Stockwinners Market Radar for December 04, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ACRO | Hot Stocks21:10 EST Acropolis Infrastructure to redeem shares, will not enter business combination - Acropolis Infrastructure Acquisition announced that it will liquidate and dissolve the Company in accordance with the provisions of the Company's amended and restated certificate of incorporation, as amended. Accordingly, the Company will redeem all outstanding shares of Class A common stock, par value $0.0001, effective as of December 19, 2023. The per share redemption price for the public shares will be approximately $10.49, less amounts required to pay the Company's tax obligations. The balance of the trust account as of December 4, 2023 was approximately $84,040,779.58, which includes approximately $4,032,789.58 in interest income. In accordance with the terms of the related trust agreement, the Company expects to retain up to $100,000 of the interest income from the trust account to pay dissolution expenses and amounts required to pay the Company's tax obligations. Prior to the withdrawal of amounts required to pay the Company's tax obligations, there is expected to be a total of approximately $83,940,779.58 available for redemption of the 8,000,799 public shares outstanding.
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NEPT | Hot Stocks20:18 EST Neptune Wellness discloses Nasdaq delisting notice - Neptune Wellness "announced that it received notification from the Nasdaq Stock Market LLC on November 30, 2023, that Nasdaq has determined to delist the Company's common shares due to noncompliance with the Minimum Bid Requirement and the Stockholders' Equity Requirement. The notification specifies that the Company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market, as the bid price for the Common Shares on Nasdaq closed below $1.00 for 30 consecutive trading days. As the Company previously implemented two reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, it is not eligible for any compliance period specified in Rule 5810(c)(3)(A)."
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PD | Hot Stocks20:02 EST Cathie Wood's ARK Investment bought 136.6K shares of PagerDuty today
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ZVSA | Hot Stocks19:50 EST Zyversa Therapeutics Inc trading halted, news pending
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MSFT... | Hot Stocks19:11 EST Rockstar says 'GTA VI' coming to PS5, Xbox Series X/S in 2025 - Rockstar Games, a publishing label of Take-Two (TTWO), announced that "Grand Theft Auto VI" is coming to PlayStation 5 (SONY) and Xbox Series X/S (MSFT) consoles in 2025. "Grand Theft Auto VI continues our efforts to push the limits of what's possible in highly immersive, story-driven open-world experiences," said Sam Houser, Founder of Rockstar Games. "We're thrilled to be able to share this new vision with players everywhere." "Grand Theft Auto VI" is not yet rated, the studio noted.
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TTWO | Hot Stocks18:55 EST Take-Two falls over 2% in after-hours after 'GTA VI' trailer leaks early
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META | Hot Stocks18:55 EST Meta Platforms CEO Zuckerberg sells $9.1M in two separate transactions - In regulatory filings, Meta Platforms disclosed that its CEO Mark Zuckerberg sold $9.1M in each of two separate transactions as part of an option expiry on November 30th and December 1st.
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VYX | Hot Stocks18:52 EST NCR Voyix director buys $100K in common stock - In a regulatory filing, NCR Voyix disclosed that its director Kevin Reddy bought 6.2K shares of common stock on December 1st in a total transaction size of $100K.
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MRVL | Hot Stocks18:50 EST Marvell CEO: We have a great set up for AI next year - In an interview on CNBC's Mad Money, Matt Murphy said Marvell has a great set up for AI in 2024 and it's targeting $200M in AI revenue per quarter. "We have great excitement around the data center business for 2024," he added. "AI is a portion of the data center business, but it's the fastest growing segment." He expects the data center business to account for about 50% of the company's revenue in Q4.
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ERIC T | Hot Stocks18:43 EST AT&T announces Open RAN deployment collaboration with Ericsson - AT&T (T) announced plans to lead the United States in commercial scale open radio access network deployment. This move, in collaboration with Ericsson (ERIC), will further the telecommunications industry efforts and help build a more robust ecosystem of network infrastructure providers and suppliers, AT&T said. AT&T's spend could approach roughly $14B over the 5-year term of the contract with Ericsson. "AT&T is taking the lead in open platform sourcing in our wireless network," said Chris Sambar, Executive Vice President, AT&T Network. "With this collaboration, we will open up radio access networks, drive innovation, spur competition and connect more Americans with 5G and fiber. We are pleased that Ericsson shares our support for Open RAN and the possibilities this creates for American digital infrastructure." Ericsson will leverage its USA 5G Smart Factory in Lewisville, Texas in the manufacture of 5G equipment for this contract.
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PCVX | Hot Stocks18:36 EST Vaxcyte says VAX-24 proof-of-concept results published in The Lancet - Vaxcyte announced the publication of the results from the VAX-24 Phase 1/2 clinical proof-of-concept study in the journal The Lancet Infectious Diseases. This study evaluated the safety, tolerability and immunogenicity of Vaxcyte's investigational 24-valent, carrier-sparing pneumococcal conjugate vaccine compared to the current standard-of-care, Prevnar 20, for the prevention of invasive pneumococcal disease in healthy adults 18-64 years of age. The study results showed VAX-24 demonstrated a safety and tolerability profile that was comparable to PCV20 at all doses studied, and an immunogenicity profile that met or exceeded established regulatory immunogenicity standards for all 24 serotypes at the conventional 2.2 mcg dose. The Company plans to advance the VAX-24 2.2 mcg dose into a Phase 3 program. "The publication of our data in The Lancet Infectious Diseases, which is also highlighted in an independent commentary, is a testament to the potential of our cell-free technology to create carrier-sparing conjugate vaccines that provide broader coverage with enhanced immunogenicity compared to the standard-of-care in adults today," said Jim Wassil, Executive Vice President and Chief Operating Officer of Vaxcyte. "Despite the availability of pneumococcal vaccines, the bacteria associated with IPD continues to be a major driver of deaths as a result of antimicrobial resistance. This is among the many reasons why the public health community continues to affirm the need for new vaccines that provide broader coverage against this disease. We believe these proof-of-concept study results underscore the potential of VAX-24 to address this important public health need."
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ZS | Hot Stocks18:23 EST Zscaler director sells $3.52M in common stock - In a regulatory filing, Zscaler disclosed that its director Charles Giancarlo sold 17.8K shares of common stock on December 1st in a total transaction size of $3.52M.
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TTWO | Hot Stocks18:12 EST Rockstar says 'Grand Theft Auto VI' to release in 2025 - Take-Two's Rockstar Games announced in the first trailer for "Grand Theft Auto VI" that the game will release in 2025. Reference Link
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VNDA | Hot Stocks18:01 EST Vanda Pharmaceuticals announces FDA accepts NDA for tradipitant - Vanda Pharmaceuticals announced that the U.S. FDA has accepted the filing of Vanda's New Drug Application for tradipitant for the treatment of symptoms of gastroparesis. The FDA has set September 18, 2024 as the target date for its decision under the Prescription Drug User Fee Act. If approved, tradipitant will be the first novel drug to be approved by the FDA for the treatment of gastroparesis in over 40 years and to be accepted for review by the FDA for gastroparesis in over 30 years.
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ARCE | Hot Stocks17:58 EST Arco Platform announces shareholder approval of go-private deal - Arco Platform Limited announced that at an extraordinary general meeting of shareholders held today, Arco's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger, dated as of August 10, 2023, among the company, Achieve Holdings and Achieve Merger Sub, a wholly owned subsidiary of Achieve. The plan of merger is required to be filed with the Registrar of Companies of the Cayman Islands upon completion of the Merger. Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company and cease to exist, with Arco being the surviving company and becoming a wholly-owned subsidiary of Achieve. Approximately 81.5% of Arco's total outstanding Class A common shares and Class B common shares, par value $0.00005 per share, attended the extraordinary general meeting in person or by proxy. Each shareholder has one vote for each Class A Share and/or 10 votes for each Class B Share. The Merger Agreement, the Plan of Merger, and the transactions contemplated thereby, including the Merger, were approved by over 97.8% of the total votes cast at the extraordinary general meeting.
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WEN | Hot Stocks17:51 EST Wendy's director Levato sells 20,000 common shares - In a regulatory filing, Wendy's director Joseph Levato disclosed the sale of 20,000 common shares of the company on December 1 at a price of $19.1813 per share.
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AAPL | Hot Stocks17:49 EST ExpressVPN launches Apple TV app - ExpressVPN announced the all-new ExpressVPN app for Apple TV. "To get started, simply visit the App Store on your Apple TV, download the ExpressVPN app, and sign in to your account," the company said. "That's it. Now you're ready to connect to a server location in any of 105 countries around the world, all from the comfort of your couch. Even signing in is a snap: Just scan a QR code with your phone or enter your details with your remote control, and you're in."
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PJT | Hot Stocks17:35 EST PJT Partners officer Lee Ji-Yeun sells over $897K in company shares - Officer of PJT Partners Lee Ji-Yeun disclosed the sale of 10,000 shares of company stock at $89.76 per share on December 1, for a total transaction amount of $897,604.
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RTX | Hot Stocks17:25 EST RTX awarded $321.27M USSOCOM contract - RTX was being awarded a single award, firm-fixed-price, multi-year contract in the amount of $321.27M for the continued production and delivery of Silent Knight Radar systems and initial spare components in support of Special Operations Command, or USSOCOM. The work will be performed primarily at contractor locations in McKinney, Texas; and Forest, Mississippi, and is expected to be completed by December 31, 2028. Foreign Military Sales funding of $27.5M will be used. Solicitation for Silent Knight Radars was issued sole-source to Raytheon Co. under authority of 10 U.S. Code 2304, as implemented in Federal Acquisition Regulation 6.302-1 and detailed in approved Justification and Analysis 22-2147. USSOCOM is the contracting activity.
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RIO | Hot Stocks17:15 EST Rio Tinto approves $77M pre-feasibility study for Rhodes Ridge project - Rio Tinto has "approved a $77M pre-feasibility study to progress development of the Rhodes Ridge project, one of the world's best undeveloped iron ore deposits, in the East Pilbara in Western Australia. The commencement of a PFS follows completion of an Order of Magnitude study that considered development of an operation with initial capacity of up to 40 million tonnes annually, subject to relevant approvals. The PFS is expected to be completed by the end of 2025 and will be followed by a feasibility study. First ore from the initial development is expected by the end of this decade."
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NEU | Hot Stocks17:12 EST NewMarket to acquire AMPAC Intermediate Holdings for about $700M - NewMarket announced its entry into a definitive purchase agreement to acquire AMPAC Intermediate Holdings, the ultimate parent company of American Pacific Corporation, for approximately $700M. Based in Cedar City, Utah, AMPAC is a North American manufacturer of critical performance additives used in solid rocket motors for space launch and military defense applications. AMPAC is qualified on many NASA and Department of Defense programs, and has been serving space launch and national defense programs for more than 60 years. AMPAC also manufactures Halotron BrX, a clean and environmentally friendly fire extinguishing agent that replaces legacy high ozone-depleting fire extinguishing agents. Founded in 1955, AMPAC has one operating facility and approximately 150 full-time employees. The transaction is expected to close during the first quarter of 2024. The closing is conditioned upon the satisfaction or waiver of customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. NewMarket expects to finance the acquisition with available cash and borrowings under its revolving credit facility.
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NEU | Hot Stocks17:09 EST NewMarket acquire AMPAC Intermediate Holdings for about $700M - NewMarket announced its entry into a definitive purchase agreement to acquire AMPAC Intermediate Holdings, the ultimate parent company of American Pacific Corporation, for approximately $700M. Based in Cedar City, Utah, AMPAC is a North American manufacturer of critical performance additives used in solid rocket motors for space launch and military defense applications. AMPAC is qualified on many NASA and Department of Defense programs, and has been serving space launch and national defense programs for more than 60 years. AMPAC also manufactures Halotron BrX, a clean and environmentally friendly fire extinguishing agent that replaces legacy high ozone-depleting fire extinguishing agents. Founded in 1955, AMPAC has one operating facility and approximately 150 full-time employees. The transaction is expected to close during the first quarter of 2024. The closing is conditioned upon the satisfaction or waiver of customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. NewMarket expects to finance the acquisition with available cash and borrowings under its revolving credit facility.
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HAYW | Hot Stocks17:01 EST Hayward names John Collins as Chief Commercial Officer - Hayward Holdings announced the promotion of John Collins to Chief Commercial Officer, effective immediately. In his new role, John will lead the company's sales, marketing, customer service and product management teams in North America, as well as the global industrial Flow Control business. Collins has served as Hayward's Senior Vice President and Chief Supply Chain Officer since May 2022. Prior to joining Hayward, Collins was the Senior Vice President and General Manager of E-Z-GO for Textron Specialized Vehicles.
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KEY | Hot Stocks16:56 EST KeyCorp reduces Q4 non-interest income outlook to down 8% to down 5% - In a regulatory 8-K filing, KeyCorp forecast its Q4 non-interest income to be down 8% to down 5% vs. its prior guidance of up 1% to up 3%. The company also guides its Q4 loans down 1%-3% vs. Q3 and Net Interest Income as "relatively stable".
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GTLB | Hot Stocks16:52 EST GitLab jumps 14% to $60.65 after Q3 earnings beat, guidance raise - Shares of GitLab are up 14% or $7.72 at $60.65 after its Q3 earnings beat and guidance raise for FY24.
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RYI | Hot Stocks16:44 EST Ryerson acquires Hudson Tool Steel Corporation, terms not disclosed - Ryerson announced its acquisition of Hudson Tool Steel Corporation, a supplier of tool steels and high-speed, carbon, and alloy steels. Hudson is headquartered in Cerritos, California, with additional locations in Loves Park, Illinois and Dover, New Hampshire.
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HI | Hot Stocks16:44 EST Hillenbrand director buys $249.4K in common stock - In a regulatory filing, Hillenbrand disclosed that its director Helen Cornell bought 6.5K shares of common stock on November 30th in a total transaction size of $249.4K. Shares of Hillenbrand are up 0.9% afterhours at $40.55.
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TVTX | Hot Stocks16:42 EST Travere Therapeutics completes pre-NDA meeting with the FDA for Filspari - Travere Therapeutics announced the completion of a pre-NDA meeting with the FDA for Filspari in IgA nephropathy, or IgAN. The company will submit a supplemental new drug application, or sNDA, in the first quarter of 2024 for conversion of the existing U.S. accelerated approval of Filspari to full approval. The company also completed regulatory engagement on focal segmental glomerulosclerosis, or FSGS, in which the FDA communicated that the Phase 3 DUPLEX Study results alone are not sufficient to support an sNDA submission for an FSGS indication for sparsentan. As a result, the company will be conducting additional analyses of FSGS data with plans to re-engage FDA in 2024, and is implementing a strategic reorganization in Q4 2023 to focus near-term resources on the ongoing FILSPARI launch in IgAN and the advancement of pegtibatinase in classical homocystinuria, or HCU. "Following a successful pre-NDA meeting, we are pleased to be moving forward with our planned sNDA submission for full approval of FILSPARI in IgA nephropathy. Our team has been working diligently to prepare a high-quality application which we expect to submit next quarter," said Eric Dube, president and chief executive officer of Travere Therapeutics. "Unfortunately, there is uncertainty around a regulatory path forward for FSGS. While we intend to continue to engage with FDA on a way forward for the more than 40,000 people living with FSGS in the U.S., we must at the same time prioritize our operating expenses. As a result, we have made the difficult decision to reduce our workforce to further focus our resources on the FILSPARI launch and clinical development of pegtibatinase; this action is expected to extend our cash runway into 2028. We have not taken this decision lightly and we are grateful to all of our colleagues who have contributed tremendously to furthering our mission and dedication to helping people living with a rare disease. We are committed to supporting our colleagues who are affected through this challenging time." Following supportive FDA feedback on the company's plan to submit the two-year results from the Phase 3 PROTECT Study in IgAN, Travere to submit sNDA in Q1 2024 for full U.S. approval of Filspari in IgAN.
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THG | Hot Stocks16:39 EST The Hanover raises quarterly dividend by 5% to 85c per share - The dividend is payable December 29, 2023, to shareholders of record at the close of business on December 15, 2023. CEO John Roche stated: "We are pleased to announce a 5% increase in our quarterly dividend, highlighting our board's confidence in the overall financial strength of our company and our prospects. This dividend increase will mark our 19th consecutive annual dividend increase. Looking ahead to 2024, we are well positioned to deliver positive results as we execute on our go-forward strategy while remaining committed to being responsible stewards of our capital."
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CD | Hot Stocks16:38 EST Chindata shareholders approve merger agreement - Chindata announced that at an extraordinary general meeting of shareholders held, the company's shareholders voted in favor of, among other things, the proposal to authorize and approve the execution, delivery and performance of the previously announced agreement and plan of merger, dated as of August 11, among the company, BCPE Chivalry Bidco, an exempted company with limited liability incorporated under the laws of the Cayman Islands and BCPE Chivalry Merger Sub, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of parent and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, pursuant to which merger sub will be merged with and into the company, with the company continuing as the surviving company and becoming a wholly owned subsidiary of the parent and to authorize and approve the consummation of any and all transactions contemplated by the merger agreement and the plan of merger, including the merger.
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BKH | Hot Stocks16:36 EST Black Hills files rate review app with Arkansas Public Service Commission - Black Hills announced that its Arkansas natural gas utility, Black Hills Energy Arkansas, doing business as Black Hills Energy, filed a rate review application with the Arkansas Public Service Commission requesting $44.1M in new annual revenue. Black Hills Energy has invested approximately $130 M in safety, system integrity and reliability for more than 7,200 miles of natural gas pipeline infrastructure in Arkansas since its last general rate filing in 2021. These critical investments were required to support and extend service to approximately 7,500 new customers in the rapidly growing communities in the state, to ensure the safe and reliable delivery of natural gas to all customers' homes and businesses, and to meet compliance requirements of state and federal regulations. "We are committed to safe and reliable service as we support the vibrant economic growth in our Arkansas communities," said Linn Evans, president and CEO of Black Hills Corp. "This rate review request consists of the critical investments we have made to maintain system integrity and serve growth and reflects the increased costs of serving our customers driven by inflation and higher interest rates." As proposed, the rate review is requesting a capital structure of 48% equity and 52% debt and a return of equity of 10.5% for investments the company has made in its natural gas system in Arkansas. Black Hills Energy is seeking to implement new rates in the fourth quarter of 2024.
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NSPR | Hot Stocks16:33 EST InspireMD director buys $126.5K in common stock - In a regulatory filing, InspireMD disclosed that its director Gary Roubin bought 50K shares of common stock on November 30th in a total transaction size of $126.5K. Shares of InspireMD are up 5.7% afterhours at $2.59.
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LSAK | Hot Stocks16:33 EST Lesaka says CEO Chris Meyer to conclude tenure, Ali Mazanderan to become chair - Lesaka announced that Chris Meyer will conclude his tenure as Lesaka Group CEO on February 29, 2024. During his nearly three years as group CEO, Meyer has led the successful turnaround and building of the Lesaka fintech platform. Meyer will remain a director of Lesaka. Ali Mazanderani will assume the executive chairman role on February 1, 2024.
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MDU | Hot Stocks16:32 EST MDU Resources names Garret Senger as chief utilities officer - The Board of Directors of MDU Resources Group has approved the appointment of Garret Senger as chief utilities officer for the company's electric and natural gas utility business, effective Jan. 6. Senger currently is executive vice president of regulatory affairs, customer service and administration for the utility business. Senger's new role will be effective the same day that Nicole Kivisto assumes the role of president and CEO of MDU Resources.
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TGNA | Hot Stocks16:32 EST Tegna CEO Lougee sells 100,000 common shares - In a regulatory filing, Tegna president and CEO David Lougee disclosed the sale of 100,000 common shares of the company on November 30 at a price of $15.38 per share.
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MDU | Hot Stocks16:31 EST MDU Resources names Garret Senger as chief utilities officer - The Board of Directors of MDU Resources Group, Inc. (NYSE: MDU) has approved the appointment of Garret Senger as chief utilities officer for the company's electric and natural gas utility business, effective Jan. 6. Senger currently is executive vice president of regulatory affairs, customer service and administration for the utility business. Senger's new role will be effective the same day that Nicole Kivisto assumes the role of president and CEO of MDU Resources.
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HOOD | Hot Stocks16:30 EST Robinhood says customers contributed $1.4B of net deposits in November - Robinhood disclosed that in November, customers contributed roughly $1.4B of net deposits to Robinhood. Additionally, November equity notional trading volumes and options contracts traded were roughly in line with October levels, and November crypto notional trading Volumes were roughly 75% above October levels, the company said in a regulatory filing. The Company plans to release its full November 2023 Operating Data in the coming weeks.
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NXTP | Hot Stocks16:30 EST NextPlay Technologies gets Delinquent Filings Rule notice from Nasdaq - NextPlay Technologies was notified by the Listing Qualifications Department on November 28 of The Nasdaq Stock Market stating that it did not comply with Listing Rule 5250(c), due to its failure to timely file its Form 10-K and Forms 10-Q for the periods ended February 28, May 31, and August 31 respectively. Unless the Company requests an appeal, trading of the Company's securities will be suspended at the opening of business on December 7 and a Form 25-NSE will be filed with the Securities and Exchange Commission which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.
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CDAY | Hot Stocks16:29 EST Ceridian appoints Jeremy Johnson as CFO, Justine Janssen as CSO - Ceridian announced the appointments of Jeremy Johnson as executive VP and CFO, effective January 1, 2024, and Justine Janssen as executive VP and chief strategy officer , or CSO, effective immediately. Johnson and Janssen are both former Ceridian executives, returning in new roles. Both roles report directly into David Ossip, chair and CEO. Johnson will succeed Noemie Heuland who, as previously announced, will cease serving as Ceridian's CFO after December 31. With Johnson's assumption of the CFO role, Heuland will move into a senior advisory role to support a transition.
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XMTR | Hot Stocks16:27 EST Xometry announces appointment of Fabio Rosati as Chair of the Board - Xometry announced the appointment of Fabio Rosati as Chair of the Board. A seven-year member of the Xometry board, Mr. Rosati has extensive technology leadership experience with other marketplace companies, including: Upwork, the largest work marketplace, where he served as founding CEO and Board member; Snagajob, a multi-mode workforce platform for hourly employers and workers, where he served as Chairman of the Board; and Smith.ai, an AI-powered customer engagement platform for small businesses, where he serves as Board member. Earlier in his career, Mr. Rosati was CEO of internet pioneer Elance and SVP of Strategic Consulting at Capgemini Invent.
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AEY | Hot Stocks16:25 EST ADDvantage receives noncompliance notification from Nasdaq - ADDvantage announced that it received a notification letter from the Listing Qualifications Department of Nasdaq notifying the company that it had regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550.
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AMRN | Hot Stocks16:25 EST Sarissa Capital sees Amarin shares as 'meaningfully undervalued', boosting stake - Sarissa Capital "issued the following statement regarding Amarin Corporation. Sarissa believes Amarin's stock is significantly undervalued. We continue to believe in both the tremendous value of Vascepa/Vazkepa to cardiovascular patients worldwide and the market opportunity. We are very upset that the stock has remained low. We expect that over time that value will be reflected in the stock price. We hope that recent progress detailed below will cause the stock to begin to reflect the value we think it has. We remain long-term shareholders and have been purchasing shares at these depressed prices, as will be detailed in tomorrow's 13D filing. We have never sold any shares of Amarin and have only increased our position since we made the investment."
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PAVM LUCD | Hot Stocks16:22 EST PAVmed announces 1-for-15 reverse stock split - PAVmed (PAVM) announced a dividend of approximately 3.3M shares of common stock of its majority-owned subsidiary, Lucid Diagnostics (LUCD), which equals the number of shares PAVmed will receive in the contemporaneous partial settlement of outstanding intercompany debt owed to PAVmed by Lucid. PAVmed shareholders as of January 15, 2024, will participate in the dividend distribution. PAVmed also announced that it will conduct a 1-for-15 reverse stock split of its own common stock. The PAVmed Board of Directors has declared a dividend of approximately 3.3M shares of Lucid common stock with a record date of January 15, 2024. All holders of PAVmed capital stock as of such date will participate in the dividend on a pro rata basis. Contemporaneous with the dividend, Lucid will issue to PAVmed an equivalent number of shares of Lucid common stock as payment for the portion of intercompany debt owed to PAVmed that Lucid incurred during fiscal year 2022. As a result, the number of shares of Lucid common stock held by PAVmed will remain unchanged following the distribution.
