Stockwinners Market Radar for November 30, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PSTG | Hot Stocks20:06 EST Cathie Wood's ARK Investment bought 143K shares of Pure Storage today
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ENG | Hot Stocks19:50 EST ENGlobal trading halted, news pending
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BDX | Hot Stocks18:30 EST Becton Dickinson reports FDA safety communication doesn't impact BD syringes - Becton Dickinson issued a statement regarding the FDA Safety Communication on evaluation of certain plastic syringes. Eric Borin, president of BD Medication Delivery Solutions said, "The FDA safety notice does not apply to any BD syringes. Essentially all plastic syringes BD provides to the U.S. health care system are manufactured in the United States in Nebraska and Connecticut. BD remains committed to supporting the U.S. health care system and is ready to increase production to help supply those providers who currently purchase syringes impacted by the FDA communication..."
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OLP | Hot Stocks18:25 EST One Liberty Properties announces asset sales of $32M - One Liberty Properties announced that it completed the sale of two restaurant properties and a portion of a retail property for a an aggregate sales price of approximately $8.7 million. The Company anticipates producing an aggregate gain on these sales of approximately $2.7 million. The Company also entered into non-cancellable agreements to sell three restaurant properties and two retail properties for an aggregate sales price of $23.0 million. The Company anticipates that these sales will be completed before year-end for an aggregate gain-on-sale of approximately $10.0 million.
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LYFT | Hot Stocks18:23 EST Lyft CEO: We have 45% more driver hours now vs. a year ago - In an interview on CNBC's Mad Money, David Risher said customer obsession drives enterprise value. Employee confidence is the highest it has been in four years, he noted. The company's "women + connect" and airport pickup options are resonating with clients, he added.
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TU | Hot Stocks18:14 EST Telus acquires new 3800 MHz spectrum licences - Telus announced the acquisition of new 3800 MHz spectrum licences nationwide at a cost of $620M during the recent ISED 3800 MHz auction. TELUS will now hold licences to an average of 72 MHz of 3800 MHz spectrum nationally, acquired at an average price of $0.24 per MHz-pop. Combined with the 3500 MHz spectrum obtained in 2021, TELUS has secured approximately 100 MHz of prime 5G mid-band spectrum nationally, with contiguity in 96% of the country including all major markets, at an average price of $0.82 per MHz-pop. TELUS is well positioned to fully maximise the efficient use of 5G and the effective development and deployment of 5G products and services conceived of since the launch of this wireless technology. With mid-band spectrum becoming the critical global band for 5G innovation due to the ideal combination of speed, capacity, low latency, and coverage, this contiguous spectrum provides wider channels and enables a superior network experience for customers.
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HD | Hot Stocks18:12 EST Home Depot exec Bastek sells 1,612 common shares - In a regulatory filing, Home Depot executive VP of Merchandising William Bastek disclosed the sale of 1,612 common shares of the company on November 28 at a price of $313.90 per share.
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GDRX | Hot Stocks18:06 EST GoodRx interim CEO Wagner buys $180K in common stock - In a regulatory filing, GoodRx disclosed that its interim CEO Scott Wagner bought 30.5K shares of common stock on November 28th in a total transaction size of $180.4K. Shares are up 5.1% after-hours at $6.30.
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AGYS | Hot Stocks17:53 EST Agilysys director sells $8.17M in common stock as part of option expiry - In a regulatory filing, Agilysys disclosed that its director Michael Kaufman sold 95.8K shares of common stock as part of option expiry in a total transaction size of $8.17M.
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MESO | Hot Stocks17:50 EST Mesoblast trading halted, news pending
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AGL | Hot Stocks17:46 EST Agilon Health director buys $250K in common stock - In a regulatory filing, Agilon Health disclosed that its director Jeffrey Schwaneke bought 22.3K shares of common stock on November 29th in a total transaction size of $250.2K.
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GCTK | Hot Stocks17:43 EST GlucoTrack granted 180-day extension to regain compliance with Nasdaq - Glucotrack has received a notification letter from Nasdaq that the company has been granted an additional 180-day compliance period, or until May 20, 2024, to regain compliance with Nasdaq's minimum bid price rule. On May 26, 2023, Nasdaq informed the company that, based on the previous 30 consecutive business days, the company's common stock no longer met the minimum $1.00 bid price per share requirement. On November 24, the company received a letter from Nasdaq notifying the company that it is eligible for an additional 180 calendar day period to regain compliance. If, at any time before May 20, 2024, the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of 10 consecutive business days, the company will regain compliance with this Nasdaq rule. This current notification from Nasdaq has no immediate effect on the listing or trading of the Company's common stock, which will continue to trade on the Nasdaq Capital Market under the symbol "GCTK."
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SYM | Hot Stocks17:38 EST Symbotic investor David Ladensohn sold $1.17M in common stock - In a regulatory filing, Symbotic disclosed that its 10% holder David Ladensohn sold 20K shares of common stock on November 28th in a total transaction size of $1.17M.
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NVDA | Hot Stocks17:37 EST Nvidia director Hudson sells 11,000 common shares - In a regulatory filing, Nvidia director Dawn Hudson disclosed the sale of 11,000 common shares of the company on November 28 at a price of $477.7699 per share.
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DELL | Hot Stocks17:33 EST Dell Technologies expects to return to growth in FY25 - "We expect revenue to return to growth next year, above our long-term financial framework."
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RTX | Hot Stocks17:24 EST RTX awarded $225.31M Navy contract modification - RTX was awarded a $225.31M cost-plus-fixed-fee and cost-only modification to a previously awarded contract to exercise options for continued Air and Missile Defense Radar and Enterprise Air Surveillance Radar integration and production support. Work is expected to be completed by November 2024. This contract was procured under the statutory authority of 10 U.S. Code 2304, Only one responsible source and no other supplies or services will satisfy agency requirements is the contracting activity.
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GD | Hot Stocks17:18 EST General Dynamics awarded $654.5M Army contract - General Dynamics were awarded a modification and will compete for each order of the $654.5M fixed-price with economic-price-adjustment contract for M1128 metal parts programs. Work locations and funding will be determined with each order, with an estimated completion date of April 12, 2028. Army Contracting Command is the contracting activity.
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SGEN... | Hot Stocks17:06 EST Seagen, Astellas and Merck announce FDA grants priority review to Padcev BLA - Astellas Pharma (ALPMY) and Seagen (SGEN) announced that on November 30, the FDA accepted for priority review a supplemental Biologics License Application - sBLA - for Padcev with Merck's (MRK) Keytruda as a combination therapy for the treatment of adult patients with locally advanced or metastatic urothelial cancer, a form of bladder cancer that has spread to surrounding organs or muscles, or other parts of the body. The FDA has set a target action date of May 9, 2024. The FDA is reviewing the application under its Real-Time Oncology Review program. approved, this combination would be the first treatment option for cisplatin eligible and ineligible patients. The sBLA for first-line use of the combination is based on results from the Phase 3 EV-302 clinical trial, which found that the combination improved overall survival and progression-free survival with statistically significant and clinically meaningful results in patients with previously untreated la/mUC compared to platinum-containing chemotherapy. Safety results were consistent with those previously reported with this combination, and no new safety issues were identified. The EV-302 trial, which is intended to serve as the confirmatory trial for the U.S. accelerated approval and as the basis for global regulatory submissions, is also intended to expand the indication into the cisplatin-eligible patient population.
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PACI | Hot Stocks17:06 EST PROOF Acquisition to transfer listing to NYSE American - PROOF Acquisition and following its name change to Volato Group announced that, upon completion of the Business Combination, shares of Volato common stock and warrants will be listed on NYSE American LLC . The Company's decision to transfer to the NYSE American was driven by a number of factors, including more favorable listing standards. Trading is expected to begin on NYSE American on or about December 4, 2023, under the new ticker symbols "SOAR" and "SOAR.WS" for Volato common stock and warrants, respectively, following the consummation of the Business Combination, which is currently expected to occur on or about December 1, 2023.
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CCJ | Hot Stocks17:02 EST Cameco names Catherine Gignac board chair - Cameco announced the appointment of Catherine Gignac as chair of Cameco's board of directors effective December 1, 2023. Gignac will succeed Ian Bruce, who passed away on October 15, 2023. Bruce had served as Cameco's board chair since May 2018. "I am honoured to be appointed chair and given the opportunity to lead this exceptional board and management team as Cameco continues to serve the thriving nuclear energy industry," Gignac said. "I am humbled to take over this role from Ian, who provided a steady hand during tumultuous times and helped bring Cameco the success it is experiencing today."
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APTO | Hot Stocks17:00 EST Aptose names Fletcher Payne chief business officer - Aptose Biosciences announced the appointment of Fletcher Payne to Chief Business Officer, in addition to his role as Senior Vice President, Chief Financial Officer. With a healthcare tenure of more than 25 years, Mr. Payne has held several CFO and senior management positions at biotech companies in addition to finance and accounting roles, and has overseen legal, corporate development and licensing functions. During his career, he has executed a wide array of business transactions totaling more than $3.7B, with healthcare focus in clinical testing, oncology, neurological, and orphan diseases indications. "Fletcher's financial and business oversight has proven to be instrumental as we continue to evolve our business and operations strategies," said William G. Rice, Ph.D., Chairman, President and Chief Executive Officer. "He brings the strategic leadership necessary at a time of significant opportunity for Aptose."
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PACI | Hot Stocks16:59 EST PROOF Acquisition shareholders approve business combination with Volato - PROOF Acquisition "announced that its stockholders voted to approve the previously announced business combination with Volato, Inc. a leading private aviation company in the United States, at the special meeting of stockholders held on November 28, 2023. Approximately 97% of the votes cast at the Special Meeting were cast in favor of the approval of the Business Combination."
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ULTA | Hot Stocks16:57 EST Ulta Beauty jumps 10% to $468.72 after Q3 results beat estimates
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BIOR | Hot Stocks16:49 EST Biora Therapeutics: FDA clears IND application for BT-600 - Biora Therapeutics announced that the U.S. FDA has cleared the company's Investigational New Drug application for BT-600, a drug/device combination for the treatment of moderate to severe ulcerative colitis.
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RJF | Hot Stocks16:49 EST Raymond James increases common stock repurchase authorization - Raymond James authorized repurchase of the company's shares of common stock in an aggregate amount of up to $1.5B. The $1.5B authorization replaces the previous repurchase authorization of $1.5B announced on December 1, 2022, under which approximately $700M was remaining as of November 30, 2023. The Board's authorization does not have a fixed expiration date.
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CCNE | Hot Stocks16:48 EST CNB Financial chairperson Peter Smith to step down, Jeffrey Powell to succeed - Jeffrey Powell, a member of CNB Financial and CNB Bank boards of directors, was elected chairperson of both boards by his fellow Directors, effective January 1, 2024. Powell has been a CNB Director since 1994. He will succeed the current chairperson of the board, Peter Smith, who provided the CNB Boards with notice of his intention to step down as Chairperson at the end of 2023.
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VSAC | Hot Stocks16:47 EST Vision Sensing Acquisition to extend business combination period to January 3 - Vision Sensing Acquisition, a special purpose acquisition company, "announced that it has notified Continental Stock Transfer & Trust Company that it intends to extend the date by which the Company must consummate its initial business combination from December 3, 2023, to January 3, 2024, and that its sponsor, Vision Sensing, LLC, intends to deposit into the Company's trust account an aggregate of $60,000 by December 4, 2023. In connection with the Extension, the Company intends to issue to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $60,000 as consideration for the funding. This will be the second of up to six one-month extensions that the Company is authorized to obtain under its amended and restated certificate of incorporation as recently amended on October 25, 2023."
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RJF | Hot Stocks16:47 EST Raymond James increases quarterly dividend 7.1% to 45c per share - Raymond James declared a quarterly cash dividend on shares of its common stock of 45c per share, payable January 16, 2024 to shareholders of record on January 2, 2024. This is a 7.1% increase over the previous dividend of 42c per share paid on October 16, 2023. The Board declared a quarterly dividend of $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock payable January 2, 2024, to shareholders of record on December 15, 2023.
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GWRE | Hot Stocks16:45 EST Guidewire COO Hung sells 6,310 common shares - In a regulatory filing, Guidewire president and COO Priscilla Hung disclosed the sale of 6,310 common shares of the company on November 29 at a price of $100 per share.
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RCI | Hot Stocks16:43 EST Rogers Communications acquires 3800 MHz 5G spectrum across Canada - Rogers Communications has acquired 3800 MHz in the country's third 5G spectrum auction on Canada's largest 5G network. Rogers invested $475M for 40.5 MHz of 3800 MHz spectrum at $0.32 cents per MHz/POP across 172 regions available under the spectrum auction. The acquired 3800 MHz will complement Rogers 3500 MHz 5G spectrum that it currently holds. This spectrum covers not only urban areas, but also includes rural and Indigenous communities across the country.
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WY | Hot Stocks16:37 EST Weyerhaeuser purchases timberlands in Southern U.S. - Weyerhaeuser has entered into two distinct agreements with Forest Investment Associates to divest approximately 69,600 acres in Upstate South Carolina for $170M, and to purchase approximately 60,700 acres of high-quality timberlands in Coastal North Carolina, South Carolina and Mississippi for $163M. Key attributes of the transaction include: adding quality timberlands with attractive timber attributes, including mature, highly productive acreage that is well-integrated with existing Weyerhaeuser timberlands and mill operations; fee ownership with 80% planted pine acreage and strong site productivity, delivering strong long-term timber returns; well-stocked timber inventory producing attractive sawlog mix and expected average harvest of 6.9 tons per acre annually over the first five years. Expected average Adjusted EBITDA from timber operations is $130 per acre or $7.7M annually over the first five years. The transaction is subject to customary closing conditions and is expected to close in Q4.
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PATH | Hot Stocks16:36 EST UiPath sees Q4 ARR at $1.450B-$1.455B
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DIS WEN | Hot Stocks16:35 EST Disney shareholder Blackwells Capital calls for Trian to end board campaign - Blackwells Capital, a shareholder of Disney (DIS) since 2018, issued its support for the ongoing restructuring led by the company's CEO Bob Iger, and "stewarded by an enviable Board of Directors recently enhanced" through the appointments of James Gorman and Jeremy Darroch. Blackwells said that displacing these individuals or other members of the board with Peltz and other Trian selected nominees would deprive shareholders of valuable, experienced voices in the boardroom at a critical time in the company's history. The shareholder said, "Blackwells is concerned that Trian's campaign prioritizes Mr. Peltz's ego over what is best for all Disney shareholders, and that its latest effort may cost Disney shareholders upwards of $50 million and serve only as a value destructive fog for Disney's leadership and Board. Moreover, Blackwells does not believe that Trian's efforts at Disney, or indeed at other public companies, have necessarily served the interests of long-term shareholders. Trian and Mr. Peltz's involvement at Wendy's (WEN) serves as a cautionary tale for Disney shareholders. In an act of nepotism, Mr. Peltz installed his son, Matthew H. Peltz, as the non-executive Vice Chairman and packed the board with business partners and friends, while presiding over a period of disappointing results for Wendy's shareholders." Jason Aintabi, chief investment officer of Blackwells, commented, "Disney has one of the most attractive portfolios of beloved brands and businesses. The combined stewardship of the refreshed Board and the leadership of Mr. Iger, offer Disney shareholders the best opportunity to surface value. Mr. Peltz and Trian need to withdraw this costly and disruptive effort to displace experienced voices in the boardroom and substitute them with Mr. Peltz and his nominees." Aintabi continued, "Mindless, drum-beating activism is not the right strategy for shareholders. Disney's Board is acting in the best interests of all shareholders and should be allowed the time to focus on driving value at one of America's most iconic companies without this fatuous sideshow."
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PATH | Hot Stocks16:35 EST UiPath jumps 10% to $21.79 after Q3 earnings beat
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ESTC | Hot Stocks16:34 EST Elastic jumps 14% to $91.80 after Q2 earnings beat, guidance raise
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BLD | Hot Stocks16:34 EST TopBuild CEO Buck sells 4,500 common shares - In a regulatory filing, TopBuild president and CEO Robert Buck disclosed the sale of 4,500 common shares of the company on November 29 at a price of $296.02 per share.
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DIS | Hot Stocks16:33 EST Disney gains 1% afterhours at $93.60 after reinstating dividend payout
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SUAC | Hot Stocks16:33 EST ShoulderUp Technology Acquisition announces LOI for business combination - ShoulderUp Technology Acquisition announced that it has entered into a non-binding letter of intent for a potential business combination with a private information technology company. The Company anticipates entering into a definitive agreement by the end of the first quarter of next year. However, no assurances can be made that the Company will successfully negotiate and enter into a definitive agreement for a business combination or that the Company will be successful in completing the business combination. The previously disclosed non-binding letter of intent has been terminated in accordance with its terms.ShoulderUp is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities
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MKL | Hot Stocks16:33 EST Markel COO Bob Cox to depart at year end - Markel President and COO, Global Insurance Operations Bob Cox will be leaving his role December 31, after five years leading successful, profitable growth strategies for the company's global insurance operations. Cox joined Markel in 2018 to oversee Markel's global insurance operations-its Markel Specialty and Markel International divisions. Prior to joining Markel, he held executive leadership insurance positions, including extensive experience in all areas of specialty and commercial property and casualty insurance. With Cox's departure, its Markel Specialty and International insurance divisions will report directly to Noble. Simon Wilson, President Markel International, Alex Martin, President, Markel Specialty, and Bryan Sanders, Chairman, Markel Specialty, will report to Noble effective December 31.
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ALT | Hot Stocks16:32 EST Altimmune announces results from 48-week MOMENTUM obesity trial - Altimmune announced topline results from its 48-week MOMENTUM Phase 2 obesity trial of pemvidutide. The trial enrolled 391 subjects with obesity or overweight with at least one co-morbidity and without diabetes. Subjects were randomized 1:1:1:1 to 1.2 mg, 1.8 mg, 2.4 mg pemvidutide or placebo administered weekly for 48 weeks in conjunction with diet and exercise. The 1.2 mg and 1.8 mg doses were administered without dose titration, while a short four-week titration period was employed for the 2.4 mg dose. At baseline, subjects had a mean age of approximately 50 years, mean body mass index, or BMI, of approximately 37 kg/m2 and mean body weight of approximately 104 kg. Approximately 75% of subjects were female. At Week 48, subjects receiving pemvidutide achieved mean weight losses of 10.3%, 11.2%, 15.6% and 2.2% at the 1.2 mg, 1.8 mg, and 2.4 mg doses and placebo, respectively, with a near-linear trajectory of continued weight loss observed on the 2.4 mg dose at the end of treatment. Over 50% of subjects achieved at least 15% weight loss and over 30% of subjects achieved at least 20% weight loss on the 2.4 mg dose. As in prior clinical trials, pemvidutide resulted in robust reductions in serum lipids and improvements in blood pressure without imbalances in cardiac events, arrhythmias or clinically meaningful increases in heart rate. Glucose homeostasis was maintained, with no significant changes in fasting glucose or HbA1c. More subjects receiving pemvidutide stayed on study compared to those receiving placebo, with 74.1% of pemvidutide subjects completing the trial compared to 61.9% of placebo subjects. Nausea and vomiting comprised the majority of adverse events, or AEs, and were predominantly mild to moderate in severity. Only one subject experienced a drug-related serious adverse event, or SAE, a case of vomiting at the 2.4 mg dose. Rates of AEs leading to treatment discontinuation were 6.2% in subjects receiving placebo and 5.1%, 19.2%, and 19.6% in subjects receiving 1.2 mg, 1.8 mg and 2.4 mg of pemvidutide, respectively. Study discontinuations related to study drug occurred in 2.1% of placebo subjects and 4.1%, 16.2% and 15.5% in subjects receiving 1.2 mg, 1.8 mg and 2.4 mg of pemvidutide, respectively, with most discontinuations due to AEs in the pemvidutide groups occurring in the first 16 weeks of treatment. No AEs of special interest or major adverse cardiac events were observed, and there were low rates of cardiac AEs, including arrhythmias, with no imbalance across pemvidutide or placebo groups.
