Stockwinners Market Radar for October 31, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PACB | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 133.4K shares of PacBio today
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RXRX | Hot Stocks20:02 EDT Cathie Wood's ARK Investment bought 161.9K shares of Recursion Pharmaceuticals
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BX | Hot Stocks19:12 EDT Blackstone exec sells $2.76M in common stock - In a regulatory filing, Blackstone disclosed that its General Counsel John Finley sold 29.9K shares of common stock on October 30th in a total transaction size of $2.76M.
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AMZN | Hot Stocks19:07 EDT AWS announces Amazon EC2 Capacity blocks for ML workloads - Amazon Web Services announced the general availability of Amazon Elastic Compute Cloud Capacity Blocks for ML, an industry-first consumption model that enables any customer to access highly sought-after GPU compute capacity to run their short duration machine learning workloads. With EC2 Capacity Blocks, customers can reserve hundreds of NVIDIA GPUs colocated in Amazon EC2 UltraClusters designed for high-performance ML workloads. Customers can use EC2 Capacity Blocks with P5 instances, powered by the latest NVIDIA H100 Tensor Core GPUs, by specifying their cluster size, future start date, and duration. EC2 Capacity Blocks help ensure customers have reliable, predictable, and uninterrupted access to the GPU compute capacity required for their critical ML projects.
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BMY | Hot Stocks18:26 EDT Bristol Myers names Christopher Boerner as Board Chair effective April 1, 2024 - Bristol Myers "announced that its Board of Directors has unanimously elected Christopher Boerner, Ph.D., to serve as Chair of the Board, effective April 1, 2024. He succeeds Giovanni Caforio, M.D., who will step down as Chair of the Board on April 1, 2024 and retire from the company after 23 years of service. Boerner was named Executive Vice President, Chief Operating Officer and CEO-elect on April 26 and, as of November 1, Boerner will be Chief Executive Officer of Bristol Myers Squibb."
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DAL | Hot Stocks18:22 EDT Delta Air Lines director buys $307.5K in common stock - In a regulatory filing, Delta Air Lines disclosed that its director David Taylor bought 10K shares of common stock on October 27th in a total transaction size of $307.5K.
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FWRD | Hot Stocks18:21 EDT Omni Logistics files lawsuit against Forward Air to enforce merger pact - Omni Logistics announced that it has filed a complaint in the Delaware Court of Chancery against Forward Air Corporation regarding the companies' previously announced transaction. Omni's lawsuit seeks specific performance under the Agreement and Plan of Merger between Omni and Forward Air dated August 10, 2023, requiring Forward Air to comply with its obligations to complete the transaction. The complaint also seeks a judicial declaration confirming that Omni has complied with all required provisions of the Merger Agreement. Omni has requested a trial before the Court of Chancery to obtain a ruling enforcing the Merger Agreement prior to the Merger Agreement's outside expiration date of February 10, 2024.
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FLJ | Hot Stocks18:02 EDT FLJ Group announces disposal of Haoju Artificial Intelligence Technology - FLJ Group announced that it entered into an equity transfer agreement on October 31 to sell all of its equity interest in its indirectly wholly-owned subsidiary Haoju Artificial Intelligence Technology, a limited company incorporated under the laws of PRC, to Wangxiancai, a limited company incorporated under the laws of Hong Kong, for nominal consideration. The Disposal was completed on the same date. Through the WFOE and the WFOE's subsidiaries, the Company carried out its long-term apartment rental business. The Disposed Business contributed substantially all revenue and held substantially all of the assets of the Company prior to the Disposal. Certain key management of the Company will stay after the Disposal. The Disposal was approved by the board of directors of the Company, upon the recommendation and approval of the audit committee of the board of directors.
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TRU | Hot Stocks18:01 EDT TransUnion director buys $102.5K in common stock - In a regulatory filing, TransUnion disclosed that its director Linda Zukauckas bought 2,350 shares of common stock on October 30th in a total transaction size of $102.5K.
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CRSP | Hot Stocks17:54 EDT Crispr Therapeutics announces completion of FDA panel meeting for exa-cel - CRISPR Therapeutics announced the completion of the U.S. Food and Drug Administration's Cellular, Tissue, and Gene Therapies Advisory Committee meeting for exagamglogene autotemcel for the treatment of SCD in people ages 12 and older with recurrent vaso-occlusive crises. Exa-cel is the first potential therapy to emerge from a strategic partnership between CRISPR Therapeutics and Vertex Pharmaceuticals. If approved, exa-cel could be the first genetic therapy available to approximately twenty thousand people with severe SCD in the U.S. The FDA granted priority review for exa-cel in the treatment of people with SCD and assigned a Prescription Drug User Fee Act action date of December 8, 2023. Exa-cel's Biologics License Application for transfusion-dependent beta-thalassemia was assigned a PDUFA date of March 30, 2024.
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NVX | Hot Stocks17:54 EDT Novonix finalizes $100M grant award from U.S. DoE - NOVONIX "announced that its NOVONIX Anode Materials division finalized its $100M grant award from the U.S. Department of Energy to expand domestic production of high-performance, synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee."
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NVS | Hot Stocks17:42 EDT FDA approves Novartis' Cosentyx to treat hidradenitis suppurativa or HS - Novartis announced that the US Food and Drug Administration FDA has approved Cosentyx or secukinumab to treat moderate to severe hidradenitis suppurativa HS in adults. Cosentyx is the only FDA-approved fully human biologic that directly inhibits interleukin-17A or IL-17A, a cytokine believed to be involved in the inflammation of HS.2 HS is a chronic, systemic and often painful skin disease that causes recurring boil-like lumps that may burst into open wounds and cause irreversible scarring, often in the most intimate parts of the body. "Cosentyx can offer effective, lasting relief from HS symptoms so that people with HS have a chance to live every day with confidence," said Victor Bulto, President, Novartis US. "With this sixth indication approval for Cosentyx - along with ongoing studies in numerous other conditions - we are reaffirming our commitment to reimagine medicine for those living with immunological diseases."
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SATX | Hot Stocks17:35 EDT SatixFy Communications announces completion of $60M transaction with MDA - SatixFy Communications announced the completion of the previously announced $60M transaction with MDA , a provider of advanced technology and services to the rapidly expanding global space industry. In line with the original agreement, MDA acquired SatixFy's digital payload division and UK subsidiary for $40M and paid an additional $20M in advanced payments under new commercial agreements (which includes the previous $10M advanced payment made in June to be applied to future orders of space grade chips. SatixFy continues to retain all its related ASIC intellectual property and new chips' development to support the growing market. The strategic transaction also establishes deep cooperation between SatixFy and MDA to utilize SatixFy's revolutionary digital payload chip-based technology for advanced digital satellite payloads and is expected to open up SatixFy's solutions to broader markets and new customers. The strategic transaction is in line with SatixFy's strategy to focus on being a top leading technology provider to satellite payload design companies, with its unique offering of multi-beam forming and beam-hopping, using its on-board-processing radiation-hardened chipsets.
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BRO | Hot Stocks17:31 EDT Brown & Brown sells certain third-party administer businesses - J. Scott Penny, chief acquisitions officer of Brown & Brown announced an agreement with Davies Group Ltd. that includes the sale of four third-party administrator businesses and a long-term strategic commercial relationship. The transaction is expected to close in December of 2023, subject to certain closing conditions. The four claims and services businesses to be acquired by Davies include American Claims Management, Preferred Governmental Claims Services, USIS and ICA. All 600 teammates in the TPA Operations will be transitioning to the Davies team as part of this transaction and will continue to serve their valuable customers and carrier partners as they do today as part of Brown & Brown. Further, Brown & Brown is establishing a long-term commercial relationship with Davies to leverage their claims services capabilities to enhance Brown & Brown's core brokerage and programs operations. Chris Walker, president of the National Programs segment, stated, "Brown & Brown has had a working relationship with the Davies organization for many years. As they began to look at expanding their presence in the United States, there was a natural opportunity to engage our team. Through our discussions, we determined that we had an opportunity to enhance both of our organizations through a strategic transaction. Davies is best positioned to invest the necessary resources to grow these TPA businesses, from technology enhancement to training and development opportunities for teammates." The acquired businesses represent approximately $100M of annual revenue and the transaction will generate purchase proceeds in the range from $185M to $205M.
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TNXP | Hot Stocks17:30 EDT Tonix Pharmaceuticals trading resumes
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GTE | Hot Stocks17:24 EDT Gran Tierra appoints Sebastien Morin as COO - Gran Tierra Energy is pleased to announce the appointment of Mr. Sebastien Morin as Chief Operating Officer . Mr. Morin will be joining Gran Tierra as COO, located in Calgary and will report to Gary Guidry, President and Chief Executive Officer. Mr. Morin was most recently President & COO at WesternZagros Resources Ltd., a privately-owned petroleum operating company with production sharing contracts in the Kurdistan region of Iraq. Prior to WesternZagros Resources, Mr. Morin was previously employed by Gran Tierra, holding progressively more senior positions in Colombia and Calgary with the Company, including Vice President of Operations in Colombia.
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DKNG | Hot Stocks17:20 EDT DraftKings announces agreeent with the Passamaquoddy Tribe - DraftKings announced it has reached an agreement in principle, subject to licensing and regulatory approvals, with the Passamaquoddy Tribe paving the way for the launch of its online sportsbook in Maine. The agreement between DraftKings and the Passamaquoddy Tribe will allow sports fans 21 years of age and older to access DraftKings' innovative, immersive and entertaining sportsbook app experience that includes a variety of wagering options including pre-match and in-game options as well as signature, built in-house same-game-parlay features. In response to the tragic events in Lewiston, ME on October 25, DraftKings will be donating $100,000 to Lewiston-Auburn Area Response Fund to support those affected. With Maine Community Foundation as a conduit, 100% of every dollar donated will be allocated to people impacted and the organizations that will help guide Lewiston-Auburn through the process of healing.
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CZR | Hot Stocks17:20 EDT Caesars says consumer demand remains strong, capital projects winding down - Says Las Vegas continues to benefit from one of the strongest event calendars in the U.S. Says anticipates Q4 opening for Harris Hoosier park expansion. Says 2024 a busy year. Says focused on driving long term EBITDA growth. Says focused on retention enhancements. Says continues to rollout proprietary player account management system. Says Vegas remains quite strong. Says in active dialogue with the unions. Says when contract gets done expect it to be the largest increase that employees have seen in the past four decades since interacting with the culinary industry. Comments taken from Q3 earnings conference call.
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LMT | Hot Stocks17:17 EDT Lockheed Martin awarded $177.05M Air Force contract - Lockheed Martin was awarded a $177.05M firm-fixed-price and a maximum amount to include a time and material ceiling amount of $100,000 on contract for F-16 Systems Program Office Foreign Military Sales support. This contract provides for Foreign Military Sales support to Chilean/Fuerza Aerea de Chile F-16 M6.6 Operational Flight Program and Systems Upgrade. Work is expected to be completed by November 30, 2032. This contract involves Foreign Military Sales to Chile. This contract was a sole source acquisition. The Air Force Life Cycle Management Center is the contracting activity.
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ALKS | Hot Stocks17:15 EDT Alkermes: SEC declares Form 10 registration statement filed by Mural effective - Alkermes announced that the Registration Statement on Form 10, as amended filed by Mural Oncology Mural Oncology was declared effective by the U.S. Securities and Exchange Commission SEC . This Form 10 describes Alkermes' planned separation of its oncology business into Mural Oncology, which, upon completion of the separation, will be a new, independent, publicly traded company. The completion of the separation is set to occur on Nov. 15 through a distribution to Alkermes shareholders of one ordinary share of Mural Oncology for every 10 ordinary shares of Alkermes held as of the close of business on Nov. 6 the record date for the distribution. No action is required by Alkermes shareholders in order to receive ordinary shares of Mural Oncology in the distribution. The completion of the separation is subject to certain conditions described in the Form 10, including those conditions set forth in a separation agreement to be entered into between Alkermes and Mural Oncology, a form of which is filed as an exhibit to the Form 10.
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GTE | Hot Stocks17:15 EDT TSX approves Gran Tierra's notice of intention for a normal course issuer bid - Gran Tierra Energy announces that the Toronto Stock Exchange, or TSX, has approved its notice of intention to make a normal course issuer bid for its shares of common stock. As of October 20 there were 33,288,305 Shares issued and outstanding and the public float was 32,349,140 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 3,234,914 Shares, representing 10% of the public float, at prevailing market prices at the time of purchase, through the facilities of the TSX, the NYSE American or alternative trading platforms in Canada or the United States, if eligible, or by such other means as may be permitted by the TSX, the NYSE and applicable securities laws for a one year period commencing on November 3, 2023 and ending on November 2, 2024. Gran Tierra has also entered into an Automatic Share Purchase Plan, or ASPP, in connection with the Bid. The brokerage firm conducting the Bid on behalf of Gran Tierra and administering the ASPP is Eight Capital. The ASPP is intended to allow for the purchase of Shares under the Bid when Gran Tierra would ordinarily not be permitted to purchase Shares due to regulatory restrictions and customary self-imposed blackout periods. Gran Tierra may purchase up to 14,306 Shares during any trading day, which represents approximately 25% of 57,225, which represents the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the Bid. Gran Tierra may effect repurchases from time to time in the open market.
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NOC | Hot Stocks17:14 EDT Northrop Grumman awarded $542.93M Navy contract modification - Northrop Grumman was awarded a $542.93M cost-plus-fixed-fee, firm-fixed-price, fixed-price incentive modification to a previously awarded contract. This modification provides for the production and delivery of MQ-4C Triton Unmanned Aircraft System Low-Rate Initial Production Lot Six, to include three unmanned aircraft, or UA, for the Navy; one UA for the government of Australia; and one main operating base for the Navy, as well as associated support and related technical and administrative data. Work is expected to be completed in January 2028. FY23 aircraft procurement funds in the amount of $411.38M; FY22 aircraft procurement funds in the amount of $971,678; and Royal Australian Air Force cooperative funds in the amount of $40M will be obligated at the time of award, $971,678 of which will expire at the end of the current fiscal year. Naval Air Systems Command is the contracting activity.
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TNXP | Hot Stocks17:03 EDT Tonix announces Phase 2 study of TNX-601 did not achieve significant results - Tonix Pharmaceuticals Holding announced topline results from the Phase 2 proof-of-concept double-blind, randomized, multi-center, placebo-controlled UPLIFT study of TNX-601 ER in patients with major depressive disorder, or MDD. The primary efficacy endpoint of change from baseline in depression severity, as measured by the Montgomery-Asberg Depression Rating Scale, or MADRS, total score, did not achieve clinical or statistical significance. "Based on these efficacy results, we are discontinuing development of TNX-601 ER. We look forward to topline results from our Phase 2 study of TNX-1900 in chronic migraine in early December and topline results from our Phase 3 potential NDA-enabling study of TNX-102 SL in fibromyalgia in late December," said Seth Lederman, President and CEO. In the Phase 2 UPLIFT study, TNX-601 ER was orally administered as monotherapy once a day to 132 patients who, upon entering the study, met a DSM-5 diagnosis of moderate-to-severe depression with a duration for the current major depressive episode of at least 12 weeks. Efficacy was assessed using the MADRS to measure any potential change in patients' depression severity from baseline. In the study, TNX-601 ER was generally well-tolerated with a favorable safety profile. There was one serious adverse event experienced in the placebo group, and two SAEs in the active treatment group deemed possibly related to study drug, both of which resolved without sequelae.
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TGB | Hot Stocks17:02 EDT Taseko Mines announces that the UIC permit for Florence Copper is now effective - Taseko Mines Limited announced that the EPA has confirmed that no appeals have been received and Florence Copper's final Underground Injection Control, UIC, permit is now effective. Stuart McDonald, CEO of Taseko, commented, "Successful completion of the UIC permitting process is a result of Taseko's long-term development approach, and the quality and environmental integrity of the project. Taseko is now in a unique position, with one of the very few fully permitted mining projects in North America. With the final permit in hand, we have a clear line of vision to commercial production and are that much closer to realizing the full value of Florence Copper."
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YUMC | Hot Stocks16:59 EDT Yum China falls 10% to $47.00 after Q3 results miss estimates
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MTZ | Hot Stocks16:57 EDT MasTec falls 20% to $47.29 after Q3 results miss, FY23 guidance cut
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TNXP | Hot Stocks16:55 EDT Tonix Pharmaceuticals trading halted, news pending
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DBVT NSRGY | Hot Stocks16:50 EDT DBV to submit final COMFORT Toddlers protocols to FDA in 'coming weeks' - DBV Technologies announced the receipt of written feedback from the U.S. Food and Drug Administration FDA regarding the remaining study design elements for the COMFORT, Characterization of the Optimal Management of FOod Allergy Relief and Treatment,supplemental safety studies. T ...Following DBV's request for clarification after receipt of Type C Meeting feedback in July 2023, the FDA provided Written Responses on protocol design elements for the COMFORT supplemental safety studies. Both COMFORT Toddlers and COMFORT Children protocol will have harmonized language guiding how the product will be used in the trials, such as, "Each DBV712 250 microgram epicutaneous system is intended to be worn for a full day." ..."We are very pleased with the engagement and clarity of the feedback received from the FDA," stated Pharis Mohideen, Chief Medical Officer of DBV Technologies. "With a clear regulatory path forward, we will submit to FDA the final protocols for the COMFORT studies. We remain confident that this work will support a Biologics License Application BLA in both age groups and potentially bring this novel, much needed therapy to a vulnerable patient population." DBV will implement the FDA's feedback and expects to submit the final COMFORT Toddlers protocol design to the Agency in the coming weeks. DBV anticipates the first subject will be enrolled in Q1 2024. The initiation of COMFORT Children is expected after the start of COMFORT Toddlers and in alignment with VITESSE recruitment.
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MTCH... | Hot Stocks16:47 EDT Match, Google reach binding term sheet for settlement - The Match (MTCH) plaintiffs and Google (GOOG) informed the court that they have reached a binding term sheet for a settlement of their respective claims against each other in the Match Group, LLC et al vs. Google LLC et al lawsuit. Under the terms, the $40 million placed in escrow will be returned to Match Group and no other amounts will be owed by the Match plaintiffs to Google relating to the claims in the lawsuit for the period ending December 31, 2023. The parties have agreed that by March 31, 2024 Match Group's apps will implement Google's User Choice Billing pursuant to which Match Group brands will pay standard rates of 15% on subscriptions and 30% on a la carte transactions for in-app transactions processed through Google's payment system and 11% on subscriptions and 26% on a la carte transactions for in-app transactions processed through our payment systems. The parties will enter a new partnership agreement that will provide value exchange across their broad relationship, which we expect will essentially offset the additional costs that Match Group brands expect to incur over the three years starting in 2024 associated with the implementation and continued use of User Choice Billing in compliance with Google's payment policy during that period.
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INCR | Hot Stocks16:41 EDT InterCure wins Cannolam arbitration proceeding - InterCure reported that that, further to the Company's press release issued on August 31, 2023, in which the company reported that the Tel Aviv-Jaffa District Court dismissed the lawsuit that filed against the company by minority shareholders of its subsidiary, Cannolam Ltd., and the parties agreed on a binding arbitration process, in which the amount owed to the company and the parties will be determined and paid as part of a full separation process, the company hereby reports that the Arbitration has been concluded, and the arbitrator has decided in favor of the company on most of the claims presented to him by the company, while rejecting almost all of the claims presented by the minority shareholders. Additionally, the arbitrator determined that Cannolam owes InterCure significant amounts, which InterCure has claimed as part of the Arbitration, in recognition of InterCure's ongoing support to Cannolam. The minority shareholders did not transfer their part of the Cannolam debt owed to InterCure, and as a result, in accordance with the Arbitration decision, their shares in Cannolam were transferred to InterCure. As a result, as of the date hereof, InterCure now holds 100% of the shares in Cannolam, which has the exclusive right to use the "Cookies" brand in Israel and other territories. Cannolam is the leading pharmacy chain specializing in dispensing pharmaceutical-grade cannabis. It operates under Givol and Cookies branded locations.
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NVAX | Hot Stocks16:40 EDT Novavax's Nuvaxovid XBB.1.5 dispersion receives approval in Europe - Novavax announced the European Commission has granted approval for Nuvaxovid XBB.1.5 dispersion for injection COVID-19 Vaccine for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals aged 12 and older. This decision follows positive opinion for approval from the Committee for Medicinal Products for Human Use of the European Medicines Agency. Novavax is working closely with EU member states that have requested doses through the advance purchase agreement to confirm timing of dose delivery on a country-by-country basis. Approval was based on non-clinical data showing that Novavax's updated COVID-19 vaccine induced functional immune responses against XBB.1.5, XBB.1.16 and XBB.2.3 variants. Additional non-clinical data demonstrated that Novavax's vaccine induced neutralizing antibody responses to newly emerging subvariants BA.2.86, EG.5.1 FL.1.5.1 and XBB.1.16.6 as well as CD4+ polyfunctional cellular responses against EG.5.1 and XBB.1.16.6. These data indicate Novavax's vaccine can stimulate both arms of the immune system and may induce a broad response against circulating variants. Novavax's vaccine is authorized for use in the U.S. and is currently under review in other markets.
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YUMC | Hot Stocks16:33 EDT Yum China raises 2023 new store target to 1,400-1,600 - The ompany's fiscal year 2023 targets were updated at Investor Day on September 14, 2023: To open approximately 1,400 to 1,600 net new stores, an increase of 300 stores from the previous target. To make capital expenditures in the range of approximately $700M-$900M, unchanged from the previous target
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YUMC | Hot Stocks16:32 EDT Yum China reports Q3 SSS up 4% - Same-store sales increased 4% year over year, with increases of 4% at KFC and 2% at Pizza Hut in constant currency. Opened 500 net new stores during the quarter; total store count reached 14,102, as of September 30, 2023. Total system sales increased 15% year over year, with increases of 15% at KFC and 13% at Pizza Hut in constant currency. Growth was mainly attributable to new unit contribution, same-store sales and lapping of temporary closures in the prior year. Restaurant margin was 17.0%, compared with 18.8% in the prior year period, mainly due to lapping of austerity measures and temporary relief in the prior year.
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GIA | Hot Stocks16:30 EDT GigCapital5 receives sponsor funds for additional working capital - GigCapital5 announced that it amended and restated the existing working capital promissory note issued to GigAcquisitions5, LLC to include the additional loan amount of $381,360, so the aggregate principal amount under such working capital promissory note was increased to the total of $1,446,360. The promissory note is non-interest bearing and may be converted at the Sponsor's election upon the consummation of the initial business combination into units identical to the private placement units issued in connection with the Company's initial public offering at a price of $10.00 per unit.
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AN | Hot Stocks16:28 EDT AutoNation launches AutoNationParts.com - AutoNation announced the official launch of AutoNationParts.com, a new eCommerce website enabling Customers to purchase high-quality automotive parts and accessories at competitive prices, shipped directly to their homes. Providing fast nationwide shipping for guaranteed-to-fit genuine manufacturer parts from more than 25 brands, AutoNationParts.com aims to meet growing demand from DIY mechanics and "do-it-for-me" Customers who can confidently purchase parts online and have them expertly installed by their chosen mechanic, ensuring a seamless and convenient experience.
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PSTV | Hot Stocks16:25 EDT Plus Therapeutics announces share repurchase program up to $500K - Plus Therapeutics announced that its Board of Directors has approved a share repurchase program, with authorization to repurchase up to $500,000 of the Company's outstanding common stock. The Company intends to fund any share repurchases with available cash. "We are committed to delivering long-term value to shareholders, and this repurchase program reinforces our confidence in our future and our ability to execute on strategic priorities," said Marc H. Hedrick M.D., President and Chief Executive Officer of Plus Therapeutics. The timing and amount of any shares repurchased will be determined based on the Company's evaluation of market conditions and other factors, including consent of the Company's lender. Repurchases may be made from time to time on the open market over the next 12 months, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1. Repurchases will be made in accordance with the rules and regulations promulgated by the Securities and Exchange Commission. The Company is not obligated to acquire any shares and the program may be discontinued or suspended at any time.
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TRHC | Hot Stocks16:23 EDT Tabula Rasa HealthCare stockholders approve acquisition by Nautic Partners - Tabula Rasa HealthCare announced that its stockholders approved the previously announced acquisition by Nautic Partners, following which TRHC is expected to combine with ExactCare Pharmacy, a portfolio company of Nautic. The proposal to adopt the merger agreement was approved at a virtual special meeting of the Company's stockholders held today with approximately 99.6% of the votes cast in favor of the proposal, which represented approximately 70.9% of the outstanding shares of Company common stock. The Company expects to complete the transaction during the Q4, subject to customary closing conditions. Upon closing, Tabula Rasa will become a privately held company and shares of TRHC common stock will no longer be listed on the Nasdaq stock exchange.
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NRT | Hot Stocks16:22 EDT North European Oil Royalty Trust announces there will be no distribution in Q4 - The Trustees of North European Oil Royalty Trus announced that, consistent with previous disclosures, there will not be a quarterly distribution for the Q4. This compares to a distribution of 74c per unit for the Q4 of FY22. ExxonMobil's scheduled shutdown of the Grossenkneten desulphurization plant for the first 18 days of this quarter contributed to a decline in gas sales volumes. This reduction and the continued decline in the German Border Import gas Price, as well as negative adjustments from the current and prior quarters, resulted in the absence of any royalty payments to the Trust for the quarter ending October 31. The residual balance of these adjustments will have an impact on the Q1 of FY24. However, cash distributions in any fiscal quarter beyond the Q4 cannot be determined with any certainty at this time. The volatility in gas prices, coupled with the pricing system specified in the Trust's agreements with the operating companies, contributed to the uneven distributions in the most recent quarters. Distributions are based on actual royalty income received less incurred and anticipated expenses. Additional details will be included in the earnings press release scheduled for publication on or about November 17.
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UNM | Hot Stocks16:22 EDT Unum Group announces $500M share repurchase authorization - Unum Group announced that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $500M of its common stock from time to time beginning on January 1, 2024. This program follows the company's current share repurchase program, which expires on December 31, 2023.
