Stockwinners Market Radar for February 06, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PLTR | Hot Stocks20:05 EST Cathie Wood's ARK Investment bought 1.97M shares of Palantir today
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TSLA | Hot Stocks20:04 EST Cathie Wood's ARK Investment bought 15K shares of Tesla today
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CVBF | Hot Stocks19:28 EST CVB Financial director buys $1.0M in common stock - In a regulatory filing, CVB Financial disclosed that director George Borba bought 59.6K shares of common stock on February 6th in a total transaction size of $1.0M. Shares are up 2.3% afterhours at $16.98.
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SNAP | Hot Stocks19:11 EST Snap CFO says can level out at cost structure that scale well to profitability - Says: "As I look forward to Q1, number one, we've seen a big increase in infrastructure costs in 2023. On the order of magnitude of about $100 million of quarterly run rate of higher infrastructure costs, and that's led to the rather significant increases in improper DOW. You saw that start to slow down as we went through the back half of 2023 and into Q4 of 2023 in terms of the sequential increase in the infrastructure for DAU and really look for that to continue to slow down or level off here as we move into Q1. And that's going to give us the opportunity to make progress against our medium- and long-term margin targets, given infrastructure is the biggest element of the cost of revenue side of things."
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SNAP | Hot Stocks19:07 EST Snap CFO says 'off to a good start' in Q1 - CFO Derek Andersen says: "I think at a very high level, we're off to a good start. It's early in the quarter. We're only about a month in, but we're off to a good start. And as Evan said, we've made a lot of progress with the ad platform in the trailing year. And I think what we're really looking for here is sort of 4 high-level things. One is significant improvement to the ad platform fundamentally, then improvements to our go-to-market, then delivering better rollout to advertisers and then that translating into budgets, moving over and advertisers growing. And then we made a lot of fundamental improvements to the ad platform and our go-to-market last year. Evan touched on a lot of that and how that started showing up in improved ROAs in Q4, whether that was the more than 90% growth in purchase-related conversions in Q4 and also early input signs and advertiser growth with the more than 20% growth in small- and medium-sized customers in Q4. So you're seeing that those fundamental improvements to the platform and our go-to-market efforts starting to translate into results for advertisers and then us seeing that in some of our outputs with a good start here and then reflected in the guide that we've provided. So we're definitely seeing progress there and pleased with the start that we're off to. And that's reflected in the guide. And as you noted at the high end of the guide, we'd be looking at a 10 percentage point acceleration in the year-over-year growth rate, which would certainly be good progress in a single quarter, and we look to build from there." Comments taken from Q4 earnings conference call.
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SNAP | Hot Stocks19:04 EST Snap CEO says not expecting further decline in North America DAU in Q1 - CEO Evan Spiegel says: "As we look at North America, in the fourth quarter, that decline was mostly an artifact of rounding. We're not expecting a further decline in North America in Q1. I do think overall, though, there is an opportunity for us to invest more in growth in North America and Europe. Over the past 5 to 7 years, we've really focused on our Android product and growth in emerging markets. That's really about attracting a large volume of new users. I think in places like North America and Europe, we can do a better job on iOS and really on resurrecting people who tried Snapchat or who aren't coming into the service as often or when they come back to receive a message from their friends, helping them onboard to our other different features. So that's going to be an increasing focus for us, and we'll be investing more there over the coming years." Comments taken from Q4 earnings conference call.
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ALPMY | Hot Stocks18:41 EST Astellas Pharma announces changes to its management structure - Astellas Pharma announced the following changes to its management structure effective April 1: Naoki Okamura as Representative Director, President and CEO; Katsuyoshi Sugita as Representative Director, Executive Vice President, and Chief People Officer and Chief Ethics & Compliance Officer; Yoshitsugu Shitaka as Chief Scientific Officer; Tadaaki Taniguchi as Chief Medical Officer; Hideki Shima as Chief Manufacturing Officer; Claus Zieler as Chief Commercial Officer, Adam Pearson as Chief Strategy Officer; Nick Eshkenazi Chief Digital & Transformation Officer, Atsushi Kitamura as CFO; and Catherine Levitt as General Counsel. The company added "Digital initiatives and investments are critical in every part of Astellas business for transformation and to create VALUE creation for patients. We believe that considerations related to digital and business transformation considerations must be built into management strategy formulation and execution. Therefore, Astellas has decided to establish the CDTO as a new member of Top Management. We will appoint Nick Eshkenazi to the CDTO position as of April 1, 2024. He joined Astellas as Chief Digital Officer on November 1, 2023. He brings to Astellas experience driving complex business transformation, and many digital and technology in various industries. He has already made a great impact in terms of enhancing our digital capabilities, and has really helped us think differently about digitalization and transformation. He will be based in Australia."
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CMG | Hot Stocks18:35 EST Chipotle CEO: Customers continue to see us as a terrific value - In an interview on CNBC's Mad Money, Brian Niccol said Q4 comps were driven by transactions. The company is going to drive harder and harder to increase throughput, he noted. The digital experience is better than ever. He believes the company can double its restaurant number to 7,000 in the long term. Employee turnover is the lowest it has been in years, he added.
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FCX | Hot Stocks18:24 EST Freeport-McMoRan names Kathleen Quirk CEO - Freeport-McMoRan announced the appointment of Kathleen L. Quirk as President and Chief Executive Officer to be effective at the annual meeting of shareholders on June 11, 2024. Ms. Quirk will assume full responsibility for executive management of the business reporting to the FCX Board of Directors. Richard C. Adkerson will remain Chairman of the Board of Directors, supporting the leadership transition and Freeport's business on strategic matters of significance to the company. Dusty McCoy, Lead Independent Director commented, "For some time, the Board has been engaged in a process to identify Richard's successor. Kathleen has earned the respect of the Board, the Freeport organization and external stakeholders through her track record of accomplishment, proven leadership and mission for value creation for all stakeholders. Through her 35-year career with the company, she has broad knowledge of Freeport's business and operations, its people and culture, and is highly qualified to lead Freeport as CEO."
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F | Hot Stocks17:38 EST Ford sees EVs about 40% of CapEx in FY24 - Sees $2B benefit from cost reduction initiatives in FY24 which offsets higher labor and major product refresh actions. Sees lower industry pricing; Non-recurrence of UAW strike; Flat to modest U.S. industry growth of 16M-16.5M.
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GLPI | Hot Stocks17:34 EST Gaming and Leisure acquires real estate assets of Tioga Downs for $175M - Gaming and Leisure Properties announced that it acquired the real estate assets of Tioga Downs Casino Resort in Nichols, NY from American Racing & Entertainment, LLC for $175M. Simultaneous with the acquisition, GLPI and American Racing entered into a triple-net master lease agreement for an initial 30-year term. The initial annual rent for the new master lease is $14.5M and represents an 8.3% capitalization rate. The initial annualized rent coverage ratio for the lease is expected to be over 2.3x. Rent associated with the lease is subject to a fixed 1.75% annual escalation beginning with the first anniversary and a fixed annual escalation of 2.0% beginning in year fifteen of the lease and carrying forward through the balance of its term. Located in Nichols, NY, Tioga Downs Casino Resort is a roughly 162-acre property that features a 32,600 sq. ft. gaming floor with 895 slots and 29 table games, a 2,500 sq. ft. FanDuel sports book, a 160-room hotel, 5/8-mile harness horse track, 7 food and beverage locations, and a separate 18-hole championship golf course. The property underwent a $130 million expansion beginning in 2016 after it was awarded a Class III casino license by the State of New York. Peter Carlino, GLPI's Chairman and CEO, commented, "We are pleased to add Tioga Downs to our portfolio and the new relationship with American Racing to our tenant roster. Tioga Downs further diversifies our portfolio, expanding it to 62 properties across 19 states with 8 tenants. American Racing has 20 years of gaming, horse racing, and hotel experience, marking another addition to our portfolio of leading gaming operator tenants. Tioga Downs is a high-quality, recently expanded asset with significant geographic protection from competition. We look forward to the start of a fruitful partnership with American Racing. Our initiatives to further expand our portfolio remain active in the current environment as our reputation as the gaming landlord of choice is strengthened."
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TGI | Hot Stocks17:32 EST Triumph Group awarded five-year contract from Asia Pacific operator - Triumph Group "announced that its TRIUMPH Product Support business in Chonburi, Thailand has been awarded a five-year contract from an Asia Pacific operator to provide maintenance, repair and overhaul services. The award includes MRO services for CF6-80C2 nacelles over multiple Boeing fleets. TRIUMPH has extensive experience servicing CF6 nacelles and a large portfolio of cost-effective repairs to draw upon."
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HUBB | Hot Stocks17:30 EST Hubbell CFO sells $5.27M in common stock - In a regulatory filing, Hubbell disclosed that its CFO William Sperry sold 14.9K shares of common stock on February 2nd in a total transaction size of $5.27M.
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F | Hot Stocks17:23 EST Ford expects hybrid sales up 40% in FY24 - Says underlying business is getting better. Says solid conversion from profit to cash. Says getting much more disciplined with capital. Says "nowhere near" earnings potential for the company. Says overall EV strategy "has never been more relevant." Says will focus on trucks and vans. Says all EV teams "ruthlessly focused" on cost. Expects overall EV business to grow in 2024. Comments taken from Q4 earnings conference call.
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FOX | Hot Stocks17:18 EST Fox Corp., Warner Bros up over 3% afterhours, Disney slips 1% on sports DTC deal - Shares of Fox Corp (FOX) are up 3% at $30.30 and Warner Bros. is up 3% at $10.38 after the company's announced a DTC live sports streaming JV with Disney's ESPN. Disney shares are down 1% at $98.04 afterhours.
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DIS... | Hot Stocks17:13 EST ESPN, FOX and Warner Bros. Discovery confirm forming streaming sports JV - ESPN, a subsidiary of The Walt Disney Company (DIS), FOX (FOXA, FOX) and Warner Bros. Discovery (WBD) have reached an understanding on principal terms to form a new Joint Venture to build an innovative new platform to house a compelling streaming sports service. The platform brings together the companies' portfolios of sports networks, certain direct-to-consumer sports services and sports rights - including content from all the major professional sports leagues and college sports. The formation of the pay service is subject to the negotiation of definitive agreements amongst the parties. The offering, scheduled to launch in the fall of 2024, would be made available directly to consumers via a new app. Subscribers would also have the ability to bundle the product, including with Disney+, Hulu and/or Max. The platform would aggregate content to offer fans an extensive, dynamic lineup of sports content, aiming to provide a new and differentiated experience to serve sports fans, particularly those outside of the traditional pay TV bundle. By subscribing to this focused, all-in-one premier sports service, fans would have access to the linear sports networks including ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS, ABC, FOX, FS1, FS2, BTN, TNT, TBS, truTV, as well as ESPN+.
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F | Hot Stocks17:07 EST Ford sees FY24 Ford Blue EBIT $7B-$7.5B - Sees FY24: Model e EBIT ($5.5B)-($5B); Ford Pro EBIT $8B-$9B; Ford Credit EBT ~$1.5B. Comments taken from investor presentation slides.
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RRC | Hot Stocks17:01 EST Range Resources reports Q4 production average 2,207 Mmcfe per day - Range Resources announced Q4 expectations for production and pricing with Q4 production averaging approximately 2,207 Mmcfe per day. In addition, Range realized $8.0M in contingent derivative settlement gains in Q4. Q4 daily natural gas production averaged approximately 1,540 Mmcf per day. The average natural gas realization, including the impact of basis hedges, was $2.40 per mcf, a (48c) per mcf differential to NYMEX. The average natural gas price, including all settled hedges, was $2.68 per mcf. Q4 daily NGL production averaged approximately 104,038 barrels per day. NGL realizations were $24.91 per barrel, approximately $2.42 above the Mont Belvieu weighted equivalent. Q4 daily oil and condensate production averaged approximately 7,136 barrels per day. Crude oil and condensate price realizations, before realized hedges, averaged $67.72 per barrel, approximately $10.56 below WTI. The average condensate price, including settled hedges, was $63.42 per barrel.
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ATAI | Hot Stocks17:01 EST Atai Life Sciences names Anne Johnson CFO - Atai Life Sciences announced that Anne Johnson, the company's interim Chief Financial Officer since October 2023 and Chief Accounting Officer since August 2022, has been named Chief Financial Officer. Anne succeeds Stephen Bardin as the Company's CFO while Stephen will continue in an advisory role until March 31, 2024 to support the transition. "Anne has been an integral member of our team for over three years and has demonstrated the executive leadership, financial acumen, and track record to lead our financial organization with excellence," said atai Co-founder and Chief Executive Officer, Florian Brand. "With her deep technical expertise and detailed knowledge of both the biopharmaceutical industry and atai's operating model, I look forward to working closely with her in her new position as we continue to execute our strategy. I also want to express my deepest gratitude to Stephen for his significant contributions to atai's mission."
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VFC | Hot Stocks17:01 EST VF Corp. says CFO Matt Pattuck stepping down - Backs FY24 free cash flow view $600M Says results were impacted by cyber security event in December. Says cybersecurity event had 4c-5c impact to EPS. Says expects further reductions in inventory. Says expects actual gross savings in FY24 to be $60M. Says results in Q3 were challenged. Comments and guidance taken from Q3 earnings conference call.
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VFC | Hot Stocks16:48 EST VF Corp. initiates review of brand assets - The company said, "During the quarter, the company continued to execute the Reinvent transformation program, which aims to enhance focus on brand-building and to improve operating performance. The initial four priorities of Reinvent are to improve North America results, deliver the Vans turnaround, reduce costs and strengthen the balance sheet. The company will continue to pursue opportunities to simplify and streamline its processes and invest in the business to drive brand heat and accelerate a return to growth. Consistent with the goals of Reinvent, VF has initiated an in-depth strategic review of the brand assets within the portfolio, in alignment with the Board of Directors, to ensure the company owns the brands that it believes create the greatest long-term value."
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CMG | Hot Stocks16:45 EST Chipotle reports Q4 operating margin 14.4%, up from 13.6% last year - Restaurant level operating margin was 25.4%, an increase of 140 basis points. Opened 121 new restaurants with 110 locations including a Chipotlane.
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WFRD | Hot Stocks16:45 EST Weatherford completes acquisitions in the wireline space from Turnbridge - On February 1, the company completed the acquisition of two technology companies in the wireline space from Turnbridge Capital - Probe and Impact Selector International, both widely recognized brands. "We also completed the acquisition of Ardyne, a leader in well de-commissioning technology with whom we have had a partnership since the fourth quarter of 2022. These companies are strategically aligned with our portfolio and fit well within our acquisition criterion. We have very robust integration plans and are excited about the additional technology differentiation they add to Weatherford. Our outlook for 2024 remains positive, with market fundamentals and international and offshore activity continuing to show resilience. We expect full year 2024 revenue to grow between double digits and low teens year-over-year, spearheaded by robust growth in the Middle East, and for adjusted EBITDA margins to make meaningful progress towards our goal of 25%."
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JAMF AAPL | Hot Stocks16:42 EST Jamf announces 'immediate support' for Apple Vision Pro - Jamf (JAMF) announced it is first to market with support for Apple Vision Pro (AAPL) adding this powerful new endpoint to its Apple-first, Apple-best security and access products, Jamf Protect and Jamf Connect. With the introduction of MDM support in visionOS 1.1 beta, announced today by Apple, Vision Pro will soon include the key foundations for deploying and leveraging an enterprise-grade device at scale. Jamf will be working alongside Apple to support MDM in Vision Pro. "Jamf has a 20-year history of innovating at the speed of Apple. It's what our customers expect, so we are proud to announce our first-to-market support for Vision Pro in Jamf Protect and Jamf Connect. We are looking forward to helping organizations easily and safely explore the endless possibilities of Vision Pro in business contexts that require extra security and connectivity that go beyond the needs of a typical consumer use case," said Henry Patel, Chief Strategy Officer at Jamf...As Vision Pro MDM support becomes generally available from Apple, Jamf will be working to enable early adopters to extend their early Jamf Connect and Jamf Protect implementation to leverage Jamf Pro to achieve Trusted Access, where only authorized users on enrolled and safe devices can access company data
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ASUR | Hot Stocks16:38 EST Asure Software reports January passenger traffic up 0.5% from last year - Grupo Aeroportuario del Sureste announced that passenger traffic for January reached a total of 6.3M passengers, representing an increase of 0.5% compared to January 2023. Passenger traffic presented year-on-year increases of 2.6% in Mexico and 8.2% in Puerto Rico, while it decreased 10.1% in Colombia. Passenger traffic growth in Mexico and Puerto Rico was driven primarily by increased international traffic of 6.3% and 23.1%, respectively, while domestic traffic decreased 2.2% in Mexico and increased 6.7% in Puerto Rico. Passenger traffic in Colombia remained negatively affected by the suspension of operations of two local airlines in the beginning of 2023 which resulted in a 14.1% decline in domestic traffic while international traffic increased 6.6% year-on-year.
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ATO | Hot Stocks16:38 EST Atmos Energy raises quarterly dividend 8.8% to 80.5c per share - Atmos Energy said its Board of Directors increased the quarterly dividend 8.8% to 80.5c per common share. The indicated annual dividend for fiscal 2024 is $3.22.
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YUMC | Hot Stocks16:37 EST Yum China CEO says 2023 was a 'pivotal year' - Joey Wat, CEO of Yum China, commented, "2023 was a pivotal year for Yum China. Not only did we demonstrate strong resilience during the pandemic, but we also seized opportunities that arose from China's reopening. In 2023, our system sales grew by 21%, surpassing the industry's growth rate, and we set new records for both revenue and profits. Our return to shareholders through cash dividends and share repurchases in 2023 was the highest since spinoff. Looking ahead, we remain very positive about the vast growth opportunities in China. Currently serving just one-third of China's population, our ambitious goal is to extend our reach to half of the population by 2026. Over half of our new stores are located in lower-tier cities, strategically positioned to capture the demand from long-term consumption upgrades there. We are also expanding our addressable market and capturing incremental sales across city tiers with innovative products, engaging campaigns and a wider range of price points. Leveraging our distinctive strengths, including brands deeply ingrained in China, remarkable agility and robust operational execution, we are well-positioned to achieve our growth targets for 2024-2026 and deliver excellent returns to our shareholders through increased cash dividends and stepped-up share buybacks."
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YUMC | Hot Stocks16:35 EST Yum China reports Q4 restaurant margin expanded to 10.7% - Restaurant margin expanded to 10.7%. Excluding items affecting comparability at the restaurant level - the impact from temporary relief and VAT deduction benefits in both years, restaurant margin expanded 170 basis points.
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YUMC | Hot Stocks16:34 EST Yum China sees FY24 CapEx $700M-$850M - In 2024, Yum China plans to: Open approximately 1,500 to 1,700 net new stores. Make capital expenditures in the range of approximately $700 million to $850 million. From 2024 to 2026, Yum China targets to: Reach a total store count of 20,000 by 2026. Achieve a high-single-to-double-digit CAGR for system sales and operating profit, and a double-digit CAGR for EPS, using 2023 as the base year excluding F/X. Return a minimum of $3 billion to shareholders through quarterly dividends and share repurchases.
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YUMC | Hot Stocks16:33 EST Yum China steps up 2024 share repurchases to $1.25B - The company plans to repurchase $1.25B of its common stock in 2024, through open market transactions in the U.S. and Hong Kong.
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YUMC | Hot Stocks16:32 EST Yum China raises dividend 23% to 16c per share - The board declared a 23% increase in cash dividend to 16c per share on Yum China's common stock, payable on March 26 to shareholders of record as of the close of business on March 5.
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MSBI | Hot Stocks16:32 EST Midland States boosts dividend 3.3% to 31c per share - Midland States Bancorp, announced that its Board of Directors declared a quarterly cash dividend of 31c per share of its common stock, an increase of 3.3% from the previous quarterly cash dividend of 30c per share. The dividend is payable on February 23 to all shareholders of record as of the close of business on February 16 . The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on April 1, 2024 to stockholders of record as of March 15, 2024. Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said, "This dividend declaration represents the 24th consecutive year that Midland States Bancorp has increased its quarterly cash dividend. We are pleased that our financial performance and prudent balance sheet management enables us to continuing increasing the amount of capital that we return to shareholders through our quarterly dividend while also retaining a sufficient amount of capital to increase our capital ratios to better support the continued growth of our franchise."
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RNR | Hot Stocks16:29 EST RenaissanceRe raises quarterly dividend to 39c per share from 38c - The Board of Directors of RenaissanceRe Holdings voted to increase the company's quarterly dividend to 39c per common share, from 38c per common share. The company has increased its dividend during each of the twenty-nine years since its initial public offering. The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024.
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AMGN | Hot Stocks16:24 EST Amgen sees more than a dozen significant pipeline milestones in 2024 - "2023 was another year of performance and progress for our company," said Robert Bradway, chairman and CEO. "Our marketed products are reaching many more patients around the world, and we anticipate more than a dozen significant pipeline milestones in 2024."
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HLX | Hot Stocks16:23 EST Helix announces decommissioning contract extension with Trident Energy - Helix Energy Solutions Group announced the extension of its decommissioning contract with Trident Energy do Brasil Ltda. The contract extension is for an additional 12 months and in direct continuation of the current contract. The extension is expected to begin in the fourth quarter of 2024 at rates in line with the improved well intervention market. The original contract commenced late 2022 offshore Brazil in the Campos Basin and utilizes the Siem Helix 1 riser-based well intervention vessel and a 10K Intervention Riser System. Helix is providing fully integrated plug and abandonment well services through its Subsea Services Alliance partner SLB as well as project management and engineering services. Helix and Siem Offshore have signed six-year charter extensions for both the Siem Helix vessels, with the Siem Helix 1 term extending through December 2030 and the Siem Helix 2 term extending through December 2031. The Siem Helix vessels are purpose-built advanced well intervention vessels capable of performing a wide range of subsea services including production enhancement, well decommissioning, subsea installation, offshore crane and Remotely Operated Vehicle (ROV) operations, offshore construction and emergency response. The Helix Producer I (HPI) contract has also been extended by one year, to June 1, 2025. Since 2016, the HPI, a ship-shaped dynamically positioned (DP2) floating production unit, has been located at Green Canyon Block 237 producing oil and gas through the existing Phoenix Field subsea infrastructure. The vessel is designed to produce hydrocarbons and export to shore via pipeline or tanker. Scotty Sparks, Helix's Executive Vice President and Chief Operating Officer, stated, "We are pleased to announce that Helix has successfully executed these contract extensions, reflective of improving market conditions and increased demand for Helix's assets and services."
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PGRE | Hot Stocks16:22 EST Paramount Group modifies, extends loan at One Market Plaza - Paramount Group announced that, together with its joint venture partner, it has modified and extended the existing mortgage loan at One Market Plaza, a 1.6 million square-foot two-building trophy asset in the South Financial District of San Francisco. The existing $975 million loan, which bears interest at a fixed rate of 4.03%, was scheduled to mature on February 6, 2024. In connection with the modification, the loan balance was reduced to $850 million, following a $125 million paydown by the joint venture. The modified loan bears interest at a fixed rate of 4.08% and matures in February 2027 and has an option to extend for an additional year, subject to certain conditions. "We are happy to announce the successful completion of this loan modification in a challenging capital markets environment. This transaction is a not only a testament to the quality of the asset, but also a testament to the quality of the sponsorship and its commitment to the asset," said Wilbur Paes, Chief Operating Officer, Chief Financial Officer, and Treasurer of Paramount.
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KD | Hot Stocks16:19 EST Kyndryl Holdings sees FY24 adjusted EBITDA margin at least 14.5% - Kyndryl is raising its fiscal 2024 outlook for adjusted pretax income to at least $150 million and raising its fiscal 2024 outlook for adjusted EBITDA margin to at least 14.5%. The company also continues to expect its constant-currency revenue growth to be (6%) to (7%) and for its fiscal 2024 adjusted free cash flow to be positive.
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PRU | Hot Stocks16:19 EST Prudential names Yanela Frias CFO - Prudential Financial announced that Yanela Frias, president of Group Insurance, has been appointed executive vice president and CFO, effective March 15, 2024, succeeding Ken Tanji. Frias will join the executive leadership team as an executive officer and report to Robert Falzon, vice chair of Prudential. Tanji will remain with the company through Sept. 30, 2024, to ensure a smooth transition. "Ken has played an important role in Prudential's success, holding a variety of finance leadership positions over his tenure with the company and, most recently, in directing the company's financial strategy. Ken made meaningful contributions as our CFO, including leading de-risking and capital release transactions, delivering on expense objectives, and successfully steering the company through the financial challenges of the pandemic and ensuing market volatility. On behalf of the Board of Directors and management team, I want to thank him for his 35 years of distinguished service and his many contributions and commitment to Prudential," said Charles Lowrey, chairman and CEO of Prudential Financial.
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HRB | Hot Stocks16:17 EST H&R Block CFO Tony Bowen to retire - H&R Block announced that CFO Tony Bowen has decided to retire. He is committed to a transition and will remain at the company into September. The company will begin an external search for Bowen's replacement.
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SNAP | Hot Stocks16:16 EST Snap down 28% after Q4 report, Q1 guidance - Snap shares are down $4.85, or 28%, to $12.60 in after-hours trading.
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INSP | Hot Stocks16:14 EST Inspire Medical shares jump over 3% after Q4 results surpass estimates - Shares are currently up over 3% of $7.00 to $233.25 per share in after-hours trading after generating revenue of $192.5M in the fourth quarter of 2023, a 40% increase over the same quarter last year, and revenue of $624.8M in full year 2023, a 53% increase over full year 2022; Achieved gross margin of 85.4% in the fourth quarter of 2023. We are thrilled with our strong performance in the fourth quarter, growing revenue 40% year-over-year and delivering over $14 million in net income. Our growth continues to be driven primarily by higher utilization at existing sites and was complemented by the addition of 78 new U.S. implanting centers and 13 new sales territories," said Tim Herbert, President, and Chief Executive Officer of Inspire Medical Systems. "During the quarter, we worked diligently with commercial payers to update coverage policies for our expanded indications, and we achieved several important milestones, including surpassing 60,000 patients treated with Inspire therapy and reporting our first quarter of operating income. We expect this strong operating leverage to continue and to reach profitability for the second half of 2024."
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CMG | Hot Stocks16:11 EST Chipotle sees FY24 comparable restaurant sales growth mid single digits - For 2024, management is anticipating the following: Full year comparable restaurant sales growth in the mid-single digit range; 285 to 315 new restaurant openings, which assumes developer, permit, inspection, and utility delays do not worsen; An estimated underlying effective full year tax rate between 25% and 27% before discrete items.
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F | Hot Stocks16:09 EST Ford declares supplemental dividend of 18c per share - Ford declared first-quarter regular and supplemental dividends of 15 and 18 cents per share, respectively, payable March 1 to shareholders of record on Feb. 16.
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NOG | Hot Stocks16:08 EST Northern Oil and Gas raises quarterly dividend 18% to 40c per share - Northern Oil and Gas announced the declaration of a dividend on the Company's common stock and provided an update on current hedging positions. NOG's Board of Directors has declared a cash dividend in the amount of $0.40 per share, the planned quarterly level for 2024 as previously disclosed. The dividend is payable on April 30, 2024, to stockholders of record as of the close of business on March 28, 2024. "We continue to deliver on our plan to generate strong free cash flow that can be dynamically allocated to create value for our investors," commented Chad Allen, NOG's Chief Financial Officer. "At the same time, through our practice of systematic hedging, we are protecting our underwritten returns. With an improved hedge profile, strong balance sheet and significant free cash flow, we have great options to deliver growth and value in multiple forms. Given our attractive current dividend yield of approximately 5% and a moderated commodity price environment, we plan to prioritize further growth investments and potential share repurchases as we seek to maximize total shareholder return in 2024."
