Stockwinners Market Radar for January 30, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:28 EST Cathie Wood's ARK Investment bought 106K shares of Robinhood today

20:26 EST Cathie Wood's ARK Investment bought 28.7K shares of Tesla today

19:32 EST Discover CFO sells $3.75M in common stock - In a regulatory filing, Discover disclosed that its CFO John Greene sold 35.2K shares of common stock on January 26th in a total transaction size of $3.75M.

19:02 EST SLB affirms FY24 guidance - CEO Olivier Le Peuch stated: "We acknowledge the decision by Saudi Aramco to maintain its Maximum Sustainable Capacity at 12 million barrels per day, and not to continue increasing MSC to 13 MMBD. We continue to work very closely with Saudi Aramco, and our understanding is that all ongoing oil and gas projects remain intact and that only two offshore oil increment projects not yet started will be suspended. Our forecast for significant growth for 2024 in the Kingdom remains intact. Looking ahead, the combination of our revenue mix in the Kingdom, which is weighted toward onshore and the expanding gas market, and our unique market position in other countries in the Middle East will continue to support the multi-year growth cycle in the region. As we shared during our most recent earnings release, global energy demand continues to increase, and international production is expected to play a key role in meeting supply through the end of this decade. Given this, we are confident in the strength and longevity of this cycle through 2024 and beyond."

18:32 EST Astellas Pharma announces strategic collaboration with Mass General Brigham - Astellas Pharma announced that it has entered into a strategic collaboration with Mass General Brigham that is focused on translational medicine and early development to establish an integrated approach to scientific advancement and clinical expertise. Initial projects of mutual interest will be focused in key areas of R&D investment for Astellas, including oncology, rare disease, and cell and gene therapy. Through the alliance, Astellas and Mass General Brigham aim to: Accelerate innovation through collaborative research, as well as exploring and expanding new research frontiers; translate innovative research into clinical trials and actionable solutions that address serious unmet needs and aim to improve healthcare for all; leverage scientific and clinical expertise to inform and accelerate the development of novel therapies.

18:10 EST Microsoft sees Q3 Intelligent Cloud revenue $26B-$26.3B - Sees Q3 More Personal Computing revenue $14.7B-$15.1B. Sees Q3 Productivity and Business Processes revenue $19.3B-$19.6B. Sees Q3 Office Consumer revenue growth in mid to high single digits. Sees Q3 LinkedIn revenue growth mid to high single digits. Sees Q3 Azure revenue growth stable vs. Q2. Sees Q3 Dynamics revenue growth in mid teens. Sees Q3 CapEx up "materially," sequentially. Sees Q3 currency boosting sales by less than 1%. Sees Q3: COGS $18.6B-$18.8B; OpEx $15.8B-$$15.9B; tax rate ~18%.

17:48 EST Verint Chairman Bodner sells over $2M in company shares - The Chairman of Verint Systems Dan Bodner disclosed the sale of 68,372 shares of company stock at $30 per share on January 26, for a total transaction amount of $2,051,160.

17:13 EST Walmart announces 3-for-1 stock split - Walmart announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. The stock split is part of Walmart's ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach. More than 400,000 associates participate in Walmart's Associate Stock Purchase Plan today, which allows eligible associates to buy stock conveniently through payroll deductions and provides a 15% company match on the first $1,800 each year. "Sam Walton believed it was important to keep our share price in a range where purchasing whole shares, rather than fractions, was accessible to all of our associates," said Doug McMillon, President and CEO of Walmart. "Given our growth and our plans for the future, we felt it was a good time to split the stock and encourage our associates to participate in the years to come. As Sam said, 'We're all in this together. That's the secret.'"

17:12 EST Starbucks says events in Middle East hurt results in U.S. - Says saw "unexpected" headwinds in Q3 which impacted rate of growth. Says remains "very confident" in long-term plans in China. Comments taken from Q3 earnings conference call.

17:04 EST Washington Federal receives regulatory approval for Luther Burbank acquisition - WaFd (WAFD) and Luther Burbank (LBC) jointly announced that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from the board of governors of the Federal Reserve System for Luther Burbank to be merged with and into WaFd on the terms and subject to the conditions of the agreement and plan of reorganization, dated as of November 13, 2022, by and between Luther Burbank and WaFd.

17:01 EST Myriad Genetics names George Daneker as Chief Clinical Officer of Oncology - Myriad Genetic "announced the appointment of George Daneker Jr., MD, as President and Chief Clinical Officer of Oncology, effective March 18, 2024. Dr. Daneker brings more than 30 years of oncology and precision medicine experience deeply rooted in providing accessible and equitable oncology care for all patients. In his new role, he will be responsible for leading the commercial and clinical strategy to advance Myriad's oncology portfolio, which currently offers germline testing, tumor profiling and companion diagnostic options, including homologous recombination deficiency testing."

17:00 EST Post Holdings CEO Rob Vitale to return from medical leave - Post Holdings "announced that Robert V. Vitale will end his medical leave and continue his full duties as President and Chief Executive Officer, effective January 30, 2024. Jeff A. Zadoks, who has served as interim CEO, will continue his position as Executive Vice President and Chief Operating Officer."

16:56 EST Apogee expects to incur $16M-$18M of pre-tax charges from Project Fortify - Apogee Enterprises announced strategic actions to further streamline its business operations, enable a more efficient cost model, and better position the company for profitable growth. Project Fortify includes the following strategic changes related to the Architectural Framing Systems segment: Eliminating certain lower-margin product and service offerings, enabling the consolidation of AFS into a single operating entity; Transferring production operations from the Company's facility in Walker, Michigan, to the Company's facilities in Monett, Missouri and Wausau, Wisconsin; and simplifying the segment's brand portfolio and commercial model to improve flexibility, better leverage the Company's capabilities, and enhance customer service. Additionally, the Company will implement actions to optimize processes and streamline resources in its Architectural Services and Corporate segments. "The actions we are announcing today progress our enterprise strategy and help position the Company to build on what we've achieved over the past two years," said Ty R. Silberhorn, Chief Executive Officer. "Project Fortify will further improve our cost structure, enhance organizational efficiency, and enable our team to focus on higher growth, higher margin opportunities." The Company will begin executing these actions immediately and expects to be substantially completed in the third quarter of fiscal 2025. The Company expects to incur approximately $16 million to $18 million of pre-tax charges in connection with Project Fortify, including: $7 million to $9 million of severance and employee related costs; $2 million to $3 million of contract termination costs, and $6 million to $7 million of other expenses. The Company will record these charges as incurred. Any restructuring charges incurred associated with Project Fortify are expected to be adjusted out of GAAP earnings and therefore would not impact adjusted diluted earnings per share for fiscal 2024 or 2025. The actions announced today are expected to lead to annualized cost savings of $12 million to $14 million and reduce the Company's workforce by approximately 250 employees. The Company expects approximately 60% of the savings to be realized in fiscal 2025 and the remainder in fiscal 2026. The Company expects that approximately 70% of the savings will be realized in the AFS segment, 20% in the Architectural Services segment, and 10% in the Corporate segment.

16:52 EST Robert Half says revenues for first three weeks of January down 17% y/y - The company also states: "For the first four weeks in January, permanent placement revenues were down 25 percent compared to the same period in 2023. 2024 capital expenditures and capitalized cloud computing costs: $90 million to $110 million, with $15M to $20M in the first quarter. Protiviti's first quarter segment income guidance includes the seasonal impact of annual staff promotions and compensation increases, all of which became fully effective on January 1. This produces a sequential decline in midpoint estimated segment margin of 6 percentage points, which is consistent with the 4-7 point decline experienced in most of the last 10 years." Reference Link

16:51 EST Powell announces 1% increase to common stock dividend - Powell announced that Board has approved a 1% increase to common stock dividend for the second consecutive year. "This action demonstrates both our commitment to delivering shareholders' return as well as our prudent approach to capital allocation in order to ensure sufficient liquidity to fund our expanding working capital requirements and growth aspirations," said management.

16:46 EST Abits Group produces 43.94 bitcoins in Q4 - Abits Group has released its operations update for the quarter ended December 31, 2023. As previously reported, the company completed the construction of its mining center at Duff, near the city of La Follette in the State of Tennessee in October 2023. The center is deployed with 1180 units of S19XP Hydro miners and 400 units of S19J Pro miners. As of December 31, 2023, the maximum mining hash rate reached 298 PH/s. During the fourth quarter ended December 31, 2023, the Company produced 43.94 bitcoins, including a small contribution of 4.34 bitcoins from its facility in Kazakhstan. Currently, the company is in the process of constructing a new generation of dry-cooler-type hydro containers, which is expected to be completed by the first quarter of 2024. Based on the company's preliminary estimate, upon completion of the project, the hash rate by then could reach up to 340 PH/s.

16:36 EST Navient to outsource student loan servicing as part of strategic actions - Navient announced strategic actions to simplify the company and reduce its expense base as a result of the review overseen by the board over the past several months. The strategic actions include outsourcing the servicing of its student loan portfolio to a third party; exploring strategic options for its business processing division-including potential divestment and streamlining the company's corporate functions to align with a simplified business model. Navient has entered into a binding letter of intent that will transition its student loan servicing to Mohela, a provider of student loan servicing for government and commercial enterprises. This transaction is intended to create a variable cost structure for the servicing of the company's student loan portfolio. Navient and Mohel will work toward ensuring a seamless transition in the coming months and providing customers with uninterrupted servicing of their loans. In addition, Navient has launched a process to explore a range of value-creating options for its business processing division. Through various subsidiary brands, this division provides high-quality business processing services for a variety of government and healthcare clients, including hospitals, toll-road authorities, state revenue divisions, and federal agencies. With the decision to outsource student loan servicing, exploring options for the business processing division increases the opportunities for shared cost reduction. Navient is working with financial and legal advisors to assist the company in exploring strategic options for this division, which may include a sale of the division in whole or in part. As it implements these actions, Navient also plans to reshape its shared services functions and corporate footprint to align with the needs of a more focused, flexible and streamlined company. Based on full-year 2023 operating expenses, approximately $400M, which is net of expected outsourced servicing expenses, could be eliminated under a scenario in which the three steps announced were completed. That scenario would also not include business processing revenue under a full-business divestiture scenario. Implementation of these transactions is expected to begin in 2024 and is expected to be largely complete over the next 18 to 24 months.

