Stockwinners Market Radar for January 18, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

DKNG

Hot Stocks

21:26 EST Cathie Wood's ARK Investment sold 212K shares of DraftKings today
DNA

Hot Stocks

21:26 EST Cathie Wood's ARK Investment bought 129K shares of Ginkgo Bioworks today
RXRX

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21:25 EST Cathie Wood's ARK Investment bought 528K shares of Recursion Pharmaceuticals
CNEY

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19:50 EST CN ENERGY GROUP Inc trading halted, news pending
CLEU

Hot Stocks

19:50 EST China Liberal Education Holdings Ltd trading halted, news pending
BOWN

Hot Stocks

19:03 EST Bowen Acquisition enters into merger agreement with Shenzhen Qianzhi BioTech - Bowen Acquisition Corp announced the execution of an agreement and plan of merger with Shenzhen Qianzhi BioTechnology Co., Ltd, a biotech company engaged in development, manufacturing and sales of ozonated health and wellness products in China. Pursuant to the Merger Agreement, BOWN's wholly owned subsidiary, Bowen Merger Sub, a Cayman Islands exempted company, will merge with and into Qianzhi Group Holding Limited, parent of Qianzhi BioTech and an exempted company incorporated with limited liability in the Cayman Islands, with NewCo being the surviving company of the Merger and becoming a wholly-owned subsidiary of BOWN. In connection with the Merger, the NewCo Shareholders will receive an aggregate of 7,246,377 ordinary shares of BOWN and have the right to receive up to an additional 1,400,000 ordinary shares of BOWN upon the achievement of certain earnout targets as provided for in the Merger Agreement. The transaction has been approved by the boards of directors of both BOWN and Qianzhi BioTech and is expected to be consummated in the second or third quarter of 2024, subject to regulatory and stockholder approval by the stockholders of BOWN and NewCo and the satisfaction of certain other customary closing conditions. The majority shareholder of NewCo has agreed to vote in favor of the Merger. Upon the closing of the Merger, the combined company is expected to remain a NASDAQ-listed public company trading under a new ticker symbol. However, there can be no assurance that the combined company will remain listed on NASDAQ. Qianzhi BioTech's executive management team will continue to lead the combined company.
TRGP

Hot Stocks

18:47 EST Targa Resources to recommend to board increasing dividend to 75c per share - Targa Resources said that, for 1Q24, it intends to recommend to its Board of Directors an increase to its common dividend to 75c per common share or $3.00 per common share annualized. The recommended common dividend per share increase, if approved, would be effective for the first quarter of 2024 and payable in May 2024.
MESO

Hot Stocks

18:39 EST Mesoblast receives RPD designation for Revascor from FDA - Mesoblast announced that the FDA has granted its allogeneic cell therapy Revascor, or rexlemestrocel-L, a Rare Pediatric Disease, or RPD, Designation following submission of results from the randomized controlled trial in children with hypoplastic left heart syndrome, or HLHS, a potentially life threatening congenital heart condition. RPD Designation is granted by the FDA for certain serious or life-threatening diseases which primarily affect children. On FDA approval of a Biologics Licensing Application for REVASCOR for the treatment of HLHS, Mesoblast may be eligible to receive a Priority Review Voucher that can be redeemed for any subsequent marketing application or may be sold or transferred to a third party. Results from a blinded, randomized, placebo-controlled prospective trial of REVASCOR conducted in the U.S. in children with HLHS were published in the December 2023 issue of the peer reviewed The Journal of Thoracic and Cardiovascular Surgery Open.
ABNB

Hot Stocks

18:33 EST Airbnb CEO sells $11.0M in common stock - In a regulatory filing, Airbnb disclosed that its CEO Brian Chesky sold 82.0K shares of common stock on January 16th in a total transaction size of $11.0M.
MYGN

Hot Stocks

18:12 EST Myriad Genetics signs agreement to acquire certain assets from Intermountain - Myriad Genetics announced it has entered into a definitive agreement to acquire select assets from Intermountain Precision Genomics', or IPG, laboratory business, including the Precise Tumor Test, the Precise Liquid Test, and IPG's CLIA-certified laboratory in St. George, Utah where the Precise Tumor Test is currently performed. The acquisition is expected to close on February 1, 2024, subject to customary closing conditions. By bringing the Precise Tumor and Precise Liquid tests in house, Myriad will open up new opportunities for innovation, growth, and continued development of its oncology portfolio. The financial terms of the deal were not disclosed but are not material to either Myriad or Intermountain Healthcare.
BEDU

Hot Stocks

18:11 EST Bright Scholar announces management changes - Bright Scholar Education Holdings announced changes in its management. The Company received a letter of resignation dated January 3rd from Hongru Zhou, notifying the Company of his resignation as the CEO of the Company for personal reasons not resulting from any disagreement with the Company, its management, board of directors or any committee of the Board, on any matter relating to the Company's operations, policies or practice. The Board has accepted Zhou's resignation on January 18, effective from the same date. Zhou will continue to serve as the chairperson of the Board of the Company. The Board has appointed Ruolei Niu as the CEO of the Company, who previously served as the Company's CFO, effective from January 18. The Board has also appointed Hui Zhang, who previously served as the financial director of the Company, as its CFO, effective from the same date. Ruolei Niu served as the CFO of the Company from February 2023 to January 2024. Niu served as the vice general manager of Country Garden Venture Capital from February 2022 to February 2023. Prior to that, Niu had also served as the founder, general manager, co-chief investment officer and responsible officer at CG Partners Asset Management from 2015 to 2022, and the executive director, fund manager and responsible officer at China Merchants Fund Management from 2010 to 2015.
EIGR

Hot Stocks

18:00 EST Eiger BioPharmaceuticals, AnGes get Zokinvy marketing approval in Japan - Eiger BioPharmaceuticals "announced that it and its partner AnGes, Inc. received marketing approval from the Ministry of Health, Labour and Welfare for Zokinvy, or lonafarnib., a treatment for Hutchinson-Gilford progeria syndrome, HGPS, and processing deficient progeroid laminopathy (PDPL). The approval was based on the positive results of two pivotal clinical trials demonstrating that Zokinvy, an oral disease-modifying agent which targets the cause of progeria, lowered the risk of death in children by 72% and extended life by an average of 4.3 years in children and young adults with HGPS."
BOWN

Hot Stocks

17:55 EST Bowen Acquisition Corp trading halted, news pending
SABR HA

Hot Stocks

17:53 EST Sabre, Hawaiian Airlines sign new distribution agreement - Sabre (SABR) and Hawaiian Airlines (HA) have signed a multi-year distribution agreement that will provide Sabre-connected agencies with long-term access to the carrier's HA Connect NDC and traditional EDIFACT content through the Sabre travel marketplace. Hawaiian Airlines and Sabre will be working closely together on the integration of HA Connect(TM) NDC content in the Sabre GDS, which is expected to be available by the end of 2024. Once live, it will enable hundreds of thousands of Sabre-connected agencies and travel buyers to have even richer access to the carrier's broad range of products and offers, as travel agents will be able to shop, book, and manage Hawaiian Airlines' NDC and EDIFACT offers through Sabre's Offer and Order APIs, the point-of-sale tool, Sabre Red 360, and the corporate booking solution, GetThere. "We are very pleased to have reached an agreement with Sabre to expand our long-standing distribution partnership to not only EDIFACT but also HA Connect content once the technical connectivity has been implemented," said Brent Overbeek, Executive Vice President and Chief Revenue Officer, Hawaiian Airlines. "Hawaiian Airlines is continuously expanding the distribution options and content available to the travel agency community, and NDC is one of the key enablers of that. This agreement will enable Sabre's travel agents across the globe to access our rich HA Connect NDC content."
NVDA META

Hot Stocks

17:33 EST Meta's Zuckerberg says buying 350K Nvidia H100 GPUs by 2024-end - Meta's (META) Mark Zuckerberg plans on acquiring 350,000 NVIDIA (NVDA) H100 graphics cards. On Thursday, Mark Zuckerberg, CEO of Meta (META) said in a blog post to his Instagram account: "Some updates on our AI efforts. Our long term vision is to build general intelligence, open source it responsibly, and make it widely available so everyone can benefit. We're bringing our two major AI research efforts (FAIR and GenAI) closer together to support this. We're currently training our next-gen model Llama 3, and we're building massive compute infrastructure to support our future roadmap, including 350k H100s by the end of this year -- and overall almost 600k H100s equivalents of compute if you include other GPUs. Also really excited about our progress building new AI-centric computing devices like Ray Ban Meta smart glasses. Lots more to come soon." Reference Link
IRBT

Hot Stocks

17:28 EST iRobot down 31% afterhours following WSJ report on E.U. plan to block deal
AXGN

Hot Stocks

17:01 EST AxoGen announces results from REPOSE clinical study - Axogen announced positive topline results from its REPOSE clinical study comparing standard-of-care neurectomy of symptomatic neuroma to neurectomy and protection of the terminated nerve end with Axoguard Nerve Cap. The post-marketing study met its primary endpoint for reduction in pain as measured by visual analog scale. Additional data analysis found that over the 12-month course of follow-up, the Axoguard Nerve Cap group demonstrated statistical superiority for reduction in the total pain reported by participants compared to the standard-of-care neurectomy group.
BBY BCE

Hot Stocks

17:00 EST Best Buy, Bell Canada enter into strategic partnership - Best Buy Canada (BBY) and Bell Canada (BCE) have entered into a strategic partnership to operate 165 consumer electronics retail stores in Canada. The Source, a wholly owned subsidiary of Bell, will be rebranded as Best Buy Express and offer the latest in consumer electronics from Best Buy along with exclusive telecommunications services from Bell. This innovative partnership will make the most of the respective strengths of Best Buy and Bell to deliver an exceptional shopping experience for Canadians. Best Buy and Bell will invest in an updated store experience, as well as an expanded product assortment, customer experience and training. Customers will benefit from Best Buy's expertise in consumer electronics to find the latest products from the world's leading brands, its global buying power and industry-leading supply chain. In addition, customers will find Bell, Virgin Plus and Lucky Mobile mobility, Internet, TV and home phone services, all backed by knowledgeable sales and support they have come to expect from Best Buy and Bell. Best Buy Express is expected to open in locations across Canada starting in the second half of 2024.
IBKR

Hot Stocks

16:53 EST Interactive Brokers CIO sells $2.51M in common stock - In a regulatory filing, Interactive Brokers disclosed that its CIO Thomas Frank sold 28.3K shares of common stock on January 16th as part of an option expiry in a total transaction size of $2.51M.
DTSS

Hot Stocks

16:40 EST Datasea announces 1-for-15 reverse stock split - Datasea announced that the company's Board of Directors has approved a reverse stock split of its authorized and issued and outstanding shares of common stock, par value $0.001 per share, at a ratio of 1-for-15. The company is effecting the reverse split to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The reverse stock split does not require the approval of the company's stockholders, as it was approved in accordance with Nevada Revised Statutes Section 78.207.
CNC

Hot Stocks

16:40 EST Centene subsidiary selected by New Hampshire DHHS - Centene announced that its subsidiary, NH Healthy Families, one of the largest Medicaid health plans in New Hampshire, has been selected by the New Hampshire Department of Health and Human Services, or DHHS, to provide physical health, behavioral health and pharmacy services for New Hampshire's Medicaid managed care program, known as Medicaid Care Management, or MCM. The program supports approximately 178,000 MCM members, including pregnant women, children, non-elderly, non-disabled adults under the age of 65 and individuals who are aged, blind or disabled. The MCM contract was approved by Governor Chris Sununu and the Executive Council, in coordination with DHHS, and will be effective from September 1, 2024 through August 31, 2029.
OPTT

Hot Stocks

16:40 EST ISS: Shareholders should vote for 'All of Ocean Power board nominees' - Ocean Power Technologies (OPTT) announced that leading proxy advisory firm Institutional Shareholder Services has recommended shareholders vote ONLY on the WHITE proxy card "FOR" all of the OPT Board of Director's highly qualified and experienced director nominees at the upcoming 2023 Annual Meeting of Stockholders, scheduled to be held on Wednesday, January 31...As a reminder, shareholders may receive proxy materials from an activist investor, Paragon Technologies (PGNT).
ED

Hot Stocks

16:39 EST Consolidated Edison raises quarterly dividend to 83c from 81c per share - Consolidated Edison declared a quarterly dividend of 83c a share on its common stock, payable March 15 to stockholders of record as of February 14, an annualized increase of 8c over the previous annualized dividend of $3.24 a share.
PSN

Hot Stocks

16:36 EST Parsons awarded $28M Battlespace Command and Control Center task order - Parsons announced that the company has been awarded a $28M ceiling-value Battlespace Command and Control Center integration task order under the Air-Base Air-Defense, or ABAD, contract. This contract includes a single base year and two option periods and represents new work for Parsons. Under this task order, Parsons will focus on the procurement, integration, testing, and training for a country-specific multi-source correlator tracker software system. Additionally, the Parsons team will integrate U.S., NATO, and host nation supplied battlespace awareness and air defense capabilities. This will directly support ongoing security assistance activities and enhance partner nation air and missile defense capabilities within the U.S. Air Forces in Europe area of operations. Parsons operates in every aspect of the all-domain battlespace and addresses emerging threats by fusing technologies across the now-connected warfighting domains and incorporates information operations, intelligence, data analytics, electronic warfare, multi-echelon command and control, and kinetic operations into a unified approach.
FNB

Hot Stocks

16:35 EST F.N.B. completes sale of $650M of investment securities - As part of its ongoing proactive balance sheet management strategy, FNB completed the sale of approximately $650M of available-for-sale investment securities in mid-December and transferred $355M of indirect auto loans to held-for-sale. The cumulative impact of these balance sheet actions has a tangible book value earn back period of less than one year, versus an earn back of five years for a stock buyback, an alternative use of capital, and earnings accretion that is significantly higher.
IKNA

Hot Stocks

16:35 EST Ikena Oncology Inc trading resumes
GHRS

Hot Stocks

16:34 EST EPO grants GH Research patent with claims directed to 5-MeO-DMT for MDD/TRD - GH Research announced that it recently received a communication from the European Patent Office or EPO, that it has been granted a patent with claims directed to mebufotenin or 5-MeO-DMT or a pharmaceutically acceptable salt thereof for use in treating patients diagnosed with major depressive disorder MDD and treatment-resistant forms of MDD, such as treatment-resistant depression or TRD. The newly granted patent, EP3927337, which will have an effective date of February 14 and an expiry date of no earlier than 2040, is expected to cover all mebufotenin 5-MeO-DM and mebufotenin salt products for use in the treatment of MDD and TRD, including but not limited to products administered through pulmonary inhalation, intravenous and intranasal routes. It is therefore expected to effectively fortify the company's position at the forefront of novel rapid-acting antidepressant treatments. Similar patent applications are pending on behalf of the company in the US and in over thirty other jurisdictions, aiming to provide broad coverage in all key geographies for the therapeutic use of mebufotenin in MDD and TRD...Theis Terwey, CEO and Co-founder of GH Research said: "We are committed to providing highly effective new therapies to patients in mental health care who are underserved by existing treatments. Having a strong IP portfolio helps us with this mission, and it is satisfying to have the EPO endorse the strength of our IP..."
PEP WEN

Hot Stocks

16:33 EST PepsiCo announces retirement of North America Beverages CEO - PepsiCo (PEP) announced that Kirk Tanner, CEO of the company's North America beverage business will retire on February 2. Ram Krishnan is appointed as the CEO for PepsiCo Beverages North America. Tanner retires from PepsiCo after 32 years of service to the company. Tanner will join The Wendy's Company (WEN) as CEO following his departure from PepsiCo.
WEN PEP

Hot Stocks

16:32 EST Wendy's says Kirk Tanner to succeed Todd Penegor as President & CEO - The Wendy's Company (WEN) announced that its Board of Directors has appointed Kirk Tanner as Wendy's President and CEO, effective February 5. Tanner will succeed Todd Penegor, who will depart from the company and Board in February after serving in senior leadership positions at Wendy's for more than a decade. Tanner has also been elected to serve on the Wendy's Board of Directors. Tanner most recently served as CEO of North American Beverages at PepsiCo (PEP), and joins Wendy's with more than 30 years of experience across beverages, snacks and foodservice.
CHRS

Hot Stocks

16:28 EST Coherus Biosciences presents positive Phase 2 data on casdozokitu - Coherus BioSciences announced data from the lead-in portion of the Phase 2 clinical trial evaluating casdozokitug casdozo , a selective and potent IL-27-targeting antibody, in combination with atezolizumab atezo and bevacizumab bev in treatment naive patients with unresectable locally advanced or metastatic hepatocellular carcinoma uHCC . These data are being presented at the 2024 ASCO Gastrointestinal Cancers Symposium taking place January 18-20, 2024 at Moscone West in San Francisco, California. Interleukin IL -27 is an immunoregulatory cytokine involved in suppressing anti-tumor immune responses and an important new target for cancer treatment. Casdozo is a first-in-class antibody, and the only clinical stage immunomodulatory cytokine antagonist targeting IL-27. "Doublet immunotherapy combinations for the treatment of liver cancer have improved outcomes for patients for whom surgery is not an option or whose cancer has spread. However, not all patients respond to current therapy and novel treatment options that can further improve survival without added toxicity are needed," said Daneng Li, M.D., Associate Professor in the Department of Medical Oncology & Therapeutics Research and Co-Director, Liver Cancer Collaborative Program, City of Hope Comprehensive Cancer Center. "The addition of casdozo to standard of care is encouraging and supports further evaluation of cazdozo, and its novel anti-IL-27 mechanism, as part of triplet therapy in HCC. Additionally, each person with advanced HCC is unique with respect to their tumor, co-morbidities and other factors - the biomarker data showing an association of IL-27 biology and response to casdozo is particularly interesting and the potential to identify biomarkers of response would be an important benefit to patients with liver cancer."
MESA...

Hot Stocks

16:28 EST Mesa Air enters new terms with United Airlines, gives update on CRJ-900 program - Mesa Air (MESA) announced agreements with United Airlines (UAL) to amend its capacity purchase agreement and certain credit agreements between the parties to significantly improve Mesa's operating income and liquidity over the next twelve months. The company also issued an update on its efforts to sell excess CRJ-900 assets to reduce debt and bolster liquidity. On January 11, Mesa entered into an agreement with United that significantly increased the block-hour rate under its CPA, covering the period from October 1, 2023 to December 31. The company expects this increase will provide Mesa approximately $63.5M in incremental revenue over the next twelve months and bolster liquidity. Mesa and United also agreed to amend certain notice requirements related to eight CRJ-900 aircraft covered under the CPA and to extend United's waiver of utilization requirements for aircraft under contract until June 30. In conjunction with the CPA amendment, United agreed to reduce the outstanding balance on the revolving credit facility by $2.1M and relieve the full $10.5M principal amount of the bridge loan it previously issued to Mesa, in exchange for Mesa's investment in privately-held Heart Aerospace. Mesa originally purchased the stake in Heart for $5M and following this transaction, Mesa continues to hold 222,222 unvested warrants, each struck at a value of $0.01, in Heart. As a result of the bridge loan elimination, Mesa's equity investment in Archer Aviation (ACHR) is released as collateral. Mesa currently owns 2.27M vested shares and 1.17M unvested warrants, each struck at a value of $0.01, in Archer common stock. During the September quarter, Mesa closed on the sale of three of the seven CRJ-900 NextGen aircraft that it previously agreed to sell to a third party. Subsequent to quarter end, Mesa closed on the sale of the remaining four aircraft. The sales of these seven CRJ-900s generated gross proceeds of approximately $71.2M, resulting in the elimination of approximately $63.2M of debt principal, approximately $27.3M of which was reflected in Mesa's total debt balance as of September 30, 2023, and creating approximately $8M in additional liquidity. Using proceeds from the sales of the seven CRJ-900 NextGen aircraft, Mesa retired approximately $59M outstanding on its loan from Export Development Bank of Canada and repaid $4.2M of its junior note to MHI RJ Aviation Group, which together financed those assets. As a result of the partial repayment of the MHIRJ junior note, Mesa met the conditions for MHIRJ to forgive the remaining approximately $5M outstanding on the note. During the fourth quarter, Mesa also closed on the sales of three of seven CRJ-900s aircraft that it previously agreed to sell to a third party. Subsequent to quarter end, Mesa closed on the sale of the final four aircraft under this agreement. The sales of these seven CRJ-900s generated gross proceeds of approximately $21M, resulting in the elimination of approximately $10.8M in debt principal, approximately $5.3M of which was reflected in Mesa's total debt balance as of September 30, 2023, and creating $10.2M in additional liquidity. Subsequent to quarter end, Mesa also entered into several new asset sale agreements to sell 15 CRJ-900 airframes and 65 CF34-8C5 engines for total proceeds of $105.8M. These transactions are anticipated to eliminate approximately $89.8M of debt and finance lease buyout obligations, creating approximately $16M of additional liquidity and meaningfully reducing the company's go-forward cash interest expense, with the majority expected to close by March 2024. Mesa remains engaged in additional efforts to market and sell excess CRJ-900 assets. During fiscal full-year 2023, Mesa had a peak total debt balance of $701.3M at the end of Q1 2023. Over the subsequent three quarters, Mesa has reduced total debt by $161.6M to an estimated $539.7M balance at the end of Q4 2023 as a result of CRJ-related asset sales and scheduled principal repayments. For fiscal full-year 2024, the company expects the completion of CRJ-related asset sale agreements currently entered into and scheduled principal repayments through Q4 will reduce total debt by an additional $225.4M, for a projected total debt balance of $310.3M at fiscal year end. Of the $310.3M debt balance, $158.8M is attributable to E-175 aircraft that are pass-through to United Airlines under Mesa's CPA; $110.7M is U.S. Treasury debt collateralized primarily by 31 CRJ-900s; $35.6M is United Airlines debt collateralized with aircraft parts; and $9.2M is attributable to future lease obligations.
IKNA

Hot Stocks

16:21 EST iKena cuts 35% of workforce to focus on IK-930 and IK-595, to extend runway - Ikena Oncology, provided an organizational update outlining key objectives toward advancing the development of its lead targeted oncology assets, IK-930 and IK-595. The Company also announced an organizational streamlining that allows for the reallocation of resources from exploratory research and discovery towards the ongoing targeted oncology clinical programs. These efforts reinforce the Company's dedication to maximize impact and drive advancements in patient-directed treatments for cancer. ...The renewed focus on our lead assets, IK-930 and IK-595, underscores our dedication to delivering the full therapeutic potential of our clinical candidates that we believe could transform the lives of cancer patients."...With the advancement of IK-930 and IK-595, the Company has made the strategic decision to reallocate resources from the discovery organization to the clinical programs...This includes a workforce reduction of approximately 35%, to be implemented over the course of the first quarter of 2024 With approximately $175M in cash and cash equivalents as of December 31 and as a result of the organization changes the Company's runway is extended into the second half of 2026
BVS