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F | Hot Stocks16:07 EST Ford creating a 'product, software, services powerhouse,' says CEO - "We're the only company that gives customers such a wide range of choices - gas, hybrid and electric vehicles - made possible by our Ford+ plan and the talented team that's carrying it out," said President and CEO Jim Farley. "Ford is creating a product, software and services powerhouse with huge potential for this year and the long haul."
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EXC | Hot Stocks16:07 EST Exelon names Mike Innocenzo COO - Exelon announced that Mike Innocenzo, currently president and chief executive officer of Exelon subsidiary PECO, has been promoted to executive vice president and chief operating officer of Exelon, reporting to Exelon President and Chief Executive Officer Calvin Butler. Innocenzo will oversee all utility operations and the CEOs of BGE, ComEd, PECO and PHI will report to him. He will also be responsible for the Cyber & Information Security Services, Corporate Physical Security, IT, Safety, Supply, Training and Transmission Strategy & Compliance organizations. Dave Velazquez, currently Exelon executive vice president of Utility Operations and Technology, will succeed Innocenzo as president and chief executive officer of PECO, Pennsylvania's largest electric and natural gas delivery company serving nearly 1.7 million electric customers and more than 548,000 natural gas customers in southeastern Pennsylvania. "As we focus on leading an equitable energy transformation for our customers and communities, making a positive impact begins with the talent and experience of our team," said Butler. "We are pleased to have Mike Innocenzo, who has spent his career delivering operational excellence at PECO, bring his expertise to overseeing operations across Exelon. Mike will build on the top-tier performance levels our customers have come to expect. Similarly, we have a high caliber, respected industry leader in Dave Velazquez, with experience leading utilities, to continue PECO's advance toward best-in-class service. Both leaders are a testament to the depth of experience at Exelon." Exelon's Executive Vice President and Chief Human Resources Officer (CHRO) Amy Best has announced she will retire in May. Best has been with the company for 32 years, serving as Exelon's CHRO since 2012. During her tenure, Exelon has been widely recognized for its commitment to DEI, pay equity and family leave policies. Denise Galambos will succeed Best as senior vice president and Exelon's CHRO. Denise currently serves as Baltimore Gas and Electric's (BGE) senior vice president of Customer Operations.
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BRKR | Hot Stocks16:06 EST Bruker acquires Spectral Instruments Imaging - Bruker "announced that it has acquired Spectral Instruments Imaging LLC, a leader in preclinical in-vivo optical imaging systems. This acquisition fills a gap in the technology and product portfolio of the Bruker BioSpin Preclinical Imaging division, broadening its range of preclinical solutions for disease research. Established in 2009 in Tucson, Spectral Instruments Imaging (SII) is at the forefront of technology for co-registered bioluminescence, fluorescence, and X-ray preclinical imaging. SII systems are engineered with advanced optics, patented illumination, -90o C air-cooled high sensitivity cameras, absolute calibration for quantifiable imaging, excellent flexibility and ease of use."
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GILD | Hot Stocks16:05 EST Gilead raises quarterly dividend 2.7% to 77c per share - Gilead Sciences announced that the company's Board of Directors has declared an increase of 2.7% in the company's quarterly cash dividend, beginning in the first quarter of 2024. The increase will result in a quarterly dividend of $0.77 per share of common stock. The dividend is payable on March 28, 2024, to stockholders of record at the close of business on March 15, 2024. Future dividends will be subject to Board approval.
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ROL | Hot Stocks15:56 EST Rollins vice chairman Wilson sells 40,000 common shares - In a regulatory filing, Rollins vice chairman John Wilson disclosed the sale of 40,000 common shares of the company on February 5 at a price of $43.47 per share.
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BUD | Hot Stocks15:55 EST Anheuser-Busch 'not a Woke company,' Trump says in Truth Social post - In a post on Truth Social, former President Donald Trump stated in part: "The Bud Light ad was a mistake of epic proportions, and for that a very big price was paid, but Anheuser-Busch is not a Woke company, but I can give you plenty that are, am building a list, and might just release it for the World to see... Anheuser-Busch is a Great American Brand that perhaps deserves a Second Chance? What do you think? Perhaps, instead, we should be going after those companies that are looking to DESTROY AMERICA!" Reference Link
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MCAF | Hot Stocks15:10 EST Mountain Crest Acquisition Corp IV trading resumes
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BA ALK | Hot Stocks15:07 EST Boeing issues statement on NTSB preliminary report on January 5 investigation - Boeing issued the following statement: "Boeing appreciates the U.S. National Transportation Safety Board's work and will review their findings expeditiously. And we will continue to cooperate fully and transparently with the NTSB and the FAA investigations." Boeing President and CEO Dave Calhoun said, "Whatever final conclusions are reached, Boeing is accountable for what happened. An event like this must not happen on an airplane that leaves our factory. We simply must do better for our customers and their passengers. We are implementing a comprehensive plan to strengthen quality and the confidence of our stakeholders. It will take significant, demonstrated action and transparency at every turn - and that is where we are squarely focused."
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MCAF | Hot Stocks15:05 EST Mountain Crest Acquisition Corp IV trading halted, volatility trading pause
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BA ALK | Hot Stocks14:47 EST NTSB says bolts appeared to be missing from Boeing 737 Max plug door - The National Transportation Safety Board has released its preliminary report on the door plug that blew out midair on Boeing (BA) 737 Max 9 operated by Alaska Airlines (ALK) back on January 5th. According to the document, four key bolts appeared to be missing. Photo evidence released Tuesday seems to show the bolts were missing from the door plug, which had been removed to fix rivets that were damaged in the production process. Reference Link
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QLYS | Hot Stocks14:44 EST Qualys updates Q4 reporting date to February 7 - Qualys announced that the company will report its financial results for the fourth quarter 2023 after the market closes on Wednesday, February 7. Qualys will host a conference call and live webcast to discuss its fourth quarter 2023 financial results at 5:00 p.m. Eastern Time, the company noted.
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RTX | Hot Stocks14:01 EST Pratt & Whitney Canada's PT6A-52 selected to power Piper M700 Fury turboprop - RTX's Pratt & Whitney Canada announced its PT6A-52 engine has been selected by Piper Aircraft Inc. for the Piper M700 Fury aircraft. This is the first time the PT6A-52 engine is used to power a single-engine turboprop. "During our 55-year collaboration with Piper, we've had the privilege of powering some of the most successful single-engine turboprops in the industry," said Anthony Rossi, vice president, Global Sales and Marketing at Pratt & Whitney Canada. "The M700 Fury is an evolutionary addition to the Piper line-up that includes the PT6A-42A-powered M500 and M600 programs. In total, we have supplied Piper with 12 different PT6A engine models, delivering 3,100 engines to power more than 2,000 Piper aircraft."
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LUMN | Hot Stocks13:37 EST Lumen names Dave Ward as Chief Technology Officer - Lumen Technologies has named Dave Ward as its new Chief Technology Officer. He will report to Lumen CEO Kate Johnson starting next week and serve as a member of the executive team. Ward joins Lumen from PacketFabric, where he was the chairman and CEO. "Dave is a pioneer in networking technology and his experience will be a critical asset for Lumen. Throughout his impressive career, he has built network architectures that have advanced the capabilities of the Internet, with a focus on delivering significant customer value. In particular, Dave's deep knowledge of Network-as-a-Service technology will accelerate Lumen's NaaS platform as we disrupt the telecom industry with new digital experiences for enterprise customers," said Johnson.
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COHR | Hot Stocks12:00 EST Coherent rises 16.5% - Coherent is up 16.5%, or $8.14 to $57.56.
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SNDA | Hot Stocks12:00 EST Sonida Senior Living rises 18.1% - Sonida Senior Living is up 18.1%, or $1.64 to $10.71.
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PLTR | Hot Stocks12:00 EST Palantir rises 25.9% - Palantir is up 25.9%, or $4.33 to $21.05.
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NYCB | Hot Stocks12:00 EST New York Community Bancorp falls -13.5% - New York Community Bancorp is down -13.5%, or -73c to $4.67.
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CCK | Hot Stocks12:00 EST Crown Holdings falls -13.9% - Crown Holdings is down -13.9%, or -$12.31 to $76.02.
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FN | Hot Stocks12:00 EST Fabrinet falls -23.6% - Fabrinet is down -23.6%, or -$52.81 to $170.79.
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WE | Hot Stocks11:59 EST WeWork issues statement on recent press reports - WeWork issued the following statement in response to recent press reports: "WeWork is an extraordinary company. As such, we receive expressions of interest from external parties on a regular basis. We and our advisors always review those approaches with a view to acting in the best interests of the company. We continue to believe that the work we are currently doing - addressing our unsustainable rent expenses and restructuring our business - will ensure WeWork is best positioned as an independent, valuable, financially strong and sustainable company long into the future." The statement was issued after The New York Times' DealBook said that WeWork founder Adam Neumann has been trying to buy back the now-bankrupt business with the help of the hedge fund mogul Dan Loeb. Reference Link
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TM | Hot Stocks11:32 EST Toyota announces $1.3B investment at Kentucky facility - Toyota announced a $1.3B investment at its flagship Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant's total investment to nearly $10B. The investment supports the previously announced future BEV assembly at Toyota Kentucky. It also adds a battery pack assembly line to the facility, with batteries being supplied by Toyota Battery Manufacturing North Carolina. "Today's announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations," said Kerry Creech, president of Toyota Kentucky. "Generations of our team members helped prepare for this opportunity, and we will continue leading the charge into the future by remaining true to who we are as a company and putting our people first for generations to come."
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SPR EADSY | Hot Stocks11:15 EST Spirit says negotiations with Airbus 'productive'
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SPR EADSY | Hot Stocks11:14 EST Spirit in talks with Airbus on operating, financial elements of contract
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SPR BA | Hot Stocks11:13 EST Spirit AeroSystems fully aligned with Boeing, says CEO Shanahan
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SPR | Hot Stocks11:13 EST Spirit AeroSystems has taken 'hard look' at processes since January 5 - Comments taken from Q4 earnings conference call.
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NWN | Hot Stocks11:10 EST NW Natural Water expands presence in Arizona, Oregon with acquisitions - NW Natural Water Company, LLC, a wholly-owned subsidiary of Northwest Natural Holding Company, has expanded further in two states with the acquisitions of Hiland Water Corporation's water utility business in Newberg, Oregon and Truxton Canyon Water Company and Cerbat Water Company near Kingman, Arizona. In addition, NW Natural Water increased its ownership in Avion Water Company, which serves communities in and around Bend, Oregon. "We are excited to see NW Natural Water continue to expand across our existing regions," said Justin Palfreyman, NW Natural Water's president. "We continue to execute on our strategy to build a strong water and wastewater utility business that is focused on safety, reliability, customer service, and environmental stewardship." With these transactions, NW Natural Water serves nearly 175,000 people through approximately 70,000 connections across five states.
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SBGI | Hot Stocks11:01 EST Sinclair Broadcast, Futuri partner to innovate TV sales with AI tech - Sinclair Broadcast Group announced a strategic partnership that will integrate Futuri's advanced AI-driven sales system, TopLine, into Sinclair's 186 owned and or operated television stations, spanning 85 markets. The decision to adopt TopLine AI follows a successful pilot program initiated during the summer 2023. The pilot demonstrated the tool's effectiveness in improving sales efficiency and revenue growth. TopLine combines AI technology with sales research and data-driven presentations, empowering sales teams to extend into new categories, get more appointments, and reach new types of buyers.
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SNX | Hot Stocks10:10 EST TD Synnex appoints Miriam Murphy as president, Europe - TD SYNNEX announced the appointment of Miriam Murphy as the company's new president, Europe. Murphy starts in her new role on April 8th, 2024, and will be responsible for leading the company's 7,000-strong European workforce, driving business strategy and operational execution in the region. She will report to Patrick Zammit, COO, TD SYNNEX - who she succeeds as president, Europe - and she will serve on the company's global executive team. Murphy will lead the distributor's European executive board, which consists of geo leaders, as well as executives responsible for strategic business units and support functions in the region. Murphy returns to TD SYNNEX following two years as chief executive officer, Europe at NTT Ltd.
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SLAB | Hot Stocks10:09 EST Silicon Labs, Arduino collaborate for Matter over Thread application development - Silicon Labs announced a new partnership in collaboration with Arduino to better enable seamless development of Matter over Thread applications for Arduino's 33 million-strong developer community. Developed in collaboration with Silicon Labs, Arduino's first-ever Matter software libraries are available today on both the xG24 Explorer Kit from Silicon Labs and the xG24-based SparkFun Thing Plus Matter - MGM240P development board.
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WAVD | Hot Stocks10:07 EST SEC declares Form S-4 statement effective for WaveDancer, Firefly merger - WaveDancer and Firefly Neuroscience announced that the Registration Statement on Form S-4 relating to the companies' proposed merger was declared effective by the Securities and Exchange Commission. Accordingly, WaveDancer commenced the mailing of a definitive proxy statement to WaveDancer stockholders of record as of the close of business on February 1, 2024. WaveDancer will hold a special meeting of its stockholders to approve the proposed merger on March 14, 2024, at 10:00 a.m. Eastern Time. "We are very pleased that the Registration Statement has been declared effective and are now ready to move forward with our stockholder vote next month. We now expect to close earlier in the second quarter of 2024 than originally anticipated," said Jamie Benoit, Chairman and CEO of WaveDancer. "We hope that bringing Firefly and its FDA-cleared, Brain Network Analytics platform, developed with artificial intelligence, to the Nasdaq will accelerate the company's ability to work with medical professionals to improve outcomes for people suffering from mental illnesses and cognitive disorders and we believe this transaction will translate into greater value for stockholders of both companies."
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BAESY | Hot Stocks10:07 EST BAE Systems receives $114M in FMS contracts from U.S. Army - BAE Systems received $114 million in Foreign Military Sales contracts from the U.S. Army for AN/AAR-57 Common Missile Warning Systems. With the new FMS contracts, additional U.S. allies now procure CMWS for its proven survivability capabilities. The allies will use these systems to protect existing fleets and newly acquired aircraft, including AH-64 Apache, CH-47 Chinook, and UH-60 Black Hawk helicopters.
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VZ ERIC | Hot Stocks10:06 EST Verizon, Ericsson complete trial of advanced L4S capabilities - Verizon (VZ) and Ericsson (ERIC) recently completed a trial of advanced Low-Latency, Low-Loss, Scalable Throughput (L4S) capabilities that will optimize Verizon's 5G network for more robust solutions like interactive video, remote control of industrial processes, augmented reality and virtual reality. The L4S trial, conducted in Ericsson's D-15 5G innovation and co-creation lab in Santa Clara, CA, tested an XR application using an XR virtual reality headset over Ericsson's 5G stand alone core connecting to Verizon's C-Band spectrum. The trial demonstrated how enabling L4S signaling in the Radio Access Network allowed content providers to adjust the rates at which they sent their data packets, thereby markedly improving the performance of urgent, high-bandwidth applications over Verizon's 5G network. The results showed latency reduction by up to fifty percent, demonstrating the potential of L4S as a rate adaptation framework for 5G time-critical high data rate applications.
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PRPO | Hot Stocks10:05 EST Precipio trading resumes
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HOOD | Hot Stocks10:04 EST Robinhood Connect integrates with MetaMask for Web3 access - Consensys and Robinhood Markets launched the integration of Robinhood Connect with MetaMask, the world's leading self-custodial web3 wallet. Using MetaMask's Buy Crypto feature, customers can now purchase crypto through Robinhood's low cost order engine. The launch is part of MetaMask's ongoing goal of supporting the adoption of web3 by providing more users with frictionless, secure, and self-custodial onboarding to web3. Self-custodial options like MetaMask allow crypto users to maintain complete control over their digital assets. By integrating two leading platforms in web3 and financial technology, Robinhood's customers can now use Robinhood Connect to purchase crypto through MetaMask's Buy Crypto aggregator, which allows them to seamlessly and easily buy crypto from a number of different providers.
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JPM | Hot Stocks10:03 EST Chase to open over 500 branches, hire 3,500 employees by 2027 - Chase will open more than 500 new branches, renovate approximately 1,700 locations and hire 3,500 employees over the next three years to provide greater access to banking and bring affordable and convenient financial services to more customers and communities across the country. Chase will enter several new markets - including low-to-moderate income and rural communities with little access to traditional banking services - and will continue expanding its footprint in locations like Boston, MA, Charlotte, NC, the Greater Washington region, Minneapolis, MN, and Philadelphia, PA. This multi-billion dollar commitment will contribute to local economic growth through construction, ongoing community investments and local hiring, bringing opportunity to thousands of local residents across the bank's footprint.
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PRPO CAH | Hot Stocks10:01 EST Precipio, Cardinal Health enter distribution agreement for HemeScreen portfolio - Precipio (PRPO) has entered into a distribution agreement with Cardinal Health (CAH) for its HemeScreen molecular assay products. Under the agreement, Cardinal Health will market and distribute Precipio's HemeScreen portfolio of molecular assays to its customer base, which comprises primarily the acute healthcare systems as well as reference laboratories and physician owned laboratories.
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PRPO | Hot Stocks10:00 EST Precipio trading halted, volatility trading pause
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CTS | Hot Stocks10:00 EST CTS Corporation rises 12.0% - CTS Corporation is up 12.0%, or $4.97 to $46.54.
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COHR | Hot Stocks10:00 EST Coherent rises 14.1% - Coherent is up 14.1%, or $6.95 to $56.37.
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PLTR | Hot Stocks10:00 EST Palantir rises 25.4% - Palantir is up 25.4%, or $4.24 to $20.96.
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ST | Hot Stocks10:00 EST Sensata falls -8.1% - Sensata is down -8.1%, or -$2.92 to $33.20.
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CCK | Hot Stocks10:00 EST Crown Holdings falls -12.6% - Crown Holdings is down -12.6%, or -$11.15 to $77.18.
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FN | Hot Stocks10:00 EST Fabrinet falls -21.8% - Fabrinet is down -21.8%, or -$48.64 to $174.96.
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HSDT | Hot Stocks09:48 EST Helius Medical Technologies Inc trading resumes
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FMC | Hot Stocks09:47 EST FMC Corporation falls -12.3% - FMC Corporation is down -12.3%, or -$7.42 to $53.00.
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FN | Hot Stocks09:47 EST Fabrinet falls -18.5% - Fabrinet is down -18.5%, or -$41.34 to $182.26.
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CCK | Hot Stocks09:47 EST Crown Holdings falls -19.8% - Crown Holdings is down -19.8%, or -$17.53 to $70.80.
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GOTU | Hot Stocks09:47 EST Gaotu Techedu rises 8.1% - Gaotu Techedu is up 8.1%, or 32c to $4.25.
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BTTX | Hot Stocks09:47 EST Better Therapeutics enters rebate pact with PBM for AspyreRx diabetes treatment - Better Therapeutics announced that it has entered into a rebate agreement with one of the nation's leading Pharmacy Benefit Managers negotiating on behalf of over 70M lives in the US. The rebate agreement, effective January 1, 2024, applies to the PBM's commercial book of business and provides plan participants of the PBM the ability to add AspyreRx to their formularies with rebate eligibility. Better Therapeutics launched AspyreRx in October 2023, after receiving U.S. FDA authorization in July 2023 as the first prescription-only digital therapeutic to treat adults with type 2 diabetes. The company continues to engage with national and regional health plans, as well as Pharmacy Benefit Managers and Group Purchasing Organizations, to communicate the value of AspyreRx for patients with T2D and to secure broad coverage.
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PLTR | Hot Stocks09:47 EST Palantir rises 19.4% - Palantir is up 19.4%, or $3.24 to $19.96.
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COHR | Hot Stocks09:47 EST Coherent rises 19.4% - Coherent is up 19.4%, or $9.58 to $59.00.
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HSDT | Hot Stocks09:43 EST Helius Medical Technologies Inc trading halted, volatility trading pause
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KSCP | Hot Stocks09:42 EST Knightscope renews security robot contract with North Hollywood client - Knightscope announces that a client in the entertainment industry has renewed its K5 Autonomous Security Robot contract for the eighth consecutive year. The client consistently cites the ASR's deterrence results among the top reasons for satisfaction in quarterly business reviews. Prior to deployment, security issues included trespassing, vandalism, theft and break-ins, all of which have been reduced to a handful of incidents over the past 7 years.
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CHH TSLA | Hot Stocks09:41 EST Choice Hotels to offer access to Tesla electric vehicle charging stations - Choice Hotels (CHH) announced an agreement with Tesla (TSLA) to offer Tesla Universal Wall Connectors to participating Radisson, Cambria, Comfort, Country Inn & Suites, Quality Inn and other Choice-branded hotels across the U.S. Through this agreement, Choice-branded properties can add four or more charging stations for guests, helping to meet the growing demand for electric vehicle charging and eliminate one of the biggest pain points for EV drivers traveling for business or leisure. Currently, 41% of Choice's Cambria hotels offer EV charging, and by the end of 2024, all are expected to be outfitted with at least one charging station. Cambria guests rank EV charging as one of the top three sustainability priorities that they look for when booking a stay. Additionally, several of Choice's corporate offices currently offer EV charging stations, including North Bethesda, Maryland and Scottsdale, Arizona.
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TENX | Hot Stocks09:38 EST Tenax Therapeutics trading resumes
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BTOG | Hot Stocks09:38 EST Bit Origin Ltd trading resumes
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PINC | Hot Stocks09:37 EST Premier trading resumes
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PBAX | Hot Stocks09:36 EST Phoenix Biotech Acquisition Corp trading resumes
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NWBO | Hot Stocks09:34 EST Northwest Biotherapeutics completes key development work for Flaskworks system - Northwest Biotherapeutics announced that the key development work for the Flaskworks manufacturing system has been completed and an external vendor has been engaged to produce GMP-grade units of the system. In addition, the patent coverage of the Flaskworks system has been expanded: the foundational patent has been issued in the U.S. and an additional new patent application has been filed. The Company believes that this broad patent coverage will help it build a strong franchise. The Company believes that the Flaskworks system will play a central role in enabling the efficient and timely scale-up of manufacturing to make DCVax-L products for large numbers of patients, and in reducing the manufacturing facility costs. The Company further believes that these efficiencies will be pivotal for enabling the DCVax-L platform to be affordable and potentially suitable for widespread use as a frontline therapy. As the Company has previously reported, including at its Annual Meeting in December 2022, the Flaskworks system has been under intensive development for a number of years. Several fundamentally differing approaches and system designs were developed, tested, modified and re-tested until the best one was determined. The next step is to have GMP-compliant versions of the prototype Flaskworks machine made with GMP grade materials. A specialized contractor has been engaged to do so. This process is expected to take several months, in part due to ongoing supply chain issues. As soon as the GMP-grade units are delivered, Advent BioServices will undertake final qualification and validation of the GMP units and use engineering runs with the system to collect data in order to submit an application to regulators to approve the use of the system for production of DCVax-L for patients. The Company is optimistic about this approach because the Flaskworks system now closely mirrors the existing manufacturing process, and the DCVax-L products manufactured through the Flaskworks system are substantially comparable to the DCVax-L products made through the existing manual process.
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TENX | Hot Stocks09:33 EST Tenax Therapeutics trading halted, volatility trading pause
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BTOG | Hot Stocks09:33 EST Bit Origin Ltd trading halted, volatility trading pause
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FMC | Hot Stocks09:33 EST FMC Corporation: About 8% of workforce to be impacted by reductions - The company said it has made "strong" progress through a voluntary separation program in the U.S. and has preparations under way for additional workforce reductions company-wide. Approximately 8% of its workforce will be impacted as it consolidates roles and adjusts team structures. Comments taken from Q4 earnings conference call.
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PINC | Hot Stocks09:32 EST Premier trading halted, volatility trading pause
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PBAX | Hot Stocks09:31 EST Phoenix Biotech Acquisition Corp trading halted, volatility trading pause
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JFBR | Hot Stocks09:30 EST Jeffs' Brands launches sales of Fort brand on Amazon Marketplace in France - Jeffs' Brands announced the commencement of sales for the brand of its wholly-owned subsidiary Fort Products Ltd., of pest control solutions on the Amazon Marketplace in France. This expansion is part of the Company's strategy to address the growing demand for effective pest control solutions globally. To accommodate future demands and ensure a steady supply of products, Jeffs' Brands previously announced on January 31, 2024, the establishment of a dedicated production line in China. This strategic expansion emphasizes its commitment to providing top-tier products and services to its customers worldwide.
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CURLF | Hot Stocks09:29 EST Curaleaf acquires Can4Med, terms not disclosed - Curaleaf is pleased to announce its acquisition of Can4Med, a prominent pharmaceutical wholesaler specializing in cannabinoid medications in Poland. This strategic move marks a significant milestone for both companies and underscores Curaleaf's commitment to enhancing patient access to high-quality medical cannabis products across Europe. Poland boasts one of Europe's largest patient populations seeking medical cannabis; by joining forces with Can4Med, Curaleaf International gains a strong foothold in this dynamic market, allowing it to serve patients more effectively and expand its product offerings.
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GYRO | Hot Stocks09:27 EST Gyrodyne announces commencement of rights offering - Gyrodyne announced the commencement of the subscription period of its rights offering. As previously announced, the Company intends to raise up to $5 million in aggregate gross proceeds by way of a rights offering in which its existing shareholders as of the record date of January 29, 2024 will be granted rights to purchase shares of the Company's common stock. The Company filed a registration statement with respect to the proposed Rights Offering with the Securities and Exchange Commission on December 29, 2023. In the Rights Offering, the Company will distribute to holders of Gyrodyne's common shares non-transferable subscription rights to purchase up to an aggregate of 625,000 shares of common stock at a subscription price of $8.00 per share. Each right consists of a basic subscription privilege and an oversubscription privilege. The rights under the basic subscription privilege will be distributed in proportion to shareholders' holdings on the Record Date. Shareholders will receive one subscription right for each five shares held. Each whole subscription right gives the shareholders the opportunity to purchase two of the Company's common shares for $8.00 per share. If a shareholder exercises his or her basic subscription right in full, and other shareholders do not, such shareholder will be entitled to an oversubscription privilege to purchase a portion of the unsubscribed shares at the subscription price, subject to proration and certain limitations. The Company expects to use the net proceeds received from the rights offering to complete the pursuit of entitlements on the Company's Flowerfield and Cortlandt Manor properties, for litigation fees and expenses in the Article 78 proceeding against the Company, for property purchase agreement negotiation and enforcement, for necessary capital improvements in the Company's real estate portfolio, and for general working capital. The subscription rights are exercisable until 5:00 p.m., New York City time, on March 7, 2024. Gyrodyne may extend the rights offering period for additional periods ending no later than April 6, 2024 or cancel the rights offering at any time for any reason.
