Stockwinners Market Radar for December 06, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
KIND | Hot Stocks20:33 EST Cathie Wood's ARK Investment bought 123K shares of Nextdoor today
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GENI | Hot Stocks20:33 EST Cathie Wood's ARK Investment bought 100K shares of Genius Sports today
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PLTR | Hot Stocks20:32 EST Cathie Wood's ARK Investment bought 1.4M shares of Palantir today
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TTD | Hot Stocks20:32 EST Cathie Wood's ARK Investment bought 456K shares of Trade Desk today
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XOS | Hot Stocks20:31 EST Xos says stock to trade on split-adjusted basis beginning on December 7 - In a regulatory filing, Xos, Inc. noted that on December 6, the company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the company's Certificate of Incorporation to effect a 1-for-30 reverse stock split of the company's issued and outstanding shares of common stock, effective as of 5:00 p.m. Eastern Time on December 6. A series of alternate amendments to effect the reverse stock split was approved by stockholders at the company's annual meeting of stockholders held on May 31, and the specific 1-for-30 ratio was subsequently approved by its board of directors. Beginning with the opening of trading on December 7, the company's common stock will trade on the Nasdaq Capital Market on a split-adjusted basis under the new CUSIP number 98423B 306 and will continue to trade under the symbol "XOS." The company's publicly traded warrants will continue to trade on Nasdaq under the symbol "XOSWW" and the CUSIP number for the warrants will remain unchanged. As a result of the reverse stock split, every 30 shares of common stock issued and outstanding will be automatically combined and converted into one share of common stock. No fractional shares will be issued in connection with the reverse stock split, the filing noted.
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GDHG | Hot Stocks20:01 EST Golden Heaven to enter operating lease framework with theme park in China - Golden Heaven "announced that it intends to enter into an operating lease framework agreement with a top-tier Chinese amusement group. The Group is a subsidiary of a prominent Chinese tourism group, ranking among China's top 30 national cultural enterprises and top 20 tourism groups. This Agreement is expected to mark a significant step in Golden Heaven's strategic business expansion efforts, and is aimed at enhancing Golden Heaven's market position by leveraging the Group's strong presence in the Chinese amusement park industry. Pursuant to the Agreement, that is presently under negotiation, the Group's theme park in Wuhan, Hubei Province in central China is expected to become the pilot leased park to the Company. The finalized operating lease rights, lease schedules and other terms of the Agreement will be settled with the ongoing negotiation."
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BEEM | Hot Stocks19:52 EST Beam Global names Lisa Potok as new CFO - Beam Global announced that Lisa Potok has joined the Beam Global executive team as chief financial officer. Ms. Potok was the CFO, Treasurer and Secretary of Nice North America LLC, previously known as Nortek Security & Control, LLC, one of the largest smart residential, commercial and industrial solutions manufacturing companies in the world. Ms. Potok's previous experience with publicly traded companies includes Newegg Inc., a multi-billion-dollar revenue global tech company which she took public in May 2021; Vice President of Global Finance at Club Demonstration Services; and Vice President of Finance/Divisional CFO at FTD, Inc.'s Provide Commerce division. Ms. Potok succeeds Kathy McDermott, who is stepping down from her CFO role to pursue other interests.
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XOS | Hot Stocks19:50 EST Xos Inc trading halted, news pending
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FRSX | Hot Stocks19:50 EST Foresight Autonomous Holdings trading halted, news pending
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PAVM | Hot Stocks19:50 EST PAVmed trading halted, news pending
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FLJ | Hot Stocks19:50 EST FLJ Group Ltd (ADR) trading halted, news pending
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NXU KSCP | Hot Stocks19:39 EST Knightscope CFO Mallorie Burak to step down to pursue other opportunities - Knightscope (KSCP) "announces that Apoorv S Dwivedi, a seasoned finance executive, has accepted the position of Executive Vice President and Chief Financial Officer of Knightscope, effective January 2024. With extensive finance and corporate strategy experience, Dwivedi most recently served as the Chief Financial Officer of Nxu (NXU). He joined the company in 2022 and helped to take it public on Nasdaq in the same year.Mallorie Burak, President and CFO, will be stepping down in early January 2024 to pursue other opportunities."
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DOV | Hot Stocks19:05 EST Dover CFO sells $2.0M in common stock - In a regulatory filing, Dover disclosed that its CFO Brad Cerepak sold 14K shares of common stock on December 5th in a total transaction size of $2.0M.
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AMZN | Hot Stocks18:55 EST Amazon.com CEO: Consumers are still spending - In an interview on CNBC's Mad Money, Andy Jassy said consumers are still spending, but they are looking for bargains. "Whenever customers can trade down in price, they are wanting to do so." The consumables business growth rate has been very strong, he noted. Customers love getting items quickly, and increasingly, they can receive same day shipping, he added. He expects the price of Prime membership to increase "from time to time" as the value proposition increases. He continues to be "very bullish" on AWS for "2024 and beyond." He expects almost all of the generative AI spend to be in the cloud.
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ASLE BA | Hot Stocks18:36 EST AerSale jumps 5% to $15.01 after disclosing 'AerAware' certification - Shares of AerSale are up 5% or 75c at $15.00 after its 'AerAware' Enhanced Flight Vision System received Boeing 737NG supplemental type certificate.
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ASLE | Hot Stocks18:34 EST AerSale receives Boeing 737NG supplemental type certificate for 'AerAware' - AerSale (ASLE) "announced that the FAA has issued AerSale a Supplemental Type Certificate for "AerAware", the Company's revolutionary Enhanced Flight Vision System for the Boeing (BA) B737NG product line. This achievement marks the world's first commercial EFVS system2 to achieve a 50% visual advantage and the first large transport aircraft to be certified with a complete dual-pilot EFVS solution featuring a Head-Wearable Display. AerSale developed the AerAware certification program under license with The Boeing Company, which included access to necessary technical services, maintenance, and engineering data."
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CME | Hot Stocks18:07 EST CME Group extends CEO Terry Duffy's employment agreement - CME Group announced that it will extend Chairman and Chief Executive Officer Terry Duffy's tenure through December 31, 2025, in an amended contract agreement the Board approved today. Lead Independent Board Director Dennis A. Suskind stated: "The Board has determined retaining Terry in his current role at the helm of CME Group for another year is in the best interest of our company and shareholders. We are extremely pleased he has agreed to continue serving as Chairman and Chief Executive Officer through December 2025."
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ANIX | Hot Stocks18:07 EST Anixa Biosciences' breast cancer vaccine shows positive Phase 1 results - Anixa Biosciences announced new and updated positive results from the Phase 1 clinical trial of its breast cancer vaccine. The trial is being conducted in collaboration with Cleveland Clinic with funding by a grant from the U.S. Department of Defense. The majority of patients developed ELISpot - T-cell - responses that met the rigorous protocol-specified definition of an immune response, with a measurable but lesser magnitude of response noted in the remaining patients. Among the doses studied, Dose Level 1 was determined to be a usable immunologic dose as well as the maximum tolerated dose. No significant side effects were observed, at the MTD, besides irritation at the sites of injection. Anixa and Cleveland Clinic plan to investigate additional intermediate dose levels and continue studying the vaccine's safety and immunologic effects in two additional patient cohorts. The first cohort, which opened for enrollment in August 2023, is evaluating the combination of the company's breast cancer vaccine with Keytruda in post-operative patients found to have residual disease following neoadjuvant chemo-immunotherapy. The second cohort will investigate the safety and immunologic effects of the vaccine in patients who are BRCA1, BRCA2, or PALB2 mutation positive and are planning prophylactic risk-reducing mastectomies. Anixa is the exclusive worldwide licensee to the novel breast cancer vaccine technology invented at Cleveland Clinic.
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VCXA | Hot Stocks18:05 EST 10X Capital Venture Acquisition II, African Agriculture close business merger - 10X Capital Venture Acquisition "announced that it has completed its previously announced merger with African Agriculture, Inc., a global food security company operating a commercial-scale alfalfa farm on the African continent. The transaction was approved by 10X II's shareholders at an extraordinary general meeting held on December 5, 2023. In connection with the closing, 10X II changed its name to "African Agriculture Holdings Inc." Commencing December 7, 2023, African Agriculture's common stock and warrants are expected to begin trading on the Nasdaq Global Market under the ticker symbols "AAGR" and "AAGRW"."
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MNOV | Hot Stocks18:03 EST MediciNova granted new patent covering MN-166 for progressive MS in Europe - MediciNova has received a Notice of Decision to Grant from the European Patent Office for a pending patent application which covers the combination of MN-166 - ibudilast - and interferon-beta for the treatment of progressive multiple sclerosis, or MS. Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than October 2039.
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NOC | Hot Stocks17:59 EST Northrop Grumman announces new $2.5B share repurchase plan - Northrop Grumman announced that its board of directors has authorized an additional $2.5B for the repurchase of the company's common stock, increasing the outstanding authorized amount to approximately $3.8B.
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PYPL FISV | Hot Stocks17:52 EST PayPal names Suzan Kereere as President, Global Markets, EVP Alford to depart - PayPal Holdings (PYPL) announced the appointment of Suzan Kereere as President, Global Markets, effective January 1. She will have end-to-end accountability for leading PayPal's local businesses and growth strategies in the markets around the world where the company operates to ensure seamless execution and drive profitable growth. This includes overseeing the global sales and distribution of PayPal's products and services, helping to drive PayPal's position as a leading digital payment partner for businesses and consumers around the world...Kereere will join PayPal from Fiserv (FISV) where she currently leads Global Business Solutions, the company's merchant-focused offerings. Kereere previously served as Fiserv's Chief Growth Officer, leading strategy and business development to enhance customer value and accelerate growth across the enterprise. Peggy Alford, who currently serves as PayPal's Executive Vice President, Global Sales and Merchant Services, will transition from her current role at the end of the year and depart PayPal in January.
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CHWY | Hot Stocks17:23 EST Chewy says Black Friday, Cyber Monday traffic exceeded expectations - Says active customers declined marginally. Says net sales per active customer reached new record high and exceeded $540. Says Autoship customers sales continue to outpace overall topline growth. Says pleased with Canada market so far. Says Black Friday and Cyber Monday traffic exceeded expectations. Comments taken from Q3 earnings conference call.
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CVX | Hot Stocks17:17 EST Chevron announces 2024 organic capex budget of $15.5B-$16.5B - The company states: "Chevron announced an expected organic capital expenditure range of $15.5B to $16.5B for consolidated subsidiaries and an affiliate capital expenditure budget of approximately $3 billion for 2024. Upstream spending in 2024 is expected to be about $14 billion. Of this planned expenditure, two-thirds is allocated to the United States, including approximately $6.5 billion to develop Chevron's U.S. shale and tight portfolio, of which around $5 billion is planned for Permian Basin development. About 25 percent of U.S. upstream capex is planned for projects in the Gulf of Mexico, including the Anchor project, which is expected to achieve first oil in 2024. Downstream capex is expected to be roughly $1.5 billion, with 80 percent allocated to the United States. Corporate and other capex is projected to be about $0.5 billion. Included in the upstream and downstream budgets is approximately $2 billion in lower carbon capex to lower the carbon intensity of traditional operations and grow new energy business lines. Chevron's Geismar renewable diesel expansion project is expected to start-up in 2024. Nearly half of affiliate capex is planned for Tengizchevroil's FGP / WPMP project in Kazakhstan and about a third is planned for Chevron Phillips Chemical Company, including the Golden Triangle Polymer Project and Ras Laffan Petrochemical Project. WPMP field conversion is forecasted to begin start-up in the first half of 2024."
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CHWY | Hot Stocks17:12 EST Chewy falls 9% to $17.61 after Q3 results, FY24 revenue guidance cut
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DDOG | Hot Stocks17:11 EST Datadog CEO Pomel sells over $10M in company shares - Datadog CEO Olivier Pomel disclosed the sale of 85,637 shares of company stock at $117.36 per share on December 4, for a total transaction amount of $10,050,598.
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SMTC | Hot Stocks17:10 EST Semtech jumps 12% to $18.75 after Q3 earnings beat and guiance
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FWRD | Hot Stocks17:10 EST Forward Air provides mid-quarter operational update through November 2023 - Forward Air provided key Expedited Freight operating statistics for the quarter-to-date period through November 2023. Weight per shipment increased 11.0%, revenue per shipment excluding fuel increased 2.6% and pounds per day increased 5.5%, all over the same period last year. Revenue per ton mile excluding fuel increased 1.8% and revenue per shipment excluding fuel increased 2.6% for the quarter-to-date period through November over the same period last year.
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VRNT | Hot Stocks17:08 EST Verint jumps 10.6% to $26.57 after Q3 earnings beat, affirmed guidance
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PAX | Hot Stocks17:07 EST Patria Investments to acquire Credit Suisse's real estate business in Brazil - Patria Investments signed an agreement for the acquisition of Credit Suisse's Real Estate business in Brazil for total cash consideration of up to R$650M, around $130M. The transaction is structured with approximately $60M due upon completion of standard regulatory approvals, and up to an additional $70M incrementally conditioned to the successful shareholder approval process and transfer of underlying real estate funds. The funds are listed on the Brazilian stock exchange, and together would add up to $2.4B in assets under management to Patria's Real Estate platform. The funds represent permanent capital AUM with significant scale, with four funds each having a market capitalization over R$1.5B. Patria has now more than $3B in real estate assets under management as of November 2023.
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MCD... | Hot Stocks17:06 EST McDonald's tests new small-format, beverage-led store concept CosMc's - McDonald's (MCD)announced, in part, earlier: "McDonald's Welcomes CosMc's to its Universe...Our universe is growing this week as McDonald's starts testing CosMc's, a new small-format, beverage-led concept that's truly out of this world. Inspired by nostalgia and powered by a menu of bold, refreshing beverages and tasty treats, CosMc's is landing earthside for us humans to enjoy. As part of a limited test, the first CosMc's location opens in Bolingbrook, Illinois, this month - with a handful of additional outposts planned in the coming months. CosMc's seamlessly blends brand-new, otherworldly beverage creations with a small lineup of food, including a select few McDonald's favorites - all designed to boost your mood into the stratosphere, if only for a few moments. CosMc's menu is rooted in beverage exploration, with bold and unexpected flavor combinations, vibrant colors and functional boosts. You'll see a range of specialty lemonades and teas, indulgent blended beverages and cold coffee - think Sour Cherry Energy Slush, Tropical Spiceade and S'mores Cold Brew. Make it yours with customizations at every turn: popping boba, flavor syrups, energy or Vitamin C shots, and so much more."Where are we heading next? By the end of 2024, we plan to open approximately 10 CosMc's pilot locations, with more opportunities for mood-boosting escapes across the Dallas-Fort Worth and San Antonio metro areas." Companies that may be impacted include: Dutch Bros (BROS), Wendy's (WEN), Starbucks (SBUX). Reference Link
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CNI | Hot Stocks17:05 EST Canadian National to aquire Iowa Northern Railway - CN announced that it has signed and closed an agreement to acquire Iowa Northern Railway, which operates approximately 275 track miles in Iowa connecting to CN's U.S. rail network. The transaction closed into an independent voting trust pending regulatory review of the transaction by the U.S. Surface Transportation Board. IANR serves upper Midwest agricultural and industrial markets covering many goods, including biofuels and grain. This transaction represents a meaningful opportunity to support the growth of local business by creating single-line service to North American destinations, while preserving access to existing carrier options. The terms of this transaction were not disclosed. An STB decision regarding the transaction is expected in 2024.
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DNA | Hot Stocks17:02 EST Ginkgo Bioworks and Synplogen partner in global DNA manufacturing in Japan - Ginkgo Bioworks and Synplogen, a synthetic biology startup spun out of Kobe University's Graduate School of Science, Technology and Innovation that provides custom DNA synthesis and Gene Therapy Biofoundry services, have entered into a non-binding Memorandum of Understanding to accelerate the global development of DNA manufacturing and gene therapy platform services in Japan. Ginkgo and Synplogen will explore global business collaboration opportunities for DNA manufacturing. Synplogen's OGAB DNA synthesis services have the ability to synthesize DNA of various lengths up to 100 kbp. OGAB is also capable of complex DNA synthesis, with features such as a high/low guanine-cytosine content and repeat sequences. Furthermore, Ginkgo and Synplogen will work to extend the reach of Ginkgo's gene therapy services in Japan. Synplogen plans to collaborate by offering business development and marketing support to connect Ginkgo's services with Japanese biotechnology and pharmaceutical companies.
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AI | Hot Stocks17:00 EST C3.ai falls 6% to $27.49 after Q2 results, cutting FY24 operating loss outlook
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CERE | Hot Stocks17:00 EST Cerevel Therapeutics trading resumes
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CHPT | Hot Stocks16:45 EST ChargePoint falls 2% to $2.00 after Q3 earnings miss
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FTCH BABA | Hot Stocks16:42 EST Farfetch discloses Alibaba President Evans resigns from board - In a regulatory filing, Farfetch (FTCH) states: "On November 30, 2023, J. Michael Evans tendered his resignation from the Board of Directors of Farfetch Limited, with immediate effect. Mr. Evans's resignation from the Board was in furtherance of the arm's length commercial relationship between Alibaba Group Holding Limited (BABA), where Mr. Evans serves as President and a member of its board of directors, and the Company. Mr. Evans's resignation was not the result of any disagreement with the Company or with its operations, policies or practices. He leaves with sincere thanks for all he has contributed to the Board and the Company, along with our best wishes for the future."
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BRZE | Hot Stocks16:38 EST Braze jumps 5% to $59.20 after Q3 earnings beat, FY24 guidance raise
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WVE | Hot Stocks16:36 EST Wave Life Sciences initiates dosing in the RestorAATion clinical trial program - Wave Life Sciences announced the initiation of dosing in healthy volunteers in the RestorAATion clinical trial program, which is investigating WVE-006 as a potential treatment for alpha-1 antitrypsin deficiency or AATD. WVE-006 is a first-in-class, GalNAc-conjugated RNA editing oligonucleotide, AIMer . It is designed to restore circulation of healthy, wild-type alpha-1 antitrypsin, M-AAT, protein and reduce dysfunctional Z-AAT protein, thereby potentially addressing AATD-related lung disease, liver disease, or both. "Initiating dosing in RestorAATion represents an important milestone for the alpha-1 community, where treatment options are limited and there are no medicines that address the underlying genetic mutation that most commonly causes AATD. In preclinical studies, WVE-006 led to potent and durable RNA editing and restoration of AAT protein up to 30 micromolar, underscoring the impact of our novel chemistry. WVE-006 has the potential to transform the treatment paradigm for this disease, and we are well-positioned to achieve this vision as part of our collaboration with GSK," said Paul Bolno, MD, MBA, President and Chief Executive Officer of Wave Life Sciences. "Moreover, with the first RNA editing therapeutic to ever be dosed in humans, we are making a significant contribution to the scientific field by bringing an entirely new class of medicines into clinical development, and we expect to continue unlocking the potential of RNA editing more broadly."
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ASR | Hot Stocks16:34 EST Asur reports total passenger traffic for November 2023 up 1.6% vs. last year - Asur reported passenger traffic for November 2023 reached a total of 5.8 million passengers, representing an increase of 1.6% compared to November 2022. Passenger traffic presented year-on-year increases of 3.8% in Mexico and 10.4% in Puerto Rico, while it decreased 9.0% in Colombia. Passenger traffic growth in Mexico and Puerto Rico was driven primarily by increases in international traffic of 4.6% and 27.8%, respectively, while domestic traffic increased 3.0% of 8.6%, respectively. Passenger traffic in Colombia was negatively affected by the suspension of operations of two local airlines from the beginning of 2023 which resulted in an 11.4% decline in domestic traffic while international traffic increased 2.0% year-on-year.
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GVA | Hot Stocks16:34 EST Granite's International Directional Services to partner with Veracio - Granite "announced that its wholly-owned subsidiary International Directional Services, IDS, and Veracio, a mining technology company, have entered into a partnership aimed at transforming drill hole data analytics and elevating productivity for Granite's clients. The collaboration between IDS and Veracio marks a significant step toward leveraging technology to enhance the mining process. By combining IDS's drill hole geological data collection with Veracio's minerals drilling technology solutions, the partnership aims to improve the way drill hole data is collected, analyzed, and utilized, ultimately providing support to IDS's and Granite's clients. This collaboration reflects the commitment of both companies to push the boundaries of what is possible in the drilling and mining sectors."
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ABBV CERE | Hot Stocks16:32 EST AbbVie to acquire Cerevel Therapeutics for $45.00 per share in cash, or $8.7B - AbbVie (ABBV) and Cerevel Therapeutics (CERE) announced a definitive agreement under which AbbVie will acquire Cerevel Therapeutics and its robust neuroscience pipeline of multiple clinical-stage and preclinical candidates with potential across several diseases including schizophrenia, Parkinson's disease, and mood disorders. The acquisition complements AbbVie's neuroscience portfolio, adding a wide range of potentially best-in-class assets that may transform standards of care across psychiatric and neurological disorders where significant unmet needs remain for patients. Under the terms of the transaction, AbbVie will acquire all outstanding shares of Cerevel for $45.00 per share in cash. The transaction values Cerevel at a total equity value of approximately $8.7B. The boards of directors of both companies have approved the transaction. This transaction is expected to close in the middle of 2024, subject to Cerevel shareholder approval, regulatory approvals, and other customary closing conditions. The proposed transaction is expected to be accretive to adjusted diluted earnings per share beginning in 2030.
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GME | Hot Stocks16:31 EST GameStop says board approves policy to invest in equities - In a regulatory 10-Q filing, the company states: "We have traditionally invested our excess cash in investment grade short-term fixed income securities, which consist of U.S. government and agency securities and time deposits. Such investments with an original maturity in excess of 90 days and less than one year are classified as marketable securities on our Condensed Consolidated Balance Sheets. Such investments are classified as available-for-sale debt securities and reported at fair value. Unrealized holding gains and losses are recognized in accumulated other comprehensive loss on our Condensed Consolidated Balance Sheets. Realized gains and losses upon sale or extinguishment are reported in other loss, net in our Condensed Consolidated Statements of Operations. Each reporting period, we evaluate whether declines in fair value below carrying value are due to expected credit losses, as well as our ability and intent to hold the investment until a forecasted recovery occurs. On December 5, 2023, the Board of Directors approved a new investment policy that permits the Company to invest in equity securities, among other investments."