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NMIH | Hot Stocks16:21 EST NMI Holdings names William Leatherberry chief administrative officer - NMI Holdings announced that William Leatherberry, currently the company's executive VP, chief legal officer and general counsel, has been appointed to the newly created position of chief administrative officer, effective January 1. Upon his appointment, Leatherberry will retain the title of general counsel and continue to serve as a member of the company's executive committee. As executive VP, chief administrative officer and general counsel, he will oversee National MI's legal, compliance, government relations, and corporate communications functions, and will continue to advise on corporate and strategic matters.
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EPRT | Hot Stocks16:20 EST Essential Properties Realty raises quarterly dividend by 1.8% to 28.5c per share - The dividend is payable on January 12, 2024 to stockholders of record as of the close of business on December 29, 2023.
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TPHS | Hot Stocks16:18 EST Trinity Place receives noncompliance notice from NYSE American - Trinity Place Holdings announced that on November 29, 2023 it received a letter from the NYSE American LLC advising the company is not in compliance with the NYSE American continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide given the reported stockholders' deficit as of September 30, 2023, and losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2022. The Notice has no immediate impact on the listing of the company's shares of common stock, par value 1c per share, which will continue to be listed and traded on the NYSE American during the period mentioned below, subject to the company's compliance with the other listing requirements of the NYSE American. The Common Stock will continue to trade under the symbol "TPHS", but will have an added designation of ".BC" to indicate the status of the Common Stock as "below compliance". The Notice does not affect the company's ongoing business operations or its reporting requirements with the Securities and Exchange Commission.
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KAR | Hot Stocks16:12 EST Openlane to acquire Manheim Canada for about $95M - Openlane has signed a definitive agreement to acquire the Manheim Canada business from Cox Automotive, subject to certain customary closing conditions. The proposed acquisition advances OPENLANE's digital strategy by adding Manheim Canada inventory, buyers, sellers and corresponding data to the OPENLANE Canada digital marketplace launched earlier this year. Valued at approximately $95M, the transaction includes the Manheim Montreal facility and auction sales, operations and select staff across Manheim Canada, which intends to exit Canada. Under the agreement, OPENLANE will assume Manheim Canada's customer relationships. After the transaction closes, OPENLANE will integrate the Manheim Canada business into the existing OPENLANE Canada business, combining all inventory within the OPENLANE digital marketplace.
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SNCR | Hot Stocks16:11 EST Synchronoss appoints Kevin Rendino as new director, effective December 4 - Synchronoss Technologie announced the appointment of Kevin Rendino as a new director, effective December 4, . Rendino, Chairman and Chief Executive Officer of 180 Degree Capital Corp., is a respected leader with a distinguished career in financial services, bringing extensive expertise in capital markets, value investing, and corporate governance. Kevin Rendino assumed the role of Chairman and CEO at 180 Degree Capital in the first half of 2017, following his appointment to its board in 2016. With over three decades of Wall Street experience, he provides a wealth of knowledge and a keen strategic mindset that will be additive to the board. Prior to his time at 180 Degree Capital, Mr. Rendino managed the Basic Value Fund at BlackRock/Merrill Lynch. Mr. Rendino previously served on the boards of both Synacor Inc., from 2019 until its sale to Centre Lane Partners in 2021, as well as TheStreet, Inc., from 2017 until its sale to The Arena Group Holdings, Inc in 2019. He has also served on the Board of Directors for Rentech Inc., and was Chairman of Partners for Health, a public charity addressing critical community health needs.
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LSTR BECN | Hot Stocks16:09 EST Landstar System names Frank Lonegro CEO, effective February 2 - Landstar System (LSTR) announced that its Board of Directors has named Frank A. Lonegro as President and Chief Executive Officer, effective February 2. James B. Gattoni, who currently serves as President and CEO, will continue to serve in that role through the date of the Company's 2023 fourth quarter earnings release conference call, currently scheduled for February 1, following which he will be transitioning to the role of Special Advisor to the CEO before his anticipated retirement in July 2024. Mr. Lonegro will also be appointed to the Board of Directors of Landstar System as of his commencement as CEO, succeeding Mr. Gattoni who will be stepping down from the Board as of February 2. Lonegro is joining Landstar from Beacon Building Products (BECN), where he currently serves as Executive Vice President and Chief Financial Officer. Beacon is a Fortune 500 building products distribution company serving customers throughout the U.S. and Canada. Prior to working at Beacon, Mr. Lonegro worked for almost 20 years at CSX Corporation, a Fortune 250 rail transportation company headquartered in Jacksonville, Florida. During his long tenure at CSX, Mr. Lonegro served in a number of capacities, including Executive Vice President and Chief Financial Officer from 2015 to 2019, as well as key technology and operational roles earlier in his tenure, including President of CSX Technology, Vice President of Service Design, and Vice President of Mechanical."Frank's broad financial, operational and technology leadership at large, publicly traded organizations make for an outstanding fit at Landstar," said Chairman of the Board Diana Murphy. "The Board is delighted to welcome Frank and his impressive record of achievement to Landstar. On behalf of the independent members of the Board, I also want to express tremendous appreciation to Jim for his leadership of Landstar and partnership with all of us."
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BECN | Hot Stocks16:09 EST Beacon announces departure of CFO Frank Lonegro - Beacon announced that its Executive Vice President & CFO, Frank Lonegro, will be leaving the company to become the chief executive of a publicly traded company outside of the building products industry. Beacon has commenced a formal search for its next CFO. Lonegro will remain with the company until February 1, 2024, to provide a seamless transition.
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AAMC | Hot Stocks16:08 EST Altisource Asset Management receives communications from NYSE - Altisource Asset Management Corporation announced that on November 30, 2023, the company received a written notice from the New York Stock Exchange that the NYSE would delist the company's shares of common stock from the Exchange. NYSE Regulation staff has determined that the company is no longer qualified for listing pursuant to Section 1009(a) of the NYSE American Company Guide, citing non-compliance with Sections 1003(a)(i), (ii) and (iii) thereof. The company has a right to appeal this determination, provided that it files a written request for such review within seven calendar days after receiving the Notice. The company's board of directors intends to exercise its right to appeal the NYSE Regulation staff's determination by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. Following such appeal and a decision by the Panel, NYSE American or the company will make an announcement regarding either delisting or continued trading of the company's common stock. There can be no assurance of the outcome of any such appeal or that the Exchange will reconsider its decision to delist the company in light of such appeal.
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SOFO | Hot Stocks16:06 EST Sonic Foundry announces delisting from Nasdaq - Sonic Foundry announced that the Company received a final delisting notice from Nasdaq on December 1, 2023. The delisting is a result of failure to satisfy the $1.00 minimum bid price listing requirement in Nasdaq Listing Rule 5550(a)(2) and failure to comply with Nasdaq's $2,500,000 minimum stockholders' equity requirement for continued listing or any of the alternative requirements in Listing Rule 5550(b). Suspension of trading in the Company's common stock on the Nasdaq exchange will be effective at the open of trading on December 5, 2023. Sonic Foundry CEO Joe Mozden, Jr. commented, "While we are disappointed in the Nasdaq delisting, this does not deter us from our long-term strategy of transforming Sonic Foundry into a high-growth company by launching new businesses and services. To that end, we are excited about the progress we have made with our newest businesses, Global Learning Exchange and Vidable. Each addresses real-world challenges in their respective markets where we continue to draw interest from prospects and are now starting to secure our first contracts."
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PRPL | Hot Stocks16:06 EST Purple Innovation announces positive Black Friday/Cyber Monday weekend - Purple Innovation announced positive year-over-year sales results for the Black Friday through Cyber Monday period (November 24-27, 2023) and reiterated its 2023 full year outlook. "The momentum that has been building in our business since the launch of our Path to Premium Sleep strategy earlier this year has accelerated in the fourth quarter, most notably over the key Black Friday / Cyber Monday long weekend," said CEO Rob DeMartini. "This was the first key holiday selling period when our new product portfolio and enhanced brand positioning were fully deployed across all distribution channels and all doors, and the results were positive. For the four days following Thanksgiving, we achieved high teens and high single-digit sales gains in our showroom channel and our eCommerce channel, respectively, and the sell-through feedback we received from our wholesale partners indicate that our balance of share was up meaningfully. Importantly, overall demand for our highest priced mattresses was strong, underscoring the traction we are making evolving Purple into a formidable player in the premium and luxury sleep space."
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PTC | Hot Stocks16:05 EST PTC COO Ditullio sells 6,978 common shares - In a regulatory filing, PTC president and COO Michael Ditullio disclosed the sale of 6,978 common shares of the company on December 1 at a price of $159.43 per share.
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SOFO | Hot Stocks16:05 EST Sonic Foundry announces delisting from Nasdaq - Sonic Foundry "announced that the Company received a final delisting notice from Nasdaq on December 1, 2023. The delisting is a result of failure to satisfy the $1.00 minimum bid price listing requirement in Nasdaq Listing Rule 5550(a)(2) and failure to comply with Nasdaq's $2,500,000 minimum stockholders' equity requirement for continued listing or any of the alternative requirements in Listing Rule 5550(b). Suspension of trading in the Company's common stock on the Nasdaq exchange will be effective at the open of trading on December 5, 2023."
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FLR DOW | Hot Stocks16:04 EST Fluor awarded two contracts from Dow - As previously announced and recognized in the third quarter on a confidential basis, Fluor Corporation (FLR) was awarded two contracts from Dow (DOW) for the construction of the world's first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada. The reimbursable services contracts represent a total value of more than $3B and consist of engineering, procurement and construction management for a new ethylene cracker unit and for the associated utilities, power and infrastructure facilities. The overall program also includes the expansion and retrofit of Dow's existing manufacturing facilities. Dow announced in November that its board of directors declared the Final Investment Decision for the project, which is part of Dow's Path2Zero program, intended to lower the greenhouse gas emissions of its manufacturing facilities while growing capacity and delivering low-emissions products to customers.
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FELE | Hot Stocks16:02 EST Franklin Electric acquires assets of Action Manufacturing & Supply, no terms - Franklin Electric announced that its wholly owned subsidiary, Franklin Water Treatment has acquired the assets of Action Manufacturing & Supply, a manufacturer and wholesale distributor of residential water conditioning, filtration, and indoor/outdoor aeration systems since 1980 with operations in Florida and North Carolina. The operating results of the acquired business will be reported in the company's Water Systems business segment. Don Line, President of Franklin Water Treatment commented: "We are excited to incorporate the business of Action Manufacturing & Supply into our existing business as we continue to strengthen and expand our channels and products in key geographic areas for water treatment. Action's commitment to quality and reputation for service excellence aligns with Franklin's customer-driven approach to our businesses." Franklin Water Treatment, provides products, services, and system solutions for residential, commercial, and industrial point of use and point of entry water treatment products, in a wide variety of markets and applications.
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ABCM DHR | Hot Stocks16:02 EST Danaher-Abcam deal approved by High Court of Justice of England and Wales - Abcam (ABCM) entered into a definitive agreement on August 26, 2023 relating to its proposed acquisition by Danaher Corporation (DHR) for $24 per share in cash, to be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The circular in relation to the Scheme was published or made available to Scheme Shareholders on October 5, 2023. Abcam announced announce that the Court has today issued the Court Order sanctioning the Scheme. Closing of the Transaction will occur and the Scheme will become effective upon the Court Order being delivered to the Registrar of Companies, which is expected to occur on December 6, 2023, as previously announced. The last day of trading in Abcam ADSs on Nasdaq is expected to be December 5, 2023, with trading in Abcam ADSs on Nasdaq being suspended by 8.00 a.m. ET on December 6, 2023.
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AZN | Hot Stocks15:54 EST Correction: AstraZeneca is not scheduled to report earnings tomorrow - A prior note that had been tagged with the symbol for AstraZeneca (AZN) recounting the companies scheduled to report earnings before tomorrow's open was issued in error.
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FYBR | Hot Stocks15:34 EST Jana calls for Frontier board to immediately launch review of alternatives - Jana Partners, a shareholder of Frontier Communications, made public a letter sent to Frontier's board of directors, reiterating the "urgent need for the Board to immediately engage in a comprehensive review of strategic alternatives to maximize value for shareholders." The letter states in part: "As we have expressed publicly and in direct conversations with the Company, we believe Frontier's equity is grossly undervalued and that it will continue to underperform if the Board maintains the status quo. Accordingly, we are calling on the Board to immediately commence a comprehensive review of strategic avenues for shareholder value creation, including evaluating a sale transaction, a strategic partnership/joint venture, and/or the divestiture of non-core copper passings to accelerate Frontier's transition to a pure-play fiber provider. In our view, delaying implementation of corrective actions until next year after the planned investor update reflects a lack of urgency shareholders can ill afford. Importantly, we wish for the Board to pursue whatever option generates the greatest risk-adjusted return for shareholders. Based on our discussions with potential strategic and financial buyers who have indicated interest in participating in a Company-initiated review process, we believe that a bona fide evaluation of strategic alternatives would lead the Board to conclude that a sale transaction offers the best risk-adjusted outcome for shareholders. However, this can only be determined by conducting such a review. A Board-led review of alternatives is certainly preferable to an unnecessarily distracting campaign to force this warranted action. As such, we would be highly supportive of the Board should it commit to this review."
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TXG | Hot Stocks15:24 EST Curio Bioscience to 'vigorously defend' against 10x Genomics' allegations - The company stated, "Curio Bioscience is a leading innovator of high-precision tools for the life sciences industry. Our Curio Seeker product enables whole transcriptome, spatial mapping of fresh frozen tissue at industry-leading resolution and represents the next stage of innovation from our team's inventions of the microarray, stochastic barcoding (unique molecular identifiers), and single cell and spatial tagging and analysis. Our team's inventions of spatial localization of biological targets using barcoding were documented over 15 years ago. We believe that fair competition is a key component to innovation, and we embrace the motivation that it provides for creating the newest and highest-performing products for our customers, while keeping experiment costs reasonable and pushing the frontiers of science to the greatest extent possible. Some companies do not share this sentiment. We have become the latest target in a string of attacks by a company,10x Genomics, with a history of bringing litigation against smaller, innovating companies. We are confident that we do not infringe the patents that 10x is asserting against us and believe that they will be found invalid. We will vigorously defend against 10x's allegations."
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WBD | Hot Stocks14:11 EST Warner Bros. Discovery says 'Barbie' comes to Max on December 15 - Warner Bros. Discovery said that Warner Bros. Pictures' film "Barbie" will make it streaming debut on Max on December 15. The film debuted in theaters on July 21 and broke records as the highest-grossing global release in the studio's 100-year history. "Max is the premiere destination for storytelling, so being able to share the biggest movie of the year in ASL, the first language for many, will make this story resonate in a more meaningful way," said Casey Bloys Chairman and CEO, HBO and Max Content. "By offering sign language interpretation, we will build upon the film's empowering message of inclusiveness and offer a unique viewing experience for the Deaf community to enjoy with family and friends." Reference Link
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IBM PANW | Hot Stocks14:07 EST IBM, Palo Alto Networks announce expanded strategic partnership - IBM (IBM) Consulting and Palo Alto Networks (PANW) announced that they will expand their strategic partnership to "better enable clients to strengthen their end-to-end security postures and navigate evolving security threats." The companies said "Palo Alto Networks, a global cybersecurity leader, will be in a select group of strategic IBM Consulting partners and IBM Consulting will be a premier security services partner for Palo Alto Networks... As part of this relationship, the companies will jointly offer enhanced security solutions delivered by IBM Consulting Cybersecurity Services, integrating Palo Alto Networks security technologies. The expanded partnership will initially focus on two key areas: helping companies modernize their security operations and securing cloud transformations."
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NFLX | Hot Stocks13:44 EST Netflix co-CEO says about 15M monthly active users on ad tier - Speaking at the UBS Global TMT Conference, Netflix co-CEO Ted Sarandos said when asked on priorities looking out into 2024, according to a transcript of the event: "Well, kind of to kick off there, the priority is really strength -- continuing to strengthen the core. So improving the selecting process, improving the content. I'm very proud of our films, our series and all that growth, but I think there's plenty of room to grow in terms of constantly improving it. And we see that through improved engagement across the content that we're investing in. We're looking also to diversify our revenue pool through advertising, getting that ad tier to scale. Today, we have about 15 million MAUs. It's grown from -- we had 5 million just in May. So you can see the kind of rate of growth that we're talking about. But we're also -- and along the way, we've got to create products that consumers love and that advertisers love, too. So you saw recently, we did the deal with Nielsen to give them better measurement tools and getting better insight tools. And then we've got to create better and better products for them that differentiate us from everybody else. They want to be though -- I believe our advertisers want to be as close as they can to the brands that people love. And the chances in entertainment that, that's going to happen are much higher on Netflix than anywhere else in the world."
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RTX | Hot Stocks13:06 EST RTX secures $8M DARPA contract from Department of Defense - RTX will help the Department of Defense address systemic risk in the procurement and delivery of supplies under an $8 million DARPA contract. The work will be performed by the company's Raytheon BBN Technologies unit. Under the Resilient Supply-and-Demand Networks contract, Raytheon BBN will develop a robust modeling and simulation tool that uses historical and behavioral survey data to predict the impact of and develop mitigations for shocks to supply demand networks. This is the first global supply chain stress test framework created for this purpose.
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FE | Hot Stocks12:59 EST Mon Power, Potomac Edison reach settlements for tree-trimming, fuel costs - Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp., have filed settlement agreements with the West Virginia Public Service Commission that would resolve two outstanding rate proceedings and emphasize the companies' continued focus on delivering safe, reliable and affordable power. Jim Myers, president of FirstEnergy's West Virginia operations: "We're pleased to have reached agreements that allow us to continue making the important investments that support our commitment to a smarter energy future while minimizing the impact on customer bills. Continued focus on cost management and careful planning will help us keep our West Virginia rates the lowest among investor-owned utilities in the state and lower than the national average." One of the proposed settlements reflects a two-year update of costs related to Mon Power and Potomac Edison's vegetation management program. The other proposed settlement encompasses an adjustment to the Expanded Net Energy Cost rate that reflects higher fuel and purchased power expenses incurred by the companies.
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GAIA | Hot Stocks12:32 EST Gaia launches artificial intelligence powered search engine - Gaia announced the launch of a new artificial intelligence powered search engine. The engine is "trained on categorical metadata and transcripts, unlocking the power of the world's largest transformational conscious media library of over 10,000 titles in English, Spanish, French and German," the company said in a statement. It added, "Members can now enter natural language queries related to their transformational interests and quickly uncover the most relevant films, series episodes, yoga classes, or documentary content to stream. As Gaia's AI technology continues learning users' preferences, it delivers increasingly tailored recommendations over time. This continues the brand's focus on establishing itself as the world's leading player in the conscious and transformative media space."
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GAIA | Hot Stocks12:31 EST Gaia names James Colquhoun as CEO - Gaia announced that it has appointed James Colquhoun as Chief Executive Officer. Colquhoun has served as Gaia's Chief Operating Officer since June 2023. He founded and served as FMTV's Chief Executive Officer until FMTV was acquired by Gaia in June 2019.
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IXHL | Hot Stocks12:30 EST IXHL Stock trading resumes
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LRLCY | Hot Stocks12:21 EST L'Oreal completes acquisition of research company Lactobio - L'Oreal announced that it has completed the acquisition of Lactobio, a leading probiotic and microbiome research company based in Copenhagen. L'Oreal said that the strategic acquisition "builds on 20 years of advanced research by L'Oreal into the microbiome scientific territory, deepening its knowledge of the microorganisms that live on the skin's surface and reinforcing the Groupe's leadership in this field. The acquisition also opens up new scientific opportunities, including leveraging Lactobio's microbiome expertise and significant IP portfolio to develop safe and effective new cosmetic solutions using live bacteria." Terms of the deal were not disclosed. Reference Link
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MSS | Hot Stocks12:20 EST Maison Solutions Inc trading resumes
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IXHL | Hot Stocks12:20 EST IXHL Stock trading halted, volatility trading pause
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MSS | Hot Stocks12:15 EST Maison Solutions Inc trading halted, volatility trading pause
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GOL | Hot Stocks12:00 EST Gol Linhas falls -9.1% - Gol Linhas is down -9.1%, or -34c to $3.35.
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MNSO | Hot Stocks12:00 EST Miniso falls -11.1% - Miniso is down -11.1%, or -$2.69 to $21.55.
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ALK | Hot Stocks12:00 EST Alaska Air falls -15.3% - Alaska Air is down -15.3%, or -$6.07 to $33.66.
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ANVS | Hot Stocks12:00 EST Annovis Bio rises 10.4% - Annovis Bio is up 10.4%, or 88c to $9.37.
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CVNA | Hot Stocks12:00 EST Carvana rises 11.1% - Carvana is up 11.1%, or $3.89 to $39.09.
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BODY | Hot Stocks12:00 EST Beachbody Company rises 11.3% - Beachbody Company is up 11.3%, or 83c to $8.26.
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HIMS | Hot Stocks11:46 EST Hims & Hers unveils 'Weight Loss by Hims & Hers' holistic program - Hims & Hers Health earlier unveiled "Weight Loss by Hims & Hers," which it calls "a comprehensive and customizable clinical approach specifically designed to help people achieve their individual weight-loss goals." The company also announced that Craig Primack, MD, FACP, FAAP, FOMA, whom it calls "a pioneer in the field of clinical obesity medicine," has joined the company as SVP of Weight Management. Weight Loss by Hims & Hers is designed to uniquely fit each customer's biology. Our program doesn't rely on fad diets or magic fixes, but is built for people to get the results they want without gambling with their health. True to the promise of our brand, we're bringing together the industry's best clinical minds and leveraging years of scientific evidence to create an accessible approach that we believe will improve health outcomes, keep people engaged and build greater trust over time," said Andrew Dudum, CEO and co-founder of Hims & Hers. Weight Loss by Hims & Hers marks the second major category expansion for the company over the past few months, following the launch of Heart Health by Hims in August, the company noted.
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HNST | Hot Stocks11:43 EST Honest Company broadens partnership with Tinuiti - Tinuiti, an independent performance marketing firm across Streaming TV, Google, Meta, and Amazon, has expanded its scope of work with The Honest Company. As The Honest Company's official Paid Media Agency, Tinuiti currently oversees the business' Paid Search, Shoppable Media, Paid Social, Affiliate, Marketplaces, and Analytics. Erin Thoensen, Vice President, General Manager Baby + Home at The Honest Company, said: "As we grow in our partnership with Tinuiti we're excited to leverage our teams' shared expertise and the collaboration that we've established over the years. Together, we've been able to create efficiencies, while also identifying weaknesses, allowing us to navigate to creative and innovative solutions- and that has been a recipe for success. We feel confident this partnership will continue to carry us into the future successfully."
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NVOS | Hot Stocks11:33 EST Novo Integrated Sciences receives court approval for Ophir Collection agreement - Novo Integrated Sciences announced the United States District Court for the Central District of California has approved the Purchase and Sale Agreement which provides for the Company to acquire a certain collection of 43 gemstones, 42 of which are certified by the Gemological Institute of America, known as the "Ophir Collection," for $60,000,000. The PSA was entered into on November 21, 2023, between the Company and Blake Alsbrook, solely in Seller's capacity as Court-appointed Successor Receiver in Ocean Thermal Energy Corporation v. C. Robert Coe II, et al., United States District Court for the Central District of California, Case No. 2:19-cv-04299 VAP. The PSA was previously disclosed by the Company in a Form 8-K filing, dated November 27, 2023.
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ENGN | Hot Stocks11:03 EST iShares Industrials Sector Bond Fund trading resumes
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ENGN | Hot Stocks10:58 EST iShares Industrials Sector Bond Fund trading halted, volatility trading pause
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BMBL | Hot Stocks10:07 EST Bumble adds 'Plans', AI-powered conversation starters to Bumble For Friends - Bumble For Friends adds two notable updates, AI-generated conversation starters and Plans, to get offline and make local friends. Bumble For Friends is rolling out a highly-requested feature known as Plans, which helps members meet IRL with groups of up to 15 people. Whether you're planning a monthly book club or seeking concert buddies, Plans simplifies the process of organizing and participating in group get-togethers. For anyone navigating being new to an area or starting afresh, finding like-minded individuals to do things with can be a challenge; Plans on Bumble For Friends helps solve that problem by facilitating connections to nearby group activities. Additionally, Bumble For Friends is making it faster to get conversations going with new friends. Powered by artificial intelligence, Bumble For Friends' new personalized conversation starters assist with crafting the perfect icebreaker to initiate a conversation. This feature is currently available in English.
