Stockwinners Market Radar for January 10, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
INFN | Hot Stocks19:31 EST Infinera sees preliminary Q3 EPS, revenue within or exceeding guidance - Infinera Chief Financial Officer Nancy Erba said "I am pleased with our financial performance in the third and fourth quarters of 2023 and our strong finish to the year. We remain focused on completing the work necessary to be able to get our third quarter Form 10-Q on file as soon as possible. In the fourth quarter, we benefited from strong bookings, free cash flow generation and preliminary revenue and preliminary net income per diluted share that are expected to be within or exceed the outlook ranges we previously provided."
|
HCM | Hot Stocks19:00 EST Hutchmed announces NDA acceptance in China for sovleplenib - Hutchmed announced that the New Drug Application for sovleplenib for the treatment of adult patients with primary immune thrombocytopenia has been accepted for review and granted priority review by the China National Medical Products Administration. Sovleplenib is a novel, selective, oral inhibitor targeting spleen tyrosine kinase, being developed for the treatment of hematological malignancies and immune diseases. The NDA is supported by data from ESLIM-01, a randomized, double-blinded, placebo-controlled Phase III trial in China of sovleplenib in 188 adult patients with primary ITP who have received at least one prior line of standard therapy. In August 2023, HUTCHMED announced that the trial had met its primary endpoint of demonstrating a clinically meaningful and a statistically significant increase in durable response rate in patients treated with sovleplenib as compared to patients treated with placebo. Secondary endpoints including response rate and safety were also met. Full results will be published in due course. Results from the proof of concept study that led to the ESLIM-01 study were published in The Lancet Haematology.
|
SDHC | Hot Stocks18:44 EST Smith Douglas Homes IPO expected to be priced at $18-$21 per share - Smith Douglas Homes announced the launch of the initial public offering of 7,692,308 shares of its Class A common stock. The initial public offering price is currently expected to be between $18.00 and $21.00 per share. Smith Douglas expects to grant the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock at the initial public offering price, less the underwriting discount. Smith Douglas has applied to list its common stock on the New York Stock Exchange under the ticker symbol "SDHC." J.P. Morgan, BofA Securities, RBC Capital Markets, Wells Fargo Securities, Wolfe Nomura Alliance and Zelman Partners LLC are acting as joint book-running managers for the proposed offering. Fifth Third Securities, Regions Securities LLC, Wedbush Securities and Whelan Advisory Capital Markets are acting as co-managers.
|
$ETH... | Hot Stocks17:56 EST Grayscale gets SEC approval for Grayscale Bitcoin Trust to list as spot ETF - Grayscale Investments, the world's largest crypto asset manager announced that the U.S. Securities and Exchange Commission or SEC has approved NYSE Arca's application pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to list the shares of its flagship product, Grayscale Bitcoin Trust (GBTC) and is expected to declare GBTC's registration statement on Form S-3 effective as of 5:00 p.m. EST . The approval of the application and effectiveness of the registration statement will allow GBTC to operate as a spot Bitcoin ETF and will make it among the first such products to be brought to market in the U.S. GBTC shares will be listed on NYSE Arca under the Ticker: GBTC. Shares of GBTC are expected to commence trading on NYSE Arca on January 11 . Once GBTC shares start trading on NYSE Arca, GBTC shares will cease trading on the OTC Markets and will have automatically been uplisted to NYSE Arca as shares of a spot Bitcoin ETF. Current GBTC shareholders do not have to take any action prior to GBTC's expected uplisting to NYSE Arca...Once the shares are listed on NYSE Arca, the Trust intends to issue additional shares on a registered basis under the Securities Act of 1933. Other symbols and stocks in the cryptocurrency space include: lude Riot Blockchain (RIOT), Marathon Digital (MARA), Coinbase (COIN) and MicroStrategy (MSTR).
|
GD | Hot Stocks17:45 EST General Dynamics awarded $170.8M Air Force contract task order - General Dynamics was awarded a $170.8M task order for Air Force Civil Engineer Center Control System cybersecurity services. This task order provides the capability to research and develop new Civil Engineer Control System lifecycle strategies and methods to result in less vulnerable and more cost-effective Civil Engineer Control System deployments worldwide. Work will be performed at 188 Air Force installations worldwide and is expected to be completed by Feb. 9, 2029. This contract was a competitive acquisition, and five offers were received. Fiscal 2024 operation and maintenance funds in the amount of $31.14M are being obligated at time of award.
|
GD | Hot Stocks17:43 EST General Dynamics awarded $438.52M Navy contract modification - General Dynamics was awarded a not-to-exceed $438.52M cost-plus-fixed-fee modification to a previously awarded undefinitized contract action for the maintenance, modernization, and repair of USS Chung-Hoon and USS James E. Williams fiscal 2024 Depot Maintenance Period availabilities. The scope of this acquisition includes all labor, materials, supervision, equipment, production, testing, facilities, and quality assurance necessary to prepare for and accomplish the Chief of Naval Operations Availabilities for critical modernization, maintenance and repair programs. This contract includes options, which, if exercised, would bring the cumulative value of this contract to $864.14M. If all options are exercised, work will continue through November 2030. Naval Sea Systems is the contracting activity.
|
GSD | Hot Stocks17:35 EST Global System Dynamics receives Nasdaq notice of noncompliance - Global System Dynamics announced that it received notification from The Nasdaq Stock Market LLC that it is not in compliance with the Nasdaq's annual shareholder meeting requirement, pursuant to Nasdaq Listing Rule 5620(a). On January 5, 2024, Nasdaq notified the company in a letter that it did not comply with Nasdaq Listing Rule 5620(a), which requires listed companies to hold an annual shareholder's meeting no later than one year following its last fiscal year. To date, the company has not held its annual shareholder's meeting. The Notice Letter stated that such deficiency would be an additional factor considered by the Nasdaq Hearing Panel in the company's hearing regarding delisting from the Nasdaq. The company is in the process of scheduling the annual shareholder's meeting, which date will be provided to its shareholders on further notice.
|
SPLP | Hot Stocks17:32 EST Steel Partners abandons reverse/forward unit split - Steel Partners will abandon its 1-for-12,500 reverse unit split of its common units, no par value, followed immediately by a 12,500-for-1 forward unit split of the company common units. The Reverse/Forward Unit Split was previously extended on January 8 and was expected to become effective on January 11.
|
BBIO | Hot Stocks17:17 EST BridgeBio reports positive results from Phase 3 ATTRibute-CM study of acoramidis - BridgeBio Pharma announced that positive results from its Phase 3 ATTRibute-CM study of acoramidis for patients with ATTR-CM were published in the New England Journal of Medicine. ATTRibute-CM was designed to study the efficacy and safety of acoramidis, an investigational, next-generation, orally-administered, small molecule stabilizer of transthyretin. "The consistent benefits of acoramidis treatment demonstrated by the ATTRibute-CM results, especially in the context of contemporary ATTR-CM care, are striking and encourage its potential use," said Professor Julian Gillmore, M.D., Ph.D., head of University College London's Centre for Amyloidosis and research lead at the UK National Amyloidosis Centre. "Given the efficacy and safety of acoramidis demonstrated in this trial, I am hopeful that it will soon be available to the benefit of the growing global population of patients diagnosed with ATTR-CM." The ATTRibute-CM study demonstrated a significant treatment effect of acoramidis in the primary analysis that compared, in a hierarchical manner, all-cause mortality, cardiovascular-related hospitalization, N-terminal prohormone of brain natriuretic peptide, and 6-minute walk distance. Findings presented in the NEJM support acoramidis as an effective and safe treatment option for patients with ATTR-CM and reinforce the hypothesis that greater stabilization of TTR may be associated with improved clinical outcomes.
|
ZLAB | Hot Stocks17:17 EST Zai Lab announces NEJM published data from TRIDENT-1 study - Zai Lab announced The New England Journal of Medicine, or NEJM, has published data from the registrational Phase 1/2 TRIDENT-1 study evaluating repotrectinib in patients with ROS1 fusion-positive non-small cell lung cancers, or NSCLCs. Repotrectinib is a tyrosine kinase inhibitor, or TKI, that has shown robust anti-tumor activity against ROS1+ cancers in preclinical models. In the TRIDENT-1 study, repotrectinib demonstrated high response rates and durable activity in patients with ROS1+ NSCLC, including patients with TKI-naive and TKI-pretreated tumors, ROS1 G2032R resistance mutations and brain metastases. Treatment with repotrectinib was generally well tolerated with a manageable safety profile compatible with long-term administration. Turning Point Therapeutics, a wholly owned subsidiary of the Bristol-Myers Squibb Company, sponsored and designed the global, registrational TRIDENT-1 study. In August 2022, Bristol Myers Squibb acquired the company, including its asset repotrectinib. As part of its exclusive license agreement with Turning Point Therapeutics to develop and commercialize repotrectinib in Greater China, Zai Lab participated and enrolled 81 patients for this trial. Every year in China, more than 800,000 people are newly diagnosed with lung cancer, and NSCLC accounts for approximately 85% of the cases. ROS1 rearrangements occur in less than or equal to2% of patients with NSCLC1. Brain metastases are common among patients with ROS1+ NSCLC and intracranial activity of approved ROS1 TKIs can be suboptimal.
|
OXY | Hot Stocks17:01 EST Occidental Petroleum says total company production 'within guidance range' - Occidental Petroleum is providing the following summary of earnings considerations that management believes will impact results for the fourth quarter of 2023. Factors expected to impact fourth quarter of 2023 results include: Due to Occidental's outstanding operational performance during the fourth quarter of 2023, the company overcame a third party outage in the eastern Gulf of Mexico and total company production is expected to remain within the guidance range. On November 16 at the request of the Main Pass Oil Gathering MPOG system operator, Occidental temporarily halted certain operations in the eastern Gulf of Mexico. Guidance to restart production is expected in the coming weeks.This information was contained in a company regulatory filing.
|
AGI | Hot Stocks17:01 EST Alamos Gold reports Q4 total gold production 129,500 ounces - Alamos Gold Inc. reported fourth quarter and annual 2023 production. The Company also provided updated three-year production and operating guidance. "We finished 2023 with another strong quarter, achieving the top end of our increased annual guidance with record production of 529,300 ounces of gold. This represented a 15% increase from 2022, at lower costs, driving a record financial performance and strong free cash flow, all while continuing to invest in high-return, low-cost growth," said John A. McCluskey, President and Chief Executive Officer. "We expect this strong performance to continue with growing production and declining costs over the next several years. Mulatos continues to outperform, supporting an increase in our 2024 production guidance. The Phase 3+ Expansion at Island Gold remains on track to deliver further production growth, decreasing costs, and substantial free cash flow growth into 2026 and beyond. We are advancing our other growth initiatives with the development plan for PDA expected to be completed later this quarter, outlining additional production upside as early as 2026, and with Lynn Lake to provide further low-cost production growth as early as 2027. We have also increased our exploration budget to the highest level in our history reflecting the ongoing success and significant upside we see across our asset base," Mr. McCluskey added.
|
TTGT | Hot Stocks17:00 EST Tech Target trading resumes
|
BTC... | Hot Stocks16:36 EST SEC approves listing and trading of spot bitcoin exchange-traded products - SEC Chair Gary Gensler issued the following statement on the approval of spot bitcoin exchange-traded products: "Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. I have often said that the Commission acts within the law and how the courts interpret the law. Beginning under Chair Jay Clayton in 2018 and through March 2023, the Commission disapproved more than 20 exchange rule filings for spot bitcoin ETPs. One of those filings, made by Grayscale, contemplated the conversion of the Grayscale Bitcoin Trust into an ETP. We are now faced with a new set of filings similar to those we have disapproved in the past. Circumstances, however, have changed. The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale's proposed ETP (the Grayscale Order). The court therefore vacated the Grayscale Order and remanded the matter to the Commission. Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares... Importantly, today's Commission action is cabined to ETPs holding one non-security commodity, bitcoin. It should in no way signal the Commission's willingness to approve listing standards for crypto asset securities. Nor does the approval signal anything about the Commission's views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws. As I've said in the past, and without prejudging any one crypto asset, the vast majority of crypto assets are investment contracts and thus subject to the federal securities laws... Though we're merit neutral, I'd note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that's also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing. While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto." Publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF). Reference Link
|
VRTS | Hot Stocks16:35 EST Virtus Investment reports preliminary AUM of $172.3B as of December 31, 2023 - Virtus Investment Partners reported preliminary assets under management of $172.3B as of December 31, 2023. The increase from September 30, 2023 primarily reflects market performance and net inflows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. In addition, the company provided services to $2.6B of other fee-earning assets, which are not included in assets under management.
|
HL | Hot Stocks16:34 EST Hecla Mining reports 2023 silver production 14.3M ounces - Silver production of 14.3 million ounces exceeded 2022 production of 14.2 million ounces, despite the temporary shutdown at the Lucky Friday mine since August 2023. As expected, annual gold production decreased 14% as Casa Berardi transitions to an open pit mine; Greens Creek gold production increased 26%. Commenced restart at the Lucky Friday; ramp-up to full production and receipt of insurance payments expected to commence in the first quarter of 2024. Keno Hill produced 1.5 million ounces, with the Bermingham deposit achieving the highest mined tonnage in December; initiated a safety action plan to build a strong operational foundation at the mine. "Hecla faced multiple challenges in 2023 with the fire at the Lucky Friday mine and improving the safety culture at Keno Hill, but despite these challenges, silver production exceeded last year as Greens Creek delivered another strong year, Lucky Friday's production through July with our patented UCB method produced more silver than the mine typically produced in a full year with the old mining method, and the roughly half year of production at Keno Hill shows its potential to be a meaningful producer," said Phillips S. Baker, Jr., Hecla's President and CEO. "As planned, we began the transition of Casa Berardi's production to surface mining, which lowered production but increased margins."
|
HBAN | Hot Stocks16:32 EST Huntington Bancshares' Chief Technology & Operations Officer Paul Heller retires - Huntington Bancshares announced the retirement of Paul Heller, Chief Technology and Operations Officer, effective March 1. Heller has held the top technology role since joining Huntington in 2012. He is currently responsible for the bank's information technology, operations, digital, payments, and transformation initiatives. In conjunction with Heller's retirement, effective March 1, 2024, Amit Dhingra, Chief Enterprise Payments Officer; Kendall Kowalski, Chief Information Officer; and Prashant Nateri, Chief Corporate Operations Officer, will all join Huntington's executive leadership team and report to CEO Steve Steinour. Dhingra has been with Huntington for nine years and holds prior experience with Proctor & Gamble, McKinsey & Company, and U.S. Bank throughout his 27-year career. Kowalski has been with Huntington for 10 years and has a total of 28 years in the industry, an alumnus of Accenture and JP Morgan Chase. Nateri is a 26-year industry veteran and has been with Huntington for 11 years, with prior experience with JP Morgan Chase and Cambridge Technology Partners.
|
TTGT IFPJF | Hot Stocks16:32 EST Informa to combine Informa Tech's digital units with TechTarget - TechTarget (TTGT) and Informa (IFPJF) announced that the companies have entered into a definitive agreement whereby Informa PLC will combine Informa Tech's digital businesses with TechTarget to create a leading global platform in B2B Data and Market Access, focused on helping vendors in enterprise technology and other markets accelerate revenue growth. The combined company ("New TechTarget") is expected to position TechTarget as a unique end-to-end solution provider across the go-to-market: from strategy, messaging and content development to in-market activation via brand, demand generation, purchase intent data and sales enablement. The combination brings scale benefits, diversified revenue streams and strategic expansion opportunities by expanding TechTarget's current addressable market and enhancing the resilience of its business by increasing its presence in new markets and new buyer personas. Informa PLC will contribute its Informa Tech digital businesses and $350 million of cash in exchange for a 57% stake in the combined company. The $350 million of cash, or approximately $11.79 per outstanding TechTarget share, will be paid to existing TechTarget shareholders upon completion of the transaction. Existing TechTarget shareholders will also retain a 43% equity stake in New TechTarget, allowing them to participate in the long-term value creation of the combined company. "The addition of Informa Tech's digital businesses has the ability to accelerate TechTarget's strategic roadmap by allowing it to continue to innovate leading products, offer customers end-to-end solutions and grow profitably and create a platform to complete meaningful strategic acquisitions," said Gregory Strakosch, Executive Chairman and Co-Founder of TechTarget. "Following a robust evaluation by the Board of Directors of strategic alternatives focused on enhancing shareholder value, the Board unanimously believes the proposed transaction is highly attractive to our shareholders, providing immediate cash value as well as the opportunity to continue to participate in the long-term value-creation of a larger, more diversified and stronger combined company."
|
CMC | Hot Stocks16:31 EST Commercial Metals increase share repurchase authorization by $500M - Commercial Metals Company announced that its Board of Directors has authorized an increase of $500M to the company's existing common stock repurchase program, bringing the aggregate capacity of the program to $850M. Approximately $310M of the company's common stock has been repurchased under the existing program since its authorization in October 2021.
|
SAP | Hot Stocks16:30 EST SAP pays over $220M to resolve Foreign Corrupt Practices Act probe - SAP will pay over $220M to resolve investigations by the U.S. Justice Department and the Securities and Exchange Commission into violations of the Foreign Corrupt Practices Act, the Justice Department announced. SAP's resolution with the department "stems from schemes to pay bribes to government officials in South Africa and Indonesia. The department's resolution is coordinated with prosecutorial authorities in South Africa, as well as with the SEC," the agency said in a statement. According to court documents, SAP entered into a three-year deferred prosecution agreement with the department in connection with a criminal information filed in the Eastern District of Virginia charging the company with two counts: conspiracy to violate the anti-bribery and books and records provisions of the FCPA relating to its scheme to pay bribes to South African officials, and conspiracy to violate the anti-bribery provision of the FCPA for its scheme to pay bribes to Indonesian officials. Reference Link
|
PFE | Hot Stocks16:30 EST Pfizer recommends shareholders reject mini-tender offer by TRC Capital - Pfizer announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation of Ontario, Canada to purchase up to 4 million shares of Pfizer common stock at a price of $27.35 per share in cash. TRC Capital Investment's offer price of $27.35 per share is approximately 4.4 percent lower than the $28.61 closing share price of Pfizer's common stock on December 27, 2023 - the business day prior to the date of the offer. The offer is for approximately 0.071 percent of the shares of Pfizer common stock outstanding as of the December 28, 2023 offer date. Pfizer does not endorse TRC Capital Investment's unsolicited mini-tender offer and recommends that stockholders do not tender their shares in response to TRC Capital Investment's offer because the offer is at a price below the current market price for Pfizer's shares and subject to numerous conditions. Pfizer is not affiliated or associated in any way with TRC Capital Investment, its mini-tender offer or its offer documentation.
|
VCTR | Hot Stocks16:29 EST Victory Capital reports AUM of $166.6B as of December 31, 2023 - Victory Capital Holdings reported assets under management of $166.6B as of December 31, 2023, and average assets under management for December of $163.5B. The company also reported long-term net flows in the fourth quarter of -$1.1B.
|
C | Hot Stocks16:27 EST Citi recorded $1.3B reserve build in Q4 - In a regulatory filing, Citigroup stated that in the fourth quarter of 2023 pretax results for Citi were impacted by the following new discrete item: Citi recorded a $1.3B reserve build in the quarter related to increases in transfer risk associated with exposures outside the U.S., driven by safety and soundness considerations under U.S. banking law; more specifically, cross-border and cross-currency exposures in Argentina ($720M), based on prevailing economic trends, currency devaluation and geopolitical risk that may impact Argentina's ability to sustain external debt service, and in Russia ($580M) for the prolonged political and economic instability. The filing also states: "In addition, Citi's fourth quarter of 2023 pretax results were impacted by the following items previously discussed by Citi, but which have now been finalized, and are being disclosed for transparency purposes: Citi recorded an approximate $1.7B charge to operating expenses in the quarter (previously estimated to be up to $1.5B in Citi's 3Q23 Form 10-Q, and subsequently estimated to be approximately $1.65B during a recent Citi investor presentation) related to the Federal Deposit Insurance Corporation special assessment... Citi recorded an approximate $880M translation loss in revenues in Argentina in the quarter, as a result of the recent devaluation of the Argentine peso. This decrease in revenues impacted Services, Markets and Banking... Citi also generated net interest income of approximately $250 million on its net investments in Argentina in the fourth quarter of 2023, which is not included above... Citi recorded approximately $780M in restructuring charges in the quarter, largely driven by severance, non-cash asset impairments and other related charges, as part of Citi's implementation of its organizational and management simplification initiatives as of year-end 2023... These items will be reflected in Citi's fourth quarter and full-year 2023 earnings materials to be released on January 12, 2024." Reference Link
|
RMCF | Hot Stocks16:25 EST Rocky Mountain Chocolate targets return to profitability in FY25 - Sarlls continued, "As we close fiscal 2024, the actions we have taken over the past year have laid the groundwork for the future of the Company, and we believe we are approaching an inflection point that will enable Rocky Mountain Chocolate to return to growth and profitability in fiscal 2025."