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ESTC | Hot Stocks16:27 EST Elastic reports Q3 total subscription count at 20.7K vs. 19.7K in Q3 last year - In Q3, total subscription customer count was approximately 20,700 compared to approximately 20,500 in Q1 FY24, and over 19,700 in Q2 FY23. Total customer count with Annual Contract Value (ACV) greater than $100,000 was over 1,220 compared to over 1,190 in Q1 FY24, and over 1,050 in Q2 FY23. Net Expansion Rate was approximately 110%.
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DIS | Hot Stocks16:25 EST Disney reinstates dividend, to pay 30c per share for second half of FY23 - The dividend is payable January 10, 2024 to shareholders of record at the close of business on December 11, 2023.
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MBAC | Hot Stocks16:23 EST M3-Brigade Acquisition II announces redemption of Class A common stock - M3-Brigade Acquisition II has determined to redeem all of its outstanding Class A common stock, par value $0.0001 per share, previously issued to the public, with such redemption anticipated to be effective on or about December 13, 2023, because the company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. The company expects the last day of trading of its Public Shares, units and warrants to be on or about December 8. If the company has not completed an initial business combination by December 8, the company will cease all operations except for the purpose of winding up, as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the issued and outstanding Public Shares , and subject to approval of remaining stockholders and the board of directors, dissolve and liquidate. The per-share redemption price for the Public Shares is expected to be approximately $10.60. The company expects to retain a portion of the interest earned on the funds deposited in the trust account to pay the company's tax obligations and $100K of dissolution expenses.Following the last day of trading of the company's Public Shares, units and warrants, the company expects that the NYSE will delist its securities.
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SKT | Hot Stocks16:19 EST Tanger Factory acquires open-air lifestyle center in Huntsville, Alabama - Tanger has acquired Bridge Street Town Centre, an 825,000-square-foot open-air lifestyle center in Huntsville, Alabama. The center comprises over 80 retail stores, restaurants, and entertainment venues and serves as the dominant shopping destination in the market. Tanger acquired Bridge Street Town Centre for $193.5M using cash on hand and available liquidity. Management expects the center to deliver a first-year return in the mid-8% range, with potential for additional growth over time. Bridge Street Town Centre, Tanger's first open-air lifestyle center, is over 93% occupied, with a dynamic tenant mix that includes the market's only Apple Store and apparel, footwear and beauty brands, as well as several larger format retailers including Barnes & Noble, Dick's Sporting Goods, Old Navy, H&M, and Belk. The acquisition of Bridge Street Town Centre is the company's third center addition this quarter,. The company funded the recent Huntsville and Asheville acquisitions totaling $263.5M through cash on hand and draws on the company's credit facility. Additionally, during Q4 through November 30, 2023, the company raised gross proceeds of $57.5M through its at-the-market equity program, selling 2.3 million shares at an average price of $25.16 per share.
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AIG | Hot Stocks16:18 EST AIG names Rose Marie Glazer as General Counsel - American International Group announced that Rose Marie Glazer, who served as Interim General Counsel since October 1, 2023, has been named General Counsel, with immediate effect, overseeing AIG's legal, compliance, regulatory and government affairs functions. Ms. Glazer remains an Executive Vice President reporting to Peter Zaffino, AIG Chairman & Chief Executive Officer, and member of AIG's Executive Leadership Team. Most recently, Ms. Glazer served as AIG's Chief Human Resources & Diversity Officer since January 1, 2022.
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FND | Hot Stocks16:17 EST Floor & Decor opens newest location in Avenel, NJ - Floor & Decor has opened its eleventh store in the New York City Metropolitan Area, with the addition of its newest location in Avenel, New Jersey. Located at 1550 St Georges Ave, the warehouse store and design center opened with a team of about 50 full-time and part-time associates led by Arsenio Mackay, the store Chief Executive Merchant. "We're thrilled to announce our newest store location in Avenel," said Mackay. "For more than two decades, Floor & Decor has had the opportunity to serve professionals and homeowners throughout the nation, and we are excited to expand our footprint yet again in New Jersey with this new location. We look forward to becoming part of the community and welcoming our newest neighbors into our store and making their renovation journeys easier, inspired and more affordable."
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ACR | Hot Stocks16:16 EST ACRES Commercial Realty Corp. announces additional $10M share repurchase plan - ACRES Commercial Realty Corp. announced that its board of directors authorized and approved the continued use of its existing share repurchase program, to repurchase up to approximately $4.1M of common stock previously approved by the Board, and an additional $10M of the outstanding shares of both its common and preferred stock.
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PATH | Hot Stocks16:13 EST UiPath reports Q3 ARR up 24% from last year at $1.378B - Reports Q3 Dollar based net retention rate of 121%.
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DELL | Hot Stocks16:13 EST Dell Technologies COO expects revenue growth heading into FY25 - "Technology is everywhere, and we continue to focus on extending our leadership positions and turning new opportunities into incremental growth," said Jeff Clarke, vice chairman and COO. "Our servers and networking business was up 9% sequentially fueled by customer interest in generative AI. And heading into FY25, we expect revenue growth given the tailwinds to our business."
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AOUT | Hot Stocks16:11 EST American Outdoor Brands reports Q2 gross margin 45.7% - Quarterly gross margin was 45.7%, a decrease of 200 basis points, compared with quarterly gross margin of 47.7% for the comparable quarter last year.
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PD | Hot Stocks16:10 EST PagerDuty reports Q3 ARR up 13% at $438.9M - In Q3, reports: "Annual recurring revenue grew 13% year over year to $438.9 million. Customers with annual recurring revenue over $100,000 grew 10% to 778 as of October 31, 2023, compared to 710 in the year ago period. Dollar-based net retention rate of 110% as of October 31, 2023, compared to 123% in the year ago period. Total free and paid customers of more than 27,000 as of October 31, 2023 representing approximately 18% growth year over year. Total paid customers of 15,049 as of October 31, 2023, compared to 15,265 in the year ago period."
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ULTA | Hot Stocks16:08 EST Ulta Beauty CFO Settersten to retire - Ulta Beauty announced that Scott Settersten has informed the Company of his decision to retire as Chief Financial Officer, Treasurer and Assistant Secretary after nearly 20 years with Ulta Beauty, effective April 1, 2024. Paula Oyibo, senior vice president of finance, will succeed Settersten as CFO and will report to Dave Kimbell, chief executive officer. Kimbell said, "Scott has had a tremendous impact on Ulta Beauty as a key member of our leadership team and a passionate steward of our business for nearly two decades. From his early days of supporting Ulta Beauty's initial public offering to his more than a decade as CFO, Scott helped guide Ulta Beauty through times of significant transformation and expansion. The impressive shareholder returns achieved throughout his tenure are a testament to his leadership and disciplined approach to driving profitable growth."
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DELL | Hot Stocks16:07 EST Dell Technologies reports Q3 cash flow from operations $2.2B - Cash flow from operations for the third quarter was $2.2B, driven by profitability and strong working capital performance. The company has generated $9.9B of cash flow from operations throughout the last 12 months.
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DELL | Hot Stocks16:06 EST Dell Technologies ends Q3 with remaining performance obligations of $39B - Dell ended the quarter with remaining performance obligations of $39B, recurring revenue of $5.6B, up 4% year-over-year, and deferred revenue of $29.1B, up 7% year-over-year, primarily due to increases in software and hardware maintenance agreements. The company's cash and investment balance was $9.9B.
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LSCC | Hot Stocks16:00 EST Lattice Semiconductor expands stock repurchase program with $250M authorization - Lattice Semiconductor Corporation announced that its Board of Directors authorized the company to repurchase up to an additional $250M of its outstanding common stock through the end of December 2024. During the fourth quarter of 2023, the company repurchased $50M or approximately 900,000 shares. The company has repurchased a total of approximately 4.8M shares since the fourth quarter of 2020 thereby reducing dilution by 3.4%. Sherri Luther, Chief Financial Officer, said, "With our recent share repurchase in the fourth quarter of 2023, we have executed on our thirteenth consecutive quarter of share buybacks. This latest share repurchase program expansion that we are announcing today is an important component of our capital allocation program and reflects the financial strength of our business, confidence in our long-term financial model, and continued commitment to delivering shareholder value."
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TSLA | Hot Stocks15:48 EST Tesla says Cybertruck goes 0-60 mph in 2.6s - Tesla shared a video on X captioned "Feat of Strength 3: Cyberbeast (0-60 in 2.6s)" that shows a race conducted with its Cybertruck vehicle. Reference Link
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SNGX | Hot Stocks15:40 EST Soligenix jumps170% after FDA clears IND application for dusquetide in Behcet's - Shares of Soligenix, a rare disease-focused late-stage biopharma firm, are up 150% or 62c per share to $1.05 per share in late-day trading on Thursday after the FDA cleared the IND application for a Phase 2a clinical trial entitled, "Pilot Study of SGX945 in the Treatment of Aphthous Ulcers in Behcet's Disease." The study is designed to evaluate the safety and efficacy of SGX945 or dusquetide, and is expected to begin patient enrollment in the second half of 2024.
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MINM | Hot Stocks14:36 EST Minim not aware of any information that would account for unusual trading - Minim issued the following statement regarding unusual trading in its common stock: "Normally, the Company does not comment on market activity or rumors. However, Minim is not aware of any material, undisclosed information related to the Company that would account for the recent increase in the market price and increase in the level of trading volume of its shares."
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BDRBF | Hot Stocks14:24 EST Bombardier 'disappointed' Canada awarded aircraft contract without 'competition' - Bombardier released a statement: "Today, Bombardier and GDMS-C employees, as well as Canadians, political and industry leaders, and suppliers, who have very vocally supported Canadian talent, are all equally disappointed that their Canadian government has decided to award a generational contract without an open and fair competition, and without fully evaluating its home-grown industry's multi-mission aircraft capabilities. Despite multiple conversations with the government, where we requested an RFP or a more detailed framework within which to present key facts and capabilities, no such follow-on opportunities were given to Bombardier, or its partners. No aerospace or third-party experts subsequently evaluated our capabilities. Throughout, we remained resolute and came together to passionately advocate for a next-generation capability and an opportunity for our aerospace industry to shine - we are truly thankful for everyone's effort to that end. The solution we were ready to present would have been a game changer for the Canadian economy - not only would it have created and sustained more than 22,000 full-time jobs, but it would have been a model as many countries around the world are looking at our offering as the true future of multi-mission aircraft. Canada is in a unique position of having a manufacturing hub that is the envy of countries around the globe. There is still a bright future for maritime surveillance platforms that Bombardier is ready, willing and able to offer Canada, and the rest of world, which will be less expensive to acquire, less expensive to operate, saving approximately 30% on operating costs, all while decreasing carbon emission by approximately 40% - in 2023 and beyond, we cannot underestimate how important this is as a key differentiator. All in all, we can all be proud of the next-generation solution we were poised to deliver. We are confident that our product offering will be successful in multiple markets, setting a new standard for maritime patrol. Bombardier Defense has built a successful reputation as the most flexible partner for countries around the world and we look forward to sharing more successes on this front."
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BP | Hot Stocks14:10 EST BP buys remaining 50.3% stake in solar developer Lightsource for GBP 254M - BP has agreed to acquire the 50.03% interest it does not already own in Lightsource bp, one of the world's leading developers and operator of utility-scale solar and battery storage assets.The parties agree that now is the right time for bp to take full ownership, enabling Lightsource bp's continuing growth and high performance...Full ownership will now enable bp to further scale up Lightsource bp and create additional value by applying bp's complementary capabilities and strengths - including in finance and trading bp has structured and priced the acquisition terms to be highly competitive, reflecting market conditions and with a consideration structure that is biased to performance. In time, bp may also look to unlock further value through bringing a strategic partner into the business. - fully to the business. bp will continue to target double digit equity returns from this business. Under their agreement, bp will acquire the remaining stake in Lightsource bp from the company's founders, management, and staff. The parties have agreed a base equity value of GBP 254M for the 50.03% interest. The selling shareholders will also have the opportunity to receive further payment over time, dependent on company performance and the market value of pre-agreed assets divested from the portfolio. For full year 2022, Lightsource bp reported underlying EBITDA of GBP 287M and at the effective transaction date, 31 December 2022, had corporate level debt adjusted for cash of GBP 1.5 B excluding project finance. Reference Link
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BAK | Hot Stocks14:05 EST Braskem SA trading resumes
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DATS | Hot Stocks14:01 EST Myman tells The Fly 2024 will be 'big year' for DatChat
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DATS | Hot Stocks14:01 EST DatChat CEO sees potentially growing very quickly in upcoming year
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DATS | Hot Stocks14:01 EST DatChat chief believes privacy, security give company competitive advantage
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SKT | Hot Stocks14:00 EST Tanger Factory Chairman Steven Tanger sells $1.6M in company shares - The Chairman of Tanger, Steven Tanger, disclosed the sale of 64,212 shares of company stock at $25.50 per share on November 27, for a total transaction amount of $1,637,406.
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META | Hot Stocks13:45 EST WhatsApp rolls out Chat Lock for 'more sensitive conversations' - Meta Platforms' WhatsApp blogged in part, on Thursday: "Earlier this year we rolled out Chat Lock to help people protect their more sensitive conversations. ...we're launching secret code, an additional way to protect those chats and make them harder to find if someone has access to your phone or you share a phone with someone else. With a secret code you'll now be able to set a unique password different from what you use to unlock your phone to give your locked chats an extra layer of privacy. You'll have the option to hide the Locked Chats folder from your chatlist so that they can only be discovered by typing your secret code in the search bar. If that doesn't suit your needs, you can still choose to have them appear in your chatlist. Whenever there's a new chat which you want to lock, you can now long press to lock it rather than visiting the chat's settings. We're so happy our community has been loving Chat Lock, and hope that secret code makes it even more useful to them. Secret code starts rolling out today, and in the coming months will be available globally. We're excited to keep bringing more functions to Chat Lock to help people protect their privacy, let us know what you think." Reference Link
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BA | Hot Stocks13:37 EST Boeing confirms Canada selects P-8A Poseidon as its multi-mission aircraft - The Government of Canada has signed a Foreign Military Sales Letter of Offer and Acceptance for up to 16 Boeing P-8A Poseidon aircraft, as part of the Canadian Multi-Mission Aircraft project. "Canada joins eight defense partners, including all of the FIVE EYES allies, the intelligence alliance that also includes the United States, United Kingdom, Australia and New Zealand, and becomes the fifth NATO nation to have selected the P-8 as its multi-mission aircraft. First delivery is expected in 2026," Boeing stated. Reference Link
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BA | Hot Stocks13:29 EST Canada purchasing up to 16 Boeing P-8A Poseidon aircraft - The Honourable Bill Blair, Minister of National Defence, the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement, and the Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry announced that Canada has finalized a government-to-government agreement with the United States government for the acquisition of up to 16 P-8A Poseidon aircraft for the Royal Canadian Air Force. Fourteen multi-mission aircraft will be procured, with options for up to an additional two. "After significant engagement and thorough analysis, we are confident that the P-8A delivers the best anti-submarine and intelligence, surveillance, and reconnaissance (ISR) capabilities for our country. The aircraft will operate seamlessly with allies. This platform is a proven capability that is operated by all our Five Eyes allies-the United States, the United Kingdom, Australia, and New Zealand-as well as other defence partners. The estimated investment for this project is $10.4B CAD; it includes up to $5.9B USD for the P-8A, associated equipment, training devices and sustainment set-up. The balance will cover additional investments in simulators, infrastructure and weapons," the Department of National Defence stated in a press release. Boeing is the maker of the P-8 Poseidon. Reference Link
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BAK | Hot Stocks13:28 EST Braskem SA trading halted, news pending
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MSTR... | Hot Stocks12:48 EST MicroStrategy bought 16,130 bitcoins for $593.3M in November - MicroStrategy disclosed this morning that it entered into a sales agreement with Cowen, Canaccord Genuity and BTIG, pursuant to which MicroStrategy may issue and sell shares of its class A common stock, having an aggregate offering price of up to $750M, from time to time. MicroStrategy also announced that, during the period between November 1 and November 29, it acquired approximately 16,130 bitcoins for approximately $593.3M in cash, at an average price of approximately $36,785 per bitcoin, inclusive of fees and expenses. As of November 29, MicroStrategy held an aggregate of approximately 174,530 bitcoins, which were acquired at an aggregate purchase price of approximately $5.28B and an average purchase price of approximately $30,252 per bitcoin, inclusive of fees and expenses.
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BRLI | Hot Stocks12:26 EST Brilliant Acquisition Corp trading resumes
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BRLI | Hot Stocks12:21 EST Brilliant Acquisition Corp trading halted, volatility trading pause
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GME | Hot Stocks12:00 EST GameStop falls -10.8% - GameStop is down -10.8%, or -$1.76 to $14.49.
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PSTG | Hot Stocks12:00 EST Pure Storage falls -13.4% - Pure Storage is down -13.4%, or -$5.07 to $32.86.
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PACI | Hot Stocks12:00 EST Precision Auto Care, Inc falls -41.4% - Precision Auto Care, Inc is down -41.4%, or -$13.26 to $18.75.
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BIG | Hot Stocks12:00 EST Big Lots rises 12.7% - Big Lots is up 12.7%, or 61c to $5.41.
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VSCO | Hot Stocks12:00 EST Victoria's Secret rises 15.1% - Victoria's Secret is up 15.1%, or $3.56 to $27.14.
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REX | Hot Stocks12:00 EST REX American Resources rises 35.5% - REX American Resources is up 35.5%, or $13.11 to $50.00.
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SLNH | Hot Stocks11:36 EST Soluna Holdings completes registration for Ancillary Services - Soluna Holdings completed its registration for Ancillary Services to diversify its revenue streams.S oluna registered for ERCOT's Demand Response Program establishing the company as a key contributor to intelligent and flexible energy solutions, promoting environmental and economic advantages for Texas. Soluna will be able to make over $10/MWh in additional revenue to Project Dorothy providing this grid resilience support and potentially reduce its power costs below $20/MWh, making it among the lowest cost players in the industry.
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DIS | Hot Stocks11:34 EST Disney: On track to achieve about $7.5B in cost savings
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DIS | Hot Stocks11:34 EST Disney responds to Peltz, recommends support for company's board slate - The Walt Disney Company issued the following statement in response to the statement released by Nelson Peltz, founding partner of Trian, relating to Disney and its Board of Directors: "The Walt Disney Company has a proven track record of delivering long-term value to our shareholders and is in the midst of a significant transformation to reinforce our position as the world's preeminent entertainment company. Over the past twelve months, we restructured the company to restore creativity to the center of all our businesses as we significantly reduce costs and drive efficiencies, and we are on track to achieve about $7.5B in cost savings - $2B more than our original target. Disney is moving from a period of fixing to a new era of building, as the entire media sector navigates the crosscurrents of the competitive landscape for streaming. We are executing on four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business; building ESPN into the preeminent digital sports platform; improving the output and economics of our film studios; and turbocharging growth in our Experiences business. Our extraordinary portfolio of businesses, brands and assets-and the key synergies between them-are the foundation to developing the popular franchises that will continue to drive our strategic success. With one of the strongest balance sheets in the media sector, Disney expects free cash flow to approach pre-COVID levels in fiscal 2024, and the Board and management are steadfast in our commitment to ensuring The Walt Disney Company's long-term success for the benefit of all our shareholders. Disney also continues to refresh its Board of Directors, including the appointments of James P. Gorman, Chairman and Chief Executive Officer of Morgan Stanley, and Sir Jeremy Darroch, a veteran media executive and former Group Chief Executive of Sky, as new directors, as the result of a lengthy and comprehensive search that began in April of this year. Their appointments reflect Disney's commitment to a strong board focused on the long-term performance of the company, strategic growth initiatives, the succession planning process, and increasing shareholder value. As also announced yesterday, Disney board member Francis A. deSouza has decided not to stand for reelection at the annual meeting. Mr. Peltz, in partnership with Isaac Perlmutter, a former Disney executive, intends to take its case to shareholders. Mr. Perlmutter owns 78% of the shares that Mr. Peltz claims beneficial ownership of, or more than 25 million of the 33 million shares. This dynamic is relevant to assessing Mr. Peltz and any other nominees he may put forth as directors, as Mr. Perlmutter was terminated from his employment by Disney earlier this year and has voiced his longstanding personal agenda against Disney's CEO, Robert A. Iger, which may be different than that of all other shareholders. The Disney Board will recommend to shareholders its slate of director nominees in the company's proxy statement to be filed with the Securities and Exchange Commission and distributed to all shareholders eligible to vote at the annual meeting."