16:29 EST Jianpu Technology receives non-compliance letter from NYSE - Jianpu Technology announced that it has received a letter from the NYSE dated January 24, notifying the Company that it is below compliance standards due to the trading price of the Company's American depositary shares, the applicable cure period for the Company to regain compliance will expire on July 24, and with respect to the previous NYSE letter dated September 28, 2023 regarding ADS trading price, the receipt of which was announced by the Company on October 2, 2023, the NYSE confirmed that the Company had regained compliance as of November 30, 2023. Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above $1.00 within the applicable cure period following receipt of the notification. To address this issue, Jianpu intends to monitor the market conditions of its listed securities and is still considering its options.

16:20 EST Select Water Solutions acquires strategic water infrastructure assets for $90M - Select Water Solutions announced the acquisition of strategic water infrastructure assets in the Haynesville Shale and Rockies regions for approximately $90M of aggregate cash consideration. These acquisitions will add approximately 450,000 barrels per day of permitted disposal capacity to Select's Water Infrastructure segment across 21 active saltwater disposal wells, two slurry injection wells, a solids treatment facility and a number of approved permits for additional recycling and disposal facility development. The active disposal operations are supported by a significant portfolio of interconnected gathering pipelines, strategic surface acreage and right-of-way, and multiple long-term pipeline gathering and dedication contracts.

16:16 EST Atkore initiates quarterly dividend of 32c per share - The dividend is payable on March 15, 2024, to stockholders of record on February 27, 2024.

16:15 EST RealReal names Todd Suko as interim CFO - RealReal previously announced the departure of Robert Julian, Chief Financial Officer, effective January 31, 2024. On January 29, 2024, the Board of Directors of the Company appointed Todd Suko to serve as Interim Chief Financial Officer, effective February 1, 2024, while the Board continues its search for a permanent Chief Financial Officer. Mr. Suko currently serves as the Company's Chief Legal Officer and Secretary and will continue to serve in these capacities while serving as Interim Chief Financial Officer.

16:14 EST Match Group to roll out many AI-driven features in apps over course of 2024

16:09 EST Fortune Brands Innovations announces $650M share repurchase authorization - The Company announced that on January 29, 2024, its Board of Directors authorized the repurchase of up to $650 million of shares of the Company's outstanding common stock over the next two years on the open market or in privately negotiated transactions or otherwise, in accordance with applicable securities laws. The $650 million share repurchase authorization announced today is in addition to the $435 million remaining from an existing authorization which expires on March 1, 2024.

16:09 EST Starbucks up 2% at $96.25 after Q1 earnings beat

16:08 EST LuxUrban Hotels tot operate James NoMad Hotel in NYC - LuxUrban Hotels announced that it has signed and funded a 15-year Master Lease Agreement, plus two, five-year options, to operate The James NoMad Hotel in New York City. LuxUrban expects that The James will be rebranded as The J Hotel by LuxUrban, a Wyndham Grand Hotel. The Company expects to take possession of the property and begin welcoming guests on or before March 1, 2024. Boasting an exceptional Beaux-Arts style exterior, the James NoMad is a New York City landmark. This 353-room property - which carries a rating of 4.5 on Tripadvisor - is conveniently located in midtown Manhattan and just a short walk from the Empire State Building, Madison Square Garden and Grand Central Station. Eclectic, post-modern touches define the lobby and works from local artists adorn the walls. The hotel, designed by renowned architect Thomas Juul-Hansen, has been described as an "urban sanctuary."

16:08 EST Paycom names Steve Sturges as Chief Marketing Officer - Paycom Software announced the appointment of Steve Sturges to the role of chief marketing officer. Sturges has spent more than 35 years promoting some of the most influential and successful brands in the country. He co-founded Oklahoma City-based VI Marketing and Branding in 1992 and served as a partner and creative consultant for Paycom for more than 15 years.

16:07 EST Alphabet CFO says ended 2023 with 'very strong' quarter - Ruth Porat, President and Chief Investment Officer; CFO said: "We ended 2023 with very strong fourth quarter financial results, with Q4 consolidated revenues of $86 billion, up 13% year over year. We remain committed to our work to durably re-engineer our cost base as we invest to support our growth opportunities."

16:06 EST Alphabet CEO says 'best is yet to come' entering 'Gemini era' - Sundar Pichai, CEO, said: "We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud. Each of these is already benefiting from our AI investments and innovation. As we enter the Gemini era, the best is yet to come."

16:05 EST Alphabet reports Q4 Google advertising revenue $65.52B vs. $59.04B last year - Reports Q4 Google Search & other revenue $48.02B vs. $42.6B last year. Reports Q3 YouTube ads revenue $9.2B vs. $7.96B last year.

16:05 EST Hawaiian Holdings sees FY24 CapEx $500M-$550M - Sees FY24 ASMs up 6.0%-9.0%; and CASM up 0.7%-3.0%.

16:04 EST Leonardo DRS delivers 1,000th laser system key - Leonardo DRS (DRS) announced that it has delivered the 1,000th Solaris ruggedized laser system that is at the heart of Northrop Grumman's (NOC) Common Infrared Countermeasures system. CIRCM is a next-generation aircraft protection system designed to defend rotary wing, tilt rotor, and small fixed wing platforms across the U.S. armed services from a range of missile threats. "We are proud to be a trusted partner with Northrop Grumman on this critical technology designed to keep aircraft and aircrews out of harm's way," said Dr. Timothy Day, senior vice president and general manager of the Leonardo DRS Daylight Solutions business unit. "This highly reliable technology is designed for the high-threat environment our aircrews face today and tomorrow, and we are pleased to play a part in providing this protection for users across the services."

16:01 EST LyondellBasell and MSI Technology announce agreement - LyondellBasell and MSI Technology announced they have entered into an agreement for MSI Technology to serve the LyondellBasell Polybutene-1, or PB-1, resin line into consumer packaging applications for North America. MSI Technology is also the sales representative for the LyondellBasell Plexar product line. The expansion of the relationship is a strategic fit relative to the markets MSI Technology serves today. MSI Technology will use its technical sales approach combined with its current specialty product portfolio to enhance offerings to customers in consumer packaging. The PB-1 resin line is part of MSI Technology's product offerings. The company also provides clients with access to dedicated sales and technical service specialists who provide guidance on technical resin selection to meet customer requirements.

15:08 EST Acco Brands announces three-year restructuring program, to reduce headcount - In a regulatory filing, Acco Brands committed to a three-year restructuring and cost savings program, with anticipated annualized pre-tax cost savings of at least $60M. This includes the annualized savings of $12M related to the previously announced Sidney, New York facility closure. The program incorporates initiatives to simplify and delayer the company's operating structure and reduce costs through headcount reductions, supply chain optimization and global footprint rationalization. The company expects to record a pre-tax restructuring charge for the period ended December 31, 2023 of approximately $13M which is primarily employee termination and benefit costs. This is in addition to the $9M charge previously announced relating to the closure of its Sidney, New York facility. Total cash expenditures are expected to be $26M with cash outflows of $18M in 2024 and $8M in 2025. The Program also includes the company operating and reporting under two segments effective January 1. The two reportable segments will be the Americas and International. The Americas reportable segment includes the U.S., Canada, Brazil, Mexico and Chile. The International reportable segment includes EMEA, Australia, New Zealand, and Asia. The estimates of the charges and expenditures that the company expects to incur in connection with the program, and the timing thereof, are subject to a number of assumptions, and actual amounts may differ materially from estimates. In addition, the company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the Program.

14:02 EST Remark Holdings says $80M initial partnership with Microsoft 'official' - Remark Holdings tweeted: "It's official!!! @Microsoft making #RemarkAI global together - $80 million dollar initial partnership @Azure #ComputerVision #AI $MARK - Just in time for #SuperBowl2024." The company said in another tweet: "Looking forward to partnering with @Microsoft @Azure on #RemarkAI #computervision #largevisionmodels globally. This includes the videos showcased here on our government projects which includes NYC, LA, Miami, UK, Spain and Saudi Arabia $MARK" Reference Link

13:01 EST Nordstrom Rack to open two new locations in North Carolina - Nordstrom announced plans to open two new Nordstrom Rack stores in North Carolina. The new stores will be located in Raleigh and Matthews, which will open in fall 2024 and spring 2025, respectively. "We look forward to being a part of the Raleigh and Matthews communities and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack Stores. "We're excited to grow our footprint in these regions and introduce new customers to the Nordstrom experience." Lionello added that in these new locations, "customers will be able to take advantage of our convenient services such as online order pick up from both Nordstrom.com and NordstromRack.com, and they can make returns easily."

12:32 EST Avangrid announces onshore wind project in Oklahoma - Avangrid announced its first renewable energy project in Oklahoma. Pontotoc Wind, a 147.5 MW wind farm with 33 turbines, powering 40,000 homes, will be constructed in Pontotoc County, Oklahoma and expand Avangrid's presence in the U.S. to 25 states. "We are thrilled to be developing our first renewable energy project in Oklahoma, that will deliver clean, renewable, wind power to the Pontotoc County community along with jobs and local investment," said Pedro Azagra, Avangrid CEO. "With Pontotoc Wind, we are helping to accelerate a clean energy transition in the state and across the U.S." Pontotoc Wind will generate about 500,000 MWh of power each year, enough energy to power more than 40,000 homes.

12:10 EST T. Rowe Price raises quarterly dividend to $1.24 from $1.22 per share - T. Rowe Price Group declared a quarterly dividend of $1.24 per share payable March 28, to stockholders of record as of the close of business on March 15. The quarterly dividend rate represents a 1.64% increase over the previous quarterly dividend rate of $1.22 per share. "This will mark the 38th consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend," it said in a statement.

12:01 EST Borr Drilling falls -9.2% - Borr Drilling is down -9.2%, or -68c to $6.70.

12:00 EST Calix falls -26.9% - Calix is down -26.9%, or -$11.93 to $32.42.

12:00 EST MSCI rises 11.5% - MSCI is up 11.5%, or $63.43 to $614.38.