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BREA | Hot Stocks09:23 EST Brera Holdings highlights benefits of a MCO model - Brera Holdings describes some of the benefits of the multi-club ownership, MCO, model. As the only publicly-listed MCO company in the world, holding six assets in its professional sports team portfolio, Brera has already begun to diversify its sports holdings. "We remain on target with our sports team rollup and are now ready to begin the next chapter in expanding the multi-club ownership movement and believe that our unique model, including Nasdaq-listed shares, and rapid international expansion plans, will appeal to fans and savvy investors. As we grow the Brera brand and tournament exposure, we believe that we will benefit from increased industry exposure that these mega deals generate and, whether it's on the pitch or in the board room, Brera is playing to win," stated Pierre Galoppi, Chief Executive Officer of Brera Holdings.
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MULN | Hot Stocks09:22 EST Mullen Automotive's Bollinger Motors receives IRS approval for EV tax credit - Mullen Automotive announces Bollinger Motors has received IRS approval as a "qualified manufacturer" for clean vehicle credits under the Inflation Reduction Act of 2022. This designation enables the Bollinger B4 chassis cab to qualify for the IRA's new credit for qualified commercial clean vehicles, providing eligible purchasers a tax credit of up to $40,000 per vehicle. "Bollinger Motors is poised for growth and we're ready to help electrify America's fleets," said Robert Bollinger, founder and CEO of Bollinger Motors. "These tax credits are an important incentive for our customers to replace their gas and diesel trucks and lower their total cost of ownership." Businesses and tax-exempt organizations that buy a qualified commercial clean vehicle may qualify for a clean vehicle tax credit of up to $40,000 under Section 45W of the Internal Revenue Code. The company anticipates deliveries of the Bollinger B4 chassis cab to begin in the second half of 2024.
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GPRO AAPL | Hot Stocks09:21 EST GoPro releases Quik desktop app for macOS - GoPro (GPRO) released an Apple (AAPL) macOS desktop version of its mobile app, Quik. GoPro also announced a new Premium+ $99.99 GoPro subscription tier that offers additional features and benefits beyond the original $49.99 GoPro subscription tier, now known as "Premium." The Quik desktop app is available at no additional charge to GoPro subscribers. It syncs with the Quik mobile app, making it easy to start a project on one device and then finish it on another.
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UFPT | Hot Stocks09:21 EST UFP Technologies appoints Mitchell Rock as president - UFP Technologies announced the appointment of Mitchell Rock as President of the Company. Rock has been serving as President of the Company's MedTech business. R. Jeffrey Bailly will continue in his capacity as Chairman and CEO
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ZENV | Hot Stocks09:18 EST Zenvia signs agreement with stakeholders to address funding gap - Zenvia has entered into agreements with a group of stakeholders aimed at addressing its existing funding gap. These transactions include: agreements with banks for extension of short-term debt, in the total outstanding amount of approximately BRL100M. Payment terms were extended to a total of 36 months, including a 6-month grace period and 30 monthly payments, with final maturity in December 2026; renegotiation of Movidesk's earnout, in the total outstanding amount of approximately BRL 207M - payment terms were extended to a total of 60 months, with final maturity in December 2028; renegotiation of D1's earnout, in the total outstanding amount of approximately BRL20M - payment terms were extended to a total of 36 months, with a 6-month grace period and 30 monthly payments, with final maturity in December 2026; and issuance of 8,860,535 Class A common shares to be acquired by Cassio Bobsin, Zenvia's founder & CEO via Bobsin Corp, for the price of $1.14 per Class A common share, representing a total investment of approximately BRL50M in Zenvia. For a period of 3 years from the closing date of the investment, Bobsin will be entitled to receive additional cash or equity returns on its investment upon the occurrence of certain future liquidity or corporate transaction events.
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NVTA | Hot Stocks09:16 EST NYSE to commence delisting proceedings against Invitae - The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Invitae Corporation - ticker symbol NVTA - from the NYSE. Trading in the company's common stock will be suspended immediately. NYSE Regulation has determined that the company's common stock is no longer suitable for listing based on "abnormally low" price levels, pursuant to Section 802.01D of the Listed Company Manual. The company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the company's common stock upon completion of all applicable procedures, including any appeal by the company of the NYSE Regulation staff's decision. Reference Link
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ZYXI | Hot Stocks09:16 EST Zynex receives FDA clearance for next generation NMES device - Zynex announced that it has received clearance from the U.S. FDA for the next generation M-Wave Neuromuscular Electrical Stimulation device. NMES treatments have several uses, including aiding recovery from surgery, managing chronic conditions, and even enhancing exercise performance in healthy individuals. The M-Wave replaces its predecessor, the E-Wave, which has been fundamental in NMES treatments across the U.S. since 1998. The E-Wave was the most powerful and versatile muscle stimulation device on the market for over two decades and the M-Wave builds on that history of performance with a more intuitive design and additional functionality.
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NICH | Hot Stocks09:16 EST Nitches, Inc. establishes Overseas Representative Office in Asia - Nitches in a strategic move to bolster its global footprint and deepen its engagement with the competitive Asian pricing market, Nitches is excited to announce the establishment of a new Overseas Representative Office in Asia. This new Nitches initiative will be spearheaded by its new member to its board of advisors, the seasoned business leader Li Kam Hung.
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GMGI | Hot Stocks09:15 EST Golden Matrix files definitive proxy statement - Golden Matrix Group announced that the Company will hold a Special Meeting of Shareholders to vote on, among other things, the proposed acquisition of the MeridianBet Group. The meeting will take place on March 19, 2024, at 12:00 P.M. Las Vegas time. The meeting will be held in a virtual format, via live audio webcast. Shareholders will be mailed a control number which they will need to join the virtual meeting.
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NWVCF BOF | Hot Stocks09:15 EST EnWave signs toll manufacturing agreement with BranchOut Food - EnWave Corporation (NWVCF) announced that it has signed a toll manufacturing agreement with current royalty partner BranchOut Foods (BOF) to produce vegetable snack products on an interim basis. The Agreement secures two months of single-shift manufacturing, beginning early March 2024, and also provides for optional additional toll manufacturing as needed.
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FTNT | Hot Stocks09:14 EST Fortinet announces FortiGate Rugged 70G with 5G Dual Modem - Fortinet announced a new compact, ruggedized appliance explicitly built to deliver enhanced secure networking capabilities and 5G connectivity to operational technology environments. Backed by the latest, fifth-generation Fortinet Security Processing Unit, the FortiGate Rugged 70G with 5G Dual Modem provides unparalleled networking performance, cutting-edge FortiGuard AI-Powered Security Services, and high availability through a 5G dual modem to address a variety of use cases in harsh, remote environments, including full-service remote ATMs within the banking industry.
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BLZE | Hot Stocks09:14 EST Backblaze launches Powered by Blackblaze - Backblaze announced the launch of Powered by Backblaze. This program helps independent software vendors, technology partners, and other companies take the complexity out of offering object storage within their branded user experience so that they can focus on enabling customer success and growing revenue. "Backblaze has built the leading specialized storage cloud," said Gleb Budman, CEO at Backblaze. "Powered by Backblaze offers companies the ability to deliver the value of our cloud to their customers without the complexity of building their own high performance infrastructure. We are happy to take care of that part so that businesses can easily expand their platforms with affordable, reliable data storage."
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RPD | Hot Stocks09:13 EST Rapid7 adds new managed digital risk protection to MDR Service - Rapid7 announced a new Managed Digital Risk Protection, DRP, service for external threat monitoring and remediation that prevents attacks earlier in the threat life cycle. Customers can add this solution to Managed Threat Complete, Rapid7's leading managed detection and response, MDR, service, for extended visibility and response support across their internal and external attack surfaces. "Rapid7 is changing the game in managed security," said Jeremiah Dewey, senior vice president of managed services, Rapid7. "Bringing digital risk protection into Managed Threat Complete gives our experts a broadened view into customers' environments, along with timely, relevant insights. We can therefore proactively uncover the earliest stages of a potential attack and terminate it before it might make an impact."
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MIGI | Hot Stocks09:12 EST Mawson Infrastructure executes another customer co-location agreement - Mawson Infrastructure Group announces that the Company has signed a new co-location agreement between a wholly-owned subsidiary of Mawson and a wholly-owned subsidiary of Faith Technologies Incorporated. The new customer co-location agreement is for Mawson to provide FTI with co-location services for approximately 1,176 miners or approximately 4 MW at Mawson's Midland, Pennsylvania facilities with future potential capacity expansion with Mawson upon mutual agreement. Rahul Mewawalla, Mawson's CEO and President, commented, "We are delighted to sign and are excited to welcome our third co-location customer since as recently as the start of Q4, 2023, which continues our successful build of a growing multi-customer base for Mawson's co-location business. We have been pleased with our recent operational and technological enhancements across our self-mining and co-location businesses, and our increased overall platform capabilities as we look to 2024 ahead."
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AMD | Hot Stocks09:12 EST AMD announces launch of AMD Embedded+ architecture - AMD announced the launch of AMD Embedded+, a new architectural solution that combines AMD Ryzen Embedded processors with Versal adaptive SoCs onto a single integrated board to deliver scalable and power-efficient solutions that accelerate time-to-market for original design manufacturer partners. Validated by AMD, the Embedded+ integrated compute platform helps ODM customers reduce qualification and build times for faster time-to-market without needing to expend additional hardware and R&D resources. ODM integration using Embedded+ architecture enables the use of a common software platform to develop designs with low power, small form factors, and long lifecycles for medical, industrial, and automotive applications.
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EEFT | Hot Stocks09:11 EST Euronet expands ATM network into Belgium, Mexico - Euronet announced the further expansion of its independent ATM network, IAD, with new launches in Belgium and Mexico, increasing its global ATM footprint to 38 countries across Europe, Asia Pacific, Africa and the Americas. The announcement follows a series of global ATM expansion initiatives for Euronet in recent years, including new IAD deployments in Europe, Northern Africa and Southeast Asia. "We are excited with the launch of two more markets for our Independent ATM business," said Nikos Fountas, Executive Vice President and Chief Executive Officer, Euronet Americas and EMEA EFT Division. "With Belgium, we further deepen and strengthen our presence in Europe, reaching more customers and offering greater cash accessibility. We are also excited about the launch of Mexico and the further diversification of our ATM network outside of Europe, which marks an important element of our international growth strategy.
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LPLA | Hot Stocks09:11 EST LPL Financial: Equity Design Group joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisors Jason Hohenstein, AIF, Kevin Snow, CFP, and William Zoromski of Equity Design Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. The team reported having served approximately $520 million in advisory, brokerage and retirement plan assets, and join LPL from Osaic. Established in Wausau, Wis., the three co-founders have more than nine decades of combined financial services experience between them. They launched Equity Design Group in 1997 with the goal of providing clients with the tailored financial strategies, fiscal education and personal service to help them design their own financial futures.
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WLDS | Hot Stocks09:10 EST Wearable Devices introduces new 'spatial depth' control for Mudra Band - Wearable Devices announced the launch of a new Air-Touch functionality which allows users to use the Company's Mudra Band for depth navigation, adding an extra dimension to user interactions. "We are thrilled to herald a new era in spatial gestures technology by fusing motion sensors with our proprietary surface nerve conductance sensors. The ability to navigate in the depth axis opens a realm of potentialities, and is a testament of our commitment to pushing technological boundaries and delivering innovative solutions to enhance user interactions," commented Asher Dahan, Chief Executive Officer of Wearable Devices. "As we enter the new frontier of spatial computing, our Company is committed to providing the most natural and intuitive gesture control, thus confirming our Company's mission of setting the input standard for extended reality experiences."
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MGRX | Hot Stocks09:10 EST Mangoceuticals to offer one year supply of Mango ED to Big Game losing team - Mangoceuticals announces that regardless of who loses the Big Game this Sunday, they are prepared to offer a free one-year supply of its Mango ED products for the entire losing team, ensuring they still get sacked after the game. In addition to offering the losing team players the opportunity to score, fans can also get in on the fun with a special discount code equal to the game's point difference, along with discounts site-wide. This code will be available to fans following the results of the Big Game.
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TPH | Hot Stocks09:08 EST TRI Pointe Homes launched Bobby Berk x Tri Pointe Homes - Bobby Berk and Tri Pointe Homes have launched Bobby Berk x Tri Pointe Homes, and the first Berk-designed homes across America are now available for purchase. The exclusive collaboration includes ten interior design collections created exclusively by Berk for Tri Pointe Homes - such as Luxe Bohemian, New Mediterranean and Transitional Farmhouse. Tri Pointe Homes communities in Charlotte, NC, Rancho Mission Viejo, CA and Winchester, CA are the first to showcase the Berk-designed homes in January 2024, with Berk-designed model homes slated to be released in four more cities over the next year. By 2025, all of the 15 metro areas Tri Pointe Homes serves are expected to give Tri Pointe's customers access to The BB Edit designs.
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AZN | Hot Stocks09:08 EST AstraZeneca anounces $300M investment in Rockville, MD facility - AstraZeneca is investing $300M in a state-of-the-art facility in Rockville, MD to launch its life-saving cell therapy platforms in the US for critical cancer trials and future commercial supply. More than 150 new highly skilled jobs will be created to initially focus on manufacturing T-cell therapies to enable clinical trials to be conducted around the world. Over time, the site may expand its focus to support other disease areas. The site represents the latest investment in cell therapy for AstraZeneca following collaborations with Quell therapeutics, AbelZeta, Cellectis, and the acquisition of Neogene Therapeutics. Pam Cheng, Executive Vice President of Global Operations & IT and Chief Sustainability Officer, AstraZeneca, said: "We are incredibly excited that more than 150 new highly skilled jobs are being created to bring our scientific work and therapies to clinical trials which could transform the lives of patients around the world. This new $300 million investment will accelerate our ambition to make next-generation cell therapy a reality, ensuring that we are ready to scale and meet the demands of patients."
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PHG | Hot Stocks09:08 EST Philips receives 510(k) clearance for latest IntelliVue patient monitor software - Royal Philips has received 510(k) clearance for its latest IntelliVue patient monitor software, which features the long-anticipated availability of several new solutions, including thePhilips Sounds alarm package, making it available in the USA and more than 200 countries worldwide.
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SYRA | Hot Stocks09:07 EST Syra Health awarded $250K with D.C.'s Department of Behavioral Health - Syra Health has been awarded a one-year contract with the District of Columbia's Department of Behavioral Health worth approximately $250K. The D.C. Department of Behavioral Health provides prevention, intervention, and treatment services and support for children, youth, and adults with mental and/or substance use disorders including emergency psychiatric care and community-based outpatient and residential services. Under the contract, Syra Health will conduct an epidemiological study aimed at identifying the prevalence and types of behavioral health conditions that exist among youth in the district. Once it has completed the study, Syra Health will also provide a detailed report of its outcomes.
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CVM | Hot Stocks09:06 EST CEL-SCI announces Multikine cGMP dedicated facillity commissioning completed - CEL-SCI reported that its Multikine or Leukocyte Interleukin, Injection, cGMP state-of-the-art dedicated manufacturing facility commissioning has been completed. "This is a very significant milestone in bringing Multikine to market since the manufacturing facility is part of a planned Biologics License Application required for approval of Multikine in the treatment of head and neck cancer," stated CEL-SCI's CEO Geert Kersten. Originally constructed to supply Multikine for the world's largest global pivotal Phase 3 trial in locally advanced squamous cell carcinoma of the head and neck, CEL-SCI's facility has been expanded and upgraded in preparation for the Company's submission of Multikine for regulatory approval and commercial scale manufacturing. In keeping with CEL-SCI Validation Master Plan, industry standards, International Society for Pharmaceutical Engineering ISPE guidelines, International Conference for Harmonization and in compliance with regulatory guidelines, CEL-SCI undertook commissioning and qualifying the facility's utilities, systems, and equipment.
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EDBL | Hot Stocks09:06 EST Edible Garden announces Pulp sustainable gourmet sauces - Edible Garden AG Incorporated announced that Edible Garden's new line of Pulp sustainable gourmet USDA Organic fermented sauces are now available in all nineteen Woodman's Markets locations across Wisconsin and Illinois. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to announce that our Pulp line of sustainable gourmet USDA Organic fermented sauces is now being carried in all nineteen Woodman's Markets locations across Wisconsin and Illinois. Initial feedback received from customers after tasting Pulp has been extremely positive and we remain confident that as more customers experience our sustainable, USDA Organic, 'Bland to Bold' gourmet sauces, they will be eager to try additional items from the product line. Woodman's large retail locations which average 230,000 square feet, are open 24 hours a day, 7 days a week, and carry a wide variety of products, resulting in high traffic volume make them an ideal partner for Edible Garden."
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PRGS | Hot Stocks09:06 EST Progress Software announces latest release of OpenEdge - Progress announced the latest release of Progress OpenEdge, the flagship application development platform used by over 100,000 customers across the globe to simplify the delivery of mission-critical business applications. By leveraging the new features and enhancements of OpenEdge 12.8, organizations can optimize their development processes, improve database performance, enhance application security and stay current with the evolving technology landscape.
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LIQT | Hot Stocks09:05 EST LiqTech expands distribution coverage in UK pool water filtration system market - LiqTech has expanded its distribution with Barr + Wray, a provider of spas, swimming pools, water feature design, engineering and contracting, to include the UK. The expanded agreement builds on two companies' recent partnership in parts of the Middle East to grow LiqTech's Aqua Solution swimming pool water filtration systems in the country.
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NUWE | Hot Stocks09:05 EST Nuwellis announces new case series on potential of Aquadex therapy - Nuwellis announced the publication of new data demonstrating the potential value of the Aquadex SmartFlow system's aquapheresis therapy when treating patients with fluid overload as a result of end-stage liver disease. The publication, "Utilization of Aquapheresis Among Hospitalized Patients with End-Stage Liver Disease: A Case Series and Literature Review," is a single-center retrospective case series featured in Clinical Transplantation. "This study presents an exciting new market opportunity for Nuwellis, and we look forward to gathering additional data demonstrating how Aquadex can benefit these patients," said Nestor Jaramillo, Jr., president and chief executive officer of Nuwellis. "Four and a half million adults in the U.S. have been diagnosed with liver disease.1 To date, there has been little to no clinical evidence gathered demonstrating the benefits of aquapheresis for patients with liver disease. This publication lays the foundation for a new clinical application already within our current labeling that requires no additional regulatory clearances from the FDA."
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ZFOX | Hot Stocks09:05 EST Zerofox Holdings Inc trading resumes
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TSCO | Hot Stocks09:04 EST Tractor Supply increases quarterly dividend 7% to $1.10 per share - Tractor Supply announced that its board of directors declared a quarterly cash dividend of $1.10 per share of the company's common stock. This represents an increase of 7% versus the prior quarterly dividend rate of $1.03 per share. The dividend will be paid on March 12 to stockholders of record of the company's common stock as of the close of business on February 26.
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KTOS | Hot Stocks09:04 EST Kratos welcomes senator, U.S. representative to TDI manufacturing facility - Kratos Defense & Security Solutions recently welcomed U.S. Senator Gary Peters and U.S. Representative Lisa McClain to Technical Directions headquartered in Oxford, Michigan, to showcase Kratos' family of affordable turbine engines and turbogenerators. TDI has developed and refined turbine engine technologies for military applications in Michigan since 1983-providing unique features in support of low-cost, high-production, expendable turbojet engine applications, such as small cruise missiles and other Unmanned Aerial Vehicles. With the engineering, manufacturing, and system integration employees in the Oxford, Michigan facility, TDI's subject matter experts leverage Michigan's deep automotive expertise and apply it to the defense sector and have experience that encompasses all aspects of this turbine engine class, from clean-sheet design, through performance testing, vehicle integration, flight testing, and production manufacturing. By making its own internally funded investments that are not tied to any specific customer or budget process, TDI is able to rapidly develop and be first to market with its engines. Senator Peters, a member of the Senate Armed Services and Appropriations Committees, said, "Michigan defense manufacturers excel at producing innovative solutions to our most pressing national security challenges, and Kratos and the TDI team here in Oxford are a key partner in that success. It was great to see firsthand the important work they are doing to build the next-generation of defense technologies that protect our men and women in uniform, and to celebrate this new contract that will support Michigan-made products and jobs."
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CCL | Hot Stocks09:04 EST Carnival announces 2024 GHG intensity reduction projections - Carnival announced it is on pace to achieve an overall 18% reduction in greenhouse gas emission intensity on a lower berth capacity basis in 2024 (compared to 2019) - just a few points shy of its 20% reduction goal originally targeted for 2030. By year end, the company expects to have reduced its GHG emission intensity by an impressive 42% on a lower berth capacity basis since its first benchmark in 2008. The company also expects this performance to put it ahead of the International Maritime Organization's 2030 carbon intensity reduction timeline. This announcement follows the company's decision last year to accelerate its stated 2030 GHG intensity reduction goal by four years, committing to at least a 20% cut on a lower berth capacity basis by 2026 (versus 2019 levels). Thanks to the company's aggressive, longstanding, and ongoing actions to be more energy efficient, reduce overall fuel use, and operate using emission-reducing technologies and lower-emission fuels, Carnival Corporation is producing 10+% less total GHG emissions today than its peak historical year (2011), despite increasing capacity by roughly 30% since that time.
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GOVX | Hot Stocks09:04 EST GeoVax Labs reports interim data from Phase 2 trial of GEO-CM04S1 - GeoVax Labs announced positive initial safety and immune response findings from its Phase 2 clinical trial at one month following administration of its Covid-19 vaccine, GEO-CM04S1. The trial, evaluating GEO-CM04S1 as a heterologous booster in 63 healthy adults who had previously received the Pfizer or Moderna mRNA vaccine, was fully enrolled at the end of Sept 2023. The study is designed to evaluate the safety and immunogenicity of two GEO-CM04S1 dose levels. The trial remains blinded to dose of vaccine received, with study subjects being followed for a total of one year. To date, there have been no serious adverse events, and adverse events were in line with other routine vaccinations. The immunological responses measured throughout the study period include both neutralizing antibodies against SARS-CoV-2 variants and specific T-cell responses. "We are thrilled by these data and our investigational vaccine designed to protect against severe disease caused by emerging variants of Covid-19," said David Dodd, GeoVax Chairman and CEO. "These interim data reinforce our resolve to bring our expertise in the development of innovative vaccines to address critical public health needs using new approaches and technologies. We look forward to providing further updates regarding the successful progress of the clinical development of GEO-CM04S1."
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CLSK BTC | Hot Stocks09:03 EST CleanSpark acquires three Bitcoin mining facilities to reach 20 EH/s - CleanSpark has entered into definitive agreements to acquire three turnkey bitcoin mining facilities in Mississippi for a cash payment of $19.8M.The purchase is expected to close within 21 days, with the operating hashrate at the combined facilities expected to reach 2.4 EH/s shortly after closing. Concurrently, the company has entered into definitive agreements to acquire a third mining facility which is under construction in Dalton, GA, for an initial cash payment of $3.4M. The company expects to invest another $3.5M to complete the project, with a target operational date of April 2024. The facility is expected to operate at 0.8 EH/s. CleanSpark already operates approximately 0.8 EH/s of machines at its current campus in Dalton, comprised of two facilities. Additionally, the company is now expanding its existing Dalton campus with an extra 0.8 EH/s expected, for a total operating hashrate of 2.4 EH/s once all facilities in Dalton are running at full capacity. The two announced deals, combined with the imminent energization of the Sandersville expansion, provide CleanSpark the additional power it needs to exceed 20 EH/s during the first half of 2024, which is double the company's current operational hashrate of 10 EH/s. The cexpects to pay for the acquisitions with cash on hand.
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NVTA | Hot Stocks09:03 EST Invitae trading halted, news dissemination
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SBEV | Hot Stocks09:03 EST Splash Beverage secures major partnership with Sea World Parks & Entertainment - Splash Beverage announces a significant milestone in its growth journey with the addition of Sea World Parks & Entertainment to its growing list of large venue customers. Sea World Parks & Entertainment will now offer Splash Beverage Group's Pulpoloco Sangria in all of its parks across California, Florida, Pennsylvania, Virginia, and Texas. This opportunity supports Splash Beverage Group's position as a premier provider of high-quality beverages and underscores its commitment to expanding its footprint in key markets. Bill Meissner, President and CMO of Splash, added, "This collaboration not only represents a significant growth opportunity for Splash, but it also allows us to introduce our delicious Pulpoloco Sangria to millions of visitors across Sea World, Busch Gardens, Discovery Cove, and Sesame Place parks. This opportunity comes as a result of the hard work being done by the team to expand our distribution network and reach to important customers like Sea World."
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TGI | Hot Stocks09:02 EST Triumph Group unit awarded five-year contract with U.S. Army - Triumph Group announced that its Systems, Electronics and Controls business in West Hartford, Connecticut has been awarded a five-year contract with the United States Army to provide an upgrade of the EMC32T Hydraulic Metering Assembly fuel control on the T55 engines, supporting the CH-47 Chinook helicopter fleet. From 2024 through 2028, TRIUMPH will overhaul over 100 EMC32T HMAs per year to the latest configuration. This is the first contract to upgrade the fleet to the newest configuration as part of the U.S. Army's Component Improvement Program. TRIUMPH is uniquely positioned to provide this service as the original designer and manufacturer of the fuel control system.
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BKYI | Hot Stocks09:02 EST BIO-key announces COB has selected its PortalGuard - BIO-key International announced that the City of Bridgetown Co-operative Credit Union, COB, has selected BIO-key's PortalGuard platform with Identity-Bound Biometrics, IBB, to transform its secure login methodologies for staff access to critical systems and data. COB has multiple locations supporting more than 60,000 members in Barbados. "BIO-key's PortalGuard and IBB security solutions provide robust security and best-in-class support for shared workstations where other vendor solutions are limited and costly," said Mark Cochran, President of BIO-key's PortalGuard division. "Credit Unions and other financial institutions are embracing BIO-key's advanced biometric security measures because we can accommodate their unique authentication use cases with secure and cost-effective approaches that protect their systems and data. BIO-key is helping accelerate our customers' ability to execute strategic security initiatives and meet their digital transformation and compliance goals."
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GETY | Hot Stocks09:01 EST Getty Images named official photographer of 2024 Fall/Winter NYFW: The Shows - Getty Image has once again been named as the Official Photographer for the 2024 Fall/Winter Season of IMG's New York Fashion Week: The Shows. As the Official Photographer, Getty Images' award-winning entertainment photographers will be delivering high-quality content throughout New York Fashion Week in New York City, all to be distributed exclusively through gettyimages.com. This includes covering all shows at RXR's Starrett-Lehigh building and Fashion Alliance runway shows and presentations, as well as all off-site IMG FOCUS. produced shows, and the first-ever NYFW consumer venue at 21Greene, home to official NYFW programming and merchandise.
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AMIX | Hot Stocks08:52 EST Autonomix receives ethic committee authorization for study of pancreatic cancer - Autonomix Medical announced that it has received authorization from the Uzbekistan Ethics Committee to open the clinical trial site for its proof-of-concept human clinical study evaluating the use of transvascular ablation for the treatment of pancreatic cancer pain. The Company is on track to commence enrollment in the first quarter of 2024. "Our team remains focused on the successful execution of our clinical path forward for this potentially groundbreaking technology. We believe that our technology has the potential to address the significant unmet need for patients with severe, chronic debilitating pain from pancreatic cancer, contributing to an exceptionally difficult quality of life, that currently is not well-treated by pharmacologic approaches. This first-in-man study to treat pancreatic cancer pain will be the very first time that transvascular ablation to reduce the pain associated with this disease has been studied and it is a very important step in validating our clinical and regulatory plans for our technology. We are making solid progress with the study and expect to initiate enrollment imminently," commented Lori Bisson, Chief Executive Officer of Autonomix.