|
TTGT | Hot Stocks16:25 EST Tech Target trading halted, news pending
|
APAM | Hot Stocks16:23 EST Artisan Partners reports December AUM $150.2B - Artisan Partners Asset Management reported that its preliminary assets under management as of December 31, 2023 totaled $150.2 billion. Artisan Funds and Artisan Global Funds accounted for $72.8 billion of total firm AUM, while separate accounts and other AUM1 accounted for $77.4 billion. In December, certain Artisan Funds made their annual income and capital gains distributions. December month-end AUM includes the impact of approximately $115 million of Artisan Funds distributions not reinvested.
|
DHT | Hot Stocks16:21 EST DHT Holdings sees Q4 TCE earnings for fleet $42,800 per day - DHT Holdings provides the following business update: For the fourth quarter of 2023, the Company estimates time charter equivalent earnings for its fleet at $42,800 per day, comprising of $39,600 per day for the Company's VLCCs on time-charter and $43,600 per day for the Company's VLCCs operating in the spot market. Thus far in the first quarter of 2024, 50% of the available VLCC spot days have been booked at an average rate of $56,300 per day on a discharge-to-discharge basis. 61% of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $48,900 per day.
|
IVZ | Hot Stocks16:17 EST Invesco reports preliminary AUM $1.59T as of December 31, 2023 - Invesco reported preliminary month-end assets under management of $1.59T, an increase of 2.8% versus previous month-end. The firm delivered net long-term inflows of $5.1B in the month. Non-management fee earning net outflows were $1.3B and money market net outflows were $13B.
|
PEAK | Hot Stocks16:16 EST Healthpeak enters into $236M JV with Breakthrough Properties - Healthpeak Properties announced that it has formed a new strategic joint venture with Breakthrough Properties through a sale of a 65% interest in Healthpeak's fully leased Callan Ridge lab campus in the Torrey Pines submarket of San Diego. The formation of the 65% Breakthrough / 35% Healthpeak joint venture values Callan Ridge at $236 million, or $1,275 per square foot, and represents a stabilized cash capitalization rate of 5.3% based on the initial annual rental rate of approximately $67 per square foot. "This strategic recapitalization was a unique opportunity to partner with Breakthrough, crystallize significant development value creation, and accretively recycle capital back into our business," said Scott Brinker, President and Chief Executive Officer of Healthpeak. "The strong pricing highlights the underlying demand for our lab assets and allows us to recapture our initial invested capital, while still retaining a 35% interest in the trophy campus. We are excited about the partnership with Breakthrough and look forward to growing the relationship over time."
|
YUM | Hot Stocks16:15 EST Yum! Brands names Joe Park chief digital & technology officer - Yum! Brands announced the promotion of Joe Park to Chief Digital & Technology Officer, reporting to Chris Turner, Yum! Brands Chief Financial Officer, effective March 1, 2024. Park, who most recently served as Chief Digital & Technology Officer for Pizza Hut Global, succeeds Clay Johnson, who will continue with Yum! Brands as a Senior Advisor. As CDTO, Park will join the Yum! Brands Global Leadership Team and oversee the Company's global technology strategy, partnering with the KFC, Pizza Hut, Taco Bell and the Habit Burger Grill divisions to ensure the Company provides a best-in-class digital experience for customers and restaurant team members and strong economics for franchisees. "We're ingraining digital and technology into all aspects of our business with exciting new capabilities that make things easy for customers and restaurant team members, while driving profitable growth for Yum! and our franchisees," said Turner. "We've made great progress enhancing digital ordering, implementing technologies to improve restaurant operations, leveraging data to enable smart decision-making and piloting emerging technologies, and Joe Park has been an exceptional partner on this journey over the past few years. Joe is an energizing and visionary leader with a proven track record of rapidly deploying modern eCommerce and data platforms and scaling innovative technologies like Dragontail and HutBot across Pizza Hut's global system. I'm confident that Joe will help Yum! continue to strengthen our technology ecosystem and scale our digital solutions at a rapid pace to deliver leading-edge capabilities to our franchisees with advantaged economics."
|
MRT | Hot Stocks16:13 EST Marti Technologies announces up to $2.5M share repurchase program - Marti Technologies announced a share repurchase program. The cmpany's Board of Directors authorized a share repurchase program under which the Company may repurchase up to $2.5M of its outstanding Class A ordinary shares, representing approximately 7.9% of the company's market capitalization as of January 9, 2024 with a closing price of $0.6510. The repurchase program is effective immediately and is valid for a period of six months from such date. Under the Repurchase Program, the Company may repurchase Class A ordinary shares in privately negotiated or open-market transactions in accordance with applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Board may periodically review the Company's Repurchase Program and decide to extend its terms or increase the authorized amount. The Repurchase Program may also be suspended or discontinued by the Board at any time.
|
ELUT | Hot Stocks16:11 EST Elutia regains compliance with Nasdaq listing requirements - Elutia announced that it has regained compliance with Nasdaq's market value of listed securities requirement and majority independent board requirement. As a result, the Company now satisfies all applicable requirements for continued listing with Nasdaq, and the Company's Class A common stock will continue to be listed and traded on the Nasdaq Capital Market under the symbol "ELUT." "We are pleased to have received confirmation from Nasdaq of our compliance with their listing requirements," said Kevin Rakin, Chairman of Elutia. "With the divestiture of our orthopedics business and successful capital raise, 2023 was a transformative year for Elutia. Randy Mills, our CEO, and the leadership team are now fully focused on the commercial launch of our pioneering drug-eluting biomatrix, CanGarooRM(R), and we look forward to a favorable FDA decision in the first half of this year."
|
KBH | Hot Stocks16:11 EST KB Home sees FY24 Housing revenue $6.4B-$6.8B - Sees FY24 average selling price $480,000-$490,000.
|
SB | Hot Stocks16:10 EST Safe Bulkers to buy Japanese Kamsarmax class dry-bulk vessel, no terms - Safe Bulkers announced that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel with a scheduled delivery date within the third quarter of 2026. The newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to the reduction of greenhouse gas emissions as adopted by the International Maritime Organization, and also comply with the latest NOx emissions regulation, NOx-Tier III . T "Consistent with our ESG strategy, we have placed an additional order for a Phase 3 newbuild targeting a gradual fleet renewal and the subsequent operational and financial advantages associated with it."
|
REBN | Hot Stocks16:09 EST Reborn Coffee announces $1M investment from chairman Farooq Arjomand - Reborn Coffee announced a substantial investment commitment from its chairman, Farooq Arjomand. Chairman Farooq Arjomand commented on his investment, "My commitment to Reborn Coffee is more than just a financial decision; it's confirmation of my belief in our mission and vision for the future. The coffee market is evolving rapidly, and I am confident that Reborn Coffee will continue to lead the way with its innovative approaches and dedication to quality. This investment is indicative of my confidence in our team and our strategy as we continue to grow and make our mark in the industry. The recent opening of our flagship store in Malaysia is just the beginning of our expansion into Southeast Asia and I am optimistic about the stronger earnings and opportunities this will bring for 2024."
|
CHPT | Hot Stocks16:07 EST ChargePoint announces reorganization, to cut about 12% of global workforce - ChargePoint announced a strategic reorganization designed to improve financial performance and position itself for long-term, sustainable growth. The reorganization includes an approximately 12% reduction of the ChargePoint global workforce. The reorganization is expected to lead to approximately $14 million in restructuring charges, consisting of approximately $10 million in severance and related expenses and approximately $4 million in facility-related expenses. ChargePoint expects the action to result in annual operating expense savings of approximately $33 million. As previously announced, additional components of the strategic plan under new President and Chief Executive Officer, Rick Wilmer, will be discussed in ChargePoint's fourth quarter of fiscal 2024 investor call expected to be held in March of this year. "As part of a comprehensive business evaluation in my new position as CEO, today we have taken the difficult decision to reorganize our global workforce," said Rick Wilmer, President and CEO of ChargePoint. "After a thorough review of our business strategy and product roadmap, we are heightening our focus on execution, operational excellence, and improved efficiencies while we continue with our industry-leading innovation." As previously announced, ChargePoint maintains a strong financial position with approximately $397 million in cash, cash equivalents and restricted cash on the Company's balance sheet at the end of the third quarter of fiscal year 2024, with access to an additional $150 million through a revolving credit facility, which remains undrawn. The Company remains committed to its plan for achieving positive non-GAAP adjusted EBITDA in the fourth quarter of calendar year 2024.
|
ADP | Hot Stocks16:07 EST ADP appoints Thomas Lynch as new Independent Board Chair - ADP appointed Thomas Lynch as its independent, non-executive board chair to succeed Carlos Rodriguez as executive chair of the board, effective as of January 31. Lynch has served as an independent director of the board since 2018. Rodriguez will continue to serve on the company's board as a non-employee director. In addition, John Jones will transition from his role as lead independent director but remain a board member. Prior to serving as lead independent director, Jones had been ADP's independent non-executive chairman since 2015. Thomas Lynch served as CEO of TE Connectivity, a global technology and manufacturing company, from January 2006 to March 2017. Since joining the board of ADP in 2018, Lynch has served as a member of the board's corporate development and technology advisory committee and most recently as chair of the compensation and management development committee and member of the nominating/corporate governance committee.
|
AB | Hot Stocks16:05 EST AllianceBernstein reports preliminary AUM $725B as of December 31, 2023 - Up from $696B at the end of November. The 4% AUM increase was driven by market appreciation with slight firmwide net outflows. By channel, December net flows were flat within Institutions and Retail, while Private Wealth posted minimal net outflows.
|
LAAC | Hot Stocks16:05 EST Lithium Argentina produces 6,000 tons of lithium carbonate in 2023 - Lithium carbonate plant is producing at approximately 50% capacity. The KCl plant is operational and in the process of ramping up in production volume and product quality. Lithium Argentina to report year-end financial results on March 21 after market close. "We are very pleased with the production results from Cauchari-Olaroz to date and continue to progress of the ramp up of both production volume and product quality," commented John Kanellitsas Executive Chair, President and interim CEO. "The team in Argentina has gained valuable experience and has consistently achieved important milestones as the Project transitioned from construction into operations. We look forward to 2024 with a focus on achieving nameplate capacity and laying the foundation for our next phase of growth."
|
WERN | Hot Stocks16:05 EST Werner names Nathan Meisgeier president - Werner Enterprises announced that, upon the recommendation of its Chairman and Chief Executive Officer, Derek J. Leathers, the Company's Board of Directors unanimously appointed Nathan J. Meisgeier to serve as Werner's President, effective January 5, 2024. Mr. Meisgeier will continue to hold the position of Werner's Chief Legal Officer. Leathers will remain the Company's Chairman and CEO. "Since being promoted to Werner's General Counsel in 2016, Nathan has been a transformative leader across the enterprise, currently acting as Chief of Staff and bringing a remarkable level of integrity and strategic vision to our company. Nathan is a company-first servant leader, naturally connecting with all Werner associates - professional drivers, maintenance associates, and office personnel. Nathan exemplifies the culture that makes Werner a great place to work," said Mr. Leathers.
|
DCGO | Hot Stocks16:05 EST DocGo says short seller incorrect to claim dramatic decline in 2024 revenue - DocGo said it "categorically rejects this purported assessment by Fuzzy Panda Research, an obscure short seller motivated solely by profit." The company added in a press release: "Several of the most glaring inaccuracies in the 'report' include: The claims made in the "ABC" liquidation in California are not liabilities of the Company and do not accurately reflect the former liabilities of the liquidated entity; In response to allegations about our billing practices, DocGo maintains a comprehensive internal compliance program (including the internal review of claims) and is routinely audited by outside agencies. We are very proud of our quality assurance and oversight; The 'report' incorrectly states that DocGo's revenue is going to dramatically decline in 2024 due to the expiration of certain contracts with the City of New York when, in fact, DocGo is projecting an increase in revenue for fiscal year 2024 due to our multiple contracts with municipalities, healthcare systems and payors across the country and in the UK. We appreciate the continued support of our partners and investors and look forward to a bright future."
|
RCEL | Hot Stocks16:05 EST Avita Medical in distribution pact with Stedical Scientific for PermeaDerm - AVITA Medical announced it has entered into an exclusive multi-year distribution agreement with Stedical Scientific, to commercialize PermeaDerm Biosynthetic Wound Matrix in the United States. PermeaDerm is cleared by the Food and Drug Administration as a transparent matrix for use in the treatment of a variety of wound types until healing is achieved. Under the terms of the agreement, AVITA Medical will hold the exclusive rights to market, sell, and distribute PermeaDerm products, including any future enhancements or modifications, within the United States. The initial term is for five years, with the option to renew for an additional five years, contingent upon meeting certain minimums. The Company expects the gross margin from the sale of PermeaDerm to be 50% of the average sales price. "Our partnership with Stedical Scientific is an important step in expanding our portfolio and addressing the unmet needs of our patients," said Jim Corbett, Chief Executive Officer of AVITA Medical. "AVITA Medical and Stedical Scientific are ideal partners given the complementary nature of our products, the overlap of call points, and the strength of our footprint and sales force. We anticipate these synergies will allow us to effectively leverage our established commercial presence, enhancing the integration of PermeaDerm into our portfolio. This strategic collaboration underscores our commitment to delivering innovative solutions and improving outcomes for those we serve."
|
BEN | Hot Stocks16:03 EST Franklin Resources reports preliminary AUM of $1.46T at December 31 - Franklin Resources reported preliminary month-end assets under management of $1.46T at December 31, 2023, compared to $1.41T at November 30, 2023. This month's increase in AUM reflected the impact of positive markets and long-term net inflows. For the quarter ended December 31, 2023, AUM reflected the positive impact of markets, partially offset by long-term net outflows of $5B, which include $10.8B of reinvested distributions.
|
DRS GD | Hot Stocks16:02 EST Leonardo DRS awarded contracts valued over $3B for U.S. Navy's submarine program - Leonardo DRS (DRS) has been awarded contracts valued at over $3B, when fully funded, to provide integrated electric propulsion system products for the U.S. Navy's Columbia-class submarines. This contract solidifies DRS's position through shipset 12 for the Columbia-class program. This award was previously announced on the DRS 2023 Q3 earnings call. Leonardo DRS was chosen by General Dynamics Electric Boat (GD) and the U.S. Navy to design and manufacture the permanent magnet main propulsion electric motor, the propulsion motor drives, switchgear, and the propulsion controls - the heart of the Columbia Electric Drive Propulsion System. These are key components of the primary propulsion system of the next-generation ballistic missile submarine fleet. All prototype components of this system successfully completed full power endurance and other testing at the Navy's land-based test facility. "This award highlights Leonardo DRS as an agile and trusted partner for the U.S. Navy and General Dynamics Electric Boat, having now been awarded contracts to supply our state-of-the-art electric propulsion components through shipset 12 for the Columbia-class program," said Leonardo DRS CEO Bill Lynn. "We are proud to be a part of this team and be the provider of these critical components for the most advanced ballistic missile submarine in our Navy's history."
|
DCGO | Hot Stocks16:00 EST DocGo 'categorically rejects' short seller report - DocGo said it "categorically rejects this purported assessment by Fuzzy Panda Research, an obscure short seller motivated solely by profit." The company added in a press release: "Their so-called 'research report' uses what appears to be old, public information to present an overall picture of DocGo and its business that is false, misleading and defamatory, and we intend to issue a cease-and-desist letter to the firm and are exploring all available legal means to respond. We believe this short seller is focused on personal financial gain at the expense of DocGo's shareholders, employees, customers and other stakeholders. In stark contrast to the implications contained in this inflammatory and misleading "report," DocGo's business continues to grow."
|
BYSI | Hot Stocks15:02 EST BeyondSpring reports Nasdaq delinquency notice for late filing - BeyondSpring announced that on January 4, it received a Foreign Delinquency Compliance Plan Alert Letter from The Nasdaq Stock Market because it has not timely filed its Form 6-K for the period ended June 30, 2023. "In accordance with Nasdaq Listing Rules, the Company has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq can grant the Company an exception of up to 180 calendar days from the Filing's due date, or until July 1, 2024, to regain compliance. The Letter has no immediate effect on the listing or trading of the Company's ordinary shares on Nasdaq. The Company's management is working diligently to complete the Filing as soon as practicably possible to regain compliance with the Nasdaq Listing Rule 5250(c)(2)," the company stated.
|
LOW | Hot Stocks14:44 EST Lowe's launches 'MyLowe's Rewards' designed for DIY customers - "Lowe's now has a first-of-its-kind loyalty program designed for DIY customers to help them save on items they need for their homes now and earn rewards toward what they want next. The all new MyLowe's Rewards offers a seamless and rewarding shopping experience with exclusive perks for members. Plus, customers who shop with their MyLowe's Rewards Credit Card will save 5%? every day on eligible purchases, receiving the most value and rewards compared to any other payment type."Lowe's has been serving DIY customers for more than 100 years, and now we're rewarding their longtime loyalty by offering even more value when then they shop with MyLowe's Rewards," said Marvin Ellison, Lowe's chairman and CEO. "We created this loyalty program with their home improvement needs in mind, just as we did with the MVPs Pro Rewards program for our Pro customers. With MyLowe's Rewards, Lowe's is now the only national home improvement retailer with distinct loyalty offerings that cater to both Pro and DIY customers," added the company in a release, earlier on Wednesday.
|
VTRS | Hot Stocks14:37 EST Viatris CEO sees 'minimum' free cash flow in $2.3B range over next 3 to 5 years - Asked during the JPMorgan Healthcare Conference about what Viatris is most focused on for 2024 and over the next few years, CEO Scott Andrew Smith replied, according to a transcript of the event: "So I wouldn't say that we have the divestitures behind us. They're announced, we need to work through that and close them and they'll continue to close as we get through sort of the end of the first half this year. Once we get those divestitures, we'll be focusing on paying down our debt to get to that target ratio. And after that, we're going to execute our strategic plan, right, and our capital allocation plan. Approximately over the next 3 to 5 years, 50% of that free cash flow, which at a minimum should be at the $2.3 billion range, 50% return to shareholders through share buybacks which we're going to try and be increasingly aggressive around as we move in '24 and '25, the dividend, of course, and then for business development. And as I mentioned, I see business development as far more than just binary M&A I think licensing, partnering, strategic arrangements, research agreements and things like that are very, very important to our future. So I see a fulsome approach to business development and building the portfolio long term. And I think for me, the base of the company is so strong. We've integrated. We've streamlined. We're now moving, and we've seen in the last couple of quarters real organic revenue growth. And that solid base of the business allows us to do the other things, but we're going to execute our capital allocation plan as laid out, and we're going to build the company and the future revenue streams of the company through business development."
|
CNI... | Hot Stocks14:22 EST North American rail traffic up 6.6% for the week ending January 6 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 6. For this week, total U.S. weekly rail traffic was 417,257 carloads and intermodal units, up 2.3% compared with the same week last year.Total carloads for the week ending January 6 were 208,176 carloads, up 0.9% compared with the same week in 2023, while U.S. weekly intermodal volume was 209,081 containers and trailers, up 3.7% compared to 2023. For the first week of 2024, U.S. railroads reported cumulative volume of 208,176 carloads, up 0.9% from the same point last year; and 209,081 intermodal units, up 3.7% from last year. Total combined U.S. traffic for the first week of 2024 was 417,257 carloads and intermodal units, an increase of 2.3% compared to last year. North American rail volume for the week ending January 6, on 12 reporting U.S., Canadian and Mexican railroads totaled 307,010 carloads, up 1.3% compared with the same week last year, and 304,136 intermodal units, up 12.5% compared with last year. Total combined weekly rail traffic in North America was 611,146 carloads and intermodal units, up 6.6%. North American rail volume for the first week of 2024 was 611,146 carloads and intermodal units, up 6.6% compared with 2023. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL, Wabtec (WAB) and Rail Vision (RVSN). Reference Link
|
VTRS | Hot Stocks14:14 EST Viatris up 5% amid healthcare conference presentation - Shares of Viatris are up 5% to $12.22 in afternoon trading. The company was scheduled to begin a presentation at the JPMorgan Healthcare Conference at 1:30 pm ET.
