Stockwinners Market Radar for November 06, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
WE | Hot Stocks21:21 EST WeWork files for Chapter 11 bankruptcy protection - WeWork "announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial stakeholders and has entered into a Restructuring Support Agreement with holders representing approximately 92% of its secured notes to drastically reduce the Company's existing funded debt and expedite the restructuring process. During this period, WeWork will further rationalize its commercial office lease portfolio while focusing on business continuity and delivering best-in-class services to its members, as global operations are expected to continue as usual. To successfully achieve its goals, WeWork Inc. and certain of its entities filed for protection under Chapter 11 of the U.S. Bankruptcy Code, and intend to file recognition proceedings in Canada under Part IV of the Companies' Creditors Arrangement Act. WeWork's locations outside of the U.S. and Canada are not part of this process. WeWork's franchisees around the world are similarly not affected by these proceedings."
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RXRX | Hot Stocks20:18 EST Cathie Wood's ARK Investment bought 221K shares of Recursion Pharmaceuticals
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DNA | Hot Stocks20:18 EST Cathie Wood's ARK Investment bought 473K shares of Ginkgo Bioworks today
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PACB | Hot Stocks20:17 EST Cathie Wood's ARK Investment bought 369K shares of PacBio today
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CP BLDP | Hot Stocks20:01 EST Ballard Power announces follow-on order for 2.4 MW of engines from CPKC - Ballard Power Systems (BLDP) announced it received an order for 2.4 MW of additional fuel cell engines from Canadian Pacific Kansas City (CP). "These twelve, 200 kW fuel cell engines are planned for delivery in 2023 and will support the development of CPKC's additional hydrogen-powered locomotives planned for regular switching and local freight service applications in Alberta. The additional locomotives will be partially funded through the Emissions Reduction Alberta program that helps the province deliver on its environmental and economic goals and will in turn support the decarbonization of rail transport by funding hydrogen production and refueling infrastructure along with hydrogen-powered locomotives. Over the past two years, Ballard has supplied CPKC with 38 fuel cell engines for use in its hydrogen locomotives, with combined fuel cell power of 7.6 MW. The additional locomotives are expected to enter service in late 2024," Ballard Power stated.
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BCE | Hot Stocks19:02 EST Bell to cut CapEx by over C$1B in 2024-2025 - Bell announced its intention to reduce capital expenditures by over C$1B in 2024-25, including a minimum of C$500M to C$600M in 2024, money the company had planned to invest in bringing high-speed fibre Internet to hundreds of thousands of additional homes and businesses in rural, suburban and urban communities. This reduction is in addition to Bell decreasing its 2023 capital expenditure budget by C$100M in anticipation of the CRTC decision to unrelentingly pursue wholesale access at the expense of critical network investment. Bell's fibre network is now available to over seven million homes and businesses. Prior to the CRTC's decision, Bell's near-term plan was to build high-speed fibre to nine million locations by the end of 2025. Bell will now re-consider pending builds in all communities where it had planned to expand, and will reduce its 2025 build target from nine million to 8.3M locations.
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FLT | Hot Stocks19:00 EST Fleetcor acquires PayByPhone, terms not disclosed - Fleetcor Technologies announced the acquisition of PayByPhone, a global provider of digital parking payment solutions. "We are delighted to announce the PayByPhone acquisition. Our acquisition was driven by two key strategic objectives. First, by providing our customers access to one of the world's leading parking apps, it helps expand the vehicle payment solutions we provide our B2B fleet customers in North America and Europe. Second, it will serve as an anchor app for the consumer vehicle payments business we are launching in the UK, where PayByPhone has over 2 million active monthly consumers. Our strategy is to deliver our existing payment products and networks through a single mobile app to PayByPhone's UK customers. This strategy has already been quite successful in Brazil, and we are excited about the opportunities in the UK, and ultimately, intend to expand the strategy into Europe and North America," said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc.
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COST | Hot Stocks18:53 EST Costco exec sells $2.51M in common stock - In a regulatory filing, Costco disclosed that its Senior EVP sold 4.5K shares of common stock on November 3rd in a total transaction size of $2.51M.
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STEP | Hot Stocks18:23 EST Stepstone Group names David Park CFO - StepStone Group announced that David Park has been appointed CFO, effective January 1, 2024. Park will be succeeding Johnny Randel, who has served as CFO since 2010, and is retiring at the end of the calendar year.
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HL | Hot Stocks18:22 EST Hecla Mining lowers 2023 silver output view to 14.4-14.8M oz from 14.5-15.5M oz - Backs 2024 silver output view at 17.5-18.5M oz and 2025 view at 18.5-20.0M oz.
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SYT | Hot Stocks18:22 EST Syla Technologies announces cash transaction business transfer from ietty - Syla Technologies announced it has entered into a definitive agreement for a cash transaction business transfer from ietty, a Japanese based real estate portal website management and rental brokerage business, effective November 1.
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CVNA | Hot Stocks18:21 EST Carvana CEO: We're on the right path and in a great spot - In an interview on CNBC's Mad Money, Ernie Garcia said "We're going to keep getting gains and look to grow again soon." About 18 months ago, Carvana turned its focus on profitability, he noted. It has cut SG&A significantly over that period. Currently, the company is testing same day delivery in a few markets. He expects car prices to come down over time.
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CWCO | Hot Stocks18:20 EST Consolidated Water acquires Ramey Environmental Compliance for $4.2M - Consolidated Water announced that its wholly-owned subsidiary, PERC Water Corporation, or PERC, has acquired a 100% ownership interest in Ramey Environmental Compliance, or REC, for a total consideration of $4.2M in cash.
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SNTI | Hot Stocks18:18 EST Senti Bio enters strategic development with Celest Therapeutics - Senti Bio announced a new strategic collaboration with Celest Therapeutics, a China-based biotechnology company, for the clinical development of SENTI-301A to treat solid tumors in China. Through this collaboration, Celest will lead clinical development, operations, and manufacturing for the advancement of SENTI-301A with technical support from Senti Bio. Celest plans to enroll patients initially through a pilot trial in mainland China and expects to enroll the first patient in the first half of 2024. Celest and Senti Bio have the option to expand clinical development of SENTI-301A to Hong Kong, Macau and Taiwan. Senti Bio will retain all commercialization rights outside of mainland China, Hong Kong, Macau, and Taiwan for SENTI-301A. Under the terms of the collaboration, Senti Bio will be eligible to receive up to $156M in certain milestone payments, in addition to potential tiered royalty payments. Other terms of the transaction were not disclosed. The planned dose finding trial will include nine patients with advanced glypican 3-expressing hepatocellular carcinoma across two dose cohorts. Endpoints will include safety assessments for adverse events and dose limiting toxicities, as well as efficacy analyses using standard response criteria for liver cancer.
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KTOS | Hot Stocks18:10 EST Kratos Defense awarded $579M Air Force contract - Kratos has been awarded a single-award, indefinite-delivery/indefinite-quantity contract with a ceiling value of $579M for the Command-and-Control System Consolidated, or CCS-C, Sustainment and Resiliency. This contract will sustain and provide post-production development for the current CCS-C system for telemetry, tracking and commanding of current and future military communication satellites. This award is the result of a competitive acquisition with one solicitation mailed and one offer received. No funds will be obligated on the basic contract. FY24 Space Force operations and maintenance funds in the amount of $6.28M will be obligated on a subsequent task and delivery order. Space Systems Command is the contracting activity.
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ATSG | Hot Stocks17:49 EST Air Transport Services names Joe Hete CEO - Air Transport Services Group announced that its Board of Directors has appointed Joe Hete, current Chairman of the Board and the company's former longtime Chief Executive Officer, as ATSG's CEO, effective immediately. Hete succeeds Rich Corrado, who is leaving his role as CEO of the company, effective immediately. Hete will continue as Chairman of the Board. Randy Rademacher, Lead Independent Director, said, "After careful consideration by the Board, we determined that Joe is the right leader to accelerate our strategy and capitalize on the long-term opportunities ahead. As Chairman for the past three years and having previously served as CEO of ATSG for 17 years, Joe has extensive knowledge of our business and its competitive position within the industry. He is uniquely qualified to step into this role to optimize our current performance and position ATSG for the future. Under Joe's leadership, we believe the Company will be well-positioned to continue building on its strong foundation, solidifying its market-leading position, and working to deliver meaningful value for our shareholders."
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THAR | Hot Stocks17:40 EST Tharimmune to execute licensing agreement with Avior for TH104 - Tharimmune (THAR) announces the execution of an exclusive worldwide licensing agreement with Avior to develop, market and commercialize a clinical-stage asset, AV104, to be renamed TH104. TH104 has a dual mechanism of action affecting receptors known to suppress chronic, debilitating pruritis or "uncontrollable itching". The Company intends to first seek approval in an orphan disease for the treatment of moderate-to-severe cholestatic pruritis in patients with primary biliary cholangitis, an orphan liver disease with no known cure in which more than 70% of patients suffer from debilitating symptoms. TH104 is embedded with the active pharmaceutical ingredient onto a proprietary transdermal buccal film which easily adheres to the inside of the mouth. This endows TH104 with key features making it an ideal product candidate for multiple liver-related and other pruritogenic inflammatory conditions. The active molecule has a dual mechanism of action affecting both the micro -opioid receptor and the kappa opioid receptor as well as inhibiting IL-17 inflammatory cytokine expression. These opioid receptors when stimulated and/or inhibited by the body's natural ligands have been known to be involved in the body's itch circuitry. Tharimmune believes TH104 may also be used for treating chronic pruritogenic conditions associated with cholestatic liver disease as well as other liver-related and non liver-related conditions including fatty and alcoholic diseases, non-alcoholic liver diseases and certain types of hepatitis. Chronic pruritis is significant in liver diseases as well as chronic kidney diseases, hemodialysis as well as atopic dermatitis.
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GATO | Hot Stocks17:35 EST Gatos Silver reports Q3 silver production of 2.2M oz, down 19% from last year - The company states: "Gatos Silver is increasing its full year 2023 guidance for silver production and silver equivalent production as a result of good operational performance in the first month of the fourth quarter and recent optimization of the mine plan. Silver production is now expected to be between 8.8 and 9.3 million ounces compared with original guidance of 7.4 to 8.2 million ounces. This represents an increase of 19% at the low end of the range and 13% at the high end. Silver equivalent production is now expected to be between 13.8 and 14.6 million ounces, compared with original guidance of 12.4 to 13.8 million silver equivalent ounces. This represents an increase of 11% at the low end of the range and 6% at the high end. Based on the revised mine plan sequencing at CLG, the Company expects full year zinc and gold production to be near the low end of the original guidance range of 57 to 63 million pounds and 5.4 to 6.2 thousand ounces respectively. Full year lead production is expected to be within the upper half of the original guidance range of 36 to 40 million pounds."
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BLDP | Hot Stocks17:32 EST Ballard Power announces orders for 62 hydrogen fuel cell engines - Ballard Power Systems announced multiple purchase orders totaling 62 hydrogen fuel cell engines from long-standing customer Solaris Bus & Coach, a leading European bus manufacturer deploying hydrogen-powered city buses across the continent. Ballard expects delivery of the majority of the fuel cell engines to occur in 2024. The hydrogen fuel cell engines will power buses in Germany and Poland. The number of engines ordered by Solaris year-to-date is now close to 350, representing substantial growth over the more than 140 fuel cell city buses that Solaris has deployed with customers in Europe to date.
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VLRS | Hot Stocks17:25 EST Volaris reports capacity increased 2.4% in October - The company said, "In October 2023, Volaris' capacity (measured in ASMs) increased by 2.4% year-over-year, while demand (measured in RPMs) increased by 2.2%; the result was a load factor decrease of 0.2 pp YoY to 89.5%. Volaris transported 2.7 million passengers during the month, a 2.4% decrease compared to October 2022. Demand (measured in RPMs) in the Mexican domestic market decreased by 5.2%, while demand increased by 20.1% in the international market."
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VFC | Hot Stocks17:25 EST Director of VF Corp. Shattock buys over $306K in company shares - Director of VF Corp Matthew Shattock purchased 20,000 shares of company stock at $15.31 per share on November 3 for a total transaction amount of $306,140.
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GOOG GOOGL | Hot Stocks17:14 EST Google's You Tube testing new experimental generative AI features - A You Tube blog posting, said in part: "In addition to the AI tools we recently shared that help make it easier to create on YouTube, we're testing two experiments that integrate generative AI into the YouTube viewing experience. Because these experiments are very small, you might not see them just yet! If you are a Premium member, you may be eligible to test these experiments at youtube.com/new. If you do try these experiments, let us know what you think by sending feedback. Here's more about the experiments: To help you easily understand and participate in comment conversations, we're experimenting with AI that organizes large comment sections of long-form videos into easily digestible themes. If you're part of this experiment, when you open the comment section on mobile, you'll see a new option to sort by Topics on some videos. Creators can use these comment summaries to more quickly jump into comment discussions on their videos, or to draw inspiration for new content based on what their audiences are discussing. If creators want to remove any comment topics, they can delete individual comments that show up under the specific topic. Also, topics are pulled from published comments only and cannot be created from comments that are held for review, contain blocked words or are from blocked users. This experiment is running on a small number of videos in English that have large comment sections. YouTube Premium members, starting later today, you can opt-in to test this out at youtube.com/new. Keep in mind anyone testing this feature out won't see it on every YouTube video." Reference Link
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ANCTF TTE | Hot Stocks17:06 EST Alimentation Couche-Tard receives EC decision not to oppose TotalEnergies pact - Alimentation Couche-Tard (ANCTF) announced that it has received a decision not to oppose from the European Commission for the acquisition of certain European retail assets from TotalEnergies (TTE), which was previously announced on March 16, 2023. The Corporation anticipates the completion of the acquisition to take place in December 2023. As previously announced on March 16, 2023, the acquisition comprises 100% of TotalEnergies retail assets in Germany and the Netherlands as well as a 60% controlling interest in the Belgium and Luxembourg entities. The transaction will be financed using available cash, existing credit facilities, US Commercial Paper Program, and a new term loan. "The decision by the European Commission is an important marker in the completion of this acquisition, and I want to thank all involved for their outstanding commitment in getting us to this stage. This game-changing transaction is on track to close by the end of December, and we are truly excited to welcome new team members and stores across these four European countries as we grow together to become the world's preferred destination for convenience and mobility," said Brian Hannasch, President, and CEO of Couche-Tard.
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GILD RCUS | Hot Stocks17:06 EST Gilead and Arcus Biosciences report results from EDGE-Gastric study - Gilead Sciences (GILD) and Arcus Biosciences (RCUS) announced that domvanalimab plus zimberelimab and chemotherapy showed encouraging overall response rate and six-month progression-free survival, or PFS, rate results in a preliminary analysis from Arm A1 of the EDGE-Gastric study. This ongoing Phase 2, multi-arm, global study is evaluating the safety and efficacy of various combinations of the Fc-silent anti-TIGIT antibody domvanalimab plus the anti-PD-1 antibody zimberelimab and chemotherapy in patients with locally advanced unresectable or metastatic gastric, gastroesophageal junction or esophageal adenocarcinoma. These results will be presented tomorrow during the American Society of Clinical Oncology, or ASCO, Monthly Plenary Series, a virtual forum for presentation and discussion of the latest cancer research. At data cutoff, September 4, 2023, 41 patients were enrolled and treated with a median follow-up of 8.1 months; 24 patients, or 59%, remained on study treatment at time of data cutoff. Median time on treatment was 33 weeks. The domvanalimab-containing regimen showed an objective response rate (ORR) of 80% in patients with PD-L1-high tumors, 46% in patients with PD-L1-low tumors (TAP less than5%) and 59% for patients overall. There were two confirmed complete responses. Six-month landmark PFS rate was 93% for patients with PD-L1-high tumors, 68% for patients with PD-L1-low tumors and 77% for patients overall. Median PFS was not reached and mature PFS data are expected in the second half of next year.
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GV | Hot Stocks17:00 EST Visionary Education terminates Charlie Penn's employment as COO - Visionary Education Technology Holdings Group announced in connection with the restructuring, Visionary Education Technology Holdings Group Inc. terminated Charlie Penn's employment as the Chief Operating Officer of the company on October 31, 2023.
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TRIP | Hot Stocks17:00 EST TripAdvisor jumps 11% to $17.95 after Q3 results beat estimates
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MEIP | Hot Stocks16:59 EST MEI Pharma declares special cash dividend of $1.75 per share - MEI Pharma announced that pursuant to the previously disclosed cooperation agreement with Anson Funds and Cable Car Capital, the Company's Board of Directors declared a special cash dividend of $1.75 per share of common stock, $0.00000002 par value, payable on December 6 to stockholders of record at the close of business on November 17. The Company expects 100% of the special dividend to be characterized for tax purposes as return of capital to shareholders.
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BKD | Hot Stocks16:53 EST Brookdale Senior Living sees FY23 non-development CapEx $195M - The company said, "In the aggregate, the Company expects its FY23 non-development capital expenditures, net of anticipated lessor reimbursements, to be approximately $195.0M, excluding reimbursable remediation costs at the Company's communities resulting from 2022 natural disasters. The Company anticipates an additional approximately $28.0M in reimbursable remediation costs at the Company's communities resulting from 2022 natural disasters, and such costs are expected to be reimbursed from the Company's property and casualty insurance policies in 2023 or 2024."
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HHRS | Hot Stocks16:50 EST HHRS Stock trading resumes
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NEP KMI | Hot Stocks16:48 EST NextEra to sell Texas natural gas pipeline portfolio for $1.815B to Kinder - NextEra Energy Partners (NEP) announced that it has entered into a definitive agreement with Kinder Morgan (KMI) to sell its Texas natural gas pipeline portfolio for $1.815B. Under the agreement with Kinder Morgan, NextEra Energy Partners plans to sell its Texas natural gas pipeline portfolio for a purchase price of $1.815B. The closing of the sale, which is planned to occur in the first half of 2024, is subject to receipt of Hart-Scott-Rodino anti-trust approval, the effectiveness of certain contract amendments and customary closing conditions. The Texas natural gas pipeline portfolio is primarily comprised of seven pipelines which provide natural gas to Mexico and power producers and municipalities in South Texas. The total 2023 calendar-year adjusted EBITDA for the Texas natural gas pipeline portfolio is expected to be approximately $181M, with roughly 70% associated with the transmission portion of the portfolio and the remaining 30% associated with the midstream pipelines. The sale price represents an approximate 10 times multiple on the estimated calendar-year 2023 adjusted EBITDA. Upon closing of the Texas natural gas pipeline portfolio sale, NextEra Energy Partners intends to use the net proceeds from the sale to: Pay off the outstanding Texas pipeline portfolio's project-related debt and associated interest rate swaps of approximately $425M; complete the $1.1B buyout remaining under the NEP Renewables II CEPF by June 2025; and use the remaining proceeds to pay down a portion of the outstanding corporate revolver. From a base of its Q2 distribution per common unit at an annualized rate of $3.42, NextEra Energy Partners continues to see 5%- 8% growth per year in limited partner distributions per unit, with a current target of 6% growth per year, as being a reasonable range of expectations through at least 2026. For FY23, the partnership expects the annualized rate of the Q4 distribution that is payable in February of 2024 to be $3.52 per common unit. Assuming successful closing of the pipeline transaction, the partnership does not expect to require growth equity until 2027. The partnership expects its payout ratio to be in the mid-90s through 2026. NextEra Energy Partners does not expect to need an acquisition in 2024 to meet the 6% growth in distribution per unit target.
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CRGY | Hot Stocks16:46 EST Crescent Energy affirms FY23 production and capex outlook - The company states: "Crescent re-affirmed its full-year 2023 outlook for production at 146-151 Mboe/d and capital expenditures at $580M-$630M, which was previously updated in September 2023, despite incremental activity being pulled forward into 2023. Guidance reflects improved capital efficiencies through higher expected production and lower planned capital investments relative to initial guidance."
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KMI | Hot Stocks16:43 EST Kinder Morgan to buy NextEra Energy Partner's STX Midstream for $1.8B - Kinder Morgan "announced that it has agreed to acquire NextEra Energy Partner's South Texas assets, STX Midstream, for $1.815 billion. The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets. STX Midstream includes a 90% interest in the NET Mexico pipeline; MGI Enterprises, a PEMEX affiliate, owns the other 10%. STX Midstream owns and operates Eagle Ford Midstream, a 158-mile residue line connecting the Eagle Ford basin to the Agua Dulce Hub in Nueces County, Texas. Eagle Ford Midstream is connected to multiple pipeline systems, including KMI's Tennessee Gas Pipeline, Kinder Morgan Tejas Pipeline and Natural Gas Pipeline Company of America. STX Midstream also owns a 50% interest in Dos Caminos LLC, which is operated by, and the other 50% interest owned by, Howard Energy Partners. Dos Caminos has placed in service a 62-mile pipeline that connects HEP's existing midstream pipeline and facilities in Webb County, Texas to KMI's new Eagle Ford pipeline, which was recently placed in service. The portfolio of assets is highly contracted, with an average contract length over 8 years. Approximately 75% of the business is supported by take-or-pay contracts."
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GT | Hot Stocks16:42 EST Goodyear Tire reports Q3 tire unit volume of 45.3M units, down 2.8% y/y
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ASR | Hot Stocks16:37 EST Asur reports October total passenger traffic down 0.4% y/y - Asur announced that passenger traffic for October 2023 reached a total of 5.4M passengers, representing a decrease of 0.4% compared to October 2022. Passenger traffic increased year-on-year by 4.1% in Mexico and 16.8% in Puerto Rico 16.8%, while traffic in Colombia declined 18.8%. Passenger traffic growth in Mexico and Puerto Rico was mainly driven by domestic traffic of 8.6% and 14.5%, respectively, while international traffic increased 40.0% in Puerto Rico and declined 1.2% in Mexico. Passenger traffic in Colombia was negatively affected by the suspension of operations of two local airlines since the beginning of 2023.
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SAND | Hot Stocks16:36 EST Sandstorm Gold sees FY23 production 125,000 attributable gold equivalent ounces - The company said, "Based on the Company's existing streams and royalties, attributable gold equivalent ounces for 2023 are forecasted to be between 90,000 and 100,000 ounces. The Company's production forecast is expected to reach approximately 125,000 attributable gold equivalent ounces within the next five years, with a sustainable average annual production of approximately 110,000 attributable gold equivalent ounces over the next 15 years."
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ITIC | Hot Stocks16:34 EST Investors Title Company declares $4.00 per share special dividend - Investors Title Company announced that the Company's Board of Directors declared a special cash dividend of $4.00 per share to shareholders of record on December 1, 2023, payable December 15, 2023.
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TRGP | Hot Stocks16:32 EST Targa Resources CCO Muraro sells 10,000 common shares - In a regulatory filing, Targa Resources chief commercial officer Robert Muraro disclosed the sale of 10,000 common shares of the company on November 2 at a price of $90.0323 per share.
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VTYX | Hot Stocks16:30 EST Ventyx Biosciences trading resumes
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CPG HHRS | Hot Stocks16:23 EST Crescent Point to acquire Hammerhead Energy for C$21 per share - Hammerhead (HHRS) announced that it had entered into a definitive arrangement agreement with Crescent Point Energy Corp. (CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead for total consideration of C$21.00 per Hammerhead Share. The proposed transaction is to be completed by way of a plan of arrangement under the Business Corporations Act and is expected to close in late December. Pursuant to the Transaction, each Hammerhead Share will be exchanged for C$15.50 of cash consideration and C$5.50 in value in the form of common shares of Crescent Point, based on the offering price of the concurrent equity offering announced by Crescent Point. Hammerhead will seek approval of the transaction by its shareholders at a special meeting expected to be held in late December. The Transaction is also subject to customary closing conditions, including receipt of court approval, Hammerhead shareholder approval at the meeting and customary regulatory and stock exchange approvals, including under the Competition Act. Upon closing of the transaction, the Hammerhead Shares will be de-listed from the TSX and NASDAQ.
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CE | Hot Stocks16:20 EST Celanese names Scott Richardson COO, Chuck Kyrish CFO - Celanese Corporation announced a series of new leadership appointments across its Executive Leadership Team. Scott Richardson has been named Executive Vice President and Chief Operating Officer (COO), effective November 8, 2023, with responsibility for Engineered Materials, the Acetyl Chain, manufacturing, supply chain, and procurement. Chuck Kyrish will join the ELT and has been named Senior Vice President and Chief Financial Officer, effective November 8, 2023. Chuck is currently serving as Vice President of Corporate Finance with responsibility for accounting, treasury, internal audit, and tax. Anne (Lynne) Puckett will step down from her role Senior Vice President and General Counsel and will serve in a transition role through early 2024 after which she will depart after 5 years with Celanese. All other members of the Celanese ELT will maintain their current roles. In addition to supporting Scott in enhancing the earnings growth of the businesses, Lori Ryerkerk, Chairman and Chief Executive Officer, will have direct leadership for strategy, M&A, finance, legal, HR, and IT.
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HHRS | Hot Stocks16:14 EST HHRS Stock trading halted, news pending
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FTEK | Hot Stocks16:14 EST Fuel Tech awarded air pollution control orders totaling $2.6M - Fuel Tech "announced the receipt of multiple air pollution control contracts from new and existing customers in the US and South Africa. These awards support projects serving various end markets and have an aggregate value of approximately $2.6 million. An order was received from an existing customer in the US for two ULTRA(R) systems to be installed on natural gas-fired package boilers at a university in the Southwest. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent where Selective Catalytic Reduction (SCR) is used to reduce NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. A second ULTRA contract from this same customer is for a gas-fired package boiler which can be used at multiple customer locations. Respective deliveries are due to be completed in the first and second quarters of 2024."
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VTYX | Hot Stocks16:13 EST Ventyx to terminate ongoing Phase 2 trial of VTX958 in psoriatic arthritis - Ventyx Biosciences, announced results from the Phase 2 trial of VTX958 in patients with moderate to severe plaque psoriasis and provided a corporate update. "While the Phase 2 trial of VTX958 in plaque psoriasis met the primary and key secondary endpoints, we are disappointed by the magnitude of efficacy observed, despite having achieved target levels of drug exposure in the trial," said Raju Mohan, Ph.D., Founder and Chief Executive Officer. "Although these results do not support further development of VTX958 in the highly competitive psoriasis and psoriatic arthritis indications, I want to thank the patients and investigators for their participation. I would also like to thank the Ventyx team for their diligence and dedication in executing these trials." The Phase 2 SERENITY trial of VTX958 was a 16-week, randomized, double-blind, placebo-controlled, dose-ranging trial evaluating the efficacy and safety of four oral doses of VTX958 in patients with moderate to severe plaque psoriasis. The primary endpoint was the proportion of participants achieving a 75% reduction in the Psoriasis Area and Severity Index at Week 16. Both high doses of VTX958 achieved statistical significance on the primary endpoint and all key secondary endpoints at Week 16. No drug-related serious adverse events were observed. Although the trial achieved its primary endpoint, the magnitude of efficacy observed did not meet our internal target to support advancement of VTX958 in plaque psoriasis. Accordingly, we will terminate ongoing activities in the Phase 2 plaque psoriasis trial effective immediately. Based on these results, we have also elected to terminate the ongoing Phase 2 trial of VTX958 in psoriatic arthritis. The ongoing Phase 2 trial of VTX958 in Crohn's disease will continue to enroll and we intend to conduct an interim efficacy analysis in the first quarter of 2024.
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LCID TSLA | Hot Stocks16:12 EST Lucid Group to adopt North American Charging Standard in 2025 - Lucid Group (LCID) announced that all Lucid vehicles built with the current Combined Charging System will be able to charge at stations in the Tesla (TSLA) Supercharger network by using an adapter in 2025. In addition, Lucid will integrate the North American Charging Standard into future vehicles in 2025. "Adopting NACS is an important next step to providing our customers with expanded access to reliable and convenient charging solutions for their Lucid vehicles," said Peter Rawlinson, CEO and CTO at Lucid. "We believe that a unified charging standard, backed by the nationwide rollout of future-ready higher-voltage charging stations, will be a critical step in empowering American consumers to adopt electric vehicles."