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DIS | Hot Stocks11:34 EST Disney issues statement in response to Peltz, Trian, relating to board - The Walt Disney Company (DIS) issued a statement in response to the statement released by Nelson Peltz, founding partner of Trian, relating to Disney and its Board of Directors: "The Walt Disney Company has a proven track record of delivering long-term value to our shareholders and is in the midst of a significant transformation to reinforce our position as the world's preeminent entertainment company. Over the past twelve months, we restructured the company to restore creativity to the center of all our businesses as we significantly reduce costs and drive efficiencies, and we are on track to achieve about $7.5B in cost savings - $2B more than our original target. Disney is moving from a period of fixing to a new era of building, as the entire media sector navigates the crosscurrents of the competitive landscape for streaming. We are executing on four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business; building ESPN into the preeminent digital sports platform; improving the output and economics of our film studios; and turbocharging growth in our Experiences business. Our extraordinary portfolio of businesses, brands and assets-and the key synergies between them-are the foundation to developing the popular franchises that will continue to drive our strategic success. With one of the strongest balance sheets in the media sector, Disney expects free cash flow to approach pre-COVID levels in fiscal 2024, and the Board and management are steadfast in our commitment to ensuring The Walt Disney Company's long-term success for the benefit of all our shareholders. Disney also continues to refresh its Board of Directors, including the appointments of James P. Gorman, Chairman and CEO of Morgan Stanley (MS), and Sir Jeremy Darroch, a veteran media executive and former Group Chief Executive of Sky, as new directors, as the result of a lengthy and comprehensive search that began in April of this year. Their appointments reflect Disney's commitment to a strong board focused on the long-term performance of the company, strategic growth initiatives, the succession planning process, and increasing shareholder value. As also announced yesterday, Disney board member Francis A. deSouza has decided not to stand for reelection at the annual meeting. Mr. Peltz, in partnership with Isaac Perlmutter, a former Disney executive, intends to take its case to shareholders. Mr. Perlmutter owns 78% of the shares that Mr. Peltz claims beneficial ownership of, or more than 25 million of the 33 million shares. This dynamic is relevant to assessing Mr. Peltz and any other nominees he may put forth as directors, as Mr. Perlmutter was terminated from his employment by Disney earlier this year and has voiced his longstanding personal agenda against Disney's CEO, Robert A. Iger, which may be different than that of all other shareholders. The Disney Board will recommend to shareholders its slate of director nominees in the company's proxy statement to be filed with the Securities and Exchange Commission and distributed to all shareholders eligible to vote at the annual meeting. Disney shareholders are not required to take any action at this time."
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ZVSA | Hot Stocks11:32 EST ZyVersa Therapeutics announces 1-for-35 reverse stock split - yVersa Therapeutics announces that its board of directors has approved a 1-for-35 reverse stock split of the Company's common stock. The board of directors has also approved an increase in the Company's authorized shares of capital stock. The Company's stockholders approved the reverse stock split and the increase in authorized capital stock at the Company's Annual Meeting of Stockholders held on October 31, 2023. The stockholders granted the board of directors the authority to determine the exact split ratio and when to proceed with the reverse stock split. The reverse stock split will become effective on December 4, 2023 at 4:01 pm, Eastern Time and the Company's common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Global Market on December 5, 2023 at market open under the existing ticker symbol, "ZVSA." The reverse stock split is intended to increase the price per share of the Company's common stock to allow the Company to demonstrate compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq, among other benefits. Likewise, effective November 30, 2023, the Company amended its certificate of incorporation to increase the authorized number of shares of the Company's capital stock from 111,000,000 to 251,000,000 and the number of authorized shares of common stock from 110,000,000 to 250,000,000.
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DIS | Hot Stocks11:32 EST Disney issues statement in response to Peltz, Trian, relating to board
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UK | Hot Stocks11:18 EST Ucommune International Ltd trading resumes
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UK | Hot Stocks11:08 EST Ucommune International Ltd trading halted, volatility trading pause
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WBA GDRX | Hot Stocks11:07 EST Walgreens launches Rx Savings Finder - Walgreens (WBA) announced the launch of its new Rx Savings Finder, a digital tool designed to help customers save money on prescription medications. Rx Savings Finder finds free, third-party discount cards, providing patients with a quick and easy way to find lower prices on their Walgreens medications. "Inflation not only impacts our pockets but can have serious implications on health," said Rick Gates, chief pharmacy officer, Walgreens. "Over one-third of Americans have avoided a prescription refill to reduce costs and with over 131 million Americans taking at least one prescription medication, this is very concerning. That is why we have launched Walgreens Rx Savings Finder - to empower our customers with transparent prescription costs and help them save money on medications." Other companies in the space include GoodRx (GDRX). Reference Link
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BAC | Hot Stocks10:31 EST BofA Securities fined $24M by FINRA for treasuries spoofing - FINRA announced that it has fined BofA Securities, Inc. $24M for engaging in more than 700 instances of spoofing through two former traders in U.S. Treasury secondary markets and related supervisory failures spanning more than six years. "Spoofing undermines the transparency and integrity of the markets by distorting the true nature of supply and demand. Spoofing is especially detrimental in the U.S. Treasury securities market, given its status as a benchmark for countless financial instruments and transactions," said Bill St. Louis, Executive Vice President and Head of Enforcement at FINRA. "This action sends a strong message that FINRA will aggressively pursue firms that engage in spoofing, including cross-product spoofing." From October 2014 through February 2021, BofA Securities, through a former supervisor and a former junior trader, engaged in 717 instances of spoofing in a U.S. Treasury security to induce opposite-side executions in the same Treasury security or a correlated Treasury futures contract. In settling this matter, BofA Securities consented to the entry of FINRA's findings, without admitting or denying the charges.
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DIS | Hot Stocks10:28 EST Disney's share price underperforming proxy peers, says Trian
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DIS | Hot Stocks10:26 EST Disney board's addition of Gorman, Darroch won't restore confidence, says Trian
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DIS | Hot Stocks10:25 EST Trian says to take case directly to Disney shareholders
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DIS | Hot Stocks10:25 EST Disney board turns down Trian's request for board representation, says Trian - Trian Fund Management, L.P. beneficially owns approximately $3B of stock in The Walt Disney Company. This morning, following conversations with Disney's CEO, Disney extended an offer to Trian to meet with the Board but informed Trian that the Board is turning down Trian's recent request for Board representation, including Nelson Peltz. Trian said the following regarding the discussions: "Since we gave Disney the opportunity to prove it could 'right the ship' last February, up to our re-engagement weeks ago, shareholders lost ~$70B of value. Disney's share price has underperformed proxy peers and the broader market over every relevant period during the last decade and over the tenure of each incumbent director. Investor confidence is low, key strategic questions loom, and even Disney's CEO is acknowledging that the Company's challenges are greater than previously believed. While James Gorman and Sir Jeremy Darroch represent an improvement from the status quo, the addition of these directors will not, in our view, restore investor confidence or address the root cause behind the significant value destruction and missteps that this Board has overseen. Trian intends to take our case for change directly to shareholders."
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PACI | Hot Stocks10:25 EST Proof Acquisition I Corp trading resumes
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PACI | Hot Stocks10:20 EST Proof Acquisition I Corp trading halted, volatility trading pause
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VINO | Hot Stocks10:06 EST Gaucho Group granted 180-day extension by Nasdaq to regain compliance - Gaucho Group Holdings has been granted a 180-day extension by NASDAQ to regain compliance with the exchange's listing requirements. This extension provides Gaucho Holdings with crucial time and flexibility to implement strategic initiatives and take corrective measures aimed at ensuring full compliance with NASDAQ standards.
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TT | Hot Stocks10:05 EST EROAD, Thermo King enter data sharing partnership - EROAD and Thermo King are thrilled to announce their strategic data sharing partnership. This collaboration empowers EROAD to seamlessly integrate with Thermo King's TracKing telematics equipment, a standard feature on Thermo King Precedent trailer refrigeration units since 2018. This integration provides EROAD customers with access to cloud-based, secure data integration, eliminating the need for additional hardware. Customers of both EROAD and Thermo King can now opt in at any time to authorize EROAD to access their Thermo King units, enabling them to visualize temperature data, monitor alarms, and utilize two-way refrigerated micro control, all through the EROAD 360 platform.
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WMT | Hot Stocks10:04 EST Sam's Club to open two distribution centers in St. Louis and Minneapolis area - Sam's Club announced plans to open two new distribution centers in early 2024 outside St. Louis and Minneapolis. The new facilities are part of a multi-year growth plan to transform the supply chain at Sam's Club and evolve network and end-to-end capabilities. The first facility will open in the greater St. Louis area, in January 2024. The 370,000 square-foot facility will be located at 5710 Inner Park Dr., and serve as a distribution center and fulfillment center, creating more than 100 jobs across the region. Hourly associate hiring for the center will begin in early December. Walmart Inc. is a top employer in Illinois with more than 57,000 associates. The Shakopee, Minn., facility will be located at 7400 Hentges Way and will serve as a multipurpose distribution center. The 365,000 square-foot facility is scheduled to open in March 2024, and will employ more than 80 associates. Hiring is already underway. Walmart Inc. employs more than 24,000 associates across Minnesota.
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AWK | Hot Stocks10:04 EST New Jersey American Water to purchase Salem City water and sewer system for $18M - New Jersey American Water announced that it it has signed an agreement to acquire the water and sewer system of the City of Salem, N.J. for $18M. This municipally owned system serves more than 2,300 customers. The agreement follows a voter referendum that took place on November 7, 2023, which passed with over 60% of the voters approving the sale of the system to New Jersey American Water. As part of the acquisition agreement, and subject to approval from the New Jersey Board of Public Utilities, New Jersey American Water will invest over $50M in infrastructure improvements in the first 10 years following completion of the acquisition.
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CDT | Hot Stocks10:01 EST Conduit Pharmaceuticals Inc trading resumes
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MOV | Hot Stocks10:00 EST Movado falls -9.7% - Movado is down -9.7%, or -$2.80 to $26.18.
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PACI | Hot Stocks10:00 EST Precision Auto Care, Inc falls -12.5% - Precision Auto Care, Inc is down -12.5%, or -$4.01 to $28.00.
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PSTG | Hot Stocks10:00 EST Pure Storage falls -13.4% - Pure Storage is down -13.4%, or -$5.09 to $32.84.
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BIG | Hot Stocks10:00 EST Big Lots rises 14.2% - Big Lots is up 14.2%, or 68c to $5.48.
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ZUO | Hot Stocks10:00 EST Zuora rises 19.0% - Zuora is up 19.0%, or $1.59 to $9.94.
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REX | Hot Stocks10:00 EST REX American Resources rises 31.3% - REX American Resources is up 31.3%, or $11.56 to $48.45.
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BTDR NVDA | Hot Stocks09:57 EST Bitdeer partners with Nvidia in cloud service launch - Bitdeer Technologies Group (BTDR) has recently announced a strategic partnership with NVIDIA Corporation (NVDA). This collaboration heralds the launch of Bitdeer AI Cloud, setting the stage for a new era in cloud computing and AI capabilities from Bitdeer. Bitdeer's new status as a Preferred Cloud Service Provider in the NVIDIA Partner Network is a significant development. The Bitdeer AI Cloud, leveraging NVIDIA DGX SuperPOD with DGX H100 systems, is positioned to address the increasing demand for AI supercomputing. This service aims to facilitate advances in generative AI, large language models and other AI workloads, tapping into the rapidly growing public cloud platform-as-a-service market, which saw over 32% annual growth in 2022. This growth is being driven largely by rapid developments in machine learning, AI and LLM. Bitdeer plans to become one of the first cloud services in Singapore powered by NVIDIA DGX SuperPOD with DGX H100 systems hosted in Bitdeer's existing data center infrastructure in the city set to launch in Q1 2024.
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AMKR... | Hot Stocks09:56 EST Amkor to invest $2B to build advanced packaging and test facility in Arizona - Amkor Technology (AMKR) announced its plan to build an advanced packaging and test facility in Peoria, Arizona. By the time of full project completion, Amkor projects to invest approximately $2B and employ approximately 2,000 people at the new facility. "Expansion of a US semiconductor supply chain is underway, and as the largest US-headquartered advanced packaging company, we are excited to lead the charge in bolstering America's advanced packaging capabilities," said Giel Rutten, Amkor's president and chief executive officer. "Semiconductor companies, foundries, and other supply chain partners understand the need to strategically broaden their geographic footprint. The announcement of our new advanced packaging and test facility in Arizona is a clear signal of our intent to help our customers ensure resilient supply chains and be a part of a strong American semiconductor ecosystem." Amkor said it worked closely with Apple (AAPL) on the strategic vision and initial manufacturing capability of the Peoria facility, which will package and test chips produced for Apple at the nearby TSMC (TSM) fab. When the new facility opens, Apple will be its first and largest customer.
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CDT | Hot Stocks09:51 EST Conduit Pharmaceuticals Inc trading halted, volatility trading pause
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LABD | Hot Stocks09:47 EST Daily S&P Biotech Bear 3x Shares falls -9.3% - Daily S&P Biotech Bear 3x Shares is down -9.3%, or -$1.68 to $16.48.
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PSTG | Hot Stocks09:47 EST Pure Storage falls -16.3% - Pure Storage is down -16.3%, or -$6.19 to $31.74.
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PACI | Hot Stocks09:47 EST Precision Auto Care, Inc falls -18.4% - Precision Auto Care, Inc is down -18.4%, or -$5.88 to $26.13.
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GB | Hot Stocks09:47 EST Global Blue rises 9.7% - Global Blue is up 9.7%, or 40c to $4.51.
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BIG | Hot Stocks09:47 EST Big Lots rises 17.1% - Big Lots is up 17.1%, or 82c to $5.62.
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ZUO | Hot Stocks09:47 EST Zuora rises 19.4% - Zuora is up 19.4%, or $1.62 to $9.97.
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HUM | Hot Stocks09:34 EST Humana, CINQCARE partner for in-home care in New York - CINQCARE and Humana are teaming up to serve Medicare Advantage members throughout New York. Together, the two companies, which share a dedication to comprehensive, whole-person health solutions, aim to improve healthcare challenges and close gaps in specific communities in the state. CINQCARE will offer robust care management to qualifying Humana members including around-the-clock telephonic nurse support and remote monitoring, and at-home services including visits from nurses and physicians.
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BYD... | Hot Stocks09:33 EST Nevada reports October statewide gaming win up 2.69% to $1.32B - Nevada reports October Las Vegas Strip gaming win up 1.23% versus last year to $714.48M. Publicly traded companies in the casino and online gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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LGF.A LGF.B | Hot Stocks09:31 EST Lionsgate shareholders approve Neuberger Berman proposal - Neuberger Berman announced that shareholders of Lions Gate Entertainment have voted overwhelmingly to approve a proposal submitted by Neuberger Berman calling upon the Board of Lions Gate to eliminate the company's dual-class share structure.
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VRTV | Hot Stocks09:29 EST CD&R completes acquisition of Veritiv - Veritiv announced that an affiliate of Clayton, Dubilier & Rice completed its acquisition of the company. With the completion of the transaction, Veritiv's common stock has ceased trading and is no longer listed on the New York Stock Exchange.
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SMTI | Hot Stocks09:27 EST Sanara MedTech announces publication of study on CellerateRX Surgical Powder - Sanara MedTech announced that the Journal of Surgery has published a retrospective study on CellerateRX Surgical Powder titled "Activated Collagen Powder Significantly Reduces Surgical Site Infections in Patients Undergoing Elective Surgery". About the Study and Key Results: Retrospective study of 5,335 patients undergoing elective surgeries over four years. More than a quarter of the patients received CellerateRX in evaluation of clean or clean contaminated cases. Surgical specialties included general, surgical oncology, orthopedic, vascular, neurosurgery, cardiothoracic, plastic and gynecology. The use of activated collagen in patients undergoing elective surgery resulted in a 59% reduction in surgical site infection rates. This reduction was most pronounced in the clean cases with a 69% decrease in surgical site infection rates.
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FSLY | Hot Stocks09:26 EST Fastly Chief Revenue Officer Brett Shirk resigns - In a regulatory filing, Fastly disclosed that on November 27, Brett Shirk, Chief Revenue Officer of the company, notified the company of his resignation effective December 1, 2023 to pursue another opportunity. "Shirk's resignation was not due to any disagreement with the company on any matter related to the company's operations, policies or practices," the filing stated.
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ASPS | Hot Stocks09:18 EST Altisource Portfolio Solutions announces Hubzu expanded collaboration with NCST - Altisource Portfolio Solutions announced that Hubzu, Altisource's industry leading online auction marketplace, has expanded its collaboration with NCST, a national nonprofit housing organization, to bolster the supply of affordable, single-family homes. This strategic collaboration will offer Hubzu homes that are available for sale under the Federal Housing Administration Claims Without Conveyance of Title second chance program to NCST and their dedicated community of buyers, fortifying neighborhood stability, fostering community wealth, and promoting racial equity. For years, Hubzu has worked hand in hand with NCST, offering REO inventory to their community of home buyers. Today's announcement marks an expansion of this relationship to include Hubzu REO inventory under FHA's CWCOT second chance program, demonstrating the parties' unwavering commitment to transforming housing dreams into reality.
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VRT INTC | Hot Stocks09:17 EST Vertiv Holdings to collaborate with Intel on liquid cooling solution - Vertiv (VRT) announced the company is collaborating with Intel (INTC) to provide a liquid cooling solution that will support the revolutionary new Intel Gaudi3 AI accelerator, scheduled to launch in 2024. AI applications and high-performance computing emit higher amounts of heat, and organizations are increasingly turning to liquid cooling solutions for more efficient and eco-friendly cooling options.
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CYCC | Hot Stocks09:17 EST Cyclacel Pharmaceuticals regains compliance with Nasdaq listing rule - Cyclacel Pharmaceuticals announced that it received a notice from The Nasdaq Stock Market indicating that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1), by filing its quarterly report on Form 10-Q for the period ended September 30, 2023, on November 29, 2023 with the Securities and Exchange Commission. Nasdaq Listing Qualifications Department staff has determined that the Company complies with the Rule and advised that the matter is now closed.
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MTTR VCSA | Hot Stocks09:14 EST Matterport signs multi-year partnership with Vacasa - Matterport (MTTR) and Vacasa (VCSA) announced a new multi-year partnership to leverage Matterport's Digital Twin Platform and Capture Services. Vacasa will expand its use of Matterport's Digital Twin Platform as an integral part of its home onboarding and guest service experiences for the tens of thousands of properties Vacasa manages. Matterport's full-stack digital twin solutions will enable Vacasa to more efficiently and effectively capture, document and promote its listings. Each digital twin will produce an immersive virtual tour as well as high-resolution photos to deliver a consistent showcase experience across Vacasa's rentals, all through a single capture appointment. "Matterport is the only all-in-one solution to both market and optimize a global network of properties," said Jay Remley, Chief Revenue Officer, Matterport. "Our work with Vacasa demonstrates our ability to deliver value throughout the property life cycle, from marketing to operations, and ultimately the customer experience-all made possible by the investments we've made in our digital twin platform for promoting and operating properties anywhere in the world."
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ACAD | Hot Stocks09:13 EST Acadia Pharmaceuticals initiates COMPASS PWS study - Acadia Pharmaceuticals announced the initiation of the Phase 3 COMPASS PWS study evaluating the efficacy and safety of carbetocin nasal spray for the treatment of hyperphagia in Prader-Willi syndrome, or PWS. PWS is a rare, neurobehavioral genetic disorder that is estimated to affect 8,000 to 10,000 patients in the United States.1-4 The most common symptom is hyperphagia, which is an unrelenting lack of satiety. Other defining features of PWS may include altered metabolism, developmental delays, behavioral challenges and moderate cognitive deficits.
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UGRO | Hot Stocks09:13 EST Urban-Gro awarded $9.6M industrial design-build contract with CPG Client - urban-gro announced that the Company was awarded a $9.6M Design-Build contract. The Company anticipates that the bulk of this industrial contract for a CPG client's project in the Southwest United States will be completed over the next three quarters. Bradley Nattrass, Chairman and CEO, commented, "We are thrilled to continue to grow this longstanding client partnership and demonstrate depth of expertise in the industrial vertical. Our focus on service and market sector diversification continues to drive opportunity for the Company across the U.S. This contract is a testament to the strength of the relationship that our team has cultivated with this client through the repeated consistent delivery of tailored project solutions and superior outcomes."