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AENT | Hot Stocks08:51 EST AMPED Distribution announces physical distribution of Usher's 'Coming Home' - Alliance Entertainment announced a dynamic start to 2024 for its Independent Music distribution arm, AMPED Distribution, with the launch of the physical release of the highly anticipated album "Coming Home" by pop and R&B sensation USHER on February 9, 2024. "Coming Home" is being released via mega, a music collective founded by L.A. Reid and USHER in partnership with gamma. The album was mainly recorded in Atlanta, GA with many of Atlanta's hottest producers including Sean Garrett, Lil John, The Avila Brothers, Mel & Mus, Tricky Stewart, Rico Love, The-Dream, Jermaine Dupri, and D Mile, among many others. This strategic release ensures availability in brick-and-mortar stores just in time for the Friday street-date, preceding the Super Bowl LVIII halftime show from the mega-star on February 11, 2024.
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FEMY | Hot Stocks08:50 EST Femasys appoints Spector as CCO - Femasys announced the appointment of Richard Spector to chief commercial officer, CCO, effective February 2024. Spector has 25 years of experience spanning a continuum of commercial stages at both public and private medical device and biopharmaceutical companies. Most recently, Spector was chief commercial officer at Qlibrium.
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CGTX | Hot Stocks08:50 EST Cognition Therapeutics identifies key proteins involved in Alzheimer's disease - Cognition Therapeutics announced that collaborators at the University of Edinburgh, Scotland published findings in the journal, Acta Neuropathologica, that provide new insight into the biology of Alzheimer's disease that is consistent with our understanding of the role the -2 receptor has in regulating Abeta oligomer binding. Using a combination of two high-resolution microscopy techniques: array tomography and Forster resonance energy transfer, Professor Tara Spires-Jones and colleagues at the UK Dementia Research Institute at University of Edinburgh's Centre for Discovery Brain Sciences analyzed protein-protein interactions in over 1 million individual synapses in brain samples from people who had died with Alzheimer's disease. Results detected TMEM97, a protein component of the -2 receptor complex, in close proximity to cellular prion protein on Alzheimer's brain synapses. In addition, results found that Abeta oligomers were proximate to both PrPc, which has been shown to bind Abeta oligomers in neuronal cultures, as well as to TMEM97. These findings support the hypothesis that these receptor proteins may form a complex on the synapse surface with Abeta oligomers binding to one or both proteins.
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LAES | Hot Stocks08:49 EST SEALSQ Corp. intends to establish OSAT Center in the U.S. - SEALSQ Corp announced its plan to establish an Open Semiconductors Assembly and Test Center in the United States. The US-based OSAT would provide testing services such as the wafer test and final test, in addition to assembly services such as QFN, BGA, WLCSP, and more. The initiative encompasses the development of Semiconductor Personalization Centers through Public-Private Partnerships. SEALSQ is currently in negotiation for three major projects in Europe, the Middle East, and the Far East to implement similar processes, run by experienced hardware designers to create the chip design using RISC-V technology. The chips will still be built locally at the SEALSQ centers, ensuring they meet the highest security standards and certifications from bodies such as Common Criteria and NIST. The US-based OSAT will focus on the SEALSQ semiconductors, post-quantum cryptography, and artificial intelligence, having the potential to herald a transformative era for semiconductor technology. This delves into the technical underpinnings and potential impacts of this integration, exploring how it paves the way for a new generation of semiconductors that are poised to redefine security, efficiency, and intelligence in digital systems.
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PAHC ZTS | Hot Stocks08:49 EST Phibro Animal Health says Glenn David joins as CFO - Phibro Animal Health (PAHC) announced that Glenn C. David has joined Phibro and will assume the role of Chief Financial Officer effective February 9 . Mr. Richard Johnson, who is currently serving as Phibro's interim Chief Financial Officer since September 29 will continue with Phibro for a period of time in an advisory capacity to ensure a smooth transition with his successor...Mr. David brings over 30 years of experience in commercial and financial leadership roles. Mr. David's most recent role was Executive Vice President and Group President, US Operations, Diagnostics, Biodevices and Insurance at Zoetis (ZTS)... Prior to that, he served as Executive Vice President and Group President, International Operations, Aquaculture, Biodevices and Insurance at Zoetis. Mr. David was the Chief Financial Officer at Zoetis from 2016-2021, where he maintained a well-capitalized and financially disciplined business, creating significant value for shareholders and earlier in his career, he served as Senior Vice President of Finance Operations for Zoetis during its Initial Public Offering in 2013. Before the Zoetis IPO, Mr. David served in various financial roles at Pfizer Inc., including Vice President of Global Finance for Pfizer Animal Health and Vice President of Finance for the U.S. Primary Care franchise.
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BCTX | Hot Stocks08:48 EST BriaCell announces the initiation of GMP manufacturing of Bria-Pros+ - BriaCell Therapeutics announces the initiation of Good Manufacturing Practice, GMP, manufacturing of its lead candidate for treating prostate cancer, Bria-Pros+. GMP manufacturing of Bria-Pros+ will provide clinical supplies for planned clinical trial use. "Building upon the compelling pre-clinical proof-of-concept data presented at the Society for the Immunotherapy of Cancer meeting in 2023, BriaCell's proprietary platform technology holds significant potential to benefit patients across a spectrum of cancers. We are enthusiastic about commencing GMP manufacturing for our prostate cancer clinical candidate, continuing our efforts at transforming targeted cancer therapy via the introduction of potent personalized cellular cancer vaccines," stated Dr. William Williams, BriaCell's President and CEO. "The successful development of this first candidate showcases our capacity to create novel cancer immunotherapies and advance them towards clinical application. We eagerly anticipate completing Investigational New Drug (IND)-enabling studies during 2024 with Bria-Pros+."
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ZFOX | Hot Stocks08:47 EST ZeroFox to be acquired by Haveli for $1.14 per share in cash - ZeroFox Holdings entered into a definitive agreement to be acquired by Haveli Investments, a technology-focused private equity firm, in an all-cash transaction with an enterprise value of approximately $350 million. Under the terms of the merger agreement, ZeroFox stockholders will receive $1.14 per share in cash upon completion of the transaction. The per share purchase price represents a premium of 45% over the volume weighted average price for the 90-day period ending February 2, 2024. The transaction, which was unanimously approved and recommended by a Special Committee comprised of independent members of ZeroFox's Board of Directors and unanimously approved by ZeroFox's Board of Directors, is expected to close in the first half of 2024, subject to customary closing conditions, including approval by ZeroFox stockholders and the receipt of required regulatory approvals. The transaction is not subject to a financing condition. Upon completion of the transaction, ZeroFox's common stock will no longer be publicly listed on the Nasdaq Global Market, and ZeroFox will become a privately held company.
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XPON | Hot Stocks08:47 EST Expion360 issues letter to its stockholders - Expion360 issued a letter to its stockholders from Brian Schaffner, Chief Executive Officer. "2023 was a year of diversification and expansion for Expion360, underscored by exciting new products, market categories and technology innovation... We continued to build upon our growing customer base by attracting new customers with the introduction of new products, expanding our reach into high-growth industry verticals... We entered new markets in 2023 with the introduction of new battery solutions for LEV and new home energy systems. Our exclusive e360 SmartTalk battery was our first foray into both the smart battery market and LEV market, a 48 Volt GC2 LiFePO4 battery engineered for LEVs, combining intelligent wireless mobile management capabilities and outstanding capacity with superior construction and durability... New partnerships, agreements with OEM strategic suppliers, and expanded sales and distribution partnerships further broadened our market opportunities in new and existing verticals last year. During 2023, we became a strategic supplier of high-energy lithium-ion batteries and power system components for Cube Series' new ultra-lightweight, hard-sided foldable camper, designed for light duty trucks. In addition, Chinook RV, a top name in the RV industry and a recognized leader in quality and innovation, chose us as a strategic supplier of lithium-ion batteries for its off-grid power systems... Throughout the year, we garnered interest in our LiFePO4 battery lineup at some of the largest conferences and events in North America, introducing thousands of attendees to the benefits of our products and accessories... We made operational improvements to support our continued growth, including the expansion of our sales team with the hiring of two additional sales representatives, including a dedicated sales representative for the new LEV vertical... As we look ahead, we believe we are well-positioned for another exceptional year. Although we anticipate the current lower rate of sales in the broader RV market to continue in the short term, we expect to continue capturing market share in this segment. While we expect to report a year-over-year mid-teens percentage decline in 2023 revenue, our goal is to recapture growth through multiple initiatives and new products as the RV segment recovers. "
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PCSA | Hot Stocks08:45 EST Processa Pharmaceuticals regains compliance with Nasdaq minimum bid price rule - Processa Pharmaceuticals has received notice from The Nasdaq Stock Market informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Market and that the matter is now closed. To regain compliance with the Rule, the Company's ordinary shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved on February 2, 2024.
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RNXT | Hot Stocks08:45 EST RenovoRx sees 2nd interim analysis on Phase III TIGeR-PaC by 2024-end - RenovoRx provided a letter to shareholders from Chief Executive Officer, Shaun Bagai. " ... We are proud to have achieved several key milestones described below, including, importantly, an initial positive interim analysis on our pivotal Phase III TIGeR-PaC clinical trial in locally advanced pancreatic cancer or LAPC. Among our significant milestones achieved, our recent completion of a $6.1M private placement has extended our cash runway, allowing us to drive towards our key goal of a second interim analysis for our TIGeR-PaC study, which is expected by late 2024. ..As a result of the positive progress that we have made in advancing TAMP with our TIGeR-PaC study, we made important additions to our management team, Board of Directors, and Scientific Advisory Board, bolstering our strong leadership. These additions enhance our already deep expertise resident at RenovoRx. ...As we make strong progress on our clinical pathway, it is critically important that we continue to invest in our intellectual property. In December 2023, we filed an additional international patent application under the Patent Cooperation Treaty for our novel TAMP therapy platform. RenovoRx already holds a strong intellectual property portfolio with nine patents issued and nine pending patents for our proprietary TAMP platform and delivery system in the US, EU, and Asia."
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SGBX | Hot Stocks08:45 EST Safe & Green entered into a design build contract with Hostel Cubed - Safe & Green Holdings announced that Safe and Green Holdings has entered into a design-build contract with Hostel Cubed, founded by Jeff Manno and Doug Higgins, to produce their first modular camping cube for the California Coast, the "Coastal Camping Cube." The Company also provided an update that the recently announced $11.3 million purchase order for supplying modular units to a longstanding private infrastructure client is currently on hold. T
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GHI | Hot Stocks08:44 EST Greystone Housing Impact issues 500,000 Series B Preferred Units - Greystone Housing Impact Investors announced that on February 2, 2024 the Partnership executed a Subscription Agreement to issue 500,000 Series B Preferred Units representing limited partnership interests in the Partnership Series B Preferred Units to an institutional investor, resulting in $5,000,000 in new aggregate proceeds to the Partnership. The stated value of the newly issued Series B Preferred Units is $5,000,000. The Series B Preferred Units were issued in accordance with the Partnership's existing "shelf" registration statement on Form S-3 for the issuance of up to 10,000,000 of Series B Preferred Units. The Series B Preferred Units are non-cumulative, non-convertible, and non-voting units of limited partnership interests in the Partnership for which the holder has an option to have the units redeemed on the sixth anniversary of the acquisition date and each subsequent anniversary thereafter. The earliest potential redemption date for the newly issued Series B Preferred Units is February 2030, with certain exceptions.
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BTDR | Hot Stocks08:43 EST Bitdeer announces January 2024 operations update - Bitdeer Technologies Group announced its unaudited mining and operations updates for January 2024. Linghui Kong, Chief Executive Officer of Bitdeer, commented, "During January, we made important progress towards building for the future while delivering solid results in our core business. We mined 330 Bitcoins in total in January, an increase of 123.0% from the same period last year. At the same time, our month-over-month production declined as a result of lower average transaction fees and the curtailments at our Gedu datacenter in Bhutan due to seasonally higher electricity costs, which may continue through the remainder of the first quarter. We are actively exploring strategies to minimize future curtailments and we have already secured fixed-price, carbon-free electricity for the Gedu datacenter from April through the end of the year. In January, we continued our efforts to further diversify and expand our infrastructure. We expect to start land preparation for construction of our 221MW datacenter in Ohio, United States in February. This site will serve as a key component of our ongoing expansion initiatives, and is expected to be completed in 2025. We also continued to advance the construction of our 175MW immersion cooling datacenter at our Tydal mining facility in Norway, which is set to be completed by mid-2025."
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AGNMF | Hot Stocks08:43 EST Agronomics' Bond Pet Foods delivers animal protein to Hill's - Agronomics announced that its portfolio company Bond Pet Foods has delivered two metric tons of animal protein to one of the most popular pet food providers in the US, Hill's Pet Nutrition. This represents a major milestone toward Bond commercialising its fermentation technology for pet food applications. The scale of the delivery will allow Hill's to formulate a variety of test products at its Pet Nutrition Center in Topeka, Kansas, for regulatory review and evaluation. That data will be used for the ingredient's eventual review by the U.S. Food and Drug Administration's Center for Veterinary Medicine, as well as to prepare prototypes for market evaluation. The commercial agreement reinforces a strong partnership between Bond and Hill's after the companies first announced a joint venture in 2021 to develop a source of more sustainable animal protein to fulfil the dietary needs of dogs and cats. In the U.S. alone, 74 million dogs and 56 million cats in households currently consume significant amounts of animal-based protein. As a result, a 2017 study published in the scientific journal PLUS One found that pets alone account for 30% of the carbon dioxide emissions associated with domestic meat consumption. Agronomics holds 531,692 Series A Preferred Shares, representing an equity ownership of 1.85% in Bond.
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CLH | Hot Stocks08:43 EST Clean Harbors to acquire Hepaco for $400M in cash - Clean Harbors announced it has entered into a definitive agreement with Gryphon Investors to acquire Hepaco, a provider of specialized environmental and emergency response services in the Eastern United States, for $400M in cash. The acquisition is expected to close in the first half of 2024, subject to regulatory approval and other customary closing conditions. Headquartered in Charlotte, North Carolina, Hepaco has more than 2,000 customers, which it services through more than 40 regional locations in 17 states. Its primary offerings include field services, environmental remediation and emergency response services. On an adjusted basis, Hepaco is expected to generate full-year 2023 EBITDA of approximately $36M on $270M of revenues. Clean Harbors expects the acquisition to generate cost synergies of approximately $20M after the first full year of operations, which equates to a post-synergy acquisition multiple of 7.1 times. Clean Harbors expects to fund the acquisition through available cash and the issuance of some additional debt financing.
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BLIN | Hot Stocks08:42 EST Bridgeline Digital announces new partnership with national insurance provider - Bridgeline Digital announced a new partnership with a national insurance provider to implement Bridgeline's HawkSearch on its customer resources portal and app. HawkSearch will support the company's growth strategy by integrating its AI-powered search to allow clients to navigate thousands of pages within its customer service portal and claim management app. The Insurance Company has over $4 billion in assets, some of the highest ratings in the nation, and serves tens of thousands of customers through its customer resources online. Ari Kahn, CEO of Bridgeline Digital, comments on the collaboration: "Our work with this insurance provider demonstrates our commitment to delivering advanced search solutions that meet the specific needs of our clients. By integrating HawkSearch, we will improve the user experience for the company's diverse client base."
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TENX | Hot Stocks08:42 EST Tenax announces USPTO grants notice of allowance for patent application - Tenax Therapeutics announced that the United States Patent and Trademark Office, USPTO, has allowed its patent application with claims covering the use of TNX-103, TNX-102, TNX-101, the active metabolites of levosimendan and various combinations of cardiovascular drugs with levosimendan when used to improve exercise performance in PH-HFpEF patients and, titled: "LEVOSIMENDAN FOR TREATING PULMONARY HYPERTENSION WITH HEART FAILURE WITH PRESERVED EJECTION FRACTION." This new patent, once granted, will provide significant added IP protection through December 2040. The Notice of Allowance indicates that the USPTO plans to grant Tenax expanded IP rights to the use of oral, subcutaneous, and intravenous administration of levosimendan, as well as its active metabolites for the treatment of PH-HFpEF, at all therapeutic doses.
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LQR | Hot Stocks08:41 EST LQR House reports 214% y/y revenue growth in January - LQR House announces a 214% Year-Over-Year increase in revenue for January 2024 when compared to the same period in 2023. In January 2023, the company reported revenues of $48,748.00, while in January 2024, the figures surged to an impressive $153,275.14. Traditionally, January poses challenges for the alcohol industry, marked by post-holiday recovery, New Year health resolutions, and the trend of participating in Dry January. Recognizing this industry pattern, LQR House strategically added new non-alcoholic beverage category and expanding its low-volume alcohol beverage category in November-December. The Company believes that this proactive approach allowed LQR House to navigate the traditionally slower month while meeting the diverse needs of consumers.
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BSGM | Hot Stocks08:40 EST BioSig Technologies' PURE EP platform surpasses 100 patient cases - BioSig Technologies announced that physicians have completed over 100 cases with the Near Field Tracking algorithm, an innovative and proprietary feature recently launched on the Company's PURE EP Platform. "BioSig's PURE EP Platform and its new algorithms are pioneering the way in the automatic interpretation of cardiac cellular reaction to catheter energy delivered," commented Hicham El Masry, MD, FHRS, Cardiac Electrophysiologist at Mayo Clinic Arizona. "NFT is a unique algorithm for assessing lesion efficiency and increases my procedural efficiency and confidence when it comes to distinguishing between healthy and scar or ablated tissue. This revolutionary feature has become a critical tool during all my complex cases."
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DYAI | Hot Stocks08:40 EST Dyadic International announces research, development collab agreement - Dyadic International announced it has signed a fully funded evaluation agreement including commercial option with an undisclosed leading global biopharmaceutical company to design and produce recombinant proteins using Dyadic's C1 filamentous fungal based microbial protein production platform. Under the agreement, research and development activities will be funded by the collaborator. "Dyadic's C1 protein expression platform is gaining increased traction in research and development targeting infectious and other diseases," said CEO Mark Emalfarb, "We are glad to see the progress of our C1-cell protein production platform for human and animal biopharmaceuticals and we believe the recent positive Phase I first in human data for a recombinant vaccine produced using C1 will spark further interest in the adoption of Dyadic's C1 technology."
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ZFOX | Hot Stocks08:40 EST Zerofox Holdings Inc trading halted, news pending
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RMCO | Hot Stocks08:39 EST Royalty Management completes strategic acquisition of perpetual royalty stream - Royalty Management Holding has acquired a perpetual royalty stream linked to a deposit of high value, diversified natural resources, based in the country of Jamaica, with an initial focus on the permitting, production, and sale of Titanium Dioxide, Iron Ore and Vanadium. The Jamaican-based resource deposit is part of a Special Exclusive Prospecting License that covers an area of approximately 25 permitted square kilometers. The Company is working with the current SEPL permit holder to begin the permitting for resource extraction and sale, which will translate into revenue to RMCO through its royalty structure. Furthermore, RMCO will immediately begin further ore testing to identify the potential presence of other high value elements such as niobium, rare earth elements and or other battery elements. "We are excited to enter into this investment to further develop this diversified resource-based and establish a long-term royalty stream. Our team and consultants have been evaluating and working on this opportunity for over a year and believe that the total resource deposit, alongside the types of resources present in the SEPL, is highly aligned with our overall strategy and outlook for certain minerals." stated Thomas Sauve, CEO of RMCO. Mr. Sauve continued, "We look forward to continuing working with the team on the ground to develop this project and position it for long term, responsible resource extraction, revenue generation and profitability. Additionally, we will be testing and analyzing the resource base for additional elements and compounds that could further scale the project or provide additional revenue sources. The analysis program conducted thus far showcases the potential for a world class asset in an area of the world that has historically demonstrated the ability to extensively mine, harvest and monetize its resources. The plan the team has presented provides the project an attractive opportunity to work with the local community, improve the environment and create well-paying jobs."
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AAGR | Hot Stocks08:39 EST African Agriculture appoints Rhodes as CEO - African Agriculture announced the hiring of Michael Rhodes as the company's Chief Executive Officer. Rhodes brings decades of operating experience in large-scale agriculture across Africa, including hands-on management of over 16,000 hectares of productive farmland across more than eight East and West African nations. Rhodes succeeds Alan Kessler as Chief Executive Officer, who successfully grew and transitioned African Agriculture from a private company through its NASDAQ listing. Kessler will continue in his role as Chairman of the African Agriculture board and continue in the operational role of Chief Strategy Officer.
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VERB | Hot Stocks08:38 EST Verb Technology's MARKET.live announces addition of 10 more retails brands - Verb Technology Company continues its commitment to providing a diverse range of products on its MARKET.live platform with the addition of ten innovative brands. This strategic expansion reinforces MARKET.live's commitment to providing a vibrant and dynamic shopping experience for its growing community. Brands, retailers, and creators utilizing MARKET.live gain the unique advantage of broadcasting livestream shopping events across various social media channels, including TikTok. This approach significantly broadens access to potential shoppers, engaging them seamlessly across different platforms.
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SYTA | Hot Stocks08:38 EST Siyata Mobile expands alliance with Hyperion Partners - Siyata Mobil has expanded its alliance with Hyperion Partners to include distribution of the Company's mission critical PoC SD7 handsets and accessories.
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ENSC | Hot Stocks08:37 EST Ensysce Biosciences selected to present at AAPM Meeting - Ensysce Biosciences have been selected to present one of the top 12 best Flash Talks in the Trailblazer Session at the 2024 American Association of Pain Medicine Meeting on March 9th. Dr. William Schmidt, Chief Medical Officer of Ensysce, will present "Preventing Prescription Drug Overdoses: Clinical development of Trypsin-Activated Abuse Deterrent Opioids with Overdose Protection".The flash talk designation is awarded to a small number of programs that convey novel information with great potential and are of interest to pain specialists. Ensysce's novel PF614-MPAR is designed to provide optimal pain relief at prescribed doses yet limit accidental or intentional overdose by 'shutting down' opioid release if too much active drug is consumed. PF614-MPAR could herald a new class of treatment for the most severe forms of pain and could save lives if approved, as each capsule contains built-in protection against both abuse and overdose which plague traditional opioids. In late January, the Company's PF614-MPAR was granted Breakthrough Therapy designation by the FDA, recognizing its innovative approach to preventing prescription opioid overdoses. Dr. Lynn Kirkpatrick, PhD, Chief Executive Officer of Ensysce Biosciences, commented, "We are delighted to be recognized by AAPM, an organization which we hold in very high regard. We believe PF614-MPAR is a true game-changer but it's always encouraging to learn that leading external experts share our enthusiasm. Following our constructive End of Phase 2 meeting with the FDA informing the strategic design of the upcoming Phase 3 studies, and recent Breakthrough Therapy Designation of PF614-MPAR, we are encouraged by the AAPM's interest as we accelerate the development of the 'Next Generation' opioid to treat severe pain layered with overdose protective properties."
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CHKP | Hot Stocks08:36 EST Check Point: CEO search could take 6 months-2 years
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COST KR | Hot Stocks08:36 EST Costco announces CFO Galanti to step down, Millerchip new CFO - Costco Wholesale (COST) announced that Richard Galanti has confirmed his intention to step down as Chief Financial Officer, CFO, effective March 15, 2024. The Board of Directors has named Gary Millerchip as Executive Vice President and Chief Financial Officer, effective March 15, 2024. Gary brings extensive retail and finance experience to Costco, serving as Senior Vice President and Chief Financial Officer at The Kroger (KR) since April 2019.
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SP | Hot Stocks08:35 EST SP Plus implements parking management innovations at Miami Valley Hospital - SP+ Corporation is now operating and managing five parking facilities with its Sphere technology platform at Miami Valley Hospital, in Dayton, Ohio. The implementation of Sphere Commerce Digital Ticket technology for Miami Valley Hospital features gated entry and exits, along with a completely digital experience - including QR code capability, and a digital ticket, eliminating the need for paper tickets. In addition, Sphere License Plate Recognition makes access to the hospital as simple as driving-in. Additionally, if individuals are planning to be at the hospital for multiple days, an added convenience is the ability to make a parking reservation in advance to save time.
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CHKP | Hot Stocks08:35 EST Check Point CEO 'wants to be super involved in future' of company - Comments taken from Q4 earnings conference call.
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VERU | Hot Stocks08:34 EST Veru announces FDA clearance of IND application for Phase 2b with enobosarm - Veru announced that the U.S. Food and Drug Administration, FDA, has cleared the company's Investigational New Drug, IND, application for its Phase 2b clinical study to evaluate enobosarm, an oral novel selective androgen receptor modulator, SARM, to preserve muscle mass and physical function and further increase fat loss in patients receiving a Glucagon-like peptide-1 receptor agonist drug for potentially higher quality weight loss. The Phase 2b, multicenter, double-blind, placebo-controlled, randomized, dose-finding clinical trial is designed to evaluate the safety and efficacy of enobosarm 3mg, enobosarm 6mg, or placebo as a treatment to augment fat loss and to prevent muscle loss in 90 sarcopenic obese or overweight elderly patients receiving a GLP-1 RA who are at-risk for developing muscle atrophy and muscle weakness. The primary endpoint is lean body mass, and the key secondary endpoint is total body fat mass at 16 weeks. The clinical study is expected to begin by April 2024 with the topline clinical results from the trial expected in the end of the fourth calendar quarter of 2024.
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INZY | Hot Stocks08:34 EST Inozyme reports inducement grants under Nasdaq listing rule - Inozyme Pharma announced that it granted stock options to four new employees to purchase shares of the Company's common stock, pursuant to the Company's 2023 Inducement Stock Incentive Plan, as inducement material to the new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The Company's compensation committee granted nonstatutory stock options to purchase up to an aggregate of 157,000 shares of the Company's common stock to the new employees on February 1, 2024, at an exercise price of $5.64 per share, the closing price per share of the Company's common stock as reported by Nasdaq on February 1, 2024. The options have a 10-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the employee's start date and 2.0833% of the shares underlying the option vesting monthly thereafter, subject to such employee's continued service to the Company through the applicable vesting dates.
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ADEA | Hot Stocks08:33 EST Adeia demonstrates hybrid bonding technology during Chiplet Summit - Adeia announced that it is showcasing its hybrid bonding technology at the Chiplet Summit on February 6 through 8, 2024, at the Santa Clara Convention Center.
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BMRN | Hot Stocks08:33 EST BioMarin to present positive data on Roctavian durability at EAHAD Congress - BioMarin Pharmaceutical announced that new data on Roctavian will be presented at the 2024 European Association for Haemophilia and Allied Disorders - EAHAD - Congress, Feb. 6-9. Results from a Phase 2, open-label study of Roctavian showed that median factor VIII activity at year seven remained in the mild hemophilia range, and mean annualized bleeding rate for treated bleeds over the full follow-up period decreased by 96% from baseline for adults with severe hemophilia A in the 6x1013 vg/kg dose cohort. The majority of participants maintained hemostasis. No new safety signals emerged. The European Commission granted conditional marketing authorization to Roctavian on August 24, 2022. The FDA approved Roctavian on June 29, 2023.