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MMS | Hot Stocks16:11 EST Maximus announces divestiture in Outside the U.S. Segment - Maximus "announced it completed the divestiture of employment services operations in Italy, Singapore, and Canada. The purchaser, Angus Knight, is a global provider of employment, community, and education services. With the transaction, over 250 employees are joining Angus Knight to enable a seamless transition of operations for the respective government customers. The combined annual revenue run-rate for the three entities under Maximus was approximately $30 million."
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COMP | Hot Stocks16:10 EST Compass sees FY23 Non-GAAP Operating expense $850M-$950M
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HIMS | Hot Stocks16:10 EST Hims & Hers announces $50M share buyback - Hims & Hers Health announced that its Board of Directors has authorized a share repurchase program of up to $50 million of outstanding Class A common stock over the next two years. Hims & Hers intends to use the program to repurchase shares on a discretionary basis from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means, including through 10b5-1 trading plans. This repurchase program may be commenced, suspended or discontinued at any time.
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MCB | Hot Stocks16:09 EST Metropolitan Bank names Daniel Dougherty CFO - Metropolitan Bank Holding Corp. announced the promotion of Daniel F. Dougherty, CFA, to Executive Vice President and Chief Financial Officer, effective November 6, 2023. Mr. Dougherty assumes this role following the resignation of Greg Sigrist on October 31, 2023. He will report directly to Mark R. DeFazio, President and Chief Executive Officer. In his new capacity, Mr. Dougherty will oversee treasury, investor relations, tax, capital planning, accounting, and financial reporting. Mr. Dougherty joined Metropolitan Commercial Bank in July 2022 as First Vice President and Treasurer, bringing a distinguished 25-year banking career with significant roles at local and national banks. His prior positions include Executive Vice President and Treasurer at Investors Bank, Senior Vice President and Treasurer at Astoria Bank, Senior Vice President and Assistant Treasurer at Israel Discount Bank of New York, and Portfolio Manager positions at North Fork Bancorporation and GreenPoint Financial Corp.
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DRS | Hot Stocks16:09 EST Leonardo DRS awarded production order of over $134M - Leonardo DRS "announced that it has received an order for continued production of its next-generation thermal weapon sights for the U.S. Army. The recently awarded production order for more than $134 million was made under the Family of Weapon Sights - Individual IDIQ contract."
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HHH | Hot Stocks16:07 EST Howard Hughes sees FY23 MPC EBT up 10%-20% from last year - FY23 MPC EBT, which was revised in the prior quarter to be flat to down 10% year-over-year, has continued to benefit from increased sales of new homes in Bridgeland, Summerlin, and The Woodlands Hills year-to-date. With low inventories of new homes and vacant lots, homebuilder interest in new acreage continues to strengthen, and the Company expects material land sales during the fourth quarter. As a result, 2023 MPC EBT is now expected to be up 10% to 20% year-over-year, with a mid-point of approximately $325 million. This represents a $125M improvement at the mid-point compared to the initial full-year guidance issued in early 2023. Operating Assets NOI, previously projected up 1%-4% year-over-year, has benefited from strong multi-family rent growth and lease-up at new developments in Bridgeland, Downtown Columbia, and Summerlin which encompass nearly 1,400 units. The office portfolio has also delivered solid financial performance year-to-date, benefiting from expiring abatements; however, strong leasing momentum in recent quarters is not expected to have a material impact on 2023 results due to free-rent periods on many of the new leases. Overall, excluding the $3.4M contribution from divested retail assets in the prior year, Operating Assets NOI is now expected to be in a range of up 2% to 4% year-over-year, with a mid-point of approximately $243M. This represents a $7M improvement at the mid-point compared to the initial full-year guidance issued in early 2023. Condo sales revenues, which were previously projected to range $40M-$45M with gross margins between 10%-13%, are now expected to be $47M-$48M with gross margins of 13% to 14%. 2023 condo sales revenues and gross margins are entirely driven by the closing of remaining units at 'A'ali'i and Kundefined'ula, which were 100% and 99.8% sold, respectively, as of September 30. The final unit at Kundefined'ula closed in the fourth quarter. Despite lower margins on these remaining units in the current year, overall gross margins for 'A'ali'i and Kundefined'ula remained in a range of 25%-30%. The next major condo project scheduled to be completed is Victoria Place, which is expected to be delivered in 2024 and is 100% pre-sold. Cash G&A guidance is unchanged and is projected to range between $80M-$85M, which excludes anticipated non-cash stock compensation of approximately $5M.
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VRTX | Hot Stocks16:03 EST Vertex raises FY23 CF product revenue view to about $9.85B - Previous view $9.7B-$9.8B.
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NVO | Hot Stocks16:01 EST Novo Nordisk initiates new share repurchase program of up to DKK 4.1B - The execution of Novo Nordisk A/S' overall share repurchase program for 2023 of DKK 30B continues. As part of this, Novo Nordisk A/S has now initiated a new share repurchase program of up to DKK 4.1B in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council, the company stated. The purpose of the program is to reduce the company's share capital and to meet obligations arising from share-based incentive programs. B shares of DKK 0.10 will be repurchased during the trading period starting November 7, 2023 and ending on January 29, 2024. A maximum of 350,000,000 B shares of DKK 0.10 in total can be bought during the trading period.
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ABCM DHR | Hot Stocks16:01 EST Abcam shareholders approve proposed acquisition by Danaher - Abcam plc (ABCM), a global leader in the supply of life science research tools, which entered into a definitive agreement on August 26, 2023 relating to its proposed acquisition by Danaher Corporation (DHR), announced that its shareholders have approved the proposal for Danaher to acquire all of the outstanding shares of Abcam for $24.00 per share in cash. "On behalf of Abcam's Board of Directors, I would like to thank all our shareholders for their support for the Transaction," said Peter Allen, Chairman of the Board. "With this approval, we are focused on moving swiftly toward transaction close and ensuring a successful transition to deliver maximum value to our shareholders, employees, and customers."
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VTYX | Hot Stocks16:00 EST Ventyx Biosciences trading halted, news pending
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WE | Hot Stocks15:06 EST WeWork co-founder Neumann says 'anticipated bankruptcy filing is disappointing' - The following statement was issued from WeWork co-founder Adam Neumann: "As the co-founder of WeWork who spent a decade building the business with an amazing team of mission-driven people, the company's anticipated bankruptcy filing is disappointing. It has been challenging for me to watch from the sidelines since 2019 as WeWork has failed to take advantage of a product that is more relevant today than ever before. I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."
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AURA | Hot Stocks15:03 EST Aura Biosciences reports agreement from FDA under SPA for CoMpass trial - Aura Biosciences announced it has received agreement from the U.S. Food and Drug Administration under a Special Protocol Assessment, or SPA, for the design and planned analysis of CoMpass, the company's global Phase 3 clinical trial of bel-sar for the first-line treatment of adult patients with early-stage choroidal melanoma, or CM. The company also announced the presentation of positive Phase 2 safety and efficacy data of bel-sar with 90% of patients at twelve months of follow-up evaluating two key clinical endpoints: tumor control and visual acuity preservation using suprachoroidal route of administration for the first-line treatment of adult patients with early-stage CM. The results were presented at the American Academy of Ophthalmology, or AAO, 2023 Annual Meeting in San Francisco, California. "This written agreement from the FDA is consistent with our regulatory strategy and reaffirms that the design and planned analysis of the CoMpass Phase 3 clinical trial, if successful, adequately address the objectives necessary to support a biologics license application submission for bel-sar for the treatment of early-stage CM. We are excited with the momentum in the ocular oncology community to participate in what would be the first ever registration-enabling clinical trial for early-stage CM," said Dr. Jill Hopkins, Chief Medical Officer and President of R&D of Aura Biosciences. Aura added: "The company received written agreement from the FDA under an SPA for the design and planned analysis of the Global Phase 3 CoMpass trial indicating concurrence by the FDA with the adequacy of the study, if successful, to address the objectives necessary to support the company's planned biologics license application submission. The Phase 3 trial is designed as a superiority trial comparing bel-sar versus sham. The trial is a global, multi-center, masked study, and it is intended to enroll approximately 100 patients randomized 2:1:2 to receive high dose regimen of bel-sar with SC administration, low dose regimen of bel-sar with SC administration, or a sham control. The primary endpoint is time to tumor progression, and the first key secondary endpoint is a composite time to event analysis that will compare the tumor control and visual acuity of the bel-sar high dose regimen to sham when the last patient completes their 15 months of follow up. The trial is powered at greater than 90%. The company is on track to dose the first patient in Q4 2023."
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CPPKF | Hot Stocks14:50 EST Faraday Copper sees need to raise additional funding to finance operations - The company said earlier along with its Q3 report: "The Company will need to raise additional funding to finance its day-to-day operations and to enable the Company to achieve its long-term business objectives. On February 14, 2023, the Company completed an equity-based financing for net proceeds of $38,437,854 to fund its operations. The Company will require additional financing either through equity or debt financing, sale of assets, joint venture arrangements, or a combination thereof to meet its administrative costs and to continue to explore and develop its resource properties." A company spokesperson added: "The company is well-funded with nearly CAD$20 million in cash and cash equivalents, sufficient to deliver on its milestones over the next twelve months."
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AOS | Hot Stocks13:43 EST A.O. Smith targets adjusted EPS CAGR of 7%-9% in 2024-2028 - A.O. Smith targets adjusted EPS compound annual growth rate, or CAGR, of 7%-9% in 2024-2028 and targets annual revenue growth of 5%-6% over that timeframe. Guidance from slide presentation for the 2023 Investor Day scheduled on November 6. Reference Link
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LYEL | Hot Stocks12:56 EST Lyell Immunopharma treatment of Stage IIB-IV melanoma granted orphan status - Lyell Immunopharma's treatment of Stage IIB-IV melanoma was granted FDA orphan status, according to a post to the agency's website. Reference Link
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TGLS | Hot Stocks12:00 EST Tecnoglass falls -10.7% - Tecnoglass is down -10.7%, or -$3.67 to $30.59.
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SPHR | Hot Stocks12:00 EST Sphere Entertainment falls -12.8% - Sphere Entertainment is down -12.8%, or -$4.67 to $31.82.
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VVX | Hot Stocks12:00 EST V2X falls -12.9% - V2X is down -12.9%, or -$6.66 to $44.78.
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CANO | Hot Stocks12:00 EST Cano Health rises 14.1% - Cano Health is up 14.1%, or $1.44 to $11.65.
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PKX | Hot Stocks12:00 EST Posco rises 15.9% - Posco is up 15.9%, or $13.23 to $96.67.
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BVH | Hot Stocks12:00 EST Bluegreen Vacations rises 105.8% - Bluegreen Vacations is up 105.8%, or $37.58 to $73.10.
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NVOS | Hot Stocks11:46 EST Novo Integrated Sciences announces 1-for-10 reverse stock split - Novo Integrated Sciences announced that the Company will undertake a reverse stock split of its common stock at a ratio of 1-for-10. The Reverse Stock Split is expected to become effective immediately after the close of trading on the Nasdaq Capital Market on November 6, 2023 and the Company's common stock is expected to begin trading on Nasdaq on a Reverse Stock Split-adjusted basis on November 7, 2023, under the new CUSIP number, 67011T300.
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MSFT | Hot Stocks11:45 EST Microsoft, Inworld AI partner over generative AI for video game dialogue - Microsoft's Xbox business announced a multi-year partnerhsip with Inworld AI, an M12-portfolio company, to build AI video game dialogue and narrative tools at scale. This partnership will bring together Inworld's expertise in working with generative AI models for character development, Microsoft's cutting-edge cloud-based AI solutions including Azure OpenAI Service, Microsoft Research's technical insights into the future of play, and Team Xbox's strengths in revolutionizing accessible and responsible creator tools for all developers, the company said. "Together, we aim to deliver an accessible, responsibly designed multi-platform AI toolset to assist and empower creators in dialogue, story & quest design," said Haiyan Zhang, general manger of gaming AI at Xbox. Reference Link
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UPS | Hot Stocks11:40 EST Quad-C closes sale of investment in MNX to UPS - Quad-C Management has closed the sale of its investment in MNX Global Logistics to UPS. MNX specializes in time-critical life sciences, medical device and healthcare shipments, as well as mission-critical parts for grounded aircraft and just-in-time industrial and automotive supply chains, and has a network of forward stocking locations to ensure rapid delivery of customer inventory.
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RILY | Hot Stocks11:38 EST B. Riley Financial down 7% following recent Moody's downgrade of Franchise Group - Last week, Moody's Investors Service downgraded Franchise Group, Inc.'s corporate family rating to B3 from B2, its probability of default rating to B3-PD from B2-PD and its senior secured second lien term loan rating to Caa2 from Caa1. The downgrade reflects governance considerations, including Franchise Group's increased debt and leverage resulting from the August 21, 2023 completion of its acquisition by a consortium led by management in partnership with B. Riley Financial and Irradiant Partners, the ratings agency stated. The company's rating incorporates governance factors, including "aggressive financial policies resulting in high financial leverage and weak interest coverage driven by the acquisition of the company along with past acquisitive growth, dividends and share repurchases despite having weak free cash flow," the agency added. In Monday morning trading, shares of B. Riley Financial are down $2.97, or 7%, to $38.59. Reference Link
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AAON | Hot Stocks11:08 EST AAON appoints Matt Tobloski as president, COO - AAON announced that its Board of Directors has appointed Matt Tobolski to the role of AAON President and COO. Gary Fields, the Company's President, CEO and Director, will continue to serve as CEO and a member of the Board of Directors. Matt joined AAON in December 2021 following the acquisition of BASX, where he currently serves as President and Co-Founder. In this new role, Matt will lead AAON's operations, engineering, sales, marketing, and administration teams overseeing approximately 3,800 employees across the organization. He will continue to build upon AAON's decades of innovation, manufacturing prowess and customer-focused mindset while leveraging the talents and manufacturing capacity that exist across the entire AAON organization. Additional alignment of the executive leadership team will occur to leverage resources and organizational efficiencies with globally focused roles and collaborative site leadership. Dave Benson is appointed AAON Vice President and President of BASX, where he currently serves as Co-Founder and Chairman. Dave will take over Matt's responsibilities at BASX and provide site leadership in Redmond, Oregon. Stephen Wakefield will assume the role of AAON Vice President and Executive Vice President of AAON Oklahoma continuing with many of the same job responsibilities and providing site leadership for the Oklahoma and Missouri locations. Doug Wichman will continue in his role as AAON Vice President and President of AAON Coil Products providing site leadership for the Texas facility. Alignment and addition of globally focused roles will occur to leverage the skills and talents across the organization and continue to drive our One AAON culture. Rob Teis is changing roles to Vice President of Business Technology to provide critical leadership as AAON continues evolving systems and processes across the organization. Previously, Rob was Vice President of Sales and Marketing. Andrew Edmondson will be promoted to AAON Executive Director of Sales and Marketing, taking over most of Rob's prior duties. Larry Honel will be promoted to Executive Director of Global Operations and Whitney Wakefield will be promoted to Executive Director of Production Controls. All changes in this announcement are effective January 1, 2024.
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FONR | Hot Stocks11:03 EST FONAR, AIRS Medical enter strategic partnership agreement - AIRS Medical announced a strategic partnership with FONAR Corporation. Through this partnership with FONAR, AIRS Medical has expanded the application of SwiftMR beyond 1.5T and 3.0T MRIs to include lower-field MRI scanners, securing access to an expanded market segment.
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FRLN | Hot Stocks10:13 EST Freeline Therapeutics Holdings PLC (ADR) trading resumes
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H | Hot Stocks10:03 EST Hyatt, Parks Hospitality Holdings collaborate on properties in Mexico - Hyatt Hotels Corporation and Parks Hospitality Holdings have announced a highly anticipated collaboration to expand Hyatt's brand footprint in Mexico with the development of four new properties across key destinations in Mexico, including Mexico City, Los Cabos, and Cancun. The new properties are expected to open starting 2024 and will include two Grand Hyatt hotels, a new select-service offering near the Cancun International Airport, and the debut of the Park Hyatt brand in Cancun.
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FRLN | Hot Stocks10:03 EST Freeline Therapeutics Holdings PLC (ADR) trading halted, volatility trading pause
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TGLS | Hot Stocks10:00 EST Tecnoglass falls -9.8% - Tecnoglass is down -9.8%, or -$3.36 to $30.90.
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GOL | Hot Stocks10:00 EST Gol Linhas falls -12.2% - Gol Linhas is down -12.2%, or -43c to $3.13.
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STG | Hot Stocks10:00 EST Sunlands Online falls -13.6% - Sunlands Online is down -13.6%, or -81c to $5.16.
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WHG | Hot Stocks10:00 EST Westwood Holdings Group rises 10.4% - Westwood Holdings Group is up 10.4%, or $1.13 to $12.04.
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PKX | Hot Stocks10:00 EST Posco rises 16.6% - Posco is up 16.6%, or $13.81 to $97.25.
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BVH | Hot Stocks10:00 EST Bluegreen Vacations rises 105.7% - Bluegreen Vacations is up 105.7%, or $37.55 to $73.07.
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SPHR | Hot Stocks09:47 EST Sphere Entertainment falls -7.2% - Sphere Entertainment is down -7.2%, or -$2.63 to $33.86.
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STG | Hot Stocks09:47 EST Sunlands Online falls -13.6% - Sunlands Online is down -13.6%, or -81c to $5.16.
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TGLS | Hot Stocks09:47 EST Tecnoglass falls -17.3% - Tecnoglass is down -17.3%, or -$5.91 to $28.35.
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TSE | Hot Stocks09:47 EST Trinseo rises 12.4% - Trinseo is up 12.4%, or 82c to $7.45.
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PKX | Hot Stocks09:47 EST Posco rises 16.0% - Posco is up 16.0%, or $13.35 to $96.79.
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BVH | Hot Stocks09:47 EST Bluegreen Vacations rises 105.5% - Bluegreen Vacations is up 105.5%, or $37.48 to $73.00.
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APD XOM | Hot Stocks09:42 EST Air Products to build Europe's largest blue hydrogen plant - Air Products (APD) will build, own and operate a state-of-the-art carbon capture and carbon dioxid treatment facility at its existing hydrogen production plant in Rotterdam, the Netherlands. The facility is expected to be on-stream in 2026, and the resulting "blue" hydrogen product to serve ExxonMobil's (XOM) Rotterdam refinery and additional customers via Air Products' hydrogen pipeline network system. This will be the largest blue hydrogen plant in Europe once operational. The carbon capture retrofit will capture CO2 from Air Products' existing hydrogen plant and ExxonMobil's Rotterdam refinery. The plant will be connected to the Porthos system, a consortium developing the first large-scale CO2 transport and storage system in the Netherlands which recently reached final investment decision approval. Along with CO2 from other industry in the port of Rotterdam, the captured CO2 will be transported to depleted gas fields in the North Sea, approximately 20 kilometers off the coast, where it will be permanently stored at a depth of more than three kilometers beneath the seabed. Porthos allows Air Products to more than halve its CO2 emissions in the port of Rotterdam. This represents a substantial step for reducing Air Products' direct emissions in the short term and contributes to meeting the Dutch National Climate Agreement targets. At the same time, Air Products is working hard to further decarbonise its own activities and those of its customers by realising plans to make green hydrogen available from imported renewable energy in the port of Rotterdam. The project is being undertaken as part of long-term agreements with ExxonMobil and the Dutch State. Blue hydrogen from Air Products' hydrogen production plant will help customers in industry and mobility transition, whilst also creating and retaining jobs in an important industrial area.
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AIRE | Hot Stocks09:38 EST reAlpha Tech Corp trading resumes
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GTBP | Hot Stocks09:33 EST GT Biopharma presents preclinical data for GTB-5550 for targeted prostate cancer - GT Biopharma announced positive preclinical data in highlighting GTB-5550's potential in prostate cancer. Martin Felices, PhD, Associate Professor of Medicine at the University of Minnesota, presented these data on Saturday, November 4th at the Society for Immunotherapy of Cancer Annual Meeting 2023, which is being held in San Diego, California November 1-5. Natural killer cells are being increasingly explored in clinical trials due to their safety profile and ability to mediate tumor killing without prior priming. However, lack of antigen-specific targeting, decreased numbers, and suppressive signals from the tumor microenvironment of Prostate Cancer, can negatively impact NK cell efficacy. GTB-5550 was specifically designed as a novel tri-specific killer engager molecule with three components: an arm that engages with CD16, an activating receptor of NK cells, an arm that binds to tumor antigens expressed in prostate cancer (PSMA or B7H3), and an interleukin-15 moiety that is essential for NK cell survival, proliferation, priming and motility. Key findings demonstrated that normal donor and prostate cancer patient NK cells displayed better, specific, degranulation against prostate cancer cell lines in the presence of PSMA or B7H3 TriKEs. NK cell cytotoxicity was also improved, even in the presence of enzalutamide resistant lines, hypoxia, or MDSCs. The TriKE molecules displayed improved tumor control, compared to IL-15 control or no treatment, in xenogeneic models of prostate cancer.
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HOLI | Hot Stocks09:33 EST Liang Meng, Ascendent Capital propose $26 per share offer to acquire Hollysys - On November 6, Liang Meng, Ascendent Capital and Advanced Technology submitted a letter to the special committee of the board of directors of Hollysys and expressed their intention to actively pursue an acquisition of the company. The group have proposed a non-binding, all-cash offer of $26 per share, which values the company at approximately $1.61B. "The reporting persons may also acquire additional ordinary shares through open market purchases and private agreements. The reporting persons support the efforts by other shareholders to cause a special meeting of the shareholders to be held. The reporting persons request that the special meeting be held no later than December 1, 2023," according to a regulatory filing. Reference Link
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AIRE | Hot Stocks09:33 EST reAlpha Tech Corp trading halted, volatility trading pause
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CRKN | Hot Stocks09:31 EST Crown Electrokinetics executes master services agreement with Arizona customer - Crown Electrokinetics announced it has executed a Master Services Agreement for micro-trenching with its second customer in Arizona, one of the largest fiber optics companies in the United States. The company offers a high-speed broadband internet service that uses fiber optic cable, and wireless millimeter wave technology on select multi-family buildings, to deliver fast internet right to homes or businesses. Crown expects to commence the project later this month through the deployment of additional newly acquired micro trenching equipment.
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SFIX FTDR | Hot Stocks09:29 EST Stitch Fix appoints Tony Bacos as chief product, technology officer - Stitch Fix (SFIX) announced that Tony Bacos is joining the company today as Chief Product and Technology Officer. Bacos will report to CEO Matt Baer and lead the Company's technology, product, data science, security, and IT teams. In this role, Bacos will drive product innovation, engineering excellence and strategies to optimize the Stitch Fix client experience and grow the business. He will work with the team to utilize the Company's advanced data science capabilities and stylist expertise to build deeper connections between stylists and clients, deliver even more engaging personalized experiences and unlock new opportunities to grow the business. Bacos was previously Chief Digital Officer at Frontdoor (FTDR), where he led the company's digital transformation by modernizing its operations and reinventing the customer experience. Prior to that, he was Chief Product & Technology Officer at Amazon Fashion, where he led a successful turnaround of the business and the team responsible for all aspects of the shopping experience.
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NRG | Hot Stocks09:24 EST NRG Energy announces $950M accelerated share repurchase program - NRG Energy announced that it has entered into accelerated share repurchase, or ASR, agreements with multiple dealers to repurchase $950M of NRG's common stock. Under the ASR agreements, NRG will pay $950M to the dealers and receive shares of NRG's common stock from each dealer on the specified settlement dates. NRG expects to receive over 80% of the shares to be repurchased during the initial settlement period. The total number of shares purchased by NRG pursuant to the ASR agreements will generally be based on the volume-weighted average prices of NRG's common stock during the term of each ASR agreement, less a discount. The final settlement of the transactions is expected to occur in the first quarter of 2024.
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GOLD | Hot Stocks09:19 EST Barrick Gold announces investment in Hercules Silver - Barrick Gold has agreed to subscribe for 21,265,370 units of Hercules Silver in a non-brokered private placement at a price of $1.10 per Unit, for total consideration of $23,391,907. Each Unit is comprised of one common share and 0.32 of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Hercules common share at a price of $1.32 per common share. Barrick currently owns 5,291,500 common shares of Hercules, representing approximately 2.73% of Hercules' issued and outstanding common shares on a non-diluted basis. Following the Private Placement, Barrick will hold 26,556,870 common shares of Hercules and 6,804,918 warrants, representing approximately 12.33% of Hercules' issued and outstanding common shares on a non-diluted basis, and 15.02% on a partially-diluted basis. Closing of the Private Placement will occur on or before November 8, 2023 or such other date as may be agreed by the Barrick and Hercules, subject in each case to customary closing conditions, including receipt of all necessary approvals, including the approval of the TSX Venture Exchange. In connection with the Private Placement, Barrick and Hercules will enter into an investor rights agreement Pursuant to the Investor Rights Agreement, provided that Barrick maintains an ownership interest in Hercules of at least 5%, Barrick will be entitled to anti-dilution and information rights, as well as a right of first refusal in respect of the sale by Hercules of any interest in its 100% owned Hercules Silver Project, located in Washington County, Idaho. Barrick will also, for a period of three years from the date of the Investor Rights Agreement, either vote its Hercules common shares in accordance with the recommendations of the board or management of Hercules, or abstain from voting on such matters, and be subject to a standstill which will prohibit Barrick from acquiring more than 19.9% of the outstanding Hercules common shares, subject to certain exceptions. Barrick will also be providing certain technical support and expertise to Hercules for the 2024 season and program. Barrick is acquiring the Units for investment purposes. Barrick may, depending on market conditions and other factors, acquire additional common shares or other securities of Hercules, or dispose of some or all of the common shares or other securities of Hercules that it owns at such time.
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SAVA | Hot Stocks09:18 EST Cassava Sciences completes patient enrollment for Phase 3 program of simufilam - Cassava Sciences announced the completion of patient enrollment in a pair of Phase 3 trials to evaluate the safety and efficacy of oral simufilam versus placebo in Alzheimer's disease dementia. Simufilam is Cassava Sciences' proprietary oral drug candidate. This investigational drug binds to altered filamin A protein in the brain and restores its normal shape and function. By targeting altered filamin A, simufilam may help patients with Alzheimer's achieve better health outcomes. A total of 1,929 patients were randomized in two on-going Phase 3 trials of simufilam. These are registrational studies, meaning if positive data and results are generated, they can support the filing of a new drug application for simufilam in Alzheimer's disease. Both Phase 3 studies received a Special Protocol Assessment from the FDA. The first Phase 3 trial has a 52-week treatment period; 804 Alzheimer's patients were randomized into this study, as announced in October 2023. Top-line results for the 52-week Phase 3 study are currently expected approximately year-end 2024. The second Phase 3 trial has a 76-week treatment period; 1,125 Alzheimer's patients were randomized into this study. Top-line results for the 76-week Phase 3 study are currently expected approximately mid-year 2025. Patients with mild-to-moderate Alzheimer's disease dementia who met study eligibility criteria were recruited into the Phase 3 program from clinical sites in the U.S., Puerto Rico, Canada, Australia and South Korea. Cassava Sciences is conducting its on-going Phase 3 program in collaboration with Premier Research International, a global contract research organization/
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VACC BRNS | Hot Stocks09:11 EST Vaccitech renames as Barinthus Biotherapeutics, announces presentations - Barinthus Biotherapeutics, formerly Vaccitech (VACC), will present data from its Phase 2 Hepatitis B trials of VTP-300 at The American Association for the Study of Liver Diseases, AASLD - The Liver Meeting 2023, November 10-14 in Boston, MA. The company also announced today that it has changed its name to Barinthus Biotherapeutics plc to represent the evolution and expansion of its focus beyond vaccines. The company expects to begin trading under its new name and ticker (BRNS) effective as of November 7, 2023. "The company has evolved and expanded since being spun out of the University of Oxford. Whereas we began as a vaccine company having been involved in flu vaccines and then the co-invention and early development of Vaxzevria, the AstraZeneca/Oxford COVID-19 vaccine and the development of other prophylactic vaccines," said Bill Enright, Chief Executive Officer of Barinthus Biotherapeutics. "Today the company is focused on the development of novel T cell immunotherapeutic candidates, which evolved out of that initial vaccine research. We believe that guiding the capabilities of T cells using our proprietary platform technologies provides broader developmental opportunities with a huge potential to eventually impact patients' lives. We are excited to continue into the next chapter of the company's story - as Barinthus Biotherapeutics."
