Stockwinners Market Radar for February 26, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
VCYT | Hot Stocks20:04 EST Cathie Wood's ARK Investment bought 154K shares of Veracyte today
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TXG | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 157K shares of 10x Genomics today
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CAVA | Hot Stocks19:50 EST Cava Group up 5% at $52.90 after Q4 earnings and outlook
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TGL | Hot Stocks19:50 EST Treasure Global Inc trading halted, news pending
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CAVA | Hot Stocks19:50 EST Cava Group sees FY24 adjusted EBITDA $86M-$92M vs. $73.8M in FY23 - Sees FY24 Net New CAVA Restaurant Openings 48 to 52 vs. 72 in FY23, CAVA Same Restaurant Sales Growth of 3.0% to 5.0% vs. 17.9% in FY23, and CAVA Restaurant-Level Profit Margin of 22.7% to 23.3% vs. 24.8% in FY23.
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PHUN | Hot Stocks19:50 EST Phunware trading halted, news pending
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AUUD | Hot Stocks19:50 EST Auddia Inc trading halted, news pending
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BROS | Hot Stocks19:12 EST Dutch Bros chairman sells $26.6M in common stock - In a regulatory filing, Dutch Bros disclosed that its Executive Chairman Travis Boersma sold 941K shares of common stock on February 22nd as part of an option exercise in a total transaction size of $26.6M.
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PCOR | Hot Stocks19:09 EST Procore CEO sells $4.82M in common stock - In a regulatory filing, Procore disclosed that its CEO Craig Courtemanche sold 65.2K shares of common stock on February 22nd in a total transaction size of $4.82M.
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QTRX | Hot Stocks19:00 EST Quanterix reschedules Q4 call, reaffirms 2023 guidance - Quanterix announced that it has rescheduled the release of its financial results for the fourth quarter and year ended December 31, 2023 and the associated conference call in order to more closely align the release of such results with the filing of its Annual Report on Form 10-K for the year ended December 31, 2023, the deadline for which is February 29, 2024. The investor call will now be held on Thursday, February 29, 2024. Quanterix expects 2023 revenue, gross margin and cash usage to be in line with guidance provided on January 10, 2024. Quanterix expects to issue a press release regarding its fourth quarter 2023 and full year 2023 financial results prior to the conference call.
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CVNA | Hot Stocks18:45 EST Carvana general counsel Breaux sells 15,000 class A shares - In a regulatory filing, Carvana general counsel Paul Breaux disclosed the sale of 15,000 class A common shares of the company on February 23 at a price of $69 per share.
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ROKU | Hot Stocks18:42 EST Roku exec Collier sells 12,277 class A shares - In a regulatory filing, Roku exec Charlies Collier disclosed the sale of 12,277 class A common shares of the company on February 22 at a price of $65.06 per share.
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KZR | Hot Stocks18:13 EST Everest Medicines, Kezar Life Sciences get China IND approval for PALIZADE trial - Everest Medicines and Kezar Life Sciences (KZR) "announced that the Center for Drug Evaluation of China's National Medical Products Administration approved Kezar's investigational new drug application for initiation of the Phase 2b PALIZADE trial in China of zetomipzomib in patients with lupus nephritis, or LN. Zetomipzomib is a novel, first-in-class, selective immunoproteasome inhibitor with broad therapeutic potential across multiple autoimmune diseases. Everest will join Kezar and enroll patients in China as part of the ongoing PALIZADE trial, a global, placebo-controlled Phase 2b clinical trial evaluating the efficacy and safety of two dose levels of zetomipzomib or placebo in patients with active LN. In September 2023, Everest obtained exclusive rights to develop and commercialize zetomipzomib in Greater China, South Korea and Southeast Asia. LN is the most common secondary immune-mediated glomerular disease, which may gradually lead to kidney failure. There are an estimated 400,000-600,000 LN patients in China."
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META | Hot Stocks17:48 EST Meta activates dedicated team to counter disinformation, AI abuse in EU election - "Meta has been preparing for the EU Parliament elections for a long time. Last year, we activated a dedicated team to develop a tailored approach to help preserve the integrity of these elections on our platforms...These lessons help us focus our teams, technologies, and investments so they will have the greatest impact...Over the last eight years, we've rolled out industry-leading transparency tools for ads about social issues, elections or politics, developed comprehensive policies to prevent election interference and voter fraud, and built the largest third party fact-checking program of any social media platform to help combat the spread of misinformation. More recently, we have committed to taking a responsible approach to new technologies like GenAI. We'll be drawing on all of these resources in the run-up to the election. As the election approaches, we'll also activate an EU-specific Elections Operations Center, bringing together experts from across the company from our intelligence, data science, engineering, research, operations, content policy and legal teams to identify potential threats and put specific mitigations in place across our apps and technologies in real time...," said Meta Platforms in part, in an earlier blog posting. Reference Link
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ZM | Hot Stocks17:42 EST Zoom Video sees FY25 gross margin 79%, reflecting investment in AI features - Sees Q1 deferred revenue down 4%-5%. Says guidance assumes no changes in macroenvironment. Says pleased with churn metric. Says has seen new customers coming for contact center. Says excited about strength and growth of Zoom Phone. Comments taken from Q4 earnings conference call.