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SLS | Hot Stocks08:32 EST Sellas Life Sciences announces publication of preclinical data on SLS009 - SELLAS Life Sciences Group announced a publication in Oncotarget revealing the underlying mechanisms of action behind the anti-proliferative effects of SLS009, its potent, highly selective CDK9 small molecule inhibitor, in various hematologic malignancies. The publication is entitled, "The pharmacodynamic and mechanistic foundation for the antineoplastic effects of GFH009, a potent and highly selective CDK9 inhibitor for the treatment of hematologic malignancies". The research provides a robust pharmacodynamic and mechanistic foundation for the antiproliferative effects of SLS009 in hematologic cancers. SLS009 has exhibited significant anti-tumor activity in various human hematological malignancies in early-stage clinical trials and has demonstrated its potential in tumor growth inhibition with a dose-dependent induction of apoptosis. The research shows that through rapid CKD9 inhibition, SLS009 depletes the protective anti-apoptotic proteins produced downstream of CKD9. The Company believes that this induced cancerous cell apoptosis is a key mechanism behind SLS009's robust anti-cancer activity. "The study establishes CKD9 as a targetable vulnerability in various human hematological malignancies highlighting the potential for SLS009 superior kinome selectivity compared to other inhibitors," said Dragan Cicic, MD, Senior Vice President, Chief Development Officer, of SELLAS. "These findings provide a strong rationale for ongoing clinical trials and underscore SLS009's potential as a highly selective and effective treatment for hematological malignancies. We are encouraged by the ongoing clinical progress of SLS009 and excited to see how the preclinical data seamlessly translates into clinical settings. We look forward to reporting topline data from our Phase 2a clinical trial of SLS009 in relapsed and/or refractory acute myeloid leukemia patients this quarter and next, and topline data from the Phase 1b/2 study of SLS009 in peripheral t-cell lymphomas by the end of the second quarter."
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CME | Hot Stocks08:31 EST CME Group to launch U.S. Corporate Bond Index Futures in summer 2024 - CME Group announced that its interest rate complex will expand in summer 2024 with the launch of U.S. Corporate Bond Index futures, pending regulatory review. The new futures contracts will be based on the Bloomberg U.S. Corporate Index, which measures the performance of investment grade corporate bonds, and the Bloomberg U.S. High Yield Very Liquid Index, which is designed to measure a liquid, diversified component of the high yield corporate bond market.
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CLSH | Hot Stocks08:31 EST CLS Holdings' City Trees reports record-breaking sales month - The company said, "In the bustling heart of the production facility at City Trees, they recently celebrated an extraordinary milestone as they achieved their most successful sales month to date. This accomplishment is especially noteworthy considering the persistent challenges that the cannabis industry faces. Navigating through regulatory complexities, shifting public perceptions, and market fluctuations, the team at City Trees has displayed resilience, creativity and dedication, solidifying their position as a trailblazer in the cannabis market. City Trees commitment to quality and innovation has propelled them to the forefront of the industry, making City Trees the number one vape and concentrate brand in Nevada, according to BDSA Analytics. As they continue to set sales and production records, they remain the standard of excellence in cannabis production, providing consumers with a diverse range of premium cannabis products that continue to redefine industry standards. The recent achievement of their most successful sales month underscores the brand's strength and solidifies their position as the industry leader, poised for continued growth in the dynamic world of cannabis. January '24 witnessed a notable reduction in overall inventory, decreasing to $1.5 million from $2.89 million in January '23. This inventory decrease evidences an enhanced operational efficiency and a capacity to maintain a lean structure without compromising robust sales outcomes. The brand's remarkable success is further underscored by its strategic expansion into New Mexico. This pivotal move has not only broadened its geographical reach but has also significantly supported its overall achievements. The recent milestone includes the successful production and dispatch of the brand's inaugural 10,000 units in New Mexico-a testament to the great planning and execution of its expansion strategy."
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STIM | Hot Stocks08:29 EST Neuronetics TMS patient access expands through Lucet Health policy update - Neuronetics announced criteria changes by Lucet Health that increase access for patients with depression to receive transcranial magnetic stimulation, TMS, such as NeuroStar Advanced Therapy. The policy update reduces the number of antidepressant medication attempts from four down to two prior to TMS eligibility. "I am pleased to witness the collective efforts leading to improved access to mental health coverage," stated Keith Sullivan, President and CEO of Neuronetics, Inc. "We commend Lucet Health for recognizing the importance of ensuring that individuals can access proven treatments like NeuroStar earlier in their path towards wellness." Lucet Health is a behavioral health organization that works with large insurance carriers across the country. Its policies impact approximately 9 million covered lives. The updated TMS criteria are effective as of February 1, 2024.
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SPGC | Hot Stocks08:29 EST Sacks Parente Golf's Newton Shafts expands into Club Champion stores - Sacks Parente Golf announces the mid-February availability of golf shafts from its Newton Shafts division -- starting with the Newton Motion driver shaft -- in all 126 Club Champion stores nationwide. "We are thrilled to announce that our first Newton Shafts offering, the Newton Motion premium shafts, will soon be available at all Club Champion stores nationwide," said Greg Campbell, Executive Chairman, Sacks Parente Golf. "The Newton Shaft provides unprecedented performance for all levels of golfers from the pro to the weekend warrior. We are confident that Club Champion customers will be thrilled with these shafts and are looking forward to our continued relationship with this retailer."
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APLD | Hot Stocks08:28 EST Applied Digital secures additional financing - Applied Digital announced that effective January 30, 2024, the Company obtained an unsecured loan with a maximum principal amount of $20 million. The Company intends to use the loan, which has a two-year term and 12.5% interest rate, to provide additional liquidity to fund the buildout of its HPC data centers. Additionally, the Company has secured $16 million in site-level financing for its Jamestown HPC facility, which is expected to close in the coming weeks.
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ALGM | Hot Stocks08:28 EST Allegro MicroSystems introduces high-bandwidth current sensor technologies - Allegro MicroSystems announced the launch of its new high-bandwidth current sensors, the ACS37030 and the ACS37032, which enable high-performance power conversion with GaN and SiC technologies in electrified vehicles, clean energy solutions and data center applications. Current high-power-density GaN and SiC FET charging and power infrastructures demand high-speed, low-loss devices to ensure efficiency and reliability. Existing current-sensing solutions have limited operating ranges, as well as added size and weight that result in designs with additional components and larger bills of materials. To address these challenges, Allegro has introduced two high-bandwidth current sensors - the ACS37030 and ACS37032 - designed to provide efficiency and high-performance with reduced design time and board space. They employ a dual signal paths approach, with one path capturing low-frequency and DC current using Hall-effect elements and the other path capturing high-frequency current data through an inductive coil.
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BRTX | Hot Stocks08:27 EST BioRestorative announces exercise of warrants, issuance of new warrants - BioRestorative Therapies has entered into agreements with certain holders of its existing warrants exercisable for 3,351,580 shares of its common stock, in the aggregate, to exercise their warrants at a reduced exercise price of $2.33 per share, in exchange for new warrants as described below. The aggregate gross proceeds from the exercise of the existing warrants and the payment of the new warrants, as described below, is expected to total approximately $8.1 million, before deducting financial advisory fees. The reduction of the exercise price of the existing warrants and the issuance of the new warrants was structured as an at-market transaction under Nasdaq rules. Roth Capital Partners is acting as the Company's financial advisor for this transaction. In consideration for the immediate exercise of the warrants for cash and the payment of $0.125 per share underlying the new warrants, the exercising holders will receive new warrants to purchase shares of common stock in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The new warrants will be exercisable into an aggregate of up to 2,513,685 shares of common stock, at an exercise price of $2.43 per share and have a term of exercise equal to five years. The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended, or applicable under state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. As part of the transaction, the Company has agreed to file a resale registration statement on Form S-3 with the Securities and Exchange Commission within 10 days of the closing to register the resale of the shares of common stock underlying the new warrants issued in the private placement.
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BLNK | Hot Stocks08:27 EST Blink Charging, Allegiant Stadium team to provide on-site EV charging - Blink Charging announced it has been named as the official EV charging provider for Allegiant Stadium, home of the Las Vegas Raiders, providing much-needed reliable EV charging solutions for drivers. As demand and popularity for electric vehicles surge, the installation of Blink's chargers across Allegiant Stadium stands poised to empower both fans and employees, offering them the convenience of charging their EVs. These chargers, operational 24/7, will provide EV owners with the flexibility to utilize Allegiant Stadium's charging facilities at any time. "Allegiant Stadium and the Las Vegas Raiders are at the forefront of sustainability, and we're proud to be chosen as the official charging provider for the stadium," said Mike Battaglia, Chief Operations Officer at Blink Charging. "Through this collaboration, Blink's leading EV infrastructure will now be relied upon by those attending some of the biggest sporting and entertainment events in the world, advancing the shift to electrification."
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DIS | Hot Stocks08:26 EST Blackwells urges Disney shareholders to vote for its director nominees - Blackwells Capital, a shareholder of The Walt Disney Company, filed its definitive proxy statement with the Securities and Exchange Commissio in connection with its nomination of Jessica Schell, Craig Hatkoff and Leah Solivan for election to the board of directors of Disney at the Company's 2024 annual meeting of shareholders. The firm also released a letter, which read in part, "The purpose of our campaign is simple: we want to ensure that Disney has the right collection of minds around the boardroom table, working constructively together to make decisions that will benefit ALL shareholders for decades to come. Disney has one of the most attractive portfolios of beloved brands and businesses, that have delighted generations of people around the world. However, Disney has not delivered for its shareholders over the last few years. In our letter, and throughout the course of our campaign, we will offer fellow shareholders perspective on why Disney's share price has underperformed and, more importantly, what the future of Disney means for investors, and why our nominees are best suited to help deliver that future. If elected, our three nominees for the Board have pledged to continue to support Disney's transformation efforts under the leadership of the current Board and CEO, Robert A. Iger. In addition to an approach of constructive collaboration, our three nominees will bring unique skills, expertise and perspectives to the Board that draw on a range of experiences that the future of Disney depends on: 1)Media and Content, 2)Real Estate and Strategic Asset Review, 3)Disney's Physical, Spatial Computing, and AI-Driven Experiences...Shareholders are faced with three competing candidate slates at the 2024 Annual Meeting: Disney's, Blackwells' and Trian's. We urge our fellow shareholders to be on high alert with respect to Trian's campaign and its two nominees, Nelson Peltz and Jay Rasulo. Mr. Peltz has requested a seat on Disney's Board no less than 24 times in the last year and half. During that time, Mr. Peltz has not offered a single strategic idea that would benefit shareholders. Mr. Rasulo also lacks the relevant skills and expertise that we firmly believe Disney could use additional support with. Begging for Board seats is not a strategy that will make any money for shareholders. We strongly urge our fellow shareholders to vote "WITHHOLD" on the Trian nominees. Your vote will ensure Blackwells' three nominees are elected to serve the shareholders equally and with needed expertise that the Disney Board needs, working collaboratively with their fellow Board members and never defensively prioritizing one shareholder over all the others."
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AVEO | Hot Stocks08:25 EST Aveo Pharmaceuticals announces publication of data from Phase 3 TIVO-trial - AVEO Oncology announced The Oncologist has published a post-hoc analysis of long-term progression free survival, overall survival and safety data from the Phase 3 TIVO-3 trial evaluating FOTIVDA in patients with relapsed or refractory, R/R, advanced renal cell carcinoma, RCC. In the publication, FOTIVDA demonstrated a consistent safety profile and a long-term survival benefit in patients who were alive and progression-free at 12 months, suggesting a durable clinical benefit and safety across age groups regardless of prior treatment. TIVO-3 compared the efficacy and safety of the vascular endothelial growth factor receptor tyrosine kinase inhibitors FOTIVDA and sorafenib in patients with R/R advanced RCC whose disease progressed with two or three prior systemic therapies. The trial included a predefined subgroup of patients who were previously treated with both an immuno-oncology therapy and a VEGFR TKI. The post hoc analysis showed investigator-assessed landmark long-term progression-free survival rates were higher with FOTIVDA compared to sorafenib. After 22.8 months mean follow-up, the overall survival hazard ratio for FOTIVDA was 0.89; when conditioned on a clinically meaningful 12-month PFS time point, FOTIVDA showed significant improvement in OS compared to sorafenib. Mean time on treatment was 11.0 months with FOTIVDA and 6.3 months with sorafenib. There were fewer treatment-related adverse events and lower dose modification rates with FOTIVDA than with sorafenib as well as fewer grade greater than or equal to3 TRAEs on FOTIVDA than sorafenib. Dose modification rates were lower with FOTIVDA than with sorafenib across age and prior IO subgroups; and prior IO therapy did not impact dose reductions or discontinuations in either arm.
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META | Hot Stocks08:24 EST Meta plans to identify more AI-generated images ahead of upcoming elections - Meta announced: "We're working with industry partners on common technical standards for identifying AI content, including video and audio. In the coming months, we will label images that users post to Facebook, Instagram and Threads when we can detect industry standard indicators that they are AI-generated. We've labeled photorealistic images created using Meta AI since it launched so that people know they are 'Imagined with AI.'" Nick Clegg, Meta's president of global affairs, said "We're taking this approach through the next year, during which a number of important elections are taking place around the world. During this time, we expect to learn much more about how people are creating and sharing AI content, what sort of transparency people find most valuable, and how these technologies evolve. What we learn will inform industry best practices and our own approach going forward." Reference Link
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APRE | Hot Stocks08:23 EST Aprea Therapeutics announces IND application for APR-1051 - Aprea Therapeutics announced that it has submitted an Investigational New Drug, IND, application to the U.S. Food & Drug Administration, FDA, to initiate clinical trials of APR-1051. APR-1051 is an oral inhibitor of WEE1 kinase, which plays important role in cell cycle regulation and DNA damage repair. Based on preclinical studies, we believe APR-1051 is potentially differentiated from other WEE1 inhibitors in its: molecular structure; selectivity for WEE1 versus off-target inhibition of the polo-like kinase, or PLK, family of kinases; and potentially superior pharmacokinetic properties. Aprea has conducted extensive pre-clinical studies with APR-1051, which have demonstrated that the molecule may have highly potent anti-tumor activity, with a potentially favorable pharmacokinetic profile. "Submission of an IND represents an important milestone for our APR-1051 development program," said Dr. Oren Gilad, President and CEO of Aprea. "APR-1051 is a next generation inhibitor of WEE1 kinase and, based on its unique characteristics, we believe it will be best in class. Pending clearance of the IND by FDA, we plan to commence clinical testing in the first half of 2024."
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SRRK | Hot Stocks08:22 EST Scholar Rock data show potential benefit of SRK-439 for 'healthy' weight control - Scholar Rock announced new preclinical data showing the potential of SRK-439 to preserve lean mass and improve metabolic health as part of healthy weight loss. These data showed that SRK-439 maintained lean mass and improved fat mass loss when used in combination with a GLP-1 receptor agonist n diet-induced obesity DIO mice. SRK-439 treatment also led to incremental lowering of fasting glucose beyond the levels seen with semaglutide alone. Detailed results were presented by Melissa Fulham, PhD, of Scholar Rock, at the Keystone Symposia's Obesity: Causes and Consequences meeting in Vancouver, BC, Canada on February 5. "These preclinical data showing that SRK-439 preserves lean mass and improves fat mass loss provide compelling scientific rationale to study SRK-439 in combination with GLP-1 RA therapies for healthy weight loss management," said Jay Backstrom, M.D., MPH, President and CEO of Scholar Rock. "We believe that preserving lean muscle mass through our highly selective approach to myostatin inhibition in combination with GLP-1 RA therapy has the potential to transform the management of weight loss. We look forward to initiating our proof-of-concept study with apitegromab in combination with GLP-1 RA therapy in obesity as we also continue to advance SRK-439 to clinic."
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AGFMF | Hot Stocks08:22 EST AGF Management announces normal course issuer bid - AGF Management Limited announced that the Toronto Stock Exchange has approved AGF's notice of intention to renew its normal course issuer bid in respect of its Class B Non-Voting Share As at January 26, 2024, there were 64,360,7481 Class B Non-Voting Shares issued and outstanding and the public float consisted of 47,352,690 Class B Non-Voting Shares. Under the announced normal course issuer bid, AGF is permitted to purchase up to 4,735,269 Class B Non-Voting Shares, representing approximately 10% of the public float for such shares as of January 26, 2024. Purchases under the normal course issuer bid may commence on February 8, 2024 and continue until February 7, 2025, when the bid expires. Pursuant to the Articles of AGF, the Class B Non-Voting Shares may not be purchased by AGF at a price which exceeds more than 15% of the weighted average price at which the Class B Shares traded on the TSX during the ten trading days immediately preceding the date of any such purchase. AGF announced that it will be entering into an automatic purchase plan with a broker during the normal course issuer bid. The Plan is effective as of February 8, 2024 and should terminate together with the normal course issuer bid. The Plan allows for purchases by AGF of its Class B Non-Voting Shares, subject to certain parameters.
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MYNZ | Hot Stocks08:22 EST Mainz Biomed announces opening of EOL - Mainz Biomed announces the opening of the 'European Oncology Lab,' EOL. The physician-led facility represents an expansion of the Company's collaboration with Laboratory Dr. Buhlmann with a shared location in Saarland, Germany. Via the EOL, medical professionals or patients can now order ColoAlert directly with Mainz Biomed as a laboratory medical service, meeting a crucial requirement to invoice private health insurance companies. Darin Leigh, Chief Commercial Officer of Mainz Biomed, commented: "This expansion marks a significant milestone in our mission to make early CRC detection more accessible for patients in Germany. The ability to invoice ColoAlert as a laboratory medical service opens a new revenue growth opportunity in addition to our established commercial sales channels. Given that March is Colorectal Cancer Awareness Month, we are very excited about this new opportunity to create visibility around the importance of earlier CRC detection."
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SRTS | Hot Stocks08:21 EST Sensus Healthcare collaborates with CureRays - Sensus Healthcare announces a new multi-faceted collaboration with CureRays, a radiation oncology specialist organization based in Atlanta and Grass Valley, Calif. Under the collaboration, CureRays will provide Sensus' dermatology customers with oversight and supervision to assure patient safety, quality, reliability of outcomes and conformance with regulatory requirements, in particular in states where regulations covering the use of ionizing radiation have been tightened. In addition, CureRays will research new indications for Sensus' superficial radiotherapy, including inflammatory diseases. "This collaboration is the culmination of several years of discussion that started early in the COVID-19 pandemic, when we learned that Drs. Khan and Hess were treating COVID pneumonia with low-dose radiotherapy for infectious and inflammatory diseases. We were anxious to help stem fatalities in any way we could, and we've been impressed with their commitment to patient care. CureRays is well-versed in our SRT-100 Vision system, which they are utilizing to treat skin cancer and keloids," commented Joe Sardano, chairman and chief executive officer of Sensus.
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ADXS IMNM | Hot Stocks08:21 EST Immunome to acquire AL102 from Ayala for $20M in cash, $30M in stock - Immunome (IMNM) entered into a definitive asset purchase agreement with Ayala Pharmaceuticals (ADXS), a clinical-stage oncology company, to acquire AL102 and related drug candidate AL101 from Ayala. Based on the terms of the agreement, Immunome will pay Ayala $20 million in cash and $30 million in Immunome common stock at the closing and will pay up to an additional $37.5 million in development and commercial milestone payments. Completion of the transaction is subject to customary conditions including Ayala obtaining the requisite stockholder approval. AL102 is an investigational small molecule gamma secretase inhibitor currently being evaluated in the randomized Phase 3 RINGSIDE international trial for the treatment of desmoid tumors - a debilitating soft tissue malignancy. AL102 is a potential once-daily oral treatment for desmoid tumors. Data from clinical trials have shown AL102 may be more effective in treating desmoid tumors than OGSIVEO, which recently became the first treatment approved for desmoid tumors by the U.S. Food and Drug Administration in November 2023. The Phase 2 portion of the RINGSIDE study demonstrated clinically meaningful anti-tumor activity across multiple parameters. The data showed high objective response rates, including 75% of evaluable patients in the 1.2 mg once daily arm, the dose being evaluated in the current Phase 3 trial. Furthermore, patients receiving the 1.2 mg daily dose experienced a median best reduction in tumor volume of 88% as measured by serial MRI exams, as of the previously reported July 5, 2023 data cut-off, and also demonstrated improvement in other radiographic parameters.
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TWST | Hot Stocks08:19 EST Twist Bioscience and Element Biosciences team on Exome sequencing solutions - Twist Bioscience and Element Biosciences announced a collaboration to develop the Twist for Element, Exome 2.0 plus Comprehensive Exome Spike-in Workflow for Element's AVITI System. "Element continues to expand its customer base, bringing high quality and cost-effective sequencing to researchers globally. Pairing Twist's robust NGS workflows with Element's AVITI technology will offer customers an economical and streamlined approach to next generation sequencing," said Emily M. Leproust, Ph.D., CEO and co-founder of Twist Bioscience. "Because our tools are sequencer agnostic, we can extend the reach of our products with innovative companies like Element, and continue our commitment to empowering researchers to accelerate breakthroughs in scientific discovery by providing advanced tools." "We've laid out an ambitious product roadmap for 2024 to redefine what is possible on a sequencer and make it even easier for labs to produce the highest quality data at a low cost," said Molly He, Ph.D., CEO and co-founder of Element Biosciences. "With the Twist for Element Exome Workflow, we are able to provide our customers with easy access to Twist's Exome 2.0 panel and high performing library preparation and target enrichment reagents, saving them potential downstream sequencing costs by reducing per sample sequencing requirements." The Twist for Element Exome Workflow is a purpose-built solution for Element's AVITI chemistry, alleviating the need for additional workflow steps for linear library conversion. The workflow will include Twist's library preparation and target enrichment bundled with the Exome 2.0 and comprehensive spike-in. The Exome 2.0 delivers best-in-class sequencing due to its high uniformity and low off-target rate. It is designed to detect rare and inherited diseases, as well as germline cancers...
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UBX | Hot Stocks08:18 EST Unity Biotechnology announces new research on potential of Senolytics - UNITY Biotechnology announced new research published in the peer-reviewed journal Nature Medicine that supports the clearance of senescent cells in the retina as a therapeutic approach that can lead to long-term improvements in vision in patients with diabetic macular edema, DME. The study shows that the therapeutic clearance of senescent cells can potentially remove an underlying source of pathogenesis and thus allow healthy cells to regenerate and remodel retinal vasculature, ultimately leading to long-term disease modification. These senescent cells can modify the surrounding environment and contribute to different cellular dysfunction and tissue degeneration. A team of scientists at University of Montreal and UNITY Biotechnology revealed that cellular senescent pathways are triggered in the diabetic retina and are specifically activated in endothelial cells. Researchers showed that senolysis through BCL-xL inhibition improved retinal barrier function in diabetic mice, modifying the retinal microenvironment and reestablishing tissue homeostasis. In addition, in clinical trials BCL-xL inhibition led to improvements in visual acuity and retinal structure stabilization in patients with advanced disease. "This research provides compelling mechanistic evidence of the therapeutic approach of eliminating senescent cells to reduce diabetes-induced retinal vascular leakage and preserve retinal function," Anirvan Ghosh, Ph.D., chief executive officer of UNITY and an author of the paper. "As senescent cell burden is observed in many other diseases, this study highlights the potential benefit of senolytic drugs for various age-related and metabolic diseases."
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OMH | Hot Stocks08:18 EST Ohmyhome partners with SG Alliance to extend home-related insurance - Ohmyhome announced its strategic partnership with SG Alliance. This partnership aims to provide access to comprehensive insurance solutions tailored to the needs of homeowners and homebuyers, and also bring Ohmyhome's suite of services to SG Alliance's clients. As Ohmyhome's preferred partner, SG Alliance is able to represent more than 30 insurance partners to provide different quotations for clients to compare. So customers can save the hassle in comparing and choose the most affordable plan to protect their home. Homeowners and homebuyers of Ohmyhome will also enjoy exclusive benefits as a result of the partnership.
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APPS | Hot Stocks08:18 EST Digital Turbine and ONE Store enter strategic partnership - Digital Turbine and ONE Store, Korea's second-largest app market outperforming most global competitors, announced a strategic partnership to elevate the mobile experience in the Korean App Market, intending to expand to additional markets globally. The partnership will bring Digital Turbine's SingleTap capabilities to over 40 million ONE Store enabled devices in Korea with expansion planned into additional markets in the near future. As part of the strategic partnership, Digital Turbine will invest $10M in ONE Store, and will embed its SingleTap technology across ONE Store's footprint of 40+ million devices in South Korea. The partnership will launch in South Korea, the 4th largest market globally in terms of consumer in-app spend, and the companies are jointly looking to expand their combined capabilities to additional key markets in the near future.
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RVPH | Hot Stocks08:17 EST Reviva Pharmaceuticals to host KOL event to discuss data on brilaroxazine - Reviva Pharmaceuticals announced that it will host a key opinion leader, KOL, event on Thursday, February 15, 2024 at 12:00 PM ET, featuring Larry Ereshefsky, PharmD, BCPP and Mark Opler, PhD, MPH, who will discuss the unmet medical need and current treatment landscape for patients suffering from acute to chronic symptoms of schizophrenia, and brilaroxazine, a next-generation serotonin/dopamine modulator, as a potential treatment. To register, click here.
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TWST | Hot Stocks08:16 EST Twist debuts cfDNA library preparation kit for liquid biopsy applications - Twist Bioscience Corporation launched the cfDNA Library Preparation Kit to enable liquid biopsy research. Liquid biopsies have gained prominence in critical applications such as cancer screening, including multi-cancer early detection screening and monitoring for minimal residual disease. Liquid biopsy tests are designed to accurately identify tumor variants within circulating tumor DNA ctDNA , which are often difficult to detect due to degraded or limited DNA presence. The Twist cfDNA Library Preparation Kit was purpose-built to maximize the number of unique cfDNA molecules that are captured in library preparation, for higher confidence in the accuracy and sensitivity of liquid biopsy tests. "Liquid biopsies can be life changing for patients, enabling earlier detection of cancer and profiling each patient's unique tumor to inform personalized treatment plans," said Emily M. Leproust, Ph.D., CEO and co-founder of Twist Bioscience. "Even with advancements in the sensitivity of tests that have enabled the liquid biopsy field to expand, some tumor variants remain incredibly difficult for researchers to detect in the earlier stages of disease. With exceptional accuracy and sensitivity enabled by high conversion rates, the Twist cfDNA Library Preparation Kit can help push the limit of detection and detect lower frequency variants that can be missed by other on market library preparation solutions."