Hot Stocks

16:21 EST Bioventus amends credit, guaranty agreement - Bioventus announced that it has entered into an amendment to the credit and guaranty agreement, between the company, Wells Fargo Bank, National Association as Administrative Agent and Collateral Agent, and the Lenders from time to time party thereto, dated as of December 6, 2019 and as amended on August 29, 2021, October 29, 2021, July 11, 2022 and March 31, 2023. Among other items, the Amendment provides for additional financial covenant relief through Q3 of 2025, including the company's leverage maintenance covenant and interest coverage ratio. The amended covenant levels are expected to provide the company with greater financial and operational flexibility relative to its operating plan in order to execute on key growth initiatives and enhance profitability. Financial covenant thresholds will revert to existing levels under the credit agreement for all covenants by the Q4 of 2025.
NVRO

Hot Stocks

16:21 EST Nevro announces Carelon publication on new interventional pain management policy - Nevro announced that Carelon Healthcare, a healthcare services company, will be publishing a new interventional pain management policy that expands spinal cord stimulation, or SCS, coverage for painful diabetic neuropathy, or PDN. The policy, which will go into effect on April 14, represents an increase in PDN patient coverage by nearly 43M additional lives. Payers that utilize Carelon Healthcare include Anthem Blue Cross in California; Anthem Blue Cross Blue Shield in Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, New Hampshire, Nevada, New York, Ohio, Virginia, and Wisconsin; AmeriHealth; Empire BCBS; Independence Blue Cross; and various Managed Medicaid plans.
NXTC

Hot Stocks

16:18 EST NextCure presents preclinical VSTM-1 data - NextCure announced the presentation of preclinical data relating to a novel humanized monoclonal antibody targeting VSTM-1, for the treatment of progressive inflammatory airway disorders, including chronic obstructive pulmonary disease, or COPD, at the Keystone Symposium for Inhibitory Receptors in Immune Homeostasis, Disease and Therapy. VSTM-1 is a cell-surface inhibitory receptor highly expressed on granulocytes, including neutrophils, and pulmonary monocytes that functions as a regulator of myeloid cell-driven inflammatory cascades. Inhibitory signaling is induced when VSTM-1 binds to ligands such as cathelicidin and S100 proteins. This immunosuppressive function, combined with the strong expression profile of VSTM-1 on pulmonary myeloid cells and the prominent role of neutrophils as inflammatory mediators of lung immunopathology, makes VSTM-1 a promising novel therapeutic target for COPD. NextCure developed an agonist monoclonal antibody, or mAb, against VSTM-1 to modulate hyperinflammatory conditions, restore homeostasis and prevent disease. The agonist antibody has demonstrated activity in vitro, ex vivo and in highly relevant in vivo models. Key findings from the study include: The agonist antibody blocks neutrophil-mediated inflammation and cytokine production associated with tissue damage in vitro and ex vivo. Treatment with the agonist antibody reduces pulmonary pathology and prevents disease in animal models, including a highly relevant syngeneic mouse model engineered to express the human VSTM-1 protein. Additional preclinical chronic models of inflammatory disease and relevant, mechanistically based combination studies in COPD and other indications are being planned.
QGEN

Hot Stocks

16:16 EST Qiagen announces details for completion of share repurchase up to $300M - Qiagen announced details for completion of the synthetic share repurchase plan to return up to approximately $300M that combines a direct capital repayment to QIAGEN shareholders with a reverse stock split. The repayment from existing cash reserves is expected to lead to an approximately 3% reduction in the number of issued shares The terms of the synthetic share repurchase are as follows: Every 25 issued QIAGEN shares will be consolidated into 24.25 QIAGEN shares, leading to a reduction of approximately 6.9 million shares from the level of 230.8 million shares at the end of 2023. Following the implementation of the consolidation, QIAGEN will repay capital to shareholders of record in the amount of $1.28 per pre-split share. The last day of trading of the pre-split shares on the New York Stock Exchange and the Frankfurt Stock Exchange is planned to be Monday, January 29, 2024. Beginning on Tuesday, January 30.
ACIC

Hot Stocks

16:16 EST American Coastal names Svetlana Castle as CFO - American Coastal Insurance Corporation announced changes to its executive leadership team. Svetlana Castle, JD, MPA, CPA, has been appointed as the new Chief Financial Officer, effective Monday, January 22, 2024. Ms. Castle will be joining as a member of ACIC's executive team and report directly to ACIC President, B. Bradford Martz. Mr. J. Andy Gray, CPA, has been promoted to the newly created position of Chief Compliance and Risk Officer. Mr. Gray, with extensive experience in tax, accounting, and internal audit, joined the Company in 2017, after the Company's merger with American Coastal Insurance Company, and has held various roles within the organization.
AEON

Hot Stocks

16:15 EST Aeon Biopharma presents new data from ABP-450 trial - Aeon Biopharma presented new clinical and pre-clinical data for ABP-450 in treating cervical dystonia, or CD, and posttraumatic stress disorder, or PTSD, at TOXINS 2024, a conference held by the International Neurotoxin Association from January 17-20 at the Estrel Berlin in Berlin, Germany. Topline data from the recently completed open-label extension, or OLE, of the Phase 2 trial demonstrate that ABP-450 was generally safe and well tolerated in CD patients for up to four treatment cycles during the 52-week duration of the study. ABP-450 did not appear to increase treatment-related TEAEs at any dose in the study. Peak efficacy for all ABP-450 doses and cycles occurred early, within 4 weeks, and durability of effect was demonstrated from 12 to 16 weeks post treatment. These results support further investigation of ABP-450 as a treatment option for patients with CD and other movement disorders. The OLE was a 52-week study of ABP-450 in adults with moderate to severe CD, a chronic and debilitating neurologic condition affecting the muscles of the neck, who participated in the placebo-controlled, double-blind Phase 2 study and for whom greater than or equal to eight weeks had elapsed between their single DBP treatment and first OLE treatment. Patients who showed a lack or loss of efficacy at DBP Week 4 or later could transition to the OLE; otherwise, patients entered the OLE at Week 20, providing they met the entry criteria. Patients received up to four treatments of ABP-450 during the OLE; patients received a dose range of 115 to 350 units as determined by and at the discretion of the investigator. After the first OLE treatment, patients were eligible for retreatment when their Toronto Western Spasmodic Torticollis rating scale total score returned to greater than or equal to 20 and greater than or equal to 10 weeks had passed since their last dose of ABP-450. The stellate ganglion, or SG, is formed by the fusion of the sympathetic ganglia in the upper thorax and provides most of the sympathetic innervation to the head and body. The three pre-clinical studies utilized SGB to injected rats with ABP-450 both individually and in conjunction with lidocaine using an ultrasound-guided technique over a duration of 1 to 2 hours. For the SGB procedure, baseline recordings of physiological parameters were assessed and then the linear ultrasound transducer was placed in a short axis view proximal to the clavicle. After identifying the lateral side of the cephalic brachial vein, a 27-gauge needle connected to an insulin syringe was advanced from the lateral to medial stellate ganglion to deliver lidocaine and/or ABP-450. Both lidocaine and ABP-450 were mixed with Chicago blue dye to confirm SGB targeting. Based on the results of this study, an appropriate dose for ABP-450 injected into the rat SG appears to be between 1 and 10 U/kg. The primary indicator for SGB was clearly established and verified parenteral delivery of lidocaine to both the left and right SG, suggesting that left side and/or bilateral dosing is an option for future experiments. This early-phase, original research in a limited dataset illustrated the successful implementation of an imaging-guided SGB model using lidocaine. These results provided pilot data confirming the accurate delivery of combination doses of lidocaine and ABP-450, with evidence of appropriate SGB targeting without significant signs of toxicity, which supports future studies of ABP-450 as a potential treatment of PTSD.
SMCI

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16:12 EST Supermicro jumps 5% to $327.00 after raising Q2 guidance
PLL

Hot Stocks

16:10 EST Piedmont Lithium sells portion of Atlantic shares to Assore - Piedmont Lithium "announced an agreement to sell a portion of shares it holds in Atlantic Lithium. The Company has agreed to sell 24.3 million shares of Atlantic for GBP0.25 per share, representing a premium to the prevailing market price. The shares to be sold represent approximately 3.9% of Atlantic's outstanding shares and will result in approximately US$7.8 million in proceeds for Piedmont. Following the transaction, Assore will own approximately 28.4% of Atlantic. Piedmont will retain 32.7 million Atlantic shares, representing approximately 5.2% ownership in Atlantic. The sale of these shares has no impact on Piedmont's joint venture, earn-in, or offtake position with Atlantic or the Ewoyaa project."
AVA

Hot Stocks

16:09 EST Avista files multi-year rate plan in Washington - Avista filed a multi-year rate plan with the Washington Utilities and Transportation Commission, or WUTC, that, if approved, would allow the company to recover increased operating and maintenance costs and ongoing investments to infrastructure, technology and more. If approved, new rates would be effective in December and December 2025. If approved, the electric general rate request is designed to increase annual revenue by $77.1M effective in December , and $53.7M effective in December 2025. If approved, the natural gas general rate request is designed to increase annual base revenue by $17.3M effective in December and $4.6M effective in December 2025. The electric and natural gas requests are based on a proposed rate of return of 7.61%, with a common equity ratio of 48.5%, and a 10.4% return on equity.
PMVP

Hot Stocks

16:09 EST PMV Pharmaceuticals annouces strategic 30% workforce reduction - PMV Pharmaceuticals announced a strategic reduction of its workforce by approximately 30%. PMV will maintain a focused discovery research effort and expects that the resulting savings in operating expenses will extend its cash runway to the end of 2026. As of December 31 on an unaudited basis, PMV had approximately $229M in cash, cash equivalents, and marketable securities. PMV estimates that it will incur aggregate charges of approximately $1.4Mprimarily for one-time employee severance and benefit costs, the majority of which are expected to be incurred in the first quarter of 2024. "I would like to express my sincere thanks to our employees impacted by this decision," said David Mack Ph.D., PMV Pharma's CEO and Co-founder. "We are grateful for their dedication and contributions to help bring PMV and PC14586 to this point of development. This is a difficult but necessary step to ensure that PC14586 is developed as efficiently as possible to benefit patients." About PMV Pharma
ASTS...

Hot Stocks

16:09 EST AST SpaceMobile secures strategic investment from AT&T, Google, Vodafone - AST SpaceMobile (ASTS) announced strategic investment from AT&T (T), Google (GOOGL) and Vodafone (VOD) and aggregate new financing of up to $206.5 million in gross proceeds. In addition to the $155 million strategic investment, the company also plans to draw up to $51.5 million from the company's existing senior-secured credit facility. New investors AT&T and Google, joined by existing investor Vodafone, are at the forefront of wireless innovation, with products and services serving billions of people daily. This significant investment in AST SpaceMobile underscores confidence in the company's technology and leadership position in the emerging space-based cellular direct-to-device market, with the potential to offer connectivity to today's 5.5 billion cellular devices when they are out of coverage.
VLO

Hot Stocks

16:09 EST Valero raises quarterly dividend from $1.02 to $1.07 per share - The dividend is payable on March 4, 2024 to holders of record at the close of business on February 1, 2024.
EXEL TEVA

Hot Stocks

16:08 EST EPO rules in favor of Exelixis on patent covering Cabometyx - Exelixis announced it has successfully defended European Patent number EP2593090 (c-MET Modulator Pharmaceutical Compositions) against three opponents, STADA Arzneimittel AG, Teva Pharmaceutical Industries Ltd., and Generics (U.K.) Ltd. in a hearing before the Opposition Division of the European Patent Office (EPO). The three-member panel of the Opposition Division rejected all grounds of opposition, thus upholding the patent as granted. The patent at issue, which expires on July 18, 2031, covers tablet formulations of cabozantinib, including the tablet formulation approved as CABOMETYX(R) (cabozantinib) tablets by the European Medicines Agency. The decision is specific to the European patent at issue and is subject to appeal to the EPO Technical Boards of Appeal.
GTLB...

Hot Stocks

16:07 EST GitLab appoints Sabrina Farmer as CTO - GitLab (GTLB) announced the appointment of Sabrina Farmer as its chief technology officer, or CTO. Farmer will lead GitLab's software engineering, operations, and customer support teams to execute the company's technical vision and strategy and oversee the development and delivery of GitLab's products. She joins GitLab after a 19-year career at Google (GOOGL) where she most recently served as vice president of engineering, core infrastructure. During her tenure with Google, she was directly responsible for the reliability, performance, and efficiency of all of Google's billion-user products and infrastructure.
CMBM

Hot Stocks

16:02 EST Cambium Networks announces departure of CFO Andrew Bronstein - Cambium announced that Andrew Bronstein, Cambium's CFO, will be leaving the company effective February 2, to pursue an outside opportunity. Cambium is working to find a permanent replacement. In the interim, John Becerril, Cambium's chief accounting officer, will assume the responsibilities as acting CFO. Andrew has agreed to assist in the transition to a new CFO following his departure.
VSTM

Hot Stocks

16:02 EST Verastem granted fast track designation for Avutometinib+Sotorasib in NSCLC - Verastem Oncology "announced the U.S. Food and Drug Administration has granted Fast Track Designation to Verastem Oncology's investigational RAF/MEK clamp, avutometinib, in combination with Amgen's KRAS G12C inhibitor, LUMAKRASTM, for the treatment of patients with KRAS G12C-mutant metastatic non-small cell lung cancer, or NSCLC. who have received at least one prior systemic therapy and have not been previously treated with a KRAS G12C inhibitor. Fast Track is a process designed to facilitate the development and expedite the review of new drugs intended to treat or prevent serious conditions and address unmet medical need. While newer targeted therapies specific to KRAS G12C-mutant NSCLC have shown significant promise, avutometinib targets the RAS pathway, which is a common source of acquired mutation. Preclinical proof-of-concept studies demonstrated improvements with the combination of avutometinib and sotorasib vs sotorasib alone, including deeper tumor regression through enhanced blockade of ERK activation and a decrease in the frequency of relapse of tumors. The RAMP 203 clinical development program will determine whether the promising preclinical results observed with the combination of avutometinib with sotorasib translate into improved clinical outcomes for patients with KRAS G12C-mutant locally advanced or metastatic NSCLC who have received prior therapy for metastatic disease and have not been previously treated with a KRAS G12C inhibitor. Initial results of the RAMP 203 (NCT05074810) Phase 1/2, multicenter, open label, dose evaluation/expansion study evaluating the efficacy and safety of avutometinib + sotorasib in patients with KRAS G12C-mutant NSCLC who have not been previously treated with a KRAS G12C inhibitor as well as in patients who have been previously treated with a KRAS G12C inhibitor demonstrated confirmed responses in both KRAS G12C inhibitor resistant and naive patients. The pharmacokinetic profile of avutometinib in combination with sotorasib in the RAMP 203 trial was similar to results in monotherapy studies. No drug-drug interactions were observed between avutometinib and sotorasib. Avutometinib 4.0 mg PO BIW 21/28 days + sotorasib 960 mg PO QD 28/28 days was selected as RP2D based on dose limiting toxicity (DLT) assessment. These initial RAMP 203 results were presented at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics in October, 2023. Enrollment of patients with KRAS G12C-mutant NSCLC who are either naive to or previously treated with a KRAS G12C inhibitor is ongoing in the expansion phase of RAMP 203 with updated results expected in the first half of 2024."
IKNA

Hot Stocks

16:00 EST Ikena Oncology Inc trading halted, news pending
CMI...

Hot Stocks

15:59 EST Cummins, Daimler Truck and Paccar select Mississippi for battery cell site - Accelera, the zero-emissions business segment of Cummins (CMI), Daimler Trucks & Buses, a Daimler Truck (DTRUY) company, and Paccar (PCAR) have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture, or JV. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gigawatt hour, or GWh, factory is expected to begin producing battery cells in 2027. The planned joint venture between Accelera, Daimler Truck and Paccar was announced in September 2023 and will create scale to deliver cost effective and differentiated battery cell technology that supports the adoption of electric vehicles for medium- and heavy-duty commercial transportation. Accelera, Daimler Truck and Paccar will each own 30% of, and jointly control, the business, which will focus on lithium-iron-phosphate battery technology for commercial battery-electric trucks. Eve Energy will serve as the technology partner in the joint venture with 10% ownership and will contribute its battery cell design and manufacturing expertise to the future cell manufacturing plant. EVE Energy is a global technology leader in the manufacture of LFP battery cells for the vehicle industry. The transaction is subject to customary closing conditions and receipt of applicable merger control and regulatory approvals, including the submission of a voluntary notice to the Committee on Foreign Investment in the United States, or CFIUS.
AMZN

Hot Stocks

15:53 EST Amazon says John Felton taking on new role as SVP and AWS CFO - Doug Herrington posted the following messages shared with Amazon employees: "I want to share with you that John Felton will be taking on a new role as SVP and AWS CFO, reporting to Brian Olsavsky. John has been with Amazon for over 19 years, including the last 12 years within Operations, and we are lucky to have benefited from his many talents within Worldwide Stores. I want to thank him for everything he's done for the Worldwide Operations team. Most recently, John and his teams have led the successful work to regionalize our U.S. network, both improving our delivery speeds for customers and reducing our cost to serve. He leaves our Operations network in a strong place. With John's transition, I'm pleased to share that Udit Madan will take over leading Worldwide Operations. In his 15+ years with Amazon, and most recently as the leader of our global delivery services, Udit has demonstrated a deep customer obsession and a passion for innovation. I'm excited to work even more closely with him as he and the team double down on reinventing ways to further advance our work to improve delivery speeds, widen selection, and lower our cost to serve customers." Reference Link
MSFT SQNXF

Hot Stocks

15:50 EST Microsoft says new 'Indiana Jones' game out 2024, 'Hellblade II' out May 21 - At its Xbox Developer_Direct presentation, Microsoft (MSFT) presented a number of announcements and updates about upcoming Xbox first-party software. Of note, the company said that: Obsidian-developed role-playing game "Avowed" will launch fall 2024; Ninja Theory's "Senua's Saga: Hellblade II" will release May 21, 2024; Square Enix's (SQNXF) RPG "Visions of Mana" will be out summer 2024; Oxide's upcoming PC strategy game "Ara: History Untold" will release Fall 2024; and MachineGame's "Indiana Jones and the Great Circle" will release exclusively for Xbox Series X/S and PC will release in 2024.
JBHT

Hot Stocks

15:17 EST J.B. Hunt raises quarterly dividend by 2% to 43c per share - The dividend is payable to stockholders of record on February 9, 2024 and will be paid on February 23, 2024.
WEC

Hot Stocks

14:59 EST WEC Energy raises quarterly dividend by 7% to 83.5c per share - The board of directors of WEC Energy declared a quarterly cash dividend of 83.50c per share on the company's common stock, an increase of 7% over the current quarterly dividend of 78c per share. This raises the annual dividend rate to $3.34 per share. The higher dividend is payable March 1 to stockholders of record on Feb. 14. "With today's action by our board, 2024 will be the twenty-first consecutive year of dividend increases for our stockholders. We continue to target a dividend payout of 65 to 70 percent of earnings," said Gale Klappa, executive chairman.
BRY

Hot Stocks

14:38 EST Berry Corporation sees 2023 production at high end of view 25,300 boe/d - Berry Corporation announced select preliminary full year 2023 production and year-end proved reserves data. The Company also reported that it completed a small scale, all cash bolt-on acquisition at year-end 2023 in line with corporate strategy, while reducing revolver debt in the fourth quarter 2023. ...The Company currently estimates that total production for the full year 2023 will be approximately 25,300 barrels of oil equivalent per day boe/d, with about 93% of the production being oil. The total production estimate is at the high end of the Company's guidance reported in September 2023 and represents an increase of around 200 boe/d compared to the guidance midpoint. The increase was largely related to improved performance of base production. Proved reserves estimates were approximately 103M barrels of oil equivalent at December 31 based on a third-party reserve report and SEC pricing of $77.30 per barrel for crude oil and $3.725 per thousand cubic feet for natural gas. In 2023...Using strong cash flows from production, Berry also reduced the debt outstanding under its revolver by approximately $25M in the fourth quarter of 2023, which includes the impact of the bolt-on acquisition and had total debt at the end of the year of $428M compared to $454M at the end of the third quarter of 2023. Berry's CEO, Fernando Araujo, said, "In 2023, Berry maintained steady production by effectively developing and managing its reservoirs, which we did with less capital than originally planned, and through strategic acquisitions. As a result, we expect to deliver 2023 production at the high end of our guidance..."
MSFT

Hot Stocks

14:34 EST Microsoft makes its AI-powered Reading Coach availlable 'at no cost to anyone' - "...We're announcing the next wave of AI innovations from Microsoft Education that will help unlock productivity and personalize learning. This includes expanded Copilot for Microsoft 365 availability and Loop coming to education. We're also sharing news about AI built for education such as Reading Coach and features designed to free up time for educators and personalize learning. As part of our continued work to build AI literacy, we've launched our latest course for educators and a new learning path on Microsoft Learn. And earlier this week we outlined Microsoft's position and themes for policymakers to consider around advancing youth online safety and wellness. We're making Reading Coach more broadly available than ever, so that learners can read on the device of their choice, at home or school. It will be available on the web and as a Windows App, at no cost to anyone with a Microsoft account. Additionally, we're making it easier for teachers to create Reading Coach practice assignments by adding integration with popular Learning Management Systems LMS such as Canvas, which will be available in late Spring 2024. Learn more about how Reading Coach works on our support documentation pages," said Microsoft, in part, on its Education Blog. Reference Link
PINS...