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GEHC | Hot Stocks10:03 EST GE HealthCare, AirStrip enter joint commercialization agreement - GE HealthCare and AirStrip announced a joint commercialization agreement. GE HealthCare is now the exclusive distributor of AirStrip Cardiology and Patient Monitoring solutions in the U.S., offering data visualization technology that healthcare systems can purchase together. The companies said, "AirStrip is a unique and propriety native mobile application that allows clinicians to see clinical data on mobile devices and the web. With one-touch access, clinicians can access cardiac rhythm strips and 12-lead ECGs, view multiple patients simultaneously, receive STEMI notifications, communicate with the care team, and much more. The combination of GE HealthCare and AirStrip provides a tightly integrated toolset under one solution set. It brings together the wide range of GE HealthCare's innovative and accurate ECG, cardiac output, and patient monitoring products with AirStrip's advanced data visualization and monitoring capabilities - all available to clinical care teams on mobile devices and the web. Additionally, healthcare systems can benefit from access to GE HealthCare's Outcomes Delivery Team, who provide program management support through clinical and technical implementation with ongoing customer success metrics. Healthcare systems can work with the Outcomes Delivery Team during the purchasing process to establish performance benchmarks and evaluate results."
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SGBX SGD | Hot Stocks10:03 EST Safe & Green enters into contribution agreement to form JV - Safe & Green Holdings (SGBX) announced that its subsidiary, Safe and Green Development Corporation (SGD), has agreed to enter into a contribution agreement with an affiliate of MNO Partners to form a joint venture to develop the Lago Vista property. The cost to fully develop the property is estimated to be approximately $80M, which includes the development of the project from conception to completion. The Lago Vista property was originally purchased by SG DevCo's subsidiary for $3.5M in 2021. Pursuant to the terms of a Contribution Agreement, SG DevCo's subsidiary will contribute the property to the JV and receive as consideration for the property contribution a membership interest in the JV valued at $11.5M. MNO Partners will lead the development process and, after the completion of the feasibility period, will be required to submit permits for the first phase of the project within 11 months from the execution of the Contribution Agreement. It is anticipated that the JV will secure construction financing, which is a condition to the closing of the JV. The primary focus during the early stages of design include luxury condos and the marina. David Villarreal, President & CEO of Safe and Green Development Corporation, stated, "We are excited about this partnership as we're making progress and aiming to develop the project to serve as a model of sustainable, community-focused development amid our portfolio. Our JV partner will be contributing financial resources to the development of this project. Their financial commitment to the project strengthens our joint capacity to execute successfully and deliver on the project. The initial estimate for the total project cost is approximately $80M. We believe this collaboration will generate significant value for SG DevCo and its stockholders."
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SGBX | Hot Stocks10:01 EST Safe & Green enters into contribution agreement to form JV - Safe & Green Holdings announced that its subsidiary, Safe and Green Development Corporation, has agreed to enter into a contribution agreement with an affiliate of MNO Partners to form a joint venture to develop the Lago Vista property. The cost to fully develop the property is estimated to be approximately $80M, which includes the development of the project from conception to completion. The Lago Vista property was originally purchased by SG DevCo's subsidiary for $3.5M in 2021. Pursuant to the terms of a Contribution Agreement, SG DevCo's subsidiary will contribute the property to the JV and receive as consideration for the property contribution a membership interest in the JV valued at $11.5M. MNO Partners will lead the development process and, after the completion of the feasibility period, will be required to submit permits for the first phase of the project within 11 months from the execution of the Contribution Agreement. It is anticipated that the JV will secure construction financing, which is a condition to the closing of the JV. The primary focus during the early stages of design include luxury condos and the marina. David Villarreal, President & CEO of Safe and Green Development Corporation, stated, "We are excited about this partnership as we're making progress and aiming to develop the project to serve as a model of sustainable, community-focused development amid our portfolio. Our JV partner will be contributing financial resources to the development of this project. Their financial commitment to the project strengthens our joint capacity to execute successfully and deliver on the project. The initial estimate for the total project cost is approximately $80M. We believe this collaboration will generate significant value for SG DevCo and its stockholders."
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HUBC | Hot Stocks09:56 EST HUB Security names Noah Hershcoviz as new CEO - HUB's board has unanimously appointed Noah Hershcoviz as the new CEO. Noah currently serves as the company's Chief Strategy Officer and a member of its Board of Directors, and his deep understanding of the company's vision and his strategic acumen position him as an exceptional candidate to lead HUB Security into its next growth phase. His appointment is effective immediately. Noah was formerly a member of the EY Transaction Advisory team and has global banking and business experience with multi-billion-dollar international public companies and IPOs. Simultaneously, Uzi Moscovich, who was the Chairman of the Board up till 11 months ago, and played a crucial role in navigating HUB Security through multiple challenges and restoring stability following the termination of the previous CEO, will be assuming back the role of Active Director on the board.
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EPSN | Hot Stocks09:56 EST Epsilon Energy provides operational update - In Ector County, Texas, the two recently completed wells have now been flowing for over 40 days. To date, the wells have produced approximately 71,000 BOE combined. Currently, the wells are flowing over 2,500 BOEPD combined. Epsilon holds a 25% WI and 18.75% NRI. Jason Stabell, Epsilon's CEO, commented, "Although still early days, these results exceed our pre-drill estimates and confirm the potential of the nearby large 11,000 acre position where we hold the same interest. We estimate 20-30 gross remaining undeveloped locations there. We are very excited about our plans to drill up to four gross wells in Ector County in 2024. In Pennsylvania, the first three wells are now drilled, and drilling is underway on the remaining four. All seven wells are expected to be completed in the first half of 2024. We expect this activity to add meaningfully to NRI production from the Auburn area."
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BITI | Hot Stocks09:47 EST Biotie Therapies falls -7.1% - Biotie Therapies is down -7.1%, or -$1.02 to $13.34.
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NOK | Hot Stocks09:47 EST Nokia falls -7.3% - Nokia is down -7.3%, or -26c to $3.23.
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ALK | Hot Stocks09:47 EST Alaska Air falls -17.9% - Alaska Air is down -17.9%, or -$7.10 to $32.63.
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SAIC | Hot Stocks09:47 EST SAIC rises 7.8% - SAIC is up 7.8%, or $9.37 to $129.29.
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SPOT | Hot Stocks09:47 EST Spotify rises 9.0% - Spotify is up 9.0%, or $16.26 to $196.95.
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CVNA | Hot Stocks09:47 EST Carvana rises 9.9% - Carvana is up 9.9%, or $3.49 to $38.69.
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GSIW | Hot Stocks09:41 EST Garden Stage Ltd trading resumes
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DUNE | Hot Stocks09:40 EST Dune Acquisition Corp trading resumes
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CLIN | Hot Stocks09:39 EST Clean Earth Acquisitions Corp trading resumes
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NEXI | Hot Stocks09:38 EST Neximmune Inc trading resumes
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WYY | Hot Stocks09:37 EST WidePoint's IT Authorities awarded $216,000 contract from healthcare provider - WidePoint Corporation announced that its subsidiary IT Authorities has been awarded a new three-year contract initially valued at $216,000 from a mobile healthcare provider.
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ADEX | Hot Stocks09:36 EST Adit EdTech Acquisition Cor trading resumes
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KSCP | Hot Stocks09:36 EST Knightscope hires Basile Law to investigate activities around stock performance - Knightscope has retained attorney Mark R. Basile and his short and distort securities litigation firm, The Basile Law Firm P.C., to investigate recent activities surrounding the Company's stock performance and to take whatever legal action necessary to prevent potential market participants from utilizing unlawful means to further hurt retail investors, including the recently published research papers by Capybara Research.
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CLIN | Hot Stocks09:34 EST Clean Earth Acquisitions Corp trading halted, volatility trading pause
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DDC | Hot Stocks09:34 EST DDC Enterprise board approves share repurchase program up to 500,000 shares - DDC Enterprise announces that its Board of Directors approved a 10b-18 share repurchase program with authorization to purchase up to 500,000 of the Company's Class A Ordinary Shares. This plan is effective immediately for up to a one-year period.
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NEXI | Hot Stocks09:33 EST Neximmune Inc trading halted, volatility trading pause
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GTBP | Hot Stocks09:32 EST GT Biopharma announces IND submission for GTB-3650 - GT Biopharma announced the submission of an Investigational New Drug application with the FDA for the development of GTB-3650, a 2nd generation nanobody TriKE for the treatment of patients with CD33+ leukemia, including relapsed/refractory acute myelogenous leukemia and high-risk myelodysplastic syndrome.
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ADEX | Hot Stocks09:31 EST Adit EdTech Acquisition Cor trading halted, volatility trading pause
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GSIW | Hot Stocks09:31 EST Garden Stage Ltd trading halted, volatility trading pause
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CCLD | Hot Stocks09:31 EST CareCloud appoints Justin Pierce as CSO - CareCloud announced the appointment of Justin Pierce as its new chief sales officer. In this role, Pierce will be responsible for driving sustainable revenue growth and enhancing CareCloud's position in the rapidly evolving healthcare landscape.Pierce brings more than two decades of experience in the healthcare technology and services industry, having held leadership positions at Azalea Health, abeo, and Ventra Health.
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DUNE | Hot Stocks09:30 EST Dune Acquisition Corp trading halted, volatility trading pause
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XPOF | Hot Stocks09:26 EST Xponential Fitness to acquire metabolic health brand Lindora, no terms - Xponential Fitness announced that it has agreed to acquire Lindora, a leading metabolic health brand. Under the terms of the transaction, the 31 existing Lindora clinics will become Xponential franchise locations. Xponential will acquire all of the intellectual property of Lindora and plans to franchise the brand nationally and globally. Given the strong cashflow of the existing Lindora locations, the acquisition is anticipated to be immediately accretive on both an AUV and an Adjusted EBITDA basis.
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TWLO | Hot Stocks09:22 EST Twilio to end-of-life Twilio Programmable Video as standalone product - The company said: "Given it's such a niche area and a relatively small part of our portfolio, we believe partnering with video industry leaders is the best way to ensure long-term product innovation for our customers. Removing Programmable Video from our portfolio will also allow Communications to more effectively focus on our pillar products - Messaging, Voice, and Email."
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LKQ | Hot Stocks09:22 EST LKQ Corp. appoints John Meyne as SVP, President of wholesale, North America - LKQ Corporation previoulsy announced that Justin Jude, the Company's current SVP and President of its Wholesale - North America segment, has been appointed to serve as LKQ's EVP and COO from January 1, 2024 until he officially succeeds Dominick Zarcone as President and CEO of LKQ on July 1, 2024. Today, the Company is announcing two additional leadership appointments. First, the Company's Board of Directors has appointed John Meyne, currently the East Division Vice President of LKQ's Wholesale - North America segment, to serve as SVP of LKQ and President of Wholesale - North America effective January 1, 2024. Additionally, the Board has appointed Andy Hamilton, currently the CEO of LKQ's Euro Car Parts business in the United Kingdom and Republic of Ireland, to serve as SVP of LKQ and President and Managing Director of LKQ Europe effective January 1, 2024. Mr. Hamilton will be succeeding Varun Laroyia, EVP of LKQ and CEO and Managing Director of LKQ Europe. Mr. Laroyia has informed the Board of his intention to resign from his current positions effective December 31, 2023
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TWLO | Hot Stocks09:19 EST Twilio CEO says has 'underachieved' on growth in TD&A - In a letter to employees, Twilio CEO Jeff Lawson said the company has underachieved on growth in TD&A, "so we're taking some steps to create a more effective GTM motion for Flex and recalibrate our investments in Segment, which combined will unfortunately mean parting ways with approximately 5% of Twilio's workforce." Lawson said: "The decision to eliminate these roles was a hard one, but we're confident it's in the best interest of our customers and the long-term health of our business. At the same time, we're opening up more AE roles inside of Communications and I encourage all sellers impacted by these changes to apply."
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MULN | Hot Stocks09:19 EST Mullen hires Basile Law to review prior financings, provide strategic review - Mullen Automotive has hired Mark R. Basile, Esq. and his law firm, The Basile Law Firm P.C., to assist the Company in reviewing its current fundings and to make recommendations in developing its floorplan for future fundings.
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F | Hot Stocks09:18 EST Ford reports November U.S. sales down 0.5% to 145,559 vehicles - Ford reports total November U.S. sales of 145,559 vehicles, down 0.5% from 146,364 last year. Ford reports U.S. electric vehicle sales of 8,958 in November, up 43.2%, hybrid vehicle sales of 12,108, up 75.2% and internal combustion vehicle sales of 124,493, down 6.5% from the same month of last year. Reference Link
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USIO | Hot Stocks09:18 EST Usio enters strategic partnership with Genius Avenue - Usio announced it had entered into a strategic partnership with Genius Avenue, a benefits administration company. Genius Avenue has selected Usio to power their new FinTech solution focused on regulated enterprise businesses particularly in insurance, benefits, and healthcare. This unique new solution will leverage Usio's technology to deliver a suite of payment capabilities, including ACH payment processing and a prepaid card program for digital disbursement, as well as other innovative financial management tools, such as commission automation. All of these capabilities will be integrated with Genius Avenue's advanced member management and sales platforms. This partnership will increase the value delivered to end users by enhancing the financial capabilities and improving the experience of customers.
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TMTC | Hot Stocks09:17 EST TMT Acquisition enters merger agreement with eLong Power - TMT Acquisition Corpand eLong Power Holding announced that they have entered into a definitive business combination agreement, dated December 1, 2023, that will result in eLong Power becoming a publicly traded company. Huizhou Yipeng Energy Technology Co., is the operating entity of eLong Power. Upon the closing of the transaction, the combined company is expected to be named eLong Power Inc. and its securities are expected to be listed on the Nasdaq Stock Exchange. The transaction has been approved by the Board of Directors of both companies and is expected to close in the first half of 2024. The Company, founded in 2014, develops disruptive battery technologies for commercial and specialty vehicles as well as energy storage systems, with research and development and production capabilities that span multiple battery cell chemistries, modules and packs. The Company's lower-cost, high power and fast-charging batteries are designed specifically for commercial electric vehicles and large-scale energy storage system. The Company's battery solutions are powered by its broad, proprietary intellectual property portfolio, which is fully owned and protected by numerous patents and other intellectual properties. Due to its highly differentiated, vertically integrated R&D and industrialization system, the Company believes it delivers faster product development, tighter cost control and greater customization to its customers than does its competitors. As a result, the Company is supported by marquee strategic partnerships with industry leaders. The business combination transaction with TMTC is expected to provide the Company with access to the U.S. public equity markets and thereby accelerate its business expansion and position the Company to explore additional growth and value creating opportunities. Pursuant to the proposed business combination agreement, a subsidiary of TMTC will be merged with and into eLong Power, the result of which eLong Power will become a wholly-owned subsidiary of TMTC, with the newly combined publicly traded company to be named eLong Power Inc. In the transaction, all shares of eLong Power would be converted into ordinary shares of the newly combined entity. As a result, upon closing, eLong Power's shareholders would receive 45,000,000 ordinary shares of the new eLong Power Inc., which, at an implied value of $10.00 per share, would represent $450 million in equity. In addition, eLong Power's majority shareholder is entitled to receive up to 9,000,000 ordinary shares of the combined company upon the achievement of certain revenue-based milestones during calendar years 2024 and 2025. At closing, any cash remaining in TMTC's trust account will be contributed to eLong Power to support ongoing operations and planned business expansion efforts. References to available cash from the TMTC trust account and retained transaction proceeds are subject to any redemption by the public shareholders of TMTC ordinary shares and payment of transaction fees and expenses. TMTC and eLong Power have agreed to work together to pursue commitments for a private placement of equity financings of up to $15 million. The transaction, which has been unanimously approved by both Boards of Directors of eLong Power and TMTC, is subject to approval by the shareholders of TMTC and other customary closing conditions. The proposed business combination is expected to be completed in the first half of 2024.
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TWLO | Hot Stocks09:17 EST Twilio to cut workforce by about 5% - In a regulatory filing, Twilio said it has committed to a further workforce restructuring plan intended to streamline operations and accelerate the company's path to delivering profitable growth. The December Plan includes the elimination of approximately 5% of the company's current workforce. As a result of the December Plan, the company estimates that it will incur approximately $25M-$35M in charges in connection with the workforce reduction, consisting of expenditures for employee transition, notice period and severance payments, employee benefits, and related facilitation costs, substantially all of which are expected to result in future cash outlays. The company expects that the majority of the restructuring charges related to the December Plan will be incurred in the fourth quarter of 2023 and that the execution of the December Plan, including cash payments, will be substantially complete by the end of the first quarter of 2024.
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TWLO | Hot Stocks09:16 EST Twilio to cut about 5% of current workforce
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FACO | Hot Stocks09:14 EST First Alliance Corporation to sell retail insurance agency operations to Alliant - First Acceptance Corporation announced that, on December 1, 2023, it sold its wholly owned subsidiary, Acceptance Insurance Agency of Tennessee, to Alliant Insurance Services, for cash consideration of up to $120 million, consisting of $55 million paid at closing, $20 million to be paid throughout 2024, and up to $45 million paid at the end of each year over the next three years based upon achievement of certain annual production targets. AITN, the retail sales agency operations subsidiary of FACO, principally sells non-standard automobile insurance and related products through employee-agents operating from 288 leased retail locations in 13 states. The insurance sold by AITN is underwritten and serviced by the FACO insurance companies known as the First Acceptance Insurance Group and through third-party carriers for which it receives a commission. The purchase agreement provides that, effective December 1, 2023, Confie, a portfolio company of Alliant, and certain of its affiliates, will operate as independent agents for the First Acceptance Insurance Group's non-standard automobile insurance products written through AITN. Following this transaction, these insurance companies will sell non-standard personal automobile insurance written solely through independent agents.
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AMLX | Hot Stocks09:09 EST Amylyx announces data showing effect of AMX0035 on biomarkers in ALS - Amylyx Pharmaceuticals announced the publication of analyses performed on neuroinflammatory biomarkers using plasma samples from participants with amyotrophic lateral sclerosis ALS from the Phase 2 CENTAUR trial. These findings were published in the peer-reviewed medical journal, Journal of Neurology, Neurosurgery and Psychiatry. During the CENTAUR trial, plasma samples were prospectively collected from trial participants for future biomarker analyses. Post hoc analyses were conducted to look at the impact of AMX0035 on biomarkers shown to correlate with ALS disease progression, including chitinase biomarkers such as YKL-40 , chitinase 1 CHIT1 , and the systemic inflammatory biomarker C-reactive protein . The results of these post hoc analyses demonstrated a significant reduction in plasma concentrations of YKL-40 and CRP, but not CHIT1, over 24 weeks, with reductions observed as early as Week 12 in participants from the CENTAUR trial. Of the 135 participants in the modified intent-to-treat population of the CENTAUR trial, 126 had plasma samples available for these analyses. The analyses showed that geometric least squares mean YKL-40 and CRP plasma concentrations were 10% and 17% lower, respectively, at Week 12 and approximately 20% and 30% lower, respectively, at Week 24 in the AMX0035 versus placebo group. YKL-40 and CRP concentrations correlated with ALSFRS-R total score and ALSFRS-R slope. Geometric LS mean CHIT1 plasma levels were not significantly different between treatment groups. Further analyses of neuroinflammatory biomarkers are planned in the ongoing Phase 3 PHOENIX trial to confirm these results.
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JNVR | Hot Stocks09:08 EST Janover launches first AI chatbot SaaS moel - Janover announced that its now offering its AI chatbot interface under a software-as-a-service model to a select number of commercial lenders. The first collaboration is with Gelt Financial, a leading and innovating commercial real estate lender providing debt to real estate owners across the U.S. Janover has named its AI, Burrito, as each conversation "ought to be unique and delicious" says CEO Blake Janover.
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NAOV | Hot Stocks09:08 EST NanoVibronix enters LOI with Apogepha to explore European distribution - NanoVibronix announced that it has entered into a non-binding letter of intent, or LOI, with Apogepha Arzneimittel in which both parties will analyze the potential for Apogepha to distribute NanoVibronix's premiere UroShield product in Germany and other European markets. With a history that dates back over 100 years, Apogepha has established itself as a high quality, dedicated specialist in the field of urology. Under the terms of the LOI, Apogepha will commence a comprehensive market evaluation on how UroShield fits into the pathway of care for patients with long term catheters. The goal of the LOI, and subsequent findings, will be for both NanoVibronix and APOGEPHA to better understand the feasibility of a distribution deal between both companies.
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RIOT | Hot Stocks09:07 EST Riot announces purchase of 17 EH/s, secures long term supply of hash rate - Riot Platforms announced that it has executed a purchase option and updated its long-term purchase agreement with MicroBT Electronics Technology, through its manufacturing subsidiaries, a prominent manufacturer of Bitcoin miners. Under the purchase order, Riot will receive 66,560 latest generation miners from MicroBT, representing a total of 18 EH/s, in addition to the previously announced purchase of 33,280 miners. The expected schedule for these two purchase orders is outlined below: Q1 2024: Deployment of the previously announced purchase order of 33,280 MicroBT miners begins; H2 2024: Delivery and deployment begins for the new purchase order of 66,560 additional MicroBT miners; H2 2025: Deployment of miners under all current purchase order to be completed, Riot's self-mining hash rate capacity to exceed 38 EH/s
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CARG | Hot Stocks09:06 EST CarGurus finalizes acquisition of CarOffer - CarGurus announced it has completed the acquisition of CarOffer, purchasing the remaining minority equity interests for $75 million. Zach Hallowell, a seasoned digital wholesale market leader, has assumed the role of Chief Executive Officer, CEO, for CarOffer. "With this transaction complete, we believe we are well-positioned to accelerate our momentum in delivering solutions that streamline and enhance the dealer-to-dealer and consumer-to-dealer transaction experience," said Hallowell. "I look forward to leading the integration between the CarOffer and CarGurus teams to advance these goals for the benefit of our customers." CarGurus acquired a 51% interest in CarOffer in January 2021 and announced plans on November 7, 2023 to accelerate the purchase of the remaining stake with the intent of capturing growing product and data opportunities, along with other synergies between the two platforms. Together the companies plan to build innovative solutions that power CarGurus' development of a transaction-enabled platform that supports dealers and consumers through every stage of the automotive lifecycle.
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UCAR | Hot Stocks09:06 EST U Power prices 10M units at $1.20 in registered follow-on offering - U Power announced the pricing of its best-efforts follow-on offering of up to 10,000,000 units at a purchase price of $1.20 per unit. Each unit consists of one ordinary share of the Company, one Series A warrant to purchase one ordinary share of the Company, and one Series B warrant to purchase one ordinary share of the Company. The Series A warrants will be immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of$1.20, and the Series B warrants will be immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of $1.54. The Company expects to close the Offering on or about December 6, 2023, subject to the satisfaction of customary closing conditions. The Company expects to receive aggregate gross proceeds of $12,000,000 from the Offering, excluding expenses associated with the Offering. Proceeds from the Offering will be used for merger and acquisition of battery swapping companies, and working capital and other general corporate purposes. Univest Securities is acting as the placement agent for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. securities counsel to the Company, and Ortoli Rosenstadt LLP is acting as U.S. counsel to Univest, in connection with the Offering.
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CHKP | Hot Stocks09:05 EST Check Point announces partnership with Denver Broncos - Check Point Software Technologies announced that the Denver Broncos, a professional football club in the National Football League, depend on Check Point's cyber security portfolio to protect Empower Field at Mile High, the team and staff. With a combination of Check Point CloudGuard, Quantum and Harmony, the Broncos will leverage a unified platform that provides a single pane of glass to seamlessly protect their network, perimeter and cloud applications. "During games and concerts, we push up to 25 terabytes of WiFi data through the firewalls. We rely on Check Point to quarterback our security by proactively preventing cyberattacks from disrupting operations," said Russ Trainor, Senior Vice President of Information Technology at the Denver Broncos. Harmony Endpoint and CloudGuard provide the Broncos' IT team with the full visibility of the stadium's connected devices and cloud-based applications that is needed to deliver a seamless fan experience, while also driving efficiency for the team.
