Stockwinners Market Radar for January 09, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MESO | Hot Stocks19:50 EST Mesoblast trading halted, news pending
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BETS | Hot Stocks19:50 EST Bit Brother Ltd trading halted, news pending
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WDAY | Hot Stocks19:33 EST Workday CFO Rowe sells 4,655 class A common shares - In a regulatory filing, Workday CFO Zane Rowe disclosed the sale of 4,655 class A common shares of the company on January 5 at a price of $265.8908 per share.
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OCANF | Hot Stocks19:02 EST OceanaGold names Bhuvanesh Malhotra chief technical and projects officer - OceanaGold Corporation announced the appointment of Bhuvanesh Malhotra as Chief Technical and Projects Officer, effective January 22, 2024. Gerard Bond, President and Chief Executive Officer of OceanaGold, said "I am delighted to welcome Bhuvanesh to our Executive Leadership Team. Following an extensive search, we are pleased to have attracted such a strong and accomplished technical leader to drive value in our projects and studies function during an exciting growth phase for OceanaGold."
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VTLE | Hot Stocks18:50 EST Vital Energy sees Q4 CapEx $190M - Vital Energy provided select preliminary results for Q4. The Company's Q4 total production averaged approximately 113.4 thousand barrels of oil equivalent per day, or MBOE/d, above guidance of 101.8 - 105.8 MBOE/d. Oil production for the quarter averaged approximately 52.8 thousand barrels of oil per day, or MBO/d, above guidance of 47.9 - 50.9 MBO/d. Production results were primarily driven by outperformance of recently turned-in-line wells in Howard and Upton counties. Earlier-than-expected closing dates for previously announced transactions and the acquisition of additional working interests during the quarter contributed approximately 1,250 BOE/d, 60% oil, to quarterly production. Total incurred capital expenditures during Q4 were approximately $190M, excluding non-budgeted acquisitions and leasehold expenditures, in-line with guidance of $175M-$190M.
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INTC | Hot Stocks18:04 EST Intel announces agreement to acquire Silicon Mobility, terms not disclosed - At CES, Intel announced plans to drive the company's AI everywhere strategy into the automotive market, including a deal to acquire Silicon Mobility, a fabless silicon and software company that specializes in SoCs for intelligent electric vehicle energy management. Intel also announced: a new family of AI-enhanced software-defined vehicle system-on-chips, with Zeekr as the first original equipment manufacturer to adopt the new SoC to deliver its generative AI-driven living room experiences to next-generation vehicles. The acquisition is subject to necessary approvals.
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HPE JNPR | Hot Stocks17:51 EST HP Enterprise, Juniper deal seen accretive to non-GAAP EPS in first year - The combination of HPE and Juniper advances HPE's portfolio mix shift toward higher-growth solutions and strengthens its high-margin networking business, accelerating HPE's sustainable profitable growth strategy. The transaction is expected to be accretive to non-GAAP EPS and free cash flow in the first year post close.
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CCJ... | Hot Stocks17:51 EST Shares of Cameco, NexGen Energy spike after U.S. DOE call for uranium - Shares of companies in the exploration for, mining, and milling, purchase, of uranium including Cameco (CCJ), NexGen Energy (NXE), Uranium Energy (UEC), Energy Fuels (UUUU) and Ur-Energy (URG) spiked higher on Tuesday after the the U.S. Department of Energy or DOE, issued a request for proposals or RFP for uranium enrichment services to help establish a reliable domestic supply of fuels using high-assay low-enriched uranium or HALEU, a crucial material needed to deploy advanced nuclear reactors, which will help reach President Biden's goal of net-zero emissions by 2050, increase energy security, create good-paying jobs, and strengthen U.S. economic competitiveness. Reference Link
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HPE JNPR | Hot Stocks17:48 EST HP Enterprise to acquire Juniper for $40.00 per share in cash, or EV $14B - Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per share, representing an equity value of approximately $14B. Upon completion of the transaction, Juniper CEO Rami Rahim will lead the combined HPE networking business, reporting to HPE President and CEO Antonio Neri. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of HPE and Juniper, Juniper shareholders will receive $40.00 per share in cash upon the completion of the transaction. The purchase price represents a premium of approximately 32% to the unaffected closing price of Juniper's common stock on January 8, 2024, the last full trading day prior to media reports regarding a possible transaction. The transaction is expected to be funded based on financing commitments for $14B in term loans. Such financing will ultimately be replaced, in part, with a combination of new debt, mandatory convertible preferred securities, and cash on the balance sheet. The transaction is currently expected to close in late calendar year 2024 or early calendar year 2025, subject to receipt of regulatory approvals, approval of the transaction by Juniper shareholders, and satisfaction of other customary closing conditions. The combination is expected to achieve operating efficiencies and run-rate annual cost synergies of $450M within 36 months post close. Strong growth in free cash flow, along with maintenance of capital allocation policies, are expected to provide sufficient room to reduce leverage to approximately 2x in two years post close. Following the completion of the transaction, HPE will continue its innovation and go-to-market investments in its networking business, one of its growth engines.
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HPE JNPR | Hot Stocks17:46 EST HP Enterprise to acquire Juniper for $40.00 per share in cash, or EV $14B
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LEN | Hot Stocks17:44 EST Lennar raises annual dividend to $2.00 from $1.50 per share - Lennar announced that its Board of Directors has increased its annual dividend to $2.00 per share from $1.50 per share, resulting in a quarterly cash dividend of 50c per share for both Class A and Class B common stock. The dividend is payable on February 7 to holders of record at the close of business on January 24.
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WMT | Hot Stocks17:36 EST Walmart offers drone delivery for up to 75% of DFW population - Walmart said it is offering drone delivery for up to 75% of the Dallas-Fort Worth population. "This expansion will bring the ultimate convenience of drone delivery to communities across the DFW area. Customers will have access to a broad assortment of items from Walmart available for delivery to their home in just minutes," said Prathibha Rajashekhar, senior vice president, Innovation & Automation, Walmart U.S. "Drone delivery is not just a concept of the future, it's happening now and will soon be a reality for millions of additional Texans." The drone delivery expansion includes stores across more than 30 towns and municipalities in the DFW metroplex, marking the first time a U.S. retailer has offered drone delivery to this many households in a single market. The deliveries will be powered by on-demand drone delivery providers, Wing and Zipline. Both are approved by the FAA to fly their drones without a dedicated observer being able to see the drone at all times, known as Beyond Visual Line of Sight, Walmart said. Reference Link
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VECO... | Hot Stocks17:33 EST Aehr Test Systems falls over 15% after guidance, amid declining EV sales - Shares of semiconductor test solutions firm Aehr Test Systems (AEHR) are down 16% or $3.50 per share in after-hours trading on Tuesday to $18.87 per share after CEO Gayn Erickson warned that declining electric-vehicle-sales growth has impacted "timing of several current and new customer orders and capacity increases for silicon carbide devices used in them."...The CEO added, "While we have seen delays in orders from our automotive customers, we are seeing a pick-up in opportunities for SiC wafer level burn-in for applications outside of the electric vehicle market, including industrial, solar, and commuter electric trains as the efficiency and value of SiC is being recognized for these additional markets." Other listed companies in the space include Teradyne (TER), Kulicke & Soffa (KLIC), inTEST (INTT), Cohu (COHU), and Veeco Instruments VECO).
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LEN | Hot Stocks17:33 EST Lennar increases stock repurchase program by $5B - Lennar also announced that its board of directors has authorized an increase to the company's stock repurchase program to enable the company to repurchase up to an additional $5B in value of its outstanding Class A or Class B common stock. Repurchases are authorized to be made in open-market or private transactions. The repurchase authorization has no expiration date.
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BATL | Hot Stocks17:30 EST Battalion Oil receives non-compliance letter from NYSE - Battalion Oil announced that on January 5, it received official notice on behalf of the NYSE American indicating that, because the Company did not hold an annual meeting of stockholders during its fiscal year ended December 31, the Company is not in compliance with its continued listing standards set forth in Section 704 of the NYSE American Company Guide. The Company expect to regain compliance with the NYSE American's continued listing standards once the 2023 annual meeting of stockholder is held, which meeting has been scheduled for February 7, at Two Memorial City Plaza, Houston, Texas.
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LMT | Hot Stocks17:16 EST Lockheed Martin awarded $101.51M Navy contract - Lockheed Martin was awarded a $101.51M cost-plus-incentive-fee and cost-plus-fixed-fee contract for AEGIS development and test sites operation and maintenance. This contract contains options which, if exercised, would bring the cumulative value of this contract to $462.44M. Work will be performed in Moorestown, New Jersey and is expected to be completed by January 2028. This contract was not competitively procured in accordance with 10 U.S. Code 3204. Naval Sea Systems Command is the contracting activity.
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SEM | Hot Stocks17:15 EST Select Medical chairman sells $2.66M in common stock - In a regulatory filing, Select Medical disclosed that its chairman Robert Ortenzio sold 100K shares of common stock on January 8th in a total transaction size of $2.66M.
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KTCC | Hot Stocks17:14 EST Key Tronic CEO Craig Gates to retire, Brett Larsen to succeed on June 30 - Key Tronic announced that effective June 30, its Board of Directors has named Brett Larsen to succeed Craig Gates as the company's President and CEO. Gates will retire from the company effective June 30, but expects to remain a member of the company's Board of Directors. Larsen, who has served as the company's Executive Vice President of Administration, CFO, and Treasurer since July 2015, joined the company in May 2004 and has assumed ever-increasing roles and responsibilities over the past 20 years. Tony Voorhees will also be promoted to Executive Vice President of Administration, CFO, and Treasurer on June 30. In addition, Patrick Sweeney retired from the Board and his role as Chairman on January 4. In his stead, the Board has nominated director Ronald Klawitter to act as Chairman until the next Annual Meeting of the Shareholders. In addition, the Board welcomed Cheryl Berenak, founding member and CEO of Clearfield Communications, to the Board on January 4.
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AVGO | Hot Stocks17:13 EST Broadcom CFO sells $2.61M in common stock - In a regulatory filing, Broadcom disclosed that its CFO Kirsten Spears sold 2.5K shares of common stock on January 5th in a total transaction size of $2.61M.
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BPMC | Hot Stocks17:09 EST Blueprint Medicines says AYVAKIT has potential to be multibillion-dollar therapy - During the J.P. Morgan conference presentation yesterday, Blueprint Medicines CEO Kate Haviland stated: "As we enter 2024, AYVAKIT's early launch success in indolent systemic mastocytosis has grown our conviction that AYVAKIT has the potential to be a multi-billion-dollar therapy that will drive long-term growth into the next decade. We know that the first few quarters of a launch are critical in defining the trajectory of a new medicine, and we have built a strong foundation for success with AYVAKIT as we continue to drive growth in the U.S. and expand our launch in Europe this year. Throughout 2023, we also made significant progress across our research and development pipeline enabling us to focus investments on our most promising programs. A core component of our growth strategy is to build on our leadership position in SM by expanding to other allergic-inflammatory diseases where mast cells play a core role in the biology, and we have integrated infrastructure that we can efficiently scale. Across our portfolio, we are investing in our most compelling opportunities to deliver innovative, life-changing medicines to patients, while maintaining a strong and sustainable financial profile."
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AHT | Hot Stocks17:07 EST Ashford Hospitality sees Q4 occupancy 66% - Ashford Hospitality Trust reported that the Company expects to report Occupancy of approximately 66% for the Q4 with Average Daily Rate of approximately $182 resulting in RevPAR of approximately $120. This Comparable RevPAR reflects an approximate increase of 1% compared to the Q4 of 2022. Additionally, for the month of October 2023, Comparable RevPAR increased approximately 4% versus October 2022. For the month of November 2023, Comparable RevPAR increased approximately 1% versus November 2022. For the month of December 2023, Comparable RevPAR decreased approximately 1% versus December 2022. "We are pleased with our performance for the 2023 Q4", commented Rob Hays, Ashford Trust's President and CEO. "We continue to benefit from increased corporate and group demand, and our high-quality, geographically diverse portfolio, remains well-positioned to outperform."
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WFG | Hot Stocks17:06 EST West Fraser Timber to close sawmill in Maxville, expects $50M in charges - West Fraser Timber announced that it will close its sawmill in Maxville, Florida and indefinitely curtail operations at its sawmill in Huttig, Arkansas by the end of this month. Today's decision is the result of high fiber costs and soft lumber markets. The closure of Maxville Sawmill will impact approximately 80 employees, while the indefinite curtailment of Huttig will impact 140 employees. In aggregate this will reduce West Fraser's U.S. lumber capacity by approximately 270M board feet. West Fraser expects to mitigate the impact on affected employees by providing work opportunities at other company operations. High fiber costs at Maxville and the current low-price commodity environment have impaired the ability of both mills to profitably operate. The closure of Maxville and the indefinite curtailment of the Huttig sawmill better aligns our U.S. lumber capacity with demand. West Fraser anticipates taking restructuring and impairment charges of approximately $50M in the Q4 associated with this announcement.
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APA | Hot Stocks17:03 EST APA Corp. names Stephen Riney president, CFO - APA Corporation announced that Stephen J. Riney has been promoted to president and chief financial officer. Riney has served as executive vice president and chief financial officer since joining APA in 2015. "Steve has consistently brought tremendous integrity, rigor and strategic counsel to my leadership team since joining APA," said John J. Christmann, IV, chief executive officer. "He has helped us refine APA's strategic direction while also successfully navigating some of the most financially challenging times in our industry's history. His leadership and influence have extended beyond our financial operations, and this promotion formalizes the significant role that Steve plays in helping guide the company's strategy, goals and execution. I am confident as President, Steve's talents will be further leveraged for the benefit of APA and our stakeholders."
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LAZR DDAIF | Hot Stocks17:01 EST Luminar, Mercedes-Benz expand partnership to Formula 1 - Leading global automotive technology company Luminar (LAZR) and the Mercedes (DDAIF)-AMG PETRONAS F1 Team announced a new strategic collaboration that will leverage Luminar's existing development work with Mercedes-Benz to integrate Luminar's technology into the Official FIA F1 Safety Car with that work beginning in 2024. LiDAR, which stands for Light and Detection Ranging, uses lasers to create a highly detailed 3D map of the surrounding environment. Luminar's LiDAR coupled with its AI software uniquely enables precise object detection at higher speeds and under adverse driving conditions. Luminar's technology is built from the chip-level up, and at a higher wavelength that allows it to see road debris up to 250 meters and objects up to 500 meters ahead. The ability to detect still and moving objects at high speeds and under wide ranging conditions make Luminar's LiDAR an excellent match for the Official FIA F1(R) Safety Car. Luminar and Mercedes-AMG will work together to integrate Luminar's technology into the roofline of the Mercedes-AMG GT Black Series.
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CNS | Hot Stocks16:42 EST Cohen & Steers reports preliminary AUM $83.1B as of December 31, 2023 - Cohen & Steers reported preliminary assets under management of $83.1B as of December 31, 2023, an increase of $4.4B from assets under management at November 30, 2023. The increase was due to net inflows of $61M and market appreciation of $4.8B, partially offset by distributions of $408M.
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PSMT | Hot Stocks16:42 EST PriceSmart jumps 8% to $78.75 after Q1 results
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IPI | Hot Stocks16:40 EST IPI entered into 3rd amendment to cooperative pact with XTO - As previously announced, on December 12, Intrepid Potash entered into a Third Amendment to the Cooperative Development Agreement with XTO Holdings..The Amendment has an effective date of January 1..As consideration under the Amendment, on January 2 Intrepid received a payment of $45M from XTO, which was in addition to an initial payment of $5 M received from XTO on December 12. The Amendment also provides that Intrepid will receive an additional one-time payment equal to $50M as an "Access Fee," which XTO will pay within 90 days upon the earlier occurrence of (i) the approval of the first new or expanded drilling island within a specific area to be used by XTO, or (ii) within seven years of the anniversary of the effective date. XTO is also required to pay additional amounts to Intrepid as an "Access Realization Fee," up to a maximum amount of $100M in the event of certain additional drilling activities by XTO. Pursuant to the Amendment, among other things, Intrepid agrees to support and not oppose XTO's development and operation of XTO's oil and gas interests within the Designated Potash Area. Bob Jornayvaz, Intrepid's Executive Chairman and CEO commented: "This Amendment furthers our goal of cooperation and the efficient co-development of resources within the DPA. The consideration received under the Amendment brings us closer to our goal of creating sustained value for shareholders and will be instrumental in allowing us to pursue opportunities across our asset base."
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MESA | Hot Stocks16:32 EST Nasdaq notifies Mesa Air 'not' in compliance due to filing delay of 10K - Mesa Air Group announced that it received a notice on January 4, from the Listing Qualifications Department of The Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company failed to timely file its Annual Report on Form 10-K for the period ended September 30, 2023 with the Securities and Exchange Commission. The filing delay is not the result of a forthcoming restatement of the Company's financial statements or any disagreement with the Company's auditors.
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ALC | Hot Stocks16:31 EST Alcon reports 'positive' topline results from Phase 3 COMET trials of AR-15512 - Alcon announced positive topline results from the two pivotal Phase 3 clinical trials evaluating the efficacy and safety of AR-15512, a candidate treatment for the signs and symptoms of dry eye disease. In both COMET-2 and COMET-3, which enrolled more than 930 dry eye subjects in total, the primary endpoint of the proportion of subjects with at least a 10-mm increase in unanesthetized Schirmer's score achieved statistical significance at Day 14. These data are consistent with the proposed mechanism of action of AR-15512. "We are excited by AR-15512 as it has the potential to address the limitations of current dry eye prescription options and provide Eye Care Professionals (ECPs) and dry eye sufferers with a new and effective approach to the management of dry eye, a chronic and undertreated disease," said David Endicott, CEO of Alcon. "AR-15512 is the first product candidate in our emerging ophthalmic pharmaceutical portfolio, representing our legacy of commitment to innovation in eye care."
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VAL | Hot Stocks16:31 EST Valaris announces new contracts, extensions with associated backlog of $1.14B - Valaris Limited announced new contracts and contract extensions, with associated contract backlog of approximately $1.14B, awarded subsequent to issuing the company's most recent fleet status report on November 1, 2023. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements. President and Chief Executive Officer Anton Dibowitz said, "We are delighted to announce these contract awards and extensions, which add well over $1 billion of contract backlog at attractive economics, providing further evidence of the positive outlook for Valaris. These awards include two multi-year drillship contracts and several jackup contracts across the North Sea, Trinidad, and Australia."
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ICCT | Hot Stocks16:30 EST iCoreConnect announces acquisition of Verifi Dental - iCoreConnect announced its strategic acquisition of Verifi Dental. This acquisition expands the portfolio of SaaS software solutions iCore provides to the healthcare market.
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GATO | Hot Stocks16:27 EST Gatos: CLG mine Q4 average mill throughput 3,000 tonnes per day plus - Gatos Silver announced production results for the quarter and year ended December 31, 2023 at its 70%-owned Cerro Los Gatos mine in Mexico. Silver production and silver equivalent production were both near the top end of the 2023 guidance range, even after taking into account an upward guidance revision in November 2023. Dale Andres, CEO of Gatos Silver, commented: "The CLG mine performed very well during the fourth quarter and full year 2023. The operation achieved another record for mill throughput, with a quarterly average higher than 3,000 tonnes per day during the fourth quarter. This was the fourth consecutive quarterly increase in mill throughput rate, partially offsetting the expected lower grades of ore mined in 2023 compared with 2022. We are very encouraged by recent mill throughput tests, which indicate that 3,500 tonnes per day is possible without significant capital investment. We are also continuing to evaluate mill expansion options up to 4,000 tonnes per day in conjunction with further mine life extension opportunities." Silver equivalent production is calculated using prices of US$22/oz silver, US$1.20/lb zinc, US$0.90/lb lead and US$1,700/oz gold to "convert" zinc, lead and gold production contained in concentrate to "equivalent" silver ounces...Due to the continued strong performance of CLG during 2023 and changes to mine plan sequencing, Gatos Silver increased production guidance for silver and silver equivalent on November 6 from the original levels provided on February 23 Production guidance for zinc, lead and gold did not change after February 23, 2023. Gatos Silver expects to provide annual production and cost guidance for 2024 toward the end of February....silver production of 9.21M ounces and silver equivalent production of 14.33 M ounces were both close to the high end of upwardly revised guidance. For metals with no guidance change during 2023, lead production of 38.9M pounds was close to the high end of guidance, zinc production of 57.3M pounds was slightly higher than the low end of guidance, and gold production was slightly below guidance.
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EPM | Hot Stocks16:22 EST Evolution Petroleum to acquire natural gas assets in Oklahoma for $43.5M in cash - Evolution Petroleum announced that it has entered into definitive agreements to acquire non-operated oil and natural gas assets in the SCOOP and STACK plays in central Oklahoma from Red Sky Resources III, Red Sky Resources IV and Coriolis Energy Partners I. The combined purchase price of the acquisitions is $43.5M in cash, subject to customary closing adjustments, with an effective date of November 1 and an expected closing date in mid-February during the company's third quarter of fiscal 2024. Evolution expects to fund the acquisition with cash on hand and borrowings from EPM's revolving credit facility. Production of approximately 1,550 barrels of oil equivalent per day ("BOEPD") and commodity mix of 42% oil, 15% natural gas liquids, and 43% natural gas as of the effective date. Acquisition highlights include: approximately 230 producing wells in the SCOOP and STACK plays of the Anadarko Basin in Blaine, Canadian, Carter, Custer, Dewey, Garvin, Grady, Kingfisher, McClain, and Stephens counties, Oklahoma; significant upside associated with approximately 3,700 net acres in the SCOOP and STACK plays with more than 300 gross undeveloped locations, with an average working interest of approximately 3%; highly accretive to key valuation metrics, including TEV/EBITDA, EPS, and CFPS; acquisitions and associated development drilling expected to be self-funding and generate incremental cash flow to further support the Company's quarterly dividend while adding minimal additional overhead. As of the effective date, there were 22 gross wells in process, 21 of which were drilled but uncompleted to be paid through completion by the seller. As of now, 13 of these DUCs have been completed and are producing. Assets managed by best-in-class operators, including Continental, Ovintiv, EOG, Marathon, and Gulfport. Evolution expects to fund the transactions from cash on hand and borrowings from the Company's senior credit facility with MidFirst Bank. As of December 31, 2023, and prior to the transaction, the Company had approximately $8 million in cash on hand and had no outstanding borrowings under the credit facility. The Company estimates that net debt after giving effect to the transaction will be within the Company's targeted leverage ratio of one-times pro forma adjusted EBITDA.
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ATRO | Hot Stocks16:21 EST Astronics up2% at $15.90 after Q4 revenue pre-announcement, initial FY24 outlook
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CNM | Hot Stocks16:19 EST Core & Main signs agreement to acquire Eastern Supply - Core & Main has entered into a definitive agreement to acquire substantially all of the assets of Eastern Supply Inc. and a related entity, a distributor of a broad range of storm drainage products, with custom fabrication capabilities, headquartered in Virginia. "The extensive product knowledge and fabrication capabilities in water, wastewater and stormwater management that the Eastern Supply team brings to Core & Main will be a great contribution to our national waterworks expertise," said Steve LeClair, chief executive officer of Core & Main.
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SIVBQ | Hot Stocks16:18 EST SVB Capital: SVB Financial Group will retain ownership of the business - SVB Capital Management, a wholly-owned indirect subsidiary of SVB Financial Group, announced that, following a review of strategic alternatives, SVB Financial Group and its creditors have determined that retaining the SVB Capital business would result in superior value creation opportunities. In connection with mapping its go-forward strategy, SVB Capital has created a new operating committee that will oversee all aspects of the business' strategic and operational initiatives. The operating committee is made up of Aaron Gershenberg, Sulu Mamdani and Beau Laskey, three longtime SVB Capital executives and experienced venture capital leaders. Gershenberg, a co-founder of SVB Capital who has served as a Senior Advisor since January 2023, is returning as a Managing Partner. The operating committee will be focused on maximizing the value of SVB Capital's portfolio and assets and continuing to serve its limited partners. The committee will work closely with William Kosturos, Chief Restructuring Officer of SVB Financial Group, to ensure a smooth transition.
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BKD | Hot Stocks16:17 EST Brookdale Senior Living reports December occupancy - Brookdale Senior Living reported its consolidated occupancy for December 2023. December 2023 Observations: Q4 weighted average occupancy increased 80 basis points compared to the Q3 to 78.4%; achieved twenty-six consecutive months of year-over-year weighted average occupancy growth; December's weighted average occupancy increased 130 basis points year-over-year, and grew nearly 900 basis points since the start of the recovery in March 2021.
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KEY | Hot Stocks16:16 EST KeyCorp names Darrin Benhart as Chief Risk Officer - KeyCorp announced that Darrin Benhart, Deputy Chief Risk Officer, has been named the bank's Chief Risk Officer, effective January 1. Darrin succeeds Mark Midkiff, whose long-planned retirement was announced in November and who will remain at the bank through a transition period. Darrin joined Key in July 2022, after a 30-year career at the Comptroller of the Currency, U.S. Department of the Treasury, where he held a series of increasingly senior roles, including serving as Deputy Comptroller of the Currency.
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WALD | Hot Stocks16:13 EST Waldencast receives noncompliance notification from Nasdaq - Waldencast announced that it received an additional notice of non-compliance from the listing qualifications staff of Nasdaq due to the company not having filed interim financial statements for the period ended June 30 with the Securities and Exchange Commission by December 31, 2023, as required by Nasdaq Listing Rule 5250. The staff noted that the Nasdaq Hearings Panel will consider this additional notice as part of its determination regarding the company's continued listing on Nasdaq Capital Market. The additional notice has no immediate impact on the listing of the company's securities, the suspension of which was stayed by Nasdaq at least pending completion of the hearing process.
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CRDO STX | Hot Stocks16:12 EST Credo Technology names Kate Schuelke as New Chief Legal Officer - Credo Technology (CRDO) announced that Kate Schuelke will join Credo as Chief Legal Officer and Corporate Secretary on January 26, 2024. Ms. Schuelke brings more than 30 years of legal technology industry experience to Credo, having most recently served as CLO of Seagate Technology LLC where she oversaw all legal functions, including the global security and government relations teams.