|
PTHR | Hot Stocks13:59 EST Pono Capital Three Inc trading resumes
|
PTHR | Hot Stocks13:54 EST Pono Capital Three Inc trading halted, volatility trading pause
|
SAP | Hot Stocks13:37 EST SEC charges SAP for FCPA violations, company agrees to sanctions of nearly $100M - The Securities and Exchange Commission announced charges against global software company SAP for violations of the Foreign Corrupt Practices Act, or FCPA, arising out of bribery schemes in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia, and Azerbaijan. The company agreed to monetary sanctions of nearly $100M in disgorgement and prejudgment interest to settle the SEC's charges. The SEC's order finds that SAP violated the FCPA by employing third-party intermediaries and consultants from at least December 2014 through January 2022 to pay bribes to government officials to obtain business with public sector customers in the seven countries mentioned above. According to the SEC's order, SAP inaccurately recorded the bribes as legitimate business expenses in its books and records, despite the fact that certain of the third-party intermediaries could not show that they provided the services for which they had been contracted. The SEC's order finds that SAP failed to implement sufficient internal accounting controls over the third parties and lacked sufficient entity-level controls over its wholly owned subsidiaries. In 2016, the SEC charged SAP with books and records and internal accounting controls violations in connection with a bribery scheme in Panama. SAP consented to the SEC's order finding that it violated the anti-bribery, record-keeping, and internal accounting controls provisions of the Securities Exchange Act of 1934. SAP agreed to cease and desist from committing or causing any violations of these provisions and to pay disgorgement of $85M plus prejudgment interest of more than $13.4M, totaling more than $98M, which will be offset by up to $59M paid by SAP to the South African government in connection with its parallel investigations into the same conduct.Reference Link
|
PD | Hot Stocks13:13 EST PagerDuty up 14% after Bloomberg report on private equity interest
|
SATS | Hot Stocks12:15 EST EchoStar rises after hiring advisors to help evaluate strategic alternatives - Shares of EchoStar have jumped $4.79, or 38%, to $17.45 after the company announced earlier that it has engaged financial and legal advisors to assist the company in evaluating potential strategic alternatives after having completed its merger with DISH Network Corporation. EchoStar announced the completion of "a series of strategic transactions to further unlock incremental strategic, financial and operating flexibility for its business" following completion of its merger with DISH Network, including DISH Network having transferred certain of its unencumbered wireless spectrum licenses under the umbrella of a newly formed subsidiary, EchoStar Wireless Holding L.L.C., a direct wholly-owned subsidiary of the company. DISH Network will continue to retain ownership of various other wireless spectrum licenses, including 600 MHz, 700 MHz, 3.45 GHz and AWS-3, of which 700 MHz and AWS-3 also remain unencumbered, and DISH DBS Corporation, EchoStar stated. The company has engaged Houlihan Lokey and White & Case LLP as financial and legal advisors, respectively, to assist the company in evaluating potential strategic alternatives, EchoStar noted. "This asset allocation enables EchoStar to more optimally position the necessary resources for the execution of its strategic goal of becoming the premier provider of terrestrial mobile, satellite connectivity, and content services" said Hamid Akhavan, President and Chief Executive Officer of EchoStar. Reference Link
|
LDTC | Hot Stocks12:03 EST LeddarTech, Black Sesame collaborate for ADAS solutions - Black Sesame Technologies and LeddarTech announced their partnership to jointly develop and market a comprehensive portfolio of automotive hardware and software technology for the Chinese domestic and global OEM / Tier 1 ADAS/AD market. Black Sesame Technologies and LeddarTech are collaborating to provide a joint solution offering for the surround-view premium L2/L2+ ADAS/AD market segment, leveraging Black Sesame Technologies' A1000 SoC and LeddarTech's LeddarVision LVS-2+ surround-view premium highway assist and 5-star NCAP/GSR 2022 AI-based low-level fusion and perception stack.
|
HASI | Hot Stocks12:00 EST HASI rises 6.8% - HASI is up 6.8%, or $1.68 to $26.47.
|
ETWO | Hot Stocks12:00 EST E2open rises 6.9% - E2open is up 6.9%, or 27c to $4.11.
|
ZKH | Hot Stocks12:00 EST ZKH Group rises 15.4% - ZKH Group is up 15.4%, or $2.65 to $19.82.
|
SAR | Hot Stocks12:00 EST Saratoga Investment falls -7.2% - Saratoga Investment is down -7.2%, or -$1.86 to $24.04.
|
GNE | Hot Stocks12:00 EST Genie Energy falls -8.4% - Genie Energy is down -8.4%, or -$2.15 to $23.45.
|
OUST | Hot Stocks12:00 EST Ouster falls -9.3% - Ouster is down -9.3%, or -69c to $6.71.
|
JNJ | Hot Stocks11:22 EST Johnson & Johnson reports regulatory approval of Varipulse PFA platform in Japan - Biosense Webster, part of Johnson & Johnson MedTech, announced approval from the Japanese Ministry of Health, Labour and Welfare, or MHLW, for the VARIPULSE Platform for the treatment of symptomatic drug refractory recurrent paroxysmal atrial fibrillation, or AFib, using pulsed field ablation, or PFA. This is the first regulatory approval for "the first-of-its-kind, fully-integrated PFA system with a simple and reproducible workflow," making it the "first and only PFA system approved in Japan," J&J stated. Reference Link
|
SPR... | Hot Stocks11:17 EST Spirit AeroSystems says team supporting NTSB investigation - Spirit AeroSystems (SPR) said it "has been working closely with our customer since the event with Alaska Airlines Flight 1282 on Jan. 5." The company added, "A Spirit team is now supporting the NTSB's investigation directly. As a company, we remain focused on the quality of each aircraft structure that leaves our facilities."
|
CHWY... | Hot Stocks11:03 EST American Kennel Club announces launch of online pet pharmacy - The American Kennel Club, which identifies its as "a not-for-profit organization" and "the world's largest purebred dog registry and leading advocate for dogs," announce the launch of its online pet pharmacy, AKCRx. "AKC is working with Allivet, an award-winning pet pharmacy, to bring you AKCRx - your new go-to source for all your pet med needs. AKCRx will offer a full complement of FDA and EPA prescription and over-the-counter selections for a wide range of animals, including dogs, cats, horses, livestock, and birds. All orders placed on AKCRx.com are processed and filled by Allivet," the organization stated. "AKCRx extends a warm welcome to every pet enthusiast, regardless of whether their dog is registered with the American Kennel Club. However, new AKC registrants will receive an AKCRx.com promotional code to claim an exclusive offer of a one-month supply of Simparica Trio, valued at up to $32, terms and conditions apply," the group added. Public companies in the pet medicine and retail products space include Chewy (CHWY), PetIQ (PETQ) and PetMed Express (PETS). Reference Link
|
INST | Hot Stocks11:01 EST Instructure names Rachel Orston CCO - Instructure announced Rachel Orston as its new Chief Customer Officer. Instructure's CX team leverages real-world educational experience as it helps customers improve student outcomes, with over half of its CX team having taught or worked in educational institutions. Former Chief Customer Experience Officer Melissa Loble now assumes the newly-created Chief Academic Officer role full-time to further elevate the educator experience and surround customers with academic expertise. "Instructure's unique approach of surrounding customers with passionate, experienced advocates attracted me to this role," said Orston. "I look forward to building on a legacy of outstanding customer experience and making learning more accessible as we work alongside educators."
|
ACN | Hot Stocks10:23 EST Accenture agrees to acquire Navisite, terms not disclosed - Accenture has entered into an agreement to acquire Navisite, a digital transformation and managed services provider. "The addition of Navisite will bolster and scale Accenture's application and infrastructure managed services capabilities to help clients across North America modernize their IT for the AI era. The terms of the acquisition from private equity investment firm Madison Dearborn Partners were not disclosed," the company stated.
|
SONY | Hot Stocks10:15 EST Sony Music Masterworks launches JV with Roast Productions - Sony Music Masterworks announced a new strategic venture with Roast Productions, a live entertainment company founded by Bonnie Royal and Michael Stevens. Based in London and operating internationally, Roast Productions focuses on producing theatre, concerts, and family entertainment events. Royal and Stevens will continue to lead the company's day-to-day operations and collaborate with Masterworks on the development of a range of new productions, working in close partnership with both Masterworks President Mark Cavell and Ollie Rosenblatt, founder and CEO of Senbla, a UK producer/promoter. Recent and current shows include MACBETH starring Ralph Fiennes and Indira Varma playing in Liverpool, Edinburgh, London and Washington DC; 2:22 A GHOST STORY in the West End touring in the UK and Australia; CHRISTMAS ACTUALLY, a Christmas variety show curated by "Love Actually" filmmaker Richard Curtis and produced in partnership with Senbla; the highly acclaimed West End run of VANYA starring Andrew Scott; and the new musical COWBOY BOB at the Alley Theatre in Houston, TX; as well as the 2024 UK tour of THE 13-STOREY TREEHOUSE based on the best-selling book by Andy Griffiths and Terry Denton. The company will also offer production, general management, and marketing services in the West End and beyond. At the same time, Roast Productions is pleased to announce strategic agreements with National Theatre Productions and Various Productions, as co-producer for STANDING AT THE SKY'S EDGE at the Gillian Lynne Theatre opening in February, and with the Ambassador Theatre Group, as Creative Producer of the inaugural WIMBLEDON CHILDREN'S FESTIVAL at the New Wimbledon Theatre, launching in Summer 2024.
|
ENB | Hot Stocks10:02 EST Enbridge, EDF Renewables announce commercial operation of Fox Squirrel Phase 1 - EDF Renewables North America and Enbridge announced that Phase 1 of Fox Squirrel Solar, the largest solar complex in Ohio, is fully operational and delivering decarbonized electricity to the PJM grid. Fox Squirrel Solar, a ground-mounted solar facility with total capacity of 749 MWdc/577 MWac, is being constructed in three phases in Madison County, Ohio; the initial phase generates 150 MWac of solar energy. Comprised of 1.4 million panels and 159 inverters in total, Fox Squirrel Solar represents the largest onshore renewable energy project developed and built by EDF Renewables North America. During peak construction of the first phase, 650 workers were onsite installing 10,000 panels per day. Enbridge invested in the first phase and plans to reach final investment decision on the following phases through 2024, assuming certain conditions are met.
|
SANA | Hot Stocks10:01 EST Sana Biotechnology trading resumes
|
SAR | Hot Stocks10:00 EST Saratoga Investment falls -6.2% - Saratoga Investment is down -6.2%, or -$1.61 to $24.29.
|
SSL | Hot Stocks10:00 EST Sasol falls -6.8% - Sasol is down -6.8%, or -66c to $9.08.
|
MEC | Hot Stocks10:00 EST Mayville Engineering falls -7.0% - Mayville Engineering is down -7.0%, or -96c to $12.69.
|
VNCE | Hot Stocks10:00 EST Vince Holding rises 7.1% - Vince Holding is up 7.1%, or 30c to $4.50.
|
AZZ | Hot Stocks10:00 EST AZZ Inc. rises 10.0% - AZZ Inc. is up 10.0%, or $5.73 to $62.80.
|
ETWO | Hot Stocks10:00 EST E2open rises 13.0% - E2open is up 13.0%, or 50c to $4.34.
|
SANA | Hot Stocks09:56 EST Sana Biotechnology trading halted, volatility trading pause
|
VNCE | Hot Stocks09:47 EST Vince Holding rises 6.4% - Vince Holding is up 6.4%, or 27c to $4.47.
|
AZZ | Hot Stocks09:47 EST AZZ Inc. rises 7.8% - AZZ Inc. is up 7.8%, or $4.43 to $61.50.
|
ETWO | Hot Stocks09:47 EST E2open rises 19.0% - E2open is up 19.0%, or 73c to $4.57.
|
CHWY | Hot Stocks09:47 EST Chewy falls -4.7% - Chewy is down -4.7%, or -$1.00 to $20.15.
|
SAR | Hot Stocks09:47 EST Saratoga Investment falls -5.5% - Saratoga Investment is down -5.5%, or -$1.44 to $24.46.
|
SSL | Hot Stocks09:47 EST Sasol falls -6.7% - Sasol is down -6.7%, or -66c to $9.09.
|
ZJYL | Hot Stocks09:45 EST Jin Medical International Ltd trading resumes
|
GNK... | Hot Stocks09:42 EST GK Investor nominates two candidates for election to Genco board - GK Investor, an affiliate of George Economou that is an approximately 5.4% shareholder of Genco Shipping & Trading (GNK), has nominated two candidates for election to the Genco Board of Directors at the 2024 Annual Meeting of Genco's Shareholders. GK's nominees are: Randee Day, President and CEO of Day & Partners, LLC, a maritime consulting and advisory group. She has 35 years of experience in corporate governance, restructuring, M&A and maritime finance, and is currently a director of International Seaways (INSW) and Eagle Bulk Shipping (EGLE). Ms. Day previously was interim CEO of DHT Maritime (DHT) and Managing Director at the Seabury Group. If elected to the Genco Board, Ms. Day would bring substantial maritime industry, governance and financial expertise drawn from decades of senior executive and oversight experience. Robert Pons, President and CEO of Spartan Advisors, Inc., a management consulting firm specializing in telecom and technology companies. He has served on the boards of directors of 16 publicly traded companies, and has more than 40 years of hands-on operating experience as a CEO and in senior executive positions. If elected to the Genco Board, Mr. Pons would bring significant operational know-how, technology and corporate governance experience based on his numerous executive leadership roles and public company directorships.
|
NEXI | Hot Stocks09:42 EST Neximmune Inc trading resumes
|
GRFS | Hot Stocks09:40 EST Grifols up 6% to $9.26 after further responding to short report
|
ZJYL | Hot Stocks09:40 EST Jin Medical International Ltd trading halted, volatility trading pause
|
GRFS | Hot Stocks09:40 EST Grifols adds to Gotham City response, will initiate legal action - Grifols said that as a continuation of the communications filed yesterday by the company as a consequence of the Gotham City Research report, the company wants to inform of the following: Thomas Glanzmann, the current Chief Executive Officer and Executive Chairman of the Board, joined the board in 2006. "He has since then been an important contributor in the Company's growth and development. The Board of the Company fully supports Mr. Thomas Glanzmann since he was appointed to his positions"; All relevant transactions described in the mentioned report published yesterday have been unanimously approved by the board and its various committees, and they include all the necessary supporting information and documentation, including valuations and third-party opinions; The Gotham report questions the price paid for donor center acquisitions, "which is difficult to understand without having the adequate information. As with the purchase of any business, the price paid is not only the price of the assets, but also their ability to generate profit." The company will initiate legal actions against Gotham City Research "for the significant financial and reputational damage caused to the Company and to all its stakeholders, as well as creating great concerns among patients and donors."
|
NEXI | Hot Stocks09:37 EST Neximmune Inc trading halted, volatility trading pause
|
BETS | Hot Stocks09:36 EST Bit Brother Ltd trading resumes
|
BETS | Hot Stocks09:31 EST Bit Brother Ltd trading halted, volatility trading pause
|
BLNK | Hot Stocks09:19 EST Blink Charging partners with Grupo Q for five advanced EV charging stations - Blink Charging announced a collaboration that's sure to electrify El Salvador. Teaming up with Grupo Q, Porsche's official dealer throughout El Salvador, the Company will be launching five advanced EV charging stations in select premium retail and restaurant locations in the Santa Tecla, Costa del Sol, Santa Ana, San Miguel, and Playa La Libertad regions. The launch of Blink's chargers is part of Porsche's Destination Charging Program - Porsche's global initiative to expand and ensure EV charging infrastructure worldwide. These chargers are strategically placed at high-demand locations like hotels, restaurants, golf clubs, retail shops, and marinas. In El Salvador, the select Blink chargers will be publicly accessible to all EV drivers in the region, creating a jolt of excitement for drivers as they explore these vibrant Salvadoran landscapes.
|
FNGR | Hot Stocks09:14 EST FingerMotion launches lifestyle consumer app - FingerMotion announces its subsidiary, Shanghai JuiGe Information Technology Co., Ltd., has launched a new consumer application called "Da Ge" introducing subscribers to services such as car washing, detailing and maintenance, linking automobile owners with full service independent service stations. Da Ge has already onboarded 18,000 car care service stations and anticipates over 25,000 service stations by the end of 2024. The national rollout had generated a post-beta engagement of 200,000 active subscribers and anticipates 2,000,000 subscribers by the end of 2024, targeting the first and second tier cities throughout China. The current services available to subscribers include car detailing and maintenance, with future product offerings to possibly incorporate our current top up business, car accessories, and potentially health and auto insurance. We anticipate the Da Ge business segment to rapidly run cash flow positive and to be reflected in the financials of Q4 2024.
|
VMAR | Hot Stocks09:13 EST Vision Marine Technologies closes investment from Government of Quebec - Vision Marine Technologies announced that the Government of Quebec, through Investissement Quebec, is providing a financial contribution of up to 3 million US dollars, in the form of a subscription to preferred shares. The announcement was made today by the Minister of Economy, Innovation and Energy, Minister responsible for Regional Economic Development, and Minister responsible for the Metropolis and the Montreal region, Mr. Pierre Fitzgibbon, as well as the Minister of Finance, Minister responsible for Relations with English-speaking Quebecers, and Member of the National Assembly for Groulx, Mr. Eric Girard. The project of Vision Marine aims at the development and commercialization of an electric propulsion system for outboard motors and electric boats.
|
SATS | Hot Stocks09:11 EST DISH Wireless awarded $50M NTIA grant from NTIA - DISH Wireless, a subsidiary of EchoStar, was awarded a historic $50M grant from the U.S. Department of Commerce's National Telecommunications and Information Administration to establish the Open RAN Center for Integration & Deployment. ORCID will allow participants to test and validate their hardware and software solutions against a complete commercial-grade Open RAN network deployed by DISH.
|
AMPG | Hot Stocks09:10 EST AmpliTech Group unveils AGTGSS flagship product - AmpliTech Group announced a significant milestone in its AGTGSS, AmpliTech Group True G Speed Services, Division by proudly unveiling its Massive MIMO, 64T64R ORAN, CAT B Radio along with a brand-new website, WWW.AGTGSS.COM. The company also launched a new AGTGSS.COM website. This dynamic online platform represents a leap forward in providing comprehensive and streamlined information about our division solutions to meet the evolving needs of our global 4G and 5G clientele. Fawad Maqbool, CEO of AmpliTech Group, "enthusiastically shares this major accomplishment in bringing true 5G speeds capabilities with the release of AGTGSS's flagship product, a Massive MIMO, 64T64R ORAN, CAT B radio, delivering true G speeds to the 5G market, which is now readily available for pre-orders". Mr. Maqbool added "knowing our imminent release of such pivotal 5G radio product, we started to actively work with major 5G industry players, sharing technical specifications and overall product performance with their technical teams. We are receiving very positive feedback and anticipate receipt of RFQ's during our Q1 2024".
|
MMC | Hot Stocks09:09 EST Dow Jones launches Factiva Sentiment Signals powered by Oliver Wyman - Dow Jones has partnered with Oliver Wyman to launch Factiva Sentiment Signals, a corporate risk solution that deploys news-derived data to predict entity risk events up to three months in advance. Harnessing state-of-the art AI and natural language processing developed by Oliver Wyman, the unique, predictive solution is able to analyze thousands of global news sources in Factiva to identify indicators of emerging risks such as financial distress, operational disruption as well as liquidity and fraud concerns. These signals surface in news media up to three months before major risk events, serving as a transparent and accurate early-warning system for corporate credit risk. The resulting sentiment signal enables organizations to monitor, anticipate and mitigate against unprecedented credit events before they disrupt business operations and create adverse financial impact.
|
SR | Hot Stocks09:09 EST Spire and KC Water partner on Missouri's first RNG facility - Spire and KC Water are partnering on Kansas City, Missouri's first renewable natural gas, or RNG, facility, a project that will capture methane emissions from the wastewater treatment process to generate renewable energy. KC Water selected Spire after an extensive proposal process to construct the RNG facility, which is an extension of a current KC Water project. The project was approved October 26 by the Kansas City Council and is intended to repurpose biogas generated from the city's Blue River Wastewater Treatment Plant into RNG. The new facility is expected to be complete in 2025. Spire plans to include the renewable energy generated at the facility in their natural gas supply for customers to heat homes, fuel businesses and potentially fuel vehicles. Because RNG is fully compatible with conventional natural gas and existing pipeline infrastructure, customers do not need to change their natural gas appliances to reap the environmental benefits of RNG. The partnership will also generate approximately $1M of revenue for KC Water per year. Spire Missouri will serve as the developer on the project with Burns & McDonnell providing engineering and construction expertise.
|
APO | Hot Stocks09:07 EST TeleVox expands overseas to support United States Military - TeleVox to announces the expansion of its solutions to support the United States military overseas. Now available in facilities in 13 areas outside the continental U.S., TeleVox offers timely and reliable SMS, email, and voice services to help ease the burden of booking medical appointments and accessing referrals for military members stationed abroad. As a core Leidos Partnership for Defense Health partner, Oracle Health is helping to deploy a single, common electronic health record named Military Health System GENESIS and contracted with TeleVox to provide its notification services as part of the overall project. TeleVox is part of West Technology Group, LLC, controlled by affiliates of certain funds managed by Apollo Global Management
|
RCEL | Hot Stocks09:07 EST Avita Medical completes enrollment of TONE study earlier than anticipated - In July 2023, the Company initiated TONE, a post-market study treating patients with stable vitiligo. The purpose of TONE is to evaluate repigmentation and to understand the impact of repigmentation on improving quality of life for patients with this disease. Key study endpoints include patient and clinician satisfaction of treatment, burden of disease, and patient mental health status. The Company believes that developing these health-related quality-of-life indicators will help create a basis to understand the impact of vitiligo on the mental health of patients and the associated healthcare costs of treatment. The Company completed enrollment of TONE with 109 patients at investigational sites across the United States earlier than anticipated. Patients will be followed for a 12-month period, with the primary follow-up period being 6-months after treatment.
