pittsburgh and its WPEC partners purchase Renewable Energy Credits derived from the Scioto Ridge farm, a wind facility owned and operated by RWE and located in Ohio, which will help reduce emissions associated with the consortium's annual power usage.
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O SRC | Hot Stocks06:36 EDT Realty Income to acquire Spirit Realty in $9.3B all-stock transaction - Realty Income(O) and Spirit Realty (SRC), announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire Spirit in an all-stock transaction valued at an enterprise value of approximately $9.3B. The leverage-neutral transaction is expected to deliver over 2.5% accretion to Realty Income's annualized Adjusted Funds from Operations, or AFFO, per share. Additionally, no new external capital is expected to be required to finance the transaction. The merger, once completed, will result in an enterprise value of approximately $63B for the combined company, enhancing Realty Income's size, scale, and diversification to expand its runway for future growth. Under the terms of the merger agreement, Spirit shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own. At closing, this will result in Realty Income and Spirit shareholders owning approximately 87% and 13%, respectively, of the combined company. The merger is subject to customary closing conditions, including the approval of Spirit shareholders, and is expected to close during the first quarter of 2024. Additionally, from the date of the merger agreement through the closing of the transaction, Spirit may declare and pay regular, quarterly cash dividends to holders of its common stock and to holders of its preferred stock. No approval of Realty Income shareholders will be required in connection with the merger.
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ERO | Hot Stocks06:34 EDT Ero Copper signs earn-in agreement for 60% interest in Furnas Copper Project - Ero Copper has entered into a binding term sheet with Salobo Metais, part of the Vale Base Metals business, to advance its Furnas copper project in the Carajas Mineral Province in Para State, Brazil. The Term Sheet contemplates Ero Copper earning a 60% interest in the Project upon completion of several exploration, engineering and development milestones over a period of five years from the execution of a definitive earn-in agreement. In exchange for its 60% interest, Ero will solely fund a phased exploration and engineering work program during the earn-in period and grant VBM up to an 11.0% free carry on future Project construction capital expenditures. The Furnas Project covers 2,400 hectares within fifteen kilometers of regional infrastructure. To earn a 60% interest in the Project, the Term Sheet requires Ero to complete three phases of work: Ero to conduct a minimum of 28,000 meters of exploration drilling and produce a scoping study within 18 months of signing a definitive earn-in agreement, an additional minimum of 17,000 meters of exploration drilling and produce a pre-feasibility study within 18 months of completing Phase 1, and an additional minimum of 45,000 meters of exploration drilling, unless otherwise mutually agreed, and produce a definitive feasibility study within 24 months of completing Phase 2. Following the completion of a DFS, subject to customary technical review periods, and with Ero positive investment approval, the parties will enter into a joint venture agreement whereby VBM will transfer 60% of the equity interest in the Project to Ero, and Ero will grant VBM a "free carry" on certain capital expenditures related to Project development.
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MRNA | Hot Stocks06:27 EDT Moderna, CEPI enter strategic partnership to advance 100 Days Mission - The Coalition for Epidemic Preparedness Innovations, CEPI, and Moderna have entered into a strategic partnership that will harness Moderna's mRNA platform to accelerate the development of vaccines against viral disease outbreaks that threaten global health. The work undertaken as part of this partnership could expand the infectious disease targets for mRNA vaccine technology and strengthen pandemic preparedness and public health efforts in alignment with the 100 Days Mission, a global goal to compress vaccine development timelines to 100 days. Stephane Bancel, CEO of Moderna, said: "We are pleased to announce our strategic partnership with CEPI, harnessing the power of Moderna's mRNA platform to accelerate the development of mRNA vaccines against viral disease outbreaks that pose global public health threats. Our mRNA Access program reinforces our dedication to public health by offering researchers the opportunity to utilize our mRNA technology in the development of vaccines for emerging and neglected infectious diseases. We believe this program can play a key role in helping the next generation of researchers and engineers to advance mRNA science."