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ABBV CERE | Hot Stocks16:30 EST AbbVie to acquire Cerevel Therapeutics for $45.00 per share in cash
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CERE | Hot Stocks16:28 EST Cerevel Therapeutics trading halted, news pending
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KRC | Hot Stocks16:27 EST Kilroy Realty says signed 520K sq. ft. of new or renewing leases quarter to date - Kilroy Realty "announced that it has signed approximately 520,000 square feet of new or renewing leases quarter to date, including approximately 400,000 square feet signed in November. Included in our November activity are two Bay Area leases signed for a combined 210,000 square feet to a Fortune 500 technology company and a highly regarded international law firm. Year-to-date office and life science leasing now totals approximately 1.3 million square feet, of which more than 50% are with new tenants. Average rents are approximately flat on a cash basis and up 15% on a GAAP basis over the prior leases. Catalyzed by a strong finish to the year, Kilroy is entering 2024 with average lease expirations of approximately 8.5% annually through 2026."
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FSR | Hot Stocks16:26 EST Fisker CEO says negative reports about company 'overblown' - Chairman and CEO Henrik Fisker made the following statement: "I believe the negative reports about the company have been overblown. We have made considerable progress on our business plan and achieved many firsts in the industry, including launching in 11 countries to date and delivering the most sustainable EV with the longest range in our category. Fundamentally, our business is making positive strides each day and I believe we have compelling long-term opportunities. The Fisker team are shareholders, and I am a significant shareholder in the company as well. I believe the current share price does not reflect our accomplishments and our long-term opportunities. Our teams are working tirelessly to scale our operations and to continue to execute on our innovative business model. We just delivered our first vehicles from our new Oklahoma and New York locations, and I am looking forward to sharing regular updates on our momentum. We plan the next business update later this month."
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LIAN | Hot Stocks16:20 EST LianBio board determines not to pursue Concentra Biosciences proposal - LianBio announced that its Board of Directors unanimously determined not to pursue the unsolicited proposal from Concentra Biosciences, to acquire 100% of the equity of LianBio for $4.30 per share in cash, plus a contingent value right representing the right to receive 80% of the net proceeds payable from any license or disposition of LianBio's programs . After careful review and consideration, the Board unanimously concluded that the Proposal undervalues the Company and is not in the best interests of LianBio or its shareholders
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TRN | Hot Stocks16:19 EST Trinity Industries raises quarterly dividend to 28c per share from 26c - The quarterly cash dividend, representing Trinity's 239th consecutively paid dividend, is payable January 31, 2024 to stockholders of record on January 12, 2024.
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AORT | Hot Stocks16:18 EST Artivion appoints Lance Berry as CFO - Artivion appointed Lance Berry as the company's CFO, effective as of December 4. In this role, Berry joins Artivion's executive leadership team and replaces D. Ashley Lee, who will retire at the end of the year. Berry most recently served from January 2019 until November 2020 as the Executive VP, Chief Financial and Operations Officer of Wright Medical Group, until Wright was acquired by Stryker in November 2020. Before that, Berry served as the Senior VP, CFO for Wright from 2009 to 2018, spear-heading its merger with Tornier N.V. Additionally, Berry served as Wright's Vice President, Corporate Controller from 2002-2009. Berry also currently serves on the Boards of two public companies, Treace Medical Concepts and Vapotherm. Lee, who has served as the company's CFO since 2004, will retire after a transitional period. Lee will remain with Artivion in an advisory capacity to ensure a seamless transition.
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ERIE | Hot Stocks16:17 EST Erie Indemnity raises quarterly dividend to $1.275 from $1.19 on Class A shares - The Board agreed to increase the regular quarterly cash dividend from $1.19 to $1.275 on each Class A share and from $178.50 to $191.25 on each Class B share. This represents a 7.1% increase in the payout per share over the current dividend rate. The next quarterly dividend is payable Jan. 23, 2024, to shareholders of record as of Jan. 8, 2024, with a dividend ex-date of Jan. 5, 2024.
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BMY | Hot Stocks16:17 EST Bristol Myers raises quarterly dividend to 60c from 57c per share - The dividend is payable on February 1, 2024, to stockholders of record at the close of business on January 5, 2024.
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CHWY | Hot Stocks16:14 EST Chewy names David Reeder as CFO - Chew announced the appointment of David Reeder as Chief Financial Officer, effective February 14, 2024. David joins Chewy from GlobalFoundries, Inc., a leading semiconductor manufacturer, where he has served as CFO since 2020 and led their financial strategy, including their 2021 initial public offering. David previously served as Chief Executive Officer of Tower Hill Insurance Group, as well as President and CEO of Lexmark International Inc. Upon David's arrival, interim CFO Stacy Bowman will continue serving as Chewy's Chief Accounting Officer.
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OPCH | Hot Stocks16:14 EST Option Care Health increases share repurchase program to $500M - Option Care Health announced that it anticipates completing the remaining $75M of repurchases in the fourth quarter under the original authorization. In addition, the company's board of directors approved an increase to its share repurchase program authorization from $250M to $500M. The program has no specified expiration date. The extent to which the company repurchases additional shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements, and other corporate considerations, as determined by the company's management.
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SHO | Hot Stocks16:13 EST Sunstone Hotel declares Q4 dividend of 13c per share - Sunstone Hotel has declared a Q4 dividend of 13c per share of common stock. The Q4 dividend includes the company's recently increased recurring quarterly dividend of 7c per share plus an additional 6c per share to distribute more of the company's expected taxable income for 2023. The dividend will be paid in cash on January 16, 2024 to holders of record as of December 29, 2023. The dividends paid in 2023 include the taxable income generated from the company's operations but do not include any gain related to the recently completed sale of Boston Park Plaza. The company is evaluating opportunities to reinvest the net proceeds from the sale through a tax deferred exchange. If an exchange is not completed, the company will utilize existing tax attributes to offset any gain resulting from the sale and retain the net proceeds for future investment.
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EMN | Hot Stocks16:12 EST Eastman Chemical raises quarterly dividend to 81c from 79c per share - The dividend is payable Jan. 5, 2024, to stockholders of record as of Dec. 18, 2023.
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CERE ABBV | Hot Stocks16:07 EST Cerevel Therapeutics up 16% after Reuters report on AbbVie deal talks - Shares of Cerevel Therapeutics (CERE) are up $5.84, or 16%, to $42.77 in after-hours trading following Reuters' report.
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CMPS | Hot Stocks16:06 EST Compass Pathways: Psilocybin treatment results in bipolar II published in JAMA - Compass Pathways announced the publication of a paper in JAMA Psychiatry that demonstrates the potential for investigational COMP360 psilocybin treatment in treatment-resistant bipolar type II disorder . Results from the investigator-initiated open-label study were first presented at the Annual Meeting of the American College of Neuropsychopharmacology in 2022...There was no increase in the suicidality score based on the MADRS, no manic symptoms and no unexpected adverse events or difficulties with the dosing sessions reported throughout the study. The most common adverse event was headache reported by 4 out of 15 participants on the day of dosing, with symptoms resolving within 24 hours. "We're pleased that our study has been recognized and published by a highly regarded peer-reviewed journal," said Dr Scott Aaronson, MD, Chief Science Officer, Institute for Advanced Diagnostics and Therapeutics, Sheppard Pratt. "In what we believe to be the first study of its kind, we saw a significant number of patients experience relief from their bipolar II depression symptoms after a single 25mg dose of COMP360 psilocybin treatment. These findings need to be validated in larger studies."
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AZN | Hot Stocks16:04 EST Validation data on prognostic test in stage I lung cancer presented at NACLC - GRAIL, LLC, a healthcare company whose mission is to detect cancer early when it can be cured, highlighted the presentation of analytical and clinical validation data on a novel prognostic test in early-stage lung cancer, generated through collaboration with the Samsung Medical Centre and AstraZeneca (AZN). The results of the studies demonstrate sensitive and specific detection of circulating tumor DNA for Lung Adenocarcinoma at a clinically meaningful threshold for disease prognostication. This is a novel tissue-free diagnostic that has the potential to identify high-risk patients prior to surgery and/or treatment. The findings were presented in poster sessions at the North America Conference on Lung Cancer 2023 in Chicago, held Dec. 1-3, 2023.
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BNED | Hot Stocks16:03 EST Barnes & Noble Education affirms FY24 adjusted EBITDA view of about $40M - The Company is maintaining its guidance for fiscal year 2024 consolidated non-GAAP Adjusted EBITDA from Continuing Operations of approximately $40 million. The year-over-year increase is expected to be driven by growth in the Company's Retail Segment, primarily due to growth in the Company's BNC First Day programs, and the impact of the cost reduction actions the Company has executed and expects to continue to implement.
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BNED | Hot Stocks16:02 EST Barnes & Noble Education says continuing strategic review - The company states: "As previously announced, the Board of Directors continues its ongoing review of a broad range of strategic alternatives available to the Company, including but not limited to potential capital raises, asset divestitures, a sale of the business, and pursuit of standalone growth plans. The Board has not set a timetable for the conclusion of this review, nor has it made any decisions related to any further actions at this time. There can be no assurance that the review will result in any transaction or other strategic change or outcome."
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MRAI | Hot Stocks16:02 EST Marpai regains compliance with Nasdaq minimum bid price requirement - Marpai received notification from Nasdaq that it has regained compliance with Nasdaq's minimum bid price requirement and that the matter is closed.
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AMD | Hot Stocks15:04 EST AMD announces Ryzen 8040 Series mobile processors - AMD announced the new AMD Ryzen 8040 Series mobile processors, "extending its leadership mobile offerings with best-in-class x86 processor performance." AMD stated: "With the integrated Ryzen AI NPU on-die on select models, AMD is bringing even more state-of-the-art AI PCs to market,1 with up to 1.6x more AI processing performance than prior AMD models, to deliver new premium experiences and AI-ready capabilities. To further enable great AI experiences, AMD is also making Ryzen AI Software widely available for users to easily build and deploy machine learning models on their AI PCs. AMD Ryzen 8040 Series processors are the latest to join the powerful Ryzen Series processor portfolio and are expected to be broadly available from leading OEMs including Acer, Asus, Dell, HP, Lenovo, and Razer, beginning in Q1 2024." "We continue to deliver high performance and power-efficient NPUs with Ryzen AI technology to reimagine the PC. The increased AI capabilities of the 8040 series will now handle larger models to enable the next phase of AI user experiences," added Jack Huynh, SVP and GM of AMD computing and graphics business.
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AMD... | Hot Stocks15:03 EST AMD announces availability of Instinct MI300X accelerators - AMD (AMD) announced the availability of the AMD Instinct MI300X accelerators with "industry leading memory bandwidth for generative AI and leadership performance for large language model training and inferencing" as well as the AMD Instinct MI300A accelerated processing unit, which combines the latest AMD CDNA 3 architecture and "Zen 4" CPUs to "deliver breakthrough performance for HPC and AI workloads." Customers leveraging the latest AMD Instinct accelerator portfolio include Microsoft (MSFT), which recently announced the new Azure ND MI300x v5 Virtual Machine series, optimized for AI workloads and powered by AMD Instinct MI300X accelerators, AMD stated. "Several major OEMs also showcased accelerated computing systems, in tandem with the AMD Advancing AI event. Dell showcased the Dell PowerEdge XE9680 server featuring eight AMD Instinct MI300 Series accelerators and the new Dell Validated Design for Generative AI with AMD ROCm-powered AI frameworks. HPE recently announced the HPE Cray Supercomputing EX255a, the first supercomputing accelerator blade powered by AMD Instinct MI300A APUs, which will become available in early 2024. Lenovo announced its design support for the new AMD Instinct MI300 Series accelerators with planned availability in the first half of 2024. Supermicro announced new additions to its H13 generation of accelerated servers powered by 4th Gen AMD EPYC CPUs and AMD Instinct MI300 Series accelerators," AMD added.
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TSVT | Hot Stocks14:53 EST Engine Capital sends letter to 2seventy's board to 'maximize' shareholder value - Engine Capital which owns approximately 3% of 2seventy bio outstanding shares, announced that it sent the below letter the 2seventy bio board: That letter said in part: "Engine Capital is a meaningful shareholder of 2seventy bio, (TSVT) with an ownership position of approximately 3% of the Company's outstanding shares... 2seventy appears focused on the maximum speed it can destroy shareholder value We fear much of this is due to the missteps taken by the Board and the Company's CEO Nick Leschly, who has a concerning track record of underperformance. As the former CEO of bluebird bio (BLUE), 2seventy's predecessor...We believe there is a better way. Instead of daydreaming of hypothetical positive clinical data readouts from its pipeline, particularly two early-stage phase 1 trials that may give the Company a last gasp of capital, the Board needs to take the following actions today to protect, maximize and ensure the long-term viability of Abecma, the Company's most valuable asset: Focus 2seventy exclusively on Abecma and immediately cease or monetize all development programs; Immediately reduce corporate overhead to ensure the Company is free cash flow positive in 2024: Appoint Mr. Baird as 2seventy's CEO and sever ties with Mr. Leschly."
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DIS | Hot Stocks14:23 EST Hulu on Disney+ rolls out its beta version to Bundle subscribers - A blog posting, Hulu on Disney+ Beta Launch, was released earlier, that said,in part: "Are you a fan of Loki on Disney+ and The Bear on Hulu? Well, soon, you'll be able to watch two of the most popular series on streaming without having to leave one app for another. Hulu on Disney+ rolls out its beta version to Bundle subscribers today before officially launching in the spring. It's an exciting next step for Disney and its streaming endeavors...Starting today, when Bundle subscribers open their Disney+ app, they will see a Hulu tile appear alongside the Disney, Pixar, Marvel, Star Wars, and National Geographic tiles..."I hope consumers realize that one Bundle subscription - which is competitively priced - can unlock the incredible original content, the blockbuster films that come from all our studios, and a 100 years' worth of stories from Disney+," Earley said. "Not to mention the amazing titles that come from Hulu Originals, FX, 20th Century Studios, Searchlight, and all of our amazing partners." Reference Link
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VCXA | Hot Stocks14:15 EST 10X Capital Venture Acquisition II Corp trading resumes
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CELH... | Hot Stocks14:11 EST Celsius says Dunkin win 'maybe opens doors' with 'retailers like Starbucks' - Asked during Morgan Stanley's Global Consumer and Retail Conference about some of the company's food service customer wins, Celsius Holdings (CELH) executives stated, according to a transcript of the event: I think that food service has obviously been a pretty big leap up for us this year. It was really non-existent for us prior to to the Pepsi (PEP) deal. It's tough to put a number on it because it's a bit of an unknown for us. I'd say it's early stages, but to be at 10% of Pepsi's revenues with us, that's pretty significant... So we do feel that Celsius has a bit of a different usage occasion than our our peers in the category. Jersey Mikes your referenced, we've got one into 2,000-plus locations there. That happened about six or eight weeks ago. The early data is encouraging there and the hope is that could be a proof of concept as we want to go into the other QSRs that Pepsi services, whether it's like I talked about Pizza Hut or some of the other establishments. And then, Dunkin Donuts, we went in to a number of their locations nationally, which I think is very interesting to go into a coffeehouse. They brought us in. They feel were incremental. We only went in with one SKU, hopefully with some more skews in there in the near future. But again, if that works out well, I think that really speaks to the expanded occasions with which Celsius offers and maybe opens doors even other retailers like Starbucks (SBUX)."
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VCXA | Hot Stocks14:05 EST 10X Capital Venture Acquisition II Corp trading halted, volatility trading pause
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AMD... | Hot Stocks14:00 EST AMD, Nvidia both lower as AMD shows off AI accelerator chips - AMD (AMD), at its "Advancing AI" in-person and livestreamed event to launch the next-generation AMD Instinct MI300 data center GPU accelerator family and "highlight the company's growing momentum with AI hardware and software partners," predicted that the market for such products could grow to more than $400B in the next four years. At the event, CEO Lisa Su unveiled the MI300, which is taking aim at an industry leader Nvidia (NVDA). The new chip has more than 150B transistors and 2.4 times as much memory as Nvidia's H100, the current market leader, the company boasted. It also has 1.6 as much memory bandwidth, further boosting performance, AMD said. Companies using the processors will include Microsoft (MSFT) and Meta (META). In afternoon trading as AMD continues hosting the unveiling event, its shares are down fractionally to $117.81, while those of rival Nvidia (NVDA) are down about 1% to $459.92.
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CNI... | Hot Stocks13:51 EST North American rail traffic up 4.6% for the week ending December 2 - Association of American Railroads or AAR reported U.S. rail traffic for the week ending December 2 , as well as volumes for November .U.S. railroads originated 1,128,573 carloads in November , down 0.0% or 102 carloads, from November 2022. U.S. railroads also originated 1,279,906 containers and trailers in November up 5%, or 60,486 units, from the same month last year. Combined U.S. carload and intermodal originations in November were 2,408,479, up 2.6%, or 60,384 carloads and intermodal units from November 2022. "U.S. intermodal volume rose 5.0% in November, its third straight year-over-year gain after 18 straight declines and the biggest year-over-year percentage gain for intermodal in 29 months. Overall, the last week of November had the highest carload plus intermodal volumes in two years," said AAR Senior Vice President John T. Gray. "Much will depend on how the broader economy continues to evolve, but railroads are hopeful November will provide much-needed momentum for the rest of 2023 and into 2024." Total U.S. weekly rail traffic was 509,626 carloads and intermodal units, up 4.9% compared with the same week last year. Total carloads for the week ending December 2 were 237,049 carloads, up 1.4% compared with the same week in 2022, while U.S. weekly intermodal volume was 272,577 containers and trailers, up 8.2% compared to 2022. North American rail volume for the week ending December 2 on 10 reporting U.S., Canadian and Mexican railroads totaled 351,272 carloads, up 2.3% compared with the same week last year, and 356,459 intermodal units, up 6.9% compared with last year. Total combined weekly rail traffic in North America was 707,731 carloads and intermodal units, up 4.6%. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Kansas City Southern (KSU), Norfolk Southern (NSC),Union Pacific (UNP), Greenbrier (GBX), Trinity Industries (TRN), FreightCar America (RAIL), Rail Vision (RVSN) and Wabtec (WAB). Reference Link
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BMY | Hot Stocks13:51 EST Bristol Myers reports approval of sNDA for Abecma in Japan - Bristol-Myers Squibb K.K. announced that the company has received manufacturing and marketing approval of the supplemental New Drug Application for an additional indication for Abecma, a B-cell maturation antigen-directed chimeric antigen receptor T cell immunotherapy, for patients with relapsed or refractory multiple myeloma who have received at least two prior therapies, including an immunomodulatory agent, a proteasome inhibitor, and an anti-CD38 antibody. Commenting on the approval, Makoto Sugita, Bristol Myers Squibb's head of R&D in Japan, said, "Multiple myeloma is an intractable disease with recurrent relapses that are difficult to cure with existing therapies. Treatment options for patients with RRMM are limited, and we are pleased that Abecma is the first CAR T cell therapy to be approved for earlier use as a treatment option to address the unmet needs of these patients. We remain committed to researching and developing innovative therapies to transform patient lives with serious diseases through science." Reference Link
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VZ PTON | Hot Stocks13:31 EST Verizon confirms Leslie Boland to join company as chief marketing officer - Verizon Communications (VZ) confirmed the appointment of Leslie Berland as Executive Vice President and Chief Marketing Officer, effective January 9, 2024. Berland brings over two decades of strategic and creative marketing expertise, transforming world-class brands such as Peloton (PTON), the company said in a statement. Overseeing Verizon's global marketing strategy, Berland will join the company's executive leadership team and report directly to Hans Vestberg, Verizon Chairman and CEO. "There has never been a more transformative time for our industry. While our networks and technology are core to realizing the promise ahead, the strength of our brand is critical to delivering on our strategy and maintaining our momentum," said Vestberg.
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WMT | Hot Stocks13:24 EST Walmart 'confident as ever' in long-term framework - Walmart says that the "building blocks" of its long-term framework -- growing the top line at about 4% on a compounded annual basis over the next five years, with profits growing faster than that -- are going to happen over time.
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WMT | Hot Stocks13:21 EST Walmart: General merchandise deflating today in 5%-6% range - The company says this is a "pretty consistent trend" and sees prices getting to a point where they are lower than two years ago. Comments taken from Morgan Stanley Global Consumer & Retail Conference.
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RUN | Hot Stocks13:16 EST Sunrun denials 'effectively lies,' Muddy Waters' Block says - Carson Block of Muddy Waters, who previously announced a short position in Sunrun (RUN), made the comment while being interviewed on CNBC from the Sohn London conference.
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BXMT | Hot Stocks13:07 EST Blackstone Mortgage tells CNBC short report 'misleading,' 'self-interested' - In a statement issued to CNBC, the company said it plans to respond in greater detail to the short report published earlier today by Carson Block of Muddy Waters.
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WBUY | Hot Stocks13:05 EST Webuy Global Ltd trading resumes
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BXMT | Hot Stocks13:04 EST Muddy's Block sees Blackstone Mortgage cash flow under 'significant strain' - Carson Block of Muddy Waters, who announced earlier a short position in Blackstone Mortgage Trust (BXMT), is being interviewed on CNBC after presenting at the Sohn London conference. Block sees Blackstone Mortgage being "at risk of a liquidity crisis," the noted short-seller added.
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PFE | Hot Stocks12:56 EST Pfizer granted orphan status for leukemia treatment - The FDA granted Pfizer orphan status for maplirpacept, its potential treatment of acute myeloid leukemia. Reference Link
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DANOY | Hot Stocks12:42 EST Ferrero-related company confirms talks to buy Michel et Augustin from Danone - Ferrero confirms that a Ferrero-related company, CTH Invest, announced that it has entered into exclusive negotiations to fully acquire Michel et Augustin from Danone. "Michel et Augustin markets premium, much-loved products including sweet biscuits, savory biscuits and snacks. These iconic brands are sold mainly in France and in six other markets. The business was founded in the French market in 2004 by Augustin Paluel-Marmont and Michel de Rovira, before being acquired by Danone. The proposed transaction will be submitted to the relevant employee representative bodies for consultation and is expected to close in the coming months, subject to customary closing conditions. The planned acquisition would strengthen the Ferrero ecosystem in France and mark the latest purchase in the premium biscuits market, following the acquisitions of Burton's Biscuit Company and Fox's in the UK, Kelsen Group in Denmark and Delacre in Belgium," Ferrero stated in a press release. Reference Link
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WBUY | Hot Stocks12:35 EST Webuy Global Ltd trading halted, volatility trading pause
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BXMT | Hot Stocks12:21 EST Blackstone Mortgage falls 5% to $21.46 after Muddy Waters short call
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DE | Hot Stocks12:15 EST Deere boosts quarterly dividend 12c to $1.47 per share - The Deere & Company Board of Directors has declared a quarterly dividend of $1.47 per share payable February 8, 2024, to stockholders of record on December 29, 2023. The new quarterly rate represents an additional 12c per share over the previous level of $1.35.