|
STGW | Hot Stocks09:06 EST Stagwell partners with MNTN - Stagwell is partnering with connected TV advertising leader MNTN to broaden the market of performance advertising for brands. With the partnership, brands will now have access to a comprehensive set of buying solutions that combine the best of MNTN's Performance TV platform with Stagwell Marketing Cloud products, providing added streaming, performance PR and performance influencer capabilities in a one-stop shop. Brands can now attach metrics to their big marketing ideas in a granular way.Stagwell and MNTN's strategic partnership allows for a more unified approach to brand and performance media, offering brands access to advanced technologies and a comprehensive suite of tools enabling brand campaigns on television to now seamlessly coexist with other digital channels.
|
SKYT | Hot Stocks09:06 EST SkyWater Technology, Deca Technologies awarded $120M contract from DoD - SkyWater Technology and Deca Technologies announced the kick-off of a significant new Department of Defense, or DOD, effort to expand domestic fan-out wafer level packaging, or FOWLP, capabilities for both government and commercial customers. These capabilities will be made possible through the five-year DOD contract recently awarded to Osceola County and SkyWater Florida, which is expected to fund the facilitization, tooling and build-out of the Center for Neovation. With an expected value of $120M over five years, the award includes options for an additional $70M, for a total value of up to $190M. SkyWater is the first domestic licensee of Deca's M-Series and Adaptive Patterning solutions to support the reshoring of the semiconductor supply chain.
|
SYF | Hot Stocks09:05 EST Synchrony, The Good Feet Store extend financing partnership - Synchrony announced a multi-year partnership renewal with The Good Feet Store, a manufacturer and retailer of premium, personally fitted arch supports. Under the expanded agreement, Synchrony's CareCredit health and wellness credit card will be offered as an in-store payment option at most of The Good Feet Store's more than 250 brick-and-mortar locations, enabling customers to finance arch support products for improved alignment and less pain.
|
TYGO | Hot Stocks09:05 EST Tigo Energy 'strengthens' solar rapid shutdown technology patent portfolio - Tigo Energy announced the expansion of the Company's patent portfolio in rapid shutdown technology with the issuance of U.S. Patent No. 11,855,578. This patent continues Tigo's commitment to significantly increase solar safety by providing enhanced automated shutdown, disconnect, and solar module power reduction methods. These safety enhancements are especially important for firefighters and service and installation crews working near solar modules. The continued success of Tigo's investments in IP reflects a commitment to innovation and continuous improvement in solar performance and safety. Tigo is a leader in rapid shutdown technology and Module Level Power Electronics, MLPE, with over 150 patents granted or pending. The Company actively licenses its patented technology to other solar equipment manufacturers and has prevailed in multiple patent disputes. Tigo rapid shutdown technology is compliant with UL 1741, the Standard for Safety for Inverters, Converters, Controllers and Interconnection System Equipment for Use With Distributed Energy Resources, the SunSpec Rapid Shutdown Specification, and rapid shutdown requirements of the U.S National Electric Code NEC .
|
DDD | Hot Stocks09:05 EST 3D Systems appoints Puthenveetil as EVP, Additive Solutions, CCDO - 3D Systems announced changes in the company's leadership structure. Reji Puthenveetil, who currently serves as EVP, Industrial Solutions, will take on expanded responsibilities as EVP, Additive Solutions and Chief Commercial Officer. In addition, after a productive 17-year career with the company, Andy Johnson, Chief Corporate Development Officer, CCDO, and Chief Legal Counsel. CLO, will be leaving 3D Systems to pursue new leadership opportunities.
|
SNX | Hot Stocks09:05 EST Centific announces strategic partnership with TD Synnex - Centific announced a strategic partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, to streamline deployment of Pitaya, Centific's cutting-edge computer vision and retail operations AI platform. This alliance is set to significantly enhance the accessibility and scalability of advanced AI-powered retail ops solutions. This partnership will focus on leveraging TD SYNNEX's extensive reseller network and hardware service infrastructure to fulfill and deploy Pitaya's solutions at an unprecedented pace. With an emphasis on scale, the partnership will amplify Pitaya's reach across diverse markets, ensuring a rapid and efficient rollout of Pitaya to meet the burgeoning demand for sophisticated security technologies.
|
SBGI VZ | Hot Stocks09:04 EST Sinclair and Verizon reach multi-year distribution agreement, no terms - Sinclair (SBGI) announced the company has reached a comprehensive multi-year distribution agreement with Verizon (VZ) for carriage on FiOS TV. The agreement covers local television stations in 10 markets, Tennis Channel and YES Network. Commenting on the agreement, Will Bell, Sinclair's SVP and Head of Distribution and Network Relations stated, "We are pleased to have reached a renewal agreement with Verizon without any disruption in service to viewers, keeping our best-in class news, sports and entertainment content available on the platform for years to come." Financial terms of the deal were not disclosed.
|
EJH | Hot Stocks09:03 EST E-Home Household Service signs contracts for projects in Fujian Province - E-Home Household Services Holdings announced that that at the beginning of 2024, the Company signed new community cleaning and care contracts with Shibang Taihe Property and Jinhui Property for nearly 20 projects in Fujian Province, including "Xiamen Leader City", "Quanzhou Zhongjun Plaza", "Fuzhou Rhinoceros City", "Fuzhou Earl's Hill", "Fuzhou Jinhui Fontaine", etc., with a total value of more than RMB40M.
|
DDC | Hot Stocks09:03 EST DDC Enterprise enters agreement to acquire 51% of G.L. Industry - DDC Enterprise announces it has entered into an agreement to acquire 51% of G.L. Industry. The acquisition will continue the expansion of DayDayCook's international footprint and will be financed through a combination of cash and DDC stock. Oaklins HFG China provided advisory services for this transaction. Cristian Lin, Founder and CEO of GLI added, "I believe the union between DayDayCook and GLI provides a unique opportunity for growth, as the business of ready-Asian meals in Europe is rapidly developing. The DayDayCook brand is one we are proud to become a part of."
|
INUV | Hot Stocks09:02 EST Inuvo's IntentKey AI powers privacy-first, post-cookie era - Inuvo has announced its continued commitment to a cookieless future with its IntentKey AI, outlining the ways its technology can already work around Google's changes. "Google's fast timeline, closing cookies by the end of 2024, has caught some marketers off guard, but Inuvo has been preparing for a while. IntentKey can align, predict, and activate audiences across platforms without relying on cookies or other trackers," said Inuvo CEO Richard Howe. "As the industry moves rapidly toward a cookieless reality, IntentKey stands ready to power more relevant digital experiences through ethical data practices and intended audiences - not identity-based audiences." Featuring Non-Personal Identifying Information that maintains consumer privacy and prevents personal data exposure, IntentKey enables brands to securely connect with high-intent audiences in the moment audiences signal readiness to engage. This approach eliminates the need for cookies to create audience models. IntentKey has delivered performance that beats incumbent media by up to 67%.
|
MMM | Hot Stocks09:02 EST 3M awarded $34.2M from U.S. Army Medical Research Acquisition Activity - 3M Health Care's Medical Solutions Division was awarded $34.2M from the U.S. Army Medical Research Acquisition Activity to develop a range of new solutions for infection prevention, wound management and wound healing. 3M will lead a program focused on treatment strategies that can be used in austere settings, especially those related to mass casualty and delayed evacuation situations. In addition, the program will work to assess biofilm control, biomarker monitoring and healing in acute trauma situations such as blasts, burns, and gunshot wounds that occur in civilian and military settings. 3M will collaborate with the University of Minnesota Medical School, the 59th Medical Wing Science & Technology Office of the Chief Scientist, Naval Medical Research Unit-San Antonio and The University of Texas Health Science Center at San Antonio in this program. The awarded funding will support four separate product solutions, with studies that range from prototype and formulation development to completion of two clinical studies to be used for product registration.
|
SYK | Hot Stocks09:00 EST Stryker sees 1st case using Blueprint MR system in Europe in February - Stryker announced that the first shoulder arthroplasty surgeries using Blueprint Mixed Reality Guidance have been successfully completed by Dr. Joaquin Sanchez-Sotelo, MD, PhD, Consultant and Professor of Orthopedic Surgery at Mayo Clinic in Rochester, Minn., and Dr. George Athwal at St. Joseph's Health Care London, Canada. ..."Mixed reality technology offers important benefits to patients," said Dr. Sanchez-Sotelo, one of the Blueprint design surgeons. "This technology allows the surgeon to plan and execute the surgery based on precise images of the patient's shoulder, thereby minimizing the risk of improper placement of the implant. This is individualized care tailored to each patient's anatomy."...Stryker anticipates the completion of the first case utilizing the Blueprint Mixed Reality Stryker anticipates the completion of the first case utilizing the Blueprint Mixed Reality Guidance System in Europe in February, marking a significant milestone in advancing surgical technology globally, marking a significant milestone in advancing surgical technology globally.
|
EVGO TM | Hot Stocks08:56 EST EVgo and Toyota team for 1 year complimentary fast charging to 2024 bZ4X clients - EVgo (EVGO) announced an extension of its agreement with Toyota Motor North America, Toyota (TM) to provide drivers who purchase or lease a new 2024 bZ4x with one year of complimentary fast charging on EVgo's nationwide network."Our collaboration with Toyota gives even more EV drivers access to our industry-leading charging network and the ability to plug in across the U.S." First announced in February 2022, the ongoing collaboration between EVgo and Toyota to offer complimentary charging helps boost range confidence for EV drivers by unlocking access to EVgo's owned and operated public fast charging network with stations from coast to coast. "The expansion of our agreement is a testament to the convenience and accessibility of the EVgo network, as well as to our ongoing commitment to automaker collaborations that help spur the mass adoption of EVs throughout the country," said Maggie Tallman, Senior Vice President, Business Development at EVgo. "Our collaboration with Toyota gives even more EV drivers access to our industry-leading charging network and the ability to plug in across the U.S."
|
SIDU | Hot Stocks08:54 EST Sidus Space regains compliance with Nasdaq - Sidus Space announced that the company received a notification letter from the Listing Qualifications Department of Nasdaq notifying the company that it had regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550.
|
MYNA | Hot Stocks08:54 EST Mynaric reports optical communications terminal backlog of 794 units - Mynaric reported on key performance indicators for the year ending December 31, 2023. As of December 31, 2023, the optical communications terminal backlog and cash-in from customer contracts is as follows: Optical communications terminal backlog: 794 units; Cash-in from customer contracts: EUR 49.2 million; IFRS-15 revenue and operating loss: Based on preliminary, unaudited numbers the company expects revenue and operating loss in-line with the previously communicated range. The vast majority of the optical communications terminals in backlog as of December 31, 2023 includes deliverables with key aerospace and defense customers that are related to government-funded satellite constellations with the bulk deliveries scheduled to start in the first quarter of 2024 and continue into 2025 and 2026, which provides Mynaric with excellent revenue and cash flow visibility on these programs.
|
AIM AZN | Hot Stocks08:51 EST AIM ImmunoTech announces open enrollment for Phase 1b/2 study of Ampligen - AIM ImmunoTech announced that enrollment is open at Erasmus Medical Center in a Phase 1b/2 clinical trial combining AIM's Ampligen with AstraZeneca's anti-PD-L1 immune checkpoint inhibitor Imfinzi for the treatment of pancreatic cancer. Ampligen has shown therapeutic synergies with checkpoint inhibitors, potentially increasing survival rates and efficacy. AIM announced in January 2023 that it had entered into an external sponsored collaborative clinical research agreement with Erasmus MC and AstraZeneca. The DURIPANC Study is an investigator-initiated, exploratory, open-label, single-center study with the full name "Combining anti-PD-L1 immune checkpoint inhibitor durvalumab with TLR-3 agonist rintatolimod in patients with metastatic pancreatic ductal adenocarcinoma for therapy effect." The primary objective of the Phase 1b portion is to determine the safety of combination therapy with durvalumab and Ampligen. The primary objective of the Phase 2 portion is to determine the clinical benefit rate of the combination therapy. The DURIPANC Study is expected to enroll up to 18 subjects in its Phase 1b portion and up to 25 patients in its Phase 2 portion. Subjects will start with Ampligen 200 mg via IV infusion twice per week for a total of 6 weeks. Ampligen dose will be escalated to 400 mg according to a 3+3 DLT design. The first dose of Ampligen will be administered preferably 4-6 weeks after the last chemotherapy FOLFIRINOX dose. After two doses of Ampligen, the first dose of durvalumab 1500 mg via IV infusion will be introduced in week 2. Patients will continue to receive 1500 mg durvalumab via IV infusion every 4 weeks for up to a maximum of 48 weeks with the last administration on week 48 or until confirmed disease progression according to Response Evaluation Criteria in solid Tumors, unless there is unacceptable toxicity, withdrawal of consent, or another discontinuation criterion is met.
|
PODC LVO | Hot Stocks08:49 EST PodcastOne launches Varnamtown podcast - PodcastOne announced the January 24, 2024 premiere of Varnamtown, a limited 8 episode true crime genre podcast from Epic Magazine, Picture Perfect Federation and Full Picture. Hosted by Golden Globe Award winning actor Kyle MacLachlan and investigative journalist Joshua Davis, Varnamtown tells the little known story of a small fishing village in North Carolina that reputedly did a deal with drug kingpin Pablo Escobar. In exchange for allowing Escobar's drug motherships to dock and his airplanes to land, the town would become rich. For two years, MacLachlan and Davis investigated the tale, journeying to Varnamtown to knock on doors and find out what really happens when a firehose of money and cocaine is turned on a small, tight knit community.
|
ONDS | Hot Stocks08:43 EST Ondas' Airobotics awarded purchase order from semiconductor manufacturer - Ondas Holdings wholly owned subsidiary Airobotics has received a purchase order from one of the world's largest semiconductor chip manufacturers to renew ongoing aerial security and data services. As part of this purchase order, Airobotics offers aerial security and data services using its Optimus drone infrastructure, which includes docking stations and drones capable of capturing diverse aerial data types. These data are processed into real-time insights for end-users without human intervention. Since an initial installation in 2016, Airobotics has expanded its autonomous drone operations within the expanding semiconductor chip manufacturing facility in Israel. Starting in 2020, the Optimus System's operations have expanded from providing perimeter security and safety to including payloads and aerial missions focused on securing and processing advanced inspection and mapping data to support the project management of this large-scale semiconductor fabrication facility construction project. Under this operation, the Optimus System is providing the capability for 24/7 aerial operations for security, safety and project management services under a unified data and analytics platform for the customer, project managers and third-party contractors.The Optimus System, along with Insightful, Airobotics geo-visual data platform, currently caters to hundreds of users on a monthly basis, encompassing project owner staff and contractors. It facilitates visualization, comprehension, and sharing of construction progress. This system furnishes a unified data platform and portal, fostering heightened productivity and communication across teams and organizations while maintaining its original security and remote supervision operations.
|
NVTS WDC | Hot Stocks08:42 EST Navitas Semiconductor appoints Janet Chou as CFO - Navitas Semiconductor (NVTS) announced the appointment of Janet Chou as EVP, CFO and Treasurer, effective upon the filing of Navitas' 2023 annual report on Form 10-K expected at the end of February. Chou will report to Gene Sheridan, President and CEO, and will replace Ron Shelton, Senior Vice President, CFO and Treasurer, who announced his intention to pursue other opportunities effective March 15, 2024. Following the Form 10-K filing, Shelton will provide advice and assistance to Sheridan and transition assistance and support to Chou. Chou was previously Vice President and CFO of Global Operations for Western Digital Corporation (WDC).
|
HBI | Hot Stocks08:42 EST Hanesbrands and Georgia Tech extend long-term apparel deal, no terms - HanesBrands and the Georgia Tech announced they have signed a multiyear extension of their current apparel partnership that gives HanesBrands exclusive rights to Georgia Tech fanwear in the mass retail channel. ..The partnership extension with HanesBrands was completed in conjunction with the university's exclusive licensing agent, CLC.
|
VEEE FRZA | Hot Stocks08:41 EST Avikus, Aquasport Boats enter autonomous AI technology partnership - Twin Vee PowerCats (VEEE) and Avikus revealed a partnership that is set to redefine the landscape of recreational sport boating. Avikus and Twin Vee's subsidiary, AquaSport Boats, announced a partnership intended to create the world's first autonomously equipped recreational sport boat company. Avikus and AquaSport Boats are embarking on an exhilarating journey to revolutionize the recreational boating experience. The fusion of Avikus' autonomous prowess with AquaSport's industry vision and market expertise is expected to pave the way for an entirely new era in aquatic adventures. The Company plans to deliver a line of center and dual console recreational sport boats, each craft meticulously designed, developed, and manufactured to provide an unparalleled boating experience that incorporates advanced navigation assistance and autonomous functionality. The first models are scheduled to make their debut this summer, with additional models being introduced in late 2024 under the Twin Vee, Forza X1 (FRZA), and AquaSport brands.
|
LQR | Hot Stocks08:39 EST LQR House secures $1M purchase order for SWOL Tequila - LQR House announces a significant milestone in securing a $1 million purchase order from Cannon Estate Winery for SWOL Tequila. According to Justin Manuel, a majority owner of Cannon, Cannon Estate is currently developing a high-end lounge in the Fraser Valley, where SWOL will take center stage as the featured tequila. Leveraging key relationships established with leading distributors and retail outlets nationwide, Cannon Estate Winery intends to expand SWOL's presence across Canada. Given the government-regulated nature of Canada's alcohol market, Cannon Estate Winery aims to navigate and penetrate essential distribution channels to establish SWOL as a prominent brand beyond borders.
|
SGN | Hot Stocks08:37 EST Signing Day Sports achieved record results during 2023 U.S. Army Bowl week - Signing Day Sport announced that the Company achieved record results at the recently completed 2023 U.S. Army Bowl Week in Frisco, Texas. Danny Nelson, Chief Executive Officer of Signing Day Sports, stated, "The success of the 2023 U.S. Army Bowl Week has invigorated the Signing Day Sports team. Witnessing the increased attendance and the positive social media buzz has been phenomenal. We were especially encouraged by the unexpected but welcomed engagement from parents seeking additional guidance from Signing Day Sports beyond football, expressing their interest in mental health, nutrition, and other issues, reflecting the impact and resonance that our platform is having with parents and student-athletes alike. We are excited about the possibilities ahead and plan to turn this valuable feedback into actionable initiatives to further enhance the platform. This may include the addition of a new apparel line, nutritional supplements, or other similar items. We look forward to continuing our association with the U.S. Army Bowl Week in future years."
|
REFR | Hot Stocks08:35 EST Research Frontiers, Gauzy to demonstrate LG Display Transparent OLED products - Research Frontiers and Gauzy announced they will demonstrate new LG Display Transparent OLED products at the 2024 CES. These products showcase the remarkable benefits of pairing SPD-Smart light control film with Transparent OLED technology. In a collaboration among Gauzy, LG Display, and Research Frontiers, the fusion of SPD-Smart film and Transparent OLED screens is ushering in a new era of display innovation. This relationship has yielded Transparent OLEDs that are designed to offer unique advantages across industries with the goal to revolutionize consumer electronics, retail, and transportation, as well as in homes and offices. Debuting for the first time, at Gauzy's booth, there will be a 30-inch, LG Display Transparent OLED integrating SPD-Smart film. This innovative product allows the glass on the Transparent OELD to deliver sharp contrast displays, or a shaded area, on the window to block glare that disrupts eyesight and visual comfort. The 30-inch LG Display Transparent OLED product demonstrates some of the more widely known applications of Transparent OLED, including window displays in railway, retail, and entertainment systems.
|
FMST | Hot Stocks08:35 EST Foremost Lithium receives multi-year work permit for Jean Lake Project - Foremost Lithium Resource & Technology confirms that it received a multi-year work permit for its Jean Lake Lithium/Gold Project from the Mining Permit Office of the Manitoba Government, valid until April 30th of 2026. This permit will enable the Company to streamline the administrative processes involved with future exploration on the property, to understand the potential long-term impacts of the property while minimizing any potential work disruptions in a safer, more cost-effective approach. Foremost Lithium's CEO and President, Jason Barnard, states: "Crews have begun mobilizing to Snow Lake, Manitoba in preparation for the winter drill season. The multi-year permit allows our company the flexibility to optimize our future work on the property, which is critical as we seek to rapidly advance our resource development. This is paramount to unlocking the potential of the Jean Lake property and creating sustainable, long-term shareholder value."
|
BLIN | Hot Stocks08:34 EST Bridgeline Digital's AI-powered smartsearch selected by Max Warehouse - Bridgeline Digital announced that Max Warehouse, a home improvement retailer, has selected Bridgeline's AI-powered search technology, HawkSearch, to implement into the retailer's online shopping website. HawkSearch will improve Max Warehouse's online revenue by providing customers with a more personalized shopping experience that allows for image, concept, and keyword search so customers can easily find the products they want to buy. Max Warehouse customers will be able to take a photo of products with their cell phone and the site will return similar products to purchase. Ari Kahn, CEO of Bridgeline Digital, commented on the partnership, stating, "Our collaboration with Max Warehouse reflects our commitment to delivering high-quality online experiences. HawkSearch's personalized and expanded search capabilities are essential in providing the sophisticated and seamless shopping journey that online consumers expect from retailers in this new era of eCommerce."