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AWK | Hot Stocks16:21 EDT Indiana American Water acquires Sunset Village water system - Indiana American Water President Matt Prine announced the company's acquisition of the Sunset Village water system in southeast Indiana. The purchase of the system, serving a small community along the Ohio River known as Bushman's Lake, adds approximately 100 water customers to the company's customer base, which represents a population of approximately 270 residents. "The acquisition of this system will help hold future rates down for Sunset Village customers as needed investments are made and also provides access to operations and capital management water professionals and a number of customer service options and payment methods," said Prine. "Indiana American Water already provides water service to several nearby communities, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana." The acquisition of the Sunset Village water system for $150,000 was approved by the Indiana Utility Regulatory Commission on August 2, 2023 and closed by Indiana American Water and Tina Beckort, the previous owner, on October 31, 2023.
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OKE | Hot Stocks16:19 EDT Oneok raises FY23 guidance - The company increased its 2023 net income and adjusted EBITDA guidance midpoints by $120M and $125M, respectively, on a ONEOK pre-acquisition basis to be comparable with the previous guidance provided on August 7.
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TYL | Hot Stocks16:18 EDT Tyler Technologies acquires ResourceX, terms not disclosed - Tyler Technologies announced it has acquired ResourceX, a leader in providing priority-based budgeting software to the public sector to address key challenges faced in traditional budgeting processes, such as lack of funding and transparency. Through this acquisition, Tyler adds ResourceX's priority-based budgeting solutions to its portfolio, elevating Tyler's offerings in the public sector budgeting space and providing a unique enterprise resource planning (ERP) offering. "Priority-based budgeting is an up-and-coming pillar in public sector budgeting solutions," said Chris Webster, president of Tyler's ERP & Civic Division. "We are excited to not only bring this comprehensive offering to our clients but also to integrate the ResourceX team into Tyler. We know this solution will enhance our entire ERP portfolio and bring even more efficiency and transparency to communities."
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SLI | Hot Stocks16:17 EDT Standard Lithium exercises option agreement on South West Arkansas project - Standard Lithium announced the exercise of its option agreement with TETRA Technologies, for the South West Arkansas SWA Project. This significant move affirms the Company's strategic direction, and builds on the positive insights garnered from the recent Preliminary Feasibility Study PFS . "This is an important and natural step for us as we advance our South West Arkansas Project," said Andy Robinson, President and COO of Standard Lithium. ...The Agreement entered into with TETRA in 2017 granted the Company the exclusive option, exercisable over a ten-year period, to the brine production rights on approximately 27,000 net acres of brine leases located in Columbia and Lafayette Counties, Arkansas. Exploration activities on the brine leases commenced in 2018 to identify the presence of lithium-bearing brines, and shortly thereafter, the Company announced a maiden inferred mineral resource of 802,000 tonnes lithium carbonate equivalent at an average lithium concentration of 199 mg/L from the area now known as the SWA Project.
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BXC | Hot Stocks16:16 EDT BlueLinx anounces new $100M share repurchase plan - BlueLinx announced that its board of directors has approved a new share repurchase authorization under which the company may repurchase $100M of its outstanding shares of common stock in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The new authorization will be funded through a combination of cash on hand and cash flow from operations. The company completed its prior $100M share repurchase program in early fiscal October.
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NE | Hot Stocks16:13 EDT Noble Corp. sees FY23 adjusted EBITDA $775M-$825M, - Representing the top half of the previous range.
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NE | Hot Stocks16:13 EDT Noble Corp. raises quarterly dividend to 40c per share - This dividend is to be payable on December 14th to shareholders of record at close of business on November 15th.
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SELB | Hot Stocks16:12 EDT Selecta eligible for up to $615M in remaining SEL-212 payments, royalties - In connection with this transition, 15 Selecta employees currently supporting ImmTOR manufacturing and clinical development activities for SEL-212 are expected to become employees of Sobi. In addition, Peter G. Traber, M.D., Chief Medical Officer of Selecta, will begin serving as a consultant to Sobi, helping to oversee the clinical and regulatory activities associated with SEL-212. Dr. Traber will also continue to serve in his role as Chief Medical Officer at Selecta on a part-time basis. "We believe transitioning our manufacturing operations to Sobi will further streamline our organization, consistent with our announced strategic objective to optimize the value of our SEL-212 royalty stream for stockholders," said Carsten Brunn, Ph.D., President and Chief Executive Officer of Selecta. "Leveraging ImmTOR, the only immune tolerance platform with positive Phase 3 data, we firmly believe that SEL-212 has strong potential to address this significant unmet need and exceed $700 million in peak sales in the U.S." Sobi licensed SEL-212 from Selecta in June 2020 and is responsible for development, regulatory and commercial activities in all markets outside of China. Selecta was originally responsible for ImmTOR manufacturing. Selecta is eligible to receive up to $615M in remaining regulatory and commercial milestone payments and tiered double-digit royalties on net sales of SEL-212.
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GPOR | Hot Stocks16:10 EDT Gulfport Energy raises FY23 outlput view to 1,045 MMcfe-1,055 MMcfe per day - Prior view was 1,035 MMcfe - 1,055 MMcfe per day.
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RBB | Hot Stocks16:08 EDT RBB Bancorp names Rizkalla deputy chief risk officer, resumes share repurchases - RBB Bancorp announced the appointment of Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer of RBB Bancorp and its wholly-owned bank subsidiary, Royal Business Bank. Rizkalla will be the head of the Bank's Bank Secrecy Act department where he will oversee the Bank's Anti-Money Laundering/Countering the Financing of Terrorism compliance program and assist in the administration of the Bank's comprehensive risk management programs for assessing, identifying, monitoring, and reducing risks. Rizkalla was previously the EVP & Chief Risk Officer/BSA Officer of Commonwealth Business Bank, which he joined in 2021. He brings significant experience in BSA/AML compliance, including his management of the BSA and compliance departments at CTBC Bank, East West Bank and OneWest Bank. He graduated from California State University, Los Angeles with a Bachelor of Science in Criminology. The Company also announced that it will resume repurchasing shares of its common stock under a 10b5-1 trading plan. The plan is part of the Company's previously announced one million share repurchase program under which approximately 433,000 shares remain available and authorized for repurchase.
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ICFI | Hot Stocks16:08 EDT ICF International awarded $23M disaster recovery contract - The Oregon Housing and Community Services Department recently awarded global consulting and technology services provider ICF a new contract to provide technology-enabled disaster management and program implementation services to support wildfire recovery efforts. The contract has a value of $23M and a term of 64 months, including a 16-month base and four one-year option periods. ICF will manage the state's first-ever federally funded housing recovery programs designed to move wildfire survivors into safer, more energy efficient and resilient homes and will support infrastructure, planning and economic development initiatives. The company will leverage its proprietary cloud-based technology solutions, disasTRAX, to help the state distribute $341M in U.S. Department of Housing and Urban Development Community Development Block Grant-Disaster Recovery funding in a fast, equitable and complaint manner. ICF will also support the development of Oregon's statewide grant management system through its customizable data visualization system, Waypoint, to expedite environmental reviews.
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SELB | Hot Stocks16:08 EDT Selecta in pact to shift ImmTOR for SEL-212 rights and clinical ops to Sobi - Selecta Biosciences announced that it has entered into an agreement to transition the manufacturing and development rights and remaining clinical operations of ImmTOR for SEL-212 to its development and commercialization partner, Swedish Orphan Biovitrum or Sobi. As of November 6 Sobi will assume responsibility for the manufacturing and commercial supply of ImmTOR for SEL-212. SEL-212, a combination of Selecta's ImmTOR immune tolerance platform and a therapeutic uricase enzyme pegadricase is in development for the treatment of chronic refractory gout. A Biologics License Application BLA submission for SEL-212 remains on track for the first half of 2024..."Leveraging ImmTOR, the only immune tolerance platform with positive Phase 3 data, we firmly believe that SEL-212 has strong potential to address this significant unmet need and exceed $700M in peak sales in the U.S." Sobi licensed SEL-212 from Selecta in June 2020 and is responsible for development, regulatory and commercial activities in all markets outside of China. Selecta was originally responsible for ImmTOR manufacturing. Selecta is eligible to receive up to $615M in remaining regulatory and commercial milestone payments and tiered double-digit royalties on net sales of SEL-212.
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PAYC | Hot Stocks16:07 EDT Paycom expands employee-guided payroll into Mexico - Paycom announced it will expand its payroll solution into Mexico. This expansion includes access to Beti, Paycom's industry-first, employee-guided payroll experience. Mexico will be Paycom's second North American expansion, following Canada earlier this year. This launch follows the announcement of Global HCM, which expanded availability of Paycom's human capital management software to users in more than 180 countries and 15 languages and dialects. Now, Paycom will offer its single-software solution for HCM, including Beti, to support organizations with employees in Mexico. "With our recent launch into Canada and now Mexico, we continue to extend our geographic reach and provide tremendous value to businesses that embrace do-it-yourself payroll with Beti," said Paycom's founder, chairman and CEO, Chad Richison.
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MCHX | Hot Stocks16:05 EDT Marchex names Holly Aglio as CFO - Marchex "announced that Holly Aglio has joined the company as Chief Financial Officer. Aglio is a seasoned financial leader, having served in multiple influential financial management roles during her career, and will lead Marchex's finance and accounting organizations."
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CCO | Hot Stocks16:03 EDT Clear Channel Outdoor closes sale of its business in France to Equinox - Clear Channel Outdoor Holdings announced that it has closed the previously announced sale of its business in France to Equinox Industries. Additionally, the Company has initiated a process to sell the businesses in its Europe-North segment, which include operations in the United Kingdom, the Nordics and several other countries throughout Northern and Central Europe. The Company has also initiated a strategic review of its Latin American businesses, which include operations in Mexico, Brazil, Chile and Peru. To date, the Company has sold its businesses in Switzerland, Italy and France and has agreed to sell its business in Spain. The Company has engaged Moelis & Company and Deutsche Bank Securities as financial advisors to assist it with the process to sell the Company's Europe-North segment. The Company has engaged Moelis & Company as financial advisor to assist it with the strategic review of our Latin American businesses.
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CHK | Hot Stocks16:02 EDT Chesapeake, Vitol enter Heads of Agreement - Chesapeake Energy and Vitol announced the entrance into a Heads of Agreement with Chesapeake Energy Marketing L.L.C. a subsidiary of Chesapeake Energy Corporation. Under the HOA, Chesapeake will supply up to 1M tonnes of LNG per annum to Vitol with the purchase price indexed to Japan Korea Marker for a period of 15 years. Following the execution of the HOA, Chesapeake and Vitol will jointly select the most optimal liquefaction facility in the United States to liquify the gas produced by Chesapeake for delivery to Vitol. The HOA has a targeted start date in 2028.
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BYFC | Hot Stocks15:46 EDT Broadway Financial repurchases 1,958,173 shares from FDIC at 90.95c - Broadway Financial reported that Broadway recently purchased 1,958,173 shares of the company's Class A common stock from the Federal Deposit Insurance Corporation, or FDIC, which obtained the shares when it was appointed receiver for First Republic Bank upon its closure earlier this year. The purchased shares represented just under 4% of the company's total voting shares prior to the purchase, and over 2.6% of the company's total common equity. Broadway purchased the shares at a price of 90.95c per share, which represented the 20-day volume weighted average price for the Class A shares over the period ended October 24, 2023.
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OLIT | Hot Stocks15:16 EDT OmniLit Acquisition Corp. shareholders approve merger with Syntec Optics - OmniLit Acquisition Corp. announced that its shareholders voted to approve the previously announced business combination with Syntec Optics at OLIT's Annual meeting of shareholders held October 31. Over 99.9% of the votes cast at the Annual Meeting for the Business Combination Proposal were cast in favor. OLIT shareholders also voted to approve all other proposals presented at the Annual Meeting.
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DEN XOM | Hot Stocks14:23 EDT Denbury shareholders approve takeover by Exxon Mobil - Denbury (DEN) announced that, at its special meeting of stockholders held earlier today, Denbury stockholders voted to approve its merger with Exxon Mobil (XOM). Under the terms of the merger agreement, ExxonMobil will acquire all of the outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. According to preliminary results, Denbury stockholders approved the transaction with more than 75% of the total shares outstanding and 99% of the shares voted in support of the merger. The closing of the transaction remains subject to customary closing conditions and is expected to occur on November 2.
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WEC | Hot Stocks14:19 EDT WEC Energy projects complete exit from coal by the end of 2032 - Says remains on track for "strong" 2023. Comments taken from Q3 earnings conference call.
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FRBN | Hot Stocks13:36 EDT Forbion European Acquisition Corp trading resumes
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PSMT | Hot Stocks13:35 EDT PriceSmart says recently decided to raise membership fee by $5 in most markets - PriceSmart CFO Michael McCleary stated during the company's Q4 earnings call: "Following many years where our annual membership fee for 2 cards has been $35 in most markets, $75 for platinum, we recently decided to raise our fee by $5 in most markets for all membership types. We expect these fee increases to take place on a staggered basis in most countries during fiscal year 2024."
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FRBN | Hot Stocks13:31 EDT Forbion European Acquisition Corp trading halted, volatility trading pause
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NVAX | Hot Stocks13:01 EDT Novavax announces positive CHMP opinion for updated COVID vaccine - Novavax announced that the Nuvaxovid XBB.1.5 dispersion for injection COVID-19 Vaccine has been recommended for approval for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals aged 12 and older in the European Union by the Committee for Medicinal Products for Human Use of the European Medicines Agency. The European Commission will review the CHMP recommendation and is expected to make a final decision in the coming days, the company said in a statement. "Following the positive CHMP opinion and pending European Commission decision, Novavax will work closely with EU member states on our shared goal of delivering an updated protein-based non-mRNA COVID-19 vaccine in Europe," said John Jacobs, CEO of Novavax.
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TRCA | Hot Stocks12:52 EDT Twin Ridge Capital Acquisition Corp trading resumes
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DKDCA | Hot Stocks12:48 EDT Data Knights Acquisition Corp trading resumes
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TRCA | Hot Stocks12:47 EDT Twin Ridge Capital Acquisition Corp trading halted, volatility trading pause
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DKDCA | Hot Stocks12:43 EDT Data Knights Acquisition Corp trading halted, volatility trading pause
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GMBL | Hot Stocks12:43 EDT Esports Entertainment announces strategic investment in Drafted.gg - Esports Entertainment announced that it has signed a binding Letter of Intent to acquire a 30% minority interest, in furtherance of strategic collaboration and revenue sharing agreement with Drafted.gg, a wagerable esports content producer based in Czech Republic. Alex Igelman, CEO of Esports Entertainment, stated, "We are excited to obtain a minority interest and participate in a revenue-sharing agreement that Drafted.gg has in place, as a first step in a broader planned collaboration. Drafted.gg is a top-tier provider of esports content, currently including popular esports titles in eSoccer, eBasketball, and eCricket. Drafted.gg currently operates two content production studios, one in the United Arab Emirates and the other in Prague, Czech Republic. Matches are streamed live and online across Twitch and YouTube, as well as other platforms, and are currently offered in jurisdictions across Europe and Asia. This transaction supports Esport Entertainment's strategy to embed wagerable content into our expanding esports and iGaming offering. This initial investment and collaboration with Drafted.gg allows us to seamlessly add a best-in-class provider of 24/7 esports content and wagering to the company's robust ecosystem. We anticipate that based on the performance of their esports content during the first phase of our collaboration, as well as Esports Entertainment's ability to successfully onboard its first U.S. sportsbook, the company would then acquire the remaining 70% of Drafted.gg. We firmly believe that the vast array of content-comprising thousands of short-cycle games available each month, with the majority concluding in 8 minutes or less-will be well received by esports bettors in the United States. We are also confident in our ability to successfully onboard Drafted.gg content with leading U.S. sportsbooks."
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AMAO | Hot Stocks12:36 EDT American Acquisition Opportunity Inc trading resumes
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ALRN | Hot Stocks12:33 EDT Aileron Therapeutics announces acquisition of Lung Therapeutics - Aileron Therapeutics announced it has acquired Lung Therapeutics, a privately held biopharmaceutical company focused on developing novel therapies for the treatment of orphan pulmonary and fibrosis indications that have no approved or limited effective treatments. Immediately following the acquisition of Lung Tx, Aileron entered into a definitive agreement for the sale of shares of Aileron's Series X non-voting convertible preferred stock and warrants to purchase shares of Aileron's common stock in a private placement to a group of accredited investors led by Bios Partners, and including Nantahala Capital, as well as additional undisclosed investors. The private placement is expected to result in gross proceeds to Aileron of approximately $18M before deducting placement agent fees and other offering expenses. Aileron intends to use the proceeds from the private placement primarily to complete the ongoing Phase 1b clinical study of LTI-03, a Caveolin-1-related peptide in development for the treatment of IPF, and for general corporate purposes. "We are pleased to announce that after a thorough evaluation of strategic alternatives, we have completed the acquisition of Lung Therapeutics, which we believe represents a value-creation opportunity for Aileron's stockholders. We are thankful and appreciative of our board members, management team and employees, both past and present, along with our investors for their support and commitment," said Manuel Aivado, M.D., Ph.D, CEO of Aileron. Aileron will be led by its current management team consisting of Manuel C. Aivado, M.D., Ph.D, CEO, and Susan Drexler, M.B.A., C.P.A., Interim CFO, as well as Brian Windsor, Ph.D, former CEO of Lung Tx, who was appointed as President and COO of Aileron.
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AMAO | Hot Stocks12:31 EDT American Acquisition Opportunity Inc trading halted, volatility trading pause
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AMRN | Hot Stocks12:02 EDT Amarin appoints Jonathan Provoost as chief legal, compliance officer - Amarin Corporation announced the appointment of Jonathan Provoost as the Company's new Executive Vice President, Chief Legal & Compliance Officer. He will join the Company on November 15. Most recently, he served as Vice President, General Counsel and Chief Compliance Officer at Tris Pharma.
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TTI | Hot Stocks12:01 EDT Tetra Technologies falls -14.5% - Tetra Technologies is down -14.5%, or -81c to $4.77.
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ANVS | Hot Stocks12:00 EDT Annovis Bio falls -16.9% - Annovis Bio is down -16.9%, or -$1.38 to $6.78.
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CTLT | Hot Stocks12:00 EDT Catalent falls -16.9% - Catalent is down -16.9%, or -$6.75 to $33.16.
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PINS | Hot Stocks12:00 EDT Pinterest rises 18.8% - Pinterest is up 18.8%, or $4.72 to $29.82.
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SSTK | Hot Stocks12:00 EDT Shutterstock rises 20.8% - Shutterstock is up 20.8%, or $7.13 to $41.45.
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WOLF | Hot Stocks12:00 EDT Wolfspeed rises 22.0% - Wolfspeed is up 22.0%, or $6.10 to $33.82.
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CYTK | Hot Stocks11:56 EDT Cytokinetics trading resumes
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CYTK | Hot Stocks11:51 EDT Cytokinetics trading halted, volatility trading pause
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D | Hot Stocks11:41 EDT Dominion's CVOW project receives favorable BOEM Record of Decision - Dominion Energy's Coastal Virginia Offshore Wind received a favorable Record of Decision from the Bureau of Ocean Energy Management. The project is on-time and on budget with onshore construction commencing later this year. This is the last major milestone before BOEM approves the Construction and Operations Plan, which authorizes construction to begin offshore. The 2.6-gigawatt CVOW project will generate enough clean, renewable energy to power up to 660,000 homes once fully constructed in late 2026 and satisfy the mandates the 2020 Virginia Clean Economy Act. CVOW is expected to generate fuel savings of $3 billion for customers during the project's first 10 years of operation.
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AMGN | Hot Stocks11:25 EDT Amgen says study of AMG 340 in mCRPC will be discontinued - Earlier, along with announcing financial results for the third quarter, Amgen stated that a Phase 1 dose-escalation study of AMG 340, a lower T-cell affinity BiTE molecule targeting prostate-specific membrane antigen, or PSMA, in mCRPC will be discontinued. In morning trading following the company's report of its Q3 results, issuance of FY23 guidance and disclosure regarding AMG 340, Amgen shares are down $10.21, or nearly 4% to $252.99.
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EVAX | Hot Stocks11:23 EDT Evaxion Biotech announces initial Phase 2 data on EVX-01 vaccine - Evaxion Biotech announced initial results from the EVX-01 Phase 2 clinical trial, confirming previous Phase 1 findings. A comprehensive clinical update will be presented at the Society for Immunotherapy of Cancer 38th annual meeting, taking place in San Diego, California, from November 1-5, 2023. Key highlights of the initial Phase 2 results for the first five metastatic melanoma patients treated with EVX-01 include: Phase 2 data confirm the favorable safety profile of EVX-01 observed in the Phase 1 trial; Promising immunological and clinical outcomes align with the Phase 1 outcomes; Upon EVX-01 treatment, a pronounced and ongoing tumor reduction was observed in a patient with progressive disease; Phase 2 data confirms Evaxion's AI-Immunology platform's ability to identify therapeutically relevant cancer vaccine targets.
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PIXY | Hot Stocks11:23 EDT ShiftPixy trading resumes
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PIXY | Hot Stocks11:18 EDT ShiftPixy trading halted, volatility trading pause
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BYFC | Hot Stocks11:07 EDT Broadway Financial says 1-for-8 reverse split effective on November 1 - Broadway Financial, parent company of City First Bank, National Association, announced the terms of the company's previously disclosed reverse stock split. Authorization for the reverse split was approved by stockholders at Broadway's annual meeting on June 21 and on September 20 the board of directors selected a reverse split ratio of 1-for-8 shares pursuant to the authorization approved by stockholders. The reverse split will be effective at 12:01 a.m. Eastern Time on November 1 for all outstanding shares of Broadway's three classes of common stock: Class A common stock, Class B common stock, and Class C common stock. The company's Class A common stock will continue to trade under the symbol "BYFC" and is expected to begin trading on the Nasdaq Capital Market on a split-adjusted basis on November 1, the company said.
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F | Hot Stocks11:03 EDT Ford says F-150 Lightning to launch to Switzerland this year - The Ford F-150 Lightning is coming to Switzerland in limited numbers this year, announced Ford. "It's the second European market for the truck following the April announcement that F-150 Lightning is coming to Norway. With its planned launch set for the end of November, F-150 Lightning will prove the electric truck is at home not only in cities, but also in the middle of nature and on the challenging roads of the Alps. The Ford F-150 Lightning can be ordered from November and costs 127,000 Swiss francs," the company stated. Reference Link
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SYY | Hot Stocks10:52 EDT Sysco says Q2 off to a 'strong' start - Sees an uptick in volumes specifically in local. Sees progress across all segments and across all restaurant types.
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JBLU | Hot Stocks10:49 EDT JetBlue sees Q1 capacity 'slightly down' y/y
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TYL | Hot Stocks10:46 EDT Tyler Technologies acquires ARInspect, terms not disclosed - Tyler Technologies has acquired ARInspect, a leading provider of artificial intelligence powered machine learning solutions for public sector field operations. Through this acquisition, Tyler adds ARInspect's AI powered, data driven platform to its portfolio, extending Tyler's Application Platform and other solutions with intelligent edge technology. Tyler plans to leverage ARInspect's technology across its state and federal verticals with a focus on all regulated entities, including environmental protection, disaster recovery, and human services. ARInspect's advanced AI and machine learning platform allows public sector field workers to work independently and to manage all activities, from pre-arrival set-up through reporting and follow-up, in the field. Beyond just automation and digitization of processes, ARInspect analyzes historical data, completed inspections, violations, integrated census data, and more. This analysis not only guides and assists field workers on site but also helps agencies identify sites, assets, and facilities that may be a risk to residents and the community.
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HOLI | Hot Stocks10:46 EDT Buyer consortium calls Hollysys' statements 'misleading and alarming' - Buyer consortium led by Recco Control Technology and Dazheng Group issued a statement regarding Hollysys Automation Technologies' update on its ongoing sale process and the shareholder request for a special meeting. Members of the consortium also include TFI Asset Management Limited, and Great Wall Capital Co., Ltd, who have entered into a memorandum of strategic cooperation with Recco Control Technology and Dazheng Group in connection with the proposed acquisition of Hollysys. Hollysys' statement on October 30, 2023, suggested that more than 30% of registered shareholders, as of the demand record date previously set by the board of Hollysys, have validly submitted a request for a special meeting. Despite the valid request from shareholders representing significant ownership in the Company, Hollysys has to date refused to call a special meeting. The Hong Kong action referred to in Hollysys' statement, which is founded on unproven allegations, has been brought by a group of senior employees of Hollysys Group Companies, Dr Changli Wang, the CEO, Chief Strategy Officer and a director of Hollysys, and Plus View Investments Limited against Ace Lead Investments Limited, a registered shareholder of Hollysys and Mr. Shao Baiqing seek an injunction preventing the board of Hollysys acting on the request for a special meeting served by Ace Lead Investments Limited. Despite having suggested in their October 30 statement that more than 30% of registered shareholders have requested for a special meeting, the board of Hollysys has now indicated, conveniently after the Company's own founder and senior management had brought an action in a Hong Kong court, to injunct the special meeting. It will only consider whether or not to call a special meeting after November 21, 2023, when the application is scheduled to be heard, and the Court has made its determination of that action. There is no certainty when the Court's determination will be delivered and no account is taken of the possibility of an appeal by the unsuccessful party which could significantly delay the final determination of the application. It is impossible to predict when, if ever, the board of Hollysys will consider the request for a special meeting. This is prejudicing the rights and interests of all the shareholders who have requested the special meeting who hold more than 30% of the Company. Under British Virgin Islands law, the Hong Kong action is irrelevant to the obligations of the board of Hollysys to properly consider, in a timely manner, convening the special meeting which more than 30% of the shareholders requested as long ago as August 24, 2023. In light of the totality of the circumstances, the Board's declaration that it will not act on the special meeting until a foreign court in Hong Kong has made final determination in a lawsuit brought by the Company's own senior management amounts to nothing more than a concerted effort to frustrate the shareholders' legitimate exercise of their fundamental right to have a special meeting convened. The right of shareholders to meet is fundamental and unqualified. The consortium calls on the board of Hollysys to respect the rights of its shareholders and convene the special meeting immediately. There is no legitimate reason for further delay by the Board.