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GFL | Hot Stocks09:09 EST ADW Capital calls on GFL Environmental to undertake strategic review - ADW Capital Management issued an open letter to GFL's board of directors and management team regarding opportunities to maximize value for all shareholders and urging the Company to undertake a strategic review process. The letter read, in part, "ADW Capital Management are significant and long-term shareholders of GFL Environmental, currently owning 1,650,000 of the Company's shares. We begin this letter with the following quote: "The definition of insanity is doing the same thing over and over again and expecting a different result." ADW Capital has been a shareholder of the Company since shortly after its initial public offering and in many ways, today GFL is an entirely different Company and yet its valuation and discount to peers is EXACTLY the same or WORSE. We believe GFL is an extremely valuable company that the public markets are unable to appreciate today and perhaps never will be able to. GFL is simply too cheap a stock on an absolute basis given the quality and durability of its future growth especially in this uncertain economic / inflationary environment. The multiple differential relative to its competitors is even more perplexing given its faster growth profile and prospects for future margin expansion. We think your experiment with the public markets should end and the Board should immediately seek to maximize value for shareholders through either selling or merging the company or disposing of assets bringing down leverage materially... Investors appear to be ignoring the facts here and only seeing what they want to see. We believe GFL's "stock story" has turned into an edition of the National Enquirer or People Magazine. Soon after the Company's IPO, it was the target of a long short-selling report that effectively accused GFL's founder and chief executive officer, Patrick Dovigi, of being Italian and in the mob and being a profligate spender because he owned a yacht. To be fair, we understand that Patrick grew up in a small town in Canada playing competitive hockey and bootstrapped this entire business from one single asset. Mr. Dovigi has partnered with multiple private equity firms, sovereign wealth funds, and pension funds since the Company was founded in 2007 - each of whom has earned multiples on their investment according to our research. We believe traditional public market waste investors have a hard time investing in the Company as they are both slaves to beating their public market indices and leery of investing in GFL knowing its largest investors are private equity investors who may have an alternative agenda or investment objectives. Given that background, we believe short-sellers and fear mongers see GFL's public stock as susceptible to hit and run attacks and therefore continue to spread false stories and narratives around about the Company's leverage profile and character assassinations of the Company's CEO to take advantage of the spineless nature of traditional long only waste investors. GFL continues to operate in an ivory tower, thinking it can just tell the market what the Company is worth and the market will believe them. Frankly, we believe the Company should return to the private markets. It is clear to us that GFL is in a unique position based on its portable capital structure and is a generational/inflation-proof asset for a large-scale private equity firm or a "collector of trophies", such as a sovereign wealth fund, holding company, or similarly situated investor. On the same note, we believe one of the larger waste management companies could execute a stock for stock merger with the Company and get the best operating team in the space and realize material synergies. Absent the aforementioned options, in our view, the only other strategy would be to divest a large portfolio of assets where the Company is not as active in tuck-in M&A or the returns are not as good as other investments the Company sees in front of it - renewable natural gas, tuck-in, et. al. When the Company announced its first round of major asset divestitures the prospective de-leveraging was initially very well received by the market, and then later shares immediately deflated after the Company announced additional internal investments in environmental initiatives/RNG at multiples far lower than any other capital that could be deployed in their portfolio.10 This Company is the definition of guilty-until-proven-innocent and the broader investing public just "does not want to believe." We believe the interests of the private equity firm that exercises significant influence on the Company's board of directors are misaligned with the rest of the shareholder base because the investment sits in a fund that is in the money based on our research and all they would be doing is handing back future earnings / carry by relinquishing / selling the investment today. We are sure it is not lost on anyone that private equity firms are having a challenging time raising capital for new funds. So, why not just hang on to old investors' capital as a call option on free money? The Board and management have a fiduciary obligation to maximize value for ALL shareholders and we encourage them to immediately engage a financial advisor to pursue a review of strategic alternatives. ADW Capital has a longstanding history of working constructively with boards of directors and management teams to unlock value in "orphan" companies in the public market and would appreciate the opportunity to present to the Board and management."
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WFC | Hot Stocks09:08 EST Wells Fargo, Allspring team on launch of tribal inclusion share class - Wells Fargo announced it is working with Allspring Global Investments, a global asset management firm, to launch a Tribal Inclusion share class for the Allspring Government Money Market Fund, which will be offered exclusively to Wells Fargo corporate clients. The Tribal Inclusion share class is the first money market product with a charitable donation feature focused on benefiting tribal communities in the United States. "As a long-term supporter of Native American and Alaska Native communities, we are delighted to partner with Allspring on the launch of their first money market fund share class focused on benefiting tribal communities," said Randall Lacayo, head of Diverse Segments, Capital Markets, Wells Fargo Corporate & Investment Bank. "We have supported Native Forward Scholars Fund over the past decade, and we are pleased to offer this new fund exclusively to Wells Fargo clients to further promote their diversity, equity, and inclusion initiatives serving tribal communities."
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PLBY | Hot Stocks09:08 EST PLBY Group completes sale of TLA Acquisition, Lovers retail business - PLBY Group announced the completion of its sale of TLA Acquisition Corp. and its Lovers retail business. The sale of 100% of the equity of Lovers to LV Holding, LLC, an affiliate of Flynt Management Group, LLC, was completed for cash consideration to PLBY Group of $13.5 million, subject to certain adjustments. The Company previously announced the signing of a definitive agreement for the transaction on October 3, 2023.
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IINN | Hot Stocks09:08 EST Inspira Technologies receives Israeli Innovation Authority grant for VORTX - Inspira Technologies announced the recent approval of a grant from the Israeli Innovation Authority for the VORTX Disposable Blood Oxygenation Technology, specifically being designed for compatibility with the INSPIRA ART Device line of products. The VORTX is being engineered to oxygenate blood and remove carbon dioxide, mitigating common fiber-membrane complications, such as device failure, coagulation and hemolysis. The IIA has committed to supporting the VORTX development project by granting funds equal to 40% of the first-year IIA approved budget of $1M.
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LGND | Hot Stocks09:07 EST Sermonix announces case report during ELAINE-1 study of Lasofoxifene - Sermonix Pharmaceuticals announced that a case report detailing a durable complete remission during its Phase 2 ELAINE-1 study was published in JCO Precision Oncology. The case marks the first-ever known finding of a complete clinical remission in a metastatic estrogen receptor-positive/HER2- breast cancer patient with an ESR1 mutation after prior CDK4/6 inhibitor treatment upon participation in any single-agent hormonally based therapy trial. The open-access case report, "Lasofoxifene Monotherapy Induces Durable Complete Remission in a Patient with ER+, HER2- Metastatic Breast Cancer with an ESR1 Mutation," details a patient result that was reported during Sermonix's Evaluation of Lasofoxifene in ESR1 Mutations study. Sermonix licensed Lasofoxifene globally from Ligand Pharmaceuticals. The case was previously presented as a poster and brief talk at the annual Metastatic Breast Cancer Research Conference in September 2022. Topline results from the ELAINE-1 trial, including this patient, were reported at the European Society for Medical Oncology, ESMO, Congress 2022. "To witness a study participant with advanced breast cancer achieve a durable complete remission for more than two years while taking lasofoxifene is a reminder to everyone at Sermonix why we do what we do; it drives our daily and long-term vision for this drug," said Dr. David Portman, Sermonix founder and chief executive officer. "We are excited the details of this complete responder - the only one to our knowledge achieved in the post-CDK4/6i-ESR1 mutation setting with single-agent endocrine therapy - will be shared with a broader audience through JCO Precision Oncology and we look forward to lasofoxifene's continued clinical development during our current Phase 3 ELAINE-3 registrational study."
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GVP | Hot Stocks09:06 EST GSE Systems awarded $4.2M contract from large utility - GSE Solutions announced a $4.2M contract from a large utility to provide engineering change packages to replace motor control center buckets in its Texas nuclear power plant. This contract will be executed by the GSE Engineering, Design & Analysis team based out of Fort Worth, Texas. The select group is extremely well-disciplined in electrical/instrumentation and control engineering safety and efficacy, with years of experience and a history of working with the utility. This contract includes the evaluation of MCC bucket suppliers, MCC testing requirements, and the installation of approximately 190 new buckets. This project will be conducted over 4 years to protect the power plant from failures due to obsolescence and prevent events of required down power or loss of generation capability.
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CHE | Hot Stocks09:05 EST Chemed announces additional $300M for stock repurchase - Chemed announced that the Board of Directors has formally authorized an additional $300M for stock repurchase under Chemed's existing share repurchase program. These share repurchases will be funded through a combination of cash generated from operations as well as utilization of its revolving credit facility. Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation's largest provider of end-of-life hospice care and Roto-Rooter is the nation's leading provider of plumbing and drain cleaning services.
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UPWK | Hot Stocks09:05 EST Upwork introduces new suite of generative AI apps - Upwork introduced a new set of AI apps and offers, alongside new educational content so that independent talent on Upwork can harness the power of generative AI to supercharge their productivity and improve the quality of their work. Additionally, the company opened a waitlist for access to Upwork Chat Pro, a new GPT-4-powered app currently live as a beta and developed by Upwork to give professionals the opportunity to start and complete work faster and more effectively. The launch includes partnerships with industry-leading providers of tools that incorporate generative AI, including Adobe, Amazon, ClickUp and Miro, as well as training resources from Coursera, Jasper and Udemy. These partnerships ensure talent on Upwork have access to leading generative AI apps, tools and education that can help them boost productivity, automate tasks, and run their businesses more efficiently. The latest offerings are found on a new talent-specific section of the AI Services hub, created as a central destination for talent to access generative AI tools and resources and find work opportunities resulting from increased demand for AI-related projects on Upwork.
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PANW | Hot Stocks09:05 EST Palo Alto Networks intends to acquire browser start-up Talon Cyber Security - Palo Alto Networks has entered into a definitive agreement to acquire Talon Cyber Security, a pioneer of Enterprise Browser technology. Talon's Enterprise Browser provides a solution that, when combined with Prisma SASE, aims to enable users to securely access business applications from any device, including mobile and other non-corporate devices.
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SLS | Hot Stocks09:04 EST Sellas Life presents data from Phase 1/2 trial of GPS with pembrolizumab - SELLAS Life Sciences Group announced final clinical and immunobiological data from the Phase 1/2 clinical trial of galinpepimut-S, GPS, in combination with pembrolizumab in Wilms' tumor-1-positive platinum-resistant ovarian cancer. Results are being presented in an e-poster session by Roisin E. O'Cearbhaill, M.D., Research Director, Gynecologic Medical Oncology Service; Clinical Director, Solid Tumor, Cellular Therapy Service; and Associate Attending Physician at Memorial Sloan Kettering Cancer Center, New York, NY, at the 2023 International Gynecologic Cancer Society Annual Global Meeting taking place November 5-7, 2023, in Seoul, South Korea.
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VECO | Hot Stocks09:04 EST Veeco ships first nanosecond annealing system to Tier 1 customer - Veeco Instruments shipped its first NSA500 Nanosecond Annealing System to a Tier 1 logic customer. With this product launch, Veeco solidifies its leadership in advanced laser annealing technology. The NSA500 is targeted at low thermal budget and material modification applications which are of increasing importance for advanced node and 3D applications. Compared to traditional annealing solutions, the NSA500 System is able to precisely anneal relevant surface layers without damaging the underlying device due to its nanosecond scale dwell time and high temperatures. Veeco is planning shipment of its second evaluation system to another Tier 1 customer within the next few months and sees potential for initial high-volume manufacturing orders in late 2024 or 2025. The broad applicability of Veeco's NSA500 system provides a significant opportunity to expand the company's served available market to new applications. These include low thermal budget applications like Backside Power Delivery and Contact Annealing for advanced nodes and material modification applications such as void-removal, recrystallization and grain growth.
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DIS PEP | Hot Stocks09:03 EST Disney names Hugh Johnston CFO - Hugh Johnston has been named senior executive VP and CFO of Disney (DIS) effective December 4. It was announced by Robert Iger, CEO. Johnston is vice chairman and CFP of PepsiCo (PEP), where he has held numerous leadership positions during a 34-year career with the multinational food and beverage company. As Disney's CFO, Johnston will report directly to Iger and will lead the company's worldwide finance organization, which includes corporate real estate, corporate strategy and business development, enterprise controllership, enterprise technology, financial planning and analysis, global product and labor standards, global security, investor relations, risk management, tax, and treasury.
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LPLA | Hot Stocks09:03 EST LPL Financial: GER Loftin joins broker-dealer, RIA, custodial platforms - LPL Financial announced that GER Loftin Wealth Advisors has joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $225 million in advisory, brokerage and retirement plan assets, and join LPL from United Planners Financial Services.
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PEP DIS | Hot Stocks09:02 EST PepsiCo CFO Hugh Johnston to leave, James Caulfield to succeed - PepsiCo (PEP) announced that Vice Chairman and CFO, Hugh Johnston, will be leaving the company on November 30. James Caulfield is appointed Executive Vice President, CFO PepsiCo. Johnston will join The Walt Disney Company (DIS) as Chief Financial Officer following his departure from PepsiCo on November 30. As a result of this transition, Jamie Caulfield will succeed Johnston as Executive Vice President, CFO for PepsiCo. Caulfield is currently Senior Vice President, CFO, PepsiCo Foods North America. He has an exemplary track record within PepsiCo, also spanning more than 30 years.
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DBGI | Hot Stocks09:01 EST Digital Brands announces review of strategic alternatives - Digital Brands has unanimously decided to initiate a formal review to explore strategic alternatives for the company. The comprehensive review will begin immediately and will evaluate a broad range of options to maximize shareholder value. Digital Brands Group has not set a deadline or definitive timetable for the completion of this process, and there can be no assurance that this process will result in any particular outcome.
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HAL OIS | Hot Stocks08:56 EST Halliburton, Oil States enter strategic collaboration - Halliburton (HAL) and Oil States (OIS) announced a strategic collaboration that combines technology sets to provide customers with innovative deepwater managed pressure drilling, or MPD, solutions. MPD provides operators with improved control when navigating narrow pressure windows compared to conventional drilling. The collaboration between Halliburton and Oil States will provide operators and drilling contractors with an effective and flexible MPD product-service combination to safely access greater operational efficiencies like ease of handling and streamlined installation.
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JBL | Hot Stocks08:54 EST Jabil acquires Retronix, terms undisclosed - Jabil announced the successful acquisition of Retronix, a provider in the reclamation and refurbishment of electronic components, completed earlier this year. The deal adds exclusive technologies to Jabil's portfolio. These services enable the safe extraction of embedded valuable components from printed circuit boards, or PCBs, and other electronics to minimize waste, create new value channels, and mitigate future component obsolescence. The deal adds to Jabil's current circular economy services including reverse supply chain management, medical device reprocessing, recycled packaging, and emission reductions. It strengthens Jabil's mission to offer sustainable options to its customers who are increasing the use of electronics in "smart" products like electronic vehicles, home appliances, medical devices, and even packaged goods.
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CPPKF | Hot Stocks08:53 EST Faraday notes 'material uncertainty' about ability to continue as going concern - The company said, "The Company will need to raise additional funding to finance its day-to-day operations and to enable the Company to achieve its long-term business objectives. On February 14, 2023, the Company completed an equity-based financing for net proceeds of $38,437,854 to fund its operations. The Company will require additional financing either through equity or debt financing, sale of assets, joint venture arrangements, or a combination thereof to meet its administrative costs and to continue to explore and develop its resource properties. There is no assurance that sufficient future funding will be available on a timely basis or on terms acceptable to the Company. As such, there is a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern."
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ONDS | Hot Stocks08:49 EST Ondas' Airobotics awarded $2.6M order for Optimus drone systems - Ondas Holdings has received a $2.6M order for immediate delivery of additional Optimus Systems from a local governmental entity in Dubai for public safety and emergency response operations. Since 2020, the Optimus System has been extensively utilized by this local governmental entity in Dubai which has carried out thousands of operational drone flights without human intervention under challenging environmental conditions in densely populated areas demonstrating urban drone infrastructure for Public Safety and Emergency Response use cases.
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AREC AMAO | Hot Stocks08:49 EST American Acquisition Opportunity closes acquisition of Royalty Management - American Resources Corporation announced that the special purpose acquisition vehicle it had sponsored, American Acquisition Opportunity Inc., has successfully closed its previously announced acquisition of Royalty Management Co. RMC is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a sustainable market environment and will commence trading on the Nasdaq Capital Market under the ticker RMCO and RMCOW today, Monday November 6, 2023. Mark Jensen, Chairman and CEO of American Resources Corporation commented, "We are extremely proud of our American Acquisition Opportunity sponsorship team for the successful merger with Royalty Management Corporation. The merger between the two entities was completed without a complicated capital structure thereby positioning RMC for future growth. When we initially took American Acquisition public we worked on a number of acquisitions that would have required very complicated structures. With RMC, we didn't require external capital, no capital was paid out to the shareholders of RMC, and RMC is positioned to be able to grow its business while keeping its need for capital and cost structure at a minimum. Furthermore, it couldn't be a better time to list a company such as RMC given the high interest rate environment and need for alternative capital bases or means to create liquidity for acquisition targets of RMC."
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CNDT | Hot Stocks08:48 EST Conduent announces implementation of online portal for Mississippi - Conduent announced the implementation of an online portal for Mississippi's Division of Medicaid and Department of Human Services. The solution offers state residents improved access to apply for and manage their benefits. Mississippi residents can now use Conduent's BenePath Self-Service Portal to enroll in and manage a range of state benefits, such as Medicaid, Children's Health Insurance Program, Supplemental Nutrition Assistance Program, Temporary Assistance for Needy Families and Low-Income Home Energy Assistance Program. "We're proud to support Mississippi and its beneficiaries with our BenePath solution to advance self-service for eligibility and benefits management," said Mark King, President, Conduent Government Solutions. "We appreciate the trust that the agencies have placed in Conduent, and we look forward to helping the state enable seamless constituent interactions."
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HHS | Hot Stocks08:47 EST Harte Hanks appoints Ron Lee as SVP, inside sales - Harte Hanks announced that Ron Lee has joined Harte Hanks as Senior Vice President of Sales Services. Mr. Lee will lead Harte Hanks' sales offering, which includes inside sales outsourcing, sales transformation and optimization, and sales play development. Lee joins Harte Hanks from Procore Technologies, a leading SaaS provider specializing in the construction industry, where he served as the Head of Revenue Planning and Productivity.
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ADEA | Hot Stocks08:46 EST Adeia appoints Turner-Brim to board of directors - Adeia announced that veteran intellectual property attorney and advisor, Phyllis Turner-Brim, joined Adeia's board of directors on Friday, November 3, 2023. Turner-Brim brings to Adeia a three-decade IP legal career with 15 years of executive experience advising C-suite executives and senior leaders -- including those in Fortune 500 companies -- on issues ranging from strategy and marketing to technology management and IP enforcement.
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QFTA | Hot Stocks08:46 EST Quantum FinTech Acquisition holders approve business combo with AtlasClear - Quantum FinTech Acquisition, a special purpose acquisition company, announced that its stockholders have approved the proposed business combination with AtlasClear , at a special meeting of Quantum stockholders that was held on Friday, November 3. Each of the proposals presented at the special meeting was approved, and the Business Combination is expected to be consummated as soon as practicable following the satisfaction or waiver of the remaining closing conditions described in the proxy statement for the special meeting, including the condition that the common stock of Calculator New Pubco will have been approved for listing on the NYSE American. Following the closing of the Business Combination, the common stock of New Pubco is expected to begin trading on the NYSE American under the symbol "ATCH". In connection with the Meeting, stockholders holding 4,953,369 shares out of a possible 5,050,384 shares of Quantum's common stock exercised their right to redeem their shares for a pro rata portion of the funds in Quantum's trust account. The trustee of the Trust Account is calculating the final amount of the funds to be removed from the Trust Account in connection with such redemptions, but the current preliminary calculations are that approximately $53.1M or approximately $10.73 per public share, will be removed from the Trust Account to pay such holders.
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AIMD | Hot Stocks08:46 EST Ainos signs MOU for contract clinical trials with SIDSCO Medical - Ainos signed a Memorandum of Understanding with SIDSCO Biomedical. The MoU is an important step in Ainos' strategy to expand its product line into the global pet care market. Under the agreement, Ainos and SIDSCO will jointly explore the feasibility of VELDONA/Cytoprotein contract clinical trials. Ainos intends to conduct animal clinical trials for veterinary investigational medicines in conjunction with SIDSCO, and will provide the technical knowledge, funding, and assistance required for the project. Ainos' upcoming clinical trial is expected to be sent to the United States' Internal Animal Care and Use Committee for review in December this year. The clinical trial is a small-scale field pre-trial. It is expected to start accepting cases in the first quarter of next year, and to complete admission of 15-30 cats in the second quarter. If the results of this trial meet the expected efficacy requirements, the Company will submit a formal application to Taiwan's Bureau of Prevention and Inspection of the Ministry of Agriculture for animal new drug field trials. This would represent a significant step forward in the process of obtaining an animal new drug license. Ainos plans to conduct the upcoming clinical study in cooperation with SIDSCO at Mercy Animal Medical Center.
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IGXT TLRY | Hot Stocks08:45 EST IntelGenx announces co-development, commercialization of VersaFilm products - IntelGenx (IGXT) announced that it and Tilray Brands (TLRY) have entered into a further amendment to their November 2018 license, development and supply agreement for the co-development and commercialization of cannabinoid-infused VersaFilm products, settling IntelGenx's arbitration claim against Tilray. Pursuant to the Second Amendment, IntelGenx has received an initial purchase order from Tilray for three SKUs, with each SKU totalling 130,000 filmstrips. The Second Amendment also allows for IntelGenx's co-development and commercialization of CBD, THC, and combination THC:CBD products with additional partners. The Second Agreement removes any royalties paid to or from Tilray. "This partnership and settlement represent a significant milestone in building our relations with Tilray, and we are excited to begin this new chapter of the companies making innovative cannabinoid-infused oral thin film products available to consumers," said Dwight Gorham, IntelGenx's CEO.
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KA | Hot Stocks08:44 EST Kineta announces new data from VISTA-101 trial of KVA12123 - Kineta announced today the presentation of new positive data from its ongoing VISTA-101 Phase 1/2 clinical trial evaluating KVA12123, the company's VISTA blocking immunotherapy, in patients with advanced solid tumors at the Society for Immunotherapy of Cancer's, SITC, 38th Annual Meeting. Thierry Guillaudeux, Ph.D., Chief Scientific Officer of Kineta, presented the company's poster unveiling the new clinical data. The Phase 1/2 VISTA-101 trial enrolled 11 patients with advanced solid tumors in the first three monotherapy dose-escalation cohorts, where subjects received either 3, 10 or 30 mg of KVA12123 by intravenous infusion every two weeks. Primary objectives of the Phase 1/2 study are to evaluate the safety and tolerability of KVA12123 and to determine the recommended Phase 2 dose. Patients enrolled in the study were heavily pretreated with multiple prior lines of therapy including chemotherapy, radiation and immunotherapy. Additional monotherapy and initial combination therapy data are anticipated in the second quarter of 2024. Key highlights from the poster presentation: Safety: eleven patients were dosed and cleared the first three monotherapy cohorts. KVA12123 was well tolerated at all doses and no dose limiting toxicities were observed. All KVA12123 treatment emergent adverse events were grades 1-2. Pharmacokinetics and VISTA Receptor Occupancy: KVA12123 exhibited a greater than dose-proportional pharmacokinetic profile in drug exposure across all evaluated doses, consistent with target-mediated drug disposition at lower doses. biomarkers: KVA12123 demonstrated dose-proportional on-target biomarker immune responses involved in anti-tumor activity. KVA12123 demonstrated significant efficacy-related cytokine induction of CXCL10, MCP1, MIP1alpha and MIP1beta, which are involved in immune cell activation and recruitment to the tumor microenvironment. Additionally, increases in anti-tumor immune cell subpopulations including nonclassical monocytes, NK cells, CD4+ T cells and CD8+ T cells were observed during treatment.
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SPXC | Hot Stocks08:43 EST ProStar, Radiodetection collaborate for dynamic packaged solution - ProStar Holdings announced that ProStar and Radiodetection have entered into a commercial business collaboration, whereby ProStar has granted Radiodetection a non-exclusive worldwide license to distribute PointMan and the rights to use PointMan to support the sale of Radiodetection utility locators.
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VERB | Hot Stocks08:42 EST Verb Technology's MARKET.live announces new technology integrations - Verb Technology announces the completion of additional technology integrations, clearing the way to attract and add hundreds of new vendors and brands to its live stream shopping platform. These new improvements now enable seamless integration with the ecommerce solutions powering thousands of vendors' existing ecommerce stores and offers an unprecedented level of inventory management and synchronization, which until now was a limiting factor in the addition of new vendors to the MARKET.live platform.
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MBRX | Hot Stocks08:41 EST Moleculin Biotech's Annamycin shows effiay in Phase 1B/2 lung sarcoma trial - Moleculin Biotech announced the presentation of preliminary efficacy findings from the Phase 2 portion of the company's ongoing U.S. Phase 1B/2 clinical trial evaluating Annamycin for the treatment of soft tissue sarcoma lung metastases. Annamycin is the company's next-generation anthracycline that has been shown in animal models to accumulate in the lungs at up to 30-fold the level of doxorubicin. There were no significant safety concerns or unexpected serious adverse events up to the 390 mg/m2 dose. The recommended Phase 2 dose was defined as 330 mg/m2. The most frequently reported adverse events related to Annamycin were in the system organ class of Investigations. There was no evidence of cardiotoxicity. Of the 14 subjects enrolled in the Phase 2 portion of the trial, 9 showed stable disease through 2 cycles, 5 of whom continued to show SD through 4 cycles, and 2 showed SD through 6 cycles. 3 subjects continue to be followed for progression free survival and 12 of 14 subjects in the Phase 2 efficacy population continue to be followed for overall survival. Annamycin currently has Fast Track Status and Orphan Drug Designation from the FDA for the treatment of soft tissue sarcoma, in addition to Orphan Drug Designation for the treatment of relapsed or refractory acute myeloid leukemia.
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ALGN | Hot Stocks08:41 EST Align Technology announces $100M open market repurchase - Align Technology announced that it is planning to repurchase $100M of Align's common stock through open market repurchases under Align's $1B stock repurchase program that was approved by Align's Board of Directors in January 2023. This $100 M open market repurchase is in addition to the $250M repurchase of Align's common stock under an accelerated stock repurchase agreement that was announced on October 27. "Invisalign is the most trusted brand in the Orthodontic industry globally and we believe our record Q3'23 teenage shipments reflect market share gains for our clear aligners," said Joe Hogan, president and CEO. "Today's announcement of Align's $100M open market repurchases along with my additional $1M share buyback demonstrates our confidence in our business and commitment to increasing shareholder value. This amount is in addition to the $1.0 million of Align's common stock that Joe Hogan recently purchased in October 2023.
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FRSX SFTBY | Hot Stocks08:40 EST Foresight Autonomous announces completion of first phase project with SoftBank - Foresight Autonomous (FRSX) announced that its wholly owned subsidiary, Eye-Net Mobile, announced the successful completion of the first phase of a multi-phase project with SoftBank (SFTBY). SoftBank confirmed the successful completion of the initial phase of the multi-phase project. SoftBank is anticipating Eye-Net's deployment of its innovative location service within SoftBank's multi-access edge computing infrastructure. The eventual potential integration of Eye-Net's location service is expected to significantly improve the field of connectivity and collision prevention. Successful completion of this integration is a prerequisite for the deployment of Eye-Net's solutions in the Japanese market.