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ZNOG | Hot Stocks12:07 EST Zion Oil & Gas receives regulatory approval for MJ-01 recompletion project - Zion Oil & Gas announces the approval of its workplan by the Israel Ministry of Energy for its MJ-01 recompletion project. Exploration License 434 spans approximately 75,000 acres. Amidst the war in Israel following the atrocities on October 7, Zion has maintained secure operations with the site and rig unharmed. The company now targets a Q1 start date post-holidays. Zion has secured service contractors and ancillary items required for efficient operations. This workplan approval follows the acquisition of Exploration License 434 on September 19. This "Megiddo Valleys License" spans approximately 75,000 acres and signifies a deep commitment to Israel's energy landscape.
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CVNA | Hot Stocks12:06 EST Carvana, Phoenix Rising FC ink multi-year extension of partnership - Carvana announces the multi-year extension of its partnership with Phoenix Rising FC. In 2024, the Carvana kit sponsorship will expand to include Rising FC's Youth programs, which provide development opportunities, competitions, and a college advisory program for young athletes in the Phoenix and Prescott areas.
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META | Hot Stocks12:04 EST New Mexico AG files lawsuit against Meta over child safety - New Mexico Attorney General Raul Torrez filed a lawsuit against Meta Platforms, CEO Mark Zuckerberg, and the company's wholly-owned subsidiaries, including Instagram and Facebook Holdings, to protect children from sexual abuse, online solicitation, and human trafficking. "Our investigation into Meta's social media platforms demonstrates that they are not safe spaces for children but rather prime locations for predators to trade child pornography and solicit minors for sex," said Attorney General Torrez. "As a career prosecutor who specialized in internet crimes against children, I am committed to using every available tool to put an end to these horrific practices and I will hold companies - and their executives - accountable whenever they put profits ahead of children's safety." Over the past few months, the New Mexico Attorney General's Office carried out an undercover investigation of Meta's platforms, creating decoy accounts of children 14-years and younger. The Office gathered evidence that those platforms have: Proactively served and directed the underage users a stream of egregious, sexually explicit images - even when the child has expressed no interest in this content; Enabled dozens of adults to find, contact, and press children into providing sexually explicit pictures of themselves or participate in pornographic videos. Recommended that the children join unmoderated Facebook groups devoted to facilitating commercial sex. Allowed Facebook and Instagram users to find, share, and sell an enormous volume of child pornography. Allowed a fictitious mother to offer her 13-year-old daughter for sale to sex traffickers and to create a professional page to allow her daughter to share revenue from advertising. "Mr. Zuckerberg and other Meta executives are aware of the serious harm their products can pose to young users, and yet they have failed to make sufficient changes to their platforms that would prevent the sexual exploitation of children," AG Torrez added. "Despite repeated assurances to Congress and the public that they can be trusted to police themselves, it is clear that Meta's executives continue to prioritize engagement and ad revenue over the safety of the most vulnerable members of our society." Reference Link
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BOX | Hot Stocks12:00 EST Box falls -9.7% - Box is down -9.7%, or -$2.58 to $24.11.
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ASAN | Hot Stocks12:00 EST Asana falls -12.6% - Asana is down -12.6%, or -$2.93 to $20.38.
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YEXT | Hot Stocks12:00 EST Yext falls -20.5% - Yext is down -20.5%, or -$1.44 to $5.58.
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S | Hot Stocks12:00 EST SentinelOne rises 18.5% - SentinelOne is up 18.5%, or $3.71 to $23.71.
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PHR | Hot Stocks12:00 EST Phreesia rises 23.3% - Phreesia is up 23.3%, or $3.44 to $18.19.
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CANO | Hot Stocks12:00 EST Cano Health rises 24.8% - Cano Health is up 24.8%, or $2.35 to $11.81.
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MCD... | Hot Stocks11:52 EST McDonald's, Google Cloud announce strategic partnership - McDonald's (MCD) and Alphabet's (GOOGL) Google announced plans for a new multi-year, global partnership to connect Google Cloud technology across thousands of its restaurants worldwide. "This partnership is a significant step for McDonald's in advancing its restaurant technology platform to become the most sophisticated and productive in the industry. McDonald's plans to leverage a wide range of Google Cloud's hardware, data, and AI technologies to implement innovation faster and create even better experiences for its customers, restaurant teams, and employees," the restaurant company stated. "Google Distributed Cloud, a combined hardware and software offering, is planned to be deployed to thousands of McDonald's restaurants so they can leverage both cloud-based software applications and their own software and AI solutions locally on-site, as needed. With Google Cloud edge computing capabilities, McDonald's will be able to draw new insights into how equipment is performing, enact solutions that reduce business disruptions, and diminish complexity for crew so restaurant teams can focus on delivering amazing hospitality to customers. McDonald's will be the largest global foodservice retailer to use Google Distributed Cloud's new capabilities, with plans for thousands of restaurants to begin receiving their hardware and software upgrades next year. Through this new partnership, a dedicated Google Cloud team in Chicago will work in close proximity to McDonald's global innovation center, known as Speedee Labs. Together, they'll focus on applying generative AI across a number of key business priorities to power exciting new experiences for crew and customers, with McDonald's unmatched convenience and value," the company added. Reference Link
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ALLY | Hot Stocks11:04 EST Ally Financial: Story for 2024, beyond 'very much unchanged'
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ALLY | Hot Stocks11:04 EST Ally Financial sees Q4 NIM 'a shade under' 3.20%
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ALLY | Hot Stocks11:03 EST Ally Financial sees 'noise' in Q4 in corporate finance - Ally Financial, at the Goldman Sachs U.S. Financial Services Conference, said the company will take some NCOs that are already reserved for on a "couple of credits," and will increase provisions on some loans that are already in non-accrual status. Ally sees an uptick in provisions on a linked quarter basis within that business. The company is seeing NCOs approaching 11% in Q4.
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NTRS | Hot Stocks11:01 EST Northern Trust selected as custodian for NIC pension funds - Northern Trust has been selected by the Nebraska Investment Council to provide asset management and asset servicing solutions, including custody, portfolio analytics and securities lending, for its pension fund. The NIC is an independent state agency that manages $37.5B across 32 investment programs.
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LCID SIRI | Hot Stocks10:54 EST Sirius XM available to all new and existing Canadian Lucid owners - SiriusXM Canada (SIRI) and Lucid Group (LCID) announced that SiriusXM's audio streaming entertainment experience is now available to all new and existing Canadian Lucid owners. SiriusXM access will be available as an optional subscription on the entire Lucid Air vehicle lineup, including Lucid Sapphire, Grand Touring, Touring and Pure. In addition, all Lucid Air owners will receive a three-month trial subscription to SiriusXM.
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IXHL | Hot Stocks10:30 EST IXHL Stock trading resumes
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IXHL | Hot Stocks10:25 EST IXHL Stock trading halted, volatility trading pause
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JAQC | Hot Stocks10:15 EST Jupiter Acquisition Corp trading resumes
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JAQC | Hot Stocks10:10 EST Jupiter Acquisition Corp trading halted, volatility trading pause
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CZOO | Hot Stocks10:00 EST Cazoo falls -14.1% - Cazoo is down -14.1%, or -$5.72 to $34.78.
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ASAN | Hot Stocks10:00 EST Asana falls -15.4% - Asana is down -15.4%, or -$3.58 to $19.73.
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YEXT | Hot Stocks10:00 EST Yext falls -16.1% - Yext is down -16.1%, or -$1.13 to $5.88.
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S | Hot Stocks10:00 EST SentinelOne rises 17.5% - SentinelOne is up 17.5%, or $3.51 to $23.51.
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PHR | Hot Stocks10:00 EST Phreesia rises 25.8% - Phreesia is up 25.8%, or $3.80 to $18.55.
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CZOO | Hot Stocks10:00 EST Cazoo rises -13.5% - Cazoo is up -13.5%, or -$5.48 to $35.02.
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BK | Hot Stocks09:57 EST BNY Mellon says Q4 NII trending modestly in right direction - Comments taken from the Goldman Sachs U.S. Financial Services Conference.
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GRFX | Hot Stocks09:54 EST Graphex Group receives unsolicited preliminary offer for Graphex Technologies - Graphex Group Limited, together with its wholly owned U.S. subsidiary, Graphex Technologies, LLC, announced that it has entered into a Letter of Intent with an independent NASDAQ-listed blank check company, pursuant to which the Purchaser proposes to acquire 100% of the equity interest of Graphex Tech, which is held by Graphex Group. The pre-money enterprise value, net of liabilities, for Graphex Tech is anticipated to be between $100M-$200M but may vary subject to certain deliverables and market conditions at the time of closing of the transaction and post-transaction milestones. The consideration for the Acquisition will be paid by the Purchaser solely in shares of its common stock. The final consideration will be determined in the definitive agreement to be entered into by both parties after further negotiations. The definitive agreement is conditional upon the Acquisition being approved by shareholders at the general meetings of Graphex Group and the Purchaser, registration of the Consideration Shares and compliance with the Securities Act the Hong Kong Stock Exchange, the NASDAQ and NYSE. The specific rights and obligations of both parties under the Acquisition are subject to the terms and conditions to be finalized in definitive agreements. The parties will work to close the Acquisition in the first half of 2024 and Graphex Group has agreed to negotiate with the Purchaser for at least 105 days and during such period will not seek an alternative transaction with a special purpose acquisition corporation that sells all or substantially all of the business of Graphex Tech. However, there can be no assurance that the Acquisition will be completed on acceptable terms or at all.
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BOX | Hot Stocks09:47 EST Box falls -10.3% - Box is down -10.3%, or -$2.74 to $23.95.
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YEXT | Hot Stocks09:47 EST Yext falls -17.2% - Yext is down -17.2%, or -$1.21 to $5.80.
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ASAN | Hot Stocks09:47 EST Asana falls -19.0% - Asana is down -19.0%, or -$4.43 to $18.88.
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ASPN | Hot Stocks09:47 EST Aspen Aerogels rises 14.4% - Aspen Aerogels is up 14.4%, or $1.53 to $12.18.
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PHR | Hot Stocks09:47 EST Phreesia rises 28.3% - Phreesia is up 28.3%, or $4.17 to $18.93.
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CZOO | Hot Stocks09:47 EST Cazoo rises 8539.5% - Cazoo is up 8539.5%, or $34.59 to $34.99.
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TNDM DXCM | Hot Stocks09:41 EST Tandem Diabetes launches updated t:slim X2 insulin pump software with DexCom CGM - Tandem Diabetes (TNDM) announced the launch of updated t:slim X2 insulin pump software with Dexcom (DXCM) G7 Continuous Glucose Monitoring, or CGM, integration in the United States. Tandem's automated insulin delivery system with Control-IQ technology is the only AID option in the world to use Dexcom's latest CGM technology. Tandem will email instructions to all in-warranty t:slim X2 users in the United States to offer the option to add the new feature free of charge via remote software update. t:slim X2 pumps pre-loaded with the updated software are now shipping to new customers.
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BCTX | Hot Stocks09:35 EST BriaCell highlights survival, clinical benefit data on BRIA-IMT with immune CPI - BriaCell Therapeutics announced topline survival and clinical benefit data in advanced metastatic breast cancer patients treated Bria-IMT in combination with an immune check point inhibitor. The data is being revealed at the 2023 San Antonio Breast Cancer Symposium held at Henry B. Gonzalez Convention Center, San Antonio, TX. Abstract Title: Randomized Phase 2 of Bria-IMT, an Allogenic Human Cell Line with Antigen Presenting Activity, in Heavily Pretreated Metastatic Breast Cancer. Phase 2 Combination Study of Bria-IMT with Immune Check Point Inhibitor: The Phase 2 study is fully enrolled. An aggregate of 54 advanced metastatic breast cancer patients have been enrolled in the study; Data is available on 48 of these heavily pre-treated metastatic breast cancer patients. Overall Survival and Tolerability: Interim analysis using Kaplan-Meier curve method, measuring the probability of patients' survival in time, showed median overall survival of 13.4 months for 54 patients. This is a marked improvement over the benchmark 6.7-9.8 months reported in similar patients. 32 out of 42 patients that have received treatment since 2022 remain alive, suggesting tolerability and survival efficacy. The data will continue to mature as patients remain on the study. All patients were able to receive therapy with no toxicity related discontinuations. Immune Response: In certain instances, BriaCell's combination regimen turned "cold" breast cancer tumors "hot" and activated the patient's cancer fighting immune system cells including CD8+ tumor infiltrating lymphocytes. BriaCell's regimen reversed immune exhaustion in several heavily pre-treated patients who had failed prior CPI treatments suggesting potentially better clinical and survival outcomes in these patients. Bria-IMT before CPI showed a prolonged reduction in Neutrophil to Lymphocyte Ratio, a significant predictor of clinical benefit in patients, and this optimized sequence is in use in the current pivotal Phase 3 study
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GTBP | Hot Stocks09:31 EST GT Biopharma: ISS, Glass Lewis recommend shareholders vote for proposed items - GT Biopharma announced that independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis & Co., have recommended GT Biopharma stockholders entitled to vote at the company's 2023 Special Meeting of Stockholders to vote "FOR" Proposal items number 1 and 2. If approved, Proposal No. 1. will provide the company's Board of Directors with the option to implement a reverse stock split of the company's issued and outstanding common stock, if deemed necessary in the future, to maintain the company's listing on the Nasdaq Capital Market. "We are pleased that both ISS and Glass Lewis, the leading independent proxy advisory firms, support our Board's recommendation that stockholders vote "FOR" Proposal No. 1," said Michael Breen, Executive Chairman and Interim CEO of GT Biopharma, Inc. "Each stockholder's vote is important, so we strongly encourage each investor to follow the recommendations of ISS and Glass Lewis and vote "FOR" Proposal No. 1 as promptly as possible. Approval of Proposal No. 1 will provide the flexibility that will be essential, should we need to utilize this tool to maintain our Nasdaq listing. Confidence in our ability to maintain our Nasdaq listing will be an important complement to our ongoing efforts to enhance market awareness of the potential of our pipeline to improve the millions of lives and deliver value to our stockholders."
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CMTL | Hot Stocks09:31 EST Comtech names John Ratigan chief corporate development officer - Comtech announced the appointment of John Ratigan as the company's first chief corporate development officer. Prior to joining Comtech, Ratigan served as CEO and President of iDirect Government.
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SPCB | Hot Stocks09:29 EST SuperCom announces new electronic monitoring contract - SuperCom announced that it has secured a new contract with a "prominent Kentucky-based service provider of electronic monitoring products and services." The company stated: "This contract marks another valuable step in SuperCom's expansion within the US, as well as progression in the deployment of its newest proprietary technologies: the new PureOne GPS bracelet and domestic violence monitoring solutions. Under this new contract, SuperCom will provide its cutting-edge PureOne GPS Tracking and PureProtect for DV Monitoring solutions. This initiative is part of a broader plan to enhance public safety and support rehabilitation efforts in communities across Kentucky."
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NEON | Hot Stocks09:25 EST Neonode awarded contract by commercial vehicle OEM - Neonode has been awarded by a leading commercial vehicle OEM to supply Driver Monitoring System software to the OEM's global range of commercial vehicles. Neonode will provide a bespoke solution based on its proprietary MultiSensing platform. Neonode will receive licensing revenues from 2025 when the first vehicles equipped with Neonode's solution reach the market. The program will also generate non-recurring engineering revenues for Neonode during the coming years.
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MCD | Hot Stocks09:24 EST McDonald's provides 2024 and long-term outlook and targets - McDonald's announced new growth targets to advance its Accelerating the Arches strategy. The company plans to increase its active loyalty user base to 250 million 90-day active users and deliver $45B in annual Systemwide sales to loyalty members by 2027. The company will expand its U.S. pilot of Ready On Arrival across its top six markets by 2025. Expects 30% of delivery orders to originate in its mobile app by 2027. TargetS expansion to 50,000 restaurants by the end of 2027. This will mark the fastest period of growth in Company history, with an expected run rate of 1,000 gross openings across the U.S. and International Operated Markets in 2027. McDonald's and Google Cloud announced a strategic partnership to connect the latest cloud technology and apply generative AI solutions across its restaurants worldwide. Beginning in 2024, the company will begin to deploy new, universal software that all McDonald's customer and restaurant digital platforms will run on - from the mobile app to loyalty and kiosks in store. The company expects a net restaurant unit expansion of nearly 2% of systemwide sales growth in constant currencies in 2024, and about 2.5% of systemwide sales growth in constant currencies in the average long-term beyond 2024. Expects operating margin in 2024 to be in the mid-to-high 40% range with continued expansion in the long term. Sees 2024 CapEx of $2.5B with sequential increases of about $300M-$500M each year through 2027.
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ESMT | Hot Stocks09:23 EST EngageSmart 's SimplePractice & Lucet in deal for behavioralhealth access - SimplePractice and Lucet, the behavioral health optimization company for health plans, have announced an alliance to improve the referral experience for solo and small group behavioral health providers and the 6M members seeking mental health services. "Solo and small group clinicians are the largest segment of outpatient behavioral healthcare providers, but are often the hardest to schedule with," said Jonathan Seltzer, President of SimplePractice. " Together, the SimplePractice API and Lucet's Navigate & Connect provide a turn-key solution for payers to optimize behavioral healthcare access. Providers will receive client referrals directly into their SimplePractice workflow, while members can book immediately and avoid time consuming back and forth on email and phone.
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C | Hot Stocks09:20 EST Citi sees doing around $500M in share buybacks in Q4
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C | Hot Stocks09:20 EST Citi sees expenses coming down in 2024
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CCL | Hot Stocks09:19 EST Carnival on pace to achieve food waste reduction milestone - Carnival announced it has achieved a 38% reduction in food waste per passenger relative to its 2019 baseline, nearing its interim target to reduce food waste by 40% per person by 2025 on its path toward a 50% reduction by 2030. Less than a year since surpassing the previous 30% food waste reduction goal announced in its 2022 Sustainability Report, this performance signals continued momentum in the company's efforts to shrink its food print - an important element in the company's long-standing commitment to sustainable operations from ship to shore. To achieve its goals, Carnival Corporation has taken decisive measures onboard its ships to minimize unused food across every aspect of food preparation and dining services. In addition, the company has invested in advanced waste management technologies such as biodigesters to naturally break down and responsibly dispose of unused food. Together, these strategies support the company's responsible waste management practices and drive continuous momentum toward achieving its 2030 food waste reduction goal - part of its circular economy objectives to use fewer resources, produce less waste, and maximize recycling, while also helping to reduce the company's environmental impact and greenhouse gas emissions.
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C | Hot Stocks09:18 EST Citi sees Q4 trading revenue down 15%-20% vs. Q3 - Sees investment banking revenue up high single digits. Comments taken from the Goldman Sachs U.S. Financial Services Conference.
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OSG | Hot Stocks09:18 EST Overseas Shipholding announces 1st dividend since international unit spinoff - Overseas Shipholding Group announced that its Board of Directors has declared a cash dividend of 6c per share on its Class A Common Stock. "The dividend, the first dividend declared by OSG since the spinoff of its international division in 2016, " will be paid on January 4 to stockholders of record at the close of business on December 21...Under the share repurchase program, the Company may repurchase shares from time to time in open market transactions or in privately negotiated transactions. The timing and amounts of any purchases will be based on market conditions and other factors, such as price, in accordance with applicable laws. The program has no time limit, may be suspended, modified or discontinued at any time, and does not obligate OSG to purchase any particular amount of its common stock. The Company intends to fund the share repurchase program with excess cash.
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SGRY | Hot Stocks09:18 EST Surgery Partners completes refinancing transaction - Surgery Partners announced that Surgery Center Holdings has received commitments for a new $1.4 billion senior secured term loan. Upon closing, the new Term Loan will bear interest at a rate equal to 3.50% per annum in excess of the applicable Secured Overnight Financing Rate index rate, will mature on the date that is seven years after the Closing Date and will be subject to customary terms and conditions. Additionally, the Company expects to refinance and increase its existing revolving credit facility with a new senior secured revolving credit facility in an aggregate principal amount of approximately $703.75 million that matures five years after the Closing Date, on customary terms and conditions. The Company intends to use the net cash proceeds from the New Term Loan to repay in full its existing senior secured term loan due 2026, and to fund transaction fees and expenses in connection with the foregoing. The closing of the New Credit Facilities is subject to customary conditions and is expected to occur in December 2023.
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SPCB | Hot Stocks09:17 EST SuperCom secures new electronic monitoring contract - SuperCom is pleased to announcethat it has secured a new contract with a prominent Kentucky-based service provider of electronic monitoring products and services. This contract marks another valuable step in SuperCom's expansion within the US, as well as progression in the deployment of its newest proprietary technologies: the new PureOne GPS bracelet and domestic violence monitoring solutions. Under this new contract, SuperCom will provide its cutting-edge PureOne GPS Tracking and PureProtect for DV Monitoring solutions. This initiative is part of a broader plan to enhance public safety and support rehabilitation efforts in communities across Kentucky.
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SPCB | Hot Stocks09:17 EST SuperCom secures new electronic monitoring contract - SuperCom is pleased to announcethat it has secured a new contract with a prominent Kentucky-based service provider of electronic monitoring products and services. This contract marks another valuable step in SuperCom's expansion within the US, as well as progression in the deployment of its newest proprietary technologies: the new PureOne GPS bracelet and domestic violence monitoring solutions. Under this new contract, SuperCom will provide its cutting-edge PureOne GPS Tracking and PureProtect for DV Monitoring solutions. This initiative is part of a broader plan to enhance public safety and support rehabilitation efforts in communities across Kentucky.
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LVO | Hot Stocks09:16 EST LiveOne reports paid memberships increased 38% y/y - LiveOne announced an update for certain of its November 2023 memberships metrics. Added 57,000 New Paid Members in November with ARPU of $3.10+; Total Membership Currently at 3.4M+, a Year-Over-Year Increase of 30%.