11:38 EST Williams increases quarterly cash dividend 6.1% to 47.50c per share - Williams' board of directors has approved a regular dividend of 47.50c per share, or $1.90 annualized, on the company's common stock, payable on March 25, 2024, to holders of record at the close of business on March 8, 2024. This is a 6.1% increase from Williams' fourth-quarter 2023 quarterly dividend of 44.75c per share, paid in December 2023. Some portion of this distribution may be considered a return of capital for tax purposes.

10:49 EST PepGen Inc trading halted, volatility trading pause

10:22 EST JetBlue in negotiations with Pratt & Whitney about compensation

10:19 EST JetBlue currently has 7 aircraft parked due to GTF engine issues

10:13 EST Sysco expects 'positive momentum' to continue into 2H24 - Says expects to buyback $1.25B of stock in 2024, up from $750M. Says playing from a position of strength. Says grew market share profitably in Q2. Says remains solidly on track to deliver on growth ambitions. Says focused on improving sales execution. Says refined compensation model, can see the impact of the compensation change. Says focus on performance management continues. Says total team selling continues to gain traction. Says confident in ability to continue to grow local sales. Says continues to improve performance of supply chain. Says focused on continuing to improve colleague retention and performance in supply chain. Says remains on track with Recipe for Growth business transformation. Says FY24 off to a 'strong' start.

10:07 EST JetBlue 'strongly disagrees' with court ruling on Spirit merger, says Hayes

10:06 EST JetBlue's outgoing CEO 'confident about next phase of our evolution' - Comments taken from Q4 earnings conference call.

10:04 EST Caesars to offer mobile sports betting throughout North Carolina - Caesars Entertainment announced an expansion of its relationship with the Eastern Band of Cherokee Indians to bring the company's sports wagering platform online in the Tar Heel State for the launch of legalized mobile sports wagering. "The agreement furthers the partnership, granting Caesars Sportsbook with mobile sports betting market access via a license held by the Eastern Band of Cherokee Indians Tribal Casino Gaming Enterprise, subject to all required regulatory approvals. Caesars Sportsbook intends to go live with mobile sports wagering when North Carolina launches online sports betting on March 11, 2024. Ahead of the official launch, the Caesars Sportsbook mobile app will begin accepting sign-ups and deposits starting on March 1," Caesars stated.

10:00 EST Cooper-Standard rises 8.2% - Cooper-Standard is up 8.2%, or $1.40 to $18.53.

10:00 EST General Motors rises 9.2% - General Motors is up 9.2%, or $3.26 to $38.65.

10:00 EST Borr Drilling falls -11.4% - Borr Drilling is down -11.4%, or -84c to $6.54.

10:00 EST Calix falls -26.6% - Calix is down -26.6%, or -$11.81 to $32.54.

09:57 EST Neximmune Inc trading resumes

09:52 EST Neximmune Inc trading halted, volatility trading pause

09:47 EST Borr Drilling falls -12.3% - Borr Drilling is down -12.3%, or -91c to $6.47.

09:47 EST Calix falls -26.4% - Calix is down -26.4%, or -$11.71 to $32.64.

09:47 EST MSCI rises 7.5% - MSCI is up 7.5%, or $41.29 to $592.24.

09:46 EST Aileron Therapeutics trading halted, volatility trading pause

09:32 EST Tivic Health enters distribution agreement with medical product distributor - Tivic Health Systems entered a limited exclusive distribution agreement with one of the Top 10 Medical Equipment Distributors and Suppliers in the nation. Under the terms of the agreement, the new Distributor will have certain exclusive distribution rights for Tivic Health's ClearUP product for Walmart, Target, eBay and Kroger, as well as non-exclusive distribution rights in other specified on-line channels.

09:27 EST UPS says Amazon.com accounted for 11.8% of revenue in 2023

09:26 EST UPS says pricing environment 'very rational' - Says volume decline "heavily weighted" in Europe. Says drama in Red Sea causing "a lot of chaos."

09:18 EST Carnival reroutes Red Sea transits - Carnival has been actively monitoring the situation in the Red Sea and surrounding region and given recent developments and in close consultation with global security experts and government authorities, has made the decision to reroute itineraries for 12 ships across seven brands, which were scheduled to transit the Red Sea through May 2024. The Red Sea rerouting is expected to have an adjusted EPS impact of 7c-8c for full year 2024, with the vast majority of the impact in Q2. The company has not seen an impact on booking trends due to the Red Sea situation and has no other Red Sea transits until November 2024. For 2024, the company continues to have the best booked position on record, with both pricing and occupancy considerably higher than 2023 levels. In fact, the first half of 2024 is almost fully booked. In addition, the company redeemed the outstanding $571M, 9.875% second-priority senior secured notes due 2027, eliminating all of the remaining second lien debt outstanding.

09:17 EST Sonoco to divest Protective Solutions business to Black Diamond for $80M - Sonoco Products Company announced that certain of its subsidiaries entered into a definitive agreement to sell its Protective Solutions business to Black Diamond Capital Management for an estimated $80 million in cash. The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2024. This sale is the result of Sonoco's continuing evaluation of its business portfolio and is consistent with its strategic and investment priorities. Sonoco's Protective Solutions business is one of North America's premier manufacturers of molded expanded polypropylene and expanded polystyrene foam components and integrated material solutions serving the automotive, power sports, impact surfaces, HVAC, electronics/technology, appliances, and various other industrial end markets. The business operates nine manufacturing facilities and has approximately 900 employees. Net sales were approximately $170 million in 2023. Financial results for Protective Solutions are reported in Sonoco's All Other Businesses reporting segment.

09:13 EST Autonomix regains exclusive worldwide rights to technology for cardiology field - Autonomix Medical announced that it has regained exclusive worldwide rights to its technology for cardiology field use from Impulse Medical. "We have made significant progress over the course of the past year. With the recent closing of our IPO and listing onto Nasdaq as well as the progress we've made on the preclinical development front, we continue to build momentum. Regaining the cardiology rights to our innovative technology broadens our development opportunities and provides further optionality related to our development strategy moving forward. Looking ahead, we remain focused on our pancreatic cancer pain development program and are on track to commence our first-in-human clinical study this quarter," commented Lori Bisson, Chief Executive Officer of Autonomix.

09:11 EST UPS sees positive U.S. daily volume growth in 2H24 - Expects higher labor costs in 1H24. Says capital allocation strategy remains unchanged. Says 75% of 12,000 headcount reduction to occur in 1H24. Says job cuts are 14% of approximately 85,000 management positions.

09:11 EST Rail Vision reveals next generation AI computer for railway safety - Rail Vision announces its next generation AI- based computer to be incorporated in its Main Line and Switch Yard systems. This advanced system represents a major evolution from the Company's existing AI-based solutions, featuring advanced real-time deep learning capabilities and compliance with stringent railway standards. "Rail Vision's next-generation AI computer system, is a significant milestone in railway safety technology. This innovation embodies our unwavering commitment to advancing railway security, marrying cutting-edge AI with real-time processing to prevent accidents and save lives. Our system, technology and cloud connectivity are transformative leap forward, marking a new chapter in intelligent railway operations", said Shahar Hania, Rail Vision's Chief Executive Officer.

09:10 EST Euronet announced a multi-year agreement with Banco Guayaquil - Euronet (EEFT) announced a multi-year agreement with Banco Guayaquil, that begins with revolutionizing the transaction-switching solutions for VISA (V), MasterCard (MA) and American Express (AXP) within the bank's broad network. Central to this agreement is the deployment of Euronet's Ren payments platform and its advanced Software as a Service model that will enhance compliance, operational uptime and technology adaptability at the bank, impacting millions of cards and overseeing millions of transactions monthly. As part of the initial switching and future projects, Ren will provide the following benefits to the bank during the partnership: Phased Migration and Zero-Downtime Transition. Compliance and Uptime Improvements. Adoption of Open Banking and New Technologies.

09:09 EST Glatfelter enters partnership with Tzuriel - Glatfelter Corporation announced its growing partnership with Tzuriel, am importer and exporter of specialty products based in Pinhais, Brazil. This collaboration marks a significant step in advancing the Sontara brand in Latin America. Tzuriel, known for its extensive experience and technical expertise in various specialty markets, will be supporting Sontara's sales and distribution efforts in South America. The partnership includes the distribution of Sontara materials across the region, tapping into Tzuriel's well-established network and logistics capabilities.

09:08 EST Model N launches price management to help streamline pricing - Model N has launched Price Management, a new solution that enables semiconductor, electronic component, and high-tech manufacturers to manage price execution across direct and channel sales teams globally. Fully integrated with Model N Deal Management, Price Management streamlines pricing updates to reduce the effort required to keep prices current and consistent - enabling tight pricing control and seamless market execution. "Model N has directly seen the challenges high-tech manufacturers experience in executing and updating complex pricing models across markets," said Suresh Kannan, chief product officer at Model N. "Model N's new Price Management solution fills a market gap by equipping our customers with greater pricing control, speed, and flexibility that leads to revenue optimization and profitability. Integrated with Model N's Deal Management, Price Management distinguishes Model N as the leader in revenue cloud applications for high-tech companies."

09:06 EST Dominion receives two last federal approval for Coastal Virginia wind project - Dominion has received the last two major federal approvals needed to begin construction of its 2.6-gigawatt Coastal Virginia Offshore Wind - CVOW -, keeping the largest offshore wind farm in the United States on schedule to generate enough clean, renewable energy to power up to 660,000 homes once fully constructed in late 2026. The Bureau of Ocean Energy Management provided its final approval of CVOW's Construction and Operations Plan, which authorizes construction offshore. The U.S. Army Corps of Engineers issued its permit to allow for permitted impacts to U.S. waters, including the route of the electric transmission line that will connect the clean, renewable energy generated offshore to the electric grid onshore. More than 750 Virginia-based workers - nearly 530 in theHampton Roadsregion - have been engaged on the CVOW project or with other businesses supporting CVOW. More than 1,000 local jobs will be needed to support ongoing operations and maintenance of this facility after the project begins commercial operation. Initial offshore construction activities related to the export cable and the monopile foundation installation is expected to begin in Q2 of this year.

09:04 EST Lucid Group names Matt Everitt as General Counsel - Lucid Group is pleased to announce the appointment of Matt Everitt as General Counsel. Everitt joins Lucid after 12 years at Mercedes-Benz, where he held several leadership roles in both the U.S. and Germany, most recently as General Counsel of Mercedes-Benz North America.