Hot Stocks

14:13 EST Iowa Attorney General Bird sues TikTok for misleading parents - "Iowa Attorney General Brenna Bird sued TikTok for deceiving Iowans, particularly parents, by lying about children's widespread access to inappropriate content on its social-media app. "TikTok has kept parents in the dark," said Attorney General Bird. "It's time we shine a light on TikTok for exposing young children to graphic materials such as sexual content, self-harm, illegal drug use, and worse. TikTok has sneaked past parental blocks by misrepresenting the severity of its content. But no longer. As a mom and prosecutor, I am committed to equipping parents with information to keep their kids safe and to holding TikTok accountable." The lawsuit explains that TikTok:Claims a "12+" rating in Apple's App Store, despite frequent and intense adult content, including: Sexual content and nudity Profanity and crude humorMature and suggestive themes...."Other publicly traded companies in the social media space include: Meta Platforms (META), Snap (SNAP), X(TWTR), Alphabet (GOOG, GOOGL), Spotify (SPOT) and Tencent (TCEHY) and Pinterest (PINS). Reference Link
DFS NNI

Hot Stocks

14:12 EST Nelnet rises as Discover says company to service $10B student loan portfolio - During its earnings conference call, Discover Financial (DFS) said that it signed a servicing agreement with Nelnet (NNI) to become the servicer of its student loan portfolio. "It was a competitive process. And certainly, Nelnet showed that there's a commitment to continue to dedicate resources and service that portfolio at a high level. The next step will be to continue the servicing migration activities. We expect those activities will take around six months. We're - conservatively it may take a month or two longer. And then, as we're doing that, our advisor will begin to market the portfolio. So, our expectations are that it will sell in the second half. And the implications for the business are as follows. So, there's $9.5 billion of receivables. That equates to kind of risk-weighted assets of about $10.8 billion. We expect that, that will be -- the exit of that will be -- have a positive impact on net interest margin by somewhere between 10 and 20 bps on a full year basis. Charge-off rate could tick up mildly, so under 5 bps. And as of 12/31, we had $858 million of reserves. So, with a successful exit, those reserves will drop. And the sale price, the market will determine that, but we expect it to go above par," Discover Executive VP and CFO John Thomas Greene said. Shares of Nelnet have gained over 3% to $85.77 in Thursday afternoon trading.
WMT

Hot Stocks

14:12 EST Walmart says average store manager salary going to $128,000 per year - Walmart said in a statement: "We're simplifying and increasing store manager wages. With this investment and upcoming annual increases, the store manager average salary will go from $117,000 to $128,000 a year. Second, we're redesigning our store manager bonus program. In addition to sales, your store's profit will play a bigger role in calculating your annual bonus. If you hit all targets, your bonus could now be up to 200% of your base salary." Reference Link
RSLS

Hot Stocks

14:00 EST Commercialization of 2.0 Flex to ramp up through 2024, ReShape CEO says
RSLS

Hot Stocks

14:00 EST GLP-1 drugs helping normalize obesity treatment, ReShape CEO tells The Fly
RSLS

Hot Stocks

14:00 EST ReShape CEO expects traction on partnership, merger discussions soon
RSLS

Hot Stocks

14:00 EST ReShape CEO says Lap-Band 2.0's PMA supplement approval 'huge'
TTWO...

Hot Stocks

13:56 EST GTA 5's Rockstar Editor to be removed from PS4 & Xbox One platforms - According to a blog post on the Rockstar support page, created January 18: "The Rockstar Editor will no longer be available in Grand Theft Auto V and GTA Online on PlayStation 4 and Xbox One consoles as of February 20, 2024. This change is necessary to allow us to support ongoing updates to these games on both platforms. What does this mean for any Rockstar Editor Clips and Projects created on PlayStation 4 (SONY) or Xbox One (MSFT)...All Clips or Projects will be deleted on February 20, 2024, when the Rockstar Editor is removed from these platforms." The Fly notes the Rockstar Games label was founded in 1998 and is a unit of Take-Two Interactive Software (TTWO). Reference Link
NSC

Hot Stocks

13:51 EST Norfolk Southern strength attributed to activist speculation - Shares of Norfolk Southern are up about 4% to $234.04 in afternoon trading. Earlier, TheDeal.com speculated that "an activist could retain former Kansas City Southern CEO Patrick Ottensmeyer as a possible director and CEO candidate" at Norfolk Southern, contacts tell The Fly.
AREN

Hot Stocks

13:32 EST Arena Group announces workforce reduction of over 100 employees - Arena Group announced a "significant reduction" in its workforce of over 100 employees. "The Company, which has substantial debt and recently missed payments, is completing these cost-cutting measures to initiate a transformative shift towards a streamlined business model," Arena said in a statement. In parallel, the company said it is actively engaged in negotiations with Bridge Media Networks, a wholly owned subsidiary of Simplify Inventions. "The ongoing efforts aim to conclude the transaction in early 2024, including a substantial investment as part of the Bridge Media deal," the company added. Jason Frankl of FTI Consulting, recently appointed as Chief Business Transformation Officer of Arena Group, commented, "My immediate focus is to collaboratively design a growth-oriented media company, ensuring the financial stability necessary to cultivate and grow the brands we cherish. While this week's layoffs were regrettably necessary, I look forward to sharing detailed plans soon."
RMD

Hot Stocks

13:12 EST FDA reports certain ResMed masks recalled due to safety issue with magnets - The U.S. Food and Drug Administration is alerting patients, caregivers, and health care providers about AirFit and AirTouch mask models recalled by ResMed Ltd. "These masks are used with bilevel positive airway pressure, also known as Bilevel PAP, BiPAP, or BPAP, machines and continuous positive airway pressure, or CPAP. The recalled masks have magnets that can cause potential injuries or death when the magnets interfere with certain implanted metallic medical devices or metallic objects in the body. The FDA classified this recall as a Class I recall, the most serious type of recall," the agency stated in a notice. Reference Link
GOOGL

Hot Stocks

13:09 EST Google to invest $1B in United Kingdom data center - Google announced it has started building a new data center in Waltham Cross, Hertfordshire. "The data centre will be located on a 33-acre site that Google purchased in October 2020 and, once complete, will help ensure reliable digital services to Google Cloud customers and Google users in the UK. The new data centre represents an investment of $1 billion dollars in the country," the company stated. Ruth Porat, President and Chief Investment Officer, Chief Financial Officer of Alphabet and Google, added: "The Waltham Cross data centre represents our latest investment in the UK and the wider digital economy at large. This investment builds upon our Saint Giles and Kings Cross office developments, our multi-year research collaboration agreement with the University of Cambridge, and the Grace Hopper subsea cable that connects the UK with the United States and Spain. This new data centre will help meet growing demand for our AI and cloud services and bring crucial compute capacity to businesses across the UK while creating construction and technical jobs for the local community. Together with the UK government, we are working to make AI more helpful and accessible for people and organisations across the country."
PBLA

Hot Stocks

13:06 EST Panbela Therapeutics Inc trading resumes
DIN

Hot Stocks

13:03 EST Dine Brands appoints Scott Gladstone as CDO - Dine Brands Global announced the promotion of Scott Gladstone as its New Chief Development Officer. In his new role, Gladstone will continue to serve as Dine Brands' International President, a role he has served in since January 2023, overseeing Dine's global portfolio of Applebee's and IHOP restaurants across 18 international markets. The role of Chief Development Officer is a new position at Dine. It is designed to leverage shared resources and continue to drive Dine's world-class franchisor capabilities and deliver consistent performance and value creation for shareholders. In this role, Gladstone will be responsible for overseeing franchise development globally, deepening Dine's development capabilities and enhancing support for new and existing franchisees for each of Dine's brands.
PBLA

Hot Stocks

13:01 EST Panbela Therapeutics Inc trading halted, volatility trading pause
WBD...

Hot Stocks

12:40 EST U.S. video game spending rose 1% y/y in 2023, says Circana - Circana analyst Mat Piscatella said that annual U.S. spending on video game content, hardware and accessories reached $57.2B in 2023, an increase of 1% when compared to 2022. December spending grew 4%, to $7.9B. Video game content spending ended 2023 1% higher than 2022, driven by a 13% increase in digital premium download spending on console platforms. Warner Bros. Discovery's (WBD) "Hogwarts Legacy" finished as 2023's best-selling video game in the U.S. market in dollar sales. It is the first year since 2008 that a non-"Call of Duty" (MSFT) or Rockstar (TTWO) developed title ranked first. "Hogwarts Legacy" was the best-selling game of the year on PlayStation (SONY) platforms, ranked 2nd on Xbox platforms, and placed 5th on Nintendo (NTDOY) platforms. Activision's "Call of Duty: Modern Warfare III" was both the best-selling game of Dec and the #2 best-selling game of 2023. "Call of Duty: Modern Warfare 2" ended 2023 ranked 7th. Call of Duty was the best-selling franchise in U.S. full game dollar sales for a record 15th consecutive year. Nintendo's "The Legend of Zelda: Tears of the Kingdom" was the best-selling game of 2023 on Nintendo platforms, and 5th best-selling game overall, despite Nintendo not sharing its digital sales for inclusion in the best-selling title charts. Epic Games' "Fortnite" featured the highest unique monthly active users on both PlayStation 5 and Xbox Series consoles in the US market during December, while indie title "Lethal Company" ranked 1st on Steam. Other top sellers for the month of December were Nintendo's "Super Mario Bros. Wonder," Electronic Arts' (EA) "Madden NFL 24," Sony's "Spider-Man 2," and Ubisoft's (UBSFY) "Avatar: Frontiers of Pandora." Investors in Epic include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony. Reference Link
GHC

Hot Stocks

12:32 EST Graham Holdings raises quarterly dividend 4% to $1.72 per share - Graham Holdings declared a regular quarterly dividend of $1.72 per share, payable on February 15, to shareholders of record on February 1. The dividend is a 4% increase from last quarter's $1.65 payout.
OPTN

Hot Stocks

12:02 EST Optinose reports publication of ReOpen Phase 3 trial results - Optinose announced peer-reviewed publication of results from both ReOpen1 and ReOpen2 in the Journal of Allergy and Clinical Immunology: In Practice. The ReOpen program evaluated XHANCE for treatment of adults with chronic sinusitis. A drug-device combination product, XHANCE nasal spray uniquely combines a widely used nasal anti-inflammatory drug with the Exhalation Delivery System, a delivery system designed to deliver the medication high and deep into difficult-to-access sinuses and sinonasal drainage tracts. As detailed in the new scientific publication Efficacy of EDS-FLU for Chronic Rhinosinusitis: Two Randomized Controlled Trials, both trials showed statistically significant improvement in symptoms, and in inflammation inside the sinuses, in patients with chronic sinusitis treated with XHANCE compared to patients receiving a vehicle combined with the Exhalation Delivery System. The primary endpoints include a composite symptom score and CT scans of the sinuses to objectively measure change in inflammation inside the sinus cavities. In additional statistically well-controlled measures, these trials also showed that XHANCE reduced the incidence of acute disease exacerbations by more than half and that treatment significantly reduced symptoms even for patients who entered the trials with symptoms despite using a standard-delivery nasal spray steroid, which are now generally available at prescription strength as over-the-counter treatments. The safety profile and tolerability of XHANCE for patients in the ReOpen trials was generally consistent with its currently labeled safety profile. The most common adverse reactions in the ReOpen program were epistaxis, headache, and nasopharyngitis.
HUM

Hot Stocks

12:00 EST Humana falls -12.5% - Humana is down -12.5%, or -$56.15 to $391.61.
SAVE

Hot Stocks

12:00 EST Spirit Airlines sinks 24% to $4.66 after WSJ report of restructuring talks
FSM

Hot Stocks

12:00 EST Fortuna Silver Mines falls -13.9% - Fortuna Silver Mines is down -13.9%, or -49c to $3.05.
SAVE

Hot Stocks

12:00 EST Spirit Airlines falls -14.1% - Spirit Airlines is down -14.1%, or -86c to $5.28.
LZM

Hot Stocks

12:00 EST Lifezone Metals rises 9.8% - Lifezone Metals is up 9.8%, or 61c to $6.84.
RAMP

Hot Stocks

12:00 EST LiveRamp rises 10.5% - LiveRamp is up 10.5%, or $3.87 to $40.78.
MDC

Hot Stocks

12:00 EST M.D.C. Holdings rises 18.2% - M.D.C. Holdings is up 18.2%, or $9.68 to $62.77.
OPTT

Hot Stocks

11:35 EST Paragon urges Ocean Power shareholders to disregard Stratmann's statements - Paragon Technologies, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, said it "calls on CEO Phillip Stratmann to immediately substantiate his misleading statements about OPT's future made in the Company's January 17, 2024 press release." The company said, "Mr. Stratmann now claims, "OPT expects that recent meaningful contract wins.... will enable [OPT] to reach profitability during calendar year 2025 using current capital resources." Yet the supporting slide presentation states that OPT expects to be "EBITDA breakeven, excluding extraordinary expenses, in calendar 2025. Mr. Stratmann, is it profitability or EBITDA breakeven in 2025? These are not equivalent terms. Or is that your way of covering yourself given the increasing financial disaster you have created as CEO? Mr. Stratmann, how will OPT finance itself in 2025? With less than $19 million in cash, and quarterly expenses of $6 to $8 million, OPTT will likely have NO capital resources by the end of 2024. Mr. Stratmann has failed to announce any numerical transparency cost reductions and as we have stated previously, a modest decline in expenses from current levels will likely not be enough to generate any profitability. As shareholders, we call on Stratmann to explain and demonstrate to shareholders precisely how OPT will indeed reach profitability in 2025 with the current capital resources. Stratmann has yet to announce a numerical and quantifiable cost cutting strategy or provide any projections reflecting how the company plans to achieve what the company is now claiming...We believe OPT's Board has continued to take measures and make statements that are self-serving and highly misleading to shareholders. The results speak for themselves. Paragon asks shareholders to think carefully about whether OPT's CEO and Board can be trusted with the future of the Company if they continue to make critical statements about OPT's future without ever providing numerical substantiation of any of their claims. OPT is in dire need of change. Please only vote on the BLUE proxy card so we can begin the work and effort that this Board appears incapable of doing."
PBIO

Hot Stocks

11:31 EST Pressure BioSciences receives open order agreement for Nano-CBD Topical Spray - Pressure BioSciences announced the receipt of an Open Order Agreement for the purchase in 2024 of a minimum of 10,000 bottles of the Company's Nano-CBD Topical Spray, with an initial product shipment in the coming weeks, from the Company's west coast manufacturing partner. Subsequent shipments will follow quickly thereafter. VICAR Holdings has recently formed with a central health and wellness mission, focused on the on-line sale of only the highest quality and performance products, featured in a premium "PrescriptionGrade" product line. The company's website and online store are currently under construction, with the initial PrescriptionGrade products slated for Beta testing in March 2024, and fully launching into sales in Q2 2024. VICAR has proudly announced PBIO's Nano-CBD Topical Spray will be the first product available through their on-line store. The product will be sold as PrescriptionGrade Nano-CBD.
WKEY

Hot Stocks

11:28 EST WISeKey's WISe.Art enters agreement with GMA to digitalize art - WISeKey International announced that its subsidiary, WISe.Art and GMA, signed an agreement allowing WISe.Art to digitalize over $500 million worth of Italian Renaissance Art constituted by masterpieces of Caravaggio, Beato Angelico, Tiziano, Tintoretto, Rubens, Rembrandt, Verocchio and Raffaello di Sanzio, owned by GMA. This cutting-edge project represents a transformative leap in the promotion, investment, and preservation of art. From 2024 to the Jubilee year 2025, this ambitious project will digitize the full Italian Renaissance artistic heritage collection owned by GMA, using ultra-high-definition imagery and digital enhancements. This effort is a milestone in transitioning Italian artistic heritage into the digital age, extending its reach to a global audience. As part of the initiative, an exclusive Renaissance Coin will be launched, providing access to historic art treasures through WISe.ART. This project connects art enthusiasts worldwide via the Internet, allowing them to immerse in and admire this extraordinary artistic heritage, some of which were previously limited to museums and historical sites. This technological breakthrough enables these treasures to be viewed and appreciated globally.
FOX FOXA

Hot Stocks

11:27 EST Outkick delivers monthly average of 7.2M total multiplatform unique visitors - OutKick finished 2023 with the most growth year over year amongst its competitive set in total multiplatform unique visitors, delivering a monthly average of 7.2 million total multiplatform unique visitors, up 65% versus 2022, according to Comscore. Additionally, OutKick saw increases across all categories in the fourth quarter of 2023 versus 3Q 2023 with 73 million total multiplatform views, 73 million total multiplatform minutes, and 6.1 million total multiplatform unique visitors, according to Comscore. In commenting on the digital performance, OutKick founder Clay Travis said,"2023 was a tremendous year for OutKick. We've added new shows, top-tier talent, and most importantly continued to generate engaging content with a roster that's unfiltered and fearless." To close out the year, OutKick saw 341 million total multiplatform views and 368 million total multiplatform minutes. The platform also finished with strong increases in social engagement on Facebook, X (formerly Twitter), and Instagram with 13.8 million social actions, up 119% year over year and Facebook, X, and YouTube with over 1 billion video views, up 987% versus 2022, according to Shareablee.
INTR

Hot Stocks

11:25 EST Inter&Co secures long-term naming rights for Orlando's soccer stadium - Inter&Co, Orlando City SC, and the Orlando Pride announced a long-term agreement to name the teams' home venue Inter&Co Stadium. In September, Inter&Co became the Official Financial Institution of Orlando's Major League Soccer and National Women's Soccer League teams. The enhanced relationship in Orlando designates Inter&Co as the first international partner for the Club. Inter&Co is also the first financial institution with Latin-American roots to own the naming rights of a major stadium in the United States.
DCPH

Hot Stocks

11:23 EST Deciphera presents long-term follow-up results from INTRIGUE Phase 3 trial - Deciphera Pharmaceuticals announced the presentation of new long-term results from the INTRIGUE Phase 3 clinical study comparing QINLOCK versus sunitinib in patients with advanced gastrointestinal stromal tumor previously treated with imatinib. The presentation titled "Overall survival and long-term safety with ripretinib vs sunitinib in patients with advanced gastrointestinal stromal tumor previously treated with imatinib: final analyses from INTRIGUE" will be presented by John Zalcberg, M.D., Ph.D., Cancer Research Program, Monash University School of Public Health and Preventive Medicine and Department of Medical Oncology, Alfred Health, Melbourne, Victoria, Australia at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium. Results of INTRIGUE Study Long-Term Follow-Up: In INTRIGUE, 453 patients in the all-patient intent-to-treat population with second-line GIST were randomized 1:1 to receive QINLOCK 150 mg once daily or sunitinib 50 mg once daily of which 444 patients received treatment. In the primary analysis of the AP-ITT population based on a data cut of September 1, 2021, while the primary endpoint was not achieved, QINLOCK demonstrated similar efficacy with a median progression-free survival of 8.0 months versus 8.3 months for sunitinib. There were fewer patients with Grade 3/4 drug-related treatment emergent adverse events with QINLOCK compared with sunitinib. Based on the primary results from the INTRIGUE study, QINLOCK was included in the National Comprehensive Cancer Network Clinical Practice Guidelines in Oncology for GIST as a preferred second-line regimen for patients with advanced GIST who are intolerant to sunitinib . The final analysis includes 18 months of additional follow up after the primary analysis based on a data cut of March 15, 2023. Key highlights from the final results presented include the following: Overall Survival: There were 211 OS events in the AP-ITT population with median duration of follow-up in the QINLOCK and sunitinib arms of 35.1 months and 34.1 months, respectively. Median OS in the AP-ITT population was similar with QINLOCK versus sunitinib. Safety and Tolerability: Among the 444 patients treated, 9.0% of patients remained on treatment at the time of data cutoff including 12.6% of 223 patients treated with QINLOCK and 5.4% of 221 patients treated with sunitinib. The long-term safety profile of QINLOCK was consistent with the primary analysis. Fewer patients had Grade 3/4 drug-related TEAEs with QINLOCK versus sunitinib. Dose interruptions and reductions as well as treatment discontinuations due to TEAEs were lower with QINLOCK versus sunitinib. Fewer patients discontinued treatment due to any TEAE for QINLOCK versus sunitinib. The most common TEAEs in the QINLOCK arm were alopecia, fatigue, and myalgia. The most common TEAEs in patients treated with sunitinib were palmar-plantar erythrodysesthesia syndrome, diarrhea, and hypertension. Exploratory Analysis: Efficacy of Next-Line Therapy: Median PFS on the next line of therapy after protocol treatment was similar for QINLOCK (7.7 months) versus sunitinib in the AP-ITT population. Following study treatment discontinuation, the most common third-line therapy was sunitinib for patients in the QINLOCK arm and regorafenib for patients in the sunitinib arm. Patients in the QINLOCK arm who received third-line sunitinib had a median PFS on next line of therapy of 8.5 months compared with 6.3 months for patients in the sunitinib arm who received third-line regorafenib.
HUT

Hot Stocks

10:39 EST J Capital short Hut 8 Corp., says management hiding stock ownership - In a recently published report, J Capital Research says it is short Hut 8 Corp. and that management is "hiding stock ownership through undisclosed related party, a stock-promoter cabal, and a host of left-for-dead assets." Hut 8 recently merged with U.S. Bitcoin Corp. J Capital says it has uncovered that "USBTC is backed by promoters with a history of legal trouble," and that one of USBTC's largest shareholders is an undisclosed related party. "One person highly familiar with USBTC told us, 'without the merger, [USBTC] would have done a structured bankruptcy.' Why then did HUT pay $745M to acquire this company and its planned payments? Even worse, we estimate a value for USBTC that's as much as 70% less. Typically, such egregious over-payments occur only when management is being enriched," the report reads. Further, J Capital says, "We reveal a relationship between USBTC and the SEC-charged Honig group stock promoters. The SEC accused the Honig group of engaging in 'classic pump and dump' and 'fraudulent schemes'... We have linked another group of likely stock promoters, the DesLauriers twins,5 to both of HUT and USBTC's CEOs. We believe that the DesLauriers may also be behind the promotion scheme. Limited lock-ups and undisclosed related-party shell corps lead us to believe insiders may soon sell shares." Shares of Hut 8 have dropped almost 6% to $8.77 in Thursday morning trading. Reference Link
FE

Hot Stocks

10:09 EST FirstEnergy subsidiary submits School Bus Pilot Program proposal to Maryland PSC - FirstEnergy Corp. subsidiary Potomac Edison has submitted a five-year Electric School Bus Pilot Program proposal to the Maryland Public Service Commission intended to help the state reach its climate goals, the company announced. "The pilot supports Maryland's Climate Solutions Now Act of 2022, which requires any new school buses contracted or purchased by public school systems in the state to be zero emissions," the company stated.
PWSC