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OSG | Hot Stocks09:15 EST Overseas Shipholding declares 6c dividend, additional $25M to stock repurchase - Overseas Shipholding Group announced that its Board of Directors has declared a cash dividend of 6c per share on its Class A Common Stock. The dividend - the first dividend declared by OSG since the spinoff of its international division in 2016 - will be paid on January 4 to stockholders of record at the close of business on December 21. In addition, OSG announced that its Board authorized the repurchase of an additional $25M of common stock under its existing stock repurchase program. The incremental stock repurchase authorization will add to the $75.7M of stock repurchases and warrant retirements made since June of 2022. Commenting on these actions, Sam Norton, OSG's President and CEO said, "The Board of Directors, as the representative of OSG's shareholders, considers decisions on capital allocation to be among the most important, involving a balance between investing in the future, managing the level of our fixed payment obligations, and benefitting our shareholders. In this context, the Board continuously evaluates opportunities for the use of our available cash. We are pleased that we have been able to produce cashflows in excess of scheduled debt service and planned capital expenditures, providing us with the ability to return cash to our stockholders by a dividend and through the repurchase of shares, while remaining able to take advantage of future business and debt reduction opportunities." Mr. Norton added, "Decisions as to future dividends will be made by our Board of Directors based upon financial and other considerations and possible alternative uses for our excess cash. However, the Board expects the consideration of the payment of regular quarterly dividends to be on its agenda in the future."
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NFTG | Hot Stocks09:11 EST NFT Gaming announces newest game launch, Battle Fleet AI - The NFT Gaming Company announced that the company has launched its third game, Battle Fleet AI for Android and iOS. The game is available to download in the Google Play Store and Apple App Store. To download the game, click here: Battle Fleet AI. "The NFT Gaming Company is extremely pleased to launch our third game as we continue to release games and develop content for Gaxos," said Vadim Mats, CEO of NFT Gaming Company. "Every game is a major milestone for NFTG and the Gaxos platform. We are proud of the progress we are making with artificial intelligence in our games as well as the optional Web 3.0 elements. Going forward, we anticipate releasing titles that casual gamers want and adding valuable assets to our business."
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WRAP | Hot Stocks09:10 EST Wrap Technologies announces release of new AI functionalities for BWC - Wrap Technologies announced the release of new Artificial Intelligence, AI, functionalities for their Wrap Intrensic Body-Worn Camera, BWC, Solution and Digital Evidence Management System platform. Additional features will launch throughout the first half of 2024. These significant advancements reinforce Wrap Technologies' commitment to providing state-of-the-art tools for law enforcement professionals that enhance transparency, efficiency, safety, and accountability. "These new AI functionalities represent a significant leap forward in the capabilities of our Wrap Intrensic BWC Solution and secures our position as a leading innovator in the DEMS industry," said Kevin Mullins, CEO at Wrap Technologies Inc. "We believe that harnessing the power of AI will not only streamline the workflows of law enforcement agencies and improve efficiency but also contribute to greater transparency and accountability in policing."
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BCTX | Hot Stocks09:09 EST BriaCell is presenting posters on Bria-IMT at SABCS - BriaCell Therapeutics is presenting 3 posters including two today at the 2023 San Antonio Breast Cancer Symposium, SABCS, at Henry B. Gonzalez Convention Center, San Antonio, TX. Today's posters highlight the activation of cancer fighting immune cells by the Bria-IMT combination regimen that was identified using leading-edge technologies. These tools may be used to evaluate immune system responses to immunotherapy treatments, and perhaps to predict survival and clinical benefit in cancer patients treated with the Bria-IMT regimen. "Bria-IMT combination regimen with immune checkpoint inhibitors activated cancer-fighting CD8+ T cells turning "Cold" tumors "Hot" on ImmunoPET imaging." In summary, the use of leading technologies such as CD8 ImmunoPET imaging, peripheral blood tumor markers, and circulating cancer-associated cells demonstrate the therapeutic potential of the Bria-IMT combination therapy regimen. These findings support the use of this combination regimen in Phase 3 study. "Analysis of Antibody Response to SV-BR-1-GM Therapeutic Vaccine in Breast Cancer Patients Using Human Protein Microarrays: Potential Correlations with Therapy Response." Overall, BriaCell's data shows significant anti-tumor activity of its lead candidate, Bria-IMT in advanced metastatic breast cancer. Using innovative technologies, we believe that we have identified potential predictors of patients' survival following treatment with the Bria-IMT combination therapy regimen. We plan to further investigate these findings in our ongoing Phase 3 study in advanced metastatic breast cancer.
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ZM | Hot Stocks09:09 EST Zoom Video announces enhancements for AI-powered CX suite, new pricing plans - Zoom Video Communications announced enhancements across its AI-powered customer experience suite and new pricing plans that are expected to be available in the coming weeks. To support its growing customer base and its various business needs, Zoom Contact Center will be available in new tiered plans that each include voice, video, chat, and Short Message Service channels, real-time transcription, remote control, Agent Computer-Telephony Integration, surveys, and AI Companion capabilities including summarization. Additional features, including inbound email and social channel support, and outbound dialers are supported in mid-tier plans. Zoom AI Expert Assist and Workforce Engagement Management will be included in top-tier plans, and available as an add-on to any package. These new plans offer exceptional customer value and flexibility to meet the needs of small-to-large contact center departments. New packages provide flexibility and value Zoom's new packages provide enterprise-grade feature sets designed to serve the needs of its customers, no matter their size. All product offerings are available to mix and match as named or concurrent licenses. Essentials The Essentials package starts at just $69 per month and includes Zoom AI Companion, remote control, privacy and security features, and support for the most critical channels: omnichannel voice, chat, SMS, and video, as well as many other core capabilities. Premium In addition to the features offered in the Essentials package, the Premium package provides support for email, social channels, and outbound dialer, starting at $99 per month. Elite Elite customers have access to all the features from the Premium package, plus Zoom AI Expert Assist, Quality Management, and Workforce Management, starting at $149 per month. Additionally, customers with Essentials and Premium packages have the option to purchase features such as Zoom AI Expert Assist and Workforce Engagement Management as add-ons to their package.
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SCLX | Hot Stocks09:07 EST Scilex's ZTlido will be added as preferred agent to Medicaid PDL in two states - Scilex Holding announced that one Midwestern and one Southern State voted to add ZTlido as a preferred agent to their Medicaid Preferred Drug Lists, PDL, effective as of January 1, 2024. These changes have the potential to improve access to ZTlido for all eligible patients covered under Medicaid in these two states which will provide additional coverage to approximately 5.0 million lives.
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VZ | Hot Stocks09:07 EST Verizon Frontline, Columbus Division of Police partner for connectivity - Verizon Frontline late last week completed the deployment of a total of 1,400 new 5G Ultra Wideband-compatible smartphones to officers and support staff with the Columbus Division of Police. The new lines come as part of a city initiative designed to help ensure every officer in Columbus is equipped with a smartphone pre-loaded with proprietary law enforcement applications. Providing each law enforcement officer with a city-issued device prevents officers from having to use their personal devices for official business while also helping enhance efficiency and information security.
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INVO | Hot Stocks09:06 EST INVO Bioscience merger partner NAYA Biosciences signs research partnership - NAYA Biosciences, which has recently signed a definitive merger agreement with INVO Bioscience to establish an expanded, publicly-traded life science company dedicated to increasing patient access to breakthrough treatments in fertility, oncology, and regenerative medicine, and ONK Therapeutics, a cell therapy company dedicated to developing the next generation of optimally engineered off-the-shelf natural killer - NK - cell therapies, have entered into a research partnership to evaluate combination therapy consisting of NAYA's FLEX-NK bispecific antibodies and ONK's optimally engineered NK cells. The merger has been unanimously approved by the board of directors of each company and is expected to close in Q1 2024. NAYA and ONK plan to assess several combination therapies in preclinical cancer models in 2024 prior to subsequently exploring initiating clinical trials. Both companies will share the costs of manufacturing and preclinical assessments.
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RIOT | Hot Stocks09:05 EST Riot Platforms produced 552 bitcoin in November - Riot Platforms announces unaudited production and operations updates for November 2023. Bitcoin produced: 552. Average bitcoin produced per day: 18.4. Bitcoin held: 7,358. Bitcoin sold: 540. Deployed hash rate: 12.4 EH/s. Deployed miners: 112,944. Bitcoin sales - net proceeds: $19.6M. "Riot continued to increase monthly Bitcoin production in November, mining 552 Bitcoin during the month, a 21% increase over October's production," said Jason Les, CEO of Riot. "Despite the headwinds of a nearly 9% increase in network difficulty, the ongoing return of hash rate in Building G at our Rockdale Facility and reduced curtailment activity helped drive this strong increase in our production activity."
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CNXA | Hot Stocks09:04 EST Connexa Sports to start initial roll-out of Slinger AI Tennis app beta version - Connexa Sports confirmed that following a very positive consumer response to its request for beta testers for its Artificial Intelligence driven Slinger App for tennis, that the initial roll-out of the app's beta version will start later this week. Roll-out will be staged over several days with 250 tennis players per day being given free access to the App. The Slinger App, powered by Gameface, provides tennis players with access to analytics data through a sport specific, automated AI platform that analyzes and extracts data from uploaded player practice or match videos. Gameface's core analytic capabilities are delivered through a compatible single camera or smart phone, which facilitates scalable solutions for the tennis market without relying on specific hardware or camera types. Following completion of the beta testing, the Slinger App will launch to the market in February 2024. Initially users will be provided with a 'freemium' version with the plan to commence its estimated $10 per month or $100 per annum subscription service as new analytic features are added.
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HUBC | Hot Stocks09:03 EST HUB Security wins EUR 15.5M project with Swiss aviation vendor - HUB Cyber Security announces that it has agreed to provide services in connection with a framework agreement with a prominent Swiss aviation vendor at an initial scope of approximately EURO 15.5M, with potential expansions over the next three years. For the first phase of the project, the vendor is expected to pay an approximate total of EURO 15.5 million based on milestone payments over the course of the project. HUB CEO, Noah Hershcoviz, commented: "Once again, this vote of confidence validates our core technology and we look forward to additional wins and announcements in the near future. We believe that long-term projects with global top-tier clientele will make all the difference on our turnaround. My team and I are dedicated to the business and bringing clear tangible results to secure long-term investors' confidence in our brand."
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RUSHA | Hot Stocks09:02 EST Rush Enterprises board approves $150M stock repurchase program - Rush Enterprises' Board of Directors approved a new stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $150 million of its shares of Class A Common Stock, par value $0.01 per share, and/or Class B Common Stock, par value $0.01 per share. The Company also today announced that, concurrently with and as part of the stock repurchase program, it has purchased 1,500,000 shares of Class B Common Stock for an aggregate consideration of $65.3 million from W.M. "Rusty" Rush, the Company's Chairman of the Board, CEO and President. The transaction was funded with cash on hand. Mr. Rush advised the Company that the shares are being sold, in part, to repay a $40 million personal loan incurred by Mr. Rush with a balance of approximately $37 million that was secured by shares of the Class A Common Stock and Class B Common Stock owned by Mr. Rush as well as for financial diversification and tax planning purposes. The shares repurchased from Mr. Rush represent approximately 16.7% of the total shares of Class B Common Stock beneficially owned by Mr. Rush. After the transaction, Mr. Rush will continue to beneficially own 180,339 shares of Class A Common Stock and 7,493,809 shares of Class B Common Stock. The terms of the transaction were negotiated on behalf of the Company by a committee of independent directors of the Company's Board of Directors with the assistance of its independent legal and financial advisors, Baker Botts L.L.P. and Houlihan Lokey Capital, Inc.
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CDIO | Hot Stocks08:59 EST Cardio Diagnostics receives noncompliance notification from Nasdaq - Cardio Diagnostics 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 for continued listing on The Nasdaq Capital Market.
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BTI... | Hot Stocks08:57 EST British American Tobacco to take impairment charge mainly on U.S. brands - British American Tobacco (BTI) CEO Tadeu Marroco said: "Consistent with our vision to 'Build a Smokeless World', and in combination with the current macro-economic headwinds impacting the U.S. combustibles industry, in 2023 we will take an accounting non-cash adjusting impairment charge of around GBP 25B. This accounting adjustment mainly relates to some of our acquired U.S. combustibles brands, as we now assess their carrying value and useful economic lives over an estimated period of 30 years. Accordingly, we will commence amortization of the remaining value of our U.S. combustibles brands from January 2024. Building on our broad-based performance in 2023, I am clear that now is the right time to further invest to accelerate our transformation. We are making active investment choices to strengthen our U.S. business, accelerate innovation momentum in Heated Products globally, and enhance capabilities that support our strategic delivery. These investments will impact in 2024, and alongside continued macro-economic pressures in the U.S., we now expect growth in revenue and adjusted profit from operations of low-single digit on an organic1 basis at constant rates. We expect a progressive improvement to 3-5% revenue growth, and mid-single digit adjusted profit from operations growth on an organic1 basis at constant rates by 2026. We will continue to reward shareholders through our strong cash returns, including our progressive dividend, and, once the middle of our leverage range is reached, we will evaluate all opportunities to return excess cash to our shareholders. I am confident that the choices we are making today will drive our long-term success and deliver sustainable value for all of our stakeholders." Other publicly traded companies in the tobacco products space include Altria Group (MO), Imperial Brands (IMBBY) and Philip Morris (PM).
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GETY | Hot Stocks08:57 EST Getty Images, BBC Studios partner on archive video platform - Getty Images in partnership with BBC Studios announces the launch of a new platform giving its customers unprecedented access to BBC archive video and a new seamless search, purchase and download experience. Designed to intuitively enable end-users to select and order content, the platform, powered by MAM software specialists VIDA Content OS, allows easy access to over 57,000 programs from the BBC archive which was previously only available offline by a heavily manual process. Customers can now securely search the entire digitized library, view, annotate, clip, share, and download previews for use within projects. Post clearance, the high-resolution masters are available immediately, providing significant benefit for fast turnaround projects.
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BTI | Hot Stocks08:55 EST British American Tobacco now sees 2023 organic revenue at low end of guidance - British American Tobacco issued the following technical guidance for full year 2023: Global tobacco industry volume expected to be down circa 3%; Low end of 3-5% organic constant currency revenue growth; Strong New Category revenue growth with further improvement in category contribution alongside incremental investment; Mid-single figure constant currency adjusted diluted EPS growth, including a circa 2% transactional FX headwind; Translational FX is expected to be a circa 3% headwind on full year adjusted diluted EPS growth; Non-cash amortization charge will be treated as an adjusting item; Adjusted diluted EPS includes the divestment of our business in Russia/Belarus in September; Operating cash flow conversion close to 100%. Tadeu Marroco, Chief Executive, said: "In 2023 we continue to expect another year of delivery in line with our guidance. I am encouraged by the strong performances of Vuse and Velo, delivering strong volume led revenue growth, and increased profitability. As a result, we now expect New Categories to be broadly breakeven in 2023, two years ahead of our original target. In combustibles, while the U.S. macro-economic environment remains challenging, I am encouraged that our commercial plans are starting to deliver early signs of portfolio recovery. In AME and APMEA we expect to deliver another strong revenue and profit performance, driven by the strength of our well-balanced portfolio of global brands. Together, this performance demonstrates the benefit of our global footprint, and multi-category strategy. To accelerate the next phase of our transformation journey, we are now committing to 'Building a Smokeless World'. We will deploy our global multi-category portfolio to actively encourage smokers to 'Switch to Better' nicotine products, realising the multi-stakeholder benefits of 'A Better Tomorrow'."
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CHDN | Hot Stocks08:50 EST Churchill Downs opens Derby City Gaming Downtown in Kentucky - Churchill Downs announced the opening of Derby City Gaming Downtown in Louisville, Kentucky. The $90M investment marks CDI's sixth historical racing machine entertainment venue in Kentucky.The 43,000 sq. ft. two-story Kentucky Derby themed entertainment venue includes a gaming floor with 500 HRMs featuring some of the most popular and fan favorite themes on the market. DCG Downtown offers three unique food and beverage experiences: First Turn Sports Bar & Stage hosts the property's Race & Sports Book along with a stage for live entertainment, Trophy Bar Bourbon & Cigars offers the finest bourbons and hand-rolled cigars with a smoking patio and Fascinator Wine Bar provides an intimate atmosphere with a refined wine list and small bites. The entertainment destination includes 130 on-site guest parking spaces and boasts an exterior facade wrapped with the region's first naked-eye 3D video board. A Kentucky Derby gift shop is located on the main level of the property with a dedicated street entrance for all ages. The development of DCG Downtown generated 400 construction jobs and will result in over 150 permanent jobs. CDI joined Messer Construction to focus project efforts on supplier diversity, economic inclusion and community engagement.
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ASNS | Hot Stocks08:48 EST Actelis Networks receives order for hybrid fiber-copper networking devices - Actelis Networks has received and has delivered a new order for multi-gigabit hybrid fiber-copper networking devices to help support the City of Everett's growing intelligent traffic management network.
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SQFT | Hot Stocks08:47 EST Presidio granted second 180-day period to regain Nasdaq compliance - Presidio Property Trust announced that the Company has been granted an additional 180-day period from Nasdaq's Listing Qualification Department, through June 3, 2024, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Company's common stock continues to trade on the Nasdaq Capital Market under the symbol "SQFT." If at any time until June 3, 2024, the closing bid price of the Company's common stock is at or above $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide the Company with written confirmation of compliance. If compliance cannot be demonstrated during the additional 180-day grace period, Nasdaq will provide written notification that the common stock will be subject to delisting. At such time, the Company may appeal the determination to a Nasdaq Hearings Panel. The Company intends to monitor the closing bid price of its common stock between now and June 3, 2024, and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period.
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JAGX | Hot Stocks08:42 EST Jaguar Health reports publication on quality of life for breast cancer patients - Napo Pharmaceuticals announced that the abstract for "More Than a Diagnosis: A Quality of Life Survey for Individuals with a Diagnosis or History of Cancer," an online, anonymous Napo-supported survey initiative of Advocates for Collaborative Education to shed light on the diverse and profound challenges faced by individuals living with a diagnosis or a history of cancer, is now available on the website for the December 2023 San Antonio Breast Cancer Symposium. Across a wide range of demographic subsets, including age, race, stage of cancer, and treatment modalities, 334 survey respondents with a history of breast cancer reported a decline in QoL scores precancer versus post-cancer. Physical and emotional well-being emerged as top priorities for most respondents, 47.9% and 27.5% respectively. Of 17 listed side effects, respondents cited fatigue, muscle/joint pain, and emotional distress as primary concerns, with sexual dysfunction and cognitive impairment ranking prominently. Forty-six percent reported severe to very severe emotional distress, but only 55% of those felt informed or well informed about the possibility of emotional distress. Among respondents, only 41% received a plan to address emotional distress. Many respondents felt unprepared for physical side effects. While 54% of individuals experienced diarrhea or fecal incontinence as a treatment side effect, 22% of affected individuals did not feel informed about the possibility of such side effects. Survey findings also highlight the consequences of treatments to manage side effects. Thirty-seven percent of respondents were prescribed treatment to address diarrhea and 100% of these patients reported additional side effects stemming from this supportive care, including nausea, constipation, and fatigue. Jaguar's poster outlining the design of the company's pivotal Phase 3 OnTarget trial for cancer therapy-related diarrhea and the neglected medical need of CTD will also be presented at SABCS on December 7th. The trial is evaluating the company's plant-based prescription drug crofelemer for prophylaxis of diarrhea in adult cancer patients with solid tumors receiving targeted therapy, with or without standard chemotherapy. The top line results of the study are forthcoming.
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METC | Hot Stocks08:41 EST Ramaco Resources sees 2024 production 3.9-4.4 million tons - As of November 30, the company had sales commitments of over 2 million tons for delivery in 2024. Anticipates 2024 cash cost of sales of $105-$111 per ton, as increased production levels are partially offset by continued inflationary cost pressure. Anticipates 2024 CapEx of $45M-$55M, at the midpoint of production guidance. Even at the high end of production guidance, anticipates 2024 CapEx to remain well below 2023 figures, as the production range is driven more by demand factors as opposed to capex spend. 2024 selling, general and administrative costs is estimated at $38M-$42M, excluding non-cash stock compensation. Expects interest expense of less than $5M, and an effective tax rate of 20 - 25%. Anticipates depreciation, depletion, and amortization of $57M-$63M.
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VZ ZBRA | Hot Stocks08:40 EST Verizon, Zebra Technologies launch device, software solutions - Verizon Business (VZ) and Zebra Technologies (ZBRA) announced the launch of Zebra mobile device and software packaged solutions designed to help Verizon Private 5G customers reap the benefits of their networks even faster. With Verizon Private 5G, Zebra's enterprise mobile computers and tablets will have more network capacity to work with, enabling instant and secure voice communication among groups of users in diverse commercial environments, from warehouses to manufacturing sites to industrial work zones and shipyards. "As a network provider, Verizon wants to make it easier for customers to get the devices and software they'll need to take full advantage of their private network as soon as possible," said Steve Szabo, Vice President of Business Products for Verizon Business. "Partnering directly with Zebra Technologies accelerates the timeline from adoption to implementation, giving critical days or weeks back to businesses that can get caught up in protracted cycles of getting operations up and running."
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WFRD PBR | Hot Stocks08:39 EST Weatherford awarded 10K DPR intervention services contract with Petroleo - Weatherford International (WFRD) announced it has been awarded a five-year contract with Petroleo Brasileiro S.A.(PBR) in Brazil, after a competitive tender, to provide Drill Pipe Riser ultra deepwater offshore intervention systems and services. This new seven-system contract will commence operations March 2025 and will replace a current six-system contract that began in November 2020. Girish Saligram, Weatherford President and CEO, commented, "We are pleased to win another Petrobras contract. Weatherford has experience in subsea intervention services to extend the productive life of its assets and this contract, combined with the offshore intervention services contract announced in July 2023, highlights the strength of our Brazilian operations. We look forward to continuing our longstanding partnership with Petrobras."
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LILM | Hot Stocks08:38 EST Lilium starts production of Lilium Jet - Lilium announces the start of production of the Lilium Jet, following the arrival of the first Lilium Jet fuselage at Lilium's final assembly line. In parallel, Lilium's world-class tier one suppliers are ramping up production of parts and systems for the Lilium Jet. Production of the Lilium Jet takes place at Lilium's state-of-the-art facilities in Wessling, Germany. Lilium's testing & manufacturing center, propulsion & aerostructures facility, final assembly building, and the newly constructed battery assembly building and logistics hub, where aircraft parts are readied for integration on the final assembly line, are all located alongside one another. In total, Lilium's facilities cover an area of 175,000 square-feet
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CLF | Hot Stocks08:38 EST Cleveland-Cliffs announces price increase for coated steel products - Cleveland-Cliffs announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $1,100 per net ton.