|
ASPI | Hot Stocks08:33 EST ASP Isotopes provides corporate update - ASP Isotopes provided a corporate update regarding the Company's operations in Pretoria, South Africa. During December 2023, the Company and its North American commercial partner, RC14 Inc., started processing the raw materials for the production of highly enriched carbon-14, at the Company's light isotope enrichment facility in Pretoria, South Africa. During June 2023, the Company entered into a multi-year carbon-14 take-or-pay contract with a minimum revenue commitment of $2.5 million per annum. Processing the materials for the first batch of carbon-14 is expected to take approximately six months, with the Company still expecting to receive the first revenues from this contract during 1H 2024. The Company has also started the construction of its third isotope enrichment facility in Pretoria, South Africa. This third enrichment facility is expected to produce kilogram quantities of highly enriched Ytterbium-176, an important stable isotope used in the production of Lutetium-177. The Company aims to start commercial production of Ytterbium-176 during 2025. This new Ytterbium-176 enrichment facility will be the Company's first commercial plant to utilize Quantum Enrichment, an advanced isotope enrichment technique that is currently under development by ASP Isotopes and its energy subsidiary, Quantum Leap Energy, QLE.
|
CLOV | Hot Stocks08:33 EST Clover Health targets adjusted EBITDA profitability for 2024 - Clover Health Investments is targeting Adjusted EBITDA profitability for the full-year 2024. "I believe that we are at a critical inflection point in the trajectory of our business. Throughout 2023 our results, driven by strong Insurance performance, have proven the strength and agility of our model. With our purpose built technology, Clover Assistant, we have the ability to help physicians identify and manage chronic diseases earlier, which is a key lever in our push toward profitability. Going into 2024, we plan to harness the momentum generated last year to once again deliver superior results on a PPO chassis, while investing in the technology and programs to improve the health and well-being of our membership", said Andrew Toy, CEO. "We are targeting to achieve our goal to deliver profitability on an Adjusted EBITDA basis for full-year 2024. To accomplish this, we will continue to focus on improving MA-plan performance while reducing operational spend, drive increasing value from Clover Assistant's capabilities, further invest in our robust care management assets, such as Clover Home Care, and expanding our offerings to empower every primary care physician. Our team has worked relentlessly to position the Company to achieve our goals in 2024, and continue to drive toward Clover's long-term growth levers. During the most recent Medicare Advantage Annual Enrollment Period, we once again priced our Insurance plans to target profitability with an intentional focus on member retention within our core markets, rather than membership expansion, to push towards sustainable profitability this year. We intend to issue full guidance for full-year 2024 at a later date. However, this business update, and our strengthened conviction in targeting Adjusted EBITDA profitability this year, highlights the anticipated favorable impact of our ongoing strategy to deliver a sustainable, profitable Clover Health to our stakeholders."
|
BTBT | Hot Stocks08:33 EST Bit Digital upsizes contract with customer of its Bit Digital AI business line - Bit Digital announced that it has increased the scope of its contract with its first customer of its Bit Digital AI business line. Under the terms of the agreement, Bit Digital will supply the customer with computational power from an additional 512 GPUs for a period of three years. The total contract value with the customer for an aggregate of 2,048 GPUs is now worth more than $50M of annualized revenue to Bit Digital. To fulfill the contract, the Company has placed a purchase order for 64 servers manufactured by Super Micro Computer, an authorized Nvidia OEM, that are equipped with 512 Nvidia HGX H100 GPUs along with related equipment, which are expected to be delivered to the Company during January 2024. The servers will be deployed in Iceland at the datacenter where the Company's existing AI servers are located. As of the date of this press release, 128 AI servers have been successfully installed at the datacenter in Iceland and are undergoing testing. The remaining servers are expected to arrive at the datacenter during January. To help finance the growth of Bit Digital AI, the Company has executed a sale-leaseback agreement with a third party. Under the agreement, Bit Digital has agreed to sell the third party 96 AI servers, representing 768 GPUs, and lease them back for a period of three years. The lease rate represents a percentage of the total contracted rate for those GPUs and the Company will also pass through pro-rated operational expenses for those units to the third party.
|
TMST | Hot Stocks08:31 EST TimkenSteel to change name to 'Metallus,' effective February 27 - TimkenSteel (TMST) announced its intent to change its name to "Metallus." The new name honors the company's century-long legacy as an industry-leading producer of strong, sustainable steel and reflects its vision to harness the enduring power of high-performance metals to make the world a better place. The company's common stock will continue to trade on the New York Stock Exchange under its new ticker symbol (MTUS), effective February 27.
|
VYEY | Hot Stocks08:19 EST VIctory Energy completes Victory Oilfield Tech, H2 Energy Group merger - Victory Clean Energy announces the completion of their definitive merger agreement, dated December 31, 2023, uniting VYEY formerly Victory Oilfield Tech and H2 Energy Group. The newly combined entity will operate under the name Victory Clean Energy, Inc. The merger positions Victory Clean Energy as a formidable player in the low-cost Green Hydrogen sector, focusing on decarbonization in heavy transportation and industrial Hydrogen markets. Leveraging Victory's exposure to public capital markets and H2EG's cutting-edge TrueGreen Hydrogen production solutions, the combined company aims to provide clean, reliable, and cost-effective energy sources to a diverse range of clients. The newly merged company is poised to realign its strategic focus, channeling efforts towards decarbonizing demanding industrial sectors through our TrueGreen Hydrogen production solutions.
|
STLA | Hot Stocks08:18 EST Stellantis' Mobilisights announces review of the year - Mobilisights, a Stellantis data company, is transforming the field of connected vehicle applications, showcasing the extensive impact Stellantis vehicle data has in smart solutions, and enhancing efficiencies for the entire automotive ecosystem. In terms of product assessment, Mobilisights has developed or evolved five major data packages to meet the needs of its clients. Rental companies benefit from Mobilisights' fleet management solutions, controlling fuel management and optimizing their operations with real-time data, crucial for enhancing customer satisfaction and operational efficiency. Real-time data from connected vehicles, like odometer and acceleration, enables insurance companies to offer personalized products, rewarding safe driving. This driver data, with consent, is analyzed to create offers based on driving style, enriching vehicle ownership with Mobilisights' data. Mobilisights' data also empowers businesses to develop intuitive applications for electric vehicle owners. Mobilisights is actively working on providing anonymized data contributions. "We've translated data into progress, enabling a more connected world, and our journey is just starting," said Sanjiv Ghate, CEO of Mobilisights. "I have seen the impact we have been able to achieve with our customers in creating a safer and more efficient ecosystem. We're not just moving, we're leading the way for a smarter world together and pioneering the future of mobility, one data point at a time."
|
NFTG GXAI | Hot Stocks08:16 EST NFT Gaming announces name change to Gaxos.AI - The NFT Gaming Company has changed its name from NFT Gaming Company to Gaxos.AI and its ticker symbol from "NFTG" to "GXAI". The Company expects that its shares of common stock will begin trading on The Nasdaq Stock Market under the new name and new stock ticker symbol "GXAI" in January 2024. The name change was approved at a meeting of the board of directors held on January 05, 2024.
|
LAES | Hot Stocks08:15 EST SEALSQ Corp. launches 'on-Package' semiconductor provisioning service - SEALSQ announced that it extends its available "on-wafer" semiconductor provisioning offering with a new 4-week lead-time "on-Package" chip personalization service. Through this new service, SEALSQ is now able to offer its clients the option to personalize off-the-shelf secure elements from its VaultIC range with certificates and keys and deliver the pre-loaded chips in less than 4 weeks packed in reels from 1,000 to 20,000 units. "The unique combination of SEALSQ's PKI services, and our on-chip or cloud-based provisioning services together with the Matter Root-of-Trust PAA will help our customers save time and money in achieving Matter security compliance," said Carlos Moreira, CEO and founder of SEALSQ and the WISeKey Group.
|
SAIC | Hot Stocks08:15 EST SAIC to deliver IT services on Department of Veterans Affairs $60.7B contract - Science Applications Internationa has been selected to provide a range of Information Technology services on the Department of Veterans Affairs contracting vehicle called Transformation Twenty-One Total Technology Next Generation Two . "SAIC is ready to deliver best-in-class innovation and modernization in support of our nation's heroes, the veteran community," said Vishal Tulsian, senior vice president, Health, State and Local, and Federal Financials at SAIC. "We will continue to support the Department of Veterans Affairs in their pursuit of innovative IT services including highly secure and adaptable IT infrastructure, systems engineering, secure application development and customer support and training." Under this contract, companies selected will compete for task orders to provide a full range of IT services across 11 technical functional areas in support of the VA and other federal agencies. SAIC will serve as a prime contractor on the first position. On the second, the company will be a contractor in the joint venture with Higher Echelon, which is in a mentor-protege program with SAIC. SAIC has supported the VA's previous contracting vehicle and successfully executed 16 task orders valued at approximately $935 M, to date.
|
ICCM | Hot Stocks08:15 EST IceCure Medical sees FY23 ProSense sales up 26% globally - The company said, "Based on our expected preliminary unaudited 2023 results, ProSense system and disposable probe sales increased by 26% globally over 2022. Product sales in the U.S. were up 25% in 2023 over 2022 levels. On a preliminary unaudited basis, total revenues increased for the financial year ended December 31, 2023 to $3.2 million, as compared to $3.1 million in 2022. An increase in system and probe sales was partially offset by a decrease in revenue recognition from our distribution agreement with Terumo Corporation. On a preliminary unaudited basis, as of December 31, 2023, we had cash and cash equivalents, including short-term deposits, of $11 million. During the fourth quarter of 2023 we implemented an expense reduction plan to reduce our non-revenue generating and clinical development costs, lowering monthly cash utilization, to help ensure that we meet our primary goals in 2024." CEO Eyal Shamir noted, "2023 was a year of strong growth for IceCure. Cryoablation became increasingly recognized as a highly favorable minimally invasive alternative to open surgery and ProSense achieved an expanded global rollout with regulatory clearances received in significantly large markets such as Brazil, Canada, and China. Furthermore, the trend toward performing cryoablation procedures is increasing amongst breast surgeons and breast radiologists. We believe that the growing abundance of peer-reviewed journals publishing ProSense and cryoablation studies will have a direct and favorable impact on IceCure as we continue to expand our global distribution footprint. We are very optimistic about 2024 and believe it will be a pivotal year marked by the completion of our ICE3 breast cancer study and continued penetration in the U.S. and global markets."
|
KERN | Hot Stocks08:14 EST Akerna announces special meeting to vote on Gryphon Digital merger - Akerna Corp. announced that its special meeting of stockholders will be held on Monday, January 29, 2024, at 9:00 a.m., Mountain Time for consideration and voting on the proposed merger between Akerna and Gryphon Digital Mining, as well as certain other matters relating thereto. The record date for the determination of stockholders entitled to receive notice of and to vote at the Akerna Special Meeting is the close of business on December 21, 2023. Akerna's registration statement on Form S-4, filed with the U.S. Securities and Exchange Commission by Akerna was declared effective by the SEC on January 9, 2024. The Form S-4 was filed in connection with the previously announced Transaction. The Form S-4 serves as both a proxy statement of Akerna and as a prospectus. Stockholders of both Akerna and Gryphon are encouraged to read the proxy statement/prospectus which contains important information regarding the Transaction. Upon the closing of the Transaction, the common stock of the new "Gryphon Digital Mining, Inc." is expected to be listed on the Nasdaq under the proposed ticker symbol "GRYP." The closing of the Transaction remains subject to approval by both Akerna and Gryphon stockholders, final approval by the Nasdaq and customary closing conditions. Akerna and Gryphon are targeting to close the Transaction on January 31, 2024
|
BOF | Hot Stocks08:14 EST BranchOut Food engages PCG Advisory to expand investment outreach - BranchOut Food has engaged PCG Advisory, a leading firm specializing in investor relations and digital strategies, to act as an advisor for investor relations and strategic communications. PCG Advisory will collaborate closely with the senior management team at BranchOut Food to enhance the company's investor relations efforts and implement a shareholder communication and digital strategies program aimed at increasing BranchOut Food's visibility within the investment community. Eric Healy, Chief Executive Officer of BranchOut Food, commented, "We are thrilled to partner with PCG Advisory as we strive to expand our production to meet the growing demands of our retail partners and accelerate our market share in the dehydrated fruit and vegetable sector. A key objective for BranchOut Food in 2024 and beyond is to add value for our customers and shareholders. We are eager to utilize PCG's strategic approach to boost investor awareness of BranchOut's unique value proposition."
|
XERS | Hot Stocks08:14 EST Xeris license pact with $75M potential for Xeriject formulation of teprotumumab - Xeris Biopharma Holdings (XERS) announced that it has entered into an exclusive worldwide license agreement for Amgen (AMGN) to develop, manufacture, and commercialize a subcutaneous formulation of teprotumumab using Xeris' XeriJect technology in Thyroid Eye Disease a serious, progressive and potentially vision-threatening rare autoimmune disease. Teprotumumab-trbw is known as TEPEZZA in the United States. "We are very excited that our partner is moving forward with licensing the XeriJect technology to further the development of the XeriJect subcutaneous teprotumumab to potentially enhance the patient experience and delivery of the treatment for Thyroid Eye Disease. This agreement to license XeriJect further validates the potential value of our technology to enable large molecule subcutaneous injections that provide a more patient friendly regimen that is effective, safe, and more convenient, with potential for improved adherence," said Paul R. Edick, Chairman and CEO of Xeris. "We will move quickly to support our partner in this important development program." Under the terms of the License Agreement, Xeris has the potential to receive $75 M in development and regulatory milestones, plus sales-based milestones, as well as escalating single-digit royalties based on future sales of TEPEZZA using the XeriJect technology.
|
TRU | Hot Stocks08:13 EST TransUnion unveils TruVision Consumer Property Insights for portfolio managing - TransUnion unveiled TruVision Consumer Property Insights for Portfolio Management to help ensure both lenders and borrowers are protected from the potential risks associated with property value fluctuations. "Both macro and microeconomic conditions and fluctuations can dramatically impact the value of a property, putting mortgage and home equity borrowers and lenders at risk," said Satyan Merchant, senior vice president, auto and mortgage business leader at TransUnion. "Having access to current property value insights for portfolio management can help lenders determine the risk of the property values in their portfolio to manage risk exposure."
|
WIMI | Hot Stocks08:12 EST WiMi Hologram Cloud working on blockchain hashing algorithm - WiMi Hologram Cloud is working on the optimization of a blockchain hash algorithm based on proactive re-configurable computing architecture. PRCA is an operational mechanism based on multi-dimensional re-configurable functional structures, which centers on the execution structure of computation, and storage that changes dynamically with the efficiency when data is being processed, instead of improving the algorithms to improve the performance of the computation while the underlying hardware remains unchanged. PRCA has many functional equivalents, but they are accomplished by combining different hardware structures with that algorithm. The goal is to achieve high performance in computation, i.e., to deal with how the algorithm automatically senses variables to generate the optimal set of computations and re-configures the computation autonomously. In addition, PRCA can improve the processing efficiency of the blockchain by dynamically adapting the hardware configuration to different computational requirements. For example, when performing hash computing, the hardware configuration can be dynamically adjusted according to the actual computational needs, such as increasing the number of CPU cores, increasing the memory capacity, etc., in order to improve the speed of computing. WiMi is managing to apply PRCA to the blockchain to generate the optimal computational structure through self-awareness and dynamic selection, where all software and hardware are dynamically variable. During application processing, the optimal solution can be selected based on the independent variables in the program, and the optimal set of solutions with functionally equivalent variables with different computational efficiencies is obtained, which improves the performance of the hash algorithm, increases the transmission efficiency, and enhances the security of the blockchain.
|
BNGO | Hot Stocks08:11 EST Bionano Genomics announces 2024 Symposium - Bionano Genomics announced its 2024 Symposium, the quintessential event for the optical genome mapping community. The event is an opportunity for OGM users to present their progress to the world. 2024 Symposium will feature four consecutive days of OGM presentations delivered by 27 different customers worldwide across a wide range of applications in cancer, cell and gene therapy, and constitutional genetic disease. The Symposium will take place virtually from January 22 to 25, 2024. Each day will feature user presentations, a live panel with Q&A, and scientific posters within the virtual exhibition hall. On day 2, Bionano will unveil a new product expected to advance cytogenetics and structural variant analysis. "At Bionano, we are working to transform the way the world sees the genome," said Erik Holmlin, PhD, president and chief executive officer of Bionano. "Symposium is our platform event for the community of OGM users to share their experiences with OGM and how it can be used to reveal more answers for research applications. What impresses me most about the lineup for 2024 is the sheer breadth of topics, ranging from the use of OGM in prenatal and postnatal testing, to homologous recombination deficiency analysis in breast cancer and the use of OGM in drug development through cell and gene therapy."
|
SECO | Hot Stocks08:11 EST Secoo Holding receives additional delinquency letter from Nasdaq - Secoo Holding Limited announced that on January 5, 2024, it received an additional delinquency letter from The Nasdaq Stock Market LLC, notifying the Company that (i) the Company is not in compliance with Nasdaq's continued listing requirements set forth in Nasdaq Listing Rule 5250(c)(1) due to the Company's failure to file its Form 6-K containing an interim balance sheet and income statement as of the end of its second quarter ended June 30, 2023, which serves as an additional basis for delisting the Company's securities from Nasdaq, and (ii) the Nasdaq Hearings Panel will consider this matter in rendering a determination regarding the Company's continued listing on Nasdaq. The Nasdaq additional delinquency letter has no immediate effect on the listing or trading of the Company's American Depositary Shares on Nasdaq.
|
TGL META | Hot Stocks08:10 EST Treasure Global's ZCITY launches live commerce solution on Meta - Treasure Global (TGL) announced its next live commerce achievement with ZCITY, its innovative e-commerce subsidiary, utilizing Meta (META) as the platform for its next live commerce event, and continuing to push the boundaries of innovation in the digital age. ZCITY's live commerce events on platforms are expected to open opportunities for additional revenue for the Company. "Today marks a historic moment not only for Treasure Global and ZCITY but for the entire e-commerce industry. Our AI-human hosted live commerce sessions have surpassed expectations, showcasing the immense potential of innovative technology in reshaping the way consumers interact with brands to enhance the shopping experience. This success underscores our commitment to pushing the boundaries of what's possible and redefining the future of e-commerce," said Sam Teo, Chief Executive Officer of Treasure Global.
|
TSHA | Hot Stocks08:08 EST Taysha Gene Therapies announces first pediatric patient dosed with TSHA-102 - Taysha Gene Therapies announced that the first pediatric patient has been dosed with TSHA-102 in the REVEAL Phase 1/2 pediatric trial in the United States evaluating the safety and preliminary efficacy of TSHA-102 in stage three female patients 5-8 years of age with Rett syndrome. The Company also announced the United Kingdom Medicines and Healthcare products Regulatory Agency, MHRA, has authorized the Clinical Trial Application, CTA, for TSHA-102 in pediatric patients, enabling expansion of the ongoing U.S. REVEAL pediatric trial into the U.K. "Dosing the first pediatric patient with Rett syndrome marks an important step forward in our efforts to broaden the clinical evaluation of TSHA-102 to younger patients with earlier stages of Rett syndrome. We are pleased with our progress on expanding the study of TSHA-102 across a broad population of ages and stages of Rett syndrome to bring a potentially transformative treatment option to all patients and families suffering from this devastating disease," said Sukumar Nagendran, M.D., President, and Head of R&D of Taysha. "The pediatric trial will build on our ongoing REVEAL adolescent and adult trial, where early data demonstrated improvements across multiple clinical domains in adult patients with the most advanced stage of disease. We also plan to expand our U.S. pediatric trial into the U.K. following the recent acceptance of our CTA by the MHRA."
|
ENPH | Hot Stocks08:08 EST Enphase Energy to host installer event in the Netherlands - Enphase Energy will host its "Solar Next" event on Jan. 11, 2024 for installers from across the Netherlands, promoting a comprehensive solution with solar, batteries, and energy management software to help unlock the full potential of the evolving Dutch energy market. The event will include speakers from TenneT, a Dutch transmission system operator, Vandebron, an energy provider in the Netherlands, energy software experts, installers of Enphase products, and Enphase leadership. Net energy metering drove the rapid adoption of solar in the Netherlands, but the over-generation of electricity from solar homes has led to grid imbalances that will require new technology solutions to help solve. To create maximum value for solar homeowners, battery storage systems and energy management software must be added to help drive self-consumption and better manage an increasingly complex energy system. Enphase has developed a comprehensive technology solution to meet the evolving needs of the Dutch energy market as highlighted in its white paper on the Enphase website.