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DYNDF | Hot Stocks08:40 EST OneMove Capital increases ownership in Dye & Durham - OneMove Capital acquired ownership and control over 300,000 common shares of Dye & Durham Limited on November 2, 2023, pursuant to purchases made through the facilities of the Toronto Stock Exchange at a price of $10.00 per Common Share, for an aggregate purchase price of $3,000,609. Prior to the completion of the Acquisition, OneMove owned and exercised control over 5,215,876 Common Shares. The Common Shares owned and controlled by OneMove immediately prior to the Acquisition represented an aggregate of approximately 9.49% of the then-outstanding Common Shares. Immediately following the completion of the Acquisition, OneMove owns and exercises control over 5,515,876 Common Shares. The Common Shares owned and controlled by OneMove immediately following the Acquisition represent an aggregate of approximately 10.04% of the outstanding Common Shares, resulting in an increased ownership of approximately 0.55% of the outstanding Common Shares. The Acquisition was undertaken by OneMove for investment purposes. OneMove intends to review its investment on a continuing basis. Depending on various factors, OneMove may in the future purchase or sell securities or engage in other activities relating to the Company.
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STM COMM | Hot Stocks08:39 EST STMicroelectronics, CommScope announce integration of PKIWorks with STM32WB - CommScope (COMM) and STMicroelectronics (STM) announced the integration of CommScope's PKIWorks IoT security platform with ST's popular STM32WB microcontroller unit. This integrated solution offers device manufacturers a turnkey solution for developing IoT devices that meet the Connectivity Standards Alliance Matter standard for security. The solution simplifies manufacturing secure Matter-device-credentials development and provisioning, in addition to reducing costs and time for IoT device manufacturers. With this integration, devices can be commissioned at the MCU level without developer intervention. This collaboration harnesses 35 years of experience from the CommScope Sentry team securely integrating cryptographic keys and digital certificates into high-volume manufacturing production with ST's leadership in microcontrollers and development ecosystem.
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TRHC | Hot Stocks08:38 EST Tabula Rasa HealthCare, ExactCare close business combination - ExactCare announced that the acquisition of Tabula Rasa HealthCare, a leading healthcare company advancing personalized, comprehensive care for value-based care organizations, is complete. ExactCare and Tabula Rasa are creating a leading, independent pharmacy care management company that specializes in caring for the most at-risk patient populations in the healthcare system-helping them to live healthier and thrive in both home- and community-based settings. Together, the two organizations care for over 100,000 beneficiaries served by the Program of All-Inclusive Care for the Elderly, Medicare, Medicaid and Dual-eligible plans.
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SYPR | Hot Stocks08:38 EST Sypris wins two follow-on contract awards for electronic warfare communication - Sypris Electronics announced that it has recently received two full rate production follow-on multimillion-dollar contract awards from a U.S. global defense contractor to manufacture advanced integrated electronic warfare and communications avionics system modules for one of the largest Government DoD programs. Production is expected to begin in 2023 and will continue into mid-year 2025. Terms of the agreement were not disclosed. The program is for an American family of single-seat, single-engine, all-weather stealth multirole combat aircraft that is intended to perform both air superiority and strike missions. The aircraft is also able to provide electronic warfare and intelligence, surveillance, and reconnaissance capabilities. According to news sources, the aircraft's prime contractor plans to build over 700 of the various versions of the aircraft through 2030 for sale to the U.S. and its allies
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SWX | Hot Stocks08:37 EST Southwest Gas adopts tax-free protection plan for Centuri spin-off - Southwest Gas announced actions to help preserve the company's ability to effectuate a tax-free separation of Centuri Group as it considers additional separation alternatives to form a new independent publicly traded utility infrastructure services company. The company remains committed to separating Centuri and continues to assess the value of a potential tax-free spin-off of Centuri, either following, or in lieu of, a potential initial public offering by Centuri as well as other transaction alternatives. Southwest Gas is also considering other taxable transaction alternatives that may use the company's available net operating losses to offset the tax impact in certain cases, including, among other potential structures, a potential sell-down of Centuri shares held by Southwest Gas following an initial public offering of Centuri. The company believes that there is minimal capacity for changes in the ownership of its stock before a 355 Ownership Change could occur. As part of the Plan, the Board declared a dividend of one preferred stock purchase right, which are referred to as "rights," for each outstanding share of Southwest Gas common stock. The dividend will be payable to holders of record as of the close of business on November 17. The rights will initially trade with Southwest Gas' common stock and will generally become exercisable if a person or group, without the approval of the Board, acquires 4.9% or more of Southwest Gas' outstanding common stock. Under the Plan, any person that currently owns 4.9% - or 9.9%, in the case of a passive investor - or more of Southwest Gas' outstanding common stock may continue to own its shares of common stock but may not acquire any additional shares without triggering the Plan. If the rights become exercisable, all holders of rights will be entitled to purchase Southwest Gas common stock at a 50% discount or Southwest Gas may exchange each right held by such holders for one share of Southwest Gas common stock. Rights held by the triggering person will become null and void and will not be exercisable.
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BRBR POST | Hot Stocks08:37 EST BellRing announces Executive Chairman Vitale to take medical leave of absence - BellRing Brands (BRBR) announced that its Executive Chairman, Robert Vitale, will be taking an unexpected medical leave of absence, which was also announced by Post Holdings (POST). At this time, it is too soon to know the course of treatment and timing of recovery. On behalf of the management team and board of directors of BellRing, "Our thoughts and best wishes are with Rob and his family as he recovers."
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IBM | Hot Stocks08:37 EST IBM, Riyadh Air sign collaboration agreement - Riyadh Air and IBM announced the signing of a strategic agreement in which IBM Consulting will be the lead systems integrator to support creating, building and orchestrating the technology foundation that can help the digitally native airline offer exceptional and seamless travel experiences. Together, Riyadh Air and IBM Consulting have already created the airline's digital and technology strategy. Now, Riyadh Air has selected IBM Consulting to support building the key business and technology capabilities that underpin the strategy. That includes implementing and integrating more than 50 airline industry solutions and core technology capabilities, including security, infrastructure, integration and data platforms, using a hybrid cloud approach. IBM will also orchestrate the work of over 40 partners by providing program and technical governance, project management, quality assurance, change and communications management and training.
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ASGOF | Hot Stocks08:36 EST Asante Gold announces extension of Grasshopper Pit MRE - Asante Gold announced the extension of the Grasshopper Pit mineral resource estimate. The Grasshopper Pit is within the Bibiani Mining Lease and located less than 2km north of the Bibiani processing plant. Asante commenced mining at the Grasshopper Pit Q2 2023. Highlights: Resource definition drilling results confirm consistency of low-grade high tonnage mineralization mainly within the oxide transition material representing immediately accessible mineralized material with high recovery rates. Constrained Indicated Resources of 1.88Mt @ 1.04 g/t for 56.5koz of contained gold within an optimal pit shell of US$1,850/oz gold price. The MRE for Grasshopper is supported by approximately 10,000m of historical drilling and 8,800m of recent drilling. Multiple shoots of mineralization are open along strike and down plunge beyond the US$1,850 pit shell. Further drilling is planned with potential to grow the mineral resource beyond the current pit shell. Majority of mineralized material from the Grasshopper Pit is within the oxide transition zone and expected to yield gold recovery above 90%. Starter pit development and mining commenced in Q2 2023. Gold mineralization is associated with the sheared metasedimentary sequence bounded by well-defined footwall and hanging wall structures. Dave Anthony, President and CEO of Asante, stated, "I am pleased to announce this resource extension and development of the Grasshopper Starter Pit. This reflects our commitment to maximizing the full potential of our land position and mining operations. The results from our accelerated resource definition drilling are highly encouraging and underscore the remarkable consistency of the high tonnage mineralization within the oxide transition material. With a Constrained Indicated Resource of 56.5Koz of gold at 1.04g/t within an optimized pit shell, we are poised to unlock substantial value from the Grasshopper pit. Notably, the majority of the mineralized material in the Grasshopper Pit lies within the oxide transition zone with anticipated gold recovery exceeding 90% and haulage distance of less than 2km to the process plant. Moreover, the presence of multiple shoots of mineralization along strike and down plunge beyond the existing pit shell highlights the promising opportunities for sustained expansion and underscores our long-term commitment to maximizing the value of this asset. With successful commencement of the starter pit and mining activities in Q2 2023, we look forward to further strengthening our position in the market and delivering exceptional value for our shareholders and stakeholders. Our ongoing commitment to responsible and sustainable mining practices remains unwavering as we continue to drive growth and create lasting value for all stakeholders."
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KIDS | Hot Stocks08:36 EST OrthoPediatrics enters distribution agreement with Ora Medical - OrthoPediatrics announced the Company has entered into an exclusive Distribution Agreement with Ora Medical, based in Montreal, to sell Ora Medical's gait trainer, The Levity, a device designed for children with walking difficulties. The Levity supports a child with an innovative partial weight bearing mechanism. This allows the child to interact with the world using their arms, unlocking tons of possibilities. Its unique design allows each child to receive a personalized treatment. The Levity comes with versatile features to meet a wide range of needs: body weight support, harness, speed and direction of the device are adjustable, and its foldable design offers ease of transportation. The Levity fits most children between the ages of 3 and 12. Joe Hauser, President of Trauma and Deformity Correction at OrthoPediatrics, added, "Our new partnership with the team at Ora Medical is an exciting step in our non-surgical business. By partnering with great organizations with world-class technology, we can help more children with orthopedic conditions around the world. The Levity gait trainer will be a great addition to our mobility solutions portfolio in the Specialty Bracing brand."
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AMPX | Hot Stocks08:36 EST Amprius secures purchase orders from three electric aviation companies, no terms - Amprius Technologies announced it has signed purchase orders with three premier electric aviation manufacturers for custom cells from the Company's 450 Wh/kg ultra-high-energy density platform for battery pack development and qualification. Amprius Secures Purchase Orders from Three Premier Electric Aviation Companies for Custom 450 Wh/kg Platform Cells ...The custom cells from the 450 Wh/kg platform were developed in collaboration with Amprius' strategic customers to address their unique HAPS, high-altitude pseudo satellite,qualification requirements and enable them to operate in highly challenging environments. With greater energy density and longer cycle life than the previous 400 Wh/kg platform, the new 450 Wh/kg cells are the only known commercially available batteries
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PRTG MRK | Hot Stocks08:35 EST Portage Biotech presents updates on its iNKT, adenosine programs at SITC - Portage Biotech (PRTG) announced the presentations of updates from its ongoing IMPORT-201 Phase 1/2 trial of PORT-2, an invariant natural killer T cell engager for patients with NSCLC and advanced melanoma, and its ADPORT-601 adaptive Phase 1a/1b trial for PORT-6 and PORT-7 in multiple solid tumors at SITC. The patient data from IMPORT-201, a multi-arm Phase 1/2 trial evaluating PORT-2 in multiple settings, included front-line and refractory NSCLC, and refractory melanoma, as a monotherapy and in combination with Merck's (MRK) anti-PD-1 therapy, KEYTRUDA. These data build on previous results shared at the 2023 American Society of Clinical Oncology meeting in June and include new information on the novel pharmacology profile of PORT-2. "We are encouraged by the expanding patient data set that supports results showing PORT-2 having a favorable safety and tolerability profile as a monotherapy as well as early combination data," said Dr. Ian Walters, Chief Executive Officer of Portage Biotech. "We continue to see single agent activity of PORT-2 at the 3 and 9 mg/m2 dose. We are looking forward to exploring higher dose levels as monotherapy and in combination." Dr. Sumit Subudhi from the University of Texas MD Anderson Cancer Center presented the design of the ADPORT-601 trial. This trial will evaluate a potent and selective A2A inhibitor, and an A2B inhibitor, alone and in combination with other immunotherapies specifically in tumors that overexpress adenosine. This trial is being conducted in collaboration with Merck and is being designed to explore A2A + pembrolizumab, A2B + pembrolizumab, and the triplet of A2A + A2B + pembrolizumab.
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OSK | Hot Stocks08:35 EST Oshkosh receives $208M JLTV order - Oshkosh announced that the U.S. Army Contracting Command - Detroit Arsenal placed an order for Oshkosh Defense Joint Light Tactical Vehicles, or JLTV, trailers, or JLTV-T, and associated packaged and installed kits. The order is valued at $208M and includes JLTVs for the U.S. Army, U.S. Marine Corps and U.S. Air Force. The JLTV was designed to replace the aging uparmored HMMWV fleet with a vehicle providing better protection, mobility and a greater payload capacity. The Oshkosh Defense JLTV filled that critical capability with a purpose-built modular design that is easily configured to meet mission needs including weapon systems, protection kits, communications, and other critical equipment. It can accommodate more than 100 different mission package configurations without sacrificing mobility, protection, or transportability.
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ACON | Hot Stocks08:34 EST Aclarion expands immediate Nociscan access with KOL surgeon advisor addition - Aclarion announced that Roger Hartl, M.D., Hansen-MacDonald Professor of Neurological Surgery and Director of Spinal Surgery at the Weill Cornell Brain and Spine Center in New York, as well as the co-director of New York-Presbyterian Och Spine, will advise the company as a key opinion leader nationally. Over the past 18 months, Aclarion has built a leading consortium of 10 KOL surgeons. Dr. Hartl represents the 10th and final KOL addition to Aclarion's panel. The Company is now in the critical stage of activating MRIs for each of its KOLs so they can begin using the technology, tracking clinical results, and advocating for payer coverage decisions to expand access to Nociscan to all patients. The Company will announce additional MRI activations for the remaining KOLs as they become available and will begin to report on scan volumes as Nociscan use grows with these MRI activations.
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NRSN BIIB | Hot Stocks08:33 EST NeuroSense completes dosing in Phase 2b ALS clinical trial of PrimeC - NeuroSense Therapeutics (NRSN) announced it has completed dosing of the last patient in the double-blind segment of its Phase 2b amyotrophic lateral sclerosis trial of PrimeC. PrimeC is designed to synergistically target several key ALS mechanisms that contribute to motor neuron degeneration, inflammation, iron accumulation, and impaired RNA regulation to inhibit the progression of ALS. PrimeC has been granted Orphan Drug Designation from the U.S. FDA and the European Medicines Agency. The company expects to release clinical efficacy results (secondary endpoints) from the double-blind segment of the trial in December 2023. The company expects to report on another primary endpoint, the assessment of ALS-biomarkers, TDP-43 and Prostagladin2, to evaluate PrimeC's biological activity, in H1 2024 following the completion of the ongoing analysis of patients' plasma. PrimeC was previously observed to have a statistically significant impact in TDP-43 and Prostagladin2, in NeuroSense's previous Phase 2a trial. Additionally, in the first quarter of 2024, the company expects to report results from a strategic collaboration with Biogen (BIIB) that is evaluating the impact of PrimeC on patients enrolled in PARADIGM. Under this collaboration, Biogen is to meaningful biomarker analysis and upon receipt of results, has the right of first refusal to co- fund this develop/commercialize PrimeC for the treatment of ALS for a limited time following the results.
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BMBL CRM | Hot Stocks08:33 EST Bumble CEO Whitney Wolfe Herd to switch roles, Lidiane Jones to succeed - Bumble (BMBL) announced a leadership succession plan. Lidiane Jones, who currently serves as CEO at Slack, a Salesforce (CRM) company, will succeed Whitney Wolfe Herd as CEO, effective January 2, 2024. Wolfe Herd will transition to the executive chair role at that time.
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TKLF | Hot Stocks08:33 EST Yoshitsu establishes new subsidiary in Canada - Yoshitsu announced that it has established its wholly-owned Canadian subsidiary, RAKKISTAR HOLDING on September 6, 2023. The Subsidiary, headquartered in Ontario, is expected to further enhance Yoshitsu's service standards in the North American market, as well as strengthen customer relationships in the region, and increase sales. The Subsidiary will have direct control over the operation processes and distribution channels in the local market. In addition, the direct-sale model is expected to bring the Company closer to its customers. Mei Kanayama, the Principal Executive Officer of Yoshitsu, commented, "Our move to establish the Subsidiary in Canada is in line with our long-term strategies to upgrade our service quality and strengthen our consumer base, especially in overseas markets. We are seeking to optimize our management structure and facilitate the delivery of customized high-quality services to our Canadian consumers. We hope this will lower our operating costs, build stronger customer relationships, and establish our foothold in the North American market."
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GRFS | Hot Stocks08:32 EST GigaGen presents IND-enabling data, Phase 1 trial strategy for GIGA-564 - GigaGen presented investigational new drug-enabling data and the clinical trial design for its first-in-human Phase 1 study evaluating the company's oncology candidate, GIGA-564, at the 2023 Society for Immunotherapy of Cancer Annual Meeting. The comprehensive dataset from non-clinical models continues to demonstrate GIGA-564's potential to improve outcomes for cancer patients through weak checkpoint inhibition of CTLA-4. GIGA-564 depletes intratumoral T regulatory cells within the tumor microenvironment, which enables the tumor-killing activity of cytotoxic T cells. Results also show that GIGA-564 offers increased anti-tumor efficacy and reduced toxicity compared to the commercially available drug ipilimumab, a monoclonal antibody designed to work through CTLA-4 checkpoint inhibition. The Phase 1a/1b dose escalation and dose-expansion trial, expected to start in 2024, will evaluate GIGA-564 for the treatment of advanced solid tumors. The trial will be conducted by National Cancer Institute researchers in close partnership with the GigaGen team, as established in the recently signed CRADA between GigaGen and NCI, a part of the National Institutes of Health.
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BYON | Hot Stocks08:31 EST Beyond CEO Jonathan Johnson steps down, Dave Nielsen appointed interim - Beyond announced that Jonathan Johnson has stepped down as CEO and a member of the Board of Directors, effective immediately. Mr. Johnson's departure follows mutual agreement by the Board and Mr. Johnson to transition the company to new leadership. The Board has initiated a comprehensive internal and external search process to identify a permanent CEO. While the search proceeds, David Nielsen has been appointed to an expanded role as Interim CEO and President, and will lead the company as it moves into the future operating as the new Bed Bath & Beyond. Additionally, Adrianne Lee, CFO will expand her responsibilities to oversee legal and human resources functions in addition to the finance organization.
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PLRX | Hot Stocks08:31 EST Pliant Therapeutics presents three posters on PLN-101095 - Pliant Therapeutics presented three posters highlighting PLN-101095, a novel inhibitor of integrins alphavbeta8 and alphavbeta1. These posters were presented as part of the 38th Annual Meeting of the Society for Immunotherapy of Cancer, SITC, held November 1 - 5, 2023. "Trial in Progress: Phase 1a Trial of PLN-101095, an Integrin alphavbeta8 and alphavbeta1 Inhibitor, as Monotherapy and in Combination with Pembrolizumab, in Treatment-resistant Patients with Advanced or Metastatic Solid Tumors." Pliant is conducting a first-in-human, open-label, dose-escalation study designed to evaluate the safety, tolerability, and pharmacokinetics of PLN-101095 as monotherapy and in combination with pembrolizumab in adult patients with advanced or metastatic solid tumors and documented disease progression after at least 3 months from the start of treatment with pembrolizumab, and with no other available effective treatment options. "Integrin alphavbeta1 is Expressed in Multiple Solid Tumor Types and Drives the Adhesion of Cancer Associated Fibroblast to Latent TGF-beta." Expression of alphavbeta1 protein was evaluated across a diverse set of human tumor tissues and cancer-associated fibroblasts to investigate its functional role in cancer biology. PLN-101095, a selective small molecule inhibitor of alphavbeta8 and alphavbeta1 integrins, was evaluated in combination with anti-mPD-1 on fibrotic markers in the EMT6 tumor model. PLN-101095 was shown to block the binding of cancer-associated fibroblasts to the TGF-beta latency-associated peptide in a dose-dependent manner. EMT6 tumor tissues treated with PLN-101095 and anti-mPD-1 showed a significant reduction in fibrotic markers compared to anti-alphavbeta8 and anti-mPD-1. PLN-101095 was also shown to effectively reduce the expression of the fibroblast activation marker alphaSMA in ex vivo-treated human breast tumor tissues. "Selective Targeting of Integrins alphaVbeta8 and alphaVbeta1 within the Dynamic Ecosystem of Pancreatic Cancer to Improve the Overall Anti-tumor Response." PLN-101095, a selective small molecule inhibitor of alphavbeta8 and alphavbeta1 integrins, was assessed in preclinical models of pancreatic ductal adenocarcinoma. PLN-101095 was shown to decrease primary tumor growth, improve chemosensitivity in metastatic PDA with gene expression changes associated with favorable immune response and improved prognosis. Results showed that selective targeting of alphavbeta8 and alphavbeta1 with PLN-101095 or alphavbeta1 signaling with PLN-76104 potently inhibited primary tumor growth, spread and improve chemotherapy response in models of PDA.
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IMMP | Hot Stocks08:29 EST Immutep announces completion of lead-in, opening of Phase II study of AIPAC-003 - Immutep Limited announces the open-label safety lead-in of its integrated AIPAC-003 Phase II/III trial evaluating for the very first time 90mg of eftilagimod alpha in combination with paclitaxel has been completed with no safety or tolerability issues. Six patients with metastatic breast cancer receiving this immuno-oncology chemotherapy combination, after exhaustion of all endocrine/CDK4/6 based therapies, tolerated the therapy very well and there were no dose limiting toxicities, as confirmed by the independent Data Monitoring Committee appointed for the trial. The IDMC recommended proceeding to the randomised Phase II portion of the trial. The randomised Phase II portion of the study will now open to include up to 58 evaluable patients with metastatic breast cancer receiving either 30mg efti or 90mg efti to determine the optimal biological dose. The evaluation of 90mg efti dosing in combination with paclitaxel is driven by efti's excellent safety profile, along with the FDA's Project Optimus initiative in oncology. Importantly the determination of the optimal biological dose is relevant for the whole efti program across all disease indications.
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HUBC | Hot Stocks08:28 EST HUB Security forecasts over $10M in new contracts in 2024 - HUB Cyber Security has signed a letter of intent for a financing and services agreement and strategic collaboration agreement with Blackswan Technologies, a top-tier enterprise AI company based in the United States. This strategic alliance heralds the commencement of a project in partnership with one of the Big4 Professional Services firms and their esteemed end customer, a globally renowned major banking group. The two companies are exploring the possibility of a potential merger. This collaboration, emphasizing digital transformation, is bolstered by Hub Security's expertise in cyber protection. Together, the two companies aim to revolutionize the banking sector across various regulatory domains. The primary objectives include streamlining operations, reducing ownership costs, and eliminating the need for data lakes and ETL processes. Hub Security's cutting-edge solutions will provide an additional layer of protection to critical processes, ensuring the security of the customer's most valuable assets. The collaboration will integrate Hub Security's protection of critical processes and its "Crown Jewels" asset protection. The initial contract would require Hub Security to provide $3.5 million in financing and is anticipated to make a substantial contribution of over $10 million to Hub Security's revenue in the fiscal year 2024, with expectations of further growth in the subsequent years.
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ARDX | Hot Stocks08:28 EST Ardelyx announces XPHOZAH is now available in the U.S. - Ardelyx announced XPHOZAH is now available for shipment to partner pharmacies. XPHOZAH is indicated to reduce serum phosphorus in adults with chronic kidney disease on dialysis as add-on therapy in patients who have an inadequate response to phosphate binders or who are intolerant of any dose of phosphate binder therapy. XPHOZAH is a single tablet taken twice daily that offers a first-in-class mechanism of action that blocks phosphate absorption through its primary pathway. "The kidney community has been waiting a long time for another option to help manage hyperphosphatemia and we are proud to announce that XPHOZAH is now being shipped to our partner pharmacies," said Mike Raab, president and chief executive officer of Ardelyx. "We look forward to engaging with healthcare providers and supporting patient access and affordability for this new therapeutic option with a differentiated mechanism of action."
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CHEK | Hot Stocks08:27 EST Keystone Dental announces market launch of Nexus Connect - Keystone Dental Holdings announceds the market launch of Nexus Connect, a unique software system that utilizes proprietary technology and a machine-learning model to analyze implant scans performed with an intraoral scanner. The system employs proprietary 3D computer vision algorithms and geometric processing to detect Nexus Scan Gauges, segment them from tissue, and calculate their positions to ensure the captured data can proceed to prosthetic design. The analysis mechanism is a mathematical regression model based on thousands of completed real-world cases enabling immediate scan data results at the source of capture.
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ZS... | Hot Stocks08:26 EST Zscaler appoints Coelho as Chief AI Officer, Shavar as EVP, Data & AI platforms - Zscaler (ZS) reinforces its investments in Artificial Intelligence with the appointments of two leaders to further strengthen the Zero Trust Exchange cloud security platform. Working in collaboration, Claudionor Coelho Jr. joins as Chief AI Officer and Mohamed Shabar joins as EVP, Data & AI Platforms. These strategic additions to the Zscaler executive team reinforce the company's commitment to driving rapid innovation in advanced applied Machine Learning , and AI to help define the future of cloud-based security technologies. Shabar previously worked at Salesforce (CRM), where he led the Marketing Cloud Technology organization. Prior to joining Zscaler, Coelho served as the Chief AI Officer and SVP of Engineering at Advantest (ATEYY)
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CABA | Hot Stocks08:26 EST Cellares, Cabaletta Bio team to evaluate CABA-201 manufacturing on Cell Shuttle - Cellares, the first Integrated Development and Manufacturing Organization IDMO dedicated to clinical and industrial-scale cell therapy manufacturing, and Cabaletta Bio, announced Cabaletta will evaluate Cellares' automated manufacturing platform, the Cell Shuttle, through Cellares' Technology Adoption Partnership TAP program. As part of the collaboration, the companies have agreed on a proof-of-concept technology transfer process for the manufacture of CABA-201, Cabaletta's clinical-stage fully human CD19-CAR T cell product candidate, using the Cell Shuttle. manufacturing in order to meet the potential demand from patients," said Gwendolyn Binder, Ph.D., President of Science and Technology at Cabaletta. "Cellares has made impressive progress with their automated cell therapy manufacturing capabilities. Their dedication to deploying these technologies at scale aligns well with our goal of bringing potentially transformative therapies to patients with autoimmune diseases." "This partnership enables us to leverage the unique capabilities of our Cell Shuttle platform to accelerate the production of CABA-201, Cabaletta Bio's innovative CD19-CAR T product candidate," said Fabian Gerlinghaus, CEO of Cellares. "Through our Technology Adoption Partnership program, we aim to fully automate all cell therapy manufacturing processes, thereby bringing us a step closer to potentially delivering CAR T cell therapies for patients with a broad range of autoimmune diseases. Together, we're not just enhancing manufacturing efficiency, but also fostering an environment that can facilitate the rapid advancement of life-altering therapies."
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SLNO | Hot Stocks08:25 EST Soleno announces publication of results from open-label study of DCCR - Soleno Therapeutics announced publication of one-year results from the Phase 3 DESTINY PWS study and the open-label extension period of Study C602 evaluating investigational, once-daily DCCR Extended-Release tablets for patients with Prader-Willi syndrome. The paper, entitled "Diazoxide Choline Extended-Release Tablet in People with Prader-Willi Syndrome: Results from Long-Term Open-Label Study," was published in the peer-reviewed journal Obesity and can be found online here. The publication features results from 52-week administration of DCCR in participants with PWS enrolled in DESTINY PWS and/or Study C602, the long-term open-label extension study of participants who completed DESTINY PWS. The primary efficacy endpoint was change in hyperphagia total score from baseline, as measured using the Hyperphagia Questionnaire for Clinical Trials. Other endpoints included behavioral assessments using the PWS Profile Questionnaire, body composition, hormonal and metabolic measures, disease severity and safety. Key Highlights from the Publication: Primary Endpoint: Hyperphagia: Statistically significant, clinically meaningful decreases in HQ-CT total score from baseline in overall population after receiving DCCR for 52 week; Highly significant, clinically meaningful decreases in HQ-CT total score from baseline were also observed after receiving DCCR for 13, 26, and 39 weeks; In participants with severe hyperphagia at baseline, 52-week DCCR treatment resulted in significantly greater reduction in HQ-CT score compared to the overall population. Other Endpoints: PWS related behaviors: Statistically significant improvements in all behavioral domains of the PWSP, which consist of aggressive behaviors, anxiety, compulsivity, depression, disordered thinking, and rigidity/irritability; Body composition: Significant improvements in lean body mass:fat mass ratio were seen, consistent with increases in lean body mass and no significant changes in body fat mass. Hormonal and metabolic measures: Significant reductions in serum leptin and insulin and improvement in Homeostatic Model Assessment for Insulin Resistance, consistent with the proposed mechanism of action of DCCR in PWS. In addition, a significant increase in adiponectin was observed; Disease severity: Significant reduction in disease severity as assessed by both clinicians and caregivers using Clinical Global Impression of Severity and Caregiver Global Impression of Severity scores, respectively; Safety: DCCR was well-tolerated overall. Safety results are consistent with the safety profile of DCCR, with the most common drug-related treatment-emergent adverse events of hypertrichosis, peripheral edema, and hyperglycemia, the majority of which were grade 1 and infrequently resulting in study drug discontinuation. DCCR has orphan designation for the treatment of PWS in the U.S. and EU and Fast Track designation from the U.S. FDA. Soleno recently announced positive topline results from its randomized withdrawal phase of Study C602. The U.S. Food and Drug Administration previously acknowledged that data from this study has the potential to support an NDA submission for DCCR. Soleno anticipates submission of an NDA to the FDA in mid-2024.