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MTCH | Hot Stocks16:11 EST Match Group names Faye Iosotaluno as CEO of Tinder - Match Group announced that Faye Iosotaluno, who currently serves as COO of Tinder, has been appointed Tinder's CEO, effective immediately. Iosotaluno will continue to report to Bernard Kim, Match Group CEO. Iosotaluno is a proven technology executive with a deep understanding of both the Tinder and Match Group businesses, having worked in various strategy, operational and leadership roles since she joined the portfolio more than six years ago. Prior to Tinder, she worked for Match Group as Chief Strategy Officer, where she oversaw strategy, consumer research, and corporate development, after being promoted from SVP of New Business Initiatives at Match Group, which included corporate development and revenue strategy for Tinder and other portfolio businesses.
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SGH | Hot Stocks16:10 EST SGH board approves $75M share repurchase authorization - On January 8, 2024, the Audit Committee of the Board of Directors approved a $75 million share repurchase authorization, bringing total share repurchase authorizations over the last two years to $150 million. Under the share repurchase authorization, the Company may repurchase its outstanding ordinary shares from time to time through open market purchases, privately-negotiated transactions or otherwise. The share repurchase authorization has no expiration date, may be suspended or terminated by the Audit Committee at any time and does not obligate the Company to acquire any amount of ordinary shares.
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ISRG | Hot Stocks16:10 EST Intuitive Surgical reports preliminary FY23 da Vinci procedures grew 22% - Full year 2023 worldwide da Vinci procedures grew approximately 22% compared with 2022. The Company expects worldwide da Vinci procedures to increase approximately 13% to 16% in 2024 as compared to 2023. During early 2023, COVID-19 resurgences in China continued to negatively impact procedure volumes; however, as infections and hospitalization started to decrease, the company saw a recovery of procedure volumes. During the remainder of 2023, Intuitive did not experience significant disruptions from COVID-19. However, COVID-19 has had in the past, and could have in the future, an adverse impact on the company's procedure volumes. Commenting on the announcement, Intuitive CEO Gary Guthart said, "We are pleased with customer adoption of our platforms and their use during the quarter and full year. We remain focused on supporting our customers' pursuit of the quadruple aim in acute interventions."
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NNBR | Hot Stocks16:09 EST NN reports $62.6M in new business wins in 2023 - NN reports a record-breaking 2023, with $62.6M in new business wins. "Ending with a strong second half, this acceleration in new business awards is a direct result of the company's new transformational business strategy. NN continues to gain traction with wins in desirable and diversified markets through better focus, targeting and harnessing its collective strengths."Part of our transformation plan is to improve how we engage our customers and the marketplace. Our new business wins in 2023 are validation that its working and that's great news," said Harold Bevis, CEO of NN, Inc. "This opens the door for our team to partner with customers and suppliers to create unique and breakthrough value-added solutions. We are capitalizing on our highly technical process capabilities, our existing footprint and know-how. The goal is to win business, grow sales and profits." NN's pipeline of new business opportunities entering 2024 is focused and approximately $500 million in size. NN is continuing to evolve and strengthen its growth programs by focusing on specific product applications including electric steering systems, electrical systems, braking systems, electricity distribution, battery management, fluid management, EV charging systems and medical components. These are natural markets for NN's focus on precision engineered metal products and in-house proprietary tool design," said the company.
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WDFC | Hot Stocks16:08 EST WD-40 up 3% at $244.00 per share following Q1 results, affirmed guidance
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TRNO | Hot Stocks16:08 EST Terreno Realty says operating portfolio 98.5% leased at December 31, 2023 - As of December 31, 2023, Terreno Realty Corporation owned 259 buildings aggregating approximately 16.0 million square feet and 45 improved land parcels consisting of approximately 152.4 acres: The operating portfolio was 98.5% leased at December 31, 2023 to 580 tenants as compared to 98.3% at September 30, 2023 and 98.6% at December 31, 2022; The same-store portfolio of approximately 13.1 million square feet was 98.5% leased at December 31, 2023 as compared to 98.7% at September 30, 2023 and 98.8% at December 31, 2022; The improved land portfolio of 45 parcels totaling approximately 152.4 acres was 94.6% leased at December 31, 2023 as compared to 96.3% at September 30, 2023 and 92.5% at December 31, 2022; Cash rents on new and renewed leases totaling approximately 0.3 million square feet and 0.0 acres of improved land commencing during the fourth quarter increased approximately 47.5% with a tenant retention ratio of 75.6% for the operating portfolio and 0.0% for the improved land portfolio. Cash rents on new and renewed leases totaling approximately 2.1 million square feet and 11.4 acres of improved land commencing during the year ended December 31, 2023 increased approximately 55.5% with a tenant retention ratio of 57.7% for the operating portfolio and 16.8% for the improved land portfolio; and Terreno Realty Corporation completed the development of Countyline Corporate Park Phase IV Building 41 in Hialeah, Florida and leased 100% of the building to an international logistics services provider. Building 41 of Terreno Realty Corporation's Countyline Corporate Park is a 191,000 square foot 32-foot clear height rear-load industrial distribution building on 10.5 acres with 62 dock-high and two grade-level loading positions and parking for 196 cars. The building is expected to achieve LEED certification, the total expected investment is $41.2 million and the estimated stabilized cap rate is 5.1%.
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WDFC | Hot Stocks16:08 EST WD-40 CFO says sales volumes continue to recover - CFO Sara Hyzer stated: "We're off to a very solid start in fiscal year 2024 and we are pleased to see sales volumes continue to recover as well as continued improvement in our gross margin. However, we know our results can vary from quarter to quarter based on the timing of promotional activities, market mix, and the impacts from a world which is filled with volatility, uncertainty, complexity, and ambiguity. Therefore, we continue to believe our current guidance is our best estimate and so we are reiterating our outlook for fiscal year 2024 today."
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Z ZG | Hot Stocks16:07 EST Zillow Group reappoints Bill Gurley to Board of Directors - Zillow Group announced the reappointment of Bill Gurley, prominent venture capitalist and partner at Benchmark Capital, to the company's Board of Directors, effective immediately. Gurley previously served on the Board from 2005 to 2015.
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TRNO | Hot Stocks16:06 EST Terreno Realty names John Meyer COO - Terreno Realty Corporation announced the promotion of John Meyer to Chief Operating Officer effective January 8, 2024. Meyer will continue to report to Michael A. Coke, President and W. Blake Baird, Chairman and Chief Executive Officer. Prior to joining Terreno Realty Corporation in 2010, Meyer was Executive Vice President, Director of Transactions, Southwest Region of North America for AMB Property Corporation. Meyer holds a BS degree in architecture from the University of Oklahoma.
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PSMT | Hot Stocks16:06 EST PriceSmart reports Q1 comparable net merchandise sales up 8% - Comparable net merchandise sales for the 50 warehouse clubs that have been open for greater than 13 1/2 calendar months increased 8.0% for the 13-week period ended December 3, 2023 compared to the comparable 13-week period of the prior year. Comparable net merchandise sales - constant currency for the 13 weeks ended December 3, 2023 increased 4.3%. Foreign currency exchange rate fluctuations impacted comparable net merchandise sales positively by 3.7% versus the same period in the prior year.
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PFBC | Hot Stocks16:05 EST Preferred Bank board approves repurchase of 'another $50M' in common stock - Preferred Bank announced that the Board of Directors has approved the repurchase of another $50M of the Bank's common stock. The shares will be purchased in the open market. Recall that at the Annual Shareholder's Meeting on May 16 , the Bank's shareholders approved a stock repurchase plan which calls for the repurchase of up to a total of $150M of the Bank's common stock. On June 12, 2023, the Bank announced that the Board had approved the first $50 million in repurchases under that blanket shareholder approval and those stock repurchases were completed in October of 2023. The average price of the shares purchased was $58.
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SONO | Hot Stocks16:05 EST Sonos names Saori Casey CFO - Sonos announced that industry leading corporate finance executive Saori Casey will join the company's executive leadership team as its new Chief Financial Officer, effective January 22, 2024. Saori will oversee all financial, accounting, real estate, technology, and investor relations functions within the company. Saori succeeds current CFO Eddie Lazarus, who will take on the new role of Chief Strategy Officer while retaining existing duties as Chief Legal Officer. Saori brings more than 30 years of corporate finance experience, with nearly 13 years serving as Vice President of Finance at Apple, where she was responsible for running all aspects of Apple's financial planning, forecasting, capital allocations, investor relations, as well as financial management of all G&A functions. Prior to joining Apple, Saori spent 15 years at Cisco, where she held a number of finance leadership roles spanning operations, sales, R&D, FP&A, M&A, and systems, as the company scaled its revenue from $4 billion to over $40 billion. In addition, Saori serves on the board of Houzz, as both chair of the Audit Committee and a member of the Compensation Committee. "I am excited to welcome Saori as our new CFO. The depth and breadth of her experience at world-class companies like Apple and Cisco make her perfectly suited to build on our momentum and seize the opportunity ahead," says Sonos CEO Patrick Spence. "Saori's appointment to CFO and Eddie's transition to Chief Legal and Strategy Officer, along with the recent appointments of Deirdre Findlay as Chief Commercial Officer and Maxime Bouvat-Merlin as Chief Product Officer, have yielded an accomplished executive leadership team poised to accomplish our ambition to be the world's leading sound experience company."
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COOP | Hot Stocks16:01 EST Mr. Cooper names Mike Weinbach president - Mr. Cooper Group announced the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the company's operations, including Originations, Servicing and Technology. With more than 25 years' experience in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking. Most recently, he served as CEO of Consumer Lending for Wells Fargo and as a member of the firm's Operating Committee, responsible for leading more than 40,000 team members focused on Home Lending, Auto Lending, Credit Cards, Merchant Services, Student Lending and Personal Lending. Previously, he served as CEO of Chase Home Lending at JP Morgan Chase, where he also held leadership roles in Consumer Banking, Business Banking, Mortgage Servicing and Auto Finance, with oversight of sales, finance and operations. "I am delighted to welcome Mike to Mr. Cooper Group. His extensive background in consumer lending and financial services as well as his people-first approach will be a great fit for our team as he helps lead the company forward on the next phase of our journey," said Jay Bray, Chairman and CEO of Mr. Cooper Group.
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CCJ... | Hot Stocks15:57 EST U.S. looks to increase production of higher-energy uranium, DOE says - In support of President Biden's Investing in America agenda, the U.S. Department of Energy or DOE, issued a request for proposals or RFP for uranium enrichment services to help establish a reliable domestic supply of fuels using high-assay low-enriched uranium or HALEU, a crucial material needed to deploy advanced nuclear reactors, which will help reach President Biden's goal of net-zero emissions by 2050, increase energy security, create good-paying jobs, and strengthen U.S. economic competitiveness. The DOE, continued in part : "Currently, HALEU is not commercially available from U.S.-based suppliers, and boosting domestic supply could spur the development and deployment of advanced reactors in the United States. .."The Biden-Harris Administration knows that nuclear energy is essential to accelerating America's clean energy future," said Assistant to the President and National Climate Advisor Ali Zaidi."... It's good news for our economy, for America's union workforce, and for our planet." In total, President Biden's Inflation Reduction Act will provide up to $500M for HALEU enrichment contracts selected through this RFP and a separate one, released in November, for services to deconvert the uranium enriched through this RFP into metal, oxide, and other forms to be used as fuel for advanced reactors...most U.S. advanced reactors require HALEU, which is enriched between 5% to 20%, to achieve smaller and more versatile designs with the highest standards of safety, security, and nonproliferation.... DOE's Office of Nuclear Energy plans to award one or more contracts to produce HALEU from domestic uranium enrichment capabilities. Once enriched, the HALEU material will be stored on site until there is a need to ship it to deconverters... Together, the United States, Canada, France, Japan, and the United Kingdom have announced collective plans to mobilize $4.2B in government-led spending to develop safe and secure nuclear energy supply chains." Companies in the space include: Cameco (CCJ), NexGen Energy (NXE), Uranium Energy (UEC), Energy Fuels (UUUU) and Ur-Energy (URG). Reference Link
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WBD | Hot Stocks15:53 EST Warner Bros., Tom Cruise to joint develop original films starring Cruise in 2024 - Warner Bros. Motion Picture Group's Co-Chairs and CEOs Michael De Luca & Pam Abdy and Tom Cruise today announced they will jointly develop and produce original and franchise theatrical films starring Cruise in 2024 under a new strategic partnership between Cruise and Warner Bros. Discovery. Cruise and his production company will have offices on the Warner Bros. Discovery lot in Burbank. The partnership marks a return to Warner Bros. for Cruise, whose storied filmography with the studio includes Edge of Tomorrow, Rock of Ages, The Last Samurai, Eyes Wide Shut, Interview with the Vampire, Risky Business, The Outsiders, and New Line's Magnolia. Reference Link
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NCRA | Hot Stocks15:34 EST Nocera COO Hong-Wen Ruan to retire, Feng-Hua Chen to succeed - Nocera announced that the company's current COO, Hong-Wen (Howard) Ruan has decided to retire effective as of January 4. Feng-Hua (Howard) Chen has been appointed as the company's new COO, effective immediately. Chen will manage all aspects of Nocera's operations as the company continues to execute its strategic vision of creating an environmentally friendly sustainable seafood company. Chen joins Nocera with over 30 years of executive level experience in the fields of financial services, construction, sales and business development.
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NCRA | Hot Stocks15:33 EST Nocera COO Hong-Wen Ruan to retire, Feng-Hua Chen to succeed - Nocera announced that the company's current COO, Hong-Wen (Howard) Ruan has decided to retire effective as of January. Feng-Hua (Howard) Chen has been appointed as the company's new COO, effective immediately. Chen will manage all aspects of Nocera's operations as the company continues to execute its strategic vision of creating an environmentally friendly sustainable seafood company. Chen joins Nocera with over 30 years of executive level experience in the fields of financial services, construction, sales and business development.
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BA | Hot Stocks15:13 EST FAA says every Boeing 737-9 Max with plug door will remain grounded for now - The FAA issued the following update on the grounding of Boeing 737 MAX 9 aircraft: "Every Boeing 737-9 Max with a plug door will remain grounded until the FAA finds each can safely return to operation. To begin this process, Boeing must provide instructions to operators for inspections and maintenance. Boeing offered an initial version of instructions yesterday which they are now revising because of feedback received in response. Upon receiving the revised version of instructions from Boeing the FAA will conduct a thorough review. The safety of the flying public, not speed, will determine the timeline for returning the Boeing 737-9 Max to service." Reference Link
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VFS | Hot Stocks14:56 EST VinFast Auto announces global launch of VF 3 mini-eSUV - VinFast Auto officially announced at CES 2024 the global launch of its latest electric model, the VF 3. "This dynamic mini-eSUV, packed with character and personality, adds a new dimension to smart, sustainable, and accessible urban mobility for everyone... In 2024, VinFast is set to begin accepting early reservations for the VF 3. Details of the timing for reservation and delivery of the vehicle, pricing, and warranty policies will be announced for each market in the upcoming period," the company stated. Tran Mai Hoa, Deputy CEO of Sales and Marketing, VinFast Global, shared: "With the global launch of the VF 3, we are pleased to introduce a new electric car in our range. More importantly, we are providing a new companion for a generation of young drivers who value practicality alongside personality. The VF 3 aims to unbound the imagination of urban mobility that is not only sustainable but also accessible for everyone."
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SSNLF... | Hot Stocks14:53 EST Google and Samsung blend Nearby Share and Quick Share in cross-Android solution - Sameer Samat GM and VP of Android Ecosystem said in part, ealier on the The Keyword blog: "Android (GOOG, GOOGL) is all about giving you the ability to choose the devices that work best for you and making sure they connect seamlessly together, regardless of what brand they are...and at CES, we're announcing updates to help you get more done across your phone, laptop, Bluetooth accessories, TV, smart home and car... In 2020, we introduced Nearby Share to make it easy to share files across devices. Samsung (SSNLF), also has its own capability called Quick Share, which is loved by their users. Collaborating with Samsung we're bringing the best of our sharing solutions together into a singular cross-Android solution under the Quick Share name. We've integrated the experiences and created the best default, built-in option for peer-to-peer content sharing across all types of devices in the Android and Chromebook ecosystems. And to make sharing even more seamless between devices, we're working with leading PC manufacturers like LG to expand Quick Share to Windows PCs as a pre-installed app.This means with a simple tap of the new Quick Share icon, you can see a list of available devices close by. You remain in control of your privacy, and can choose in your phone's settings who can discover your device and send files, whether it's everyone, only your contacts or just your own devices. Quick Share will start rolling out to current Nearby Share enabled devices next month...And to make sharing even more seamless between devices, we're working with leading PC manufacturers like LG to expand Quick Share to Windows (MSFT) PCs as a pre-installed app." Reference Link
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LRLCY | Hot Stocks14:32 EST L'Oreal to acquire environmental water tech startup Gjosa - L'Oreal announced that it has signed an agreement to acquire the outstanding shares of Switzerland-based Gjosa, which it calls "the company pioneering water fractioning technology." "L'Oreal has already started a partnership with Gjosa to launch the L'Oreal Professionnel Water Saver professional showerhead, named in TIME Magazine's "100 Best Inventions of the Year" in 2021. The patented water fragmentation technology in the L'Oreal Professionnel Water Saver by Gjosa allows hair salons to reduce water consumption at the backbar1 by up to 69% and still give clients a pleasurable and thorough hair washing experience. Since 2023, the sustainable showerhead has been rolled out to more than 10,000 professional hair salons across Europe and the Middle East... The plan is to continue this roll-out to over 200,000 salons worldwide in the coming years. L'Oreal first announced a minority investment in Gjosa in 2021 through its corporate venture capital fund, BOLD - Business Opportunities for L'Oreal Development. This acquisition further reinforces the Groupe's L'Oreal for the Future commitments, including a comprehensive and science-based approach to water management, ensuring that the Groupe's activities are respectful of planetary boundaries as defined by the scientific community. The aim of this acquisition is to innovate and scale multiple applications of Gjosa's technology for beauty, while protecting the precious and coveted resource of water," the company stated. This acquisition is subject to standard conditions precedent and should be completed in the next few weeks. Reference Link
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BA | Hot Stocks14:29 EST FAA says every Boeing 737-9 MAX with plug door to remain grounded for now - The FAA says it will conduct a review after getting revised instructions from Boeing and that every 737-9 MAX with a plug door will remain grounded for now, according to Bloomberg.
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AMZN... | Hot Stocks14:25 EST Amazon debuts interoperable alternative Matter Casting at CES - "Amazon (AMZN) is a long-time supporter of using open technology standards to give customers more choice over the devices and services they use in their homes. That's also why Amazon is a founding member and key contributor to the Matter Standard. At CES, Amazon announced Matter Casting, which enables customers to cast content to Fire TV and Echo Show 15 devices directly from supported streaming apps on iOS (AAPL) and Android (GOOG). Customers can begin watching a movie or browse for their next favorite show from Prime Video on their phone, and cast it to their compatible Fire TV device or Echo Show 15. This is an industry-first demonstration of implementing Matter Casting."We are excited to work with Amazon to bring Matter Casting to the STARZ app. Matter has been easy to integrate and will provide even more options for customers to enjoy our extensive collection of original series and popular films on their device of choice," said Alison Hoffman, STARZ President of Domestic Networks. Matter Casting is available now for customers around the world who want to cast Prime Video content from iOS and Android devices to Echo Show 15. It will be coming to compatible Fire TV devices in the coming months, including smart TVs from Panasonic (PCRFY) with Fire TV built in. We're working with Plex, Pluto TV, Sling TV, STARZ (LGF,A, LGF.B) and ZDF to add Matter Casting support later this year," noted Amazon in its CES 2024: 7 key announcements from Amazon. Reference Link
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HMC | Hot Stocks14:13 EST Honda to launch '0 Series' EV model in North America in 2026 - Honda announced the "Honda 0 Series," a new global EV series launching in 2026, represented by the world premiere of two concept models, Saloon and Space-Hub, at CES 2024. "In 2026, Honda will introduce a model of the Honda 0 Series based on the Saloon concept in North America, followed by model introductions in Japan, Asia, Europe, Africa and the Middle East and South America... Honda also debuted a new H mark logo that will be used exclusively for the next-generation EV models," the company announced. Reference Link
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LKFN | Hot Stocks14:04 EST Lakeland Financial increases quarterly dividend 4% to 48c per share - Lakeland Financial, parent company of Lake City Bank, announced that the board of directors approved a quarterly cash dividend for the first quarter of 2024 of 48c per share, payable February 5, to shareholders of record as of January 25. The quarterly dividend represents a 4% increase over the quarterly dividend rate of 46c per share paid in 2023.
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MBLY | Hot Stocks13:35 EST Mobileye expands collaboration with M&M to explore next-gen driving systems - Mobileye is expanding its existing relationship with Mahindra & Mahindra or M&M, "a leader in automotive, farm and services businesses." Mobileye will collaborate with M&M to introduce multiple solutions based on Mobileye's next-generation EyeQ 6 systems-on-chip and sensing and mapping software, including an intent to build a full-stack autonomous driving system. Mobileye will leverage its extensive portfolio of advanced solutions and expertise in autonomous driving technologies to develop higher degrees of ADAS levels to be introduced on M&M's upcoming platforms. This includes a collaboration for next generation driving assistance features based on Mobileye's SuperVision platform, and for deploying new mapping solutions. This step is in line with Mahindra's commitment to deliver market-leading, innovative solutions that enhance safety, comfort and driving experience for their customers and also enhance the supply chain resiliency of related components for M&M. This collaboration strengthens the existing relationship between M&M and Mobileye, which resulted in the introduction of a segment-first suite of ADAS features in India on the Mahindra XUV7OO in 2021, setting the stage for future innovations in active safety. Reference Link
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ACHC | Hot Stocks13:16 EST Acadia Healthcare announces joint venture partnership with Ascension Seton - Acadia Healthcare announced that it has formed a joint venture partnership with Ascension Seton, an integrated healthcare systems in Austin, Texas, and a part of the Ascension national health network. "The partnership will expand access to behavioral healthcare in Austin and surrounding communities. The joint venture will focus on expanding Acadia's current operations at Cross Creek Hospital, as well as the number of inpatient behavioral beds available in Austin. Acadia will construct a 106-bed expansion of the acute behavioral hospital, increasing the total licensed bed count to 196 upon completion. Slated to open in late 2024, the new hospital will be named 'Cross Creek Hospital together with Ascension Seton.' The joint venture hospital will be in close proximity to Ascension Seton hospitals and will be one of the training sites for students, residents and fellows from Dell Medical School at The University of Texas at Austin. This is Acadia's second joint venture partnership with Ascension, having developed and opened Ascension Saint Thomas Behavioral Health Hospital in Nashville, Tennessee, in 2020," Acadia stated.
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BABA | Hot Stocks13:02 EST Alibaba.com announces AI-powered Smart Assistant launch - Alibaba.com, part of Alibaba International Digital Commerce Group, or AIDC, will launch its latest Smart Assistant features powered by artificial intelligence at CES in Las Vegas, NV from January 9-12, the company announced. "The Smart Assistant, an AI-powered global sourcing tool, caters to both newcomers and seasoned entrepreneurs in the dynamic world of global commerce. As a one-stop B2B sourcing platform, Alibaba.com remains committed to delivering innovative solutions to help buyers and suppliers streamline operations to more efficiently reach their goals and continue to grow. The Smart Assistant updates unveiled at CES will help business owners adeptly enhance their supply chain and solve complex sourcing needs and challenges as they seek to stand out in today's competitive marketplace," the company stated. Chris Lu, General Manager at Alibaba.com North America, added: "With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side."
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VRTX | Hot Stocks12:45 EST Vertex says SFDA grants Marketing Authorization for CASGEVY - Vertex Pharmaceuticals Incorporated announced that the Saudi Food and Drug Authority granted Marketing Authorization for CASGEVY, a CRISPR/Cas9 gene-edited therapy, for the treatment of sickle cell disease and transfusion-dependent beta thalassemia. CASGEVY is approved for the treatment of people 12 years of age and older with SCD or TDT. The Kingdom of Saudi Arabia has among the highest prevalence rates of SCD and TDT in the world, with thousands of patients living with these genetic blood disorders. "This approval adds to the list of firsts for CASGEVY. It represents the first medicine ever to receive SFDA Breakthrough Designation and be approved through this pathway, and Vertex's first ever regulatory approval in the Kingdom of Saudi Arabia," said Reshma Kewalramani, M.D., Chief Executive Officer and President of Vertex. "Most importantly, with this approval, people living with sickle cell disease or transfusion-dependent beta thalassemia have the possibility of a one-time transformative therapy for their disease." The Ministry of National Guard Health Affairs is the first Authorized Treatment Center in Saudi Arabia. Vertex is working to qualify additional hospitals as ATCs to bring CASGEVY to patients, including the King Faisal Specialist Hospital. In order to enable rapid access to CASGEVY, Vertex is working to secure listing on hospital formularies to support reimbursement as soon as possible.
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DIS | Hot Stocks12:23 EST Disney announces new 'Star Wars' film titled 'Mandalorian & Grogu' - Disney announced that "The Mandalorian & Grogu," a film spinoff in the "Star Wars" universe, will go into production in 2024. The movie, based on the "Mandalorian" Disney+ show universe, will be directed by Jon Favreau, and produced by Favreau, Kathleen Kennedy, and Dave Filoni. "I have loved telling stories set in the rich world that George Lucas created," said Favreau. "The prospect of bringing the Mandalorian and his apprentice Grogu to the big screen is extremely exciting." Reference Link
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ILMN | Hot Stocks12:14 EST Illumina sees less instrument placements in 2024 vs. 2023
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CYTK NVS | Hot Stocks12:14 EST Cytokinetics slips after Novartis CEO says M&A focus on 'bolt ons' - Shares of Cytokinetics (CYTK) have dropped during midday trading after Novartis' (NVS) CEO Vasant Narasimhan was asked by CNBC's Jim Cramer to comment if the company was interested in buying Cytokinetics, as had been reported yesterday afternoon by The Wall Street Journal. Narasimhan declined to comment on any specific potential deals, but said the company is focused on bolt-on acquisitions. "Our overall M&A strategy... is really to focus on sub $5 billion assets... Now we look at larger deals, which is why I think you see the media coverage, it's always something that we do and we have an obligation to do that, but what I really want to highlight is that while we look at larger deals, our M&A strategy is bolt ons," Novartis' CEO said during the earlier interview on CNBC. A bit after noon in New York, Cytokinetics shares are down $9.84, or 9%, to $98.22. Reference Link
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ILMN | Hot Stocks12:12 EST llumina sees FY24 results 'very similar' to FY23 - Comments taken from the JPMorgan Healthcare Conference.
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HPE | Hot Stocks12:00 EST HP Enterprise falls -7.4% - HP Enterprise is down -7.4%, or -$1.31 to $16.41.