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HUBC | Hot Stocks10:43 EDT HUB Security signs LOI to acquire cyber risk detection company - HUB Cyber Security announces a strategic alliance LOI with a company with technology in the automation of cyber risk detection and responses. The LOI contemplates that both companies will engage in a strategic alliance via marketing the combined solutions of both companies in the U.S., the EU and in Israel. HUB will receive an option to acquire all of the shares of the strategic partner within 6 months of signing of an agreement, subject to completing due diligence. The union between the companies will enhance HUB's leading Confidential Computing solutions and Cyber Services, providing intelligent automation for cyber vulnerability management, extended detection and response, cyber event management, threat intelligence, and overall security orchestration, automation, and response. The potential transaction value represents 20% of the HUB Security's shares, and the acquisition is expected to boost HUB's revenue while adding multiple existing top-tier clients to HUB's portfolio. HUB aims to expand its solutions offering with technologies that will rival those of existing vendors. The alliance will significantly increase HUB's capability to map-out organizational Cyber IT networks, devices, and IoT, detect and assess cyber threats while providing threat management automation across a wide range of cyber attack scenarios.
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LDI | Hot Stocks10:39 EDT LoanDepot provides down payment alternative with 'accessZERO' program - loanDepot has launched its new "accessZERO" program that it says is intended to make homeownership more accessible for aspiring homebuyers grappling with traditional down payment requirements, high-interest rates and rising home prices. "With affordability concerns eroding consumers' purchasing power, accessZERO is a powerful option that offers financial flexibility by providing an alternative to one of the barriers to homeownership," the company said in a statement. "As we continue to unlock new ways for our customers to purchase homes in today's challenging market, accessZERO helps address a significant barrier, particularly for first-time buyers grappling with the obstacle of saving for the higher-down payments that come with the rising costs of housing," said LDI Mortgage President Jeff Walsh.
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SYY | Hot Stocks10:25 EDT Sysco says continues to be encouraged by progress of international segment - Says believes Edward Don will be great addition to Sysco family. Says has momentum and off to a solid start for the year. Says Recipe for Growth strategy delivering accretive margin value. Says pleased with health of balance sheet. Says approx. 96% of debt is fixed. Says remains committed to returning cash to shareholders. Says remains confident will grow FCF y/y in fiscal 2024. Says positioned to grow both topline and bottomline results in 2024. Says remains on target for effective tax rate of 24.5%. Says expects to win market share profitably.
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JBLU | Hot Stocks10:19 EDT JetBlue sees up to 6 aircrafts grounded due to GTF engine issues
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JBLU | Hot Stocks10:14 EDT JetBlue had 68 days of significant operational disruption in Q3
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JBLU | Hot Stocks10:13 EDT JetBlue sees 5%-7% capacity growth for FY23
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SYY | Hot Stocks10:11 EDT Sysco says supply chain operation remains fully staffed - Says positive momentum continued from last year. Says positioned to be successful in fiscal 2024. Says expects to produce compelling results in the near-term and even stronger results in long-term. Says successfully grew share as industry was roughly flat for the quarter. Says focused on profitable growth. Says investing in incremental sales headcount. Says enhanced compensation model for sales consultants. Says ramped up focus on visit frequency, visit quality. Says total team selling will improve cross-selling opportunities. Says confident can increase local sales growth. Says becoming more flexible in managing cost structure. Says expanding supply chain capacity. Comments taken from Q1 earnings conference call.
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CRM | Hot Stocks10:10 EDT TikTok announces new integration for advertisers using Salesforce Marketing Cloud - TikTok has unveiled a new lead generation integration for Salesforce Marketing Cloud. This integration introduces a no-code solution that enables TikTok advertisers to transfer their leads directly to Salesforce Marketing Cloud. TikTok Lead Generation is the next-gen solution for capturing leads from an audience that's tuned in to discover, search, and connect on TikTok. This new integration will be available on AppExchange, Salesforce's leading enterprise cloud marketplace, for businesses using Salesforce Marketing Cloud. With this new app, leads captured on TikTok will be synced to Salesforce Marketing Cloud in real time, eliminating the time and effort required to manually download leads. When a lead is generated on TikTok, sales and marketing teams will be able to instantly access leads in Salesforce Marketing Cloud, allowing for prompt follow-up and personalized engagement. This quick response should enhance the chances of turning leads into loyal customers.
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JBLU SAVE | Hot Stocks10:06 EDT JetBlue 'looks forward' to defending case for Spirit deal, says CEO Hayes - On track to close Spirit deal in 1H24.
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JBLU SAVE | Hot Stocks10:04 EDT JetBlue says 'not commenting' on Spirit beyond what is in prepared remarks - Comments taken from Q3 earnings conference call.
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UTMD | Hot Stocks10:04 EDT Utah Medical Products announces 1.7% increase in dividend to 30c per share - Utah Medical Products announces that its board of directors approved a quarterly cash dividend of 30c per share of common stock payable on January 3, 2024 to shareholders of record at the close of business on December 15, 2023. This is a 1.7% increase over the prior regular quarterly cash dividend.
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EPAM AMZN | Hot Stocks10:03 EDT Epam Systems signs strategic collaboration agreement with AWS - EPAM Systems (EPAM) announced a Strategic Collaboration Agreement with Amazon Web Services (AMZN) to help enterprises solve complex business challenges, drive growth, and scale innovation through cutting-edge cloud solutions, services, and strategies. The agreement will focus on accelerating modernization, adopting cloud-native architecture, and leveraging artificial intelligence and advanced analytics to create customer value in key industries, including healthcare, life sciences, financial services, insurance, energy and gaming, EPAM said. "We're excited to expand our work with AWS to help our clients transform into adaptive, cloud-native organizations and stay competitive in a quickly evolving digital landscape," said Elaina Shekhter, Chief Marketing and Strategy Officer at EPAM.
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TM | Hot Stocks10:02 EDT Toyota announces investment of $8B at North Carolina battery plant - Toyota announced a new investment of nearly $8B that will add approximately 3,000 jobs at Toyota Battery Manufacturing North Carolina. This brings total investment to approximately $13.9B and job creation to more than 5,000, Toyota said. This investment adds capacity to support battery electric vehicles and plug-in hybrid electric vehicles. An additional eight BEV/PHEV battery production lines will be added to the two previously announced, for a total of ten battery lines. Production will be increased in a phased approach, with line launches planned through 2030 to reach a total production of more than 30GWh annually. "Today's announcement reinforces Toyota's commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region," said Sean Suggs, president of Toyota North Carolina. "We are excited to see the continued energy and support of this innovative manufacturing facility." Reference Link
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TTI | Hot Stocks10:00 EDT Tetra Technologies falls -14.8% - Tetra Technologies is down -14.8%, or -83c to $4.75.
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CTLT | Hot Stocks10:00 EDT Catalent falls -15.7% - Catalent is down -15.7%, or -$6.25 to $33.67.
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ANVS | Hot Stocks10:00 EDT Annovis Bio falls -19.1% - Annovis Bio is down -19.1%, or -$1.56 to $6.59.
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PINS | Hot Stocks10:00 EDT Pinterest rises 14.4% - Pinterest is up 14.4%, or $3.62 to $28.71.
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SSTK | Hot Stocks10:00 EDT Shutterstock rises 14.7% - Shutterstock is up 14.7%, or $5.04 to $39.35.
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WOLF | Hot Stocks10:00 EDT Wolfspeed rises 23.1% - Wolfspeed is up 23.1%, or $6.39 to $34.11.
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SYY | Hot Stocks09:59 EDT Sysco expects to maintain a net debt to adjusted EBITDA ratio of 2.50-2.75x. - Says committed to dividend aristocrat status. Expects to return approx. $1.75B back to shareholders in 2024. Comments taken from Q1 conference call presentation slides.
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JBLU | Hot Stocks09:57 EDT JetBlue expects to save $75M from fleet modernization program through 2024 - Over half of the savings have been realized to-date, JetBlue said. The Structural Cost Program remains on track to deliver $70M in cost reduction by the end of 2023 and $150M-$200M through 2024.
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JBLU | Hot Stocks09:56 EDT JetBlue sees ATC challenges in northeast dissipating in winter
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JBLU | Hot Stocks09:55 EDT JetBlue: Demand 'healthy' against background of elevated industry capacity - JetBlue, in slides being presented on its Q3 earnings conference call, said fuel prices climbed ~30% within the quarter as crude oil rose and jet cracks widened. The company said current headwinds, including the NEA wind down are being proactively mitigated, and JetBlue is moderating capacity growth with focus on geographies which have demonstrated yield resilience, such as international.
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TTI | Hot Stocks09:47 EDT Tetra Technologies falls -10.2% - Tetra Technologies is down -10.2%, or -57c to $5.01.
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CTLT | Hot Stocks09:47 EDT Catalent falls -13.4% - Catalent is down -13.4%, or -$5.36 to $34.56.
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ANVS | Hot Stocks09:47 EDT Annovis Bio falls -16.3% - Annovis Bio is down -16.3%, or -$1.33 to $6.82.
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PINS | Hot Stocks09:47 EDT Pinterest rises 14.8% - Pinterest is up 14.8%, or $3.72 to $28.82.
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SSTK | Hot Stocks09:47 EDT Shutterstock rises 15.5% - Shutterstock is up 15.5%, or $5.32 to $39.63.
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WOLF | Hot Stocks09:47 EDT Wolfspeed rises 17.4% - Wolfspeed is up 17.4%, or $4.82 to $32.54.
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KSCP | Hot Stocks09:40 EDT Knightscope expands contract with retail client, enters contract with university - Knightscope announces the expansion of an existing retail client and a new contract with a university in Alaska. In order to protect employee safety and deter theft and illegal trespassing at its loading docks, an online retailer with four U.S. warehouses that sells over 40,000 authentic, brand-name fragrances, skincare, makeup, haircare, aromatherapy, and candles signed an agreement for an additional 2 K1 Hemispheres for its second location. Proposals for its New York and Nevada locations were subsequently requested and submitted. A university in Alaska elected to retrofit a competitor's legacy blue light emergency communications system with Knightscope's K1 Retrofit Kit. The K1 Retrofit Kit allows users to upgrade other manufacturer's blue-light-style phones and call boxes so that they function like Knightscope's Emergency Phone Products with features like wireless solar power, wireless phone connectivity, and self-monitoring software. There are 50 more units available for upgrade throughout the campus assuming success of the first.
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NEXA | Hot Stocks09:35 EDT Nexa Resources trading resumes
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BYD... | Hot Stocks09:34 EDT Nevada reports September statewide gaming win up 1.69% to $1.27B - Nevada reports September Las Vegas Strip gaming win up 2.79% versus last year to $741.23M. Publicly traded companies in the casino gaming and gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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CAT | Hot Stocks09:32 EDT Caterpillar expects 'sustained supply chain improvements' - Says supply chain has improved, but some challenges remain. Expects lead times, backlog to come down to "more normal levels." Feels "quite good" about market conditions heading into 2024. Expects to benefit more from infrastructure investment in 2024. Expects prices to moderate in 2024. Sees rental industry as a "growth opportunity." Expects end demand to "remain strong" in Q4.
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AME | Hot Stocks09:32 EDT American Securities to sell Paragon Medical to Ametek for $1.9B in cash - American Securities announced that it has entered into a definitive agreement to sell Paragon Medical to Ametek in an all-cash transaction valued at approximately $1.9B. The transaction is subject to customary closing conditions, including applicable regulatory approvals. Founded in 1991 and based in Pierceton, Indiana, Paragon provides a diverse, industry-leading product portfolio of world-class solutions to blue-chip and emerging original equipment manufacturers across diverse medical end markets.
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NEXA | Hot Stocks09:30 EDT Nexa Resources trading halted, volatility trading pause
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CARM MRNA | Hot Stocks09:30 EDT Carisma Therapeutics to present efficacy results of Moderna collaboration - Carisma Therapeutics (CARM) will present new findings at the Society for Immunotherapy of Cancer Annual Meeting regarding its first-of-its-kind collaboration with Moderna (MRNA). The collaboration aims to bring together Carisma's chimeric antigen receptor macrophage - CAR-M - platform with Moderna's mRNA and lipid nanoparticle technologies to generate and develop in vivo CAR-M therapeutics. The late-breaking presentation demonstrates Carisma's CAR-M therapy can be directly produced in vivo, or within the body, successfully redirecting endogenous myeloid cells against tumor-associated antigens using mRNA/LNP. The pre-clinical data demonstrate feasibility, tolerability, and efficacy against metastatic solid tumors. This novel approach to cancer immunotherapy offers an off-the-shelf solution that has the potential to increase access to CAR-based therapies and will be the basis of CAR-M programs to be developed under the Carisma and Moderna collaboration.
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VVPR | Hot Stocks09:28 EDT VivoPower board establishes illegal market manipulation task force - VivoPower International has approved an action plan to address alleged illegal market manipulation including dissemination of false information and/or naked short selling of its stock. This action plan includes creating a Board-led 'Illegal Market Manipulation Task Force' to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of VivoPower over the last 12 months. The Company engaged an external forensic investigation firm and based on its findings, has reason to believe that certain individuals and/or companies appear to have acted in concert as part of a market manipulation scheme seeking to artificially depress the price of the Company's ordinary shares. It has also engaged specialist UK and US legal counsel. VivoPower and its Board will remain steadfast in its objective to uphold the highest standards of governance for the benefit of its stakeholders.
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SFM | Hot Stocks09:23 EDT Sprouts Farmers Market appoints Curtis Valentine as chief financial officer - Sprouts Farmers Market announced the appointment of Curtis Valentine as chief financial officer of the company, effective January 1, 2024. Valentine is currently Sprouts' senior vice president of finance and will succeed Lawrence Molloy, who previously announced his intention to retire as chief financial officer at the end of 2023.
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PMCB | Hot Stocks09:22 EDT PharmaCyte provides update on Cell-in-a-Box tech,evaluating uses for its cash - PharmaCyte Biotech provides an update on its investigation of its Cell-in-a-Box technology and initial next steps in development. Following a comprehensive scientific review of amassed data, the Company is in the process of requesting a meeting with the U.S. Food and Drug Administration FDA for guidance on further development of the technology. The meeting is expected to occur during the first quarter of 2024. In the meantime, the Company is reviewing multiple potential opportunities that it believes would be prudent uses for its approximately $74.6M cash position as of July 31 which was previously reported in the Company's Quarterly Report on Form 10-Q filed on September 18. Pharmacyte Interim Chief Executive Officer Josh Silverman continued, "We have dedicated significant resources to comprehensively evaluate the status of the Cell-in-a-Box technology, and we look forward to future discussions with FDA, which may also compel us to seek partnership discussions. In the meantime, it is our intention to utilize our favorable $70M cash position to create additional value to our stockholders by reviewing additional potential partnership and/or investment opportunities that we believe will be accretive. We anticipate providing additional updates regarding these opportunities in the near term."
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SGML GLNCY | Hot Stocks09:20 EDT Sigma Lithium receives 50% prepayment from Glencore for lithium shipment - Sigma Lithium (SGML) has received from Glencore (GLNCY) the prepayment for its third shipment of Triple Zero Green Lithium, totaling 20,000 tons. The 50% prepayment reflects a premium pricing at a 9% provisional price of lithium hydroxide at LME for the company's Triple Zero Green Lithium. The shipment is part of a commercial distribution and marketing agreement with Glencore. In addition to the prepayment received from Glencore, the Company has access to trade finance green credit lines from both Santander and XP that can be drawn down upon delivery of its triple Zero Green Lithium to the Vitoria Port warehouses managed by Multilift. ACC/ ACEs are customary commercial banking trade finance in Brazil provided by commercial banks to exporters with counterparty clients with robust creditworthiness. Glencore is the counterparty client for Sigma Lithium in the third shipment.
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MAIA | Hot Stocks09:19 EDT MAIA Biotechnology reports Phase 2 trial data from THIO program - MAIA Biotechnology is focused on the development and commercialization of drugs that improve and extend the lives of people with cancer. The company's lead program is THIO, an investigational telomere-targeting agent that is currently being developed as a second or later line of treatment for Non-Small Cell Lung Cancer or patients that have progressed beyond the standard-of-care regimen of existing checkpoint inhibitors. On Oct. 24, MAIA Biotechnology reported a 100% Disease Control Rate in second-line treatment for NSCLC in its ongoing phase 2 trial, THIO-101. The preliminary efficacy data including a 100% Disease Control Rate (DCR) observed in the second-line treatment of NSCLC is promising given that the number surpasses the standard-of-care DCR, which ranges from 53% to 64%. Additionally, 88% DCR was achieved in third-line treatments in the trial, far exceeding the approximate 30% DCR reported in existing studies. These results even outperform the standard-of-care 71% DCR in first-line treatment, and further lend credence to the utility of DCR as a strong predictor of overall survival benefit. THIO-101 is the first trial designed to evaluate THIO's anti-tumor activity when followed by PD-(L)1 inhibition. The ongoing THIO-101 phase 2 clinical trial has two primary objectives: Evaluating safety and assessing clinical efficacy using Overall Response Rate as the primary clinical endpoint. The trial is testing a studied hypothesis by experts who believe that low doses of THIO administered before Regeneron's anti-PD-1 cemiplimab will enhance and prolong immune response in patients with advanced NSCLC - specifically those who previously did not respond or developed resistance and progressed after a first-line treatment regimen containing a checkpoint inhibitor. Overall, the data released on Oct. 24 met pre-determined statistical requirements ahead of schedule, bolstering the company's confidence in advancing the trial and, eventually, bringing the novel treatment to patients with advanced-stage NSCLC.
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QLYS AMZN | Hot Stocks09:17 EDT Qualys' cybersecurity products available in Amazon's AWS Marketplace - Qualys (QLYS) announced the availability of its VMDR TruRisk, FixIT and ProtectIT capabilities in Amazon's (AMZN) AWS Marketplace priced and packaged for small-to-medium sized businesses and small-to-medium enterprises. AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that makes it easy to find, test, buy and deploy software that runs on Amazon Web Services - AWS -. The Qualys offering aims to reduce cyber risk across infrastructure. The package includes vulnerability, patch and Endpoint Detection and Response capabilities. Additionally, Qualys leverages AWS services such as Amazon Elastic Compute Cloud, AWS Lambda, and Amazon Simple Storage Service.
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JNVR | Hot Stocks09:16 EDT Janover, Xchange.Loans announces strategic partnership - Janover and Xchange.Loans announced a strategic partnership, whereby the two companies plan to broaden their respective offerings by providing access to each other's loan products, thereby enabling cross-platform sales and an enhanced customer experience. "We are delighted to partner with Xchange.Loans, who we believe to be the market leader in technology-enabled buying and selling of commercial property loans. During a time of such significant market dislocation within segments of commercial real estate, such as class B and class C suburban offices, this partnership is extremely timely," commented Blake Janover, CEO of the Company. "Specifically, we believe the lenders engaged in our platform, which already include 64% of the largest 100 credit unions and nearly 10% of all FDIC insured banks in America, will benefit, as we can now offer them a fast, effective, secure and completely confidential mechanism to sell commercial mortgages within their portfolio they do not want to keep on their books. Similarly, Xchange.Loans' lender base will be afforded the opportunity to refinance some of those same loans to new lenders, including our extensive network of private commercial lenders. Xchange.Loans has an impressive +95% success rate in selling commercial mortgages on its platform. I believe this partnership will help further accelerate the growth of both companies, as we significantly complement each other. The uncertainties in the office real estate market and current interest rate environment create an ideal opportunity for companies such as ours to capture market share by providing a frictionless, efficient, user-friendly and cost-effective commercial transactions for lenders and borrowers."
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MU | Hot Stocks09:14 EDT Micron announces availability of Crucial T500 Gen4 NVMe SSD - Micron Technology announced the availability of the Crucial T500 Gen4 NVMe SSD as an expansion of its NVMe solid-state drive portfolio. The Crucial T500 SSD is a PCIe 4.0 NVMe drive, which leverages Micron's advanced 232-layer 3D NAND technology with industry-leading NAND I/O speeds of 2.4 gigabytes per second and is engineered to improve performance for console and PC gamers, photo and video editors and content creators. Available in two options, the T500 SSD with the heatsink is specifically designed for platforms like the PlayStation 5 and PC gaming rigs, while the version without the heatsink fits well in laptops, desktops and workstations.
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TAOP | Hot Stocks09:14 EDT Taoping awarded RMB10M cloud-based advertising services contract - Taoping was awarded a RMB10M contract to provide cloud-based advertising services to Shenzhen Zhaoyou Tech. Taoping expects to recognize the full RMB10M in revenue in 1Q 2024. During the nine-month period, the company entered into contracts totaling RMB191M, approximately $26.55M, the revenues from which the company expects to recognize within FY23.
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SNTI | Hot Stocks09:13 EDT Senti Bio announces multiple data presentations at SITC meeting - Senti Biosciences announced four poster presentations at the Society for Immunotherapy of Cancer, SITC, Annual Meeting, being held November 1-5, 2023, in San Diego, CA. "This continues to be a definitive year for Senti with multiple presentations across multiple medical and scientific venues," said Timothy Lu, MD, PhD, Chief Executive Officer and Co-Founder of Senti Bio. "The four posters at this year's SITC meeting highlight the breadth and modularity of our platform. We also continue to make progress with our longstanding partner BlueRock, as highlighted by our two joint posters. Overall, I am pleased with the growing interest in our Gene Circuit platform throughout the global scientific community as we soon embark on using these technologies in the clinic."
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GCMG | Hot Stocks09:13 EDT GCM Grosvenor Customized Infrastructure Strategies III holds final close - GCM Grosvenor announced that GCM Grosvenor Customized Infrastructure Strategies III, completed its final close with $882 million in committed capital, bringing total infrastructure fundraising to $7.8 billion since the beginning of 2021. CIS III showed a 37% increase in commitments compared to its predecessor fund CIS II. The firm has approximately $13 billion of infrastructure assets under management as of the second quarter of 2023.
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IOVA | Hot Stocks09:13 EDT Iovance Biotherapeutics to present clinical, preclinical data for TIL therapies - Iovance Biotherapeutics announced the publication of abstracts for poster presentations reporting clinical data and trial design for tumor infiltrating lymphocyte, TIL, therapies at the Society for Immunotherapy of Cancer's, SITC, 38th Annual Meeting in San Diego, CA, November 1-5, 2023. An abstract on the four-year analysis of pooled Cohorts 2 and 4 of the C-144-01 trial reports the longest follow-up data on lifileucel treatment outcomes in the largest population of patients with anti-PD-1-refractory advanced melanoma treated with TIL therapy. As of the data cutoff date of June 16, 2023, median C-144-01 trial follow-up was 48.1 months in heavily pretreated patients with advanced melanoma. One-time lifileucel TIL therapy demonstrated durable efficacy with a four-year OS rate of 22.2%. The longest response was ongoing at 59.9 months. Treatment-emergent adverse events were consistent with known safety profiles of lymphodepletion and IL-2, and their incidence decreased over time. The four-year analysis further supports the use of lifileucel as a potential treatment option in these patients that is differentiated from other immunotherapies.
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SCNI | Hot Stocks09:12 EDT EIB considers extending maturity of facility contract with Scinai - Scinai Immunotherapeutics announced that its primary creditor, the European Investment Bank, is currently considering favorably adjusting the terms of the EIB's financial facility contract with the Company, in particular by extending the facility's maturity. Formal feedback from the EIB management regarding a definitive amendment to the facility is anticipated as soon as November 2023.Currently, the EIB is considering extending a maturity of EIB's venture debt facility to Scinai in light of the Company's recent strategic shift. As a result of the potential extension, the Company expects a positive impact on Scinai's shareholders' equity, which could enable the Company to restore compliance with Nasdaq Listing Rules regarding minimum shareholders' equity, subject to the discretion of Nasdaq.
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INDP | Hot Stocks09:12 EDT Indaptus to present interim data of first cohort in trial of INDP-D101 - Indaptus Therapeutics announces it will be presenting interim data from the first cohort of four patients in the Phase 1 INDP-D101 trial of its lead compound, Decoy20. The interim data, released in abstract form, demonstrated that as of August 31, 2023, each of the first cohort participants experienced transient activation of biomarkers associated with innate and/or adaptive immune responses, and generally expected transient adverse events, both associated with predicted rapid clearance of Decoy20. The data in full will be presented in a poster at the Society for Immunotherapy of Cancer, SITC, on November 4. The conference will be held from November 1-5, 2023 in San Diego. Michael Newman, Ph.D., Indaptus' Founder and Chief Scientific Officer noted, "Even in this early study, Decoy20 is exceeding our expectations from the perspective that we are seeing activation of the immune system, based on transient expression of multiple plasma cytokines and chemokines, with expected transient adverse events. These results, in conjunction with the desired and observed rapid clearance of Decoy20 from the blood, are highly supportive of our "Pulse-Prime" hypothesis for the Decoy20 mechanism of action." The abstract/poster is titled, "Preliminary results of an in progress, first-in-human Phase 1 study of Decoy20, an intravenous, killed, multiple immune receptor agonist bacterial product in patients with advanced solid tumors." First cohort patients received a single dose of 7x107 killed Decoy20 bacteria via a one-hour IV infusion. As of August 31, 2023, treatment-related adverse events, potentially expected based upon prior clinical studies with purified lipopolysaccharide, have included, among other events, changes in hemodynamic parameters, transaminase elevations, and lymphopenia; all resolved with or without treatment within 30 minutes to 3 days. The Company believes the short half-life of Decoy20 observed in blood coupled with the marked, but transient, induction of multiple cytokines and chemokines over approximately 24 hours supports the PK "pulse" and PD "prime" hypothesis for the Decoy20 immune-oncology strategy.