09:02 EST General Motors 'committed' to Cruise, technology is 'sound,' says CEO

09:01 EST Arthur J. Gallagher acquires Horak Insurance - Arthur J. Gallagher acquired Washington, Iowa-based Horak Insurance. Terms of the transaction were not disclosed. Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines clients as well as farms in eastern and central Iowa. Paul Horak, Luke Horak and their team will remain in their current locations under the direction of Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.

08:59 EST Cleveland-Cliffs sees FY24 capital expenditures $675M-$725M - Cleveland-Cliffs (CLF) sees FY24 capex similar to FY23 . Sees $500M benefit to FY24 adjusted EBITDA from cost reductions. Sees FY24 steel shipments 16.5M net tons. Says was company D in stated proxy files by U.S. Steel (X) last week. Says Nippon Steel (NPSCY) acquisition of U.S. Steel has uncertain path to close. Says M&A deals invloving unions and labor agreements are not cookie cutter. Says Cleveland-Cliffs' final proposal valued U.S. Steel at $60 per share. Says offer included remedies to decrease antitrust regulatory risk. Says current deal with Nippon has political risks given supply chain and national security. Says generated more cash in 2023 than in 2022 despite lower EBITDA. Says plans to be even more aggressive with share buybacks. Says buybacks are the number one priority going forward. Comments and guidance taken from Q4 earnings conference call.

08:55 EST GM sees 2024 market similar to 2023, sees total U.S. industry volumes 16M units

08:50 EST Lexaria Bioscience submits IND application to FDA for DehydraTECH-CBD trial - Lexaria Bioscience submitted its Investigational New Drug application with the U.S. Food and Drug Administration for its planned U.S. phase 1b hypertension clinical trial HYPER-H23-1 of DehydraTECH-CBD. This IND submission follows a successful pre-IND meeting with the FDA which provided Lexaria with guidance related to the development and filing of the IND. From 2018 through 2023, Lexaria sponsored five investigator-initiated human clinical studies of its DehydraTECH-CBD in an aggregate total of 134 people, without recording a single serious adverse event. These Studies evidenced significant reductions in resting blood pressure over both acute and multi-week dosing regimens alone and, in some cases, complementary to standard of care medications; suggesting that DehydraTECH-CBD has the potential to have broad therapeutic utility.

08:48 EST Camber Energy receives purchase order for VKIN-300 Waste Treatment system - Camber Energy announced that BOX 03 International issued a purchase order for a VKIN-300 Waste Treatment system designed by Camber's majority-owned subsidiary, Viking Ozone Technology. The VKIN-300 unit is intended for use by one of BOX 03's existing clients, a waste management company based in France that has been active in collecting, managing and treating waste from healthcare facilities for over twenty-five years.

08:46 EST GM developing new targets for Cruise, no timeline for relaunch

08:46 EST Sigyn Therapeutics announces 1-for-40 reverse stock split - Sigyn Therapeutics announced that a 1-for-40 reverse split of its common stock will be implemented tomorrow, January 31, 2024. As a result, the Company's common stock will trade on a post-split basis at the beginning of the trading day on January 31st under its existing trading symbol "SIGY." The CUSIP number for the common stock following the reverse stock split will be 82674U205. The reverse stock split is intended to increase the market price per share of the Company's common stock to gain compliance with the minimum bid listing requirement of The Nasdaq Capital Market in connection with the Company's pending application for listing. Proportionate adjustments will be made to the conversion and exercise prices of the company's warrants, restricted stock unit awards, stock options and to the number of shares issued and issuable under the Company's equity incentive plans.

08:45 EST Nocturne Acquisition announces postponement of EGM - Nocturne Acquisition Corp. Board of Directors has voted in favor of postponing the meeting date for the Extraordinary General Meeting that was to be held on January 30, 2024 for shareholders to vote on the proposed business combination with Cognos Therapeutics, Inc. The Extraordinary General Meeting will now be held virtually on February 6, 2024 at 10:00 a.m. Eastern Time, and the Company plans to continue to solicit proxies from shareholders during the period prior to the Extraordinary General Meeting. The record date for the Extraordinary General Meeting remains the close of business on December 29, 2023. No changes have been made in the proposals to be voted on by the shareholders at the postponed meeting. Shareholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action. Stockholders as of the record date may vote, even if they have subsequently sold their shares. The deadline by which shareholders must exercise their redemption rights in connection with the Extraordinary General Meeting has been extended to two business days prior to the postponed meeting.

08:44 EST UPS plans to cut 12,000 jobs, sees $1B cost reduction - Comments taken from Q4 earnings conference call.

08:42 EST AmpliTech Group's AmpliTech unveils new Ka Band LNB - AmpliTech announced its AmpliTech Inc Division's newest product release, a Ka Band LNB. Featuring its proprietary AmpliTech LNA low noise technology, this Ka Band LNB was designed for superior performance in small sats, LEO, MEO, GEO and portable or fixed Ka-Band teleport applications. This innovative new product is part of AmpliTech's rollout of targeted industry solutions that improve and transform current telecommunications technology. CEO Fawad Maqbool remarked, "LNBs are essential and located in the feed of the dish antennas that we see everywhere all over the world. The little box that is in the middle of the dish is an LNB that is responsible for picking up the small signals coming from streaming companies like Amazon, Disney, CNN, and a multitude of other entertainment providers. The higher performance in these LNBs, means less downtime and better quality of signal to your TV or laptop. So, the next time you get a nice clean picture on your TV, there is a hard-working LNB making this possible. AmpliTech is committed to making the highest performing LNBs in the industry for everyone's viewing pleasure."

08:41 EST Gulf Resources announces completion of flood prevention project - Gulf Resources announced that it has completed its approximately $50M flood prevention project recently. This project was implemented for safeguarding its bromine facilities. While implemented to protect its bromine facilities and prevent potential flooding that could harm the wells, aqueducts and crude salt pans at the Company's plant, the Company expects two long-term benefits: 1. Cost Savings. Over the past six years, the Company has spent approximately $47 million repairing its facilities after two separate typhoons. This amount is close to the total cost of the flood prevention project. The Company believes the flood prevention project may mitigate the risks and associated expenses related to future storms-induced flooding and prevent major flooding in the future, ultimately saving money in the long run. 2. Enhanced Utilization. Through the flood prevention project, the Company believes it may be able to drill in certain low-lying areas that were previously not suitable for wells. This expansion may result in higher utilization rates, particularly as the markets for bromine and crude salt improve.

08:40 EST Seanergy Marine achieves key partnership with E.U. funded SAFeCRAFT - Seanergy Maritime through its wholly-owned subsidiary Seanergy Shipmanagement, is the first Greek-based shipping company to accomplish a strategic partnership in the European Union, E.U., Funded SAFeCRAFT Project Consortium, a breakthrough initiative concerning the utilization of alternative fuels. Safecraft aims to demonstrate the safety and viability of Sustainable Alternative Fuels in seaborne transportation, accelerating the adoption of SAFs technologies. Seanergy will provide one of its existing, conventionally fueled Capesize vessels as the demonstrating vessel under Safecraft which will be retrofitted to utilize hydrogen as the main energy source for electric power generation. Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer, stated: "We are the first Greek-based shipping company on this groundbreaking project. The strategic partnership with the European Union and key industry stakeholders is another major achievement of our Company towards our global ESG objectives. Safecraft is advancing our proven strategy of making the current vessels more efficient and potentially reducing radically GHG emissions by utilizing alternative fuels and new technologies on the existing fleet."

08:39 EST EpicQuest Education reports current enrollment metrics - EpicQuest Education announced current enrollment metrics for its owned and operated schools, Davis University and EduGlobal College. In EduGlobal College, the company believes that it is performing very well in recruiting students during the academic year, with this effort expected to lead to a substantial increase in revenue. In the Fall 2023 semester, 13 students arrived at EduGlobal College and began their iUPP academic program. For the Spring term beginning in January 2024, the number increased by 192% year-over-year to a total of 38 students in the iUPP program, not including the 15 students whose visa applications are pending. In Davis University, there were 12 students enrolled in the foundational program of Davis University at Peking University for the Fall 2023 term beginning in September of 2023. For the Spring semester beginning in January of 2024, an additional 10 students were enrolled in the program, representing an 83% increase. There are now a total number of 60 students who are enrolled in the two foundational programs of Davis University. A total of 16 students entered the English Language Center at Miami University Regionals for the Spring 2024 term, representing a 46% year-over year increase as compared to the number of students registered in the Spring 2023 term.

08:38 EST Douglas Dynamics implements 2024 Cost Savings Program - The recently implemented 2024 Cost Savings Program, which is primarily in the form of salaried headcount reductions, impacted both the Work Truck Attachments segment and corporate functions. The structural changes are anticipated to yield annual pre-tax savings of $8 million to $10 million, with approximately 75% of the anticipated annualized savings expected to be realized in 2024. The implementation of these initiatives is expected to lead to approximately $2 million in pre-tax restructuring charges related to workforce reduction costs and other related expenses. We expect to incur these charges primarily in the first quarter of 2024, and Adjusted EBITDA will be adjusted for any items affecting comparability. McCormick explained, "While our business model is designed to adapt quickly to temporary weather driven challenges, the historic low snowfall trends seen in the past few years has led us to look beyond our typical cost cutting measures. While we expect to unlock significant savings from the initiatives, we remain equally confident in protecting and growing our competitive advantages, which leaves us well positioned to drive growth over the medium- to long-term."

08:37 EST Douglas Dynamics says Solutions segment completed strong finish to 2023 - The Solutions segment completed a strong finish to 2023, producing double digit EBITDA margins in the fourth quarter of 2023. On a full year basis, initial results indicate Net Sales growth above 15% and adjusted EBITDA growth of approximately 100% when compared to 2022 results, which is a testament to the progress made on margin improvement and baseline profit initiatives. "I'm pleased to say that Solutions delivered year over year margin improvement each quarter this year, as planned. We enter 2024 with optimism based on our strong fourth quarter performance, ongoing positive demand and continued elevated backlog," noted McCormick.