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VERX | Hot Stocks08:24 EST Vertex partners with Shopify to streamline global tax compliance - Vertex (VERX) its partnership with Shopify (SHOP), a provider of essential internet infrastructure for commerce. This partnership will enable enterprise merchants using the Shopify Tax Platform for business-to-business and business-to-consumer sales to automate tax calculation and compliance on a global scale. "Our goal is to help organizations transform their business operations to deliver a unified commerce experience," said Vertex Chief Commercial Officer, Chris Jones. "With the integration of Vertex solutions, enterprise retailers using Shopify can help ensure that tax is applied accurately and consistently regardless of how, when or where their customers transact."
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AVXL | Hot Stocks08:22 EST Anavex appoints David Goldberger as SVP, regulatory affairs - Anavex Life Sciences announced the appointment of David Goldberger, RPh, MLS as Senior Vice President Regulatory Affairs. Mr. Goldberger brings over 40 years of pharmacy practice and pharmaceutical industry experience and has most recently been with Otsuka Pharmaceuticals Research and Development as Vice President Global Regulatory Affairs, U.S. and Europe. Mr. Goldberger will succeed retiring Senior Vice President Regulatory Affairs, Emmanuel O Fadiran, RPh, MS, PhD.
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EQ | Hot Stocks08:21 EST Equillium announces data from Phase 1b EQUALISE study presented at ASN - Equillium announced that data from the Type B portion of the EQUALISE study in lupus nephritis patients was presented at the annual meeting of the American Society of Nephrology or ASN. The data highlights that subjects had high complete and partial response rates with rapid and deep reduction in urine protein creatinine ratio or UPCR, when itolizumab was added to mycophenolate mofetil, MMF, and corticosteroids. "The presentation at ASN represents current data from the EQUALISE study, which includes all but the last patient in the follow up period," said Bruce Steel, chief executive officer at Equillium. "We are encouraged that we continue to see clinically meaningful response rates, particularly in these highly proteinuric subjects. While the study is largely complete, we plan to deliver the full data package to Ono Pharmaceutical under the terms of our strategic partnership in early 2024." ...The Type B portion of the EQUALISE study in patients with active proliferative LN apLN is evaluating the safety, tolerability and clinical activity of subcutaneous delivery of itolizumab. Patients must present with greater than 1 gram of proteinuria and have a recent kidney biopsy showing ISN/RPS class III or IV apLN to be eligible for the study. During the 24-week treatment period, patients receive a subcutaneous dose of 1.6 mg/kg every two weeks, with follow up out to 36 weeks. Consistent with standard of care, patients on study also receive 2-3 g/day of mycophenolate mofetil/mycophenolic acid and patients may receive pulse systemic corticosteroids that are rapidly tapered.
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ADXS | Hot Stocks08:21 EST Ayala Pharmaceuticals receives Orphan Drug Designation for AL102 - Ayala Pharmaceuticals announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to AL102, a Gamma Secretase Inhibitor, for the treatment of desmoid tumors. AL102 is an investigational small molecule GSI, currently being evaluated in the Phase 3 RINGSIDE study in DT. Orphan drug designation is granted by the FDA to drugs and biologics intended for treatment, prevention or diagnosis of a rare disease or condition that affects fewer than 200,000 people in the U.S. at the time of designation.
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BLTE | Hot Stocks08:20 EST Belite Bio presents results from a 24-month, Phase 2 study of Tinlarebant - Belite Bio presented final data from a 24-month, Phase 2 study of Tinlarebant in adolescent STGD1 at the American Association of Ophthalmology Annual Meeting. "Tinlarebant's final Phase 2 results represent a significant milestone for Belite Bio and provide additional foundational support for the work being conducted across our trials," said Dr. Tom Lin, Chairman and CEO of Belite Bio. "The final Phase 2 data continue to demonstrate Tinlarebant's safety profile and show a sustained lower DDAF lesion growth compared to ProgStar participants over the two-year treatment period. We hope to see similar data in the ongoing Phase 3 DRAGON study, further supporting Tinlarebant as a promising oral treatment for STGD1 patients." Key study findings: Tinlarebant was safe and well-tolerated with no withdrawals due to adverse events. Retinal imaging showed that 5 of 12 subjects remained free of atrophic retinal lesions after 24 months of Tinlarebant treatment. A comparison of the 24-month DDAF lesion growth between Tinlarebant-treated subjects and ProgStar participants possessing similar baseline characteristics showed a sustained lower DDAF lesion growth in Tinlarebant-treated subjects over the 24-month treatment period. Visual acuity was stabilized in majority of subjects during the study with a mean loss of five letters following 24 months of treatment.
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PVCT | Hot Stocks08:20 EST Provectus to present on preclinical PV-10 vaccine data at SITC Meeting - Provectus announced that preclinical data from ongoing research on the potential use of investigational cancer immunotherapy PV-10 as an adjuvant in vaccines to help them work better was the subject of a poster presentation at the Society for Immunotherapy of Cancer 2023 annual meeting, which was held in San Diego, CA from November 1-5. This research has been led by Aru Narendran, MD, PhD and his lab team from the Cumming School of Medicine at the University of Calgary in Alberta, Canada. Dr. Narendran and his colleagues previously discovered that PV-10 activated stimulator of interferon genes, demonstrating its potential as a vaccine adjuvant in PV-10-mediated systemic anti-tumor immune responses. See Thakur et al., American Association for Cancer Research 2020 Virtual Annual Meeting II. In its SITC work, the Narendran lab showed that PV-10 treatment induced STING activation, upregulated cytokines and chemokines, and increased IFN-gamma secretion by CD8+ T-cells. Dr. Narendran and his colleagues demonstrated PV-10's ability to function as an effective adjuvant to enhance T-cell responses and concluded that PV-10's unique modulation of the STING pathway was a potential mechanism of this activity.
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INAB | Hot Stocks08:19 EST IN8bio presents biologic correlative data from INB-200 Phase 1 trial - IN8bio presented new biological correlative data from the ongoing Phase 1 clinical trial of INB-200 targeting newly diagnosed glioblastoma multiforme in a poster presentation at the Society for Immunotherapy of Cancer's, SITC, 38th Annual Meeting. "Gamma-delta T cells are important in immune responses and their high levels are known to correlate with improved survival outcomes. Efficient immune reconstitution is pivotal for favorable outcomes in cancer patients. This new analysis sheds light on how our DeltEx DRI gamma-delta T cell approach may induce durable persistence and immune responses," said William Ho, Co-founder and CEO. "These important insights will help inform the ongoing development of our DeltEx DRI therapies across a variety of solid and hematological tumors.
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ADVM | Hot Stocks08:19 EST Adverum appoints C. David Nicholson to board of directors - Adverum Biotechnologies announced the appointment of C. David Nicholson, Ph.D., as an independent member of its Board of Directors, effective November 3, 2023. Dr. Nicholson brings over forty years of pharmaceutical experience, a proven track record in drug development, and deep experience in ophthalmology, most recently as chief research and development officer at Allergan.
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WBX | Hot Stocks08:18 EST Wallbox and Bidirectional Energy selected for proposed CEC REDWDS grant - Wallbox announced a partnership with Bidirectional Energy, a bidirectional EV energy management software platform, that has culminated in both companies being selected to receive significant funding from the highly competitive CEC REDWDS grant. The companies plan to offer Wallbox's second-generation DC bidirectional charger, Quasar 2, with the Bidirectional Energy EV charger management platform, starting in the first half of 2024. The California Energy Commission's Clean Transportation Program provides up to $100M in annual funding to support innovation and accelerate the development and deployment of advanced transportation and fuel technologies throughout the state. The REDWDS (Responsive, Easy Charging Products with Dynamic Signals) grant accelerates the development and deployment of easy-to-use charging products, which helps customers manage electric vehicle charging and respond to dynamic grid signals. In a highly competitive process, Bidirectional Energy and Wallbox have been proposed recipients for awards of $2.2M in Phase 1 funding by the CEC Clean Transportation Program. When the awards are confirmed, the partnership between Bidirectional Energy and Wallbox will be able to deploy Quasar 2 bidirectional chargers in California residential homes, as well as offer installation solutions via COIL, a Wallbox company. Through the Bidirectional Energy platform, EV owners can potentially save money on their monthly utility bill as well as benefit from various utilities' vehicle-to-grid programs, all while their EV is parked at home. The V2X vehicle-to-everything system can also keep the lights on when the grid goes down, providing extra resilience to homeowners. If the project is successful, additional funding will be made available through a second phase to continue deploying bidirectional chargers across California for an additional three years.
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RWLK | Hot Stocks08:18 EST ReWalk proposes preliminary reimbursement level for ReWalk Personal Exoskeleton - ReWalk Robotics announced that the Centers for Medicare & Medicaid Services, CMS, has included the ReWalk Personal Prosthetic Exoskeleton system in the agenda for the upcoming Healthcare Common Procedure Coding System, HCPCS, meeting on November 29, 2023 and provided a preliminary payment determination of $94,617. "The inclusion of the ReWalk Exoskeleton within the upcoming HCPCS agenda and the proposed preliminary pricing is a tremendous step forward in our efforts to ensure broader access to exoskeletons for the substantial percentage of the spinal cord injury community with Medicare coverage," said Larry Jasinski, CEO of ReWalk Robotics. "ReWalk is encouraged by the process used by CMS to determine its preliminary pricing, and by the statements from CMS that they are open to receiving updated information on pricing that reflects the breakthrough technological developments, including technology that enables ambulation on stairs and curbs, which have been implemented since ReWalk's 2020 application. We look forward to continuing to work with CMS at the upcoming HCPCS meeting later this month."
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TBLA | Hot Stocks08:17 EST Taboola enhances generative AI technology for advertisers - Taboola announced new advancements in its Generative AI technology for advertisers. With Taboola Generative AI AdMaker, advertisers can instantly adjust existing creative assets, such as replacing backgrounds or generating image variations, significantly speeding the time it takes to launch their campaigns. "Taboola's Generative AI technology continues to unlock more benefits that advertisers are looking for, such as driving more customers and improving efficiency for running campaigns," said Adam Singolda, CEO at Taboola. "We're seeing great examples of advertisers already tapping into our Generative AI technology to get up and running faster with creative and copy that in some cases outperforms their evergreen campaigns. With AdMaker, we're making it easier than ever for advertisers to test and launch variations on creative, which is an essential part of producing images that resonate especially with seasonal campaigns."
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NVO | Hot Stocks08:17 EST Novo Nordisk, Genevant to collaborate for gene editing treatment - Genevant Sciences has entered into a collaboration and nonexclusive license agreement with Novo Nordisk to combine Genevant's proprietary LNP technology with innovative mRNA-based megaTAL technology to develop an in vivo gene editing treatment for hemophilia A. Genevant's collaboration with Novo Nordisk builds upon a joint research and development collaboration in hemophilia A between Novo Nordisk and 2seventy bio previously announced by 2seventy bio.The agreement announced today arises from the exercise of an option under a prior agreement between Genevant and 2seventy bio and subsequently assigned by 2seventy bio to Novo Nordisk. The financial terms of the agreement are in accordance with the option agreement negotiated between Genevant and 2seventy bio and as announced by 2seventy bio in January 2022.
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CBUS | Hot Stocks08:16 EST Cibus notes European draft report on regulation of plants obtained from NGTs - Cibus acknowledged the European Parliament's draft report on the European Commission proposal for regulation of plants obtained from New Genomic Techniques. The proposal is a result of a European Commission study, requested by EU Member States, which concluded that EU GMO legislation was not fit for purpose in relation to applications of NGTs in plants. NGTs include a variety of gene editing techniques leading to genetic changes classed as targeted mutagenesis and cisgenesis. The proposal describes a category of NGTs producing modifications that could be obtained in nature or by conventional breeding. These are determined to be 'Conventional-like' and would be regulated in the same way as conventional varieties. The proposal was adopted by the EU College of Commissioners at their meeting on July 5th, 2023 and was passed to the European Parliament and the Council of the European Union for review. "We welcome the proposal from the European Commission and the ambitious goals outlined by the European institutions," said Tony Moran, Cibus Senior Vice President of International Development and Government Affairs. "Europe initiated discussions on these techniques in 2008 but has since been overtaken by a growing number of countries that are benefitting through more enabling legislation. The proposed regulations improve alignment with EU trading partners and a timely adoption would be a significant boost for innovators particularly in academia and small and mid-sized enterprises who are actively developing NGT products that could contribute to a sustainable EU agri-food system." The draft report, published by the European Parliament Committee on the Environment, Public Health and Food Safety on 19th October, represents the first stage of their review and is a significant step in the passage of the proposal through the EU legislative procedure. The draft report recognizes the Commission proposal as a solid starting point and recommends further improvements to ensure the best possible usage of the techniques in the EU. These include clarification of the criteria for conventional-like NGT plants, freedom of choice for organic farmers to use NGTs plants and ensuring a science-based verification procedure . The Committee is aiming to finalise its report by January 2024 ahead of a vote in a plenary session of the European Parliament in February.
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ME | Hot Stocks08:15 EST 23andMe reports updated safety, preliminary efficacy data from Phase 1/2a study - 23andMe announced data from its ongoing first-in-human Phase 1/2a clinical trial evaluating the safety and efficacy of 23ME-00610, an investigational antibody targeting CD200R1. Updated data from the now completed dose escalation phase continue to showcase the manageable safety profile of 23ME-00610 at the dose levels tested, and highlight preliminary efficacy results in patients with advanced solid tumors. The presentations include pharmacokinetic, pharmacodynamic, safety, and efficacy data from 28 patients that enrolled between January 5, 2022 and May 15, 2023 in the dose escalation portion of the 23ME-00610 Phase 1/2a clinical trial who had received a median of 3 prior anticancer treatment regimens, 54% of whom had prior immunotherapy. Of the phase 1 patients enrolled across all doses of the dose escalation, there was a 52% stable disease rate. 23ME-00610 monotherapy was well-tolerated, with no dose-limiting toxicities or serious adverse events related to 23ME-00610, and no maximum tolerated dose was reached up to the maximum tested dose of 1400 mg every 3 weeks. Immune-related adverse events were observed at pharmacologically relevant doses, consistent with expected 23ME-00610-mediated immune modulation. Preliminary PK data support dosing 23ME-00610 every three weeks. 23ME-00610 has a favorable PK and PD profile, with median half-life of 11 to 13 days for doses greater than or equal to 200 mg, and saturated peripheral PD and dose-proportional exposure for doses greater than 60 mg. The combined safety, PK, PD, and preliminary efficacy data continue to support the evaluation of 23ME-00610 at the preliminary recommended Phase 2a expansion dose of 1400 mg every three weeks.
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AREN | Hot Stocks08:14 EST Arena Group to combine with Bridge Media - Arena Group announced that it has signed a definitive agreement under which the company will combine with Bridge Media, a wholly owned subsidiary of Simplify Inventions. In connection with the business combination, 5-Hour International will purchase $25M of common stock of the combined company and The Hans Foundation, will purchase $25M of preferred stock of New Arena. The Arena Group and Simplify previously announced the signing of a binding letter of intent between the parties on August 14. The proposed transaction is expected to expand the reach and capabilities of The Arena Group and provide it with growth capital while also reducing its debt and extending the terms on its existing debt facilities, further strengthening and fortifying The Arena Group's balance sheet. Under the terms of the agreement, The Arena Group stockholders will receive one share of common stock of New Arena for each share of The Arena Group common stock they own. Immediately following the proposed transaction, Simplify and 5-Hour are expected to hold 65% of all outstanding shares of New Arena common stock. Simplify has also agreed to purchase, from time to time at Arena's election, up to $20M of additional common equity in New Arena, for a period of one year following the closing date of the business combination, to be used for operations and growth. Pursuant to the proposed transaction, the existing assets of The Arena Group will be combined with the video programming, distribution, and production assets of Bridge Media Networks, including Bridge Media Networks' two 24-hour networks, NEWSnet and Sports News Highlights, as well as the automotive and travel properties Driven and TravelHost. In addition, The Arena Group will receive a five-year guaranteed advertising commitment of approximately $60M aggregate value from a group of consumer brands also owned by Simplify, including 5-hour Energy. The Arena Group intends to use a portion of the cash proceeds to reduce its debt by $26M from current levels. The board of directors of The Arena Group received a fairness opinion from Current Capital Securities in connection with the proposed business combination. The proposed transaction is expected to close in the fourth quarter of 2023 or first quarter of 2024 subject to the approval of The Arena Group's stockholders, the receipt of any required regulatory approvals and certain other closing conditions. Upon completion of the transaction, New Arena is expected to trade on the NYSE American under the ticker symbol (AREN).
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INDP | Hot Stocks08:13 EST Indaptus Therapeutics announces interim data from Phase 1 INDP-D101 trial - Indaptus Therapeutics announces interim data from the first cohort of four patients in the Phase 1 INDP-D101 trial of its lead compound, Decoy20. A broad expression of cytokines and chemokines associated with innate and adaptive anti-tumor immune responses was observed, while adverse events were generally tolerable and resolved within 30 minutes to three days. Decoy20 is designed to "re-set" the immune system's response to cancer. The poster was presented on November 4, 2023, at the Society for Immunotherapy of Cancer in San Diego "We are impressed that we saw short-term induction of more than 50 cytokines, chemokines and biomarkers and believe this is unprecedented with a single agent. These early data support our long-standing hypothesis that the Decoy platform may induce robust immune responses across multiple types of immune cells that we believe are important for the eradication of solid tumors," commented Indaptus CEO Jeffrey Meckler. As reported in the poster, trial subjects experienced transient induction of over 50 different biomarkers associated with immune responses, and generally anticipated transient adverse events. After the end of infusion, Decoy20 was cleared from the blood within 30 to 120 minutes. This rapid clearance and associated transient cytokine/chemokine induction are desired to avoid prolonged toxicity, often associated with longer term cytokine exposure. In contrast, therapeutics that are designed to be continuously present over weeks, months, or even years, such as CAR-T, can induce this type of toxicity. Peak cytokine and chemokine induction occurred within ~4 to 24 hours and most returned to baseline by 24-48 hours.
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CRBU | Hot Stocks08:13 EST Caribou Biosciences appoints Sundar Jagannath to Scientific Advisory Board - Caribou Biosciences announced the appointment of Sundar Jagannath, MD, to its scientific advisory board. With four decades of experience, Dr. Jagannath is a renowned expert in bone marrow transplantation and treating patients with multiple myeloma, and he is the director of the Center of Excellence for Multiple Myeloma at The Tisch Cancer Institute and professor of medicine, hematology and medical oncology, at Mount Sinai School of Medicine, New York.
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EEX | Hot Stocks08:12 EST Emerald Holding board approves extension, expansion of share buyback program - Emerald's Board of Directors approved an extension and expansion of the company's share repurchase program which allows for the repurchase of $25M of the company's common stock through December 31, 2024. Since the beginning of 2022, the company has bought back 7.9 million shares of common stock. Prior to this expansion, Emerald had $3M remaining available under its prior repurchase authorization
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POST | Hot Stocks08:12 EST Post Holdings' President, CEO Vitale to take medical leave of absence - Post Holdings announced that President and Chief Executive Officer Robert Vitale will be taking an unexpected medical leave of absence. At this time, it is too soon to know the course of treatment and timing of recovery. Consistent with Post's established emergency succession protocol, Post's Board of Directors has named Jeff Zadoks, currently Post's Executive Vice President and Chief Operating Officer, as interim CEO while Vitale is on leave. Zadoks has a long history with Post working closely with Mr. Vitale and the Board, serving in various roles at Post since 2011.
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ZBRA | Hot Stocks08:12 EST Zebra Technologies names Richard Hudson Chief Revenue Officer - Zebra Technologies announced Richard Hudson has been named Chief Revenue Officer or CRO. Hudson previously served as Senior Vice President and General Manager for the Europe, Middle East and Africa EMEA region. He succeeds Joe Heel who has served as the company's CRO since 2014.
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BDRBF | Hot Stocks08:11 EST Bombardier announces cash tender offer for certain senior notes - Bombardier announced the commencement of a tender offer to purchase for cash up to $110,000,000 aggregate purchase price of its outstanding Notes of the two series listed in the table below provided that the Company will only accept for purchase its 7.125% Senior Notes due 2026 having an aggregate purchase price of up to $75,000,000 and its 7.875% Senior Notes due 2027 having an aggregate purchase price of up to $35,000,000. The Tender Offer will be financed by the amounts raised in Bombardier's offering of new Senior Notes. The Tender Offer is being made pursuant to an Offer to Purchase dated November 6, 2023.
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ABL | Hot Stocks08:11 EST Abacus Life launches ABL Wealth - Abacus Life announced the launch of its new wealth division, ABL Wealth, powered by Dynasty Financial Partners, one of the country's leading wealth management platforms for independent wealth management firms. "Over the past two decades, Abacus has built an extensive and proprietary lifespan database in concert with the deep client relationships we have developed, which has enabled us to establish valuable longevity-based liquidity options for life insurance policies and create $150 million of liquidity each year for our clients. Utilizing our incredible wealth of lifespan data to be able to provide prospective and current clients with complementary custom financial planning and investment management services is the natural next step forward for Abacus," said Jay Jackson, Chief Executive Officer of Abacus. "With the ongoing support and expertise of Dynasty Financial Partners, we look forward to creating a valuable suite of services with a national footprint."
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NFE PBR | Hot Stocks08:10 EST New Fortress Energy charters Petrobras' FSRU Energos Winter starting December 20 - New Fortress Energy (NFE)announced that it has executed a definitive agreement to charter the Floating Storage and Regasification Unit, FSRU, Energos Winter from Petrobras (PBR) starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul, NFE's newest LNG import terminal in Santa Catarina, Brazil which will start commercial operations ahead of schedule in January 2024. "We are extremely pleased to reach this agreement with Petrobras and begin operations at the TGS terminal in Santa Catarina, Brazil ahead of schedule in January 2024. The TGS terminal is a unique, high-growth opportunity for NFE, as connection to the pipeline system in south Brazil offers a diverse and near-term set of opportunities across power and gas supply," said Andrew Dete, Managing Director of New Fortress Energy. The Energos Winter will be sub-chartered by NFE through the remaining term of the Petrobras charter with Energos infrastructure and then direct-chartered by NFE on a long-term basis with Energos. This will enable NFE to commence commercial operations at TGS in January 2024 and continue uninterrupted service on a long-term basis. Energos Infrastructure, the owner of the Energos Winter, is owned 80% by funds managed by Apollo and 20% by NFE. The transactions described in this press release are subject to customary terms and conditions
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ACOR | Hot Stocks08:10 EST Acorda Therapeutics submits new regulatory filings for approval of Inbrija - Acorda Therapeutics announced the submission of new regulatory filings for the approval of Inbrija in six countries in Latin America by its partner Biopas Laboratories. Inbrija is indicated in the United States for the intermittent treatment of OFF episodes in adult patients with Parkinson's disease, or PD, treated with carbidopa/levodopa. Biopas has submitted for marketing approval of Inbrija in Argentina, Colombia, Costa Rica, Ecuador, Panama and Peru. It expects to submit additional regulatory filings for approval of Inbrija in Chile in late 2023 and in Mexico and Brazil in 2024.
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BDRBF | Hot Stocks08:09 EST Bombardier announces launch of new issuance of senior notes - Bombardier announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2030. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, to fund the redemption of all of its outstanding 7.50% Senior Notes due 2025, of which there is $380 million aggregate principal amount outstanding on the date hereof, to finance the offers to purchase up to $110 million aggregate purchase amount of its outstanding 7.125% Senior Notes due 2026 and 7.875% Senior Notes due 2027, of which there is $1,200 million aggregate principal amount outstanding of the 2026 Notes and $1,892 million aggregate principal amount outstanding of the 2027 Notes on the date hereof, and/or for the repayment of other indebtedness, and for the payment of accrued interest and related fees and expenses. Consummation of the offering of the New Notes, the 2025 Notes Redemption and the 2026-2027 Tender Offer are subject to market and other conditions, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all. The 2025 Notes Redemption and the 2026-2027 Tender Offer are subject to certain conditions, including the completion of the offering of the New Notes prior to December 6, 2023, as it relates to the 2025 Notes Redemption, and prior to November 24, 2023, as it relates to the 2026-2027 Tender Offer.
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BTBT | Hot Stocks08:08 EST Bit Digital reports monthly production update for October 2023 - Bit Digital announced unaudited digital asset production and corporate updates for October 2023. In October 2023, the company produced 111.6 BTC, a 14% decrease compared to the prior month. The decrease was primarily driven by an increase in network difficulty, a power utility mandated maintenance outage that temporarily reduced operating hash rate at one location, and the relocation of miners from one hosting location following the conclusion of that hosting agreement. The company's active hash rate was approximately 2.0 EH/s as of October 31, 2023. Treasury holdings of BTC and ETH were 511.1 and 16,022.5 with a fair market value of approximately $17.7M and $29.1M, respectively, on October 31. The BTC equivalent of our digital asset holdings as of October 31, 2023, was approximately 1,394.4 or approximately $48.3M. The company had cash and cash equivalents of $24.4M as of October 31. The company had approximately 12,752 ETH actively staked in native and liquid staking protocols as of October 31. Approximately 12,352 were natively staked and 400 ETH were deployed in liquid staking protocols as of that date. Bit Digital earned a blended APY of approximately 4.25% on its staked ETH position for October. The company earned aggregate staking rewards of approximately 46.08 ETH during October.
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BDRBF | Hot Stocks08:08 EST Bombardier announces conditional notice of redemption of senior notes - Bombardier has issued a conditional notice of redemption for all of its outstanding 7.50% Senior Notes due 2025. As set forth in the conditional notice of redemption issued today in respect of the Notes, the redemption date is December 6, 2023, and the redemption price is 100% of the principal amount redeemed, plus accrued and unpaid interest. The redemption of the Notes is subject to and conditioned upon Bombardier completing a new offering of debt securities in the aggregate principal amount of not less than US$500 million before the Redemption Date; however, Bombardier may delay or waive this condition in its sole and absolute discretion.
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KROS | Hot Stocks08:07 EST Keros Therapeutics expects cash to fund requirements into 4Q25 - Keros' cash and cash equivalents as of September 30, 2023 was $287.9 million compared to $279.0 million as of December 31, 2022. Keros expects that the cash and cash equivalents it had on hand at September 30, 2023 will enable Keros to fund its operating expenses and capital expenditure requirements into the fourth quarter of 2025.
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NEM NCMGY | Hot Stocks08:07 EST Newmont completes acquisition of Newcrest Mining - Newmont (NEM) announced it has completed the acquisition of Newcrest Mining (NCMGY). "Today marks a historic milestone in our company and the industry with the successful completion of this transformational acquisition of Newcrest by Newmont," said Tom Palmer, Newmont's president and CEO. "Our attention now turns to safely, efficiently, and responsibly integrating Newcrest's assets and people into Newmont's proven operating model, so we can accelerate the delivery of our value-focused strategy for all our stakeholders."
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POST | Hot Stocks08:05 EST Post Holdings sees 2023 adjusted EBITDA $1.2B-$1.26B - Post management expects Adjusted EBITDA for fiscal year 2024 to be between $1,200-1,260 million. This guidance excludes any contribution from the previously announced acquisition of Perfection Pet Foods, LLC, which is expected to be completed late in the fourth calendar quarter of 2023, Post's first quarter of fiscal year 2024, subject to customary closing conditions.