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AMN | Hot Stocks09:03 EST AMN Healthcare partners with ALTA for language proficiency testing, service - AMN Healthcare Language Service announced its partnership with ALTA Language Services, a language and cultural solutions company that provides translation, medical interpreter training and language testing services. Through the partnership, AMN Language Services will now offer language proficiency testing for hospital and healthcare systems through a new platform that evaluates and qualifies their bilingual staff and full-time interpreters, solidifying their position as the go-to resource for comprehensive language solutions and facilitating compliance with Section 1557 of the Affordable Care Act. The partnership bolsters AMN Language Service's diverse portfolio of products, simplifying the language procurement process for customers by providing the convenience of streamlined invoicing and a one-stop-shop for language services, including translation, video, audio, in-person interpretation, and now language proficiency testing. A recent AMN Healthcare Study shows in an analysis of 204 million minutes of patient interpretation services, that 45 different languages are cited as being among the top ten spoken in patient and provider encounters throughout the country, underscoring the ever-increasing complexity in these encounters.
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LPLA | Hot Stocks09:03 EST LPL Financial: Demetrios Paraskevopoulos joins RIA, custodial platforms - LPL Financial LLC announced today that financial advisor Demetrios Paraskevopoulos has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $230 million in advisory, brokerage and retirement plan assets, and joins LPL from Ameriprise. Based in Mineola, N.Y., Paraskevopoulos joined the financial services industry in 1995 right out of college. The son of Greek immigrants, he knew from an early age that he wanted to go into finance so he could help people work toward their American dream.
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SNES | Hot Stocks09:02 EST SenesTech's ContraPest registered for use in Puerto Rico - SenesTech announces its ContraPest products have been registered for sale and immediate use in Puerto Rico. ContraPest is the first and only EPA-registered rat contraceptive impacting both male and female rats and fits seamlessly into all integrated pest management programs, significantly improving the overall goal of effective pest management.
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SCLX | Hot Stocks09:02 EST Scilex announces addition of ZTlido as preferred agent to Medicaid PDL - Scilex announced that the State of Tennessee added ZTlido as a preferred agent to the Medicaid Preferred Drug List effective as of October 1, 2023.1 This change has the potential to improve access to ZTlido for all eligible patients which includes approximately 1,500,000 adult lives between the ages of 19 to 64.1 "As we continue our commitment to improving access for ZTlido(R), the addition of ZTlido to the Medicaid Preferred Drug List of the State of Tennessee is another important step in the expansion of the use of ZTlido throughout the U.S. Importantly, our diversified portfolio of leading pain management products allows us to offer patients complementary and standalone non-opioid pain management solutions," said Jaisim Shah, Chief Executive Officer and President of Scilex.
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ATNF | Hot Stocks09:02 EST 180 Life Sciences to explore strategic alternatives - 180 Life Sciences has engaged A.G.P./Alliance Global Partners as financial advisor to explore and evaluate strategic alternatives to enhance shareholder value. Potential strategic alternatives that may be explored or evaluated by the Company as part of this process include, but are not limited to, an acquisition, merger, reverse merger, other business combination, sale of assets, licensing or other strategic transactions involving the Company. The Company does not intend to discuss or disclose further developments during this process unless and until its Board of Directors has approved a specific action or otherwise determined that further disclosure is appropriate.
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POCI | Hot Stocks09:01 EST Precision Optics enters licensing pact for cystoscopy robotic surgery system - Precision Optics announced it has signed a production and technology license agreement with a leading surgical robotics company to supply a single-use endoscope assembly used in their cystoscopy robotic surgery system. The agreement arises following joint product development initiatives between the two companies over the past eighteen months, relying heavily on Precision Optics Corporation's unique micro-optics and digital imaging technologies. Production of the endoscope assembly is expected to occur at POC's facilities beginning in the next six to twelve months and to continue for the foreseeable future. Should our customer later decide, however, to transfer production to one of their facilities or to a third-party manufacturer, POC would support the transfer and reap the benefits under the agreement's multi-year royalty provisions governing manufacturing at non-POC facilities.
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CMCM | Hot Stocks08:59 EST Cheetah Mobile acquires 35.17% equity interest of Beijing OrionStar - Cheetah Mobile announced that the company, through two of its wholly-owned subsidiaries, has acquired an aggregate of 35.17% equity interest of Beijing OrionStar Technology Co., Ltd. from certain of the existing shareholders of Beijing OrionStar, including Mr. Sheng Fu, chief executive officer and director of the company. The company previously held a 37.74% equity interest in Beijing OrionStar prior to the completion of the Transaction. In connection with the Transaction, the company paid an aggregate cash consideration of approximately $37.6M to the selling shareholders of Beijing OrionStar, including approximately $1.1M to Mr. Fu. The Transaction was approved by the board of directors of the company and the audit committee of the Board. Upon completion of the Transaction, Sheng Fu ceased to be a direct shareholder of Beijing OrionStar and the company's equity interest in Beijing OrionStar increased to 72.91%. As a result, the company will consolidate the financial results of Beijing OrionStar into its consolidated financial statements starting in December 2023.
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STIM | Hot Stocks08:58 EST Neuronetics's NeuroStar TMS receives expanded regulatory approval in Japan - Neuronetics announced that the Pharmaceuticals and Medical Devices Agency in Japan has approved multiple proprietary innovations, which significantly advance the patient treatment experience with the NeuroStar TMS Therapy System for the treatment of major depressive disorder in Japan. The features covered in this approval include the NeuroStar 3.7 platform, MT Cap, D-Tect MT Accessory, and the Dash treatment protocol.
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VINO | Hot Stocks08:55 EST Gaucho Group appoints Michael Koh to advisory board - Gaucho Group Holdings announced the appointment of Michael Koh to the Advisory Board of Gaucho Holdings. Michael Koh is a distinguished figure in the Argentine luxury real estate sector, recognized for his visionary approach. As the managing partner and founder of Koh Investments, he established ApartmentsBA, Argentina's most respected real estate property management and consulting firm.
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JAGX | Hot Stocks08:51 EST Jaguar Health says FDA approves renewal of Canalevia-CA1 - Jaguar Health announced that the U.S. Food and Drug Administration has approved renewal of Canalevia-CA1. Canalevia-CA1, the company's conditionally approved prescription drug product for the treatment of chemotherapy-induced diarrhea in dogs, is available from multiple veterinary distributors in the U.S., including Chewy. The renewal for conditional approval is in effect until December 21, 2024.
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VEV | Hot Stocks08:50 EST Vicinity Motor announces inclusion of VMC 1200 in Quebec incentive program - Vicinity Motor has been approved by the Quebec Ministry of Transport and Sustainable Mobility in Canada for the VMC 1200 to be included in its Ecocamionnage Program to incentivize the electrification of the commercial freight and heavy vehicle transportation industry "The Ecocamionnage Program specifically targets vehicles like our VMC 1200 with financial incentives to encourage organizations and businesses to electrify their fleets, creating cleaner communities for Canadians everywhere," said William Trainer, Founder and CEO of Vicinity Motor Corp. "As we continue to expand our sales and service network across Canada through new dealership partnerships, this CAD$85,000 incentive represents an exciting opportunity to attract attention and lower costs for new buyers who are considering making the transition to EVs."
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SLS | Hot Stocks08:49 EST Sellas Life Sciences says IDMC recommends continuation of Phase 3 REGAL trial - SELLAS Life Sciences Group announced a review of the ongoing Phase 3 REGAL clinical trial of galinpepimut-S in acute myeloid leukemia by the Independent Data Monitoring Committee. The IDMC performed a routine, prespecified risk-benefit assessment of unblinded data from the study and has recommended that the trial continue without modifications. The IDMC also requested that the survival database be updated immediately prior to the next IDMC meeting, which will take place in Q1 2024, and be provided to the IDMC for its review at the meeting. REGAL is a Phase 3 open-label registrational clinical trial for GPS in AML patients who have achieved complete remission following second-line salvage therapy. The primary endpoint is overall survival. The IDMC is an independent group of medical, scientific, and biostatistics experts who are responsible for reviewing and evaluating patient safety and efficacy data for REGAL, and for monitoring quality and overall conduct to ensure the validity, scientific and clinical merits of the study. The IDMC charter provides for periodic reviews for safety, efficacy, and futility in addition to the interim and final analyses.
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GIFI | Hot Stocks08:47 EST Gulf Island Fabrication board approves $5M share repurchase program - Gulf Island Fabrication announced that its Board of Directors has approved a share repurchase program authorizing the repurchase of up to $5.0 million of the Company's outstanding common stock, effective from December 15, 2023 through December 15, 2024.
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PODC LVO | Hot Stocks08:46 EST PodcastOne acquires multiyear rights to 'Rabia & Ellyn Solve the Case' - PodcastOne has acquired the exclusive multiyear sales and distribution rights to New York Times best-selling author and attorney Rabia Chaudry's and actress Ellyn Marsh's true crime genre podcast, Rabia & Ellyn Solve the Case.
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AREC | Hot Stocks08:45 EST American Resources' ReElement forms ReElement Technologies Africa - American Resources subsidiary, ReElement Technologies Corporation announced the establishment of ReElement Technologies Africa. ReElement Africa will be the parent company for each entity established within certain countries throughout the resource-rich African continent to leverage ReElement's unique and efficient critical mineral refining technology. ReElement Africa's structure provides the Company an efficient platform to incentivize and capitalize each local division and its partners in a way that best benefits local and regional stakeholders while also capitalizing each division at the local level. The Company will form local entities under the ReElement Africa umbrella based on each partnership that is in place.
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FMST | Hot Stocks08:43 EST Foremost Lithium appoints Mason to board of directors - Foremost Lithium Resource & Technology announced the appointment of Douglas Mason, a veteran public company mining executive, to its Board of Directors as an independent director, effective December 04, 2023. Doug has served as a senior officer and director of a number of public companies, bringing 30+ years of extensive capital markets experience to the Foremost Board of Directors, and having assisted in raising hundreds of millions of dollars for such public companies during his tenure with the same. Doug served previously as CEO, President and a director of Clearly Canadian Beverage Corporation, a producer of premium beverage products. In connection with Doug Mason's appointment, the Company has now granted him an incentive option to purchase an aggregate of 20,000 common shares of the Company at an exercise price of CAD $5.47 per common share, expiring three years from the date of grant.
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VSAC NSIM | Hot Stocks08:41 EST Vision Sensing Acquisition announces extension to consummate combination - Vision Sensing Acquisition announced that on November 30, 2023, its sponsor, Vision Sensing, LLC, deposited $60,000 into the Company's trust account, which is the sum that the Company must pay to extend the date by which the Company must consummate its initial business combination from December 3, 2023, to January 3, 2024. The Company has issued to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $60,000 as consideration for the funding. This is 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. The Extension provides the Company with additional time to complete its initial business combination with Newsight Imaging Ltd., an Israeli company and Newsight MergerSub, Inc., a Delaware corporation and wholly owned subsidiary of Newsight, pursuant to a business combination agreement dated August 30, 2022, pursuant to which: Merger Sub will merge into the Company resulting in the Company becoming a wholly-owned subsidiary of Newsight, Newsight will register as a publicly traded company, Newsight's existing shares will be split to facilitate a fully diluted value per Newsight share of US$10.00, the Company's common stock will be exchanged on a one-for-one basis for Newsight Ordinary Shares and warrants to purchase the Company's common stock will instead become eligible to purchase the same number of Newsight Ordinary Shares at the same exercise price and for the same exercise period. The combined company's common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "NSIM".
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SBFM | Hot Stocks08:41 EST Sunshine Biopharma moves principal office to New York City - Sunshine Biopharma announced that it has moved its headquarters to New York City. The Company's Head Office is now located at 1177 Avenue of the Americas, 5th Floor, New York, NY 10036. The Company will maintain a satellite office at its previous headquarters in Montreal at 6500 Trans-Canada Highway, 4th Floor, Pointe-Claire, Quebec, Canada, H9R 0A5 have not changed.
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SHOT AMZN | Hot Stocks08:40 EST Safety Shot now available on Amazon.com, sold out within hours - Safety Shot (SHOT) had sold out within hours after being released on Amazon.com. Safety Shot was released for sale on the e-commerce platform on November 30th, a day earlier than anticipated. Without any announcement made to introduce the beverage on Amazon (AMZN), consumers rapidly placed their orders for delivery and the product was sold out almost immediately. "We've gone live with sales of Safety Shot on Amazon and demand is far higher than we initially expected. We believe that this confirms that trying Safety Shot is believing in Safety Shot, We have given away thousands of Cans now with the same response. They can't believe how well it works and how good it makes you feel." stated Safety Shot CEO Brian John. "We're working diligently to increase production and inventory to meet anticipated demand."
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ICE... | Hot Stocks08:40 EST Enterprise and ONEOK extend fee waiver deal for ICE Midland WTI deliveries - Intercontinental Exchange (ICE) announced that Enterprise Products Partners (EPD) and ONEOK, Inc. (OKE) have extended their fee waiver arrangement between the Enterprise Crude Houston and Magellan East Houston terminals to transfer crude oil delivered through ICE's Midland WTI futures contract (HOU) until December 31, 2025. HOU futures had a record third quarter in 2023 with 672,681 contracts traded, with record average daily volume of 10,677 contracts. Each month, the HOU futures contract delivers approximately 5 million barrels of Midland WTI-quality crude. HOU has delivered approximately 71 million barrels of Midland WTI-quality crude since early 2022. Midland WTI crude oil also became deliverable into Dated Brent and the rest of the Brent complex earlier this year. "Extending the fee waiver for customers to move Midland WTI barrels they acquire through the HOU contract to the terminal of their choosing provides additional incentive to manage their Midland WTI exposure with the HOU contract," said Jeff Barbuto, Global Head of Oil Markets at ICE. "Open interest has spread down the curve to the end of 2025 and this additional optionality should really add to the development of this market."
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POST | Hot Stocks08:39 EST Post Holdings completes acquisition of Perfection Pet Foods - Post Holdings has completed the previously announced acquisition of the assets of Perfection Pet Foods, LLC, effective December 1, 2023.
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VERB | Hot Stocks08:39 EST Verb's MARKET.live adds five more retail brands to livestream platform - Verb Technologyannounces five more dynamic new brands have joined the MARKET.live platform this week. The recent completion of the Company's tech integrations with the ecommerce solutions powering thousands of vendors' existing ecommerce stores are expected to continue to drive demand from retailers eager to create new and additional distribution channels and affiliate relationships through MARKET.live. Brands, retailers and creators that join MARKET.live have the ability to broadcast livestream shopping events simultaneously on numerous social media channels, including TikTok, as well as on MARKET.live, reaching exponentially larger audiences.This week's newly onboarded vendors represent a diverse array of product categories, offering a comprehensive and exciting selection for MARKET.live's growing user base: The Newly Onboarded Brands: Tuxton; Blakhom; Poppy+Sage; Rad: Rad; VistaShops. The addition of these five brands underscores MARKET.live's commitment to expanding its portfolio with top-tier products and brands, ensuring a vibrant and ever-evolving selection for its discerning audience.
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OPRT | Hot Stocks08:39 EST Findell Capital expresses concerns about Oportun Financial's underperformance - Findell Capital Management, which beneficially owns approximately 5.4% of the outstanding shares of common stock of Oportun Financial, issued a statement to all stockholders of Oportun. "Findell Capital Management LLC has been a significant stockholder of Oportun Financial Corporation, and we recently acquired a greater than 5% ownership stake of the company's outstanding shares of common stock. We are writing to our fellow stockholders today because we believe that Oportun's board of directors is not acting with the sort of urgency required to address the company's dire situation." Reference Link
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ATOS CORT | Hot Stocks08:38 EST Atossa Therapeutics appoints Arezoo Mirad as senior medical director - Atossa Therapeutics (ATOS) announced the appointment of Dr. Arezoo Mirad as Senior Medical Director. Prior to joining Atossa, Dr. Mirad served as Medical Director for Corcept Therapeutics (CORT).
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IKT | Hot Stocks08:37 EST Inhibikase Therapeutics granted pre-NDA meeting with FDA for IkT-001Pro - Inhibikase Therapeutics announced the U.S. Food and Drug Administration has granted a pre-New Drug Application meeting to be held in January 2024 to discuss the requirements for approval of IkT-001Pro and to review the data establishing doses of IkT-001Pro bioequivalent to 400 mg and 600 mg imatinib mesylate. The Company expects to provide an update following the meeting. The 501 bioequivalence study evaluated IkT-001Pro at four single ascending doses of 300, 400, 500 and 600 mg in 27 healthy subjects ranging in age from 18 to 55, followed by a pivotal phase comparing the 600 mg of IkT-001Pro to 400 mg imatinib mesylate in 31 healthy volunteers. The study also evaluated an additional cohort of 8 healthy subjects to determine the bioequivalent dose of IkT-001Pro to 600 mg imatinib mesylate, a dose that is poorly tolerated in patients. This additional cohort identified 900 mg of IkT-001Pro as bioequivalent. Across all doses, there were only mild adverse events observed, including just two adverse events for IkT-001Pro at the highest dose comparison. Imatinib delivered by IkT-001Pro demonstrated a slower rise time to maximum plasma concentration of 6 hours, compared to the 4-hour Tmax of 400 mg imatinib mesylate. Pharmacokinetic profiles for imatinib delivered by IkT-001Pro and imatinib mesylate were similar at equivalent doses. Imatinib mesylate is currently approved for treatment of Philadelphia chromosome positive chronic myelogenous leukemia and acute lymphoblastic leukemia, adults with myelodysplastic or myeloproliferative disease associated with mutations in the PDGFR genes, mastocytosis associated with mutations in the c-Kit gene and stomach cancers that arise from mutations in the c-Kit or PDGFR genes.
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SP | Hot Stocks08:37 EST SP Plus awarded five-year contract at San Francisco airport - SP+ Corporation announced its five-year contract for ground transportation management, parking, and concierge/ambassador services at San Francisco International Airport, SFO, in San Mateo County, California. SP+ worked collaboratively and efficiently with the long-term and proven local ACBDE/MBE/WBE/LBE. At SFO, SP+ provides management and operation of public and employee parking facilities, seven days a week, 24 hours per day, including ground transportation, curbside management, valet services, employee parking, security, janitorial and engineering services. SP+ also provides reservations and revenue management at SFO with its AeroParker branded e-commerce platform that increases non-aeronautical revenues through its user-friendly pre-booked parking system. This online technology is available via mobile, tablets, and desktops. "Our relationship with SP+ began with just two employees at SFO in 2012. Through their mentorship and guidance, we are now ACDBE-certified and proudly work with SP+ at multiple installations," said Patricia Rodriguez, owner and managing partner, SF Parking, LLC. "I want to thank SFO and the City of San Francisco for truly embracing the small business program - we are proof that a small local business can grow through these opportunities, provide good union jobs and contribute to our community and local economy.
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BYON | Hot Stocks08:36 EST Beyond initiates fixed cost restructuring plan, including 10% reduction in staff - The fixed cost restructuring plan is expected to deliver annualized technology and G&A cost savings of approximately $25 million, which represents approximately 12.5% of our trailing twelve-month expense run-rate as of September 30, 2023. This plan includes about 10% reduction in our current employee base, right sizing our facility footprint, re-negotiation of vendor contracts, and outsourcing certain functions. The savings from the fixed cost restructuring plan will begin to accrue in late Q4 2023, with a target to achieve the full annualized run-rate by early 2025.
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SMFL | Hot Stocks08:35 EST Smart for Life announces LOI to acquire manufacturer of vitamins, supplements - Smart for Life announced that it has executed a Letter of Intent, LOI, to acquire a state-of-the-art manufacturer of vitamins and supplements, which is expected to add an estimated $20 million of revenue on a pro forma basis over the next year. "This target acquisition brings significant manufacturing capabilities in the health and wellness sector and should be highly synergistic with our existing channels and brands," stated Darren Minton, CEO of Smart for Life. "In addition, the company is already audited by a top ten PCAOB accounting firm, which will significantly streamline the due diligence phase, in addition to the overall speed of the transaction. Moreover, we believe Smart for Life can achieve meaningful operating efficiencies by bringing additional capabilities in-house, making this acquisition highly accretive. We look forward to sharing additional information as we complete due diligence and definitive documentation over the coming weeks."
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CRMD | Hot Stocks08:35 EST CorMedix announces partnership with Leapfrog Group - CorMedix announced an agreement with The Leapfrog Group, an independent national watchdog organization of employers and other purchasers focused on health care safety, whereby CorMedix will become a member of the Leapfrog Partners Advisory Committee. The Partners Advisory Committee is a platform for the creation, implementation and evaluation of initiatives that advance the Leapfrog and organizations' alike mission for patient safety and promote a shared accountability for patient safety and well-being. As a Leapfrog partner, CorMedix will advise the Leapfrog board and management on industry and policy trends and help shape the organization's long-term strategic vision. "An alliance between The Leapfrog Group and CorMedix brings together two organizations both focused on a common goal: improving patient safety and quality of care across the U.S. healthcare system," said Joseph Todisco, Chief Executive Officer, CorMedix. "CorMedix is dedicated to developing solutions that reduce the risk of healthcare associated infections, in particular catheter-related bloodstream infections. About 250,000 CRBSIs occur annually among U.S. patients with an intravascular device, and one in four patients who acquire these infections die. It is important we all come together and advocate for patients who suffer from these preventable infections, in addition to managing their already challenging health conditions."
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BYON | Hot Stocks08:34 EST Beyond sets Cyber 5 sales record with revenue up 24% y/y - Beyond announced record sales performance for the "Cyber 5" period from Thanksgiving Day through Cyber Monday. The Company also announced that it has initiated a fixed cost restructuring plan targeting approximately $25 million of annualized reductions by early 2025. 2023 Cyber 5 sales were the largest in the Company's history. Estimated net revenue grew 24% year-over-year. On an aggregate basis, bedding, bath, kitchen and core furniture and decor categories delivered growth. Active customers at the end of the Cyber 5 period exceeded 5.3 million. The Company will continue to invest in building the customer file and taking back market share. Additionally, the Company is on its way to a multi-phase relaunch of Overstock.com to reignite historical top performing categories.
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VIRX | Hot Stocks08:33 EST Viracta Therapeutics announces interim data from Phase 1b/2 trial of nana-val - Viracta Therapeutics announced that additional data from the Phase 1b/2 clinical trial of Nana-val in patients with recurrent or metastatic Epstein-Barr virus-positivenasopharyngeal carcinoma showed two ongoing confirmed partial responses at higher dose levels. These data were featured in an oral presentation made by A. Dimitrios Colevas, M.D., Professor of Medicine at the Stanford Cancer Institute, during the European Society for Medical Oncology (ESMO) Asia Congress being held in Singapore. Nana-val is the company's all-oral investigational therapy targeting Epstein-Barr virus-associated cancers. Key Data from the Oral ESMO Asia Congress Presentation: Interim data from the Phase 1b/2 study of Nana-val in patients with R/M EBV+ NPC revealed two ongoing confirmed partial responses at higher dose levels plus new nonclinical data that support the evaluation of a novel split daily dosing regimen. Best antitumor responses to date have included two PRs at the higher dose levels plus five stable diseases out of 17 patients treated to date. Confirmed PR at the third dose level demonstrated greater than50% reduction in tumor size through 50 weeks and confirmed PR at the fifth dose level demonstrated ~30-40% reduction in tumor size through 14 weeks. Increased antitumor activity observed in a preclinical murine EBV+ gastric cancer xenograft model supports investigation of Nana-val on an SDD schedule as a next step. In comparison to once daily dosing, split dosing four hours apart each day increased the expression of EBV protein kinase, which translated into increased antitumor activity. In comparison to intermittent dosing, daily dosing increased the exposure to Nana-val leading to a more sustained antitumor effect.
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ARE | Hot Stocks08:33 EST Alexandria Real Estate raises quarterly dividend to $1.27 from $1.24 per share - The dividend is payable on January 12, 2024 to shareholders of record on December 29, 2023.