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U | Hot Stocks12:00 EST Unity falls -7.6% - Unity is down -7.6%, or -$2.96 to $36.02.
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MATV | Hot Stocks12:00 EST Mativ falls -8.3% - Mativ is down -8.3%, or -$1.24 to $13.73.
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UP | Hot Stocks12:00 EST Wheels Up rises 9.4% - Wheels Up is up 9.4%, or 40c to $4.65.
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VNCE | Hot Stocks12:00 EST Vince Holding rises 16.9% - Vince Holding is up 16.9%, or 59c to $4.08.
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JNPR | Hot Stocks12:00 EST Juniper rises 21.5% - Juniper is up 21.5%, or $6.50 to $36.73.
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ACN | Hot Stocks11:40 EST Accenture agrees to acquire Work & Co; terms not disclosed - Accenture has agreed to acquire Work & Co, a global digital product company that "blends design, technology, and innovation to help companies create breakthrough products and experiences." Headquartered in New York, Work & Co's nearly 400 employees across the United States, Europe, and Latin America will join Accenture Song. Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.
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GIL | Hot Stocks11:23 EST Browning West requisitions special meeting of Gildan shareholders - Browning West is a significant, long-term shareholder of Gildan Activewear, beneficially owning approximately 5.0% of the Company's outstanding shares. Browning West issued a letter to shareholders announcing that it has requisitioned a Special Meeting of Shareholders for the purpose of providing shareholders an opportunity to reconstitute Gildan's Board of Directors. In the letter, Browning West disclosed that it has expanded its slate of director candidates to eight members and is now seeking to remove a majority of the sitting directors. The Special Meeting is proposed to be convened without delay and will allow shareholders to install the following individuals: Michael Kneeland, Glenn Chamandy, Michener Chandlee, Ghislain Houle, Melanie Kau, Peter Lee, Karen Stuckey, and J.P. Towner. The letter read in part, "Browning West is a significant and long-term shareholder of Gildan, owning approximately 5.0% of the Company's outstanding shares. We are pleased to announce that we have delivered a request to the Company to requisition a Special Meeting to be held without delay, which will provide shareholders an opportunity to reconstitute Gildan's Board. It is critical that the Board hold the Special Meeting expeditiously, because with each passing day the current state of uncertainty is risking permanent damage to Gildan stakeholders. As a reminder, since Mr. Chamandy's termination, Gildan's stock has underperformed the most relevant index by 20%, implying that each of the Company's Board members is already responsible for more than $1.2B of value destruction. Browning West has expanded its slate and is now seeking majority change in Gildan's boardroom because new information has come to light in recent days indicating that the Board is deeply entrenched and is entirely unresponsive to shareholder demands. We would like to explain the reasons why we have expanded our slate from five to eight director candidates, which would represent a majority of the Board. Browning West and eight other independent shareholders, representing approximately 35% of Gildan's outstanding shares, have expressed substantial concern over the Board's actions and called for the immediate reversal of the Board's significant missteps. Despite the unprecedented magnitude of shareholder demands, recent communications with the Board's representatives and the Board's own public statement have made it clear that the Board is far more entrenched than we had previously imagined. The urgent need for even more substantial change became apparent once we learned that the Board unanimously: will not consider the reinstatement of Glenn Chamandy as CEO, is committed to appointing Vincent Tyra to the CEO role, and is not willing to reconstitute the Board in a credible manner...We have urged the Board to refrain from taking further entrenchment actions and not employ tactics to unreasonably delay the Special Meeting. Any delay tactics will be a clear sign of further entrenchment, continued disregard for shareholders, and will increase the damage currently being inflicted on the Company and its stakeholders."
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MCAF | Hot Stocks11:07 EST Mountain Crest Acquisition Corp IV trading resumes
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BMEA | Hot Stocks11:07 EST Biomea Fusion announces anticipated 2024 corporate milestones - Biomea Fusion announced that Thomas Butler, Biomea Fusion's CEO and Chairman of the Board, will present recent clinical progress and 2024 corporate milestones at the 42nd Annual J.P. Morgan Healthcare Conference on Tuesday, January 9, 2024 from 8:15 am - 8:55 am PST. DIABETES: COVALENT-111: Anticipated 2024 Milestones: On track to complete escalation portion of COVALENT-111 and present 26-week data, five months after last dose of BMF-219, from cohorts that were dosed with BMF-219 for 28 days, at the Advanced Technologies and Treatments for Diabetes Meeting in March 2024. On track to finish enrolling three expansion cohorts of COVALENT-111 and provide initial data in 2024. COVALENT-112: Anticipated 2024 Milestones: Complete enrollment of the open label portion. On track to establish the initial proof of concept based on clinical data in type 1 diabetes patients treated in COVALENT-112 with BMF-219. ONCOLOGY: COVALENT-101: Anticipated 2024 Milestones: On track to complete dose escalation portion of COVALENT-101 in liquid tumors and establish recommended Phase II dose. COVALENT-102: Anticipated 2024 Milestones: On track to complete dose escalation portion of COVALENT-102 in solid tumors and establish recommended Phase II dose. COVALENT-103: Anticipated 2024 Milestones: On track to complete dose escalation portion of COVALENT-103 and establish recommended Phase II dose. FUSION SYSTEM DISCOVERY PLATFORM: Anticipated 2024 Milestones: On track to announce a third development candidate from the Biomea FUSION Platform technology.
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BA | Hot Stocks11:04 EST Boeing reports 371 airplane gross orders, 67 commercial deliveries in December - In its commercial aircraft operations, Boeing reports 371 airplane gross orders and 67 commercial deliveries in December, according to data posted to its corporate website. Boeing reports 1,576 year-to-date net orders, 1,314 year-to-date orders net of cancellations/conversions and 6,216 unfilled airplane orders as of December 31, 2023. Reference Link
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MCAF | Hot Stocks11:02 EST Mountain Crest Acquisition Corp IV trading halted, volatility trading pause
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BDX | Hot Stocks11:01 EST Becton Dickinson sees shifting of $30M of flu testing revenue from Q1 - The company said the quarter's sales growth played out as expected, "other than one dynamic with respect to the timing of the respiratory season." For the full year, the company continues to expect a normal sized flu season, but does see a timing shift which translates to the movement of approximately $30M of flu testing revenue from fiscal Q1 to the remainder of the year.
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RAD | Hot Stocks10:48 EST Rite Aid receives court approval for sale of Elixir Solutions to MedImpact - Rite Aid Corporation announced that the U.S. Bankruptcy Court for the District of New Jersey has approved the sale of the Company's Elixir Solutions Business to MedImpact Healthcare Systems, Inc., an independent pharmacy benefit solutions company. "We are pleased to receive this key approval toward the sale of our Elixir business to MedImpact," said Jeffrey S. Stein, Rite Aid's CEO and Chief Restructuring Officer. Stein continued, "We are continuing to make progress with our court-supervised process and are moving forward with our Rite Aid 2.0 Plan. We remain focused on providing leading healthcare products and services to the customers that we serve every day." The transaction is subject to certain customary closing conditions and is expected to close in the first quarter of 2024. Until closing, Elixir remains part of Rite Aid and will continue operating as normal.
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META | Hot Stocks10:24 EST Meta to restrict teen Instagram, Facebook accounts from seeing certain content - Meta announced that it will start to hide more types of content for teens on Instagram and Facebook, in line with expert guidance, including self-harm and eating disorder content. The company said it is automatically placing all teens into the most restrictive content control settings on Instagram and Facebook and restricting additional terms in Search on Instagram and is prompting teens to update their privacy settings on Instagram in a single tap with new notifications. "We want teens to have safe, age-appropriate experiences on our apps. We've developed more than 30 tools and resources to support teens and their parents, and we've spent over a decade developing policies and technology to address content that breaks our rules or could be seen as sensitive." Reference Link
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THRM | Hot Stocks10:08 EST Gentherm, SourceMark Medical announce expanded partnership - SourceMark announced an expanded partnership with Gentherm Medical. Building on the foundation of their relationship, SourceMark is now the master supplier of certain Gentherm patient warming product lines in the United States, including Astopad, a resistive warming system designed to prevent and treat hypothermia, Norm-O-Temp, a whole-body hyperthermia system, Gelli-Roll, a reusable warming and cooling gel pad, the WarmAir convective patient warming system, and FilteredFlo patient warming air blankets.
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UP | Hot Stocks10:06 EST Wheels Up, 5x5 Trading enter three-year services agreement - 5x5 Trading announced the launch of its aircraft brokerage and advisory business and signed a three-year strategic services agreement with Wheels Up. 5x5 Trading was founded by former leaders of the Wheels Up aircraft sales division, John Odegard, Seth Zlotkin and Chris Brenner, as well as seasoned aircraft management and sales leader, Jeremy Bogle. As part of the strategic services agreement, 5x5 Trading will be the exclusive provider of acquisition and disposition services for Wheels Up, provide expertise and input on fleet planning requirements, and support Wheels Up and Air Partner members and customers on aircraft transactions.
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QTWO | Hot Stocks10:05 EST Q2, Agent IQ expand partnership for personal digital engagement solutions - Q2 Holdings announced Agent IQ has extended its integration partnership to become a Q2 Strategic Alliance partner. Q2 will empower its sales organization to resell Agent IQ to Q2's bank and credit union customers. Agent IQ's, Lynq platform, enables financial institutions to harness the power of personal relationship banking. As an existing partner of the Q2 Innovation Studio with many successful implementations, Agent IQ's platform seamlessly integrates within the Q2 Digital Banking Platform, allowing customers to select and engage their own personal banker anytime and anywhere. The expanded relationship invites financial institutions to contract directly with Q2 when purchasing Agent IQ's Lynq.
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ALKT | Hot Stocks10:03 EST Alkami enters partnership with Chimney - Alkami Technology has partnered with Chimney. Through this strategic partnership, financial institutions can empower homeowners with the financial tools, data, and insights they need to manage their greatest financial asset within digital banking. Chimney provides homeowners with actionable advice about their home value, home equity, borrowing power, and personalized offers - regardless of which financial institution holds their mortgage. Until now, many financial institutions have relied on manual methods of activating property data, which restricted their ability to personalize loan offers and engage homeowners, who often leverage third-party real estate websites to track their home value and may be targeted with a competitive offer.
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VLTO | Hot Stocks10:02 EST Veralto's Trojan Technologies to sell Salsnes Filter business - Trojan Technologies announced their plan to sell the Salsnes Filter business to current and former members of the Salsnes management team, with an anticipated closing of the transaction in mid-January 2024. Following the closing, Salsnes Filter will be a standalone organization and no longer an affiliate of Trojan Technologies. The transaction will provide Salsnes-Filter with the opportunity to reinvest further in their solids separation filter technology to better serve the demands of the water treatment industry. Since 1991, Salsnes has been offering their solids separation filter technology and pursuing research, product development, testing, and quality initiatives. This focus and dedication have produced a highly efficient and reliable filter that maximizes solids separation, while dramatically decreasing costs including capital, operating, maintenance and land. With installations around the world and in a variety of municipal and industrial applications, the Salsnes Filter system is synonymous with eco-efficient solids separation technology. Salsnes Filter will remain at its current production facility in Salsnes Norway.
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FERG | Hot Stocks10:02 EST Ferguson announces acquisitions of Yorkwest Plumbing Supply, Grove Supply - Ferguson plc has signed definitive purchase agreements to acquire Yorkwest Plumbing Supply Inc. and Grove Supply, Inc., and closed on the acquisition of Harway Appliances. These acquisitions have aggregate annualized revenues of approximately $220M. Yorkwest's business operations will be integrated into Ferguson's subsidiary in Canada, Wolseley Canada. The acquisition of Harway Appliances closed on Jan. 8. The Yorkwest and Grove Supply acquisitions are expected to close in the next 90 days, subject to customary closing conditions including regulatory clearance of the Yorkwest acquisition.
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TZA | Hot Stocks10:01 EST Small Cap Bear 3x rises 5.6% - Small Cap Bear 3x is up 5.6%, or $1.17 to $22.24.
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AYI | Hot Stocks10:01 EST Acuity Brands rises 7.9% - Acuity Brands is up 7.9%, or $16.21 to $220.73.
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JNPR | Hot Stocks10:00 EST Juniper rises 21.9% - Juniper is up 21.9%, or $6.62 to $36.84.
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ASPN | Hot Stocks10:00 EST Aspen Aerogels falls -7.5% - Aspen Aerogels is down -7.5%, or -$1.09 to $13.41.
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HPE | Hot Stocks10:00 EST HP Enterprise falls -8.2% - HP Enterprise is down -8.2%, or -$1.46 to $16.26.
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LDI | Hot Stocks10:00 EST LoanDepot falls -9.4% - LoanDepot is down -9.4%, or -32c to $3.04.
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GRFS | Hot Stocks09:56 EST Grifols issues response to Gotham City Research report - Grifols, in response to a report published by Gotham City Research, said "Grifols acquired Haema AG on June 4, 2018 and Biotest US Corporation on June 1 and August 2018 for an amount of EUR 220 million and $286 million, respectively. Scranton Enterprises B.V., through its subsidiary Scranton Plasma B.V., purchased the 100% of the shares of Biotest and Haema. The assets purchased included 60 centers plasma and 1.7M liters of plasma collected. The global price for the purchase of the two companies, Biotest and Haema, was $538M, which is the same price paid by Grifols for the acquisition of these companies in August 2018 and in June 2018, respectively, in the third-party market. There is no variable amount subject to the achievement of any milestone. Under a management contract, Grifols continues to manage the plasma centers of Biotest and Haema, maintaining the same quality and safety standards that characterize it. Likewise, Grifols purchases all the plasma obtained in these companies." Grifols continued: "The contract for the sale and purchase of Biotest and Haema shares by Scranton includes an option purchase in favor of Grifols over all of the shares of said companies. This option grants Grifols an irrevocable and exclusive right to purchase. The purchase option can be exercised by Grifols at any time from the date effective sale, and simultaneously for both companies. The exercise price of the option is equal to the greater of: (i) the same price for which they were sold the shares to Scranton, adding the expenses related to the transaction and the increase of circulating capital from the moment of exercise of the option and the moment in which it is the sale occurred, and (ii) the amount necessary to pay off the debt contracted by Scranton with the financing entity of the transaction." It added: "Scranton Plasma B.V. (buyer), requested financing from credit institutions to be able to carry out the transaction. Grifols is not affected in any way by said loan, nor has it participated in its negotiation, nor does it have the power to refinance it and is not its guarantor."
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NUBI | Hot Stocks09:53 EST Nubia Brand International Corp trading resumes
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IEX | Hot Stocks09:48 EST Artemis completes sale of STC Material Solutions to IDEX - Artemis completed the sale of its portfolio company, STC Material Solutions to IDEX Corporation. STC is an advanced materials manufacturer based in St. Albans, VT. Across its Ceramic and Hermetic divisions, STC delivers unique advanced material solutions to a wide range of industries with particular focus on Aerospace, Defense, Medical, and Semiconductor markets.
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NUBI | Hot Stocks09:48 EST Nubia Brand International Corp trading halted, volatility trading pause
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TZA | Hot Stocks09:47 EST Small Cap Bear 3x rises 5.1% - Small Cap Bear 3x is up 5.1%, or $1.07 to $22.14.
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UNG | Hot Stocks09:47 EST United States Natural Gas Fund rises 6.0% - United States Natural Gas Fund is up 6.0%, or 36c to $6.37.
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JNPR | Hot Stocks09:47 EST Juniper rises 22.0% - Juniper is up 22.0%, or $6.65 to $36.87.
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KOLD | Hot Stocks09:47 EST ProShares UltraShort Bloomberg Natural Gas falls -5.9% - ProShares UltraShort Bloomberg Natural Gas is down -5.9%, or -$4.56 to $72.88.
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ES | Hot Stocks09:47 EST Eversource falls -6.2% - Eversource is down -6.2%, or -$3.92 to $58.95.
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LDI | Hot Stocks09:47 EST LoanDepot falls -9.5% - LoanDepot is down -9.5%, or -32c to $3.04.
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NEXI | Hot Stocks09:44 EST Neximmune Inc trading resumes
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ELTX | Hot Stocks09:44 EST Angion Biomedica Corp trading resumes
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ELTX | Hot Stocks09:39 EST Angion Biomedica Corp trading halted, volatility trading pause
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NEXI | Hot Stocks09:34 EST Neximmune Inc trading halted, volatility trading pause
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PBTS | Hot Stocks09:31 EST Powerbridge regains compliance with Nasdaq minimum bid price rule - Powerbridge Technologies has received a formal notice from The Nasdaq Stock Market dated January 8, 2024, stating that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) and that the Company is in compliance with all applicable listing standards. Reference is made to the form 6-K of the Company filed with the Securities and Exchange Commission on December 21, 2023 in relation to the deficiency of the Company's compliance with the Minimum Bid Price Rule and the Nasdaq's delisting decision. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Previous Disclosure. The Company appealed the Nasdaq's decision and was granted a hearing before the Nasdaq Hearings Panel. Since the Company has regained compliance, the hearing scheduled on March 14, 2024 has been canceled. The Company will remain under the Panel Monitor until June 27, 2024, imposed by a previous Nasdaq Hearings Panel's compliance letter dated June 27, 2023. The Company's stock will continue to be listed and traded on the Nasdaq.
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QRTEA | Hot Stocks09:31 EST The Outset skincare collection launches at QVC - QVC announced that The Outset, the skincare collection founded by Scarlett Johansson and beauty expert Kate Foster, will launch live on QVC on January 9th during "Girls Night In with Courtney and Jane" at 9pm ET.
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NBY SNOA | Hot Stocks09:23 EST NovaBay, Sonoma Pharmaceuticals to market Avenova-branded products in EU - NovaBay announced an agreement for the sale and marketing of Avenova-branded products by Sonoma in the European Union. The new products will combine Sonoma's existing eye product Ocudox, which has already received a Class IIB CE mark for sale in the European Union, with Avenova branding, and are expected to be marketed through Sonoma's established European distribution network. This agreement brings together NovaBay's deep knowledge of eye care reflected in its Avenova brand with Sonoma's expertise in distributing hypochlorous acid products overseas. Sonoma will manufacture Ocudox by Avenova with packaging similar to NovaBay's Avenova products, which are the leading hypochlorous acid-based eye care products in the U.S. Sonoma will pay NovaBay a royalty fee based on net product sales of Ocudox by Avenova, and Sonoma will continue to market its Ocudox product in the European Union.
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KYMR | Hot Stocks09:20 EST Kymera Therapeutics provides 2024 corporate goals - Kymera's corporate goals for 2024 include: Immunology Portfolio: Kymera is working to build an industry-leading oral immunology pipeline by leveraging its disease agnostic discovery platform, deep expertise gained through the development of its first-in-class IRAK4 program, and unique target selection strategy that focuses on genetically and clinically validated pathways, to build a portfolio of oral medicines with efficacy comparable to in-pathway biologics. Collaborate with Sanofi to complete enrollment of the KT-474/SAR444656 Phase 2 hidradenitis suppurativa and atopic dermatitis clinical trials, with topline data expected to be reported in the first half of 2025. KT-474 is an oral IRAK4 degrader, in development for the treatment of IL-1R/TLR-driven complex inflammatory diseases. Sanofi, which is collaborating with Kymera on the development of KT-474 outside of the oncology and immune-oncology fields, is conducting the Phase 2 studies. Kymera has an option after Phase 2 and prior to the first Phase 3 study to opt in and equally share development and commercialization costs and profits in the U.S. while retaining tiered royalties in the rest of the world. Initiate dosing in the KT-621 Phase 1 trial in the second half of 2024, with Phase 1 data expected to be reported in 2025 KT-621 has shown in preclinical studies to be a potent, oral degrader of STAT6, the only specific transcription factor responsible for IL-4/IL-13 signaling and the central driver of Type 2 inflammation in allergic diseases, with in vitro and in vivo efficacy similar or superior to dupilumab. KT-621 has potentially broad utility across a number of allergic diseases, including atopic dermatitis, asthma and chronic obstructive pulmonary disorder, among others. Complete activities to enable IND filing and initiate dosing in the KT-294 Phase 1 clinical trial in the first half of 2025, with Phase 1 data expected to be reported in 2025. KT-294 has shown in preclinical studies to be a potent oral degrader of TYK2, a member of the Janus Kinase family required for Type I interferon, IL-12 and IL-23 signaling with both genetic and clinical validation in autoimmune and inflammatory diseases. Degradation of TYK2 has the potential to overcome the challenges of small molecule inhibitors, which have limitations due to lack of selectivity, limited target engagement, and/or lack of potent activity. KT-294, with a potential biologic-like efficacy profile, has the opportunity to address conditions such as inflammatory bowel disease, psoriasis, psoriatic arthritis and lupus, among others. Oncology Portfolio: Kymera is progressing degrader programs in oncology that target undrugged or poorly drugged proteins in an effort to create new ways to fight cancer that improve the standard of care and have the potential treat both solid and liquid tumors. Complete the KT-333 Phase 1a study and deliver additional proof-of-concept data to inform the program's next development steps in 2024: KT-333 is designed as a potent degrader of STAT3, a transcriptional regulator that has been linked to numerous cancers as well as to inflammatory and autoimmune diseases. KT-333 is being developed for the treatment of STAT3-dependent hematological malignancies and solid tumors. At the American Society of Hematology annual meeting, the Company disclosed the first proof-of-concept data for single agent KT-333 anti-tumor activity in hematological malignancies as well as potential anti-tumor immuno-modulatory effects in both tumor biopsies and blood. Complete the KT-253 Phase 1a study and deliver proof-of-concept data, which will inform a patient stratification strategy for the program in 2024: KT-253 is a highly potent and selective degrader that targets MDM2, the crucial regulator of the most common tumor suppressor, p53. A Phase 1 study of KT-253 is ongoing, with one arm in patients with relapsed or refractory solid tumors and lymphomas, and a second arm focused on patients with high grade myeloid malignancies and acute lymphocytic leukemia. Interim data from the study demonstrated evidence of target engagement and p53 pathway activation, as well as initial antitumor activity and a lack of the traditional hematological toxicity seen with small molecule inhibitors. Kymera is working to develop a biomarker-based patient selection strategy for subsequent development beyond Phase 1a. Research and Platform: Continue to advance, from early discovery through preclinical development, a series of high value programs in areas of unmet need with large patient populations and target classes best suited for TPD
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KYMR | Hot Stocks09:18 EST Kymera Therapeutics sees cash runway into 1H27 - "Kymera has taken important steps toward our goal of building a fully integrated, global biotechnology company, demonstrating our ability to consistently deliver first- and best-in-class programs that target validated pathways with the potential to address large, underserved disease areas and create significant value for patients and shareholders," said Nello Mainolfi, Ph.D., Founder, President and CEO, Kymera Therapeutics. "We're building an industry-leading oral immunology portfolio, beginning with our IRAK4 degrader, KT-474, which we expect to complete enrollment in two Phase 2 studies later this year, and continuing with our recently announced oral STAT6 and TYK2 degrader programs, which have the potential to revolutionize how we treat many immuno-inflammatory diseases using oral medicines with biologics-like efficacy. In addition, we are advancing our two novel oncology programs targeting STAT3 and MDM2, both of which we expect to deliver additional proof-of-concept data and comprehensive Phase 1 data in 2024, giving us multiple clinical catalysts in the year ahead. Importantly, we have in excess of $745 million of cash1, providing expected runway now into the first half of 2027. This will enable us to deliver the next stage of the company's growth and is expected to take the company past our Phase 2 data for KT-474, our oncology proof-of concept readouts, and several clinical inflection points for our two recently-announced immunology programs, STAT6 and TYK2."
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SNOA NBY | Hot Stocks09:21 EST Sonoma Pharmaceuticals, NovaBay enter sales, marketing agreement - NovaBay Pharmaceuticals (NBY) and Sonoma Pharmaceuticals (SNOA) announced an agreement for the sale and marketing of Avenova-branded products by Sonoma in the European Union. The new products will combine Sonoma's existing eye product Ocudox, which has already received a Class IIB CE mark for sale in the European Union, with Avenova branding, and are expected to be marketed through Sonoma's established European distribution network. This agreement brings together NovaBay's deep knowledge of eye care reflected in its Avenova brand with Sonoma's expertise in distributing hypochlorous acid products overseas. Sonoma will manufacture Ocudox by Avenova with packaging similar to NovaBay's Avenova products, which are the leading hypochlorous acid-based eye care products in the U.S. Sonoma will pay NovaBay a royalty fee based on net product sales of Ocudox by Avenova, and Sonoma will continue to market its Ocudox product in the European Union.
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RGA | Hot Stocks09:16 EST Reinsurance Group announces investment in, partnership with DigitalOwl - Reinsurance Group announced a strategic investment and exclusive global life and health reinsurance partnership with DigitalOwl, an insurance technology company that utilizes advanced artificial intelligence to interpret and transform medical records into a comprehensive and interactive Digital Underwriting Abstract.
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ACRX | Hot Stocks09:13 EST AcelRx changing its name to Talphera - AcelRx announced the rebranding of the company, with a name change to Talphera. The rebrand decision was made to reflect the company's strategy of developing and commercializing products to support advancing care to optimize outcomes in medically supervised settings, moving beyond the original focus on acute pain. Talphera will commence trading on the Nasdaq Global Market under the ticker symbol "TLPH" effective January 10. The company's lead nafamostat product candidate, Niyad, is expected to have a Premarket Approval submission to the FDA in the second half of 2024. The name Talphera was derived from "Talisman". The company's new mission at Talphera is to support healthcare providers by developing and commercializing products in medically supervised settings that deliver advances in care to patients. Talphera expects to initiate the registrational study of Niyad shortly. The study has already received central Institutional Review Board approval. The first patient is expected to be enrolled for the NEPHRO study in Q1
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CE | Hot Stocks09:12 EST Celanese begins carbon capture and utilization operations at Clear Lake, Texas - Celanese Corporatio announced it has begun running a carbon capture and utilization or CCU project at its Clear Lake, Texas, site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd. The project is expected to capture 180,000 metric tons of CO2 industrial emissions and produce 130,000 metric tons of low-carbon methanol per year. Celanese is actively leveraging CCU to offer low-carbon options across its Acetyl Chain and Engineered Materials products to help global customers meet the growing demand for more sustainable and circular solutions. The products will be launched under the ECO-CC name and be transparently supported through mass balance tracking and life cycle assessment processes. Unlike the more commonly referenced carbon capture and sequestration (CCS), where captured CO2 emissions are injected into and stored in the ground, CCU fosters circularity by using CO2 emissions to create products that can reduce the need for fossil fuels
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TTEK | Hot Stocks09:11 EST Tetra Tech announces $34M USAID single-award land/resource contract - Tetra Tech announced that the U.S. Agency for International Development or USAID has awarded the Company a $34M, single-award contract to advance sustainable economic development through improved land rights governance. Under the global USAID Integrated Land and Resource Governance II project, Tetra Tech will develop and implement land and property rights policies that protect ecosystems, catalyze private sector investments, and benefit vulnerable populations, particularly securing women's rights. Our technical specialists will conduct data-driven research, implement conflict mitigation tools, and deploy innovative technology to document land rights in rural and remote areas. Tetra Tech also will facilitate strategic partnerships to institute anticorruption reforms and develop effective systems and policies that advance equitable and resilient communities. "Establishing secure and documented property rights is essential for inclusive economic growth, environmental sustainability, and food security," said Dan Batrack, Tetra Tech Chairman and CEO. "Tetra Tech is pleased to continue supporting USAID to expand global land and resource governance systems as part of our commitment to improve 1 billion lives through our projects by 2030."