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PXLW | Hot Stocks08:04 EST Pixelworks continues collaboration with MediaTek - Pixelworks announced that MediaTek has adopted the company's visual processing Pro Software solution in its new Dimensity 9300 flagship SoC for smartphones. Pixelworks' professional color calibration solution significantly enhances the color display capabilities of the Dimensity 9300 5G chipset to deliver smoother picture quality and more accurate color display for pictures, videos and gaming animations on mobile devices, resulting in improved gaming visual experiences for end users.
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MRAI | Hot Stocks08:03 EST Marpai appoints Damien Lamendola as CEO, Steve Johnson as CFO - Marpai appointed Damien Lamendola as its new CEO, replacing Edmundo Gonzalez, co-founder and now former CEO. Lamendola has been on Marpai's board of directors since April 2021, and he will remain on the Board. He is also the largest beneficial shareholder of the company. In addition, Steve Johnson will be joining Marpai as CFO, joining Lamendola on the company's management team, and replacing the company's current CFO, Yoram Bibring. Additionally, Mike Dendy, a healthcare industry veteran, will be joining the Board. Lamendola founded WellDyne, a pharmacy benefit manager, in 2002, which he sold to the private equity firm, The Carlyle Group, in 2016. He is also the founder of Continental Benefits, a third-party administrator, which was sold to Marpai in 2021. Lamendola is also the CEO of HillCour Holding, an investment firm with holdings in various healthcare companies. Mike Dendy built HPS Paradigm Administrators into one of the preeminent TPA's in the country before selling it in 2004. He then founded and built Advanced Medical Pricing Solutions. He is now CEO of CarynHealth.
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FURY | Hot Stocks08:00 EST Fury Gold Mines announces results from drill holes at Percival Main - Fury Gold Mines announced results for the first five 2023 core drill holes from the Percival Main prospect, located 14 kilometers east of the high-grade Eau Claire gold deposit in the Eeyou Istchee Territory in the James Bay region of Quebec. Drill hole 23KP-015 targeted a 70 meterstep out from the 2022 drilling on the eastern flank of the known Percival Main mineralization and intercepted 279 g/t Au over 1.5 m, 5.0m of 2.68 g/t gold and 7.5m of 2.31 g/t gold. Drill hole 23KP-015 is on the easternmost section completed to date at Percival Main which remains open in all directions. Three drill holes targeted the westerly continuation of the high-grade intercept reported from drill hole 22KP-008. These drill holes intercepted 22.5m of 0.52 g/t gold from 23KP-009; 19.5m of 0.66 g/t gold from 23KP-010 and; 52.5m of 0.34 g/t gold from 23KP-011. Results for a single hole testing the easterly continuation of the same 2022 intercept encountered additional broad zones of mineralization including 48.5m of 0.86 g/t gold, 16.5m of 1.42 g/t gold, including 11.55 g/t gold over 1.5m, and 14m of 1.09 g/t gold from 23KP-012. Notably, the intercepts reported from drill hole 23KP-012 occur approximately 125m down plunge to the east of the reported 2022 drill intercept of 8.05 g/t gold over 13.5m. "The Percival Prospect has been an important focus for Fury given its potential for additional discovery. Today's results are exciting in that they represent the third highest-grade intercept reported for the entire Eau Claire project and the furthest step out to the east, giving us renewed confidence in our geological assumptions," commented Tim Clark, CEO of Fury. "Looking forward, we have an additional 3,700m of drill results still pending from Percival, including two holes targeting biogeochemical anomalies further east of Percival Main along the highly prospective Cannard Deformation Zone. As for the Eau Claire resource, our drill remains in operation with additional results expected in the coming weeks and months."
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BKYI | Hot Stocks07:58 EST BIO-key awarded $800k follow-on order for biometric user authentification - BIO-key International announced that one of the world's most respected government defense ministries has selected and awarded BIO-key a new $800k order, leveraging a previously announced three-year purchasing agreement. The defense ministry is accelerating its deployment of BIO-key biometric authentication to secure, yet simplify, access to its most critical information systems. This order, along with portions of earlier $340k and $150K orders received in Q3'23, is expected to be recognized during Q4'23. The defense ministry continues to expand its BIO-key user authentication deployment into new programs and user scenarios, delivering convenient phoneless, tokenless, and passwordless authentication access to digital services for over 30,000 users. BIO-key expects that expansion of the programs using its solution to additional defense ministry personnel will result in other awards in future periods. Jim Sullivan, BIO-key's SVP Strategy and Chief Legal Officer, said, "When the stakes are at their highest, security must be uncompromising yet user-friendly. BIO-key's relationship with this innovative customer continues to expand, as does interest from the defense vertical in general. Last week, we were pleased to announce the addition of another new government defense ministry customer. We are pleased to be trusted to provide the highest level of security possible by biometrically ensuring only the right user accesses the most sensitive information. BIO-key has a long history of providing very secure and robust solutions in government, defense, finance, retail, and other highly regulated industries, and we are finding that our superior user experience and cost-saving tokenless solution translates well to enterprise authentication."
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LASE | Hot Stocks07:56 EST Laser Photonics to announce maritime laser cleaning commercial - Laser Photonics Corporation has announced it will be releasing a first of its kind commercial introducing the company's Handheld Marine Application Rust Laser Inhibitor, MARLIN, line of laser cleaning products to the maritime industry. 'To the best of our knowledge, this will be the first laser cleaning commercial of its kind to be aired to the public,' said Wayne Tupuola, CEO of Laser Photonics. 'We are excited to introduce the power of our cutting-edge laser cleaning equipment to marina operators, boatyard workers and ship owners.'
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CAHPF | Hot Stocks07:56 EST Evolution Mining, Northern Superior enter earn-in, JV agreement - Northern Superior Resources announces that it has granted Evolution Mining an option to acquire a 75% undivided interest in the mining claims known as the Company's October Gold Project by incurring an aggregate of C$7 million in expenditures and making cash payments totaling C$1.1 million. Evolution is a leading gold company with a market capitalization of more than C$5 billion currently operating five wholly owned mines in Australia and Canada. The October Gold Project is a district scale property consisting of 1,284 claims covering an area of 265 km2 located in northeastern Ontario, 105 km southwest of Timmins, within the southern Swayze portion of the prolific Abitibi Greenstone Belt, approximately 35 km northwest of IAMGOLD Corporation's Cote Lake project and approximately 50 km southeast of Newmont Corporation's Borden Lake mine. The October Gold Project is part of the Ontario assets subject to the spinoff transaction announced by the Company on July 10, 2023. Upon closing of the spinoff transaction, the Agreement will remain in full force and is expected to be assigned to the spinoff company. The Option was granted pursuant to an earn-in and joint venture agreement dated November 6, 2023. Under the terms of the Agreement, Evolution can earn a 75% interest in the October Gold Project by making certain cash payments and funding certain expenditures as follows: incurring an aggregate of C$7,000,000 in expenditures on the October Gold Project as per the following schedule: an amount of at least C$1,500,000 on or before the second anniversary of the Earn-In Agreement; an additional amount of at least C$1,000,000 on or before the third anniversary of the Earn-In Agreement; an additional amount of at least C$2,000,000 on or before the fourth anniversary of the Earn-In Agreement; and an additional amount of at least $2,500,000 on or before the fifth anniversary of the Earn-In Agreement; paying to the Company an aggregate cash payment of C$1,100,000 as per the following schedule: an amount of C$350,000 within 20 Business Days following the execution of the Earn-In agreement; an amount of C$300,000 within 60 Business Days following the third anniversary of the Earn-In Agreement; and an amount of C$450,000 within 60 Business Days following the fifth anniversary of the Earn-In Agreement. In the event that Evolution completes the Option and acquires a 75% undivided interest in the October Gold Project, a joint venture shall be formed in accordance with the terms of the Agreement.
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PRKR QCOM | Hot Stocks07:54 EST ParkerVision announces oral arguments in Qualcomm case - ParkerVision (PRKR) is scheduled to appear at the United States Court of Appeals for the Federal Circuit this morning for oral arguments in ParkerVision v. Qualcomm (QCOM). ParkerVision filed its notice of appeal in April 2022 following rulings by the U.S. District Court in the Middle District of Florida in the Company's patent infringement case against Qualcomm that resulted in the court closing the case file and terminating ParkerVision's right to a jury trial. ParkerVision CEO Jeffrey Parker commented, "I have been contacted by many shareholders with questions about the appealed rulings in this case. All of the legal briefs filed with the CAFC in this case are available on our website at https://parkervision.com/pvcase-jrk-2/. In addition, the Company has posted an overview of the district court rulings that are subject to this appeal, along with a summary of the underlying facts, evidence and arguments presented in our briefs to the CAFC, and the expected impact of each of these rulings on the case. This document can be found at Case Appeal Overview.
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WLDS AAPL | Hot Stocks07:53 EST Wearable Devices updates Apple TV experience through gesture control - Wearable Devices (WLDS) announced a new technology feature for the Mudra Band which allows users to control their Apple (AAPL) TV device using touchless hand movements, such as swiping fingers across as if they are using an imagined virtual Directional Pad, or D-pad. This new technology offers the ability to use the Mudra Band either as a pointing device, or as a wearable touchless directional pad interface. "With the integration of the directional pad interface, interacting with digital devices has never been easier. Our intuitive interface and user-experience brings a new level of convenience at your fingertips, whether you're a seasoned tech enthusiast or a casual user," commented Asher Dahan, Chief Executive Officer of Wearable Devices. "Our commitment to delivering exceptional user experiences is reflected in all aspects of this new feature. This technology makes interaction with digital device more accessible to everyone and it perfectly aligns with our product philosophy and Company vision for setting the input standard for extended reality experiences."
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SGNLF | Hot Stocks07:52 EST Signal Gold amends Nebari credit facility - Signal Gold has executed an amendment to its credit facility dated February 16, 2023 with Nebari Gold Fund 1 LP, Nebari Natural Resources Credit Fund I LP, and Nebari Natural Resources Credit Fund II LP. Under the terms of the amendment, the interest capitalization period in the Credit Agreement shall be extended by six months from March 31, 2024 to September 30, 2024. "Signal Gold is pleased to announce this amendment to its credit agreement with Nebari, a key partner in our continued advancement of the Goldboro Project in eastern Canada. While junior development companies are experiencing challenging equity markets, this amendment provides the Company with the near-term flexibility to continue to responsibly progress the Goldboro Project by focusing on key value-add initiatives including the advancement of key Project permit applications and continued exploration and regional work on our significant exploration land package to demonstrate the gold camp potential of the Goldboro Gold District," said Kevin Bullock, President and CEO, Signal Gold Inc.
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RVVTF | Hot Stocks07:52 EST Revive Therapeutics enters worldwide agreement with Lawson Health Research - Revive Therapeutics, newly-formed subsidiary, Revive Diagnostics, announced that it has entered into a license agreement with Lawson Health Research Institute for the worldwide exclusive rights to novel blood biomarkers that characterize long COVID. The discovery of the biomarkers identified by a research team at Lawson, led by Dr. Douglas Fraser, was recently published in the journal, Molecular Medicine. "We are very excited to commercialize a potential world-first patented diagnostic solution for long COVID, which may have the ability to help millions of people globally in being correctly diagnosed so that appropriate medical interventions and treatments can be offered to improve quality of life and reduce the economic burden experienced by countries," said Michael Frank, CEO of Revive.
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BABYF | Hot Stocks07:51 EST Else Nutrition announces United Kingdom market launch - Else Nutrition announced the launch of its highly acclaimed, Plant-Based Complete Nutrition Toddler Drink in the United Kingdom, cementing its presence through partnerships with leading UK distributors. This milestone is a direct result of the Company's strategic initiatives to expand into new international markets and marks the Company's first foray into the multi-billion-dollar European market. "Entering the UK is a game-changer for us and for health-aware families, as we introduce our products both online and in stores," said Hamutal Yitzhak, CEO of Else Nutrition. "The UK represents our first entry into the lucrative European market, and we expect to enter additional European countries in the near term. Moreover, Europe is an ideal market for our products given consumer preferences and trends towards healthy and nutritious plant-based options, especially for their children. Feedback from our partners has been overwhelmingly positive, and we anticipate sharing key upcoming milestones as we progress."
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AYRWF | Hot Stocks07:51 EST Ayr Wellness announces opening Ohio dispensaries in Woodmere, Goshen - AYR Wellness announced the opening of two Ohio retail locations in Woodmere and Goshen. The Woodmere store opens today and the Goshen store is expected to open later this week. "Ohio is one of the most promising cannabis markets in the country, with a growing medical program and adult-use legalization to appear on this week's ballot referendum," said David Goubert, President and CEO of AYR. "Via our support relationship with Twice the Wellness in Woodmere and Heaven Wellness in Goshen, we look forward to building a great relationship with customers and both local communities."
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BIIB MMM | Hot Stocks07:50 EST Biogen appoints Patolawala to board of directors - Biogen (BIIB) announced the appointment of Monish Patolawala, currently President and Chief Financial Officer of 3M Company (MMM), to the Company's Board of Directors, effective January 1, 2024. As an accomplished financial executive, Patolawala is qualified as an Audit Committee financial expert and may be asked to serve as a member of the Board's Audit Committee.
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BDRBF | Hot Stocks07:49 EST Bombardier announces annual Safety Standdown conference - Bombardier's industry-leading Safety Standdown, a 'must-attend' safety conference promoting invaluable lifelong learning opportunities, is set to run November 7-9 at the Hyatt Regency Hotel in Wichita, KS. The 27th edition of this comprehensive three-day conference features unique learning opportunities, dynamic workshops and cutting-edge presentations by award-winning safety experts and thought leaders. This free safety event is open to all aviation professionals regardless of the aircraft type they operate. This year's theme "Integrity in Safety" focuses on the importance of aviation professionals in all disciplines to be strong safety role models ensuring their actions, values and processes are appropriately aligned at all levels of their organizations. The "Integrity in Safety" premise poses key questions to both aviation professionals as well as their broader aviation teams - and seeks answers to the question, "Are we doing all we can to raise the safety bar industry-wide?"
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AMST | Hot Stocks07:49 EST Amesite announces partnership expansion with Benedict College - Amesite announces it has expanded its partnership with Benedict College, building on their successful pilot program through the NAFEO-Amesite Alliance. The Alliance is offering this program to NAFEO's approximately 180 associated member colleges and universities, in order to expand these institutions' capability to deliver professional learning, and drive impact and revenue. This partnership expansion follows Amesite's recently announced risk-free offering for higher education. The offering includes an array of benefits including ease of adoption, revenue generation, and brand leverage. The offering enables higher education institutions to offer professional education and workforce training programs at accessible price points, that enable learners to advance their careers. "We are thrilled that Benedict is taking the step with us to drive educational impact and revenue," said Amesite CEO, Dr. Ann Marie Sastry. "With our streamlined, no-risk purchase offer - our customers are able to deliver a vast range of learning programs through their branded platforms at an unparalleled pace."
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GLPG | Hot Stocks07:49 EST Galapagos signs manufacturing agreement for CAR-T cell therapy - Galapagos has signed a multi-year strategic manufacturing agreement with Landmark Bio, a collective endeavor to accelerate development and industrialization of next-generation genomic medicines. Landmark Bio will perform GMP manufacturing of clinical trial batches of Galapagos' development programs of CAR T-cell therapies in hematology-oncology in the Boston metropolitan area. The manufacturing agreement aims at implementing Galapagos' novel decentralized CAR-T manufacturing model, designed to enable clinicians to administer CAR T-cells within a median of seven days of leukapheresis, thereby aiming to address important limitations of current CAR-T treatments. Financial terms of the agreement were not disclosed.
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HGV BVH | Hot Stocks07:48 EST Hilton Grand Vacations to acquire Bluegreen Vacations for $1.5B - Hilton Grand Vacations (HGV) announced that it has entered into a definitive agreement to acquire Bluegreen Vacations (BVH) for $75 per share in an all-cash transaction, representing total consideration of approximately $1.5B, inclusive of net debt. The acquisition is also expected to include an exclusive marketing agreement with Bass Pro Shops and its base of outdoor lifestyle enthusiasts. Expanding on Bluegreen Vacations' existing relationship, HGV also announced today that it has signed a new 10-year exclusive marketing agreement with Bass Pro Shops. Under the terms of the agreement, Bluegreen Vacations stockholders are expected to receive $75 in cash for each share of Bluegreen Vacations. The all-cash transaction values Bluegreen Vacations at approximately $1.5B, inclusive of net debt. The transaction, which was unanimously approved by the board of directors for both companies, is expected to close during the first half of 2024 and is subject to customary closing conditions and regulatory approvals. HGV's management team, including president and CEO Mark Wang, chief financial officer Dan Mathewes, and chief operating officer Gordon Gurnik, will continue to serve in their current roles upon transaction close.
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BDTX | Hot Stocks07:48 EST Black Diamond Therapeutics expects cash to fund requirements into 1H25 - Black Diamond ended the third quarter of 2023 with approximately $144.3 million in cash, cash equivalents and investments which the Company believes is sufficient to fund its anticipated operating expenses and capital expenditure requirements into the first half of 2025.
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IFRX | Hot Stocks07:47 EST InflaRx announces first patient dosed in Phase III trial - InflaRx N.V. announced that the first patient has been dosed in its Phase III study investigating the efficacy and safety of vilobelimab in ulcerative PG, a rare neutrophilic and inflammatory skin disease characterized by destructive, painful cutaneous ulcers. "We are pleased that the first patient has been dosed in the U.S. in our pivotal Phase III study with vilobelimab for the treatment of ulcerative pyoderma gangrenosum. There are currently no approved treatments for this debilitating disease in either the U.S. or Europe, and therefore, there remains a high unmet medical need for these patients," said Dr. Camilla Chong, MD, Chief Medical Officer of InflaRx. "The Phase III study builds on our promising Phase II clinical results, and we look forward to the continual collaboration with external experts with the ultimate goal of helping patients that are suffering from this devastating condition." The Phase III clinical study is designed to enroll patients worldwide, including countries such as the U.S., countries in Europe, and Australia. The multi-national, randomized, double-blind, placebo-controlled trial has two arms: one arm receiving vilobelimab plus a low dose of corticosteroids and another arm receiving placebo plus the same low dose of corticosteroids. In both arms, corticosteroid treatment will be initiated on day 1 and will be tapered off within the first 8 weeks of the trial. The primary endpoint of the study is complete closure of the target ulcer at any time up to 26 weeks after initiation of treatment.
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SCNI | Hot Stocks07:47 EST Scinai Immunotherapeutics announces award of non-dilutive grant from IIA - Scinai Immunotherapeutics announced that the Israel Innovation Authority, IIA, has approved a non-dilutive grant covering 66% of the costs of an approximately $900,000 project aimed at ramping up Scinai's new CDMO business unit. The grant is neither subject to repayment nor tied to royalty payments of any kind. The publicly funded IIA is part of Israel's Ministry of Economy. Following intensive due diligence, the IIA recognized Scinai's capabilities to fill an underserved need in Israel's pharmaceutical R&D ecosystem. In particular, the IIA believes that Scinai's state-of-the-art GMP biologics manufacturing facility and adjacent R&D and QC laboratories, along with its experienced personnel, are well-positioned to provide highly sought-after R&D and manufacturing services. Amir Reichman, Scinai's CEO, commented, "I thank the IIA for its support of Scinai's plans and their concrete belief in the potential of our business to generate value for stakeholders. This meaningful non-dilutive grant, which is not subject to repayment, will not only advance our CDMO business unit, but also provide much needed relief to our financial position, thereby also indirectly helping our R&D business unit's drive towards developing our innovative NanoAb-based drug pipeline and clearing the path towards developing Scinai into a company that provides significant benefits to the local and global biopharma and biotech industries, as well as to patients and investors."
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SBUX | Hot Stocks07:45 EST Starbucks to raise pay for certain U.S. retail hourly partners on January 1 - Sustained investment in retail partner pay remains a priority. Starbucks moved the wage floor for all U.S. retail hourly partners to $15 per hour in 2022 and has continued to add incremental increases, while recognizing and rewarding tenure. Starting with competitive pay - Starbucks provides U.S. hourly retail partners an average wage of nearly $17.50 per hour, a wage range between $15 and $24 per hour and a total compensation, with benefits, of approximately $27 per hour. Effective January 1, eligible U.S. retail hourly partners will see an incremental pay increase come to life, with at least a 3% increase and differentiated pay for eligible tenured partners. Eligible partners with 2-5 years of service will get at least 4% and those with 5 or more years of service will get at least 5%.
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LGIQ | Hot Stocks07:45 EST Collective Audience issues shares to Logiq for special dividend distribution - Collective Audience has issued 3,762,000 of its common stock to Logiq in connection with the business combination involving Logiq's now former subsidiary, DLQ, Inc., and Abri SPAC I. The newly combined company was renamed Collective Audience, Inc. Abri, which as previously traded on Nasdaq as ASPA, ASPAW and ASPAU, announced the completion of the business combination on November 2, 2023. On the same day, Logiq declared a special dividend distribution of the 3,762,000 shares of Collective Audience common stock to Logiq stockholders of record as of the dividend record date. The dividend will be distributed at a ratio of 0.027 shares of Collective Audience common stock per each one share of Logiq common stock. Logiq reports that the dividend distribution process has begun, but no dividend of Collective Audience common stock has been issued or delivered to Logiq shareholders as of today's date. Logiq has indicated that the actual delivery date and receipt of the dividend by shareholders may be delayed in some instances due to administrative factors and timing may vary depending upon the number of Logiq shares held on the record date, where they were being held, as well as other factors. Logiq announced that it has received reports that certain brokerage firms have prematurely or erroneously credited their client's accounts with the dividend distribution of the Collective Audience shares. Further, some of these firms have facilitated the sale of the shares without having the actual shares in their possession, to the potential detriment of all shareholders including those at other brokerage firms who are adhering to well established regulatory policies and procedures. Logiq expects any such sales of Collective Audience shares could result in a failure to deliver upon the trade settlement date. Logiq states it is investigating the matter and that it plans to pursue all corrective measures and remedies, legal or otherwise, as appropriate. To be clear, according to Logiq, no dividend shares have yet been delivered to any holders of record of Logiq that are entitled to receive such dividend distribution of shares as described in Logiq's filings with the U.S. Securities and Exchange Commission.
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LTHCF | Hot Stocks07:43 EST Lithium Ionic reports drill results from Bandeira Project - Lithium Ionic reports additional results from an ongoing drilling program at the Bandeira Project, located in northern Minas Gerais State, Brazil. The Company is rapidly advancing Bandeira, situated within the emerging "Lithium Valley", where two lithium producers currently operate. These results form part of a large 50,000-metre drill program underway for H2 2023, which is focused on expanding and upgrading existing mineral resource estimates to support a planned Feasibility Study, as well as grow the known mineralization at other prospective regional targets. Bandeira Drill Intercept Highlights: 1.64% Li2O over 13.5m, including 2.06% Li2O over 7.8m, as well as 1.78% Li2O over 5.8m; 1.37% Li2O over 10.4m and 1.65% Li2O over 4.3m; 2.18% Li2O over 5.8m; 1.95% Li2O over 5.7m; 1.50% Li2O over 6.7m; 3.57% Li2O over 2.4m, 1.54% Li2O over 4.7m and 1.84% Li2O over 3.3m; 1.57% Li2O over 5.0m; 1.32% Li2O over 5.2m; 1.69% Li2O over 4.0m and 1.78% Li2O over 3.8m; 1.46% Li2O over 4.4m; Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, "The multiple intercepts of significant widths, and above our resource grade, announced today demonstrates the potential for the mineral resources at Bandeira to quickly keep expanding and improving. We believe this additional infill drill data will support significant resource conversion, ultimately reinforcing and potentially enhancing the excellent results from our PEA."
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SLSSF | Hot Stocks07:41 EST Solaris Resources appoints Javier Toro as COO of Warintza Prokect - Solaris Resources announce the appointment of Mr. Javier Toro as COO to lead the advancement of the Warintza Project in southeastern Ecuador starting January 1st. In addition, the Company reports that it is in advanced discussions on a $80 million offtake financing package to fund the Project through studies and permitting. Highlights: Mr. Toro is a Mining Engineer with over 25 years of experience leading the design and execution of engineering and economic studies for global scale open pit copper projects in the Americas; During an 11-year tenure with Hudbay Minerals, Mr. Toro held progressively more senior roles, most recently as Vice President, Mining Technical Services, with prior executive and director-level roles in mining, technical services, and mine optimization; Mr. Toro provided management of National Instrument 43-101 Technical Reports, Preliminary Economic Assessments, Pre-Feasibility and Feasibility Studies for various copper projects, including the Constancia mine in Peru and Copper World mine in the United States; Developed a strong industry reputation hosting site visits for investors, analysts, financial and strategic parties in connection with tours, financing and M&A due diligence reviews; The Company reports that it is in advanced discussions on a US$80 million offtake financing package to fund the Warintza Project through studies and permitting. There are a number of conditions to closing the US$80 million financing that need to be satisfied, including entering into definitive documentation, and there can be no assurance that the parties will agree on definitive documentation or that the financing will be completed.
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ABOS HALO | Hot Stocks07:40 EST Acumen, Halozyme enter global collaboration, license agreement - Acumen Pharmaceuticals (ABOS) announced a global non-exclusive collaboration and license agreement with Halozyme Therapeutics (HALO). The collaboration will provide Acumen access to Halozyme's ENHANZE drug delivery technology, based on a recombinant human hyaluronidase PH20 enzyme, for the development of a subcutaneous formulation of ACU193, the first clinical-stage AbetaO-targeting antibody. ENHANZE has been commercially validated in seven approved therapies, with global collaborations covering more than 60 therapeutic targets. Acumen intends to explore using ENHANZE with ACU193 and plans to initiate Phase 1 development in human subjects in mid-2024 to compare the pharmacokinetics of a subcutaneous form of ACU193 to the intravenous form. Acumen recently completed the Phase 1 INTERCEPT-AD trial in patients with early AD, which demonstrated robust, dose dependent target engagement for ACU193 and additionally produced amyloid plaque reduction following three administrations of ACU193 at 25 mg/kg or 60 mg/kg. At or near a three-month timepoint, ACU193 reduced amyloid plaque to a comparable level as that observed with administration of LEQEMBI. Under the terms of the agreement, in return for an upfront payment to Halozyme and other considerations, Acumen will receive non-exclusive rights to ENHANZE. Acumen is obligated to make future payments to Halozyme, subject to achievement of specified development, regulatory and sales-based milestones. Halozyme will also be entitled to receive royalties on sales of commercialized medicines using the ENHANZE technology.
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EMOTF | Hot Stocks07:38 EST Emerita Resources announces additional assay results from La Romanera - Emerita Resources announced additional assay results from the ongoing drilling program at La Romanera deposit, part of Emerita's wholly owned Iberian Belt West project. IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. Results contained in this release are from La Romanera. All deposits are open for expansion. The Company presently has 4 diamond drills operating at La Romanera and one drill that is on the first hole at the Nuevo Tintillo project - located approximately 85 km to the east of IBW. Metallurgical work for the IBW project is in progress at the Wardle Armstrong metallurgical test facility in the United Kingdom. This test work is expected to conclude near the end of November 2023. Four samples are currently being evaluated, three from La Romanera and one from La Infanta. Assays have been received for diamond drill holes LR156 and LR157. These two holes have been surveyed using downhole electromagnetic surveying which has indicated that mineralization continues below both drill holes down plunge to the west, confirming the deposit extends further at depth. Drill hole LR159 has intercepted approximately 44 meters of massive sulphides and assays are pending for this intercept. According to Joaquin Merino, P.Geo., President of Emerita, "We continue to see a very thick massive sulphide zone at La Romanera where drilling is expanding the deposit beyond the recently announced mineral resource estimate at IBW. Given these are some of the thickest massive sulphides we have seen to date at La Romanera, in addition to the DHEM indicating continuity to depth, we are optimistic there continues to be significant room to expand this deposit." Drill hole LR156 intersected 24.2 meters grading 0.5% Cu; 0.8% Pb; 1.9% Zn, 1.07 g/t Au and 38.1 g/t Ag, including 5.0 meters grading 0.4% Cu; 2.8% Pb; 6.6% Zn, 1.47 g/t Au and 75.4 g/t Ag. True thickness is approximately 75 - 80 %. Drill hole LR157 intersected 51.6 meters grading 0.5% Cu; 1.1% Pb; 1.5% Zn, 0.46 g/t Au and 26.1 g/t Ag, including 6.0 meters grading 0.2% Cu; 1.6% Pb; 5.5% Zn, 0.98 g/t Au and 58.8 g/t Ag and 5.6 meters grading 0.4% Cu; 1.8% Pb; 2.1% Zn, 0.89 g/t Au and 38.5 g/t Ag. True thickness is approximately 75 - 80 %.