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AMRK | Hot Stocks08:16 EST A-Mark Precious Metals to acquire LPM Group for upfront consideration of $41.5M - A-Mark Precious Metals has entered into a non-binding letter of intent with AMS Holding providing for three transactions, including the proposed acquisition of LPM Group Limited, one of Asia's largest precious metals dealers. The proposed transactions are subject to the preparation and execution of definitive agreements and are expected to close simultaneously in February 2024, subject to the receipt of customary closing conditions and required third party consents or approvals, including the consent of the lenders under A-Mark's Trading Credit Facility. Established in 2012, LPM is one of the largest precious metals wholesalers in Asia. Headquartered at the heart of Hong Kong's Central Financial District, LPM boasts the city's largest numismatics showroom. LPM offers a wide selection of products through its retail store and 24/7 online trading platform, including recently released silver coins, gold bullion, certified coins, and the latest collectible numismatic issues. The company's global customer base spans sovereign and private mints, manufacturers and fabricators, investors, collectors, e-commerce customers, and other retail customers. The letter of intent provides that A-Mark will acquire 100% of the issued and outstanding equity interests of LPM Group Limited from AMS for total upfront consideration of $41.5 million, consisting of $37.5 million in cash, subject to certain closing adjustments, and $4.0 million of A-Mark common stock. The letter of intent further provides that LPM will have a tangible net worth of $11.5 million inclusive of net cash and precious metals inventories. The letter of intent also contemplates that AMS will have the potential to earn up to an additional $37.5 million in cash based on achievement of certain Earnings before Interest, Taxes, Depreciation, and Amortization targets for 2024, 2025 and 2026. Under the letter of intent, A-Mark affiliate, Pinehurst Coin Exchange, one of the nation's largest distributors of modern certified coins of which A-Mark owns 49.0%, will acquire all the assets of ModernCoinMart from AMS for $5.5 million, subject to certain closing adjustments. MCM is one of the fastest growing dealers in the U.S. and ships to many international destinations. As part of the asset purchase, Pinehurst will acquire $3.0 million of inventory, along with MCM's customer list, brand name, and related intellectual property. The letter of intent further provides that a proposed joint venture consisting of A-Mark, Pinehurst and Stack's Bowers Numismatics, LLC, an affiliate of A-Mark, will acquire a common equity interest in AMS equivalent to 10% of the total, fully diluted common equity interests in AMS. As part of the proposed investment, A-Mark CEO Greg Roberts will join the AMS board of directors.
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CSTM | Hot Stocks08:16 EST Constellium provides Chanel Fragrance & Beauty recycled aluminum solutions - Constellium partnered with Chanel Fragrance & Beauty and g.pivaudran to introduce a packaging including recycled aluminium for Chanel's mascara line "Le Volume." The mascara packaging will now incorporate 10 to 20 per cent of post-consumer recycled, depending on the model. Constellium collaborated on this project with luxury packaging specialist g.pivaudran since 2018, overcoming technical challenges such as issues with deep stamping and maintenance of a smooth or brushed decor. The companies also worked to ensure maintenance of aesthetics following anodization and sought to ensure stability of raw material featuring recycled content.
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IRIX | Hot Stocks08:15 EST Iridex receives European patent on MicroPulse technology - Iridex Corporation announced the grant of the European Patent EP 3009093, entitled "Laser System with Short Pulse Characteristics and its Methods of Use". This groundbreaking patent further protects Iridex's intellectual property encompassing laser systems in ophthalmology and related fields, for technology that enhances safe and effective laser treatments. Iridex is the exclusive provider of MicroPulse devices that utilize the patented technology. Revolutionizing Eye Care with Precision and Safety The patented technology delivers a laser system capability for delivering short, controlled-width pulse trains. This technology is designed to minimize the risk of full-thickness retinal damage and vision loss, a common concern with traditional laser treatments with numerous clinical studies demonstrating its safety and efficacy in retina and glaucoma applications and beyond.
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MGA | Hot Stocks08:13 EST Magna awarded specialized eDrive system business with North America-based OEM - Magna is growing its electrification customer base with a newly awarded contract from a North America-based OEM to supply a specialized primary rear eDrive system for one of the company's high-end niche vehicle platforms. The award reinforces Magna's commitment to supporting the automotive industry's short and long-term transformational needs. "We are dedicated to assisting our customers in their transition to electrification by providing them with industry-leading electrified platforms for a sustainable, emission-free future," said Diba Ilunga, President, Magna Powertrain. "This award reflects our expertise in electric powertrain system engineering and integration, as well as our collaborative approach with a highly valued customer to deliver cutting-edge solutions."
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PLUG | Hot Stocks08:13 EST Plug Power drops 3% to $4.20 after downgrades at Seaport , UBS
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EXEL | Hot Stocks08:12 EST Cybrexa regains rights to CBX-12 - Cybrexa Therapeutics announced the Company will regain all rights to CBX-12, a clinical-stage, first-in-class peptide drug conjugate that utilizes Cybrexa's proprietary alphalex technology to enhance delivery of exatecan to tumor cells, as its collaboration partner, Exelixis, Inc., has provided a notice of termination for the right to acquire CBX-12. "We appreciate the excellent collaboration we had with Exelixis and the advances we made working together on the CBX-12 clinical program. This collaboration has positioned Cybrexa to move CBX-12 into phase II trials later this year," said Per Hellsund, President & CEO, Cybrexa.
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GANX | Hot Stocks08:12 EST Gain Therapeutics announces preclinical data on GT-02287 - Gain Therapeutics announces preclinical data demonstrating that its clinical-stage GCase regulator GT-02287 provided neuroprotection and restored motor function in Parkinson's disease models following delayed administration. The data was accepted as a late-breaker abstract and will be presented at the 20th Annual WORLDSymposium being held in San Diego this week. "We believe the data showing complete restoration of motor function in a therapeutic model are remarkable and further support the potential of GT-02287 to slow or stop the progression of Parkinson's disease, a disease for which only symptomatic treatments are available to patients at this time," said Matthias Alder, Gain Therapeutics' Chief Executive Officer. "We are currently conducting a Phase 1 clinical trial of GT-02287 in healthy adults to evaluate its safety, tolerability, and pharmacokinetics, and plan to commence treatment of patients in an extension of that clinical trial in Q3 of this year."
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PAPL | Hot Stocks08:11 EST Pineapple Financial expands into Alberta - Pineapple Financial has added three Alberta-based teams to its network. This move represents the company's first foray into the Alberta market. This expansion is expected to provide incremental revenue of more than $150M in the next 12 months. The teams anticipate a surge in activity following the Bank of Canada's projected interest rate reductions later this year. Pineapple Financial now has operations in nine Canadian provinces, including Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Newfoundland and Labrador and PEI.
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ECOR | Hot Stocks08:11 EST electroCore issued U.S. patent related to systems, methods for treating diseases - electroCore announced the United States Patent and Trademark Office has issued a patent related to systems and methods for treating disorders associated with viruses in the Coronaviridae family, U.S. Patent No. 11,894,148 entitled "Systems and Methods for Treating Patients With Diseases Associated With Viruses" generally relates to methods for treating disorders with viruses in the COVID family using electrical impulses transcutaneously to the vagus nerve for about 30 seconds to about 5 minutes, from 2 to 5 times per day, to reduce a level of C-reactive protein in the blood of the patient.
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AONC | Hot Stocks08:11 EST American Oncology Network partner practice announces opening of clinic - Cancer and Blood Specialists of Georgia, a partner practice of American Oncology Network, announced the opening of its new clinic in Cumming, which is located at 101 Greenfield Drive, Suite 220. The clinic is the second location for the practice with the first being established in Johns Creek, which opened to the community in September 2022. "At AON, we are continuously looking for opportunities to help community oncology practices expand so that they can improve access to cancer care," said Stephen "Fred" Divers, MD, AON's chief medical officer. "We remain firm in our commitment that these necessary healthcare services should be available and accessible to all - no matter the patient's location. Congratulations to the practice on the new clinic, and we are ready to support the care team as they serve this new community."
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RARE | Hot Stocks08:10 EST Ultragenyx announces data demonstrating treatment with UX111 - Ultragenyx Pharmaceutical announced data demonstrating treatment with UX111 AAV gene therapy resulted in rapid and sustained decreased levels of heparan sulfate in cerebrospinal fluid in patients with Sanfilippo syndrome type A, and that sustained reduction in CSF HS exposure over time was correlated with improved long-term cognitive development. These data are from the modified intention to treat group in the pivotal Transpher A study. Following treatment with UX111, levels of CSF-HS decreased within the first month post treatment in all patients. 8 of 17 patients in the mITT group who reached 24 months post-treatment achieved an overall mean percent reduction from baseline of 51%. An alternative way to assess CSF-HS is to look at the reduction in CSF HS exposure over time post-administration of UX111 using time-normalized area under curve. The 17 patients in the mITT group had a mean follow-up duration of 29 months. There was a mean reduction in CSF HS exposure of 63% using time-normalized AUC. Cognitive function was measured using Bayley-III cognitive raw scores and an estimated yearly rate of change was calculated to reflect a patient-specific rate of change in BSITD-III cognitive raw scores after UX111 treatment. At the time of the data cut-off, the individual EYC in cognitive raw scores showed a positive rate of change indicating either stability or gains from baseline in 16 of the 17 patients during the expected window of plateau into decline, defined as greater than30 months of age.
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GTEC | Hot Stocks08:09 EST Greenland Technologies adds Correlli to Hevi EV service provider network - Greenland Technologies added Correlli to Greenland's HeviI Authorized Service Provider national network program, which will support increased demand for the company's growing Hevi electric industrial vehicle product line.
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FLYW | Hot Stocks08:09 EST Flywire partners with State Bank of India to digitize education payments - Flywire has partnered with State Bank of India to enable Indian payers to seamlessly and digitally pay international education-related fees in their local currency to higher education institutions all over the world. The integration provides students and families a streamlined and completely digital experience when making high-value education payments, and helps them comply with the Liberalized Remittance Scheme, which are guidelines to help streamline overseas transactions and investments for residents of India. Flywire integrates directly into SBI's banking platform, providing Indian students with a fully digital checkout experience for their transactions, ranging from application fees to tuition payments. The solution is available only to local currency account holders of SBI in India. Students can make the payment in three simple steps from within their SBI net banking platform, all in Indian rupees, and can track the payment through to when the funds are delivered to their university. Likewise, institutions accepting payments through Flywire benefit from receiving payments on time in the local currency, as well as full transparency into the transaction history, which eases their reconciliation processes and streamlines operational efficiencies.
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ALLG | Hot Stocks08:09 EST Allego CFO Ton Louwers leaving effective June 30 - Allego announced its Chief Financial Officer, Ton Louwers, is leaving the Company effective June 30.Following Allego's public listing in March of 2022, Mr. Louwers is transitioning away from the Company to pursue new opportunities. Allego has initiated an external search for a new Chief Financial Officer.
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SEER | Hot Stocks08:08 EST Seer announces publication of study on Proteograph workflow - Seer announced a publication in Nature Communications from a study led by Weill Cornell Medicine showing Seer's Proteograph workflow to potentially unveil novel proteogenomic insights into genetics-based drug and biomarker discovery for precision medicines. Designed to address the challenges with affinity-based proteomic approaches for protein quantitative trait loci studies, the scalable, high-resolution Proteograph workflow enables scientists to link genetic variation with protein abundance with peptide level resolution. In the paper, the researchers used Seer's first-generation Proteograph Assay workflow upstream of mass spectrometry to quantify over 18,000 peptides from approximately 3,000 proteins in more than 320 blood samples to detect and quantify blood-circulating proteins in the presence of protein-altering variants, PAVs. The study found 184 PAVs in 137 genes, confirmed by their variant peptides in mass spectrometry data, known as MS-PAV. Most MS-PAVs were aligned with known genetic markers, validating the target specificity of the method. Some MS-PAVs overlapped with trans-pQTLs, shedding light on potential causal proteins. Lastly, the study revealed proteins overlooked by traditional methods, like the incretin pro-peptide linked to type 2 diabetes and cardiovascular disease.
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VZ | Hot Stocks08:07 EST Verizon Business announces Network as a Service Cloud Management - Verizon Business announced Network as a Service Cloud Management, a new service that allows businesses to control application components and network architecture across multiple cloud environments -- public, private and hybrid -- all on one unified online portal. The new solution is designed to work with Verizon Business' NaaS offering and vastly simplify multi-cloud management as part of the NaaS flexible service-model fabric.
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AWH | Hot Stocks08:07 EST Aspira Women's Health announces OvaSuite distribution agreement in Philippines - Aspira Women's Health announced the signing of a 5-year distribution agreement granting Hi-Precision Laboratories the exclusive right to market and distribute the OvaSuite portfolio in the Philippines. The commercialization of OvaSuite products in the Philippines will commence upon receiving approval from the local regulatory authority. In consideration of the licenses and rights granted by Aspira, Hi-Precision Laboratories will pay royalties to Aspira for each test performed in the Philippines. "We are thrilled to partner with one of the largest medical laboratories in the Philippines, an important step towards achieving our goal to make OvaSuite available worldwide," said Nicole Sandford, President and Chief Executive Officer of Aspira. "Moreover, the Clinical Performance of a Multivariate Index Assay in Detecting Early-Stage Ovarian Cancer in Filipino Women study clearly demonstrated improvements in the detection of early-stage ovarian cancers when an Aspira test was incorporated in the clinical assessment of women presenting with an ovarian mass."
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INVZ | Hot Stocks08:06 EST Innoviz Technologies attains IATF 16949:2016 certification - Innoviz Technologies announced its achievement of the International Automotive Task Force, or IATF, 16949:2016 certification, which includes the ISO 9001:2015 requirements. The IATF was formed to provide improved quality products to automotive consumers worldwide and its members include automotive manufacturers. The IATF 16949:2016 is an internationally recognized standard for automotive quality management systems. It certifies that Innoviz has the process-oriented quality management systems to enable continued improvements, emphasizing defect prevention and the reduction of variation and waste in the supply chain and assembly process. In addition, Innoviz received the ISO 14001:2015 certification, an internationally- recognized standard for environmental management systems and the ISO 45001:2018 certification, an international standard that specifies requirements for an occupational health and safety management system.
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NHWK SCPX | Hot Stocks08:06 EST NightHawk Biosciences completes name change to Scorpius Holdings - NightHawk Biosciences had completed its name change from NightHawk Biosciences, Inc. to Scorpius Holdings, Inc., to better reflect the Company's successful shift into a pure-play, large molecule biomanufacturing CDMO. In connection with the name change, the Company's ticker will change to "SCPX" effective today, February 6, 2024. The name and symbol changes do not affect the Company's share structure or the rights of the Company's shareholders, and no further action will be required by existing shareholders.
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IMNM | Hot Stocks08:06 EST Immunome acquires AL102 a and AL101 from Ayala for $50M at closing - Immunome announced that it entered into a definitive asset purchase agreement with Ayala Pharmaceuticals, to acquire AL102 and related drug candidate AL101 from Ayala. Based on the terms of the agreement, Immunome will pay Ayala $20M in cash and $30M in Immunome common stock at the closing and will pay up to an additional $37.5M in development and commercial milestone payments. Completion of the transaction is subject to customary conditions including Ayala obtaining the requisite stockholder approval. AL102 is an investigational small molecule gamma secretase inhibitor currently being evaluated in the randomized Phase 3 RINGSIDE international trial for the treatment of desmoid tumors - a debilitating soft tissue malignancy. AL102 is a potential once-daily oral treatment for desmoid tumors. Data from clinical trials have shown AL102 may be more effective in treating desmoid tumors than OGSIVEO or nirogacestat , which recently became the first treatment approved for desmoid tumors by the U.S. Food and Drug Administration in November 2023.
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DOCU | Hot Stocks08:06 EST DocuSign announces restructuring plan, to reduce workforce by 6% - DocuSign announced a restructuring plan designed to strengthen and support the company's financial and operational efficiency while continuing to invest in product and related initiatives that will provide the foundation to realize its multi-year growth aspirations as an independent public company. DocuSign also announced that it expects to meet or exceed the company's Q4 and FY 2024 financial guidance as described in the earnings release on December 7, 2023. As part of the Restructuring Plan, the company expects it will restructure and reduce its current workforce by approximately 6%, with the majority of impacted positions in the company's Sales & Marketing organizations. The Company currently estimates that it will incur approximately $28 to $32 million in non-recurring restructuring charges in connection with the Restructuring Plan, consisting primarily of cash expenditures for employee transition, notice period and severance payments, employee benefits, and related costs as well as non-cash expenses related to vesting of share-based awards. The company expects that the majority of the restructuring charges will be incurred in the first quarter of fiscal 2025, and that the execution of the Restructuring Plan will be substantially complete by the end of the second quarter of fiscal 2025.
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INKT | Hot Stocks08:06 EST MiNK announces publication of results from Phase 1/2 study of agenT-797 - MiNK Therapeutics announced the publication of results in Nature Communications from a phase 1/2 study of agenT-797 in patients with moderate-to-severe acute respiratory distress, ARDS, secondary to SARS-CoV-2. These findings show that agenT-797 holds significant promise in improving patient survival and reducing secondary infections, all while maintaining a favorable safety profile. Results Highlights: In a cohort of 21 patients with mechanical ventilation, survival rates exceeded 70%, with a remarkable 80% survival rate among those on VV ECMO. These data stand in stark contrast compared to 10% survival rate in the in-hospital control group at the same time. agenT-797 was shown to induce anti-inflammatory biomarkers and prevent secondary bacterial and fungal infections, including a more than 80% reduction in pneumonia in the highest dose cohort.
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LPCN | Hot Stocks08:04 EST Lipocine confirms dosing regimen for pivotal study of LPCN 1154 - Lipocine announced that results from a multi-dose clinical study have confirmed the LPCN 1154 48-hour dosing regimen for the upcoming NDA enabling pivotal pharmacokinetic study. LPCN 1154 is an oral neurosteroid being developed by Lipocine for the treatment of postpartum depression. Lipocine has previously confirmed with the FDA acceptance of a proposal for a 505(b) NDA filing based on a single pivotal study comparing exposure of LPCN 1154 with the approved IV infusion of brexanolone. Following a successful meeting with the FDA, Lipocine reached agreement on the use of exposure parameters and criteria to assess comparable exposure to IV infusion brexanolone. Consistent with the goal of NDA submission by the end of Q4, the company anticipates top line results late in Q2 from the crossover pivotal study of LPCN 1154 with the reference product IV brexanolone.
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CTS | Hot Stocks08:04 EST CTS Corporation board approves $100M share repurchase program - CTS announced that its Board of Directors approved a new share repurchase program that authorizes the company to repurchase up to $100 million of its common stock, replacing the existing program authorized in February 2023. The new share repurchase program has no scheduled termination date.
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MA | Hot Stocks08:03 EST MasterCard partners with NovoPayment to grow Mexico footprint - NovoPayment announced that it has received Mastercard certification, as part of the Mastercard Network Enablement Partner program, to switch and process Mastercard transactions in Mexico. The Network Enablement Partner program is a Mastercard initiative that enables Service Providers - the vendors of Mastercard-Licensed Issuers and Acquirers who typically have a fully indirect relationship with Mastercard - to play a pivotal role in expediting product innovation, reducing time to market and enhancing overall performance and operational efficiency for their customers. The direct partnership with Mastercard opens the door for Service Providers to collaborate on initiatives that drive value, innovation and seamless experiences in the evolving payment ecosystem. Prior to Mexico, NovoPayment has received certifications in Chile, Colombia, Ecuador, Peru and Venezuela as card issuer processors.
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RLYB | Hot Stocks08:03 EST Rallybio announces 45% reduction in workforce - Rallybio announced the prioritization of its portfolio and a 45% workforce reduction to focus resources on its Phase 2-ready clinical stage programs, RLYB212 and RLYB116. RLYB212 is a novel human monoclonal anti-HPA-1a antibody in development for the prevention of fetal and neonatal alloimmune thrombocytopenia, or FNAIT, and RLYB116 is a once-weekly, low volume subcutaneously injected inhibitor of complement component 5, or C5, in development for patients with complement-mediated diseases. With these changes, Rallybio expects to extend its cash runway into mid-2026. The company will implement a 45% workforce reduction, representing 19 positions, which will be substantially complete by the end of the first quarter of 2024. Rallybio estimates that the workforce reduction will result in aggregate charges of approximately $3.3M, primarily for one-time employee severance and benefit costs and excluding share-based compensation expense. Based on the above actions, Rallybio's cash, cash equivalents and marketable securities of approximately $109.9M as of December 31, 2023, are now expected to fund its revised operating plan into mid-2026.
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ML | Hot Stocks08:02 EST MoneyLion partners with EY in digital transformation services for banks - MoneyLion is partnering with Ernst & Young - EY US -, to help drive innovation and growth within the banking sector. The alliance leverages MoneyLion's embedded finance platform to help enhance the technological capabilities of traditional banking institutions. With MoneyLion's embedded marketplace infrastructure and technology, data insights and content solutions combined with EY US teams' existing core-banking modernization offerings and Nexus for Banking Platform, the Alliance is designed to provide a comprehensive suite of FinTech solutions to help scale acquisition strategies and service models as well as foster organic growth and engagement within financial institutions' customer base.
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ARWYF | Hot Stocks07:41 EST ARway launches compatibility with Apple Vision Pro - ARway.ai has launched its compatibility with Apple's Vision Pro alongside the headset's recent release on February 2. In addition, the Company is now accepting submissions for their early access list for the ARwayKit SDK for the Apple Vision Pro. The user-friendly ARwayKit SDK will provide a cross-platform developer tool across iOS and RealityOS enabling access to apps with location-persistent AR content and immersive experiences across both headsets and smartphones.
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KHTRF | Hot Stocks07:39 EST Knight Therapeutics announces launch of Bijuva in Canada - Knight Therapeutics announced the launch of BIJUVA capsules in Canada. BIJUVA is indicated for the treatment of moderate to severe vasomotor symptoms associated with menopause in women with an intact uterus. VMS affects 60% to 80% of women entering menopause and are commonly known as hot flashes or flushes and night sweats. BIJUVA is a once-daily combination of bioidentical estradiol and progesterone in a single oral capsule. The two hormones included in BIJUVA have the same structure as the hormones produced and circulating in a woman's body.
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CHR | Hot Stocks07:39 EST Cheer Holding secures national invention patent for AI core technology - Cheer Holding announced the acquisition of an invention patent certificate from the National Intellectual Property Administration. This milestone achievement solidifies Cheer Holding's position as a trailblazer in the AI industry, showcasing the Company's groundbreaking invention of "Method and System for Establishing an Artificial Intelligence Question-Answering Knowledge Base." Cheer Holding's invention introduces an innovative approach to creating an artificial intelligence question-answering knowledge base. Leveraging advanced data processing techniques, this pioneering method encompasses various crucial steps. By collecting input sentences from an AI cloud platform, the system extracts question texts, meticulously filtering out extraneous characters to extract valuable textual information. Through numerical conversion, each character receives a numerical representation, enabling the identification of crucial information phrases. These phrases form the basis for generating multiple initial matching answers.
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HYZN | Hot Stocks07:38 EST Hyzon Motors and New Way Trucks to co-develop fuel cell-powered refuse vehicle - Hyzon Motors and privately held New Way Trucks announced a Joint Development Agreement to develop a fuel cell powered refuse vehicle for the North American market. Hyzon and New Way plan to start the advanced phases of truck development, with the initial base FCEV prototype ready for refuse collection equipment integration. Hyzon will be responsible for the supply and integration of its advanced fuel cell technology and integrated powertrain, while New Way will be responsible for the supply and integration of the prototype's Sidewinder XTR automated side-load refuse body. Initial customer trials for the parties' first North American prototype truck are planned to begin in the first half of 2024 with a mix of public and private refuse fleets. Additionally, Hyzon is targeting initial commercial vehicle deliveries in 2025 on the back of potential successful trials.
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OPTHF | Hot Stocks07:38 EST Optimi Health to host MDMA educational quality assurance webinar - Optimi Health is announcing an informative webinar titled "Know Your Drug Candidate: Safeguarding Quality in Psychedelic Therapy." This event, scheduled for Tuesday, February 13, 2024, at 2:00 p.m. Pacific Standard Time, is a crucial opportunity for clinicians, scientists, researchers, therapists, pharmacists, and regulators involved or interested in the GMP manufacturing of psychedelic drug substances. The session will be hosted by Optimi Health Chief Science Officer, Dr. Preston A. Chase, and Director of Quality Commercial Strategies, Karina Lahnakoski. Both individuals, considered experts in their respective fields, currently lead the Company's cutting-edge science and quality assurance divisions. The webinar aims to provide invaluable educational insights into the meticulous processes involved in ensuring the quality, safety, and international supply of the Company's psychedelic drug candidates.
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VVOS | Hot Stocks07:38 EST Vivos Therapeutics highlights favorable market developments - Vivos Therapeutics highlighted certain significant favorable market developments creating new opportunities to widen its funnel of potential users of Vivos' oral appliance therapies. On November 2, 2023, the U.S. Food and Drug Administration granted, for the first time ever, a 510(k) clearance to the Vivos CARE appliances to treat moderate and severe OSA in adults. Considering the very recent discontinuation of many devices by Philips Respironics, there will most likely be a ripple in the supply chain which ultimately will affect patient care. Vivos has demonstrated and proven to the FDA safety and efficacy for its CARE devices to treat severe OSA, and it is well positioned to assist patients and providers that have been or could be impacted by these latest industry developments. Kirk Huntsman, Chairman and CEO of Vivos, stated "We believe that CPAP recalls leaving millions of OSA sufferers looking for alternatives, together with United Healthcare's recognition of oral appliance therapy as a prerequisite for surgical treatment in adult patients with moderate to severe OSA, create a significant opportunity for us to widen the funnel of potential users of our appliances. For the first time ever, adult patients with moderate to severe OSA now have a safe and highly effective alternative treatment option to CPAP through our CARE appliances, a treatment that has been proven to significantly improve and even clinically resolve OSA symptoms, over a limited treatment time."
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CMGR | Hot Stocks07:37 EST Clubhouse Media says HoneyDrip.com sees month-over-month growth - Clubhouse Media Group announced that HoneyDrip.com has seen month over month growth, continuing into January 2024. Honeydrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content. HoneyDrip.com has experienced rapid growth in four main categories during the month of January 2024 alone: Active performers on the site increased by 3% 2) Content posts to be sold increased by 6% 3) Active users increased by 5% 4) Applications from creators wishing to join the site increased by 2%.
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AGFY | Hot Stocks07:35 EST Agrify announces successful installation of a PX-30 System at Michigan facility - Agrify Corporation announced the successful installation of a PX-30 Hydrocarbon Extraction System at its customer's Michigan facility. "We are thrilled to announce the successful installation of another PX-30 hydrocarbon extraction system at one of our valued customers here in the state of Michigan," said Brian Towns, EVP & General Manager at Agrify. "This state-of-the-art technology aligns with our mission to provide our clients with the best tools for long-term success in an evolving industry. Agrify is committed to all of our customer's success as their success is our success."
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PYR | Hot Stocks07:35 EST PyroGenesis announces milestone for Fumed Silica Reactor project - PyroGenesis Canada announced that, further to HPQ Silicon's press release, and the Company's own news releases dated November 9, 2023 and January 11, 2024, the next milestone for pilot plant development has been reached. The Fumed Silica Reactor technology project is being conducted in conjunction with HPQ Silica Polvere, a wholly owned subsidiary of HPQ. With the engineering design having concluded, major fabrication ending, and all additional peripheral materials having been ordered, the 50 tonnes per year FSR pilot plant is now entering the construction phase. The FSR pilot plant will be constructed within a dedicated space inside PyroGenesis' facilities, with a custom-designed infrastructure that meets the pilot plant's unique ventilation, safety, and access requirements. A 4,000 sq ft facility with a 30-foot height allowance has been allocated to house the pilot plant, which itself has an approximate layout footprint of 50ft by 30ft.
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W AAPL | Hot Stocks07:36 EST Wayfair says Decorify App now available on Apple Vision Pro - Wayfair (W) announced Decorify, Wayfair's generative AI pilot application, is now available on Apple Vision Pro (AAPL). Using the app, users can quickly and easily redesign their spaces in familiar and new styles, and experience their new spaces in an immersive environment. The Wayfair Decorify app is currently available in the visionOS App Store for Apple Vision Pro.