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MU | Hot Stocks09:07 EST Micron unveils LPDDR5X-based LPCAMM2 Memory - Micron Technology unveiled the industry's first standard low-power compression attached memory module available in capacities from 16GB to 64GB, which delivers higher performance, energy-efficiency, space savings and modularity for PCs. Sampling now with production in the first half of 2024, LPCAMM2 is the first disruptive new form factor for client PCs since the introduction of small outline dual inline memory modules in 1997. Micron's LPDDR5X DRAM incorporated into the innovative LPCAMM2 form factor will provide up to 61% lower power and up to 71% better performance for PCMark 10 essential workloads such as web browsing and video conferencing, along with a 64% space savings over SODIMM offerings.
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MTTR | Hot Stocks09:07 EST Matterport's 3D Property Marketing selected by The Ivy Collection - Matterport announced that The Ivy Collection, one of the UK's leading restaurant brands, selected Matterport's 3D Property Marketing solution to help customers experience its private dining spaces virtually, to streamline event planning, and maximize customer satisfaction. As part of the brand revamping its website, The Ivy Collection digitized 50 of its private dining rooms with Matterport's digital twin technology. This has allowed clients to virtually walk through the space and experience the room as it is, helping set client expectations for those unable to see the venue physically, and increasing trust among clients.
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RR | Hot Stocks09:06 EST Richtech Robotics unveils advanced AI capabilities for ADAM solution - Richtech Robotics announces its advanced AI capabilities for its robotic solution ADAM at the Consumer Electronics Show 2024 held in Las Vegas January 9th-12th, in the North Hall, booth 9335. Richtech Robotics believes these advancements will revolutionize ADAM's capabilities beyond its role as a robot bartender, barista, or boba tea maker, enabling it to engage in conversations with customers and emulate human actions with accuracy. "This technology not only addresses the current labor challenges but enhances the guest experience, making the robots more engaging and interactive," said Matt Casella, Richtech Robotics' President. "Our goal is to alleviate the labor burden, enabling restaurants and bars to support their current staff while focusing on other areas of their business, helping them to grow, scale, and improve their bottom line."
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ITHUF | Hot Stocks09:06 EST iAnthus enters strategic partnership with Gron Edibles - iAnthus Capital Holdings nnounces a strategic partnership to bring Gron, a woman-owned producer of handcrafted cannabis-infused edibles to the New Jersey market.The initial launch of Gron Sugar-Coated Pearl gummies is now available at all MPX-NJ locations and across dispensaries throughout New Jersey. Under this partnership, Gron will produce its full range of acclaimed edible products at the iAnthus Pleasantville, NJ facility, ensuring the highest standards of quality and safety for the customers of New Jersey. The Gron expansion strategy allows the brand's team of experts to oversee the production in New Jersey, ensuring product consistency across the highly coveted and growing cannabis market. The collaboration will see the launch of Gron wholesale operations in the state, along with overseeing a steady roll-out of new products available to New Jersey customers, while providing enhanced marketing support to amplify the position of both businesses across the state. The partnership advances expansion plans for Gron in New Jersey and establishes a hub on the East Coast for the company's future growth. Gron edibles will debut in New Jersey with the launch of Sugar-Coated Pearls, made with natural fruit flavors and infused with cannabis extract. The 10-pack of pearls are available in six flavors and a variety of unique cannabinoid ratios including, CBD, CBN, and THC that offer a wide range of effects for every consumer preference. In 2024, Gron will continue expanding its product offering with the launch of a full range of edible products specifically catering to diverse consumer preferences and tailored to the local market trends.
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DSX | Hot Stocks09:05 EST Diana Shipping announces continuation of time charter for m/v Amphitrite - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$12,250 per day for the first thirty (ays of the charter period and US$15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum November 15, 2024 up to maximum January 15, 2025. The new charter period is expected to commence on January 12, 2024. The "Amphitrite" is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.
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CWAN | Hot Stocks09:05 EST Clearwater Analytics announces two executive appointments - Clearwater Analytics appointed Shane Akeroyd as its Chief Strategy Officer - CSO - and Ann-Sophie Skjoldager Bom as the Sales Director responsible for Strategic Asset Management clients. Prior to joining Clearwater Analytics, Akeroyd was President and Global Head of Account Management at IHS Markit, led IHS Markit's team in the Asia Pacific region, and managed the firm's relationships with its largest global accounts. Prior to IHS Markit, Akeroyd held executive level positions at RBC Capital Markets and also held executive and senior level roles at TD Securities, Bear Stearns, and Bank of America. Prior to joining Clearwater, Skjoldager Bom led SimCorp's sales team in North America. Prior to that, she was head of Legal responsible for all commercial and legal negotiations in the North American market.
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CCLD | Hot Stocks09:04 EST CareCloud Complete platform adopted by Sleep Advantage - CareCloud announced Sleep Advantage, a provider of sleep therapy in the Seattle area, is adopting the comprehensive CareCloud Complete platform to streamline operations and enhance patient care. This move represents a significant step forward for Sleep Advantage, replacing their paper-based electronic health record system with CareCloud's intuitive and feature-rich solution. CareCloud Complete encompasses CareCloud Charts, a robust EHR system for patient encounters, charts, and configurable templates, along with CareCloud Central, a powerful practice management solution for medical billing, workflow optimization, scheduling, and insurance verification. "We were looking for a way to improve efficiency and effectiveness in our billing and scheduling while maintaining a simple and templated approach," says Jemma Bockenkamp, chief operations officer at Sleep Advantage. "CareCloud stood out with its user-friendly interface, comprehensive functionality, and proven track record in the healthcare industry. Having prior experience with CareCloud myself, I'm confident it will be the perfect fit for our practice."
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CART... | Hot Stocks09:04 EST Instacart: Google Shopping ads accessible to Instacart's advertising partners - Instacart (CART) and Google (GOOG, GOOGL) announced Google Shopping ads are now accessible to Instacart's advertising partners, leveraging the company's retail media data. With this expansion, CPG partners on Instacart, including Danone's Oikos, Kraft Heinz brands: Kraft, Lunchables, Oscar Mayer, and Philadelphia, as well as Publicis Media's CPG clients can activate Google Shopping ads, powered by Instacart's first-party retail media data and closed-loop insights, to reach high-intent consumers searching on Google and get their products into consumers' hands in as fast as an hour.
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CREX | Hot Stocks09:03 EST Creative Realities to exhibit at NRF 2024: Retail's Big Show - Creative Realities is set to make its debut as an exhibitor at NRF 2024: Retail's Big Show, held at the Jacob K. Javits Convention Center in New York City. The event, running from January 14-16, is a significant platform for the retail industry, and Creative Realities is excited to contribute to showcasing best-in-class digital signage solutions for both Retail and Food and Beverage environments. Creative Realities marks a significant milestone this year by debuting at NRF with two exhibits. One spotlight will be on the newly introduced Food Service Innovation Zone, a dedicated exhibit area that showcases the latest technologies behind Quick Service Restaurants, covering front-of-house, back-of-house, ordering systems and more. Creative Realities will bring this to life on the tech stage, demonstrating a connected drive-thru experience - complete with a pre-order screen, a distinctive canopy with audio, an exterior digital menu board array and interior digital menu boards - all intended to simulate exactly how drive-thru and walk-in customers would order. The content featured across the screen activations is also created by Creative Realities and reflects actual content from existing customers like Panera Bread and Freddy's Steakburgers.
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VZIO | Hot Stocks09:03 EST TuneIn brings its global radio service to VIZIO smart TVs - TuneIn announced today that listeners can now stream their favorite audio content on VIZIO. The TuneIn app's complete catalog of over 90,000 global radio stations, podcasts, audiobooks and more is now available on-demand to millions of users through the app row on VIZIO Smart TVs. "As the TV is the focal point of the home, VIZIO users can continue to enhance their streaming experience by accessing music, sports, news, podcasts and more through services like TuneIn," said Seta Goldstein, Senior Director of Business Development and Partnerships at VIZIO. "We are excited to offer our users an expanded range of 90,000+ radio stations quickly and easily from their VIZIO TVs."
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LPLA | Hot Stocks09:02 EST LPL Financial: Helmsman Financial joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor Peter Manning, CPA, PFS of Helmsman Financial Strategies has joined LPL Financials' broker-dealer, RIA and custodial platforms. The firm reported serving about 200 individual clients with approximately $175M in advisory assets and joins LPL from Cambridge.
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CHDN | Hot Stocks09:02 EST Churchill Downs announces multi-year partnership with Sports Illustrated - Churchill Downs announced a multi-year partnership between Churchill Downs Racetrack and Sports Illustrated for exclusive naming rights of a new luxury dining experience, Club SI, ahead of the historic 150th running of the Kentucky Derby on Saturday, May 4, 2024. Originally planned as the 1895 Club, Club SI is scheduled to debut on Opening Night of Derby Week and offer guests a modern, sophisticated race day experience. Club SI will debut as part of the $200 million renovated Paddock Project at Churchill Downs for the upcoming 150th Kentucky Derby and offer a new luxury equine-focused dining experience with an immersive view of the all-new Paddock and Paddock Runway giving guests unparalleled behind-the-scenes experiences. "As we approach the 150th Kentucky Derby, we are thrilled to partner with a brand as iconic as Sports Illustrated to offer guests an enhanced way to enjoy this incredible anniversary event," said Mike Anderson, President of Churchill Downs Racetrack. "Sports Illustrated shares our goal of combining exciting sports moments with upscale entertainment, and Club SI will provide the perfect space to achieve this."
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RICK | Hot Stocks09:02 EST RCI Hospitality reports Q1 Club & Restaurant sales - RCI Hospitality Holdings reported sales for its Nightclubs and Bombshells restaurants of $73.3M, an increase of 5.9% year over year, for the fiscal first quarter ended December 31, 2023. Sales do not include non-core operations and are preliminary and subject to final closing. Full 1Q24 financial results are expected before February 9. Eric Langan, President & CEO of RCI, said: "First quarter sales benefited from acquisitions and new locations. While same-store sales declined year-over-year, the trend improved over the course of the quarter, as we had hoped, due to the strength of Nightclubs, which is a good sign. During December, I spent more than two weeks visiting our clubs in Houston, Colorado, Miami, and New York, talking to guests, entertainers, and our teams. The consensus was that we have hopefully seen the worst of the same-store sales decline from uncertain macroeconomic conditions and tough year-over-year comparisons. Everybody seemed more optimistic compared to what they were seeing late summer. That's promising."
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SGD | Hot Stocks09:01 EST Safe and Green Development announces strategic property monetization initiative - Safe and Green Development Corporation announces that it will strategically look to monetize its real estate holdings throughout 2024. The company has already initiated this strategy with the previously announced Contribution Agreement of Lago Vista wherein the property is valued at $11.5M as an equity interest in the development. David Villarreal, President & CEO of Safe and Green Development Corporation stated, "Over the past three years we have worked diligently to garner valuable entitlements on the land we have acquired. We will analyze certain markets to determine how we can best monetize the appreciation of the land value. We believe this strategy will enable us to align our focus with minimal dilution to our shareholder base."
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NEOG | Hot Stocks09:00 EST Neogen down 9% at $18.00 after Q2 results, FY24 guidance cut
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KULR | Hot Stocks08:48 EST KULR Technology reduces workforce by 15% amid streamlining efforts - KULR Technology Group has reduced its total workforce by approximately 15%. The changes come as KULR works to allocate resources to its key business priorities servicing recurring aerospace and defense contracts while also focusing on improving the profitability of its commercial customer engagements as the Company targets operational breakeven in Second Quarter 2024. KULR streamlined operations at its headquarters in San Diego, California while continuing to focus on the KULR ONE Design Solutions testing platform and scaling R&D initiatives at its existing facility in Webster, Texas, a suburb of Houston.
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NVRO | Hot Stocks08:46 EST Nevro announces restructuring plan, 5% workforce reduction - In a regulatory filing, Nevro announced that on January 6, 2024, the company approved a restructuring plan that includes laying off 63 employees, which represented approximately 5% of the company's total number of employees. The Restructuring affects employees in corporate, sales and marketing, and operations positions but is largely focused on internally facing roles within the company. This action was taken to support the company's strategy and allow it to focus its investments to further position the company for long-term growth and profitability. The company expects the Restructuring to have a $14M-$15M positive impact on its full-year 2024 adjusted EBITDA, which will be largely offset by normal operating expense increases, including inflation, merit increases and other acquisition-related expenses. In addition, GAAP operating expenses in the first quarter of 2024 will reflect a $5M-$6M restructuring charge, consisting of one-time severance and other termination benefit costs. The company expects that the Restructuring, including related cash payments, will be substantially complete by the end of the first quarter of 2024.
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SKYX | Hot Stocks08:43 EST SKYX Platforms to debut smart home platforms technologies at CES - SKYX Platforms announced that SKYX will debut its patented new smart home platform technologies - including its all-in-one smart home platform - at CES 2024 opening today, January 9th through the 12th in Las Vegas. The patented, disruptive all-in-one smart platform enables new and existing homes to become smart instantly.The All-In-One Smart Platform significantly saves lives, time and cost while simplifying the process of making a smart home. The smart platform installs to the ceiling within seconds through its patented Sky ceiling plug-in outlet.
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CASA | Hot Stocks08:41 EST Casa Systems unveils AurusXT 5G Industrial IoT Router Series - Casa Systems announced the launch of the first solution in its AurusXT 5G Industrial IoT Series, the NTC-500 5G IIoT router, which leverages the speed and coverage of a 5G network to provide high-speed Ethernet-to-cellular connectivity. Casa's NTC-500 is the first 5G IIoT router to support dynamic network slicing capabilities, allowing operators to provide new and tailored services to their enterprise customers. Casa's AurusXT Series will offer a range of 5G IIoT devices designed to deliver reliable connectivity to a broad range of both fixed and mobile use cases. The NTC-500 is the first of the AurusXT Series to disrupt the IIoT market with a cost-effective 5G IIoT Router that utilizes the speed and coverage of a 5G Sub-6 GHz network to deliver a fast and reliable connection to machines, equipment, and vehicles.
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SIDU | Hot Stocks08:40 EST Sidus achieves AI and hardware contract milestones amid launch approach - Sidus Space achieves critical Artificial Intelligence, AI and hardware contract milestones as the Company prepares for the commencement of its satellite constellation scheduled for launch in March 2024 with LizzieSat-1 as part of SpaceX's Transporter-10 mission from Vandenberg Space Force Base, California. Notable recent achievements include the successful delivery of an engineering unit supporting methane detection, day-in-the-life testing for hardware, and the launch of a beta-version vessel detection platform. Additionally, the successful completion of a Critical Design Review for hardware under a NASA Phase 2 Sequential award demonstrates Sidus Space's experienced adherence to and understanding of NASA standards. Future plans include delivering FeatherBox flight units to support methane detection, delivering engineering units for continued testing under the NASA Phase 2 Sequential Award, and conducting essential ground testing of pre-processing algorithms for Near-Infrared (NIR) and Short-Wave Infrared SWIR sensors. Jeremy Allam, Vice President of AI Products at Sidus Space, emphasized the Company's commitment to innovation, stating, "These milestones underscore our dedication to cutting-edge AI technology solutions that reshape
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AENT | Hot Stocks08:39 EST Alliance Entertainment's COKeM exceeds sales forecast for Arcade1UP products - Alliance Entertainment announced its COKeM gaming division reported sales of the popular Arcade1Up home arcade machines that exceeded initial forecasts in the calendar fourth quarter of 2023. "Sales of Arcade1Up products performed well and exceeded expectations during the 2023 holiday season," said Ken Glaser, Alliance Entertainment SVP of Sales. "Throughout 2023, the team worked hard to right-size our arcade inventory levels which began 2023 at $54.3 million. 2023 year ending arcade inventory stood at $17.4 million. There was also more than $20 million in new arcade inventory purchased in 2023 to support the holiday sales, and our strategy and focus this year is on profitable sales growth with our growing arcade customer base. Success during the holiday season can be attributed to aggressive sales and advertising campaigns, working hand-in-hand with Arcade1up to drive consumers to our retail partners and our alignment with key e-commerce retailers, including Amazon, Best Buy, Kohl's, Target, Walmart, Wayfair, QVC/HSN, Dell and more. This year's hot holiday items in the arcade category included the Infinity Game Table, the award-winning digital tabletop gaming experience by Arcade1Up. Infinity Game Table and its recently released companion 'Infinity Game Board' brings digital versions of iconic classics, new favorites, and an ever-growing library of games. Also, the introduction of the riserless "Deluxe" Arcade Cabinets, which include best sellers Pac-Man, Ms. Pac-Man/Galaga Class of 81, Mortal Kombat and more were launched mid-year 2023. These core titles are expected to show sales growth of more than 60% in 2024. With a more focused approach and consistent market pricing on 'core' arcade SKU's, we expect there to be a renewed interest and excitement around the assortment in the coming year," concluded Glaser.
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LVO | Hot Stocks08:39 EST LiveOne provides update for its $10M share repurchase program - LiveOne provided today certain updates for its ongoing $10M stock repurchase program. Under the stock repurchase program LiveOne's management has the discretion to buy back shares of common stock of LiveOne and/or PodcastOne. LiveOne owns ~80% of PodcastOne's outstanding common stock. Robert Ellin, Chairman and CEO of LiveOne, commented, "As previously announced, we are continuing to repurchase shares of our common stock in the open market. We strongly believe our shares are grossly undervalued and our actions are intended to maximize shareholder value. Our month-over-month increasing recurring cash flows have enabled us to retire outstanding liabilities and debt, and we believe this is the best use of our excess cash."
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IMAX | Hot Stocks08:39 EST Imax announces 2023 global box office of $1.06B - Imax soared to $1.06B in global box office in 2023 - the second highest grossing year in the company's history - powered by a diverse portfolio of awe-inspiring experiences across Hollywood and local language films, concerts, and live events. IMAX drove 24.4% growth in global box office over 2022 and programmed a record 98 new films worldwide in the year. Christopher Nolan's "Oppenheimer" - the Filmed for IMAX epic that took home five awards during Sunday's Golden Globes - was the top grosser with $183.2M. The IMAX global technology platform further distinguished itself from exhibitors in 2023, as IMAX global box office increased 2% over its 2017-2019 average compared to an estimated -21% decline for exhibitors worldwide.
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ICU | Hot Stocks08:39 EST SeaStar Medical issued U.S. patent with claims covering use of SCD - SeaStar Medical Holding Corporation announces the issuance of U.S. Patent No. 11,866,730 with broad claims directed to methods of using the Selective Cytopheretic Device, SCD, to treat subjects with inflammatory conditions and to process activated leukocytes and platelets. The SCD is a first-in-class, cell-directed extracorporeal therapy that selectively targets highly active inflammatory cells to quell the inflammatory response. "This patent significantly fortifies our intellectual property portfolio and is highly supportive of our strategy to validate our technology's application across multiple high-value clinical indications in which hyperinflammation plays a role," said Eric Schlorff, CEO of SeaStar Medical. "Regardless of its source, uncontrolled hyperinflammation can lead to vital organ damage and even death. Our SCD therapy works to selectively target the most highly activated cells responsible for inflammation to bring activated cells into a reparative state. This can stop the potential damage of over-activated cells and potentially reverse the damage they cause."
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CLPS | Hot Stocks08:38 EST CLPS acquires College of Allied Educators in Singapore - CLPS, through its wholly-owned subsidiary CLPS Technology Singapore, has acquired 100% of the equity of College of Allied Educators, or CAE, a Singapore-based learning institution established in 2004 and located in Singapore's Central Business District. CLPS will leverage its background in education and training to provide comprehensive resource support to CAE, encompassing faculty input, IT-related course offerings, and internship opportunities, among other initiatives.
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NRBO | Hot Stocks08:38 EST NeuroBo Pharmaceuticals regains Nasdaq compliance - NeuroBo Pharmaceuticals announced that on January 8, it received formal notice from The Nasdaq Stock Market indicating that the company has regained compliance with Nasdaq's minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and otherwise satisfies all other applicable criteria for continued listing on The Nasdaq Capital Market. As a result, the listing matter has been closed.
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NXGL | Hot Stocks08:38 EST NexGel subsidiary begins 12,000 square foot expansion of Texas facility - NEXGEL announced a 12,000 square foot expansion of its CG Converting and Packaging facility in Granbury, Texas. The expansion will support the expected growth in product demand from its new strategic partnerships as well as continued growth of NEXGEL's own branded products. The expansion is expected to be completed during the second quarter of 2024. The expansion is funded by the landlord and lease terms will be adjusted to reflect the increase in square footage. The Company is purchasing new automation equipment, which will be financed, to support the expected growth in product demand. Adam Levy, CEO of NEXGEL, commented, "Ahead of the increase in demand we expect from important partnerships like AbbVie and STADA in the summer of 2024, we are pleased to find a mutually beneficial agreement with our landlord at our Texas facility. This expansion will allow us to handle the expected increased volumes of material, provide more efficient fulfilment and shipping services, and increase our overall capacity and efficiency. We have already broken ground and expect to complete the project and be operational well ahead of when we expect these orders to scale."
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ATOS | Hot Stocks08:37 EST Atossa Therapeutics issues letter to shareholders - Atossa Therapeutics announces the issuance of the following Letter to Shareholders from Steven Quay, M.D., Ph.D., the Company's President and Chief Executive Officer: "2023 marked another year of significant progress for Atossa. There are now four Phase 2 trials underway investigating our proprietary-endoxifen, with primary data expected from two of these trials in the second half of this year. We also initiated important research with Weill Cornell Medicine that could fundamentally transform treatment options for patients diagnosed with one of the most aggressive and deadly forms of breast cancer. Our study that is furthest along is the Phase 2 Karisma-Endoxifen trial, which reached full enrollment in November 2023... Simply put, breast density is a health crisis. Almost half of the women in the world over the age of 40 have dense breasts and this condition not only makes mammograms far less effective, but it also significantly increases the likelihood that a woman will develop breast cancer in their lifetime. Adding to the issue is the fact that there are currently no approved treatments to reduce breast density... Late last year we announced a second breast cancer prevention study, which is investigating (Z)-endoxifen in women diagnosed with Ductal Carcinoma In Situ. Participants receive six months of treatment with the intent of determining their suitability for long-term active surveillance without surgery.... In the continuum of invasive breast cancer, our mammographic breast density and DCIS trials are prevention studies. We also have two ongoing Phase 2 trials investigating (Z)-endoxifen in the neoadjuvant treatment setting, which is the window of time between the diagnosis and the primary treatment.... Our EVANGELINE study is much larger with an enrollment target of 175 patients. Another important distinction is that patients in the EVANGELINE study are being treated with a higher daily dose of (Z)-endoxifen. As we communicated last year, the study commenced with a 40mg pharmacokinetic (PK) run-in cohort...Beyond the progress made in our four ongoing Phase 2 studies this year, we also initiated important research with Weill Cornell Medicine to study the potential of inducing estrogen receptor expression in triple-negative breast cancer... As important as 2023 was for our Company, 2024 promises to be an opportunity for unparalleled progress. Fortunately, we are well positioned to take advantage of the opportunities that lie ahead... As we continue to believe that our current share price and the long-term prospects of our business present an attractive and strategic buying opportunity, the Atossa Board of Directors recently extended the share repurchase program authorization through December 31, 2024. The authorization continues to be for the purchase up to $10 million of our common stock, inclusive of purchases made in 2023."
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SLP | Hot Stocks08:37 EST Simulations Plus teams with NEU and The TIM Company through new FDA grant - Simulations Plus announced that, through a joint proposal with Northeastern University and The TIM Company, it has been awarded a new funded grant from the U.S. Food and Drug Administration FDA . The project will aid in the understanding of oral modified-release MR formulations and advance the development and approval of generic oral MR drug products through the combination of novel in vitro testing and mechanistic modeling and simulation. For this award, Dr. Jie Shen, Associate Professor of Pharmaceutical Sciences, and her lab at Northeastern University, along with partners at The TIM Company, will generate in vitro data characterizing the critical quality attributes CQAs and dissolution of multiple strengths of MR formulations. The newly generated data will be used to parameterize physiologically based pharmacokinetic/physiologically based biopharmaceutic PBPK/PBBM models predicting clinical pharmacokinetics of those MR formulations following their oral administration. The combination of in vitro and in silico studies will support the identification of the appropriate factors to scale the MR formulation for additional strengths, and to identify the CQAs and formulation design spaces for oral MR tablets. "This collaboration is an exciting step forward, as we combine our PBPK/PBBM modeling and simulation expertise with Northeastern University's research excellence and The TIM Company's groundbreaking tiny-TIMsg model," said Dr. Xavier Pepin, Associate Vice President, Regulatory Strategies and lead investigator for this grant for Simulations Plus. "Together, we are charting a course towards more efficient drug development and safer healthcare solutions. We believe the comprehensive framework established through this collaboration will have value for both the FDA and the companies involved in developing oral MR formulations."
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IINN | Hot Stocks08:36 EST Inspira Technologies to launch single-use blood oxygenation kit - Inspira Technologies announced its plan to launch a single-use disposable blood oxygenation kit, currently in development, for its INSPIRA ART medical device series. The Kit is also intended to be compatible with various other life support machines, tapping into the disposable perfusion systems market. The Kit, anticipated to be submitted for FDA authorization in 2025, is a single-use product designed for efficient blood oxygenation and carbon dioxide removal. The Kit represents a strategic move to enhance hospital budget spending by potentially reducing costs. The company is focusing on making the Kit compatible with other medical devices such as certain types of cardio-pulmonary bypass machines.