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XXII | Hot Stocks07:36 EST 22nd Century remains 'committed' to exploring wide range of alternatives - On September 5, 2023, the Company announced its intent to explore strategic alternatives, enlisting TD Cowen as its advisor, in an effort to maximize shareholder value. While the initial focus was primarily on 22nd Century Inc.'s tobacco portfolio, the Company subsequently received indications of interest regarding its other assets, in addition to tobacco. The Company continues to be committed to the process of exploring a wide range of strategic, operational, and financial transactions and alternatives.
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HALO ABOS | Hot Stocks07:36 EST Halozyme enters non-exclusive license agreement with Acumen Pharmaceuticals - Halozyme Therapeutics (HALO) announced a global collaboration and non-exclusive license agreement with Acumen Pharmaceuticals (ABOS) that provides Acumen access to Halozyme's ENHANZE drug delivery technology, a proprietary recombinant human hyaluronidase PH20 enzyme for rapid subcutaneous drug delivery, for a single target. Acumen intends to explore the potential use of ENHANZE for ACU193, Acumen's clinical-stage monoclonal antibody candidate to target Amyloid-beta Oligomers for the treatment of early Alzheimer's disease. Under the terms of the agreement, Acumen will make an upfront payment to Halozyme, and potential future milestone payments related to development progress, regulatory approvals, and sales attainment. Halozyme will also be entitled to single digit royalties on net sales of commercialized medicines with the ENHANZE technology.
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HUBB | Hot Stocks07:35 EST Comvest Partners to sell Systems Control to Hubbell in transaction, no terms - Comvest Partners announces the execution of a definitive agreement to sell Systems Control to Hubbell, a manufacturer of utility and electrical solutions. Systems Control has been a portfolio company in Comvest's private equity strategy since 2018. The transaction is expected to close by the end of the year. "This successful outcome highlights Comvest's expertise in helping companies achieve their growth objectives as well as our investment leadership in the infrastructure services space. We are excited for the Company's future as part of Hubbell," added Maneesh Chawla, a Managing Partner at Comvest. Brad Lebouef, Chief Executive Officer at Systems Control, said, "Comvest supported System Control's vision for growth throughout our partnership, providing both capital and invaluable support key to the achievement of our desired growth milestones. We are appreciative of Comvest's stewardship and look forward to our next chapter with the terrific team at Hubbell."
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FREY | Hot Stocks07:35 EST Freyr Battery provides update on U.S. redomiciling - Freyr Battery has announced that it will be holding an extraordinary general meeting of shareholders on December 15, in connection with its previously announced process to redomicile from Luxembourg to the U.S. The company said, "After considering various factors, FREYR's board of directors believes that redomiciling to the United States will enhance shareholder value over the long-term by providing potential strategic opportunities and benefits, including: Simplifying FREYR's corporate structure and streamlining reporting requirements, which will (i) facilitate efforts incurred by FREYR to assess, implement and remain compliant with multiple regulatory and reporting requirements for FREYR on a consolidated basis, and (ii) provide opportunities for FREYR to improve operational efficiencies and financial flexibility in the corporate treasury, cash management, risk management and tax functions; Enhancing FREYR's eligibility for inclusion in equity indexes and trigger associated benchmarking from actively managed funds, thereby delivering a significant uplift in fund flows to its ordinary shares; Benefiting from well-established principles of corporate governance under Delaware law, which are more closely aligned with the New York Stock Exchange listing standards and the U.S. Securities and Exchange Commission ("SEC") governance requirements; and Positioning FREYR to better respond to global tax developments and U.S. incentive programs for battery manufacturers, considering recent changes in U.S. tax laws and federal incentive programs. Pending a successful shareholder vote, closing of the planned redomicile to the United States is expected to be completed by December 31, 2023."
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ATNM | Hot Stocks07:33 EST Actinium Pharmaceuticals' Actimab-A shows immunotherapy potential - Actinium Pharmaceuticals announced data presented at Society of Immunotherapy of Cancer Annual Meeting further supporting Actimab-A, the company's clinical stage targeted radiotherapeutic comprised of the CD33 targeting antibody lintuzumab and the Actinium-225 alpha-particle emitting payload. The poster highlighted Actimab-A's ability to target and deplete myeloid-derived suppressor cells - MDSCs -, which uniformly express CD33. MDSCs are a cell population of interest as they remodel the tumor environment and promote immune evasion. Actinium believes Actimab-A has the potential to be used in combination with immunotherapy, including immune checkpoint inhibitors, to enhance antitumor immunity via targeted MDSC depletion.
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POET | Hot Stocks07:31 EST Poet Technologies provides financial update - "I want our shareholders to know that, from a business perspective, POET believes it is on track to commercialize our technology and products with initial production expected to commence this year and continuing into 2024, and we are working diligently to speed up customer acquisition and sales," said Dr. Suresh Venkatesan, Chairman & Chief Executive Officer of POET. "Our existing customers are finally completing their module designs for sampling and sale to their end customers, which include hyperscale data centers, network system operators and telecom companies, primarily in China. We have re-focused and accelerated our efforts on the highest speed engines designed for 800G and 1.6T pluggable modules, which we plan to introduce to the market in 2024. 800G and 1.6T modules are gaining increasing market appeal as specialized data centers running AI software applications, such as ChatGPT, continue to drive the need for ever more and ever-increasing transmission speeds. Non-recurring engineering (NRE) payments for custom designs and initial sales of engines and modules in the AI hardware market are expected to provide multiple single-digit millions in revenue to POET in 2024 and lock-in significant growth in 2025 and beyond, both from the pull of the massive growth in the market and from the products we expect to introduce to meet the demand. We are working hard to make up for past delays and to help our customers introduce innovative new products into the market as quickly as possible with reference designs utilizing POET's proprietary technology.
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HSDT | Hot Stocks07:31 EST Helius Medical announce study results on PoNS therapy - Helius Medical Technologies announced the publication of a white paper demonstrating that rehabilitative treatment with the Portable Neuromodulation Stimulator, PoNS, can drastically improve return-to-work outcomes for patients suffering from TBI. The report, entitled "Evaluating the Real-World Impact of PoNS Therapy on Return-to-Work Outcomes in Individuals on Long-Term Disability due to Traumatic Brain Injury," was co-sponsored by Pacific Blue Cross and HealthTech Connex, and performed at the Surrey Neuroplasticity Clinic. Key findings of the study include: Five out of nine participants returned to work; Four of those five returned to their prior occupations full-time for at least six months; Six of the nine study participants experienced a clinically significant ; improvement in balance and gait; Eight of nine said that balance and gait was no longer a barrier to return to work; Three of six participants who indicated headaches were a barrier to work saw a reduction in the severity of their headaches; PBC estimated that the five individuals who returned to work saved the provider approximately $1.6 million in long-term disability claims
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GCAAF | Hot Stocks07:30 EST Guardian Capital announces completion of fund mergers - Guardian Capital announces the completion of certain fund mergers/ At the close of business on November 3, 2023, the ETF series units of each fund identified as a Merging ETF in the following table were exchanged for equivalent ETF series units of the corresponding Continuing Fund and the ETF series units of each Merging ETF were delisted from the Toronto Stock Exchange. November 6, 2023, the ETF series units of each Continuing Fund will be substitutionally listed on the TSX under the same ticker. In each Merger, each Merging ETF transferred all of its net assets to the corresponding Continuing Fund in return for ETF series units of the Continuing Fund having an aggregate net asset value equal to the value of the assets transferred to the Continuing Fund. Immediately thereafter, each Merging ETF caused all of its outstanding securities to be redeemed in exchange for ETF series units of the corresponding Continuing Fund on a one-for-one basis. This resulted in each unitholder of the Merging ETF receiving the exact same number of equivalent ETF series units of the Continuing Fund as it held in the Merging ETF prior to the Merger. The Mergers occurred on a tax-deferred basis. As a result of the Mergers, each Continuing Fund now offers both mutual fund series units and ETF series units. In each case, the investment objectives and the portfolio management team for the Continuing Fund remain unchanged.
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MARIF | Hot Stocks07:29 EST Marimaca Copper announces results from Phase 6 metallurgical program - Marimaca Copper announced results of the Phase 6 Metallurgical testing program for the Company's flagship Marimaca Oxide Copper Project, located in northern Chile. The Phase 6 program was designed to evaluate leaching conditions to optimize acid consumption, recoveries and leaching efficiency to be incorporated into the ongoing Definitive Feasibility Study. Highlights: Comprehensive 5 column-test program evaluating the impact of curing, leaching rates and acid concentration in solution on acid consumption, recoveries and impurities generation; Significantly improved acid consumption based on optimization of leaching conditions; Net acid consumption of 30.6kg/t from experimental samples - an approximate 25% reduction from the 40.6kg/t derived from previous metallurgical campaigns; Provides further confidence in expected acid consumption with clear potential to enhance operating cost profile for the DFS; Confirms average copper recovery of 74.9% - in-line with previous results from metallurgical campaigns; Flexibility for further reductions in acid consumption with relatively low recovery losses; Program completed with recycled sea-water sourced from Marimaca's intended water supplier under its water option agreement to accurately reflect process water to be utilized at the Project; Further de-risking of the Marimaca metallurgy - allows for improved predictability of metallurgical performance during operations; Results will be incorporated into the final geo-metallurgical model to be utilized in the DFS which will define, at high resolution, the metallurgical performance of each ore-feed type in the DFS; Results demonstrate the self-regulation of impurities in the leaching cycle which allows for simple SX-EW process design and capital efficiency for the planned DFS. Hayden Locke, President and CEO of Marimaca Copper, commented: "We are pleased with the Phase 6 metallurgical results and particularly the implications for acid consumption optimization in the DFS and in future operations. Acid consumption is a key component of our operating costs, and fluctuations in acid price were identified as a core external factor in our projected operating margins as we move towards first copper. The results from this program show, firstly, that our base case assumptions, with respect to acid consumption, can be materially reduced via simple changes to our operational approach with no significant impact to our expected recoveries. Secondly, the testing highlights that we have further flexibility to reduce acid consumption, with relatively small recovery losses. From my perspective, this is the most important outcome from the testing, because it allows us to make operational changes to preserve margin and cashflow during periods of high acid prices, which increases the resilience of the Project to external shocks. The Marimaca Project continues to demonstrate unique positioning in the copper development space. We are excited to move through the final development milestones as we rapidly advance toward first copper."
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ZNTL | Hot Stocks07:27 EST Zentalis CSO Kevin Bunker to step down, Mark Lackner to succeed - The Company announced that Mark Lackner, Ph.D., Chief Translational Officer, Head of Biomarker Strategy, will succeed co-founder, Kevin Bunker, Ph.D., as Chief Scientific Officer at the end of the year. Dr. Bunker will continue his service to the Company as an advisor following the transition. Dr. Lackner joined Zentalis in October 2022.
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ZNTL | Hot Stocks07:26 EST Zentalis announces updated data from Phase 1 trial of azenosertib - Today, the Company announced an updated analysis of the ongoing Phase 1 clinical trial of azenosertib as a monotherapy in solid tumors, which continued to show anti-tumor activity with intermittent dosing. In the same population of 19 platinum resistant or refractory ovarian cancer and uterine serous carcinoma patients that were included in the data reported on June 6, 2023, the objective response rate was 37%. Median follow-up has increased by nearly 5 months and the median progression free survival has increased to 6.5 months. With additional safety-evaluable patients and follow-up since June, azenosertib continues to demonstrate a favorable safety and tolerability profile that is similar to or better than approved ovarian cancer products, supporting its continued advancement.
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ZNTL | Hot Stocks07:25 EST Zentalis expects cash to fund operations into 2026 - As of September 30, 2023, Zentalis had cash, cash equivalents and marketable securities of $516.6 million. The Company believes that its existing cash, cash equivalents and marketable securities as of September 30, 2023 will be sufficient to fund its operating expenses and capital expenditure requirements into 2026.
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ZVSA | Hot Stocks07:24 EST ZyVersa Therapeutics announces article on inhibiting NLRP3 - ZyVersa Therapeutics announces publication of an article in the peer-reviewed journal, Ecotoxicology and Environmental Safety, demonstrating that inhibiting NLRP3 inflammasomes can attenuate kidney damage and dysfunction associated with the environmental pollutant, PM2.5. In the paper titled, "PM2.5 induces renal tubular injury by activating NLRP3-mediated pyroptosis," the authors conducted studies in a mouse model exposed to high concentrations of ambient PM2.5 for 12 weeks, and in a mouse kidney cell line. Following are key findings reported in the paper: PM2.5 exposure leads to kidney structural changes and functional impairment. Inflammasome NLRP3-induced Inflammation and pyroptosis were increased in PM2.5-exposed kidney tissues. Inhibiting the inflammasome NLRP3 pathway, including downstream caspase-1, rescued the kidneys from PM2.5-induced cell death. "The research published in the Journal, Ecotoxicology and Environmental Safety, reinforces other published data demonstrating that inhibiting NLRP3 inflammasomes can attenuate kidney damage and dysfunction of multiple causes, now including kidney damage associated with the environmental pollutant, PM2.5," commented Stephen Glover, ZyVersa's Co-founder, Chairman, CEO and President. "This research provides increasing support for inflammasome inhibition as a promising treatment option for kidney disease, a major health problem affecting over 35 million adults in the United States. ZyVersa is developing Inflammasome ASC inhibitor IC 100. Unlike NLRP3 inhibitors, designed to inhibit formation of one inflammasome to block initiation of the inflammatory cascade, IC 100 was designed to inhibit multiple types of inflammasomes and their associated ASC specks to uniquely block both initiation and perpetuation of damaging inflammation."
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PRQR | Hot Stocks07:23 EST ProQR Therapeutics announces strengthened IP with new U.S. patent - ProQR Therapeutics announced it has further strengthened its leading intellectual property, IP, estate with the issuance of a new patent in the United States and that it has successfully defended against an opposition to its IP in Japan. "The new patent that the USPTO granted to ProQR further expands the protection of RNA editing using oligonucleotides to recruit endogenous ADAR. Our leading intellectual property portfolio protects our Axiomer ADAR-mediated RNA editing platform technology and more fundamentally the use of an oligonucleotide to recruit endogenous deaminating enzymes in the cell," said Rene Beukema, Chief Corporate Development Officer and General Counsel. "Our patents have been challenged by multiple parties on several occasions and have been upheld by the European Patent Office and now also by the Japan Patent Office. We believe safeguarding our intellectual assets is pivotal to our long-term success and intend to continue to defend against challenges through our leading IP position." The United States Patent and Trademark Office, USPTO, granted a new patent to ProQR, under US patent No. 11,781,134 that relates to a method for RNA editing. Key claims in this patent pertain to use of any type of oligonucleotide that is at least sufficiently complementary to a target sequence that can recruit an endogenous Adenosine Deaminase Acting on RNA, ADAR, which then can deaminate a target adenosine into an inosine in the target sequence.
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TU | Hot Stocks07:22 EST Telus CEO purchases 395,843 shares since beginning of the year - TELUS President and CEO Darren Entwistle has reaffirmed his commitment to TELUS' success by making significant share purchases this year. Since the beginning of the year through October 2023, he purchased 395,843 common shares for an aggregate purchase cost of approximately $10 million. Darren now holds a total of 800,000+ TELUS common shares.
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CABA | Hot Stocks07:21 EST Cabaletta Bio receives FDA clearance of CABA-201 IND application - Cabaletta Bio announced that the Company's fourth Investigational New Drug, IND, application for CABA-201, a 4-1BB-containing fully human CD19-CAR T cell investigational therapy, has been allowed to proceed by the U.S. Food and Drug Administration, FDA, for a Phase 1/2 study in patients with generalized myasthenia gravis, gMG. The Company plans to initiate a Phase 1/2 clinical trial of CABA-201 across two parallel gMG cohorts based on autoantibody status - one cohort of six patients with acetylcholine receptor, AChR, antibody-positive gMG and a second cohort of six patients with AChR antibody-negative gMG. "While we remain on track to deliver initial clinical data from CABA-201 treated patients with lupus and/or myositis in the first half of 2024, we are continuing to expand our CABA-201 portfolio beyond rheumatology and into neurology. The announcement of our fourth CABA-201 IND clearance is also our first IND clearance for the product candidate in a predominantly autoantibody mediated disease. Consistent with previously announced CABA-201 trials, the Phase 1/2 clinical trial design for CABA-201 in gMG includes the same starting dose as used in the previously cleared clinical trials with CABA-201 and parallel cohorts of six patients. While prioritizing delivery of initial clinical data in the first half of 2024 from our myositis and/or lupus trials, our clinical operations team is well positioned to execute the gMG program based on experience with MG sites in our legacy CAART platform," said Steven Nichtberger, M.D., Chief Executive Officer and Co-founder of Cabaletta. "Despite recent advances with chronic, broadly immunosuppressive therapies, we believe there is an unmet need for a treatment option like CABA-201 that may provide a deep and durable, perhaps curative, outcome with a single dose in patients with gMG."
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TCRX | Hot Stocks07:21 EST TScan Therapeutics presents Phase 1 trial design for solid tumor program - TScan Therapeutics announced the presentation of six posters at the Society for Immunotherapy of Cancer 38th Annual Meeting. TScan's Phase 1 solid tumor clinical trial is designed to assess customized, multiplexed TCR-T as a way to overcome tumor heterogeneity and HLA loss of heterozygosity. First generation TCR-T, targeting single antigens, has shown encouraging response rates, but has often shown short durations of respons. TScan believes that its approach to multiplexing across targets and HLAs will result in increased response rates and increased duration of response. To make this possible, TScan is prospectively screening patients with melanoma, non-small cell lung cancer, head and neck cancer, cervical cancer, ovarian cancer, and anogenital cancers for target expression and the presence of intact HLA genes. Customized treatment is made possible by the Company's ImmunoBank, its repository of therapeutic TCRs that recognize diverse targets and are associated with multiple HLA types. TScan continues to prioritize populating the ImmunoBank to increase the number of addressable targets, thereby increasing the percentage of patients that are eligible to receive either singleplexed or multiplexed treatment. In the treatment protocol, each TCR-T is first tested as singleplexed therapy at two different dose levels to assess safety. Once a TCR-T has cleared dose level two, it becomes eligible to be combined with any other TCR-T that has also cleared dose level two. As additional Investigational New Drug Applications (INDs) for TCR-Ts are cleared by the FDA and enter the ImmunoBank, they will be incorporated into the same study and follow the same dose escalation scheme, enabling a rapid path to novel multiplexed therapies. Using TargetScan, TScan has identified a novel B*07:02-restricted epitope in the cancer/testis antigen MAGE-C2 as a promising target for TCR-T therapy. TScan is developing TSC-201-B0702, a TCR-T cell therapy that targets this epitope, with plans to file an IND by the end of the year. TCR-Ts targeting MAGE-C2 could potentially be used to treat up to 50% of melanoma patients, 25% of patients with head and neck cancers, and 50% of patients with NSCLC in the United States.
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BTAI | Hot Stocks07:21 EST BioXcel Therapeutics announces update on NIDA-funded trial of BXCL501 - BioXcel Therapeutics announced an update on the National Institute on Drug Abuse, NIDA,-funded trial evaluating BXCL501 as a potential treatment for opioid use disorder, OUD. BioXcel Therapeutics is supplying BXCL501 for an ongoing 4-arm, 160-patient trial that is enrolling patients who have been predominantly exposed to fentanyl and/or predominantly exposed to fentanyl adulterated or associated with xylazine, which has been designated an emerging threat by the White House Office of National Drug Control Policy. NIDA has requested Columbia University, the trial coordinator, to add a fourth site to target trial completion in 2024. After this time, BioXcel Therapeutics plans to seek FDA feedback on potential registrational paths. "While BXCL501 has already demonstrated statistical significance in patients exposed to fentanyl, this current study has a high proportion of patients exposed to FAAX and is comparing 180 mcg and 240 mcg BID doses to both placebo and the standard of care, lofexidine," said Robert Risinger, M.D., Chief Medical Officer, Neuroscience of BioXcel Therapeutics. "BXCL501 is one of the only potential treatments being studied in this patient population and represents an important potential option to help address the growing OUD crisis."
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PZG | Hot Stocks07:19 EST Paramount's Grassy Mountain receives notice to proceed from Oregon regulators - Post the receipt of the positive completeness determination announced on October 5th, Paramount Gold Nevada announced that the Oregon Department of Geology and Mineral Industries has issued the Notice to Proceed required to move Grassy Mountain into the next phase of permitting. Based on state regulations, it is expected that the DOGAMI will issue the final consolidated permit package within one year. Paramount President, COO and Director, Glen Van Treek commented: "The Notice is a critical milestone in securing the permits to build and operate Grassy. Paramount will continue to work collaboratively with the agencies as they move through the next important steps to achieving that goal." The complete permit package will include the Environmental and Socioeconomic Evaluation (currently underway by Stantec, a global leader in engineering, architecture and environmental consulting, contracted by DOGAMI, which is expected to be released in early 2024. The EE will serve as an additional resource to the agencies for their permit writing process.
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MDNA | Hot Stocks07:19 EST Medicenna Therapeutics announces new data from Phase 1/2 ABILITY-1 study - Medicenna Therapeutics announced that new clinical data from the Phase 1 monotherapy dose escalation/evaluation portion of the Phase 1/2 ABILITY-1 study evaluating MDNA11, the only long-acting, 'beta-enhanced not-alpha' interleukin-2 super-agonist in clinical development, in patients with advanced solid tumors, were presented at the 38th Annual Meeting of the Society for Immunotherapy of Cancer, SITC, held in San Diego, CA, on November 4th, 2023. Key findings from the Phase 1 monotherapy dose escalation portion of the ABILITY-1 study at time of data cut-off include: Favorable safety profile: No dose limiting toxicity reported and no evidence of vascular leak syndrome. Vast majority of treatment-related adverse events were of grade 1-2 severity and resolved within 48 hours; grade 3 TRAEs mainly constituted transient LFT elevations; no grade 4 or 5 events were reported. Encouraging single-agent anti-tumor activity at doses of 60 ug/kg: Partial response reported in 2 patients with aggressive tumor types: A patient with metastatic pancreatic ductal adenocarcinoma, who had previously failed on multiple systemic therapies and exhibited primary resistance to immune checkpoint inhibitors, experienced remarkable response to MDNA11 with baseline target lesions and non-target lesions showing deepening shrinkage on successive imaging scans. Following return from a 7 week vacation, a single new lesion was observed and MDNA11 treatment was resumed. A patient with cutaneous melanoma, who progressed on prior line of dual checkpoint inhibitors, treated with MDNA11, showed a 70% reduction of the target lymph node lesion at week 12. Durable stable disease in 3 metastatic melanoma patients with concomitant reduction in tumor burden: Two patients with SD of greater than20 and greater than24 weeks are continuing MDNA11 treatment in the 120 ug/kg cohort. One patient with cutaneous melanoma had SD for greater than 1.5 years having started MDNA11 at the 10 ug/kg dose with subsequent intra-patient dose escalations of 30, 60 and 90 ug/kg. Potent proliferation of effector immune populations: Pharmacodynamic data showed robust and durable activation of effector immune cells, particularly CD8+ T cells, with minimal impact on the immunosuppressive Treg population. Recommended Dose for Expansion: Target dose of 90 ug/kg Q2W IV infusion was chosen for monotherapy expansion portion of the ABILITY-1 study. Monotherapy expansion part of ABILITY-1 is enrolling patients with metastatic melanoma, non-melanoma skin cancers and MSI-H/dMMR tumors.
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SVAUF | Hot Stocks07:18 EST StorageVault Canada to acquire four locations for $75.7M - STORAGEVAULT CANADA has agreed to acquire four locations from four vendor groups for an aggregate purchase price of $75,685,000, subject to customary adjustments. Three of the Acquisitions are arm's length and one for $45,000,000 is a related party acquisition with Access Self Storage as the Vendor for that Acquisition. It is anticipated that the Acquisitions will close before December 31, 2023. The assets are located in Nova Scotia, Quebec, Ontario and British Columbia. The aggregate purchase price is $75,685,000, subject to adjustments, and is payable with funds on hand and debt. The obligations of StorageVault to complete the Acquisitions are subject to conditions including, but not limited to: completion of agreement of purchase and sale, satisfactory due diligence and satisfactory environmental site assessment reports. The obligations of both StorageVault and the Vendors to complete the closing of the Acquisitions are subject to the satisfaction of other customary closing conditions and include, for the Related Party Acquisition, the acceptance of the TSX. None of the four Vendor group Acquisitions are conditional or contingent on the completion of the other Acquisition.
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XWEL DNA | Hot Stocks07:16 EST Xwell, Ginkgo Bioworks implement expanded CDC TGS program - Ginkgo Bioworks (DNA) and XWELL (XWEL) announced they are expanding their work with the U.S. Centers for Disease Control and Prevention's Traveler-based Genomic Surveillance program to test for more than 30 additional priority pathogens, in addition to SARS-CoV-2. TGS is a flexible, multimodal platform that consists of three complementary approaches of sample collection from arriving international travelers at U.S. airports, including voluntary nasal swabbing, aircraft wastewater, and airport wastewater sampling to enhance early detection of new SARS-CoV-2 variants and other pathogens, and fills gaps in global surveillance. Concentric by Ginkgo, the biosecurity and public health unit of Ginkgo Bioworks, and XpresCheck by XWELL, are partnering to expand their work with the CDC to monitor more than 30 new viruses, bacteria, and antimicrobial resistance targets including several seasonal respiratory pathogens, such as influenza A and B, RSV, and SARS-CoV-2. The partners continue to help the CDC grow TGS's capabilities to detect pathogens as early as possible, allowing for the best public health response. The program expansion will launch at four of the program's seven major international airports.
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LTRX SYNA | Hot Stocks07:16 EST Lantronix appoints Awsare as President, CEO - Lantronix (LTRX) announced that Saleel Awsare will be joining Lantronix as President and CEO of the company, effective Nov. 20, 2023. Awsare comes to Lantronix from Synaptics (SYNA), a leading provider of semiconductor products worldwide, where he has most recently served as senior vice president and general manager of its Enterprise and Mobile Division, its largest division.
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ADN EADSY | Hot Stocks07:15 EST Advent Technologies to launch joint benchmarking project with Airbus - Advent Technologies (ADN) announced that it has reached an agreement with Airbus (EADSY) for a joint benchmarking project regarding an optimized Ion Pair Membrane Electrode Assembly, or MEA, for hydrogen fuel cells. Airbus will provide financial support to the project and its extensive knowledge of the aviation industry. Advent will invest in people, materials, hardware, and 3rd party research centers, to contribute to the goals of the project. The multi-million dollar collaboration will take place over two years. The project will be executed by Advent's MEA team and closely monitored by Airbus. The project is expected to commence in January 2024.
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TIL | Hot Stocks07:14 EST Instil Bio announces presentations on ITIL-306 data at SITC Meeting - Instil Bio reported two poster presentations at the SITC 2023 Annual Meeting demonstrating that its proprietary CoStimulatory Antigen Receptor platform enhances the activity of CD4+ T cells across multiple axes. TIL therapy utilizes a mixed population of tumor-reactive CD4+ and CD8+ T cells, with both populations of T cells able to drive tumor regression. CoStAR has previously been demonstrated to improve proliferation, secretion of soluble factors, and in vivo tumor control in preclinical studies with mixed populations of CD4+ and CD8+ T cells. New single-cell RNA sequencing data presented at the SITC 2023 Annual Meeting revealed enhanced gene signatures of activation and cytotoxicity in CoStAR-transduced CD4+ T cells, with significant increases in cytotoxic function of these CD4+ T cells in an in vitro cytotoxicity assay. These data suggest that CoStAR is able to endow CD4+ T cells with novel cell-killing capacity, potentially broadening the repertoire of tumor-killing TIL to include CD4+ T cells in addition to naturally cytotoxic CD8+ T cells. Additionally, CoStAR was demonstrated to enhance the secretion of soluble factors from CD4+ T cells to boost the proliferation and survival of companion CD8+ T cells. As CoStAR provides proliferative benefit to mixed populations of CD4+ and CD8+ T cells, these data demonstrate the importance of CD4+ CoStAR-T cells in supporting the proliferation of CD8+ CoStAR-T cells through the provision of soluble factors.