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NVS | Hot Stocks06:26 EDT Novartis' Phase III ALIGN study of atrasentan met primary efficacy endpoint - Novartis announced positive topline results from the interim analysis of the ongoing pivotal Phase III ALIGN study of atrasentan, an oral endothelin A receptor antagonist, in patients with IgA nephropathy. The study met its primary efficacy endpoint at the 36-week interim analysis, with atrasentan demonstrating superiority versus placebo with a clinically meaningful and highly statistically significant reduction in proteinuria in patients with IgAN receiving supportive care. In the study, the safety profile of atrasentan was consistent with previously reported data from the Phase II AFFINITY study IgAN cohort. Based on the results from this interim proteinuria endpoint analysis, Novartis plans to submit an application in 2024 for possible accelerated approval in the US. "These positive topline Phase III data showcase the potential of atrasentan to improve outcomes for patients with IgAN by demonstrating clinically meaningful proteinuria reduction," said Shreeram Aradhye, M.D., President, Development and Chief Medical Officer, Novartis. "Along with investigational iptacopan, which recently also showed positive topline Phase III results, and investigational zigakibart, our development portfolio of three highly differentiated late-stage therapies in IgAN has the potential to provide much-needed treatment options for people living with this debilitating disease." The ALIGN study continues in a blinded manner to evaluate the change in kidney function over 136 weeks as measured by estimated glomerular filtration rate, with topline results from the confirmatory endpoint analysis expected in the first quarter of 2026.
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GSK | Hot Stocks06:25 EDT GSK reports Phase III RUBY trial of Jemperli plus chemo meets OS endpoint - GSK plc announced positive headline results from a planned analysis of Part 1 of the RUBY/ENGOT-EN6/GOG3031/NSGO phase III trial investigating Jemperli plus standard-of-care chemotherapy, followed by dostarlimab as a single agent, compared to placebo plus chemotherapy followed by placebo in adult patients with primary advanced or recurrent endometrial cancer. The trial met its primary endpoint of overall survival, or OS, demonstrating a statistically significant and clinically meaningful benefit in the overall patient population. A clinically meaningful OS benefit was observed in both prespecified subpopulations in the trial: mismatch repair deficient/microsatellite instability-high and mismatch repair proficient/microsatellite stable patient subgroups. OS is one of two primary endpoints in the RUBY Part 1 trial. Previously, the trial met its other primary endpoint of progression-free survival, or PFS, demonstrating a 72% and 36% reduction in the risk of disease progression or death observed in the dMMR/MSI-H population and overall patient population, respectively. Hesham Abdullah, Senior Vice President, Global Head Oncology, R&D, GSK, said: "With today's headline results from Part 1 of the phase III RUBY trial, dostarlimab plus chemotherapy has become the only immuno-therapy combination to show a survival benefit in this broader patient population in this treatment setting. We look forward to sharing detailed results of this analysis with regulatory authorities and the larger scientific community." Full results from this latest analysis from the trial will be published in a medical journal and presented at an upcoming scientific meeting. The safety and tolerability profile of dostarlimab plus carboplatin and paclitaxel was generally consistent with the known safety profiles of the individual agents.
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ALV | Hot Stocks06:18 EDT Autoliv intends to reduce headcount in France - Autoliv announces its intention to reduce its headcount in France as part of the previously announced initiatives to reduce its global headcount and to optimize its footprint. Today's announcement is the final major communication related to the indirect headcount reduction initiative that was announced in June. "Aligned with previous communications, Autoliv continues to adapt and reduce its total workforce and to simplify its logistics and geographic footprint. These actions will significantly strengthen the company's competitive position long-term, adapting it to a substantially lower level of light vehicle production in post-pandemic Europe. Today, Autoliv announced its intention to reduce its workforce in France by about 20% or approximately 320 employees at its major plants in France. The company aims to initiate these reductions in the first half of 2024 and they are expected to be fully implemented by the end of 2025. The reduction is expected to affect 220 indirect employees mainly in production overhead but also within R,D&E and S,G&A. Additionally, as part of the footprint optimization, Autoliv intends to relocate its steering wheel manufacturing in France to other plants, affecting approximately 100 direct employees. Specific measures will be defined in compliance with the local regulations and within the framework of a dialogue with elected representatives and the social partners to determine the most appropriate provisions for the employees concerned. These actions in France are expected to generate savings of around $10 million in 2024, reaching around $20M in 2025 and around $25M in 2026 when fully implemented. The related costs for the headcount reduction will be accrued this quarter. This will not impact the company's adjusted operating margin for the fourth quarter or the full year 2023," the company stated.