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ACI KR | Hot Stocks08:36 EST Albertsons provides update on merger agreement with Kroger - Albertsons (ACI) said, "On October 13, 2022, the Company entered into an Agreement and Plan of Merger with The Kroger Company (KR) and Kettle Merger Sub, Inc. Under the terms of the Merger Agreement, Kroger (through Kettle Merger Sub, Inc.) will acquire all of the outstanding shares of the Company's common stock for total consideration of $34.10 per share, reduced by the special cash dividend of $6.85 per share paid on January 20, 2023 (the "Merger"). Details regarding the Merger Agreement and the transactions contemplated by the Merger Agreement can be found in the Form 8-K filed on October 14, 2022 and the joint press release issued by the Company and Kroger on October 14, 2022. In connection with the Merger, on September 8, 2023, the Company and Kroger announced that the parties had entered into a definitive agreement, dated September 8, 2023, with C&S Wholesale Grocers, LLC ("C&S") for the sale of select stores, banners, distribution centers, offices and private label brands to C&S. Also on September 8, 2023, Kroger notified the Company that, in accordance with the Merger Agreement, Kroger intends to sell the SpinCo Business (as defined in the Merger Agreement) to C&S. As a result, the creation of SpinCo and spin-off previously contemplated by the Company and Kroger is no longer a requirement under the Merger Agreement and will no longer be pursued by the Company and Kroger. Details regarding the definitive agreement with C&S can be found in the Form 8-K filed on September 8, 2023 and the joint press release issued by the Company and Kroger on September 8, 2023."
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AKBA | Hot Stocks08:35 EST Akebia names Nicholas Grund as Chief Commercial Officer - Akebia Therapeutics announced the appointment of Nicholas Grund as Chief Commercial Officer. Grund is a seasoned pharmaceutical executive with significant operational, commercial and strategic leadership experience across renal and specialty markets. Prior to joining Akebia, Grund served as President of Eurofins Transplant Genomics where he steered organizational change and facilitated continuous operating efficiency improvements and revenue growth. He was also Chief Commercial Officer of AMAG Pharmaceuticals where he managed commercial activities across four business units.
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SABR | Hot Stocks08:34 EST Sabre, IAG expand partnership - Sabre has entered into a multi-year distribution agreement with International Airlines Group that will expand their existing partnership and further promote modern travel retailing practices. The agreement will allow Sabre-connected travel buyers and agencies to sell traditional EDIFACT content as well as having competitive access to NDC offers from British Airways, Iberia, Aer Lingus and Vueling - including Additional Price Points and ancillaries - through the Sabre travel marketplace globally. This enhanced content will provide travel agencies with a wider range of options to compare and shop for, while travelers will benefit from an improved experience with more choice and transparency. Sabre and IAG's airlines are working closely together and will communicate as NDC content is rolled out to Sabre-connected travel agencies on a carrier-by-carrier basis.
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SLS | Hot Stocks08:33 EST Sellas Life Sciences receives FDA fast track designation for SLS009 - SELLAS Life Sciences announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track Designation to SLS009, its novel and highly selective CDK9 inhibitor, for the treatment of relapsed/refractory acute myeloid leukemia. The Fast Track Designation is intended to facilitate the development and review of drugs to treat serious conditions and fill an unmet medical need. "Receiving Fast Track Designation for SLS009 for r/r AML, following the recent Orphan Drug Designation for the same indication, underscores the potential for SLS009 and highlights the critical unmet need for patients with AML who face a poor prognosis due to the progressive nature of the disease," said Angelos Stergiou, MD, ScD h.c., President and Chief Executive Officer of SELLAS. "The initial positive topline Phase 2a data at the 45 mg dose level demonstrate that SLS009 in combination with venetoclax and azacitidine exhibits anti-leukemic effects with a favorable safety profile in AML patients resistant to venetoclax combination therapies. Importantly, as of the last follow-up, eight of the nine patients enrolled in the 45 mg cohort were alive. The first patient enrolled in the study achieved a complete response and continues on study in the seventh month with full peripheral blood recovery. The second enrolled patient is in the sixth month of treatment, further underscoring the potential benefit of adding CDK9 inhibition to the aza/ven regimen. We have now also enrolled several patients in the ongoing 60 mg dose cohort. Our team is committed to advancing the development of SLS009 with the goal of providing effective solutions to patients in need of viable treatment options."
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RLGT AMZN | Hot Stocks08:33 EST Radiant Logistics names Jaime Becker as General Counsel - Radiant Logistics (RLGT) recently announced the promotion of Jaime Becker to Senior Vice President and General Counsel. Becker brings with her over a decade of experience in supporting both publicly and privately held domestic and international companies in the technology, logistics, construction, and oil and gas industries. Becker was a part of the legal team at Amazon (AMZN), followed most recently by her role at Convoy.
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SR | Hot Stocks08:32 EST Spire names Scott Doyle COO - Spire has named Scott Doyle EVP and COO, effective January 15. Doyle most recently served as EVP, utility operations at CenterPoint Energy in Houston, Texas. Prior to this role, Scott held executive leadership positions of increasing responsibility in natural gas operations and regulatory and public affairs. Scott currently serves on the board of directors of Goodwill Industries of Houston and has previously held board positions with the American Gas Association, American Gas Foundation, Southern Gas Association, Central Indiana Corporate Partnership and the Association of Electric Companies of Texas. In addition, he serves on the Engineering Advisory Council of Texas A&M University, where he earned a bachelor's degree in civil engineering.
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SNX | Hot Stocks08:24 EST TD Synnex increases quarterly dividend 14% to 40c per share - TD Synnex announced that its board of directors declared a quarterly cash dividend of 40c per common share, which represents a 14% increase as compared to the prior quarter. The dividend is payable on January 26, 2024 to stockholders of record as of the close of business on January 19, 2024.
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MACE | Hot Stocks08:23 EST Mace Security enters exclusivity agreement with Triple4s Safety - Mace Security entered into a preliminary exclusivity agreement with Triple4s Safety for purposes of jointly developing and bringing to market a smart pepper spray device that is GPS and Bluetooth enabled and which sends out current location to emergency contacts when deployed. The device's canister will be replaceable after use and will come with a glass breaker, a quick-release keychain, and a practice water canister. The formal agreement is expected to be finalized no later than March 29, 2024. Mace and Triple4S Safety will showcase the product at CES-2024 in Las Vegas on January 9-12 at booth 61636 in the Venetian Expo Hall G. Additionally, this new product will be showcased at SHOT Show Las Vegas 2024, January 23 - 26.
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MSFT | Hot Stocks08:21 EST EU examining Microsoft's ties to OpenAI - The European Commission has launched two calls for contributions on competition in virtual worlds and generative artificial intelligence and sent requests for information to several large digital players. The European Commission will carefully review all input received through the calls for contributions. Following that review, the Commission may organise a workshop in the second quarter of 2024 to bring together all different perspectives emerging from the contributions and continue this reflection, it said. The European Commission is checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation. Reference Link
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FRSX | Hot Stocks08:21 EST Foresight Autonomous CEO anticipates 'successful year' in 2024 - Foresight Autonomous Holdings sent a letter to shareholders from CEO Haim Siboni, which read in part, "Looking back at the dynamic events of the past year, I am pleased to share the significant achievements we accomplished in 2023 and want to discuss our strategic shift for 2024. The past year brought volatility, but it also brought success and progress for our Company. I have complete confidence in our Company and so does our entire management team. Our conviction in the success of Foresight was demonstrated in the Company's latest round of investment, led by substantial insider participation of over $1.1 million. At the end of 2023, we made a strategic decision to refocus on strengthening client-facing initiatives in the fields of defense and industrial vehicles and reallocate resources accordingly. Throughout 2023, we achieved major milestones in our journey towards commercialization, strengthening our position as a key player in the evolving market of 3D perception solutions for semi and fully autonomous vehicles. Our strategic collaborations with leading Japanese and Chinese vehicle manufacturers, the commercialization agreement with leading defense company Elbit Systems Land Ltd., and the collaboration agreement with KONEC, a South Korean Tier one supplier for agricultural vehicles, have not only secured future potential revenues but have also paved the way for groundbreaking innovations. A key aspect of Foresight's success lies in the modularity of our software vision solutions. This business model enables us to customize 3D perception solutions and tailor them to our customers' specific needs. Whether integrating our software seamlessly with existing sensors or providing a comprehensive vision solution by combining our proprietary software with customer-requested hardware, we are at the forefront of driving innovation in the industry...As we move into 2024, we anticipate a successful year, establishing new partnerships with industry leaders and progressing further on our path towards commercialization."
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RDVT SCOR | Hot Stocks08:20 EST Red Violet announces appointment of Livek to board of directors - Red Violet (RDVT) announced the appointment of Bill Livek to the red violet Board of Directors, effective January 5, 2024. Livek is currently the Vice Chairman of comScore (SCOR), a global media measurement and analytics company, serving in this capacity since 2016.
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KVHI ETCMY | Hot Stocks08:20 EST KVH Industries expands multi-orbit hybdrid network with Eutelsat - KVH Industries (KVHI) announced a distribution partnership agreement with LEO connectivity provider Eutelsat (ETCMY) OneWeb. Under the terms of the deal, KVH will offer Eutelsat OneWeb's LEO connectivity services supporting terminals for commercial and leisure vessels via Eutelsat OneWeb's LEO satellite constellation. "Adding Eutelsat OneWeb to our hybrid portfolio helps deliver on our commitment to providing outstanding connectivity, content, and services via our KVH ONE(R) integrated multi-orbit, multi-channel solution," said Brent Bruun, KVH President and Chief Executive Officer. "Eutelsat OneWeb's LEO technology will complement, enhance, and extend our KVH ONE network's existing hybrid services and enable outstanding low-latency connectivity for mariners worldwide."
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CATX LNTH | Hot Stocks08:19 EST Perspective Therapeutics enters strategic agreements with Lantheus - Perspective Therapeutics (CATX) entered into strategic agreements with Lantheus Holdings and its affiliates (LNTH). For an upfront payment of $28 million in cash, Lantheus will obtain an exclusive option to negotiate for an exclusive license to Perspective's [212Pb]VMT-alpha-NET, a clinical stage alpha therapy developed for the treatment of neuroendocrine tumors, and a right to co-fund the IND-enabling studies for early-stage therapeutic candidates targeting prostate-specific membrane antigen and gastrin releasing peptide receptor and, prior to IND filing, a right to negotiate for an exclusive license to such candidates. Lantheus has also agreed to purchase an equity stake of up to 19.9% shares of Perspective's outstanding shares of common stock for up to approximately $33 million, subject to completion of a qualified third-party financing transaction and certain other closing conditions. Additionally, Perspective has agreed to acquire the assets and associated lease of Lantheus' radiopharmaceutical manufacturing facility in Somerset, New Jersey for an undisclosed price. Under the terms of the option agreement, Lantheus also has a right of first offer and last look protections for any third party merger and acquisition transactions involving Perspective for a twelve-month period. The closing of Perspective's acquisition of the Somerset facility and related assets is subject to customary closing conditions, including regulatory approval. The closing of Lantheus' investment in Perspective is subject to the closing of Perspective's next qualifying third party equity financing totaling at least $50 million and other customary closing conditions and will be consummated substantially concurrently with the closing of Perspective's next third party equity financing. The purchase price per share is also subject to adjustment based on such third party qualifying equity financing.
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SPGC | Hot Stocks08:18 EST Sacks Parente Golf expands into Club Champion stores nationwide - Sacks Parente Golf announces the expanded availability of its premium putters in all 126 Club Champion stores nationwide. "Club Champion is the leading name in custom club fitting services. Its commitment to precision and personalized golf experiences aligns with our dedication to serving golfers of all skill levels," said Greg Campbell, Executive Chairman, Sacks Parente Golf. "The validation of our technology by such a renowned retailer reinforces our belief in the importance of delivering exceptional quality to golfers, ensuring they have access to the best equipment tailored to their individual needs." Club Champion will feature all models of SPG putters in its stores, including mallets and blades, such as the recently released Series 02 DRAC and the Series 91 Duke putter.
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SAIC | Hot Stocks08:18 EST SAIC gets $375M U.S. Navy deal for modern vehicle fielding integration - The U.S. Navy has awarded Science Applications International a $375 M contract to continue providing Command, Control, Communications, Computers C4 Intelligence, Surveillance and Reconnaissance ISR fielding and integration on land-based vehicle platforms to support Naval Information Warfare Center Atlantic . "SAIC is proud to continue supporting this important mission," said Barbara Supplee, senior vice president, Navy Business Group at SAIC. "Fielding tactical vehicles that have C4ISR components properly installed is critical to the success of the warfighter. Our team of experienced engineers, logisticians and technicians is honored to enable the Naval Information Warfare Center Atlantic as it pursues this vital work." Under the five-year contract, SAIC will support NIWC Atlantic with production-engineering, integration, installation, logistical and programmatic support required to enable C4ISR fielding and integration on numerous land-based vehicle platforms across multiple Department of Defense services at both continental U.S. and overseas locations. SAIC has invested in its Charleston facilities to enable the execution of vehicle fielding integration and support missions.
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GNTX | Hot Stocks08:17 EST Gentex to showcase latest developments at CES - Gentex Corporation will once again showcase its latest developments in technology and innovation at this year's Consumer Electronics Show, CES. Over the past year, Gentex has initiated new R&D activities, established new collaboration agreements, expanded through strategic acquisition, and diversified its product lines. All of this and more will be demonstrated at the Gentex CES booth through interactive displays, feature-integrated vehicles, and product simulators that enable customers to experience the technology in a realistic setting. "2024 marks not only a golden milestone of 50 years in business, but also a year of groundbreaking achievements and unparalleled innovation," said Steve Downing, Gentex chief executive officer. "At this year's CES, we're showcasing new advancements in nearly every product category and providing an advanced look at PLACE, our first direct-to-consumer, smart-home sensing product."
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CREV | Hot Stocks08:17 EST Carbon Revolution announces wheel production more than tripled in Q4 CY23 - Carbon Revolution announced that wheel production, as measured by wheels boxed for shipment, more than tripled in Q4 CY2023 from the year ago period and rose 84% in the second half of CY23 versus the previous half as the Company made strong progress ramping Mega-line capacity and throughput. To fulfill the growing demand from Carbon Revolution's OEM customers, capacity and throughput of the Company's manufacturing facility grew steadily quarter on quarter during calendar 2023. This was enabled by the completion of the first phase of Mega-line commissioning. The Company achieved record production in the 2nd calendar half of just under 13,000 wheels. Production in the 4th calendar quarter was also a record at 7,100 wheels. Production for the first two quarters of the fiscal year ending June 30, 2024 was almost equivalent to the total production achieved for all of fiscal year 2023. "We have been ramping up production to meet our growing pipeline of orders as our backlog has more than doubled1 since October 2022 to US$730 million," said Jake Dingle, CEO of Carbon Revolution. "This is due primarily to new program awards, including substantial electric vehicle programs and the recently announced award by a premium brand of a major German automaker."
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CNHI | Hot Stocks08:17 EST CNH Industrial reduces size, realigns Senior Leadership Team - CNH announces a streamlining of its leadership structure. Effective immediately, the Company is reducing the size of and realigning the Senior Leadership Team which will henceforth be known as the Global Leadership Team. The GLT is the Company's operational decision-making body responsible for driving the performance of the Company's businesses and executing strategic priorities, serving customers around the world and providing leadership to our ~40,000 employees. This leaner structure is designed to deliver focused and accountable leadership, prioritizing the Company's Business Segments. The GLT members and their corresponding areas of accountability are as follows: Scott W. Wine, Chief Executive Officer; Oddone Incisa, Chief Financial Officer; Derek Neilson, President, Agriculture; Stefano Pampalone, President, Construction; Fritz Eichler, Chief Technology Officer; Marc Kermisch, Chief Digital and Information Officer; Scott Moran, Chief Quality and Business System Officer; Tom Verbaeten, Chief Supply Chain Officer; Kelly Manley, Chief Human Resources Officer; Kevin Barr, Senior Leadership Advisor; Roberto Russo, Chief Legal and Compliance Officer. Regional and support function leaders will now report directly into the GLT-led organizations to ensure rapid and improved customer-centric decision making. These diverse and experienced leaders will remain posted at key company sites across the globe, furthering the delivery of our strategic priorities. The elevation of Fritz Eichler to Chief Technology Officer is specifically designed to provide singular focus and leadership on the development, execution, and integration of our iron and technology platforms.
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ONVO | Hot Stocks08:16 EST Organovo to present FXR314 model findings at Crohn's, Colitis Congress - Organovo announced that its data on the activity of FXR314 in its proprietary 3D human tissue models of Crohn's disease and ulcerative colitis will be presented at the Crohn's and Colitis Congress to be held January 25-27, 2024 in Las Vegas, Nevada. "We initially identified a strong benefit of FXR agonism in IBD using our internal 3D models, then moved towards development of what we believe to be a best-in-class FXR agonist, FXR314, to treat IBD," said Keith Murphy, Organovo's Executive Chairman. "Our 3D human tissue models rely on primary cells isolated from individual donors with disease, and we believe our findings to constitute a translational research "gold standard" far superior and complimentary to preclinical animal models alone. FXR314 shows excellent results in standard preclinical models as well. In this presentation, data from our 3D models of IBD, especially the effect of FXR314 on multiple endpoints of IBD including epithelial barrier function and fibrosis in a wide set of Crohn's disease and ulcerative colitis donors, will be shown."
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NGM | Hot Stocks08:14 EST NGM announces new data from NGM707 trial, outlines strategies for candidates - NGM Biopharmaceuticals announced encouraging new data from an ongoing Phase 1 Part 1b study evaluating NGM707, a dual ILT2/ILT4 antagonist antibody product candidate, in combination with KEYTRUDA. NGM Bio also outlined its strategy to evolve clinical development of its product candidates aldafermin and NGM120 to focus on rare conditions characterized by significant unmet need. "Our priorities for 2024 center on directing our efforts and investing our resources as efficiently and effectively as possible toward select development activities that we believe have the greatest potential to deliver nearer-term impact and value creation while being fully aligned with our mission to deliver life-changing medicines for patients with significant unmet needs," said David Woodhouse, PhD, Chief Executive Officer at NGM Bio. NGM707 in Advanced Solid Tumors: Announced encouraging new findings from the Phase 1 Part 1b dose escalation cohort of the ongoing Phase 1/2 trial evaluating NGM707 in combination with pembrolizumab for the treatment of patients with advanced or metastatic solid tumors. The combination of NGM707 and pembrolizumab was generally well tolerated at all four dose levels of NGM707. The maximum tolerated dose was not reached. Eight of the 37 response-evaluable patients had MSS CRC; two of these MSS CRC patients were among the confirmed PRs, including the patient with a pathological CR, and two had SD. Anti-PD-1/L1 monotherapies have shown low or no benefit in MSS CRC patients. Aldafermin in Primary Sclerosing Cholangitis: Announced planned further development of aldafermin for the treatment of PSC, a rare liver disease that irreparably damages the bile ducts, leading to bile acid dysregulation, which, ultimately, results in serious liver damage. NGM120 in Hyperemesis Gravidarum: Announced potential development of NGM120 for the treatment of hyperemesis gravidarum, subject to the outcome of ongoing discussions with the FDA.
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ARBE | Hot Stocks08:13 EST Arbe Robotics announces availability of production intent chipset - Arbe Robotics announced the availability of its production intent chipset for the mass manufacturing of perception radars. The production intent chipset includes three chips: transmitter, receiver, and processor, which marks the first high-count channel array "massive MIMO" imaging radar chipset solution that provides unprecedented performance and safety for the automotive industry. The company is currently in the final AEC-Q100 qualification process after completing pre-qualification tests. The production intent chipset meets the final Arbe specifications and is designed for Tier 1 radar system production and for OEM development programs.
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ALHC | Hot Stocks08:12 EST Alignment Healthcare appoints Burzacchi as COO of MSO, Wagner as CPO - Alignment Healthcare announced that Sebastian Burzacchi will join as the new chief operating officer, COO, of its management services organization, MSO, and Andreas Wagner will serve as chief people officer, CPO, effective immediately. With over 18 years of experience in operations and management, Burzacchi most recently served as executive vice president of operations for Veho Tech, where he led a team of 1,000 people, its largest team. Prior to joining Alignment, Wagner served as the chief human resources officer at Aerojet Rocketdyne.
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ABL | Hot Stocks08:11 EST Abacus Life repurchases $1.9M of stock in first 30 days of program - Abacus Life provided an update to its $15 million stock repurchase program previously announced on December 12, 2023. From the commencement of the Repurchase Program through January 8, 2024, Abacus has repurchased 206,050 shares of its common stock at an average price of $9.26 on the open market at a total cost of approximately $1.9 million. As of January 9, 2024, Abacus has $13.1 million of availability under the Repurchase Program, which expires on June 10, 2025, unless sooner suspended or discontinued.
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LNTH CATX | Hot Stocks08:11 EST Lantheus expands radiopharmaceutical oncology pipeline via agreements - Lantheus Holdings (LNTH) announced it has entered into multiple strategic agreements with Perspective Therapeutics (CATX) Under the agreements, 1) Lantheus obtains an option to exclusively license Perspective's Pb212-VMT--NET, a clinical stage alpha therapy developed for the treatment of neuroendocrine tumors, and an option to co-develop certain early stage therapeutic candidates targeting prostate cancer using Perspective's innovative lead platform technology, for an aggregate upfront payment of $28 million in cash; 2) Lantheus has agreed to purchase up to 19.9% of Perspective's outstanding shares of common stock for up to approximately $33 million, subject to completion of a qualified third party financing transaction and certain other closing conditions; and 3) Perspective intends to acquire the assets and associated lease of Lantheus' radiopharmaceutical manufacturing facility in Somerset, New Jersey for an undisclosed price. "These strategic transactions will expand our pipeline and create a pathway for impactful advancements in neuroendocrine tumors and prostate cancer," said Mary Anne Heino, Chief Executive Officer of Lantheus. "We are excited to partner with Perspective, which has developed a best-in-class alpha therapy platform for lead-based therapies, and we are particularly encouraged by the early data from VMT--NET. This potentially enables Lantheus to expand our pipeline into promising alpha therapies and further solidifies our position as the leading radiopharmaceutical-focused company."
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GT | Hot Stocks08:10 EST Goodyear Tire, TDK announce collaboration on tire solutions - TDK Corporation and The Goodyear Tire & Rubber Company announced a collaboration to advance next-generation tire solutions with the goal of accelerating the development and adoption of integrated intelligent hardware and software into tires and vehicle ecosystems. Together, the organizations plan to bring a robust tire sensing system to market, combining TDK's software, sensor and electronic component expertise with Goodyear's know-how in tire development, intelligent solutions and industry trends. The two industry leaders are in the process of conducting market research and technical exploration for a joint solution that delivers actionable insights improving vehicle performance, safety and efficiency.
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DCFC | Hot Stocks08:09 EST Tritium offers Autocharge as software capability on RTM, PKM charger models - Tritium DCFC is now offering Autocharge as a software capability on its RTM and PKM charger models. This launch allows Tritium to further provide its customers and EV drivers with convenient and efficient options for a seamless end-to-end EV charging experience. Autocharge is currently available with the latest release software for Tritium's RTM and PKM chargers. EV drivers with compatible vehicles at charging sites where the system has been implemented by a network operator will be able to start a charging session by simply plugging in their vehicle, without the need to tap or insert a payment card. Drivers love the ease of this capability, which is a feature only available to EV drivers and which cannot be offered to drivers of combustion engine vehicles. It is also very convenient for operators of busy sites with high utilization as it removes one step of the charging process and simplifies technical complexity by removing the need for a credit card reader.
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NVEE | Hot Stocks08:09 EST NV5 Global awarded $10M in contracts to support Count of San Diego - NV5 Global announced that it has been awarded contracts totaling $10 million to support infrastructure construction projects in the County of San Diego. NV5 was awarded $5 million to provide construction inspection, construction quality assurance, and contract administration for various vital infrastructure projects throughout the county. Additionally, the County of San Diego Department of Public Works Construction Engineering Section selected NV5 for a $5 million professional construction management services contract. "We have supported infrastructure improvements and enhancements in San Diego County for over 30 years. These contract wins underscore our dedication to supporting sustainable growth and development in the communities that we serve, and we look forward to continuing our relationship with the county," said Dickerson Wright, PE, Chairman and CEO of NV5.
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GIL | Hot Stocks08:08 EST Gildan Activewear's former CEO 'deeply disappointed' by actions of board - Glenn Chamandy, former President and CEO and co-founder of Gildan Activewear, issued the following statement in response to the open letter to shareholders issued by the company's board of directors on January 8, 2024: "I am deeply disappointed by the actions of the Gildan board of directors. Having been at the helm of Gildan for more than two decades, I take great offence at what appears to be a premeditated effort to publicly undermine my record and, what is even worse from a corporate standpoint, is that their careless behaviour is also tarnishing the reputation of a great company. The board's self-serving motives, designed to distract from its own recklessness, have led them to lose sight of what is truly important-the best interests of the company, along with its employees, customers and shareholders. I find it particularly disheartening that the board has decided to weaponize strategic confidential information of the company for the sole purpose of entrenching itself in power, with no regard for impact on value. Contrary to what the board claims, the comprehensive long-range plan presented on October 30, 2023 showed meaningful organic growth prospects for Gildan over the next five years, and was supported by our management team." The board's unfortunate actions have resulted in a massive loss of shareholder value. This destructive course of action is counterproductive, and all efforts should be redirected at driving growth that benefits all Company stakeholders, a priority which has traditionally been at the core of Gildan's values.
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ECOR | Hot Stocks08:08 EST electroCore expands intellectual property portfolio - electroCore announced the United States Patent and Trademark Office has issued a patent related to systems and methods for treating post-traumatic stress disorder, PTSD. U.S. Patent No. 11,865,329 entitled "Vagal Nerve Stimulation for Treating Post-Traumatic Stress Disorder" generally relates to methods for treating the symptoms of post-traumatic stress disorder that include applying one or more electrical impulses transcutaneously to the vagus nerve for approximately 90 seconds to approximately 3 minutes. The electrical impulses may comprise bursts of 2 to 20 pulses.