Hot Stocks

10:02 EST Rocket Online Schools selects PowerSchool Student Information Cloud - PowerSchool announced Rocket Online Schools in Meriden, Kansas has selected PowerSchool Student Information System and PowerSchool Enrollment Express, from the Student Information Cloud, to enhance its management of student data, information, and enrollment. Since implementing PowerSchool SIS, ROCS has enhanced its ability to share assignment, grading, and graduation-related information with students and parents. ROCS has also tripled enrollment since the implementation. Once Enrollment Express is fully implemented, ROCS will be able to decrease manual work for staff and better manage all aspects of the registration process.
SOXL

Hot Stocks

10:00 EST Direxion Daily Semiconductor Bull 3X Shares rises 8.7% - Direxion Daily Semiconductor Bull 3X Shares is up 8.7%, or $2.48 to $30.91.
RAMP

Hot Stocks

10:00 EST LiveRamp rises 10.2% - LiveRamp is up 10.2%, or $3.75 to $40.66.
MDC

Hot Stocks

10:00 EST M.D.C. Holdings rises 18.0% - M.D.C. Holdings is up 18.0%, or $9.54 to $62.63.
SAVE

Hot Stocks

10:00 EST Spirit Airlines falls -8.7% - Spirit Airlines is down -8.7%, or -54c to $5.60.
FSM

Hot Stocks

10:00 EST Fortuna Silver Mines falls -9.3% - Fortuna Silver Mines is down -9.3%, or -33c to $3.21.
HUM

Hot Stocks

10:00 EST Humana falls -11.6% - Humana is down -11.6%, or -$52.00 to $395.76.
FSM

Hot Stocks

09:47 EST Fortuna Silver Mines falls -7.9% - Fortuna Silver Mines is down -7.9%, or -28c to $3.26.
BIRK

Hot Stocks

09:47 EST Birkenstock falls -9.7% - Birkenstock is down -9.7%, or -$4.83 to $45.15.
HUM

Hot Stocks

09:47 EST Humana falls -11.9% - Humana is down -11.9%, or -$53.13 to $394.62.
SOXL

Hot Stocks

09:47 EST Direxion Daily Semiconductor Bull 3X Shares rises 8.3% - Direxion Daily Semiconductor Bull 3X Shares is up 8.3%, or $2.37 to $30.80.
RAMP

Hot Stocks

09:47 EST LiveRamp rises 11.1% - LiveRamp is up 11.1%, or $4.10 to $41.01.
MDC

Hot Stocks

09:47 EST M.D.C. Holdings rises 18.0% - M.D.C. Holdings is up 18.0%, or $9.58 to $62.67.
MCAF

Hot Stocks

09:42 EST Mountain Crest Acquisition Corp IV trading resumes
LXEO

Hot Stocks

09:36 EST Lexeo Therapeutics Inc trading resumes
BIRK

Hot Stocks

09:35 EST Birkenstock Holdings PLC trading resumes
PBLA

Hot Stocks

09:34 EST Panbela Therapeutics down 6% on post-split basis at $8.13 - Panbela Therapeutics shares resumed trading following a trading halt ahead of the company announcing the publication of data from studies of CPP-1X. Shares are down 6% in early trading at $8.13 on adjusted basis after the company had entered into 1-for-20 reverse stock split effective this morning.
DIS

Hot Stocks

09:33 EST Peltz says promises Iger made when rejoining Disney board 'have not been kept'
MCAF

Hot Stocks

09:31 EST Mountain Crest Acquisition Corp IV trading halted, volatility trading pause
LXEO

Hot Stocks

09:31 EST Lexeo Therapeutics Inc trading halted, volatility trading pause
DIS

Hot Stocks

09:31 EST Peltz says goal is to work with Disney CEO Bob Iger
BIRK

Hot Stocks

09:30 EST Birkenstock Holdings PLC trading halted, volatility trading pause
DIS

Hot Stocks

09:30 EST Peltz says can't continue giving Disney more opportunities to improve
COSM

Hot Stocks

09:30 EST Cosmos Health completes acquisition of ten-drug portfolio - Cosmos Health has completed the acquisition of the licenses and rights of a comprehensive portfolio of 10 generic drugs from a related party for EUR 3.2 million, or approximately $3.5 million at today's exchange rate. This strategic acquisition significantly enhances Cosmos Health's pharmaceutical portfolio. The selected drugs have been chosen for their efficacy in addressing a variety of health issues, including treatments for diabetes, cholesterol, respiratory, and cardiac conditions, among other critical health areas. This diverse selection underlines Cosmos Health's unwavering commitment to providing diverse medical needs through comprehensive, patient-centric healthcare solutions, catering to the specific needs of patients across multiple medical domains. All medicines will be manufactured at the facilities of the Company's wholly-owned subsidiary, Cana Laboratories.
DIS

Hot Stocks

09:27 EST Trian intends to work with Disney board to drive outperformance - The firm said, "Put very simply, Trian intends to work with the Board to help drive Disney's outperformance with tangible targets, goals, and true accountability: Corporate Governance: Disney's Current Path: Preserve as much of the status quo as possible by playing defense - evidenced by limited changes to compensation and succession processes; Trian's Goals & Initial Perspectives: Adopt best-in-class governance; finally complete a successful CEO succession; and align management pay with performance. Streaming Profitability: Disney's Current Path: "Focused on achieving significant and sustained profitability" - no guidance or tangible targets beyond breakeven; Trian's Goals & Initial Perspectives: Target and achieve Netflix-like margins of 15-20% by FY 2027. Future of ESPN: Disney's Current Path: "Building ESPN into the preeminent digital sports platform" - lacking a tangible business plan or defined cost to shareholders; Trian's Goals & Initial Perspectives: Commit to a reasonable, defined payback period and return profile on ESPN Flagship DTC and communicate it in detail prior to launch. Studio Creativity: Disney's Current Path: "Improving the output and economics of our film studios"; Trian's Goals & Initial Perspectives:Board-led review of creative processes and structure to restore leadership accountability and reclaim #1 box office position w/ leading economics. Parks and Experiences Growth: Disney's Current Path: "Strategically investing in our Experiences business to turbocharge growth"; Trian's Goals & Initial Perspectives: Execute on a clear vision for Parks targeting at least high-single digit operating income growth to ensure adequate returns on ~$60bn of capex."
MDC

Hot Stocks

09:21 EST Sekisui House to acquire M.D.C. Holdings for $4.9B in all-cash transaction - Sekisui House and M.D.C. Holdings announced a definitive agreement pursuant to which a wholly-owned subsidiary of Sekisui House will acquire MDC in an all-cash transaction with an equity value of $4.9B. Subject to and in accordance with the terms and conditions of the agreement, MDC shareholders will receive $63.00 per share in cash, which represents an approximately 19% premium to MDC's closing stock price on January 17, 2024, the last trading day prior to announcing the transaction, and an approximately 41% premium to MDC's 90-day volume-weighted average trading price. Closing of the acquisition is expected in the first half of 2024, subject to certain conditions, including approval of the merger by MDC's stockholders, regulatory approvals and other customary conditions. The transaction is not subject to a financing condition. Larry Mizel and David Mandarich and certain of their respective affiliates and estate planning vehicles, who beneficially own approximately 21.2% of MDC's shares, have entered into an agreement, among other things, to vote in favor of the transaction subject to and in accordance with the terms and conditions set forth therein.
DIS

Hot Stocks

09:20 EST Trian files preliminary proxy statement for Disney's 2024 Annual Meeting - Trian Fund Management filed a preliminary proxy statement with the Securities and Exchange Commission in connection with its nomination of Nelson Peltz and James Rasulo for election to the Disney Board of Directors at the Company's 2024 Annual Meeting of Shareholders. "It is unfortunate that a company as iconic as Disney and with so many challenges and opportunities has refused to seriously engage with us, its largest active shareowner, about board representation," said Nelson Peltz, Trian's CEO. "Instead of having a boardroom that would include directors with an 'ownership mentality' that can bring fresh perspectives to the Company's challenges, Disney is resisting change and asking shareholders to endorse a Board comprised mainly of legacy directors who have repeatedly failed to properly plan for CEO succession, misaligned the incentives of management, and failed to oversee or drive a strategy to get the streaming business to profitability or the studios to produce good content. Are Disney shareholders really to believe the current Board is able to heal these self-inflicted wounds? We respectfully believe the answer to that question is 'no' and we will seek the support of shareholders for meaningful change in the Board's composition. It is time to 'Restore the Magic' at Disney."
DIS

Hot Stocks

09:19 EST Disney needs to invest more in parks, competition getting 'keener,' Peltz says - Trian's Nelson Peltz is being interviewed on CNBC to discuss his proxy fight with Disney for representation on the company's board.
DIS

Hot Stocks

09:17 EST Disney board oversight 'awful,' Trian's Peltz says
DIS

Hot Stocks

09:16 EST Trian's Peltz 'loves' Disney, 'saddened' board didn't welcome his help - Trian's Nelson Peltz is being interviewed on CNBC to discuss his proxy fight with Disney for representation on the company's board.
EXPI

Hot Stocks

09:06 EST eXp World Holdings' Luxury solidifies expansion into international markets - eXp Realty, "the most agent-centric real estate brokerage on the planet" and a core subsidiary of eXp World Holdings, announce the expansion of its luxury real estate program, eXp Luxury, into several vibrant international markets across Europe including Portugal, Spain, France, Italy, Germany and Greece. This strategic move further strengthens the company's global presence and underscores its commitment to delivering unparalleled excellence in global luxury real estate. With this expansion, more eXp Luxury agents will have the opportunity to unlock a range of benefits designed to empower their growth, including: Exclusive partnerships that offer the opportunity to showcase exceptional listing campaigns; Highly customized design center that offers elevated brand aesthetics; Learning events and networking opportunities that foster professional growth
GROV

Hot Stocks

09:06 EST Grove Collaborative appoints Scott Giesler as General Counsel - Grove Collaborative Holdings announced the appointment of Scott Giesler as General Counsel. Joining the executive leadership team, Mr. Giesler will report to Jeff Yurcisin, Chief Executive Officer. In this position, Mr. Giesler will oversee the Company's overall legal function
STSS

Hot Stocks

09:05 EST Sharps Technology signs LOI with Roncadelle Operations - Sharps Technology and Roncadelle Operations signed a Letter of Intent, LOI, to enter into a sales and marketing agreement which would enable the Company and Roncadelle to cooperatively sell and distribute each other's products to their respective areas of influence and expand Sharps' American-based product market into Europe, the Middle East, Africa, and the Asia-Pacific region. The LOI was inked on January 16 and will be celebrated at the upcoming Pharmapack 2024 event in Paris later in the month. The LOI is subject to the negotiation of definitive documentation between the parties. Accordingly, there can be no assurance that the parties will enter into a definitive agreement. "We are excited about this opportunity to collaborate with Roncadelle, a premier manufacturer of smart safety syringes and a leader in the development of drug delivery systems, to expand both our solution offerings in the U.S. and our reach into the world market," commented Sharps Technology CEO Robert Hayes. "This agreement would be very beneficial for both companies."
SBGI

Hot Stocks

09:04 EST Sinclair Broadcast and NCTC announce renewal of long-term distribution agreement - Sinclair announced that it has renewed its distribution agreement with the National Content & Technology Cooperative a not-for-profit corporation whose members serve one-third of all broadband and video connected households in the U.S. and its territories The agreement allows NCTC's member companies to opt into a multi-year retransmission consent agreement for Sinclair's owned/operated local stations. The renewal also includes an agreement for Sinclair-owned Tennis Channel. NCTC represents almost 700 cable and broadband operators in all 50 states, and negotiating carriage agreements with content providers is among the many services it provides. "We are pleased to renew our agreement with NCTC, keeping our local broadcast stations and Tennis Channel available to the many independent cable system operators across the country, who provide a vital function, often serving the rural and underserved communities across the US," said Will Bell, Sinclair's SVP and Head of Distribution and Network Relations.
TTOO

Hot Stocks

09:04 EST T2 Biosystems announces participate in NIJ-funded ARLG pilot study - T2 Biosystems announced participation in the NIH-funded Antibacterial Resistance Leadership Group, ARLG, pilot study for pneumonia patients. The Pneumonia Direct Pilot study is a prospective, observational, diagnostic, feasibility study to determine the accuracy of multiple pathogen- and host-directed tests for the diagnosis of ventilator-associated pneumonia. Under the direction of Kimberly Hanson, M.D., University of Utah, the study seeks to explore new approaches for diagnosing VAP along with more comprehensive detection of antibiotic-resistant infections. The feasibility design is intended to inform future interventional studies that will investigate the clinical impact of combined pathogen and host-directed testing approaches. In the pilot study, the FDA-cleared T2Bacteria Panel and the T2Resistance(R) Panel, included as one of the pathogen directed platforms, will be evaluated for the ability to rapidly detect infections in the blood currently missed by conventional methods. The T2 sample testing for the multi-center study will be performed at Johns Hopkins Medicine laboratories. The extremely low level of detection by T2 Biosystems' technology in whole blood has been effective in detecting secondary infections.
EDBL

Hot Stocks

09:03 EST Edible Garden receives OSHA grant from Michigan OSHA - Edible Garden has received a grant from the Michigan Occupational Safety and Health Administration. The goal of the program is to create a safer and healthier work environment and reduce the risk of injury and illness to workers in Michigan.
ABT

Hot Stocks

09:03 EST Abbott announces first procedures using its Volt Pulsed Field Ablation - Abbott announced the first global procedures have been conducted using the company's new Volt Pulsed Field Ablation, or PFA, System to treat patients battling common abnormal heart rhythms such as atrial fibrillation, or AFib. Over 30 patients were recently treated in Australia as part of Abbott's Volt CE Mark study, a pre-market, multi-center clinical study designed to evaluate the safety and effectiveness of Abbott's Volt PFA System. In addition to upcoming procedures in markets across Asia Pacific and Europe, Abbott anticipates approval for its U.S. clinical trial, or IDE, for the Volt PFA System in the first half of this year. Historically, patients requiring a cardiac ablation procedure to treat conditions like AFib received radiofrequency, or RF, ablation, which uses heat to destroy tissue responsible for erratic heart signals, or cryogenic ablation, which freezes tissue. Instead of heat or extreme cold, PFA uses high energy electrical pulses to destroy the cells causing abnormal heart rhythms, which can reduce the risk of damaging adjacent tissue in patients with complex disease or anatomy. First-generation PFA systems have required multiple ablations with the catheter positioned in various locations to effectively treat targeted tissue.
KIQ

Hot Stocks

09:02 EST Kelso Technologies' KIQ X Industries establishes Phase-One production facility - Kelso Technologies reports that its wholly owned subsidiary KIQ X Industries is establishing an initial Phase-One production facility with additional leased space at its current research and development facility in West Kelowna, BC, Canada. This Phase-One production facility is being designed and tooled to convert different classes of heavy duty "host" vehicles with the Company's patents pending proprietary Automated Traction Optimization Method for Vehicle Suspension Systems. These vehicles are targeted to be sold to customers operating in extreme terrain environments who have specified their custom user case requirements utilizing the Company's Method technologies. Once completed the Phase-One facility is expected to have a production capacity potential to facilitate approximately $25 million of annual revenue commencing in late 2024. With the assistance of the landlord, the current facility can be scaled to meet long term production volumes to service in excess of $100 million per year at the same location. The facility will house R&D, Phase-One production and an on-site test track.
LRHC

Hot Stocks

09:02 EST La Rosa Holdings opens office in Tampa Bay area - La Rosa Holdings announced the opening of its 37th office, located at Westshore International Plaza in Tampa, Florida. La Rosa and its franchisees now have offices across six states, including California, Georgia, New York, South Carolina, Texas, and Florida, as well as offices in Puerto Rico. The Company applied for a real estate license for its office in Tampa and is awaiting its approval by Florida Real Estate Commission. In addition to providing person-to-person residential and commercial real estate brokerage services, the Company cross-sells ancillary technology-based products and services primarily to its sales agents and the sales agents associated with its franchisees. The Company believes it has a unique brokerage model that offers real estate agents the option of a revenue share model or an annual fee-based model with 100% agent commissions.
SYRA

Hot Stocks

09:01 EST Syra Health announces $480,000 contract from Indiana Department of Health - Syra Health announced a one-year, $480,000 contract from the Indiana Department of Health to administer public health and healthcare readiness assessments. Under the agreement, Syra Health's public health experts will be evaluating how existing hazards and risks impact public health, public health infrastructure, and behavioral health within the state of Indiana.
AJG

Hot Stocks

09:01 EST Arthur J. Gallagher acquires The Rowley Agency for undisclosed amount - Arthur J. Gallagher & Co. announced the acquisition of Concord, New Hampshire-based The Rowley Agency. Terms of the transaction were not disclosed. The Rowley Agency is a retail insurance broker providing property/casualty, surety and employee benefits products to commercial and personal lines clients primarily in New Hampshire, Vermont, Maine and Massachusetts. Dan Church, Gary Stevens and their team will remain in their current location under the direction of Brendan Gallagher, head of Gallagher's Northeast region retail property/casualty brokerage operations, and John Neumaier, head of Gallagher's East region employee benefits consulting and brokerage operations.
VRSK

Hot Stocks

08:48 EST Verisk Analytics announces MSP Navigator on Duck Creek Content Exchange - Verisk announced MSP Navigator is the latest Verisk product to be made available on Duck Creek's Content Exchange. MSP Navigator provides casualty insurers with an efficient solution for Section 111 reporting, and they can benefit from the advanced automated reporting and analytical capabilities of the platform, facilitating compliance and avoiding civil monetary penalties. Verisk's proprietary platform offers a simple, effective method to identify Medicare beneficiaries for timely and accurate reporting of ongoing responsibility for medical treatment, settlements, judgments, awards, or other payments to the Centers for Medicare & Medicaid Services as required by Section 111 of the Medicaid & Medicare SCHIP Extension Act of 2007.
CNSP

Hot Stocks

08:47 EST CNS Pharmaceuticals appoints Amy Mahery to board of directors - CNS Pharmaceuticals has appointed Amy Mahery to its Board of Directors, effective upon completion of a financing. Mahery currently serves as the Chief Commercial Officer of Roivant Science.
PODC

Hot Stocks

08:46 EST PodcastOne renews agreement with 'Our Fake History' podcast - PodcastOne has renewed the exclusive sales and distribution rights for Our Fake History podcast. The bi-weekly podcast enters its 9th season and in addition to historically educational original programming will also feature releases of fan favorite classic episodes. Our Fake History is set to air its 200th episode in March of this year.
VEV

Hot Stocks

08:45 EST Vicinity Motor says order backlog exceeded $150M as of Sept. 30 - Vicinity Motor issued a letter to shareholders from CEO and Founder William Trainer, which read in part, " 2023 was a year of diversification and expansion for Vicinity, underscored by the success of the VMC 1200 product line and ongoing growth in the electric vehicle (EV) market, bolstered by a growing cadence of sales momentum across all of our product lines. In 2008, we set out with a vision to set us apart from other bus manufacturers in North America by focusing on the "mid-size" bus range with our Vicinity bus product line. Today, we have evolved to capture a leading position in the EV market with an expanding portfolio of electric buses and trucks to lead fleets across North America into a more sustainable future. Late last year we commenced operations at our newly constructed, state-of-the-art, 100,000 square foot U.S. Manufacturing Campus in Ferndale, Washington. Operations at the Ferndale Campus will include vehicle assembly and upfitting, "Buy America" compliant assembly, pre-delivery inspections, research and development, as well as general technical and servicing work. Less than 20 miles south of VMC's headquarters in Aldergrove, B.C., the campus also improves access to nearby port, rail and truck shipping and receiving infrastructure. The Ferndale Campus was designed to meet our current and future production needs with an annual assembly capacity of up to 6,250 VMC 1200 all-electric trucks. At our grand opening ceremony, Washington State Governor Jay Inslee was in attendance and applauded Vicinity for supporting fleet operators' decarbonization initiatives alongside economic diversification and job growth for the region's skilled workforce...Taken together, we have assembled one of the most comprehensive commercial EV product portfolios in existence today. Our efforts have set the stage for a strong 2024 with ongoing sales initiatives across our vehicle lines and a strong cadence of new dealership growth in North America. Order backlog as of September 30, 2023 exceeded $150 million - the vast majority of which are for electric vehicles. We are currently laser focused on operational execution as we ramp up production in Ferndale to address the significant demand we see in the marketplace today. Looking ahead - with improving margins, a growing sales funnel and record backlog - we are positioning Vicinity for an exceptional 2024. Market fundamentals and strong macro-economic tailwinds continue to support commercial EV adoption and our underlying business strategy. Government incentives, corporate sustainability goals and declining cost of ownership are translating into surging EV adoption rates as fleet customers in North America continue to accelerate their electrification efforts. Vicinity is well positioned to be the commercial EV supplier of choice for many."
DOOO

Hot Stocks

08:44 EST BRP announces changes to Powersports and Marine organizational structures - BRP announces some changes to its Powersports and Marine organizational structures aiming at maximizing efficiencies and operational excellence, while leveraging its leaders' expertise to better position the Company for long-term growth. The Powersports and Marine Groups are combined under one leadership to ensure stronger alignment and focus, create synergies and enable the teams to leverage functional expertise stemming from both commercial businesses. This change further solidifies BRP's dedication to driving sustained profitable growth while delivering a compelling value proposition to its network of dealers and distributors. Sandy Scullion, currently President, Powersports Group, is appointed to the position of President, Powersports and Marine. In this position, Scullion will assume P&L responsibility for both businesses with direct oversight on Global Retail and Services. With his 30 years of experience at BRP, Scullion is a seasoned and visionary leader who has a deep understanding of the business and the market globally. Furthermore, to maximize efficiencies and elevate operational excellence, BRP is combining the Manufacturing Operations for the Powersports and Marine Groups under the leadership of Patrick Dussault. Dussault, who was already leading the manufacturing operations for Powersports, is therefore appointed to the position of Executive Vice-President, Global Manufacturing Operations, Powersports and Marine. As a result, Dussault becomes a member of the Executive Leadership Team of BRP. Since taking over the leadership of the Marine Group back in 2023, Bernard Guy made significant strides in positioning the business for success, namely by raising the bar to ensure the production facilities are ready to manufacture high-quality boats and pontoons. Guy is now refocusing on his primary role as Executive Vice-President, Global Product Strategy, Powersports and Marine.
ARWYF