08:37 EST Kimberly-Clark appoints Grant McGee as Senior VP and General Counsel - Kimberly-Clark appointed Grant McGee to Senior VP and General Counsel, effective Feb. 1. He will report to Jeff Melucci, who is expanding his enterprise responsibilities as Chief Business and Transformation Officer. McGee will also become a member of Kimberly-Clark's executive leadership team. McGee rejoins Kimberly-Clark from American Airlines, where he served as vice president, deputy general counsel and corporate secretary. Before that, he served in various roles of increasing responsibility at Kimberly-Clark from 2015 to 2022.

08:36 EST GM plans to reduce shares outstanding to fewer than 1B, says CEO - Comments taken from Q4 earnings conference call.

08:35 EST Inspira Technologies signs distribution agreement to enter Gulf States - Inspira Technologies announced its summary distribution agreement with Glo-Med Networks, a U.S. company with a regional office in Jeddah, Saudi Arabia. Under the Agreement, Glo-Med will be designated as the company's distributor in Saudi Arabia, United Arab Emirates and Bahrain. Inspira stated that it believes that Saudi Arabia's dual strategy to invest $65B and further privatize its healthcare sector, or Vision 2030, signals that the Territory is a burgeoning market for medical innovation. The summary distribution agreement will be followed by a more comprehensive agreement. Glo-Med will be the exclusive Territory distributor of the Devices provided that it meets the minimum purchase targets amounting to 531 INSPIRA ART devices and 8,794 disposable units from when the relevant regulatory approvals for the Devices in the Territory are granted.

08:33 EST CorMedix announces commercial, reimbursement updates - CorMedix announced updates related to its business and anticipated launch of DefenCath. Recent Updates: On January 25, 2024 the Center for Medicare & Medicaid Services notified CorMedix that the agency has determined DefenCath will be eligible for reimbursement in accordance with the ESRD PPS. As such, CorMedix is entitled to submit an application for a Transitional Drug Add-On Payment which currently allows for five years of additional payment reimbursement to outpatient providers. As a result of CMS' determination that DefenCath is within the scope of the ESRD PPS and eligible for TDAPA, CorMedix has established its list price of $249.99 per 3ml vial, to account for the market dynamics and functionality of the TDAPA framework. CorMedix previously applied for and received a New Technology Add-On Payment from CMS for inpatient reimbursement of DefenCath. CorMedix reiterates its previously disclosed launch guidance of April 15, 2024 for inpatient commercialization, and a target of July 1, 2024 for the commencement of outpatient commercialization.

08:30 EST Mobix Labs begins filtered connector parts deliveries used in Tomahawk missiles - Mobix Labs (MOBX) announced it has begun delivering filtered connector parts that are used in the U.S. Navy's Tomahawk Cruise Missile. Financial details were not disclosed. According to a recent article in Newsweek, the U.S. has thousands of Tomahawk missiles in its arsenal and in vessels deployed around the world. The Tomahawk cruise missile is a long-range precision weapon launched from the U.S. military's ships and submarines. It can "strike targets precisely from 1,000 miles away, even in heavily defended airspace," according to the missile's manufacturer, defense giant Raytheon. The Company is excited to announce another defense industry program using its components as a result of its M&A growth strategy. The Company will continue to engage in additional accretive M&A activities that will increase its access to additional marketplaces and industry verticals.

08:27 EST VIctory Energy announces collaboration with Redding Rancheria EDC - Victory Clean Energy subsidiary H2 Energy Group and Redding Rancheria Economic Development Corporation are pleased to announce their new venture in Northern California. Through this project, H2 Energy Group will work with Redding Rancheria Economic Development Corporation to bring Affordable TrueGreen Hydrogen to Native American communities and Disadvantaged Communities in the area. H2 Energy Group will provide completely Sustainable TrueGreen Hydrogen technology and expertise to help these communities transition to Sustainable energy sources and reduce their reliance on fossil fuels.

08:24 EST Bausch Health announces CABTREO topical gel availability in the U.S. - Bausch Health Companies announced the U.S. launch of CABTREO Topical Gel, 1.2%/0.15%/3.1% indicated for the topical treatment of acne vulgaris in patients 12 years of age and older. CABTREO Topical Gel is the first and only U.S. Food and Drug Administration-approved fixed-dose, once-daily triple-combination topical treatment for acne and offers three mechanisms of action, combining an antibiotic, retinoid and antibacterial, to provide a proven, safe and effective treatment.

08:21 EST BT Group selects Optiva to develop B2B, B2C, B2B2X services - BT Group has extended its strategic partnership with Optiva to develop and monetize new B2B, B2C and B2B2X services. Optiva's application server, a key component of the Optiva Charging Engine, will be upgraded to a next-generation, cloud-native, open architecture service creation platform. It will include Optiva's Open API framework, enabling integration with new cutting-edge technology partners, including blockchain and artificial intelligence tools, fostering the growth of new services and new revenue opportunities.

08:19 EST Energica Inside enters agreement with Nimbus for electric powertrain - Energica Inside has signed an agreement to provide technology to help electrify the historic Nimbus Model C motorcycle. As part of the agreement Energica Inside will support Nimbus's release of the classic Model C as an electric motorcycle.

08:18 EST Intellicheck completes 3rd-party surveillance audits to retain certification - Intellicheck announced it has successfully completed intensive third-party surveillance audits to retain certification status for another year from the International Standards Organization for ISO/IEC 27001:2013 and ISO/IEC 27701:2019 certification. Intellicheck CEO Bryan Lewis said the recertifications underscore the company's dedication to the most rigorous standards for securing both customers' and company data. "This achievement is one more validation of the strength of our commitment to our clients, partners, and stakeholders. Intellicheck remains a world-class company at the forefront in providing market leading on-demand digital and physical validation solutions that accelerate customer onboarding and enhance trust with a secure, frictionless experience while assuring the utmost standards in data security and privacy."

08:17 EST CACI announces five-year, single-award task order of up to $81M - CACI announced that it won a five-year, single-award task order valued at up to $81M to provide expertise to the Defense Intelligence Agency, or DIA, National Media Exploitation Center, or NMEC. The Storefront and Dissemination Support task order will provide global information technology operational, sustainment, and modernization for databases across the intelligence community and the Department of Defense.

08:15 EST Annovis Bio announces filing of new patent application for mental illnesses - Annovis Bio announced the filing of a patent application covering the use of buntanetap and its analogues for the treatment of neuropsychiatric indications. This application follows the U.S. Provisional Application No. 63/440,890 which was filed on January 24, 2023. The patent application titled "Treatment of Mental Illness via Administration of Buntanetap and Analogues Thereof" addresses methods for treating, inhibiting, reducing, slowing, or delaying onset of mental illnesses by administration of buntanetap or its pharmaceutically acceptable salts. Buntanetap can be used alone or synergistically with effective quantities of antipsychotic agents, antidepressant agents, hallucinogenic agents, or combinations thereof. "The ability of buntanetap to inhibit a wide range of neurotoxic proteins, as shown in our Alzheimer's and Parkinson's studies, is associated with improved mental health which opens new avenues for delaying or treating certain mental conditions," said Maria Maccecchini, Ph.D., Founder, President, and CEO of Annovis. "The filing of this patent application serves as a robust reinforcement of our intellectual property portfolio, bolstering our mission to bring therapeutic solutions for brain-related disorders to market, which now also include mental illness in addition to neurodegeneration diseases."

08:14 EST Bionano Genomics announces conclusion of 2024 Symposium - Bionano Genomics announced the conclusion of Bionano's 2024 Symposium, the quintessential event for the optical genome mapping community, which was held January 22-25, 2024, and featured a record 32 oral presentations and 69 scientific posters from genomic scientists at leading institutions, including Brigham and Women's Hospital, The University of Texas MD Anderson Cancer Center, Institute Curie, Memorial Sloan Kettering Cancer Center and Johns Hopkins University School of Medicine. Symposium had over 2,100 registrants from 92 countries and averaged 574 attendees per day. During this four-day online event, presenters reported on their use of OGM for applications in cancer, genetic disease, and cell and gene therapy.

08:13 EST iCAD appoints Michael Doyle to board of directors - iCAD announced the appointment of Michael J. Doyle to its Board of Directors, effective immediately. He is currently the CEO of Spire Health.

08:12 EST Aqua Metals secures tax abatement for Sierra ARC battery recycling campus - Aqua Metals announced the receipt of an economic incentive package of approximately $2.2 million from the Nevada Governor's Office of Economic Development, GOED, which will assist the Company in its Nevada expansion. Pursuant to the terms of the abatement, this impactful support encompasses partial tax relief over a ten-year period towards approximately $17 million worth of equipment and $18 million worth of building and land improvements planned for the first phase of the Company's Sierra AquaRefining Campus, ARC. "We are immensely grateful for the programs from the State of Nevada via the Governor's Office of Economic Development that support new and expanding companies and appreciate the strong affirmation of our innovative approach to sustainable recycling," said Steve Cotton, President and Chief Executive Officer of Aqua Metals. "This economic incentive will bolster our efforts at the Sierra ARC, further enabling us to continue creating good-paying jobs and contribute even more significantly to Nevada's growing clean energy sector."

08:11 EST Agilent, Incyte collaborate to develop advanced companion diagnostics - Agilent (A) announced an agreement with Incyte (INCY) that will bring together Agilent's expertise in the development of companion diagnostics, or CDx, to support the development and commercialization of Incyte's hematology and oncology portfolio. The agreement between Agilent and Incyte allows the companies to collaborate on CDx development programs. This will enable Agilent to continue to expand its companion diagnostics portfolio with novel biomarkers and Incyte to leverage Agilent's expertise in IVD assay development, global regulatory approvals, and commercialization to support clinical trials as well as the potential registration and commercialization of CDx in the United States and Europe.