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COGT | Hot Stocks08:08 EST Cogent Biosciences announces planned 2024 milestones - Cogent Biosciences highlighted the company's key 2024 milestones ahead of its presentation at J.P. Morgan's 42nd annual healthcare conference. In 2024, the Company plans to achieve the following milestones: Bezuclastinib - Systemic Mastocytosis: Present data from the complete SUMMIT Part 1 trial in patients with Non-Advanced Systemic Mastocytosis at the 2024 American Academy of Allergy, Asthma & Immunology annual conference in February; Initiate SUMMIT Part 2 in 1H 2024; Finalize, including alignment with regulators, Cogent's MS2D2, a novel patient reported outcomes tool designed to measure symptomatic severity and improvement for patients enrolled in the SUMMIT study. Complete enrollment in the registration-directed APEX Phase 2 trial in patients with Advanced Systemic Mastocytosis. Bezuclastinib - Gastrointestinal Stromal Tumors: Complete enrollment of global, randomized Phase 3 PEAK trial studying the combination of bezuclastinib and sunitinib versus sunitinib alone in imatinib-resistant GIST patients. CGT4859: Initiate Phase 1 trial of the first Cogent-discovered pipeline program, designed as a potent, selective, reversible FGFR2 inhibitor with best-in-class potential. Preclinical Pipeline: Initiate IND-enabling studies for lead candidate from potent, selective ErbB2 program, highlighted by potential best-in-class brain penetrant properties; Select lead candidate and initiate IND-enabling studies from ongoing PI3Kalpha program, designed to potently and selective target the H1047R driver mutation, which affects greater than30,000 cancer patients each year
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ALGM | Hot Stocks08:07 EST Allegro MicroSystems launches AHV85111 isolated gate-driver IC - Allegro MicroSystems announced the launch of the second product in its High Voltage Power portfolio. Allegro's AHV85111 isolated gate-driver IC adds critical safety features while simplifying the design of high-power energy conversion systems for e-Mobility and clean energy applications, including OBC/DCDC, solar inverter and datacenter power supply.
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MOVE | Hot Stocks08:07 EST Movano and ams OSRAM partner to expand Evie Ring health monitoring capabilities - Movano and ams OSRAM, a provider of technology for biometric monitoring, have collaborated to include ams OSRAMs PPG sensor solution in the Evie Ring, Movano Health's smart ring designed specifically for women. Movano Health's female-first wearable, the Evie Ring, is a personalized solution designed specifically for women that provides medical-grade data measurement of critical vitals for an on-demand understanding of overall health. ams OSRAM's complete PPG sensor solution, which consists of the Optical Front End SFH 7014c emitter and SFH 2705 detector technology coupled with the company's Analog Front End AS7057, is able to achieve an increased total radiant intensity of more than 40% over the previous generation products and its photodetector has a surface area that is significantly larger than competing products.
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AUDA | Hot Stocks08:07 EST Audacy receives bankruptcy court approval for all first day motions - Audacy announced that it has received approval from the United States Bankruptcy Court for the Southern District of Texas for all first day motions related to its prepackaged Chapter 11 proceedings, which commenced on January 7. As part of these motions, the Court granted Audacy access to $57M in financing from certain of its existing lenders. This financing is comprised of a new $32M debtor-in-possession, or DIP, term loan and a $25M upsize of the company's existing $75M accounts receivables financing facility to $100M. The DIP financing, the upsize of the accounts receivables financing facility and the company's cash from operations and available reserves will enable Audacy to fulfill commitments to employees, advertisers, partners and vendors. The court also authorized Audacy to continue to pay employee wages, salaries and benefits without interruption and to pay vendors and suppliers. As previously announced, Audacy entered into a restructuring support agreement with a supermajority of its debtholders. Under the terms of the RSA, the debtholders committed to vote in favor of a plan of reorganization that, when consummated, will equitize approximately $1.6B of funded debt, a reduction of 80% from approximately $1.9B to approximately $350M. The company does not expect any operational impact from the restructuring, and trade and other unsecured creditors will not be impaired.
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EFTR | Hot Stocks08:06 EST eFfector Therapeutics board approves 1-for-25 reverse stock split - eFFECTOR Therapeutics announced that its Board of Directors has approved a 1-for-25 reverse stock split of the Company's common stock. The reverse stock split will become effective at 12:01 A.M. Eastern Time, on January 12, 2024. The Company's common stock will continue to be traded on the Nasdaq Capital Market under the existing symbol "EFTR" with the new CUSIP number 28202V207 and will begin trading on a split-adjusted basis when the market opens on January 12, 2024. The CUSIP number for eFFECTOR's publicly traded warrants will not change. The reverse stock split is intended to regain compliance with the minimum bid price requirement of $1.00 per share of the Company's common stock for continued listing on The Nasdaq Capital Market. The reverse split will affect all issued and outstanding shares of eFFECTOR's common stock. At the effective time of the reverse stock split the number of shares of common stock issued and outstanding will be reduced from approximately 74.9 million shares to approximately 3.0 million shares. The total authorized number of shares of common stock will be proportionally reduced from 1,000,000,000 to 40,000,000 shares. Proportional adjustments will be made to the number of shares of common stock issuable upon exercise of the Company's outstanding stock options and warrants, as well as the applicable exercise price.
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DXR | Hot Stocks08:06 EST Daxor awarded additional new patent for smart blood volume technology - Daxor announces that the United States Patent and Trademark Office has issued the company a second patent, safeguarding a distinctive clinical guidance system for blood volume management. This system utilizes unique blood volume metrics and related clinical measures to create support guidance for fluid management interventions. "Given the cost and complexity of healthcare, intelligent computer-assisted support tools are a major focus for hospital systems to improve outcomes and reduce costs. At Daxor, our mission is to advance healthcare by enabling optimal fluid management, equipping physicians with the tools for more effective diagnosis and treatment. Our proprietary technology, protected by numerous patents, ensures a distinct advantage as we introduce next-generation products to the market, advancing this mission," said Michael Feldschuh, Daxor's CEO and President.
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LSEA | Hot Stocks08:06 EST Landsea Homes to acquire Antares Homes for $232.2M in cash - Landsea Homes announced that it has entered into a definitive agreement to acquire Antares Homes, a Dallas-Fort Worth based homebuilder. The transaction, once completed, will expand Landsea Homes' presence in the Dallas/Fort Worth metropolitan area. Landsea Homes intends to purchase Antares Homes for $232.2M in cash, which includes repayment of an anticipated $47.2M of Antares Homes debt. The transaction is subject to customary working capital adjustments upon closing. Landsea Homes expects to fund the transaction with a combination of cash and borrowings under its revolving credit facility. The transaction has been unanimously approved by the Board of Directors for Landsea Homes, and is expected to close in early February of 2024, subject to the satisfaction of customary closing conditions. Upon closing of this transaction, Antares Homes employees are expected to become part of the Landsea Homes team.
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BPY | Hot Stocks08:05 EST Brookfield Property commences Normal Course Issuer Bid - Brookfield Property Preferred announced it has received approval from the Toronto Stock Exchange for a normal course issuer bid to purchase up to 10% of the public float of its outstanding Class A Cumulative Redeemable Preferred Units, Series 1 hat are listed on the TSX. Brookfield may, during the 12-month period commencing January 11, 2024 and ending on January 10, 2025 purchase on the TSX, the Nasdaq Stock Market and any alternative Canadian trading system, up to 1,917,745 Preferred Units, representing approximately 10% of its public float. At December 31, 2023, there were 26,844,556 Preferred Units issued and outstanding, with 7,667,101 Preferred Units held by insiders, giving Brookfield a public float of 19,177,455 limited partnership units. Under the normal course issuer bid, Brookfield may purchase up to 1,138 Preferred Units on the TSX during any trading day, which represents approximately 25% of the average daily trading volume of 4,552 on the TSX for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the normal course issuer bid. This limitation does not apply to purchases made pursuant to block purchase exemptions and purchases made on another exchange. Brookfield will pay the market price at the time of acquisition for any Preferred Units purchased, but not to exceed the redemption price thereof as stated in the company's limited partnership agreement. All Preferred Units acquired by Brookfield under this bid will be cancelled. Brookfield has not repurchased any Preferred Units in the past 12 months. Brookfield is commencing this normal course issuer bid because it believes that, from time to time, the market price of its Preferred Units may not fully reflect the underlying value of its current business and future prospects. Brookfield believes that, in such circumstances, the outstanding Preferred Units represent an attractive investment for the company, since a portion of its excess cash generated on an annual basis can be invested for an attractive risk-adjusted return through the normal course issuer bid.
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MGNI | Hot Stocks08:05 EST Magnite launches marketplace that brings together iHeartMedia's assets - Magnite announced the launch of a first-of-its-kind marketplace that brings together iHeartMedia's broadcast radio, streaming radio and podcast assets for inclusion in omnichannel programmatic media buys, providing the reach and efficiency that advertisers are seeking from audio. The marketplace enables advertisers to transact with a data-driven approach via real-time-bidding across iHeartMedia's vast broadcast and digital audio inventory through a single activation channel. "With today's consumers spending a third of their media time with audio, expanding programmatic's access to iHeart's audio assets is imperative for the industry," said Brian Kaminsky, Chief Data Officer and President of Revenue Strategies for iHeartMedia. "Not only are we expanding what role programmatic can play for advertisers, we are also improving the efficacy of their campaigns by allowing them to use real-time data to message their audience in the most engaging way possible, in an environment of trust and interest. We're excited to expand our partnership with Magnite because they have proven expertise in programmatic and the ability to build technology fit for the unique needs of audio advertising to take its place in omnichannel."
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PPG | Hot Stocks08:05 EST PPG to review stratgic alternatives for silica products business - PPG announced that it has engaged Morgan Stanley & Co. as financial advisor to assist in a review of strategic alternatives for its silica products business. PPG's silica products business, which operates within the company's specialty coatings and materials strategic business unit, manufactures and supplies precipitated silica products to major manufacturers around the world as performance-enhancing additives. In 2023, the silica products business represented between 1-2% of PPG's total net sales. PPG expects to complete the review of strategic alternatives by mid-2024. There is no assurance that the review will result in any transaction or other outcome. PPG does not intend to disclose developments or provide updates on the progress or status of the review unless and until it deems further disclosure is appropriate or required. The silica products business is led by about 350 employees and manufactures products through dedicated facilities in Lake Charles, Louisiana and Delfzijl, The Netherlands
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ADI HON | Hot Stocks08:04 EST Honeywell and Analog Devices partner in digitization of commercial buildings - Honeywell (HON) and Analog Devices (ADI) have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring, which aims to reduce cost, waste, and downtime. The strategic alliance would bring this new technology to building management systems for the first time. Digitizing building management systems will allow managers to reduce energy consumption through real-time decisions, while it will upgrade a building's network performance and security to current Internet-protocol networks without extensive costs and remodeling. Honeywell plans to adopt ADI's single-pair Ethernet and software configurable input/output solutions in its building management systems.
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WKSP | Hot Stocks08:04 EST Worksport's Terravis moves heat pump to commercial design stage - Worksport and its subsidiary, Terravis Energy announce a breakthrough in early test results for Terravis' working prototype of its Cold Climate, Air Source Residential Heat Pump. With traditional CCHP units designed to operate at approximately -25degreesC, Terravis' CCHP has produced heating in temperatures as cold as -35degreesC, surpassing current commercial units by as much as 40%. These early test results have surpassed management's expectations, prompting Terravis to move to the commercial design stage for this product after further rigorous testing. The forthcoming Terravis heat pump is set to redefine the boundaries of heating technology without the use of supplemental heating coils. It not only is expected to withstand the harshest North American winters, but thrive in them, effortlessly maintaining a warm and inviting indoor atmosphere regardless of how cold it may be outside. Its innovative design and advanced technology are expected to ensure comfort and reliability no matter how severe the weather could become.
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GE | Hot Stocks08:04 EST GE Vernova announces 2.4 GW order for Pattern Energy's SunZia Wind project - GE Vernova's Onshore Wind business announced a new equipment and long-term services deal with Pattern Energy to supply 674 3.6-154 wind turbines that will provide more than 2.4 gigawatts of power at the SunZia Wind project in New Mexico. SunZia Wind, which is expected to be the largest wind project in the Western Hemisphere at over 3.5 GW total project size, will bring GE Vernova's installed base with Pattern Energy in North America to approximately 4.3 GW upon completion. The order, which was received in the fourth quarter of 2023, is the largest single onshore wind turbine order ever received by GE Vernova, both in terms of quantity of turbines and gigawatts of power generation, upon completion
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CRBP | Hot Stocks08:03 EST Corbus Pharmaceuticals announces FDA clearance of IND application of CRB-601 - Corbus Pharmaceuticals announced the U.S. Food and Drug Administration, FDA, has cleared the investigational new drug application of CRB-601, a potentially best-in-class TGFbeta blocking monoclonal antibody targeting the integrin alphavbeta8. Pre-clinical data presented at the 38th Annual Meeting of the Society for Immunotherapy of Cancer, SITC, demonstrates CRB-601 overcame tumor immune exclusion and enhanced the activity of immune checkpoint inhibitors in vivo. The Company expects to enroll the first participant in a Phase 1 study in the first half of 2024. "Pre-clinical data generated to-date demonstrates that CRB-601 has robust anti-tumor activity as monotherapy and in combination with anti-PD-1 therapy in a variety of solid tumors exhibiting a range of sensitivities to PD(L)-1 targeted therapy," said Yuval Cohen Ph.D., Chief Executive Officer of Corbus. "CRB-601 blocked latent TGFbeta activation and enhanced immune cell penetration into the tumor microenvironment in pre-clinical models. We believe this mechanism of action is complimentary to the effects of anti PD(L)-1 therapy leading to enhanced combinatorial efficacy. We look forward to initiating our Phase 1 First-in-Human trial of CRB-601 and anticipate enrolling the first participant in the first half of this year."
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MYNZ | Hot Stocks08:02 EST Mainz Biomed provides year-end corporate review 2023 - Mainz Biomed N.V announced a year end summary of its corporate and product development progress. Key Commercial, Product Development and Operational Highlights Included: Announced groundbreaking results from ColoFuture and eAArly DETECTclinical studies evaluating the potential to integrate portfolio of novel gene expression biomarkers into a next-generation version of ColoAlert; ColoFuture reported sensitivity for colorectal cancer of 94% with specificity of 97% and advanced adenoma sensitivity of 80%; eAArly DETECT reported sensitivity for CRC of 97% with a specificity of 97% and a sensitivity for AA of 82%; Expanded international commercialization of ColoAlert; Established commercial operations in major markets including Spain, Poland, Romania, Portugal, Israel, and the UK; Launched corporate health program with Germany serving as initial market via integration into Country's BGM system; Ramped-up preparations for pivotal FDA PMA clinical trial which remains on track to commence patient enrollment in mid-2024. Presents an opportunity to achieve gold-standard status for at-home CRC screening. "This past year was an exceptional period for the Company as we executed our international commercial strategy for flagship product ColoAlert while advancing product development programs," commented Guido Baechler, Chief Executive Officer of Mainz Biomed. "The latter half of 2023 was especially exciting given the groundbreaking results from the ColoFuture and eAArly DETECT studies which reported extraordinary statistical significance for CRC lesion detection and advanced adenomas, a type of pre-cancerous polyp often attributed to this deadly disease. This outstanding outcome enables optimal trial design for the ReconAAsense pivotal FDA PMA study that if successful, will now represent disruptive innovation in self-administered CRC screening, providing the opportunity to bring to market the most advanced diagnostic tool on the market. As such, we head into 2024 with a great deal of momentum as we make final preparations for ReconAAsense, with patient enrollment targeted to commence mid-year. On the commercial front, we'll continue to expand our international footprint while strengthening our presence in established markets."
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ACT | Hot Stocks08:02 EST Enact Holdings receives ratings upgrade from S&P Global Ratings - Enact Holdings announced that S&P Global Ratings upgraded the long-term financial strength and issuer credit ratings for our flagship insurance subsidiary, Enact Mortgage Insurance Corporation, to A- from BBB+. S&P also announced they raised the long-term issuer credit rating on Enact Holdings Inc. to 'BBB-' from 'BB+'. The outlook for the ratings is stable.
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LPSN | Hot Stocks08:02 EST LivePerson names John Sabino as CEO - LivePerson has appointed John Sabino as CEO, effective January 10. Sabino will also become a member of the LivePerson Board on that date. Sabino most recently served as Chief Customer Officer of VMware from October 2021 through January 8, 2024, where he led the company's 7,000-person global Customer Experience and Success organization, growing revenue to $1.3B and overseeing customer experience for VMware's over 350,000 customers, while improving consumption and SaaS license conversions by over 50%. Previously, Sabino served as Chief Customer Officer of Splunk, a provider of cybersecurity and observability technology and as Chief Operating Officer of GE Digital. John Collins, who has served as LivePerson's Interim CEO and CFO since August 2023, will continue with the company in an expanded leadership role as Chief Financial Officer and Chief Operating Officer.
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GEO | Hot Stocks07:59 EST Geo files motion to vacate injunction against California facility - Geo Group announced last night that on January 4, the company filed motions with the U.S. District Court, Central District of California, in the case of Roman v. Wolf, to intervene and to vacate several injunction orders, including an intake prohibition order issued three years ago that limits the use of the Geo-owned 1,940 bed Adelanto ICE Processing Center in Adelanto, California based on then-prevailing COVID-19 conditions. Geo was joined in its filings by three unions representing over 350 employees at the facility. On December 19, 2019, U.S. Immigration & Customs Enforcement and Geo entered into a 15-year contract for the provision of secure residential housing and care at the facility, consisting of a 5-year base period, ending on December 19, 2024, followed by two 5-year option periods. The facility contract generates approximately $85M in annualized revenues for Geo. On December 18, 2023, Geo received a new task order from ICE establishing February 19, 2024 as the end of the contract performance period, ten months short of the end of the facility's base contract term. Geo believes the task order and public statement issued by ICE "demonstrate that the government is considering whether to discontinue its use of the Facility before the end of the contract's base term due to the ongoing impact of the outdated COVID-19 related limitations imposed by the federal court over three years ago. As a result, GEO and the three unions representing the Facility's employees have taken legal action to protect GEO's interests which include the annualized revenues referred to above and the potential loss of jobs by 350-plus Facility employees."
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DPMLF | Hot Stocks07:47 EST Dundee Precious Metals reports 2023 gold production 296.1K oz. - Reports 2023 copper production 30.5M lbs. "Our mining operations continue to deliver strong results, with Ada Tepe achieving record gold production and Chelopech achieving its annual guidance for gold and copper production," said David Rae, President and Chief Executive Officer of Dundee Precious Metals. "We also continued our track record of strong sustainability performance, ranking in the 91st percentile among mining and metals companies in the 2023 S&P Global corporate Sustainability Assessment for the third consecutive year. In December 2023, we announced the acquisition of Osino Resources, which adds the advanced stage, multi-million ounce Twin Hills project in Namibia to our portfolio, and declared a maiden Mineral Resource estimate at our Coka Rakita project in Serbia, which further positions DPM as an intermediate gold producer with a growth pipeline supported by two new high-quality gold discoveries."
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NEXCF | Hot Stocks07:44 EST Nextech3D.AI announces six modeling contracts, renewals - Nextech3D.AI announces an uptick in sales with a series of six 2024 contracts, renewals from: CB2 - a division of Crate and Barrel, Artika, renowned for its avant-garde lighting solutions, Raptor Tactical, a designer and manufacturer of modern tactical equipment for Military, Police and other Law enforcement units, William Wood Mirrors, EOD Gear supplies, providing Tactical Gear to EOD Techs and Commands, SWAT, City Grounds, and sees other growing sales opportunities in its 3D modeling pipeline. Nextech3D.ai anticipates continued momentum in 3D modeling demand to reinforce its position as a leader in the development and deployment of AI for in the 3D modeling industry for e-commerce.
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BAM | Hot Stocks07:42 EST Brookfield Asset Management announces renewal of Normal Course Issuer Bid - Brookfield Asset Management has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid to purchase up to 34,605,494 Class A Limited Voting Shares representing approximately 10% of the public float of Brookfield Asset Management's outstanding Class A Shares. Purchases under the bid will be made on the open market through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems. The period of the normal course issuer bid will extend from January 11, 2024 to January 10, 2025, or an earlier date should Brookfield Asset Management complete its purchases. Brookfield Asset Management will pay the market price at the time of acquisition for any Class A Shares purchased or such other price as may be permitted. As at December 31, 2023, the number of Class A Shares issued and outstanding totaled 413,026,253 of which 346,054,943 shares represented the public float. In accordance with the rules of the TSX, the maximum daily purchase on the TSX under this bid will be 203,206 Class A Shares, which is 25% of 812,827. Of the 31,785,036 Class A Shares approved for purchase under Brookfield Asset Management's prior normal course issuer bid that commenced on January 11, 2023 and will expire on January 10, 2024, Brookfield Asset Management purchased 7,250,707 Class A Shares as of December 31, 2023; 822,100 Class A Shares through open market purchases on the TSX and 6,428,607 Class A Shares through open market purchases on the NYSE and/or alternative trading systems. The weighted average price that Brookfield paid per Class A Share acquired under this bid was US$33.43. Brookfield Asset Management is renewing its normal course issuer bid because it believes that, from time to time, the market price of its Class A Shares may not fully reflect the underlying value of its business and its future business prospects. Brookfield Asset Management believes that, in such circumstances, the outstanding Class A Shares represent an attractive investment for Brookfield Asset Management, since a portion of its excess cash generated on an annual basis can be invested for an attractive risk adjusted return through the issuer bid. All Class A Shares acquired by Brookfield Asset Management under this bid will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of Brookfield Asset Management's long-term incentive plans. Brookfield Asset Management also announced that it has entered into an automatic purchase plan in relation to the normal course issuer bid. The automatic purchase plan allows for the purchase of Class A Shares during the term of the normal course issuer bid, subject to certain trading parameters, at times when Brookfield Asset Management ordinarily would not be active in the market due to its own internal trading black-out period, insider trading rules or otherwise. Outside of these periods, Class A Shares will be repurchased in accordance with management's discretion and in compliance with applicable law.
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VSQTF | Hot Stocks07:41 EST Victory Square portfolio company Hydreight provides year-end review - Victory Square Technologies announced that its portfolio company Hydreight Technologies has provided a 2023 year-end review and summary of its progress and growth during the year and defined strategic priorities for 2024. The Company achieved many significant accomplishments throughout the year across all aspects of the business. Key 2023 Highlights: Invested significantly in proprietary technology platform and legal framework to adhere to the complex healthcare regulations in the United States. Added over 1,500 nurses nationally and increased its footprint to over 650 cities across the United States. The Company now has approximately 3,000 nurses on its platform. Provided almost 40,000 services to patients, compared to 15,600 services in 2022, representing an increase of over 150%. Filled 8,786 in total pharmacy orders during the year, compared to 3,021 total orders in 2022, representing an increase of 191%. Filled 3,387 pharmacy orders through its white label solution, compared to 639 orders in 2022, representing an increase of 430%. Grew its doctor network to over 100 doctors across all 50 states. Added aesthetics, NAD+ and semaglutide to its robust product offering to provide more options for its nurse network and better patient outcomes. Added two national med spa franchises to white label solution, with collectively over 90 locations and more locations opening every month. Achieved meaningful quarter over quarter revenue growth throughout the year. Total GAAP Revenue for the nine months ended Sept 30, 2023, was $8.14M, an increase of 216% over same period in 2022. Gross margin for the same period in 2023 was 41.6%, compared to 49% in 2022. 2024 Outlook: From an operational standpoint, Hydreight will remain focused on growing its medical network and adding more nurses on its platform, both organically and through acquisition. Hydreight plans to add more products and services to its offering, including lab testing and 12 blood tests that can be taken at home or office with the support of a nurse. Hydreight will continue rolling out semaglutide to its network, which used together with diet and exercise, can help control blood sugar and has become popular to help with weight management. Semaglutide is only available with a doctor's prescription and needs to be injected on a regular basis. All these products allow healthcare providers using the Hydreight platform to provide a higher level of medicine and shift into medical essentials. Hydreight plans to add a direct sales team to increase white label clients, targeting national med spa franchises by leveraging its mobile clinical network, proprietary technology platform, and pharmacy network. The Company will continue working on strategic tuck-in acquisitions to add more nurses on the platform quickly, as well as significant margin expansion in its pharmacy division. From a financial lens, the Company remains focused on meaningful revenue growth, overall margin expansion and achieving cash-flow positivity on a GAAP basis in H1 2024.
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BABYF | Hot Stocks07:40 EST Else Nutrition launch toddler, kids products in over 150 stores of major chain - Else Nutrition announces the launch of its Toddler Organic, Toddler Omega, Vanilla Kids Shakes, and Chocolate Kids Shakes across 156 stores of a major retail chain in the Northeast and Mid-Atlantic regions, which is part of a larger international grocery group with over 2,000 stores across the United States alone. This expansion strengthens Else's presence in key U.S. markets as well as demonstrates its alignment with a retailer that has a significant global footprint.
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MGDPF CXBMF | Hot Stocks07:39 EST Marathon Gold says leading proxy firms recommend vote for Calibre arrangement - Marathon Gold (MGDPF) announces that leading independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. have each recommended that Marathon shareholders vote "FOR" Marathon's proposed plan of arrangement with Calibre Mining (CXBMF) at the upcoming special meeting of Marathon Shareholders. In making its recommendation, ISS commented: "Vote FOR this resolution as the strategic rationale makes sense, the merger consideration represents a significant premium to the unaffected price, the special committee engaged in a credible process, and non-approval risk remains elevated."
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SURG | Hot Stocks07:39 EST SurgePays closes aqcuisition of ClearLine Mobile - SurgePays has closed the asset purchase agreement to acquire the software development and point-of-sale equipment and operations of DNR Business Solutions Inc. d/b/a ClearLine Mobile. ClearLine Mobile produces a touchscreen display, positioned by the cash register, that is integrated into the SurgePays software platform and markets SurgePays products 24/7 from a central server. SurgePays can advertise its entire suite of products and services while utilizing the POS device for transactions.
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EOSE TTI | Hot Stocks07:39 EST Eos Energy, Tetra Technologies extend partnership - Eos Energy Enterprises, (EOSE) expanded its partnership with TETRA Technologies (TTI), designating TETRA as the preferred strategic supplier of electrolyte products for Eos's new, American made, Eos Z3 long duration energy storage cube. TETRA is expected to supply a minimum of 75% of the total electrolyte product demand going forward. "TETRA is a proven global fluid solution provider, and the Eos strategy has centered around finding raw materials being used in other industries to provide both scale and cost efficiencies," said Joe Mastrangelo, CEO of Eos. "As we scale, we need supply chain partners that can help us achieve growth, reduce cost, and improve overall performance of our battery. This partnership achieves that while we continue to develop a U.S. supply chain." The expected demand growth for Long Duration Energy Storage requires increased volume at scale, and with TETRA's investment in expanded bromine production, Eos is better positioned to achieve the scale necessary over the next several years, while reducing cost per battery and improving overall quality and performance.