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METC | Hot Stocks08:38 EST Ramaco Resources increases cash dividend 10% to 13.75c per share - Ramaco Resources has approved an increase in the Class A dividend by 10% to 13.75c per share. The Q1 dividend is payable on March 15, 2024, to shareholders of record on March 1, 2024. The Board will announce the amount and timing of the Class B common stock dividend after completion of the company's year-end financials in February 2024.
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FBIO | Hot Stocks08:37 EST Fortress' Cyprium executed an Assignment, Assumption Agreement with Sentynl - Cyprium Therapeutics, a Fortress Biotech subsidiary company, announced that it executed an Assignment and Assumption Agreement with Sentynl Therapeutics, a U.S.-based specialty pharmaceutical company wholly owned by the Lifesciences, in which, Cyprium completed the transfer of its proprietary rights and assigned its FDA documents pertaining to CUTX-101, Copper Histidinate product candidate for the treatment of Menkes disease, to Sentynl. Cyprium received $4.5 million at closing and remains eligible to receive up to $129 million in aggregate development and sales milestones under the Agreement, in addition to royalties on net sales of CUTX-101 as follows: 3% of annual net sales up to $75 million; 8.75% of annual net sales between $75 million and $100 million; and 12.5% of annual net sales in excess of $100 million. Cyprium will retain 100% ownership over any FDA priority review voucher that may be issued at NDA approval for CUTX-101. "We are pleased to complete the CUTX-101 asset transfer with Sentynl. Cyprium has made progress with the CUTX-101 rolling NDA submission, and we expect that Sentynl will complete the filing in 2024. The transfer of the CUTX-101 program to Sentynl will result in a reduction in Cyprium's development-related spend, while potentially expediting commercialization upon FDA approval. The drug has demonstrated a compelling safety and efficacy profile for the treatment of Menkes disease and, if approved, CUTX-101 will fill a significant unmet need for children suffering from this rare, fatal pediatric disease," said Fortress' Chairman, President and Chief Executive Officer and Cyprium's Chairman, Lindsay Rosenwald, M.D.
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LRE | Hot Stocks08:36 EST Lead Real Estate sells 17-unit luxury condominium in Tokyo - Lead Real Estate announced that, on November 28, 2023, it completed the sale and delivery of a newly built single luxury income-producing condominium. The 17-unit property, Excelsior Meguromita, located in Meguro, Tokyo, is made from reinforced concrete and has four floors above ground and one basement floor. It has a building area of 10,232 square feet and land area of 3,810 square feet. Due to a confidentiality agreement with the seller, the seller and the sale price are not disclosed. There are no capital, personal, or business relationships between the Company and the seller, and there are no special interests between the Company and the seller.
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SERA | Hot Stocks08:36 EST Sera Prognostics halts PRIME study enrollment due to reaching efficacy endpoint - Sera Prognostics announced that the Data Safety Monitoring Board overseeing its pivotal Prematurity Risk Assessment Combined with Clinical Interventions for Improved Neonatal OutcoMEs study recommended stopping enrollment due to efficacy, reporting that either of the co-primary endpoints met the stopping criteria for statistical significance at the pre-planned interim analysis. The company has adopted the DSMB's recommendation and will stop PRIME study enrollment to focus on analyzing and reporting the available data.
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IGC | Hot Stocks08:35 EST IGC Pharma announces collaboration to integrate AI into clinical trials - IGC Pharma announced an Artificial Intelligence AI collaboration with Los Andes University's Center for Research and Training in Artificial Intelligence CINFONIA. The partnership aims to leverage Generative AI to analyze variations in disease signatures among patients, enabling IGC Pharma to identify individuals more likely to respond to treatment and subsequently accelerate the delivery of treatments to patients...These variables encompass neuropsychiatric scales, blood pressure, diet, and more intricate elements such as genetic markers and over 100 other biomarkers. The team has become implementing a deep learning algorithm to develop an adversary-based optimization methodology to enable the interpretation of non-linear relationships between these input variables and treatment outcomes, like efficacy and adverse events. The strategic integration of AI is an essential initiative for IGC Pharma as the Company is pursuing five assets developed to target Alzheimer's disease. These assets include IGC-AD1, TGR-63, LMP, IGC-1C, and IGC-M3, which are in different stages of development.
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IDCC | Hot Stocks08:35 EST InterDigital increases share repurchase authorization to $300M - InterDigital announced that the company's Board of Directors has authorized an increase to the outstanding amount of the company's existing share repurchase program of approximately $235M to a total of $300M, effective as of December 1, 2023.
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ALTO | Hot Stocks08:34 EST Alto Ingredients extends term loan commitment period - Alto Ingredients amended its $125M senior secured term loan facility with certain funds managed by Orion Infrastructure Capital to extend the commitment period for undrawn capital available under the term loan facility by one year to November 2024. No other material terms were changed.
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CLAR | Hot Stocks08:33 EST Clarus reports status of HAP Trading short-swing profit litigation - Clarus Corporation reported on the status of its claims against HAP Trading, LLC and Mr. Harsh A. Padia. On November 20, 2023, Clarus submitted its expert's report calculating the recovery that may be available to Clarus from HAP Trading's purchases and sales of Clarus common stock in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended. Clarus engaged Charles Lundelius, a Managing Director with Berkeley Research Group, to conduct a comprehensive review of HAP Trading's transactions in shares of Clarus' common stock during the period July 19, 2022 to September 23, 2022. The Lundelius report reflects a potential recovery of $46,157,732. Rebuttal reports from HAP Trading's expert are due by December 22, 2023, and thereafter, other court mandated timelines include the deadline for expert discovery on January 19, 2024 and a joint status letter to the court on January 26, 2024. HAP Trading has also submitted expert reports claiming market making and arbitrage exemptions from the requirements of Section 16(b), which Clarus and Lundelius have concluded are not applicable in the current context. However, there can be no assurance that all or any of the amount indicated in the Lundelius report will be recovered by Clarus. Clarus believes that each of Caption Management, LLC and Parallax Master Fund, L.P. may also have violated Section 16(b), and is continuing its investigation on potential claims against them.
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MSA | Hot Stocks08:33 EST MSA Safety wins $35M breathing apparatus contract with U.S. Air Force - MSA Safety announced it was awarded a $35M contract with the U.S. Air Force to provide its air base fire brigades with new respiratory protective equipment. The contract covers the supply of MSA's G1 Self-Contained Breathing Apparatus model along with related facepieces, chemical warfare component masks, and supplied-air respirator kits, which enable the SCBA to be used as a longer-duration airline device. The units will replace older model MSA air masks and will be used by U.S. Air Force fire brigades operating at U.S. air bases around the world. Production work in support of the U.S. Air Force units began this fall at the company's Murrysville, Pennsylvania manufacturing facility. The company expects deliveries to continue through year-end and extend into 2024.
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WBUY | Hot Stocks08:33 EST Webuy announces MOU to acquire PT. Tiga Sakti Utama - Webuy Global announced it has entered into a non-binding Memorandum of Understanding to acquire controlling interest in PT. Tiga Sakti Utama, a leading importer and wholesaler of fruits in Surabaya, Indonesia. Under the MOU, the Company would receive a 51% equity interest in TSU in exchange for 800,000 of the Company's ordinary shares with certain lockup arrangement. Pending the execution of a definitive agreement between the parties, the acquisition is subject to further due diligence and ongoing discussion of customary closing conditions. The parties expect to finalize a definitive agreement in mid 2024. Vincent Xue Bin, Chief Executive Officer and Co-Founder of Webuy Global, stated, "This proposed acquisition aligns seamlessly with Webuy's overarching strategy to position itself as a key player in the thriving fruit market of Indonesia, which boasts a population of nearly 300 million people. Moreover, the city of Subaya is a key geographic foothold to support our expansion initiatives across Southeast Asia. Given TSU's established leadership position, we see immense potential for this strategic acquisition, which we believe will solidify our presence in the region. We also anticipate gaining substantial operating leverage and economies of scale through our cooperation. We look forward to providing further updates as the planned acquisition progresses."
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NPWR | Hot Stocks08:32 EST NET Power and Lummus sign supplier agreement for heat transfer equipment - NET Power has signed a Strategic Supply Agreement with Lummus Technology to design and supply recuperative heat exchangers for NET Power's near-zero emissions power generation process. The HXR recovers energy from the turboexpander exhaust and air separation unit to reheat recirculated CO2. As the licensed NET Power HXR supplier, Lummus will provide HXR systems for NET Power's utility-scale power plants. Upon completing the Project Permian Front-End Engineering Design, NET Power intends to issue a purchase order to Lummus for its first utility-scale power plant in Texas.
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CELC | Hot Stocks08:32 EST Celcuity presents preclinical data on therapeutic effects of gedatolisib - Celcuity presented data from preclinical studies evaluating gedatolisib and other PI3K/AKT/mTOR inhibitors in breast cancer cell lines during a poster session at the 2023 San Antonio Breast Cancer Symposium. The preclinical studies evaluated gedatolisib, a pan-PI3K/mTOR inhibitor, and PAM inhibitors that selectively target single PAM nodes to compare the functional effect of inhibiting multiple vs. single PAM pathway nodes in a panel of breast cancer cell lines. In cell viability and proliferation analyses, gedatolisib was found to be more cytotoxic and at least 300-fold more potent, on average, compared to the single node PAM inhibitors. Mechanistically, gedatolisib decreased cell survival, DNA replication, protein synthesis, glucose consumption, lactate production and oxygen consumption more effectively than the other PAM inhibitors. In vivo studies confirmed that pan-PI3K/mTOR inhibition by gedatolisib reduced tumor cell growth more effectively than single node inhibitors in breast cancer patient derived xenograft models with and without PAM pathway mutations.
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OSIS | Hot Stocks08:31 EST OSI Systems awarded $5M contract - OSI Systems announced that its Optoelectronics and Manufacturing division has received orders totaling approximately $5M to provide electronic assemblies to a leading technology OEM. The company plans to use its operations in the United Kingdom to fulfill these orders.
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CMRA | Hot Stocks08:31 EST Comera Life Sciences initiates process to explore strategic alternatives - Comera Life Sciences has initiated a process to explore strategic alternatives to maximize shareholder value. As part of its process, Comera is exploring the potential for an acquisition, company sale, merger, divestiture of assets, licensing, or other strategic transactions and/or seeking additional financing. There is no set timetable for this process and there can be no assurance that this process will result in the Company pursuing a transaction or that any transaction, if pursued, will be completed on attractive terms. If the Company is unable to complete a transaction, it may be required to seek a reorganization, liquidation or other restructuring. The Company does not expect to disclose or provide an update concerning developments related to this process unless or until the Company's Board of Directors has approved a definitive course of action or otherwise determines that other disclosure is necessary or appropriate jurisdiction.
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WLBMF | Hot Stocks08:29 EST Wallbridge Mining files preliminary base shelf prospectus - Wallbridge Mining Company has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada. The Shelf Prospectus, when made final and effective, will allow Wallbridge to offer from time to time over a 25-month period up to $50 million of equity, debt or certain other securities. The final base shelf prospectus is expected to be filed in the week of December 11, 2023. The Company currently has no plans to undertake a financing. The terms of future offerings, the intended use of the net proceeds resulting from such offerings and the terms of the Securities to be offered, if any, will be established at the time of any such offering and will be described in a prospectus supplement filed with the applicable Canadian securities commissions at the time of such an offering.
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GERN | Hot Stocks08:23 EST Geron gets 50% enrollment in IMpactMF trial for Imetelstat in MF patients - Geron announced achievement of fifty percent enrollment in the Phase 3 IMpactMF clinical trial investigating the Company's first-in-class telomerase inhibitor, imetelstat, versus best available therapy BAT in patients with relapsed/refractory myelofibrosis or MF. "Reaching fifty percent enrollment in IMpactMF is an important milestone towards the completion of this first-of-its-kind registration-enabling trial, and we are very grateful to all of the investigators, research staff and patients who are participating," said Faye Feller, M.D., Executive Vice President, Geron's Chief Medical Officer. "This is the first Phase 3 trial to evaluate overall survival as a primary endpoint in relapsed/refractory MF and is also the first Phase 3 trial investigating a telomerase inhibitor in this patient population. We believe that if IMpactMF confirms the clinical benefits of symptom response and overall survival observed in the Phase 2 IMbark study, that imetelstat could become a standard of care in relapsed/refractory myelofibrosis." An interim analysis is expected when ~35% of the planned enrolled patients have died and a final analysis is expected when more than 50% of the planned enrolled patients have died. Based on projected planning assumptions for enrollment and death rates in the trial, interim analysis is expected in the first half of 2025 and final analysis is expected in the first half of 2026.
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CRGX | Hot Stocks08:21 EST Cargo Therapeutics announces Scientific Advisory Board - CARGO Therapeutics announced the formation of a Scientific Advisory Board comprised of distinguished experts in cancer research, immunology, and CAR T-cell therapy. The SAB will be chaired by Robbie Majzner, MD, co-founder of CARGO and Director of the Pediatric and Young Adult Cancer Cell Therapy Program within the Departments of Pediatric Oncology and Medical Oncology at Dana Farber Cancer Institute and the Division of Hematology/Oncology at Boston Children's Hospital. The SAB will provide strategic counsel and critical expertise as CARGO advances its mission to develop the next generation of transformational CAR T-cell therapies. Members of the CARGO Scientific Advisory Board: Robbie Majzner, MD, co-founder of CARGO and Scientific Advisory Board Chair, and Director of the Pediatric and Young Adult Cancer Cell Therapy Program within the Departments of Pediatric Oncology and Medical Oncology at Dana Farber Cancer Institute and the Division of Hematology/Oncology at Boston Children's Hospital; Stephen Gottschalk, MD, Chair of the Department of Bone Marrow Transplantation and Cellular Therapy at St Jude Children's Research Hospital; Andras Attila Heczey, MD, Professor, Department of Pediatrics of Baylor College of Medicine, Section of Pediatric Hematology and Oncology; Marcela Maus, MD, PhD, Associate Professor at Harvard Medical School, the Paula O'Keefe Chair in Oncology, Director of Cellular Immunotherapy at Massachusetts General Hospital Cancer Center, Attending Physician in the Hematopoietic Cell Transplant and Cell Therapy Division of Oncology at MGH; Cameron Turtle, MBBS, PhD, Professor and CLEARbridge Chair in Cancer Immunotherapy in the Faculty of Medicine and Health at the University of Sydney; Clinical academic physician at Royal North Shore Hospital, Sydney, Australia
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KIDS | Hot Stocks08:21 EST OrthoPediatrics announces launch of specialty bracing division - OrthoPediatrics announced the launch of a new division, focused on non-surgical intervention for pediatric orthopedics. The OrthoPediatrics Specialty Bracing division will serve as a flagship house of brands and innovative products that expand the Company's Total Addressable Market by approximately $600 million. Additionally, the Company announced the release of the DF2 Brace as part of its expansion in the non-surgical business for treating kids with musculoskeletal injuries. . OrthoPediatrics' President of Trauma & Deformity Correction, Joe Hauser will also lead the new non-operative business, commenting, "We are excited for the launch of the new OPSB division, and our continued expansion into pediatric orthopedic non-surgical treatments for kids. This new addition advances our growth strategy of providing a broad product portfolio uniquely designed to treat children while surrounding pediatric orthopedic surgeons with the most comprehensive product offering in the market."
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ONVO | Hot Stocks08:19 EST Organovo provides timing for release of FXR314 Phase 2 NASH results - Organovo Holdings will release final and complete data from a Phase 2a trial of FXR314 in non-alcoholic steatohepatitis patients by April 2024. The Company anticipates presentations at scientific meetings as well as publication in peer-reviewed journals. The release of this data will be the first public release of the completed clinical trial data. In an already reported interim analysis of about 60 patients after 16 weeks of treatment, FXR314 lowered liver fat content as demonstrated by a reduction in the median MRI-PDFF score of 28.6% in the 3 mg cohort and 26.9% in the 6 mg group compared with a reduction of only 1.5% in the placebo group. Post-hoc comparative assessment of relative liver fat reduction in the interim cohort found the decrease with 3 mg to be statistically significant compared to placebo. In a measure of activity in individual patients, FXR314 achieved greater than 30 percent liver fat reduction in 47 percent of patients in the 3 mg cohort and 35 percent in the 6 mg cohort, compared with 12 percent in the placebo arm. FXR314 was generally well-tolerated in this NASH population, with no treatment-related serious adverse events. All treatment-related AEs were mild-moderate with no apparent dose relationship. Mild-moderate pruritus was reported in one patient in the 3 mg cohort and one patient in the 6 mg cohort. No pruritus-related treatment discontinuations occurred. Organovo's current development program for FXR314 focuses on inflammatory bowel disease, where the drug's differentiated mechanism of action, as highlighted in Organovo's recently provided mechanism of action video, provides substantial promise that the drug's impact will strongly complement the biology of other successful drugs in ulcerative colitis and Crohn's disease. Organovo plans to begin enrollment for a proof-of-concept Phase 2 ulcerative colitis study in 1H 2024, with targeted completion in 1H 2025. The drug's additional promise in liver fibrosis and NASH makes it a strong candidate for development in that area through partnership collaborations with Organovo.
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TGL | Hot Stocks08:19 EST Treasure's ZCITY conducts live session on TikTok with AI robot host - Treasure Global announces an achievement in the e-commerce industry with ZCITY, its e-commerce subsidiary. ZCITY has become the first business in Malaysia to conduct a live commerce session on TikTok featuring a dynamic duo - a human host partnered with an artificial intelligence robot host, marking a significant leap forward in the realm of digital shopping experiences. "Today marks a historic moment not only for Treasure Global and ZCITY, but for the entire e-commerce industry in Malaysia. Our AI-human hosted TikTok Live Commerce has surpassed expectations, showcasing the immense potential of innovative technology in reshaping the way consumers interact with brands to enhance the shopping experience. This success underscores our commitment to pushing the boundaries of what's possible and redefining the future of e-commerce," said Sam Teo, Chief Executive Officer of Treasure Global Inc.
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CMGR | Hot Stocks08:17 EST Clubhouse Media exploring implementation of AI on HoneyDrip.com - Clubhouse Media announced that HoneyDrip.com is engaging various AI consultants to explore the potential of using AI to support the back-end functions of the site and to enhance processes. The site has also seen month over month growth, continuing into November 2023. Honeydrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content. HoneyDrip.com has experienced rapid growth in four main categories during the month of November 2023 alone: Active performers on the site increased by 5% ; Content posts to be sold increased by 5%; Active users increased by 5%; Applications from creators wishing to join the site increased by 3%
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ASTI | Hot Stocks08:17 EST Ascent Solar adjourns annual meeting for soliciting of additional votes - Ascent Solar Technologies announced that its 2023 Annual Meeting of Stockholders scheduled for December 5, 2023 has been adjourned for the purpose of soliciting additional votes with respect to the proposals described in the Company's definitive proxy statement for the Annual Meeting, filed with the Securities and Exchange Commission on October 23, 2023. The required quorum for the transaction of business at the Annual Meeting is a majority of the voting power of shares of common stock issued and outstanding on the record date. The meeting was attended by less than the required voting power represented in person or by proxy. The Annual Meeting will be reconvened on Thursday, December 14, 2023, at 10:00 a.m. Mountain Time, and will continue to be held at the Company's corporate office at 12300 Grant Street, Thornton, CO 80241. The record date for determination of stockholders entitled to vote at the reconvened Annual Meeting remains October 16, 2023. At the time the Annual Meeting was adjourned, proxies had been submitted by stockholders representing approximately 42.3% of the shares of the Company's common stock issued and outstanding as of the record date. At the time the Annual Meeting was adjourned, each of the proposals described in the Annual Meeting proxy statement had received a favorable vote from the shares that had been voted.
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MNTS | Hot Stocks08:17 EST Momentus in deal with CTS for transportation and orbital delivery services - Momentus signed a contract with CalgaryToSpace or CTS for transportation and orbital delivery services in 2025. CTS is the only student team in Calgary with the goal of building and operating a satellite in orbit. Momentus is contracted to fly CTS-SAT-1 - a scientific platform for two sophisticated payloads developed at the University of Calgary. The first is a Miniaturized Plasma Imager that will be used to study auroral arcs near the Earth's poles, developed by Dr. Johnathan Burchill. The second is a flexible carbon fiber boom manufactured using a patent-pending 3D printing technique, developed by PhD candidate Nick Elderfield...Momentus is currently booking rideshare and hosted payload customers on the SpaceX Transporter-11 mission targeted for no earlier than June 2024 and the SpaceX Transporter-12 mission targeted for no earlier than October 2024. Momentus provides its transportation and in-space services on either a deployer mounted directly to a Rideshare modular plate or a Vigoride Orbital Service Vehicle, depending on customer mission requirements. Momentus also offers its M-1000 satellite bus for customized and dedicated flights. .
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TLRY | Hot Stocks08:16 EST Tilray unveils Canadian cannabis lineup for the holidays - Tilray Brands through its wholly-owned licensed subsidiaries, Aphria Inc, and Hexo Operations Inc., and Truss Beverages Company Limited, unveils its 2023 holiday products spotlighting essentials from its diverse portfolio of brands, offering a wide range of options for consumers to explore and share during this festive time of year. "To boost holiday festivities for consumers, we are highlighting our latest product offerings including newly formulated chocolates from Chowie Wowie, ready-to-drink THC and CBD beverages from brands including Solei, XMG, Mollo, and RIFF, along with popular flower and new pre-rolls from Redecan, Good Supply, Broken Coast, and CANACA," said Blair MacNeil, President, Canada, Tilray Brands. "I'm proud of our diverse and talented team - their dedication to delivering quality products and innovation allows us to share great reliable products that consumers can enjoy this holiday season, and beyond."