Hot Stocks

08:42 EST ARway.ai announces contract expansion with Localiza Rent a Car - ARway.ai announced its contract has been extended after the completion of a pilot deployment at Congonhas Airport in Sao Paulo, in partnership with Localiza Rent a Car. This deployment, completed in December 2023, marks a significant milestone in enhancing the travel experience for car rental customers. Localiza Rent a Car is the largest car rental network in South America, with 540 locations in 9 countries. Localiza has extended its contract with ARway.ai for 2024 on a subscription-based model.
TLPH

Hot Stocks

08:41 EST Talphera announces $26M capital commitment - Talphera announced a total of $26M of committed capital including $8M from a partial monetization of DSUVIA royalties and milestones, $6M of equity issued at a first closing, $10M of committed capital upon the announcement of positive NEPHRO registration trial data, and an additional $2M if Talphera stock trades above a specified price following the NEPHRO registration trial announcement. The equity issuance transaction with Nantahala Capital and Rosalind Advisors totals $18M, with $6M at the first closing, $10M at the second closing upon Talphera announcing the achievement of the NEPHRO registration trial's primary endpoint and a statistically significant secondary endpoint of mean post-filter activated clotting time composed of measurements made in the first 72 hours, and an additional $2M should Talphera stock trade at a price of at least 92c per share for 5 days after the announcement of the NEPHRO registration trial data. At closing, expected on January 19 Abhinav Jain of Nantahala Capital Management will join Talphera's Board of Directors, further strengthening Talphera's Board. Talphera will issue 7,792,208 pre-funded warrants in lieu of shares to purchase common stock at a price of 76.9c per share at the first closing of the transaction. The warrants will have an exercise price of 0.1c per share, for a total purchase price per share of common stock of 77c. Talphera expects to issue 12,987,013 pre-funded warrants in lieu of common stock at a price of 76.9c per share at a second closing upon the achievement of the Pivotal Trial Milestone, and 2,597,403 pre-funded warrants in lieu of common stock at a price of 76.9c per share upon the achievement of the Price Milestone. In addition, Talphera will amend certain Series A common stock warrants to purchase up to 2,941,178 shares of common stock and certain Series B common stock warrants to purchase up to 2,941,178 shares of common stock previously issued to Nantahala and Rosalind in July 2023, to lower the exercise price of such warrants to $0.77 per share. The total additional capital available to the Company should all outstanding Series A and Series B common stock warrants be exercised is $14.4M. Talphera has completed a partial monetization of its DSUVIA royalties and milestones with XOMA for $8M. Talphera expects the committed funding to provide sufficient capital to fund Talphera through a potential approval of Niyad, targeted in the first half of 2025. Talphera expects the top-line data read-out of its NEPHRO registration trial in the third quarter of 2024, with an expected pre-market approval application submitted before the end of 2024. Talphera preliminary cash balance at the end of 2023 totaled approximately $9.4M. Cash operating expenses, or selling, general and administrative, and research and development expenses, excluding stock-based compensation, is expected to be in the range of $21M-$23M in 2024, which includes the initiation and expected completion of the NEPHRO registration trial during the year.
SOAR

Hot Stocks

08:41 EST Volato partners with Banyan Air Service in Southeast for HondaJet maintenance - Volato announced a strategic agreement with Banyan Air Service to expand HondaJet maintenance at Volato's primary operational base. As part of the agreement, Banyan has subleased Volato's hangar at the Northeast Florida Regional Airport in St. Augustine, Florida, to provide full-scale maintenance services for Volato's growing fleet of HondaJets. The move is Banyan's first venture outside of Fort Lauderdale and marks the establishment of an additional authorized HondaJet service facility in the state of Florida. The integration of services commenced on January 2nd, with the initial sublease term set for three years. Additionally, Banyan has absorbed Volato's existing maintenance staff and plans to hire up to eight additional maintenance roles in 2024. "We are thrilled to partner with Banyan, increasing maintenance capacity for our expanding HondaJet fleet in the Southeast right in our own backyard," said Matt Liotta, Co-Founder and CEO of Volato. "This initiative streamlines Volato's operations and will support our fleet expansion, delivering both operational efficiency and cost savings compared to our previous in-house maintenance."
LQR

Hot Stocks

08:41 EST LQR House announces marketing partnership featuring Pinaq Spirits - LQR House announces a new collaboration with Pinaq, a spirits brand, starting on February 1, 2024. The goal of this strategic partnership is to amplify awareness and generate sales on LQR House's ecommerce marketplace. This is achieved as the Company directs all marketing campaigns to its website, CWSpirits.com.
DTST

Hot Stocks

08:40 EST Data Storage appoints Stein to board of directors - Data Storage Corporation announced that it has appointed Clifford Stein to serve on its Board of Directors. Stein previously served as a member of the Board of Directors from 2010 to 2020. Stein is currently the Chief Executive Officer of Savitar Realty Advisors, which he founded in 1987.
SGN

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08:39 EST Signing Day announces schedule for 2024 U.S. Army Bowl National Combine Series - Signing Day Sports announced an extensive schedule of events as National Recruiting Partner for the 2024 U.S. Army Bowl National Combine Series as part of its ongoing extensive collaboration with The U.S. Army Bowl. The U.S. Army Bowl National Combine Series, encompassing 21 events over the next five months, will showcase the skills of over 4,000 emerging student-athletes. Student-athlete participation in the combines is required for selection for the iconic 2024 U.S. Army Bowl game. With an anticipated turnout of at least 200 student-athletes at each combine, these events will not only provide participants recruitment exposure and prospects, but also promote the Signing Day Sports app directly to many new users. All participants will be given access to the app's capabilities, advantages, and growing ecosystem to aid in their recruiting and development.
BLIN

Hot Stocks

08:39 EST Trusted Choice selects Bridgeline's WooRank SEO index - Bridgeline Digital announced that Trusted Choice selected Bridgeline's WooRank SEO Index to increase their membership and attract more customers for their members. The WooRank Index will enhance membership growth for Trusted Choice by offering a bird's-eye view of SEO performance across all associated member websites. With over 10,000 independent insurance agents and brokers nationwide, the association will use WooRank to run SEO audits for each member website, and then display insights for association members within a searchable index. Members will be able to monitor SEO trends, set benchmarks for emerging technologies, and understand competitive advantages within the industry using the index. Ari Kahn, CEO of Bridgeline, stated, "Trusted Choice's integration of WooRank Enterprise is a huge improvement in the SEO landscape for its extensive network of agent members. By initiating SEO audits across over 10,000 member websites, they're elevating each site's performance while enriching the collective online strategy of the association. This approach is invaluable in the competitive insurance sector, offering insights into localized SEO trends, new technologies, and competitor advantages. It's a strategic game-changer for those in the insurance industry seeking to drive more traffic to their business."
ADIL

Hot Stocks

08:38 EST Adial Pharmaceuticals appoints Goodman as Chief Operating Officer - Adial Pharmaceuticals announced the appointment of Tony Goodman as Chief Operating Officer. A highly accomplished pharmaceutical industry executive and member of Adial's Board of Directors since 2017, Goodman will oversee the Company's strategic growth initiatives, including clinical development and commercial planning for AD04, as well as business development initiatives focused on partnership opportunities in the area of addiction treatment. He will continue to serve on Adial's Board.
BNZI

Hot Stocks

08:38 EST Banzai enters non-binding LOI to acquire Cliently, terms not disclosed - Banzai International signed a non-binding letter of intent to acquire Cliently, an AI-driven sales engagement solution revolutionizing personalized outreach. The announcement follows the recently announced LOI to acquire IGLeads, which acquisition would foster Banzai's customer acquisition capabilities. With the proposed acquisition of Cliently, Banzai would be acquiring an AI-powered sales engagement platform. Cliently would be integrated with other Banzai products including Reach, Demio, and IGLeads. Cliently's platform automates multi-channel sales sequences, enabling a single marketing manager to execute lead generation campaigns at the scale of a full Sales Development team. This approach accelerates sales cycles and boosts conversion rates while substantially reducing the cost and management overhead of traditional Sales Development teams.
LMFA

Hot Stocks

08:37 EST LM Funding mined 108 bitcoin in three months ended December 31 - Funding America provided a preliminary, unaudited Bitcoin mining update for the three and twelve months ended December 31, 2023. Bruce Rodgers, Chairman and CEO of LM Funding, stated, "We continue to make steady progress in our Bitcoin mining operations. In the fourth quarter alone, we mined 108.0 Bitcoin. Over the same time period, the Company sold 103.0 Bitcoin, generating approximately $3.4 million in proceeds. We continue to strategically reinvest the proceeds of our Bitcoin sales back into the business as we position the Company for the upcoming Bitcoin halving event anticipated to occur during the first half of 2024."
META

Hot Stocks

08:37 EST Sheryl Sandberg will not stand for re-election to Meta's board - In a regulatory filing, Meta Platforms confirmed that on January 16, Sheryl Sandberg notified the company that she has decided not to stand for re-election to the company's board of directors at the company's 2024 Annual Meeting of Shareholders. Sandberg will continue to serve as a director until the date of the Annual Meeting, Meta noted.
SRZN

Hot Stocks

08:37 EST Surrozen sees cash runway into 2025 - $43.4 million in cash, cash equivalents, and marketable securities as of September 30, 2023 resulting in cash runway into 2025
MS

Hot Stocks

08:36 EST Morgan Stanley CEO tells CNBC U.S. is likely past peak inflation
SRZN

Hot Stocks

08:35 EST Surrozen prioritizes development of SZN-043 for alcohol-associated hepatitis - SZN-043 is the first development candidate using Surrozen's SWEETS technology. Surrozen is developing SZN-043 for severe liver diseases, initially focusing on alcohol-associated hepatitis. The Company expects to announce safety and pharmacodynamic data from SZN-043 Phase 1a clinical trial in patients with chronic liver disease and in healthy volunteers in Q1 2024. The company anticipates enrolling patients with alcohol-associated hepatitis in a Phase 1b clinical trial in 2024 and expects that proof-of-concept data from this trial may be available in the second half of 2024.
XOMA TLPH

Hot Stocks

08:35 EST Xoma expands commercial royalty, milestone portfolio with DSUVIA acquisition - XOMA Corporation (XOMA) announced it has acquired an economic interest in DSUVIA from Talphera (TLPH) for $8 million. DSUVIA was approved in 2018 by the U.S. Food and Drug Administration, FDA, for use in adults in certified medically supervised healthcare settings. In April 2023, Talphera divested DSUVIA to Alora Pharmaceuticals for an upfront payment, a 15 percent royalty on commercial net sales, a 75 percent royalty on net sales to the U.S. Department of Defense, and up to $116.5 million in milestone payments. "The Talphera transaction is consistent with XOMA's business model of acquiring royalty economics that we believe offer attractive and asymmetric risk/reward profiles. DSUVIA is an important sublingual, single use pain management option addressing moderate-to-severe acute pain when used in actively supervised medical settings. We believe Alora has the resources and expertise to relaunch and successfully commercialize DSUVIA within its expansive pain management portfolio," stated Brad Sitko, Chief Investment Officer at XOMA. "XOMA was able to structure an attractive, non-dilutive royalty solution as an alternative to traditional financing as Talphera repositions its strategy for future growth." Under the terms of the agreement, XOMA will receive 100 percent of all royalties and milestones related to DSUVIA sales until the Company receives $20 million. Thereafter, XOMA fully retains the 15 percent royalty associated with DSUVIA commercial sales, and the 75 percent royalties generated from DoD purchases will be shared equally between XOMA and Talphera, as will the remaining $116.5 million in potential milestone payments due from Alora Pharmaceuticals.
DIN

Hot Stocks

08:35 EST Doherty Enterprises acquires 21 Applebee's restaurants in NY City metro area - Doherty Enterprises announced it has acquired 21 Applebee's restaurants located throughout the New York City metro area. The deal marks a significant strategic move, as Doherty expands its footprint in the restaurant franchise market. The Allendale, NJ-based company has been an Applebee's franchisee since 1993, and today owns and operates 104 Applebee's restaurants in New York, New Jersey, Florida, and Georgia. Through this acquisition, Doherty now ranks 25th in Top 200 Franchisees in the United States by Restaurant Finance Monitor with a portfolio of 160 franchise restaurants across New York, New Jersey, Florida, and Georgia including Applebee's, Panera Bread, and Chevys Fresh Mex. They additionally own two restaurant concepts, Shannon Rose Irish Pub and Spuntino Wine Bar, and operate a combined four restaurants under these two brands.
SRZN

Hot Stocks

08:34 EST Surrozen to discontinue clinical development of SZN-1326 in IBD - Surrozen announced that enrollment for the SZN-043 Phase 1a clinical trial in patients with chronic liver disease and healthy volunteers is complete. The Company expects to release safety and pharmacodynamic data in Q1 2024. In addition, Surrozen anticipates initiating enrollment in the Phase 1b portion of the study in patients with alcohol-associated hepatitis soon with proof-of-concept data from the study potentially available in the second half of 2024. Following the completion of the Phase 1 single ascending dose clinical trial for SZN-1326, the Company will discontinue development of SZN-1326 in inflammatory bowel disease. The decision was based on the challenges of identifying a safe and potentially effective dose along with strategic considerations including the significant clinical development expenses and market competition in IBD. SZN-1326 has been evaluated in a Phase 1 single ascending dose clinical trial in 37 healthy volunteers in doses ranging from 0.01mg to 25mg. Several subjects at higher dose levels experienced asymptomatic liver transaminase elevations, including four subjects with grade 3 ALT and AST elevations. The Company previously reported that 3 of these 4 subjects had grade 3 ALT and AST elevations in 2022. No other clinically significant laboratory abnormalities were observed, and the transaminase elevations resolved spontaneously in all subjects. No serious adverse events were observed during the study. While no safety signal was observed at lower doses, lower dose levels would not be expected to activate Wnt signaling and produce a pharmacologic effect in the intestine. "Although the decision to discontinue the SZN-1326 inflammatory bowel disease development program is disappointing, we want to thank the subjects, our collaborators and the medical professionals who participated and helped advance our understanding of Wnt mimetics," said Craig Parker, President and Chief Executive Officer of Surrozen. "One of the compelling aspects of Wnt biology and our technologies is the potential to apply them across a range of potential tissues and diseases. Importantly, SZN-043 represents a different antibody technology and approach to modulating Wnt signaling compared to SZN-1326. Given the potential challenges in IBD and attractive opportunities in other areas, we are excited to continue to progress SZN-043 for alcohol-associated hepatitis, advance our pipeline of research stage programs and support our collaboration with Boehringer Ingelheim to advance SZN-413 into development."
INBS

Hot Stocks

08:33 EST Intelligent Bio Solutions announces Robinson Brothers using IFDS system - Intelligent Bio Solutions announced that Robinson Brothers, one of the UK's largest independent chemical manufacturers, is now using its revolutionary portable Intelligent Fingerprinting Drug Screening, IFDS, System to support its drug and alcohol testing policy, "As a 24/7 manufacturing operation, Robinson Brothers clearly appreciated the flexibility that sweat-based drug testing provides, giving the HR team the ability to screen employees whenever they need to," added Harry Simeonidis, President and Chief Executive Officer at Intelligent Bio Solutions. "What's clear is that our portable, non-invasive system takes the complexity out of workplace drug testing and is increasingly replacing traditional workplace testing methods using urine and saliva."
HALO

Hot Stocks

08:33 EST Halozyme announces approval for Vydura in Japan - Halozyme Therapeutics announced that argenx received approval from Japan's Ministry of Health, Labour and Welfare, or MHLW, for VYVDURA injection co-formulated with Halozyme's ENHANZE drug delivery technology for subcutaneous, or SC, use for the treatment of adult patients with generalized myasthenia gravis, or gMG, who do not have sufficient response to steroids or non-steroidal immunosuppressive therapies. The approval of VYVDURA is based on positive results from the Phase 3 ADAPT-SC study. ADAPT-SC established the efficacy of VYVDURA by demonstrating a reduction in percent change from baseline in total immunoglobulin G levels comparable to VYVGART IV in adult gMG patients. ADAPT-SC was a bridging study to the Phase 3 ADAPT study, which formed the basis for approval of VYVGART in Japan in January 2022. VYVDURA is the brand name in Japan for what is branded as VYVGART Hytrulo in the U.S.
WNW

Hot Stocks

08:32 EST Meiwu Technology regains compliance with Nasdaq listing requirements - Meiwu Technology announced on January 9, 2024, it received notice from the NASDAQ Office of General Counsel that the bid price deficiency of Meiwu's ordinary shares has been cured, and Meiwu has regained compliance with NASDAQ Marketplace Rule 5550(a)(2). As a result, a previously scheduled hearing with the NASDAQ Hearing Panel has been deemed moot and will not be held. Meiwu's ordinary shares will continue to be listed and traded on The Nasdaq Stock Market.
DBGI

Hot Stocks

08:32 EST Digital Brands to open 50 retail stores over next several years - Digital Brands Group announces that it plans to open 50 retail stores over the next several years, which will be funded by its internal free cash flow. DBG has been reviewing store locations and leases with several large-scale retail developers. DBG believes retail stores will drive significant brand awareness, lower cost customer acquisition and higher average basket size and customer retention. Based on the store metrics in these developments, DBG forecasts the stores to generate over $1.5M annually per store with positive store level cash flow. Based on the 50 store openings, DBG forecasts the fleet of stores should generate over $75M annually in revenues and meaningful store level cash flow.
BLNK

Hot Stocks

08:31 EST Blink Charging, McArthurGlen partner for EV chargers - Blink Charging is teaming up with McArthurGlen to provide visitors to the Netherlands-based designer outlet centers, Roermond and Roosendaal, with EV charging as they shop. The two designer outlet communities in the South of the Netherlands attract millions of visitors annually. The Roermond designer outlet has 70 EV Chargers, which will grow to 400 in the next two years, while the Roosendaal designer outlet has 19 EV Chargers, which will grow by six more this year.
VS

Hot Stocks

08:31 EST Versus Systems regains compliance with Nasdaq minimum bid price requirement - Versus Systems announced that it received notice from The Nasdaq Stock Market on January 16, 2024 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. On January 23, 2023, Versus received notice from Nasdaq that the Company was not in compliance with the Rule, as its common shares failed to meet a closing bid price of $1.00 or more for 30 consecutive business days. The Company conducted a 1-for-16 reverse split of its common shares on December 28, 2023 to aid the compliance process. To regain compliance with the Rule, the Company's common shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days. This requirement was met on January 12, 2024.
IXHL

Hot Stocks

08:24 EST Incannex completes dosing, therapy in Phase 2 PsiGAD trial - Incannex Healthcare has completed dosing and treatment protocols for all 72 participants in the PsiGAD-1 clinical trial, the Company's Phase 2 study evaluating its own psilocybin treatment program for patients with generalized anxiety disorder/ PsiGAD-1 is a randomised triple-blind active-placebo-controlled Phase 2 trial. The primary objective of the study is to determine whether a 7-week program of psilocybin-assisted psychotherapy for GAD is superior to active placebo-assisted psychotherapy in decreasing symptoms of GAD, as measured by the change in the Hamilton Anxiety Rating Scale from baseline to week 11. Safety and tolerability were assessed, as well as other secondary objectives of efficacy and quality of life. Incannex commenced the process of drafting an FDA IND application in August 2023 in preparation of the receipt of topline results from the PsiGAD-1 clinical trial, and submission soon thereafter.
HOTH

Hot Stocks

08:23 EST Hoth Therapeutics receives FDA clearance for amendments in HT-001 clinical trial - Hoth Therapeutics announced that it has received FDA clearance to implement a number of protocol amendments to its ongoing clinical trial for HT-001, which is being developed as a potential treatment for cancer patients undergoing treatment of skin toxicities associated with Epidermal Growth Factor Receptor Inhibitors, or EGFRI. The trial is being conducted under Hoth's open Investigational New Drug Application, or IND, for HT-001. This is a randomized, double-blind, placebo-controlled, multi-center Phase 2a dose-ranging study to evaluate the efficacy, safety, and tolerability of HT-001 for treatment of EGFRI-induced skin toxicity. The study will include adult patients receiving EGFRI therapy. The study will be conducted in 2 parallel cohorts: Part 1, an open-label cohort consisting of 12 patients to measure pharmacokinetics of HT 001 gel and Part 2, a randomized, parallel arm study comparing 3 dose strengths of HT-001 gel to placebo. Patients in the randomized cohorts will be randomly assigned to 1 of the 4 treatment arms in a 2:2:2:1 ratio. All patients in both open-label and blinded cohorts will apply the study drug once a day to each area affected with cutaneous toxicity up to 30% body surface area, or BSA, involvement, inclusive of skin, scalp, and nails.
BHC

Hot Stocks

08:22 EST Bausch Health, Solta announce NMPA approval of Thermage FLX, TR-4 Return Pad - Bausch Health and Solta Medical announced the approval of Thermage FLX and the TR-4 Return Pad by China's National Medical Products Administration. The TR-4 Return Pad is not approved for use by the U.S. Food & Drug Administration. Thermage is a non-invasive treatment that uses radiofrequency technology to help tighten and improve the smoothness and texture of the skin's surface to optimize a patient's appearance.
ENFN

Hot Stocks

08:22 EST Enfusion promotes Valeria Gutowski to chief accounting officer - Enfusion announced the internal executive promotion of Valeria Gutowski to the role of chief accounting officer, effective January 15. As chief accounting officer, Gutowski will be responsible for ensuring timely and accurate financial reporting, oversight of SOX 404 compliance, tax, and development and deployment of accounting practices that align with enterprise-wide business strategies. Prior to assuming the role of chief accounting officer, Gutowski served as Enfusion's controller beginning in March of 2022.
MACE

Hot Stocks

08:21 EST Mace Security appoints Kunal Mehta as head of digital marketing - Mace Security International announced the appointment of Kunal Mehta as its new Head of Digital Marketing. In this role, Mr. Mehta will be responsible for overseeing the Company's entire digital marketing strategy and direct-to-consumer growth strategies. Mehta has held previous executive roles including CEO of Punchey, Inc., a privately held VC-backed payment business servicing small and medium enterprises primarily in the automotive industry
DMTK