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U | Hot Stocks17:40 EST Unity says 2023 comparable base starts with $1.7B in revenue, $274M in EBITDA - Says had this onetime gain from wet foreign exchange. Says showed that at $99M in revenue, for example. Says had a $102M benefit in EBITDA. Says you have to take that into account because that's a onetime gain. Says portfolio changes were $283M in 2023. Says most of that is in growth, a small portion to be precise, EUR 15M is within growth, which is the Luna business. Says have to take that into account that operated at a significant loss, which is why the company is exiting these businesses because it could not create a return. Says did not quantify that because it's not audited, but it's a very significant number. Says customer credits which was $72M in revenue and $72M in EBITDA at so if you really look at the comparable base for 2023, you should start with $1.7B in revenue and $274M in EBITDA. Comments taken from Q4 earnings conference call.
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AMH... | Hot Stocks17:29 EST American Homes 4 Rent to replace Physicians Realty Trust in the S&P 400 - American Homes 4 Rent (AMH) will replace Physicians Realty Trust (DOC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, March 1. S&P 500 constituent Healthpeak Properties (PEAK) is acquiring Physicians Realty Trust in a deal expected to be completed soon pending final conditions. Post-merger, Healthpeak Properties will have a symbol change from PEAK to DOC.
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EFC | Hot Stocks17:24 EST Ellington Financial says will recommend to cut monthly dividend to 13c from 15c - CEO Laurence Penn stated: "Our adjusted distributable earnings did drop during the quarter, but it should recover as Longbridge continues to build back towards profitability, as we work out a few nonperforming commercial mortgage loans and REO assets, and as we continue to deploy new capital and rotate capital into higher-yielding sectors. That said, management expects to recommend to the board a reduction of the monthly dividend from $0.15 to $0.13 per share, beginning in March. Notably, this is just $0.01 below the $0.14 per share monthly dividend level we set five years ago, when we first shifted from a quarterly to a monthly dividend. Looking ahead, our diversified capital base now includes the common equity, low-cost preferred equity and unsecured debt added through the merger. This diversified capital base, together with our ample liquidity and additional untapped borrowing capacity, should allow us to capitalize on the many attractive investment opportunities we are seeing, including high-yielding lending opportunities in our proprietary loan pipelines and distressed situations in commercial real estate debt."
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EXPE | Hot Stocks17:12 EST Expedia to cut 1,500 employees, sees $80M-$100M in restructuring charges - Expedia Group committed to restructuring actions to recalibrate resources in light of the Company's organizational and technological transformation. Subject to compliance with local consultation obligations where applicable, the restructuring actions are expected to result in a workforce reduction impacting approximately 1,500 employees and the communication of such actions to a portion of affected employees was commenced on February 26, 2024. Total pre-tax charges and cash expenditures associated with the restructuring actions, all of which are expected to be recorded in 2024, are expected to be $80M to $100M and are predominately employee severance and compensation benefits costs. This information was made available in a company 8k filing..Reference Link
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JANX | Hot Stocks16:58 EST Janux Therapeutics up 95% at $29.47 after updates on its clinical data - Shares of Janux Therapeutics are up 95% at $29.47 after the company presented "encouraging" safety and efficacy Data in ongoing dose escalation trials for PSMAxCD3-TRACTr JANX007 in mCRPC and EGFRxCD3-TRACTr JANX008 in Solid Tumors . The company stated: "JANX007 is in a Phase 1a clinical trial in subjects with advanced or metastatic prostate cancer (mCRPC). The subjects enrolled in the trial were heavily pre-treated with a median of 4+ lines of therapy. As of February 12, 2024, 23 subjects were treated with JANX007 in the dose escalation portion of the Phase 1a clinical trial. An increasing depth of PSA declines and RECIST responses at higher doses were observed, while a favorable safety profile was maintained. At a starting dose greater than or equal to 0.1 mg, 14 of 18 (78%) subjects achieved PSA30 declines and 10 of 18 (56%) subjects achieved PSA50 declines. At a starting step dose of greater than or equal to 0.2 mg, 6 of 6 (100%) subjects achieved PSA30 declines and 5 of 6 (83%) subjects achieved PSA50 declines. Initial step doses of JANX007 greater than or equal to 0.2 mg drove deeper and more durable PSA responses, including one subject that achieved a PSA90 decline. Cytokine Release Syndrome (CRS) was observed to be temporary and mild, presenting only