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BNOX | Hot Stocks08:14 EST Bionomics presents detailed data on validity, reliability of SUDS - Bionomics announced the presentation of data on the psychometric validity and reliability of Subjective Units of Distress Scale, SUDS, as an outcome measure in assessing anxiety in SAD clinical trials at the 2023 American College of Neuropsychopharmacology Annual Meeting taking place December 3 - 6 in Tampa, Florida. "We are excited to share the psychometric analysis we conducted of SUDS utilization in the Phase 2 PREVAIL trial of BNC210 in SAD, demonstrating it is a valid, reliable, and sensitive tool to assess anxiety," commented Spyros Papapetropoulos, M.D., Ph.D., President and CEO of Bionomics. "This presentation follows up the successful End-of-Phase 2 meeting we recently had with the U.S. Food and Drug Administration where we agreed on the plan for our registrational study of BNC210 in SAD, including the measurement of SUDS during a public speaking challenge as the primary efficacy endpoint." Key highlights from the poster presentation: BNC210 225 mg and 675 mg demonstrated reduced anxiety in patients with moderate to severe SAD in a public speaking challenge compared to placebo. BNC210 was well tolerated at both doses. Properties of the SUDS were evaluated to assess the SUDS's fit for measuring the reduction in self-reported anxiety severity provoked by a public speaking challenge in patients with SAD: Sensitivity: No floor or ceiling effects were observed in the use of the SUDS in the PREVAIL study indicating it is highly sensitive to change over the entirety of its range. Reliability: The reliability of the SUDS at 20- and 30-minutes post-challenge was very high for both the placebo and the full population. Validity: Baseline SUDS scores demonstrated good convergent validity when compared with State-Trait Anxiety Inventory scores.
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THRM | Hot Stocks08:14 EST Gentherm appoints Laura Kowalchik to board of directors - Gentherm announced that Laura Kowalchik has been appointed to the Company's Board of Directors, effective December 1, 2023. Kowalchik is the CFO of Communications & Power Industries.
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GNSS | Hot Stocks08:13 EST Genasys announces new infrastructure protection orders for U.S. energy sector - Genasys announced sales to three companies in the nuclear energy and oil & gas sectors. The total value of the contracts is $750,000 and they include the Genasys Protect integrated platform and advanced acoustic devices. The systems will be deployed at sites in the central, southwestern, and southeastern United States. "Our intuitive, integrated platform provides robust and effective communication in high-stakes environments, "said Richard Danforth, CEO of Genasys, Inc. "These orders are indicative of the strong traction that Genasys systems and software are generating within the Critical Infrastructure Protection sector."
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MCHP | Hot Stocks08:12 EST Microchip announces availability of Press-Fit Terminal power modules - Microchip Technology announces its expansive portfolio of SP1F and SP3F power modules are now available with Press-Fit terminals for high-volume applications. Solder-free Press-Fit power module terminals allow for automated or robotic installation, which simplifies and speeds up the assembly process to reduce manufacturing costs. The high accuracy of the terminal locations and the novel Press-Fit pin design in the SP1F and SP3F power modules enables high-reliability contact with the printed circuit card. Overall, a Press-Fit power module solution can save valuable time and production costs.
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BVS | Hot Stocks08:11 EST Bioventus agrees to nationwide contact with Aetna Medicare Advantage plans - Bioventus has agreed to a nationwide contract with Aetna Medicare Advantage plans. Beginning January 1, 2024, over 3 million Aetna Medicare Advantage plan members will have access to DUROLANE to treat knee osteoarthritis pain. DUROLANE, is a single-injection hyaluronic acid-based joint-fluid treatment for patients. DUROLANE will be one of two single-injection HA products under contract.
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AWH | Hot Stocks08:10 EST Aspira Women's Health provides development update on EndoCheck - Aspira Women's Health announced that it has completed the design of EndoCheck based on the analysis of samples received from The University of Oxford in October. Data show EndoCheck to be a high-performing blood test for localized endometriosis, including ovarian endometriosis masses known as endometrioma. The Company is collaborating with The University of Oxford on an abstract for presentation and a manuscript for publication to support a commercial launch in 2024. Independent verification of the EndoCheck test for endometriomas, the next step in its development, will begin shortly with data to be provided by The Dana Farber Cancer Institute. "EndoCheck builds upon our unique know-how with AI machine learning and knowledge of gynecologic disease, which are the hallmark of our tests," said Nicole Sandford, President, and CEO of Aspira. "This is an incredibly complex disease, and the development of the test has taken longer than expected. Nonetheless, we are excited to have a test with such a clear signal - a truly first-of-its kind accomplishment. Our next priority is to ensure a successful commercial launch through a thoughtful introduction of EndoCheck into the payor and provider markets in 2024. We are working with our Clinical Advisory Board and our network of academic and clinical collaborators to do just that."
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BF.A BF.B | Hot Stocks08:10 EST Brown-Forman sees FY24 organic net sales up 5%-7% - Sees FY24 capital expenditures $250M-$270M. Sees FY24 effective tax rate 21%-23%.
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SYK | Hot Stocks08:10 EST Stryker director Srikant Datar to retire - Stryker announced that Dr. Srikant Datar has notified the Company that he will not stand for re-election at Stryker's 2024 Annual Meeting of Shareholders, which is expected to be held on May 9, 2024.
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BY | Hot Stocks08:10 EST Byline Bancorp announces new 1.25M shares stock repurchase program - Byline Bancorp announced that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 1.25m shares of the Company's outstanding common stock. The shares authorized to be repurchased represent approximately 2.9% of the Company's currently outstanding common stock. The new program will be effective January 1 and be in effect until December 31. Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, "The new share buyback authorization, which we believe is consistent with our disciplined approach, demonstrates our continued commitment to using this tool as part of our capital management strategy."
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OTLK | Hot Stocks08:09 EST Outlook Therapeutics announces organizational realignment to support ONS-5010 - Outlook Therapeutics announced a realignment of resources. Effective immediately, Joel Prieve, formerly the Senior Vice President of Commercial Operations, has been appointed to the role of Senior Vice President of Licensing and M&A. In this role, he will be responsible for developing and executing the Company's strategy in the areas of licensing and partnerships, as well as evaluating and executing potential merger and acquisition opportunities. Additionally, Terry Dagnon, formerly COO, will assume the new role of Senior Advisor. Previously, Outlook Therapeutics announced the addition of Jedd Comiskey as Senior Vice President - Head of Europe to focus on potential commercial launch and commercial partnership opportunities for ONS-5010 in the EU, if approved. As previously reported, Outlook Therapeutics is working with the FDA to design an additional adequate and well-controlled clinical trial to support the planned ONS-5010 BLA resubmission. Based on the October Type A meeting and ongoing informal discussions with FDA, Outlook Therapeutics has submitted a protocol for a non-inferiority study evaluating ONS-5010 versus ranibizumab in a 3-month study of treatment naive patients with a primary efficacy endpoint at 2 months. Upon confirmation of the protocol details with the FDA, Outlook Therapeutics intends to submit a Special Protocol Assessment to memorialize the agreement with the FDA on the trial design and confirm that, if successful, this additional study, in combination with the successful completion of the ongoing work related to the CMC requests in the Complete Response Letter, would support approval of a resubmitted ONS-5010 BLA. Outlook Therapeutics continues to believe that the proposed clinical trial design as included in the Type A meeting request would allow for completion of the study and resubmission of the ONS-5010 BLA by the end of calendar year 2024. Outlook Therapeutics also submitted a Marketing Authorization Application in Europe, which was validated for review in December 2022. The formal review process of the MAA by the European Medicines Agency Committee for Medicinal Products for Human Use is underway with an estimated decision date expected in the first half of 2024.
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COCP | Hot Stocks08:08 EST Cocrystal Pharma announces first-patient-in for Phase 2a study of CC-42344 - Cocrystal Pharma announces the achievement of first-patient-in for the Phase 2a human challenge clinical trial with CC-42344, an investigational new oral antiviral inhibitor for the treatment of pandemic and seasonal influenza A. This randomized, double-blind, placebo-controlled study will evaluate the safety, tolerability, viral and clinical measurements of influenza A infection in subjects dosed with oral CC-42344 treatment. "There is an urgent need for new oral antivirals targeting pandemic and seasonal influenza that address drug resistance. CC-42344 was discovered using our proprietary structure-based drug discovery platform technology to inhibit the viral replication process. The data from this proof-of-concept clinical study will further validate CC-42344's novel mechanism of action," said Sam Lee, Ph.D., Cocrystal's President and co-CEO. "We expect to report topline data from this clinical trial in 2024."
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MGRX | Hot Stocks08:08 EST Mangoceuticals launches MangoRx Mexico subsidiary - Mangoceuticals announces the establishment of its subsidiary, MangoRx Mexico, which will act as the lynchpin of the Company's Mexican and expanded Latin American sales strategies for its Mango ED products. The Company has engaged one of the largest international law firms, Diaz Reus International Law Firm, to establish its subsidiary presence in Mexico. With offices across five continents, Diaz Reus represents major Fortune 500 brands including Oracle, Nissan, Sony, and Allianz, to name a few. "This has enormous implications for our growth trajectory going forward for several important reasons," noted Jacob Cohen, MangoRx's Co-Founder and CEO. "First, ED medications - such as branded and generic Viagra and Cialis - are available to consumers over-the-counter in Mexico. That presents increased margin and sales volume potential for what we already produce and market here in the United States. Second, Mexico is a completely untapped market as our research indicates that we will be the only company offering an ED product in a flavored rapid-dissolve tablet." Next steps include establishing a manufacturing partner, applying for, and achieving certification with, the Comision Federal para la Proteccion contra Riesgos Sanitarios, and establishing and formalizing distribution partnerships. The Company is already engaged in substantive negotiations with potential manufacturing partners, and it intends to formalize those relationships before the end of 2023. MangoRx has hired market commercialization professional, Efraim Karchmer, as President of MangoRx Mexico. Efi will be tasked with spearheading all initiatives involved in establishing the business operations of the new subsidiary.
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STKL CVGW | Hot Stocks08:08 EST SunOpta announces retirement of CEO Joseph Ennen, Brian Kocher named successor - SunOpta (STKL) announced the planned retirement of Joseph D. Ennen. After five years of dedicated service, Mr. Ennen will retire from SunOpta as its Chief Executive Officer and director on SunOpta's Board of Directors The Board has appointed Brian W. Kocher as the new Chief Executive Officer, effective January 2. In conjunction with this appointment, Mr. Kocher will also become a member of the Board. Mr. Kocher brings a wealth of experience in manufacturing intensive businesses in complex, multi-national organizations and has a strong track record of driving growth and productivity improvements. Brian previously served as President and Chief Executive Officer of both Calavo Growers (CVGW) a global avocado-industry leader and provider of convenient, ready-to-eat fresh food and Castellini Group of Companies, a nationwide produce distribution and supply chain service organization, as well as interim Chief Executive Officer of Chiquita. The Board is confident in Mr. Kocher's ability to lead SunOpta through its next phase of growth and his experience expanding margins and driving operational productivity will be incredibly valuable to the business. To ensure a seamless transition, which the Board believes is in the best interests of all stakeholders, Mr. Ennen will continue as an advisor to the Board and Mr. Kocher until April 1.
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OCX | Hot Stocks08:06 EST OncoCyte begins FDA submissions process for VitaGraft transplant assays - Oncocyte announced it has begun the FDA single-site process for its VitaGraft transplant assays. The single-site process is a well-established pathway for Lab Developed Tests to seek regulatory approval. This move positions Oncocyte within the recent proposed rule from the FDA that seeks to oversight LDTs and puts its lab-developed tests and kitted products on parallel paths. "Establishing our VitaGraft Assay Lab Developed Test as a regulated device is good for patients and is a key part of our regulatory strategy," said Josh Riggs, CEO of Oncocyte. "With minimal incremental investment, we can take a big step forward. If we are successful, it potentially creates what is known as a predicate device. Having a predicate in place can significantly reduce the time and complexity of follow-on submissions to the FDA. We hope to use this pathway when it is time to submit our kitted product."
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DERM | Hot Stocks08:05 EST Journey Medical announces completion of pre-NDA meeting with FDA for DFD-29 - Journey Medical announced that the Company received the official meeting minutes from its pre-New Drug Application, NDA, meeting with the FDA for DFD-29 to treat rosacea in adults. DFD-29 is being developed in collaboration with Dr. Reddy's Laboratories Ltd. The purpose of the meeting was to discuss the 505(b)(2) NDA submission plan for DFD-29 for the treatment of inflammatory lesions and erythema of rosacea. During the pre-NDA meeting and in the official meeting minutes,the FDA agreed that the proposed data package is sufficient to support the NDA submission, which the Company continues to anticipate will occur around year-end of 2023. "We are encouraged by the pre-NDA meeting and the progress we have made towards our goal of securing the regulatory review and approval necessary to make DFD-29 available to patients. With all of the unique differentiators DFD-29 brings to the patient, it has the potential to become the best-in-class and the only oral, systemic therapy to address both inflammatory lesions and redness from rosacea, changing the treatment paradigm for this long-term inflammatory skin condition," said Claude Maraoui, Co-Founder, President and Chief Executive Officer of Journey Medical.
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ORA | Hot Stocks08:04 EST Ormat signed 25-year power purchase agreement with Dominica Electricity - Ormat Technologies announced at the United Nations Climate Change Conference the signing of a groundbreaking 25-year Power Purchase Agreement, PPA, with Dominica Electricity Services, DOMLEC, for the development of a state-of-the-art 10 MW binary geothermal power plant in the Caribbean country of Dominica. The project is expected to be operational by the end of 2025. Doron Blachar, CEO of Ormat Technologies, stated, "This landmark agreement demonstrates our commitment to pioneering sustainable energy solutions. Not only is Ormat ensuring a cleaner and more resilient future for Dominica, its energy sources, and its economy, but we're also contributing to a positive impact on the quality of life of its residents. Our partnership with DOMLEC and the Government of the Commonwealth of Dominica is a testimony to our shared vision for a greener and more sustainable tomorrow. We extend our sincere gratitude to DOMLEC and the Government of the Commonwealth of Dominica for their collaborative efforts in making this groundbreaking project a reality."
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PHAT | Hot Stocks08:02 EST Phathom Pharmaceuticals announces FDA acceptance for filing VOQUEZNA NDA - Phathom Pharmaceuticals announced the FDA has accepted for review the company's NDA for VOQUEZNA as a daily treatment of heartburn associated with Non-Erosive gastroesophageal reflux disease, GERD, in adults. The FDA has assigned the application a standard 10-month review with a Prescription Drug User Fee Act, PDUFA, target action date of July 19, 2024. "Today marks an important step forward for Phathom Pharmaceuticals as we announce the FDA's acceptance for filing of our New Drug Application for VOQUEZNA as a daily treatment of heartburn for patients with Non-Erosive GERD," said Azmi Nabulsi, M.D., Chief Operating Officer at Phathom. "Non-Erosive GERD represents a substantial segment of the U.S. GERD population, affecting millions of individuals and impacting their quality of life. The supportive data in our regulatory application include the positive Phase 3 results from the investigational PHALCON-NERD-301 trial, along with a safety profile consistent with prior studies. We look forward to working closely with the FDA throughout the review process and if approved, expect to launch VOQUEZNA for this new indication in the third quarter of 2024."
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FAST | Hot Stocks07:56 EST Fastenal reports November sales up 3.8% to $599.96M - Fastenal reported November sales of $599.962M versus $577.826M in the same month of last year. Fastenal reported November daily sales of $28.57M, up 3.8% versus 2022. Reference Link
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NEXCF AMZN | Hot Stocks07:41 EST Nextech3D.AI receives AI tool through technology transfer - Nextech3D.AI (NEXCF) has received a new AI-tool from its largest customer Amazon (AMZN), and is integrating the tool into its 3D model production pipeline. The AI tool will be used for speeding up the Quality Assessment for 3D models. By streamlining and automating the quality checks performed by the Company's team of quality assessors, it will ultimately reduce the time it takes, thereby boosting revenue and profits through enhanced productivity and efficiency.
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NPWR | Hot Stocks07:40 EST NET Power in strategic supply deal with Lummus for heat transfer equipment - NET Power announced that it has signed a Strategic Supply Agreement with Lummus Technology to design and supply recuperative heat exchangers or HXR, for NET Power's near-zero emissions power generation process. The HXR recovers energy from the turboexpander exhaust and air separation unit to reheat recirculated CO2, making it one of the most important equipment components in the NET Power Cycle. As the licensed NET Power HXR supplier, Lummus will provide HXR systems for NET Power's utility-scale power plants. Upon completing the Project Permian Front-End Engineering Design, NET Power intends to issue a purchase order to Lummus for its first utility-scale power plant in Texas. Under the terms of the Strategic Supply Agreement, Lummus intends to leverage its global supply chain network to increase global HXR manufacturing capacity, enabling NET Power deployments at scale to help countries and communities around the world rapidly achieve their energy and environmental goals. "Lummus is proud to partner with NET Power, which has developed a way to efficiently and effectively produce electricity that is clean, reliable and affordable," said Leon de Bruyn, President and Chief Executive Officer, Lummus Technology. "The NET Power Cycle system combines seamlessly with our advanced heat exchanger technology. We look forward to working with NET Power to deliver low carbon power and helping them expand their offering worldwide."
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IXHL | Hot Stocks07:40 EST Incannex to conduct Phase 2/3 trial of IHL-42X in patients with OSA - Incannex Healthcare provides the following update on its proprietary IHL-42X drug candidate. Obstructive sleep apnea is characterised by a narrowing or obstruction of the upper airway during sleep, which interrupts breathing resulting in decreased oxygen uptake and poor sleep quality. Incannex has designed IHL-42X, a combination of dronabinol and acetazolamide, for treatment of OSA. Results from IHL-42X proof-of-concept Phase 2 clinical trial :To demonstrate proof-of-concept for IHL-42X in the treatment of OSA, Incannex conducted a phase 2 clinical trial comparing three dose strengths of IHL-42X, low dose, medium dose and high dose, to placebo with regards to safety and efficacy in OSA patients. The trial was a four-period cross over study whereby every patient received each dose of IHL-42X and placebo for 7 days. The seven-day treatment periods were separated by 7-day washout periods to minimize any lasting effect of the treatment. On night seven of each treatment period, patients completed an overnight sleep study with polysomnography to assess AHI and other sleep parameters. The results of the sleep studies were compared to baseline values, captured prior to the start of treatment. Change in AHI relative to baseline was the primary endpoint for the study. The results of the proof-of-concept study confirmed the hypothesis that the combination of dronabinol and acetazolamide is effective at treating OSA. The average reduction in AHI compared to baseline for all three doses of IHL-42X, low, medium and high, reduced AHI to a substantially greater magnitude than placebo. When the difference in AHI relative to baseline was compared within each patient for the IHL-42X and placebo treatment periods the low dose was again most effective. The difference for all three doses compared to placebo was statistically significant. Further analysis of the within patient changes in AHI relative to baseline revealed that during the low dose treatment period 62.5% of patients had a reduction in AHI of greater than 50% and 25 % of patients experienced a reduction in AHI of greater than 80%. IHL-42X also improved oxygen desaturation index, sleep efficiency, and patient reported sleep quality. The results of the proof-of-concept Phase 2 clinical trial investigating IHL-42X in patients with OSA support the hypothesis that IHL-42X would be a safe and efficacious treatment. This gave Incannex the confidence to proceed with a multisite Phase 2/3 clinical trial further investigating safety and efficacy of IHL-42X in patients with OSA. The RePOSA study, a Phase 2/3 clinical trial investigating the safety and efficacy of IHL-42X in patients with obstructive sleep apnea To further assess the safety and efficacy of IHL-42X in patients with OSA, Incannex is conducting a Phase 2/3 clinical trial that will be conducted at fifty-five sites across the United States, Europe and other countries. The study has been named RePOSA, from Revealing the Efficacy of IHL-42X use in Patients with OSA. Reposa means to rest in Spanish, Portuguese and Italian. For this study, the high dose of IHL-42X from the proof-of-concept study has been dropped due to the psychoactive effects of THC at the 10 mg dose. In the RePOSA study the low dose is 2.5 mg dronabinol + 125 mg acetazolamide and the high dose is 5 mg dronabinol + 250 mg acetazolamide. The drug products being tested in the RePOSA study are representative of the to-be-marketed formulation developed by Incannex. In preparation for the study, Incannex conducted a pre-Investigational New Drug meeting with the US FDA to obtain feedback on the proposed clinical development strategy, safety and rationale for the IHL-42X drug product. This feedback was incorporated into the RePOSA Phase 2/3 study design and corresponding IND application. The IND was cleared by the FDA, and study may proceed notification was received in August 2023. The RePOSA study consists of two component studies. A four-week Phase 2 dose ranging study that will determine the optimal dose of IHL-42X based on safety and efficacy in OSA patients, and a 52-week Phase 3 factorial study that will compare the optimal dose of IHL-42X, as identified in Phase 2, to the component APIs, dronabinol and acetazolamide, at equivalent doses, as well as placebo. The study is designed to facilitate a seamless transition between Phase 2 and Phase 3, reducing downtime and accelerating the development timeline. The endpoints, inclusion/exclusion criteria and study procedures are the same across both component studies, which streamlines the transition process from Phase 2 to Phase 3. The target patient population is individuals aged 18 years or older with OSA who are intolerant, non-compliant or naive to PAP. The study will recruit at least 560 patients, with a total of 355 patients receiving IHL-42X over the course of the study. Start-up for the study is in progress with 22 sites selected in the US, 10 in Germany, and 1 in Finland.
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CYBN | Hot Stocks07:36 EST USPTO grants Cybin 'robust' patent protection for CYB003 program to treat MDD - Cybin announced that the United States Patent and Trademark Office or USPTO has granted U.S. patent 11,834,410 in support of its CYB003 program. The patent, which is expected to provide exclusivity until at least 2041, includes composition of matter claims to pharmaceutical compositions within the Company's proprietary deuterated psilocybin analog program, CYB003, as well as claims directed toward the therapeutic treatment of major depressive disorder or MDD , treatment-resistant depression, and alcohol use disorder. "Securing robust patent protection for our proprietary products is a top priority, and we are pleased to announce this additional U.S. patent supporting our CYB003 program," said Doug Drysdale, Chief Executive Officer of Cybin. "Last week, we shared positive Phase 2 topline safety and efficacy data for CYB003 in MDD. In addition to the rapid, robust and statistically significant reduction in depression symptoms observed three weeks following a single 12 milligram dose of CYB003 compared to placebo, we also saw a sustained improvement at six weeks, as well as impressive response and remission rates of 79% for patients who received two doses. We are extremely pleased with the data and the potential to deliver meaningfully improved treatment options for people with mental health disorders and are eager to progress our CYB003 program through the next regulatory steps."