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HSBC | Hot Stocks06:17 EDT HSBC to initiate share buy-back of up to $3B - The company has announced a third interim dividend of $0.10 per share and intend to initiate a further share buy-back of up to $3B, which we expect to commence shortly and complete by its 2023 full-year results announcement on 21 February 2024. Further buy-backs will be subject to appropriate capital levels.
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MNKD | Hot Stocks06:17 EDT MannKind granted new clofazimine formulation patent - MannKind announced a new patent issued by the USPTO covering clofazimine inhalation suspension, which is under development for the potential treatment of nontuberculous mycobacterial lung disease. The patent will expire on June 8, 2039. Pulmonary NTM infection is a serious infection that is caused by bacteria common in the environment that can lead to a reduction in lung function, cough, fatigue, and quality of life. MNKD-101 has been designated by the FDA as both an orphan drug and a qualified infectious disease product for the treatment of pulmonary NTM infections.
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CHKP | Hot Stocks06:04 EDT Check Point reports Q3 security subscriptions revenue $248M, up 15% y/y -
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UTHR MIRO | Hot Stocks06:03 EDT United Therapeutics to acquire Miromatrix Medical - United Therapeutics (UTHR) and Miromatrix Medical (MIRO) announced a definitive agreement for United Therapeutics to acquire Miromatrix. The acquisition of Miromatrix will expand United Therapeutics' existing complementary platform of organ manufacturing programs. United Therapeutics will commence a tender offer to acquire all outstanding shares of Miromatrix for a purchase price of $3.25 per share in cash at closing, an aggregate of approximately $91M, and an additional $1.75 per share in cash upon the achievement of a clinical development milestone related to Miromatrix's development-stage, fully-implantable manufactured kidney product known as mirokidney by December 31, 2025. This transaction is not subject to any financing condition and is expected to close in Q4, subject to customary closing conditions, including the tender of a majority of the outstanding shares of Miromatrix's common stock. The purchase price payable at closing represents a premium of approximately 170% to the 30-day volume-weighted average trading price of Miromatrix's common stock ending on October 27. Miromatrix's Board unanimously recommends that Miromatrix's stockholders tender their shares in the tender offer.
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IFF | Hot Stocks05:27 EDT IFF to divest Cosmetic Ingredients business unit for $810M - IFF announced that Clariant-a sustainably focused specialty chemical company-has agreed to purchase IFF's Cosmetic Ingredients business unit for $810M. Reporting through IFF's Scent division, IFF's Cosmetic Ingredients business unit develops, manufactures and markets ingredients for the cosmetic and personal care industry, including active ingredients, functional ingredients and delivery systems, primarily through the Lucas Meyer Cosmetics brand. Cash proceeds from the proposed transaction-net of taxes and expenses-will be used to reduce outstanding debt. IFF's Cosmetic Ingredients business unit includes the Lucas Meyers Cosmetics and IBR brands and operates six research and development and/or production sites globally. With about 195 employees, IFF's Cosmetic Ingredients business unit has more than 2,900 customers in over 80 countries and generated approximately $100M in revenue in the last 12 months. IFF and Clariant expect to close the transaction in the first quarter of 2024, subject to applicable works council consultations and customary closing conditions, including regulatory clearances. Morgan Stanley & Co. LLC acted as financial advisor to IFF, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel.
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FFIE | Hot Stocks05:24 EDT Faraday Future to deliver five FF 91 2.0 Futurist Alliance vehicles in November - Faraday Future announced that the company plans to deliver five FF 91 2.0 Futurist Alliance vehicles in November as part of its ongoing "Delivery Co-Creation Day" plans, including two vehicles in the last week of November, which would be an improvement over total October deliveries. The company delivered vehicles to noteworthy users in October, including Justin Bell, a Le Mans 24-hours winner and renowned racing host. Since the launch of the first phase of deliveries in June, with collaborative efforts from external developer co-creation officers and the company's internal engineering team, the performance and user experience of the FF 91 2.0 Futurist Alliance have been continuously improving. At the recent "Racetrack Co-Creation Day" at Willow Springs International Raceway, the FF 91 2.0 Futurist outperformed the best lap time ever recorded for a Lamborghini Urus, setting a new lap time record for its category with a time of 1:28.130, an improvement of more than seven seconds compared with four months ago.