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AMAT... | Hot Stocks07:37 EST Applied Materials collaborates with Google to advance next-gen AR platforms - Applied Materials (AMAT) announced it is collaborating with Google (GOOGL) on advanced technologies for augmented reality. The collaboration combines Applied Materials' leadership in materials engineering with Google's platforms, products and services to create lightweight visual display systems for the next wave of AR experiences. Together, the companies aim to accelerate the development of multiple generations of products, applications and services. "Applied Materials is focused on bringing the most advanced and high-performance optical technology to create brilliant, lightweight solutions designed to enable radically new products," said Dr. Paul Meissner, Vice President and General Manager of Applied Materials' Photonics Platforms Business in the Office of the CTO. "Combining our global engineering capabilities with Google's proven platforms, products and services opens endless possibilities for future AR product categories."
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ASM | Hot Stocks07:36 EST Avino Silver & Gold Mines signs long-term land-use agreement for La Preciosa - Avino Silver & Gold Mines has signed a long-term land-use agreement with a local community for the development of La Preciosa in Durango, Mexico. La Preciosa hosts one of the largest undeveloped primary silver resources in Mexico and is located approximately 19 kilometers from the current Avino Mine production operations, which has an operating 2,500 tpd mill processing facility and all the necessary infrastructure to allow for mineral processing from La Preciosa.
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ASTI | Hot Stocks07:35 EST Ascent Solar announces letter of intent to supply yearly solar array orders - Ascent Solar Technologies announced that the Company has signed a LOI with an undisclosed private company to supply future orders that are anticipated to exceed 2-5 MW total from 2027 to 2029 and 100 MW per year within the next decade. "Ascent already manufactures some of the lightest PV products on the market, all of which are an order of magnitude lighter than silicon alternatives, the primary competition for space solar," said Paul Warley, CEO of Ascent Solar Technologies. "Our innovative manufacturing processes build off a portfolio of patents and other intellectual property that allow our expert team of engineers and technicians to continuously enhance materials and products that provide value to our customers. These engineering capabilities coupled with in-house manufacturing and R&D allow our team to further optimize our capabilities into the best products for high growth market applications, whether they be for agrivoltaics, space, drones, or aviation. Most significant is our ability to scale to production volumes that some of the world's most ambitious customers require and meet the high growth demand forecasts for future solar in space application."
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HYZN | Hot Stocks07:34 EST Hyzon Motors reports 2023 vehicle and fuel cell milestones - Hyzon Motors announced business updates reflecting achievement of 2023 commercial and operational milestones. CEO Parker Meeks said, "We deployed 19 FCEVs over three continents, including our first U.S. deliveries, and advanced our industry-leading, single-stack 200kW fuel cell technology from B- to C-sample development. Paired with continued advancement of U.S. and international government investment in the hydrogen ecosystem, we expect significant achievements in 2024, including Start of Production for our 200kW fuel cell system, delivering the first 200kW FCEVs into trial, and advancing our fuel cell vehicle product offering." As of December 31, 2023, Hyzon had deployed 19 vehicles under commercial agreements to customers in 2023, meeting its annual guidance of 15-20 vehicles. Hyzon advanced the commercialization of its single stack 200kW fuel cell system of 25 200kW FCS B-samples, meeting its operational milestones for the second half of 2023. Hyzon now begins its 200kW FCS C-sample development phase. Start Of Production is on track for the second half of 2024. For its fuel cell production facility in the U.S. - Bolingbrook, Ill. -, with less than $5M in remaining capital investments expected to reach SOP, the facility is projected to have initial annual capacity for over 700 200kW FCSs.
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TRMR NEXN | Hot Stocks07:35 EST Tremor International changes name to Nexxen International - Nexxen International announced that, effective immediately, its parent Company name has changed from Tremor International Ltd. to Nexxen International Ltd. following approval by shareholders at the Company's latest Annual General Meeting on December 27, 2023. The Company's change of name to Nexxen International Ltd. is expected to take effect on NASDAQ at 9:30 a.m. ET and on AIM at 8.00 a.m. GMT on January 10, 2024. In connection with the parent Company name change, Nexxen's Ordinary shares and ADRs will begin trading under the ticker "NEXN" in both markets effective January 10, 2024. There are no changes to the Company's Ordinary share structure, ADR structure, CUSIP, ISIN, or SEDOL codes, and shareholders do not need to take any further action as a result of the Company's name or ticker changes. "The changing of our name from Tremor to Nexxen International represents an exciting next step in the rebrand we embarked upon several months ago with a mission to unite our brands, simplify our story, better highlight the holistic value proposition of our unified data-driven end-to-end platform, and more strongly position ourselves as leaders in the video, data, and CTV advertising ecosystems," said Ofer Druker, CEO of Nexxen International.
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DHR | Hot Stocks07:33 EST Danaher, IGI collaborate on gene-editing therapies for rare diseases - Danaher and the Innovative Genomics Institute launched a collaborative center to develop gene-editing therapies for rare and other diseases, with a goal of creating a new model for future development of a wide range of genomic medicines. The center, known as the Danaher-IGI Beacon for CRISPR Cures, aims to use CRISPR-based gene editing to permanently address hundreds of diseases with a unified research, development and regulatory approach. Jennifer Doudna - Nobel laureate, CRISPR pioneer and founder of the IGI - will oversee work at the center at the IGI headquarters alongside Fyodor Urnov, IGI's Director of Technology and Translation and Director of the new Beacon. The collaboration, which enables a substantial new research program at IGI, is the largest Danaher Beacon to date. The Beacons program funds pioneering academic research with the goal of developing innovative technologies and applications for human health. Focus areas for Beacons include genomic medicines, precision diagnostics, next-generation biomanufacturing, human systems and data sciences.
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DTIL TGTX | Hot Stocks07:32 EST Precision BioSciences says two deals with TG Therapeutics have $900M potential - In exchange for global rights to azer-cel for autoimmune diseases and indications outside of cancer, Precision will receive upfront and potential near-term economics valued at $17.5 M. The upfront payment of $7.5 M will consist of cash and the purchase of 2,920,816 shares of Precision common stock by TG Therapeutics at a price of 77c per share, a 100% premium to the 30-day volume-weighted average price VWAP prior to purchase. Precision will also receive $2.5 M within 12 months, as an equity investment in Precision's common stock at 100% premium to the then 30-day VWAP prior to purchase. Upon the achievement of certain near-term clinical milestones, Precision will receive an additional $7.5M payment in cash and the purchase of Precision common stock by TG Therapeutics at a 100% premium to the then current 30-day VWAP. Precision is eligible to receive up to $288 M in additional milestone payments based on the achievement of certain clinical, regulatory, and commercial milestones, in addition to high-single-digit to low-double-digit royalties on net sales..."With this deal and the Imugene oncology collaboration for azer-cel announced in August 2023, Precision has now completed two cell therapy collaborations to realize value from our allogeneic CAR T platform while enabling development of azer-cel for patients in diseases with high unmet need. These transactions are expected to extend our runway and will fund continued development of our wholly owned in vivo gene editing programs. As a result of these two accretive partnerships, Precision has received or is eligible to receive $47M in upfront and potential near-term payments and has the potential to receive more than $900M in development, regulatory and commercial milestone payments," added management.
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LASE | Hot Stocks07:25 EST Laser Photonics receives order from LaserWeld for CleanTech laser system - Laser Photonics received an order from Laserweld Inc. for its CleanTech LPC-1500-CTHD laser blasting system.
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SGNLF | Hot Stocks07:24 EST Signal Gold announces diamond drill results from Goldboro Project - Signal Gold announced additional diamond drill results from the Company's growth exploration program at its Goldboro Project in Nova Scotia. The diamond drill results, comprised of 2,382 metres of drilling in 13 diamond drill holes, targeted near surface gold mineralization to the west of and along strike from the Goldboro Deposit, specifically around the past producing Dolliver Mountain Gold Mine. This drilling is part of the larger growth exploration program that has now successfully tested a 1.1-kilometre strike extent of the Goldboro Trend, including the recently announced drill results that discovered gold mineralization up to 450 metres to the west of previous resource definition drilling. "We continue to be pleased with the results of diamond drilling to the west and along strike from the Goldboro Deposit. The initial drilling at Dolliver Mountain has successfully intersected gold mineralization along a 200-metre strike extent and has now confirmed that the Goldboro mineralized system extends over one kilometre to the west of the Goldboro Deposit. These results also suggest significant potential in the down-plunge eastern projection beneath the Goldboro Deposit at depths greater than 550 vertical metres, in addition to immediate potential along strike to the east and west. We continue to demonstrate the potential scale of the Goldboro Deposit, with mineralization now outlined over a strike length of at least 3.4-kilometres, with further drill results pending that targeted the remaining strike extent between Dolliver Mountain and the Goldboro Deposit," said Kevin Bullock, President and CEO, Signal Gold. The most recent drill results from 13 diamond drill holes included seven instances of visible gold and 40 separate intersections of gold mineralization that are hosted within the same anticline which hosts the Goldboro Deposit. Selected composited highlights from the current drill holes include: 7.4 g/t gold over 1.1 metres in hole BR-23-412 including, 13.01 g/t gold over 0.6 metres; 12.73 g/t gold over 0.6 metres in hole BR-23-409; 10.02 g/t gold over 0.5 metres in hole BR-23-417; and 0.61 g/t gold over 6.0 metres in hole BR-23-410. The initial drilling at Dolliver Mountain has demonstrated that, similar to the Goldboro Deposit, gold mineralization is hosted within multiple stacked argillite and quartz vein zones that are folded into an upright anticline that plunges gently to the east. Gold mineralization is associated with increased alteration including pyrite and arsenopyrite, resulting in the Induced Polarization chargeability high targeted during the current drill program. Drilling tested the host anticline to a vertical depth of 185 metres, and mineralization continues to be open to the west, east, and at depth. The intersection of gold mineralization at Dolliver Mountain also significantly demonstrates the potential for further discovery of gold down-plunge and beneath the Goldboro Deposit below 550 vertical metres. Assays are pending for an additional 19 drill holes totaling 3,813 metres from the growth exploration drill program, which are expected to be reported early in the first quarter of 2024.
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ALIT | Hot Stocks07:24 EST Alight, CirrusMD enter strategic agreement - Alight and CirrusMD announced a strategic agreement to offer a chat-enabled, physician-led, virtual care solution. The partnership is aimed at breaking down barriers to virtual care by providing employees with access to expert physicians across a wide range of health care needs on the Alight Worklife platform.
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DTIL TGTX | Hot Stocks07:23 EST Precision BioSciences to get $47M in near term from TG Therapeutics deal - Precision BioSciences (DTIL) announced completion of a strategic transaction with TG Therapeutics ( TGTX) for an exclusive license to develop Azercabtagene Zapreleucel, azer-ce, for autoimmune diseases, and other indications outside of cancer. "We are excited to extend the utility of our allogeneic CAR T assets into immunology by collaborating with TG Therapeutics as they advance novel treatments for B-cell diseases. ..said Michael Amoroso, President and Chief Executive Officer at Precision BioSciences. "As TG Therapeutics assumes development of azer-cel for immunology, Precision will remain focused on capitalizing on the utility of ARCUS for gene elimination and gene insertion, beginning with our wholly owned PBGENE-HBV program for chronic hepatitis B and PBGENE-PMM for primary mitochondrial myopathy."...In exchange for global rights to azer-cel for autoimmune diseases and indications outside of cancer, Precision will receive upfront and potential near-term economics valued at $17.5M. The upfront payment of $7.5 million will consist of cash and the purchase of 2,920,816 shares of Precision common stock by TG Therapeutics at a price of 77c per share, a 100% premium to the 30-day volume-weighted average price VWAP prior to purchase. Precision will also receive $2.5M within 12 months, as an equity investment in Precision's common stock at 100% premium to the then 30-day VWAP prior to purchase. Upon the achievement of certain near-term clinical milestones, Precision will receive an additional $7.5 M payment in cash and the purchase of Precision common stock by TG Therapeutics at a 100% premium to the then current 30-day VWAP. Precision is eligible to receive up to $288 million in additional milestone payments based on the achievement of certain clinical, regulatory, and commercial milestones, in addition to high-single-digit to low-double-digit royalties on net sales...These transactions are expected to extend our runway and will fund continued development of our wholly owned in vivo gene editing programs. As a result of these two accretive partnerships, Precision has received or is eligible to receive $47M in upfront and potential near-term payments and has the potential to receive more than $900M in development, regulatory and commercial milestone payments," added Mr. Amoroso. Although it has not finalized its full financial results for the year ended December 31 , Precision expects to report that it had approximately $116 million in cash and cash equivalents as of December 31 . Upfront and potential near-term cash from azer-cel transactions, along with existing cash and cash equivalents, expected operational receipts, continued fiscal and operating discipline, availability of Precision's at-the-market ATM facility, and available credit are expected to extend Precision's cash runway into the first half of 2026 and through clinical phase 1 readouts for its wholly owned HBV and PMM programs. Precision will continue to evaluate potential partners for other assets from its allogeneic CAR T platform that are no longer being developed internally, including PBCAR19B stealth cell and BCMA targeting CAR T assets for multiple myeloma.
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SLVTF | Hot Stocks07:21 EST Silver Tiger Metals appoints Yleana Leal to board of directors - The Corporation is pleased to announce the appointment of Yleana Leal to the Board of Directors effective January 9, 2024. Yleana is currently VP, General Manager for Brown-Forman Mexico. The Corporation also announces the resignation of Gabriella Eugenia Sepulveda Elizondo as a Director effective January 9, 2024, as a result of her increased own personal business obligations that limit her availability to serve as a Director.
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WLDS | Hot Stocks07:20 EST Wearable Devices announces commercial launch of Mudra Band at CES - Wearable Devices announces the commercial launch of its Mudra Band at the upcoming 2024 Consumer Electronic Show. Wearable Devices will be showcasing its latest innovations from January 9th to January 12th at the Las Vegas Convention Center, North Hall, Booth #8363 in Las Vegas, Nevada.
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SLVTF | Hot Stocks07:19 EST Silver Tiger Metals provides 2023 summary, 2024 outlook - Glenn Jessome, President and CEO stated "2023 was a transformational year at Silver Tiger as the Corporation made the transition from explorer to developer. We delivered an updated robust Mineral Resource Estimate for the El Tigre Project in September and followed that up with the Preliminary Economic Assessment in November with an NPV of $287 Million US dollars and an IRR of 56%. We now turn our attention to 2024. We currently have 4 drill rigs completing a 25,000 metre drill program. We expect to deliver our Prefeasibility Study and updated Mineral Resource Estimate during the second quarter. Our initial Preliminary Economic Assessment on the underground deposit is expected during the third quarter. In 2024, we will move our low cost highly profitable open pit towards a build decision and will deliver the first economic report for our significant underground resource. It is our belief that 2024 will be a year of value creation for our shareholders." Key Objectives for 2024: With $20.1 million in cash on hand at September 30, 2023, we will complete the planned 25,000 meter drill program during the first half of 2024; Deliver a Prefeasibility Study and an updated Mineral Resource Estimate during Q2-2024; and Deliver a Preliminary Economic Assessment for the permitted underground resource during Q3-2024. 2023 Highlights: In February 2023, the Company closed an $18 million bought deal financing with a syndicate of underwriters led by BMO Capital Markets; Completed 30,000 metres of diamond drilling; Delivered an updated Mineral Resource Estimate for the El Tigre Project in September 2023; and Delivered a Preliminary Economic Assessment in November 2023 with an NPV of $287 million, an IRR of 56% and initial capital costs of $59 million: On-Going Prefeasibility Study Program The Prefeasibility Study program of the Open Pit at El Tigre Project is underway, on-time, and on-budget. The main objectives of the program include a Mineral Resource Update, geotechnical assessment of the proposed Preliminary Economic Assessment pit and enhanced metallurgical studies. The Prefeasibility Study Technical report is expected to be released in Q2-2024. In early 2023 P&E Mining Consultants Inc. of Toronto, Ontario completed the updated Mineral Resource Estimate and were again retained to complete a Prefeasibility Study-level Mineral Resource Estimate update to convert a portion of the Preliminary Economic Assessment-level Indicated to Measured Mineral Resource, as well as convert Preliminary Economic Assessment-level Inferred to Indicated Mineral Resource. The Corporation retained D.E.N.M. Engineering, of Burlington, Ontario, for the Prefeasibility Study-level metallurgical test work. After a review of the Preliminary Economic Assessment-level metallurgical studies were completed, DENM recommended drilling six new PQ-sized metallurgical drill holes along a one-kilometre strike length of the designed Preliminary Economic Assessment open pit. The six metallurgical drill holes have been completed. DENM selected McClelland Laboratories Inc. of Sparks, Nevada to complete the independent Prefeasibility Study metallurgical testing of the gold and silver mineralization at the El Tigre Project. The Company retained Golder/WSP for the Prefeasibility Study-level open pit design criteria. After an extensive desktop review and site visit, Golder recommended drilling thirteen HQ-sized oriented core drill holes in the western and eastern slopes over a two-kilometre strike length of the designed Preliminary Economic Assessment open pit. These thirteen geotechnical drill holes have been completed. With four drill rigs operating on the property, we have already completed 85 of the drill holes or 15,009 metres of the drilling required for the Prefeasibility Study. Underground Mineral Resource to Preliminary Economic Assessment - Q3-2024: The Corporation will also continue to work on this substantial underground Mineral Resource Estimate and advance this towards a Preliminary Economic Assessment by Q3-2024.The Indicated Out-of-Pit Mineral Resource at El Tigre is 21 Moz AgEq grading 279 g/t AgEq contained in 2.3 Mt and the Inferred Mineral Resource is 70 Moz AgEq grading 235 g/t AgEq contained in 9.2 Mt.
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CNNEF | Hot Stocks07:17 EST Canacol Energy says gas sales averaged 160 MMscfpd in December - Canacol Energy provides the following gas sales and drilling operations update. Realized contractual natural gas sales averaged 166 MMscfpd for the period of December 1 to December 20. Beginning December 21 2023 the Corporation performed two scheduled routine maintenance procedures on its Jobo processing plant which interrupted production levels until January 2, 2024, a period where gas demand is typically low due to the Holidays. As such, December realized contractual natural sales averaged 160 MMscfpd. The Corporation anticipates spudding the Clarinete 10 development well by the third week of January 2024, and anticipates that it will take approximately 3 weeks to drill and tie into permanent production.
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VNT | Hot Stocks07:17 EST Vontier divests Coats business to Victor Capital Partners for $72.5M in cash - Vontier announced the sale of its Coats business to Victor Capital Partners for $72.5M, in an all-cash transaction. Coats is projected to report 2023 revenue of approximately $110M and EBITDA of approximately $10M. Financial results for the Coats business are reported within the "Other" segment in Vontier's financials and will be excluded from continuing operations as of the completion date. The transaction closed on January 8. The Coats Company is a global manufacturer of wheel service, alignment, lift and inspection equipment for the automotive market under the iconic Coats brand.
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GCAAF | Hot Stocks07:16 EST Guardian Capital launches GuardBonds Funds - Guardian Capital announced the launch of a new suite of funds called GuardBonds. GuardBonds is new family of investment funds which combine key features of fund investing with buying individual bonds. Each of the mandates in the GuardBonds suite will provide exposure to a diversified portfolio of Canadian-dollar denominated investment grade bonds which have a defined maturity date that corresponds to a specific calendar year.
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GILT | Hot Stocks07:16 EST Gilat Satellite awarded approximately $3M for satellite connectivity project - Gilat Satellite Networks announced that a national police force awarded the company approximately three million dollars for a multi-year project. The national police force selected Gilat's solution. "This award is a testament to market demand for our unique capability to provide world-class satellite connectivity in the most demanding operational environments, along with our world-renowned support and maintenance," said Ori Naor, Gilat's vice president of sales and business development for defense. "I am confident that this new business will lead to additional growth with this customer and will initiate the duplication of similar programs among other organizations in the public safety, military, and government sectors all over the world."
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NVCR | Hot Stocks07:15 EST Novocure enrolls final patient in TRIDENT clinical trial - Novocure announced that the final patient has been enrolled in the global phase 3 TRIDENT clinical trial evaluating the safety and efficacy of initiating Optune Gio concurrent with radiation therapy and temozolomide for the treatment of adult patients with newly diagnosed glioblastoma.
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LTHCF | Hot Stocks07:14 EST Lithium Ionic reports assay results from Salinas Lithium Project - Lithium Ionic reports assay results from the Salinas Lithium Project, located approximately 100 kilometres north of its Itinga group of properties which hosts the Feasibility-stage Bandeira lithium project and the Outro Lado lithium deposit. Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, "Our drilling efforts at Salinas have proved very successful, with assay results that continue to demonstrate high grades over significant widths that reinforce this target's potential. We look forward to seeing the results from the last 9 months of drilling at Salinas materialize into an initial mineral resource, which we expect to deliver in the coming months. While our focus remains on getting Bandeira to production, the advancement of our other regional targets, including Salinas underscores the scalability of our projects in this prolific lithium district."
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ASH | Hot Stocks07:13 EST Ashland announces organization changes to finance, strategy, portfolio - Ashland Inc. (NYSE: ASH), the global additives and specialty ingredients company today announced organization changes to its finance and strategy, mergers and acquisitions (M&A) and portfolio teams, effective immediately. Seth Mrozek, director of investor relations (IR), Ashland, becomes director, portfolio strategy, Ashland, reporting to Jim Minicucci, senior vice president strategy, M&A and portfolio management, Ashland. William Whitaker, vice president, treasury, Ashland, becomes vice president finance and director of investor relations, Ashland, reporting to Kevin Willis, chief financial officer, Ashland. Michael Coppola, finance director, personal care and specialty additives, becomes treasurer, Ashland, reporting to Willis. Michael Miragliotta, senior manager, financial planning and analysis becomes finance director, personal care and specialty additives, Ashland, reporting to Willis.
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CBUS | Hot Stocks07:12 EST Cibus announces breakthrough in wheat regeneration from single cell - Cibus announced that the Company has successfully regenerated plants from single cells in a wheat cultivar. This is a major breakthrough for Cibus as well as for the industry. "In this tour de force, I am proud of our team's persistence, the result of which is the opening of a scalable gene editing process in wheat, which is a major global crop and an important food staple," said Greg Gocal, Executive Vice President and Chief Scientific Officer of Cibus. Initially sequenced a mere five years ago, wheat genomes are some of the largest of all crops, having more than 16 billion letters. They are also very complex with durum wheat comprising the fusion of two genomes and bread wheat from the fusion of three. Given this breakthrough, Cibus intends to develop a family of traits to address the most significant challenges faced by farmers globally for wheat, focusing initially on disease resistance and nitrogen use efficiency.
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IGTA | Hot Stocks07:12 EST Inception Growth Acquisition announces additional contribution to trust account - Inception Growth Acquisition announced that on January 4, 2024, the Company deposited $100,000 into the Company's trust account in order to extend the period of time the Company has to complete a business combination for an additional one month period, from January 13, 2024 to February 13, 2024. The purpose of the extension is to provide additional time for the Company to complete a business combination.
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ALIT | Hot Stocks07:11 EST Alight, CirrusMD team up to delivery physician-led primary care to Alight - Alight and CirrusMD announced a strategic agreement to offer a chat-enabled, physician-led, virtual care solution. The partnership is aimed at breaking down barriers to virtual care by providing employees with access to expert physicians across a wide range of health care needs on the Alight Worklife platform. Employees on the Alight Worklife platform can engage directly with CirrusMD or be prompted to engage after completing Alight's AI-powered Symptom Checker online experience to better understand their healthcare needs and guide them to care options, including virtual care provided by CirrusMD. With Single Sign-On for fast connections to care within 60 seconds, Alight Worklife enhances the participant experience. CirrusMD's Physician-first Care & Guidance approach to virtual primary care provides members with always-on, instant access to a doctor via chat-first modality. The strategic partnership enables employers to select CirrusMD as part of their Alight Healthcare Navigation offering within the Alight Worklife platform. This combined solution provides ongoing navigation to appropriate referrals and resources
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GXO | Hot Stocks07:10 EST GXO Logistics announces new customer Glossier - GXO Logistics announces that following its successful acquisition of PFSweb, it has won Glossier's direct-to-consumer fulfillment operations and will manage its business-to-business order fulfillment to their retail partners in the U.S.
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DPSI | Hot Stocks07:09 EST Decisionpoint Systems announces Steve Smith, CEO signs new 4 year contract - DecisionPoint Systems, announced Steve Smith, CEO, has signed a new four-year contract to lead the Company through December 2027. Stanley Jaworski, DecisionPoint's chairman, commented, "Steve has done a tremendous job developing, implementing and executing on DecisionPoint's organic and acquisition-driven growth strategy. He has driven a greater than 20% revenue CAGR while improving margins and profitability across the board. These outstanding results have been achieved through a business shift towards software and services, and a focus on increasing DecisionPoint's market position both within multiple retail verticals and additional new verticals as well. Speaking for the entire board, we are excited to see the next stage in DecisionPoint's evolution over the coming years."
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MOB | Hot Stocks07:09 EST Mobilicom secures new production-scale for its SkyHopper Pro Lite - Mobilicom announced it has received an initial production-scale order for its cybersecure SkyHopper Pro Lite datalinks from the Israel Aerospace Industries, a government-owned corporation and Israel's major aerospace and aviation manufacturer. Mobilicom's bi-directional software defined radio has been integrated into IAI's loitering drones based on a prior design win as the drones are entering commercial-scale production. This order is expected to be followed by larger purchases orders for Mobilicom's field-proven SkyHopper suite of products as the IAI's loitering drones are demonstrated, tested, and evaluated by additional potential customers worldwide, including the U.S. Department of Defense. "Drones are becoming more important in the battlefield, thus we are seeing increasing interest in our end-to-end solutions" stated Mobilicom CEO and Founder Oren Elkayam. "We've been working closely with IAI and our system has been integrated with the loitering drones which are now headed into production."
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CRON | Hot Stocks07:09 EST Cronos Group expands distribution into Australian market - Cronos Group s expanding distribution into the Australian market with its first shipment of cannabis flower to Vitura Health. Cronos owns approximately 10% of the common shares of Vitura, formerly known as Cronos Australia, and will supply cannabis for Vitura. Cronos intends to help Vitura grow market share and help establish Vitura as a leading cannabis brand in Australia by leveraging the Company's success in flower within the Canadian, Israeli, and German markets. Cronos' investment in R&D, tissue culture and its cannabis genetics breeding program will provide high-quality premium genetics, tailor-made for Vitura patients.