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AMST | Hot Stocks07:35 EST Amesite announces results on user retention across programs - Amesite announces aggregate retention numbers for users enrolled in programs delivered on its technology stack, and its growing sales activity. Amesite reports an overall retention rate of 98% for paid learning experiences on its platform. These results overwhelmingly exceed industry norms. On average, online retention rates for paid online courses are only between 68-73%. Amesite retentions in specific categories follow: 96% retention for technology upskilling programs, such as data science or electric vehicle technologies; 98% retention for professional development programs, such as implicit bias or building successful customer relationships; 97% retention for cohort-based programs, such as logistics or coding for gaming; 98% retention for self-paced programs, such as implicit bias or smart manufacturing; Amesite has reported on the importance of use of AI in education, including use of Natural Language Processing and integration of generative AI models to offer student support, to drive improved educational outcomes.
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NCNO | Hot Stocks07:34 EST nCino announces Mechanics and Farmers bank live on nCino Platform - nCino announced that Mechanics and Farmers Bank is live on the nCino Cloud Banking Platform. The technology upgrade is helping M&F process loans more quickly and creating increased convenience and connectivity for the underserved markets it intentionally serves. "The partnership we have with M&F Bank is foundational to the transformation the Bank is driving within their operations," said Will Cameron, SVP of U.S. Financial Institutions at nCino. "We are proud to provide M&F with the technology platform they need to provide faster and easier access to capital for the communities they serve while strengthening its own performance and becoming more efficient."
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SPR... | Hot Stocks07:36 EST Spirit AeroSystems reports backlog of approximately $49B at Q4-end - Spirit's (SPR) backlog at the end of the fourth quarter of 2023 was approximately $49B, which includes work packages on all commercial platforms in the Airbus (EADSY) and Boeing (BA) backlog.
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BBIO | Hot Stocks07:33 EST BridgeBio reports inducement grants under Nasdaq listing rule - BridgeBio Pharma announced that on February 05, 2024, the compensation committee of BridgeBio's board of directors granted thirty-five new employees restricted stock units for an aggregate of 123,838 shares of the Company's common stock. One-fourth of the shares underlying each employee's restricted stock units will vest on February 16, 2025, with one-twelfth of the remaining shares underlying each such employee's restricted stock units vesting on a quarterly basis thereafter, in each case, subject to each such employee's continued employment with the Company or one of its subsidiaries on such vesting dates. All of the above-described awards were made under BridgeBio's Amended and Restated 2019 Inducement Equity Plan. The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio's board of directors in November 2019, and amended and restated on February 10, 2023 and on December 13, 2023.
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ATHE | Hot Stocks07:32 EST Alterity Therapeutics says Phase 2 DMC recommends continuation of trial - Alterity Therapeutics announced that an independent Data Monitoring Committee has completed its second review of trial data and recommended the ATH434-201 Phase 2 study continue as planned. The ATH434-201 clinical trial is a randomized, double-blind, placebo-controlled investigation of ATH434 in patients with early-stage multiple system atrophy, a rare neurodegenerative disease with no approved treatments to slow or stop its progression. The DMC conducted its second prespecified review of unblinded clinical data from study participants. The DMC expressed no concerns about safety and recommended that the study continue without modification. The plan for the DMC to review initial safety data has been cleared with the U.S. Food and Drug Administration. The ATH434-201 Phase 2 clinical trial is evaluating the effect of ATH434 treatment on neuroimaging and protein biomarkers to demonstrate target engagement and clinical endpoints to demonstrate efficacy, in addition to assessments of safety and pharmacokinetics. Selected biomarkers, such as brain iron and aggregating alpha-synuclein, are important contributors to MSA pathology and are therefore appropriate targets to demonstrate drug activity. Wearable sensors have also been employed to evaluate motor activities that are important to patients with MSA. The study enrolled 77 adults who were randomly assigned to receive one of two dose levels of ATH434 or placebo. Participants will receive treatment for 12 months which will provide an opportunity to detect changes in efficacy endpoints to optimize design of a definitive Phase 3 study.
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SPR | Hot Stocks07:31 EST Spirit AeroSystems not providing FY24 guidance - The company stated, "Spirit will not be providing guidance at this time until there is further clarity on the timing of 737 MAX production rate increases from our customer in relation to FAA approval and ongoing price negotiations with Airbus."
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PLL | Hot Stocks07:27 EST Piedmont Lithium provides business update - Piedmont Lithium provided an update on key business and portfolio activities. Ramp up continues on target at North American Lithium, Piedmont's joint-venture mining operation in Quebec. NAL produced 34,237 dry metric tons of spodumene concentrate in Q4'23, at an average grade of 5.5% Li2O, representing a 9% increase in production from the prior quarter. Unit mining costs are expected to improve once operations have moved past the old mining works. Piedmont expects to begin deliveries under its long-term contracts in 2024 and reduce reliance on volatile spot market sales. Piedmont and its partner, Atlantic Lithium, continue to advance development of the Ewoyaa project in Ghana. The Minerals Income Investment Fund of Ghana completed a $5M investment in Atlantic and discussions continue regarding MIIF's potential investment of $27.9M directly into Ewoyaa for a 6% project stake, which would reduce funding requirements for Piedmont and the project's other partners. Construction at Ewoyaa is targeted to commence in 2025 following receipt of required permits and approvals, which are expected later in 2024. Piedmont expects to submit a formal application for the Ewoyaa project debt financing later this quarter to the U.S. International Development Finance Corporation. Piedmont's projects in North Carolina and Tennessee are central to its long-term strategy. In the event Piedmont receives a positive decision on the Carolina state mining permit, the Company would prepare for local project rezoning and permits while continuing to work with state agencies in North Carolina to obtain final air and industrial discharge permits. Piedmont finished 2023 with $72M in cash and currently holds approximately $38M in marketable securities. The company intends to reduce its capital spending in 2024. Expects to complete the majority of its cost savings initiatives by the end of Q1'24 and is targeting approximately $10M in annual run rate savings.
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TELL | Hot Stocks07:27 EST Tellurian explores opportunities in sale of Haynesville upstream assets - Tellurian announced it has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian's upstream business. Chief Executive Officer Octavio Simoes said, "As we commercialize Driftwood LNG, Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market in the context of global LNG demand. We have concluded that there are alternative gas supply strategies available to us from various basins and our ownership of upstream assets is not necessary at this stage of Tellurian's development. We have a substantial number of drilling locations that we believe will be highly attractive to oil and gas producers that can develop them more quickly than we would."...Chief Executive Officer Octavio Simoes said, "As we commercialize Driftwood LNG, Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market in the context of global LNG demand. We have concluded that there are alternative gas supply strategies available to us from various basins and our ownership of upstream assets is not necessary at this stage of Tellurian's development. We have a substantial number of drilling locations that we believe will be highly attractive to oil and gas producers that can develop them more quickly than we would."
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NBIO | Hot Stocks07:23 EST Nascent Biotech, Manhattan BioSolutions partner to explore pritumumab conjugates - Nascent Biotech has entered into a research collaboration agreement with Manhattan BioSolutions to explore antibody-drug conjugates using Nascent's lead clinical candidate pritumumab as the tumor-targeting antibody element. Pritumumab is a natural human antibody. This monoclonal antibody targets extracellular form of vimentin, a protein that has been linked to cancer growth and metastasis and is overexpressed in both brain and pancreatic cancers as well as other hard tumor cancers. PTB is a targeted immunotherapy that binds to vimentin in tumors and recruits the immune system to eliminate cancer cells. PTB has demonstrated a promising safety profile and preliminary efficacy in completed Phase I study in glioblastoma patients. Nascent has been recently cleared by the FDA to begin Phase II clinical trials for brain cancer. In preclinical experiments, PTB antibody has shown the capacity to cross the blood-brain barrier with the additional potential to transport conjugated drugs into brain tissues, and Nascent holds a patent covering this specialized delivery mechanism. Under the terms of the agreement, Manhattan Bio will perform PTB conjugations to industry standard linker-payloads and will evaluate the resulting ADCs in the in vitro cell assays. The most promising candidates will be prioritized for further development for the treatment of vimentin-positive and potential secondary targets in advanced or metastatic tumors.
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MGY | Hot Stocks07:23 EST Magnolia Oil & Gas increases board size - Magnolia Oil & Gas announced that its board of directors has increased the size of the board from seven to eight directors and has appointed David Khani as an independent director of the board, effective immediately. Khani will serve as a member of the Audit Committee.
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FAZE | Hot Stocks07:22 EST FaZe Clan launches 'FaZe Fridays' franchise - FaZe Holdings announces plans for "FaZe Fridays," its weekly gaming tournament to continue throughout 2024 after seeing massive viewership and engagement numbers in the first four events. The talent-driven live event series created for gamers, by gamers is set to award over $1 million in cash prizes throughout the year, provided by key partners and sponsors. Additionally, the new series unlocks an expected multimillion-dollar revenue opportunity for FaZe Clan. FaZe Fridays brings the Internet's favorite gamers, creators, and streamers together to compete for cash prizes of $25,000 each week. FaZe will host the live-streamed gaming tournament on Fridays throughout 2024 with a total prize pool of $1 million up for grabs. The weekly prize will be provided by key partners and sponsors such as Xfinity, who sponsored the first four events over December and January and will continue as a sponsor for the upcoming tournaments. Hosts and casters must meet exclusive criteria to be selected to participate in FaZe Fridays. Viewers can expect to see participants play their favorite trending games, from Call of Duty, Fortnite and more. Some tournaments may include a combination of online and LAN. FaZe Fridays was first teased at the end of 2023 with the first four tournaments sponsored by Xfinity and the reception has been amazing. Already, the viewership for FaZe Fridays has surpassed 82 million minutes watched and over 20 million impressions across social media platforms.
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CMCXF | Hot Stocks07:21 EST CMC Metals acquires Amy, Silverknife properties, additional Mineral Tenure - CMC Metals has completed the final payment on the Silverknife and Amy Properties and also acquired an additional Mineral Tenure at Amy. The deal was completed on February 1, 2024 with the Optionor, Mr. Steven Scott a businessman and prospector. As a result, CMC is now a 100% owner of the aforementioned Properties as of the effective date of the Agreement. The original final payment of the option agreement was amended and subsequently a payment of 2,000,000 common shares, subject to a four month hold period from the effective date, was provided to Mr. Scott as the final payment. The Silverknife Property is located immediately west of Coeur Mining Inc. very high-grade silver-lead-zinc-critical minerals carbonate replacement deposit located in the emerging Rancheria Silver District in north-central British Columbia. CMC has only conducted preliminary exploration at the Silverknife Property and intends to focus future exploration efforts on the North Tootsee area of the Property. North Tootsee is underlain by limestones assigned to the McDame unit which are the host rock to the Silvertip mine located less than 2 kilometers to the east. CRD style deposits typically form in clusters, along structural corridors, and adjacent to intrusives such as granites/granodiorites which provide the heat source for the movement of mineralized fluids into overlying sediments such as limestones. Tootsee North is areally larger in size than the current footprint of the Silvertip mine, is located proximal to the heat source proven by CMC's small 2023 drilling program, and McDame is locally noted to be mineralized in showings just north of Silverknife. Future exploration efforts will include completion of road access to the Tootsee North area, trenching and ground geophysics to pinpoint structural zones that are highly prospective and would merit drilling. Amy is another high-grade silver-lead-zinc CRD target located just 8 kilometers to the west of the Silvertip mine. The property has a small non-compliant NI 43-101 high grade resource, which cannot be relied to any degree, but maybe an indicator of potential mineralization. High grade silver-lead-zinc mineralization within a limestone unit has also been verified in preliminary sampling efforts at surface by CMC. CMC intends to conduct a detailed mapping of the property and ground geophysics to pinpoint drill targets potentially for a winter drilling program. As previously stated, this deal also provides 100% rights to an additional mineral tenure located in the center of the Amy Property. The assignment of this tenure to CMC in essence removes the "hole of the donut" that existed at the Amy Property. The new tenure now results in total hectares at Amy of 1,038.51 hectares. Mr. Scott retains a 2% Conventional Royalty on the properties which is subject to a $1,000,000 buyout for a 1% interest of the Royalty that can be exercised at any time by CMC.
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FURY | Hot Stocks07:19 EST Fury Gold Mines announces results from drilling at Hinge Target - Fury Gold Mines provides the final set of results from the 12,000 metre 2023 drilling program at the Hinge Target, part of the high-grade Eau Claire gold project located in the Eeyou Istchee Territory, in the James Bay region of Quebec. The Hinge Target comprises a series of stacked gold-bearing quartz tourmaline veins concentrated within a 200m wide structurally controlled corridor. Highlights from these last five drill holes include 17.62g/t gold over 3.50m, and 22.20g/t gold over 0.50m from 23EC-082; 3.35g/t gold over 8.50m, and 2.24g/t gold over 7.50m from 23EC-079; and 5.49g/t gold over 3.50m from 23EC-078. The reported intercept from drill hole 23EC-082 of 17.62g/t gold over 3.50m is within 135m of surface and is completely open to surface and to the west, above the rest of the Hinge Target. "We remain encouraged by the final set of results out of the Hinge Target from our 2023 exploration program, as they continue to demonstrate the growth potential at Eau Claire and will be incorporated in our upcoming updated mineral resource estimate," commented Tim Clark, CEO of Fury. "Notably, these results are near surface which easily opens the target for further expansion. With just five holes still pending from the Percival Prospect remaining, we look forward to reporting the final results from our 2023 drilling program in the coming weeks."
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HUGE | Hot Stocks07:17 EST FSD Pharma says court of appeal dismisses motion for leave to appeal - FSD Pharma announced that the Court of Appeal for Ontario affirmed the Judgment entered by the Superior Court of Justice in the amount of CDN $2.81 million, plus $175,000, plus interest. An additional $5,000 in costs were awarded to FSD Pharma by the Court of Appeal in respect of Dr. Raza Bokhari's failed motion for leave to appeal. The Judgment confirmed Arbitration Awards in which the Arbitrator dismissed Dr. Raza Bokhari's claims for wrongful dismissal, and awarded FSD Pharma its fees and costs incurred in defending the arbitration. In December 2023, FSD Pharma filed a Petition to Confirm Arbitration Awards in the United States District Court for the Eastern District of Pennsylvania. This begins the process by which FSD Pharma will collect from Dr. Raza Bokhari the amounts awarded by the Arbitrator.
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TW | Hot Stocks07:17 EST Tradeweb Markets sees FY24 adjusted expenses: $755M - $805M - Tradeweb Markets sees FY24 adjusted expenses: $755M - 805M...Acquisition andrefinitiv transaction related depreciation and amortization expense: $142M; Assumed non-GAAP tax rate: ~24.5 - 25.5% and Cash costs of non-acquisition capital expenditures and capitalized software development: $75 - 83M; LSEG Market Data Contract Revenues: ~$80M or ~$90M in 2025...
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ADBRF | Hot Stocks07:16 EST Aldebaran Resources continues to expand mineralization at Altar project - Aldebaran Resources reports results from the first four drill holes of the 2023/2024 field campaign at the Altar copper-gold project in San Juan, Argentina. Due to snow constraints at the time of commencing the current field season, three of the holes were significant step-outs to test for the southern extension of mineralization within the large, conductive geophysical anomaly at Altar. As expected, those three holes did not intersect the porphyry intrusive rocks typically associated with the higher-grade mineralization at Altar United, however, they did intersect low- to moderate-grade mineralization in wall rocks that will add resources to a previously undrilled area. Hole ALD-23-234 was designed to test an area in the current resource model that was defined as waste due to lack of drilling. Hole ALD-23-234 successfully hit mineralization and will likely convert waste to resources in the upcoming mineral resource update for the project. Highlights: ALD-23-194EXT: 878.80 m of 0.32% CuEq from 296.00 m depth Including 180.00 m of 0.42% CuEq from 454.00 m depth; Including 36.00 m of 0.77% CuEq from 324.00 m depth. ALD-23-162EXT: 923.10 m of 0.26% CuEq from 356.00 m depth; Including 431.50 m of 0.31% CuEq from 747.00 m depth. ALD-23-166EXT: 773.80 m of 0.24% CuEq from 364.00 m depth. ALD-23-234: 177.10 m of 0.21% CuEq from 83.40 m depth; 728.00 m of 0.20% CuEq from 305.00 m depth. John Black, Chief Executive Officer of Aldebaran, commented as follows: "These first four holes add valuable information to our geological understanding of the Altar project. Holes ALD-23-162EXT, ALD-23-166EXT and ALD-23-194EXT have helped define the southern extents of the Altar United trend, while still adding substantial mineralization to Altar. Hole ALD-23-234 intersected a long run of mineralization in an area previously thought to be waste. This should add substantial value when we transition to a resource update later this year. When we commenced the field campaign in late 2023, our options for drill pad locations were restricted by several areas of the project still having substantial snowfall. We now have access to the entire project and we are currently drilling from more opportune locations to test the extent of the higher-grade mineralization previously encountered in the Altar United Trend and to continue growing the overall mineralized footprint of the Altar project."
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ASGOF | Hot Stocks07:16 EST Asante Gold provides operations, corporate update - Asante Gold Corporation provides an update on its operations and corporate activities. The Company will extend the Bibiani open pit LOM as a result of successful exploration and development at South Russel. The Starter Pit development has been initiated. Chirano open pit operations continue to be focused at Sariehu and Mamnao South pits, with extension of Mamnao North starting in February 2024. Underground mining continues at Akwaaba, Akoti, Tano, Suraw and Obra mines. Dave Anthony, President and CEO of Asante, stated, "We are pleased to have made positive developments at both Bibiani and Chirano in terms of project value and gold production. We look forward to successful completion of our current financing initiatives."
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TW | Hot Stocks07:14 EST Tradeweb Markets boosts dividend 11.1% to 10c per share - The Board of Directors declared a quarterly cash dividend of 10c per share of Class A common stock and Class B common stock, a 11.1% per share increase from prior year. The dividend will be payable on March 15 to stockholders of record as of March 1..
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EVGN | Hot Stocks07:14 EST Evogene and Verb Biotics partner in probiotic innovation - Evogene and Verb Biotics, a microbiome health ingredient company, entered into a collaboration agreement that will focus on the development of new strains of probiotic bacteria, which produce a highly sustainable quantity of microbial metabolites that improve human health and vitality. The collaboration will focus on identifying and enhancing the currently unknown genetic pathways in microbes that support the production of novel metabolites, using Evogene's MicroBoost AI tech-engine and Verb Biotics' extensive accumulated knowledge in the field of the microbiome. The probiotics market is expected to double and reach approximately $114B by 2031 from approximately $55B in 2022. The financial terms of the agreement are not disclosed.
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HEPS | Hot Stocks07:14 EST Hepsiburada announces eleven months' results of earthquake region program - D-MARKET Electronic Services & Trading, referred to herein as "Hepsiburada," announces the eleven months' results of its "Trade and Technology Empowerment for the Earthquake Region" program for the period from March 6, 2023 to February 1, 2024. Since the Program's launch in March 2023: The total number of active merchants operating in the earthquake region has reached approximately 16,400 with over 2,800 new businesses selling their products online through Hepsiburada. Active sellers in the earthquake region sold a total of 6.9 million products through 4.4 million orders, generating a trade volume exceeding TRY 3.5 billion. The trade volume generated by 3,299 women entrepreneurs and women's cooperatives reached TRY 272 million. In addition to its E-Commerce Specialization Centers in Adana and Hatay, Hepsiburada plans to open its third center in the first half of 2024. Through the E-Commerce Specialization Centers, Hepsiburada supports existing merchants and organizes training courses and programs for those who are new to the e-commerce market. Over a thousand merchants from the region have benefitted from such training courses. The Company has reached more than 4,000 children in the region through the Program's social responsibility activities. Hepsiburada, in association with the "Promise for Tomorrow Training Program", organized "E-Commerce, Entrepreneurship and Marketing" courses for third and fourth year university students in the provinces affected by the earthquakes. To date, one hundred young people participated in the training program to commemorate the centennial of the Republic of Turkiye. The Program is expected to last for two years as of its inception.
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QUTIF | Hot Stocks07:13 EST Questor Technology announces normal course issuer bid - Questor Technology announced that the TSX Venture Exchange has approved QST to commence a normal course issuer bid.The NCIB allows QST to purchase for cancellation up to 1,400,000 of its common shares, representing approximately 5 per cent of its issued and outstanding Shares as of January 29, 2024. As of close of business on January 29, 2024, the Company had 28,037,194 Shares issued and outstanding. Purchases under the NCIB will be made through the facilities of the TSXV or alternative trading systems in Canada at the prevailing market price at the time of purchase and in accordance with the TSXV rules for NCIBs. The NCIB will commence on February 9, 2024 and will terminate upon the earliest of February 7, 2025, the Company purchasing the maximum of 1,400,000 Shares, and the Company terminating the NCIB. Subject to exceptions for block purchases, NCIB will be limited to a maximum of 8,500 Shares per trading day, which represents 25% of the average daily trading volume on the TSXV of 34,002 for the six months ended December 31, 2023. All Shares acquired under the NCIB will be cancelled. QST's Board of Directors believes that, the common shares have recently traded in a price range that represents a substantial discount to the net asset value and does not fully reflect the underlying value of the Company's business. Accordingly, purchasing the Shares for cancellation under the NCIB may represent an attractive investment opportunity to enhance shareholder value and per share growth. The Company has, in connection with the NCIB, entered into an automatic share purchase plan with ATB Securities Inc., its designated broker, to enable QST to purchase Shares on the open market during blackout periods during which the Company would ordinarily not be permitted to purchase Shares. Purchases under the ASPP will be determined based on purchasing parameters set by QST in accordance with the rules of the TSXV, applicable securities laws and the terms of the ASPP. The ASPP has been pre-cleared by the TSXV and will become effective February 9, 2024, concurrently with the commencement of the NCIB. Although the Company presently intends to purchase Shares under its NCIB, there can be no assurances as to the precise number of Shares that will be purchased under the NCIB, if any. QST may discontinue purchases under the NCIB at any time, subject to compliance with applicable regulatory requirements.
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MBXBF | Hot Stocks07:12 EST Microbix Biosystems unveils test control for gastric ulcer disease pathogen - Microbix Biosystems announces that it is presenting results of a Quality Assessment Product for supporting the clinical use and accuracy of molecular tests for infection with Helicobacter pylori, the bacterial cause of stomach ulcers, at Labquality Days, a lab diagnostics conference taking place in Helsinki, Finland from February 8 to 10, 2024. Microbix developed its H. pylori QAP to resemble patient specimens, support the whole testing process, and contain all possible MDx test targets - stabilized and dessicated onto a Copan FLOQSwab to ensure stability at room temperature. Pavel Zhelev, lead author of the poster and Microbix's Director of Product Management, commented, "Our growing catalogue of whole-genome and room-temperature stable FLOQSwab-formatted QAPs continue to demonstrate their ability to support quality management on a wide range of molecular assays and instrument platforms - for validation, verification, and training, as external quality assessment samples, for lab QMS support, and as in-kit controls.."
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ULCC | Hot Stocks07:11 EST Frontier Group sees 2024 capacity up 12%-15% vs. 2023 - Capacity is anticipated to grow 12 to 15 percent compared to 2023 and adjusted pre-tax margin is expected to be 3 to 6 percent. Fuel costs are expected to be $2.70 to $2.80 per gallon based on the blended fuel curve on February 2, 2024. Adjusted CASM stage-length adjusted to 1,000 miles, is expected to be down 1 to 3 percent over the prior year. Pre-delivery deposits, net of refunds, are expected to be $20 to $50 million and other capital expenditures are expected to be $160 to $180 million.
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LTHCF | Hot Stocks07:10 EST Lithium Ionic reports assay results from Salinas Lithium Project - Lithium Ionic reports assay results from the Salinas Lithium Project, located approximately 100 kilometres north of its Feasibility-stage Bandeira lithium project and the Outro Lado lithium deposit. Blake Hylands, P.Geo., CEO of Lithium Ionic, commented, "These results represent a significant advancement in our drilling has delineated substantial extensions of mineralized pegmatites to the south-west, and the discovery of a new high-grade pegmatite to the North is particularly exciting as it is on trend with the large Lavra do Zoe historical mine working which were exploited over several decades. These findings reinforce the understanding of the mineralized pegmatites at Salinas. Our most recent potential of the Salinas Project to host large scale spodumene pegmatite mineralization."
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GRDI | Hot Stocks07:09 EST Griid Infrastructure to add 60 MW with bitcoin mining facility in Tennessee - GRIID Infrastructure announced plans to develop and operate a 60 MW bitcoin mining site in Tennessee. The new mining site will be located in Jackson, Tennessee on a 15-acre plot owned by the Company. The local utility, Jackson Energy Authority, has built a substation on the property to support the Company's plans to begin operations in 2024. "GRIID came to the Tennessee Valley because of the favorable business climate and the availability of reliable and affordable low-carbon electricity," said Trey Kelly, CEO of GRIID. "Thanks to the Tennessee Valley Authority and its affiliate, Jackson Energy Authority, we will increase our presence in TVA and further our investment in Tennessee. We are grateful to the city of Jackson - they've welcomed us with open arms."
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PLUG | Hot Stocks07:08 EST Plug Power starts production of liquid hydrogen at Tennessee plant - Plug Power has re-started operation of its hydrogen plant in Charleston, Tennessee, adding about ten tons per day of liquid hydrogen supply back onto the U.S. market. Plug also implemented design improvements to enhance overall plant efficiency. Plug's cryogenic trailer fleet will deliver liquid hydrogen from the Tennessee plant to Plug's pedestal customers throughout North America, with a high-density of users clustered throughout the Midwest and along the East Coast. "With the Tennessee plant coming back online, we have taken another step towards building a vertically integrated hydrogen network in North America," said Andy Marsh, Plug Power CEO. "In addition, we expect to have our joint venture plant in Louisiana to come online in the third quarter of 2024, adding another 15 TPD of liquid hydrogen capacity to the market."
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DCPH | Hot Stocks07:08 EST Deciphera sees NDA submission for Vimseltinib in 2Q24 - Deciphera expects to submit NDA for Vimseltinib in Q224 and MAA in Q324 in Tenosynovial Giant Cell Tumor TGCT...Results from exploratory ctDNA analysis from INTRIGUE Phase 3 study in 2L GISTpatients with mutations in KIT Exon 11+17/18 published in Nature Medicine; Final overall survival OS results from INTRIGUE study in 2L GIST patients presented at ASCO GI; Cash expected to fund operating and capital expenditures into 2H26...
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DCPH | Hot Stocks07:08 EST Deciphera sees NDA submission for Vimseltinib in 2Q24 - Deciphera expects to submit NDA for Vimseltinib in Q224 and MAA in Q324 in Tenosynovial Giant Cell Tumor TGCT...Results from exploratory ctDNA analysis from INTRIGUE Phase 3 study in 2L GISTpatients with mutations in KIT Exon 11+17/18 published in Nature Medicine; Final overall survival OS results from INTRIGUE study in 2L GIST patients presented at ASCO GI; Cash expected to fund operating and capital expenditures into 2H26...