|
CRNC GWLLF | Hot Stocks08:07 EST Cerence selected by Great Wall Motor to power in-car experience - Cerence (CRNC) announced that Great Wall Motor Company (GWLLF), GWM, one of China's largest SUV, pickup, and electric vehicle manufacturers, has selected Cerence to power the in-car experience across its lineup as it expands worldwide. GWM will deploy this new, Cerence-powered user experience in 13 languages across 20 countries in key car models, including the GWM TANK300, GWM TANK500, ORA 07, and POER, bringing intuitive, natural interaction to drivers globally. GWM and Cerence have collaborated to bring new, enhanced user experiences to GWM drivers. GWM is leveraging Cerence Assistant and Cerence Speech Signal Enhancement to provide key features, including wake-up word activation; support for multi-step interactions; and multi-zone interaction, meaning drivers and passengers can both engage with the assistant and receive support specified to their seat and needs. "Great Wall Motor's success in China serves as a strong foundation for success globally as it expands worldwide and brings new electric models to market," said Stefan Ortmanns, CEO, Cerence. "By empowering drivers with intuitive, intelligent voice interaction, GWM will advance its mission of accelerating innovation that serves a global consumer base. We are proud to be part of GWM's global success."
|
BECN | Hot Stocks08:07 EST Beacon sees Q4 EPS $1.42-$1.48, consensus $1.64 - Sees Q4 revenue $2.3B, consensus $2.22B. Sees Q4 gross margins 25.7%; net income $92M-$96M; adjusted EBITDA $212M-$217M.
|
AKYA | Hot Stocks08:05 EST Akoya Biosciences announces establishment of Scientific Advisory Board - Akoya Biosciences announced the establishment of its Scientific Advisory Board to provide strategic guidance and consult on the Company's efforts to deliver spatial biology solutions for the life sciences industry, from discovery to diagnostics. The initial members of Akoya's Scientific Advisory Board are: Garry Nolan, Ph.D., Rachford and Carlota Harris Professor in the Department of Pathology at Stanford University School of Medicine, co-founder of Akoya Biosciences and inventor of the CODEX technology. James Allison, Ph.D. Padmanee Sharma, M.D., Ph.D. Jeanette Hsu.
|
DT | Hot Stocks08:05 EST Dynatrace appoints Laura Heisman as Chief Marketing Officer - Dynatrace announced the appointment of Laura Heisman as Chief Marketing Officer CMO , effective January 16, 2024. Laura will succeed Mike Maciag, who has served as the Dynatrace CMO for five years. Maciag will stay at Dynatrace in an advisory capacity through April 2024. Heisman brings three decades of experience reaching enterprise, developer, consumer, and corporate audiences. Most recently, she was CMO at VMware, leading the global marketing organization. Before VMware, she was a member of the GitHub executive leadership team, serving as vice president of communications and corporate marketing. Heisman also spent over a decade at Citrix, serving as vice president of communications and leading the company's worldwide communications and brand awareness program. She holds a Bachelor of Arts in Communications from San Diego State University. As an advocate for women working in technology, she has served as the executive sponsor of women employee resource groups at VMware, GitHub, and Citrix.
|
STIX | Hot Stocks08:04 EST Semantix CFO Adriano Alcade resigns - Semantix announces the resignation of Mr. Adriano Alcalde, CFO, to be effective on May 1, 2024. Mr. Alcalde has served as CFO & IR of the Company since June 2020, contributing significantly to its financial success and growth. The Company is committed to ensuring a seamless transition and has already initiated a thorough search for a qualified successor. During this interim period, Mr. Alcalde will work closely with the executive team to facilitate a smooth handover of responsibilities. The Board of Directors and executive leadership team are actively engaged in the succession planning process, and updates on the progress will be communicated promptly to stakeholders. The company remains focused on its strategic objectives and is optimistic about the future.
|
BECN | Hot Stocks08:04 EST Beacon appoints Carmelo Carrubba as Interim CFO - Beacon announced the appointment of Carmelo Carrubba, Beacon's current Vice President of Strategy and Transformation, as Interim CFO, effective January 20, while the Company conducts an external search for its next CFO. The Company previously announced that Executive Vice President & CFO Frank Lonegro will be leaving the Company effective February 1 to become the chief executive officer of a publicly traded company outside of the building products industry. Carrubba joined Beacon in April 2022 as Vice President of Strategy and Transformation and as a member of Beacon's Executive Committee. In these key leadership positions, Mr. Carrubba shares responsibility for creating and supporting the value creation framework to drive the successful execution of Beacon's Ambition 2025. Mr. Carrubba has extensive executive, functional and operational experience, having joined Beacon from Glatfelter, a US publicly-traded leading manufacturer of engineered materials, where he served as Vice President of Strategy and Sustainability, after serving in a similar role at Jacob Holm, a privately-held engineered material manufacturer, where he served as Corporate Vice President of Strategy and Sustainability.
|
LH | Hot Stocks08:04 EST Labcorp, Hawthorne Effect announce collaboration - Labcorp and Hawthorne Effect are pleased to announce a strategic collaboration to advance decentralized clinical trial capabilities for pharma, biotech and medical device sponsors seeking to increase patient diversity and inclusion, decrease site burden, and accelerate enrollment and clinical study timelines. Through the collaboration, Labcorp and Hawthorne Effect aim to combine their services and create new, differentiated service offerings to support decentralized clinical trials. Hawthorne Effect's comprehensive digital platform allows complex study visits and clinical data collection to be conducted seamlessly in the patient home or community and has been demonstrated to increase diverse patient participation, improve quality, completeness and timeliness of trial data, and accelerate trial timelines.
|
ELWS | Hot Stocks08:03 EST Earlyworks entered into MoU with Social Finance for blockchain game development - Earlyworks announced that it entered into a Memorandum of Understanding, MoU, with Social Finance, an operator of the Web3 platform GuildQB, which is one of the largest blockchain gaming guilds in Japan, to jointly develop blockchain games. This represents a key initiative of the Company to leverage GLS in the gaming industry. Earlyworks agreed to provide GLS, offer design or design support for blockchain games, and conduct technical verification, system development and operation. Social Finance is responsible for blockchain game planning, marketing and sales of content in blockchain games, and formation and operation of communities in blockchain games. Satoshi Kobayashi, the Chief Executive Officer and Representative Director of Earlyworks, commented, "We are excited about this partnership with Social Finance, which is expected to explore new frontiers of gaming and unleash new possibilities for the industry. In addition, this initiative is set to strengthen our technological advantages by tapping into the high processing speed of GLS and enhancing its compatibility with the gaming industry. We firmly believe that this partnership will further enhance the profitability of our GLS-based services across industries and expand our market footprint in the Web 3.0 era, bringing enduring value for our shareholders."
|
BBLG | Hot Stocks08:03 EST Bone Biologics regains compliance with Nasdaq continued listing rule - Bone Biologics announced that it has received notice from The NASDAQ Stock Market informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Bone Biologics is now in compliance with all applicable listing standards and its common stock will continue to be listed on The Nasdaq Capital Market, but will remain under Nasdaq's discretionary panel monitor until June 28. Bone Biologics was notified by Nasdaq on September 27, that it was not in compliance with the minimum bid price rule because its common stock failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on January 4, the 10th consecutive trading day when the closing bid price of the Company's common stock was over $1.00.
|
VYNE | Hot Stocks08:03 EST VYNE Therapeutics announces biomarker data from Phase 1b trial of VYN201 - VYNE Therapeutics announced new biomarker data from the previously completed Phase 1b trial in patients with nonsegmental vitiligo. The data show that BET inhibitor, VYN201, had a positive effect on multiple disease-associated biomarkers. Clinical data from the Phase 1b trial were announced in October 2023. The trial was a 16-week open-label study assessing the safety, tolerability, pharmacokinetics, and exploratory efficacy of once-daily topical VYN201 in 29 patients with a clinical diagnosis of active nonsegmental vitiligo, in three dose cohorts. Enrolled subjects had two, non-facial active vitiligo lesions. One lesion, selected for treatment with VYN201, had skin tissue biopsies taken prior to first application of VYN201 and after 8 weeks of treatment. Biopsies were analyzed to quantify the effect of VYN201 on specific biomarkers related to inflammation associated with vitiligo, melanocyte proliferation, and melanogenesis. Exploratory data from the 1.0% and 2.0% cohorts showed that VYN201 treatment demonstrated biological activity and a positive effect on certain key biomarkers relevant to vitiligo disease severity and progression. The magnitude of biomarker modulation was more pronounced in the 2.0% dose cohort than in the 1.0% dose cohort, indicative of an emerging dose-response. Results from the biomarker analyses include the following: Downregulation of Matrix metalloproteinase-9 levels: VYN201 induced the downregulation of MMP-9 in biopsied lesional skin after 8 weeks of treatment compared to baseline. MMP-9 is an inflammatory biomarker associated with the detachment and subsequent loss of melanocytes from skin in vitiligo and is elevated in patients with vitiligo. At Week 8, there was a median reduction in MMP-9 of 40.8% in lesional skin compared to baseline for subjects in the 2.0% cohort. Upregulation of melanocyte-related transcription factors: VYN201 induced the upregulation of multiple MRTFs, including SRY-box transcription factor 10, Lymphoid-enhancing factor-1, beta-Catenin and Microphthalmia associated transcription factor, after 8 weeks of treatment compared to baseline. Each of these markers are linked to the proliferation of melanocytes, recovery in melanogenesis, and subsequent re-pigmentation of skin. In the 2.0% cohort, SOX10, LEF1, beta-Catenin and MITF transcription factors had median increases of 36.1%, 90.2%, 16.5% and 15.2% in their respective expression levels in lesional skin compared to baseline.
|
MRTX | Hot Stocks08:02 EST Mirati Therapeutics receives conditional authorization for KRAZATI from EC - Mirati Therapeutics announced that the European Commission, or EC, granted conditional marketing authorization for KRAZATI, or adagrasib, as a targeted treatment option for adult patients with KRASG12C -mutated advanced non-small cell lung cancer, or NSCLC, and disease progression after at least one prior systemic therapy. KRAZATI has demonstrated a positive benefit-risk profile based on the Phase 2 registration-enabling cohort of the KRYSTAL-1 study, evaluating KRAZATI 600 mg administered orally twice daily in 116 patients with KRASG12C-mutated advanced NSCLC who previously received treatment with a platinum-based regimen and an immune checkpoint inhibitor. The primary efficacy endpoints were confirmed ORR and DOR as evaluated by blinded independent central review according to response evaluation criteria in solid tumors. Conditional marketing authorization for KRAZATI is valid in all 27 EU member states plus Iceland, Norway and Liechtenstein. This authorization follows the positive opinion adopted by the Committee for Medicinal Products for Human Use in November 2023.
|
LUCY | Hot Stocks08:02 EST Innovative Eyewear receives Notice of Allowance for 14 patent applications - Innovative Eyewear is pleased to announce it has received Notices of Allowance from the United States Patent and Trademark in fourteen design patent applications protecting the company's Lucyd Lyte eyewear designs. Receipt of a Notice of Allowance indicates that claims in the patent applications are patentable, and Innovative Eyewear expects the patents to be issued after payment of issue fees. These design patents are directed to Innovative Eyewear front plate and temple designs.
|
TGB | Hot Stocks07:59 EST Taseko Mines produced 34M pounds of copper in Q4 - Taseko Mines announced that the Gibraltar mine produced 34M pounds of copper and 369,000 pounds of molybdenum in the Q4. For the full year, Gibraltar produced 123M pounds of copper, well above guidance and 26% higher than the previous year. Copper production in the Q4 was supported by strong copper grades of 0.27% with ore from the lower benches of the Gibraltar pit. Mill throughput in the quarter averaged 83,000 tons per day and was impacted by additional downtime for maintenance and monitoring of the ball mill in concentrator #2. Copper sales volumes in the Q4 were 36M pounds, and year-end concentrate inventories remained above normal levels.
|
CHH WH | Hot Stocks07:56 EST Choice Hotels disputes 'false and misleading antitrust claims' made by Wyndham - Choice Hotels International (CHH) issued an investor presentation and infographic disputing the false and misleading antitrust claims made by Wyndham Hotels & Resorts (WH) in connection with Choice's proposal to acquire Wyndham. The presentation has been filed with the U.S. SEC and is also available at CreateValueWithChoice.com. Patrick Pacious, President and CEO of Choice Hotels, said, "We are disappointed Wyndham is pushing this disinformation campaign. Their take on the antitrust risk on our proposed combination is misleading and further reflects the board's apparent entrenchment. Wyndham's characterization of the lodging industry's competitive landscape and relevant regulatory criteria is incorrect. Our pro-competitive combination is well positioned to obtain approval, and we remain committed to completing it for the benefit of both companies' franchisees, shareholders and guests." []:[https://www.createvaluewithchoice.com/]
|
FRFHF ORLA | Hot Stocks07:51 EST Fairfax Financial acquires additional Orla Mining shares - Fairfax Financial Holdings (FRFHF) has acquired, through its insurance company subsidiaries, 500,000 common shares of Orla Mining (ORLA) at a price of $4.20 per Common Share for an aggregate purchase price of approximately $2,100,000 through the facilities of the Toronto Stock Exchange. The Share Purchase represents approximately 0.16% of the issued and outstanding Common Shares of Orla and brings Fairfax's total holdings, through its insurance subsidiaries, of such securities to 40,367,191 Common Shares. Immediately prior to the Share Purchase, Fairfax, through its insurance company subsidiaries, beneficially owned and controlled 39,867,191 Common Shares, representing approximately 12.68% of the issued and outstanding Common Shares of Orla.
|
CMGR | Hot Stocks07:47 EST Clubhouse Media announces Lesly Arizmel joins HoneyDrip.com - Clubhouse Media Group announced that model and social media influencer, Lesly Arizmel, has joined HoneyDrip.com. Arizmel has a large following, boasting nearly 100K followers on Instagram alone. HoneyDrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content.
|
BABYF | Hot Stocks07:38 EST Else Nutrition RTD Kids Shakes available on Canadian online retail platform - Else Nutrition announces that its new Ready-to-Drink, RTD, Kids Shakes are now available on one of Canada's largest online retail platforms in both Vanilla and Chocolate flavors. "Launching our RTD Kids Shakes on this major online platform marks an important milestone in our mission to offer healthy and delicious nutritional products to Canadian families nationwide," said Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition. "We are proud to collaborate with this large retailer and believe this is an important step towards offering our products in their stores across North America. Given the positive feedback from consumers, as well as the significant traction we are witnessing in the market, we believe we are well positioned to leverage this relationship to increase market share and assist in accelerating our growth."
|
ARWYF AAPL | Hot Stocks07:37 EST ARway.ai sees increase in global demand amid Apple Vision Pro launch - ARway.ai is seeing a increase in global demand for its AR platform in anticipation of the launch of Apple's Vision Pro February 2nd, 2024. ARway.ai currently has over 3800+ total accounts, with 4400+ maps created and 43+ pilots and trials. Demand for ARway is accelerating in from around the world for various use-cases and industries looking to leverage the Company's groundbreaking augmented reality and spatial computing technology.
|
AC | Hot Stocks07:36 EST Associated Capital reports preliminary Q4 book value per share $41.91-$42.11 - Associated Capital Group announced a preliminary range for its fourth quarter book value of $41.91 to $42.11 per share. This compares to $41.43 per share at September 30, 2023 and $40.48 per share at December 31, 2022.
|
ABSI AZN | Hot Stocks07:36 EST Absci appoints Sir Pangalos to its board of directors - Absci (ABSI) announced the appointment of seasoned R&D executive Professor Sir Menelas "Mene" Pangalos to its Board of Directors and as co-chair of Absci's Scientific Advisory Board. Sir Pangalos was the Executive Vice President of BioPharmaceuticals R&D at AstraZeneca (AZN). He joins Absci as the company scales its AI-enabled portfolio of partnered and wholly-owned assets.
|
JUSHF | Hot Stocks07:35 EST Jushi Holdings announces opening of relocated dispensary in Pennsylvania - Jushi Holdings announced the opening of its relocated Beyond Hello Hazleton dispensary in Pennsylvania, through its subsidiary, Franklin Bioscience - NE LLC. Franklin Bioscience - NE LLC's new store, doing business as Beyond Hello Mount Pocono, is located at 3192 Route 940, Suite 101, in Monroe County, and ideally situated directly in the Pocono Mountains, a bustling vacationing area full of various outdoor activities, resorts, shopping, and entertainment. The dispensary will begin serving medical cannabis patients and caregivers in Northeast Pennsylvania and beyond on Saturday, January 13th, at 9:00 a.m., and will offer an exclusive promotion of 30% off all purchases that same day. Beyond Hello Mount Pocono will be open daily Monday through Saturday from 9:00 a.m. to 8:00 p.m. and on Sundays from 10:00 a.m. to 6:00 p.m.
|
BWAY | Hot Stocks07:35 EST Brainsway initiates clinical evaluation of rotational field 'Deep TMS 360' - BrainsWay announced that it will be clinically evaluating an innovative stimulation technology in two new feasibility trials. The studies both involve BrainsWay's exclusive, patented "Rotational Field" TMS which employs a method of stimulation that enables activation of a greater number of neurons in the brain. The Company aims to assess the potential clinical impact of this technology on patients in two newly launched feasibility studies. One study will test the safety and efficacy of this technology in the field of rehabilitation following stroke, a devastating neurological condition. Another study will test the technology in the field of obsessive-compulsive disorder utilizing an accelerated protocol. "We are proud to continue to be at the forefront of innovation in the field of noninvasive brain stimulation," said Hadar Levy, Chief Executive Officer of BrainsWay. "We believe that our Rotational Field technology holds significant potential to change the current TMS paradigm. We look forward to testing its capabilities in these newly launched post-stroke rehabilitation and OCD feasibility studies."
|
BBIO | Hot Stocks07:34 EST BridgeBio reports inducement grants under Nasdaq listing rule - BridgeBio Pharma announced that on January 08, 2024, the compensation committee of BridgeBio's board of directors granted twenty five new employees restricted stock units for an aggregate of 66,963 shares of the Company's common stock. One-fourth of the shares underlying each employee's restricted stock units will vest on February 16, 2025, with one-twelfth of the remaining shares underlying each such employee's restricted stock units vesting on a quarterly basis thereafter, in each case, subject to each such employee's continued employment with the Company or one of its subsidiaries on such vesting dates. All of the above-described awards were made under BridgeBio's Amended and Restated 2019 Inducement Equity Plan. The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio's board of directors in November 2019, and amended and restated on February 10, 2023 and on December 13, 2023.
|
SGRP | Hot Stocks07:33 EST Spar Group sells ownership interest in SPARFacts, terms unidsclosed - SPAR Group reported the sale of its ownership interest in SPARFacts, Australia and the National Merchandising Services U.S. joint venture.
|
LILM | Hot Stocks07:33 EST Lilium, Fraport collaborate on development of commercial eVTOL network - Airport operator Fraport and Lilium announced their strategic collaboration to explore required planning and approval steps for state-of-the-art infrastructure for the implementation of commercial eVTOL operations at airports. Fraport is active at 30 international airports across four continents. The partnership will start by preparing Germany and the industry for the introduction of regional electric air mobility through working with industry groups and the German government to jointly discuss and accelerate necessary regulatory work. Fraport and Lilium plan to analyze future mobility concepts for vertiport networks that are suitable for electric aircraft. Fraport and Lilium will also examine how future vertiport concepts for this type of mobility could look like, especially at and around airports. Lilium CEO Klaus Roewe highlights: "With Fraport, we have partnered with one of the most renowned international airport operators in the world. Through this partnership, we expect to be able to analyze the conditions for regional aviation with electrically powered and quiet jets. Our goal is to jointly advance regulatory and practical steps for suitable framework conditions for electric aviation and our potential customers in Germany and Europe."
|
WPC | Hot Stocks07:32 EST W.P. Carey sees FY23 investment volume $1.3B - W. P. Carey announced investment volume for the 2023 full year of approximately $1.3B, including investments totaling approximately $320M completed during the Q4. Q$ investment activity included the $157M cross-border sale-leaseback of 11 facilities across Italy, Spain and Germany net leased under master leases by country to Fedrigoni Group, a global manufacturer of high added value specialty papers for luxury packaging and other creative applications, premium labels and self-adhesive materials. As part of the same transaction, W. P. Carey is scheduled to close the acquisition of five additional properties in Italy for approximately $148M in January, subject to certain conditions. During 2023, the company remained focused on acquiring high-quality, single-tenant warehouse and industrial assets, which comprised approximately 75% of its full-year investment volume. From a geographic perspective, approximately 80% of its 2023 volume was in North America and 20% was in Europe. Jason Fox, CEO, said: "Throughout 2023, pricing expectations among sellers persistently lagged rising interest rates, causing deals to take longer to negotiate and close, especially during the second half of the year. Given this dynamic, we remained disciplined and actively exerted our pricing power to preserve spread, closing $320 million of investments at an approximately 7.7% weighted-average cap rate during the fourth quarter. This brought our 2023 investment volume to $1.3B, with two additional investments totaling around $180M scheduled to close in January."