Hot Stocks

08:21 EST DermTech study shows DMT's effectiveness as rule-out test for all skin types - DermTech reported positive topline results from a study evaluating the foundational gene expression assay component of the DermTech Melanoma Test DMT across all skin types in the real-world clinical setting. The peer-reviewed study entitled, "Non-invasive gene expression analysis rules out melanoma with high negative predictive value regardless of skin phototype" was presented at the Winter Clinical Dermatology Conference . Using follow-up information and biopsy results from a large registry database that also served as the basis for the Company's recently completed Trust 2 Study, this study compared the DMT's performance in patients with Fitzpatrick skin phototypes I-III to its performance in patients with skin phototypes IV-VI . As in prior DMT studies, lesions on acral skin were excluded because the thicker skin on acral sites may interfere with the test's non-invasive sample collection method. "This study demonstrated that regardless of a patient's skin type, the DMT can help clinicians rule out melanoma non-invasively, with an NPV of over 99%," said Loren Clarke, M.D., chief medical officer, DermTech. "A high NPV means a suspicious pigmented lesion that tests negative is unlikely to be a melanoma. The DMT provides genomic information that can help guide biopsy decisions for suspicious pigmented lesions across all skin types."
ALL

Hot Stocks

08:17 EST Allstate Q4 estimated catastrophe losses $68M, pre-tax - The Allstate Corporation announced fourth quarter estimated catastrophe losses, prior year reserve reestimates and implemented rates. Allstate's estimated catastrophe losses were below the $150M reporting threshold for December 2023. Total catastrophe losses for the fourth quarter were $68M, pre-tax. Unfavorable prior year reserve reestimates, excluding catastrophes, totaled $199M in the fourth quarter, with approximately $148M related to personal auto, including costs for claims in litigation. During the month of December, the Allstate brand implemented auto rate increases of 16.5% across 15 locations, resulting in total brand premium impact of 5.0%, which includes the rate increases approved in December by the Departments of Insurance in California, New York and New Jersey. "Allstate continued to make progress on our comprehensive plan to improve profitability. In 2023, rate increases for Allstate brand auto insurance resulted in a premium impact of 16.4%, which are expected to raise annualized written premiums by approximately $4.27B and rate increases for Allstate brand homeowners insurance have resulted in a premium impact of 11.3%, which are expected to raise annualized written premiums by approximately $1.16B," said Jess Merten, Chief Financial Officer of The Allstate Corporation.
PBLA

Hot Stocks

08:17 EST Panbela Therapeutics announces publication of data from studies of CPP-1X - Panbela Therapeutics announces the publication of clinical data from studies of CPP-1X in neuroblastoma. According to Hogarty et al, children with relapsed refractory neuroblastoma have dismal outcomes and new therapeutic options are needed. Data published in the British Journal of Cancer investigated the tolerability and activity of depleting polyamines by high dose CPP-1X and celecoxib in combination with standard of care chemotherapy in heavily pretreated neuroblastoma patients. Results showed that DFMO treatment was well tolerated, and the median time-to-progression was 19.8 months. From the Phase 1 dose range finding study of CPP-1X in heavily pretreated neuroblastoma patients, CPP-1X was well tolerated. The best overall response included 2 partial responses, 4 minor responses, 10 Stable disease, 7 progressive disease and 1 unevaluable. All patients with an overall response of PR or MR sustained this response until stopping or completing protocol therapy. The overall objective response rate was 9% and rate of any response was 26%. At 2 years, PFS for the entire cohort was 29.5%. Notably, three patients completed protocol therapy and remain without disease progression or event at greater than4 years from treatment end in the absence of additional therapy. "We are excited about the publication of these Phase 1 trial results in light of the recent DFMO FDA approval for patients in maintenance therapy. From this dose escalation study, our collaborators were able to demonstrate high dose DFMO is well tolerated and demonstrated activity in patients with heavily pretreated neuroblastoma," said Elizabeth Bruckheimer, PhD, Vice President & Chief Scientific Officer of Panbela. "Moreover, three patients remain alive over four years from treatment end without any additional therapy which suggests that high dose DFMO treatment in combination with chemotherapy may be a potential treatment option for this high unmet need population."
OBNNF

Hot Stocks

08:16 EST Osisko Mining turns power on at Windfall site - Osisko Mining provided the following corporate updates on the Corporation's activities for 2024. The 85 km long 69 kV hydro-electric power line built, owned and operated by the Waswanipi Cree First Nation has been completed on schedule, and grid power has successfully been connected to the Windfall Project. The use of hydroelectricity at the Windfall Project marks the switching over from diesel generated electricity to operate the camp and underground infrastructure and will significantly reduce both power costs and greenhouse gas emissions at the site. Osisko has begun a 35,000 meter drill program on the Urban-Barry properties as part of its 70% earn-in option with Bonterra Resources/ The program will initially focus on the Moss showing, located five kilometres south-west along strike from the Windfall gold deposit, where an historical intercept of high-grade mineralization in prior Bonterra drilling has been interpreted by Osisko's exploration team to potentially represent the Lynx mineralized system seen at the Windfall Project. Regional exploration also continues on Windfall Mining Group's claim package with an additional 30,000 metres of drilling targeting potential gold-bearing structures including the extension of the Bank fault and porphyritic intrusions associated with favorable alterations. The Windfall Environmental Impact Assessment review process by the COMEX is ongoing, and the Corporation is expecting WMG to receive the first round of questions in the coming months. In parallel, the Corporation expects to finalize the Windfall Impact and Benefits Agreement with the Cree First Nation of Waswanipi and the Cree Nation Government in 2024.
WKSP...

Hot Stocks

08:15 EST Worksport announces SOLIS solar truck cover to be available for Ford, RAM, GM - Worksport (WKSP) announces that the SOLIS Solar Cover will be available for Ford (F), RAM (STLA) and General Motors (GM) light pickup trucks. Simultaneous with this message, Worksport announces it has successfully placed its first substantial order of solar panels, specifically designed for the SOLIS Solar Cover. The first shipment of advanced solar panels is expected to arrive within a few months - between January and February 2024. This represents a critical step in bringing this innovative technology to market. Upon arrival, the panels will undergo final quality testing, ensuring they meet the Company's high standards for performance and reliability.
LSPD

Hot Stocks

08:13 EST Lightspeed announces new partnership with GreatLIFE - Lightspeed Commerce announced a new partnership with GreatLIFE Golf & Fitness, an industry-leading Multi-Course Operator, MCO. Through this partnership Lightspeed will provide courses in GreatLIFE's portfolio with custom technology solutions that are tailored to their unique operational needs. Powering the world's best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space. The collaboration marks a milestone in the golf technology landscape and highlights Lightspeed's continued commitment to providing cutting-edge solutions for the golf industry. "We are thrilled to welcome GreatLIFE Golf & Fitness into the Lightspeed family," said David Hope, General Manager, Lightspeed Golf. "Our two organizations share a commitment to providing flexible, innovative solutions to the golf industry that empower owners and operators. It's through this commitment that we saw a natural alignment. With this partnership in place, it marks a step forward in our shared vision for accessible, technology-driven golf experiences."
RUM

Hot Stocks

08:13 EST Rumble announces livestream contributions for U.S. federal political campaigns - Rumble, will allow channels affiliated with a candidate running for U.S. federal office to receive "tips", constituting federal campaign contributions, through Rumble during live events. Tipping is a feature that allows fans to make a monetary donation to creators during live streams. This feature will be available to all channels affiliated with a candidate for federal office, regardless of political party or status within the government, and will be available first for Rumble's desktop users. To help facilitate campaigns' disclosures under federal law, Rumble users will be required to provide name, mailing address, occupation, and name of employer. They will also need to certify that the information accompanying the "tip" is true and accurate, that they are a U.S. citizen or lawfully admitted permanent resident and are not a federal government contractor.
GNSS

Hot Stocks

08:13 EST Genasys announces Los Angeles County agreed to 5-year contract - Genasys announced that Los Angeles County has agreed to a 5-year contract that expands Genasys Protect EVAC utilization across the entire county to reduce evacuation time and improve speed of relaying public information to impacted areas. "Our leading-edge, unique evacuation management solution is a revolutionary step in public safety." said Richard Danforth, CEO of Genasys. "Within the last few years, 36 of California's 58 counties have adopted Genasys Protect EVAC and we are committed to the success of LA County."
VSQTF

Hot Stocks

08:11 EST Victory Square portfolio company Stardust Solar provides corporate update - Victory Square Technologies announced that its portfolio company Stardust Solar Technologies shared a corporate update. "Stardust Solar is very excited to announce that we have signed a definitive agreement to merge with CPC BOLD TSX.V! Furthermore, we are pleased to report we surpassed our annual revenue goal of $3M and finished the year with $3,316,502.23 CAD in revenue," said Mark Tadros, CEO of Stardust Solar. Stardust Solar Showed a 50% YOY Revenue Growth in 2023, with $3.3M in Revenues, exceeding $3M revenue goal by 10%. Over 100% Growth in Product Sales & Royalties, reflecting the true growth of the primary revenue streams of the franchise business. 80% Growth in System-Wide Sales in 2023 in Canada, also reflected by more than 80% Growth in Canadian Product Sales. U.S. Franchise Company Revenues increased by over 200% over the previous year.
STRR

Hot Stocks

08:11 EST Star Equity announces KBS Builders signed $2M contract for Nantucket project - Star Equity Holdings announced that its KBS Builders business has signed a $2M contract to manufacture 14 modular units to provide seasonal workforce housing for the Town of Nantucket, MA. These modular units will be used to construct a multi-family building consisting of 20 apartments, offering affordable housing to those who live and work on the island. KBS expects to begin manufacturing these units in March, with delivery to be completed by May. Rick Coleman, CEO of Star Equity, noted, "We are thrilled to start the year with the signing of another large affordable housing contract for KBS. Following the announcement of our $1.9 million affordable housing project in Maine in late 2023, this new contract further demonstrates KBS' essential role in supporting local governments and communities to address challenges related to housing shortages, especially affordable workforce housing. Our KBS team has worked diligently to expand its capabilities and continues to be a major modular player in the New England area."
ICCT

Hot Stocks

08:10 EST iCoreConnect announces expansion of endorsement collab with RIDA - iCoreConnect announced the expansion of its collaboration with the Rhode Island Dental Association, RIDA, with seven new endorsements of iCore offerings. This strategic collaboration marks another step forward in iCore's mission to provide innovative solutions and advanced technologies that cater to the evolving needs of customers and state association members. iCore strives to deliver high-quality products and exceptional services and has quickly become a trusted partner of RIDA since the collaboration began in September of 2023. The expanded collaboration is a testament to the value seen in iCore's solutions by the members of the Rhode Island Dental Association, and the demand for iCore's offerings in the dental industry. "We are excited to expand our collaboration with the Rhode Island Dental Association from the initial endorsement of three products to now ten products. This collaboration will allow us to further align our offerings with their strategic goals and support their membership growth aspirations," said Robert McDermott, CEO & President at iCoreConnect. "Our team is committed to delivering tailored solutions that will drive efficiency, innovation, and success for all providers in the healthcare industry."
KRRO

Hot Stocks

08:09 EST Korro Bio presents new data for KRRO-110, reported portfolio progress - Korro Bio presented new data for KRRO-110 and reported progress across its RNA editing portfolio at the J.P. Morgan Healthcare Conference on January 9, 2024. Pipeline updates: KRRO-110: As announced on December 7, 2023, Korro selected KRRO-110 as its first development candidate for the potential treatment of AATD, an inherited genetic disorder caused by single nucleotide variants in the SERPINA1 gene. Preclinical data to date for KRRO-110 demonstrated: High specificity with no bystander effects in MZ human primary hepatocytes; Intravenous administration at 2 mg/kg resulted in secretion of ~50microM functional AAT as early as 7 days post-single dose in a human transgenic PiZ mouse model; Increase in AAT protein and the inhibition of elastase activity were sustained through week 9 when dosed every 2 weeks, demonstrating durability in mice; Greater than 40% editing in NHPs utilizing an earlier generation oligonucleotide designed to edit a surrogate SERPINA1 RNA target site; Preclinical development of KRRO-110 is ongoing in preparation for a regulatory filing expected in the second half of 2024, with a potential interim clinical readout in the second half of 2025. Platform Update: Korro's proprietary RNA editing platform, OPERA, integrates a deep understanding of adenosine deaminase acting on RNA (ADAR) enzymology with expertise in oligonucleotide chemistry, machine learning optimization of oligonucleotides and fit-for-purpose delivery. CHORDs, or Customized High-fidelity Oligonucleotides for RNA Deamination, are single-stranded, anti-sense oligonucleotides designed to have high target efficiency and specificity by leveraging the pillars of OPERA. Creating De Novo Mutation to Alter Protein Function: In addition to repairing pathogenic SNVs, CHORDs can be used to engineer de novo SNVs and change amino acids on proteins to endow them with desired altered properties while still preserving their broader functional capabilities. In preclinical studies, Korro has demonstrated the ability to: Activate a transcription factor in an undisclosed target ; Demonstrated activation of a transcription factor by creating a de novo protein variant resulting in sustained downstream activity in NHPs lasting longer than 21 days, demonstrating potential to preserve transcription factor function; Selectively modulate TDP-43 to reduce protein aggregation ; TDP-43 is a protein associated with ALS, FTD and other neurodegenerative diseases. A single RNA edit to TDP-43 is predicted to lead to the synthesis of a protein variant that does not aggregate, thereby preserving normal function and protecting downstream activity essential for neuronal health; Modulate ion channels to within physiological levels in Nav1.7 ; Nav1.7 is a voltage-gated sodium channel that is essential for pain sensation and electrical signaling in the central nervous system. Korro has demonstrated that site-specific changes are sufficient to decrease the activity of Nav1.7. This approach has the potential to deliver potent analgesic activity without the dose-limiting toxicities that have been observed by sodium channel blockers
INAQ KR

Hot Stocks

08:09 EST Alpha Modus retains services of lawyer Christopher Hanba - Alpha Modus has retained the services of Christopher Hanba of Dickinson Wright, a global law firm, for his legal expertise, technical industry knowledge, and deep experience with enforcing intellectual property rights. On January 16, 2024, Alpha Modus initiated a patent infringement action against The Kroger Company (KR) alleging patent infringement of several Alpha Modus patents pertaining to the Company's '571 patent portfolio encompassing retail marketing and advertising data-driven technologies to enhance consumers' in-store experience at the point of decision.
NRBO

Hot Stocks

08:08 EST NeuroBo announces pre-clinical safety data of DA-1241 with sitagliptin - NeuroBo Pharmaceuticals announced positive pre-clinical safety data of DA-1241, a novel G-Protein-Coupled Receptor 119, or GPR119, agonist, in combination with sitagliptin, a DPP4 inhibitor. Additionally, having satisfied its 45-day commitment with the FDA related to its amended protocol, the company has opened enrollment for Part 2 of its Phase 2a clinical trial of DA-1241 when co-administered with sitagliptin for the treatment of metabolic dysfunction-associated steatohepatitis, or MASH. The pre-clinical results demonstrated that once daily oral administration in rats, of sitagliptin alone, DA-1241 alone, or sitagliptin in combination with DA-1241 for 13 weeks, was well tolerated with no adverse effects. Each of the two-parts of the Phase 2a trial of DA-1241 is designed to be a 16-week, multicenter, randomized, double-blind, placebo-controlled, parallel clinical study to evaluate the efficacy and safety of DA-1241 in subjects with presumed MASH. Part 1, currently dosing subjects, is exploring the efficacy of DA-1241 versus placebo, and is expected to enroll approximately 49 subjects, who will be randomized in a 1:2:1 ratio into 3 treatment groups: DA-1241 50 mg, DA-1241 100 mg, or placebo. Part 2 will explore the efficacy of DA-1241 in combination with sitagliptin, versus placebo, is expected to enroll approximately 37 subjects, who will be randomized in a 2:1 ratio into 2 treatment groups: DA-1241 100 mg/sitagliptin 100 mg or placebo.
MS

Hot Stocks

08:08 EST Morgan Stanley CEO says not changing strategy, as it's working
AKYA

Hot Stocks

08:07 EST Akoya Biosciences' PhenoCycler-Fusion platform used by QSBC - Akoya Biosciences announced that the newly established Queensland Spatial Biology Centre, QSBC, located in Brisbane, Australia, is using the PhenoCycler-Fusion spatial biology platform as the core technology to revolutionize the way cancer and other debilitating diseases are diagnosed and treated. The PhenoCycler-Fusion platform facilitates the understanding of the cellular compositions, neighborhoods, and functional states that are present in complex diseases, and that next generation therapeutics may be able to target. Bringing a new level of clarity to this complex biology will help explain why individual patients have varying degrees of success in terms of their response to treatment. "We are extremely excited to be an integral part of this important initiative," said Brian McKelligon, Chief Executive Officer of Akoya Biosciences. "The QSBC has brought together a remarkable group of researchers, clinicians, pathologists, and computational biologists who are unrelenting in their commitment to leverage the enormous power of spatial biology. Their passion is inspiring and we look forward to supporting them with the most advanced spatial biology solutions."
HSCS

Hot Stocks

08:07 EST Heart Test Laboratories announces results, adjournment of Annual Meeting - Heart Test Laboratories announced the results of the Company's 2024 Annual Meeting of Shareholders as well as an adjournment of the Annual Meeting. At the Annual Meeting which was convened, all items of business were passed, with the exception of Proposal 7, which would effect a reduction of the quorum requirements for future shareholder meetings, as the Company had not received sufficient proxies for approval by the time of the Annual Meeting. Accordingly, the meeting was convened and adjourned solely in respect of proposal 7. At the Annual Meeting, approximately 54.37% of the Company's outstanding shares of common stock and Series C Preferred Stock voting together as a single class on an as converted basis, were represented in person or by proxy, representing a quorum. Proposal 1 - the Class I director nominees Brian Szymczak and Bruce Bent, and Class II director nominees Mark Hilz and David R. Wells were re-elected, in each case to the Company's Board of Directors. Each director nominee received a plurality of votes cast at the Annual Meeting. Proposal 2 - the Company's shareholders approved the full issuance of shares of common stock issuable by the Company pursuant to its Equity Line of Credit for purposes of complying with Nasdaq Listing Rule 5635(d). Proposal 3 - the Company's shareholders approved the Company's 2023 Equity Incentive Plan, as amended. Proposal 4 -the Company's shareholders ratified Haskell & White LLP as the Company's independent registered public accounting firm for the year ending April 30, 2024. Proposal 5 - the Company's shareholders approved an amendment to the Company's Amended and Restated Certificate of Formation to effect, at the sole discretion of the Board of Directors, a reverse stock split of all outstanding shares of the Company's common stock, in the range of one-for-two through one-for-one hundred, as determined by the Board of Directors. Proposal 6 - the Company's shareholders approved an amendment to the Company's Amended and Restated Certificate of Formation to change the Company's corporate name from "Heart Test Laboratories, Inc" to "HeartSciences". Proposal 8 - the Company's shareholders approved one or more adjournments of the Annual Meeting to a later date or dates to solicit additional proxies if there are insufficient votes to approve any of the proposals at the time of the Annual Meeting. With respect to Proposal 7, an amendment to the Company's Amended and Restated Certificate of Formation to lower the quorum for future meetings to one-third of the shares eligible to vote, as of the Annual Meeting date, approximately 49% of the shares eligible to vote had been voted in favor of the proposal. As a result, the Company adjourned the Annual Meeting solely with respect to this proposal until Thursday, February 15, 2024 in order to solicit additional votes. The Annual Meeting, with respect to Proposal 7, will reconvene on Thursday, February 15, 2024 at 9:00 a.m. Eastern Time.
MS

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08:07 EST Morgan Stanley still sees getting to 30% wealth margin, CEO says on CNBC - CEO Ted Pick tells CNBC that the company sees mid-20% wealth margins for awhile.
LPCN

Hot Stocks

08:06 EST Lipocine announces license agreement for TLANDO in the U.S. - Lipocine, Gordon Silver and Verity Pharmaceuticals announced that they have entered into an exclusive licensing agreement under which Verity Pharma will market TLANDO in the U.S. and, if approved, in Canada. TLANDO is the first and only oral testosterone replacement therapy, or TRT, option approved by the FDA that does not require dose titration. The agreement also provides Verity Pharma with the U.S. and Canadian rights to develop and commercialize LPCN 1111, a next generation, once daily oral product candidate for TRT. Under the terms of the agreement, Lipocine will receive from Verity Pharma a license fee of $11M with an initial payment of $2.5M which was received on signing of the License Agreement, $5M to be paid on February 1, $2.5M to be paid no later than January 1, 2025, and $1M to be paid no later than January 1, 2026. Lipocine will be entitled to receive up to $259M in development and sales-based commercial milestone payments, as well as tiered royalty payments at rates ranging from 12% up to 18% on net sales of TLANDO franchise products. Under the agreement, Verity Pharma will be responsible for regulatory and marketing obligations in the U.S. and Canada, and all further development. Lipocine retains all rights to the TLANDO franchise for territories outside the U.S. and Canada, and all rights to non-TRT indications globally.
MTN

Hot Stocks

08:06 EST Vail Resorts sees FY24 Resort Reported EBITDA in lower half of guidance range - Commenting on the ski season-to-date, Kirsten Lynch, CEO said, "Given the challenging conditions to start the 2023/2024 North American ski season, we are pleased with our season-to-date results and the guest service delivered at our resorts, highlighting the stability provided by our season pass program and the investments we have made in our resorts and employees. Through the holiday period ended January 7, 2024, conditions across our North American resorts were below average in all regions compared to the strong early season conditions in the prior year period, leading to a decline in both local and destination skier visitation. The unfavorable conditions impacted all of our North American resorts, and particularly our Eastern U.S. (comprising the Midwest, Mid-Atlantic and Northeast) and Tahoe resorts, which were impacted by limited natural snow and variable temperatures that resulted in delayed openings, reduced terrain offerings, and select resort closure days through the holiday period. Although the conditions negatively impacted visitation across our North American resorts, particularly among our local guests, our season pass sales results significantly mitigated the impact of the slower start to the season on overall lift revenue and highlight the stability created by our advance commitment strategy. Despite the decline in season-to-date visitation relative to the prior year period, we are pleased with the strength in ancillary spending per visit across our ski school, rental, and dining businesses." Lynch continued, "As a result of the challenging conditions through the holiday period, season-to-date guest visitation and revenue was below our expectations in North America. The majority of our North American resorts experienced significant snowstorms leading up to and over the Martin Luther King Jr. holiday weekend, which impacted the guest experience, but also led to recently improved conditions across our resorts. Based on our significant base of pre-committed guests through advance commitment pass products and an improvement in conditions across our resorts in recent weeks, we now expect that Resort Reported EBITDA for fiscal 2024 will be in the lower half of the guidance range issued on September 28, 2023. Our guidance assumes a continuation of the improvement in conditions that we are currently experiencing at our North American resorts, normal weather conditions for the remainder of the 2023/2024 European ski season and the 2024 Australian ski season, a continuation of the current economic environment, and the foreign currency exchange rates as of our original September 2023 guidance. We are looking forward to the remainder of the season given the recently improved conditions, the investments we have made to continue elevating the guest experience, and the stability provided by our season pass program."
VTSI