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HTCR | Hot Stocks08:32 EST HeartCore's subsidiary Sigmaways signs binding MoU with Actiquest - HeartCore Enterprises announced that its subsidiary, Sigmaways has engaged San Francisco-based Actiquest to implement digital transformation, technology consulting services, and investor and marketing strategies onto its AI Sport Coaching platform. This strategic collaboration signifies a deep integration of shared visions, leveraging AI technology for impactful applications not only in sports but across critical sectors like healthcare, education, and business analytics. Actiquest's innovative technological approach to sports training stands as a guiding force for Sigmaways and HeartCore to elevate their AI development strategies, serving to advance the trajectory of AI for broader impacts across diverse fields. "Our collaboration with Sigmaways is a leap towards the future of sports training, where AI's precision meets human talent potential and will help our company to develop across the US sport market," said Actiquest CEO Michael Aprossine. "We're harnessing cutting-edge AI to provide athletes with an unprecedented level of personalised coaching without a human intervention, setting new innovative standards in the sports industry across the world."
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SWX | Hot Stocks08:32 EST Southwest Gas to pursue IPO of Centuri Holdings in spring/summer 2024 - Southwest Gas announced its intent to pursue an initial public offering of newly issued shares of Centuri Holdings in the spring/summer 2024. The Southwest Gas board of directors has determined that an IPO is the optimal path to advance the separation of Centuri Group as an independent utility infrastructure services company to maximize value for Southwest Gas shareholders. "We plan to move forward with an IPO of Centuri once we have onboarded a new CEO of Centuri to lead the business into its next chapter as an independent publicly-traded company. We are highly encouraged by the receptivity for the separation of Centuri as we seek to unlock value for Southwest Gas shareholders, and we look forward to Centuri's planned debut as a separate public company," said Karen Haller, President and CEO of Southwest Gas. Current Centuri CEO Paul Daily previously announced his plan to retire in 2024 after his successor has been identified and onboarded.
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EQH | Hot Stocks08:30 EST Equitable Holdings to join S&P MidCap 400 Index - Equitable Holdings announced that S&P Dow Jones Indices will be adding the Company to the S&P MidCap 400 Index, effective with the start of trading on Monday, December 18. "After five years as an independent listed company, we are pleased to now be included in this prestigious index, which we believe will increase our visibility and exposure to a broader investor base," said Mark Pearson, President and Chief Executive Officer. "We see significant opportunity ahead for growth, underscored by favorable demographic trends, as we continue to meet our clients' needs for advice, retirement income and asset management."
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EXEL RCUS | Hot Stocks08:28 EST Exelixis, Arcus team on trial of zanzalintinib-AB521 combo to treat ccRCC - Exelixis( EXEL) and Arcus Biosciences (RCUS) announced that the companies have entered into a clinical trial collaboration for STELLAR-009, a phase 1b/2 trial evaluating zanzalintinib, Exelixis' next-generation tyrosine kinase inhibitor, TKI, in combination with AB521, an inhibitor of the transcription factor HIF-2, in patients with advanced solid tumors, including clear cell renal cell carcinoma, ccRCC. Exelixis is sponsoring STELLAR-009, and Arcus is co-funding the study and providing AB521 for use in the trial. Patient enrollment for STELLAR-009 is expected to begin before the end of 2023."We are excited to learn more about the potential effects of zanzalintinib plus Arcus' HIF-2 inhibitor, as these two molecules approach the inhibition of cancer cell proliferation and tumor angiogenesis from differing angles, and combination therapy may provide better outcomes than either therapy alone," said Amy Peterson, M.D., Executive Vice President, Product Development & Medical Affairs, and Chief Medical Officer, Exelixis. "We have a long-established commitment to advancing treatment options in kidney cancer, and we are eager to maximize the potential of zanzalintinib through this collaboration with Arcus and look forward to advancing the combination in the clinic."
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NB | Hot Stocks08:28 EST NioCorp completes metallurgical test program at demonstration plant - NioCorp Developments completed its metallurgical testing program at its Quebec-based demonstration plant. Results show that NioCorp's enhanced processing design can produce, at demonstration scale, higher-purity forms of niobium and titanium, and higher yields for each product, than previously attained. The results also show that NioCorp can produce, at demonstration scale, scandium and magnetic rare earth products with commercial purities at recovery rates of 92% or higher. With all metallurgical work required to update NioCorp's current Feasibility Study for the Elk Creek Critical Minerals Project now completed, NioCorp is working to update its mineral reserve to include rare earths, complete additional engineering required by the new processing design, update project capital and operating cost estimates, and producing other information required for publication in an updated Feasibility Study. This is expected to be completed as early as possible in 2024. Higher-Purity Form of Titanium Can Be Produced NioCorp's new process can produce, at demonstration scale, a higher purity and more valuable form of titanium, known as titanium tetrachloride, than its previous process. The Company has shifted operations at its demonstration plant to produce sufficient quantities of TiCl4 for quality and purity testing by multiple prospective customers who have requested samples. NioCorp expects to make a final determination on its plans to produce TiCl4 after completing all work required for publishing an updated Feasibility Study.
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DBKSF | Hot Stocks08:27 EST Spetz enters advisory services agreement with Jade Ventures - SPETZ has entered into an advisory services agreement with Jade Ventures. Under the terms of the Agreement, Jade Ventures will serve as Spetz's exclusive advisor and will help facilitate introductions on behalf of Spetz to global telecommunications companies. Jade Ventures will work closely with the Spetz management team to identify and pursue strategic opportunities with telecommunications companies that will enable Spetz to expand its platform into new markets or extend its current reach through telecommunications services. The team at Jade Ventures comprises experienced telecommunications professionals with a proven track record of success in completing high-value transactions in the telecommunications sector. The Agreement includes an initial six-month exclusivity period with an option to extend for an additional six months. The parties have also agreed to a performance-based compensation structure that aligns their interests and ensures that Spetz's cash flow is not compromised at this stage.
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RIBT | Hot Stocks08:25 EST RiceBran secures investment from Funicular Funds - RiceBran Technologies announced a series of transactions to provide working capital, refinance certain of its prior debt and exchange certain warrants for shares of common stock, no par value, and new warrants in the Company, creating a more stable and sustainable foundation as the Board of Directors continues to explore strategic initiatives and alternatives to maximize value of its assets and public platform. Key elements of the transactions include: A fund managed by Cable Car Capital LLC, Funicular Funds has purchased $400,000 in shares of Common Stock at a per share price of $0.18, representing approximately 2.2 million shares. Additionally, Funicular provided an additional $3.6 million in funding through a newly created senior secured promissory note with a five-year maturity, 10% original issue discount and 13.5% coupon. Funicular received warrants to purchase approximately 5.0 million shares of Common Stock at an exercise price of $0.18. Assuming full exercise of the Funicular Warrants for cash, Funicular would own approximately 49.8% of the outstanding shares of Common Stock. Funicular's acquisition of more than 4.95% of Common Stock has been approved by the Company under its Tax Benefits Preservation Plan, and the transaction has been structured to maintain the Company's tax attributes. RiceBran and its subsidiaries Golden Ridge Rice Mills and MGI Grain repaid their outstanding term loan of approximately $1.5 million with Continental Republic Capital, LLC d/b/a Republic Business Credit. RiceBran, Golden Ridge and MGI Grain paid the promissory note in favor of Republic, and Republic terminated the promissory note and the related mortgage on certain real property of RiceBran and released its lien on such real property. RiceBran, Golden Ridge, MGI Grain and Republic amended their existing Agreement for Purchase and Sale to, among other things, modify the provisions granting a security interest in the accounts receivable and other assets of RiceBran, Golden Ridge and MGI Grain to Republic in light of the secured loan from Funicular and the corresponding intercreditor arrangement between Republic and Funicular. Warrants to purchase approximately 2.2 million shares of Common Stock were exchanged for 628,810 shares of Common Stock and new warrants to purchase 1.2 million shares of Common Stock. As a result, RiceBran has approximately 9.5 million shares of Common Stock outstanding, $4 million in five-year debt from Funicular and approximately 16.4 million shares of Common Stock outstanding on a fully diluted basis.
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JFBR | Hot Stocks08:23 EST Jeffs' Brands' Fort Products enters distribution agreement with EasyLure - Jeffs' Brands announced that its, wholly owned subsidiary Fort Products signed an exclusive distribution agreement with EasyLure, for the sale and distribution of its pest control solution, the Entopest Fruit Fly Attractant. This agreement marks a significant expansion of Jeffs' Brands' pest control portfolio into the agricultural sector and strengthens its position in the global agricultural solutions market. Pursuant to the distribution agreement, Fort will have exclusive rights to sell and distribute globally the Entopest Fruit Fly Attractant, an acclaimed pest control solution for its effectiveness and eco-friendliness.
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LUNR | Hot Stocks08:21 EST Intuitive Machines announces delivery of IM-1 mission Nova-C lunar lander - Intuitive Machines announced the delivery of its IM-1 mission Nova-C lunar lander to Cape Canaveral, Florida. In coordination with SpaceX, the liftoff of the IM-1 lunar mission is targeted for a multi-day launch window that opens no earlier than January 12, 2024. In case of unfavorable launch conditions, such as poor weather, backup opportunities will be determined based on the lunar blackout window and other factors. The Company's IM-1 mission will be operated from Intuitive Machines' Nova Control Center in Houston, Texas. There, flight controllers will monitor spacecraft health, send commands, and receive data during the lander's approximate six-and-a-half-day journey to the lunar surface using the Company's commercially available Lunar Data Network. After landing, Intuitive Machines and its customers expect Nova-C to operate in the lunar south pole region for nearly two weeks.
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LAB SLGC | Hot Stocks08:20 EST Standard BioTools, SomaLogic announce date for special meetings of stockholders - Standard BioTools (LAB) and SomaLogic (SLGC) announced that the companies have set a date for their respective Special Meetings of Stockholders in connection with the pending all-stock merger which was previously announced on October 4, 2023. Each company will hold its respective Special Meeting of Stockholders virtually at 12 p.m. ET on Thursday, January 4, 2024. The stockholders of record as of the close of business on November 29, 2023, will be entitled to vote at their respective Special Meetings of Stockholders. The merger remains on track to close in the first quarter of 2024, subject to approval by both companies' stockholders and satisfaction of other customary closing conditions.
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XELB | Hot Stocks08:20 EST Xcel Brands, Christie Brinkley form joint venture to develop TWRHLL - Xcel Brands announced of its newly formed joint venture with supermodel, actress and entrepreneur, Christie Brinkley to develop TWRHLL, a lifestyle and apparel brand, for distribution in retail and livestream channels. Initial launch of TWRHLL is expected in the spring of 2024. Christie Brinkley will serve as the public face and voice of the brand, including appearing on broadcast and streaming services. "Christie is an icon, whose timeless elegance remains at the forefront of fashion," stated Robert D'Loren, Chairman and Chief Executive Officer of Xcel Brands. "She is the perfect partner for Xcel Brands, as we continue to build a dynamic roster of brands supported by vibrant personalities that drive our retail strategy and establish powerful connections to consumers through live-selling channels."
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CPRX | Hot Stocks08:19 EST Catalyst Pharmaceuticals appoints Kalb as CFO, announces other promotions - Catalyst Pharmaceuticals announced the appointment of Michael Kalb as its Executive Vice President and Chief Financial Officer, effective on January 1, 2024. Kalb will report directly to the Company's Chief Executive Officer and will serve as a member of the Company's executive leadership team. He succeeds Alicia Grande, who will retire from the Company at the end of this year. Before joining the Company, Mr. Kalb served as Chief Financial Officer at Impel Pharmaceuticals. Additionally, the company is pleased to announce that effective on January 1, 2024, Dr. Steven Miller will be promoted to Executive Vice President, Chief Operating and Scientific Officer and Jeffrey Del Carmen will be promoted to Executive Vice President, Chief Commercial Officer.
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RCM | Hot Stocks08:19 EST R1 RCM completes restatement of previously issued financial statements - R1 RCM has completed the restatement of its previously issued financial statements for the years ended December 31, 2022 and 2021 and interim periods for each of the quarters within 2022 and 2021, as well as for the first two quarters of 2023, and filed its Form 10-Q for the third quarter of 2023. Consistent with the Company's expectations, the adjustments in the restated financial statements had: No material impact on 2022 and 2021 revenue or Adjusted EBITDA; No material impact on R1's previously reported results of operations for the first three quarters of 2023; and No impact on R1's cash, business operations or 2023 outlook.
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NVRI | Hot Stocks08:18 EST Enviri's Harsco to present AgroSilicio fertilizer from recycled steel slag - Harsco Environmental, a division of Enviri, has been invited by the Brazilian state of Minas Gerais to present the business' newly developed ecoproduct, AgroSilicio, at this year's COP28 Climate Summit in the United Arab Emirates. "Leaders in Minas Gerais State, Brazil, are striving to balance industrial growth and sustainability," said Wender Alves, LATAM Regional President at Harsco Environmental. "It was a breakthrough when we realized that slag from steel production could be transformed into quality fertilizer for the Brazilian agriculture business. We are proud that this has helped significantly reduce the carbon footprint and are honored to present this on behalf of Minas Gerais State, Brazil, at the world's most important environmental forum."
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VCNX | Hot Stocks08:16 EST Vaccinex announces Nasdaq granted vaccine extension until March 4, 2024 - Vaccinex previously reported that on October 10, 2023 it was advised by Nasdaq that the Company was no longer in compliance with Nasdaq's minimum bid price requirement and that Nasdaq could move to suspend trading of the common stock and to delist the Company's securities unless the company appealed Nasdaq's determination. The Company appealed that decision and has been granted an exception until March 4, 2024 to address this issue. Subject to fulfilling its commitments to Nasdaq, it is expected that Vaccinex shares will continue to be listed on the Nasdaq Capital Market throughout this time and subsequently if compliance is restored. Vaccinex continues to advance its key programs with particular focus on a potential near-term catalyst, the randomized phase 2 trial of its pepinemab antibody to counter neuroinflammation in Alzheimer's disease. The last patient in this trial is expected to complete the planned 12-months of treatment by early June 2024.
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CWGL NAPA | Hot Stocks08:15 EST Crimson Wine Group appoints Adam Howell as CFO - Crimson Wine Group (CWGL) has named Adam Howell as CFO. Howell will become a member of Crimson's executive team and will report directly to Jennifer Locke, CEO. Howell most recently served as Senior Vice President, Finance and Accounting, for the Duckhorn Portfolio (NAPA).
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DARE | Hot Stocks08:15 EST Dare Bioscience commences Phase 3 study of Ovaprene - Dare Bioscience announced commencement of the Company's pivotal Phase 3 clinical study of Ovaprene, an investigational hormone-free monthly intravaginal contraceptive. The multi-center, single arm, non-comparative, pivotal Phase 3 clinical study of Ovaprene will evaluate its effectiveness as a contraceptive along with its safety and usability. The study aims to enroll sufficient participants across approximately 20 study sites in the U.S. to have approximately 250 participants complete approximately 12 months of use, with updates on anticipated study completion expected as enrollment progresses. If successful, Dare expects the pivotal study to support marketing approvals of Ovaprene in the U.S. and other countries. "While we've seen improvements in hormonal contraception over the last 20 years, many women need more options and innovation in non-hormonal contraceptive methods," said Sabrina Martucci Johnson, President and CEO of Dare Bioscience. "Ovaprene is a hormone-free monthly contraceptive that has disruptive, first-in-category potential based on its convenient use that doesn't require action at the time of intercourse and its unique mechanism of action, which based on the results of the pre-pivotal study, is expected to deliver efficacy approaching hormonal methods. Commencing our pivotal Phase 3 study marks an important milestone in the Ovaprene program as we strive to advance this innovative contraceptive option that women want and need."
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VCIG | Hot Stocks08:14 EST VCI Global, Evolve Capital forge collaboration to enhance market access - VCI Global unveils a strategic collaboration with Evolve Capital Advisory Private Limited. This collaboration seeks to cultivate a comprehensive avenue, providing companies with enhanced opportunities to facilitate capital markets access through public listings on NASDAQ or SGX. While acknowledging the unique strengths of various international exchanges, this collaboration seeks to provide companies with an optimal pathway to listing, including NASDAQ as a strategic option. The U.S. capital markets, renowned for their size, liquidity, and stability, offer an additional avenue for global issuers to access capital. The synergistic strengths of VCI Global and Evolve Capital aim to establish a versatile platform that caters to the evolving needs of businesses in today's dynamic market environment. This endeavour is further fortified by VCI Global's extensive consultancy experience, having played a pivotal role for numerous companies, especially in tandem with their listing endeavours on NASDAQ. "This collaboration proves timely, aligning with the escalating trend of companies, particularly those from this region, actively pursuing listings, notably on NASDAQ, a platform rapidly ascending in popularity. One of the primary incentives for selecting NASDAQ as the listing venue lies in its comparatively lower minimum prerequisites for qualification. Furthermore, the positive reception of its entirely electronic trading infrastructure is noteworthy among a diverse spectrum of traders," said Dato Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
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SSKN | Hot Stocks08:12 EST Strata Skin Sciences promotes Gov to Chief Operating Officer - STRATA Skin Sciences (SSKN) announced the promotion of Shmuel Gov to Chief Operating Officer. The Company has also hired Dr. Amandeep Kaur as Vice President of Marketing and Business Growth. Shmuel Gov brings over 30 years of industry experience in medical device business, operations, and R&D. Additionally, Dr. Amandeep Kaur has rejoined STRATA and brings years of experience and background in business development, marketing, and technology.
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VPLM | Hot Stocks08:12 EST Voip-Pal.com announces 'favorable' ruling in Locksmith case - VoIP-Pal.com announce on Thursday, November 30, 2023, after the completion of trial, the Eighth Judicial District Court for the State of Nevada, rendered its decision in favor of VoIP-Pal upon all claims in the case entitled Locksmith Financial Corporation vs. VoIP-Pal.com Inc., et al., Case No.: A-20-807745-C. On January 1, 2020, Locksmith Financial Corporation commenced the litigation against VoIP-Pal.com Inc., and its transfer agent, New Horizon Transfer Inc., alleging a failure to register the transfer of certain shares that had been originally issued to Locksmith in and around 2013. Locksmith further requested injunctive relief in the form of an order recognizing its legal right to transfer certain shares in question. Lastly, Locksmith demanded monetary damages for VoIP-Pal. Inc.'s failure to transfer the shares. After the conclusion of the trial, the court ruled that two previously issued certificates of VoIP-Pal.com stock are not owned by Locksmith Financial Corporation. The court further ruled that Locksmith had not met its burden with respect to any of its claims against VoIP-Pal or New Horizon Transfer, Inc., awarding no damages to Locksmith and specifically ruling that Locksmith take nothing as a result of the litigation. The Company is also announcing that since the November 1, 2023 announcement of the two new RBR continuation patent grants in India, Patent No.: 450851 and Patent No.: 450865 VoIP-Pal has been approached by representatives of potentially interested parties. They have scheduled to begin exploratory discussions.
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LHX | Hot Stocks08:11 EST L3Harris Technologies appoints Ken Bedingfield CFO, effective Dec. 11 - L3Harris Technologies announced that it has appointed Kenneth "Ken" L. Bedingfield as Senior Vice President and Chief Financial Officer, CFO , reporting to Chair and Chief Executive Officer Christopher Kubasik, effective Dec. 11 succeeding Michelle Turner.
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PBLA | Hot Stocks08:11 EST Panbela Therapeutics announces publication of abstract on SBP-101, DFMO - Panbela Therapeutics announces the publication of preclinical data from studies of ivospemin, SBP-101, and eflornithine, DFMO, research in multiple myeloma. Data published in the November supplemental issue of the Journal Blood investigated the effects of polyamine inhibition by ivospemin and CPP-1X on myeloma cell lines growth and viability in vitro. Results showed that ivospemin and CPP-1X treatment significantly decreased cell proliferation and induced apoptosis in a panel of multiple myeloma cell lines. When ivospemin and CPP-1X were combined an almost complete abolition of cell growth occurred. These results demonstrate the anti-neoplastic potential of ivospemin and CPP-1X and offer a compelling rationale for its clinical development as a potentially promising treatment option for multiple myeloma. "We are excited to have initiated the studies evaluating our polyamine inhibitors ivospemin and CPP-1X in models of multiple myeloma. This work demonstrates that each agent alone and in combination with each other can decrease tumor cell growth and induce tumor cell death. Since the literature has demonstrated the relationship between polyamines and the immune system, this suggests that by adding our polyamine metabolic inhibitors, such as ivospemin and eflornithine, they may augment CAR-T cell therapy with the potential to overcome this resistance mechanism to potentially improve initial response rates and durability of response," said Jennifer Simpson, PhD, MSN, CRNP, President & Chief Executive Officer of Panbela. "Polyamine modulation of the immune system is an important focus for Panbela. With our first clinical proof of concept of polyamine targeted therapy in combination with a checkpoint inhibitor for patients with STK11 non-small cell lung cancer, we are excited for this research collaboration to now evaluate the potential benefit of polyamines in immune modulation for hematologic malignancies."
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IGXT ATAI | Hot Stocks08:10 EST IntelGenx apponts Sahil Kirpekar, Ryan Barrett to board of directors - IntelGenx Technologies Corp. (IGXT) announces the resignation of Frank Stegert and Srinivas Rao from the Board of Directors of the Company effective December 2, 2023. Mr. Stegert and Dr. Rao were the Board designees for atai Life Sciences AG (ATAI) pursuant to the purchaser rights agreement by and between the Company and atai. On December 2, 2023, the Board appointed Sahil Kirpekar, M.D. and Ryan Barrett as the new atai Board designees pursuant to the Rights Agreement, to serve until the 2024 annual meeting of the Company's stockholders, or until their respective successors are duly elected and qualified. Dr. Kirpekar has served as atai's Chief Business Officer since 2022 and Mr. Barrett has served as atai's Senior Vice President and General Counsel since August 2020.
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LUXH WH | Hot Stocks08:10 EST LuxUrban Hotels chairman cancels promissory note - LuxUrban Hotels (LUXH) announced that the company is in active late stage discussions with its partner, Wyndham Hotels & Resorts (WH), on various aspects of Development Incentive Advances, which include accelerating the timing and increasing the amounts of these funds on new property acquisitions. As a result of this anticipated positive development, on December 3, the company and Brian Ferdinand, the company's chairman and co-CEO, mutually agreed to cancel the previously disclosed promissory note dated November 17. Therefore, Ferdinand will cease, for the foreseeable future, further sales of common stock of the company that were to have been used to fund amounts borrowable under the promissory note. An amount equal to the proceeds resulting from recent sales by Ferdinand in the amount of approximately $500,000 will be gifted to the company.
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EXEL | Hot Stocks08:09 EST Exelixis initiates STELLAR-305 trial evaluating zanzalintinib combo for SCCHN - Exelixis announced the initiation of STELLAR-305, a phase 2/3 pivotal trial evaluating zanzalintinib in combination with pembrolizumab versus pembrolizumab alone in patients with previously untreated PD-L1-positive recurrent or metastatic squamous cell carcinoma of the head and neck or SCCHN. "We are excited to progress zanzalintinib, our next-generation multi-targeted tyrosine kinase inhibitor, into this population of patients who otherwise are relegated to immunotherapy plus chemotherapy, but may benefit from a chemo-free option," said Amy Peterson, M.D., Executive Vice President, Product Development & Medical Affairs, and Chief Medical Officer, Exelixis. "This study is based on encouraging data from a phase 2 investigator-initiated trial of cabozantinib and pembrolizumab and demonstrates our agility to move quickly into indications with sound rationale from our flagship asset." STELLAR-305 is sponsored by Exelixis. More information about STELLAR-305 is available at ClinicalTrials.gov.