|
PHRRF | Hot Stocks07:32 EST PharmaTher provides update for expected FDA approval of ketamine - PharmaTher Holdings provides an update for the Company's lead drug, ketamine, as a potential treatment for anesthesia, sedation, pain, mental health, and neurological indications. On September 27, 2023, the Company announced that the U.S. Food and Drug Administration had accepted the priority original Abbreviated New Drug Application for ketamine and assigned an approval goal date of April 29, 2024. The assigned FDA approval goal date is still on track. Fabio Chianelli, CEO of PharmaTher, commented: "We believe 2024 will be a transformative year for PharmaTher with the expected FDA approval of ketamine having an assigned goal date for approval on April 29, 2024. In anticipation of a potential FDA approval, we are focusing on the commercial scale-up of ketamine in the U.S. and seeking additional international approvals." Ketamine has been on the FDA's drug shortage list since February 2018, which is believed to have encouraged the widespread availability of compounded ketamine products not FDA approved for psychiatric disorders. On October 10, 2023, the FDA published a compounding risk alert describing the potential risks associated with compounded ketamine products for psychiatric disorders, specifically from telehealth providers that provide in-home ketamine services. These compounded ketamine products are not FDA approved. The Company's overall goal is to solve the ketamine shortage problem in the U.S. and anticipates the commercial launch of ketamine in 2024, and will meet the FDA's strict manufacturing guidelines and FDA-approved prescribing label. KETARX will be produced in the U.S. in a cGMP manufacturing facility that is DEA certified and inspected by domestic and international regulatory agencies, including the FDA and EU EMA. Following the FDA approval and launch in the U.S., the Company will pursue international approvals to support the global demand for ketamine. Ketamine is an essential medicine used for anesthesia and analgesia listed on the WHO Essential Medicines List. In Canada, ketamine has been classified as a Tier 3 drug shortage since February 2023, and Health Canada has approved ketamine for use as a sedative and painkiller in hospital settings. Outside of the FDA and Health Canada approved indications, ketamine is also being administered in hospitals and clinics to treat various mental health, neurological and pain disorders. A recently published new peer-reviewed study on the real-world effectiveness of ketamine intravenous therapy demonstrated significant patient improvement for depression, anxiety and suicidal ideation. The Company's long-term strategy is pursuing novel uses and delivery methods of ketamine as a potential treatment for pain, mental health, and neurological disorders. In anticipation of a potential FDA approval for ketamine, the Company will allocate funds to the U.S. commercial scale-up and international regulatory approvals, and pause funding for its product and clinical programs, including its microneedle patch and on-body pump systems, Parkinson's disease, Amyotrophic Lateral Sclerosis, Rett Syndrome, and Complex Regional Pain Syndrome for the first half of 2024. The Company will evaluate these programs quarterly to determine a potential rationale for reviving one or more of them internally or with potential pharmaceutical partners.
|
DKNG | Hot Stocks07:32 EST DraftKings set to launch in Vermont on January 11 - DraftKings announced plans to launch its top-rated online sportsbook in Vermont on January 11, 2024. Once live, Vermont will mark the 26th U.S. state, in addition to Ontario, Canada, in which DraftKings Sportsbook operates, further expanding the Boston-based operator's presence to five of six New England states with its online sportsbook. "As a Boston-based company, we are thrilled for the opportunity to further expand in the New England region and provide Vermont with access to safe and legal sports betting," said Matt Kalish, President, DraftKings North America. "This is an exciting time of year with the NFL Playoffs about to kick off, and Vermonters will now have the opportunity to engage with their favorite sports on our industry-leading DraftKings Sportsbook app."
|
FSV | Hot Stocks07:31 EST FirstService adds restoration tucker-under acquisitions - FirstService Corporation announced that it has recently completed three restoration tuck-under acquisitions. Terms of the transactions were not disclosed. First Onsite Restoration acquired Dayton, Ohio-based DryPatrol LLC. Paul Davis Restoration added to its company-owned platform by acquiring two of our existing franchised operations, one of which serves the Denver, Colorado metropolitan area. "These additions reflect our ongoing commitment to invest in key markets which are susceptible to weather-related property and large loss claims," said Scott Patterson, Chief Executive Officer of FirstService. "We are excited to work with the management teams to capitalize on our future opportunity in these markets."
|
ACHFF | Hot Stocks07:28 EST Arch Biopartners receives Health Canada approval to conduct Phase II trial - Arch Biopartners announced it has received a No Objection Letter from Health Canada to conduct a Phase II trial for LSALT peptide, targeting the prevention and treatment of cardiac surgery-associated acute kidney injury. LSALT peptide is the Company's lead drug candidate for preventing and treating inflammation injury in the kidneys, lungs and liver. The Phase II trial is an international multi-center, randomized, double-blind, placebo-controlled study of LSALT peptide. The primary objective of the trial is to evaluate the percentage of subjects with AKI within 7 days following on-pump cardiac surgery, defined by the KDIGO criteria. The No Objection Letter from Health Canada follows prior approvals from the U.S. Food and Drug Administration and the Turkish Ministry of Health to proceed with the Phase II CS-AKI trial in their respective jurisdictions. Patient enrollment is expected to commence in Turkey in February 2024, followed by recruitment in Canada at select clinical sites in Alberta and/or Ontario.
|
RPID | Hot Stocks07:27 EST Rapid Micro announces availability of Growth Direct Rapid Sterility application - Rapid Micro Biosystems expects the commercial launch of the Growth Direct Rapid Sterility application by mid-year 2024. Sterility testing is the final quality check for microbial contamination before a pharmaceutical product is released for commercial sale and is typically performed in a facility that manufactures products such as biologics or sterile injectables. The Company has developed a novel, proprietary Rapid Sterility application for use with its Growth Direct system. This innovative solution delivers time to organism detection in as little as 12 hours and final time-to-result in as little as one to three days. This capability represents a significant improvement over widely used traditional test methods, which generally require a 14-day endpoint incubation, and provides compelling differentiation when compared to current rapid sterility products. Commercial launch of the Growth Direct Rapid Sterility application is expected by mid-year 2024.
|
FURY | Hot Stocks07:22 EST Fury Gold Mines reviews highlights from 2023 - "This past year was focused on adding significant ounces at the Eau Claire Resource, improving our pipeline of targets for discovery, and adding new talent and experience to the board," commented Tim Clark, CEO of Fury. "Thus far, we have had impressive drill intercepts, including one of our top three historical intercepts at Percival Main, with additional results still pending from the Hinge and Percival Prospect." Highlights: Fury's top milestones and achievements of 2023 include: Appointing two new Board Directors, Brian Christie, formerly of Agnico Eagle Mines, and Isabelle Cadieux, formerly of Quebec based SIDEX, further strengthening the overall diversified skillset of Fury's Board. Closing of a C$8.75 million bought deal equity private placement, strengthening Fury's treasury and funding further exploration at the Company's Quebec projects. Completing an 18,800m drill program at Eau Claire, which exceeded the original 15,000m of planned drilling for the year and coming in at approximately C$1 million under budget. Continuing to intercept multiple zones of gold mineralization at the Hinge Target through infill drilling. Intercepting 1.5 m of 279 g/t gold at the Percival Main target, representing the third highest-grade intercept reported for the entire Eau Claire project to date. Conducting a second annual Digbee ESG Certification, an independent ESG evaluation that continues to validate the Company's existing ESG engagement and strategy. Finishing the 2023 year with C$7.3 million in cash, no debt, approximately C$600,000 of flow-through obligation required to be spent by December 31, 2024, and C$52.8 million in publicly traded securities. Pending Upcoming News: Eleven core drill holes pending assay results from the Hinge Target and five core drill holes at the Percival Prospect. 2024 exploration program announcement. Pending biogeochemical results from the Eleonore South Joint Venture. Eau Claire Mineral Resource update upon compiling and analyzing the final results from the 2023 exploration program.
|
FURY | Hot Stocks07:21 EST Fury Gold Mines appoints Phil van Staden as CFO - The Company announced the appointment of Phil van Staden, the current Interim CFO of the Company, to the position of CFO, effective as of January 1, 2024. Mr. van Staden joined Fury in 2020 and brings over 15 years of diverse international experience in various accounting roles and industries throughout South Africa and Canada.
|
CMND | Hot Stocks07:20 EST Clearmind Medicine completes Type A meeting with FDA - Clearmind Medicine has completed a Type A meeting with the U.S. Food and Drug Administration to discuss the Company's clinical trial of its proprietary MEAI-based, CMND-100 compound, for the treatment of Alcohol Use Disorder treatment using its novel psychedelic- based therapy. "We're pleased to report we recently met with the FDA to align on the content of our IND resubmission for CMND-100," said Dr. Adi Zuloff-Shani, CEO of Clearmind Medicine. "The meeting was informative and productive, and we're eager to advance the U.S. regulatory process and potentially bring a new hope for millions suffering from AUD by providing an innovative approach to overcome the challenges associated with the current available treatments to date." The active ingredient in CMND-100 is MEAI, a novel psychoactive molecule that has been reported to reduce the desire to consume alcoholic beverages while exerting a euphoric alcohol-like experience. MEAI was found to interact with the serotonergic receptors 5-HT1a, 5-HT2a and 5-HT2b. The serotonergic system is considered to play a key role in the regulation of alcohol intake, reward, preference, and dependence. MEAI was also found to interact with the alpha-2-adrenergic receptors alpha2A, alpha2B and alpha2C and the plasma membrane monoamine transporters for dopamine, norepinephrine and serotonin; these are believed to participate in mediating alcohol drinking behavior, and therefore could constitute important molecular targets for interventions that target drugs of abuse such as alcohol.
|
MFGCF | Hot Stocks07:17 EST Mayfair Gold announces results from Footwall Zone at Fenn-Gib - Mayfair Gold announced further results from the higher-grade Footwall Zone located approximately 100 meters to the northwest of the Fenn-Gib gold deposit. Mayfair's 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit constrained Indicated mineral resource estimate of 3.38 million ounces gold at a grade of 0.93 grams per tonne Au and an Inferred mineral resource of 0.16Moz Au at 0.85 g/t Au. The near-surface Fenn-Gib gold mineralization is broadly disseminated striking east-west on the Pipestone Fault over more than 1.5 kilometers, and is over 500m wide at the west end. Highlight drill results include: FG23-351 intersected 2.19 g/t Au over 16.8m, including 3.28 g/t Au over 7.0m and 3.21 g/t Au over 2.0m; FG23-353 intersected 2.10 g/t Au over 16.0m, including 4.07 g/t Au over 3.0m; FG23-359 intersected 27.60 g/t Au over 2.1m, 3.64 g/t Au over 5.0m and 3.70 g/t Au over 3.2m; FG23-361 intersected 16.47 g/t Au over 2.3m; FG23-366 intersected 6.23 g/t Au over 2.9m, including 15.80 g/t Au over 0.9m; and FG23-368 intersected 3.14 g/t Au over 10.0m including 15.94 g/t over 1.0m. The latest drill results continue to intersect significant gold mineralization building on Mayfair's previously reported Footwall Zone drill results that included: hole FG21-139 intersected 1.94 g/t Au over 38.0m, including 4.06 g/t Au over 15.0m. FG21-166 intersected 1.42 g/t Au over 66.0m, including 3.4 g/t Au over 19.2m, including 6.20 g/t Au over 9.2m. A lower zone in hole FG21-166 returned 1.02 g/t Au over 34.0m, including 11.49 g/t Au over 1.0m; FG21-170 intersected 37.51 g/t Au over 2.6m and 59.05 g/t over 1.0m; hole FG21-186 intersected 2.31 g/t Au over 30.0m, including 6.58 g/t Au over 7.0m. FG21-188 intersected 25.93 g/t Au over 1.5m, 1.37 g/t Au over 25.5m including 5.4 g/t Au over 5.0m; FG21-203 intersected 2.70 g/t Au over 15.0m; including 4.04 g/t Au over 9.0m, including 7.18 g/t Au over 4.0m; FG21-215 intersected 2.88 g/t Au over 49.0m, including 6.53 g/t Au over 17.5m and FG22-218 intersected 0.71 g/t Au over 92.0m, including 2.15 g/t Au over 10.0m. A lower zone returned 2.40 g/t Au over 47.4m, including 3.83 g/t Au over 4.7m and 5.26 g/t Au over 6.6m and 6.78 g/t Au over 7.0m. FG23-300 intersected 2.05 g/t Au over 16.2m, including 3.72 g/t Au over 6.2m, and hole FG23-328 returned 15.65 g/t Au over 1.5m and 7.94 g/t Au over 7.0m and hole FG23-344A intersected 4.72 g/t Au over 30.0m, including 6.59 g/t Au over 19.6m. FG23-304 intersected 1.46 g/t Au over 25.9m, including 14.32 g/t Au over 1.0m and 3.0 g/t Au over 3.5m and 5.88 g/t Au over 1.9; FG23-314 intersected 2.19 g/t Au over 17.1m, including 13.67 g/t Au over 2.0m; FG23-326 intersected 3.67 g/t Au over 8.0m, including 6.47 g/t Au over 4.2m including 19.89 g/t Au over 0.9m and FG23-345 intersected 1.44 g/t Au over 49.5m, including 9.20 g/t Au over 2.5m and 2.92 g/t Au over 3.0m. The Footwall Zone target consists of multiple mineralized zones hosted primarily in the footwall mafic volcanic assemblage, located immediately northwest of the Fenn-Gib gold deposit. The Footwall Zone strikes in a northeasterly direction and with a steep northerly dip. Mineralization consists of bleached, buff-altered, pillowed mafic volcanic with pyrite ranging from 2% to over 20%. Metallurgical tests conducted on a Footwall Zone underground sample showed excellent metallurgy. Whole-ore cyanidation confirmed high gold recovery of 94.2% at a P80 59um grind size and 48-hour leach time.
|
RNLX | Hot Stocks07:15 EST Renalytix announces published data on KidneyIntelX - Renalytix announces publication of Real World Evidence, RWE, after 12 months of follow-up in 2,569 patients with Type 2 diabetes and diabetic kidney disease, DKD, at a major U.S. health system in Primary Care and Community Health. Results in the diverse cohort, including 27% black patients, demonstrate that electronic health record deployment of KidneyIntelX in vitro prognostic testing was associated with clinical actions that led to a significant slowing of chronic kidney disease progression and improved Type 2 diabetes control most notably in the highest risk patients. "This published real world evidence puts KidneyIntelX at the intersection of multiple established diabetes, kidney and cardiovascular care guidelines. This data is compelling and shows the importance of adopting KidneyIntelX across primary care networks to help control these unsustainable chronic diseases that unnecessarily effect millions of patients," said James McCullough CEO of Renalytix.
|
XTRAF | Hot Stocks07:15 EST Xtract One partners with H-E-B Center at Cedar Park - Xtract One Technologies announced its SmartGateway system has been selected to protect all entrances of H-E-B Center at Cedar Park, a 8,000-capacity multi-purpose entertainment facility in Central Texas. Xtract One's SmartGateway system replaces traditional metal detectors and delivers screening solutions for large, ticketed venues to allow for high throughput. "We are thrilled to partner with H-E-B Center at Cedar Park to provide our advanced security solution to help improve patron safety and enhance the existing security measures," said Peter Evans, CEO of Xtract One. "This collaboration marks a significant step in advancing and modernizing venue security, all while prioritizing the overall patron experience. Our goal is to help create an even more secure and memorable entertainment space for anyone going to the venue."
|
AUTL ELYM | Hot Stocks07:13 EST Autolus Therapeutics appoints Azelby to board of directors - Autolus Therapeutics (AUTL) announced the appointment of Robert Azelby to the Board of Directors. Mr. Azelby brings more than 30 years of biopharmaceutical leadership and commercial experience to Autolus's Board. Most recently, Azelby served as President and Chief Executive Officer of Eliem Therapeutics (ELYM).
|
RVVTF | Hot Stocks07:13 EST Revive completes development of lyophilized formulation of bucillamine - Revive Therapeutics has completed the formulation development work of the Company's next-generation lyophilized formulation of Bucillamine conducted at the University of Waterloo. The New Bucillamine has the potential to unlock the therapeutic utility of Bucillamine for treating public health medical emergencies, including pandemic influenza, emerging infectious diseases, and medical countermeasure incidents and attacks. Key research findings and observations include: Lyophilization of Bucillamine enhances solubility 2.7x compared to standard solution of Bucillamine; Inclusion of lyophilization in the Bucillamine formulation approach can result in an ability to increase Bucillamine delivery per dosing unit; and Inclusion of lyophilization in the Bucillamine formulation approach offers a simple way to create a parenteral injection product with minimal formulation additives. With this achievement, Revive will work with Attwill Medical Solutions LP in the technology transfer and prepare plans for potential clinical and commercial development in support of specific initiatives that the Company is involved with, such as the continuation of the research project the Company has with the Defence R&D Canada - Suffield, an agency of the Canadian Department of National Defence, to evaluate Bucillamine as a potential treatment for nerve agent exposure. Also, the Company may explore the New Bucillamine as a potent antioxidant and anti-inflammatory, for rare inflammatory disorders such as ischemia-reperfusion injury, which the FDA granted orphan drug designation for in 2022. The Company expects to have New Bucillamine ready for clinical evaluation in 2024.
|
AMLI | Hot Stocks07:13 EST American Lithium announces results from updated PEA for Falchani project - American Lithium announces the results of its updated Preliminary Economic Assessment, PEA, for the Falchani Lithium project located in Puno, southwestern Peru. This independent, updated PEA was completed by DRA Global following the updated mineral resource estimate recently completed by Stantec Consulting Services. Simon Clarke, CEO of American Lithium states, "The very large increase in NPV combined with a low initial capex and robust economics in the updated PEA for Falchani are the culmination of successful work programs at site and flow sheet optimization over the last couple of years combined with an improved lithium pricing environment. We are also extremely pleased to now include the compelling strategic and economic value proposition of adding SOP fertilizer and cesium sulfate by-products to the robust economic potential of core, high purity lithium production at Falchani. This PEA update is a major step towards completion of pre-feasibility work.
|
USEG | Hot Stocks07:11 EST U.S. Energy announces completion of asset divestitures - U.S. Energy announced it had completed a series of non-core asset divestitures. HIGHLIGHTS: All-cash proceeds of approximately $7.2 million; Divested assets averaged approximately 200 barrels of oil equivalent per day from July-September 2023, or 12% of USEG total production over the same period; All proceeds used to reduce existing debt, leaving USEG materially debt-free; No changes to the Company's existing $20.0 million borrowing base; Represents the majority of USEG's non-operated assets. "Throughout the fourth quarter, we executed on a series of asset divestitures representing the majority of U.S. Energy's non-operated assets," stated Ryan Smith, Chief Executive Officer of U.S. Energy Corp. "The assets divested represent legacy USEG properties, primarily in current non-core focus areas, and will allow the Company to realize immediate additional corporate overhead savings. With proceeds going directly towards debt reduction, U.S. Energy now sits in a position of increased liquidity across all measures and meaningful portions of our 2024 oil production hedged at an average price in the low $80's. As we enter 2024, we look forward to focusing our capital allocation efforts on the Company's highest rate of return growth initiatives, maintaining a strong balance sheet, and driving shareholder returns."
|
BPTH | Hot Stocks07:10 EST Bio-Path completes first dose escalation part of Phase 1 trial of BP1002 - Bio-Path Holdings announced completion of the first dose cohort of the dose escalation portion of its Phase 1 clinical trial of BP1002 evaluating the ability of BP1002, a liposomal Bcl-2 nanoparticle antisense, for the treatment of refractory/relapsed lymphoma and refractory/relapsed chronic lymphocytic leukemia patients. "We are delighted to safely complete this first dose cohort and to advance BP1002 into the next cohort as it brings us one step closer to providing access to this very promising treatment for the most vulnerable patients who have limited therapeutic options," said Peter Nielsen, President and Chief Executive Officer of Bio-Path Holdings. "We look forward to advancing this study into higher dose cohorts with the expectation that increased levels of BP1002 will prove even more efficacious and continue its safety profile in these sickest of sick patients."
|
GOEV | Hot Stocks07:10 EST Canoo created 100 jobs in Oklahoma to scale EV manufacturing - Canoo announced the company has created over 100 new jobs in the state of Oklahoma and achieved a key hiring milestone. The state is now home to 20% of Canoo's total workforce. As Canoo scales manufacturing to make additional customer deliveries in 2024, the company is continuing to build the team of skilled workers at both its Oklahoma City vehicle manufacturing facility and also at its battery module assembly facility in Pryor. This announcement follows Canoo's recent acquisition of manufacturing assets to increase its vehicle assembly capacity. The company is growing its team across Oklahoma to scale manufacturing and meet customer deliveries of 18,000 committed orders representing $750M in revenue over multiple years. Oklahomans make up over 90% of the Canoo team in Oklahoma, and military veterans and Native Americans each make up about 10% of Canoo's workforce in the state. Canoo's Oklahoma City manufacturing workforce is earning annual wages about 37% above the local average for similar roles in the Oklahoma City metropolitan area. With about 30 open positions in the state, the company is continuing to build its workforce with the help and support of partners, including Express Employment Professionals, Canadian Valley Technology Center, Atlas School, Oklahoma Department of Commerce, Cherokee Nation, and Pawnee Nation.