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TGL | Hot Stocks09:10 EST Treasure Global announces launch of ZCITY's Premium Store - Treasure Global announced the launch of ZCITY's Premium Store, responding to evolving consumer needs and aimed at enhancing gross profit and driving revenue for the Company. In addition, TGL is proud to share that ZCITY has received the silver trophy for Best eCommerce Solution at MARKETING-INTERACTIVE Asia eCommerce Awards 2023, demonstrating its commitment to excellence in the dynamic landscape of digital commerce. "Having observed the evolving trends and user behaviors of our 2.66 million users, we strategically developed the ZCITY Premium Store, an enhanced version of Zmembership. We believe the enhancements will not only retain our existing customers but will attract new users, enhancing overall engagement, as well as driving the growth in transactions and increase in gross profit," said Sam Teo, Chief Executive Officer of Treasure Global.
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SNAL | Hot Stocks09:10 EST Snail releases 'ARK: Survival Ascended' on PlayStation 5 - Snail released ARK: Survival Ascended on PlayStation 5. This highly-anticipated launch introduces a new group of console players to an expansive world of adventure, complemented by the addition of 250+ mods to enhance gameplay experience. Since the October launch of ASA on Steam and Xbox Series X S more than 1 million gross units have been sold worldwide. Survivors on PlayStation 5 can now jump into freshly launched official servers with increased rates to welcome them onto the Island.
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SCLX | Hot Stocks09:09 EST Scilex announces successful FDA audit of enhanced ZTlido manufacturing facility - Scilex announced the successful completion of a Good Manufacturing Practices, GMP, inspection by the U.S. Food and Drug Administration, FDA, of the enhanced manufacturing facility of Oishi Koseido for ZTlido located in Tosu, Saga, Japan. This successful audit allows Scilex to continue commercializing ZTlido product manufactured at 250kg scale at Oishi's facility. This facility is also the manufacturing site for SP-103 that recently completed trials in acute back pain and neck pain. "This successful FDA GMP inspection highlights the GMP and quality assurance of our partner Oishi's manufacturing facility in Japan, which is essential as we scale the commercial production of ZTlido(R)," said Jaisim Shah, Chief Executive Officer and President of Scilex. "The successful FDA inspection for this enhanced manufacturing site marks an important milestone for Scilex that will enable us to increase our capacity to meet the growing demand for ZTlido."
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YMM | Hot Stocks09:09 EST Full Truck Alliance presents vision for low emissions shipping - As COP 28 seeks to get commitments from countries and industries to drastically reduce emissions across all sectors, Full Truck Alliance showcased its strategy for a greener, technology-driven trucking sector with lower emissions. Dr. Chen Zhaohui, FTA's Principal Scientist, spoke during a panel on Nov. 30 about international private sector collaboration to meet emission reduction targets, explaining FTA's pledge to lead in reducing trucking emissions in China. The strategy includes novel ways of reducing diesel consumption from trucking by billions of liters each year. The transportation sector accounts for about a quarter of global greenhouse gas emissions. In the twenty first century world of complex global supply chains, ecommerce, and expectations for increasingly fast deliveries, the pressure on shipping companies at all stages of delivery is intensifying. The combination of planes, trucks, trains, and ocean vessels that drive global shipping are all nearly completely reliant on fossil fuels. While advancements within each mode of transport are helping to increase efficiency, a full transition from fossil fuels is not imminent. Other forms of emissions reductions in the industry are much needed in the meantime.
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SPT | Hot Stocks09:08 EST Sprout Social's community for marketers surpasses 10,000 members - Sprout Social announced that The Arboretum has surpassed 10,000 members. The membership milestone comes less than a year after The Arboretum's public launch-quickly becoming a hub for industry connection, community and mentorship for social and marketing professionals. "We are thrilled to see how quickly The Arboretum has grown and how rapidly it's become a go-to space for marketers of all levels to engage with one another on a rich variety of topics, trends and strategies," said Jamie Gilpin, CMO, Sprout Social. "Reaching this membership milestone is both evidence of our teams' incredible efforts to make this community meaningful and engaging and of a thriving social industry that is constantly innovating and making increasing business impact."
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SB | Hot Stocks09:07 EST Safe Bulkers announces stock repurchase program up to 5M shares - Safe Bulkers has authorized a program under which it may from time to time in the future purchase up to 5,000,000 shares of the Company's common stock. If the maximum number of shares of the Company's common stock are purchased pursuant to the aforementioned program, it would represent approximately 4.5% of the shares of the Company's common stock outstanding and 8.1% of its public float.
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INTA | Hot Stocks09:07 EST Intapp Documents selected by IBB Law LLP - Intapp announced that IBB Law LLP has selected Intapp Documents to transform Microsoft SharePoint into a purpose-built document management system. IBB Law, a leading West London and Thames Valley law firm, will use Intapp Documents to move document management to the cloud and manage matter-related content across all firm data sources. The firm will also gain greater structure and control around collaboration, versioning, enhanced search, and document co-authoring. With Intapp Documents, IBB Law professionals will have a comprehensive, industry-tailored view of client and matter data within the Microsoft apps they use every day. "We are thrilled that IBB Law is adopting Intapp Documents to enhance knowledge management across the firm," said Pat Archbold, General Manager, Collaboration and Content Solutions at Intapp. "Our collaboration solutions and alignment with Microsoft are helping law firms work smarter and manage an ever-increasing amount of matter-specific data."
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NN... | Hot Stocks09:06 EST NextNav announces CEO Pattabiraman to step down, appoints Sorond as CEO - NextNav (NN) announced the appointment of Mariam Sorond, a veteran industry leader, as NextNav's new Chief Executive Officer, effective November 29, 2023. Sorond will also join NextNav's Board of Directors upon assuming her new role as CEO. Ganesh Pattabiraman, NextNav's Co-Founder and current CEO made the personal decision to step down from his role as CEO and member of the Board of Directors at NextNav to spend more time with family. Pattabiraman plans to remain as a senior advisor to the Company for two years. Sorond joins NextNav with over 28 years of technical and strategy experience in the telecommunications industry. Most recently, Sorond held the title of Chief Technology Officer, SEBU for VMWare (VMW), which was recently acquired by Broadcom (AVGO).
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LPLA | Hot Stocks09:05 EST LPL Financial: Jerry Madden Jr. joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor Jerry Madden, Jr., CFA, has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $140 million in advisory, brokerage and retirement plan assets*, and joins LPL from Cetera. Located in Paramus, N.J., Madden has more than two decades of experience in the financial services industry, and has earned a reputation as a financial advisor that builds trust with his clients by providing them with customized, comprehensive plans designed to build wealth - while preserving assets and income and protecting families from unforeseen risks along the way.
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PRTH | Hot Stocks09:05 EST Priority Technology and Datacap announce strategic technology partnership - Priority Technology Holdings has announced a strategic partnership with Datacap Systems a leading integrated payments middleware and gateway provider. Datacap's industry-standard universal payments integration delivers instant access to virtually every major payment processor and leading hardware OEM in North America with a best-in-class feature set. Together, Datacap and Priority will support thousands of ISOs and merchant service providers to bring unified commerce to even more merchants and small businesses. The partnership creates a universal payments integration of Datacap's platform with Priority's MX Merchant Suite of solutions to offer customers enhanced compatibility with leading processing, point-of-sale systems, and other Banking-as-a-Service benefits. Under the integration, customers can process payments seamlessly and consolidate reporting, inventory management, and reconciliation processes. Additionally, the integration supports scalability, flexibility, and growth by accommodating the evolving needs of merchants for secured and simplified processes that reduce manual data entry and human errors.
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SNX | Hot Stocks09:03 EST TD Synnex: Patrick Zammit named Chief Operating Officer - TD Synnex announced today that Patrick Zammit has been named Chief Operating Officer, reporting to company CEO Rich Hume effective January 1. In this new role, Zammit will coordinate the company's business strategy to drive profitable growth across all technologies, geographies and vendors, and to accelerate the adoption of new, high-growth technologies around the globe. Zammit has served at TD SYNNEX as president, Europe, since 2017, adding executive responsibility for Asia Pacific and Japan in 2021. A new leader for TD SYNNEX's business in Europe will be announced in the coming weeks.
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AVGO | Hot Stocks09:03 EST Broadcom introduces NetGNT engine - Broadcom announced a novel on-chip, neural-network inference engine called NetGNT in its new, software-programmable Trident 5-X12 chip. NetGNT works in parallel to augment the standard packet-processing pipeline. The standard pipeline is one-packet/one-path, meaning that it looks at one packet as it takes a specific path through the chip's ports and buffers. NetGNT, in contrast, is an ML inference engine and can be trained to look for different types of traffic patterns that span the entire chip.
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BON | Hot Stocks09:02 EST Bon Natural Life announces advancement in sulforaphane - Bon Natural Life announced an achievement in converting glucoraphanin into sulforaphane, an active ingredient in broccoli extract. BON's dedicated R&D team has conducted extensive research, and completed the design of a new compound system, that, when introduced into the human body, integrates enzymes with broccoli extract, efficiently catalyzing glucoraphanin, a precursor, into sulforaphane. This technological advancement not only boosts the transformation rate and bioavailability of broccoli extract, but also reduces costs significantly, allowing for rapid market expansion. Additionally, it extends the shelf life of extract products, providing convenience to customers. Yongwei Hu, CEO & Chairman of BON, stated, "We believe that our new Broclife products will address the challenges related to both effectiveness and costs in broccoli extract products, and play a crucial role in the global health market. With this innovation, BON hopes to unleash substantial growth with the hope to reach a projected of market of tens of millions of dollars over the next three years. This achievement will not only drive the Company's expansion but also deliver exceptional performance and value to our shareholders."
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CART | Hot Stocks09:02 EST Instacart, Wegmans Food Markets partner on alcohol delivery in New Jersey - Instacart announced its partnership with Wegmans Food Markets and all independently owned Wegmans Wine, Liquor & Beer locations to power alcohol delivery across New Jersey. Starting November 30, customers can order alcohol delivery in as fast as an hour or scheduled days in advance via the Instacart App and website and the Wegmans App and website.
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SYRA | Hot Stocks09:02 EST Syra Health awarded contract to provide social services in Kansas - Syra Health announced its recent contract win with Osawatomie State Hospital and Adair Acute Care in Kansas. Under this agreement, Syra Health will deploy licensed professionals including licensed social workers, licensed master social workers, and licensed clinical social workers, to deliver vital social and therapy services at Osawatomie State Hospital, including Adair Acute Care. The services Syra Health will provide focus on discharge planning and therapy. Osawatomie State Hospital is licensed by the state of Kansas to provide care and treatment for adults diagnosed with psychiatric disorders. This contract marks Syra Health's second healthcare workforce contract in the state of Kansas.
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GLXZ | Hot Stocks09:02 EST Galaxy Gaming, Pragmatic Play expand licensing agreement - Galaxy Gaming has signed an agreement with Pragmatic Play extending the existing term for the licensing of Galaxy table game content across its portfolio of Live Casino and RNG gaming experiences. Expanding on the existing success of 21+3 and Perfect Pairs configured on Pragmatic Play's Blackjack titles, this agreement will also extend Perfect Pairs(R)across Pragmatic Play's Baccarat titles and enable further expansion across Galaxy's catalogue of games. These additions to Pragmatic Play's portfolio will provide an exciting enhancement to its already popular offerings.
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CLRC | Hot Stocks08:55 EST ClimateRock announces termination of business combination agreement - ClimateRock notified E.E.W. Eco Energy World that the Company has elected to terminate the Amended and Restated Business Combination Agreement among the Company, E.E.W. and the other parties thereto, dated as of August 3, 2023, effective immediately, pursuant to Section 9.1(b) and 9.2 thereof, since the conditions to the closing of the initial business combination were not satisfied or waived by the outside date of September 30, 2023. As a result, the Business Combination Agreement is of no further force and effect, except for certain specified provisions in the Business Combination Agreement, which shall survive the Termination and remain in full force and effect in accordance with their respective terms. The Company and its sponsor intend to seek alternative ways to consummate an initial business combination.
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BIG | Hot Stocks08:53 EST Big Lots sees Q4 comp sales improving vs. Q3 to high-single-digit negative range - The company states: "For the fourth quarter, the company expects comp sales to improve relative to the third quarter and be in the high-single-digit negative range, as key actions to improve the business continue to gain traction. The 53rd week is expected to contribute approximately 400 basis points of sales benefit compared to the fourth quarter of 2022. This benefit will be partially offset by a net decrease in store count which will have an unfavorable impact of approximately 300 basis points of sales. With regard to gross margin rate, the company expects the rate to improve to approximately 38% driven by reduced markdown activity, lower freight costs, and cost reduction and productivity initiatives. The company expects adjusted SG&A dollars to be down by a low-single digit percentage versus 2022, including the impact of additional expense from the recently completed sale and leaseback. The company does not expect to recognize any tax benefit in the fourth quarter as management expects to remain in a three-year cumulative loss position, which requires the company to record valuation allowances against deferred tax assets, including those related to net operating losses. The company is not providing EPS guidance at this point, but does expect its Q4 adjusted operating result to be ahead of last year. The company expects a share count of approximately 29.3 million for the fourth quarter."
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LQR | Hot Stocks08:52 EST LQR House announces 'record-breaking' Black Friday/Cyber Monday weekend - LQR House announces "extraordinary success" during the Black Friday Cyber Monday weekend. By November 30, 2023, LQR House's monthly revenue for November was up over 300% year over year. This remarkable performance has propelled LQR House's overall revenue to unprecedented heights. As Black Friday saw Americans shatter online spending records, CWSpirits.com experienced a substantial surge in both traffic and sales. The Company witnessed a historic surge in sales, with its flagship website, CWSpirits.com, contributing significantly to the November revenue, which totaled an impressive $300,000. This amount comprises revenue from both the LQR House Marketing Contracts and sales on CWSpirits.com.
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CDXC | Hot Stocks08:48 EST ChromaDex shares results of high dose Niagen and mild improvements in PD - "ChromaDex shares results from a new breakthrough study analyzing the safety of high-dose nicotinamide riboside supplementation on individuals with Parkinson's disease. This study was part of the ChromaDex External Research Program CERP, which donated ChromaDex's patented NR ingredient, Niagen ,the most efficient and high quality NAD+ precursor, for the advancement of this research. In a pioneering development for PD treatment, this landmark phase I randomized, double-blind clinical study reported in the peer-reviewed journal Nature Communications by a team of scientists led by Prof. Charalampos Tzoulis, Haukeland University Hospital and University of Bergen in Norway, demonstrated that supplementing individuals with PD with high-dose Niagen NR was short-term safe, greatly increased whole blood NAD+ levels, augmented the NAD+ metabolome, and was associated with a significant clinical improvement. These results build upon previous research led by Dr. Tzoulis and showcase that supplementation with Niagen NR may be a therapeutic strategy for PD, pending further research. PD is a common neurodegenerative disorder largely characterized by progressive impairments in motor function, including tremors, stiffness, slow movement, and poor balance, as well as in non-motor functions, such as abnormal sleep patterns, gastrointestinal dysfunction, and cognitive impairment, or dementia. Current treatment options are limited, and there is a pressing need for innovative approaches to manage the effects of this debilitating neurodegenerative disorder," said the company in a statement.
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PODC LVO | Hot Stocks08:46 EST PodcastOne reports 'record' programmatic revenue in Q2 - PodcastOne announced the highest programmatic revenue in company history for the second fiscal quarter of its fiscal year ending March 31, 2024, 121% growth over the same period last year. Q2 Fiscal Year 2024 programmatic revenue also grew compared to the previous quarter, which had ranked as the company's previous highest quarterly benchmark. As touted by MediaRadar, programmatic advertising is an emerging trend in podcast monetization. PodcastOne's growth percentages put the company well in front of this soon-to-be industry-wide revenue trend. Leveraging Adswizz's ad serving technology, the industry wide shift and growth in programmatic advertising and PodcastOne's expansive, premium inventory of highly sought after hosted podcasts, such as The Fighter & The Kid, The Adam Carolla Podcast, Cold Case Files, Coffee Convos and Off The Vine with Kaitlyn Bristowe, PodcastOne was able to deliver over 229 Million programmatic impressions for Q2 Fiscal Year 2024 an increase in impressions of 79% from the same period last year. PodcastOne is also celebrating its highest average programmatic CPM in Q2 Fiscal Year 2024, marking a 24% growth from the same period last year. PodcastOne's fiscal year concludes March 31, 2024.
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VRSSF | Hot Stocks08:42 EST Verses AI, NASA partner to pursue standards to fthe space industry - VERSES AI welcomes National Aeronautics and Space Administration's Jet Propulsion Laboratory to the Beta program of its Intelligence-as-a-Service platform, Genius. NASA seeks to advance international and interagency collaboration on space exploration efforts through technology and policy standards. NASA, JPL and many other stakeholders in the new "space race" have a vested interest in standardizing infrastructure and supporting the space economy, which Morgan Stanley estimates may grow to $1 Trillion by 2040.
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HUGE | Hot Stocks08:40 EST FSD Pharma, Celly Nu complete plan of arrangement - FSD Pharma and Celly Nutrition announced the closing of the previously announced proposed distribution of a portion of FSD Pharma's holdings of common shares of Celly Nu to certain securityholders of FSD Pharma through a statutory plan of arrangement under section 182 of the Business Corporations Act, pursuant to the arrangement agreement dated October 4, 2023.
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TGAN | Hot Stocks08:40 EST Transphorm announces new battery charger reference designs for 2 & 3 wheeled EVs - Transphorm announced availability of two new reference designs for electric vehicle charging applications. The 300 W and 600 W Constant Current/Constant Voltage CC/CV battery chargers use the company's 70 and 150 milliohm SuperGaN devices to deliver highly efficient AC-to-DC power conversion with high power density at competitive costs. The reference designs are intended to enable high volume production of chargers for 2- and 3-wheel EVs, of which over 14 million and over 45 million are sold annually in India and China respectively. The reference designs can also be used for a variety of applications including fast charging, LED dimmable drivers, gaming consoles, and high-performance laptops. "GaN's adoption in the EV market is rapidly advancing. This is largely driven by the technology's high-power density with cost-effective, high-yield manufacturing process when compared to alternative options such as Silicon Carbide or Silicon," said Tushar Dhayagude, Vice President of Worldwide Sales and FAE, Transphorm. "Specifically, our SuperGaN devices have achieved significant traction in two and three wheelers as they exhibit those advantages along with system and device-level cost benefits versus select Silicon solutions. Based on consistent customer design requests, we're excited to release reference designs that can help on- or off-board charger manufacturers speed up go-to-market with GaN-based systems that can increase the performance and overall usability of next generation vehicles."
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SYTA | Hot Stocks08:39 EST Siyata Mobile announces 1-for-7 reverse stock split - Siyata Mobile will effect a 1-for-7 reverse stock split of its common share, no par value per share. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on Monday, December 4, 2023, and the Company's Common Share will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on December 4, 2023. The Company's Common Share will continue to trade on the Nasdaq Capital Market under the Company's existing trading symbol, "SYTA," and a new CUSIP number 83013Q 707 has been assigned as a result of the Reverse Stock Split. The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.
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GPAK | Hot Stocks08:38 EST Gamer Pakistan subsidiary K2 Gamer announces esports championship 2023-2024 - Gamer Pakistan announced subsidiary K2 Gamer has launched the Super Mega Pakistan Universities Esports Championship 2023-24, a groundbreaking event poised to captivate the nation's gaming community. Set to kick off in the first week of December, this 45-day spectacle features an impressive 1 million PKR prize pool, promising intense competition among the country's top student gamers. K2 Gamer Pakistan is registered with the Security and Exchange Commission of Pakistan and a wholly owned subsidiary of the Gamer Pakistan, the first USA based Pakistan esports company. It is dedicated to advancing esports across educational levels. Through strategic partnerships, the organization has signed Memorandums of Understanding with over 120 universities, collaborating with its affiliate, Elite Sports Pakistan, to promote esports throughout academia. "We are honored to announce that K2 Gamer's Super Mega Pakistan Universities Esports Championship 2023-24 will begin in early December and run for a total of 45 days with a 1 million PKR prize pool," said Muhammad Jamal Qureshi, CEO of K2 Gamer. "The size and scope of this championship is validation and recognition of the rapidly growing Esports industry and the tens of millions of Pakistani gamers, particularly at the University level. I would like to wish all of our competitors well."