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EGAN | Hot Stocks08:08 EST Kanen CEO issues letter to eGain board of directors - Kanen Wealth Management CEO David Kanen send the board of directors of eGain a letter. "We, Kanen Wealth Management, LLC, owner of approximately 7% of eGain Corporation's common shares, are calling on the board to formally hire an investment banker and form a special committee to pursue a sale of the Company. Under CEO Ashu Roy's leadership, EGAN's stock is down approximately 40% since the Company's IPO 24 years ago in 1999 versus the NASDAQ gain of approximately 500%. The above scorecard speaks for itself! We will attempt to provide some insight into the various reasons we believe the Company has materially underperformed and how Mr. Roy is incapable, in our opinion, of realizing the potential of EGAN for shareholders, despite the Company's high-quality products, the Company's position in the "magic quadrant," and recent momentum in EGAN's sales funnel. We believe the problem is Ashu Roy and he has failed shareholders! Some examples of his arrogant, ineffective, and unsuccessful behavior for shareholders are below: failure in building a thriving sales organization... holding a major sales conference on yom kippur... ashu's obtuse, unengaged behavior with counterparties, when introductions were made earlier this year... improper handling of a recent introduction to a board candidate that is a proven software ceo and rockstar... In summary, EGAN directors, we ask that you kindly act on your fiduciary responsibility to shareholders and run a legitimate process to sell the company - a process that doesn't rely exclusively on Mr. Roy's lack of talent in generating a positive outcome. "
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ORYZF | Hot Stocks08:08 EST Oryzon Genomics awarded grant for ORY-4001 from ALS Association - Oryzon Genomics announced the start of a preclinical collaboration with the ALS Association. The Association has awarded Oryzon a $498,690 grant through its Lawrence and Isabel Barnett Drug Development Program to support the regulatory preclinical development of ORY-4001, a highly selective HDAC6 inhibitor, for amyotrophic lateral sclerosis. HDAC6 inhibition or depletion has been previously described as a potentially effective treatment for ALS, protecting against neurodegeneration in various ALS mouse and human iPSC models. Oryzon recently completed an HDAC6 discovery program, leading to the selection of ORY-4001, a clinical candidate with promising efficacy, selectivity, and safety. ORY-4001 has been shown to improve neuromuscular and neuromotor function, axonopathy, and demyelination in a mouse model of Charcot-Marie Tooth type 1, the most common inherited peripheral neuropathy. Due to the key role altered axonal transport and proteostasis play in both CMT and ALS, Oryzon hopes to validate the benefits of inhibiting HDAC6 in ALS mouse models. ORY-4001 is currently advancing in its characterization in IND-enabling toxicology studies.
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TPL | Hot Stocks08:07 EST Texas Pacific Land announces Delaware Court of Chancery rules in its favor - Texas Pacific Land announced that the Delaware Court of Chancery has ruled in favor of TPL in the litigation between the company and Horizon Kinetics, Horizon Kinetics Asset Management, SoftVest Advisors and SoftVest, L.P., in Texas Pacific Land Corp. v. Horizon Kinetics LLC. On December 1, the court ruled that the investor group should have voted with the board's recommendation on Proposal 4, the company's proposal to increase the number of authorized shares of common stock at the 2022 annual meeting, under the terms of the June 2020 stockholders' agreement with the company. The court has deemed the investor group's shares to have been voted in favor of the Share Authorization Proposal, which has been deemed approved by stockholders.
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BNET | Hot Stocks08:07 EST Bion Environmental appoints Steve Sands to Advisory Group - Bion Environmental Technologies announced that Steve Sands will join Bion's Advisory Group, effective immediately. Steve most recently served as President of Protein Brands for Performance Foodservice, one of the largest food service distributors in the U.S.
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ITRM | Hot Stocks08:06 EST Iterum Therapeutics regains compliance with Nasdaq bid price rule - Iterum Therapeutics has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
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SLG | Hot Stocks08:06 EST SL Green Realty announces sale of 625 Madison Avenue - SL Green Realty announced that, together with its partners, it has entered into a contract to sell the fee ownership interest in 625 Madison Avenue for a gross sale price of $632.5 million, or $1,123 per square foot, to a global real estate investor. In connection with the sale, SL Green and its partners will originate a $234.5 million preferred equity investment in the property. Net proceeds from the sale will be used by the Company for the repayment of corporate debt. "This deal, and our recent capitalization of 245 Park, reaffirm that well-located office real estate in New York is still among the most sought-after asset classes in the world," said Brett Herschenfeld, Executive Vice President, Retail and Opportunistic Investments at SL Green. "Whether properties are upgraded to state-of-the-art office or are converted into a multitude of other uses that are in high demand, the appetite for Class-A office properties in prime Manhattan locations remains strong and growing."
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TKLF | Hot Stocks08:05 EST Yoshitsu announces launch of U.S. direct-store in Seattle - Yoshitsu announced the opening of its direct-sale store in the United States. The Store, set to open on December 8, 2023, will be located at 4514 University Way NE, Seattle, WA 98004, in the University District adjacent to the University of Washington. The Company believes that the opening of the Store marks a strategic step in its global market expansion. The Store, encompassing a floor area of 6,000 sq. ft. and featuring a range of over 8,000 stock keeping units, is situated near I-5 Express and U District light rail station. The Company believes that the location of the Store enhances its accessibility, and expects the Store to play an active part in local community events and activities. In addition, the store is expected to be uniquely designed to cater to customers in Seattle, with a focus on tech-related products. Mei Kanayama, the Principal Executive Officer of Yoshitsu, commented, "The opening of the Store in Seattle marks a milestone in our course of global expansion. We chose to open the Store in the University District, aiming to engage with diverse communities in Seattle. We are excited to bring our Japanese products to Seattle and look forward to becoming an integral part of the local community."
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WTW AJG | Hot Stocks08:05 EST WTW appoints Chris Condello to head newly created Asia risk divisionArthur J. Gallagher - WTW (WTW) announced the appointment of Chris Condello as Head of the newly created Asian Risk Division, within Corporate Risk and Broking, North America. The Asia Risk Division will consist of Japanese, South Korean, and newly created Indian and Chinese divisions. These groups were created to focus on the cultural and economic specialization of these distinct markets, along with the risk management styles of these countries. These practice groups will report to Chris Condello. Understanding the specialized risk profiles of these particular countries, this new division will provide unique services to each individual country, coupled with a targeted focus on industry specialization. As this new division structure is implemented, it will align our business on a global scale while managed by a leadership team that understands the cultural aspects and economic details of each country. Joining from Arthur J. Gallagher (AJG), Condello will be based in New York and will report directly to Ionel Rizea, CRB North America Chief Commercial Officer. Most recently serving as a Senior Client Executive focused on Complex Risks, he assisted in establishing both the Gallagher offices in India and Japan by recruiting talent and establishing reverse flow protocols to streamline business growth.
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CYCN | Hot Stocks08:04 EST Cyclerion Therapeutics appoints Graul as President - Cyclerion Therapeutics announced that Regina Graul, Ph.D., has joined the company as president, effective immediately. As Cyclerion's president, she will lead the organization and will work closely with, and report directly to, the board of directors. She will be responsible for creating, implementing, and executing strategy as well as building a uniquely talented cross-functional management team. With Graul's arrival, transitional commitments under the asset purchase agreement with Tisento Therapeutics completed, and general expense reductions largely in place, founding chief executive officer Peter Hecht, Ph.D. has completed his transitional assignment. As a result, he is stepping away from an operational role at Cyclerion, effective immediately, and will continue to work with Dr. Graul and her team as a strategic consultant and board director going forward. Regina most recently served as vice president, program executive at EQRx, where she led cross-functional development teams in oncology, using the latest in clinical innovation to create and deliver sustainable solutions.
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IVCGF | Hot Stocks08:03 EST Iveco Group to supply electric buses to QBUZZ in the Netherlands - IVECO BUS has won a significant tender to supply 140 electric buses to QBUZZ, the public transport operator in the Zuid-Holland Noord concession area in the Netherlands. Starting from December 2024, QBUZZ will operate 102 CROSSWAY Low Entry ELEC buses and 38 E-WAY units measuring 10.7 and 12 metres. These new vehicles will expand the existing fleet of electric articulated buses already supplied by IVECO BUS and currently in operation by QBUZZ in the Groningen-Drenthe region and Utrecht. Designed to meet all the challenges of urban transport, the electric solutions offered by IVECO BUS contribute to improved air quality and reduced noise levels in cities.
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TOI | Hot Stocks08:03 EST The Oncology Institute expands specialty medication business - The Oncology Institute announced that it has started operations of its first pharmacy in California after receiving approval from the California State Board of Pharmacy. This new service allows TOI to fill not only critical specialty medications and chemotherapeutics for MediCal patients, but also to provide medication fill capabilities to other patient populations. Located in the Los Angeles area, this new pharmacy location comes in addition to the multiple integrated specialty medication dispensaries that TOI already uses to manage oral and injectable medications. "We are ecstatic that we finally have the opportunity to significantly expand our oral drug business with this new pharmacy location," shared Chief Executive Officer, Dr. Daniel Virnich. "We are seeking to address the cancer care costs of hundreds of thousands of MediCal patients that we were unable to serve through our dispensaries. Now, we expect to be able to fill their medications more quickly and conveniently."
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VINE | Hot Stocks08:02 EST Fresh Vine enters into letter of intent with Live Entertainment - Fresh Vine Wine announced it has entered into a non-binding letter of intent for a business combination transaction with Notes Live. Notes Live is also in the process of developing the Sunset Amphitheatre, a luxury open-air music and entertainment amphitheater in Colorado Springs, is actively engaging in additional developments in Oklahoma City and Broken Arrow, Oklahoma, and plans to expand in the North Texas market. It is anticipated that a definitive agreement will be executed by January 31, 2024, with a closing anticipated in the second quarter of 2024, subject to various closing conditions. The letter of intent contemplates Fresh Vine combining with Notes Live through a merger transaction or other legal structure that is to be determined in connection with reaching a definitive agreement. The relative enterprise values of Fresh Vine and Notes Live will also be finalized in connection with reaching a definitive agreement, but the parties expect that the owners of Notes Live would own a substantial majority of the issued and outstanding shares of Fresh Vine common stock on a post-transaction basis, which may be in excess of 90%. Mike Pruitt, Interim CEO and Chairman stated, "After evaluating multiple potential transactions, we were drawn to Notes Live for several reasons. First, JW Roth and his team have a track record of success and an ability to execute. This along with the overall quality of the brand and people, made them the clear standout. We look forward to being a part of JW's vision for Notes Live, while supporting him in his relentless drive to succeed."
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ANSS | Hot Stocks08:02 EST Ansys announces departure of CFO Nicole Anasenes - Ansys announced that Nicole Anasenes, CFO and senior vice president of finance, will depart the company in the second quarter of 2024. Ansys has launched a search for a new CFO, whom Anasenes will help to transition into the role.
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DAR | Hot Stocks08:01 EST Darling Ingredients granted new patent for gelatin technology - Darling Ingredients announced that the U.S. Patent and Trademark Office has granted U.S. Patent No. 11795489B2 to its health brand Rousselot, securing Rousselot's intellectual property rights for StabiCaps, a specialized gelatin that improves the formulation and stability of soft gel capsules to enhance the release of active ingredients, including medications. StabiCaps addresses crosslinking, a common challenge in the dissolution of soft gel capsules that results in slower or incomplete release of nutrients or pharmaceutical ingredients contained within the capsule. Crosslinking occurs when soft gel capsules are exposed to specific active compounds or poor storage conditions causing molecular bonds, that limit or prevent dissolution of the capsule, to form within the capsule shell. In May 2022, the company also received a patent from the European Patent Office for StabiCaps for all major European countries.
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NYAX | Hot Stocks08:00 EST Nayax appoints Moshe Shmaryahu as CIO - Nayax announced that Moshe Shmaryahu recently joined the Nayax leadership team as Chief Information Officer. Shmaryahu will lead the company's information systems and Corporate IT, uniting the IT internal infrastructure and business applications under one roof to optimize the organization's systems and technology. Shmaryahu, who began serving as Nayax's Chief Information Officer last month, served for 11 years prior to this as COO, Senior Director of Operations and Infrastructure at the Union Bank of Israel. In his new role, Shmaryahu will report directly to the CEO, Yair Nechmad, and will be part of the leadership team. Both Corporate IT and IS functions will report directly to Shmaryahu.
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UBER | Hot Stocks07:55 EST Uber up 4% at $59.70 following the company's inclusion in S&P500 on Friday - Shares of Uber are up 4% or $2.35 in pre-market trading at $59.70 following the announcement that the stock will be included in the S&P 500 index effective December 18th.
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SLG VNO | Hot Stocks07:53 EST SL Green Realty, Vornado sign lease with tenant at 280 Park Avenue - SL Green Realty Corp. (SLG), and Vornado Realty Trust (VNO) announced that they have signed a 15-year renewal and expansion lease with a premier financial services tenant covering 269,905 square feet on six floors at 280 Park Avenue. Spanning the entire block front of Park Avenue between 48th and 49th Streets, 280 Park Avenue is a 1.25 million-square-foot Midtown Manhattan office building owned in joint venture between SL Green and Vornado.
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SLG | Hot Stocks07:44 EST SL Green Realty signs lease with Stonepeak Partners at 245 Park Avenue - SL Green Realty announced that Stonepeak Partners has signed a new 76,716 square foot, 15-year lease covering the entire 31st and 32nd floors at 245 Park Avenue. To date in 2023, SL Green has signed leases totaling 199,872 square feet in the building. 245 Park Avenue is a 1.8 million-square-foot, Class A office building located directly across from JP Morgan Chase's new world headquarters. SL Green has retained Kohn Pederson Fox to lead a redevelopment design which includes the installation of a jewel-like terra cotta overclad of the Park Avenue facade, new windows, new lobby and elevator cabs, plaza featuring colonnades of columnar trees, a 17,000 square foot wellness center with newly imagined golf lounge and grab-n-go, new 10,000 square foot, plaza level fine dining restaurant and new rooftop restaurant with landscaped roof patio.
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VMAR | Hot Stocks07:39 EST Vision Marine Technologies enters partnership with Blue Water Boat Rental - Vision Marine Technologies announces a significant expansion in Riviera Beach, Florida this month through a strategic partnership with Blue Water Boat Rental. A central aspect of this expansion is introducing the E-Motion 180E Powertrain System to renters. "The opening of our first rental operation in Florida this month marks a significant milestone in our quest to transform the boating industry, and this is just the beginning," stated Alexandre Mongeon, CEO of Vision Marine.
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RNW | Hot Stocks07:38 EST ReNew Energy Global signs climate change mitigation MoU with ADB - ReNew Energy Global signed a memorandum of understanding, or MoU, with the Asian Development Bank, or ADB, to collaborate on climate change mitigation and adaptation projects. The MoU covers projects with an investment value of more than $ 5.3B between 2023 and 2028. The MOU identified potential investments in renewable energy projects, manufacturing, carbon offset projects, green hydrogen, with the aim of jointly supporting sustainable energy transition.
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MRMD | Hot Stocks07:37 EST Marimed commences operations of Illinois processing facility - MariMed has begun manufacturing and processing cannabis products in its new processing kitchen in Mt. Vernon, Illinois. After lengthy construction and regulatory delays, the Company expects that its award-winning products will be available at dispensaries in Illinois in time for the holidays. These include MariMed's five Thrive Dispensary-branded retail locations in the state. The processing facility contains an extraction lab to produce concentrates, and a production kitchen for the manufacture of edibles and other derivative products. The cultivation facility is currently under construction in the same facility and is expected to be completed in 2024. MariMed intends to manufacture and distribute its proprietary brands and products throughout Illinois. That includes its Betty's Eddies fruit chews, Bubby's Baked soft and chewy baked edibles, Vibations hydrating drink mix, InHouse gummies, K Fusion chewable tablets, and more. Upon completion of the cultivation facility construction the Company plans to commence selling its Nature's Heritage flower through retail and wholesale channels. MariMed operates five Thrive Dispensary locations in Anna, Casey, Harrisburg, Metropolis, and Mt. Vernon, Illinois.
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ERJ | Hot Stocks07:36 EST Embraer to supply C-390 Millennium aircraft to Republic of Korea Air Force - South Korea's Defense Acquisition Program Administration has announced Embraer's C-390 Millennium as the winner of the Large Transport Aircraft II public tender to provide the Republic of Korea Air Force with new military transport aircraft. South Korea is the C-390 Millennium's first customer in Asia. Under the signed contract, Embraer will provide an undisclosed number of C-390 Millennium aircraft specially configured to meet ROKAF's requirements, as well as services & support including training, ground support equipment and spare parts. The value of the contract will be included in Embraer's backlog in the fourth quarter of 2023. Embraer will also provide a comprehensive consortium and offset package including a significant amount of C-390 Millennium parts to be locally manufactured by Korean partner companies and the development of a local Maintenance Repair and Overhaul (MRO) provider.
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PSN MSCI | Hot Stocks07:35 EST Parsons, MSCI change Parsons' GICS code to research, consulting services - Parsons Corporation (PSN) announced that S&P Dow Jones Indices and MSCI (MSCI) recently changed the company's Global Industry Classifications Standard Code to Research and Consulting Services acknowledging the company's status as a leading professional services provider.
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BABYF | Hot Stocks07:35 EST Else Nutrition completes first production of Kids ready-to-drink shakes - Else Nutrition announces it has successfully completed its first large-scale production run of its Ready-to-Drink Kids Shakes, a first-of-its-kind, whole food, nutritional shake with superior taste and texture, as well as the lowest sugar level in its product category. This production run helps ensure the Company's readiness for the imminent commercial rollout of its RTD Kids Shakes across North America starting December 2023. Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition, commented, "This production run is an important milestone, as we prepare for a large commercial launch around the RTD Kids Shakes. Through careful planning, we have met and are exceeding our production goals, which will allow us to capitalize on the strong interest among major retailers across North America. We believe this product complements our existing product lines, leverages our growing brand recognition, and addresses the market demand for a healthy and nutritious RTD product for kids. We believe our product can revolutionize the industry with better taste and texture, as well as less sugar and greater nutritional benefits. We look forward to providing updates on our commercial rollout across North America and remain committed to providing families with a better alternative for their children."
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SLG | Hot Stocks07:34 EST SL Green Realty board establishes annual ordinary dividend of $3.00 per share - SL Green Realty announced that its board of directors has established an annual ordinary dividend on SL Green's common stock of $3.00 per share. The ordinary dividend will continue to be paid in cash on a monthly basis. The first monthly ordinary dividend of $0.25 per share is payable on January 16, 2024, to stockholders of record at the close of business on December 29, 2023.
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VZ... | Hot Stocks07:34 EST Verizon to offer Netflix, Max streaming bundle as $10 per month myPlan perk - Verizon is partnering with Netflix (NFLX) and Max (WBD) to offer its customers savings on a first-of-its-kind streaming bundle. The news: Starting December 7 and for the first time, ad-supported services from entertainment giants Netflix and Max will be offered together - only for Verizon's myPlan customers - for just $10 per month, providing them with over 40% savings. That means customers can get two content bundles with myPlan perks - the Disney (DIS) Bundle and the Netflix & Max bundle - which include five streaming services for just $20 per month.
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CME | Hot Stocks07:33 EST CME Group reached ADV of 28.3M contracts in November - CME Group reported its November 2023 market statistics, reaching an average daily volume of 28.3M contracts during the month, an increase of 21% over 2022 and the company's highest-ever November ADV on record. Reference Link
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ABSI AZN | Hot Stocks07:32 EST Absci enters collab with AstraZeneca to advance AI-driven oncology candidate - Absci (ABSI) announced a collaboration with AstraZeneca (AZN), a global biopharmaceutical company, to deliver an AI-designed antibody against an oncology target. This collaboration combines Absci's Integrated Drug Creation platform with AstraZeneca's expertise in oncology with the goal of accelerating the discovery of a potential new cancer treatment candidate. Absci will contribute its pioneering generative AI technology to deliver a therapeutic candidate antibody for a specified oncology target. The agreement includes an upfront commitment, R&D funding and milestone payments, in addition to royalties on product sales. "AstraZeneca is a leader in developing novel treatments in oncology, and we are excited to collaborate with them to design a therapeutic candidate antibody with the potential to improve the lives of cancer patients," said Sean McClain, Absci Founder & CEO. "This agreement advances Absci's goal of creating a new generation of life-changing and transformative therapeutics using its AI platform."
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SAIA | Hot Stocks07:32 EST Saia reports November LTL shipments per workday increased 18.9% YoY - Saia is providing LTL shipment and tonnage data for the first two months of the fourth quarter. In October 2023, LTL shipments per workday increased 18.0%, LTL tonnage per workday increased 7.8% and LTL weight per shipment declined 8.6% to 1,321 pounds. In November 2023, LTL shipments per workday increased 18.9%, LTL tonnage per workday increased 9.2% and LTL weight per shipment declined 8.1% to 1,313 pounds.
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GNRC WBX | Hot Stocks07:31 EST Generac, Wallbox announce strategic investment and commercial agreement - Generac Power Systems (GNRC) announced it has made a minority investment in Wallbox (WBX). The minority investment includes adding a Generac seat on Wallbox's board of directors and a global commercial agreement to provide Generac's residential and commercial customers with the next generation of energy management systems. Through the execution of the commercial relationship, Generac will offer its customers Wallbox's full suite of EV charging solutions, including L2 AC chargers and its bidirectional charger, Quasar 2. Generac's 60+ years of experience distributing energy resilience devices and its extensive network of approximately 8,700 dealers will be a strategic addition to Wallbox's distribution network in the U.S. Generac's distribution of Wallbox's technology, including its DC fast charger, Supernova, and installation services through COIL, will accelerate the development of energy ecosystems for businesses with public access such as supermarkets, shopping centers, and restaurants by providing access to reliable DC fast chargers that can add up to 100 miles to an EV in ten minutes.
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CTO | Hot Stocks07:31 EST CTO Realty Growth announces sale of three single tenant outparcels for $9.2M - CTO Realty Growth announced the closing of the sale of three single tenant outparcels in Chandler, Arizona for a combined sales price $9.2 million, representing a weighted average exit cap rate of 5.9% and generating aggregate gains on sale of approximately $3.0 million. The outparcels are leased to Olive Garden, Old Chicago Pizza + Taproom, and Mattress Firm and were part of the Company's Crossroads Towne Center property. "We're pleased with the attractive pricing we received on these property sales, as these dispositions continue our efforts to sell smaller format properties to paydown debt as we search for higher growth, larger format investment opportunities," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth, Inc. "Our year-to-date dispositions cap rate of 6.4% is accretive to the $64 million of debt we recently repaid, which had an in-place floating rate of 7.1%, and also compares favorably to the yield on our most recent acquisition located in a growing submarket of Dallas, Texas."
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ATHE | Hot Stocks07:27 EST Alterity Therapeutics reports efficacy data for ATH434 in Parkinson's Disease - Alterity Therapeutics announced that new data on the effect of ATH434 in a Parkinson's disease primate model was presented at the Future of Parkinson's Disease Conference 2023 that took place November 30 - December 3, 2023 in Austin, TX, USA. The poster, entitled, "Effects of ATH434, a Clinical-Phase Small Molecule with Moderate Affinity for Iron, in Hemiparkinsonian Macaques", was presented by Margaret Bradbury, PhD, Vice President of Research and Nonclinical Development at Alterity and collaborators from Vanderbilt University Medical Center and the Florey Institute of Neuroscience in Melbourne. The presentation demonstrated that ATH434 treatment improved motor performance and general function in monkeys with experimentally induced Parkinson's disease. The favorable impact on Parkinson's symptoms was associated with lower iron levels in the area of pathology. In addition, ATH434 treatment increased levels of synaptophysin, a protein marker that reflects functional connections between neurons. The study compared daily oral doses of ATH434 versus a vehicle for 12-14 weeks after parkinsonian symptoms were evident. Monkeys were assessed with the Parkinson Behavior Rating Scale before, during and after dosing. At Week 12, all evaluable ATH434-treated monkeys had stable or improving PBRS scores from Baseline to Week 12 whereas two of three vehicle-treated monkeys did not demonstrate improvement or worsened, as expected from the progressive nature of the Parkinson model. The components of the PBRS scale indicate that ATH434 reduced motor impairment and improved general functions such as posture, balance, activity, and gait. Favorable parkinsonian outcomes observed in each of the ATH434-treated monkeys were associated with lower iron in the right substantia nigra. In addition, monkeys with improved scores had higher right dorsal striatal synaptophysin, indicating functional recovery of nerve endings in this critical motor pathway.