Hot Stocks

08:05 EST VirTra debuts advanced training content, True-Fire recoil kit - VirTra announced new video-based scenarios for its training simulators and unveiled its True-Fire recoil kit, which is designed to minimize false firing incidents. Alongside this, the Company is expanding its V-Author library by adding 27 new characters, including hospital and corrections workers, as well as community members, patients, and inmates. The new content and True-Fire recoil kits are set to launch at SHOT Show on January 23-26 at the Venetian Expo in Las Vegas, Booth #20535. VirTra CEO John Givens stated: "Training content needs to align with the specific mission that individuals and teams are trying to accomplish, which is why we're producing content that closely mirrors real-world scenarios. VirTra is hyper-focused on the production of superior scenarios and character, tailored for the unique needs of law enforcement, corrections, and hospital staff. We've invested in state-of-the-art equipment, skilled personnel, and subject matter experts, and we regularly survey our customers to ensure that our content is effective and of the highest quality. Every piece of content we produce is crafted to ensure our clients are trained effectively no matter what their state or agency policies require."
DSAQ HNCH

Hot Stocks

08:05 EST Hunch Technologies to be public through Direct Selling Acquisition combination - FlyBlade, or Hunch Mobility, a provider of urban air mobility in the Indian subcontinent, has entered into a definitive business combination agreement with Direct Selling Acquisition (DSAQ), a special purpose acquisition company, and certain other parties thereto. Upon the closing of the transaction, the newly combined company is expected to be called Hunch Technologies, and its common shares are expected to be listed on the New York Stock Exchange under the symbol (HNCH). The combined company is expected to have an estimated post-transaction enterprise value of $223M, assuming no redemptions by DSAQ's public stockholders. Proceeds from the transaction, before the payment of certain transaction expenses, will comprise up to $63M of cash held in DSAQ's trust account before redemptions, with approximately $48M in net cash on the balance sheet to fund growth, assuming no redemptions by DSAQ's public stockholders. The transaction does not include a minimum cash condition, but does include capital commitments of $20M from investor. Investor's $20M investment includes $10M of equity purchases in DSAQ previously made in the open market subject to non-redemption, $3M in the form of promissory notes convertible into convertible preferred shares to be funded in three equal monthly installments, with the first $1M promissory note being issued at signing, and $7M of convertible preferred shares that will be funded at the closing of the transaction. Hunch Ventures has committed to investing $3M in the form of convertible preferred shares of PubCo. Hunch Ventures' investment and Investor's investments other than convertible notes are subject to certain waivable conditions. DSAQ and Hunch Mobility's respective boards of directors have unanimously approved the transaction, which is expected to close in 2024, subject to regulatory and stockholder approvals. In connection with the transaction, Hunch Mobility's shareholders are rolling 100% of their existing equity in Hunch Mobility into the combined company and are expected to own approximately 52% of the combined company on a non-fully diluted basis immediately following the closing of the transaction, assuming no redemptions by DSAQ's public stockholders. All references to cash on the balance sheet, available cash from the trust account and retained transaction proceeds are subject to any redemptions by DSAQ's public stockholders and current estimates of transaction expenses. For additional information regarding the terms of the transaction, as well as an investor presentation, please see the Current Report on Form 8-K, which will be filed today with the Securities and Exchange Commission, or SEC, by DSAQ. Additional information about the transaction will be provided in the registration statement on Form F-4 relating to the transaction to be filed with the SEC by PubCo.
WIMI

Hot Stocks

08:05 EST WiMi Hologram Cloud develops Trimmed K-Means algorithm - WiMi Hologram Cloud announced a Trimmed K-Means algorithm for detecting crypto-wallet fraud on the Bitcoin network. It combines symmetry and asymmetry in computer and engineering sciences to provide a novel solution for crypto-wallet fraud on the Bitcoin network. The technology not only improves detection efficiency but also identifies anomalous behavior more accurately, providing a more secure trading environment for Bitcoin investors. This algorithm has a wide range of potential for practical applications. First, through the collective anomaly detection method, anomalous behaviors can be identified more efficiently on the Bitcoin network, improving the overall security of the network. Second, the Trimmed K-Means algorithm is used to reduce the processing cost of feature extraction, making it more practical. In addition, the algorithm not only detects fraudulent behavior but also provides a more reliable trading environment for Bitcoin investment.
LIFE

Hot Stocks

08:04 EST aTyr Pharma announces appointment of Frederick as advisor - aTyr Pharma announced the appointment of Wayne Frederick, M.D., as an advisor to the company. Dr. Frederick is President Emeritus of Howard University, having served as President from 2014 to 2023.
ARBE

Hot Stocks

08:04 EST Arbe Robotics says Sensrad reports customer orders for radar technology - Arbe Robotics announced that its tier 1, Sensrad AB, reported significant customer orders for radar systems leveraging Arbe's chipset. The recent orders from global companies underscore the market's recognition of the transformative impact of Arbe's radar chipset technology, integrated into Sensrad's Hugin Imaging Radar systems. Sensrad announced that its Hugin 4D Imaging Radar, leveraging Arbe's cutting-edge high-resolution radar chipset and Gapwaves' proprietary waveguide antenna technology, offers highly advanced perception capabilities in harsh environments for robotized and autonomous vehicles, supporting any off-road, on-road transportation and aerial applications. Key highlights of the Sensrad announcement of its customer orders include: An order from an American autonomous transportation global manufacturer. A follow-up order from a robotized professional outdoor power equipment pioneer. A follow-up order from a key player in the transportation sector. Several orders from Sensrad's Chinese affiliates, whose customers are found in a range of industries, spanning from autonomous robotics and transportation to Intelligent Transportation Systems and Intelligent Traffic Management Systems.
VAXX

Hot Stocks

08:03 EST Vaxxinity announces collaboration on space medicine research with UCF - Vaxxinity announced a collaboration with the University of Central Florida, UCF, to advance space medicine research. The research, funded by a grant from the State of Florida, aims to further the development of Vaxxinity's active immunotherapies to prevent and mitigate muscle and bone wasting, which are well known health challenges related to long-term spaceflight, and which share biological mechanisms implicated in highly prevalent age-related diseases. "If humanity is to become a spacefaring species, solving fundamental problems related to space travel and living are table-stakes. Vaxxinity is all-in on developing and commercializing these solutions, and working with the State of Florida and UCF, collectively, we strive to promote both healthy aging and ensure humanity can become multi-planetary, brave low gravity exposure, and be of the stars," says Lou Reese, Executive Chairman of Vaxxinity. "The support for this research from the State of Florida exemplifies a commitment to pioneering solutions in the fields of space travel, as well as longevity and age-related diseases."
MTN

Hot Stocks

08:02 EST Vail Resorts reports season-to-date total skier visits down 16.2% vs. last year - Vail Resorts reported certain ski season metrics for the comparative periods from the beginning of the ski season through January 7 and for the prior year period through January 8, 2023. The reported ski season metrics are for the Company's North American destination mountain resorts and regional ski areas, excluding the results of the Australian ski areas and Andermatt-Sedrun in both periods. The data mentioned in this release is interim period data and is subject to fiscal quarter end review and adjustments. Season-to-date total skier visits were down 16.2% compared to the prior year season-to-date period. Season-to-date total lift ticket revenue, including an allocated portion of season pass revenue for each applicable period, was up 2.6% compared to the prior year season-to-date period. Season-to-date ski school revenue was up 5.0% and dining revenue was down 5.8% compared to the prior year season-to-date period. Retail/rental revenue for North American resort and ski area store locations was down 13.3% compared to the prior year season-to-date period.
CDAY

Hot Stocks

08:02 EST Ceridian enters definitive agreement to acquire eloomi - Ceridian announced it has entered into a definitive agreement to acquire eloomi, a leading learning experience platform software provider based in Copenhagen, Denmark, and Orlando, Florida. The acquisition is expected to close in Q1 2024 and will be funded with existing balance sheet cash. "The dynamic learning and development needs of today's boundless workforce require leading enterprise solutions. The acquisition of eloomi will help supercharge the people development capabilities of Dayforce, equipping customers with more engaging learning and development experiences, AI-driven content creation, and extended enterprise learning capabilities," said Joe Korngiebel, Chief Product and Technology Officer, Ceridian. eloomi's all-in-one, modern learning platform offers the power of a compliance-driven LMS together with the benefits of a leading Learning Experience Platform. It provides leading learning and development capabilities to more than 850 customers around the world.
BPRN

Hot Stocks

08:02 EST Princeton Bancorp to acquire Cornerstone Financial in $17.9M deal - Princeton Bancorp, the parent company of The Bank of Princeton, Princeton, New Jersey, and Cornerstone Financial Corporation, the parent company of Cornerstone Bank, Mount Laurel, New Jersey, jointly announced that they have entered into a definitive agreement and plan of merger pursuant to which Princeton Bancorp will acquire Cornerstone in a transaction valued at approximately $17.9M. Under the terms of the merger agreement, which has been approved by the boards of directors of both companies, Cornerstone will merge with, into and under the charter of Princeton Bancorp. In the merger, each share of Cornerstone common stock outstanding will be exchanged for 0.24 shares of Princeton Bancorp, subject to adjustment, having a value of $8.16 per share based on the $34.00 closing price of Princeton Bancorp common stock on January 17, 2024. Each share of Cornerstone's preferred stock outstanding will be exchanged for its stated value of $1,000 per share. The transaction is subject to receipt of all required banking regulatory approvals, Cornerstone stockholder approval and certain financial and other contingencies. The transaction is expected to close in the second or third quarter of 2024.
EFX

Hot Stocks

07:46 EST Equifax extends relationship with the NCTUE - Equifax has extended its long-standing relationship with the National Consumer Telecom and Utilities Exchange, or NCTUE, an independent, non-profit, Fair Credit Reporting Act-compliant consumer credit reporting agency for the telecommunications, pay TV, internet, home security and utility industries. Under the terms of the extended agreement, Equifax will continue its exclusive operation and management of the NCTUE database, and provide the organization with enhanced product innovation, advanced data security measures, and marketing support for new member recruitment. The extended service agreement is subject to the oversight of the NCTUE board of trustees.
PCSA

Hot Stocks

07:46 EST Processa Pharmaceuticals to effect 1-for-20 reverse stock split - Processa Pharmaceuticals announces that in conjunction with stockholder approval of the reverse stock split on November 14, 2023, the Company's Board of Directors, on January 8, 2024, determined to fix a split ratio of 1-for-20. The Company's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on Monday, January 22, 2024. Following the reverse stock split, the Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "PCSA" with the new CUSIP number 74275C304. The reverse stock split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on the Nasdaq Capital Market.
NEXCF

Hot Stocks

07:41 EST Nextech3D.AI says search engine able to deliver 500% increase in productivity - Nextech3D.ai announces its recently launched AI 3D model search engine can deliver up to a 500% increase in the production of 3D models, which is a marked increase from its previously announced 80% increase in productivity. The Company plans on releasing its AI search engine to the public in Q1 2024 for general use and charging on a per use basis which could contribute significantly to the Company's growth in 2024.
REKR

Hot Stocks

07:40 EST Rekor Systems secures over $3M in public safety, licensing contracts - Rekor Systems announced that its Public Safety and Licensing Division has recently secured three public safety and licensing contracts totaling approximately $3M in total contract value. PAVE Mobility is a parking technology company that provides various parking solutions to businesses and organizations. PAVE licenses Rekor's Vehicle Recognition SDK to enable accurate license plate and vehicle recognition within their parking compliance systems. Additionally,the Mt. Juliet Police Department selected Rekor Scout to helm its Guardian Shield Program. Under another new contract, a prominent police department in Maryland has chosen the Rekor Scout platform to enhance public safety in one of the state's most populous counties.
AGI

Hot Stocks

07:38 EST Ranchero Gold enters agreement for sale of Paika's interest in four licenses - Ranchero Gold announced that further to its press release of December 27, 2023, its wholly-owned subsidiary Minera y Metalurgia Paika has entered into a definitive agreement dated January 17, 2024 with Minas de Oro Nacional, a wholly-owned subsidiary of Alamos Gold, for the sale of Paika's interest in four mineral licenses comprising an area of 5,390 hectares of the Company's Santa Daniela mineral property located in Sonora, Mexico. The Company intends to relinquish its interest in the remaining portions of the Santa Daniela property in order to eliminate holding costs. The Disposition is subject to the approval of the TSX Venture Exchange and the shareholders of the Company. In relation to the Disposition, Ranchero has convened a special meeting of its shareholders to be held on February 22, 2024, to seek shareholder approval for the Disposition. The Company has solicited voting support agreements from shareholders holding a total 44,483,247 common shares of the Company or 67.67%, of the outstanding Common Shares, confirming their intention to vote in favor of the Disposition. In connection with the Disposition, the Company has agreed, subject to the approval of the TSXV, to pay a finder's fee to an arm's length party to the Company and Alamos, equal to 5% of the net proceeds or consideration received by the Company and Paika under the Definitive Agreement, being C$333,300. The Finder facilitated the introduction of the Company to Alamos and the discussions between the parties in negotiating the terms of the Disposition. The Finder's Fee will be payable 50% in cash and 50% in Common Shares at a minimum price of C$0.03 per Common Share for up to 5,555,000 Common Shares. The Finder's Fee will be payable in stages based on the consideration received by Paika under the Definitive Agreement, with the first tranche payable once the cash payment in the amount of $1,892,000 is received by Paika under the terms of the Definitive Agreement. The Common Shares issuable to the Finder will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.
IDEX

Hot Stocks

07:33 EST Ideanomics' WAVE Charging announces receipt of purchase order - WAVE Charging, a wholly-owned subsidiary of Ideanomics, has announced the receipt of a purchase order for a new commercial proof of concept project with a major retail and logistics company in the United States. After six months of dedicated efforts, WAVE is excited to embark on this groundbreaking collaboration with a new partner that holds a significant presence in the retail and logistics sector. While the customer's name and some details of the project remain confidential at this time due to contractual obligations, WAVE is eager to share some key information about this impactful project. The commercial proof of concept project will involve the deployment of BYD yard tractors equipped with WAVE's cutting-edge wireless charging technology. The value of the initial order represented by this purchase order is for approximately $500,000. Following the successful proof of concept, WAVE's and the customer's objectives are to scale the deployment to wider use within the customer's operations, both at distribution centers and other warehouse and middle-mile scenarios, showcasing the adaptability and versatility of the WAVE system.
AGFY

Hot Stocks

07:31 EST Agrify enters into first hydrocarbon extraction lab, VFU facility in California - Agrify Corporation announced it has entered into a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park, a California-based vertically integrated cannabis operator. Ocean Deep will be extracting products with Agrify's turnkey PX30 Hydrocarbon Extraction Lab Package to bolster its product offerings. Ocean Deep is also expected to begin operation with an estimated 120 Vertical Farming Units, VFU, sold by the Company to produce high-quality cannabis flower in 2024. Raymond Chang, Chairman and CEO of Agrify, shared that "We are very excited to announce this agreement for the sale of our first combined VFU and PX30 Hydrocarbon Extraction Lab facility in the state of California. We applaud our partner Ocean Deep/Golden Lake Business Park's foresight for selecting Agrify's technologies in the fiercely competitive California market. We believe our superior cultivation and extraction technologies will allow Ocean Deep to offer the highest quality and most consistent products to its customers."
LSXMA

Hot Stocks

07:28 EST Berkshire Hathaway buys $85M in Liberty SiriusXM common stock - In regulatory filing last night, Berkshire Hathaway disclosed that it has acquired about $85M in Liberty SiriusXM common stock in transactions between January 12 and January 17th as part of option exercise.
MBOT

Hot Stocks

07:22 EST Microbot adds U.S.-based Clinical Research Associate ahead of IDE submission - Microbot Medical announced that following the recent results of its pivotal GLP Pre-Clinical Study, and to support its anticipated IDE submission to commence its first in human clinical trial, the Company added a US- based Clinical Research Associate. The CRA will join the already established clinical team in the USA, led by Dr. Juan Diaz-Cartelle, the Company's Chief Medical Officer.
HUM

Hot Stocks

07:22 EST Humana says emerging utilization trends are 'impacting the industry broadly' - In a regulatory filing, Humana stated, "The company is currently assessing the expected impact of emerging utilization trends on its 2024 outlook, which is anticipated to be material if current trends continue, and will provide an update on its fourth quarter 2023 earnings call. Importantly, Humana believes the emerging trends are impacting the industry broadly and anticipates the trends will be contemplated in the 2025 Medicare Advantage pricing cycle."
BA

Hot Stocks

07:21 EST Boeing announces Akasa Air orders 150 more 737 MAX jets - Boeing and Akasa Air announced the Indian carrier has placed a follow-on 737 MAX order, confirming 150 more jets in its order book. The purchase of 737-10 airplanes and additional 737-8-200 jets by India's all-737 operator was revealed at the Wings India 2024 airshow. "Akasa Air will leverage the 737 MAX family to expand its domestic and international network in the coming years. Since launching operations in 2022, the airline has captured approximately 4% of India's domestic market, serving 18 destinations with a fleet of 22 737 MAX jets," Boeing stated. "We are excited to announce this historic order for 150 new Boeing airplanes, increasing our total orders from Boeing to 226 jets. In addition to supporting our rapid domestic expansion, the efficiency and economics of these new airplanes position Akasa to launch international routes in the coming months. The lower carbon emissions of the 737 MAX family allow us to remain focused on sustainable operations, while also providing our environmentally conscious passengers with a more comfortable way to fly. Sustainability is at the core of our business, and we strive for more opportunities to reduce our impact to the environment," said Vinay Dube, Akasa Air founder and CEO. Reference Link
AA

Hot Stocks

07:19 EST Alcoa sees $15M of unfavorable impact in Q1 Alumina adjusted EBITDA - As part of its Q4 earnings report yesterday, the company stated: "Within first quarter 2024 Alumina Segment Adjusted EBITDA, the Company expects approximately $15 million of unfavorable impacts related to higher maintenance costs and lower shipments in Australia. In addition, the Company expects sequential benefits from lower raw material and energy costs to be fully offset by other factors. Within first quarter 2024 Aluminum Segment Adjusted EBITDA, the Company expects sequential favorable energy costs, primarily due to lower prices in Brazil and Norway, to be fully offset by lower product premiums and an unfavorable net impact due to the non-recurrence of fourth quarter 2023 items related to the IRA 45X credit and carbon dioxide compensation changes in Norway. Alumina costs in the Aluminum segment are expected to be unfavorable by $5 million sequentially. Additionally, the Company expects an unfavorable sequential impact of approximately $20 million from hedge programs for the Alumar smelter restart, which ended in December 2023."
CSTL

Hot Stocks

07:13 EST Castle study shows DecisionDx -SCC test to guide radiation in cSCC reduces cost - Castle Biosciences announced the publication of a new study1 in The Journal of Clinical and Aesthetic Dermatology JCAD which found that using its DecisionDx-SCC test to guide ART decisions for patients with SCC could result in substantial Medicare healthcare savings of up to approximately $972M annually. "The implications of this study are significant, as evidenced by the opportunity to save our overburdened healthcare system hundreds of millions of dollars through use of the DecisionDx-SCC test to guide more risk-appropriate utilization of ART in patients with SCC," said Ally-Khan Somani, M.D., Ph.D., lead author, director of Mohs micrographic, reconstructive surgery & cutaneous oncology at SkinMD LLC, and adjunct clinical assistant professor, Department of Dermatology & Otolaryngology-Head and Neck Surgery at Indiana University School of Medicine. "Above and beyond the considerable cost savings is the potential to truly improve SCC patient care by using the test's results to provide added confidence in decisions to forgo radiation therapy when a patient's risk of metastasis is low."
LASE

Hot Stocks

07:10 EST Laser Photonics receives order from Oil City Iron Works - Laser Photonics Corporation received an order from Oil City Iron Works. Specializing in gray and ductile iron castings, Oil City Iron Works chose Laser Photonics' CleanTech LPC-1000-CTHS laser cleaning system as their preferred cleaning solution because the technology presented them with a non-abrasive, eco-friendly, cost-effective and operator-safe cleaning method. This single-axis CleanTech laser cleaning system will be implemented into their operations to reduce the time needed for cleaning and maintenance, leading to lower costs and reduced maintenance times.
HUM

Hot Stocks

07:09 EST Humana falls 11% to $399.75 after lowering FY23 adjusted EPS outlook
LASE

Hot Stocks

07:09 EST Laser Photonics receives order from Oil City Iron Works - Laser Photonics announced that it received an order from Oil City Iron Works, or OCIW. The Corsicana, Texas-based foundry, patternmaker and CNC machine shop has delivered a complete range of molding and casting solutions for more than a century. Their customer list features most of the major companies in the oil, gas, energy and general mining markets.
HUM

Hot Stocks

07:08 EST Humana sees 2024 individual Medicare Advantage growth of 100,000 members - In a regulatory filing, Humana stated, "Based on the results of the annual election period, Humana now expects individual Medicare Advantage growth of approximately 100,000 members for the year ending December 31, 2024, representing 1.8 percent growth over its membership as of December 31, 2023 of approximately 5.4 million members, compared to its previous commentary of 'at or slightly above industry average growth'. The company's membership growth outlook for 2024 is impacted by its balanced approach to pricing which resulted in a lower share of overall industry growth. While the company's overall AEP sales volume was in line with expectations, a higher proportion was driven by plan change activity by existing members, resulting in lower new member sales than expected. Despite the higher plan change activity, the company experienced slightly higher attrition during the AEP than expected. Actual AEP growth for the company is approximately 120,000 members, which is expected to decline slightly by year end due to the more limited sales opportunity post AEP and the expectation that the company will see slightly higher attrition within its Dual Special Needs Plan offerings over the next several months as members lose dual eligible status from the on-going Medicaid redetermination process. The company continues to believe it took a prudent approach to 2024 pricing considering the current regulatory changes and evolving utilization environment. In addition, the company believes it remains well positioned to compete as an industry leader in the attractive Medicare Advantage market going forward with its differentiated capabilities, including highly diversified and patient centered value-based care arrangements, exceptional quality as demonstrated by its industry leading Stars scores, best in class consumer experience rankings, and continued growth and integration of its CenterWell capabilities."
WTKWY