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OSIS | Hot Stocks08:37 EST OSI Systems receives $18M contract to enhance airport security Iinfrastruce - OSI Systems announced that its Security division was awarded a contract from an international airport for approximately $18M to provide various checkpoint and hold baggage screening solutions. Among the systems to be provided are the RTT 110 or Real Time Tomography, explosive detection system for screening hold baggage, Metor Walk-Through Metal Detector, and Itemiser 5X explosive trace detection system for secondary screening of passengers. As part of this award, the Company is also engaged to provide comprehensive multi-year maintenance, service, and support. OSI Systems' Chairman and CEO, Deepak Chopra, commented, "We are delighted to work with this major airport customer and look forward to providing our inspection system platforms with advanced technologies that are designed to achieve the highest airport security standards, enhancing both the safety and the overall experience of air passengers."
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CUEN | Hot Stocks08:37 EST Cuentas CEO delivers update in shareholder letter - Cuenta's CEO, Arik Maimon, delivered a thorough update in a shareholder letter, shedding light on the latest developments surrounding CUEN's imminent acquisition of WHEN, showcasing the revolutionary application of modular construction technology, outlining ongoing and prospective real estate ventures, and unveiling plans for an upcoming shareholder meeting. "I am thrilled to personally connect with you and provide a comprehensive update on the exceptional progress and milestones achieved by Cuentas throughout this transformative year.... I am delighted to share the exciting news that Cuentas, Inc. has strategically positioned itself in the rapidly growing cybersecurity market. Through a letter of intent, we are poised to embark on one of the top ten M&A deals of 2023 with the imminent acquisition of WHEN Group. This strategic move solidifies CUEN's active participation in a $215 billion global security market... Recently, the imminent closing of the WHEN acquisition was acknowledged by CSO, a leading security technology news site, as a significant milestone, signaling a new and exciting chapter for Cuentas, Inc. We are diligently working towards completing the transaction, pending Nasdaq and shareholder approval, and meeting specified conditions... In the realm of Mobile Telecommunications, I am spearheading our expansion through a strategic partnership with a reputable retail network... Our focus extends to new markets, particularly the dynamic Hispanic diaspora... We are excited to announce an exclusive commercial and technology partnership that includes mobile gaming and tokenized rewards functionalities in an updated version of our fintech 'Cuentas' mobile application... Additionally, Cuentas has achieved a significant milestone in real estate with its successful entry and partnership with RENCO... Our commitment to sustainable, resilient, and efficient construction is further exemplified by our investment in a 26-acre Tampa property for a collaborative 360-unit project, where we hold a 63% equity stake... Our end-of-quarter results bring fantastic news about Cuentas' progress, with sales skyrocketing to an impressive $1 million, marking an extraordinary quarter-over-quarter increase of 861%, and a remarkable growth in Cash and accounts receivable, reaching an outstanding 200% compared to the third quarter of 2022. This substantial revenue increase is attributed to the success of our joint ventures and divisions, including Cuentas-SDI distribution of mobile top-up and digital content, Tel-3 retail digital portal, and our wholesale telecommunications. These efforts have been strategically aligned in preparation for our upcoming Cuentas Mobile products, featuring international capabilities via our Cuentas FinTech proprietary intellectual property core platform."
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REBN | Hot Stocks08:36 EST Reborn Coffee converts $1M of outstanding debt into common equity - Reborn Coffee announced the conversion of $1.0 million of outstanding debt held by the Company's Vice Chairman of the Board of Directors, Dennis Egidi, into common equity. On June 26, 2023, the Company secured a $1.0 million credit facility with DRE, owned and controlled by Dennis Egidi, to fund working capital requirements and operating expenses. Per the terms of the exchange agreement, DRE agreed to exchange, in consideration of surrender and termination of the Loan Note, with an outstanding balance of $1,000,000, for 1,666,667 shares of common stock, par value $0.0001 per share, of the Company at a price per share equal to $0.60 per share. Pursuant to the Exchange Agreement, the Company also granted DRE piggyback registration rights with regard to the Exchange Shares.
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AENT | Hot Stocks08:35 EST Alliance Entertainment's AMPED Distribution partners with Vydia - Alliance Entertainment announced that its independent distribution arm AMPED Distribution, a leading force in Independent Music distribution with an exceptional roster of artists and labels, has partnered with Vydia, an end to end solution to empower the next generation of music creators, managers, and labels, to expand Vydia's capabilities for physical distribution. Vydia provides an all-in-one platform with cutting-edge technology that provides the digital infrastructure for audio and video distribution, content protection, rights management, advanced payments, and data tracking from one easy-to-use application. Under the partnership Vydia will add physical distribution services to its existing online revenue management solutions for labels. Vydia will utilize AMPED's distribution network, which sells and markets music through Amazon, Walmart, Target, Barnes & Noble, Best Buy and over 3,300 independent music stores in the U.S.
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OST | Hot Stocks08:35 EST Ostin announces major product upgrade to Pintura Photo Sharing product - Ostin Technology Group announces new upgrade to its photo sharing product, Pintura. The new upgrades will elevate user experience with improvements to both Pintura's hardware and software system. The Company plans to launch the upgraded Pintura product at the next Consumer Electronics Show in early 2024, which is also expected to be available for purchase through short-video platforms. "We are dedicated to providing our users with the best possible experience, and these hardware and software enhancements reflect our commitment to innovation and convenience," said Mr. Tao Ling, CEO and Chairman of Ostin Technology Group Co. "With Pintura's refined design, we are confident that users will enjoy an unparalleled stylish photo sharing journey. We also value aftersales user experience, which encourages us to continuously invest in product research and development. And we will continue our goal to improve the way people curate and share their precious moments."
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GWRS | Hot Stocks08:34 EST Global Water Resources raises monthly dividend 1% to 2.508c per share - Global Water Resources has increased its dividend by 1% and has declared under its dividend policy an increased monthly cash dividend in the amount of $0.02508 per common share. The increased monthly distribution represents a new annualized dividend rate of $0.30096 per share, an increase of $0.003 per share from the previous annual rate of $0.29796 per share. The dividend will be payable on December 28, 2023, to holders of record at the close of business on December 14, 2023.
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GM | Hot Stocks08:33 EST General Motors Defense awarded Department of State contract for SUVs - General Motors subsidiary GM Defense has been awarded a 10-year Indefinite Delivery Indefinite Quantity full-rate production contract by the U.S. Department of State to deliver the next generation Heavy-Duty armored Sport Utility Vehicle - HD SUV - in support of the Department's Diplomatic Security Service. GM Defense will deliver Original Equipment Manufacturer integrated HD SUVs under the contract with a ceiling value of $300M. . GM Defense was awarded an initial task order through the IDIQ contract for vehicles, training and engineering services valued at approximately $25M. This contract follows the development and validation contract awarded in 2021 that delivered prototype vehicles for comprehensive testing and evaluation.
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INBS | Hot Stocks08:33 EST Titan Cranes and Rigging adopts Intelligent Bio's drug screening system - Intelligent Bio Solutions announced that Titan Cranes and Rigging has adopted the Company's unique Intelligent Fingerprinting Drug Screening System.
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FEMY | Hot Stocks08:32 EST Femasys appoints James Liu as Chief Medical Officer - Femasys announced the appointment of James Liu, M.D., as Chief Medical Officer. Dr. Liu joins Femasys as the company accelerates commercialization of its product pipeline, including a new therapeutic for artificial insemination, FemaSeed. Dr. Liu is Professor Emeritus at Case Western Reserve University after serving for over 21 years as the Chairman, Department of Obstetrics and Gynecology, University Hospital Health System and the Chair, Department of Reproductive Biology, Case Western Reserve University. He also served as the Division head, Reproductive Endocrinology and Infertility at the University of Cincinnati.
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TARA | Hot Stocks08:32 EST Protara announces additional results from Phase 1a dose-escalation of TARA-002 - Protara Therapeutics, announced additional encouraging data from the Phase 1a dose-escalation component of its ongoing ADVANCED-1 clinical trial of TARA-002, the Company's investigational cell-based therapy, for the treatment of patients with high-grade non-muscle invasive bladder cancer. In addition, the study design for its ADVANCED-2 trial will be presented. The data will be featured during a poster session at the 24th Annual Meeting of the Society of Urologic Oncology being held in Washington, D.C. from November 28, 2023 through December 1, 2023. Study Results: TARA-002 was generally well tolerated at all three dose levels evaluated in the trial, and no dose limiting toxicities were observed. While a maximum tolerated dose was not determined, the Company has selected the 40KE1 dose for use in subsequent clinical trials. The majority of reported adverse events were Grades 1 and 2 across all dose levels, and treatment-related adverse events, as assessed by study investigators, were in line with typical responses to bacterial immunopotentiation, and included fatigue, headache, fever, and chills. The most common urinary symptoms were urinary urgency, urinary frequency, urinary tract pain/burning, incomplete emptying, and bladder spasm. Most bladder irritations resolved soon after administration or in a few hours to a few days. A total of nine patients were enrolled in the study, including three patients with carcinoma in situ who reached the three-month efficacy assessment. Of those three patients with CIS, one heavily pre-treated Bacillus Calmette-Guerin-unresponsive patient achieved a complete response at the 20KE dose, and tumor regression was observed in the other two patients. New results from six patients with high-grade, non-invasive papillary tumors showed five of six patients with high-grade recurrence free survival at week 12. The patient who did not achieve HGRFS was dosed at 10KE, the lowest dose of TARA-002 offered in the trial.
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PLUS AMZN | Hot Stocks08:31 EST ePlus achieves the AWS Resilience Competency - ePlus (PLUS) announced that it has achieved the Amazon Web Services (AMZN) Resilience Competency in the Resilience Recovery category. This specialization recognizes ePlus as an AWS Partner using AWS Resilience Services to provide validated solutions to help customers improve their critical systems availability and resilience posture. As each customer and their critical workloads have unique availability requirements, AWS Resilience Competency Partners provide tailored guidance and solutions to achieve the highest system uptime needs.
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CMGR | Hot Stocks08:31 EST Clubhouse Media announces Brooklynne Bell joins HoneyDrip.com - Clubhouse Media Group announced that model and social media influencer, Brooklynne Bell, has joined HoneyDrip.com. Brooklynne has a large following, boasting 120K+ followers on Instagram alone. HoneyDrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content.
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SMID | Hot Stocks08:29 EST Smith-Midland begins production of precast utility manholes for Port of Virginia - Smith-Midland has begun production in their Virginia plant for $1.1M of precast concrete Utility Manholes for the North Norfolk International Terminal Optimization Project, in Norfolk, Virginia. The redevelopment project, consisting of over 74 acres of terminal property, will include multiple underground precast concrete utility boxes for electrical and communication uses. The utility manholes will also include cast iron frames and covers, all of which will be delivered to the site. Production and delivery of the boxes is set to last through 2024. Smith-Midland is designing and manufacturing multiple manholes utilizing ten different sizes with around 40 percent of the total order engineered to be rated for heavy-duty loads up to 100,000 lbs.
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IR | Hot Stocks08:25 EST Ingersoll-Rand sees Q4 organic orders positive sequentially, y/y - Organic revenue is expected to be positive in Q4 year over year, on both price and volume, and incremental margins are anticipated to be roughly 35%.
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BNGO | Hot Stocks08:17 EST Bionano Genomics announces study on OGM's role in diagnosing FSHD - Bionano Laboratories announced the publication by scientists at Revvity Omics, Leiden University Medical Centre, Bombay Hospital, and UT Dallas, of the largest peer-reviewed study to date on the use of optical genome mapping, OGM, to diagnose facioscapulohumeral muscular dystrophy, FSHD. Key findings: Compared to Southern blot, the OGM LDT was 100% accurate and precise; The OGM LDT identified 56% of cases positive for FSHD1; 252/547 cases were referred for concurrent testing for FSHD1 and FSHD2; Sequencing identified FSHD2 in 3.6% of cases; The OGM LDT detected mosaic alleles with at least one contracted 4qA allele in 3% of samples positive for FSHD1; The overall diagnostic yield of OGM and NGS combined was 58%. "Bionano Laboratories has developed a powerful menu of OGM-based LDTs, including one LDT for FSHD1 diagnosis. We are pleased to see this prestigious group of researchers' findings from the largest FSHD study to date utilizing OGM. Using the study's algorithm, researchers may be able to diagnose most cases of FSHD, underscoring OGM's potential to contribute to diagnosis of the disorder, which may lead to better disease management and outcomes," commented Justin Leighton, vice president of laboratory business at Bionano Laboratories.
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VERB | Hot Stocks08:16 EST Verb Technology's MARKET.live welcomes five more retail brands to platform - Verb Technology Company announces five new brands have joined the MARKET.live platform this week. The newly onboarded vendors represent a diverse array of product categories, offering a comprehensive and exciting selection for MARKET.live's growing user base: Newly Onboarded Brands: Spicewell; Op Games; Sunkissed; LesBelles; Slate and Salt.
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ENPH | Hot Stocks08:15 EST Enphase Energy launches IQ8P microinverters in Mexico - Enphase Energy has started shipping IQ8P Microinverters, with a peak output AC power of 480 W, in Mexico to support newer high-powered solar modules.
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SVFD | Hot Stocks08:14 EST Save Foods continues to yield results with its solution for Cuties clementines - Save Foods announces, as reported before, that its solution was recently chosen, once again, by Sun Pacific for use on Cuties clementines, marking the third consecutive season that Sun Pacific has chosen Save Foods' solution to treat its clementines. Save Foods' green treatments, which include a combination of Save Foods' technology and oxidizers, protect fresh fruit and vegetables from microbial spoilage and foodborne pathogens that are responsible for decay and can cause foodborne illnesses. The treatments leave no harmful residues on the produce nor in the environment and maintain product freshness over time.
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TFFP | Hot Stocks08:14 EST TFF Pharmaceuticals appoints Catherine Lee to board of directors - TFF Pharmaceuticals announced that Catherine Lee, J.D. has been appointed to its Board of Directors. Lee currently advises Neogene Therapeutics, Inc., a private cell therapy company that was acquired by AstraZeneca in January 2023, on a variety of legal matters.
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TFFP | Hot Stocks08:13 EST TFF Pharmaceuticals appoints Michael Patane to board of directors - TFF Pharmaceuticals announced the appointment of Michael Patane, Ph.D., to its Board of Directors. Most recently, Mike served as President of Mitobridge.
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WLDS | Hot Stocks08:12 EST Wearable Devices files U.S. patent for touchless pinch-to-zoom in AR - Wearable Devices announced that it has filed a patent application with the U.S. Patent and Trademark Office, USPTO, for continued parameter adjustment using hand and wrist gestures of augmented reality wearables such as AR and virtual reality headsets. Guy Wagner, Chief Scientist Officer and co-founder of Wearable Devices, commented, "We are introducing a significant leap forward for the wearable technology industry with the application for patent covering a gesture control solution that seamlessly integrates with AR and VR wearable devices. The adoption rate of new technologies such as AR and VR headsets is known to be limited by the capabilities of the user interface and experience with these devices. By allowing users to access a familiar and comfortable interaction with new technologies, we believe that we are significantly enhancing the adoptability of these devices."
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JSPR | Hot Stocks08:11 EST Jasper announces first patient dosed in Phase 1b/2a study of Briquilimab - Jasper Therapeutics announced that the first patient has been dosed in Jasper's phase 1b/2a clinical study of subcutaneous briquilimab for the treatment of CSU called BEACON. The BEACON study is evaluating repeat doses of subcutaneous briquilimab in adult CSU patients who remain symptomatic after treatment with, or who cannot tolerate, omalizumab. "Dosing of the first patient in our BEACON study is an exciting milestone for Jasper as we advance the clinical development of briquilimab in mast cell diseases," said Edwin Tucker, Chief Medical Officer of Jasper. "In addition to gathering safety data in CSU patients who are ineligible for, or refractory to, omalizumab, we expect the study to establish proof of concept for the depletion of mast cells by briquilimab in CSU. Results from the trial should also allow us to determine doses and dosing regimens for future registrational studies in the broader CSU patient population. We look forward to providing enrollment updates as we progress through the cohorts and anticipate reporting preliminary data in mid-2024." The BEACON study is expected to enroll approximately 40 patients across 6 cohorts. The primary endpoints are safety and tolerability of briquilimab with secondary endpoints focused on efficacy measures and pharmacokinetics. The study is being conducted at sites in the US and EU. Jasper anticipates reporting preliminary data from the BEACON study in mid-2024.
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CENN | Hot Stocks08:11 EST Cenntro Electric postpones reverse stock split - Cenntro Electric announced that the planned reverse split of its outstanding common stock that was to be effective on December 1 has been postponed. The effective date of the reverse stock split cannot be determined until Depository Trust and Clearing Corporation, or DTCC, eligibility is confirmed. The company expects to receive confirmation of DTCC eligibility in the coming days and will provide an update as to the effective date of the reverse stock split as soon as practicable. The purpose of the previously announced 1-for-10 reverse stock split of its outstanding common stock is to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550 by December 18 and the company has no reason to believe it will not meet that deadline.
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BIAF | Hot Stocks08:10 EST CMS posts payment info for BioAffinity's CyPath Lung, effective January 2024 - bioAffinity Technologies announced that the Centers for Medicare and Medicaid Services CMS has made a final determination for payment for CyPath Lung, a noninvasive test for early-stage lung cancer, for the 2024 calendar year. "CyPath Lung, our noninvasive test for the detection of early-stage lung cancer, is now on CMS' 2024 clinical laboratory fee schedule, a major milestone that facilitates reimbursement by both Medicare and private payers, which in turn should make our test even more attractive to both physicians and their patients at high risk for lung cancer," bioAffinity Technologies President and CEO Maria Zannes said. "The CMS payment determination is an important achievement in our strategic plan to ramp up the commercialization of CyPath( Lung." ...The discovery of small pulmonary nodules as part of annual lung cancer screening using low dose computed tomography LDCT can be problematic to diagnose. Patients may be asked to "wait and see" if the next scan reveals the nodule has grown or proceed immediately with invasive procedures, including biopsy, that may turn out to be unnecessary. "Actionable results from CyPath Lung may help doctors and their patients determine appropriate next steps for suspected cases of lung cancer," Ms. Zannes said.
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CBUS | Hot Stocks08:10 EST Cibus announces publication of its paper on Industrializing Gene Editing - Cibus announced that its paper on Industrializing Gene Editing in Brassica napus was published in the International Journal of Plant Biology. "The ability to scale breeding in a precise and repeatable process is the central breakthrough of our high-speed breeding process, which we refer to as the Trait Machine System. Our scale breakthroughs in breeding in Brassica napus in our San Diego trait production facility is driving the speed and number of edited seed transfers of our pod shatter reduction trait to our major seed company customers," stated Andrew Walker, Vice President of Trait Production at Cibus. "While we focus on our initial three-crop, five-trait model, our continued breakthroughs developing additional single cell regeneration systems in multiple crops is expanding our ability to bring new scaled breeding processes and new trait opportunities to more crops in the future, especially the major oil and cereal crops."
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NGD | Hot Stocks08:08 EST New Gold names Keith Murphy as CFO, succeeding Rob Chausse - New Gold is pleased to announce the promotion of Keith Murphy to Executive Vice President and CFO, effective January 2, 2024. Murphy will be succeeding Rob Chausse, who will be retiring at the end of 2023, as previously announced this year. Keith Murphy is a Chartered Accountant and an executive with over 15 years of experience in finance, primarily within the mining industry. Murphy joined the company in 2013 and was promoted to Vice President, Finance in April 2023. Since joining the company, he has held key responsibilities in the areas of financial reporting, taxation and finance.