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CYBN | Hot Stocks09:11 EDT Cybin's depressive disorder candidate meets Phase 2 efficacy endpoint - Cybin announced Phase 2 interim results for CYB003, its proprietary deuterated psilocybin analog, demonstrating a rapid, robust and statistically significant reduction in symptoms of depression three weeks following a single 12mg dose compared to placebo. At the 3-week primary efficacy endpoint, the reduction in major depressive disorder symptoms was superior in participants assigned to CYB003 compared to the participants who received placebo by 14.08 points. Values less than 0.05 are considered statistically significant and values less than 0.001 are considered highly statistically significant. Cybin expects to share the full complement of topline data later this quarter, and 12-week durability data in Q1 2024. CYB003 was well tolerated with no drug-related Serious Adverse Events. Cybin plans to submit this topline data to the FDA and request an end of Phase 2 meeting to be held in Q1 2024. Recruiting for a CYB003 Phase 3 study is anticipated to begin by the end of Q1 2024.
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BX | Hot Stocks09:10 EDT Riverside signs agreement to sell Energy Exemplar to Blackstone, Vista Equity - The Riverside Company has signed a definitive agreement to sell Energy Exemplar, EE, a leading simulation software provider for the global power market, to private equity funds affiliated with Blackstone and Vista Equity Partners. Financial details were not disclosed. "We're incredibly proud of our partnership and accomplishments with Energy Exemplar over the past six years," said RAF Managing Partner Simon Feiglin. "During our partnership with EE's Founder Glenn Drayton, we recruited CEO David Wilson and built an effective international management team and grew the employee base by 7x. We also scaled a small Adelaide-based software business into 79 countries with major offices in India, United Kingdom, North America and Singapore by establishing a global presence in sales, marketing, customer support and product development."
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LPLA | Hot Stocks09:10 EDT LPL Financial announces Carmen Pontelandolfo join Linsco - LPL Financial announced that financial advisor Carmen Pontelandolfo has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch CJP Wealth Management of LPL Financial. He reported having served approximately $135 million in advisory, brokerage and retirement plan assets* and joins LPL from Morgan Stanley. Based in his hometown of Marlton, N.J., Pontelandolfo is a seasoned financial professional with over three decades of industry experience. He was inspired to become an advisor after the 1987 Stock Market crash, choosing a profession that combines his interest in economics with his passion for relationship building and helping others. Pontelandolfo is joined by Client Services Associate Dana Debardeladen, who shares his core values and mission to treat clients as family.
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FAT | Hot Stocks09:09 EDT Smokey Bones partners with celebrity chef Robert Irvine - Smokey Bones announces that world-class culinary personality and philanthropist, Chef Robert Irvine, will join the Masters of Meat to introduce a limited-time menu, Robert's Ribfeast, starting on October 31, 2023. Fans are asked to bring their appetites to try this delicious new menu, which will benefit the Robert Irvine Foundation, dedicated to transforming the lives of service members, veterans, first responders and their families. Smokey Bones has committed to donate 10 percent of sales from "Robert's Ribfeast" promotion, up to $100,000. As a Smokey Bones fan and loyalist, particularly of its award-winning ribs, Chef Irvine is working with the brand to share good food with guests while supporting and showing appreciation for the country's military and veterans.
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ACN | Hot Stocks09:09 EDT Accenture to acquire OnProcess Technology, terms undisclosed - Accenture has agreed to acquire OnProcess Technology, a provider of supply chain managed services, to help organizations refine processes, improve the way inventory is managed and solve complex service challenges. Headquartered in Boston, OnProcess has more than 1,500 employees located in the U.S., India, Costa Rica and Bulgaria. With their expertise they serve clients across a diversified portfolio in industries like communications, media and technology, medical devices, logistics and manufacturing. Completion of the acquisition is subject to customary closing conditions, including required antitrust clearances.
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CDIO | Hot Stocks09:08 EDT Cardio Diagnostics gets contract from Vizient for heart disease tests, no terms - Cardio Diagnostics Holdings announced its AI-driven molecular heart disease tests, which identify objective epigenetic and genetic biomarkers in patients suspected to be at risk or who may have coronary heart disease, has received an Innovation Technology contract from Vizient ..The contract, which will be effective November 1, was awarded by Vizient based on a recommendation from its council of hospital experts, and it signifies to Vizient hospital and health system customers unique qualities that potentially bring improvement to the healthcare industry..."We are honored to receive this contract from Vizient, which will accelerate access to our novel heart disease tests that leverage AI and a precision medicine approach," said Cardio Diagnostics CEO Meesha Dogan, PhD., who is also the co-inventor of the technology behind Cardio Diagnostics. "This contract recognizes our mission to transform cardiovascular disease management through advanced diagnostics. Our team is excited to make cardiovascular care more accessible across the country through this contract."
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LYEL | Hot Stocks09:08 EDT Lyell Immunopharma is presenting nonclinical data at SITC on LYL119 - Lyell Immunopharma is presenting new nonclinical data at the 38th Annual Meeting of the Society for Immunotherapy of Cancer, SITC, on innovations designed to shorten tumor infiltrating lymphocyte manufacturing, LYL119, its second generation ROR1-targeted CAR T cell product candidate, as well as data on new technologies and the design of its two clinical trials in progress. "We remain confident that generating T cells with the ability to resist exhaustion and qualities of durable stemness will unlock the potential of effective cell therapy for solid tumors, and our SITC presentations highlight the progress we are making across our robust pipeline of product candidates and platform technologies designed to achieve this," said Gary Lee, Ph.D., chief scientific officer at Lyell. "We also highlight new data on our Epi-R P2 manufacturing process, a manufacturing innovation designed to enable faster delivery of TIL product to patients without sacrificing the desired yield, stemness phenotype and retention of tumor reactive clones." Four presentations highlight new nonclinical data from Lyell's product pipeline and research programs, including: Lyell's novel Epi-R(TM) P2 manufacturing protocol to shorten delivery time of TIL product to patients; New nonclinical data on LYL119, Lyell's second-generation ROR1-targeted CAR T-cell therapy; A new technology being advanced through a collaboration between Lyell and Outpace to enable tumor-restricted IL-12 activity to enhance solid tumor T cell therapies; Lyell's rejuvenation technology which has shown the potential to "turn back" the epigenetic clock to generate more stem-like T cells with reduced epigenetic age and enhanced proliferation ability. Two additional presentations highlight the design of Lyell's two ongoing Phase 1 clinical trials in progress.
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AKYA | Hot Stocks09:07 EDT Akoya Biosciences to showcase spatial biology 2.0 solutions - Akoya Biosciences will be showcasing its latest Spatial Biology 2.0 solutions and ultrahigh-plex spatial phenotyping data at the Society for Immunotherapy of Cancer 38th Annual Meeting, being held in San Diego, California, November 1-5, 2023. At booth #719, Akoya Biosciences will highlight its new PhenoCycler-Fusion 2.0 and PhenoImager HT 2.0 platforms, which offer significant advancements in speed and scale for spatial biology research. PhenoCycler-Fusion 2.0: Features multi-slide automation, enabling researchers to generate ultrahigh-plex spatial phenotyping data for larger and more complex samples at unprecedented speed. PhenoImager HT 2.0: Features onboard spectral unmixing, which accelerates biomarker development and validation workflows. Among the posters being presented at SITC is one describing the spatial tumor microenvironment landscapes of cutaneous squamous cell carcinoma tissues from patients over the course of immunotherapy treatment. An ultrahigh-plex antibody panel encompassing cell lineages, activation states, immune checkpoints, structural and metabolic markers was deployed on the PhenoCycler-Fusion platform for analysis of the tissue microenvironment. Cellular phenotypes, spatial neighborhoods and functional states driving tumor pathogenesis and response to immunotherapy were identified. The poster will be presented by Arutha Kulasinghe, Ph.D., leader of the Clinical-oMx Group at the Frazer Institute of the University of Queensland, Australia, and founding scientific director of the Queensland Spatial Biology Centre. Dr. Kulasinghe, his colleagues, and Akoya collaborators recently published a peer-reviewed article describing another ultrahigh-plex spatial biology study that revealed a high degree of intra-tumoral heterogeneity and distinct immune microenvironments in a tumor tissue section from a head and neck squamous cell carcinoma patient with a partial response to treatment with an immune checkpoint inhibitor. These studies reinforce the value of single-cell ultrahigh-plex spatial phenotyping as a powerful tool for defining spatial tissue signatures associated with therapy response and resistance. Fourteen of Akoya's eighteen qualified CRO service providers will also be exhibiting at SITC. Akoya's CRO network continues to grow rapidly, reflecting the demand for spatial phenotyping solutions across the biopharmaceutical industry. Offering biomarker testing services, these CROs enable drug developers and academic research institutions to accelerate the discovery and development of new immuno-therapies.
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OCUL | Hot Stocks09:07 EDT Ocular Therapeutix's Dextenza shows efficacy in cataract surgery trial - Ocular Therapeutix's Dextenza, licensed to AffaMed Therapeutics, a global biotechnology company dedicated to ophthalmological, neurological and psychiatric disorders, showed positive top-line results in the Real-World Study conducted in Hainan, China, to evaluate safety and efficacy for the treatment of ocular inflammation and pain following cataract surgery. The trial met its primary endpoint, with Dextenza demonstrating a significant reduction of ocular inflammation as measured by the absence of anterior chamber cells in the study eye on Day 14 after cataract surgery. The trial also met its secondary endpoint, demonstrating a significant reduction of ocular pain on Day 8. Dextenza was well-tolerated and had a favorable safety profile consistent with all prior trials. In October 2020, AffaMed Therapeutics entered into a licensing agreement with Ocular Therapeutix for the development and commercialization of Dextenza in Greater China, South Korea, and certain ASEAN markets. Dextenza is approved in the U.S. and Macau SAR for the treatment of ocular inflammation and pain following ophthalmic surgery, and ocular itching associated with allergic conjunctivitis. AffaMed is developing Dextenza to become the first sustained-release intracanalicular insert in China delivering a preservative-free dose of dexamethasone for up to 30 days with a single administration.
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HOWL | Hot Stocks09:06 EDT Werewolf Therapeutics to present clinical, preclinical data at SITC meeting - Werewolf Therapeutics announced that a poster describing interim first-in-human clinical results from initial monotherapy dose-escalation cohorts in the ongoing Phase 1/1b study of WTX-124 will be presented at the Society for Immunotherapy of Cancer's, SITC, 38th Annual Meeting, taking place November 1-5, 2023 in San Diego, California. Additional posters with preclinical data supporting the PREDATOR platform and INDUKINE product candidates will also be presented at the meeting. "At SITC, we look forward to sharing first-in-human clinical results from our lead candidate, WTX-124, including initial assessments of safety, pharmacokinetics, relevant biomarkers and preliminary antitumor activity from the ongoing monotherapy dose-escalation portion of our Phase 1/1b study in solid tumors. These data will provide early insight into the profile of WTX-124 and preferential activation through our INDUKINE design, including additional data since the abstract submission in June," said Randi Isaacs, M.D., Chief Medical Officer of Werewolf. "Several preclinical abstracts were also accepted for poster presentation, collectively reinforcing distinct immune activating potential of our INDUKINE molecules across various mechanisms, including IL-2, and as a complement to other anti-cancer approaches, including checkpoint inhibitors and cell therapy."
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VCNX | Hot Stocks09:05 EDT Vaccinex reports clinical benefit in interim analyses from Phase 2 studies - Vaccinex will be reporting novel findings for its lead product, pepinemab, in two presentations at the 38th Annual Meeting of the Society for Immunotherapy of Cancer, being held in San Diego, CA November 1-5, 2023. Vaccinex reports consistent findings from two independent studies demonstrating novel activity of pepinemab antibody to induce the formation of lymphoid structures in tumors that promote efficient immune responses and are known to be associated with improved outcomes to immune checkpoint inhibitors. In a pre-specified interim analysis of the Phase 2 KEYNOTE-B84 study evaluating pepinemab in combination with Merck's anti-PD-1 therapy, KEYTRUDA for immunotherapy of recurrent or metastatic head and neck squamous cell carcinoma, these structures were associated with an approximate doubling of objective responses and progression free survival relative to historical results with checkpoint monotherapy in patients with hard-to-treat tumors that express low levels of PD-L1. Similarly, findings will be reported from a separate study with collaborators at Emory University indicating that pepinemab in combination with nivolumab and/or ipilimumab, appeared to induce tertiary lymphoid structures in tumors. Remarkably, patients receiving neoadjuvant treatment with the triple combination have not experienced tumor recurrence for more than 2 years following treatment. The potential of immune checkpoint therapies to sustain cytotoxic T cells is limited by insufficient support from other immune cell interactions, including with myeloid cells and B cells. The tumor microenvironment creates barriers to efficient immune cell communication, including by expression of semaphorin 4D, which binds receptors on myeloid cells to inhibit the migration and maturation of dendritic cells that are crucial for priming and expanding T cells in adaptive immune responses. Preclinical and clinical studies have previously demonstrated improved trafficking of DC and T cells and reduction of immature myeloid derived suppressor cells in tumor following treatment with pepinemab SEMA4D blocking antibody. Data from two independent studies to be presented at SITC provide new evidence that pepinemab induces the formation of lymphoid structures within treated tumors and that this is associated with enhanced immune interactions and durable responses. These results highlight pepinemab's novel mechanisms to overcome limitations of ICI.
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TTEK | Hot Stocks09:05 EDT Tetra Tech awarded $800M task order contract for PFAS remediation - Tetra Tech announced that the U.S. Army Engineering Support Center, Huntsville, has selected the Company for a multiple-award, five-year, $800M indefinite delivery, indefinite quantity contract to remove and replace aqueous film forming foam, AFFF, containing per- and poly-fluoroalkyl substances ,PFAS, from fire suppression systems at installations throughout the United States... "Tetra Tech has supported the U.S. Department of Defense for decades to safely address potentially harmful chemicals at its bases and in the surrounding environment," said Dan Batrack, Tetra Tech Chairman and CEO. "We look forward to using our Leading with Science approach to support the proactive removal and replacement of AFFF containing PFAS in firefighting systems, keeping our servicemembers safe and preventing future environmental contamination and cleanup."
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GRCL | Hot Stocks09:05 EDT Gracell to present preclinical data on SMART CART at SITC meeting - Gracell Biotechnologies announced preclinical data from the Company's SMART CART technology for solid tumors will be presented as a poster at the Society for Immunotherapy of Cancer, SITC, 38th Annual Meeting, taking place November 1-5, 2023, in San Diego and online. "Gracell has long been dedicated to unlocking the tremendous potential of CAR-T therapy against solid tumors in our pursuit of transformative cell therapies. We are thrilled to present the encouraging preclinical data from SMART CART, our next-generation solid tumor technology," said Dr. Lianjun Shen, Gracell's Senior Vice President, Head of Research & Development. "Immunosuppressive tumor microenvironment is a known challenge that limits CAR-T cell proliferation and persistence, and, ultimately, its effectiveness against solid tumors. We believe our research to be presented at SITC demonstrates SMART CART's improved resistance to TME and superior in vitro and in vivo preclinical efficacy. We look forward to advancing the clinical IIT evaluating SMART CART GC506 for the treatment of Claudin 18.2 positive tumors, building upon the success we have seen with Gracell's work in hematologic cancers."
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BLRX | Hot Stocks09:05 EDT BioLineRx enters license agreement with GloriaBio, investor - M.S.Q. Ventures is pleased to announce that its client, BioLineRx, has entered into an exclusive license agreement with Guangzhou Gloria Biosciences Co., Ltd. and an associated investor for the development of motixafortide across all indications in Asia. The license agreement provides for a $15M upfront payment and an equity investment of $14.6M, up to $50M in potential development and regulatory milestones, up to $200M in potential commercial milestones and tiered double-digit royalties on sales.
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CREX | Hot Stocks09:04 EDT Creative Realities partners with The Human Bean to modernize drive-thru - Creative Realities announced its partnership with coffee franchise The Human Bean, set to redefine customer experiences across The Human Bean's vast network of mostly drive-thru locations. This collaboration signifies a monumental shift in outdoor ordering dynamics, introducing compelling and lively menu elements to seamlessly enhance customer interactions and product selection. "Embracing the spirit of innovation, The Human Bean sought a partner who could translate their vision into an exceptional drive-thru ordering experience," said Rick Mills, CEO at Creative Realities. "Our purpose-built software and flexible approach in hardware options ensured not only seamless fusion of form and functionality, but proper installation. By offering a blend of dynamic digital and static solutions, tailored to the varied experiences and cost considerations of The Human Bean's franchisees, we created a drive-thru encounter that's both unique and aesthetic in design."
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SHPH | Hot Stocks09:03 EDT Shuttle Pharmaceuticals licenses IP for prostate cancer biomarker program - Shuttle Pharmaceuticals has entered into an exclusive agreement to license certain intellectual property from Georgetown University to advance Shuttle Pharma's predictive biomarker program for prostate cancer. The intellectual property was originally developed through a collaboration of Shuttle Pharma scientists with investigators from Georgetown University. Shuttle Pharma's predictive marker strategy is to develop a predictive diagnostic test for prostate cancer patients who are considering elective radiation therapy which will allow them to assess their risk for treatment success or failure, while informing therapeutic decision making and follow-up management. Shuttle Pharma scientists have collaborated with investigators from Georgetown University to complete Phase I and Phase II NIH SBIR contracts to develop predictive biomarkers of radiation therapy outcomes and late effects. Shuttle Pharma will also seek to leverage eligibility to apply for project bridge funding via an NIH Phase IIb SBIR mechanism.
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CNTX | Hot Stocks09:03 EDT Context Therapeutics announces preclinical data on CTIM-76 - Context Therapeutics announced encouraging preclinical data regarding the Company's preclinical asset, CTIM-76, a Claudin 6 x CD3 T-cell engaging bispecific antibody. Findings from Context's research team, in conjunction with development partner Integral Molecular, illustrate the potential of CTIM-76 to treat CLDN6-positive tumors. Notably: CTIM-76 was shown to have high potency and target selectivity in both binding and cytotoxicity assays. In in vivo xenograft experiments, CTIM-76 induced dose-proportional tumor regressions and was well tolerated. In IND-enabling toxicology studies, CTIM-76 was well tolerated, and a potential first-in-human dose was identified. Clones of clinical-stage molecules TORL-1-23 and AMG-794 were generated for benchmarking purposes. In comparison studies, TORL-1-23 activity appeared dependent upon high CLDN6 expression whereas CTIM-76 activity was retained across a range of cell lines expressing with low through high CLDN6. Additionally, CTIM-76 demonstrated ten-fold higher potency than AMG-794 in in vitro cytotoxicity and cytokine activation.
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ABT STXS | Hot Stocks08:59 EDT Abbott, Stereotaxis report patients treated with integrated tech in the U.S. - Stereotaxis announced the first patients in the United States have been treated successfully utilizing Abbott's EnSite X EP System integrated with Stereotaxis' Robotic Magnetic Navigation System. The integration of Abbott's leading cardiac mapping system and Stereotaxis' advanced robotic technology, first announced at Heart Rhythm 2023, combines highly detailed real-time diagnostic information with the unprecedented precision and stability of robotics during therapy delivery. The first integrated procedures in the US were completed by physicians at Weill Cornell Medical Center, Mount Sinai Morningside, Banner University Medical Center Phoenix, and Overland Park Regional Medical Center.
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SLNH | Hot Stocks08:52 EDT Soluna Holdings receives noncompliance notification from Nasdaq - Soluna Holdings announced that on October 30, it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that it had regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550.
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GRI | Hot Stocks08:50 EDT GRI Bio presents data on approach of NKT Cell Modulators at AFDD Summit - GRI Bio announced the presentation of data supporting its novel approach to inflammatory diseases at the 7th Annual Antifibrotic Drug Development, AFDD, Summit held October 24-26, 2023 in Boston, MA. As part of the AFDD Summit, Vipin Kumar, PhD, Chief Scientific Officer of GRI Bio gave an oral presentation titled, "Exploration of NKT Cell Activation as an Immune Biomarker for Progression of Fibrosis." "We continue to be encouraged by the data being generated by GRI-0621 and the translational work we are doing with our collaborators that demonstrate a significant increase in iNKT cell numbers in IPF patients and their correlation with biomarkers of fibrosis and disease," commented Dr. Kumar. "Looking ahead, we are making progress toward launching our Phase 2a biomarker study for GRI-0621 before year end." Key Highlights: GRI-0621 has demonstrated itself as a potent inhibitor of iNKT cell activity. iNKT cells have an activated phenotype in NASH & IPF patients. Enhanced iNKT activity correlates with progression of fibrosis in NASH patients and with macrophage accumulation and key proinflammatory genes in BAL from IPF patients. iNKT cells are activated and accumulate in liver and lung in experimental fibrosis models. iNKT promotes Type 1, Type 2 and Type 3 immune pathways involved in fibrosis. iNKT-deficient mice have reduced inflammatory damage and fibrosis. Daily oral administration of GRI-0621 in experimental animals: Inhibits pro-inflammatory cytokines and inflammation; Decreases accumulation of neutrophils and proinflammatory macrophages; Inhibits key fibrogenic cytokines including TGF-b and fibrosis.Phase 2 study with GRI-0621 in IPF patients to examine iNKT activity along with key biomarkers.
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CTXR | Hot Stocks08:49 EDT Citius Pharmaceuticals' Lymphir shows anti-tumor activity in published study - Citius Pharmaceuticals announced preclinical research on LYMPHIR published today in Frontiers in Immunology, a peer-reviewed journal in the immunology field that reported positive results from a preclinical study that showed that denileukin diftitox in combination with an anti-PD-1 checkpoint inhibitor was more effective in the treatment of solid tumors - liver and colon - than either therapy alone. Data from this study contributed to the design and dosing regimen of two Phase 1 investigator-initiated studies currently underway. The preclinical study evaluated whether adding Lymphir improved the efficacy of anti-PD-1 antibody therapy. Targeting Tregs using Lymphir combined with anti-PD-1 demonstrated significant anti-tumor activity, and consistently targeted and transiently depleted Tregs in the tumor microenvironment. Combination treatment was more effective than monotherapy with either drug alone. Combination therapy was well-tolerated and significantly enhanced long-term survival in solid tumor-bearing animals.
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EVOK | Hot Stocks08:45 EDT Evoke Pharma, EVERSANA unveil cost savings real-world data of GIMOTI - Evoke Pharma announced a summary of real-world data on the positive impact of GIMOTI usage in reducing healthcare costs for patients suffering from diabetic gastroparesis versus patients taking oral metoclopramide. The full abstract entitled "Superiority of Nasal Spray Compared to Orally Administered Metoclopramide in Reducing Healthcare Costs for Treating Diabetic Gastroparesis Patients," was selected and presented for a plenary session at the American College of Gastroenterology 2023 Annual Meeting in Vancouver, Canada. The data describes the results of a comparative study that highlights cost-related healthcare resource utilization data in DGP patients taking GIMOTI versus those on oral metoclopramide over a six-month period. HCRU is the description and quantification of patients' total usage of healthcare services such as emergency department visits, hospitalization or how often they visit a healthcare provider in the office. With these leading-edge HRCU data in hand, this study aimed to uncover whether reduced healthcare resource utilization would translate to overall health care savings and reductions in costs associated with inpatient hospitalization, emergency department, hospital outpatient, physician office, lab/home/telehealth, and pharmacy for DGP patients treated with NMCP vs. OMCP. Over the 6-month post index period, NMCP patients/payers spent approximately $15,000 less than OMCP patients/payers between medical facility and pharmacy visits; Total pharmacy costs in the NMCP cohort were numerically higher than pharmacy costs in the generic OMCP group but were not statistically significantly higher; More than half of OMCP treated subjects visited the inpatient and ED healthcare settings in the 6-month post treatment index than those treated with NMCP; NMCP patients spent only $115 in inpatient facilities versus $10,136 spent by OMCP patients within the 6-month post-index period; Lower real-world cost for NMCP versus OMCP patients were primarily driven by markedly reduced costs across key sites of care: inpatient hospitalizations, hospital outpatient and ED visits
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CAT | Hot Stocks08:43 EDT Caterpillar expects continued weakness in China demand - China demand expected to remain "well below" typical sales.
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TFIN | Hot Stocks08:42 EDT Coyote Logistics joins TriumphPay Payments Network - TriumphPay announced the addition of Coyote Logistics to its open payments network. The TriumphPay open payments network has rapidly expanded since its launch in January 2022, now with over 30 of the top 50 U.S. brokers as clients, creating a more secure hub for the presentment, audit and payment of invoices in the transportation industry.
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YTEN | Hot Stocks08:41 EDT Yield10 Bioscience, BioMar sign LOI, aim to grow fish oil on land - Yield10 Bioscience announced that it signed a non-binding Letter of Intent, LOI, with BioMar Group, a global aquafeed producer, to form a partnership to commercialize Camelina engineered to produce omega-3 oil for use as a high-quality supplement to the scarce supply of marine long-chain fatty acids used in aquafeed. Producing omega-3 oil in Camelina represents a land-based way to make this key aquafeed ingredient. These new Omega-3 Camelina products contain EPA and DHA at levels comparable to many of the marine oil sources utilized today. It is ideally designed for the needs of the aquaculture industry and is a complementary fit into the BioMar Omega Technology concept together with other sources of essential omega-3s. "A partnership with BioMar has the potential to combine the strengths of both companies for the accelerated development of Camelina produced omega-3 oils. We look forward to working closely with BioMar to develop a collaborative program to bring this new source of high-quality EPA and EPA+DHA omega-3 oils to the market to strive to meet the aquaculture industry's growth demand and sustainability goals," said Oliver Peoples, Ph.D. President and CEO, Yield10 Bioscience.
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BYU JD | Hot Stocks08:41 EDT BAIYU Holdings and JD.com subsidiaries sign payment service agreement - BAIYU Holdings (BYU) subsidiary Shenzhen Tongdow signed a service agreement with a wholly-owned subsidiary of Beijing Jingdong Financial - JD Tech - to jointly launch a trading payment platform for commodity enterprises. JD Tech, an affiliate of JD.com (JD), is a specialized business arm committed to leveraging technology to serve various industries. It aspires to deliver end-to-end technical products and solutions to a diverse clientele including enterprises, financial institutions, and governments. This agreement provides technical support for enterprise payment settlements and supply chain financing for bulk customers of the company's subsidiaries. At present, the company is committed to the network layout of photovoltaic, energy storage power and fast charging stations and the operation service of new energy industry. In the future, the company plans to deepen its cooperation with JD Digits in areas like enterprise payment and settlement, supply chain finance, etc.