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SSNT | Hot Stocks07:24 EST Brad Jacobs to lead equity investment of $1B in SilverSun Technologies - SilverSun Technologies and Jacobs Private Equity II, which is led by Brad Jacobs, announced that they and minority co-investors have entered into an investment agreement, pursuant to which JPE and the minority co-investors will invest $1 billion in cash into SilverSun. The proposed equity investment is comprised of $900 million by JPE and $100 million by co-investors, including Sequoia Heritage. Upon the closing of the equity investment, JPE will become the majority stockholder of SilverSun and Jacobs will become the Company's chief executive officer and chairman of its board of directors. The Investment Agreement also provides for the spin-off of the Company's existing business to SilverSun stockholders as of a record date that is expected to be one day prior to the closing of the investment. The remaining Company will become a standalone platform for significant acquisitions in an industry to be announced soon, along with the company's new name. Under the terms of the Investment Agreement, the Company will, shortly after the closing of the investment, separate the existing SilverSun business as SilverSun Technologies Holdings and distribute all shares of the spin-off company to the stockholders of SilverSun as of a record date that is expected to be one day prior to the closing of the equity investment. The Company will also effect an 8:1 reverse stock split prior to the closing of the equity investment. Upon the closing of the investment and the effectiveness of the reverse stock split, JPE, Sequoia Heritage and the other co-investors will have: voting, convertible preferred stock that, in aggregate, is convertible into approximately 219 million shares of the Company's common stock at a price of $4.57 per share; and warrants to purchase an additional approximately 219 million shares of the Company's common stock at post-reverse-split exercise prices of: $4.57 per share with respect to 50% of the warrants, $6.85 per share with respect to 25% of the warrants, and $13.70 per share with respect to the remaining 25% of the warrants. Following the closing of the investment, JPE and the co-investors will own approximately 99.85% of the Company's common stock on a fully convertible/exchangeable basis. In addition, SilverSun will declare a $2.5 million aggregate cash dividend to its stockholders as of the same record date, to be funded from proceeds received under the Investment Agreement. The transactions contemplated by the Investment Agreement have been approved by SilverSun's board of directors, and are expected to be completed in 2024. The transactions are subject to SilverSun stockholder approval and the satisfaction of other customary closing conditions. The Company's current management and board of directors, including Mark Meller, SilverSun's chief executive officer, are expected to continue in their current roles at the spin-off company and its subsidiaries. The spin-off company will apply for a public listing of its shares, which will be registered pursuant to a Form 10 registration statement that will be filed with the U.S. Securities and Exchange Commission.
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XXII | Hot Stocks07:21 EST 22nd Century secures $3.2M to date in warrant exchange transaction - 22nd Century Group announced the exercise of warrants by certain holders pursuant to its previously announced warrant inducement offering. During the inducement period, certain holders of the Company's existing warrants acquired an aggregate of 14,767,386 shares of common stock upon exercise of their existing warrants at a reduced exercise price of $0.215. To date, the Company has received aggregate gross proceeds of approximately $3.2M from the exercise of the existing warrants, before deducting placement agent's fees and other offering expenses payable by the Company. The Company expects to use the net proceeds of the offering for general corporate purposes. The Special Equities Group, a division of Dawson James Securities, Inc., is acting as the sole placement agent for this offering.
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BAM... | Hot Stocks07:20 EST Brookfield to evaluate next steps with respect to Origin Energy - Brookfield Asset Management (BAM), together with its listed affiliate Brookfield Renewable Partners (BEP), acknowledges the announcement today by Origin Energy (OGFGF) of the result of Origin's shareholder vote in respect of the previously announced Scheme of Arrangement with Brookfield, its institutional investors, and EIG. Origin's shareholders voted 69% in favor of the transaction, which was short of the required 75% approval level required. In light of the result of the vote, Brookfield will evaluate its next steps, if any, with respect to Origin, given the strong level of Origin shareholder support for its proposal and taking into account the potential impact to Origin of the Australian Government's recently announced proposed expansion to its Capacity Investment Scheme and National Energy Transformation Partnership. "We are seeing plentiful opportunities to deploy capital at or above our target returns, as demand for clean power from corporations continues to accelerate and access to capital is becoming increasingly scarce for some market participants. We remain confident that we will deploy at least $7 to $8 billion of equity capital into growth over the next five years, consistent with our targets," said Connor Teskey, CEO Brookfield Renewable. "Specifically, our plan to accelerate the transition of Origin has generated significant interest from similar businesses around the world, who are seeking a capital and operating partner to enhance the value of their businesses by accelerating their transition."
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GILT | Hot Stocks07:18 EST Gilat Satellite announces U.S. army awarded nearly $20M contract to Wavestream - Gilat Satellite Networks announced that the United States Army awarded a nearly $20M contract to the company's US-based subsidiary, Wavestream, for the continuation of a program to sustain anytime, anywhere satellite connectivity. Wavestream's Solid State Amplifier, SSPA, ruggedized to withstand the harshest environments, enables the Satellite Transportable Terminals, STTs, used in this program to deliver a "Communications-on-the-Pause" solution across diverse climates and conditions around the globe. "With more than a decade and a half of field proven performance, the Wavestream 50W Ka SSPA continues to satisfy the Army's need for dependable satellite communications in support of our warfighters operating in harsh and hostile environments around the world," said Bob Huffman, Wavestream's General Manager and Gilat's Senior VP. "Over the years, we've deployed thousands of BUCs to the military and we take great pride in providing proven technology that's fielded for mission-critical telecommunications."
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EMOTF | Hot Stocks07:17 EST Emerita Resources files supporting documentation for exploitation license - Emerita Resources announces that through its wholly-owned Spanish subsidiary, Emerita Resources Espana S.L.U., it has submitted all the required documentation to support its application to the "Delegacion Territorial de Energia y Minas in Huelva province, Junta de Andalucia" for an exploitation licence for Emerita's wholly-owned Iberian Belt West project. The Supporting Documentation includes all technical aspects for mining and processing at the IBW Project, as well as associated infrastructure, equipment and tailings storage facilities in order to build and operate a mine; and a restoration plan. Although the Exploitation Licence application and Supporting Documentation is thorough with all technical aspects of the Project necessary to receive the appropriate approvals from the Spanish authorities, it has not been prepared in compliance with National Instrument 43-101 and, consequently, economics for the Project cannot be disclosed at this time. The Supporting Documentation, including the environmental parameters, basic engineering, along with a revised mineral resource estimate incorporating new drill results, will comprise the basis for a NI 43-101 compliant economic study in the first half of 2024. The Exploitation Licence in Spain, when granted, has a 30-year term and can be extended for two subsequent 30-year periods.
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MKSI | Hot Stocks07:17 EST MKS Instruments announces CFO Bagshaw to retire - MKS Instruments announced that Seth Bagshaw, 64, will retire as Executive Vice President, Chief Financial Officer, CFO, and Treasurer, effective April 1, 2024, following a distinguished 18-year career with the Company. Bagshaw will serve as a special advisor to the Company through May 1, 2024. MKS has retained a leading executive recruiting firm to conduct a comprehensive search for MKS' next chief financial officer.
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TCRX | Hot Stocks07:16 EST TScan Therapeutics appoints McCue as Chief Technology Officer - TScan Therapeutics announced the appointment of Justin McCue, Ph.D., as its Chief Technology Officer. Dr. McCue joins TScan with over 20 years of experience in biologics and cell therapy manufacturing, including process/analytical development, technical operations, clinical development, and commercialization of T cell therapy products. Dr. McCue joins TScan from Avectas, a cell engineering technology company, where he most recently served as Chief Technology Officer responsible for leading technology development and scientific strategy.
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MFGCF | Hot Stocks07:15 EST Mayfair Gold announces completion of Fenn-Gib geotechnical study - Mayfair Gold announced the completion of the geotechnical and hydrogeology studies in support of pre-feasibility-level open-pit design for the Fenn-Gib Project. Mayfair's 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit-constrained Indicated mineral resource estimate of 3.38 million ounces gold at a grade of 0.93 grams per tonne Au, and an Inferred mineral resource of 0.16Moz Au at 0.85 g/t Au. The near-surface Fenn-Gib gold mineralization is broadly disseminated striking east-west on the Pipestone Fault over more than 1.5 kilometers (km) and is over 500 meters wide at the west end. Mayfair Gold president and CEO Patrick Evans noted: "Since acquiring Fenn-Gib three years ago, Mayfair has increased the open-pit resource by over 70 percent, advanced drilling on the Footwall and Contact Zone discoveries, advanced baseline environmental studies, completed pre-feasibility level metallurgical studies, and now completed pre-feasibility level geotechnical studies. We are now preparing to commence a pre-feasibility study, which we expect to be completed by mid-2024." Mayfair Gold contracted InnovExplo Inc. to manage the geotechnical and hydrogeology campaign. Field data was collected from geomechanical drilling, televiewer, and hydrogeological analyses to support laboratory testing. Seven geomechanical holes were drilled and 11 holes were surveyed using televiewer. A total of 395 laboratory tests were performed to characterize the rock mass, along with various point load tests and other tests. The geological and geomechanical surveys described eight distinct geomechanical units-including the deformation zone, mafics, and sedimentary units, which form most of the modeled pit walls. Laboratory tests were carried out on all geomechanical units, except for the diabase and the ultramafic volcanic units. All geomechanical units demonstrated good rock mass quality based on the RMR89, Q-system, and GSI classifications, except for the diabase, which has an average Q-value of "weak." The mafics, main zone, and sedimentary units yielded the best properties from the laboratory tests, with uniaxial compressive strength estimated over 100 MPa. The deformation, footwall, and pyroxenite zones showed lower property values. Mr. Evans added: "The geotechnical study confirms the potential to extend the Fenn-Gib open-pit to below 550m. This is attributable to highly favorable broadly disseminated nature of the Fenn-Gib gold mineralization and the competence of the country rock. At a conservative overall pit slope of 45 degrees, the Fenn-Gib open pit could be safely developed to a depth of 560m. This would place Fenn-Gib among the deepest open pits globally."
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OKYO | Hot Stocks07:15 EST Okyo Pharma announces last patient enrolled in OK-101 trial - OKYO Pharma announces the last patient of a planned 240-patient double-blind placebo-controlled phase 2 clinical trial of OK-101 to treat DED has completed the 12-week OK-101 dosing study. In addition, data analysis plans for the trial have now been finalized and submitted to FDA for feedback, in anticipation of database lock, subsequent data analysis, and reporting of top-line findings on OK-101. "With the final patient visit now completed in the phase 2 DED trial, we remain on track with the release of top-line results in December of this year," said Gary S. Jacob, Ph.D., CEO of OKYO Pharma. "OK-101 has been shown in pre-clinical animal studies to display dual-action anti-inflammatory and neuropathic corneal pain-reducing activities and we are eagerly awaiting the results of this first clinical trial of OK-101 in patients to assess the drug's potential to treat DED."
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CIFR | Hot Stocks07:14 EST Cipher Mining reports 433 bitcoin mined in November - Reports November bitcoin mined 433, bitcoin sold 391, bitcoin held 558, deployed mining rigs 70,000. "Cipher's production really hit its stride in November, when we mined more bitcoin than October despite having a day less on the calendar and average monthly network hash rate rising ~6.5% month-over-month. With Odessa fully up and running, we have continued to focus on improving machine repairs and available uptime, allowing us to achieve an all-time high site hash rate of ~6.24 EH/s at Odessa alone. We finished the month with the potential to mine up to ~15.7 bitcoin2 per day and continue to build our bitcoin inventory, ending the month with approximately 558 BTC," said Tyler Page, CEO of Cipher.
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LTHCF | Hot Stocks07:13 EST Lithium Ionic appoints Paulo Guimaraes Misk as COO - Lithium Ionic announced the appointment of Paulo Guimaraes Misk, as COO to lead the development of the Bandeira Lithium Project, in Minas Gerais State, Brazil. As an industry leader, Mr. Misk will strengthen the Company's executive team and its technical and operational capabilities as it quickly accelerates the Bandeira project. Prior to joining Lithium Ionic, Paulo held several executive and operational roles at Largo Inc. between 2014-2023, including President and COO, and most recently CEO and board member.T he Company also announces that Mr. Misk has been awarded 150,000 stock options to purchase common shares of the Company pursuant to the Company's Stock Option Plan. The Options are exercisable to purchase common shares of the Company at an exercise price of $1.60 per common share for a period of five years expiring on December 1, 2028. The grant of Options is subject to approval of the TSX Venture Exchange.
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MGA ERIC | Hot Stocks07:11 EST Magna enhances ADAS capabilities by joining 5G innovation program - Magna (MGA) is enhancing its automated driving capabilities by joining NorthStar - Telia Sweden and Ericsson's (ERIC) 5G innovation program for industrial enterprises. As part of the agreement, Telia and Ericsson have built a dedicated, private 5G network at Magna's test track located in Vundefinedrgundefinedrda, Sweden, where new cutting-edge Advanced Driver Assistance System, ADAS, solutions in vehicle-to-vehicle and vehicle-to-everything connectivity are being trialed. As part of NorthStar, Magna will have access to 5G millimeter wave technology, enabling low latency gigabit speeds and seamless connectivity for new ADAS trials. Additionally, the use of mmWave technology enables ongoing research into joint sensing and communication systems. "By utilizing the latest advancements in mobile networks, we are able to accelerate the automotive domain by offering sensor enhancements and as a result offer more capable and competitive ADAS products," said Bill Snider, President of Electronics. "Our focus is not only on meeting challenging technical requirements, but also on developing products that can help anticipate critical situations to prevent accidents, ultimately making the roads safer for all."
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OXBDF | Hot Stocks07:10 EST Oxford Biomedica to acquire ABL Europe from Institut Merieux - Oxford Biomedica entered into a sale and purchase agreement with TSGH SAS, a subsidiary of Institut Merieux, for the acquisition of ABL Europe SAS. This follows the announcement on 20 September 2023, of exclusive negotiations in relation to the proposed acquisition by Oxford Biomedica of ABL Europe, a pure-play European CDMO with specialised expertise in the development and manufacturing of solutions for biotechs and biopharma including viruses for gene therapy, oncolytic viruses and vaccine candidates, in exchange for Oxford Biomedica ordinary shares. The acquisition of ABL Europe will consolidate Oxford Biomedica's operations into a global pure-play CDMO in the cell and gene therapy space. It will broaden the Company's international presence by establishing a footprint within the European Union through facilities located in Lyon and Strasbourg, France. In addition, the acquisition will increase Oxford Biomedica's capacity in process and analytical development and early-stage manufacturing and address increased client demand for process development. ABL Europe currently works on more than 10 cell and gene therapy programmes spanning disease areas including more than six different vector types. Forecasted revenues for ABL Europe for the year ending 31 December 2023 are c.EUR 15 million. Institut Merieux has acquired a 3.3 per cent stake in Oxford Biomedica, through purchases in the open market, which it intends to increase to approximately 10.0 per cent in aggregate by the end of Q3 2024. Completion of the Transaction is currently expected to take place in the first quarter of 2024 subject to the satisfaction and/or waiver of outstanding conditions, including obtaining the necessary regulatory approvals. Upon Completion, the Transaction is expected to be immediately revenue accretive to Oxford Biomedica. Further financial guidance will be provided after Completion. As at 31 December 2022, ABL Europe had earnings before interest tax and depreciation of c.EUR (1.7)m and gross assets of c.EUR 23.6m. The Transaction constitutes a Class 2 transaction for the Company for the purposes of the UK Financial Conduct Authority's Listing Rules. As previously disclosed, key details of the Transaction follow below: Acquisition of ABL Europe by Oxford Biomedica for a consideration of EUR 15 million, to be satisfied by the issue of new ordinary shares in the Company. The Consideration Shares will be issued at a price being the higher of 407.4 pence per share equating to the 6-month volume weighted average price. to market close on 19 September 2023; and the VWAP between 19 September 2023 and the second trading day before the date of Completion. Applications will be made for the Consideration Shares to be admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to be admitted to trading on the main market for listed securities of the London Stock Exchange plc. Commitment from Institut Merieux to provide the Company with EUR 20 million of additional funding, to cover capital expenditure and potential operational losses in relation to the acquisition of ABL Europe, by means of an equity subscription in the Company, with timing at Oxford Biomedica's discretion prior to 27 September 2024. Pursuant to the Deferred Equity Subscription, Institut Merieux will provide the additional funding by the end of Q3 2024, or such earlier date requested by Oxford Biomedica subject to 10 business days prior notice to Institut Merieux, in exchange for Oxford Biomedica ordinary shares.The Deferred Subscription Shares will be issued at a price being the 30-day VWAP to closing on the second business day before the Deferred Subscription Date.
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CORR SR | Hot Stocks07:10 EST CorEnergy announces suspension of NYSE status - CorEnergy Infrastructure Trust, announced that on December 1, it received notice that the New York Stock Exchange has determined to suspend trading of and commenced proceedings to delist shares of CorEnergy's common and preferred stock. The notice was issued because the Company fell below the NYSE's continued listing standard requiring an average global common stock market capitalization of at least $15 M over a consecutive 30 trading day period. CorEnergy's common and preferred stock are now trading on the over-the-counter marketplace under the symbols CORR and CORRL, respectively. The Company intends to appeal the delisting determination. A delisting of CorEnergy's common stock from the NYSE, if the Company's appeal is not successful, would trigger a requirement to repurchase the Company's 5.875% convertible notes at par value, as previously disclosed. As a result, any such repurchase offer, if required, would not be made until after the NYSE appeal is resolved. The change in listing status does not impact the Company's commitment to providing safe, reliable, and environmentally sustainable service to the customers and communities that CorEnergy serves. The Company is already engaged in strategic efforts to improve its business operations and balance sheet. CorEnergy has announced the pending sale of its MoGas and Omega pipeline system to Spire for approximately $175M in cash. The transaction is expected to close around the end of the year, subject to FTC review, and CorEnergy intends to use proceeds from the sale to reduce its overall indebtedness.
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CMRX | Hot Stocks07:09 EST Chimerix promotes LaSpaluto to Chief Financial Officer - Chimerix announced the promotion of Michelle LaSpaluto, Vice President of Corporate Financial Planning and Investor Relations, to Chief Financial Officer effective December 1, 2023. Since joining Chimerix in 2011, LaSpaluto has served in roles of increasing responsibility spanning finance, accounting, project planning, investor relations and strategy, most recently as Vice President Corporate Financial Planning and Investor Relations.
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NFYEF | Hot Stocks07:08 EST NFI Group announces first order for Alexander Dennis buses from Spokane Transit - NFI Group announced that it will supply Enviro500 double-deck buses to Spokane Transit Authority, STA, following an order for seven vehicles. The Alexander Dennis Enviro500 will be the first double-deck transit buses in Spokane, Washington and its surrounding urban areas. They will serve Spokane Transit's Cheney service, made up of two primary routes numbered 6 and 66. These link Eastern Washington University, the West Plains Transit Center, which is a major hub for connections to job sites in that area including a large Amazon Fulfillment Center, downtown Spokane, and the University District near downtown Spokane. The buses will be built in the United States as part of the recently announced partnership between Alexander Dennis and Big Rig Manufacturing and are expected to be delivered in 2025. They will be supported in operation by Alexander Dennis's own staff as well as through the wider NFI Parts organisation.
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RDHL | Hot Stocks07:07 EST RedHill Biopharma announces new non-dilutive external funding - RedHill Biopharma announced new non-dilutive external funding, additional to the previously announced U.S. Government funding, which now covers the entirety of the RHB-107 (upamostat) arm of the ACESO PROTECT adaptive platform trial for early COVID-19 outpatient treatment. This additional funding amounts to approximately $4.8M directed towards evaluation of RHB-107 in the PROTECT study.
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AIRE | Hot Stocks07:07 EST reAlpht to acquire real estate AI firm Naamche, no terms - reAlpha Tech announced that it has entered into definitive agreements to acquire Naamche a technology company focused on developing AI-powered solutions for large industries, including real estate. Acquiring Naamche will serve to advance reAlpha's long-term plan to become a leading AI solutions provider for the real estate industry. "With the digitization of the global real estate market accelerating at an unprecedented pace, we believe the intersection of real estate and technology has never been more critical," said Giri Devanur, CEO of reAlpha. "We are excited to bring the company's experienced leadership, unique capabilities and mutual desire to help lead the real estate industry's technological revolution. This transaction aligns with our strategy to methodically build and scale an enterprise with best-in-class AI-powered solutions." Upon completion of the Acquisition, Naamche's founder and CEO, Ramesh Pathak, will continue to lead Naamche as President and will report to Mr. Devanur. Naamche will integrate into reAlpha's larger operational framework, aligning the strengths of both companies. The Acquisition, which was approved by reAlpha's Board of Directors, consists of a purchase price that includes a combination of cash and equity, and is contingent upon jurisdictional and customary closing conditions, regulatory review and approval. For additional details concerning the terms of the Acquisition, please reference the Company's current report on Form 8-K which will be filed with the U.S. Securities and Exchange Commission
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TRVN | Hot Stocks07:07 EST Trevena announces TRV045 presentation at ACNP meeting - Trevena announced a poster presentation at the 62nd Annual Meeting for the American College of Neuropsychopharmacology, ACNP. The conference is being held from December 3rd to 6th, 2023. The poster discussed the potential utility of TRV045 for the treatment of chemotherapy-induced peripheral neuropathy using an established nonclinical model. CIPN is a nerve-damaging side effect of antineoplastic agents and occurs in approximately 70% of oncology patients undergoing chemotherapy. In addition, the Company is currently collaborating with the National Institutes of Health, NIH, to evaluate TRV045 for the potential treatment of epilepsy and as a nonopioid treatment for pain. "These are compelling nonclinical findings for TRV045 that add to our growing understanding of its mechanism and the potential use in a range of CNS disorders, including neuropathic pain," said Mark Demitrack, M.D., Senior Vice President and Chief Medical Officer of Trevena.
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TRVN | Hot Stocks07:06 EST Trevena awarded OLINVYK agreement with Premier - Trevena has been awarded a national group purchasing agreement for OLINVYK with Premier, Inc. Effective December 1, 2023, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for OLINVYK.
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APLM | Hot Stocks07:05 EST Apollomics presents interim data from ongoing Phase 2 trials with vebreltinib - Apollomics announced the presentation of vebreltinib efficacy and safety data from the ongoing multi-cohort Phase 2 KUNPENG trial and the ongoing global multi-cohort Phase 2 SPARTA trial at the 2023 IASLC North America Conference on Lung Cancer, that was held December 1-3, 2023, in Chicago, Illinois. Vebreltinib appears efficacious in non-small cell lung cancer patients with MetExon14 skipping mutation with or without co-occurring MET amplification. Of the 83 NSCLC patients with MetExon14 skipping mutation with available gene copy number data from the Phase 2 KUNPENG and SPARTA trials, 91.6% did not have co-occurring MET amplifications, reflecting the real-world distribution of the NSCLC patients with MetExon14 skipping mutation from two large public databases. NSCLC patients with MetExon14 skipping mutation without co-occurring MET amplification from the KUNPENG and SPARTA trials showed an overall response rate of 64.5% and a median duration of response of 15.9 months, and those with overlapping MET amplification achieved ORR of 85.7%. To date, more than 500 patients and 170 healthy volunteers have been dosed with vebreltinib. The safety profile is generally acceptable. Preliminary efficacy and safety data from the Phase 2 KUNPENG and SPARTA trials in patients with MetExon14 skipping mutation is presented in poster PP01.104 titled, "Vebreltinib Efficacy In MetEx14 Mutant NSCLC With or Without Concurrent MET Amplification, MET GCN Status Distributions Compared With Public Databases." The preliminary data from NSCLC patients with MetExon14 skipping mutation from the KUNPENG and SPARTA trials showed the following efficacy and safety results: ORR in patients without co-occurring MET amplification was 64.5%, with median DOR of 15.9 months and Disease Control Rate of 88%. ORR in patients with MET amplification was 85.7%, with DCR of 100%. mDOR was not reached. There were only 2 patients with GCNgreater than or equal to6, and both achieved partial response. Treatment-related adverse events of grade 3 or higher were reported in 42.2% of patients, with the most common being edema and ALT increase. Of NSCLC patients with MetExon14 skipping mutation with available GCN data included in this analysis, 91.6% had no co-occurring MET amplification, similar to 83.6% and 91.9% in two public databases.