Hot Stocks

07:08 EST Wolters Kluwer launches Enablon Vision Platform enhancements of 2024 - Wolters Kluwer launched its first Enablon Vision Platform enhancements of 2024, bringing enhanced ease-of-use, analytics and data visualization capabilities to operations, environmental, and safety teams, worldwide. The Enablon Vision Platform helps users lay the foundation for integrated risk management, by integrating, automating, and streamlining governance, risk, compliance, health and safety, environment and sustainability, business continuity, and internal audit practices across the organization. The platform provides a single source of truth for integrated risk management, and empowers users and executives to make better, more informed decisions. From supporting field staff in achieving an incident-free work environment, to simplifying environmental data collection, industry-leading enterprises use the platform to harmonize their risk approach and drive continuous improvement - from the plant floor to the executive suite. Notable additions included in the Enablon Vision Platform Version 9 2023 SP3 release include: The ability for Enablon early adopters to access Open Insights, a new analytics functionality which visualizes EHS, ESG and integrated risk data across sites, to empower users to make impactful changes and improve on-site safety performance. Users can also now track and perform baseline analyses of Scope 1 and Scope 2 Greenhouse Gas emissions; track site-specific performance against ESG key performance indicators; and facilitate ESG disclosures by sharing data seamlessly with the Enablon ESG Excellence solution. EHS managers can also now use near real-time insights to increase onsite performance with baseline analyses for risks across different sites; and track lagging and leading indicators including events, observations, and inspections. Improved mobile functionality, including simplified design and increased accessibility of the platform's Action Plan task interface; the ability for users to navigate away from the Enablon Go app while it performs background tasks; and the ability to submit safety events for review directly from the mobile app. New Process Hazard Analysis functionality, which helps process safety managers and front-line workers improve safety, reduce downtime, and protect the surrounding environment by identifying, digitalizing, and relationally visualizing a range of risks, from equipment failures to human factors. New features that enhance the user experience for Control of Work safety processes, including better categorized, full-page navigation on the desktop, tablet, and mobile device. Users can now also access granular details in isolation certificates, and benefit from enhanced usability of start work checklists and shift management features. New features that enhance Environmental, Health, Safety and Quality processes, including the ability to connect root cause analyses to action plans; the ability to add new or link to existing best practices directly from a specific incident; new functionality that enhances the accuracy and efficiency of sharing chemicals management data; and new features for Shift Management that increase usability, role management and viewing options.
HLVX GSK

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07:08 EST HilleVax appoints McLoughlin as Chief Operating Officer - HilleVax (HLVX) announced the appointment of Sean McLoughlin as Chief Operating Officer. As part of a planned transition in connection with McLoughlin's appointment, Co-founder and current Chief Operating Officer Dr. Aditya Kohli will remain a full-time executive with the company as Chief Business Officer, where he will be responsible for business development and corporate strategy. McLoughlin has three decades of commercial and operational experience in vaccines, most recently as the Global Vaccine Commercialization Lead, RSV at GSK (GSK).
NOK

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07:06 EST Nokia, Zayo achieve new North American distance record for 800Gb/s transmission - Nokia and Zayo have announced the successful completion of a live field trial of Nokia's sixth-generation Photonic Service Engine super-coherent optics, demonstrating a North American transmission record of 800Gb/s over a single wavelength from LA to El Paso on a 1866km link. The companies also achieved a 1 Tb/s transmission on Zayo's LA to Phoenix route over 1004km, also using the Nokia PSE-6s. The field trial showcases the power of Nokia's latest generation of coherent optics and Zayo's state-of-the-art optical transport network-in providing high-capacity solutions to keep up with soaring global traffic demand resulting from an increasingly digitalized world. The trial used Nokia's PSE-6s implemented in the 1830 PSI-M compact modular transport platform equipped with production-ready DMAT6 line cards. Using the latest 6th generation technology, the 800Gb/s transmission represents a tripling in reach over current 7nm solutions and sets a new North American distance record over a live network. In addition, the 1Tb/s transmission between LA and Phoenix over 150GHz WDM channels shows the ability to reach even higher capacity per wavelength on high-traffic routes.
OFIX

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07:05 EST Orthofix enters pact with MRIguidance to distribute BoneMRI imaging software - Orthofix announced it has entered into an agreement with MRIguidance to distribute its BoneMRI imaging software in the U.S. The company also announced the completion of the world's first eight cases utilizing BoneMRI software with 7D's Flash Navigation System. BoneMRI creates a synthetic CT from an MRI imaging exam without the use of harmful radiation. For the first time, surgeons, their staff, and patients can now benefit from completely radiation-free preoperative imaging and spinal navigation using BoneMRI with the 7D FLASH Navigation System.
BBIO

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07:05 EST BridgeBio secures up to $1.25B of capital from Blue Owl, CPP Investments - BridgeBio Pharma announced strategic financing from Blue Owl Capital and Canada Pension Plan Investment Board , through a wholly owned subsidiary of CPPIB Credit Investments, bringing in capital of up to $1.25 billion. With these transactions, BridgeBio obtains financing from experienced healthcare investors who share the Company's confidence in the anticipated launch of acoramidis as the potential backbone of therapy for transthyretin amyloid cardiomyopathy. The overall collaboration includes the following key features: A royalty agreement with Blue Owl and CPPIB Credit: $500 million cash payment upon FDA approval of acoramidis to help support the Company's commercial launch in exchange for future royalties of 5% of worldwide net sales of acoramidis, both of which are subject to various conditions. This consists of $300 million from Blue Owl and $200 million from CPPIB Credit; Total royalty payments are capped at 1.9 times the invested capital, and the royalty agreement includes investment features intended to provide broad strategic flexibility for BridgeBio going forward. A refinancing with Blue Owl of BridgeBio's existing senior credit facility: $450 million of committed capital funded at close to refinance BridgeBio's existing senior credit facility, extending maturity from 2026 to 2029 and providing the Company with considerable operational flexibility; An additional tranche of up to $300 million, funded at the Company and Blue Owl's mutual consent to support strategic corporate development activities
ORZCF

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07:04 EST Orezone Gold reports Q4 gold production 33,916 ounces - Orezone Gold announced 2023 gold production results and connection of the Bombore Mine to the national grid.Q4 and Full Year 2023 Production Results: Gold production totalled 33,916oz during the fourth quarter, and 141,425oz for the full year 2023, achieving annual guidance of 140,000 to 155,000oz. Gold sales during the quarter were 33,782oz at an average realized price of $1,997/oz, resulting in sales of $67.5M. For the full year, gold sales totaled 139,696oz at an average realized price of $1,940/oz, resulting in sales of $271.0M. Patrick Downey, President & CEO stated, "With a strong Q4, the Bombore mine had a successful first full year of operations and achieved guidance, which is a testament to the hard work and dedication of our operating team. Operational performance was matched by a strong safety record, with no lost-time injuries in 2023. I am also very pleased to report that construction of the Bombore powerline was completed on-schedule in late December. Commissioning and acceptance by the state power provider SONABEL to bring power to site commenced in early January and has now been completed. Process plant energization is in progress and will be completed by January 21, 2024. The powerline replaces the use of onsite diesel gensets for power, significantly lowering our operating costs and carbon footprint." Early works for the Bombore Phase II expansion commenced in the fourth quarter of 2023. These activities included: ordering of the SAG mill, early-stage engineering, and bulk earthworks on the hard rock mill site. Discussions with our senior lender, Coris Bank, are ongoing and the Company expects to receive a financing proposal later in the first quarter.
SVA

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07:04 EST Sinovac Biotech board rejects partial tender offer by Alternative Liquidity - Sinovac Biotech announced that its board of directors unanimously determined that the partial tender offer by Alternative Liquidity to acquire up to 10M common shares of Sinovac for 3c per share in cash is not advisable and is not in the best interests of the company or its shareholders. Accordingly, the board of directors recommends that the Shareholders reject the tender offer and not tender their Shares for purchase pursuant to the offer to purchase by Alternative Liquidity.
JBI

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07:02 EST Clearlake sold its remaining shares of Janus International Group - Clearlake Capital Group announced that the Firm sold its remaining shares of Janus International Group and fully exited its investment in December. Janus is a global manufacturer and supplier of turn-key building solutions and access control technologies for the self-storage, commercial, and industrial sectors. Clearlake acquired Janus in February 2018 in partnership with the founding management team and remained its largest shareholder when Janus listed on the NYSE in June 2021. Under Clearlake's ownership, the Company executed several initiatives, including but not limited to the development of new access control technologies and the purchase and integration of seven acquisitions.
EGRX

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06:53 EST Eagle provides update on bendamustine intellectual property portfolio - Eagle Pharmaceuticals provided an update on its bendamustine intellectual property portfolio. On January 16 the U.S Court of Appeals for the Federal Circuit affirmed the previously announced decision by the U.S. District Court for the District of Delaware finding that the 505 drug applications referencing BELRAPZO filed by Slayback Pharma Liability Company and Apotex did not infringe Eagle's previously issued '483 patent. Slayback, Apotex, and Baxter Healthcare launched their respective products in December of 2022. Eagle is also announcing that the U.S. Patent and Trademark Office has granted U.S. Patent Nos. 11844783 and 11872214 covering Eagle's innovative bendamustine liquid formulations. The patents are listed in the Orange Book for both BENDEKA and BELRAPZO. On January 17 Eagle filed lawsuits asserting that 505 products referencing BELRAPZO marketed by Slayback, Apotex, and Baxter each infringe one or more claims of the newly issued '783 and '214 patents and requesting damages for any infringing sales of the parties' respective accused products. Eagle intends to seek lost profits and other damages from any and all infringing sales of the defendants' bendamustine products, as well as injunctive relief requiring the defendants to cease all sales of their infringing products until the expiration of the patents in 2031. Eagle cannot predict the timing or ultimate outcome of the litigation described above or the impact of this litigation on its business.
FAST

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06:52 EST Fastenal expects reduced closing activity in 2024 - The company stated, "Our in-market network forms the foundation of our business strategy. In recent years, we have seen a gradual increase in our in-market locations because of significant growth in Onsites and, to a lesser degree international branches, which has more than overcome a meaningful decline in our traditional branch network. In any period, the number of locations closed tends to reflect normal churn in our business, whether due to redefining or exiting customer relationships, the shutting or relocation of customer facilities that host our locations, or a customer decision, as well as our ongoing review of underperforming locations. We will continue to open or close locations to sustain and improve our network, support our growth drivers, and manage our operating expenses. However, we believe the strategic rationalization that has produced the meaningful decline in our traditional branch network in the United States and Canada since 2013 is largely completed, and we expect reduced closing activity beginning in 2024."
FERG

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06:49 EST Ferguson considers new corporate structure - On December 5, Ferguson announced that it was considering a new corporate structure to domicile the Group's ultimate parent company in the U.S. which would better align the Company's headquarters and governance with its operations and leadership. Having now fully considered the merits and associated steps needed to achieve such an outcome, the Company's Board of Directors has concluded that it would be in the best interests of the Company and its shareholders as a whole to proceed with establishing this new corporate structure. The new corporate structure would be accomplished through a merger process by which the Company would become a direct wholly owned subsidiary of a new Delaware corporation. US TopCo would list its common stock on both the NYSE and London Stock Exchange. Shareholders of the Company would receive one new US TopCo share for each Company share held as of the business day preceding the transaction effective date. No additional equity would be raised by US TopCo as part of the transaction. The overall timeline for the transaction is expected to be: Mid/Late April 2024, Proxy Statement and Notice of Meeting issued to shareholders; late May 2024, special meeting of shareholders held in London; August 1, effective date of the transaction; Company shares exchanged for US TopCo shares; US TopCo shares begin trading on the NYSE and LSE.
KEY

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06:45 EST KeyCorp sees FY24 NII down 2%-5% vs. FY23 - Sees FY24 noninterest income up 5%+ with upside if capital activity normalizes. Sees relatively stable noninterest expense vs. FY23, net charge-offs 30-40bps, and a GAAP tax rate of 20%.
KEY

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06:44 EST KeyCorp reiterates long-term targets - In the long term the company expects: positive operating leverage, cash efficiency ratio of 54%-56%, net charge-offs to average loans 40-60 basis points and ROTCE 16%-19%. Guidance taken from Q4 investor presentation slides.
F...

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06:42 EST EU car market experienced 3.3% decline in December, ACEA reports - In December 2023, the EU car market experienced a 3.3% decline, recording 867,052 units in sales, reported the ACEA. "This drop can be attributed to the high baseline performance in December 2022. December also marked the first month of contraction after 16 consecutive months of growth," the industry group stated. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Reference Link
TGT

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06:38 EST Target names Michael Fiddelke COO - Target announced that Michael Fiddelke, who has served as the retailer's chief financial officer since November 1, 2019, has been named chief operating officer, effective February 4. Until his replacement is named, Fiddelke will continue to serve as chief financial officer for the company. As chief operating officer, Fiddelke will oversee the retailer's nearly 2,000 stores, its global supply chain network, fulfillment services including same-day delivery with Shipt, network capacity planning, enterprise operations, the teams responsible for building and remodeling Target stores and other facilities, and flight services. The retailer also announced updates to its leadership in merchandising. Recognizing the size, scale and complexity of its multi-category merchandise portfolio, Rick Gomez, currently Target's chief food & beverage officer, will oversee the retailer's frequency categories as chief food, essentials & beauty officer. Jill Sando, currently the retailer's chief merchandising officer, will oversee Target's discretionary categories as chief merchandising officer of apparel & accessories, home and hardlines. Gomez joined Target in 2013 and was named to the company's leadership team in 2017. Sando began her career with Target in 1997 and joined its leadership team in 2020. Both Gomez and Sando will continue to report to Christina Hennington, Target's chief growth officer.
MASI AAPL

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06:20 EST Masimo says Federal Circuit lifts stay on Apple Watch import ban - Masimo (MASI) said it welcomes the Federal Circuit's ruling to lift the temporary stay on the import ban of certain Apple Watch (AAPL) models. This decision reinstates the U.S. International Trade Commission's import ban and cease and desist order on Apple watches that were found to infringe Masimo's patented pulse oximetry technology, the company said in a statement. 'The Federal Circuit's decision to lift the temporary stay is a victory for the integrity of the American patent system and the safety of people relying on pulse oximetry," said Joe Kiani, Founder and CEO of Masimo. "It affirms that even the largest and most powerful companies must respect the intellectual rights of American inventors and must deal with the consequences when they are caught infringing others' patents." Reference Link
EC

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06:19 EST Ecopetrol issues statement on Arauca 8 well media reports - Ecopetrol issued a statement on the information published by some media outlets regarding the Arauca 8 well, located in the Municipality of Saravena in the Department of Arauca, Colombia, where the company and Parex Resources work together through a business collaboration agreement. The company said, "To determine the materiality for Ecopetrol of the discovery, it is necessary to complete the analysis and evaluation tests of said well. Therefore, once a comprehensive study of the production potential of this well is completed, the discovery will be formal notified to the National Hydrocarbons Agency, within the deadlines and subject to the contractual requirements of the Arauca agreement executed by Ecopetrol."
SEED

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06:17 EST Origin Agritech appeals Nasdaq delisting letter - Origin Agritech announced that it has submitted an appeal to Nasdaq's Listing Qualifications Department to request a further extension of time and present its plan to regain compliance with Nasdaq Listing 5550. The company is committed to maintaining its Nasdaq listing and is confident it can meet continuing listing compliance. The requested appeal stays any delisting or suspension action pending the issuance of a final decision by Nasdaq. The company is also working on completing its annual report on Form 20-F as soon as possible.
GTLB

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06:16 EST GitLab announces pricing of GitLab Duo Pro - GitLab last night announced the GitLab Duo Pro add-on for $19 per user per month, available through all GitLab deployment options including SaaS, self-managed, and Dedicated in February 2024. "GitLab Duo Pro combines Code Suggestions, generally available, and organizational controls in a single application with a privacy- and transparency-first approach to improve team collaboration and reduce the security and compliance risks of AI adoption," the company stated. Reference Link
NVVE

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06:16 EST Nuvve Holding announces 1-for-40 reverse stock split - Nuvve Holding announced that it will effect a 1-for-40 reverse stock split of its common stock, to be effective as of January 19. Nuvve's common stock will begin trading on a split-adjusted basis commencing upon market open on Monday, January 22.
SIX...

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06:14 EST Six Flags launches digital alliance with several technological companies - Six Flags Entertainment announced that it has launched the largest digital alliance in the theme park industry, partnering with Google (GOOGL), HCL Tech, Dell (DELL), Snowflake (SNOW), Fueled, and Pure Imagination Studios. The digital alliance-a first of its kind in the theme park industry- will offer cutting-edge technologies from best-in-class companies to benefit both guests and team members. The new latest technologies will revolutionize the guest experience by introducing immersive and interactive elements that are unparalleled in the theme park industry. Leveraging data-driven personalization, we'll provide tailored experiences for each guest, setting a new standard for customer engagement. The digital alliance is poised to unveil these groundbreaking innovations in the coming months.
GT STLA

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06:10 EST Goodyear Tire announces Mark Stewart as CEO - Goodyear Tire (GT) announced that Mark Stewart has been elected CEO and president, effective January 29. He will succeed Richard Kramer, who previously announced his planned retirement from the company following 24 years of service, including 14 as chairman, CEO and president. On the effective date, Laurette Koellner, independent lead director of Goodyear's board since 2019, will become non-executive board chair, and Stewart will be added to the Goodyear board as a director. Stewart joins Goodyear from Stellantis (STLA), where he served as COO of North America and a member of the group executive council.
RDWR

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06:10 EST Radware expands relationship with top five telecommunications firm - Radware announced it has expanded its relationship with one of the top five largest telecommunications companies in the world ranked by revenue. In a multimillion-dollar deal, the global telecom increased its investment in Radware's DefensePro DDoS Protection, which automatically detects and mitigates fast-moving, high-volume, encrypted or zero-day threats. With hundreds of thousands of employees, the telecom provides fixed line, mobile and internet services for consumers and businesses across more than 50 countries. The telecom expanded its use of Radware's DefensePro to address a rising demand for services while protecting service availability and minimizing false positives. The telecom also uses Radware's Alteon application delivery controller to manage application traffic, optimize application availability and performance, and keep its applications and data secure.
TSM

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06:08 EST TSMC sees FY24 capital budget $28B-$32B
TCBI

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06:06 EST Texas Capital reports Q4 net interest margin 2.93%, down 20 bps sequentially - Net interest income was $214.7M for the fourth quarter of 2023, compared to $232.1M for the third quarter of 2023. The decrease in net interest income was primarily due to a decrease in loans held for investment, mortgage finance yields, as well as increases in funding costs and average interest-bearing liabilities. Net interest margin for the fourth quarter of 2023 was 2.93%, a decrease of 20 basis points from the third quarter of 2023. LHI, excluding mortgage finance, yields increased 7 basis points from the third quarter of 2023 and LHI, mortgage finance yields decreased 152 basis points from the third quarter of 2023. Total cost of deposits was 2.82% for the fourth quarter of 2023, a 20 basis point increase from the third quarter of 2023.
ARGX

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05:24 EST Argenx announces MHLW approval for Vyvdura injection in Japan - Argenx announced that Japan's Ministry of Health, Labour and Welfare, or MHLW, approved Vyvdura injection for subcutaneous use for the treatment of adult patients with generalized myasthenia gravis, or gMG, who do not have sufficient response to steroids or non-steroidal immunosuppressive therapies, or ISTs. Following this decision, Vyvgart is now approved in Japan for both intravenous and self-administered SC use.
WKEY

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05:22 EST WISeKey, The Hashgraph Association enter collaboration during Davos 2024 - WISeKey and The Hashgraph Association, or THA, the non-profit Swiss organization behind the distributed ledger technology, or DLT, of Hedera Hashgraph, announced a collaboration during the Davos 2024 event. This joint initiative focuses on the legal and regulatory compliant tokenization of art assets and equity-shares of WISe.Art AG, subsidiary of WISeKey. The centerpiece of WISe.Art is the WISe.Art Marketplace built to redefine the way art is bought and sold, bringing transparency, security, authenticity, legal certainty, and fractional ownership to the forefront of the global art world. Leveraging WISeKey's 25 years of proven expertise in cybersecurity and cryptography, the platform introduces a novel approach to art transactions and digital representation, ensuring a seamless and trustworthy experience of value exchange for artists, collectors, and enthusiasts.
RXT...

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05:17 EST Rackspace Technology, Google Cloud AI enable BMG to process royalties faster - Rackspace Technology (RXT) has announced it has helped enable service enhancements for artists and songwriters signed to music company BMG. Using Google Cloud's (GOOGL) advanced AI and big data capabilities, BMG can process royalty payments ten times faster and track music 50% faster. The achievement stems from Rackspace Technology's Elastic Engineering team successfully migrating 95% of BMG's applications and services to Google Cloud. BMG's new cloud-based platform will also support new data tools it will use following its decision to take control of its previously outsourced distribution, striking direct deals with streaming platforms such as Spotify and Apple. Faced with a consistent 30% annual increase in the data intake and to address these complexities, BMG strategically pivoted to Google Cloud, recognizing the need for enhanced tools such as AI, Google Kubernetes Engine and BigQuery to manage burgeoning data volumes and optimize operational efficiency effectively.
XYL

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05:08 EST Xylem announces three-year contract with Tuscany's Publiacqua - Xylem set a new milestone in Italy's sustainable water journey through an agreement with Tuscany's Publiacqua. Under a three-year contract, Xylem aims to strengthen the resilience and operational efficiency of Medio Valdarno's water infrastructure by leveraging cutting-edge technologies including meter data analytics, real-time leak detection modules, and predictive maintenance tools. These solutions will enable the region to respond proactively to varying water demands and environmental challenges, such as drought, ensuring a more efficient and reliable water supply.
FSM

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05:07 EST Fortuna Silver Mines reports Q4 gold equivalent production 136,154 ounces - Fortuna Silver Mines reported production results for the fourth quarter and FY23 from its five operating mines in Latin America and West Africa. For FY23, Fortuna produced a record 326,638 ounces of gold and 5,883,691 ounces of silver or a record 452,389 gold equivalent ounces, including lead and zinc by-products. For Q4 the company reported record gold equivalent production of 136,154 ounces; a 6% increase compared to Q3 2023. Reported record gold production of 107,376 ounces; a 13% increase compared to Q3 2023 and silver production of 1,354,003 ounces; a 19% decrease compared to Q3 2023.