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TNXP | Hot Stocks07:08 EST Tonix Pharmaceuticals presents additional data from TNX-203 SL - Tonix Pharmaceuticals announced the presentation of additional safety and tolerability data from RESILIENT, the second positive Phase 3 study evaluating TNX-102 SL for the management of fibromyalgia, at Biotech Showcase 2024 in San Francisco, January 8-10. As previously announced, RESILIENT met its pre-specified primary endpoint, significantly reducing daily pain compared to placebo in participants with fibromyalgia. Statistically significant and clinically meaningful results were also seen in all key secondary endpoints related to improving sleep quality, reducing fatigue, and improving overall fibromyalgia symptoms and function. Tonix plans to submit a New Drug Application to the U.S. Food and Drug Administration in the second half of 2024 for TNX-102 SL for the management of fibromyalgia. RELIEF, the first Phase 3 trial of TNX-102 SL 5.6 mg in fibromyalgia, was completed in December 2020. It met its pre-specified primary endpoint of daily pain reduction compared to placebo and showed activity in key secondary endpoints.
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MDNA MRK | Hot Stocks07:06 EST Medicenna Therapeutics commences ABILITY-1 study - Medicenna Therapeutics (MDNA) announced initiation of enrollment in the combination arm of the Phase 1/2 ABILITY study evaluating MDNA11, a long-acting, "beta-enhanced not-alpha" interleukin-2 super-agonist, with Merck's(MRK) pembrolizumab. The combination portion of the study is being conducted as part of the previously announced Clinical Trial Supply and Collaboration Agreement1 between Medicenna and Merck and is designed to evaluate the potential for a synergistic effect of MDNA11 with KEYTRUDA(R) in patients with advanced solid tumors. In the Phase 1 monotherapy dose escalation and dose evaluation portions of the study, MDNA11 was well tolerated with promising single-agent activity. As of the data cutoff date of October 26, 2023, responses included: one confirmed durable and deep partial response in a heavily pretreated patient with metastatic pancreatic cancer and primary resistance to checkpoint inhibitor therapy, one deep unconfirmed partial response in a patient with cutaneous melanoma with secondary resistance to CPI, both of whom continue on therapy and, multiple patients with extended stable disease and/or target lesion reductions.
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CYN | Hot Stocks07:06 EST Cyngn announces issuance of a new patent - Cyngn announced the issuance of a new patent, US-11,837,090-B2, for the company's autonomous vehicle and driving solutions. This new patent protects Cyngn's novel adaptive traffic rule-based decision making for autonomous driving that aims to optimize driving decisions in the presence of multiple rules or constraints imposed on an autonomous vehicle by its environment.
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TLRY | Hot Stocks07:05 EST Tilray sees 2024 adjusted EBITDA $68M-$78M - For its fiscal year ending May 31, 2024, the Company is reiterating its adjusted EBITDA target of $68 million to $78 million, representing growth of 11% to 27% as compared to fiscal year 2023. In addition, the Company continues to expect to generate positive adjusted free cash flow.
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TGTX DTIL | Hot Stocks07:04 EST TG Therapeutics announces global license agreement with Precision BioSciences - TG Therapeutics (TGTX) announced that it has entered into an agreement with Precision BioSciences (DTIL) to acquire a worldwide license to Precision's Azercabtagene Zapreleucel, an allogeneic CD19 CAR T cell therapy program for autoimmune diseases and all other non-oncology indications. Azer-cel is an allogeneic CAR T program and the Company has near-term plans to evaluate the program in multiple autoimmune indications, with an investigational new drug (IND) filing targeted for mid-2024. Michael Weiss, Chairman and Chief Executive Officer of TG Therapeutics stated, "We are excited to expand our autoimmune portfolio and leverage our robust drug development and commercialization expertise in partnering with Precision on this CAR T program. We look forward to exploring azer-cel's potential to be a meaningful therapy for patients with various autoimmune disorders with a target IND filing mid-2024." Under the terms of the agreement, TG Therapeutics will receive exclusive worldwide rights to develop and commercialize azer-cel in non-oncology indications, and in exchange, Precision will receive upfront and potential near-term economics valued at $17.5 million. The upfront payment of $7.5 million will consist of cash and the purchase of Precision common stock by TG Therapeutics at a 100% premium to the 30-day VWAP prior to purchase. Precision will also receive $2.5 million in deferred consideration due within 12 months as an equity investment in Precision's common stock at a 100% premium to the then 30-day VWAP prior to purchase. Upon the achievement of certain near-term clinical milestones, Precision will receive an additional $7.5 million payment, consisting of cash and the purchase of Precision common stock by TG at a 100% premium to the then current 30-day VWAP. Precision is also eligible to receive up to $288 million in additional payments based on the achievement of certain clinical, regulatory, and commercial milestones, in addition to high-single-digit to low double-digit royalties on net sales.
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TLRY | Hot Stocks07:04 EST Tilray expects $30M-$35M in total cost savings from HEXO, Truss integrations - Achieved $22 million in operational synergies and identified an additional $5 million cost savings expected to be realized during the back half of the fiscal year. In aggregate, it is expected that total cost savings related to the HEXO and Truss integration will amount to $30-$35 million in this fiscal year.
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CCM | Hot Stocks07:04 EST Concord Medical announces listing of subsidiary on HKSE - Concord Medical Services announced the listing of a minority stake of 39,420,200 H shares in Concord Healthcare Group Co., Ltd., its subsidiary, at an initial public offer price of HK$14.28 per H share on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code 2453.HK. Concord Healthcare's H shares began to trade on the HKSE on January 9. The company previously announced the submission of an application proof to list a minority stake in Concord Healthcare on the HKSE on June 1, 2022. The gross proceeds from the initial public offering of Concord Healthcare on the HKSE are approximately $72.2M. Concord Healthcare intends to apply approximately 59.4% of the net proceeds for repaying part of its interest-bearing bank borrowings, approximately 30.6% of the net proceeds for financing the construction of Shanghai Concord Cancer Center, and approximately 10.0% of the net proceeds for working capital and other general corporate purposes.
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MDWD | Hot Stocks07:03 EST MediWound announces FDA accepted review the sBLA for NexoBrid - MediWound announced that the U.S. Food and Drug Administration, FDA, has completed their filing review and accepted a supplement to the NexoBrid biologics license application, sBLA, for the removal of eschar in pediatric patients with deep partial- and/or full-thickness thermal burns. The sBLA seeks to expand the label for NexoBrid to include both adult and pediatric burn patients of all ages. It is based on the results of a global Phase 3 clinical trial, Children Innovation Debridement Study, which evaluated the safety and efficacy of NexoBrid in hospitalized pediatric patients, as well as additional pediatric data available from Phase 3 and Phase 2 studies conducted during the clinical development of NexoBrid. "The acceptance of the NexoBrid sBLA filing by the FDA marks an important milestone for MediWound and reinforces our commitment to redefine the standard of care for the treatment of severe burns across all age groups," said Ofer Gonen, CEO of MediWound. "NexoBrid is already approved for the adult and pediatric populations in Europe and Japan, and we look forward to working with the FDA, alongside our partner Vericel, throughout the sBLA review process."
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BNTX PFE | Hot Stocks06:59 EST BioNTech provides strategic priorities and company update - BioNTech (BNTX) provided its FY24 revenue guidance as part of its outlined 2024 strategic priorities. Projects company revenues of approximately EUR3B for FY24, mainly driven by the COVID-19 vaccine franchise which is expected to remain profitable given the company's cost sharing structure with its partner Pfizer (PFE). BioNTech ended 2023 with approximately EUR 17.5B in cash, cash equivalents and security investments. The company plans to maintain a strong financial position and generate significant interest income in 2024. BioNTech expects to grow its topline again in 2025. In the outer years, the company projects revenues derived from both oncology and respiratory combination vaccine launches, which are subject to successful development and regulatory approval. Plans to have ten or more potentially registrational trials by the end of 2024 and is preparing to be commercial-ready by the end of 2025. BNT162b2 + BNT161 is an mRNA-based combination vaccine program against COVID-19 and influenza being developed in collaboration with Pfizer. Topline data from the Phase 1/2 trial demonstrated robust immune responses to influenza A, influenza B, and SARS-CoV-2 strains and that the safety profile of the candidates was consistent with the companies' COVID-19 vaccine. In oncology, the Company's pipeline continued to mature in 2023 with various programs advancing towards later stages of development. BioNTech's pipeline currently contains 11 ongoing Phase 2 and 3 trials. In 2024, BioNTech intends to accelerate the development of its portfolio of next-generation investigational medicines both as monotherapies and in combination with immunotherapy agents and other targeted therapies across a wide range of tumor types. BioNTech believes it is well positioned to have ten or more potentially registrational trials in areas of unmet medical need by the end of 2024 in advance of launching its first oncology products from 2026 onwards.
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CAH | Hot Stocks06:52 EST Cardinal Health affirms long-term financial targets - The company reiterated its long-term financial targets reflecting 12% to 14% growth of non-GAAP diluted EPS. The company also announced plans to realign its business to increase its focus on the core and accelerate its growth areas. Effective January 1, the company began operating under an updated enterprise operating and segment reporting structure, which includes two reportable segments Pharmaceutical and Specialty Solutions and Global Medical Products and Distribution. Separate from these two segments, Nuclear and Precision Health Solutions, at-Home Solutions and OptiFreight Logistics will be reported as Other. The company plans to report its second quarter fiscal 2024 results on February 1, according to its former reporting segments and will then report its third quarter fiscal 2024 results and forward on the basis of its updated structure.
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EXK | Hot Stocks06:51 EST Endeavour Silver reports Q4, 2023 production numbers - Endeavour Silver reports full year 2023 production of 5,672,703 silver ounces and 37,858 gold oz, for silver equivalent production of 8.7M oz. Fourth quarter production was 1,396,315 silver oz and 9,440 gold oz for 2.2 million silver equivalent oz.
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PFE GMAB | Hot Stocks06:49 EST Pfizer and Genmab's sBLA for Tivdak accepted by the FDA - Pfizer (PFE) and Genmab (GMAB) announced that the FDA has accepted the supplemental Biologics License Application - sBLA - seeking to convert the accelerated approval of Tivdak - tisotumab vedotin-tftv - to full approval, for the treatment of patients with recurrent or metastatic cervical cancer with disease progression on or after first-line therapy. The application has been granted Priority Review with a PDUFA goal date of May 9. The sBLA is supported by efficacy and safety data from the Phase 3 innovaTV 301 trial in which Tivdak demonstrated superior overall survival, progression-free survival and confirmed objective response rate in patients with previously treated recurrent or metastatic cervical cancer compared to chemotherapy. The safety profile of Tivdak in innovaTV 301 was consistent with its known safety profile as presented in the U.S. prescribing information.
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DNOW | Hot Stocks06:48 EST NOW Inc. to change corporate legal name to 'DNOW Inc.' on January 19 - NOW Inc. announced plans to change its corporate legal name to "DNOW Inc.," effective January 19. The company's ticker symbol, "DNOW", will remain unchanged. "The decision to harmonize our name and brand is underpinned by our commitment to elevate and distinguish DNOW as a solutions-based products and services provider. We are widely recognized as DNOW and the change of the Company's corporate legal name is a natural step in unifying our identity in the marketplace," stated David Cherechinsky, President and CEO of DNOW.
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STN | Hot Stocks06:46 EST Stantec to acquire Morrison Hershfield, terms not disclosed - Stantec has signed an agreement to acquire Morrison Hershfield, a 1,150-person engineering and management firm headquartered in Markham, Ontario. Founded in 1946 and employee-owned, Morrison Hershfield has a top-tier industry reputation in transportation, buildings, and environmental services. Morrison Hershfield has offices in 22 cities in Canada and the United States, and one office in India. With a particularly strong presence in Canada, Morrison Hershfield will increase Stantec's Canadian workforce by approximately 10%. The acquisition, which is being completed by way of a court approved plan of arrangement, is subject to Morrison Hershfield shareholder approval, court approvals, and certain regulatory approvals and is expected to close in Q1 2024. The terms of the transaction are not disclosed.
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UBER | Hot Stocks06:44 EST Uber says DOL rule 'does not materially change the law under which we operate' - CR Wooters, Head of Federal Affairs at Uber, issued the following statement on the U.S. Department of Labor's Worker Classification Rule: "Today, the U.S. Department of Labor issued a Final Rule to help determine whether a worker should be considered an employee or independent contractor under the Fair Labor Standards Act. This rule does not materially change the law under which we operate, and will not impact the classification of the over one million Americans who turn to Uber to earn money flexibly. Drivers across the country have made it overwhelmingly clear - in their comments on this rule and in survey after survey - that they do not want to lose the unique independence they enjoy. As this rule is implemented, we look forward to working with the Biden administration and making sure they continue to hear directly from drivers... As for Uber, we will continue pushing in states around the country for models that provide drivers with both flexibility and benefits, like what our CEO outlined in a New York Times op-ed and what is in our Working Together Priorities. Reference Link
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NGD | Hot Stocks06:42 EST New Gold reports Q4 gold equivalent production 105,082 ounces - New Gold reports fourth quarter and full year operational results for the company as of December 31, 2023. The company is also providing notice that it will release its fourth quarter and full year 2023 financial results after market close on Tuesday, February 13. Fourth quarter consolidated gold equivalent production of 105,082 ounces, a 7% increase over the prior-year period. For the year, gold production exceeded 2023 guidance, with copper production achieving the top end. Rainy River continues to deliver stable production quarter-over-quarter. Both the open pit and underground mines delivered in the quarter, aided by another strong performance from the processing plant. Gold production achieved the top end of 2023 guidance. As a result of the strong fourth quarter operating results, 2023 consolidated gold equivalent production was 423,517 ounces, achieving the top end of 2023 consolidated production guidance.
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MSM | Hot Stocks06:38 EST MSC Industrial backs FY24 ADS view flat to up 5% - Backs FY24 adjusted operating margin view 12%-12.8%. Backs FY24 tax rate view 25%-25.5%. Gershwind concluded, "Looking ahead, despite a slower start to the fiscal year, I am encouraged as we continue building our market position, introducing strategic investments centered on reaccelerating our core customer base and implementing operational initiatives to drive productivity and expand margins. Together, this positions us to achieve our annual revenue growth and adjusted operating margin ranges in fiscal 2024."
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AL... | Hot Stocks06:36 EST Air Lease provides activity update for Q4 - Air Lease (AL) announced an update on aircraft investments, sales, and significant financing activities occurring in Q4. As of December 31, 2023, ALC's fleet was comprised of 463 owned aircraft and 78 managed aircraft, with 334 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2029. Delivered 22 new aircraft from ALC's order book including six Airbus A220s, one Airbus A320neo, eight Airbus A321neos, two Airbus A330-900neos, two Boeing 737-8s, and three Boeing 737-9s. Aircraft investments in the quarter totaled approximately $1.2B. Sold seven aircraft to third-party buyers. Aircraft sales proceeds for the quarter totaled approximately $440M. Issued C$500M of 5.4% senior unsecured medium-term notes. Upsized senior unsecured revolving credit facility to $7.4B from $7.2B.
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TEDU | Hot Stocks06:27 EST Tarena to change ticker symbol - Tarena announced that it will change its ticker symbol on the Nasdaq from (TEDU) to (TCTM) effective on January 10 and that Ying Sun, the company's CEO, will lead the opening bell ceremony at the Nasdaq Capital Market alongside the Company's team on January 10, to celebrate the first day of trading on Nasdaq under the new ticker symbol of (TCTM).
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SCKT | Hot Stocks06:20 EST Socket Mobile announces DuraSled models for iPhone 15 - Socket Mobile announced the arrival of the DuraSled Barcode Scanners for the iPhone 15. Socket Mobile's DuraSled models combine 1D/2D barcode scanning capabilities into a handheld sled case for iPhones, creating a one-handed solution. Currently, Socket Mobile offers four different DuraSled scanners for iPhone users, each containing varying features and benefits that users can choose from based on their data capture needs. Now, compatibility for Apple iPhone 15 has been added for all models, making the DuraSled solutions more versatile and valuable than ever. Employers can now support workers who use the iPhone 15 in addition to supporting several legacy iPhone models, all using the same chargers, accessories, and SDK.
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SOL | Hot Stocks06:15 EST Emeren acquires 10.76 MWh energy storage power portfolio from Kunneng - Emeren announced the successful acquisition of a 10.76 MWh energy storage power portfolio from Kunneng Smart Energy Service Group, which specializes in renewable energy industry, offering comprehensive solutions in solar, energy storage, power sales, and carbon asset management in China. Located in Zhejiang Province, the 10.76 MWh portfolio comprises six energy storage power stations, operates under the Energy Management Services agreements providing benefits to the customers based on energy arbitrage.
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MOD | Hot Stocks06:08 EST Modine Manufacturing, Bosch Rexroth partner on thermal management - Bosch Rexroth announced a partnership with Modine. The two organizations are collaborating to bring Modine EVantage thermal management systems to the Bosch Rexroth portfolio of eLION products for electrified off-highway machinery worldwide. Together, Rexroth eLION systems with Modine EVantage thermal management systems advance the electrification of customer platforms in the off-highway segment by delivering low emissions and high-performance EV technology. Bosch Rexroth worked with Modine because of its specialization in complete commercial EV thermal management systems. Modine designed a fully integrated, liquid-cooled thermal management solution for the eLION portfolio. The eLION portfolio includes a permanent magnet synchronous electric motor, electric inverter, onboard charger, DC-DC converter, power distribution unit, high voltage cables with plugs, and a controller. The thermal management system from Modine works seamlessly with the eLION portfolio to maintain optimal battery temperature, efficiently cool power electronics, and ensure passenger comfort.
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ELTX | Hot Stocks06:07 EST Elicio Therapeutics' ELI-002 shows antitumor efficacy in published Phase 1 trial - Elicio Therapeutics announced the publication of data from the Phase 1 - AMPLIFY-201 - study of ELI-002 2P in Nature Medicine. The paper details expanded and updated results originally presented at the 2023 American Society of Clinical Oncology Annual Meeting and the 2023 AACR Special Conference on Pancreatic Cancer. Publication highlights include: direct ex vivo mKRAS-specific T cell responses were observed in 21/25 patients. Tumor biomarker responses were observed in 21/25 patients - 84% - and biomarker clearance in 6/25 patients, as determined by tumor-informed circulating tumor DNA. At 8.5 months median follow-up the median RFS of the 25-patient cohort was 16.33 months. Efficacy correlated with T cell response: median tumor biomarker reduction was -76.0% compared to -10.2% in above versus below median T cell responders, respectively. Median RFS was not reached compared to 4.01 months in above versus below median T cell responders, respectively. Patients with greater than median T cell response had an 86% reduction in the risk of progression or death. The association of RFS with T cell response was not correlated to baseline prognostic variables. RFS was shorter in patients who began treatment with a low absolute lymphocyte count. No safety concerns were identified, and no dose limiting toxicities and no greater than or equal to grade 3 treatment related adverse events were observed.
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BIIB ESAIY | Hot Stocks06:04 EST Biogen, Eisai report Leqembi approved in China for Alzheimer's treatment - Eisai Co. (ESAIY) and Biogen (BIIB) announced that humanized anti- soluble aggregated amyloid-beta monoclonal antibody "LEQEMBI" has been approved in China as a treatment of mild cognitive impairment due to Alzheimer's disease and mild AD dementia. Preparations for launch within the second quarter of Eisai's FY 2024, July 1 - September 30, 2024, are underway, the companies stated. Reference Link
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CTRE | Hot Stocks06:04 EST CareTrust REIT acquires Southern California assisted living facility - CareTrust REIT announced that it has acquired The Villas at San Bernardino, a 78-unit assisted living and memory care facility located in San Bernardino, California. In connection with its acquisition of the facility, CareTrust and a third-party regional healthcare real estate investor entered into a joint venture arrangement under which CareTrust provided a combined common equity and preferred equity investment amount totaling $10.7M. CareTrust is the managing member of the joint venture entity. CareTrust's initial contractual yield on its combined preferred and common equity investments in the joint venture is approximately 9.3%. The facility will be operated by Oxford Health Group, a new operator relationship for CareTrust. Oxford is a midsize California seniors housing operator that focuses on strategically integrating healthcare services into its communities, allowing higher acuity residents to further age in the community setting. Oxford and the joint venture landlord entered into a new, triple-net lease agreement that provides for 2% fixed annual rent escalators, a 10-year initial term, and four, 5-year extension options.
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GSK | Hot Stocks06:02 EST GSK to acquire Aiolos Bio for $1B upfront - GSK and Aiolos Bio announced that they have entered into an agreement under which GSK will acquire Aiolos, a clinical-stage biopharmaceutical company focused on addressing the unmet treatment needs of patients with certain respiratory and inflammatory conditions, for a $1B upfront payment and up to $400M in certain success-based regulatory milestone payments. The acquisition provides GSK with access to Aiolos' AIO-001, a potentially best-in-class, long-acting anti-thymic stromal lymphopoietin monoclonal antibody ready to enter phase II clinical development for the treatment of adult patients with asthma, with potential for additional indications including chronic rhinosinusitis with nasal polyps. AIO-001 was exclusively licensed to Aiolos outside of Greater China by Jiangsu Hengrui Pharmaceuticals. Under the terms of the agreement, GSK will pay a $1B upfront payment and up to $400M in certain success-based regulatory milestone payments. In addition, GSK will also be responsible for success-based milestone payments as well as tiered royalties owed to Hengrui. This transaction is subject to customary conditions, including applicable regulatory agency clearances under the Hart-Scott-Rodino Act in the U.S.
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EMBC | Hot Stocks06:02 EST Embecta announces FDA 510(k) submission for insulin patch pump - Embecta announced that it has submitted a 510(k) premarket filing to the U.S. FDA for a proprietary disposable insulin delivery system.
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ACMR | Hot Stocks06:02 EST ACM Research raises FY23 revenue view to $530M-$545M from $520M-$540M - Consensus for FY23 revenue is $531.07M.
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GSK | Hot Stocks05:59 EST GSK enters agreement to acquire Aiolos Bio; deal includes $1B upfront payment - GSK plc and Aiolos Bio, Inc. announced that they have entered into an agreement under which GSK will acquire Aiolos, a clinical-stage biopharmaceutical company focused on addressing the unmet treatment needs of patients with certain respiratory and inflammatory conditions, for a $1B upfront payment and up to $400M in certain success-based regulatory milestone payments. In addition, GSK will also be responsible for success-based milestone payments as well as tiered royalties owed to Hengrui. The acquisition provides GSK with access to Aiolos' AIO-001, a potentially best-in-class, long-acting anti-thymic stromal lymphopoietin monoclonal antibody ready to enter phase II clinical development for the treatment of adult patients with asthma, with potential for additional indications including chronic rhinosinusitis with nasal polyps, GSK said in a statement. This transaction is subject to customary conditions, including applicable regulatory agency clearances under the Hart-Scott-Rodino Act in the US. Tony Wood, Chief Scientific Officer, GSK, said: "We have a proud heritage and deep development expertise in respiratory medicines, especially addressing diseases driven by IL-5 with high levels of eosinophils or high T2 inflammation. Adding AIO-001, a potentially best-in-class medicine targeting the TSLP pathway, could expand the reach of our current respiratory biologics portfolio, including to the 40% of severe asthma patients with low T2 inflammation where treatment options are still needed." Reference Link
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NRAC | Hot Stocks05:56 EST Northern Revival Acquisition, Braiin Limited announce proposed $572M combination - Northern Revival Acquisition and Braiin Limited, an Australian technology company, filed a registration statement on Form F-4, which contains a preliminary proxy statement/prospectus, with the SEC in connection with their proposed business combination. The registration statement was filed by Braiin Holdings, a newly formed entity that will serve as the combined publicly-traded entity following the closing of the proposed business combination. On January 2, NRAC and Braiin filed the registration statement. On October 1, 2023, Braiin, NRAC, Braiin Holdings, and other parties to the business combination agreement that was signed in March 2023 entered into an amended and restated business combination agreement, which, among other things, increased the combined company proforma enterprise value to approximately $572M, primarily based on acquisition agreements entered into between Braiin and Vega Global Technologies, a company with agreements to acquire Exato Technologies, Nisus Australia Pty and Nisus Payroll. The agreements with Exato and Nisus are contingent upon the closing of the business combination. The business combination between Braiin and NRAC is expected to be completed in the first quarter of 2024, according to a statement.
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ABBV | Hot Stocks05:52 EST AbbVie launches Produodopa in European Union - AbbVie announced the launch of Produodopa in the European Union for the treatment of advanced Parkinson's disease with severe motor fluctuations and hyperkinesia or dyskinesia, and when available combinations of Parkinson's medicinal products have not given satisfactory results.
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STLA... | Hot Stocks05:41 EST Stellantis, BlackBerry QNX and AWS launch virtual cockpit - Stellantis (STLA) led the creation of the world's first virtual cockpit platform as part of its Stellantis Virtual Engineering Workbench, or VEW, enabling the delivery of infotainment tech to customers 100 times faster than previous processes. The new platform uses the QNX Hypervisor in the cloud from BlackBerry (BB), which is now on early access release via AWS Marketplace (AMZN) within the QNX Accelerate portfolio of cloud-based tools. Stellantis can now create realistic virtual versions of car controls and systems, making them behave just like they would in a real car, but without needing to change the main software that runs them, taking what used to take months to be achieved down to 24 hours in some cases.
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THCH | Hot Stocks05:24 EST TH International opens tenth Popeyes store in Shanghai - TH International announced the grand opening of its tenth Popeyes store in Shanghai. In March, Tims China acquired the exclusive rights to operate and franchise Popeyes in mainland China and Macau. Since then, Tims China has repositioned the Popeyes brand for the Chinese market and has sold over 150,000 pieces of its original American crispy chicken. Looking ahead, Popeyes is set to expand across China, with plans to open 500 more stores in the next five years and 1,700 stores over the next decade.
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ZIM | Hot Stocks05:13 EST ZIM Integrated enters pact with Hoopo Systems for deployment of tracking devices - ZIM Integrated announced an agreement with Hoopo Systems for the wide-scale deployment of tracking devices in its dry-van container fleet. In 2022, ZIM announced an investment in Hoopo Systems, specializing in the development of tracking solutions for unpowered assets. Lately, Hoopo completed the development of hoopoSense Solar, its new product for the maritime industry, enabling ZIM to outline an extensive project to integrate these tracking devices into ZIM's dry-van container fleet.
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