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BKTI | Hot Stocks08:41 EDT BK Technologies to introduce InteropONE tethering feature - BK Technologies has developed a new feature for tethering its InteropONE service that enables push-to-talk-over-broadband capabilities for users of the Company's BKR 5000 and BKR 9000 radios. The new tethering feature will augment the BKR 5000 and BKR 9000 with patent pending technology that enables users to connect BKR radios with Apple or Android smartphones. With this enhancement, InteropONE push-to-talk calls can be originated or received on the BKR radio using a smartphone's cellular or WiFi connection. The tethering service harnesses evolving smartphone broadband technology advancements without adding design complexity or cost to BKR radios.
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APLM | Hot Stocks08:40 EDT Apollomics announces two new cohorts in global Phase 2 SPARTA study - Apollomics announced the addition of two new cohorts in its ongoing global multi-cohort Phase 2 SPARTA study, which is evaluating vebreltinib in patients with non-small cell lung cancer and other solid tumors with MET dysregulations, including exon14 skipping mutation, c-MET amplification and MET fusion. The first new cohort, labeled C-2, is evaluating the addition of vebreltinib to epidermal growth factor receptor tyrosine kinase inhibitor, such as osimertinib, for patients with EGFR-mutated NSCLC progressing on first line EGFR inhibitor therapy to address acquired resistance due to c-MET amplification. The second new cohort, labeled F, will evaluate vebreltinib monotherapy in histology-agnostic solid tumors with wild type MET gene that have high expression of c-MET and hepatocyte growth factor. "We are pleased to further expand the potential target indications in our Phase 2 SPARTA study by the addition of two new cohorts to include patients for whom there are no approved target therapy for addressing the tumor proliferation and/or treatment resistance resulting from dysregulations in the HGF/c-MET axis," said Peony Yu, M.D., Chief Medical Officer of Apollomics.
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AREC | Hot Stocks08:40 EDT American Resources' ReElement names Neel Jani as brand ambassador - American Resources subsidiary, ReElement Technologies Corporation announced the appointment of Swiss professional racecar driver Neel Jani as a Company brand ambassador. Jani has participated in a wide range of global racing series, including the World Endurance Championship, International Motor Sports Association and a past champion of the world famous 24 Hours of Le Mans. Mr. Jani has a network of key participants and decision-makers in the global critical element and high performance auto ecosystems.
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CAT | Hot Stocks08:39 EDT Caterpillar says 'healthy demand across most end markets' - Says sales "generally in-line with expectations" in Q3. Says product availability and lead times have improved. Says backlog still elevated compared to historical levels. Says "very comfortable" with dealer inventory levels. Expects full year results to be "better than expected." Comments taken from Q3 earnings conference call.
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OMQS | Hot Stocks08:39 EDT Omniq awarded multi-year IOT supply contract for Israel logistic company - OMNIQ announced it has received a multi-year, supply and maintenance contract from a leading Israeli logistic Company with more than 700 warehouses around the world and over 70,000 employees. Shai Lustgarten, CEO of OMNIQ commented, "This is another significant order from one of Israel's largest logistics and supply chain companies servicing the area's newest state-of-the art centers. We are excited to supply a complete IoT equipment package leading to more efficient supply chain operations. This competitive win shows once again our commitment and reputation for providing the best products and service to our customers worldwide. While Israel is facing challenging times, this order points to signs of continued investment activity and resiliency in the Israeli technology and logistics sector. In addition, our security AI equipment is deployed in several locations in the middle east and worldwide including border control in the US and Israel as well as public safety and law enforcement in Florida and Atlanta in the US, South America and the Far East. "
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BTCY | Hot Stocks08:39 EDT Biotricity releases Biotres Pro product - Biotricity announced their expansion of the current Biotres product platform. The new product, known as Biotres Pro, adds cellular backup for offline connectivity in addition to the existing unique feature set. The company said, "Biotres has been a game-changing product to the cardiac health market since its release. Biotres Pro continues this trend and establishes Biotricity's product portfolio as the most comprehensive remote cardiac monitoring product portfolio globally. Biotres is a unique innovative ECG cardiac monitoring device that provides 3 channels of continuous ECG data. The device offers physicians enhanced accuracy into heart health. The company recently filed a patent application to protect its cutting edge 3 channel technology, which is a significant step forward in compact devices. Biotricity has now taken it a step further with the new addition of Biotres Pro, another version of Biotres that combines cutting edge 3 channel technology with cellular backup for those with little connectivity, minimal access to a cellphone, or simply experience trouble connecting the device. The cellular capability of Biotres Pro ensures that the device will continue to offload data in instances of minimal connectivity. This is a groundbreaking solution as current compact devices only have 1 to 2 channels and are limited in or lack connectivity."
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HTCR | Hot Stocks08:38 EDT HeartCore Enterprises launches Dashiwake into U.S., Japanese markets - HeartCore Enterprises announced the strategic launch of its digital experience platform, Dashiwake, as part of its sales and marketing strategy into the United States and Japanese markets. In addition to Japan, HeartCore intends to expand the sales operation of the Dashiwake platform into the United States. This strategic move follows a series of recent expansion initiatives, including the hiring of Sabatini Global's sales and marketing team and the acquisition of Sigmaways. "I am pleased to unveil our rebranding initiative and official launch of our Dashiwake platform into the dual Japanese and United States markets," said CEO Sumitaka Kanno Yamamoto. "In the current landscape, customer data and information remain untapped due to the intricate nature of the modern data ecosystem. Our Dashiwake platform is poised to bridge the gap between raw user data collection and actionable insights to drive an innovative customer-centric strategy, a testament to our commitment to developing innovative, cutting-edge technology and platforms for our valued customers."
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THRD | Hot Stocks08:37 EDT Third Harmonic Bio announces CSO Ray's transition to SA, CFO Ho to depart - Third Harmonic Bio announced the transition of Adrian Ray, Ph.D., from Chief Scientific Officer, CSO, to Scientific Advisor, SA, effective November 1, 2023. In his new role, Dr. Ray will continue support the company's Investigational New Drug, IND, application for THB335, which is expected to be filed during the first half of 2024. Additionally, the company announced that Robert Ho, Chief Financial Officer, CFO, will depart the organization on November 10, 2023. The company has initiated executive searches for their successors.
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YS | Hot Stocks08:36 EDT YS Biopharma completion enrollment in Phase 3 clinical trial of rabies vaccine - YS Biopharma completed subject enrollment in its Phase 3 clinical trial of the company's PIKA Rabies Vaccine. The Trial, which will assess the safety, immunogenicity, and lot-to-lot consistency of the PIKA Rabies Vaccine, includes 4,500 subjects. Although rabies is typically lethal without treatment, the administration of post-exposure prophylaxis can effectively prevent fatalities when initiated following possible exposure. The PIKA Rabies Vaccine, which utilizes YS Biopharma's proprietary PIKA adjuvant technology, is designed to produce a more robust immune response in an accelerated timespan compared to existing rabies vaccines. Previous Phase 1 and Phase 2 clinical trials of the PIKA Rabies Vaccine have demonstrated its safety and strong immunogenicity, with the PIKA Rabies Vaccine eliciting a detectable immune response in as quick as seven days.
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MTEK | Hot Stocks08:35 EDT Maris-Tech receives $625,000 follow-on order for Opal platform - Maris-Tech announced a $625,000 repeat order for units of the Company's Opal platform from a leading Israeli defense company.The advanced Opal platform is based on Maris-Tech's flagship Jupiter AI platform, a high-end multiple stream video platform with AI acceleration that delivers real-time intelligence gathering and analytics. Maris-Tech has already delivered previously placed purchase order in the amount of $500,000 for the Opal platform. Maris-Tech expects to deliver the units pursuant to this purchase order during the years 2023 and 2024.
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NVTS SSNLF | Hot Stocks08:34 EDT Navitas Semiconductor wins Samsung Galaxy S23 Phone 25W Fast Charger design - Navitas Semiconductor announced another GaNFast win at Samsung, this time a new 25W charger for the flagship Galaxy S23 smartphone. Gallium nitride is a next-gen power-semi technology that is replacing legacy silicon chips in markets from mobile and consumer to data center, solar and EV. The high-spec Galaxy S23 features a Dynamic AMOLED 2X, 120Hz screen with 1750 nits peak contrast, stretching it's 1080 x 2340 pixels across 90.1 cm2 of Corning Gorilla Glass. With a Qualcomm Snapdragon 8 Gen 2 chip, up to 512GB / 8GB RAM of storage and triple cameras up to 50 MP, the S23 excels in mobile communication performance.
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SABR | Hot Stocks08:33 EDT Sabre selected by Virgin Australia as preferred NDC IT technology provider - Sabre has been selected by Virgin Australia to power its future New Distribution Capability - NDC - connection. Virgin Australia will use Sabre's NDC IT capabilities, together with its Global Distribution System, to both create and distribute innovative offers and rich, customised NDC content. Virgin Australia will deploy Sabre technology to power its future retailing efforts across both direct and indirect channels. The carrier recently chose two new solutions from Sabre's Retail Intelligence suite, together with renewing its multi-year Sabre distribution agreement that includes the future addition of NDC content.
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ASND | Hot Stocks08:32 EDT Ascendis Pharma to resubmit NDA for TransCon PTH before mid-November - In addition, Ascendis Pharma announced that it plans to resubmit its NDA for TransCon PTH for adults with hypoparathyroidism to the FDA before mid-November 2023.
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GEF | Hot Stocks08:31 EDT Greif announces it plans to acquire IPACKCHEM in cash transaction valued $538M - Greif announced that it has entered into exclusive negotiations to acquire IPACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, from an affiliate of SK Capital Partners, in a cash transaction valued at $538M. The planned transaction would be funded through available capacity in Greif's existing credit facilities and would be expected to close by the end of the second quarter of Greif's 2024 fiscal year, subject to prior completion of the information-consultation processes under French law and closing conditions, including regulatory clearances. "The IPACKCHEM portfolio is in perfect alignment with Greif's strategic growth aspirations in jerrycans and other small plastics," said Greif's President and Chief Executive Officer, Ole Rosgaard. "Its state-of-the-art facilities are located in many of the regions we already serve, leading to significant value creation opportunities. Further, IPACKCHEM allows us to enter into new and attractive geographies and end markets with a scaled position upon which we can further grow through organic investment. Greif is excited and will be eager to welcome the IPACKCHEM colleagues to our family and create lasting value together when the planned transaction is completed."
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VRSSF | Hot Stocks08:30 EDT Verses Technologies announces first Genius beta partner Nalantis - VERSES AI announced Nalantis as the first participant in a private Genius beta program, which aims to advance and redefine AI. The private beta program which will initially consist of ten strategic companies, is an example of VERSES AI's commitment to innovation and is designed to harness the collective expertise of industry leaders. Management believes that the addition of Nalantis to the Genius beta program reflects a strategic move to expand the horizons of intelligent software systems. "The addition of Nalantis to the Genius(TM) beta program is a milestone for VERSES as they are the first participant we can announce. Additionally, their expertise in natural language processing adds a new dimension to our collaborative efforts and to the advancement of Genius(TM) capabilities. We are aiming to achieve groundbreaking results as we work together with the goal of shaping the future of AI," said VERSES CEO and founder Gabriel Rene.
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MODD | Hot Stocks08:30 EDT Modular Medical updates test progress, submission timeline - Modular Medical provided an update on its ongoing pre-submission testing and timeline for submission of its MODD-1 insulin pump to the U.S. Food and Drug Administration. The Company has made substantial progress on completing many of the tests required for submission and now has results back from some of the longest lead time tests, including insulin stability and potency. Modular Medical believes the test results received from multiple third-party laboratory tests are sufficient for submission of the MODD1 to the FDA for clearance, subject to the completion of other ongoing tests and reports. Jeb Besser, CEO of Modular Medical, commented, "The Modular Medical team has continued to make rapid progress towards our 510(k) submission to the FDA, since the completion of our pilot manufacturing line in August. While there is still additional testing to be done, we are starting to gain better visibility on our submission timeline, and we currently expect to make our FDA submission around year end 2023. We remain excited about our opportunity to bring access to better insulin delivery to underserved segments of the market."
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MBOT | Hot Stocks08:29 EDT Microbot Medical reveals short term follow up outcomes from preclinical study - Microbot Medical announces additional updates regarding positive outcomes of its previously announced pivotal pre-clinical study using the LIBERTY Robotic Surgical System. The pivotal study was conducted by three leading interventional radiologists that utilized the LIBERTY Robotic Surgical System to reach a total of 48 animal targets. In a series of visual testing, preformed 72 hours following each procedure, examination of the animals treated with the LIBERTY Robotic Surgical System showed no visual evidence of vascular injury or any other visual adverse event. This new data follows the recently announced successful initial outcomes from the pivotal pre-clinical study. A total of 6 LIBERTY Systems were used in the study, each was used to reach a total of 8 targets. All 6 LIBERTY Systems performed flawlessly based on the initial outcomes, with 100% usability and technical success. No acute adverse events or complications were visually observed intra-operative. "We are excited to share additional positive outcomes of our pivotal pre-clinical study. The absence of any visual evidence of vascular injury in the follow-up examination after 72 hours continues to reaffirm the safety and effectiveness of our technology. This milestone, together with the advancement of the verification and validation process, bring us one step closer to the submission of the IDE and commencing our pivotal clinical trial in humans," said Simon Sharon, Microbot's GM & CTO.
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LSPD | Hot Stocks08:29 EDT Lightspeed releases new features to merchants - Lightspeed Commerce is announcing a roster of new product features recently released to merchants. "Merchants start businesses out of passion, not because they love spending hours on inventory, reconciliation, or schedules," said Ryan Tabone, Chief Product and Technology Officer of Lightspeed. "Our job as their technology partner is to empower them with the tools that simplify how they operate, so they can focus on their customers and scale their business. This latest round of new product features is the start of a string of functionality that gives them that ability, as well as an edge in their respective markets."
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SLNG... | Hot Stocks08:28 EDT Stabilis awarded multi-year marine bunkering contract with Carnival - Stabilis Solutions (SLNG) has been awarded a multi-year marine bunkering contract with Carnival Corporation (CCL) to provide LNG fuel for the Carnival Jubilee, the newest addition to the Carnival Cruise Line fleet, which is setting sail from Galveston, Texas beginning in December 2023. Under the terms of the contract, Stabilis will supply firm LNG deliveries on a ratable basis from its owned liquefaction facility in Texas over the two-year contract, with an option to extend the contract for up to an additional two years at the request of Carnival Corporation.
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PBLA | Hot Stocks08:27 EDT Panbela Therapeutics announces validation of European Patent for SBP-101 - Panbela Therapeutic announced validation for the European patent 2019213664 titled "METHODS FOR PRODUCING-3,8,13,18- TETRAAZAICOSANE-6,15-DIOL" in the United Kingdom, Italy, Germany, France, and Spain. This patent, developed in collaboration with Syngene International Ltd., an integrated research, development, and manufacturing services company, claims a novel process with a reduced number of synthetic steps from seventeen to six to produce SBP-101, a lead investigational product. The patent is valid until 2039. Jennifer Simpson, PhD, MSN, CRNP, President & Chief Executive Officer of Panbela Therapeutics, commented, "We're excited to have this European patent now validated in individual countries." First issued in the United States in 2021 and now in several other territories, this patent covers a shorter synthesis of SBP-101, which provides many benefits including a scalable, efficient and cost-effective manufacturing process to enable future commercialization.
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TZUP | Hot Stocks08:25 EDT Thumzup surpasses 15,000 paid posts through Adtech platform - Thumzup Media has surpassed 15,000 paid posts on its platform. The news comes shortly after the Company exceeded 10,000 paid posts, demonstrating a significant acceleration in average daily engagement.
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FQVLF | Hot Stocks08:25 EDT First Quantum Minerals provides update on Panama - First Quantum Minerals notes the October 29 announcement by President Laurentino Cortizo of the Panamanian government's intention to hold a popular consultation on December 17 concerning Law 406. Law 406, recently enacted by the National Assembly of Panama, approved the Company's Panamanian subsidiary's, Minera Panama, revised contract for the Cobre Panama mine. First Quantum has contacted the government in order to understand the details in respect of the popular consultation. The Company also notes the comments by the Electoral Commission of Panama in respect of the legal and logistical considerations in respect of the popular consultation. The government has said that it plans to shortly introduce a bill to parliament in respect of the popular consultation process. Additionally, the Company also notes the unconstitutionality challenges that have been brought against Law 406 and that currently two of them have been admitted to be heard by the Supreme Court of Justice. First Quantum has always been an advocate of Panama and its people and is committed to the rule of law with the objective to achieve benefits the country, its citizens, the Company and its stakeholders. We are proud to be a significant contributor to the Panamanian economy and to create employment and empowerment opportunities for tens of thousands of Panamanians and sponsor a wide range of social, cultural and biodiversity programs across the country. We are fully committed to operating in an environmentally sensitive manner, by meeting all environmental compliance obligations and by supporting Panama's biodiversity through our reforestation, species conservation and protected areas plans. We remain committed to reforesting almost double the area that we mine. The protected areas and national parks that we support represent more than 30 times the footprint of our mine. As the largest private investment in the history of Panama, the Cobre Panama mine now contributes almost 5 percent of Panama's Gross Domestic Product, makes up 75 percent of the country's export of goods and has created at least 40,000 jobs, directly and indirectly, that we estimate support 100,000 or more Panamanians and their families. We believe in this project and its potential and welcome the opportunity to have constructive dialogue with the people of Panama about its future. We remain focused on the safety and well-being of our more than 8,000 employees who continue to operate the mine.
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MYNZ | Hot Stocks08:24 EDT Mainz Biomed reports positive interim results from CRC screening campaign - Mainz Biomed announced positive interim results from its CRC screening campaign through its BGM partnership with Zoller-Kipper GmbH, part of the Zoller group with more than 2,600 employees. The partnership was launched in April 2023, when Zoller-Kipper selected ColoAlert, Mainz Biomed's highly efficacious and easy-to-use screening test for CRC, for its corporate health program. "We are delighted that nearly half of Zoller-Kipper's employees in Germany have embraced our CRC screening campaign. The promising interim results further fuel our commitment to expanding the accessibility of ColoAlert(R) and ensuring as many people as possible can benefit from potentially lifesaving screening," commented Guido Baechler, Chief Executive Officer of Mainz Biomed. "Colorectal cancer is the second most lethal form of cancer, and early detection is paramount in enhancing treatment options and survival rates. We are immensely grateful to Zoller-Kipper for their invaluable collaboration and for having such a progressive approach to employee welfare. This initiative sets a very strong precedent for our future collaborations with companies across Germany and Europe."
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SLE | Hot Stocks08:23 EDT Super League Enterprise marks one-year milestone of partnership with Nuverse - Super League announces one year of a fruitful partnership with Nuverse, the video game development and publishing subsidiary of Bytedance. Together, they have been creating monthly in-game and social media content for the hit mobile title MARVEL SNAP. "Our team loves MARVEL SNAP!" said Matt Edelman, President and Chief Commercial Officer for Super League. "We were already playing the beta version of the game when the opportunity to work with the Nuverse team appeared, so it's been easy to pour our passion into every piece of content we create. The Marvel brand and fanbase are the world's best, and we enjoy thriving under the pressure that such high expectations bring."
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LRHC | Hot Stocks08:22 EDT La Rosa Holdings reports on its Agent Incentive Plan - La Rosa Holdings reported on its previously launched La Rosa Holdings 2022 Agent Incentive Plan. The purpose of the Agent Incentive Plan is to further reinforce the Company's commitment to empowering agents and solidify their role as agent-owners, which the Company believes represents the future of real estate. The Agent Incentive Plan supports La Rosa real estate agents that seek to invest in the Company and participate in its expected success. The plan offers eligible agents an opportunity to acquire the Company's restricted common stock at a 20% discount to the market price by utilizing a portion of their commissions from transactions as described in the plan. This plan is designed to align the long-term interests of agents and the Company by empowering them as co-owners of the Company they help build. Not only is the Company rewarding its dedicated agents, but those agents also have the potential to receive restricted common stock grants of up to $2,000 per year as a further reward for closing more than 20 sales or reaching a milestone of $6 million in total sales and staying with the Company for 12 months thereafter. Joe La Rosa, CEO of the Company, commented, "At the heart of the Company's philosophy is the belief that the future of the real estate industry lies in creating opportunities for agents to become true agent-owners, fostering the next generation of real estate professionals. We believe that we have consistently been at the forefront of innovation in the real estate industry, and our Agent Incentive Plan further cements our reputation as a company that prioritizes the success and well-being of its agents."
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CAT | Hot Stocks08:22 EDT Caterpillar sees FY23 restructuring expense about $700M - Sees FY23 CapEx about $1.5B; Estimated global tax rate of about 22.5%, excluding discrete items. Comments taken from investor presentation slides.
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CAT | Hot Stocks08:21 EDT Caterpillar sees 'slightly higher' Q4 sales vs. last year, consensus $17.39B - Adjusted operating profit margin in fourth quarter of 2023 expected to be lower than third quarter of 2023. Full-year 2023 adjusted operating profit margin expected to be slightly above the targeted range relative to the corresponding expected level of sales. ME&T free cash flow expected to exceed the $4B-$8B range for the full year. Comments taken from investor presentation slides.
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RGTI AMAT | Hot Stocks08:20 EDT Rigetti Computing appoints Iannotti as Chairman of the Board of Directors - Rigetti Computing (RGTI) announced that it has appointed Thomas Iannotti as Chairman of the Board of Directors, effective immediately. Iannotti succeeds Cathy McCarthy in the role of Chair, with Ms. McCarthy continuing to serve as a member of the Board of Directors. Iannotti currently serves as Chairman of the Board of Directors at Applied Materials (AMAT), a role which he has held since 2017.
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GNTX | Hot Stocks08:19 EDT Gentex to showcase automotive products at SEMA Show 2023 - Gentex Corporation is once again exhibiting at the SEMA Show, the automotive industry's premier aftermarket trade event, which opens today in Las Vegas. The Company's booth will showcase its growing product portfolio, including car-to-home automation, connectivity, e-concierge, digital vision products, and dimmable devices designed for automakers and the automotive aftermarket.
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XFOR | Hot Stocks08:18 EDT X4 announces FDA acceptance with priority review of U.S. NDA for mavorixafor - X4 Pharmaceuticals announced that the United States Food and Drug Administration, FDA, has accepted for filing the company's New Drug Application, NDA, for once-daily, oral mavorixafor to treat individuals aged 12 and older with WHIM syndrome, a rare, primary immunodeficiency. The FDA granted Priority Review of the mavorixafor NDA, establishing a goal of six months review from the date of acceptance and assigning a Prescription Drug User Fee Act, PDUFA, target action date of April 30, 2024. "The FDA's acceptance of our mavorixafor NDA with priority review represents yet another significant step forward towards a potential treatment for those with WHIM syndrome, a rare disease for which there are currently no approved therapies," said Paula Ragan, Ph.D., President and Chief Executive Officer of X4 Pharmaceuticals. "We look forward to working closely with the FDA throughout the NDA review process with the goal of bringing mavorixafor to people with WHIM syndrome as quickly as possible."
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IMMP | Hot Stocks08:18 EDT Immutep reports Q1 cash receipts $132K vs. $16K last quarter - The company said, "Immutep continued to prudently manage its cashflow over the first quarter of the new financial year while strategically investing into clinical trial programs for efti. With a cash and cash equivalent balance as at 30 September 2023 of approximately $110.1 million, Immutep's cash position remains very strong with an expected cash reach till early CY2026. The Company has sufficient capital to reach key milestones that will potentially add value to efti and IMP761."
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PXMD | Hot Stocks08:18 EDT PaxMedica acquires certain suramin research assets from RLS - PaxMedical announced the successful acquisition of certain suramin research assets from Rediscovery Life Sciences, RLS. These assets were previously dedicated to the study of suramin's potential efficacy in treating acute kidney injury resulting from chronic kidney disease. The newly acquired data from RLS will play a crucial role in bolstering PaxMedica's ongoing efforts to support the submission for the approval of PAX-101, specifically for the treatment of African Sleeping Sickness caused by the Trypanosoma brucei rhodesiense parasite. This strategic move follows PaxMedica's recent Type B meeting with the FDA. In a recent statement, Howard Weisman, Chairman and CEO of PaxMedica, emphasized the significance of this acquisition, stating, "Acquiring the research assets from Rediscovery Life Sciences marks a significant leap forward in our journey to expedite the NDA submission process for PAX-101. This valuable addition of data will significantly contribute to our mission of delivering effective and life-saving treatments for Human African Sleeping Sickness."
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NREF | Hot Stocks08:17 EDT NexPoint Real Estate Finance declares special dividend of 18.5c per share - NexPoint Real Estate Finance announced that its board of directors has declared a quarterly regular dividend of 50c per share of NREF common stock. The company also announced that its board of directors has declared a special dividend of 18.5c per share of NREF common stock. The regular and special dividends will be payable on December 29 to stockholders of record on December 15.
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LIFE | Hot Stocks08:16 EDT aTyr Pharma announces dosing of first patient in Phase 2 EFZO-CONNECT study - aTyr Pharma announced that it has dosed the first patient in its Phase 2 EFZO-CONNECT study. The proof-of-concept study will evaluate the efficacy, safety and tolerability of the Company's lead therapeutic candidate, efzofitimod, compared to placebo in patients with systemic sclerosis-related interstitial lung disease, ILD. "We are very pleased to begin patient dosing in EFZO-CONNECT(TM), which is our second clinical study for efzofitimod in ILD," said Sanjay S. Shukla, M.D., M.S., President and Chief Executive Officer of aTyr. "Efzofitimod has been shown preclinically to reduce lung and skin fibrosis in models of SSc, and NRP2, efzofitimod's binding partner, is expressed in the skin of SSc patients. We believe there is compelling rationale that efzofitimod has the potential to target the underlying disease pathology central to this form of ILD and positively impact lung function and improve outcomes in these patients."