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RHHBY | Hot Stocks08:08 EST Roche, Shape expand collaboration with additiona of new target - ShapeTX announced the expansion of its partnership with Roche, with Roche adding a new target to their ongoing collaboration, which was initially established in August 2021. This expansion marks the beginning of a new program where ShapeTX will use its proprietary AI-powered RNA editing platform to develop a potential one-time therapy for patients with high unmet needs for an undisclosed disease affecting millions of people worldwide. During the course of the partnership, ShapeTX will conduct preclinical research to identify and deliver development candidates discovered by its AI-powered RNAfix platform. Roche will be responsible for the final preclinical development as well as clinical development and worldwide commercialization of any potential products resulting from the collaboration. Under the terms of the agreement, ShapeTX will receive a milestone payment and is eligible to receive development, regulatory and sales milestone payments. ShapeTX is also eligible to receive tiered royalties on future sales of products resulting from the collaboration.
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EWTX | Hot Stocks08:07 EST FDA grants Edgewise ODD, RPDD for EDG-5506 to treat Duchenne, Becker MD - Edgewise Therapeutics announced that the U.S. Food & Drug Administration FDA has granted EDG-5506 Orphan Drug Designation ODD for the treatment of Duchenne muscular dystrophy or Duchenne, and Becker muscular dystrophy and Rare Pediatric Disease Designation or RPDD, for the treatment of Duchenne. EDG-5506 is an investigational orally administered small molecule designed to prevent contraction-induced muscle damage in dystrophinopathies, including Duchenne and Becker. EDG-5506 is currently advancing in multiple Phase 2 trials for individuals with Duchenne, Becker and other dystrophinopathies. The FDA previously granted Fast Track designation for the investigation and development of EDG-5506 for the treatment of Becker. "Receiving orphan drug and rare pediatric disease designations are important milestones in advancing our novel small molecule therapeutic approach to treating individuals with Duchenne and Becker," said Kevin Koch, Ph.D., President and Chief Executive Officer of Edgewise. "These regulatory designations highlight the urgent and critical need for new and better therapeutic options for people living with these rare, serious or life-threatening disorders."
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UAL | Hot Stocks08:07 EST United Airlines expands in Houston with $2.6B Terminal project - United announced growth plans in Houston that include a $2.6B renovation and expansion of Terminal B at George Bush Intercontinental Airport, a new United ClubSM location and Early Bag Storage facility as well as a new direct flight to Georgetown, Guyana. Terminal B investments include expansion of 40 gates for larger aircraft, allowing for 40% more people to fly from George Bush Intercontinental Airport. New United Club will be the largest in the nation and Early Bag Storage facility is only one of its kind in North America. Airline expects to create 1,500 United positions in Houston next year and another 4,000 construction-related jobs throughout the project.
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LTRN | Hot Stocks08:06 EST Lantern Pharma receives Orphan Drug Designation from FDA for LP-284 - Lantern Pharma announced that the FDA has granted LP-284 Orphan Drug Designation, or ODD, for the treatment of high-grade B-cell lymphoma with MYC and BCL2 rearrangements.
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ADV | Hot Stocks08:05 EST Advantage Solutions hires McRoskey as Chief Growth Officer - Advantage Solutions announced the appointment of Brian McRoskey as Chief Growth Officer, effective January 1, 2024. McRoskey will report directly to Dave Peacock, CEO of Advantage Solutions. McRoskey joins Advantage Solutions after spending 17 years at Bain & Company, where he collaborated with senior executives in the consumer packaged goods industry to solve their toughest strategic challenges.
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KR | Hot Stocks08:05 EST Kroger 'expects to continue to generate strong free cash flow' - Kroger expects to continue to generate strong free cash flow and remains committed to investing in the business to drive long-term sustainable net earnings growth, as well as maintaining its current investment grade debt rating. The Company expects to continue to pay its quarterly dividend and expects this to increase over time, subject to board approval. Kroger has paused its share repurchase program to prioritize de-leveraging following the proposed merger with Albertsons. Kroger's net total debt to adjusted EBITDA ratio is 1.40, compared to 1.61 a year ago. The company's net total debt to adjusted EBITDA ratio target range is 2.30 to 2.50.
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TDY | Hot Stocks08:05 EST Teledyne's contact image sensors are now in production - Teledyne DALSA announces that its AxCIS family of high-speed and high-resolution fully integrated line scan imaging modules are in production. These easy-to-use Contact Image Sensors, CIS, combine sensors, lenses, and lights all-in-one, offering a lower cost inspection system for many demanding machine vision applications. Powered by Teledyne's multiline CMOS image sensors, AxCIS delivers superior image quality, up to 120 kHz line rates for mono, or 60 kHz x 2 for HDR imaging, at a pixel size of 28 microm or 900 dpi resolution, so that defects can be detected with unprecedented precision.
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BNRG | Hot Stocks08:04 EST Brenmiller Energy announces 1-for-10 reverse share split - Brenmiller Energy announced a reverse share split of its issued and outstanding ordinary shares at a ratio of 1-for-10 is expected to be implemented after market close on December 1, 2023. The company's ordinary shares will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on December 4, 2023 under the company's existing trading symbol.
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KR | Hot Stocks08:04 EST Kroger reports Q3 gross margin 22% of sales - Gross margin was 22.0% of sales for the third quarter. The FIFO gross margin rate, excluding fuel, increased 3 basis points compared to the same period last year. The increase in the FIFO gross margin rate, excluding fuel, was primarily attributable to Our Brands performance, sourcing benefits and the effect of our terminated agreement with Express Scripts, partially offset by higher shrink and advertising costs, and increased price investments.
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AUID | Hot Stocks08:03 EST authID selected by PickleJar to deliver identity life-cycle platform - authID and PickleJar Entertainment announced that the company will deploy authID's identity life-cycle platform, combining PickleJar's industry leading artists payments, social commerce, performance ticketing and crowdfunding services with authID's world class enterprise delivery and next-gen fraud mitigation technology services. The PickleJar-authID partnership brings together deep skills in payments and security strategy, product ideation, technology development and deployment, and data analytics to make it frictionless to make, manage, and move money between artists, venues, and fans. "Biometrics continue to play an increasingly critical role in every aspect of account activation, transaction security, and synthetic identity detection, and this technology will ensure PickleJar remains on its competitive vanguard. Through PickleJar's trusted touchpoints between fans, venues, and emerging artists, we are adding security and identity assurance to how money is earned and moved in the entertainment industry," said PickleJar CEO Jeff James. "This partnership accelerates PickleJar's ability to add additional measures to stop fraud and eliminate account takeovers. authID's cutting-edge biometric platform provides the ultimate in security and accuracy, and most importantly delivers the frictionless identity experiences that help us build trust and strengthen engagement across our creative community and their followers."
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ASO | Hot Stocks08:03 EST Academy Sports board approves $600M share repurchase program - Subsequent to the end of the third quarter, on November 29, 2023, Academy's Board of Directors declared a quarterly cash dividend of $0.09 per share of common stock. The dividend is payable on January 10, 2024, to stockholders of record as of the close of business on December 13, 2023. The Board also approved a new, three-year, $600 million share repurchase program, bringing the total amount currently available under both share repurchase programs to approximately $700 million.
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SISXF | Hot Stocks07:46 EST Savaria appoints Sebastien Bourassa as president, CEO - Savaria announces the appointment of Sebastien Bourassa to the position of President and CEO, while Marcel Bourassa will become Executive Chairman of the Board. Both changes are effective January 1st, 2024. Sebastien Bourassa is currently COO of Savaria and prior to that he held the position of Vice President, Operations and Integration. Marcel Bourassa is currently President, CEO and Chairman of Savaria.
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REE | Hot Stocks07:41 EST Ree Automotive plans to scale up production by end of 2024 - The company said, "We remain disciplined and focused on reducing our operating costs as we continue to progress with our production plan. Our third quarter U.S. generally accepted accounting principlesnet loss was $24.1 million, compared to $26.2 million in Q2 2023 and $33.5 million in Q3 2022, a decrease of 28% year-over-year in GAAP net loss, and a decrease of 8% compared to the previous quarter. The year-over-year decrease was mainly driven by grants received from the UK government in Q3 2023, a decrease in share-based compensation expenses and operational efficiencies we implemented which decreased payroll and related expenses and other operational expenses. These decreases were partially offset by an increase in cost of sales attributed to material purchases for pilot vehicle builds and an increase in engineering development costs. Our Non-GAAP net loss in the quarter was $20.1 million, compared to $22.0 million in Q2 2023 and $27.3 million in Q3 2022, a decrease of 26% year-over-year and a decrease of 9% compared to the previous quarter. During the third quarter we sold approximately 2.28 million shares as part of our At-the-Market program for gross proceeds of approximately $0.7 million and we secured a bank credit facility of $15 million. We ended Q3 2023 with liquidity of $101 million comprised of $86 million cash, cash equivalents and short-term investments, and a $15 million credit facility. On November 27, 2023, we entered into a securities purchase agreements with certain investors led by our largest institutional shareholder, London-based M&G Investment Ltd. The agreement includes convertible promissory notes of $8 million in the aggregate, and warrants to purchase up to an aggregate of 1,571,710 of our Class A ordinary shares. The closing of the notes is expected to occur on or before December 11, 2023. The notes will have a term of five years, accrue interest at a rate of ten percent per annum and are convertible into our Class A Ordinary Shares, at a conversion price of $5.09 per share. We may not repay any portion of the outstanding principal amount of the notes prior to the maturity date. The conversion price of the notes is subject to customary adjustments, as well as contain certain anti-dilution protection in the event of certain issuances at a price less than the conversion price then in effect. The warrants will be immediately exercisable at an exercise price of $4.42 per ordinary share and will have a term of five years from the date of issuance. Our business plan includes scaling up the production of the low hundreds of vehicles in the US by the end of 2024, upon completion of our tooling investment plan. As a result, we plan to produce a minimum number of demo vehicles from our UK facility that will allow us to collect customer feedback, before we begin mass production in the U.S. Our ability to successfully carry out the 2024 plan is primarily dependent upon completion of the tooling investment, securing availability of materials on time and securing additional funding of approximately $20 million as currently estimated, mainly for working capital purposes."
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SBOW | Hot Stocks07:38 EST SilverBow Resources shareholder Riposte Capital issues letter to shareholders - SilverBow Resources shareholder Riposte Capital, one of the largest shareholders of SilverBow Resources, owning approximately 6.7% of the company's outstanding common stock, sent a letter to SilverBow's Board of Directors. Highlights of the letter include: "...we recognize the material unrealized value in SilverBow's assets across an important basin, and can no longer just hope that you will do better...You have proven yourselves incapable of being credible stewards of capital or corporate governance. It is clear to us, and likely many others in the investment community, that you have no interest in enabling shareholders to exercise their right to participate in the strategic decision-making process. You also appear to have no intention of engaging in good faith discussions with potential suitors....You have continued to pursue a value destructive strategy, which has: Further entrenched the Board; Significantly depressed SilverBow's share price; Widened the company's already material peer group discount; Added significant debt to an already fragile balance sheet; and Made the Company less attractive to potential acquirers...SilverBow traded at a 40% discount to peers with a mere EV/EBITDA multiple of 1.9X. Five months later, as a result of your misguided strategic initiatives, you have increased SilverBow's valuation discount to approximately 50% vs. the peer group...We specifically advised you to avoid dilutive acquisitions given your lack of scale, financial profile and modestly valued equity. However, a mere two months after our public letter you went ahead and made a $700M "transformational" acquisition of Chesapeake's South Texas position. Sean...because of your poor financial profile, you were compelled to issue fresh equity, 12% discounted to an already undervalued share price - an irresponsible tactic that was highly prejudicial to the interests of your shareholders, precisely what we foresaw and advised against in prior communications...The existence of this poison pill has been widely criticized by both investors and Institutional Shareholder Services, a leading proxy and corporate governance advisory firm....we have concluded that in order for the best interests of the Company to be served, the composition of your Board must be materially altered at the 2024 annual meeting of shareholders. Three new and independent candidates must be nominated and elected by shareholders - the true owners of SilverBow..."
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MGM | Hot Stocks07:36 EST MGM Resorts unveils vision for MGM Empire City - MGM Resorts unveiled its vision to transition Empire City Casino by MGM Resorts into a world-class entertainment destination, MGM Empire City, if awarded a commercial casino license for its historic Yonkers, New York site. Key elements of the phase one design include a comprehensive casino floor redevelopment and expansion, 5,000-capacity entertainment venue, state-of-the-art BetMGM sportsbook, food and beverage outlets by celebrated chefs, cocktail bars and lounges, technologically advanced meeting spaces and more.
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CYBN | Hot Stocks07:36 EST Cybin to discuss efficacy data for CYB003 for major depressive disorder - Cybin announced that it will discuss its topline Phase 2 safety and efficacy data for CYB003, its deuterated psilocybin analog being developed for the treatment of major depressive disorder, as part of an R&D investor briefing featuring a key opinion leader panel titled "Understanding the Current Treatment Landscape in Depression and Therapeutic Potential of Psychedelics in Mental Health" on Thursday, November 30, in New York City, at 10:00 a.m. ET...Topics include topline Phase 2 safety and efficacy data for CYB003, Cybin's deuterated psilocybin analog being developed for the treatment of major depressive disorder, and a panel discussion with key opinion leaders on data and study designs, the current treatment landscape in depression, and the future role of psychedelics.
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SVM | Hot Stocks07:34 EST Silvercorp Metals 'considering' Perseus announcements - Silvercorp Metals notes the announcements made by Perseus Mining in relation to its acquisition of a 19.9% interest in OreCorp. Silvercorp is considering these announcements to determine an appropriate course of action in the best interests of Silvercorp shareholders.
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SNGX | Hot Stocks07:33 EST Soligenix's dusquetide granted FDA IND clearance for Phase 2 trial in Behcet's - Soligenix announced that the FDA has cleared the Investigational New Drug - IND - application for a Phase 2a clinical trial designed to evaluate the safety and efficacy of SGX945 - dusquetide - in the treatment of aphthous ulcers in Behcet's Disease and expected to begin patient enrollment in the second half of 2024. Efficacy endpoints will include the extent of lesion clearance, timeline to lesion clearance, and patient reported quality of life indices.
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ABBV IMGN | Hot Stocks07:33 EST AbbVie to acquire ImmunoGen for $31.26 per share in cash, or EV $10.1B - AbbVie (ABBV) and ImmunoGen (IMGN) announced a definitive agreement under which AbbVie will acquire ImmunoGen, and its flagship cancer therapy ELAHERE, a first-in-class antibody-drug conjugate approved for platinum-resistant ovarian cancer. The acquisition accelerates AbbVie's commercial and clinical presence in the solid tumor space. Additionally, ImmunoGen's follow-on pipeline of promising next-generation ADCs further complements AbbVie's ADC platform and existing programs. Under the terms of the transaction, AbbVie will acquire all outstanding shares of ImmunoGen for $31.26 per share in cash. The transaction values ImmunoGen at a total equity value of approximately $10.1B. The boards of directors of both companies have approved the transaction. This transaction is expected to close in the middle of 2024, subject to ImmunoGen shareholder approval, regulatory approvals, and other customary closing conditions. The proposed transaction is expected to be accretive to diluted earnings per share beginning in 2027.
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LXRX | Hot Stocks07:31 EST Lexicon enrolls first patient in Phase 2b Progress study of LX9211 - Lexicon Pharmaceuticals announced that it has enrolled the first patient in PROGRESS studying LX9211, a potent, orally-delivered, selective, investigational small molecule inhibitor of adaptor-associated kinase 1. PROGRESS will enroll adult patients with a diagnosis of type 1 diabetes mellitus or type 2 diabetes mellitus with moderate to severe DPNP. The primary endpoint of PROGRESS is a reduction of Average Daily Pain Score, consistent with the primary endpoint achieved in the successful RELIEF-DPN-1 Phase 2a proof-of-concept study and, informed by regulatory feedback, the primary endpoint planned for Phase 3 studies of LX9211 in DPNP. The placebo-controlled treatment period of PROGRESS is intended to identify the optimal dosing for Phase 3 studies. The open-label extension is expected to run in parallel with planned next-stage Phase 3 studies, supporting long-term safety requirements for regulatory approval. Topline data from PROGRESS is expected to be announced in Q2 2025.
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ABBV IMGN | Hot Stocks07:30 EST AbbVie to acquire ImmunoGen for $31.26 per share in cash
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NETI | Hot Stocks07:30 EST Eneti announces sale of two NG2500X vessels - Eneti announced that the Company executed a previously announced senior secured green term loan facility of up to $436M with a group of international banks and export credit agencies co-arranged and co-underwritten by Credit Agricole Corporate and Investment Bank and Societe Generale, and with Societe Generale as Green Loan Coordinator. The Credit Facility finances approximately 65% of the purchase cost of the Company's two newbuild wind turbine installation vessels and it includes a commercial tranche of up to $130.8 million, a direct tranche from the Export-Import Bank of Korea of up to $115.0 million, a guaranteed tranche from Eksportfinansiering Norge of up to $45.0 million and a covered tranche from Korea Trade Insurance Corporation of up to $145.2 million. The lenders to the commercial tranche, Eksfin guaranteed tranche and K-SURE covered tranche are Credit Agricole Corporate and Investment Bank, Credit Industriel et Commercial, New York Branch, KfW IPEX-Bank GmbH, Societe Generale and The Korea Development Bank. The maturity date of the Credit Facility in relation to each vessel is 12 years from the delivery date of each vessel. The Credit Facility bears interest at a blended margin of SOFR plus 2.36% per annum. The remaining terms and conditions, including financial covenants, are similar to those of the Company's existing credit facility. In November 2023, the Company delivered both the Seajacks Hydra and Seajacks Leviathan to their new owner. These deliveries, along with the delivery of the Seajacks Kraken in October 2023, complete the sale of all of the Company's NG2500X vessels.
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RSGUF | Hot Stocks07:23 EST Rogers Sugar expects to deliver 'strong, stable financal performance' in 2024 - The company said, "Following a solid performance in 2023, we expect to continue to deliver a strong, stable financial performance in 2024. The continued strength in demand and pricing is expected to support stable organic growth for our Sugar business segment going forward. We expect our Maple segment to modestly recover during 2024 as the unfavorable inflationary pressures encountered over the last two years begin to recede. Sugar: We expect the Sugar segment to perform well in fiscal 2024. Underlying North American demand remains strong across all customer segments supported by favourable market dynamics. Improvements in pricing implemented over the last two years will continue to positively support our financial results, allowing us to mitigate the current impact of inflationary pressures on costs. However, the current labour disruption at our Vancouver refinery is expected to negatively impact our 2024 financial results, the extent of which is not yet known. The magnitude of the impact will depend mainly on the length of the strike and the potential internal incremental costs associated with servicing our Western customers impacted by the labour disruption. Since the beginning of the strike, on September 28, 2023, the Vancouver sugar refinery, which represents approximately 17% of our production of refined sugar, has been operating at approximately a third of its capacity, and we have been using some of the production of our Taber facility to support our customers in Western Canada. As at the time of preparation of this MD&A, we remain committed in reaching an agreement that is acceptable to both parties. The initial volume expectation for fiscal year 2024 was set at 800,000 metric tonnes, representing an increase of 4,700 metric tonnes as compared to fiscal year 2023. Considering the current labour situation at our Vancouver refinery, we expect our volumes will be lower in 2024 compared to 2023. The reduction in volume sold to customers will depend on the length of the labour disruption. We will continue to prioritize domestic sales and focus on meeting our commitments to our customers. We will provide updates on the expected impact of the labour disruption on sales volumes as the situation evolves. The harvest period for our sugar beet facility in Taber was completed in early November and we have received the expected quantity of beets from the growers. We are currently in the processing stage of the 2023 sugar beet campaign, with expected completion by the end of February. Based on our early assessment, we anticipate the 2023 crop to deliver between 105,000 metric tonnes and 110,000 metric tonnes of beet sugar, consistent with our expectations. The volume expectations align with the acreage contracted with the ASBG and the volume of sugar beets received. Production costs and maintenance programs for our three production facilities are expected to continue to be moderately impacted by the current inflationary market-based pressures. We continue to focus on cost control initiatives throughout our operations. Distribution costs are expected to be stable in 2024. These expenditures reflect the transfer of sugar produced between our facilities to serve our customers, including some of the costs associated with meeting the growing market demand with imported refined white sugar from Central America. Administration and selling expenses are expected to increase in 2024 as compared to 2023, due mainly to market-based increases for compensation expenditures and external services supporting our business. We anticipate our financing costs to increase in fiscal 2024 due to higher working capital needs, mainly associated with the purchase of raw sugar. We have been able to mitigate the impact of recent increases in interest rates and energy costs through our multi-year hedging strategy. We expect our hedging strategy will continue to mitigate such exposure in fiscal 2024. Spending on regular business capital projects is also expected to remain stable for fiscal 2024. We anticipate spending approximately $25 million on various initiatives. This capital spending estimate excludes expenditures relating to our recently announced production and logistic capacity expansion project in Eastern Canada, which are currently estimated to be at $70 million for fiscal 2024. Maple Products: The Maple segment financial results were lower than anticipated for 2023. This was due mainly to lower volume and lingering inflationary pressures on costs. Although we expect these financial and operating pressures to remain in the first part of fiscal 2024, we expect the Maple business segment to continue to benefit from automation initiatives at its Granby and Degelis plants. Such initiatives, combined with recently negotiated price increases, are supporting the anticipated modest recovery of our Maple business segment in 2024. The expected sales volume for 2024 is stable when compared to 2023 at approximately 43.5 million lbs. The sales volume expectation reflects the sector-wide challenging market dynamics, impacting the global demand for maple syrup. Capital investments have decreased significantly in recent years. The Maple segment is expected to spend between $1 million and $1.5 million annually on capital projects. The main driver for the selected projects is to improve productivity and profitability through automation."