08:09 EST Motus GI Holdings publishes results from European study of Pure-Vu system - Motus GI Holdings announced the publication of positive data from a study of the second generation Pure-Vu System in a manuscript titled, "An intraprocedural bowel cleansing system for difficult-to-prepare patients-A multicenter prospective feasibility study," in the peer-reviewed journal, United European Gastroenterology. The Company's Pure-Vu System is an FDA-approved and CE-certified bowel cleansing system intended to increase visualization in inadequately prepared colons by offering intraprocedural cleansing. The single arm, international, multicenter colonoscopy study evaluated if an adequate level of bowel cleansing could be achieved with the Pure-Vu System in patients with previous poor bowel preparation. The study enrolled a total of 44 patients with previous poor bowel preparation within the last 2 years. Typically patients with a history of poor bowel prep are prescribed a more aggressive prep regime on their follow up colonoscopy, whereas in this study all patients received a limited bowel preparation followed by intra-procedural bowel cleansing with the Pure-Vu System. The BBPS was assessed before and after segmental washing by the endoscopist who performed the procedure and later by an independent endoscopist. The study exclusion criteria included previous colon resection, previous colorectal cancer, colitis, lower gastrointestinal bleeding with hemodynamic instability, ASAgreater than3, insufficiently corrected anticoagulation disorders, inability to provide informed consent. Results from the study met the primary endpoint, showing a median BBPS increase from 1-2-2 to 3-3-3 with 31.8% and 88.6% of patients adequately prepared before and after using the Pure-Vu System, respectively. The study also met its key secondary endpoints. The study reported a cecal intubation rate was 88.6%, and, in patients with complete colonoscopy, the adequate cleansing rate was 97.5%. Median total procedure time was 26 minutes, of which 5.3 minutes were spent on cleaning. General ease of use was scored with a median of 4 out of 5, representing "as good as conventional colonoscopy." No serious adverse events occurred.

08:09 EST Ace Global Business Acquisition extends period for initial business combination - Ace Global Business Acquisition announced that Ace Global Investment Limited, the company's initial public offering sponsor, has deposited into the company's trust account an aggregate of $98,858.95 representing, approximately $0.05 per ordinary share, in order to extend the period of time the company has to complete a business combination for an additional one month period, from February 9 to March 8. The company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the company's units at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the company to complete a business combination.

08:07 EST Avrobio, Tectonic Therapeutic to combine in an all-stock transaction - Avrobio (AVRO) and Tectonic Therapeutic announced that the companies have entered into a definitive merger agreement to combine in an all-stock transaction. Under the terms of the agreement, Avrobio will acquire 100% of the outstanding equity interests of Tectonic. Upon completion of the merger, the combined company is expected to operate under the name Tectonic Therapeutic and trade on Nasdaq under the ticker symbol (TECX). In connection with the merger, Tectonic has raised or entered into agreements for a $130.7M private placement with a syndicate of new and existing leading life sciences investors, led by a major mutual fund, TAS Partners, 5AM Ventures, EcoR1 Capital, Polaris Partners, funds and accounts advised by Farallon Capital Management, Vida Ventures, PagsGroup, and other investors. The combined company is expected to have approximately $165M of cash and cash equivalents at closing, inclusive of the proceeds to be received in the private placement. These proceeds will be used to advance Tectonic's pipeline through multiple clinical data catalysts and are expected to fund the combined company's operations into mid-2027. The private placement is expected to close in conjunction with the merger in the second quarter of 2024. Upon completion of the Merger, pre-Merger AVROBIO shareholders are expected to own approximately 22.3% of the combined company and pre-Merger Tectonic shareholders are expected to own approximately 40.2% of the combined company, and in each case after giving effect to the aforementioned private placement financing. The percentage of the combined company that Avrobio shareholders will own as of the close of the transaction is subject to adjustment based on the amount of Avrobio net cash at the closing date, which is currently estimated to be approximately $65M. Immediately prior to the closing of the Merger, Avrobio shareholders will be issued contingent value rights representing the right to receive certain payments from proceeds received by the combined company, if any, related to certain pre-transaction assets of Avrobio. Following the closing of the merger, the combined company will be led by Dr. Reicin and other members of the Tectonic management team. Avrobio will be renamed Tectonic Therapeutic and the corporate headquarters will be located in Watertown, Massachusetts. The merger agreement provides that post-merger, one board member from Avrobio will join the board of directors of the combined company. The merger has been approved by the board of directors of both companies and is expected to close in the second quarter of 2024 subject to customary closing conditions, including the approvals by the shareholders of each company, the closing of the private placement financing and other customary closing conditions. In connection with the Merger, directors, officers, and certain shareholders of Avrobio and Tectonic have executed support agreements, pursuant to which they have agreed to vote all of their shares of capital stock in favor of the merger.

08:07 EST SeaWorld to change name to 'United Parks & Resorts' on February 12 - SeaWorld Entertainment announced it will change its name to United Parks & Resorts, effective Feb. 12. The company's stock ticker symbol on the New York Stock Exchange will change from "SEAS" to "PRKS," with trading as PRKS to begin Feb. 13. The name change affects only the name of the parent company, SeaWorld Entertainment, the company noted.

08:06 EST Carlisle to sell CIT unit to Amphenol in transaction valued at $2.025B - Carlisle Companies Incorporated (CSL) announced the signing of a definitive agreement to sell Carlisle Interconnect Technologies or CIT to Amphenol Corporation (APH) in a transaction valued at $2.025 B. The transaction, which follows Carlisle's previously announced process to sell CIT, is subject to certain closing adjustments and conditions, including regulatory clearances, and is expected to close by the end of the second quarter of 2024. Chris Koch, Chair, President and Chief Executive Officer, said "The sale of CIT aligns with our Vision 2030 strategy and represents a significant milestone in our strategic pivot from a diversified industrial portfolio of businesses to a premier pure play building products company. As we complete this strategic shift, we look forward to executing our commitment in Vision 2030 to delivering over $40 of adjusted EPS through our innovative building envelope products and solutions. ...We are further strengthening our capital foundation with the expected proceeds from the sale of CIT. When combined with our 15%+ free cash flow margin expected to continue through 2024 and beyond, this heightened financial strength affords us substantial flexibility to effectively execute our share repurchase program, pursue strategic building product acquisitions and other high-returning capital allocation priorities."

08:05 EST IBM, GSMA partner to accelerate AI adoption and skills in telecom industry - The GSMA and IBM announced a new collaboration to support the adoption and skills of generative artificial intelligence in the telecom industry through the launch of GSMA Advance's AI Training program and the GSMA Foundry Generative AI program. The AI training program, the first in a new series of courses by GSMA Advance, seeks to prepare telco leaders for the AI-era and bridge skills gaps in the telecom industry, by equipping members with skills and knowledge to help effectively leverage Gen AI technologies utilizing watsonx, IBM's AI and data platform with AI assistants.

08:04 EST Disney and Pixelworks enter multi-year agreement for TrueCut Motion technology - Disney (DIS) and Pixelworks (PXLW) will bring a collection of TrueCut Motion graded titles to select home entertainment devices. These titles eliminate motion playback anomalies, while maintaining the desired brightness levels; all while preserving the authentic cinematic motion look and feel of the source. TrueCut Motion technology provides filmmakers with shot-by-shot motion grading tools, enabling new looks for storytelling, as well as correcting various motion anomalies in high contrast, very bright consumer device displays. TrueCut Motion technology then ensures that these creative choices are precisely mastered into the source material. TrueCut Motion is a registered trademark of Pixelworks.

08:03 EST SeaWorld to change name to 'United Parks & Resorts' on February 12 - SeaWorld Entertainment announced it will change its name to United Parks & Resorts, effective Feb. 12. The new name unites the company's world-class portfolio of seven brands across 13 parks in the United States and Abu Dhabi. The company's stock ticker symbol on the New York Stock Exchange will change from "SEAS" to "PRKS," with trading as PRKS to begin Feb. 13. The name change affects only the name of the parent company - SeaWorld Entertainment, Inc. The company's award-winning portfolio of parks - SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Water Country USA, Adventure Island, and Aquatica - retain their respective park names. "Our new company name, United Parks & Resorts Inc., better reflects that we have been, and will continue to be, a diverse collection of park brands and experiences. Each of our iconic parks, including the four SeaWorld parks in Orlando, San Antonio, San Diego and Abu Dhabi, will continue to operate under the same names our guests know and love. What also remains unchanged is our deep commitment to creating experiences that matter for our guests and inspiring them to help protect animals and the wild wonders of the world," said Marc Swanson, the company's CEO.

07:42 EST StoneX Financial becomes Abaxx Exchange's first clearing, trading member - StoneX Financial and Abaxx Technologies announced that StoneX has become the first approved clearing and trading member of Abaxx's indirectly held, majority-owned Singapore-based exchange and clearinghouse, introducing centrally cleared, physically-deliverable futures contracts, and licensed as a Recognised Market Operator and Approved Clearing House with the Monetary Authority of Singapore. StoneX's clients will have access to Abaxx Exchange's suite of first-of-their-kind, physically- deliverable futures contracts, including liquefied natural gas, nickel sulphate, and carbon, from the first day of trading on Abaxx Exchange. This will enable StoneX clients to be the first market participants to benefit from Abaxx's market price discovery and enhanced risk management tools for energy transition-related commodities.

07:37 EST HCA Healthcare CFO Bill Rutherford to retire - HCA Healthcare is also announcing that Bill Rutherford has decided to retire as executive VP and CFO after a 34-year career with the company. Mike Marks, HCA Healthcare's current senior VP, finance, will succeed Rutherford as executive VP and CFO, effective May 1.

07:36 EST Nextech3D.AI signs 3D model contract with Global Industrial - Nextech3D.AI (NEXCF) has signed a new 3D modeling contract with Global Industrial Company (GIC). This new contract has significant growth potential, as Global Industrial is an industry leader with 1.7+ million products in 21 industrial and commercial categories including; building supplies, storage and shelving, workbenches and shop desks and more.

07:34 EST WPP sees FY24 LFL revenue less pass-through costs growth of 0-1% - "Company sees 2024 LFL revenue less pass-through costs growth of 0-1% ...2024 headline operating profit margin improvement of 20-40bps ...Our plans include annual cash investment of around GBP 250m in proprietary technology to support our AI and data strategy..Mark Read, CEO of WPP, said: "The past three years have demonstrated the power of brands, creativity and investment in marketing to drive growth for clients and to build significant value. Research demonstrates that those companies with the strongest brands deliver the highest returns to shareholders..."Our long-standing investments in AI, including our AI-powered platform, WPP Open, and our acquisition in 2021 of Satalia, a leading UK AI company, are at the heart of our competitive offer. An ongoing annual investment of GBP 250m in data and technology to support our AI strategy is included in our 2024 financial plans. "While we had to navigate a more challenging environment in 2023, we see strong future demand for our services and are confident we can accelerate our growth over the medium-term," the company noted in a release.