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DFLI AMRC | Hot Stocks07:35 EST Dragonfly Energy to supply battery systems for select Ameresco projects - Dragonfly Energy Holdings (DFLI) announced that beginning early next year the Company will be a supplier of battery systems for select projects for Ameresco (AMRC). Dragonfly Energy's Battle Born Batteries products will be included as an option in Ameresco's solar application builds across the various industries they serve including industrial, security, surveillance, traffic, telecom, oil & gas, utilities, agriculture, and more.
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IPSC | Hot Stocks07:33 EST Century Therapeutics receives FDA clearance of IND-application for CNTY-101 - Century Therapeutics announced that the Company has been notified by the U.S. Food and Drug Administration that the Company's Phase 1 clinical trial may proceed to assess CNTY-101 in patients with moderate to severe systemic lupus erythematosus who have failed at least two standard immunosuppressive therapies. This represents the first Investigational New Drug application clearance for an autoimmune and inflammatory disease indication for CNTY-101, and is built on the emerging data and experience gained from administering multiple cycles of CNTY-101, with and without lymphodepletion, under the open IND for CNTY-101 in relapsed/refractory B-cell malignancies. "Today marks an important milestone in Century's evolution as a company. We believe the unique profile of CNTY-101, which incorporates multiple precision edits including our Allo-Evasion(TM) technology, positions it as an off-the-shelf allogeneic treatment option that could meaningfully improve outcomes for patients with SLE for whom existing therapies fall short," said Brent Pfeiffenberger, Pharm.D., Chief Executive Officer of Century Therapeutics. "The expansion of the CNTY-101 program into SLE represents a significant achievement for the Company, and, importantly, serves as a testament to the unwavering dedication of our team as we continue to execute on our mission to advance differentiated and potentially curative cell therapies to patients with cancer and autoimmune and inflammatory diseases."
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DHR ABCM | Hot Stocks07:31 EST Danaher completes acquisition of Abcam - Danaher (DHR) announced it has completed its acquisition of Abcam (ABCM). As a result, Abcam has become an indirect wholly owned subsidiary of Danaher. Trading of Abcam ADSs on Nasdaq has been suspended.
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SNV | Hot Stocks07:26 EST Synovus sees FY24 revenue down 3% to up 1% vs. 2023 - FY24 revenue growth guidance implies $2.20B-$2.29B, consensus $2.19B. Expects "stable overall fee income" in FY24. Sees Fy24 adjusted non-interest expense flat in 2024. Sees FY24 net interest margin expansion of about 20bps. Sees non-interest expense down 5% to up 1% in FY24.
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SNWGF | Hot Stocks07:24 EST Snowline Gold announces results from exploration holes on Rogue Project - SNOWLINE GOLD announced analytical results from additional exploration holes drilled on its Rogue Project in Canada's Yukon Territory. Hole V-23-061 returned 2.46 g/t Au over 519.6 m from surface, including 3.60 g/t Au over 265.6 m downhole, demonstrating a strong consistency of near-surface, multiple-gram-per-tonne-gold mineralization. Holes V-23-059 and V-23-060 were drilled within the southeast extension of the system and add dimensionality and consistency to known mineralization in that direction. Assays for more than 5,475 m of diamond drilling from Snowline's 2023 exploration efforts remain pending. "The Valley discovery on our 100%-owned, district-scale Rogue Project continues to demonstrate strong, continuous gold mineralization across a large area from surface," said Scott Berdahl, CEO & Director of Snowline. "Hole V-23-061 returned the strongest gold interval we've seen near surface in any hole to date, highlighting the favorable characteristics of the Valley system for efficient mining-namely strong, consistent mineralization with the highest grades beginning at or near surface in a topographically advantageous position. With December upon us, we have much to look forward to in terms of additional drill results, surface exploration results, advanced metallurgical testing and of course an aggressive exploration season ahead in 2024 on Valley and other targets across our greater than330,000 ha land position."
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ZVSA | Hot Stocks07:21 EST ZyVersa Therapeutics announces publication on AIM2, NLRP3 inflammasomes - ZyVersa Therapeutics announces publication of an article in the peer-reviewed journal, Diabetes, demonstrating that AIM2 and NLRP3 inflammasome activation contributes to development of atherosclerosis in two different animal models of type 1 diabetes. In the paper titled, "Hematopoietic NLRP3 and AIM2 inflammasomes promote diabetes-accelerated atherosclerosis, but increased necrosis is independent of pyroptosis," the authors studied mouse models of type 1 diabetes and atherosclerosis. Following are key findings reported in the paper: Diabetic animals demonstrated activation of inflammasome pathways, based on increased levels of plasma IL-1beta and IL-18, and elevated levels of cleaved caspase- 1 in the peritoneal cavity fluid. Each of the two different type 1 diabetes models exhibited similar levels of plasma IL- 1beta and IL-18 and similar aortic lesion sizes and severity. Diabetic mice deficient in NLRP3 and/or AIM2 had reduced aortic lesion size compared to diabetic controls, indicating that NLRP3 and AIM2 inflammasome activation contributes to atherosclerotic lesion development. Results are consistent with other animal model studies showing deficiencies in essential inflammasome components, such as NLRP3, AIM2, ASC, and caspase-1, appear to protect against atherosclerosis.
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MBXBF | Hot Stocks07:20 EST Microbix Biosystems announces initiation of normal course issuer bid - Microbix Biosystems announces the initiation of a Normal Course Issuer Bid program for the repurchase and cancellation of outstanding common shares. Specifically, the NCIB enables Microbix to repurchase up to 6,827,518 Common Shares, that number being approximately five percent of the 136,550,374 Shares outstanding as at December 1, 2023. Repurchases will be made through the facilities of the Toronto Stock Exchange over a 12-month period starting on December 8, 2023. The actual number of Shares which may be repurchased pursuant to the NCIB will be determined by management under applicable rules and policies. The NCIB has been approved by Microbix's Board of Directors and will be conducted in accordance with the applicable rules and policies of the TSX and Canadian securities laws, including TSX approval of Microbix's notice of intention to conduct a NCIB. Under the NCIB, Shares may be repurchased in open market transactions on the TSX, or by such other means as may be permitted by the TSX and applicable Canadian securities laws. Microbix will pay the prevailing market price at the time of its Share repurchases.
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LFSWF | Hot Stocks07:17 EST Lifeist Wellness announces research on active ingredient in Serenity - Lifeist Wellness reports that European clinical research demonstrated that the active ingredient in Serenity, the newest product from its U.S. biosciences subsidiary Mikra Cellular Sciences, is equally effective as a prescription-only benzodiazepine in treating the symptoms of anxiety. In a multi-center, double-blind, randomized controlled trial1, European researchers determined that the active ingredient in Serenity, steam extract of lavender oil, was as effective as lorazepam in treating generalized anxiety disorder: "In conclusion, our results demonstrate that [lavender oil] is as effective as lorazepam in adults with GAD... Since lavender oil showed no sedative effects in our study and has no potential for drug abuse, it appears to be an effective and well tolerated alternative to benzodiazepines for amelioration of generalised anxiety." This research was particularly noteworthy because benzodiazepines, while widely prescribed for anxiety, carry substantial risk of dependency and of seizures in case of withdrawal. "We are not surprised by the growing body of research revealing the detrimental effects of anxiety on physical as well as mental and emotional health," said Meni Morim, CEO of Lifeist. "It was this understanding that drove us to accelerate the launch of Serenity. We appreciate the ongoing research shedding light on this affliction that affects far too many people, and on the benefits that the natural ingredient in Serenity brings to the table in addressing it."
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BFRG | Hot Stocks07:16 EST Bullfrog AI launches preclinical study on BF-114 in obesity - BullFrog AI Holdings announced the launch of a preclinical study to evaluate the efficacy of its drug candidate BF-114 in obesity. The study, which will be conducted in collaboration with Randy Seeley, Ph.D., the Henry King Ransom Endowed Professor of Surgery at Michigan Medicine, the academic medical center of University of Michigan, and Director of the Michigan Nutrition Obesity Research Center, is designed to evaluate the ability of BF-114 to modulate obesity in an established animal model and to elucidate the mechanism of action. The study is expected to be completed in the second quarter of 2024 and will complement internal activities that leverage the Company's AI platform to identify and address new pathways for targeting obesity and metabolic diseases. BF-114 is a siRNA molecule that targets Beta-II Spectrin and has shown promising results in animal models for obesity, non-alcoholic fatty liver disease, and non-alcoholic steatohepatitis, all of which are areas of significant unmet medical need. Obesity affects over 40% of the US population and is associated with increased risk of heart disease and diabetes. Medical care costs for obesity-related health problems were estimated to be in excess of $170 billion in 2019.
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DTEA | Hot Stocks07:16 EST DavidsTea appoints Sloane as Chief Digital Officer - DAVIDsTEA announced the appointment of Damon Sloane as Chief Digital Officer to drive online sales and enhance overall customer experience. Sloane previously served as Vice-President of e-Commerce and Customer Experience at DAVIDsTEA and oversaw a period of significant online sales growth at the Company.
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AKTS | Hot Stocks07:15 EST Akoustis receives order from SATCOM for use of XBAW services - Akoustis Technologies announced that a leading commercial SATCOM company placed a new development order. Along with three existing customers, all utilize the Company's Process Design Kits and XBAW foundry process to address applications in Satellite Communications, Wi-Fi, Mobile, and Defense. Jeff Shealy, founder and CEO of Akoustis, stated, "With the release of our new XBAW synthesizer software and integration of the PDK download, we are empowering all levels of engineering to design BAW RF filters expanding above 10 GHz." Shealy continued, "As we continue to receive new orders for our foundry services, the XBAW PDK is a revolutionary development offering a comprehensive toolkit, which accelerates the design process and equips us to meet and exceed the demands of our existing customer base, keeping us at the forefront of RF advancements."
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RYTM | Hot Stocks07:14 EST Rhythm announces data from open-label part of Phase 2 DAYBREAK trial - Rhythm also announced data from the open-label part of its exploratory Phase 2 DAYBREAK trial that demonstrate potential efficacy in patients in multiple genetically-defined cohorts. The Company presented data from the full analysis set for DAYBREAK, which includes 164 patients. A total of 112 patients completed the 16-week Stage 1 of the Phase 2 trial, with 52 patients who discontinued. The primary endpoint of the trial is the proportion of patients by genotype who achieve a BMI reduction of greater than or equal to5% from baseline in response to setmelanotide at the end of Stage 1. The rates of response from Stage 1 of the trial were: 30% of patients with variants in the SEMA3 gene cohort; 35.6% of patients with variants in the PLXNs gene cohort; 56.3% of patients with variants in the PHIP gene cohort; 40% of patients with variants in the TBX3 gene cohort; 30% of patients with variants in the MAGEL2 gene cohort; and 25% of patients with variants in the SIM1 gene cohort. For those who completed Stage 1, the rates of response of patients who achieved a BMI reduction of greater than 5% from a post-hoc analysis were: 44.4% of patients with variants in the PLXNs gene cohort; 61.5% of patients with variants in the SEMA3 gene cohort than 5%; and 69.2% of patients with variants in the PHIP gene cohort. A total of 49 patients who completed Stage 1 with a response to setmelanotide were randomized into Stage 2 of the trial. Stage 2 is a 24-week, double-blind, placebo-controlled withdrawal study. These patients were stratified into genetically defined cohorts and randomized 2:1 to receive setmelanotide or placebo. Rhythm anticipates announcing DAYBREAK Stage 2 data in the second half of 2024.
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GXO | Hot Stocks07:13 EST GXO Logistics conducting pilot of human-centric robot - GXO Logistics announced that it is conducting a proof-of-concept pilot for Agility Robotics' human-centric robot "Digit." The robot is being tested on logistics tasks at SPANX's facility in Flowery Branch, Ga., where GXO manages warehouse operations for the global womenswear brand's direct-to-consumer and in-store orders. "We're excited to take this pioneering step with Agility in the evolution of technology in warehouse operations," said Adrian Stoch, Chief Automation Officer, GXO. "As the industry leader in innovation, GXO works with global tech companies to develop and deploy technologies that will help our customers enhance safety, efficiency, productivity and employee engagement in their supply chain operations."
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SYRS | Hot Stocks07:12 EST Syros announces initial data from randomized SELECT-AML combination trial - Syros Pharmaceuticals announced strong and encouraging initial data from its ongoing SELECT-AML-1 Phase 2 trial evaluating tamibarotene, an oral, selective, retinoic acid receptor alpha RARalpha agonist, in combination with venetoclax and azacitidine in newly diagnosed, unfit patients with acute myeloid leukemia AML and RARA gene overexpression. "I am highly encouraged by the initial data from the randomized portion of SELECT-AML-1," said Thomas Cluzeau, MD, PhD, Head of Hematology at Nice University Hospital, Cote d'Azur University in France. "Despite the recent advances in treatment for unfit AML patients, there remains a substantial need for options that offer higher response rates and improved overall survival, particularly for the one-third of patients who do not respond to existing standard-of-care. I believe tamibarotene may offer a significant therapeutic advance for the treatment of AML and I am eager to continue enrolling patients in the ongoing SELECT-AML-1 trial." "These data highlight the potential of tamibarotene to be a cornerstone therapy for newly diagnosed, unfit AML patients with RARA overexpression, further demonstrating its differentiated product profile and validating our biologically targeted approach," said David A. Roth, M.D., Chief Medical Officer of Syros.
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RYTM | Hot Stocks07:12 EST Rhythm says RM-718 demonstrated potential to reduce body weight, hyperphagia - Rhythm presented data from several pre-clinical studies showing that RM-718, a new, weekly, MC4R-specific agonist, demonstrated the potential to reduce body weight and hunger with a favorable safety profile. RM-718 is designed to be more highly targeted and MC1R sparing with the potential to not cause hyperpigmentation. The Company also showed data from pre-clinical studies demonstrating that RM-718 had no off-target cardiovascular effects in non-human primate studies. Rhythm also announced that it completed submission of a new investigational drug application for RM-718 to the FDA. The Company anticipates beginning Phase 1 in-human trials in the first half of 2024, including a multiple-ascending dose study in patients with hypothalamic obesity.
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AXGN | Hot Stocks07:12 EST AxoGen appoints Naor as Chief Financial Officer - Axogen announced the appointment of Nir Naor as Chief Financial Officer, effective immediately. A senior finance executive with more than 20 years of experience primarily in the life sciences industry, he replaces Peter Mariani, who will depart Axogen following a brief transition period. The move aligns the executive team with the Company's financial management and investor relations needs going forward as Axogen focuses on continued revenue growth across both business categories while driving toward being cash flow positive and profitable. Naor has served as the CFO of Arbor Pharmaceuticals and supported its strategic pivot.
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UPBD | Hot Stocks07:12 EST Upbound Group increases quarterly cash dividend 9% to 37c per share - Upbound Group announced that its board of directors has approved an increase of approximately 9% in the quarterly cash dividend to 37c for the first quarter of 2024. The dividend will be paid on January 9, 2024 to the company's common stockholders of record as of the close of business on December 19, 2023.
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RYTM | Hot Stocks07:11 EST Rhythm says setmelanotide demonstrated clinically meaningful reductions in BMI - Rhythm Pharmaceuticals hosted an R&D event for investors and analysts, "Rhythm Update on MC4R Pathway Programs." During the event, the Company announced new topline data from its ongoing Phase 3, open-label pediatrics trial evaluating one year of setmelanotide therapy in patients between the ages of 2 and younger than 6 years with Bardet-Biedl syndrome or proopiomelanocortin or leptin receptor deficiency obesity and new preliminary data from the first stage of its exploratory Phase 2 DAYBREAK trial. Rhythm also presented pre-clinical data on its new drug candidate, RM-718, which is designed to be a more selective MC4R agonist with weekly administration, and its plans for Phase 1 clinical development. The Company hosted Amy Wood, Executive Director and Co-Founder of the Raymond A. Wood Foundation, and Jennifer Miller, MD, Professor of Pediatric Endocrinology, University of Florida, who shared insights on hypothalamic obesity and the severe impact of the disease on patient quality of life. Rhythm continues to advance the development of setmelanotide in patients with hypothalamic obesity and remains on track to complete Phase 3 study enrollment by the end of 2023. Setmelanotide demonstrated clinically meaningful reductions in BMI and BMI-Z score in patients aged 2 to less than6. Rhythm presented new data from its 52-week, Phase 3 pediatrics trial in patients between 2 and younger than 6 years old. The hyperphagia and severe obesity of rare genetically-caused MC4R pathway diseases can present early in life, and these data show potential efficacy in patients younger than 6. This trial is a multi-center, one-year, open-label trial in pediatric patients with obesity due to biallelic POMC, PCSK1 or LEPR deficiency or a clinical diagnosis of BBS with genetic confirmation. The primary efficacy endpoint is a responder analysis, based on the proportion of patients who experience a decrease from baseline in BMI-Z score of greater than or equal to0.2. Highlights from the data include: 83.3% of all patients achieved greater than or equal to 0.2 reduction in BMI-Z score from baseline to week 52; 18.4 percent mean reduction from baseline in BMI at week 52; 3.04 mean reduction from baseline in BMI-Z score at week 52; 11 patients completed the trial, and all remain on therapy, as of Dec. 5, 2023; one patient discontinued and was lost to follow-up; and The safety profile is consistent with past trials evaluating setmelanotide. Rhythm also announced it has submitted a Type II variation application to the European Medicines Agency seeking regulatory approval and authorization for setmelanotide to treat obesity and control of hunger in pediatric patients between 2 and younger than 6 years old with BBS or POMC, PCSK1 or LEPR deficiency in the European Union. The Company anticipates submitting a supplementary New Drug Application to the U.S. Food and Drug Administration in the first half of 2024 seeking a similar label expansion.
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TLRY | Hot Stocks07:10 EST Tilray's Montauk Brewing expands across southeast, launches in Florida - Montauk Brewing, a subsidiary of Tilray Brands, announced expansion of its distribution into Florida. Montauk will bring two of its most popular styles, Wave Chaser India Pale Ale and Surf Beer Golden Ale, to the Sunshine State's burgeoning beer market. "We are incredibly excited to bring Montauk Brewing to Florida's vibrant beer scene. The Sunshine State is a great opportunity for Montauk, with new drinkers that we're eager to introduce to our coastal-inspired brews and a strong contingent of New Yorkers who are already fans," said Terry Hopper, VP Sales of U.S. Beer at Tilray.
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KMDA | Hot Stocks07:09 EST Kamada announces MoU with Kedrion over KEDRAB U.S. distribution - Kamada announced the execution of a binding memorandum of understanding, MoU, with Kedrion for the amendment and extension of the KEDRAB U.S. distribution agreement between the parties. Within the first four years of the eight-year term, which begins in January 2024, Kedrion will purchase minimum quantities of KEDRAB with revenues to Kamada of approximately $180 million. "We are thrilled to secure this strategic agreement with Kedrion as it represents our largest commercial agreement since Kamada's inception," said Amir London, CEO of Kamada. "Based on Kedrion's extensive market coverage and on-going success in marketing KEDRAB in the U.S., as well as the significant market share growth achieved to date, we are confident that the continuation of this partnership maximizes the future growth and value potential of this important product. Moreover, this agreement most effectively maximizes our U.S. business by allowing us to focus our own internal sales efforts on the commercialization of our other specialized FDA-approved IgG products, primarily in transplant centers, while Kedrion continues to promote KEDRAB in numerous hospitals and medical centers across the U.S."
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OMI | Hot Stocks07:09 EST Owens & Minor provides 2028 targets ahead of investor day - Owens & Minor will outline its strategy for delivering and expanding its profitability at its 2023 Investor Day event in Boston. The Company's 2028 financial targets include: revenue exceeding $12B; adjusted EBITDA exceeding $750M; adjusted EPS to exceed $3.50 with a CAGR of more than 20% and cumulative free cash flow between 2024-2028 of more than $1.3B.
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MOD | Hot Stocks07:05 EST Modine Manufacturing launches air disinfection system for K-12 school market - Modine is now offering the VidaShield UV24 Active Air Disinfection System product line to the K-12 school market to equip schools with the tools to combat airborne pathogens. VidaShield UV24 is a continuous air disinfection system that combines an ultraviolet germicidal irradiation chamber and air circulating fans with an optional overhead ceiling light. VidaShield UV24 aims to eliminate various pathogens, including SARS-CoV-2, coronaviruses, and viruses or bacteria that cause the common cold, Influenza A, measles, mumps, Tuberculosis, pneumonia, MRSA and C Diff.
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VYGR | Hot Stocks07:04 EST Voyager Therapeutics selects development candidate for SOD1 program - Voyager Therapeutics announced that it has selected a lead development candidate for its superoxide dismutase 1-mutated amyotrophic lateral sclerosis gene therapy program. The Company anticipates filing an investigational new drug, IND, application with the Food and Drug Administration for the candidate in mid-2025. Voyager's SOD1-ALS lead candidate combines a highly potent siRNA construct to decrease the expression of SOD1 with an IV-delivered, blood-brain barrier-penetrant TRACER capsid. In a non-human primate study, the candidate demonstrated 73% reduction of SOD1 in cervical spinal cord motor neurons following a single intravenous dose in cynomolgus macaques. The candidate demonstrated robust knockdown of SOD1 across all levels of the spinal cord and motor cortex. Further, the candidate demonstrated an ability to transduce both neurons and astrocytes, two cell types thought to play an important role in ALS. Voyager expects to present additional data on the candidate at an upcoming scientific conference. In data previously shared at the 2022 American Society of Gene and Cell Therapy annual meeting, another Voyager SOD1-ALS preclinical candidate increased survival by a median of 152 days in a G93A mouse model, with survival in some animals exceeding 430 days. "Our SOD1-ALS program is one of several TRACER-powered gene therapy programs we expect to see advance to IND in 2025," said Alfred W. Sandrock, Jr., M.D., Ph.D., Chief Executive Officer of Voyager. "We believe our development candidate could represent a significant advancement in the treatment of SOD1-mutated ALS by offering the potential for durable SOD1 knockdown with a single IV administration. SOD1 is a validated target, and we plan to utilize established cerebrospinal fluid and plasma biomarkers in early clinical studies to efficiently achieve potential proof of concept."