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GAME | Hot Stocks07:20 EST GameSquare announces multiple performance marketing contracts - GameSquare Holdings announces multiple new performance marketing contracts, including one of the largest contracts in GameSquare's history. With this monthly agreement, GameSquare now expects performance marketing sales to contribute over $10 million in annual revenue in 2024, an increase of at least 5x from expected performance marketing sales in 2023. In addition, as the Company's performance marketing expertise grows, GameSquare has increased its gross margin expectation for performance marketing initiatives and now expects performance marketing gross margin of 30% - 35%.
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FPI | Hot Stocks07:19 EST Farmland Partners completes land conservation project in Virginia - Farmland Partners announced that they recently completed the final stage of a three-part conservation transaction along a vital migratory bird pathway in Virginia. FPI agreed in 2021 to sell DU approximately 1,268 acres of farmland adjacent to the Great Dismal Swamp National Wildlife Refuge - land that DU has prioritized for restoration and habitat protection. The unique multi-year, staged transaction provided DU maximum flexibility to secure capital for the project. The final sale consisted of more than 400 acres. "We were pleased to be able to work with our partners at Farmland Partners and look at their portfolio to see where the farmland they owned happened to be in critical conservation areas," explained DU CEO Adam Putnam. "The parcel that bubbled to the top of that priority list was the Great Dismal Swamp." "We purchased the farm in 2015 and were thrilled to have an opportunity to work with DU to protect the land for years to come," said Luca Fabbri, FPI's President and CEO. "This was a special transaction for our Company because it benefitted the environment and was profitable for our shareholders at the same time."
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SSRM | Hot Stocks07:17 EST Highlander Silver enters share purchase agreement with SSR Mining - Highlander Silver entered into a share purchase agreement dated November 29, 2023 with SSR Mining to acquire the San Luis gold-silver project located in Ancash Department of central Peru. Highlights: Transformational acquisition for Highlander Silver of the San Luis Project; Historical Measured & Indicated mineral resources of 348,000 ounces of gold grading 22.4 g/t Au, and 9,003,300 oz silver grading 578.1 g/t Ag; Multiple targets for growth on the property given limited and focused historical drilling, open extensions to resources, and undrilled targets supported by highly anomalous trenching and rock samples; Extensive ground holding totalling 23,098 Ha has yet to be systematically explored with many structures that have not yet been sampled providing further exploration potential; Highlander Silver to implement a comprehensive program of geological mapping and sampling to develop a technical assessment of the discovery potential before more focused exploration on the highest priority targets; Ancash Department is well-known for mining in Peru with major past and present production from the Pierina gold mine and Antamina copper-zinc mine, respectively; Financing for this transformative acquisition is backstopped by the Augusta Group and members of the Lundin family. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource. David Fincham, President and CEO commented: "We are delighted to be bringing the high-grade San Luis gold-silver project into our portfolio, and are very impressed by the size and grade of the historical resource contained within the Ayelen and Ines vein structures. We believe this deposit may be one of the highest-grade gold-silver deposits of its size that is yet to be mined in the world. Additionally, there may be exceptional growth and discovery potential on this large, but only partially prospected and explored property. There are numerous compelling exploration targets based on previous field mapping and rock chip sampling, and we believe that the district has potential to yield much more. This acquisition has the potential to be transformative for Highlander Silver and aligned with our vision of building a portfolio focused on world-class silver gold projects to the benefit of all our stakeholders."
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VERI | Hot Stocks07:16 EST Veritone in licensing deal with Orchard Clips to boost international content - Veritone announced a content licensing agreement with Orchard Clips," a division of UK-based OR Media Group and a preeminent source of Middle Eastern content," added the company's release. "Orchard Clips will leverage Veritone's extensive network of buyers to enhance content licensing opportunities in the Americas and generate additional revenue...Orchard Clips operates as a clip-licensing business catering to both English- and Arabic-speaking broadcasters and filmmakers. As the go-to source for premium Middle Eastern content, Orchard Clips boasts a captivating collection that spans the region's history, offering a comprehensive perspective on both its past, present and future..."
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SSRM | Hot Stocks07:15 EST SSR Mining to sell San Luis Project to Highlander Silver Corp. for $42.5M - SSR Mining announced that it has entered into a definitive agreement to sell its San Luis Project to Highlander Silver Corp. in exchange for total consideration of up to $42.5M. Total consideration consists of $5M in upfront cash and up to $37.5M in contingent payments payable in cash. Pursuant to the terms of the agreement, SSR Mining will retain a 4% net smelter returns royalty on the project, which will be granted prior to the closing of the transaction. The upfront cash component of the consideration will be paid upon closing of the transaction and the contingent payments are expected to be received in five installments beginning with the commencement of an initial drilling program at the project and ending on the second anniversary of commercial production from the project. Under the terms of the agreement, at any time until commencement of construction, half of the NSR royalty can be repurchased by Highlander Silver for $15M in cash. Closing of the transaction is expected to occur in the first quarter of 2024, and is subject to the receipt of any required regulatory approvals and certain customary closing conditions for transactions of this nature. The transaction is expected to be accretive to SSR Mining on a NAV per share basis, based on street consensus estimates. With this transaction, SSR Mining continues to deliver on its goal of portfolio rationalization, realizing more than $300M in aggregate consideration for non-core assets since the start of 2021. San Luis is a greenfield gold and silver development project located in the Ancash Department of Central Peru.
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LASE | Hot Stocks07:15 EST Laser Photonics provides strategic, operational updates - Laser Photonics provided a strategic and operational update for shareholders, including business developments, achievements, and strategic direction for 2024 and beyond. In October, LPC acquired an exclusive license for its cold-cutting and high-power laser technologies from ICT Investments, an established closed-end, non-diversified private investment company focused mainly on the alternative energy sector. This license will enhance the capabilities of LPC's TiTAN series of laser-cutting technology and form the foundation of LPC's new SaberTech product line. Products: MARLIN: LPC's entry-level proprietary laser technology focused on the maritime industry, MARLIN, is now equipped with specialized laser patterns, water-tight seals and an updated form factor to cater to customer needs at a lower price point. The company plans to further expand this product line going forward to meet the evolving needs of professionals in the shipbuilding and boat manufacturing sectors; DefenseTech: LPC has adapted its CleanTech and MarkStar technology for the defense and military industry, taking advantage of the significant market potential for laser cleaning and marking technology; SaberTech: Through the incorporation of newly licensed cold-cutting and high-power laser technology acquired from ICT Investments, LPC will morph its TiTAN series of laser-cutting systems into this new product line. R&D: Development of Class I Systems: LPC is intensifying its efforts in the development of Class I systems, maintaining its competitive edge and meeting the increasing demand driven by heightened regulations and restrictions; Enhanced AI and IoT Capabilities: To maintain its market leadership and improve the customer experience, LPC has added components to its existing laser products that boost AI and IoT capabilities to remain at the forefront of technology. The company also plans to provide on-site customer support and training with AI and IoT integration, further differentiating its competitive advantage. Marketing: Strategic Partnerships: LPC is in talks to expand its distribution network and facilitate greater access to its cutting-edge technology by forging strategic partnerships with large distributors, targeting strategic partners that are in favor of onshoring component and equipment manufacturing to the United States; Commitment to Environmental Stewardship: The company is committed to delivering eco-friendly and environmentally sustainable solutions to companies worldwide, helping industries minimize their negative environmental impact; Expansion of Customer Experience Center: LPC expanded into a new location in Maitland, Florida, to serve as its customer experience center. This move will enhance the presentation and demonstration of LPC technology to customers while freeing up space at its R&D center to ramp up production capabilities.
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LFSWF | Hot Stocks07:13 EST Lifeist Wellness' Mikra has begun sales of Serenity - Lifeist Wellness reports that its U.S. biosciences subsidiary Mikra Cellular Sciences has begun sales of Serenity, a natural supplement for addressing symptoms of anxiety. "The first orders of Serenity on our online store at www.wearemikra.com/products/serenity have shipped to our customers, and we look forward to unveiling new marketing campaigns for Serenity, as well as CELLF and Rescue in the weeks to come," said Meni Morim, CEO of Lifeist. "We are committed to bringing compelling natural products, backed by the scientific gold standard of randomized controlled trials, to market. Serenity is just such a product, and initial feedback has been overwhelmingly positive."
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AGNPF | Hot Stocks07:12 EST Algernon receives notice of intention to grant from Chinese Patent Office - Algernon Pharmaceuticals has received a notice of intention to grant from the Chinese Patent Office for patent application No. 112654357 entitled "Compositions and Methods for Treating Non-Alcoholic Steatohepatitis" with NP-251. The invention claims treating lobular inflammation and nonalcoholic fatty liver disease, including nonalcoholic steatohepatitis and NASH-derived hepatocellular carcinoma, with Repirinast. The base claims of the patent will be valid through 2038, excluding any patent term adjustments or extensions which may provide additional protection. The Company was recently issued patents for Repirinast in NASH from the U.S. and Japan, and has also filed corresponding patent applications in Canada and Europe.
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PWP GS | Hot Stocks07:12 EST Perella Weinberg Partners announces Weinberg joined firm as Partner - Perella Weinberg Partners (PWP) announced that Jillian Colbert Alsheimer has joined the Firm as a Partner in the Advisory Business. Based in New York, Alsheimer will help build the Firm's shareholder activism, anti-raid, and corporate governance services across industries and regions. Alsheimer joins Perella Weinberg from Goldman Sachs (GS) where she was a Managing Director in Mergers and Acquisitions focused on shareholder activism and advisory, proxy fights, as well as anti-raid and takeover defense.
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ASH | Hot Stocks07:11 EST Ashland announces validation of science-based GHG emissions reduction targets - The Science Based Targets initiative has validated the science-based greenhouse gas, GHG, emissions reductions targets submitted by Ashland as conforming with the SBTi Criteria and Recommendations. The company has joined more than 6,500 businesses who have committed to the SBTi to reduce emissions in line with climate science. Ashland has set near-term science-based targets across scopes one, two, and three in line with 1.5 degrees C emissions scenarios to ensure the strongest ambition in the short-to -medium term committing to reduce absolute scope 1 and 2 GHG emissions 50.4 percent by FY2032 from a FY2022 baseline year and to reduce absolute scope 3 GHG emissions 50.4 percent within the same timeframe. "Ashland is proud to announce our ambitious science-based targets that reflect our purpose to responsibly solve for a better world," said Guillermo Novo, chair and chief executive officer, Ashland. "As a global leader in additives and specialty ingredients, we understand the importance of environmental, social and governance commitments. Reducing our GHG emissions helps mitigate climate change and our actions contribute to our customers sustainability goals."
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MGIH | Hot Stocks07:11 EST Millennium Group attends Beautyworld Middle East - Millennium Group announced that its management team attended the 27th edition of Beautyworld Middle East, held earlier this month at Dubai World Trade Centre, highlighting the immense potential opportunities for the Company to expand its core packaging and design business into this rapidly growing region. Matthew Lai, Chairman of Millennium, Ray Lai, Chief Executive Officer, and other Millennium management team members attended the trade show and networked with buyers actively seeking sustainable packaging materials and innovative packaging solutions for their perfumery and cosmetics brands. Through the interactions with key potential customers, the Company established fruitful partnerships and gained valuable insights into market trends, pricing, and segmentation.
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SOPH | Hot Stocks07:10 EST Sophia Genetics expands work with CHU de Nimes - Sophia Genetics announced that it has expanded its work with CHU de Nimes, a regional and university hospital located in the South of France. The hospital system will use the SOPHiA DDM Platform to progress its pharmacogenomics research.
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CANF | Hot Stocks07:09 EST Can-Fite BioPharma: Enrollment ongoing in study of Namodenoson in liver cancer - "A patient who had participated in Can-Fite's prior Phase II liver cancer study who continues to receive treatment with Namodenoson under a compassionate use program now has overall survival of 6.9 years with the disappearance of ascites, normal liver function, and good quality of life, defined as a complete response. Enrollment is ongoing in Can-Fite's pivotal Phase III study of Namodenoson in the treatment of advanced liver cancer. During the third quarter, the American Society of Clinical Oncology ASCO selected Can-Fite for the prestigious Breakthrough Abstract Award from Conquer Cancer for its abstract titled "A novel approach for the treatment of advanced hepatocellular carcinoma HCC ".
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TRVN | Hot Stocks07:09 EST Trevena announces acceptance of abstract examining use of OLINVYK - Trevena announced the acceptance of an abstract based on the pRospective, case-controlled Evaluation of oLIceridine for moderate or sEVEre pain in patients with acute burn injuries, RELIEVE, study at the 2024 ABA annual meeting, being held April 9th-12th in Chicago. The study was conducted as an investigator-initiated trial and was led by David Hill, PharmD. from the Firefighters Burn Center in Memphis, TN. Dr. Hill was independently responsible for the development and submission of the abstract. The single-center, prospective, case-controlled study was dual IRB approved and included 10 patients with burn injuries admitted between April and September 2023 and treated with OLINVYK. Dosing and assessments were followed per study protocol and safety and efficacy assessed by study team daily at a minimum. Patients dosed with OLINVYK were compared to a matched historical control group which included treatment across a range of other IV opioids. "The results of the RELIEVE study will be reported during the ABA meeting and we are pleased to see additional clinical data in this patient type where new therapeutic options are needed," stated Mark A. Demitrack, M.D., Senior Vice President and Chief Medical Officer of Trevena. "We look forward to the presentation of these data in the spring."
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NFYEF | Hot Stocks07:08 EST Alexander Dennis confirms Stagecoach as launch customer for Enviro100EV - NFI Group subsidiary Alexander Dennis confirmed Stagecoach as the launch customer for its recently-launched Enviro100EV small zero-emission bus. The purchase has been supported by the Scottish Zero-Emission Bus Challenge Fund. The Enviro100EV was unveiled earlier this month as part of Alexander Dennis' next generation of battery-electric buses. Highly manoeuvrable at just 8.5 m long and 2.35 m wide, the Enviro100EV seats up to 25 passengers in the same comfort and style as larger buses with a bright and spacious interior and generous 2+2 seating.Powered by the Voith Electrical Drive System, the energy stored in its 354kWh batteries gives it a class-leading range of up to 285 miles, making it a versatile performer even on longer routes. The battery system was developed for Alexander Dennis by its partner Impact Clean Power Technology. Particular attention has been paid to making it future-proof by allowing easy battery replacement with newer batteries in later life without a need for vehicle modifications.
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TLSA | Hot Stocks07:08 EST Tiziana Life Sciences announces foralumab dosing of four patients in EA program - Tiziana Life Sciences announced that the company has successfully enrolled and dosed four new patients with non-active secondary progressive multiple sclerosis in the Brigham and Women's Hospital, a founding member of Mass General Brigham Healthcare System Expanded Access, EA, Program. A total of ten patients are now being followed in the EA Program. The Intermediate Size EA Program for na-SPMS represents a critical step forward in Tiziana Life Sciences' mission to provide treatment options for patients living with this debilitating disease while collecting valuable regulatory evidence about this novel investigational therapy. The EA program with foralumab, a fully human anti-CD3, has allowed Tiziana to obtain information about dosing, and drug use, including patient feedback which is critical for the design of future studies. The September 2023 release of FDA guidance entitled "Guidance on Substantial and Confirmatory Evidence of Efficacy and Safety" addresses the use of EA programs to be considered as part of confirmatory evidence. To date, two patients have been dosed for more than one year and four additional patients have been dosed for six months, all without serious side effects. These data are the first to combine imaging, immune-biomarkers, and clinical measures and safety data endpoints in patients receiving long-term intranasal foralumab. Tiziana recently initiated a Phase 2a trial in na-SPMS. Patients not eligible for the Phase 2a trial may be considered for the EA program.
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EU | Hot Stocks07:07 EST EnCore Energy begins uranium production from Rosita CPP - enCore Energy announces the successful startup of uranium production from the South Texas Rosita ISR Uranium Central Processing Plant. The restart of the previously producing Rosita CPP is the first step in enCore's South Texas production pipeline strategy utilizing the In-Situ Recovery production process. The wellfield production patterns are operating, oxygenated water is now circulating through the satellite ion exchange facility and being injected back into the uranium ore body. Oxygen addition started shortly after injection of groundwater with uranium concentrations in the production wells meeting expectations. The company looks forward to continuing increases in uranium concentration into the satellite IX facility over the coming weeks and is anticipating its first shipment of yellowcake to occur over the course of the next 45 to 60 days.
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SLGL | Hot Stocks07:06 EST Sol-Gel Technologies screens first patient for SGT-610 Phase 3 study - Sol-Gel Technologies announced that it has begun Phase 3 testing of SGT-610 for Gorlin syndrome with the first patient screened. Patidegib was acquired by Sol-Gel from PellePharm and is currently the only therapy in development to prevent the development of new BCC lesions in Gorlin syndrome patients. "We are pleased to initiate patient screening in this Phase 3 trial that has been long awaited by the Gorlin syndrome patient community," said Alon Seri-Levy, Ph.D., Chief Executive Officer of Sol-Gel. "To increase the probability of success of this trial we have refined screening criteria to enroll subjects with more severe disease at baseline in terms of a higher baseline number of facial BCC lesions. This may help to better demonstrate the preventive effect of the medication. Other insights that we are using in our Phase 3 trial design strategy are to pre-screen patients for a specific genetic mutation associated with Gorlin syndrome and to ease patient study compliance by reducing the number of study visits over the 12-months of treatment. We hope that our learnings to optimize this trial's design will help Sol-Gel advance this important drug candidate to Gorlin syndrome patients with no approved therapies. We anticipate SGT-610, with Orphan- and Breakthrough designation from FDA, could have a market potential of over $300 million. We look forward to discussing the experience of the Gorlin syndrome patient, the market opportunity for SGT-610, and the Phase 3 trial design during a Key Opinion Leader investor day that we are hosting on December 6th," added Dr. Seri-Levy.
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BCTX | Hot Stocks07:05 EST BriaCell records new responder with improvement in Phase 2 study of Bria-IMT - BriaCell Therapeutics announces a new responder in Phase 2 study of the Bria-IMT combination regimen. BriaCell's clinical team reported a patient with extensive metastatic breast cancer who had failed all available therapies. The patient had cancer behind the eye, causing proptosis and significant pain that were both resolved with BriaCell's treatment. The noted responder, a post-menopausal metastatic breast cancer patient, experienced a remarkable improvement of proptosis caused by breast cancer tumors behind the eye, resulting in significant pain reduction in the ocular region. Her disease is characterized as positive for hormone receptor and 3+ for HER2. The woman had extensive metastatic disease including the bones of the spine, pelvis, sternum, the skull, and face, which included proptosis of the right eye from which the patient was clinically blind in that eye. The patient was heavily pre-treated highlighting the remarkable nature of her response on BriaCell's treatment despite her very advanced cancer stage. Her last disease progression was recorded in August 2023. The patient started on BriaCell's Bria-IMT(TM) combination therapy on October 4, 2023 and has received only 3 cycles of therapy. The Bria-IMT combination regimen has been well tolerated and the patient remains on treatment. "We are reporting remarkable clinical responses in patients who were previously thought untreatable, suggesting effectiveness in difficult-to-reach tumors such as those in the bones and the brain," said Dr. William V. Williams, BriaCell's President and CEO. "We hypothesize that our Bria-IMT(TM) regimen may cross the blood brain barrier to treat these difficult-to-reach areas, such as the brain, which continues to increase our excitement for our novel cancer immunotherapy. We have seen several patients with central nervous system metastases respond to our therapy and are looking forward to further investigating this unique observation in our pivotal Phase 3 study of Bria-IMT(TM) combination therapy in advanced metastatic breast cancer."