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TNXP | Hot Stocks07:05 EST Tonix announces IND clearance by FDA for Phase 2 trial of TNX-2900 - Tonix Pharmaceuticals announced the U.S. Food and Drug Administration, FDA, has cleared the Investigational New Drug, IND, application to support clinical development of TNX-2900, a proprietary magnesium-enhanced formulation of intranasal oxytocin, to treat Prader-Willi syndrome, PWS, in children and adolescents. TNX-2900 for the treatment of PWS was granted Orphan Drug designation by the FDA in 2022. The Phase 2 study approved by the IND is a dose-finding study involving approximately 36 PWS patients divided into four groups with approximately nine PWS patients per group. One group will receive placebo and three groups will receive different dosage regimens of TNX-2900. Tonix intends to seek a partner to advance TNX-2900 for PWS in clinical development. "We are pleased that TNX-2900 is cleared for clinical studies for the treatment of PWS in children and adolescents as there remains a significant need for new therapies, particularly for PWS hyperphagia, which currently has no approved treatments," said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "PWS is the most common genetic cause of life-threatening childhood obesity.3,4 We believe adding Mg2+ to the formulation has the potential to improve intranasal oxytocin's therapeutic action."
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EYPT | Hot Stocks07:03 EST EyePoint announces EYP-1901 achieved primary endpoints in Phase 2 trial - EyePoint Pharmaceuticals announced positive topline results of its Phase 2 DAVIO 2 trial of EYP-1901, an investigational sustained delivery maintenance treatment for wet age-related macular degeneration combining vorolanib, a selective tyrosine kinase inhibitor with bioerodible Durasert E. The clinical trial met its primary endpoint with both EYP-1901 doses demonstrating statistical non-inferiority change in best corrected visual acuity compared to aflibercept control and a favorable safety profile with no EYP-1901-related ocular or systemic serious adverse events. The trial also achieved key secondary endpoints with both EYP-1901 doses, including an over 80% reduction in treatment burden, nearly two-thirds of eyes supplement-free up to six months and over 80% receiving only zero or one supplement up to six-months. Additionally, there was strong anatomical control with both EYP-1901 cohorts as measured by optical coherence tomography. DAVIO 2 topline interim results include: Both EYP-1901 doses achieved all primary and secondary endpoints. Statistical non-inferiority in change in BCVA compared to aflibercept control, at weeks 28 and weeks 32 combined. The 2mg and 3mg doses were only -0.3 and -0.4 letters different, respectively, versus on-label aflibercept. The lower limit of the non-inferiority margin is defined as a -4.5 letters by the FDA with 5 letters representing one line on the eye chart. Continued positive safety and tolerability profile with no EYP-1901-related ocular or systemic SAEs. 89% and 85% reduction in treatment burden, respectively, for the 2mg and 3mg EYP-1901 doses. 65% and 64% of eyes were supplement free up to six-months, respectively, for the 2mg and 3mg doses of EYP-1901. Both EYP-1901 doses demonstrated strong anatomic control with OCT difference below 10 microns at week 32 compared to the aflibercept control. Patient discontinuation up to week 32 was low at 4%.
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GP | Hot Stocks07:03 EST GreenPower Motor announces first orders of Nano BEAST for New York market - GreenPower Motor Company announced its first orders for the Type A all-electric, purpose-built, zero-emission Nano BEAST school bus for the New York market through its dealer Leonard Bus Sales. Chatham Central School District, a quintessential rural community in Upstate New York, has placed the first order for a GreenPower Type A Nano BEAST. Another Nano BEAST purpose-built school bus will serve as a demo vehicle that Leonard Bus Sales will use to introduce schools throughout the state to GreenPower's offerings of all-electric school buses.
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ETNB | Hot Stocks07:02 EST 89bio reaches alignment with FDA, EMA on Phase 3 pegozafermin program - 89bio announced a successful end-of-Phase 2 Meeting with the U.S. Food & Drug Administration supporting the advancement of pegozafermin into Phase 3 in NASH. The program will include two Phase 3 trials evaluating patients with NASH: ENLIGHTEN-Cirrhosis will enroll patients with compensated cirrhosis and ENLIGHTEN-Fibrosis will enroll patients with fibrosis stage F2-F3. The F2-F3 and the F4 trials are expected to initiate in the first quarter and the second quarter of 2024, respectively. Initial scientific advice received from EMA was generally aligned with the feedback from the FDA. The planned ENLIGHTEN program will be comprised of two randomized, double-blinded, placebo-controlled Phase 3 trials, evaluating the efficacy and safety of pegozafermin in patients with NASH. ENLIGHTEN-Cirrhosis, in patients with compensated F4 NASH: The trial will evaluate the efficacy and safety of pegozafermin administered 30mg weekly. Histology Portion: The primary endpoint will be regression of fibrosis from F4 to an earlier stage of fibrosis. This endpoint is planned to be assessed at 24 months, with the potential to assess it earlier based on the evolving clinical and regulatory landscape. This primary endpoint is intended to support a filing for accelerated approval in the United States and conditional approval in Europe in F4 patients. Outcome Portion: Patients will continue to be treated in a blinded extension phase through clinical outcome events that are expected to be predominantly decompensation events. Alignment with the FDA on modified definitions of some of these events could allow the trial to reach the final number of events more quickly and therefore accelerate the timeline to trial readout. Positive results would support full approval in F4 patients and will also serve as confirmatory full approval in F2-F3 patients. ENLIGHTEN-Fibrosis, in patients with F2-F3 NASH: The trial will evaluate the efficacy and safety of pegozafermin administered 30mg weekly and 44mg every-two-weeks. Histology Portion: The co-primary endpoints will be a one-point improvement in fibrosis with no worsening of NASH and NASH resolution with no worsening of fibrosis. These endpoints will be assessed at week 52 and are intended to support a filing for accelerated approval in the U.S. and conditional approval in Europe in F2-F3 patients. Outcome Portion: Patients will continue to be treated in a blinded extension phase to measure clinical outcomes to support full approval in F2-F3 patients. The clinical outcome events are expected to be primarily due to progression to cirrhosis. Both ENLIGHTEN-Fibrosis and ENLIGHTEN-Cirrhosis will enroll a significant proportion of patients on stable doses of GLP-1 based therapies and data from these patients in the trials will evaluate the expected incremental benefit of adding pegozafermin to these therapies. Both trials will employ the three-panel consensus biopsy reading methodology, which was successfully utilized in the ENLIVEN trial, for both baseline and primary endpoint biopsy reads. Patients will self-administer pegozafermin using the planned commercial liquid formulation delivered as a single subcutaneous injection.
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IBM | Hot Stocks07:02 EST IBM debuts next-generation quantum processor at Quantum Summit - At the annual IBM Quantum Summit in New York, debuted 'IBM Quantum Heron,' the first in a new series of utility-scale quantum processors with an architecture engineered over the past four years to deliver IBM's highest performance metrics and lowest error rates of any IBM Quantum processor to date. IBM also unveiled IBM Quantum System Two, the company's first modular quantum computer and cornerstone of IBM's quantum-centric supercomputing architecture. The first IBM Quantum System Two, located in Yorktown Heights, New York, has begun operations with three IBM Heron processors and supporting control electronics. With this critical foundation now in place, along with other breakthroughs in quantum hardware, theory, and software, the company is extending its IBM Quantum Development Roadmap to 2033 with new targets to significantly advance the quality of gate operations. Doing so would increase the size of quantum circuits able to be run and help to realize the full potential of quantum computing at scale.
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LLY PNT | Hot Stocks07:01 EST Eli Lilly extends tender offer to acquire Point Biopharma - Eli Lilly (LLY) announced the extension of the expiration of the tender offer to acquire all of the issued and outstanding shares of common stock of Point Biopharma (PNT) for a purchase price of $12.50 per share in cash, without interest and less any applicable tax withholding.
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ASXC | Hot Stocks06:57 EST Asensus Surgical sells Senhance Surgical System to distribution partner - Asensus Surgical announced that a Senhance Surgical System has been sold to the company's distribution partner and will be placed in a hospital in the Commonwealth of Independent States region. This marks the second system sold to the region in the past month.
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VFS | Hot Stocks06:39 EST U.S. DFC signs LOI considering $500M loan to VinFast Auto - Within the framework of COP28, VinFast Auto and the United States International Development Financial Corporation have signed a letter of Interest to consider a formal application by VinFast for a $500M loan to establish a lithium-ion battery manufacturing facility in Vietnam. The signing not only reaffirms both parties' commitment to fostering sustainable transportation, but also marks a significant milestone in the Vietnam - U.S. Comprehensive Strategic Partnership. DFC and VinFast will further discuss and consider VinFast's formal application for a $500M loan for the establishment of its lithium-ion battery manufacturing facilities in Vietnam, subject to DFC's comprehensive review and approval process. This is the first project in a series of sustainable transportation development initiatives in the Vietnamese and international markets being actively discussed by the two parties.
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AFL TRUP | Hot Stocks06:31 EST Aflac, Trupanion announce Trupanion renewal of S-3 registration statement - Aflac (AFL) and Trupanion (TRUP) jointly announce Trupanion's renewal of an S-3 registration statement on December 1. This action is taken in accordance with the shareholder agreement entered into between both companies on October 26, 2020 and renews the S-3 registration statement filed on December 1, 2020.
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CREV | Hot Stocks06:31 EST Carbon Revolution awarded program by premium brand of major German automaker - Carbon Revolution announced that it has been awarded a program by a premium brand of a major German automaker, one of two previously announced OEM wheel programs awarded in recent months. Overall, the company has been awarded 18 vehicle programs for six global OEMs including Ford Motor Company, General Motors Company, Renault, Ferrari N.V. and Jaguar Land Rover and intends to continue to expand its portfolio of global automaker clients as demand grows for its disruptive efficiency technology.
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WISA | Hot Stocks06:29 EST WiSA Technologies unit announces its first licensee of WiSA E software - WiSA Association, a subsidiary of WiSA Technologies, announces its first licensee of WiSA E software. The licensee, a global brand with over 10M HDTVs sold annually, will now be able to provide its consumers with a range of wireless immersive audio options including full interoperability with any of the WiSA E-enabled speakers offered by the many WiSA Association speaker brands. The 5-year license allows the licensee to implement WiSA E wireless immersive audio transmitter technology in any or all the member's HDTV platforms.
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RHHBY | Hot Stocks06:28 EST Roche to buy Carmot Therapeutics for $2.7B upfront, up to $400M in milestones - Roche announced the entry into a definitive merger agreement to acquire Carmot Therapeutics, Inc., a privately owned U.S. company based in Berkeley, California. Carmot's R&D portfolio includes clinical stage subcutaneous and oral incretins with best-in-class potential to treat obesity in patients with and without diabetes, as well as a number of preclinical programs. "The existing clinical data for Carmot's assets, especially the lead asset CT-388, suggests a best-in-class potential to achieve and maintain weight loss with differentiated efficacy. Moreover, the assets provide an opportunity for combinations with existing Roche pipeline assets including ones focused on other benefits, such as preserving muscle mass. Incretins are gut hormones that are secreted after food intake and play a role in modulating blood glucose by stimulating insulin secretion and suppressing appetite. The incretin-based portfolio could also be expanded to other indications where incretins play a role including cardiovascular, retinal and neurodegenerative disease," Roche stated. Under the terms of the agreement, Roche will pay Carmot's equity holders a purchase price of USD 2.7 billion in cash at the closing of the transaction. Additionally, Carmot's equity holders are entitled to receive payments of up to USD 400 million depending on the achievement of certain milestones. Upon closing of the transaction, Roche will obtain access to Carmot's current R&D portfolio including all clinical and pre-clinical assets, with Carmot and its employees joining the Roche Group as part of Roche's Pharmaceuticals Division. Upon closing of the transaction, Roche will also have exclusive access to Carmot's innovative Chemotype Evolution discovery platform in metabolism to further strengthen Roche's R&D efforts and portfolio across cardiovascular and metabolic diseases. The transaction is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. The closing of the transaction is currently expected to take place in the first quarter of 2024. Reference Link
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AMZN | Hot Stocks06:24 EST Amazon.com secures 3 launches with SpaceX to support Project Kuiper - Amazon has signed a contract with SpaceX for three Falcon 9 launches to support deployment plans for Project Kuiper, Amazon's low Earth orbit satellite broadband network. Project Kuiper satellites were designed from the start to accommodate multiple launch providers and vehicles, allowing to reduce schedule risk and move faster in the company's mission to connect unserved and underserved communities around the world. Amazon's earlier procurement of 77 heavy-lift rockets from Arianespace, Blue Origin, and United Launch Alliance provides enough capacity to launch the majority of its satellite constellation, and the additional launches with SpaceX offer even more capacity to support its deployment schedule. SpaceX's Falcon 9 is a reusable, two-stage launch vehicle designed for the reliable and safe transport of people and payloads into Earth orbit and beyond. Project Kuiper has contracted three Falcon 9 launches, and these missions are targeted to lift off beginning in mid-2025. Reference Link
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SPOT | Hot Stocks06:11 EST Spotify to cut employee base by approximately 17% - In a regulatory filing, Spotify announced a reduction in the company's employee base by approximately 17%. As a result, the company estimates that it will incur approximately EUR 130M- EUR 145M in charges in the fourth fiscal quarter of 2023, primarily consisting of severance-related payments and the impairment of real estate assets as a part of optimizing the company's office space footprint in connection with the reduction in the employee base, partially offset by forfeitures of equity awards by departing employees. The majority of the cash component of these charges will occur over the first and second fiscal quarters of 2024. The company anticipates that these actions will generate meaningful operating efficiencies going forward. Due to the charges, the company is updating its operating income outlook for the fourth fiscal quarter of 2023 to a range of (EUR 108M)- (EUR 93M).
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SLI | Hot Stocks06:08 EST Standard Lithium provides update on Phase 1A commercialization progress - Standard Lithium is pleased to provide an update on the commercial progress of its Phase 1A Project at LANXESS' South Plant near El Dorado, Arkansas. The company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the company's initiatives in East Texas. In line with its strategic focus on core operations, LANXESS Corporation has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium. The cooperative framework is to include a brine supply and disposal agreement, a lease agreement for the production facility site, and the provisioning of certain infrastructure services. Details of the future cooperation are the subject of ongoing negotiations. These agreements will form the basis of the operational framework for the Phase 1A Project. With the Phase 1A Project's ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project. With this increased clarity, supported by Citi for strategic financing and partnerships and BNP Paribas for debt financing and off-take negotiations, the Company is now positioned to accelerate project development and execute on its strategy to unlock the full potential of its Smackover resources.
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VEON AMZN | Hot Stocks06:06 EST Veon's Kyivstar,Amazon Web Services sign memorandum of cooperation - Veon (VEON) announces that Kyivstar, its subsidiary in Ukraine,will partner with Amazon Web Services (AMZN) to support Ukrainian businesses with the next generation of cloud and cloud infrastructure services and expertise in data-processing. As part of the Memorandum of Cooperation that the parties have signed, Kyivstar, as an AWS Partner, will provide its business clients with accelerated cloud migration of applications, computing, and data storage solutions, along with enhanced security measures through a range of AWS technologies-based services, as an AWS Partner.
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IMRN | Hot Stocks06:05 EST Immuron says first patients enrolled in Campylobacter challenge clinical study - Immuron is pleased to announce that the US Naval Medical Research Command has initiated the clinical evaluation of a new oral therapeutic targeting Campylobacter and Enterotoxigenic Escherichia coli developed in collaboration with Immuron. The NMRC has prioritized the clinical development of the study to evaluate the efficacy of the new therapeutic product to prevent infectious diarrhea caused by Campylobacter. The dosing, challenge and the in-patient stage of the study is anticipated to be completed by the third week of December 2023. The estimated study completion date is June 2024 with headline results from the clinical trial expected to be reported in 2H 2024.
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GDHG | Hot Stocks06:04 EST Golden Heaven announces three strategic initiatives - Golden Heaven announced the following three strategic initiatives intended to accelerate the company's business expansion and bolster its presence in the market. The first initiative seeks to collaborate with top players in the Chinese amusement park industry and extend the Company's reach in the market. The second initiative will endeavor to increase the company's brand recognition, by learning from the successes of renowned global theme parks, such as creating exclusive IPs and promoting themed events. The third initiative contemplates the elevation of guest experiences of the company's service offerings by offering additional services, such as dining options and hotel lodging services in the parks.
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STT | Hot Stocks06:03 EST State Street to further consolidate operating model in India - State Street and HCLTech announced they are finalizing plans for State Street to assume full ownership of the Joint Venture operations Statestreet HCL Services, formed in 2012 to provide business operations services. This consolidation, which is based on the arrangements aligned with the existing JV agreement and expected to be completed in the second calendar quarter of 2024, will further streamline State Street's operating model in India and continue State Street's ongoing transformation and productivity plan and strategy of simplifying its global operating model. State Street has partnered with HCLTech for more than a decade, and this collaboration has grown into a valuable servicing and operational center for the firm and its clients. State Street has a longstanding presence in India, and in October 2023 it acquired full ownership of a separate joint venture with another partner. Bringing the State Street HCL Services capabilities and expertise in-house will create a more simplified model to facilitate faster decision making and a more effective and efficient experience for its clients.
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IDYA GILD | Hot Stocks06:02 EST Ideaya Biosciences enters clinical study pact, supply agreement with Gilead - Ideaya Biosciences (IDYA) announced it has entered into a clinical study collaboration and supply agreement with Gilead Sciences (GILD) to evaluate the efficacy and safety of IDE397, its investigational, potential first-in-class, small molecule MAT2A inhibitor, in combination with Gilead's sacituzumab-govitecan-hziy, a Trop-2 directed antibody-drug conjugate, or ADC, in a Phase 1 clinical trial. Under the clinical study collaboration and supply agreement, Gilead will provide drug supply to Ideaya, which will be the sponsor of the Phase 1 clinical combination trial. Ideaya and Gilead each retain all commercial rights to their respective compounds, including as monotherapy or as combination therapies.
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VRT | Hot Stocks06:01 EST Vertiv Holdings subsidiaries to acquire CoolTera, terms not disclosed - Vertiv announced that subsidiaries of the company have entered into a definitive agreement to acquire all of the shares of CoolTera, a provider of coolant distribution infrastructure for data center liquid cooling technology and certain assets, including certain contracts, patents, trademarks, and intellectual property from an affiliate of CoolTera. The acquisition is expected to close in the fourth quarter of 2023, subject to customary closing conditions.
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META | Hot Stocks05:54 EST Meta Platforms expands child safety features - Meta announced Friday that it has updated its child safety features after a series of Wall Street Journal reports, including expanding its list of terms, phrases, and emojis related to child safety. Meta said: "We take recent allegations about the effectiveness of our work very seriously, and we created a task force to review existing policies; examine technology and enforcement systems we have in place; and make changes that strengthen our protections for young people, ban predators, and remove the networks they use to connect with one another. The task force took immediate steps to strengthen our protections, and our child safety teams continue to work on additional measures." Reference Link
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SLI | Hot Stocks05:42 EST Standard Lithium provides update on Phase 1A Project commercialization - Standard Lithium provided an update on the commercial progress of its Phase 1A Project at Lanxess' South Plant near El Dorado, Arkansas. The company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the company's initiatives in East Texas. In line with its strategic focus on core operations, Lanxess Corporation has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium. The cooperative framework is to include a brine supply and disposal agreement, a lease agreement for the production facility site, and the provisioning of certain infrastructure services. Details of the future cooperation are the subject of ongoing negotiations. These agreements will form the basis of the operational framework for the Phase 1A Project. With the Phase 1A Project's ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project. With this increased clarity, supported by Citi for strategic financing and partnerships and BNP Paribas for debt financing and off-take negotiations, the company is now positioned to accelerate project development and execute on its strategy to unlock the full potential of its Smackover resources. The recent U.S. Treasury Department's announcement on the Inflation Reduction Act's Foreign Entity of Concern underscores the importance of domestic critical minerals for EV batteries. This strengthens the appeal of Standard Lithium's Smackover projects, given their U.S. location and potential to provide a secure, local supply of lithium in line with the Act's objectives, highlighting Standard Lithium's advantageous position in a market seeking domestic sources for these crucial materials. The Phase 1A Project is detailed in the company's recently reported Definitive Feasibility Study. The DFS anticipates the first production of battery-quality lithium carbonate in 2026, using direct lithium extraction from Smackover brine currently produced by Lanxess from their South Brine Unit. The DFS projects an average annual production of 5,400 tons per annum over the operating life with peak annual production of 5,700 tpa and a 25-year minimum operating life. Proven and Probable Reserves of 208 kt lithium carbonate equivalent at an average concentration of 217 mg/L over the entire mine-life support up to 40 years of operations.
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LX | Hot Stocks05:39 EST LexinFintech appoints Zhanwen Qiao as chief risk officer - LexinFintech announced that its board of directors has appointed Zhanwen Qiao as the company's chief risk officer, effective on December 4. Zhanwen Qiao has over a decade of experience. Prior to joining Lexin, Qiao served as a senior director at Ant Group and deputy general manager of Chongqing Ant Consumer Finance.
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NVEI MSFT | Hot Stocks05:26 EST Nuvei partners with Microsoft on payment experiences - Nuvei (NVEI) announced that it has partnered with Microsoft (MSFT) to deliver payment experiences for customers of its products, solutions, and services across many of its key markets. Microsoft will start using Nuvei's customizable and agile payments technology in the Middle East and the Africa region, while benefiting from Nuvei's deep knowledge of local markets to optimize its payments for recurring billing and individual transactions across both its Office and Xbox product ranges. Other benefits of Nuvei's global payments capabilities Microsoft is harnessing include optimized authorization rates through local acquisition and superior risk management that minimize false declines, as well as Nuvei's ability to offer all of the relevant local alternative payment methods, or APMs, to each market through a single integration.
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RIO | Hot Stocks05:21 EST Rio Tinto approves new solar farm, battery storage to power Amrun operations - Rio Tinto has approved a new 12.4MW solar farm and 8.8MVa/2.1MWh of battery storage to provide renewable energy for the Amrun bauxite operations near Weipa in Queensland. The 12.4MW solar farm and battery storage are part of Rio Tinto's global decarbonisation strategy and ongoing efforts to reduce emissions at its Pacific bauxite, alumina and aluminium operations. They are expected to reduce Amrun's diesel electricity consumption by 37 percent and annual CO2-equivalent emissions by 14,000 tonnes, and will add to the existing 5.6MW of solar and 4MWh of battery power built for Rio Tinto's Weipa operations and the local electricity network since 2015. Aggreko has been contracted to build, own, and operate the solar farm to supply renewable electricity to the mine operations, in addition to its current contract to supply electricity generated from an existing diesel power station. Rio Tinto Weipa Operations General Manager Shona Markham said "The construction of the Amrun solar farm and battery storage system, which is located on Wik and Wik-Waya Traditional lands, is an important milestone for Weipa Operations and will contribute to Rio Tinto's commitment to reduce operational greenhouse gas emissions.
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GERN | Hot Stocks05:17 EST Geron publishes results from IMerge trial in The Lancet - Geron announced publication in The Lancet of results from the IMerge Phase 3 trial investigating imetelstat versus placebo in patients with lower risk myelodysplastic syndromes, or MDS, relapsed/refractory or ineligible for erythropoiesis stimulating agents, or ESAs. The publication is available online and will be available in print at a later date. Imetelstat is currently under regulatory review by the FDA and by the European Medicines Agency, or EMA. for approval in transfusion dependent anemia in patients with lower risk MDS who have failed to respond or have lost response to or are ineligible for ESAs.
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GH | Hot Stocks05:15 EST Guardant Health, Cancer Research Horizons collaborate to advance cancer research - Cancer Research UK, its innovation unit, Cancer Research Horizons, and Guardant Health announced a collaboration to explore the sharing of technologies, data, and insights to advance the development and precision of cancer detection and treatment. The agreement will enable the parties to discuss opportunities for collaboration to support the charity's research and clinical development activities, focusing primarily on its clinical trials run by its Centre for Drug Development. This includes the DETERMINE trial - the first UK national precision medicine trial in rare cancers, and other Cancer Research UK and Cancer Research Horizons research collaborations. Additional potential collaboration activities may include sharing data and samples from the Cancer Research UK-funded research network to further develop and validate Guardant's technologies, as well as explore other projects to accelerate the discovery and development of cancer drugs and diagnostics.
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