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CNTA | Hot Stocks08:16 EDT Centessa announces dosing of first subject in registrational PRESent-3 study - Centessa Pharmaceuticals announced the dosing of the first subject in its registrational PRESent-3 study of SerpinPC for the treatment of hemophilia B with inhibitors. The dosing phase of PRESent-3 follows a minimum 12-week observation period during which prospective baseline data of the subject's disease status under their current therapy are collected to support regulatory review of the benefit and risk profile of SerpinPC. "We are excited to be further evaluating the potential of SerpinPC's novel mechanism of action in individuals living with hemophilia B with inhibitors, where there are limited treatment options," said Antoine Yver MD MSc, Chairman of Development of Centessa.
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NXRT | Hot Stocks08:16 EDT NexPoint Residential raises quarterly dividend 10.1% to 46.24c per share - Payable on December 29 to stockholders of record on December 15. This represents a 10.1% increase over the previous quarter's distribution and an increase of 124.5% since inception in 2015.
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BYSI | Hot Stocks08:15 EDT BeyondSpring presents poster on plinabulin's anti-cancer efficacy - BeyondSpring announced that the Company and Professor Kathryn M. Eisenmann of the University of Toledo College of Medicine presented a poster on the potent efficacy of plinabulin in a derived patient model of glioblastoma, a disease of high unmet need at the 2023 AACR Special Conference in Cancer Research: Brain Cancer on Oct 20th, 2023 at Minneapolis, MN. Professor Eisenmann's research interests include glioblastoma invasion programs and developing small molecule therapeutics that target cytoskeleton networks. She has built a comprehensive glioblastoma patient cell line repository of more than 6 dozen samples of primary and therapy-resistant recurrent tumors. The presentation demonstrated the monotherapy activity of plinabulin at 10-30 nM at killing 3D neurospheres from five glioblastoma multiforme patient-derived primary cell lines and therapy-resistant cell lines. Plinabulin was confirmed to have anti-proliferative properties in GBM at therapeutic concentrations. Plinabulin blocked GBM patient-derived sphere invasion, while significantly decreasing GBM cell survival and extension of microtubules. This model is directly relevant to the recurrence of glioblastoma after resection, and plinabulin killed these cells and stopped the spread of the tumor. "Recent investigation into targeted therapies has failed to address invasion and cytoskeleton based GBM therapy resistance. Plinabulin, which can pass blood brain barrier, is a differentiated microtubule-targeting and immune-oncology agent. Plinabulin had shown single agent activity in transgenic GBM animal model with survival benefit compared to placebo," said Dr. Kathryn Eisenmann. "This presentation further demonstrates plinabulin's potential in brain tumor, which is severely unmet medical needs."
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ZIMV | Hot Stocks08:15 EDT ZimVie announces first U.S. surgery with 4.5mm Mobi-C Cervical Disc - ZimVie announced that the first patient in the United States has received the newly approved 4.5mm Mobi-C Cervical Disc. On October 30, 2023, Gregory D. Lopez, M.D., orthopaedic spine surgeon with Midwest Orthopaedics at Rush in Chicago, Illinois, implanted the first 4.5mm Mobi-C in the United States. "The 59-year-old patient presented with a significantly collapsed C5-6 disc, and the new lower profile Mobi-C implant allowed me to avoid over-distracting the facet joints. The 4.5mm height Mobi-C makes it possible for me to offer pain relief and motion preservation to more of my patients with cervical disc degeneration." "It is an honor to celebrate the first U.S. implantation of the 4.5mm Mobi-C Cervical Disc. ZimVie is dedicated to bringing the right products to the market, and it really hits home to know that patients are benefiting from our efforts," said Rebecca Whitney, Global President of ZimVie Spine. "We are excited about the recent wins for our market-leading Mobi-C portfolio, including the August FDA approval for the 4.5mm range of implants and the September approval of the Mobi-C Hybrid Investigational Device Exemption application, allowing ZimVie to enroll patients in the first ever cervical arthroplasty-fusion study in the United States."
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TRU | Hot Stocks08:14 EDT TransUnion introduces TruEmpower Scam Blocker solution - The company said, "While companies utilize several layers of security to help protect their businesses and employees against cyber attacks, consumers typically only have cyber incident support that deals with the consequences of a data breach or identity theft after it happens. For this reason, TransUnion unveiled its TruEmpower Scam Blocker-a preventative solution guarding against a wide variety of sophisticated digital scams-now available for individuals, families, and small businesses, delivered through insurers. Insurers who offer Scam Blocker to their policyholders can provide a safer online experience against cyber attacks, which in turn can reduce cyber claim costs of carriers by blocking fraudulent websites, phishing attempts, and other cyber threats on mobile devices and laptops. When combined with TransUnion's award-winning expert cyber services and solutions, Scam Blocker helps to provide policyholders with a strong perimeter defense that proactively prevents most fraudulent cyber activity. The Scam Blocker solution is leading edge and provided through a partnership between TransUnion and the NCC Group, a global expert in cyber security and risk mitigation. By combining the NCC Group's world-class, technical expertise and TransUnion's insights and ecosystem, TruEmpower Scam Blocker will help insurers prevent and mitigate the harms of cyber fraud for its policyholders."
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ME | Hot Stocks08:14 EDT 23andMe launches Health Action Plan to provide personalized recommendations - 23andMe launched Health Action Plan, a new digital tool for 23andMe+ members that draws on results from genetic reports, health history survey data, as well as blood and biomarker data to provide a uniquely tailored set of health recommendations out of hundreds of options. "Health Action Plan is a powerful tool for customers, combining genetic and non-genetic data, along with lab testing to tailor health recommendations," said Robin Smith, Ph.D., Director of Product Management at 23andMe. "This feature provides customers with a prioritized to-do list of recommendations based on their DNA that's updated as new reports are released or additional scientific discoveries are made."
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MOVE | Hot Stocks08:14 EDT Movano's blood pressure chip meets FDA accuracy requirements - Movano announced the results of its Institutional Review Board-approved blood pressure clinical study. Movano Health's prototype, which incorporated its System-on-a-Chip, demonstrated a level of accuracy within the standards recognized by the FDA for blood pressure monitoring devices. The company's algorithm for blood pressure monitoring utilized data from its prototype system combined with the subject's demographic information and a recent blood pressure reading. The prototype achieved an overall mean absolute difference of 5.9 mmHg, which is below the 7 mmHg MAD required per a standard for wearable, cuffless blood pressure measuring devices. The company is also evaluating AI-based individual calibration methods to further enhance the future performance of the device. Movano Health is planning to execute a multi-week study to determine whether periodic calibration is required and refine its AI models on an individual patient basis beginning in Q4. Following the completion of this longitudinal study, the company intends to conduct a clinical trial for its 510(k) submission to the FDA.
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INMB | Hot Stocks08:13 EDT INmune Bio updates on patent covering INB16, INKmune therapeutic composition - INmune Bio announced an update regarding the company's patent covering its proprietary cell line, "INB16", as well as the therapeutic composition comprising replication-incompetent INB16 cells known as "INKmune" and methods of treating cancer by administering INKmune, with a goal of achieving in vivo priming of natural killer cells to enhance the ability of a patient's own NK-cells to effect cancer surveillance, recognition, and killing. In the written opinion for the international patent application titled, "HUMAN T-CELL ACUTE LYMPHOBLASTIC LEUKEMIA CELL LINE & APPLICATIONS FOR TREATING CANCER," an examiner from the International Search Authority at the United States Patent & Trademark Office, authorized by the World Intellectual Property Organization under the Patent Cooperation Treaty, issued a favorable patentability opinion with respect to novelty, inventive step and industrial applicability of all claims and concluding that the application contains patentable subject matter. The application discloses and claims the novel INB16 cell line on deposit with the American Type Culture Collection, as well as compositions comprising replication incompetent INB16 cells and methods of treating cancer in patients by administering INKmune.
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APLD | Hot Stocks08:12 EDT Applied Digital announces groundbreaking of facility in North Dakota - Applied Digital Corporation announced the groundbreaking of its first 100 megawatt high-performance compute facility in Ellendale, North Dakota. This facility is designed and purpose-built for Artificial Intelligence workloads such as generative AI, natural language processing, machine learning, rendering, and traditional HPC applications. The new 342,000-square-foot building will provide ultralow cost and highly efficient liquid-cooled infrastructure for HPC applications. Applied Digital's unique datacenter design offers multi-story datacenter buildings that leverage high-density racks to accommodate nearly 50,000 of Nvidia's H100 SXM class GPUs in a single parallel compute cluster.
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TU | Hot Stocks08:12 EDT Telus, FLO agree expand connectivity on FLO EV across North America - TELUS and FLO announced an agreement to bring TELUS' world-leading connection to FLO chargers. With most light-duty vehicles sold in Canada expected to be required to be zero emissions by 2035, TELUS will support FLO's development of critical infrastructure helping to drive the adoption of electric vehicles and support the reduction of greenhouse gas emissions. FLO will leverage TELUS' dedicated IoT network solutions and connectivity platforms in FLO public and commercial Level 2 and Direct Current Fast Chargers across North America. "This agreement underpins TELUS' commitment to lead in sustainability, finding ways to use our world-leading connectivity and technology to drive environmental change, build intelligent cities and create a more sustainable future. This exciting step demonstrates how innovation and quick evolution in the EV space is providing a better experience for customers," said Navin Arora, Executive Vice-president, TELUS and President, TELUS Business Solutions and TELUS Agriculture & Consumer Goods.
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WHG | Hot Stocks08:11 EDT Westwood Holdings Group adds Managed Investment Solutions team - Westwood Holdings Group announced the addition of a cutting-edge Managed Investment Solutions team, bolstering the firm's ability to provide customized solutions to institutional and wealth investors. Westwood's new Managed Investment Solutions team, based in Chicago, will focus on tailoring investment solutions to a diverse array of individual institutional risk/reward tolerances and investment approaches. Greg Behar, Drew Miyawaki and Shaun Murphy boast an average of 25 years of institutional investment experience and come to Westwood with a proven track record of successfully providing diverse institutional clients with bespoke investment solutions.
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BBAI | Hot Stocks08:10 EDT BigBear.ai expands partnership with Thomas Jefferson University Hospital - BigBear.ai announced that Thomas Jefferson University Hospital is expanding its use of BigBear.ai's AI platform to make day-to-day operations improvements to centralized resource and bed management, nurse staffing, and its transfer center. "BigBear.ai is thrilled to expand its work with Thomas Jefferson University Hospital," said Greg Goldwater, Chief Growth Officer at BigBear.ai. "Because BigBear's Predictive AI platform can effectively predict the future through event simulation, it's a game-changer for hospital systems looking to roll out strategic growth plans. We look forward to our next phase of collaboration that will ultimately drive better patient care and outcomes."
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NUWE ICU | Hot Stocks08:10 EDT Nuwellis' partner SeaStar Medical receives FDA approvable letter for SCD-PED - Nuwellis (NUWE) announced its strategic partner, SeaStar Medical Holding Corporation, received an Approvable Letter from the U.S. Food and Drug Administration, FDA, for its pediatric Selective Cytopheretic Device, SCD-PED. The SCD-PED will provide a new therapy option for children weighing 10 kilograms or more who have acute kidney injury and sepsis or a septic condition requiring continuous kidney replacement therapy in a hospital intensive care unit. The Approvable Letter indicates that SeaStar Medical's Humanitarian Device Exemption 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. Nuwellis and SeaStar Medical previously announced an exclusive U.S. license and distribution agreement for Nuwellis to distribute the SCD-PED. "We're excited to collaborate with SeaStar Medical to bring this innovative product to market, which, upon FDA approval, will represent a new revenue stream for Nuwellis," said Nestor Jaramillo, Jr., President and Chief Executive Officer of Nuwellis. "Most importantly, the clinical data used for the approval in support of the HDE application showed a 77% reduction in mortality rate and no dialysis dependency at Day 60."
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PTC | Hot Stocks08:09 EDT PTC's Codebeamer ALM solution adopted by Volkswagen Group - PTC has established a strategic supplier relationship with Volkswagen Group, focused on the adoption of PTC's Codebeamer application lifecycle management - ALM - solution to support the software development for the next generation of electric vehicles from the Volkswagen Group and its brands. Codebeamer is expected to enable greater efficiencies in Volkswagen Group's engineering practices for software requirements management, test management, and release management as part of new electric vehicle development. PTC and Volkswagen Group expect to scale the use of Codebeamer across multiple Volkswagen Group engineering teams to support the software development process.
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COCP | Hot Stocks08:08 EDT Cocrystal receives UK MHRA authorization to initiate Phase 2a of CC-42344 - Cocrystal Pharma announces receipt of authorization from the United Kingdom Medicines and Healthcare Products Regulatory Agency, MHRA, to initiate a Phase 2a human challenge trial with its broad-spectrum, oral PB2 inhibitor CC-42344 as a potential treatment for pandemic and seasonal influenza A. Cocrystal expects to begin treating influenza-infected subjects in this trial during the fourth quarter of 2023. "We are pleased to have met the regulatory requirements of the MHRA to begin this Phase 2a human challenge trial in the UK," said Sam Lee, Ph.D., Cocrystal's President and co-CEO. "Influenza is a major global health threat that may become more challenging to treat due to emergence of highly pathogenic avian influenza viruses and resistance to approved influenza antivirals. The need for new therapeutic and prophylactic treatments is clear. Our encouraging Phase 1 data demonstrated that CC-42344 has a favorable safety profile and is well-tolerated. CC-42344 has the potential to be a best-in-class antiviral treatment for pandemic and seasonal influenza infections."
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LGMK | Hot Stocks08:08 EDT LogicMark appoints Carine Schneider, Tom Wilkinson to board - LogicMark announced that Carine Schneider, FGE, and Tom Wilkinson will join as the newest members of its Board of Directors. Schneider is a co-founder of Compass Equity Strategic Advisors and possesses extensive experience in the private market and global compensation industry. Wilkinson is a professional advisor and consultant through his businesses, Wilkinson & Company and re/Manifest, which he founded to provide turn around, M&A and business growth advisory services.
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VLY | Hot Stocks08:08 EDT Valley National announces new headquarters in Morristown, N.J. - Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp celebrated the opening of its new headquarters in Morristown, NJ. Located just off the Morristown Green, the building was developed by SJP Properties in partnership with Scotto Properties and architecture firm Gensler.
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QUBT | Hot Stocks08:08 EDT Quantum Computing achieves first sale of Reservoir Computer - Quantum Computing announced a milestone in its quest to bring cutting-edge quantum solutions to the market. The company has secured multiple hardware sales of its state-of-the-art Reservoir Computer and Quantum Random Number Generator to Assured Cyber Protection Ltd and AI firm millionways, kicking off the commercial delivery of its computing technologies. The QCi Reservoir Computer, a first-to-market portable reservoir computing device with technology inspired by the power of quantum mechanics, can perform complex computational tasks with unprecedented speed and efficiency to facilitate data analysis, machine learning and artificial intelligence. Its minimal size, weight, power, and cost factors make it particularly suitable for use as an edge computing tool. QCi's Reservoir Computer uses the company's proprietary capabilities to create a small footprint hardware device that requires 80% to 95% less power consumption than traditional computers. The QCi Reservoir Computer series leverages the Company's unique competencies and expertise in both analog and digital design, resulting in an innovative piece of technology that interfaces seamlessly with a host machine through an Ethernet connection, enabling smooth communications and problem-free submission. The Reservoir Computer, available now, is QCi's first major step on its path to building a hardware-based, Quantum Reservoir Computer to be released in 2024.
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PFS | Hot Stocks08:07 EDT Provident Financial appoints Huang as Assistant General Counsel - Provident Bank appoints Chao Huang as Assistant General Counsel, Investor Relations Specialist. Huang is responsible for reviewing and preparing all quarterly earnings documents, analyst presentations, news releases, CEO and CFO scripts, as well as briefing senior management for discussions with investors at conferences, roadshows, and other meetings. Most recently Huang served as an Associate in the Finance and Real Estate team for the law firm of Dechert LLP.
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KTRA | Hot Stocks08:07 EDT Kintara Therapeutics suspends development of VAL-083 after topline results - Kintara Therapeutics announced that preliminary topline results from the Glioblastoma Adaptive Global Innovative Learning Environment study showed that VAL-083 did not perform better than the current standards of care in glioblastoma. These topline results included preliminary safety data for VAL-083 that was similar to that of the current standards of care used to treat glioblastoma. With this study outcome, Kintara is suspending the development of VAL-083 and turning its focus to its second program, REM-001. In addition to focusing on its REM-001 program, Kintara will evaluate a range of strategic options aimed at potentially maximizing shareholder value. All development activities and related costs for VAL-083 will be suspended while the company awaits the full dataset from the GBM AGILE Study which is expected at the end of Q1/beginning of Q2 of 2024. At such time Kintara will analyze the full results as it seeks to maximize the value of the VAL-083 asset. Kintara expects to enroll the first subject in a 15-patient CMBC study around the end of calendar year 2023. The company was recently awarded a $2M grant from the National Institutes of Health which is expected to cover the majority of the cost to run the CMBC study. In November 2022, the FDA granted Fast Track Designation to Kintara's REM-001 Therapy for the treatment of patients with CMBC.
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MHUA | Hot Stocks08:06 EDT Meihua establishes subsidiary in Hope City - Meihua International Medical Technologies announced the establishment of a subsidiary, Hainan Ruiying Technology Co., Ltd., in the Hainan Free Trade Port Boao Hope City in Qionghai City, Hainan Province. "With our newly developed company, Ruiying Technology, we intend to leverage the exceptional policy advantages offered by Hope City, with the aim of advancing the Chinese medical landscape by introducing cutting-edge patented pharmaceuticals, medical technologies and civilian household equipment from renowned markets like the United States, Japan, and Israel. The core focus of Ruiying Technology, which will serve as a trading and import-export company, will be in acting as a portal and facilitating the introduction of new medical technology, devices and equipment to the market, including state-of-the-art medical devices including hearing aids, ultrasonic earwax cleaners, and advanced blood glucose meters."
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ACHC | Hot Stocks08:05 EDT Acadia Healthcare to pay $400M to settle Desert Hills litigation - In a regulatory filing, Acadia Healthcare announced that it and its subsidiary Youth and Family Centered Services of New Mexico entered into settlement agreements in connection with Acadia and Desert Hills' previously disclosed civil litigation in New Mexico State District Court. The Settlement Agreements fully resolve each of the Cases and include no admission or finding of liability by Acadia or Desert Hills, Acadia said. Under the terms of the Settlement Agreements, which are subject to approval by the District Court, the company will pay an aggregate amount of $400M in exchange for the release and discharge of all claims arising from, relating to, concerning or with respect to all harm, injuries or damages asserted or that may be asserted in the future. Because the settlement funds will be excluded from adjusted EBITDA, the settlement has no impact on the company's previously announced financial guidance. The company also affirmed that it maintains a strong financial position with sufficient capital to make strategic investments in its business.
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ALAR | Hot Stocks08:05 EDT Alarum's NetNut reports new customers in the Fintech market - Alarum Technologies announced that its of its wholly owned subsidiary, NetNut Ltd., has entered the dynamic world of Financial Technology, successfully securing several new customers that will leverage its cutting-edge solutions. Shachar Daniel, CEO, commented, "The fintech market recognizes the importance of quality web data collection, which is essential to fintech and financial services providers in making informed data-driven decisions and staying competitive in their industries. The recent onboarding by NetNut of its first several fintech customers validates the quality and competitiveness of our data collection solutions and allows us to bring our expertise to the forefront of the financial technology revolution. As NetNut makes its mark in the fintech landscape, we are dedicated to ensuring that our new customers receive the highest level of service and support."
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ACN | Hot Stocks08:04 EDT Accenture to acquire U.K. technology consultancy 6point6, no terms - Accenture has signed an agreement to acquire 6point6, a U.K. technology consultancy, specializing in cloud, data, and cybersecurity. Spanning the commercial and public sectors, the acquisition will enhance Accenture's strategy and architecture capabilities, with a particular emphasis on central government, defense and security, and financial services... Ashish Goel, managing director for Accenture Health and Public Service in the U.K. and Ireland, added, "Defense, public safety, and national security are becoming increasingly prioritized by the U.K. government. In just over a decade, 6point6 has leveraged its experienced leadership team and key accreditations to generate strong relationships across these sectors which, alongside Accenture's capabilities, adds to our ability to deliver truly differentiated services to clients." Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory clearance. Terms of the transaction were not disclosed.
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AER EADSY | Hot Stocks08:04 EDT AerCap delivers first Airbus A321 Passenger-to-Freighter aircraft to IndiGo - AerCap (AER) announced it has delivered its first Airbus (EADSY) A321 Passenger-to-Freighter aircraft to IndiGo. The aircraft conversion was completed by Elbe Flugzeugwerke GmbH before being delivered to IndiGo at ST Engineering Aerospace in Singapore.
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MRSN | Hot Stocks08:03 EDT Mersana Therapeutics says FDA lifts clinical hold on Phase 1 trial of XMT-2056 - Mersana Therapeutics announced that the U.S. Food and Drug Administration has lifted the clinical hold on the company's Phase 1 clinical trial of XMT-2056. XMT-2056 is a systemically administered Immunosynthen STING-agonist ADC that is designed to target a novel human epidermal growth factor receptor 2 epitope and locally activate STING signaling in both tumor-resident immune cells and in tumor cells, providing the potential to treat patients with HER2-high or -low tumors as monotherapy and in combination with standard-of-care agents. The multicenter Phase 1 open-label trial is investigating XMT-2056 in previously treated patients with advanced/recurrent solid tumors expressing HER2, including breast, gastric, colorectal and non-small-cell lung cancers. The dose escalation and dose expansion portions of the trial will evaluate and characterize the relationship of safety, tolerability and exposure of XMT-2056 and this candidate's preliminary anti-tumor activity, as measured by overall response rate, duration of response and disease control rate.
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PANW | Hot Stocks08:02 EDT Palo Alto Networks intends to acquire cloud security start-up Dig Security - Palo Alto Networks has entered into a definitive agreement to acquire cloud security start-up Dig Security, provider of Data Security Posture Management. After the close of the proposed acquisition, Dig's capabilities will be integrated into the Prisma Cloud platform to provide near real-time data protection from code to cloud. Dig was founded by entrepreneurs Dan Benjamin, Ido Azran, and Gad Akuka. They will continue leading their teams in joining the Prisma Cloud team at Palo Alto Networks after closing.
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CYBN | Hot Stocks07:58 EDT Cybin reports CYB003 demonstrated reduction in symptoms of depression - Cybin announced Phase 2 interim results for CYB003, its proprietary deuterated psilocybin analog, demonstrating a statistically significant reduction in symptoms of depression three weeks following a single 12mg dose compared to placebo. At the three-week primary efficacy endpoint, the reduction in major depressive disorder, or MDD, symptoms, defined as change from baseline in MADRS total score, was superior in participants assigned to CYB003 compared to the participants who received placebo by 14.08 points. A p-value indicates statistical significance. Generally, values less than 0.05 are considered statistically significant and values less than0.001 are considered highly statistically significant. The Phase 2 clinical trial is evaluating efficacy using the MADRS scale, with a primary efficacy endpoint of reduction in depression symptoms at week 3 after a single administration. To date, dosing has been completed in all dose cohorts up to 16mg, with a favorable safety and tolerability profile and no treatment-related serious adverse events observed. Interim results from the 12mg dose cohort have demonstrated a statistically significant and clinically meaningful reduction in symptoms of depression with a single dose at three weeks after treatment. The MADRS is a 10-item, clinician-administered scale designed to measure overall severity of depressive symptoms in subjects with MDD. It is widely used in clinical trials and accepted by regulatory authorities worldwide as a measure of symptoms of depression. The MADRS includes items ranging from sadness of mood, reduction in sleep and appetite, to difficulties in concentration, anhedonia, and negative and suicidal thoughts that are scored from 0 to 6 giving a total score ranging from 0 to 60. Typical score ranges for severity are: 0-6 normal; 7-19 mild; 20-34 moderate; and greater than34 severe depression. In the CYB003 study, mean baseline total scores on the MADRS were 32.6 and 33.3 in the active and placebo groups, respectively. Rapid and statistically significant improvements in depression symptoms observed after single doses of CYB003: Improvements in depression symptoms evident on the day after dosing, reaching a peak 10 days after dosing, and maintained thereafter. Robust and statistically significant reduction in depression symptoms compared to placebo at 3 weeks, with a -14.08 difference in change from baseline in MADRS for CYB003 vs. placebo. Robust response rates at three weeks after single dose: 53.3% response rate for CYB003 vs. 0% for placebo, 20.0% remission rate for CYB003 vs. 0% for placebo. CYB003 was well tolerated with no drug-related Serious Adverse Events. All Adverse Events were mild or moderate in intensity and resolved spontaneously without intervention. Full topline safety and efficacy data from the CYB003 MDD study is expected by the end Q4 2023, with 12-week durability data anticipated in Q1 2024. Cybin plans to submit this topline data to the FDA and request an end of Phase 2 meeting to be held in Q1 2024. Recruiting for a CYB003 Phase 3 study is anticipated to begin by the end of Q1 2024. The company also expects to share topline Phase 1 data for CYB004 and SPL028, its proprietary novel deuterated N,N-dimethyltryptamine compounds, before the end of 2023, supporting the initiation of a Phase 2 study in participants with generalized anxiety disorder in Q1 2024.
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VNCE | Hot Stocks07:52 EDT Vince Holding to implement transformation program - Vince Holding announced that it will be implementing a transformation program focused on driving enhanced profitability through an improved gross margin profile and optimized expense structure. The transformation program is focused on improving the company's gross margin profile and driving cost efficiencies through, among other things: Streamlining manufacturing and production operations; Reducing promotional activity and optimizing breadth and depth of markdowns and enhancing efficiencies within store operations, corporate overhead and third-party spend. The transformation efforts are expected to generate over $30M in savings over the next three years. The efforts will be led by Heather Wilberger, Vince's chief transformation and information officer, who reports directly to Schwefel.