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CHS | Hot Stocks07:05 EST Chico's withdraws previous FY23 outlook - Given the pending acquisition by Sycamore Partners, the company is not conducting a conference call for the third quarter. In addition, the company is not providing a financial outlook and is withdrawing its previously issued outlook for fiscal 2023.
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TLRY | Hot Stocks07:04 EST 10 Barrel Brewing unveils reimagined HopBurst Family of IPAs - 10 Barrel Brewing Co, a subsidiary of Tilray Brands, unveils the reimagined HopBurst Family of IPAs. This launch heralds a new era for 10 Barrel, building on their success as the "Brewery of the Year" at the 2023 Oregon Beer Awards. The brewery has infused a renewed vibrancy into three of their flagship IPAs through an innovative hop-bursting technique, creating the HopBurst Family. This method involves the addition of amplified hops at a pivotal point in the brewing process, enhancing the flavor profile and aroma of these three classic brews including Apocalypse, All Ways Down, and Cloud Mentality. The HopBurst IPA Trio is currently sold in Oregon, Washington, Idaho, and California at select retailers.
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ORTX | Hot Stocks07:03 EST Orchard Therapeutics receives U.S. fast track designation for OTL-203 - Orchard Therapeutics announced the U.S. Food and Drug Administration, FDA, has granted Fast Track designation to OTL-203, an investigational hematopoietic stem cell gene therapy being developed for the potential treatment of the Hurler subtype of mucopolysaccharidosis type I. "At Orchard Therapeutics, we are applying our HSC gene therapy platform to indications where we believe it is clinically differentiated and has the greatest potential to make a paradigm-shifting impact on the treatment landscape," said Leslie Meltzer, Ph.D., chief medical officer. "We are encouraged that OTL-203 has been granted Fast Track designation because new treatment options are urgently needed for children with MPS-IH, as the current standard of care is associated with significant morbidity and mortality. Moreover, existing treatment options do not adequately address the broad range of clinical manifestations of the disease, including those that are most burdensome and have a high impact on quality of life. We look forward to initiating our global registrational trial in December to evaluate the efficacy and safety of OTL-203 compared to allogeneic HSCT."
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CLMB | Hot Stocks07:03 EST Climb Channel Solutions expands partnership with Malwarebytes - Climb Channel Solutions announced the expansion of their partnership with Malwarebytes, global leader in real-time cyber protection, into their North American offerings. The global partnership between Climb and Malwarebytes will enable more partners to streamline their endpoint protection, detection and response through the ThreatDown, powered by Malwarebytes, portfolio of leading endpoint security solutions and services. Unlike complicated products designed for companies with an army of security analysts, ThreatDown solutions are easy to deploy and can be used immediately without complex set-up or maintenance.
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NVNI STIX | Hot Stocks07:02 EST Nuvini, Semantix partner to implement AI in Nuvini-owned companies - Nuvini Group (NVNI) and Semantix, Inc. (STIX) announces a strategic partnership. With a shared vision of leveraging the potential of Artificial Intelligence, both companies are set to embark on an exciting journey to enhance and optimize the operations of Nuvini's portfolio of companies. Under the leadership of Leonardo dos Santos, Semantix has assembled a highly experienced team of AI Experts. The partnership aims to apply the power of AI harnessed by Semantix to optimize and drive innovation in these companies. As the collaboration unfolds, Semantix's AI Experts will work closely with Nuvini's leadership to identify AI applications that align with each company's unique needs and objectives. The partnership is set to commence in November 2023, and both parties are committed to ensuring a smooth and effective integration of AI solutions across Nuvini's business entities. The goal is to achieve greater operational efficiency, data-driven decision-making, and a competitive edge in Nuvini's respective industries, by providing AI Applications and AI Solutions powered by Semantix.
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BNTC | Hot Stocks07:02 EST Benitec Biopharma announces first patient dosed in Phase 1b/2a trial for BB-301 - Benitec Biopharma announced the first subject has been dosed in the BB-301 Phase 1b/2a Clinical Treatment Study. BB-301 is the Company's first gene therapy candidate employing the Silence and Replace approach and is being developed for the treatment of Oculopharyngeal Muscular Dystrophy-related Dysphagia. "We are grateful to have the opportunity to begin the clinical evaluation of BB-301 and encouraged by the research and development progress made to date. We are deeply appreciative of the unwavering dedication of the clinical research team at our U.S. clinical trial site, our clinical and scientific research advisors in France, and our specialist speech language pathology research advisors in Canada, all of whom have guided the evolution of our understanding of the natural history of OPMD and our implementation of the ideal processes and procedures to facilitate the conduct of the initial clinical evaluation of BB-301," said Jerel A. Banks, M.D., Ph.D., Executive Chairman and Chief Executive Officer of Benitec. "Today we have taken a critical step towards the clinical validation of our Silence and Replace-based approach to the management of genetically defined disorders, and our central goals remain focused on the improvement of the lives of patients suffering from OPMD."
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GEO | Hot Stocks06:58 EST Geo Group CEO Jose Gordo to depart, Brian Evans to succeed - The GEO Group announced that following discussions between GEO and its CEO, Jose Gordo, the parties have agreed that Gordo will be departing as Chief Executive Officer and as a Board member on mutually agreeable terms and transitioning to the role of an advisor, effective December 31, 2023. Under the agreed terms of his departure, Gordo will enter into a fixed, 18-month advisory services agreement upon payment terms agreed to by the parties, pursuant to which Gordo will advise the Company with respect to litigation, client relations, operational issues, growth opportunities, financial management, and debt restructuring. The company is seeking to continue Gordo's services in these specific areas to benefit from his many years of experience in the industry, the deep relationships he has forged inside the company and with its industry partners, his global operating perspectives, and his specific expertise in a specialized industry. Brian Evans, who has been with the company for 23 years and has served as the company's CFO for 14 years, has been appointed CEO, effective January 1, 2024. Shayn March, Executive Vice President, Finance and Treasurer, has been appointed Acting CFO, effective January 1, 2024. The company and its Board of Directors will work with an external search firm to identify a permanent CFO. Also effective January 1, 2024, Wayne Calabrese has been appointed President and COO. Calabrese joined the company in 1989, retiring as its President and COO at the end of 2010. Following his service as a company advisor, Calabrese rejoined the Company on a full-time basis in 2021 as head of the Legal Department. In 2022, Calabrese was appointed to his current position as Senior Vice President and COO. In addition, the company confirmed that Dr. George Zoley, the company's Founder and Executive Chairman, will step down as Executive Chairman on June 30, 2026, at the end of his current employment term under his Executive Chairman Employment Agreement. Beginning on July 1, 2026, Dr. Zoley will continue his unparalleled 40-plus year industry leadership role as an Advisor to the company while continuing to serve as the company's non-Executive Chairman of the Board of Directors, subject to shareholder approval.
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BIG | Hot Stocks06:51 EST Big Lots appoints Kristen Cox as chief stores officer - Big Lots announced the appointment of two new leaders to fill roles on its senior leadership team. Experienced stores leader Kristen Cox is joining Big Lots as SVP, chief stores officer, and closeout merchandising leader Seth Marks is joining the company in the newly formed role of SVP, extreme value sourcing, focused on procuring outstanding products at exceptional values through unique closeout opportunities. Both Cox and Marks will begin in their roles on December 4, 2023.
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BKE | Hot Stocks06:51 EST The Buckle reports November SSS down 10.8% - The Buckle announced that comparable store net sales, for stores open at least one year, for the 4-week period ended November 25, 2023 decreased 10.8% from comparable store net sales for the 4-week period ended November 26, 2022. Net sales for the 4-week fiscal month ended November 25, 2023 decreased 10.1% to $106M from net sales of $117.9M for the prior year 4-week fiscal month ended November 26, 2022.
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F | Hot Stocks06:48 EST Ford says new U.S. labor agreement with UAW expected to cost $8.8B - The new U.S. labor agreement with the UAW is expected to cost $8.8B over the life of the contract, with gross wages, accelerated wage progression and cost of living adjustments representing the largest three elements of that total. Lawler said again that the cost effect is anticipated to be about $900 per vehicle by 2028 - or about 60 to 70 basis points of adjusted EBIT margin - which Ford will work to offset through higher productivity and lower expenses.
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UEC | Hot Stocks06:43 EST Uranium Energy, TerraPower enter MOU to establish uranium supply chains - TerraPower and Uranium Energy announced a memorandum of understanding, or MOU, with objectives of reestablishing domestic supply chains of uranium fuel. This MOU will allow TerraPower and UEC to explore the potential supply of uranium for TerraPower's first-of-kind Natrium reactor and energy storage system. The Natrium demonstration project, being built in Kemmerer, Wyoming, will be a commercial scale plant upon completion and will begin operations within a decade. UEC and TerraPower have made significant investments in the nuclear fuel cycle and commercial scale deployment of clean energy projects that will directly benefit the U.S. economy. This includes delivering carbon-free power, high paying jobs, and providing support for establishing a robust U.S. nuclear fuel supply chain for Small Modular and Advanced Reactors and their high assay low enriched uranium requirements. These new reactors, like TerraPower is advancing in Wyoming, present innovative leaps in technology that can help address the world's growing clean energy needs with abundant 24/7, carbon-free power. SMRs and ARs present the fastest growing segment of nuclear energy in the United States and need a secure, domestic fuel supply chain. The first step of the supply chain is uranium, and UEC's Wyoming resources have the critical mass to be a highly reliable source of uranium for American HALEU and a good strategic fit to supply TerraPower's Natrium reactor.
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AES | Hot Stocks06:36 EST AES Corp. to sell 51% equity stake in Mong Duong 2 coal-fired plant in Vietnam - AES Corp. announced it has reached an agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam. Following approvals by the Government of Vietnam and the Ministry of Industry and Trade, the anticipated close for the transaction is in line with AES' intent to exit the majority of its coal assets by the end of 2025.
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TD | Hot Stocks06:34 EST TD Bank names Alan MacGibbon as Chair of the Board of Directors - TD Bank Group is pleased to announce the appointment of Alan MacGibbon as Chair of the Board of Directors, effective February 1, 2024. Alan will succeed Brian Levitt, who will also retire from the Board following the Bank's annual meeting of shareholders on April 18, 2024. Levitt joined the TD Board in 2008 and has served as Chair since 2011.
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IREN | Hot Stocks06:34 EST Iris Energy acquires Bitmain miners increasing self-mining capacity to 8.3 EH/s - Iris Energy acquired 1.3 EH/s of Bitmain T21 miners to increase self-mining capacity to 8.3 EH/s. Improves overall fleet efficiency to 25.8 J/TH, with a $14/TH purchase price - $18.6M, with 20% of the purchase price deferred until May 30, 2024; 5.6 EH/s operating, with expansion on track to 10 EH/s. The newly acquired S21s and T21s are scheduled to be shipped during Q1 2024.
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TD | Hot Stocks06:34 EST TD Bank expects 'challenging' environment in FY24 - For fiscal 2024, it will be challenging for the Bank to meet its medium-term adjusted EPS growth target range of 7-10% and return on equity target of 16+% as it navigates a complex macroeconomic environment, expected further normalization in PCLs and critical business investments. "We enter 2024 from a position of strength, with proven resiliency, a powerful brand, and a strong capital position," said CEO Masrani. "I want to thank our more than 95,000 colleagues across the globe who bring TD's purpose to life every day."
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DIS IBM | Hot Stocks06:29 EST Elon Musk addresses advertisers boycotting the platform, WSJ says - In an interview at New York Times's DealBook Summit, Elon Musk said to the advertisers pulling their ads from X, "If somebody's going to try to blackmail me with advertising, blackmail me with money. Go f- yourself," Alexa Corse of The Wall Street Journal reports. Earlier this month, Elon Musk responded to a user's post on an antisemitic conspiracy theory with "You have said the actual truth." Soon after, watchdog group Media Matters reported X placed ads for companies next to posts supporting Nazis. Since then, many companies have halted their ad spending on the platform, including IBM (IBM) and Disney (DIS). Disney CEO Bob Iger addressed the company's decision to halt ads on the platform, saying Disney felt the association was no longer a positive one, but Disney entities could still use X as a platform to communicate. Reference Link
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WBA | Hot Stocks06:22 EST Walgreens launches Rx Savings Finder - Walgreens announced the launch of its new Rx Savings Finder, a simple-to-use digital tool designed to help customers save money on prescription medications. Rx Savings Finder finds free, third-party discount cards, providing patients with a quick and easy way to find lower prices on their Walgreens medications. The Walgreens Rx Savings Finder tool helps to alleviate cost concerns for patients by offering savings on thousands of medications as well as providing transparent pricing before they reach the checkout counter. Available online at Walgreens.RxSense.com, the tool is available to all Walgreens customers for free, with no monthly subscription or yearly membership needed.
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WBA | Hot Stocks06:21 EST Walgreens Boots Alliance launches Rx Savings Finder - Walgreens announced the launch of its new Rx Savings Finder, a simple-to-use digital tool designed to help customers save money on prescription medications. Rx Savings Finder finds free, third-party discount cards, providing patients with a quick and easy way to find lower prices on their Walgreens medications. The Walgreens Rx Savings Finder tool helps to alleviate cost concerns for patients by offering savings on thousands of medications as well as providing transparent pricing before they reach the checkout counter. Available online at Walgreens.RxSense.com, the tool is available to all Walgreens customers for free, with no monthly subscription or yearly membership needed.
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PROK | Hot Stocks06:09 EST ProKidney appoints Nikhil Pereira-Kamath as Chief Business Officer - ProKidney appointed Nikhil Pereira-Kamath, VP of Business Development & Innovative Solutions, to Chief Business Officer. Pereira-Kamath joined ProKidney earlier this year as VP of Business Development & Innovative Solutions. Prior to joining ProKidney, he was CEO and subsequently Executive Chairman, a role he continues to hold, of Africa Healthcare Network, the largest independent provider of dialysis and kidney care in sub-Saharan Africa. Pereira-Kamath co-founded AHN in 2015. Pereira-Kamath started his career as an analyst at Morgan Stanley in its Healthcare Investment Banking division covering large pharma, biotech and pharma services. Following that, he worked at Berkshire Partners.
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AROC HAL | Hot Stocks06:06 EST Archrock partnering with Ionada on carbon capture - Archrock (AROC) will serve as the lead investor in a Series A financing round for Ionada, a global carbon capture technology company. Ionada has developed a post combustion carbon capture solution designed and engineered for small to mid-sized industrial emitters in the energy, marine, and e-fuels industries, among others. Ionada has conducted research and development and completed testing in a lab setting. Archrock's investment is expected to be used primarily for additional research and development as well as the construction of field demonstration units. Archrock will serve as the lead investor for the investment round along with a group of strategic investors that includes Yinson Production and a global shipowner and operator. These investors join NGIF Cleantech Ventures LP and Halliburton's (HAL) energy and climate technology accelerator, Halliburton Labs, as shareholders in the company.
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KKR HOLX | Hot Stocks06:04 EST KKR, Hologic and Ajax Health create new cancer detection platform - KKR (KKR) announced a new platform established with investments from KKR and Hologic (HOLX). The new platform, named Maverix Medical, will be managed by Ajax Health under the leadership of Duke Rohlen. Maverix will develop and acquire innovative technologies and commercial operations within the lung cancer disease category. KKR and Ajax Health will contribute existing portfolio company Serpex Medical to the platform. Serpex Medical develops steerable technology that can target lung tissue for biopsy or delivery of therapy. KKR is investing in Maverix through its Health Care Strategic Growth strategy. Additional terms of the transaction were not disclosed.
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RY | Hot Stocks06:03 EST Royal Bank of Canada raises quarterly dividend 2% to C$1.38 per share - Royal Bank of Canada announced that its board of directors has declared an increase to its quarterly common share dividend of three cents or 2% to C$1.38 per share, payable on and after February 23, 2024, to common shareholders of record at the close of business on January 25, 2024.
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FTCH CFRSF | Hot Stocks05:36 EST Richemont says has 'no financial obligations' towards Farfetch - Following the recent media reports on and announcement made by Farfetch (FTCH) on November 28, Richemont (CFRSF) said in a statement that it has "no financial obligations towards FARFETCH and notes that it does not envisage lending or investing into FARFETCH. Richemont is carefully monitoring the situation, including reviewing its options in respect of its arrangements with FARFETCH announced on August 24, 2022, which remain subject to certain terms and outstanding conditions. Neither Richemont Maisons nor YOOX NET-A-PORTER have currently adopted FARFETCH Platform Solutions and they continue to operate on their own platforms." Richemont said it will make a further announcement "if and when appropriate." Reference Link
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ASML | Hot Stocks05:31 EST ASML to appoint Christophe Fouquet as next CEO - The supervisory board of ASML announced that it intends to appoint Christophe Fouquet, currently ASML's chief business officer and member of the board of management, as the company's next president and CEO. The appointment is subject to notification of the annual general meeting of shareholders on April 24, 2024. On the same date, ASML's co-presidents Peter Wennink and Martin van den Brink will retire from ASML upon completion of their current appointment terms. In addition, the supervisory board intends to appoint Jim Koonmen as chief customer officer, a new position in ASML's board of management, subject to notification of the annual general meeting of shareholders on April 24, 2024.
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MTN | Hot Stocks05:21 EST Vail Resorts to acquire Crans-Montana Mountain Resort in Switzerland - Vail Resorts announced that it has entered into an agreement to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group, or CPIPG. Crans-Montana Mountain Resort spans over 1,400 meters of skiable vertical terrain, and 140 kilometers of trails. Accessible from five airports and by train, Crans-Montana Mountain Resort is located in the Valais canton of Switzerland, approximately two and a half hours from Geneva and less than four hours from Milan and Zurich. The resort is two and a half hours away from the company's other owned and operated European resort in Andermatt-Sedrun.Crans-Montana Mountain Resort is a top ski destination in the heart of the Swiss Alps, offering breathtaking views of the Matterhorn and the Mont Blanc, and has been recognized as one of the best ski resorts in Europe. Crans-Montana has a legacy of being a renowned outdoor sports destination, with signature events such as the Ski World Cup, Mountain Bike World Cup, Omega European Masters, and other championships, the Caprices Festival and more. The commune of Crans-Montana has gourmet restaurants and luxury retail stores, as well as stylish five-star hotels, including the recently developed Six Senses lodge and spa, a luxury 45-room ski-in, ski-out chalet-style property situated above the main gondola.
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CALT | Hot Stocks05:17 EST Calliditas Therapeutics initiates setanaxib study - Calliditas Therapeutics announced the initiation of a Phase 2 clinical study to evaluate setanaxib in Alport syndrome. Calliditas is a company focused on developing and commercializing novel treatments in rare diseases with significant unmet medical needs.
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HPE NVDA | Hot Stocks05:14 EST HP Enterprise announces expanded collaboration with Nvidia - HP Enterprise (HPE) announced an expanded strategic collaboration with Nvidia to build an enterprise computing solution for generative AI. The co-engineered, pre-configured AI tuning and inferencing solution enables enterprises of any size to quickly customize foundation models using private data and deploy production applications anywhere, from edge to cloud. The offering removes the complexity of developing and deploying GenAI infrastructure with a full-stack AI tuning and inferencing solution from HPE and Nvidia.
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JG | Hot Stocks05:11 EST Aurora Mobile to implement ADS ratio change - Aurora Mobile announced that it plans to change the ratio of its American depositary shares, or ADSs, to its Class A common shares, par value $0.0001 per share, from three ADS representing two Class A common shares to three ADS representing 40 Class A common shares, effective on or about December 6, U.S. Eastern Time. The ADS ratio change will have the same effect as a one-for-twenty reverse ADS split for Aurora Mobile's ADS holders.
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