07:32 EST Dragonfly Energy partners with John Lennon Educational Tour Bus - Dragonfly Energy Holdings announced a partnership with the John Lennon Educational Tour Bus, now powered by Battle Born Batteries. The Lennon Bus, a nonprofit mobile recording facility providing hands-on experiences for students of all ages, recently underwent a major overhaul with support from Dolby, Apple, Dragonfly Energy, and several more generous corporations. Transitioning the bus to lithium power takes the bus to a new level of sustainability, cost-savings, and improved experience with up to eight hours of runtime off the batteries alone, plus extended runtime with the availability of solar power.

07:30 EST WPP sees FY24 operating profit margin 14.8%, equivalent to 15.0% - "2023 expected out-turn and 2024 outlook ...WPP will report 2023 results on February 22nd. We expect to report results in line with our guidance ranges with: 2023 LFL revenue less pass-through costs expected to be 0.9% consistent with guidance given at Q3 2023 of 0.5-1.0% ..2023 headline operating profit margin expected to be 14.8%, equivalent to 15.0% on a constant currency basis, which is at the top end of guidance of 14.8-15.0%." company said.

07:25 EST JetBlue on track to deliver $75M savings via fleet modernization program by YE24 - JetBlue says that engine issues expected to drive significant aircraft ground time; currently seven aircraft out-of-service and expected to rise to ~13-15 by year-end. The company also added that the Structural Cost Program is at peak of expectations and expected to deliver $175M-200M in run-rate cost reduction through year-end 2024.

07:23 EST 2seventy Bio names Chip Baird CEO, Vicki Eatwell CFO upon transaction closing - "Upon closing of the transaction with Regeneron (REGN), Chip Baird, chief operating officer, will become chief executive officer of 2seventy bio. The newly formed 2seventy bio leadership team will also include Vicki Eatwell, currently senior vice president of finance, who will become chief financial officer and Jessica Snow, senior vice president, quality and head of operations."

07:22 EST Wearable Devices to demonstrate spatial computing interaction for smart glasses - Wearable Devices announced its participation at SPIE Photonics West, taking place in at the Moscone Center San Francisco from Tuesday, January 30 to Wednesday, January 31, 2024. The Company will be located at booth 6124. At SPIE, Wearable Devices will demonstrate various new input and control functionalities available through the Mudra Band, a neural wristband to control digital devices using touchless hand gestures. The Mudra Band uses sensors to decipher the neural signal patterns of the wrist, translating the user's movement intent into a digital command for digital devices such as smart glasses, AR and VR headsets, smart TVs, and more. With this technology, users are able to navigate, select and interact with elements of their devices using comfortable and familiar gestures such as pinch, swipe, pinch and hold, all while remaining in relaxed body postures. The Company will also present the new Mudra Development Kit and its various input modalities, which enhance the user experience of smart glasses through spatial gesture input. Each MDK modality can be specifically tailored to offer the optimized user experience for the Graphical User Interface: A pointing device functionality to control a cursor for rich displays, a directional pad functionality using swipes for discrete interaction, and a peripheral controller functionality for tailored-custom user gestures for practical eyewear devices.

07:17 EST 2seventy Bio to focus on Abecma commercialization with Bristol Myers Squibb - 2seventy bio ( TSVT) , announced that it is transforming the Company to focus exclusively on the commercialization and development of Abecma or idecabtagene vicleucel, its BCMA-targeted CAR T therapy for multiple myeloma. The actions announced follow an extensive evaluation of the Company's business and strategic alternatives by its Board of Directors. As a result of this strategic re-alignment, the Company expects annual savings of approximately $150 M in 2024 and approximately $200M in 2025, inclusive of one-time restructuring costs of approximately $8M. The Company expects to have extended cash runway beyond 2027...In connection with the Company's strategic re-alignment, and as announced in a separate press release today by Regeneron Pharmaceuticals (REGN), the Company has entered into an asset purchase agreement with Regeneron to sell the Company's oncology and autoimmune research and development programs, clinical manufacturing capabilities, and related platform technologies...2seventy bio, in partnership with Bristol Myers Squibb (BMY) , is taking actions to return Abecma to commercial growth in 2024. The Company expects a final PDUFA action following the planned Oncologic Drugs Advisory Committee meeting on the supplemental Biologics License Application sBLA for Abecma based on the KarMMA-3 clinical study, which, if approved, would expand the label into the larger third line setting. 2seventy bio and BMS are expanding its Abecma site footprint to enable more patients to access the treatment. This includes educating physicians on treatment sequencing and the emerging data supporting the use of BCMA-directed CAR Ts before other BCMA-targeted therapies, and competitively differentiating Abecma's real-world safety, efficacy and product reliability and predictability profile. The Company will continue to support the quality control of the lentiviral vector manufacturing for Abecma and support the transition to suspension LVV which will deliver additional efficiencies and cost savings.

07:15 EST Alarum's NetNut enhances data collection offering - Alarum Technologies announces that NetNut Ltd., its wholly owned subsidiary, has recently launched its new and innovative Website Unblocker. The new product joins NetNut's suite of Data Collection and Analysis tools, further solidifying NetNut's leadership position in the data collection and labelling market.

07:11 EST Can-Fite BioPharma expands out licensing transaction with Ewopharma - Can-Fite BioPharma announced that it has expanded its out licensing transaction with Ewopharma AG. to include the pancreatic cancer indication of Can-Fite. During 2021, Can-Fite entered into an exclusive distribution agreement for Piclidenoson with Switzerland-based Ewopharma AG for the treatment of psoriasis and Namodenoson for the treatment of hepatocellular carcinoma, or HCC, and nonalcoholic steatohepatitis, or NASH. Under the terms of the distribution agreement, Ewopharma AG paid Can-Fite an upfront payment of $2.25M with up to an additional $40.45M, payable upon the achievement of regulatory and sales milestones, plus 17.5% royalties on net sales. In exchange, Ewopharma AG received the exclusive right to market and sell Piclidenoson in Central Eastern European countries and Namodenoson in CEE countries and Switzerland. Ewopharma AG exercised its right to expand the distribution agreement to include the indication of pancreatic cancer and the transaction terms of the distribution agreement are applicable to such indication. Ewopharma is a pharmaceutical sales and marketing firm that helps pharma companies access markets in CEE and Switzerland. In addition to Can-Fite, Ewopharma AG has distribution agreements with many leading healthcare companies including Eisai and Biogen.

07:08 EST Taro Pharmaceutical shareholder Krensavage states opposition to takeover bid - Taro Pharmaceutical shareholder Krensavage Asset Management sent a message to a special committee evaluating Sun Pharmaceutical Industries Ltd.'s bid for Taro Pharmaceutical. The message states, among other things: "As the largest minority shareholder1 of Taro Pharmaceutical Industries, Krensavage Asset Management remains opposed to Sun Pharmaceutical Industries Ltd.'s inadequate bid to take Taro private...Sun on May 26 disclosed a $38 lowball bid for Taro. Sun's new offer amounts to a 9% discount to the value of Taro's tangible assets, primarily $35 a share of net cash. Including real estate and other hard assets, Taro's liquidation value likely approaches $47 a share. Sun is valuing Taro at $310M, net of cash, for a business that generated $2.4B of cash in the 10 years ended March 31, the close of Taro's most-recent fiscal year. We question if the special committee Taro appointed to consider Sun's bid is neglecting its responsibility by embracing a transaction that fails to recognize Taro's carcass value, much less its ability to generate cash. None of Taro's board members own shares of the company...Taro's bankers have lowballed before...Sun can pay more. Sun is offering, net of Taro's cash, $67M for the roughly 8.1 million Taro shares it doesn't own. In December 2019, Taro paid $91 a share to repurchase its stock in a tender offer - more than twice Sun's current bid. Sun requires approval of the majority of Taro's minority shareholders. Unless Sun acknowledges Taro's value, we continue to decline to support the transaction".

07:07 EST Tilray's Breckenridge Distillery, Brewery announce limited release whiskey - Breckenridge Distillery and Breckenridge Brewery, two subsidiaries of Tilray Brands, announced the fourth edition of Sexy Motor Oil, a limited release collaboration barrel-aged whiskey alongside a new collaboration, a whiskey-barrel aged beer, of the same name. "Our collaboration with Breckenridge Brewery has deepened over the years, rooted in a mutual commitment to craftsmanship and innovation," said Bryan Nolt, founder and CEO of Breckenridge Distillery. "Sexy Motor Oil represents the harmonious blend of our expertise and the embodiment of our shared values."

07:06 EST Xtract One selected by Wisconsin Center District to secure Baird Center - Xtract One Technologies announced its partnership with the Wisconsin Center District o implement the Company's SmartGateway system at all entrances of Baird Center, Wisconsin's largest convention center. Baird Center, owned and operated by WCD, is currently undergoing a $456 million expansion set to unveil in May 2024. This three-year partnership serves as the Company's first with a convention center, and a validation of the continuing innovation to deliver advanced weapons detection for the broadest set of weapons, without alerting on increasing levels of clutter typical of patrons at convention centers, commercial properties, and schools.

07:06 EST Draganfly to develop tactical multi-drop payload system for MMS Products - Draganfly announces that it has been selected by MMS Products to develop a drone-based tactical multi-drop payload system. This drone payload system is designed explicitly for tactical multi-drop and ISR operations. The highlight of this development is the integration with MMS Products' Mjolnir, a highly configurable delivery device renowned for its versatility and effectiveness in various operational scenarios. This optimization with the Commander 3XL drone will enhance the performance and efficiency of both technologies, resulting in a robust turnkey tactical solution. "This development marks a significant step in professional and scalable small drone tactical capability, merging the expertise of MMS Products with Draganfly's expertise in drone development," said Cameron Chell, President and CEO of Draganfly. "We are thrilled to develop this system for MMS and be their system provider of choice going forward in their rapidly expanding market. The tactical multi-drop system is expected to bring new levels of efficiency, safety, and effectiveness to operations that require such technology, including military, demining, and specialized industrial applications."

07:04 EST Shutterstock raises quarterly dividend 11% to 30c from 27c per share - The dividend is payable on March 14 to stockholders of record at the close of business on February 29.