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AAC ARES | Hot Stocks07:45 EDT X-energy, Ares Acquisition mutually agree to terminate business combination - X-Energy Reactor Company, X-energy, a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (AAC) a publicly-traded special purpose acquisition company, announced that they have mutually agreed to terminate their previously announced business combination agreement , effective immediately. As a result, the extraordinary general meeting of AAC shareholders scheduled for October 31 to approve the proposed transaction will be convened and then adjourned indefinitely. Additionally, the extraordinary general meeting of AAC shareholders scheduled for November 2 to vote on a proposal to extend the date by which AAC must consummate a business combination will be convened and then adjourned indefinitely...An investment vehicle affiliated with Ares Management Corporation (ARES) has agreed to make a private investment into X-energy in order to support X-energy's continued growth as a private company. Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the business combination agreement. Pursuant to the terms of the termination agreement between AAC and X-energy, X-energy assumed from AAC and agreed to pay, perform and discharge the liabilities of AAC with respect to the payment in cash of certain fees, costs and expenses of AAC and its affiliates.
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SONN | Hot Stocks07:44 EDT Sonnet BioTherapeutics sees cash runway into 3Q24 - "As has been our objective since the company's founding, we are committed to innovating next generation cancer treatments of significant potential utility for patients and caregivers, alike," commented Pankaj Mohan, Ph.D., Founder and CEO of Sonnet. "I am excited by the progress of our therapeutic pipeline, and we remain acutely focused on our business development initiatives. We continue to believe this represents a compelling value proposition for investors in the company." In October, Sonnet completed an underwritten public offering led by existing investors for total gross proceeds of approximately $4.55 million. The company anticipates using the net proceeds from the offering for research and development, including clinical trials, working capital and general corporate purposes. After undertaking significant cost reductions designed to fund assets with the highest estimated business development potential, cash runway is projected into the calendar year third quarter of 2024.
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ARWYF | Hot Stocks07:43 EDT ARway.ai enters AR wayfinding collaboration with iFii - ARway.ai announced its collaboration with the prestigious Institut fur Innovations- und Informationsmanagement to create an innovative AR navigation system on the iFii campus in Germany. This is a paid-partner deal, valued at 5 figures annually depending on usage. The deal also represents a significant growth opportunity, as iFii will refer ARway to other institutions and businesses in the EU by showcasing this project.
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NEXCF | Hot Stocks07:42 EDT Nextech3D.AI announces grand opening of office in Hyderabad, India - Nextech3D.AI announced the grand opening of its office space in Hyderabad, India. This expands Nextech3D.ai's profit margins and dramatically reduces overhead costs projected to save the Company as much as $4 million annually. The Company recently appointed Hareesh Achi as the new Head of Product Operations to lead this initiative. Hareesh has worked at industry titans MSFT & META for over a decade developing a deep-rooted understanding of managing big technology operations.
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RWBYF | Hot Stocks07:41 EDT Red White & Bloom says court grants approval of amended stalking horse agreement - Red White & Bloom Brands is providing an update on matters relating to Aleafia Health and other corporate matters. RWB is pleased to announce that in connection with the proceedings of Aleafia Health and certain of its subsidiaries under the Companies' Creditors Arrangement Act, the Ontario Superior Court of Justice has granted an approval and reverse vesting order in respect of the previously announced sale transactions. The Approval and Vesting Order is the sole authorization required by the Aleafia Group to implement the transactions provided for under the previously announced stalking horse asset purchase and share subscription agreement, as amended and restated on October 24, 2023 among RWB, Aleafia Health and certain of Aleafia Health's subsidiaries. The Approval and Vesting Order approves the implementation of the transactions contemplated by the Amended Stalking Horse Agreement, whereby a wholly-owned subsidiary of RWB would subscribe for shares of the Aleafia Purchased Entities and acquire specific intellectual property owned, licensed or leased by Aleafia Health. Certain excluded assets and liabilities of the Aleafia Purchased Entities would be transferred to one or more corporations that would not be included among the Aleafia Purchased Entities at closing. RWB's subsidiary would be the sole shareholder of the Aleafia Purchased Entities following closing. The Court also granted an ancillary relief order approving, among other things, amendments to the debtor-in-possession term sheet to increase the DIP financing available to the Aleafia Group from $6.6 million to $8 million; and an extension to the current stay period in the Aleafia CCAA Proceedings to November 30, 2023, in order to, among other things, permit the parties to complete the transactions contemplated under the Amended Stalking Horse Agreement. The consummation of the transactions contemplated under the Amended Stalking Horse Agreement is subject to satisfaction or waiver of certain conditions set forth in the Amended Stalking Horse Agreement, including, among other things, receipt of all required regulatory approvals and the Aleafia Purchased Entities' Health Canada and cannabis excise licences being in good standing and continuing in good standing and not suspended or terminated following the closing date. The parties anticipate closing the transactions contemplated under the Amended Stalking Horse Agreement following satisfaction of the remaining conditions to closing, and in any event no later than November 22, 2023. In accordance with the policies of the Canadian Securities Exchange, the Company announces that its board of directors has approved the issuance of 700,000 common shares on October 30, 2023, at a deemed price of $0.06 per share, as final consideration for an asset purchase completed by a wholly-owned subsidiary of the Company.
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SPRC | Hot Stocks07:40 EDT SciSparc granted patent from Australia for reduction of opioids use - SciSparc announced its had been received notice of acceptance for its patent application for Combination of Opioids and N-Acylethanolamines for pain treatment. The Patent has been granted by IP Australia, the government agency in Australia that administers intellectual property rights and legislation for patents. "The fact that SciSparc's number of granted patents continues to grow is proof recognizing the innovation that characterizes the technologies in the Company's pipeline. In this case, our unique technology allows us to harness the ability to treat pain through opioids while using significantly lower concentrations than those used on the market today and allows us to continue to fulfill our promise to offer both effective and safe treatments," said SciSparc's Chief Executive Officer, Oz Adler.
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GILD | Hot Stocks07:39 EDT Kite and Epic Bio announce collaboration to develop new therapies for cancer - Kite, a Gilead company and Epicrispr Biotechnologies or Epic Bio announced the companies have entered into a research collaboration and license agreement using Epic Bio's proprietary gene regulation platform to develop next-generation cancer cell therapies. The agreement will allow Kite to leverage the licensed technology to modulate certain genes to potentially enhance CAR T-cell functionality. "Cell-based cancer immunotherapies have reshaped modern cancer care, but we have still only scratched the surface of their potential benefit for patients."We are proud to partner with Kite to extend the potential application of Epic Bio's platform for cancer treatment..."Under the terms of the agreement, Epic Bio will develop constructs for Kite-selected targets for use in CAR T-cell therapies directed to blood cancers. Kite will make an upfront payment to Epic Bio and Epic Bio will be eligible to receive performance-based development, regulatory and sales milestone payments. Epic Bio is also eligible to receive tiered royalties on any approved products that result from the collaboration. The transaction with Epic Bio is expected to have a de minimis financial impact on Gilead's 2023 GAAP and non-GAAP EPS.
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RVLGF | Hot Stocks07:38 EDT Revival Gold reports results on drill holes at Beartrack-Arnett project - Revival Gold report results from eight core drill holes completed in connection with the Company's 2023 exploration campaign at the Beartrack-Arnett Gold Project located in Idaho, USA. Each of the eight holes released today is from the Haidee deposit area and intersected above cut-off grade, near surface oxide gold mineralization. "The confirmation of higher grade near-surface oxide gold mineralization beyond the current Mineral Reserve at Haidee is a significant development," said Hugh Agro, President & CEO. "The results validate our team's exploration case for higher grade material and possible feeder structures at Haidee, and they demonstrate tangible potential to meaningfully expand Revival Gold's proposed Haidee open pit and heap leach restart plans for Beartrack-Arnett. We look forward to releasing this year's remaining drill results in the weeks ahead," added Agro.
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XOMA DAWN | Hot Stocks07:37 EDT Xoma earns $5M milestone upon FDA acceptance of Day One's tovorafenib NDA - XOMA (XOMA) announced it has earned a $5 million milestone related to the U.S. Food and Drug Administration's, FDA, acceptance of Day One Biopharmaceuticals' (DAWN) New Drug Application, NDA, for tovorafenib as a monotherapy for relapsed or progressive pediatric low-grade glioma. The FDA has granted tovorafenib Priority Review and established a Prescription Drug User Fee Act, PDUFA, date of April 30, 2024. "Tovorafenib has the potential to address a key unmet need in children whose low-grade gliomas with BRAF alterations have relapsed or progressed," stated Owen Hughes, Executive Chairman of XOMA. "A novel, targeted, orally available option has the opportunity to set a new standard-of-care in this patient population."
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HRMY | Hot Stocks07:37 EDT Harmony Biosciences board authorizes $200M share repurchase program - Board of Directors authorized a new $200 million share repurchase program.
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CAT FCX | Hot Stocks07:35 EDT Freeport-McMoRan to convert fleet of Caterpillar trucks to autonomous haulage - Caterpillar (CAT) and Freeport-McMoRan (FCX) are collaborating to convert the mining company's fleet of 33 Cat 793 haul trucks at its Bagdad mine in Arizona to an autonomous haulage system using Cat MineStar Command for hauling. Caterpillar and Freeport-McMoRan are collaborating to convert the mining company's fleet of Cat 793 haul trucks to an autonomous haulage system. Located approximately 100 mi northwest of Phoenix, Ariz., the Bagdad mine is a porphyry copper deposit containing both sulfide and oxide mineralization.
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KNSA | Hot Stocks07:33 EDT Kiniksa expects cash to fund operating plan into at least 2027 - Kiniksa expects that its cash, cash equivalents, and short-term investments will fund its current operating plan into at least 2027.
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KNSA | Hot Stocks07:33 EDT Kiniksa sees 2023 ARCALYST net product revenue $220M-$230M
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TRIN | Hot Stocks07:32 EDT Trinity Capital provides $25M growth capital to Neuros Medical - Trinity Capital announced the commitment of $25M in growth capital to Neuros Medical, a bioelectric technology company focused on alleviating chronic post-amputation pain and restoring quality of life. Neuros Medical's Altius System incorporates the company's patented platform technology, On-Demand Bioelectric Nerve Block, which patients initiate as needed for targeted pain relief. The growth capital will enable Neuros Medical to augment the recent equity raised and further scale operations to assist with their commercial launch.
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AMGN | Hot Stocks07:24 EDT Amgen reports Q3 total product sales up 5% y/y - Total product sales increased 5% for the third quarter of 2023 versus the third quarter of 2022. Unit volumes grew 11%, partially offset by 3% lower net selling price and 3% unfavorable changes to estimated sales deductions.
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FLYLF | Hot Stocks07:24 EDT Flyht Aerospace to provide 5G, iridium connectivity solutions to Air North - FLYHT Aerospace Solutions announced that Air North, Yukon's Airline has agreed to purchase FLYHT's innovative hardware and software services as part of the Yukon airline's fleet renewal plans. The adoption of these solutions will provide Air North with enhanced aircraft communications and maximum operational efficiency and safety. Per the agreement, FLYHT's AFIRS 228 Iridium SatCom and AFIRS EdgeTM solutions will be installed on Air North's Boeing 737 NG aircraft as it renews its B737 Classic fleet. The AFIRS 228S solution will provide rapid and reliable two-way voice and text messaging communications between the crew and the OCC, automate the collection and reporting of block and flight times, and collect applicable engine data for real-time engine trending services and real-time flight tracking for their remote northern operational environment. The AFIRS Edge's high bandwidth 5G wireless quick access recorder and enhanced aircraft interface device capabilities will empower Air North to automatically download and feed QAR data to their Flight Data Management program. The AID capability will provide key aircraft data to Crew iPad apps and Power over Ethernet to charge iPads to enhance cockpit crew operations. Air North will also have real-time access to FLYHT's suite of software services, including FLYHTHealth, FLYHTLog and AFIRS Gateway, which will provide reports on aircraft system health, engine and airframe exceedances, engine trends, as well as aircraft tracking and voice services. The contract is valued at approximately $700,000 USD, provided that all products and services are delivered over the term of the five-year agreement. Installations are expected to commence in early 2024.
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STRL | Hot Stocks07:22 EDT Sterling Infrastructure reports Q3 transportation contract awards of over $470M - Sterling Infrastructure announced Q3 2023 Transportation Solutions awards totaling over $470M.
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JAKK PARA | Hot Stocks07:21 EDT Jakks Pacific enters global agreement with Sega for Sonic the Hedgehog 3 - Jakks Pacific (JAKK) and its costume division, Disguise, announced a multi-year partnership with Sega of America, Inc. for Sonic the Hedgehog 3, Paramount Pictures' (PARA) feature film set to release on December 20, 2024. Through the collaboration, Sega and Jakks will design, develop, and manufacture a range of products including action figures, plush, playsets, costumes, and costume accessories, all set to hit the market late 2024.
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OKYO | Hot Stocks07:20 EDT OKYO Pharma announces $5.84M cash raise - OKYO Pharma announced a $5.84M issuance of shares via: a Company managed registered direct offering of 1,092,600 ordinary shares at an offering price of $1.50 per ordinary share conducted without an underwriter or placement agent; and the extinguishment of payables of $4.20M by the issuance of 2,766,667 shares at the offering price of $1.50 per share. The reduction of payables is considered by the Company to be a major endorsement by its creditors of its current strategy and constitutes a material reduction of OKYO's payables. The gross cash proceeds to OKYO from the registered direct offering, before deducting offering expenses payable by OKYO, are expected to be $1.64M, together with a reduction of $4.20M of payables. The offering is expected to close on or about November 1 2023, subject to the satisfaction of customary closing conditions.OKYO intends to use the net proceeds from the offering primarily for clinical development of the Company's product candidates, general corporate purposes and working capital.
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STRL | Hot Stocks07:20 EDT Sterling Infrastructure awarded $260M in e-infrastructure contracts in Q3 - Sterling Infrastructure announced awards in its E-Infrastructure Solutions segment totaling over $260M during Q3 2023. Sterling's E-Infrastructure site development projects include services for industrial facilities, data centers, multi-use facilities, e-commerce distribution centers and warehouses. E-Infrastructure Solutions is Sterling's largest and highest-margin segment
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CLF | Hot Stocks07:19 EDT Cleveland-Cliffs increases current base prices for steel products - Cleveland-Cliffs announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $900 per net ton.
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CMDXF | Hot Stocks07:19 EDT Computer Modelling Group announces partnership with ABB - Computer Modelling announces a partnership with global technology leader ABB to integrate CMG's subsurface simulation technology into ABB's digital twin platform for commercial carbon capture and storage operations. The partnership aims to develop a new product in which ABB will use its Ability OPTIMAX energy management system to integrate above ground digital twin technology with CMG's subsurface modelling, providing a full 'source to storage' solution to support the successful operation of CCS projects. "This partnership brings together two powerful technologies to develop a solution to support the intelligent, real-time operational decision making required to make carbon storage a success at scale," commented Pramod Jain, CMG CEO. "Advanced subsurface modelling is necessary to assess and monitor risks of CO2 injection against various operating scenarios and is critical to the safety, feasibility and scaling of carbon capture and storage projects. We are pleased to partner with ABB, a global leader in innovation, to provide our industry leading, subsurface simulation capabilities to their enhanced digital twin technology."
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LTHCF | Hot Stocks07:18 EDT Lithium Ionic enters grid power connection contract with Cemig - Lithium Ionic reports that its 100%-owned Brazilian subsidiary, MGLIT Empreendimentos, has entered into an agreement with Cemig Distribuicao to facilitate the construction and electrification of essential power infrastructure between Cemig's existing power grid and the future Bandeira lithium operation, located approximately 3 kilometers away. The agreement aligns with the Company's goal of fast-tracking Bandeira towards production and solidifies its position as a near-term lithium producer in the region by securing low-cost, renewable hydroelectric power to meet the long-term requirements of the project. Cemig is the largest electricity distributor in Brazil, serving, through its network extensions, approximately 96% of the State of Minas Gerais. Lithium Ionic has commissioned an independent NI 43-101 compliant Feasibility Study for Bandeira, which is expected to be completed in early 2024. The FS follows the completion of a Preliminary Economic Assessment earlier this month, which supported a long-life and low-cost spodumene concentrate mining project with a post-tax Net Present Value 8% of US$1.6 billion and an Internal Rate of Return of 121% Details related to the Cemig Agreement include: The electrical transmission infrastructure will include 3 kilometres of new transmission lines, as well as a new substation adjacent to the future Bandeira mine. MGLIT will directly undertake the construction of the electric connection systems, including negotiations with contractors and suppliers, as well as the purchase of materials and services, in accordance with Cemig's pre-approved list. MGLIT and Cemig will jointly manage environmental licensing and land management. The total project cost is expected to be approximately BRL$17million. Following the completion of the project, the Company is eligible for reimbursement of up to BRL$2.98 million subject to certain requirements. The construction of the new electrical infrastructure is scheduled to be completed by Q4 2025, with electrification scheduled for the same period. Following the construction and a technical inspection by Cemig, the transmission lines and substation will be transferred to Cemig. The operation and maintenance of electrical infrastructure downstream of the new substation will be MGLIT's responsibility.
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EVGN | Hot Stocks07:18 EDT Evogene, Colors Farm announce collaboration with Ben-Gurion University - Colors Farm and Evogene announced a collaboration with Ben-Gurion University to develop gene editing technology for crustaceans. This synergistic collaboration will focus on crustaceans - specifically targeting giant freshwater prawn, white leg shrimp and red swamp crayfish, to enhance key traits such as growth rate, disease resistance, and environmental adaptation. The initiative has received a competitive grant from the Israel Innovation Authority, cementing its role as a pioneering endeavor in the realm of precision agriculture.
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JFBR | Hot Stocks07:18 EDT Jeffs' Brands announces 1-for-7 reverse share split - Jeffs' Brands announced that it will conduct a reverse share split of its issued and outstanding ordinary shares, no par value, at a ratio of 1-for-7. The Company's Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on November 3, 2023, under the Company's existing trading symbol "JFBR". The trading symbol "JFBRW" and CUSIP number for the Company's public warrants will remain unchanged following the reverse share split.
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NOK | Hot Stocks07:17 EDT Nokia announces its Technology Strategy 2030 - Nokia presents its Technology Strategy 2030 that identifies trends and emerging technologies. According to its new Global Network Traffic 2030 report, network traffic is growing and will rise dramatically over this decade. Driving this growth are recent trends such as artificial intelligence, machine learning, extended reality, digital twins, automation, and billions of devices. To capitalize on the exponential potential of these technologies to solve tomorrow's greatest challenges, networks will need to adapt and transform. Nishant Batra, Chief Strategy and Technology Officer, Nokia, said: "Nokia's Technology Strategy 2030 is a direct response to the proliferation of cutting-edge technologies over the last decade. One thing is for certain: radical changes are needed now to evolve networks to meet the challenges of tomorrow and beyond. Enterprises across industry face three trends bearing down on them: AI, cloud and the constant evolution of connectivity. Our Technology Strategy 2030 lays out a future network architecture for our customers and the industry. It brings to life opportunities for innovation, sustainability, productivity and collaboration, which can only be enabled by the exponential power of networks."
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USAC | Hot Stocks07:17 EDT USA Compression lowers 2023 net income view to $73M-$83M from $75M-$95M - Sees 2023 adjusted EBITDA $500.0M-$510.0M.
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AMLI | Hot Stocks07:16 EDT American Lithium announces updated MRE at Falchani Lithium deposit - American Lithium announces an updated Mineral Resource Estimate, MRE, that significantly increases the contained lithium for the Falchani Lithium deposit located in Puno, southwestern Peru from the previous March 2019 MRE. The updated MRE update was completed by Stantec Consulting Services as part of the process of updating the preliminary economic assessment for Falchani and will be incorporated into the mine plan within the updated PEA. DRA Global is now finalizing the updated PEA with completion expected during November. Simon Clarke, CEO of American Lithium states, "We are extremely pleased with the results of our EIA drill program and the very large increase in resources at Falchani which includes, doubling the contained lithium. Falchani is now one of the largest hard rock lithium projects globally with the ability to produce high purity battery grade lithium carbonate. The inclusion of potassium, cesium and rubidium in the resource block model provides the opportunity to include Sulfate of Potash and Cs-Rb potential by-products into future financial modelling of Falchani. DRA Global has commenced mine plan modelling and updating capital and operating costs for the updated PEA, expected within the next several weeks. These strong and strategic updates to the PEA will enable us to fast-track the completion of the PFS."
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AVTX | Hot Stocks07:15 EDT Avalo Therapeutics completes divestiture of AVTX-800 series - Avalo Therapeutics announced it has completed the divestiture of its rights, title and interest in, assets relating to AVTX-801, AVTX-802 and AVTX-803 to AUG Therapeutics. The Company previously announced it entered into a purchase agreement with AUG to divest the 800 Series on September 12, 2023. AUG paid an upfront payment of $150,000, as well as, for each compound, is obligated to make a contingent milestone payment of $15,000,000 if the first Food and Drug Administration approval is for an indication other than a Rare Pediatric Disease, or up to 20% of certain payments, if any, granted to AUG upon any sale of any priority review voucher granted to AUG by the FDA, net of any selling costs. Additionally, AUG assumed $150,000 of certain liabilities incurred prior to the date of the Purchase Agreement and assumed all costs relating to the 800 Series from the date of the Purchase Agreement. "We are excited to announce that we have closed the transaction with AUG to divest our 800 Series programs for the treatment of congenital disorders of glycosylation. In AUG's hands, these programs could advance to provide reliable treatments for patients in need," stated Dr. Garry Neil, MD, Chief Executive Officer, and Chairman of the Board at Avalo Therapeutics. "Our pipeline is now fully focused on our promising immunology assets, reaffirming Avalo's unwavering commitment to execute its strategy of addressing unmet medical needs to patients suffering from immunological diseases, which we believe will derive the greatest value and potential for our shareholders. This transaction has an immediate positive impact on our cash flow and focuses the team fully on our core immunology assets, while also maintaining substantial upside potential for Avalo upon program success."
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GRTX | Hot Stocks07:15 EDT Galera Therapeutics estimates cash balance of $28.4M as of Sept. 30 - Galera estimates that its balance of cash, cash equivalents and short-term investments as of September 30, 2023 was $28.4 million. This figure is preliminary and is subject to completion of the Company's financial closing procedures. The Company plans to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 on November 14, 2023.
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BHIL | Hot Stocks07:14 EDT Benson Hill expands liquidity improvement plan, including planned divestitures - Benson Hill announced plans to improve its financial position and accelerate its transition to an asset-light business model with a focused expansion into broadacre animal feed markets, complementing its accomplishments in human food ingredients. The near-term opportunity in animal nutrition is consistent with Benson Hill's strategy to expand and diversify its proprietary product portfolio, improve nutrition security, and foster collaboration with industry partners within the food value chain...Management is expanding the scope of its Liquidity Improvement Plan to maximize capital efficiency and provide a runway to execute the Company's strategy...The Company has taken actions to realize a $33M run rate operating expense reduction in 2024, with expectations for future reductions in operating expense savings and capital expenditures. Negotiations are underway to divest the Company's processing facilities. This includes a signed agreement to sell the soy crush facility in Seymour, Ind., for approximately $36 M of total gross proceeds, subject to working capital and other adjustments. ..the Company continues to evaluate multiple strategic alternatives through discussions with interested parties about executing its strategy under public and private operating models.
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GRTX | Hot Stocks07:14 EDT Galera Therapeutics announces review of strategic alternatives - The Company has engaged Stifel, Nicolaus & Company, Inc. to assist in reviewing strategic alternatives for the Company and its portfolio of dismutase mimetics with the goal of maximizing value for its shareholders. Such alternatives may include a merger, sale, divestiture of assets, licensing, or other strategic transaction. If the Company is unable to undertake any strategic alternative, it may be required to cease operations altogether.
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CRSP | Hot Stocks07:14 EDT Crispr Therapeutics announces NASDAQ halted trading of stock ahead of meeting - CRISPR Therapeutics announced that NASDAQ has halted trading of the Company's common stock. The U.S. Food and Drug Administration's Cellular, Tissue, and Gene Therapies Advisory Committee is meeting today to review the Biologics License Application for exagamglogene autotemcel) for the treatment of sickle cell disease in people ages 12 and older with recurrent vaso-occlusive crises. The Prescription Drug User Fee Act date for completion of the review of the BLA for exa-cel for SCD is December 8, 2023.
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PFE | Hot Stocks07:14 EDT Pfizer sees FY23 Paxlovid revenues of approximately $1B, down 95% from 2022 - Excluding COVID-19 products, Pfizer is expecting 6% to 8% operational revenue growth in 2023. Revenue guidance for Pfizer's COVID-19 products is as follows: Comirnaty revenues of approximately $11.5B, down 70% from 2022 results. Paxlovid revenues of approximately $1B, down 95% from 2022 results. In contrast to previous years, guidance for both products is no longer based primarily on expected deliveries under existing signed or committed supply contracts, but now also includes, among other things, for Comirnaty, transition to traditional commercial market sales in the U.S. in September 2023; and for Paxlovid, expected transition to traditional commercial markets in the U.S. in November 2023, with minimal uptake of New Drug Application-labeled commercial product expected before January 1, 2024.
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GRTX | Hot Stocks07:13 EDT Galera Therapeutics to discontinue both GRECO trials - "We are disappointed that the FDA did not find the data from our Phase 2b GT-201 and Phase 3 ROMAN trials sufficient for the approval of the NDA for avasopasem," said Mel Sorensen, M.D., Galera's President and CEO. "After discussing the data with the FDA, it is clear that their position is another Phase 3 trial is required." To optimize the Company's resources, it conducted a futility analysis of the GRECO-2 trial to assess the likelihood of a successful outcome. The analysis indicated that the trial was unlikely to succeed as designed. GRECO-2 is a randomized, double-blind, placebo-controlled Phase 2b trial evaluating rucosopasem or placebo in combination with SBRT in patients with LAPC. Overall survival is the trial's primary endpoint. The trial was designed to enroll 220 patients with final analysis at 120 events The trial has enrolled 177 patients to date, and the futility analysis was conducted based on 35 deaths with a data cutoff of October 9, 2023. Dr. Sorensen continued, "In light of our current resources and the results of the futility analysis, we have made the difficult decision to discontinue both GRECO trials. We will analyze the data collected to date to determine next steps for the asset, and we thank the patients and providers who participated in both trials."