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OPTN | Hot Stocks07:04 EST Optinose announces 3-month extension of FDA review period for sNDA for XCHANCE - Optinose announced that the U.S. Food and Drug Administration, FDA, has extended by three months the review period of its supplemental new drug application, sNDA, requesting approval of XHANCE as a treatment for chronic rhinosinusitis. The updated Prescription Drug User Fee Act, PDUFA, goal date is March 16, 2024. "Chronic sinusitis is one of the top diagnoses made in adult outpatient visits, with approximately 10 million physician office visits coded annually, yet there is a high level of morbidity and no FDA approved drug treatments for the majority of chronic sinusitis patients, those who do not have nasal polyps," stated Ramy Mahmoud, MD, MPH, CEO of Optinose. "We believe the ReOpen trials demonstrated important clinical benefits XHANCE could offer chronic sinusitis patients and, if approved, we look forward to providing doctors and their patients the first-ever medication to treat all chronic sinusitis patients, including those with or without nasal polyps."
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CSIQ | Hot Stocks07:02 EST Canadian Solar's e-STORAGE to deliver 226 MWh DC storage to ENGIE in UK - Canadian Solar announced its majority-owned e-STORAGE will deliver 226 MWh DC of turnkey energy storage solutions to ENGIE in the UK (Scotland). e-STORAGE will construct the two energy storage projects, each with a capacity of 56.5 MW / 113 MWh DC in Cathkin and Broxburn, Scotland, UK. Both sites will be connected to the 33 kV network and are scheduled to reach grid connection in early 2025. e-STORAGE has signed an Engineering, Procurement, and Construction agreement with ENGIE for the construction of both sites. The two BESS projects will employ SolBank, a proprietary containerized energy storage solution using robust and high-cycle capacity lithium-iron-phosphate cells, active balancing battery management system and efficient thermal management system. e-STORAGE's SolBank provides customers with superior performance at the highest levels of safety. The Cathkin and Broxburn energy storage projects will support more than 40,000 homes and play a significant role in facilitating the UK's transition to net zero emissions by 2050.
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PWR | Hot Stocks07:01 EST Quanta Services increases quarterly cash dividend 12.5% to 9c per share - Quanta Services announced that its board of directors has declared a quarterly cash dividend to stockholders of 9c per share, or a rate of 36c per share on an annualized basis, which represents an approximately 12.5% increase from Quanta's last quarterly cash dividend paid in October. The dividend is payable on January 12, 2024, to stockholders of record as of January 2, 2024.
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KFY | Hot Stocks06:54 EST Korn Ferry increases quarterly dividend 83% to 33c per share - Korn Ferry increased its regular quarterly cash dividend by 83% to 33c per share, payable on January 12, 2024 to stockholders of record on December 21, 2023.
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PHVS | Hot Stocks06:52 EST Pharvaris announces 'positive' data from CHAPTER-1 study of deucrictibant - Pharvaris announced positive top-line data from the CHAPTER-1 Phase 2 clinical study meeting its primary endpoint, with deucrictibant demonstrating statistically significant and clinically meaningful results of deucrictibant as an oral preventative treatment for people living with HAE. Pharvaris plans to present data from the study at future medical meetings. Primary endpoint met; 40 mg/day orally administered deucrictibant significantly reduced mean monthly attack rate by 84.5% compared to placebo. 92.3% reduction in occurrence of moderate and severe attacks 92.6% fewer attacks treated with on-demand medication by participants. Deucrictibant well-tolerated.
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CTRN | Hot Stocks06:47 EST Citi Trends adopts limited duration stockholder rights plan - Citi Trends announced that its Board of Directors has unanimously adopted a limited duration stockholder rights plan. The Rights Plan is intended to enable all stockholders to realize the full value of their investment in Citi Trends and will reduce the likelihood that any entity, person or group gains control of the company through open-market accumulation without paying all stockholders an appropriate control premium. The Rights Plan is also intended to provide the Board sufficient time to make informed judgments and take actions that are in the best interests of Citi Trends and all of its stockholders. The Board adopted the Rights Plan in response to one of its stockholders quickly accumulating a significant number of shares in the open market. The Rights Plan has not been adopted in response to any specific takeover bid or other proposal to acquire control of the company and is not intended to deter offers that are fair and otherwise in the best interests of the company and its stockholders. The Rights Plan is similar to stockholder rights plans adopted by other publicly held companies. Under the Rights Plan, the Rights generally would become exercisable only if any person (or group) acquires 16% (or 20% for certain passive investors) or more of Citi Trends' outstanding common stock, except that any person or group who currently owns the triggering percentage or more may continue to own such shares of common stock. However, any owner of the relevant triggering percentage or more may not, subject to the terms of the Rights Plan, acquire any additional shares without triggering the Rights Plan. The Rights Plan does not aggregate the ownership of stockholders "acting in concert" unless they have formed a group, or the shares would otherwise be aggregated, under applicable securities laws. The Rights Plan expires on December 4, 2024, unless earlier redeemed, exchanged or amended. The Board intends to submit the Rights Plan to stockholders for ratification at the company's upcoming Annual Meeting of Stockholders and to terminate the Rights Plan if the proposal to ratify the Rights Plan is not approved at that meeting.
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EQBK | Hot Stocks06:36 EST Equity Bancshares acquiring Bank of Kirksville in Missouri - Equity Bancshares is entering into a definitive merger agreement with Rockhold Bancorp, the parent company of the Bank of Kirksville in Kirksville, Missouri. Bank of Kirksville will merge into Equity Bank, adding eight locations to Equity Bank's current network. Equity will pay approximately $44.3M in cash to acquire Rockhold and Bank of Kirksville. Following completion of the merger in 1Q24, Bank of Kirksville will merge with and into Equity Bank. The closing of the transaction is subject to customary closing conditions, including regulatory approval. Rockhold's sole shareholder has approved the transaction. Equity expects the merger to be 36c, or 12% accretive, to diluted EPS in 2024, and 45c, or 14.3% accretive, to EPS in 2025 and expects the tangible book value earn back to be approximately 1.3 years. Established in 1914, Bank of Kirksville currently operates eight locations in North Central Missouri. Bank of Kirksville had $406M in consolidated total assets, $344M in total deposits, including $311M in core deposits, and $122M in loans as of September 30, 2023. Equity reported $4.9M in consolidated total assets, deposits of $4.1B and gross loans of $3.3B as of September 30, 2023. Following the closing of the transaction, Norman Belitz, CEO of Bank of Kirksville, will join Equity Bank as Regional Market President.
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BILL | Hot Stocks06:35 EST Bill to reduce global workforce by 15%, close Sydney, Australia office - In a regulatory filing on Tuesday, BILL Holdings announced that it will reduce its global workforce by approximately 15%, close its office in Sydney, Australia, allocate resources to its key business priorities in service of small and midsize businesses and focus on improving the profitability of its core business. The company estimates that it will incur charges of approximately $29M-$35M in connection with the Restructuring, primarily consisting of cash expenditures for severance payments, employee benefits and related costs, in addition to non-cash charges for stock-based compensation expense. The company expects that the majority of these charges will be incurred in the three months ending December 31, 2023, and substantially all of these charges will have been incurred by June 30, 2024.
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XOM | Hot Stocks06:34 EST Exxon Mobil: Plan more than doubles earnings potential from 2019-2027 - ExxonMobil gave an update to its Corporate Plan through 2027, reflecting continued execution of its strategy to provide the products society needs and to lower emissions, both its own and others'. Since 2019, solid execution of ExxonMobil's strategy has increased the earnings power of the corporation, adding about $10 billion to its annual earnings and cash flow at a real Brent price of $60 per barrel. These improvements provide a strong foundation to further grow annual earnings and cash flow by $14 billion from year-end 2023 through 2027, as the company continues to reduce structural costs and improve the mix of its business by growing production from low-cost-of-supply, advantaged assets and increasing sales of high-value performance chemicals, lower-emission fuels, and performance lubricants. The company also announced it intends to deliver $6 billion in additional structural cost reductions by year-end 2027, bringing the total structural cost savings to approximately $15 billion versus 2019. Upstream earnings potential is on track to more than double by 2027 versus 2019, resulting from investments in high-return, low-cost-of-supply projects. The company expects oil and gas production in 2024 to be about 3.8 million oil-equivalent barrels per day, rising to about 4.2 million oil-equivalent barrels per day by 2027, driven by growth in the Permian and Guyana. Product Solutions is leveraging scale and technology advantages to nearly triple earnings potential by 2027 vs. 2019. The company now anticipates total annual capital expenditures and exploration expense of $23 billion to $25 billion in 2024 and $22 billion to $27 billion annually from 2025 through 2027, generating an average return of approximately 30%. The company remains on track to complete $17.5 billion in share repurchases in 2023 as part of the $35 billion repurchase program previously announced for 2023 and 2024. After the Pioneer merger closes, the go-forward pace of the program in 2024 will be increased to $20 billion annually through 2025, assuming reasonable market conditions. ExxonMobil is pursuing more than $20 billion of lower-emissions opportunities through 2027, which represents the third increase in the last three years, from an initial $3 billion in projects identified in early 2021. The company is pursuing a portfolio of opportunities in lithium, hydrogen, biofuels, and carbon capture and storage that in aggregate is expected to generate returns of approximately 15% and could reduce third-party emissions by more than 50 Mta by 2030.
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WAT | Hot Stocks06:34 EST Waters inaugurates new Global Capability Center in India - Waters inaugurated its new Global Capability Center, or GCC, an investment to accelerate technology adoption, innovation, digital transformation, and business efficiencies through a concentrated hub of talent that will operate across the Waters global enterprise. The Waters India GCC is in a newly built facility in Bengaluru's RMZ Ecoworld technology park, a WELL and LEED Platinum-certified campus. The new $16M workspace will employ 300+ for roles that were formerly outsourced to various outside service providers and will transform into an India-based global hub designed to in-source talent, accelerate technology adoption, and drive technological innovation.
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SU | Hot Stocks06:33 EST Suncor sees 2024 Upstream production about 7% higher than 2023 - Suncor Energy last night released its 2024 corporate guidance, which includes annual upstream production of 770,000 - 810,000 barrels per day, approximately 7% higher than 2023, and refining utilization of 92% to 96%. Suncor's production increase reflects continued strong existing asset performance, 100% ownership of Fort Hills, changes to the makeup of its Exploration & Production portfolio, including the earlier sale of its U.K. North Sea assets, and a full year of production from Terra Nova. "Suncor's 2024 guidance reflects our priority to deliver improved shareholder returns through focused cost reductions, increased upstream production and a disciplined capital investment program, all targeted at improving the company's free funds flow per share," said Rich Kruger, President and Chief Executive Officer. "We have a winning formula to create value through our unparalleled, integrated upstream and downstream asset base, and an intense focus to deliver value to our shareholders." Reference Link
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NGL | Hot Stocks06:32 EST NGL Energy Partners announces open season for Grand Mesa Pipeline - NGL Energy Partners announced that a binding open season will start December 6 2023 at 8:00 am Central Daylight Time for its wholly owned affiliate Grand Mesa Pipeline's crude oil pipeline. This open season will close on January 5, 2024 at 5:00 pm Central Daylight Time. Grand Mesa provides takeaway capacity for crude oil producers in the Denver-Julesburg Basin. It originates in Weld County, Colorado and extends approximately 550 miles southeast to NGL Crude Cushing, LLC's storage terminal at Cushing, Oklahoma. NGL held open seasons in 2016 and in 2021 seeking commitments from shippers interested in shipping on Grand Mesa's pipeline system. NGL is holding the current open season to contract available capacity on the Grand Mesa pipeline at a discounted rate. The total capacity being offered in this open season is 40,000 barrels per day for delivery into the Cushing hub.
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XOM | Hot Stocks06:32 EST Exxon Mobil sees capital investments generating average returns of 30%
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XOM | Hot Stocks06:31 EST Exxon Mobil pursuing more than $20B in lower emissions opportunities, up $3B
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XOM | Hot Stocks06:31 EST Exxon Mobil generated $9B in structural cost savings, $6B more expected by 2027
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XOM | Hot Stocks06:30 EST Exxon Mobil increasing pace of share repurchases to $20B per year through 2025
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LXEH | Hot Stocks06:10 EST Lixiang Education receives extension from Nasdaq to regain compliance - Lixiang Education announced that on November 30, it received a letter from the Nasdaq Hearings Panel, indicating the Panel's decision to grant an exception period until January 31, 2024, for the company to effect the reverse stock split and thereafter regain compliance with Nasdaq listing rule 5450, subject to the terms that on or before November 30, the company shall obtain its board of directors' approval for a reverse stock split at a ratio that is sufficient to regain and maintain long term compliance with the bid price rule, and the company shall provide an update to the panel on the reverse stock split approval on December 1; on or before January 5, 2024, the company shall effect a reverse stock split and, thereafter, maintain a $1 closing bid price for a minimum of ten consecutive business days; and on or before January 31, 2024, the company shall have demonstrated compliance with the bid price rule, by evidencing a closing bid price of $1 or more per share for a minimum of ten consecutive trading sessions.
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EU | Hot Stocks06:06 EST EnCore Energy enters master transaction agreement with Boss Energy - EnCore Energy announced that it has entered into a master transaction agreement with Boss Energy, which, upon completion, will result in the sale of a 30% ownership interest in EnCore's Alta Mesa project to Boss Energy for $60M, an investment of $10M into enCore common shares by Boss Energy, a loan of up to 200,000 pounds U3O8 for enCore's commercial use over the next year, and the formation of a strategic collaboration on the use and joint development of enCore's proprietary Prompt Fission Neutron, or PFN, technology for uranium exploration and production. The transaction, expected to be completed in February 2024, provides EnCore with the financial capacity to significantly accelerate its uranium production pipeline across South Texas through the development of multiple satellite operations. In addition, the transaction paves the way for expansion, consolidation and development of enCore's Dewey Terrace and Dewey-Burdock projects straddling the Wyoming-South Dakota border and enables the Company to quicken development of its Gas Hills project in Wyoming.
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RCFA | Hot Stocks06:06 EST Blue Gold Holdings to go public via combination with Perception Capital Corp IV - Blue Gold Holdings and Perception Capital Corp. IV, the expected new name for a special purpose acquisition company currently known as RCF Acquisition Corp., announced they have entered into a definitive business combination agreement for a business combination. Perception currently has over $52M cash in trust after a shareholder vote on December 5, 2023 to approve an extension of its term to November 5, 2024. Under the terms of the business combination agreement, a newly-formed entity will undertake a share exchange with Blue Gold and the holders of the outstanding Blue Gold shares will receive equity in PubCo valued at $114.5M, subject to adjustments. The boards of directors of both Blue Gold and Perception have unanimously approved the proposed Transaction, which is subject to customary closing conditions, including receipt of all regulatory approvals, as well as the approval of the proposed Transaction by Perception's and Blue Gold's shareholders. The closing of the Transaction is anticipated to occur in the second quarter of 2024 and Blue Gold is anticipated to list on The New York Stock Exchange.
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AMZN | Hot Stocks06:05 EST Twitch to shut down streaming platform in South Korea - Video streaming service Twitch will shut down its services in South Korea on February 27, 2024, CEO Dan Clancy said in a blog post. Clancy said that "ultimately, the cost to operate Twitch in Korea is prohibitively expensive and we have spent significant effort working to reduce these costs so that we could find a way for the Twitch business to remain in Korea. First, we experimented with a peer-to-peer model for source quality. Then, we adjusted source quality to a maximum of 720p. While we have lowered costs from these efforts, our network fees in Korea are still 10 times more expensive than in most other countries. Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in that country." Twitch is owned by Amazon. Reference Link
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RCM | Hot Stocks06:04 EST R1 RCM to acquire Acclara - R1 RCM has entered into a definitive agreement to acquire Acclara, a technology-driven revenue cycle management company, from Providence, one of the nation's largest health systems; and the company has been selected by Providence as its long-term revenue cycle management partner. Providence serves the western U.S., with 51 hospitals, more than 1,000 physician clinics, senior services, supportive housing, and many other health and educational services. As part of the partnership, R1 has entered into a definitive agreement to acquire the Acclara business for $675M in cash and warrants to purchase 12.2 million shares of R1 stock. At the closing of the acquisition, Acclara and Providence will enter into a 10-year agreement for comprehensive revenue cycle services. The proposed 10-year agreement between Acclara and Providence combined with Acclara's complementary capabilities are expected to expand R1's scope of operations and drive revenue and Adjusted EBITDA growth. The combination is expected to contribute more than $625M in revenue and approximately $185M to Adjusted EBITDA by year five of the partnership, not including potential revenue synergies. As a result of the acquisition, R1 estimates that it could realize approximately $30M in run-rate cost synergies by the third year following the closing and run-rate cost synergies of approximately $50M by year five. The transaction, which is expected to be completed in early 2024, is subject to customary closing conditions, as well as the entry of Providence and Acclara into the 10-year revenue cycle management agreement. R1 expects to finance the transaction with a new Term Loan B issued prior to close as well as its existing revolver.
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YUM | Hot Stocks06:01 EST Yum! Brands' KFC to acquire over 200 KFC restaurants from EG Group - Yum! Brands' KFC Division announced that it has entered into a definitive agreement to acquire over 200 KFC restaurants from EG Group, the company's largest KFC franchisee in the UK and Ireland. The transaction represents a significant opportunity to accelerate KFC's growth strategy in the large and growing UK and Ireland chicken market, with high average unit volumes and robust margins. The experienced KFC UK management team, which currently operates a leading set of 50 high-performing company-owned restaurants across the UK and Ireland, will focus on delivering an enhanced customer experience and deploying its digital strategy to drive higher unit volumes and market share growth. KFC UK and Ireland has a strong track record of consistent growth that has continued this year, with system sales up 7% and same-store sales up 5% across its 1,040 restaurants. Since 2018, KFC has opened 200 new restaurants across the UK and Ireland, and with the market demonstrating renewed potential since the start of 2023, KFC has previously announced plans to open a further 500 restaurants across the market by 2030. Once completed, all of EG's KFC UK and Ireland business - over half of which is made up of drive-thrus - and 7,800 team members will come under KFC UK and Ireland management. This acquisition will cement the compelling leadership position that KFC has built across the UK and Ireland over many years - allowing the business to drive growth and gain market share. Yum! anticipates finalizing the transaction by the end of the first half of 2024. The transaction will be funded from Yum!'s cash flows and is expected to have an immaterial impact on Yum!'s 2024 financial results. With this acquisition, Yum! Brands maintains its highly efficient asset-light strategy including a global restaurant base that's predominately franchisee-owned.
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NVS | Hot Stocks05:22 EST Novartis announces FDA approval of Fabhalta - Novartis announced that the FDA approved Fabhalta as the first oral monotherapy for the treatment of adults with paroxysmal nocturnal hemoglobinuria. Fabhalta is a Factor B inhibitor that acts proximally in the alternative complement pathway of the immune system, providing comprehensive control of red blood cell, or RBC, destruction within and outside the blood vessels. In clinical trials, treatment with Fabhalta increased hemoglobin levels in the majority of patients and in APPLY-PNH nearly all patients treated with Fabhalta did not receive blood transfusions.
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UMC | Hot Stocks05:20 EST UMC reports November revenue NT$18.79M, down 16.67%
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TEVA | Hot Stocks05:19 EST Teva announces new post hoc analysis of two Ajovy clinical studies - Teva announced that a post hoc analysis of two phase 3 clinical studies presented at the European Headache Congress has shown the effectiveness of the migraine prevention treatment Ajovy in reducing migraine attacks in patients with migraine and co-morbid obesity. Migraine and obesity are both associated with high levels of disability and both conditions are more prevalent amongst females. It is estimated that 59% of people in Europe are either overweight or obese, with almost a quarter of adults living with obesity. A higher body mass index (BMI) is frequently associated with increased migraine prevalence and severity, and an increased number of adverse effects. As such, assessing the efficacy and safety of migraine preventative treatment in patients with obesity can help guide migraine management and treatment decisions. The post hoc analysis of the HALO-LTS1 and FOCUS2 phase 3 studies compared the safety and efficacy of fremanezumab migraine preventive treatment in obese migraine patients vs normal weight migraine patients for a period of six months. Obesity was defined as having a Body Mass Index greater than or equal to30 kg/m2 and normal weight patients with a BMI less than 30 kg/m2. The analysis showed that the efficacy of fremanezumab was the same in migraine patients with BMI-high vs BMI-normal: At baseline, monthly migraine days in migraine patients with BMI-high vs BMI-normal were 13.7 vs 13.6 respectively. After 6 months of treatment with fremanezumab, monthly migraine days in migraine patients with BMI-high vs BMI-normal was reduced to 6.8 vs 7.2 respectively. Furthermore, adverse events, or AEs, in patients with obesity were similar to AEs in non-obese patients treated with fremanezumab.
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JG | Hot Stocks05:12 EST Aurora Mobile announces one-for-twenty reverse ADS split - Aurora Mobile announced that it will change the effective date of its change to the ratio of its American depositary shares. On November 30, Aurora Mobile announced that it intended to change the ratio of its ADSs to its Class A common shares, par value US$0.0001 per share, from three ADS representing two Class A common shares to three ADS representing forty Class A common shares effective on or about December 6. Aurora Mobile will change the ratio of its ADSs effective December 11, U.S. Eastern Time. The ADS ratio change will have the same effect as a one-for-twenty reverse ADS split for Aurora Mobile's ADS holders. The ADS ratio change will have no impact on Aurora Mobile's underlying Class A common shares, and no Class A common shares will be issued or cancelled in connection with the ADS Ratio Change. On the effective date, holders of the ADSs will be required to surrender and exchange every twenty ADSs then held for one new ADS.
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FORR | Hot Stocks05:05 EST Forrester sees FY28 Europe-5 sales EUR 2.7T - Forrester forecasted that total retail sales of Europe-5 countries (France, Germany, Italy, Spain, and the UK) will increase from EUR 2.3T in 2023 to reach EUR 2.7T in 2028 at a 2.9% compound annual growth rate (CAGR).The company said, "Forrester's recently released report, Europe-5 Online Retail Forecast, 2023 To 2028, estimates total retail sales, online retail sales, and online retail penetration across 22 product categories, including fashion, homeware, food and drink, consumer electronics, and media, for each of the Europe-5 economies. Germany holds the largest share of the retail market among these five countries, followed (in order) by the UK and France. In 2022, offline retail growth outpaced online retail growth for the first time as more consumers shopped in stores, and this momentum continued into 2023, but the fundamental growth drivers of online retail such as greater product selection, round-the-clock availability, and competitive pricing remain strong. As a result, Forrester expects online retail sales growth to rebound to pre-pandemic levels in 2024 and beyond. Overall, combined online retail sales in Europe-5 countries will increase from EUR 372 billion in 2023 to EUR 579 billion in 2028 at a five-year CAGR of 9.2%. Online sales will represent 22% of total retail sales in these five markets, compared to 16% in 2023."
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