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KXIN | Hot Stocks07:14 EST Kaixin Auto director Lin Cong resigns - Kaixin Auto Holdings announced that Mr. Lin Cong resigned from the Company's Board of Directors, effective on October 30, 2023. Mr. Cong resigned for personal reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
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DNA XWEL | Hot Stocks07:13 EST Ginkgo Bioworks and Xwell expand work with CDC to test priority pathogens - Ginkgo Bioworks (DNA) and Xwell (XWEL) are expanding their work with the U.S. Centers for Disease Control and Prevention's - CDC's - Traveler-based Genomic Surveillance program to test for more than 30 additional priority pathogens, in addition to SARS-CoV-2. TGS is a flexible, multimodal platform that consists of three complementary approaches of sample collection from arriving international travelers at U.S. airports to enhance early detection of new SARS-CoV-2 variants and other pathogens, and fills gaps in global surveillance. Concentric by Ginkgo, the biosecurity and public health unit of Ginkgo Bioworks, and XpresCheck by XWELL, are partnering to expand their work with the CDC to monitor more than 30 new viruses, bacteria, and antimicrobial resistance targets including several seasonal respiratory pathogens, such as influenza A and B, RSV, and SARS-CoV-2. The program expansion will launch at four of the program's seven major international airports.
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SLRN ARCT | Hot Stocks07:13 EST Acelyrin appoints Patricia Turney as chief technical operations officer - ACELYRIN announced the appointment of Patricia Turney as Chief Technical Operations Officer. Reporting to Founder and CEO Shao-Lee Lin, MD, PhD, Ms. Turney will be responsible for overseeing technical operations, CMC regulatory, corporate quality and facilities, and will join the company's Senior Leadership Team. Turney most recently served as Senior Vice President, Operations at Arcutis Biotherapeutics, Inc., where she built the Technical Operations organization to successfully execute on their product development milestones including several product filings and the first Commercial Product launch in the U.S. and Canada. Prior to that, Ms. Turney held roles of increasing responsibility with Amgen.
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ECX | Hot Stocks07:11 EST Ecarx delivers ADAS platform to global car manufacturers - ECARX Holdings announced a new series of Advanced Driver Assistance System enabled products, starting with the ECARX Skyland Pro. It will support drivers as the autonomy of their vehicles increases. Delivery of this ECARX ADAS platform has already taken place, with the beginning of its mass production marking a significant milestone for the company. Owing to its dual system-on-chip architecture, ECARX Skyland Pro delivers exceptional performance, and is supported by a sophisticated safety system. Empowered by two Black Sesame Huashan-2 A1000 automotive-grade SoCs that deliver a comprehensive computing power of 116 tera operations per second at 8-bit integer, the high-performance ECARX Skyland Pro enables L2+ advanced driving and parking. The launch of ECARX Skyland Pro will soon be followed by the introduction of ECARX Skyland, a single SoC solution that is able to meet a wider range of OEM needs. Tailored for L2+ ADAS scenarios, ECARX Skyland will allow auto makers to seamlessly combine driving and parking functionalities. Integrating a single Black Sesame Huashan-2 A1000 automotive-grade SoC, ECARX Skyland will enable peak computing power of up to 58 TOPS and support of a 5R6V sensor configuration, to provide more than 20 ADAS feature, including high-speed NoA driving assistance, automated parking assist, and remote parking assist. The mass production of ECARX Skyland Pro and the ECARX Antora 1000 Pro computing platforms has begun as ECARX delivers on its commitment to provide a comprehensive suite of automotive intelligence solutions that seamlessly merge outstanding performance with enhanced security. Through the ECARX Skyland series, car manufacturers will be able to effortlessly integrate cutting-edge ADAS capabilities into their vehicles, ultimately providing safe and efficient driving experiences to a broader audience.
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AEVA | Hot Stocks07:10 EST Aeva Technologies in multi-year production agreement with Nikon, no terms - Aeva announced a production win with Nikon Corporation. Under the agreement, Aeva will supply Nikon with its micron-precise LiDAR-on-Chip technology to power Nikon's products for industrial metrology and quality control..."Today's production win marks a significant milestone for Aeva in the growing field of automated manufacturing and it validates that Aeva's unique FMCW technology goes well beyond automated driving with a perception platform powering the next wave of automation," said Soroush Salehian, Co-Founder and CEO at Aeva. "We are excited to advance to our first commercial deployment with Nikon, a recognized leader in delivering high precision industrial solutions of the highest quality, and look forward to leveraging our perception platform to bring additional programs to market."
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EU | Hot Stocks07:09 EST EnCore Energy announces license renewal for South Texas uranium plants - enCore Energy announced the approval of the renewal of the Radioactive Materials License for enCore's combined South Texas In-Situ Recovery Uranium Central Processing Plants at its Rosita, Kingsville Dome, and Vasquez uranium projects. This renewed License was approved by the Executive Director of the Texas Commission on Environmental Quality following an application to allow for the addition of two remote ion exchange units at the Rosita CPP and Wellfield. With the renewal, enCore also expects to be resuming uranium production at its Rosita CPP before the end of November 2023. The uranium bearing ion exchange resin will be processed into yellowcake uranium produced at the Rosita CPP marking the first new uranium production in Texas in over a decade. The 10-year License renewal updates the existing license to conform to new regulatory requirements and current conditions, and it provides enCore with the ability to incorporate additional remote IX operations. enCore Energy is focused on executing production plan in South Texas starting at the Rosita ISR Uranium Central Processing Plant and Wellfield in 2023, to be closely followed by the Alta Mesa CPP and Wellfield in early 2024.
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KPTI | Hot Stocks07:06 EST Karyopharm's selinexor shows efficacy and safety in endometrial cancer study - Karyopharm announced the presentation of updated long-term safety and efficacy data from a subgroup analysis of the SIENDO study in patients with advanced or recurrent TP53 wild-type endometrial cancer at the International Gynecological Cancer Society Meeting in Seoul, South Korea. Analysis of the Phase 3 SIENDO study of selinexor maintenance therapy in advanced or recurrent endometrial cancer showed improvements in median progression-free survival for the intent-to-treat population but were not clinically meaningful. However, an exploratory analysis of a pre-specified subgroup of patients with TP53 wild-type endometrial cancer showed a "promising" efficacy signal. Although the survival data are immature, the study showed an encouraging OS signal in the TP53 wild-type population: hazard ratio 0.76, with median OS not reached in either arm after a median follow up of 28.9 months. Similarly, encouraging preliminary OS was observed in patients with TP53 wild-type/pMMR endometrial cancer: hazard ratio 0.57, with median OS not reached in selinexor arm, and 35 months in placebo arm after median follow-up of 31.6 months, and a HR of 0.62, with median OS not reached in either arm after median follow-up of 27.3 months in patients with TP53 wild-type/dMMR endometrial cancer. The company expects additional data in the first half of 2025 from its ongoing pivotal Phase 3 trial that may support U.S. and global regulatory filings. No new safety signals were identified as of the last data cut-off date. Currently, there are no specific targeted therapies available for patients with TP53 wild-type endometrial cancer.
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VSTM | Hot Stocks07:06 EST Verastem announces results from avutometinib, defactinib trial at IGCS 2023 - Verastem announced results of the efficacy and safety of avutometinib and defactinib in recurrent low-grade serous ovarian cancer, or LGSOC, following prior systemic therapy. The results of this planned subgroup analysis of Part A of the Phase 2 RAMP 201 trial were presented as a late-breaking abstract in an oral presentation during a plenary session at the annual global meeting of the International Gynecologic Cancer Society, or IGCS 2023, November 5-7 in Seoul, Korea. This planned subgroup analysis was performed to assess efficacy and safety in prior lines of therapy. The analysis also evaluated efficacy in the context of best response to most recent prior treatment in the metastatic/recurrent setting. In the combination arm, the observed ORRs were consistent across patients who received 1-3 and greater than or equal to4 lines of therapy. Prior to enrollment in RAMP 201, only 2/23 patients responded to their last prior treatment in the metastatic/recurrent setting, whereas the combination of avutometinib and defactinib yielded an ORR of 43.5% in this subgroup. The safety profiles of avutometinib and defactinib were similar in the less and more heavily pretreated subgroups and both analyses were consistent with previously reported safety data. The majority of treatment-emergent adverse events were mild to moderate. Initial results of RAMP 201 Part A, presented at the American Society for Clinical Oncology Annual Meeting in May 2023, demonstrated an ORR of 45% and tumor shrinkage in 86% of evaluable patients that were treated with the combination of avutometinib and defactinib. Safety and tolerability were favorable and consistent with previously reported data. As previously announced, Verastem Oncology intends to file for accelerated approval with the FDA for the combination of avutometinib and defactinib based on mature data from the RAMP 201 trial, together with the results of the investigator-initiated FRAME trial. The company plans to initiate its Phase 3 confirmatory trial of avutometinib and defactinib in LGSOC versus standard of care, or SOC, chemotherapy or hormone therapy before the end of the year.
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TGI LMT | Hot Stocks07:05 EST Triumph Group awarded contract from Sikorsky for CH-53K rotor systems - Triumph Group (TGI) announced that its Actuation Products & Services business has been awarded a contract from Sikorsky, a Lockheed Martin Company (LMT), for the CH-53K King Stallion rotorcraft. Triumph will provide the main rotor blade fold actuation and dampening systems for lots 7 and 8, including spares. This work will be performed at Triumph's facility in Seattle, Washington.
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CGEN | Hot Stocks07:03 EST Compugen's COM701 mediates anti-tumor activity in study - Compugen announced data presented at the Annual Meeting of the Society for Immunotherapy of Cancer, held on November 1-5, 2023. The results reinforce previous data suggesting COM701 mediated anti-tumor activity in patients typically not responding to immunotherapy. For the first time, initial data showing the association between baseline PVRL2 levels and clinical benefit was presented, suggesting the potential of PVRL2 as a predictive biomarker for clinical benefit in certain indications helping to inform future direction of studies with a biomarker driven strategy. "We were delighted to present at SITC clinical data which reinforces data previously presented, suggesting that COM701 mediated anti-tumor activity in patients typically not responding to immunotherapy", said Anat Cohen-Dayag, Ph.D., President, and CEO of Compugen. "The clinical benefit shown in patients with platinum resistant ovarian cancer was associated with infiltration of T cells into the tumor microenvironment and independent of baseline inflammatory status, suggesting a COM701 mediated mechanism of action. In addition, we presented data in metastatic breast cancer, another indication in which patients who typically do not respond to immunotherapy, derived clinical benefit from COM701 combinations."
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ASXC | Hot Stocks06:56 EST Asensus Surgical: German hospital to lease a Senhance Surgical System - Asensus Surgical announced that Klinikum Idar-Oberstein Hospital located in Germany, has entered into a lease agreement to utilize a Senhance Surgical System.
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DISH SATS | Hot Stocks06:56 EST Dish CEO Carlson to resign - In a regulatory filing, DISH Network (DISH) disclosed that on November 3, Mr. W. Erik Carlson notified DISH Network Corporation that he intends to resign as President and Chief Executive Officer effective November 12. Carlson will remain on the board of directors of DISH through the closing of the previously announced merger between DISH and EchoStar Corporation (SATS). "Carlson is not resigning due to any disagreement with the board of directors or management of DISH. DISH intends to work with EchoStar to appoint Mr. Hamid Akhavan, the current Chief Executive Officer and President of EchoStar, to the additional post of President and Chief Executive Officer of DISH effective as of November 13, 2023. Mr. Akhavan's appointment will be subject to the approvals of the DISH board of directors and the EchoStar board of directors. DISH intends to make further disclosure following receipt of such approvals," the filing stated.
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HUT | Hot Stocks06:53 EST Hut 8 Mining provides update on business combination with USBTC - Hut 8 Mining continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, dba US Bitcoin Corp - USBTC - combine in an all-stock merger of equals. The combined company will be named "Hut 8 Corp." - "New Hut" - and will be a U.S.-domiciled entity. The transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance practices. New Hut has filed a further amendment to its Form S-4 Registration Statement with the SEC. Completion of the transaction remains subject to the remaining regulatory approvals, approval of the stockholders of USBTC and other customary closing conditions of the transaction.
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NRXP | Hot Stocks06:53 EST NRx, Nephron announce joint agreement to develop intravenous ketamine - NRx Pharmaceuticals and Nephron Pharmaceuticals announced the signing of a development and manufacturing agreement to manufacture a presentation of ketamine suitable for treating suicidal depression. Recent CDC data suggest that more than 3M Americans have active thoughts of suicide and more than 50,000 die from suicide each year.
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BNTX | Hot Stocks06:51 EST BioNTech cuts FY23 CapEx view to EUR 200M-EUR 300M - Prior view was EUR 500M-EUR 600M. Sees FY23 tax rate ~21% vs. prior view ~27%.
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BBAI | Hot Stocks06:49 EST BigBear.ai to acquire Pangiam for about $70M in an all-stock transaction - BigBear.ai announced a definitive merger agreement to acquire Pangiam Intermediate Holdings, a company in Vision AI for the global trade, travel, and digital identity industries, for approximately $70M in an all-stock transaction. The combined company will create one of the industry's most comprehensive Vision AI portfolios, combining Pangiam's facial recognition and advanced biometrics with BigBear.ai's computer vision capabilities, positioning the company as a foundational leader in one of the fastest growing categories for the application of AI. The proposed acquisition is expected to close in the first quarter of 2024, subject to customary closing conditions, including approval by the holders of a majority of BigBear.ai's outstanding common shares and receipt of regulatory approval.
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BNTX | Hot Stocks06:48 EST BioNTech sees FY23 Covid-19 vaccine revenue ~EUR 4B vs. prior view ~EUR 5B
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FRGT | Hot Stocks06:47 EST Freight Technologies CEO issues letter to shareholders - Freight Technologies released an open letter from CEO Javier Selgas addressing concerns regarding recent fluctuations in stock values. Highlights of the letter include: "...In recent times, we've received inquiries about the downward trajectory of our stock...It is my and our management team's opinion that the market's valuation of our stock falls short of our company's actual worth...external factors have continued to exert downward pressure on our stock price...It's important to emphasize our unwavering commitment to success, as exemplified by my and our company CFO's investment in FRGT underlining our steadfast faith in the company...I have also heard concerns about possible illegal transacting on our Ordinary Shares. Rest assured, we will utilize all available means to combat any illicit trading practices affecting our stock, if any. Allow me to share some recent highlights that underscore our commitment to growth: 29% Quarter-over-Quarter Revenue Growth...During this upcoming quarter, we expect an additional quarter/quarter performance with at least an 8% improvement (32% annualized). We will continue to work to make that even higher growth during the final quarter of the calendar year...93% Year-over-Year Margin Increase...We anticipate our third-quarter margins to continue to demonstrate improvement on a y/y and a q/q basis...$9.9M in additional funding secured during 2023...We believe the funding we presently have in place is sufficient to get us to break-even performance on an EBITDA basis before the end of calendar 2024...Coverage from one of the top stock analysts in this space, who continues to publish analyses that include target prices for our Ordinary Shares well above our present trading price...Operational Success:...the successful launch of our LTL offering, which has garnered a positive response from customers and industry experts alike...We have successfully expanded into new markets, creating additional revenue streams and diversifying our customer base, starting operations in El Paso, TX, and increasing the number of lanes going from/to Canada...Sustainability Initiatives...Increased the number of our Fr8Fleet capacity...the establishment of a dedicated Artificial Intelligence department...By harnessing the power of AI, we aim to develop cutting-edge functionalities and tools that will enhance efficiency and internal control, optimize logistics, and unlock unprecedented insights within the supply chain industry...We have completed numerous strategic integrations with GPS providers...Joined AMACARGA:..the expansion of our customer base, which now includes prominent enterprise entities such as Kimberly Clark, Samsung, Whirlpool, Beat Box, and several other industry leaders...We plan to file our six-month financials later this fall and will provide a broad-based update at that time. Javier Selgas, CEO and Board Member".
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CLDX | Hot Stocks06:39 EST Celldex's barzolvolimab meets primary endpoint in Phase 2 urticaria study - Celldex announced positive topline results from the company's Phase 2 clinical trial of barzolvolimab in patients with moderate to severe chronic spontaneous urticaria refractory to antihistamines, including patients who received prior biologics. Barzolvolimab is a humanized monoclonal antibody that specifically binds the receptor tyrosine kinase KIT with high specificity and potently inhibits its activity, which is required for mast cell function and survival. CSU is characterized by the occurrence of hives or wheals for 6 weeks or longer without identifiable specific triggers or causes. Treatment options for patients with CSU are limited and there are no approved therapies for patients who do not respond to omalizumab. Data from the 208 patients randomized in the study showed that barzolvolimab achieved the primary efficacy endpoint, with a statistically significant mean change from baseline to week 12 of UAS7 - urticaria activity score - compared to placebo. Barzolvolimab demonstrated rapid, durable and clinically meaningful responses in patients with moderate to severe CSU refractory to antihistamines. Barzolvolimab was generally well tolerated with a favorable safety profile. Most adverse events were mild to moderate in severity.
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HUT | Hot Stocks06:35 EST Hut 8 Mining mined 112 Bitcoin in October - Production highlights for October 2023: 112 Bitcoin were generated, resulting in an average production rate of approximately 3.6 Bitcoin per day. 365 Bitcoin - 66 Bitcoin produced in July, all of August's and September's production, and 85 Bitcoin produced in October - were sold during the month for proceeds totalling C$14.6M (average proceeds per Bitcoin of approximately C$39,980). Total balance of Bitcoin in reserve was 9,113 on October 31 - 7,016 of which were unencumbered. Installed ASIC hashrate capacity at our Alberta facilities was 2.6 EH/s at the end of the month. Hut 8 produced 43.1 BTC/EH in October.
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WPRT | Hot Stocks06:33 EST Westport enters agreement to adapt hydrogen HPDI fuel system - Westport announced an agreement with a global provider of locomotives and related equipment for the freight and transit rail industries, to adapt its hydrogen HPDI fuel system for use with the locomotive original equipment manufacturer's, or OEM, engine design. The two-year H2 HPDI proof of concept project is expected to begin immediately and is fully funded by the OEM.
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AULT | Hot Stocks06:33 EST Ault Inc. unit enters license agreement for MLSE technology - Ault Alliance announced that MTIX Ltd., a wholly owned subsidiary of the company's majority owned subsidiary, Avalanche International Corp., has entered into a license agreement for its patented Multiplexed Laser Surface Enhancement technology. The MLSE technology employs several different process algorithms for digital scouring and post-dye cleaning to help reduce and eliminate water from processes that are historically water intensive. Installation of MTIX's technical textile treatment system, which utilizes a proprietary, patented MLSE processing technology, is expected to be completed by year end. Currently, the system is scheduled to undergo final testing, configuration, and training, prior to becoming fully operational during Q1 2024.
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MNKD | Hot Stocks06:16 EST MannKind completes enrollment in Phase 4 trial in diabetes - MannKind has fully enrolled patients in INHALE-3, a Phase 4 clinical trial evaluating inhaled insulin combined with basal insulin versus usual care in adults living with type 1 diabetes. INHALE-3 is a 17-week randomized controlled trial with a 13-week extension. The study will randomly assign participants over 18 years of age with T1D who are using Multiple Daily Injections, an automated insulin delivery system, or a pump without automation to either continue their usual care or adopt an insulin regimen of a daily basal injection plus Afrezza at mealtimes. Both arms will utilize continuous glucose monitoring to assess mealtime control and A1c levels.
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DOGZ | Hot Stocks06:10 EST Dogness International announces 1-for-20 share consolidation - Dogness International announced that the company's board of directors approved on October 18 to amend its memorandum and articles of association. This amendment will result in a change to the company's authorized shares and par value and effect a share consolidation of the company's issued and outstanding Class A common shares at the ratio of 1-for-20 with the marketplace effective date of November 7.
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MDB AMZN | Hot Stocks06:05 EST MongoDB, Amazon Web Services collaborate to optimize Amazon CodeWhisperer - MongoDB (MDB) and Amazon Web Services, or AWS, an Amazon (AMZN) company, announced the two companies are collaborating to optimize Amazon CodeWhisperer to provide enhanced suggestions for application development and modernization on MongoDB's developer data platform that millions of developers and tens of thousands of customers rely on every day for business-critical applications. Trained on billions of lines of Amazon and publicly available code, Amazon CodeWhisperer is an AI-powered coding companion from AWS that generates code suggestions based on natural-language comments or existing code in developers' integrated development environments, or IDEs. Working together with AWS, MongoDB provided curated training data for MongoDB use cases and took part in the evaluation of Amazon CodeWhisperer outputs throughout the training process to promote high-quality code suggestions. While Amazon CodeWhisperer already provided support for building applications on MongoDB, developers can now get enhanced suggestions that reflect best practices, allowing developers to ideate more quickly, rapidly prototype new features, and accelerate application development.
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LILA DISH | Hot Stocks06:02 EST Liberty Latin America to acquire DISH spectrum assets in Puerto Rico, USVI - Liberty Latin America (LILA) has entered into a definitive agreement with DISH Network (DISH) to acquire DISH spectrum assets in Puerto Rico and the United States Virgin Islands and approximately 120,000 prepaid mobile subscribers in those markets in exchange for cash and international roaming credits. The transaction is subject to certain customary closing conditions, including regulatory approvals, and is expected to close next year. The aggregate asset purchase price of $256M will be paid in four annual installments commencing on the closing date. Liberty Latin America expects to fund the transaction through local liquidity sources, including cash on hand, cash generated from operations, cash generated from asset sales, and/or revolving credit facilities.
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AJG | Hot Stocks06:01 EST Arthur J. Gallagher acquires Keaney Insurance Brokers, terms undisclosed - Arthur J. Gallagher announced the acquisition of Dublin, Ireland-based Keaney Insurance Brokers. Terms of the transaction were not disclosed. Keaney is a commercial insurance broker that supports businesses across Ireland with insurance and risk management solutions. Terry Keaney and his team will remain in their current location under the direction of Ronan Foley, head of Gallagher's insurance brokerage operations in Ireland.
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UMC | Hot Stocks05:34 EST UMC reports October revenue NT$19.19M, down 21.17%
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MDXH | Hot Stocks05:33 EST MDxHealth shareholders approve transition to sole listing shares on Nasdaq - MDxHealth announced that the extraordinary general shareholders' meeting of the company that was held on November 3 approved the proposed transition from a dual listing of the company's American Depositary Shares, or ADSs on Nasdaq and ordinary shares on Euronext Brussels to a sole listing of Shares on Nasdaq, as well as the share consolidation with respect to all outstanding shares by means of a 1-for-10 reverse stock split. As a result, the company can now start implementing the transaction and share consolidation, as further outlined below.
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NWG IBM | Hot Stocks05:31 EST NatWest Group, IBM collaborate on generative AI - NatWest (NWG), IBM (IBM) announced enhancements to the bank's virtual assistant, Cora, that will use generative AI to provide customers with access to a wider range of information through conversational interactions. The bank will be among the first in the UK to deploy generative AI with a virtual assistant enabling a safe, intuitive, and accessible experience in its digital services.
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KOS | Hot Stocks05:28 EST Kosmos increases working interest to 90% of the Yakaar-Teranga - Kosmos announced that it has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP's exit from the field.
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KOS | Hot Stocks05:26 EST Kosmos sees FY23 production 63,000 boepd - Sees FY23 capital expenditures $800M.
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KOS | Hot Stocks05:25 EST Kosmos sees Q4 production 66,000-69,000 boped - Sees Q4 capital expenditures $225M-$250M.
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CGA | Hot Stocks05:20 EST China Green receives delisting ltter from NYSE - China Green announced that the company received a notice letter from the New York Stock Exchange, or NYSE, stating that the company will be removed from NYSE's late filers' list to be disseminated to data vendors and will not be posted on the NYSE's listed standards filing status page on www.nyse.com. The NYSE's letter comes after the company filed its delayed annual report on Form 10-K for the period ended June 30, thus becoming current on its financial reporting obligations.
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BEST | Hot Stocks05:17 EST Best Inc. receives non-binding proposal to acquire the company - Best Inc. announced that its board of directors has received a preliminary non-binding proposal letter, dated November 3, from Shao-Ning Johnny Chou, founder, chairman of the board and chief executive officer of the company, on behalf of Shao-Ning Johnny Chou, George Chow, the chief strategy and investment officer of the company, Denlux Logistics Technology, Alibaba Investment Limited, BJ Russell Holdings Limited and Cainiao Smart Logistics Investment, collectively, the Buyer Group, to acquire all of the outstanding ordinary shares of the company, including the Class A ordinary shares represented by the American Depositary shares of the company that are not already beneficially owned by the buyer group for a proposed purchase price of $0.144 per ordinary share or $2.88 per ADS in cash. A copy of the proposal letter is attached hereto as Exhibit A. According to the proposal letter, the buyer Group intends to fund the consideration payable in the proposed transaction primarily with equity capital from the Buyer Group in the form of rollover equity in the company and cash contributions. The company also announced that the board has formed a special committee consisting of its three independent directors, Wenbiao Li, Ying Wu and Klaus Anker Petersen, to evaluate and consider the proposal letter and the proposed transaction. Ying Wu will chair the special committee. The board cautions the company's shareholders and others considering trading the company's securities that no decision has been made with respect to the proposal letter or the proposed transaction. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the proposed transaction, or that the proposed transaction or any other similar transaction will be approved or consummated. The company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.
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J | Hot Stocks05:10 EST Jacobs wins new contract to support UK nuclear power plants - Jacobs was awarded a new Project Management Resources, or PMR, framework contract with EDF Nuclear Generation, licensee of eight nuclear power stations which account for approximately 16% of the U.K.'s electricity output. Under an existing PMR framework, Jacobs supports operations at four Advanced Gas-cooled Reactor, or AGR, stations; the transition from generation to defueling at another three AGR stations; and the operation and life extension program for the Sizewell B pressurized water reactor. EDF estimates the value of the new two-year contract, which starts on January 1, 2024, at more than $53M.
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GGR | Hot Stocks05:07 EST Gogoro signs MoU with Hindustan Petroleum - Gogoro announced it had signed a memorandum of understanding, or MoU, with Hindustan Petroleum Corporation, or HPCL, an Indian oil company, with more than 21,000 retail outlets. With more locations than gas stations in Taiwan's cities, the Gogoro Network is a new generation of swappable battery refueling that is smart, safe, and continually optimizing itself to be dynamic and versatile for riders, businesses, and communities. The Gogoro Network supports nearly 600,000 riders and has more than 1.3M smart batteries in circulation through its network of 12,000 battery swapping stations at over 2,500 locations. With more than 400,000 daily battery swaps and nearly 500 million total battery swaps to date, Gogoro Network battery swapping has saved more than 750,000 tons of CO2 since it launched.
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KOD | Hot Stocks05:04 EST Kodiak Sciences announces Phase 3 GLOW superiority study met primary endpoint - Kodiak Sciences announced that its Phase 3 GLOW superiority study evaluating tarcocimab tedromer 5 mg in moderately severe to severe NPDR met its one-year primary endpoint. Kodiak paused further development of tarcocimab last summer after its GLEAM and GLIMMER studies in diabetic macular edema did not meet their primary endpoint, in order to evaluate learnings from its pivotal BEACON study in patients with macular edema due to retinal vein occlusion and from its GLOW study. The company believes that the one-year head-to-head BEACON results and primary endpoint and key secondary endpoint GLOW results support the development of three attractive clinical prospects: enhanced tarcocimab ABC, enhanced bispecific KSI-501 ABC, and our KSI-501 bispecific free protein and that Kodiak has on hand sufficient capital to further develop in parallel all three of these prospects.
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