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OMC | Hot Stocks05:21 EDT Omnicom to acquire Flywheel Digital from Ascential for $835M - Omnicom announced it has agreed to acquire Flywheel Digital, the digital commerce business of Ascential, for a net cash purchase price of approximately $835M. Flywheel's services enable top brands to sell more goods more efficiently across hundreds of digital marketplaces, such as Amazon, Walmart, and Alibaba. These services are reinforced by their advanced technology platform, Flywheel Commerce Cloud, which delivers near real-time insights to improve decision-making and boost sales. Flywheel will operate as a Practice Area within Omnicom and will be led by Duncan Painter who currently serves as CEO of Ascential. The acquisition is expected to close in the first quarter of 2024 and is subject to Ascential shareholder approval, regulatory approvals, and customary closing conditions.
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CTSH | Hot Stocks05:12 EDT Cognizant extends collaboration with ISS - Cognizant has announced a five-year renewal with ISS. The extended collaboration will enable Cognizant to continue helping ISS create efficiencies and enhanced innovation within its financial organization across Northern Europe. To date, Cognizant has transitioned multiple and country specific processes and systems into one simplified, consolidated, and automated framework. The enhancements have enabled F&A employees at ISS to process more invoices each year meaning a better experience for their customers and vendors.
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FSM | Hot Stocks05:10 EDT Fortuna Silver Mines announces reinstatement of San Jose Mine EIA - Fortuna Silver Mines reported that the Mexican Federal Administrative Court has ruled in favor of Minera Cuzcatlan, Fortuna's Mexican subsidiary, and re-instated the 12-year environmental impact authorization, or EIA, for the San Jose Mine. On January 2, Minera Cuzcatlan received written notice of a resolution issued by the Secretaria de Medio Ambiente y Recursos Naturales which annulled the 12-year term of the EIA for the San Jose Mine and required SEMARNAT to re-assess it. Minera Cuzcatlan subsequently initiated legal proceedings in the Court to contest and revoke the annulment of the EIA and obtained a permanent injunction to protect its operations pending the decision of the court. In its ruling, the court dismissed the allegations of SEMARNAT contained in the annulment resolution. The San Jose Mine is in full compliance with all material environmental laws and continues to operate under the terms of the EIA. The decision of the court is subject to appeal by SEMARNAT, and if appealed, the permanent injunction that the company already has will remain in effect.
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AVGO VMW | Hot Stocks05:08 EDT Broadcom, VMware provide update on pending merger agreement - Broadcom (AVGO) and VMware (VMW) announced their expectation that Broadcom's acquisition of VMware will close soon, but in any event prior to the expiration of their merger agreement. The parties have received legal merger clearance in Australia, Brazil, Canada, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and foreign investment control clearance in all necessary jurisdictions. There is no legal impediment to closing under U.S. merger regulations. The parties also announced the results of the elections made by VMware stockholders of record regarding the form of consideration they wish to receive in exchange for their shares of VMware common stock in connection with the transaction. As previously disclosed, the deadline to have made such an election was 5:00 p.m. Eastern Time on October 23. As further described in the election materials and in the parties' proxy statement/prospectus dated October 3, each VMware stockholder will be entitled to receive, for each share of VMware common stock held immediately prior to the closing of the Transaction, $142.50 in cash, without interest, or 0.2520 of a share of Broadcom common stock. The merger consideration is subject to proration so that 50% of the aggregate shares of VMware common stock outstanding immediately prior to the closing of the transaction will be converted into the cash consideration and the remaining 50% of the aggregate shares of VMware common stock will be converted into the stock consideration. Each VMware stockholder will receive cash in lieu of any fractional shares of Broadcom common stock that the stockholder otherwise would be entitled to receive. Based on the final results of the merger consideration election: VMware stockholders of record of approximately 96% of the outstanding shares of VMware common stock elected to receive the stock consideration and in accordance with the proration procedures in the parties' merger agreement, approximately 52.1% of such outstanding shares of VMware common stock will be converted into the right to receive 0.2520 of a share of Broadcom common stock per share of VMware common stock and (ii) approximately 47.9% of such outstanding shares of VMware common stock will be converted into the right to receive $142.50 in cash per share of VMware common stock; and VMware stockholders of record of approximately 4% of the outstanding shares of VMware common stock elected to receive the cash consideration or did not make a valid election or did not deliver a valid election form prior to the Election Deadline. Each such VMware stockholder will be entitled to receive $142.50 in cash per share of VMware common stock.
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