|
ARQQ | Hot Stocks07:09 EST Arqit Quantum announces reseller agreement with Phalanx - Arqit Quantum announced a reseller agreement with Phalanx Solutions, a trusted provider of security, compliance and technology solutions, for Arqit's Symmetric Key Agreement Platform and NetworkSecure Adaptor. Arqit's standards-compliant technology is now available to Phalanx's clients as a deployable solution. David Williams, Arqit Founder, Chairman and CEO said: "Enterprises need confidence they can secure their data against both current and future cyber threats. Compliant with NSA standards and secure against quantum attack, Arqit's unique encryption technology delivers enhanced protection allowing enterprises to take simple steps now to harden their networks. We are delighted to partner with Phalanx to offer our technology to their clients."
|
CLMB JAMF | Hot Stocks07:08 EST Climb Channel announces expanded partnership with Jamf Holding - Climb Channel Solutions, wholly owned subsidiary of Climb Global Solutions (CLMB) has expanded their partnership with Jamf (JAMF), the standard in managing and securing Apple at work, to their US offerings. This partnership, which has already seen success in Canada, empowers businesses to efficiently manage and secure their Apple devices, ensuring seamless integration, enhanced productivity, and streamlined workflows. With Jamf's cutting-edge software solutions and Climb Channel Solutions' extensive network and distribution capabilities, partners can access comprehensive support, training, and deployment options, resulting in optimized IT infrastructure and a superior end-user experience. "We are excited to expand our partnership with Jamf, a true industry leader in Apple device management and security," says Dale Foster, CEO of Climb Channel Solutions. "After the success of our partnership in Canada, it was apparent that our US partners would benefit from how Jamf is transforming the way businesses manage and secure their Apple devices, enabling streamlined workflows, enhanced productivity, and unmatched user experiences. Our continued and expanding partnership with Jamf remains a testament to our commitment to delivering innovative technology solutions and empowering organizations to thrive in the digital age."
|
EYPT | Hot Stocks07:08 EST EyePoint announces first patient dosed in Phase 2 VERONA trial - EyePoint Pharmaceuticals announced that the first patient has been dosed in the Phase 2 VERONA clinical trial of EYP-1901 for diabetic macular edema. EYP-1901 is an investigational sustained delivery therapy containing vorolanib, a selective tyrosine kinase inhibitor formulated in bioerodible Durasert E. VERONA is a randomized, controlled, single-masked, Phase 2 trial of EYP-1901 in DME patients previously treated with a standard-of-care anti-VEGF therapy. The three-arm trial is expected to enroll approximately 25 patients assigned to one of two intravitreal doses of EYP-1901 or an aflibercept control. The primary efficacy endpoint of the VERONA trial is time to first supplemental aflibercept injection up to 24 weeks based on established supplement criteria. Secondary endpoints include safety, change in best corrected visual acuity, change in central subfield thickness as measured by optical coherence tomography and change in diabetic retinopathy severity scale over time.
|
ACRS | Hot Stocks07:07 EST Aclaris announces Phase 2b study of ATI-1777 met primary efficacy endpoint - Aclaris Therapeutic announced top-line results from its Phase 2b study of ATI-1777, an investigational topical "soft" JAK 1/3 inhibitor, in patients with mild to severe atopic dermatitis). ATI-1777 was generated from Aclaris' proprietary KINect drug discovery platform. Results: The trial met the primary efficacy endpoint, the percent change from baseline in the Eczema Area and Severity Index score at week 4, with statistical significance for patients treated with ATI-1777 2% BID compared to patients treated with vehicle. In addition, the following results were observed with respect to the primary endpoint: While not statistically superior, ATI-1777 2% QD showed a trend toward significance; In the per-protocol population, or all patients who had week 4 data with no major protocol deviations, ATI-1777 2% BID demonstrated a 70.8% reduction in EASI compared to a 58.5% reduction in vehicle, and ATI-1777 2% QD demonstrated a 68.4% reduction in EASI compared to a 59.7% reduction in vehicle. In addition, a post-hoc analysis of only patients who had baseline severity of moderate or severe AD showed a 65.6% and 65.1% reduction in the EASI score at week 4 in ATI-1777 2% BID and ATI-1777 2% QD, respectively, compared to a 52.6% reduction in the pooled vehicle group. While not statistically powered, ATI-1777 2% BID and 2% QD also showed improvement in the proportion of patients who reached an IGA-TS response at week 4. The per-protocol population demonstrated an IGA-TS response at week 4 of 41.8% for ATI-1777 2% BID compared to 25.5% in vehicle and 39.8% for ATI-1777 2% QD compared to 25.4% in vehicle. A PK analysis showed minimal levels of exposure to ATI-1777. The mean steady state trough drug levels at week 4 were 0.319 ng/mL, representing 0.7% of IC50 for JAK 1/3 inhibition in whole blood. In total, 97% of ATI-1777 plasma samples from dosed patients had concentrations below 1/10th of the IC50, and six samples of 570 samples analyzed had concentrations above 1/4 of the IC50. No meaningful safety findings were observed and ATI-1777 was well tolerated.
|
AKTS | Hot Stocks07:07 EST Akoustis receives Wi-Fi 7 design win from Wi-Fi AP provider - Akoustis Technologies announced that five of its patented XBAW filters are being designed into a new quad-band enterprise Wi-Fi access point platform. The new design will use multiple Akoustis wideband and narrowband Wi-Fi XBAW coexistence filters in the 5 and 6 GHz bands. These filters are being utilized in a 4X4 multi-user, multiple-in-multiple-out quad-band Wi-Fi 7 AP router. Akoustis has received prototype orders from the customer to enable the production ramp in the second half of the calendar year 2024.
|
AMZN CRM | Hot Stocks07:06 EST Amazon announces 'Buy with Prime' integration with 'Salesforce Commerce Cloud - Amazon (AMZN) announced the Buy with Prime for Salesforce (CRM) Commerce Cloud integration. This solution helps Salesforce merchants seamlessly integrate Buy with Prime into their existing shopping experience. Buy with Prime for Salesforce also offers merchants several new features, including the ability for shoppers to search and filter for Prime eligible items, and purchase Prime eligible and other items in the same order. This integration helps Salesforce merchants connect with new shoppers and increase conversion by offering the convenient shopping benefits of Prime, including fast, free delivery, a trusted checkout experience, 24/7 live chat support, and hassle-free returns. Buy with Prime for Salesforce will start rolling out today as invitation only to select Salesforce merchants, and it will be available to all U.S.-based Salesforce Commerce Cloud merchants via the Salesforce AppExchange later this year. "The Buy with Prime integration with Salesforce Commerce Cloud empowers merchants to offer their shoppers a new yet familiar purchasing option directly within their digital storefronts," said Peter Larsen, Amazon vice president of Buy with Prime. "Now with new features that build Buy with Prime seamlessly into search, cart, and checkout, Salesforce merchants have even more flexibility and functionality to provide Buy with Prime while maintaining control over their stores' look and feel." "Buy with Prime for Salesforce Commerce Cloud builds on our efforts to help ecommerce businesses drive profitable growth and superior shopping experiences," said Michael Affronti, Salesforce senior vice president and general manager of Commerce Cloud. "As companies look to scale and drive brand loyalty among new and returning shoppers, Buy with Prime offers Salesforce merchants a powerful tool to attract millions of Prime members and grow their businesses through the trusted Prime shopping experience."
|
NOVV | Hot Stocks07:05 EST Nova Vision Acquisition announces additional contribution to trust account - Nova Vision Acquisition announced that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor, has deposited into the Company's trust account an aggregate of $69,763.37, in order to extend the period of time the Company has to complete a business combination for an additional one month period, from January 10, 2024 to February 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.
|
AMRN | Hot Stocks07:04 EST Amarin on track to deliver $40M of annual savings from reduction in force - Amarin continues to make progress on reducing operating expenses and managing its cash position and is on-track to deliver $40 million of annual savings based on the reduction in force announced in July 2023. With the recent cash preservation initiatives, Amarin reiterates its belief that current cash and investments and other assets are adequate to support continued operations including the share repurchase program. We will continue to focus on cash preservation and prudently invest in the right opportunities which are value additive.
|
TGTX | Hot Stocks07:04 EST TG Therapeutics sees FY24 BRIUMVI U.S. revenue $220M-$260M - BRIUMVI U.S. net product revenue targets of approximately $41-$46 million and $220-$260 million for the first quarter and full year 2024, respectively. 2024 Development Pipeline Anticipated Milestones: Commence clinical development of subcutaneous BRIUMVI; Commence a trial evaluating BRIUMVI in additional autoimmune diseases outside of Multiple Sclerosis; Commence a trial evaluating azer-cel in autoimmune disease; Present data from the ENHANCE Phase 3b CD20 switch trial at multiple conferences throughout the year
|
AMRN | Hot Stocks07:04 EST Amarin plans to initiate share repurchase program up to $50M - On January 9, 2024, Amarin entered into a conditional share repurchase agreement with Cantor Fitzgerald & Co. ("Cantor") to purchase up to $50 million of Amarin's ordinary shares held in the form of American depository shares (ADSs). The implementation of the share repurchase program will require Amarin shareholder approval as well as UK High Court approval, as required under UK company law. The Company intends to call its 2024 annual general meeting of shareholders early in the second quarter of 2024 to seek shareholder approval of the program, which would be followed by the UK High court process. Amarin anticipates that these steps could be completed by the end of the second quarter of 2024, with share repurchases commencing shortly thereafter.
|
AMRN | Hot Stocks07:03 EST Amarin announces 2024 priorities - Europe: In 2023, Amarin secured pricing and reimbursement and launched VAZKEPA in 3 additional markets, including Spain and the Netherlands. VAZKEPA is now available in 9 markets across Europe. Amarin delivered approximately 65% growth in the fourth quarter versus the third quarter 2023. In 2024, we will focus on opportunities to accelerate revenue in Europe in key launched markets including Spain and the United Kingdom, and advance pricing and reimbursement processes in key markets including Italy, France, and Germany. United States: In 2023, the Amarin team continued to retain its IPE market share leadership in the U.S. at 57%, despite additional generic competition. In 2024, we will focus on maintaining IPE market share leadership and profitability while continuing to adapt to dynamic market conditions. Rest of World: In 2023, the Amarin team secured 5 Rest of World regulatory approvals, including China, and entered into marketing and commercialization agreements in key markets and regions, including Australia & New Zealand and ASEAN/South Korea. In 2024, we will support pricing and reimbursement and commercialization efforts across key markets, including Australia and China, and continue to progress Rest of World regulatory filings.
|
TGTX | Hot Stocks07:03 EST TG Therapeutics reports preliminary FY23 BRIUMVI U.S. revenue $89M - Year-end 2023 cash position of approximately $215 million
|
TGTX | Hot Stocks07:03 EST TG Therapeutics reports preliminary Q4 BRIUMVI U.S. revenue $40M - Michael Weiss, Chairman and Chief Executive Officer of TG Therapeutics stated, "We are excited to share our preliminary fourth quarter and year end U.S. BRIUMVI net product revenue. As we head into 2024, we have our sights set on achieving revenue and expense targets and have built an ambitious plan to potentially expand the utility of BRIUMVI into new indications and for use as a subcutaneous injection. We are also excited to expand our R&D program with the recent licensing of azer-cel, an allogeneic CD19 CAR T therapy which we believe has the potential to become a meaningful therapy to treat various autoimmune disorders."
|
CEVA | Hot Stocks07:02 EST Ceva and Sunplus technology expand collaboration - Ceva and Sunplus Technology, a chip provider for multimedia and automotive applications, announced the companies have expanded their collaboration to integrate Ceva's latest generation RivieraWaves Bluetooth audio solution into the Sunplus airlyra family of HD audio processors targeting wireless speakers, soundbars and other premium wireless audio devices. The first wireless airlyra processors are already shipping with some of the world's premium audio brands.
|
AULT... | Hot Stocks06:32 EST Ault plans to hold from 5% to 20% of the Bitcoin it mines - Ault Alliance announced that the Company has decided that it will start holding up to 20% and minimum of 5% of the Bitcoin it mines on the Company's balance sheet. This strategic move is part of the Company's broader plan to adjust its asset management approach to ultimately create a more valuable enterprise and drive stockholder value. Ault Alliance, through its wholly owned subsidiary, Sentinum, has made significant strides in Bitcoin mining, with December 2023 marking the highest single monthly run rate for Bitcoin miners in the Company's history, as Sentinum mined approximately 151 Bitcoin during the month. Around 77 Bitcoin were mined at Sentinum's data center in Michigan, while approximately 74 Bitcoin came from mining machines hosted with Core Scientific. This monthly run rate amounted to about $6.9M, setting an annual run rate for current Bitcoin mining operations at approximately $83.3M, based on a Bitcoin price of around $46,000.
|
KITT | Hot Stocks06:20 EST Nauticus Robotics secures funding, promotes John Gibson Jr. to interim CEO - Nauticus Robotics announced that it secured an investment before the close of 2023 and eliminated many of the dilutive warrants and ratchet provisions of the original de-SPAC financing in the process. The new investment is the first tranche of financing led by existing investors. Nauticus anticipates executing a second tranche of investment, discussions for which are ongoing and aimed at providing funding for the year. This includes the engagement of a new executive management team, culminating in the promotion of John Gibson Jr. to interim CEO on January 4, 2024.
|
GSK | Hot Stocks06:15 EST GSK reports Nucala approved in China for severe eosinophilic asthma - GSK plc announced that the China National Medical Products Administration has approved Nucala as an add-on maintenance treatment for severe eosinophilic asthma in adults and adolescents aged 12 years and older. "Nucala is the first anti-Interleukin-5 targeting treatment approved for use in China for adult and adolescent patients with this condition," the company said. Kaivan Khavandi, Senior Vice President, Global Head, Respiratory and Immunology, R&D, said: "We are delighted with this approval, supported by evidence in a Chinese population. Millions of people in China with severe eosinophilic asthma can now potentially benefit from the advance in management that Nucala could offer - a testament to GSK's ongoing commitment to redefine respiratory disease management globally."
|
VFS | Hot Stocks06:10 EST VinFast Auto announces U.S. rollout of DrgnFly electric bike at CES 2024 - VinFast Auto announced the U.S. rollout of the DrgnFly electric bike, at CES 2024. The VinFast Drgnfly launches in the U.S. market with prices expected to start from $2,800, accompanied by a two-year and unlimited mileage warranty. The electric bike is expected to debut in other global markets in the near future.
|
LVLU | Hot Stocks06:06 EST Lulu's Fashion Lounge appoints Laura Deady as Chief Merchandising Officer - Lulu's Fashion Lounge Holdings announced that Laura Deady has been appointed Chief Merchandising Officer, effective the week of January 15. Deady will join Lulus from Urban Outfitters, where she served as the Senior Managing Director of Buying and Merchandising for apparel, accessories, footwear, and vintage. Deady brings significant strategic leadership, trend and financial analysis, fashion direction, and product development experience, having spent the last few years leading product vision and seasonal strategy development across all categories for Urban Outfitters. Previously, she held key leadership roles at Michael Kors, Free People, and Macy's, where she helped to drive innovation and growth for the respective brands. In addition to Ms. Deady's appointment as CMO, David McCreight, who has served as Executive Chairman of the Company's Board of Directors since March 2023, will end his Executive Chairman role and transition to the role of director at large, effective March 6, 2024. Current Board director, John Black, will succeed McCreight in the role of Chairman of the Board. Mr. Black has served on the Company's Board since October 2017.
|
LZM | Hot Stocks06:05 EST Lifezone Metals signs agreement for Phase 1 for recycling project - Lifezone Metals CEO, Chris Showalter, announced the signing of the Subscription Agreement and completion of funding for Phase 1 of the joint venture with a wholly owned subsidiary of Glencore for a platinum, palladium and rhodium, collectively platinum group metals or "PGMs", recycling project which will utilize Lifezone Metals' hydrometallurgical technology. Phase 1 of the joint venture implementation is already underway and involves a confirmatory program of pilot work in Lifezone Metals' laboratories in Perth, Australia. Following successful completion of Phase 1, Phase 2 will involve Lifezone Metals and Glencore jointly funding the capital expenditures required to construct a commercial-scale PGM recycling facility in the U.S. The signing of the Subscription Agreement, along with the completion of Phase 1 funding, means the estimated $3M required for the confirmatory pilot project cost has now been finalized. Lifezone Metals and Glencore have contributed $1.5M each to the project. Phase 1 is expected to be completed in the first half of 2024.
|
BWA | Hot Stocks06:04 EST BorgWarner announces new joint venture in Chinese CV market - BorgWarner is continuing to expand its product portfolio for battery electric and hybrid commercial vehicles by agreeing to form a joint venture with Shaanxi Fast Auto Drive Group, a China-based market-leading commercial vehicle, or CV, parts supplier specializing in transmission and drivetrain systems. Subject to regulatory approval, the company expects to establish the joint venture in the first quarter of 2024.
|
LODE | Hot Stocks06:02 EST Comstock Mining receives permit for its solar panel recycling facility in Nevada - Comstock announced that it has been notified by the Nevada Division of Environmental Protection of the issuance of the new Class II Air Quality Operating Permit for its Solar Panel Recycling Facility. The substantial majority of U.S. solar panels have been deployed in the southwest region of U.S., primarily California, Nevada, and Arizona with a remarkable acceleration of the decommissioning of these end-of-life solar panels occurring now. Comstock is currently building a facility that includes technologies for efficiently crushing, conditioning, extracting, and recycling metal concentrates from photovoltaics and other electronic devices. Comstock continues to secure supplier commitments, with sufficient existing commitments to begin commissioning of the facility and commencement of revenues upon receipt of the required permits and approvals. Comstock has received the required county permission and Class II Air Quality Operating Permit. Issuance of the final remaining Nevada Solid Waste Material Recovery Facility Permit is expected this quarter, thereby enabling Comstock to complete the installation of the process equipment and solicit the County Fire Marshall and Building Department to provide the final facility certificate of operation. Comstock Metals objectives for 2024 include receiving the final permit early this year, completing commissioning of photovoltaic material recycling, commencing production, continued expansion of our existing revenue generating supply commitments, and then finalizing the design and site selection for our first "industry-scale" production facility.
|
KBR | Hot Stocks06:02 EST KBR blue ammonia technology selected for project in Gulf Coast - KBR announced that its blue ammonia technology has been selected by Tokyo-based Inpex Corporation and Oklahoma City-based LSB Industries for a large, commercial-scale clean ammonia production and export project in the US Gulf Coast. Under the terms of the contract, KBR will provide technology licensing and proprietary engineering design for a 1.1M tons per annum ammonia plant, designed to capture carbon while maximizing yields.
|
STM | Hot Stocks05:48 EST STMicroelectronics announces new product groups organization - STMicroelectronics announced its new organization, effective February 5. "We are re-organizing our Product Groups to further accelerate our time-to-market and speed of product development innovation and efficiency. This will enable us to increase value extraction from our broad and unique product and technology portfolio. In addition, we are getting even closer to our customers with an application marketing organization by end market which will boost our ability to complement our product offering with complete system solutions" said Jean-Marc Chery, President and CEO of STMicroelectronics. "This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022". To complement the existing Sales & Marketing organization, a new application marketing organization by end market will be implemented across all ST Regions. This will provide ST customers with end-to-end system solutions based on the Company's product and technology portfolio. The company is implementing an application marketing organization by end market across all ST Regions, as part of its Sales & Marketing organization led by Jerome Roux, ST President and member of the Executive Committee.
|
CME | Hot Stocks05:34 EST CME Group ADV reaches record 6.8M contracts in 2023, up 8% - CME Group announced that average daily volume, or ADV, outside the United States reached a record 6.8M contracts in 2023, up 8% from 2022. This record was driven largely by growth in Equity Index and Interest Rate products, up 26% and 23% respectively. "Market participants across the globe turned to CME Group benchmark futures and options contracts given the heightened need for risk management across every asset class last year," said Derek Sammann, CME Group Senior Managing Director and Global Head of Commodities, Options & International Markets. "As uncertain market conditions continue into 2024, we remain committed to working closely with our clients outside of the U.S. to access our robust, regulated marketplace with round-the-clock liquidity."
|
IDCC... | Hot Stocks05:27 EST InterDigital renews patent license agreements with Panasonic - InterDigital (IDCC) announced that the company has renewed its patent license agreements with Panasonic (PCRFY). The renewals extend Panasonic's license under InterDigital's HEVC patents and also extend its digital TV license under InterDigital's joint licensing program with Sony (SONY).
|
FSM | Hot Stocks05:06 EST Fortuna Silver Mines pays down additional $41M of debt - Fortuna Silver Mines reported that the company has paid down an additional $41M of its revolving credit facility at the end of the fourth quarter of 2023, using cash on hand. After the payment of $41M, the company expects to bring down the leverage ratio below 0.5 times total net debt to adjusted EBITDA. At December 31, 2023, it is expected that Fortuna's total outstanding debt balance will stand at approximately $165M on its credit facility, and approximately $46M of convertible notes, for an estimated total net debt, after cash and cash equivalents, of $83M as at December 31, 2023. This represents a reduction of approximately $50M in total net debt in the period, reflecting cash flow contributions from the Seguela Mine in its second full quarter of production.
|