07:02 EST Bristol Myers' application for Breyanzi in lymphoma accepted in U.S. and Japan - Bristol Myers announced three regulatory acceptances from the FDA and Japan's Ministry of Health, Labour and Welfare - MHLW - for Breyanzi. In the U.S., the FDA has accepted the company's two supplemental Biologics License Applications for Breyanzi to expand into new indications to include the treatment of adult patients with relapsed or refractory follicular lymphoma and relapsed or refractory mantle cell lymphoma after a Bruton tyrosine kinase inhibitor. The FDA has granted both applications Priority Review and assigned a Prescription Drug User Fee Act goal date of May 23 for Breyanzi in relapsed or refractory FL and May 31 for Breyanzi in relapsed or refractory MCL. Japan's MHLW has also accepted Bristol Myers Squibb's supplemental New Drug Application for Breyanzi for the treatment of relapsed or refractory FL. In relapsed or refractory FL, the applications for Breyanzi in the U.S. and Japan are based on results from the TRANSCEND FL study.In the study, Breyanzi demonstrated high rates of complete responses. In relapsed or refractory MCL, the application for Breyanzi in the U.S. is based on results from the MCL cohort of the TRANSCEND NHL 001 study, in which Breyanzi demonstrated statistically significant and clinically meaningful responses in heavily pre-treated patients, with the majority of patients achieving a complete response. A sBLA for Breyanzi for the treatment of adult patients with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma who have received a prior BTKi and B-cell lymphoma 2 inhibitor is also currently under Priority Review with the FDA with an assigned target action date of March 14.

06:56 EST Becton Dickinson, Techcyte enter collaboration - Becton Dickinson and Techcyte announced a strategic collaboration agreement to offer an AI-based algorithm that guides cytologists and pathologists to efficiently and effectively identify evidence of cervical cancer and precancer using whole-slide imaging.

06:49 EST MSCI sees 2024 CapEx $95M-$105M - Sees 2024 adjusted EBITDA expense $1.13B-$1.160B. Sees 2024 net cash $1.33B-$1.38B.

06:49 EST Marathon Petroleum sees FY24 capital spending $1.25B - MPC's standalone capital spending outlook for 2024 is $1.25B. Approximately 65% of overall spending is focused on growth capital and 35% on sustaining capital. MPC's $825M of growth capital is focused on opportunities that enhance margins and reduce cost.

06:41 EST Trimble announces $800M stock repurchase program - The company also announced that the board has authorized a common stock repurchase authorization of up to $800M, which replaces the company's existing authorization and goes into effect immediately. Trimble expects to utilize a significant amount of the authorization in 2024. The company plans to host an investor day in the second half of 2024 where it will provide an update of the company's margin target in the context of the new segment reporting structure.

06:40 EST Trimble names F5 Networks CPO, Keysight Technologies chairman to board - Trimble (TRMB) announced the appointment of Kara Sprague and Ron Nersesian to its board of directors, effective February 5. Sprague is the executive VP and chief product officer at F5, Inc. (FFIV) and Nersesian is the chairman of the board of directors of Keysight Technologies (KEYS), and formerly served on Trimble's board of directors from November 2011 through May 2021.

06:37 EST JetBlue sees Q1 ASMs (6%)-(3%) y/y - Sees FY24 ASMs down low single digits.

06:32 EST PulteGroup CEO says 'tremendous momentum heading into 2024' - "PulteGroup's strong fourth quarter financial results complete a record setting year, while the 57% increase in net new orders provides tremendous momentum heading into 2024," said Ryan Marshall, PulteGroup President and CEO. "For the full year, PulteGroup generated nearly $16 billion in revenues and net income of $2.6 billion, while delivering a return on equity* of 27.0% and returning over $1.1 billion to shareholders through stock repurchases and dividends. "As the fourth quarter progressed, we experienced a significant increase in buyer activity as interest rates moved lower, resulting in December being the highest sales month of the quarter. With expectations for interest rates to remain lower in 2024, we are optimistic that improved affordability dynamics will continue attracting buyers into the market. "After multiple years of variable macroeconomic activity, expectations are that 2024 can be a year of increased homebuying demand given a strong job market, lower interest rates and a limited inventory of existing homes. With a ready supply of homes and lots, I believe PulteGroup is extremely well positioned to capitalize on such market conditions as we seek to grow our business, while delivering strong cash flow and high returns."

06:25 EST PulteGroup raises share repurchase authorization by $1.5B - PulteGroup announced that its Board of Directors has approved a $1.5B increase to the company's share repurchase authorization. This increase brings the company's total share repurchase authorization to $1.8B.

06:09 EST Beam Global appoints former Nuclear Navy Officer Mark Myers as COO - Beam Global announced that former Nuclear Navy Officer Mark Myers has joined the Beam Global executive team as COO. Myers has over 20 years of experience leading lean transformations in design, manufacturing and logistics. Previous senior management experience includes Thyssenkrupp Automotive, General Atomics, McKinsey & Co. and a leadership role as an officer in the United States Nuclear Navy. The COO role has not previously been filled at Beam Global.

06:06 EST California BanCorp and Southern California Bancorp enter merger agreement - Southern California Bancorp (BCAL), the holding company for Bank of Southern California, and California BanCorp (CALB), the holding company for California Bank of Commerce, jointly announced the execution of a definitive merger agreement, pursuant to which the companies will combine in an all-stock merger valued at approximately $233.6M, or $26.54 per share of California BanCorp. The transaction aims to create a premier California financial institution with approximately $4.6B in assets in a merger of equals that adds complementary business lines and diversified lending verticals to each client base. Under the terms of the definitive agreement, which has been unanimously approved by the boards of directors of Southern California Bancorp and California BanCorp, each outstanding share of California BanCorp common stock will be exchanged for the right to receive 1.590 shares of Southern California Bancorp common stock. As a result of the transaction, Southern California Bancorp shareholders will own approximately 57.1% of the outstanding shares of the combined company and California BanCorp shareholders will own approximately 42.9% of the outstanding shares of the combined company. The companies will evaluate rebranding with new names and logos for the combined company and bank at the close of the transaction. The combined company's common stock will continue to trade on the Nasdaq. Corporate headquarters will be located in San Diego, Calif. The combined company's Southern California footprint will include Bank of Southern California's 13 branches that serve Los Angeles, Orange, San Diego, and Ventura counties, and the Inland Empire. The combined company's Northern California footprint will include the California Bank of Commerce branch in Contra Costa County and its four loan production offices serving Alameda, Contra Costa, Sacramento, and Santa Clara counties. The combined company's Board of Directors will consist of six directors from Southern California Bancorp and six from California BanCorp. A lead independent director will be appointed after closing. David Rainer, Chairman of Southern California Bancorp, will serve as Executive Chairman of the combined company, bank and boards. Steven Shelton, CEO of California BanCorp, will serve as CEO and director of the combined company and the combined bank. Richard Hernandez, President of Southern California Bancorp, will serve as President of the combined company and combined bank. Thomas Sa, CFO and COO of California BanCorp will serve as COO of the combined company and combined bank. Thomas Dolan, CFO and COO of Southern California Bancorp will serve as CFO of the combined company and Chief Strategy Officer of the combined bank. The transaction is expected to close in 3Q24, subject to satisfaction of customary closing conditions, including receipt of required regulatory approvals and approvals from Southern California Bancorp and California BanCorp shareholders.

05:55 EST Microsoft executive says Apple's App Store rules 'a step in the wrong direction' - Apple's (AAPL) new plan to comply with the European Union's tech regulations is a "step in the wrong direction," said Xbox (MSFT) president Sarah Bond in a post on X, formerly known as Twitter. "We hope they listen to feedback on their proposed plan and work towards a more inclusive future for all." Reference Link

05:25 EST Silvercorp Metals satisfies NYSE condition in connection with OreCorp offer - Silvercorp Metals announced that it has received authorization of its supplemental listing application from the NYSE American in connection with Silvercorp's off-market takeover offer for all of the shares of OreCorp not already owned by Silvercorp for consideration comprising 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp share, as described in the company's news release of December 26, 2023. Silvercorp will now proceed with issuing a notice in accordance with the Australian Corporations Act that the "Stock Exchange Approvals" condition to the Silvercorp Offer has been satisfied. As previously announced on January 24, the company received conditional approval from the Toronto Stock Exchange. Final TSX approval is subject to the company meeting certain customary conditions required by the TSX. The company anticipates that the next significant step towards completing the transaction will be a merger-approval decision in relation to the Silvercorp offer from the Tanzanian Fair Competition Commission, or FCC. In early November 2023, Silvercorp obtained FCC approval in respect of the then proposed scheme of arrangement with OreCorp. Given this existing approval, the minimal additional documentation which OreCorp and Silvercorp were required to provide to the FCC in the updated application and recent meetings with relevant Tanzanian authorities, Silvercorp anticipates that it is well positioned to receive the further FCC confirmation and/or approval in respect of the Silvercorp Offer within an expedited timeframe. As an example, the FCC was willing to reduce the required public notice period from 14 days to 7 days in light of the Existing Approval. Silvercorp currently expects to receive the FCC decision by mid-February 2024 and will provide further updates on the Transaction as appropriate. Silvercorp notes that the OreCorp board has provided a unanimous recommendation in favour of the Silvercorp Offer, in the absence of a superior proposal and subject to the independent expert's report concluding, and continuing to conclude, that the Silvercorp Offer is reasonable to OreCorp shareholders.

05:15 EST Gogoro unveils new Pulse Smartscooter - Gogoro unveiled its new flagship Smartscooter, Pulse. The company said, "The Pulse is a testament to Gogoro's ongoing commitment to performance, innovation and design and sets a new standard for what customers should expect from an advanced high-performance Smartscooter.

05:09 EST Cisco, Microsoft and Samsung team on meeting room experiences - At Integrated Systems Europe, or ISE, Cisco (CSCO), Microsoft (MSFT) and Samsung (SSNLF) announced new meeting room solutions to deliver enhanced collaboration experiences for hybrid meetings. The companies unveiled integrated video collaboration solutions for Cisco Room Series. The solutions feature Front Row - a content layout for Microsoft Teams Rooms, with either Samsung's newly unveiled 105" Smart Signage with 21:9 aspect ratio and 5K resolution, or Samsung 4K Smart Signage screens.