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TCRX | Hot Stocks07:07 EST TScan Therapeutics appoints Pinchasik as VP, Clinical Development - TScan Therapeutics announced the appointment of Dawn Pinchasik, M.D., M.S., as Vice President, VP, Clinical Development. Dr. Pinchasik brings to TScan over a decade of experience in clinical development across the pharmaceutical and biotechnology industry. Prior to joining TScan, Dr. Pinchasik was the Senior Director, Early Development at ElevateBio, LLC, where she supported the internal pipeline and partnered programs for ElevateBio and the wholly owned subsidiary, Life Edit Therapeutics Inc.
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BTAI MRK | Hot Stocks07:07 EST BioXcel Therapeutics completes patient enrollment in Phase 2 trial of BXCL701 - BioXcel Therapeutics (BTAI) announced the completion of patient enrollment in the safety lead-in portion of the investigator-sponsored Phase 2 trial of BXCL701 in combination with KEYTRUDA in previously treated metastatic pancreatic ductal adenocarcinoma, PDAC. BioXcel Therapeutics, through its OnkosXcel Therapeutics immuno-oncology subsidiary, is collaborating with Georgetown Lombardi's Dr. Louis Weiner, director of the cancer center, and Dr. Benjamin Weinberg, the study's principal investigator. BioXcel Therapeutics and Merck & Co. (MRK) are providing BXCL701 and KEYTRUDA for the trial, respectively. "Pancreatic cancer represents a significant unmet medical need, ranking as the third-leading cause of cancer deaths, yet remains an exceptionally difficult cancer to treat. No novel therapies have emerged in decades, and overall survival for advanced disease has not improved in over 10 years," said Dr. Weiner. "Building on results from the preclinical work conducted in our lab, we are excited to evaluate BXCL701 in this important trial as a potential treatment for advanced pancreatic cancer."
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GXO | Hot Stocks07:05 EST GXO Logistics pilots AI-enhanced robotics in warehouse - GXO Logistics is partnering with California-based robotics developer Dexterity to pilot AI-enhanced robotics in a warehouse to make operations for a leading beauty brand safer and more efficient. GXO is working with Dexterity, which leverages AI to power robots with human-like capabilities to depalletize, label and repalletize packages, optimizing the inbound and outbound processes in the warehouse. Because these smart robots utilize AI, they require virtually no instructions or setup prior to implementation, and they self-train on the job, improving their performance with every pick. Deploying robotics for these functions increases operational efficiency and safety, while freeing up team members to focus on higher-value-add activity.
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HSDT | Hot Stocks07:05 EST Helius Medical announces alignment with FDA on registrational program - Helius Medical Technologies announced that it has concluded its interaction with the U.S. Food and Drug Administration, FDA, on optimizing the development plan for its stroke program which aims to evaluate the effects of cranial-nerve non-invasive neuromodulation, CN-NINM, delivered using PoNS Therapy on gait and dynamic balance in chronic stroke survivors. Helius' registrational program includes two controlled studies. The clinical program will leverage a randomized, controlled, double blinded investigator-initiated trial, led by Dr. Steven Kautz at the Medical University of South Carolina and a Company-sponsored study to enroll approximately 100 subjects. Dr. Kautz's IIT began enrollment of 60 participants in September 2023 with the collaboration of Dr. Mark Bowden at Brooks Rehabilitation as a second site. "Vetting the registrational program and design of our clinical studies with the FDA is an important milestone for Helius and meeting the agency's expectations will give us the most efficient path to delivering PoNS Therapy to stroke patients," said Dr. Antonella Favit-Van Pelt, Helius' Chief Medical Officer. "This development plan, which leverages early study results and real-world evidence from Canada, allows us to streamline the size, timeline, and cost of the registrational program and positions Helius on the best course toward potential FDA authorization under PoNS's breakthrough designation for stroke."
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CEVA | Hot Stocks07:03 EST Ceva: SKAIChips licenses RivieraWaves Bluetooth 5.4 IP - Ceva announced that SKAIChips Co. has licensed the RivieraWaves Bluetooth 5.4 IP for the development of an Electronic Shelf Label IC. Global technology intelligence firm ABI Research forecasts that the ESL market will grow from nearly 185M annual shipments in 2022 to nearly 560M units by 2027, with Bluetooth-enabled ESLs accounting for a growing portion of the overall market.
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LMPX | Hot Stocks07:03 EST LMP Automotive to issue shareholder liquidation distribution of 20c per share - LMP Automotive Holdings will issue a liquidating shareholder distribution of $0.20 per share on or about February 7, 2024, to all shareholders of record as of January 31, 2024 and provided a corporate update. The Company further announced that it's Chairman and Chief Executive Officer Sam Tawfik agreed to provide his management services to the Company without compensation commencing after March 1, 2024, and hold perfunctory office until expiration of Delaware dissolution period, filing of final Tax Returns and final Distributions, if any, are made. After the payment of the final dissolution costs and the resolution of any contingent, conditional or unmatured contractual claims of the Company, the Company anticipates that it will make another liquidating distribution to its shareholders payable upon surrender of the shares. Although the Company cannot project how much cash, if any, will remain after the completion of the final dissolution, the Company expects to issue one or more liquidating distributions, estimated to be in the second half of 2024, and ranging between $0.02 to $0.36 to its shareholders, which will be substantially comprised of an anticipated Income Tax Refund and potential Employee Retention Credits.
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XYL | Hot Stocks06:57 EST Xylem raises quarterly dividend 9% to 36c per share - The Board of Directors of Xylem has declared a first-quarter dividend of 36c per share, an increase of 9%. The dividend is payable on March 20 to shareholders of record as of February 21.
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CEIX | Hot Stocks06:54 EST Consol Energy sees FY24 capital expenditures $175M-$200M
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BP | Hot Stocks06:52 EST BP sees 2024 reported, underlying upstream production higher compared to 2023 - The company said, "bp expects both reported and underlying upstream production to be slightly higher compared with 2023. Within this, bp expects underlying production from oil production & operations to be higher and production from gas & low carbon energy to be lower. In its customers business, bp expects continued growth from convenience, including a full year contribution from TravelCenters of America; a stronger contribution from Castrol underpinned by volume growth in focus markets; and continued margin growth from bp pulse driven by higher energy sold. In addition, bp expects fuels margins to remain sensitive to the cost of supply. In products, bp expects a lower level of industry refining margins, with realized margins impacted by narrower North American heavy crude oil differentials. bp expects refinery turnaround activity to have a similar impact on both throughput and financial performance compared to 2023, with phasing of activity in 2024 heavily weighted towards the second half. bp expects the other businesses & corporate underlying annual charge to be around $1.0 billion for 2024. The charge may vary from quarter to quarter. bp expects the depreciation, depletion and amortization to be slightly higher than 2023. bp expects the underlying ETR for 2024 to be around 40% but it is sensitive to the impact that volatility in the current price environment may have on the geographical mix of the group's profits and losses. bp expects capital expenditure of around $16 billion, weighted to the first half. bp expects divestment and other proceeds of $2-3 billion in 2024, weighted towards the second half. Having realized $17.8 billion of divestment and other proceeds since the second quarter of 2020, bp continues to expect to reach $25 billion of divestment and other proceeds between the second half of 2020 and 2025. bp expects Gulf of Mexico oil spill payments for the year to be around $1.2 billion pre-tax including $1.1 billion pre-tax to be paid during the second quarter."
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PJT | Hot Stocks06:52 EST PJT Partners announces $500M share repurchase program - On February 5, 2024, the company's Board of Directors authorized a $500M repurchase program of the company's Class A common stock. This authorization replaces the existing repurchase program authorized on April 25, 2022.
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BP | Hot Stocks06:49 EST BP sees Q1 reported upstream production higher compared to Q4 - The company said, "Looking ahead, bp expects first quarter 2024 reported upstream production to be higher compared to fourth-quarter 2023. In its customers business, bp expects seasonally lower volumes across most businesses and the absence of one-off positive effects from the fourth quarter. In addition, bp expects fuels margins to remain sensitive to movements in cost of supply. In products, bp expects a significantly lower level of refinery turnaround activity compared to the fourth quarter. In addition, bp expects lower industry refining margins, with a larger reduction in realized margins due to narrower North American heavy crude oil differentials."
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ARVN PFE | Hot Stocks06:49 EST Arvinas, Pfizer: FDA grants Fast Track designation for ARV-471 - Arvinas (ARVN) and Pfizer (PFE) announced that the U.S. FDA has granted Fast Track designation for the investigation of vepdegestrant (ARV-471) for monotherapy in the treatment of adults with estrogen receptor positive/human growth epidermal growth factor 2 negative locally advanced or metastatic breast cancer previously treated with endocrine-based therapy. Vepdegestrant is a novel oral PROteolysis Targeting Chimera ER degrader that is being jointly developed by Arvinas and Pfizer.
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EH | Hot Stocks06:48 EST EHang cooperating with Government Agencies, GAC Group for low-altitude industry - EHang has signed a strategic cooperation agreement with the Management Committee of Guangzhou Airport Economic Zone, the Administrative Committee of Guangzhou Economic and Technological Development District and Guangzhou Automobile Group. All parties will leverage their respective strengths and resources to jointly create a low-altitude industry ecosystem, aiming to contribute to Guangzhou's leadership in the trillion-dollar low-altitude sector and facilitate the high-quality development of the low-altitude economy. strategic cooperation among Guangzhou Government Agencies, GAC Group and EHang. GAC Group and EHang will join forces in research and development, production, sales, and other areas to strengthen the low-altitude market. The Management Committee of Guangzhou Airport Economic Zone and the Guangzhou Development District Administrative Committee will initially focus on airspace management, infrastructure development and policy support to carry out the delineation of low-altitude airspace and air routes, establish low-altitude flight service stations, and promote deep cooperation between the government and enterprises.
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BP | Hot Stocks06:48 EST BP intends to execute further $1.75B share buyback - The company said, "A resilient dividend is bp's first priority within its disciplined financial frame, underpinned by a cash balance point of around $40 per barrel Brent, $11 per barrel RMM and $3 per mmBtu Henry Hub. For the fourth quarter, bp has announced a dividend per ordinary share of 7.270 cents, up 10% from the fourth quarter of 2022. bp continues to invest with discipline and a returns focused approach in our transition growth engines and in our oil, gas and refining businesses. For 2024 and 2025 we expect capital expenditure of around $16 billion per annum, in line with our medium term target of $14-18 billion. Related to the fourth quarter results, bp intends to execute a $1.75 billion share buyback prior to reporting first quarter results. Furthermore, bp is committed to announcing $3.5 billion for the first half of 2024. At current market conditions and subject to maintaining a strong investment grade credit rating, bp plans share buybacks of at least $14 billion through 2025 as part of our commitment, on a point forward basis, to returning at least 80% of surplus cash flow to shareholders."
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DNOW | Hot Stocks06:47 EST DNOW Inc. to acquire Whitco Supply in all-cash transaction - DNOW Inc. announced it has entered into an agreement to acquire Whitco Supply in an all-cash transaction, subject to regulatory approvals and other customary closing conditions. At this time, both companies will remain independent and operate separately. Further information will be provided after the conclusion of the regulatory approval process and other customary closing conditions. Founded in 2003 by the Dawes family, Whitco Supply provides energy products and solutions to the midstream market, as well as the broader energy sectors. Headquartered in Broussard, LA, Whitco Supply has approximately 230 employees across eight locations in the United States.
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J | Hot Stocks06:45 EST Jacobs increases quarterly dividend 11.5%
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FSR | Hot Stocks06:41 EST Fisker to release Ocean OS 2.0 software update - Fisker announced it will commence its first over-the-air software update of 2024 for the Fisker Ocean all-electric SUV next week. The Ocean OS 2.0 OTA update includes performance and powertrain improvements, enhancements for SolarSky, improved energy management, and other user experience improvements. The update will be available to owners in all of Fisker's launch markets in North America and Europe. Starting next week and continuing through February, the company expects to make Ocean OS 2.0 available to owners via a sequence of three OTA updates. This progressive OTA update follows update Version 1.11 which was released in December 2023. Additional OTA updates are planned throughout 2024.
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UBS | Hot Stocks06:37 EST UBS expects Q1 revenues to be 'positively influenced' by seasonal factors - "Central banks are widely expected to lower short-term interest rates in 2024. The timing and magnitude of such cuts are still highly uncertain, given the ongoing debate around the pace of inflation converging with central bank targets. In addition, ongoing geopolitical tensions, including the conflicts in the Middle East and Eastern Europe, may impact supply chains and inflation, with consequences for the macroeconomic outlook and market volatility. Notwithstanding the challenges mentioned above, we continue to execute on our strategy and integration plans at pace, and we will actively reduce non-core assets and costs. In the first quarter of 2024, we expect revenues to be positively influenced by seasonal factors, such as higher client activity levels compared with the fourth quarter of 2023. We also expect the Investment Bank to return to profitability, due to improving market activity, a growing banking pipeline and advanced progress on the integration. We expect NII for Personal & Corporate Banking and Global Wealth Management combined, and in US dollar terms, to be roughly flat sequentially in the first quarter, with higher rates broadly offsetting the residual effects of deposit mix shifts and the initial impact of financial resource optimization. These factors are expected to result in substantial sequential improvement in reported net profit in the first quarter, including around USD 1bn of integration-related expenses and around USD 0.7bn of pull to par and other purchase price allocation accretion effects. Our focus remains on helping clients navigate challenging market environments to manage the inherent risks and opportunities while continuing to grow our invested assets and delivering on our financial targets.
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UBS | Hot Stocks06:34 EST UBS board to propose 2023 dividend of 70c per share - For 2023, the Board of Directors intends to propose a dividend to UBS Group AG shareholders of USD 0.70 per share, a 27% increase YoY. Subject to approval at the Annual General Meeting, scheduled for 24 April 2024, the dividend will be paid on 3 May 2024 to shareholders of record on 2 May 2024. The ex-dividend date will be 30 April 2024.
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UBS | Hot Stocks06:33 EST UBS reiterates 15% underlying RoCET1 target by end of 2026 - In it's investor update highlights, UBS said, "Re-iterating ~15% underlying RoCET1 and less than70% underlying cost/income ratio exit rate targets by end-2026; well positioned to deliver long-term growth and higher returns with ~18% reported RoCET1 in 2028; Targeting USD ~13bn gross cost reductions by end-2026; ~50% of cumulative exit rate gross cost reductions expected by end-2024; Cost savings to provide necessary capacity for reinvestment to reinforce the resilience of our combined infrastructure as we absorb Credit Suisse and to drive sustainable growth; Ambition to surpass USD 5trn of invested assets in GWM by 2028, with USD ~100bn of NNA per annum through 2025, building to USD ~200bn per annum by 2028; NCL actively run down; underlying operating expenses expected to be USD less than1bn and underlying loss before tax expected to be USD ~1bn by end-2026; RWA expected to be around 5% of Group RWA; Optimizing financial resources to enable sustainable growth and higher returns; USD ~510bn of RWA expected by end-2026; expecting USD ~45bn of RWA reductions in NCL and USD ~15bn of business-led RWA reductions in core divisions from actions to improve capital efficiency; Basel 3 finalization and migrating Credit Suisse's portfolios to UBS risk models are expected to increase RWAs in the core divisions by USD 25bn; Expecting up to USD 1bn of funding cost saves by 2026 relative to 2023 levels as a result of lower funding needs, diversified and more stable funding sources, and disciplined deposit pricing; Merger of UBS AG and Credit Suisse AG planned to be completed by the end of 2Q24 and merger of UBS Switzerland AG and Credit Suisse AG entities planned before the end of 3Q24, which is a critical step in enabling us to unlock the next phase of the cost, capital and funding synergies we expect to realize in 2025 and 2026; Delivering attractive capital returns; planning to reinstate share repurchases after completion of UBS AG and Credit Suisse AG merger, with up to USD 1bn in 2024, committed to progressive dividends and accruing for a mid-teen percentage increase in the dividend per share for 2024; ambition for FY26 share repurchases to exceed FY22 levels."
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VIAO | Hot Stocks06:33 EST VIA Optronics names Dr. Jasmin Wagner as Chief Marketing Officer - VIA optronics announced that it has appointed Dr. Jasmin Wagner as Chief Marketing Officer. In this senior leadership role, Jasmin will report to Roland Chochoiek, CEO of VIA optronics. Prior to joining VIA optronics, Wagner served as Head of Strategy at RAUMEDIC and Head of Inhouse Consulting at REHAU.
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TM | Hot Stocks06:23 EST Toyota sees FY24 group vehicle sales 11.23M units
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TPC | Hot Stocks06:19 EST Tutor Perini's Five Star Electric awarded $67M contract by New York's MTA - Tutor Perin's subsidiary Five Star Electric has been awarded a systems installation and integration project by the New York Metropolitan Transportation Authority - MTA - Construction and Development valued at approximately $67M for the Connection-Oriented Ethernet, Phase 3C project. The project scope of work includes the replacement of approximately 150,000 feet of fiber optic cable; interconnecting and integrating more than 360 branch sites into MTA's network; connecting, testing and integrating existing service delivery switches at more than 150 branch sites; and integrating existing closed circuit television cameras at 125 stations. Substantial completion is anticipated in late 2028. The contract value will be included in the company's backlog beginning in 4Q3.
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UCAR | Hot Stocks06:17 EST U Power signs MoU with Cornerstone to explore new energy charging equipment - U Power announced that it has signed a memorandum of understanding, or MoU, with Cornerstone Technologies, a EV charging solution provider and charge point operator based in Hong Kong, to jointly explore and develop a strategic business relationship. Pursuant to the MoU, U Power and Cornerstone intend to jointly assess and promote the application of new energy charging equipment and EV product solutions, such as battery swapping stations and other charging equipment to provide effective and sustainable solutions in Hong Kong and the Southeast Asia region. In addition, both parties have agreed to explore the possibility of investing into a joint venture for the business.
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GSK | Hot Stocks06:16 EST GSK says application for Shingrix accepted for review in China - GSK plc announced that the Center for Drug Evaluation of the China National Medical Products Administration, or NMPA, has accepted for review the regulatory application of Shingrix for the prevention of shingles in adults aged 18 years and over at increased risk. The NMPA application is informed by six clinical trials in patients aged 18 years and over who had undergone recent blood-forming cells transplantation, kidney transplant, or have blood cancer, solid tumour, or HIV, the company stated.
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GSK | Hot Stocks06:12 EST GSK says application accepted under FDA Priority Review for RSV vaccine - GSK plc announced that the U.S. Food and Drug Administration has accepted under Priority Review an application to extend the indication of GSK's adjuvanted respiratory syncytial virus, or RSV, vaccine to adults aged 50-59 who are at increased risk for RSV disease. "If approved, GSK's RSV vaccine would be the first vaccine available to help protect this population. Arexvy is currently approved in the US in adults aged 60 and over for the prevention of lower respiratory tract disease caused by RSV," the company stated. GSK used a Priority Review Voucher to reduce the U.S. FDA review period of a supplemental Biologics License Application, or sBLA, by four months. The Prescription Drug User Fee Act date, the FDA action date for their regulatory decision, is June 7, 2024.
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GSK | Hot Stocks06:11 EST GSK says application accepted under FDA Priority Review for RSV vaccine - GSK plc announced that the U.S. Food and Drug Administration has accepted under Priority Review an application to extend the indication of GSK's adjuvanted respiratory syncytial virus, or RSV, vaccine to adults aged 50-59 who are at increased risk for RSV disease. "If approved, GSK's RSV vaccine would be the first vaccine available to help protect this population. Arexvy is currently approved in the US in adults aged 60 and over for the prevention of lower respiratory tract disease caused by RSV," the company stated.
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NTDOY | Hot Stocks06:10 EST Nintendo reports 9M hardware units sold 13.74M, down 7.8% y-o-y - The company said, "Regarding the Nintendo Switch business during the nine months ended December 31, 2023, Super Mario Bros. Wonder, the first entirely new installment in the side-scrolling Super Mario Bros. series in almost 11 years, saw a solid start with sales of 11.96 million units. Sales also grew for other new titles released this fiscal year, with The Legend of Zelda: Tears of the Kingdom selling 20.28 million units and Pikmin 4 selling 3.33 million units. In addition, the April release of The Super Mario Bros. Movie positively impacted sales of Mario related titles, such as Mario Kart 8 Deluxe which recorded sales of 6.79 million units. As a result of these factors, the total number of million-seller titles during this period was 24, including titles from other software publishers. Sales of Nintendo Switch continued to be steady in the seventh year since its launch, with hardware sales totaling 13.74 million units, a decrease of 7.8% year-on-year, and software sales totaling 163.95 million units, for the period.Turning to the digital business for our dedicated video game platform, downloadable versions of packaged software and add-on content for Nintendo Switch sold well, and sales related to Nintendo Switch Online also increased. Digital sales reached 346.4billion yen, up 11.7% year-on-year, helped also by the depreciation of the yen. In the mobile and IP related business, sales totaled 75.2 billion yen, bolstered mainly by the generation of revenue related to The Super Mario Bros. Movie during this term. The end result is that overall sales reached 1,394.7 billion yen, with sales outside Japan of 1,097.5 billion yen accounting for 78.7% of the total. Operating profit came to 464.4 billion yen, ordinary profit was 567.3 billion yen, and profit attributable to owners of parent totaled 408.0 billion yen."
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DD | Hot Stocks06:08 EST DuPont increases quarterly dividend 6% to 38c per share - The company also announced that its board of directors has declared a first quarter dividend of 38c per share on its outstanding common stock, representing a 6% increase to its quarterly dividend, payable March 15 to holders of record at the close of business on February 29.
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DD | Hot Stocks06:07 EST DuPont announces new $1B share repurchase program - DuPont announced completion of the $2B accelerated share repurchase, or ASR, transaction launched in September 2023 which completes its $5B share repurchase program announced in November 2022. In connection with completion of the $2B ASR transaction, DuPont received and retired in the first quarter of 2024 an additional 6.7M shares of its common stock. In total for the $2B ASR transaction, DuPont received and retired 27.9M shares of its common stock. Additionally, DuPont announced that its board of directors approved a new share repurchase program authorizing the repurchase and retirement of up to $1B of common stock. DuPont intends to enter into ASR transactions under the $1B Program beginning with an ASR transaction expected to be launched imminently to repurchase in aggregate $500 million of common stock. DuPont expects to complete the $1B Program by the end of 2024. Under the $1B Program, repurchases may be made from time to time on the open market at prevailing market prices or in privately negotiated transactions off market. The $1B Program terminates on June 30, 2025, unless extended or shortened by the Board of Directors. The timing and number of shares to be repurchased will depend on factors such as the share price, economic and market conditions, and corporate and regulatory requirements.
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CSCO NVDA | Hot Stocks06:06 EST Cisco, Nvidia team to help enterprises build in-house AI computing - Cisco (CSCO) and NVIDIA (NVDA) earlier announced plans to deliver AI infrastructure solutions for the data center that are easy to deploy and manage, enabling the massive computing power that enterprises need to succeed in the AI era. "AI is fundamentally changing how we work and live, and history has shown that a shift of this magnitude is going to require enterprises to rethink and re-architect their infrastructures," said Chuck Robbins, Chair and CEO, Cisco. "Strengthening our great partnership with NVIDIA is going to arm enterprises with the technology and the expertise they need to build, deploy, manage, and secure AI solutions at scale." "Companies everywhere are racing to transform their businesses with generative AI," said Jensen Huang, founder and CEO of NVIDIA. "Working closely with Cisco, we're making it easier than ever for enterprises to obtain the infrastructure they need to benefit from AI, the most powerful technology force of our lifetime."
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RTX | Hot Stocks06:02 EST RTX discloses SEC subpoenas related to engine recall - In a regulatory filing, RTX disclosed that on November 7, 2023 and January 30, 2024, the company received subpoenas from the SEC seeking engineering, operational, organizational, accounting, and financial documents in connection with an investigation relating to the company's disclosures in 2023 of issues arising from Pratt & Whitney's use of powder metal in manufacturing various engine parts, its identification of certain risks associated with those manufacturing processes, and corrective actions identified by Pratt & Whitney to mitigate those risks. The company is cooperating with the SEC and is responding to the subpoenas.
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CHKP | Hot Stocks05:58 EST Check Point initiates succession process to hire new CEO - "In 2023 Check Point hit the 30-year milestone as a company. We have delivered 30 years of growth and achieved record highs in almost every parameter for the year. We have an incredibly strong security platform with a super-strong team around the world and proven execution. I feel it is the right time for me to focus on the evolution of Check Point and its next stage. I intend to transition into the role of Executive Chairman charting the future of Check Point and the cyber security market. We're initiating the succession process to hire a new CEO, and once completed I will transition into my new position as Executive Chairman. I'm excited to enter 2024 with a great technology pipeline, and a fully energized global team that is ready to deliver a bright and secure future for our customers," CEO Gil Shwed reports.
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WDC | Hot Stocks05:37 EST Western Digital, Kioxia Corporation jv facilities to receive 150B yen subsidy - Kioxia Corporation and Western Digital announced that their joint venture manufacturing facilities at Yokkaichi and Kitakami plants have been approved to receive an up to 150B yen subsidy, including facilities that will produce its latest generation of 3D flash memory based on the innovative wafer bonding technology and future generation advanced nodes. The subsidy will be granted under a designated government program aimed at facilitating corporate investment in cutting-edge semiconductor production facilities and securing stable production of semiconductors in Japan. This marks the second time that Kioxia's and Western Digital's joint venture manufacturing facilities are receiving this subsidy from the Japanese government. Previously, the joint venture manufacturing facility at Yokkaichi was approved to receive up to 92.9B yen subsidy from the Japanese government in 2022. Leveraging an over 20-year joint venture partnership, Kioxia and Western Digital will continue to enhance the development and production capabilities of cutting-edge flash memory at the Yokkaichi and Kitakami plants in Japan. In addition, the two companies will contribute to the development of semiconductor-related industries and talent.
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COTY | Hot Stocks05:32 EST Coty, Marni announce new licensing agreement - Coty and Marni announced a new licensing agreement to develop, produce, and distribute a line of fragrances and beauty products beyond 2040. This new agreement solidifies Coty's commitment to strengthening its presence in the luxury fragrance segment through a long-term partnership with Marni, establishing a coalition grounded in shared values of expertise, innovation and forward-thinking creativity.
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AUDC | Hot Stocks05:27 EST AudioCodes declares 18c per share cash dividend - AudioCodes also announced that the company's board of directors has declared a cash dividend in the amount of 18c per share. The aggregate amount of the dividend is approximately $5.5M. The dividend is payable on March 6 to all of the company's shareholders of record at the close of trading on the Nasdaq Global Select Market on February 20. In accordance with Israeli tax law, the dividend is subject to withholding tax at source at the rate of 25% of the dividend amount payable to each shareholder of record, subject to applicable exemptions.
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UMC | Hot Stocks05:21 EST UMC reports January revenue NT$19.01M, down 2.94%
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JKS | Hot Stocks05:14 EST JinkoSolar announces TOPCon patent license agreement - JinkoSolar announced its affiliated company has recently signed a TOPCon patent license agreement with one of the world's top five solar cell companies, granting rights to certain of its N-type TOPCon related patents to Licensee for a fee, allowing Licensee to use certain JinkoSolar's patented TOPCon technologies in its relevant TOPCon products. This agreement follows the agreement signed with one of the world's top ten solar module companies as announced on January 5. With one of the largest number of granted N-type TOPCon patents, JinkoSolar is a leader in N-type TOPCon technology. The company is fully focused on sustaining its technical leadership based on its extensive intellectual property rights.
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