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OMGA | Hot Stocks07:13 EDT Omega presents new preclinical data on pre-transcriptional control of genes - Omega Therapeutics announced new preclinical data showcasing simultaneous and coordinated pre-transcriptional control of multiple genes co-located in an insulated genomic domain, IGD, by a single epigenomic controller, EC, at the 11th International mRNA Health Conference taking place in Berlin, Germany, October 31 - November 2, 2023. "These new preclinical data show that, through deep understanding of disease biology and genomic architecture, our OMEGA platform is able to design a programmable mRNA candidate capable of multiplexing to pre-transcriptionally control the expression of multiple genes in preclinical models," said Thomas McCauley, Ph.D., Chief Scientific Officer of Omega Therapeutics. "By targeting a genomic locus containing a cluster of cytokine genes, we can precisely modulate immune activity to elicit a meaningful anti-inflammatory response. The potential applications of this strategy extend beyond any single disease and highlight the broad potential of precision epigenomic control." Key Findings: Treatment of human lung fibroblasts with CXCL1-8-targeting ECs correlated with corresponding decrease in gene expression of multiple CXCL chemokines; EC-induced changes in the epigenetic profiles of the CXCL1-8 genes were associated with decreased binding of NF-kB; Human lung fibroblasts treated with a single CXCL-EC engineered to modulate the epigenetic profiles of the CXCL1-8 gene cluster showed downregulation of both mRNA and protein levels of CXCL1, 2 and 8 ; Cells treated with a CXCL-EC showed decreased ability to support neutrophil migration in vitro; In a mouse model of lung inflammation, single administration of a mouse surrogate CXCL-EC resulted in decreased recruitment of neutrophils and B and T cells into bronchoalveolar fluid
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GRTX | Hot Stocks07:12 EDT Galera Therapeutics says FDA confirms need for new trial for avasopasem for SOM - Galera Therapeutics has received official meeting minutes from the Type A meeting with the United States Food and Drug Administration held September 28, 2023 in which the FDA reiterated the need for an additional Phase 3 trial of avasopasem manganese for radiotherapy-induced SOM. The Company also decided to halt the Phase 2b GRECO-2 trial of rucosopasem manganese in patients with locally advanced pancreatic cancer and the Phase 1/2 GRECO-1 trial of rucosopasem in patients with non-small cell lung cancer, following a futility analysis of the GRECO-2 trial. The Company believes this decision will enable the Company to conserve cash while it continues to assess potential strategic alternatives with the goal of maximizing shareholder value. In the Type A Meeting minutes, the FDA reiterated that results from an additional Phase 3 trial will be required to support resubmission of the Company's New Drug Application for avasopasem in radiotherapy-induced SOM.
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BHIL | Hot Stocks07:11 EDT Benson Hill transfers crush facility to White River for $36M - Benson Hill announced that it has transferred ownership of its Seymour, Ind., soybean crush facility to White River Soy Processing, for approximately $36M of total gross proceeds, subject to working capital and other adjustments. ..The agreement represents the completion of an expected milestone as Benson Hill implements cost and operational improvements as part of its Liquidity Improvement Plan. The Company intends to use the proceeds to improve its liquidity position, pay down debt, and reduce operating and working capital costs, while maintaining relationships with farmer partners in Indiana. Benson Hill has owned and operated the facility since 2021. " Approximately 30 team members will become employees of White River, ensuring a smooth transition for The transaction closed on Oct. 31, 2023. Additional details can be found on the Company's investor relations page.
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AME | Hot Stocks07:11 EDT Ametek acquires Amplifier Research, terms undisclosed - Ametek announced the acquisition of Amplifier Research Corp., a manufacturer of radio frequency and microwave amplifiers and electromagnetic compatibility, or EMC, testing equipment. Amplifier Research is a provider of amplifiers and EMC testing equipment for the defense, medical, communications and automotive markets. The company has a diverse product portfolio including RF and microwave instrumentation amplifiers, hybrid power amplifier modules, antennas, and control software used to provide high-end, EMC solutions. Amplifier Research is headquartered in Souderton, Pennsylvania and has annual sales of approximately $60M.
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AMGN | Hot Stocks07:11 EDT Amgen sees FY23 CapEx about $950M - Expects FY23 share repurchases not to exceed $500 M.
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NBIX | Hot Stocks07:10 EDT Neurocrine sees 2023 Ingrezza net sales $1.82B-$1.84B
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AME | Hot Stocks07:09 EDT Ametek to acquire Paragon Medical for $1.9B - Ametek announced that it has entered into a definitive agreement to acquire Paragon Medical, a provider of highly engineered medical components and instruments, from affiliates of American Securities in an all-cash transaction valued at approximately $1.9B. Paragon Medical serves a wide range of specialty applications including orthopedics, minimally invasive surgery, robotic surgery, and drug delivery. Paragon's product portfolio includes single-use and consumable surgical instruments and implantable components sold to a diverse blue-chip customer base of leading medical device manufacturers. Paragon Medical has annual sales of approximately $500M and is headquartered in Pierceton, Indiana. The transaction is subject to customary closing conditions, including applicable regulatory approvals.
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GSK... | Hot Stocks07:08 EDT GSK, Arrowhead announce deal with Janssen for rights to JNJ-3989 - GSK plc (GSK) and Arrowhead Pharmaceuticals (ARWR) announced that they have reached an agreement with Janssen Pharmaceuticals, a Johnson & Johnson (JNJ) company, to transfer exclusive worldwide rights to further develop and commercialise JNJ-3989 to GSK. JNJ-3989, formerly ARO-HBV, was initially in-licensed by Janssen from Arrowhead in 2018. JNJ-3989 is an investigational hepatitis B virus-targeted small interfering ribonucleic acid, or siRNA, therapeutic that GSK intends to evaluate in a sequential regimen with bepirovirsen, GSK's investigational antisense oligonucleotide, for the treatment of adult non-cirrhotic patients with chronic hepatitis B on nucleos(t)ide analogue therapy. Upon closing of the transaction, GSK will assume rights and obligations of the existing license agreement between Janssen and Arrowhead, including all remaining financial obligations owed to Arrowhead for JNJ-3989 under the original agreement. GSK will be responsible for upfront and potential milestone-based payments to both Janssen and Arrowhead totalling approximately $1B. Janssen will continue to be responsible for the ongoing clinical trials of JNJ-3989 at its expense and GSK will be solely responsible for all future development and commercialization activities. Additionally, Arrowhead will receive tiered royalties on net sales pursuant to the original agreement. This transaction is subject to customary conditions, including applicable regulatory agency clearances under the Hart-Scott-Rodino Act in the U.S. Tony Wood, Chief Scientific Officer, GSK, said: "We are excited to build on promising results already demonstrated with bepirovirsen to investigate a novel sequential regimen with JNJ-3989. We believe this approach could redefine the treatment paradigm for chronic hepatitis B by helping even more patients achieve functional cure."
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LGIH | Hot Stocks07:04 EDT LGI Homes sees 2023 home closings 6,700-7,000 - The Company now expects: active selling communities at the end of 2023 between 115 and 125; Average sales price per home closed between $350,000 and $355,000; Gross margin as a percentage of home sales revenues between 23.0% and 23.5%; Adjusted gross margin as a percentage of home sales revenues between 24.5% and 25.0% with capitalized interest accounting for the majority of the difference between gross margin and adjusted gross margin; SG&A as a percentage of home sales revenues of approximately 13.0%; Effective tax rate of approximately 24.0%
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SIRI | Hot Stocks07:03 EDT Sirius XM plans November 8 Next Generation event
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SIRI | Hot Stocks07:03 EDT Sirius XM reports Q3 total subscribers 34M
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MPLX | Hot Stocks07:00 EDT MPLX increases quarterly dividend 10% to 85c per unit - "Our business continues to grow and generate strong cash flow," said Michael J. Hennigan, MPLX chairman, president and chief executive officer. "We announced a 10% increase to our distribution, and through the first nine months of the year we have grown distributable cash flow over 6% compared to the same period in 2022."
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CEIX | Hot Stocks06:56 EDT Consol Energy sees FY23 capital expenditures $160M-$175M
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ZYXI | Hot Stocks06:52 EDT Zynex initiates review of strategic alternatives - Zynex announced its board of directors has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. As part of the process, the board will evaluate, together with its advisors, a range of potential strategic alternatives which may include, any take private offers, a sale, merger or other business combination, a divestiture, a recapitalization, or other strategic transactions, or continuing to operate as a public, independent company.
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GVA | Hot Stocks06:51 EDT Granite says 2023 guidance and 2024 targets unchanged
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SSNLF | Hot Stocks06:45 EDT Samsung expects consumer sentiment to improve somewhat in VD in 2024 - The company said, "VD: Various external risks are likely to persist in the market, but we expect consumer sentiment to improve somewhat and ease the decline in market demand compared to 2023. We will continue to innovate products centering on premium/lifestyle screens and lead the ultra-high- definition/ultra-large TV market, targeting demand linked to sporting events. Moreover, we will continue to actively promote not only our basic competitiveness, such as picture and sound quality, but also product experiences related to the environment, security, and content, which have recently emerged as important consumer values. DA Digital Appliances will strengthen its leadership in premium segments via simultaneous global launches of home appliances featuring AI amid the advancement of interconnection experiences between SmartThings-based digital appliances and devices. We will also continue to improve the profit and loss structure by expanding sales of high-margin products, such as system air conditioners, and realizing operational efficiencies."
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SSNLF | Hot Stocks06:44 EDT Samsung expects demand uncertainty to continue in VD in Q4 - The company said, "VD: We expect demand uncertainty to continue due to various risks in the business environment, but demand should remain solid for premium products such as ultra-large TVs. That said, we expect competition to intensify as companies respond to peak seasonality. VD will continue to strengthen the competitiveness of online and offline channels to capture peak-season demand while also focusing on securing profitability by continuing to improve the mix centering on premium products, such as Neo QLED/98" ultra-large/Lifestyle Screen. DA DA will remain committed to securing profitability by improving its business structure via an increased focus on B2B, all while strengthening its mix through sales growth of premium products."
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SSNLF | Hot Stocks06:42 EDT Samsung says MX aims to grow annual flagship shipments by double digits - For 2024, the company said, "MX: We expect the smartphone market to grow, centering on the flagship segment, as consumer sentiment stabilizes in anticipation of a soft landing of the global economy. Tablet demand is forecast to rise, focusing on premium devices, andTWS demand should grow slightly amid a growing mass market. MX aims to grow annual flagship shipments by double digits and achieve smartphone revenue growth exceeding the market growth. For tablets, it will focus on strengthening the premium product line-up to meet demand for large screens. For wearables, we will increase wellness features and establish a full line-up. We will provide our customers with hyper-personalized experiences by applying generative AI technologies and secure core technologies for future growth areas such as XR, digital Health, and Digital Wallet. At the same time, we will strive to secure stronger profitability by enhancing resource allocation. Networks Seek to grow revenue through timely responses to major overseas businesses while also winning orders for new businesses and reinforce its technology leadership in core 5G chips and vRAN."
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ETRN | Hot Stocks06:42 EDT Equitrans Midstream sees 2023 net income $425M-$445M - Sees 2023 adjusted EBITDA $1.02B-$1.04B. Sees 2023 deferred revenue $325M-$330M.
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AL BA | Hot Stocks06:41 EDT Air Lease places leases for two Boeing 737-8 aircraft with LOT Polish Airlines - Air Lease Corporation (AL) announced long-term lease placements for two new Boeing (BA) 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to deliver to LOT in mid-2024, and will add to the 11 Boeing 737-8s and one 787-9 Dreamliner aircraft already on lease from ALC.
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SSNLF | Hot Stocks06:40 EDT Samsung says Networks business seeks to obtain additional wins overseas - For Q4, the company said, "The smartphone market is expected to grow q-q due to seasonality. Competition in the mass market segment is likely to intensify while uncertainties caused by geopolitical risks are likely to remain. We will continue with solid sales of foldables and S23 series via various sales promotions in the year-end holiday season. Expand sales of tablets and wearables, focusing on new premium lineups by leveraging seasonality and strengthening co-marketing campaigns with customers. Amid intensifying competition in the smartphone market, we will seek to increase y-y revenue and profits focusing on up-selling efforts and flagship-oriented sales. Networks The Networks business will seek to obtain additional wins in overseas markets."
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SSNLF | Hot Stocks06:38 EDT Samsung to seek qualitative growth in S.LSI segment in 2024 - The company said, "S.LSI: Expecting the mobile market to increase centering on premium products, we will seek qualitative growth by increasing our sales portion of flagship products. Meanwhile, we remain committed to ensuring a solid business structure by expanding our business area beyond the mobile market. Foundry The market is forecast to shift to growth thanks to a rebound in mobile demand and continued growth in HPC demand. We will strengthen our technology competitiveness through the 2H mass production of the 2nd generation 3-nano process as well as the 4th generation 4-nano process for HPC. For mature processes, we will strive to expand within applications such as HPC, automotives, consumer goods, etc., by developing specialized process technologies, including RF and eMRAM."
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SSNLF | Hot Stocks06:36 EDT Samsung expects to record improved earnings in foundry in Q4 - The company said, "S.LSI: With customer inventory adjustments seeming to be in their final stage, we expect demand to start showing a recovery due to base effects. We also expect our performance to improve significantly thanks to increased supply of parts for our major mobile customers' new products. For mobile SoC, we are in the final developmental stages to respond to next year's flagship smartphones, and we also plan to expand our portfolio via targeting global customers for our modem business; and to enhance our solution capabilities for on-device AI. Foundry Although the magnitude of a recovery in market condition remains uncertain, we expect to record improved earnings in 4Q as inventories approach sound levels and on increased demand driven by launch effects of new products by major customers. Regarding the GAA process, 2nd generation 3- nano GAA yields continue to improve; and for the 2-nano process, we are going to establish design infrastructure that incorporates Si results."
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SSNLF | Hot Stocks06:29 EDT Samsung plans to expand sales of advanced-node products in 2024 - The company said, "For PC and mobile, arrivals of some replacement cycles and continued growth in the high-density trend should boost demand; with the spread of on-device AI likely to provide additional momentum. In server, demand is forecast to recover gradually, driven by increased demand for AI and normalizing inventory levels at customers. However, we need to keep monitoring variables that affect server demand, such as changes in IT investments based on macro conditions, AI-orientated investments, and geopolitical issues. We will expand sales of advanced-node products, such as 1b-based DDR5/LPDDR5x and V8-based UFS 4.0; and we will actively address demand for generative AI by increasing our HBM3 and HBM3E portion of sales on the back of the largest production capacity in the industry."
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SSNLF | Hot Stocks06:27 EDT Samsung says memory demand likely to improve in Q4 - For Q4, the company said, "Memory demand is likely to improve thanks to year-end promotions and launches of new products by our major customers, while the high-density trend in major applications is forecast to accelerate and demand for generative AI should remain strong. We plan to increase the sales portion of highly profitable product lines-including automotive- while working to expand mass production and sales of HBM3 in earnest. We will proactively address the rising demand for new interface products, such as DDR5, PCle, Gen5, and UFS4.0 via ramp-ups at the new fab."
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GEHC | Hot Stocks06:25 EDT GE HealthCare reports Q3 cash flow from operating activities $650M - Cash flow from operating activities was $650M versus $622, up $28M year-over-year primarily due to strong inventory management. Free cash flow was $570M, up $22M year-over-year.
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GEHC | Hot Stocks06:23 EDT GE HealthCare sees FY23 free cash flow conversion of 85% or more - Free cash flow conversion of 85% or more for the full year. The company's cash flow outlook assumes that the legislation requiring R&D capitalization for tax purposes is repealed or deferred beyond 2023. The Free cash flow impact of this legislation is up to 10 points of Free cash flow conversion for the year. Sees FY23 Adjusted EBIT margin in the range of 15.0% to 15.5%, reflecting an expansion of 50 to 100 basis points versus 2022 Standalone Adjusted EBIT margin of 14.5%. Sees adjusted effective tax rate in the range of 23% to 25%.
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EPD | Hot Stocks06:19 EDT Enterprise Products announces four new production projects in Permian Basin - Enterprise Products announced four new capital projects to support continuing production growth in the Permian Basin. The partnership has also begun initial steps to return the Seminole Pipeline, which has a capacity of 210,000 barrels per day of crude oil, to natural gas liquid transportation service in December. The four projects include two natural gas processing plants, the Bahia NGL pipeline, NGL fractionator 14 and an associated deisobutanizer at Enterprise's Chambers County, Texas complex. Each of these projects is expected to begin service during 2025. Enterprise's fundamentals group forecasts crude oil production in the Permian Basin is on track to increase by over 700,000 BPD in 2023 and to grow by approximately 1.5 million BPD for the three-year period ending 2025. Post 2025, the company expects crude oil production from the basin to reach in excess of 7.5 million BPD by the end of 2030. The partnership believes NGL production from the basin is on track to increase by over 200,000 BPD in 2023, and grow by 700,000 BPD for the three-year period ending 2025. From 2025 to 2030, Enterprise believes NGL production from the Permian could grow by over 500,000 BPD to nearly 4.0 million BPD by the end of 2030. Enterprise has started construction on the Mentone 4 natural gas plant serving the Delaware Basin. Mentone 4 will have the capacity to process over 300 MMcf/d of natural gas to extract more than 40,000 BPD of NGLs. This plant is expected to begin service in the second half of 2025. Upon the completion of Mentone 3 and Mentone 4, Enterprise will have approximately 2.5 Bcf/d of natural gas processing capacity in the Delaware Basin capable of extracting more than 330,000 BPD of NGLs. Enterprise has also commenced construction on the Orion natural gas processing plant. Orion will have the capacity to process over 300 MMcf/d of natural gas to extract more than 40,000 BPD of NGLs. This plant is expected to be in service in the second half of 2025. Construction of the previously announced Leonidas natural gas processing plant, which also has the capacity to process in excess of 300 MMcf/d of natural gas, is proceeding on schedule and is expected to begin service in 1Q24. Enterprise will build the Bahia NGL pipeline, a 550-mile pipeline with the capacity to transport up to 600,000 BPD of NGLs originating from the Delaware and Midland basins to Enterprise's fractionation complex in Chambers County. This pipeline, which is currently expected to be wholly owned by Enterprise, is projected to begin service in the first half of 2025. Enterprise has begun preparations to convert the Seminole Red Pipeline from crude oil service back to NGL service in December 2023. This pipeline has been in crude oil transportation service since 2Q19 and was known as Enterprise's Midland-to-ECHO 2 crude oil pipeline. Prior to 2019, the Seminole Red Pipeline was in NGL service. The final Permian growth project is Enterprise's NGL fractionator 14 in Chambers County. This plant will have the capacity to fractionate up to 195,000 BPD of NGLs and the new associated DIB unit will have the capability to separate up to 100,000 BPD of butanes. Construction is scheduled to be completed during the second half of 2025.
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UTHR | Hot Stocks06:16 EDT United Therapeutics: First patient enrolled in Phase 3 TETON PPF study - United Therapeutics announced that the first patient has enrolled in the registration-phase TETON PPF study, which will evaluate nebulized Tyvaso Inhalation Solution in 698 adult patients with progressive pulmonary fibrosis. This is in addition to two separate ongoing registration-phase studies, TETON 1 and TETON 2, of nebulized Tyvaso in patients with another type of pulmonary fibrosis known as idiopathic pulmonary fibrosis. The 52-week study will evaluate the impact of nebulized Tyvaso on a key prognostic indicator for PPF known as forced vital capacity. PPF is a progressive form of interstitial lung disease characterized by the loss of the ability of the lungs to transfer oxygen into the blood, ultimately resulting in respiratory failure and death.
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CGNX | Hot Stocks06:14 EDT Cognex raises quarterly dividend 7% to 7.5c per share - Payable on December 1 to all shareholders of record at the close of business on November 17.
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VERV... | Hot Stocks06:10 EDT Verve Therapeutics, Eli Lilly expand relationship - Verve Therapeutics (VERV) announced the expansion of its relationship with Eli Lilly and Company (LLY). Lilly has acquired from Beam Therapeutics (BEAM) certain product rights to Verve's cardiovascular in vivo gene editing programs targeting PCSK9 and ANGPTL3, as well as a third undisclosed cardiovascular disease target. Verve's PCSK9 product candidates, VERVE-101 and VERVE-102, and ANGPTL3 product candidate, VERVE-201, are designed to potently and durably lower low-density lipoprotein cholesterol throughout the lifetime of patients with or at risk for atherosclerotic cardiovascular disease, the most common form of CVD. For the PCSK9 and ANGPTL3 product candidates, Lilly now holds the product rights previously held by Beam, including the right to opt-in to share 33% of worldwide development expenses and to jointly commercialize and share profits and expenses related to commercialization in the United States on a 50/50 basis. Verve holds all product rights for the PCSK9 and ANGPTL3 programs outside the United States. Under the collaboration agreement, Verve retains control of the development and commercialization of all collaboration products. Additionally, Lilly also acquired Beam's right to opt-in to co-fund and share in potential profits on similar terms for a third undisclosed CVD target.
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BP | Hot Stocks06:09 EDT BP intends to execute further $1.5B share buyback - bp intends to execute a further $1.5B share buyback prior to reporting fourth quarter results. bp remains committed to using 60% of 2023 surplus cash flow for share buybacks, subject to maintaining a strong investment grade credit rating.
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BP | Hot Stocks06:09 EDT BP says guidance for distributions remains unchanged - Based on bp's current forecasts, at around $60 per barrel Brent and subject to the board's discretion each quarter, bp expects to be able to deliver share buybacks of around $4.0 billion per annum, at the lower end of its $14-18 billion capital expenditure range, and have capacity for an annual increase in the dividend per ordinary share of around 4%.
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ST | Hot Stocks06:01 EDT Sensata CFO Paul Vasington to retire, Brian Roberts to succeed - Sensata announced that Brian Roberts has been named as Sensata's new CFO, beginning immediately following the filing of the 10-Q for the third quarter in early November. Roberts will assume leadership and oversight of all global financial activities of Sensata. Brian will succeed Sensata's current CFO, Paul Vasington, who has decided to retire from the company. Paul will remain with Sensata through a transition period and will remain as an advisor to Jeff Cote and Brian until April 2, 2024.
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SWI | Hot Stocks05:57 EDT SolarWinds, CISO charged by SEC with fraud, internal control failures - The Securities and Exchange Commission on Monday announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. The complaint alleges that, from at least its October 2018 initial public offering through at least its December 2020 announcement that it was the target of a massive, nearly two-year long cyberattack, dubbed "SUNBURST," SolarWinds and Brown defrauded investors by overstating SolarWinds' cybersecurity practices and understating or failing to disclose known risks. In its filings with the SEC during this period, SolarWinds allegedly misled investors by disclosing only generic and hypothetical risks at a time when the company and Brown knew of specific deficiencies in SolarWinds' cybersecurity practices as well as the increasingly elevated risks the company faced at the same time. The SEC's complaint, filed in the Southern District of New York, alleges that SolarWinds and Brown violated the antifraud provisions of the Securities Act of 1933 and of the Securities Exchange Act of 1934; SolarWinds violated reporting and internal controls provisions of the Exchange Act; and Brown aided and abetted the company's violations. The complaint seeks permanent injunctive relief, disgorgement with prejudgment interest, civil penalties, and an officer and director bar against Brown. Reference Link
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ORGS | Hot Stocks05:49 EDT Orgenesis withdraws proposed underwritten public offering - Orgenesis announced that it has withdrawn its previously announced proposed underwritten public offering of securities due to market conditions.
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MSFT SIEGY | Hot Stocks05:35 EDT Microsoft, Siemens deepen partnership on generative AI - Microsoft (MSFT) and Siemens (SIEGY) are deepening their partnership by bringing the benefits of generative AI to industries worldwide. As a first step, the companies are introducing Siemens Industrial Copilot, an AI-powered jointly developed assistant aimed at improving human-machine collaboration in manufacturing. In addition, the launch of the integration between Siemens Teamcenter software for product lifecycle management and Microsoft Teams will further pave the way to enabling the industrial metaverse. It will simplify virtual collaboration of design engineers, frontline workers, and other teams across business functions.
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STLA | Hot Stocks05:33 EDT Stellantis sees FY23 adjusted operating income margin double-digit - Sees FY23 industrial free cash flows positive.
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BHP | Hot Stocks05:23 EDT BHP Group approves C$6.4B investment for Stage 2 of Jansen potash project - BHP announced the approval of an investment of C$6.4B for Stage 2 of the Jansen potash project, doubling BHP's investment in potash as the company builds one of the world's largest potash mines, located approximately 140 kilometers east of Saskatoon, Saskatchewan. This follows BHP's approval of C$7.5B for stage one of the Jansen potash project in August 2021, and a pre-Jansen Stage 1 investment of C$4.9B. Jansen Stage 1 is 32% complete with anticipated first production planned for late calendar year 2026. Construction of Jansen Stage 2 is expected to take approximately six years with first production planned in FY2029 followed by a ramp up period of three years. Jansen Stage 2 is expected to double production capacity at Jansen to approximately 8.5M tons per annum, increasing Canada's production of this critical mineral and further supporting Canada's position as one of the world's top producers of potash. Longer term, Jansen has the potential for two additional expansions to reach an ultimate production capacity of 16 to 17 Mtpa. BHP is also pleased to continue to partner with the Governments of Canada and Saskatchewan on sustainability solutions and economic development priorities. BHP is pursuing carbon-neutral electricity at Jansen by 2035, an ambition that will require innovation and collaboration. Building on the C$100M Strategic Innovation Fund investment from the Government of Canada in June 2022, and a strong working relationship with the Government of Saskatchewan, the company looks forward to continued collaboration on these important areas.
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