as low-grade 1 or 2 events, and was quickly managed with treatment. These incidents of CRS were mainly reported during the first treatment cycle, with no subsequent occurrences in later cycles. Similarly, the majority of treatment-related adverse events (TRAEs) not associated with CRS were of low severity (Grade 1 or 2) and also primarily occurred in the initial cycle. There was a low incidence of Grade 3 TRAEs, and no Grade 4 or 5 events were observed. JANX007 has been administered at doses up to 3mg, significantly exceeding the anticipated maximum tolerable dose for the parental T cell engager, while the maximum tolerable dose for the TRACTr has not yet been established. Based on this safety profile, we are continuing dose optimization for JANX007 with the goal of further deepening PSA responses, while maintaining a favorable safety profile. Janux anticipates providing an update on doses for expansion in the second half of 2024. JANX008 is in a Phase 1a clinical trial in subjects with advanced or metastatic solid tumors known to express high levels of the EGFR target, including colorectal cancer (CRC), squamous cell carcinoma of the head and neck (SCCHN), non-small cell lung cancer (NSCLC), and renal cell carcinoma (RCC). As of February 12, 2024, 11 heavily pre-treated, late-stage subjects across all four tumor types have been enrolled. Encouraging signs of clinical activity were observed, while a favorable safety profile was maintained. In one subject with NSCLC treated with JANX008 at 0.15mg once-weekly, a confirmed partial response (PR) by RECIST criteria with 100% reduction of the target lung lesion and elimination of liver metastasis with no CRS or TRAEs has been observed. This subject remains on treatment and their PR has been maintained through their week-18 scan. One subject with RCC experienced a 12% reduction in the size of a large RCC mass and significant clinical benefit with Grade 1 CRS. The early safety profile for JANX008 is consistent with the TRACTr design principles of tumor-specific activation while avoiding healthy tissue toxicity with a broadly expressed target. In the 11 subjects enrolled at doses up to 1.25mg, which is significantly above the projected maximum tolerable dose of the parental T cell engager, Grade 1 CRS was observed in only two subjects and no Grade 2 or higher CRS was seen. The majority of non-CRS TRAEs were also low-Grade 1 or 2 and occurred predominantly in cycle one. No treatment related serious adverse events or dose-limiting toxicities have been observed. Based on this safety profile, we are continuing in the dose escalation and optimization portion of the trial for JANX008."
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EVER | Hot Stocks16:53 EST EverQuote jumps 15% to $19.70 after Q4 results, above-consensus guidance
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CVX... | Hot Stocks16:53 EST Chevron, Hess in talks with Exxon, CNOOC over right of first refusal provision - In a regulatory filing, Chevron (CVX) said that it may not complete the acquisition of Hess Corporation (HES) within the time frame the company anticipates or at all, which could have adverse effects on Chevron. The completion of the acquisition of Hess Corporation is subject to a number of conditions, including regulatory approvals and approval by Hess stockholders of the adoption of the merger agreement. Additionally, Hess and Chevron have been engaged in discussions with Exxon Mobil Corporation (XOM) and China National Offshore Oil Corporation, or CNOOC, regarding a right of first refusal provision in the joint operating agreement for the Stabroek Block offshore Guyana. If these discussions do not result in an acceptable resolution and arbitration (if pursued) does not result in a confirmation that such right of first refusal provision is inapplicable to the merger, then there would be a failure of a closing condition under the Merger Agreement, in which case the merger would not close. For additional information, please see the section entitled "The Merger-Stabroek JOA" in Chevron's preliminary registration statement on Form S-4 to be filed on February 26, 2024. Further, on December 7, 2023, Chevron and Hess each received a request for additional information and documentary materials (Second Request) from the Federal Trade Commission (FTC) in connection with the FTC's review of the merger. Issuance of the Second Request extends the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, until 30 days after Chevron and Hess have substantially complied with the Second Request, unless that period is extended voluntarily by Chevron and Hess or terminated sooner by the FTC.
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TCBK | Hot Stocks16:50 EST TriCo Bancshares raises quarterly dividend 10% to 33c per share - The dividend is payable on March 22, 2024, to holders of record on March 8, 2024.
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CRH | Hot Stocks16:38 EST CRH to acquire Adbri in Australia - CRH and Adbri have entered into a binding agreement under which CRH will acquire the remaining 57% of the ordinary shares of Adbri not owned by Barro for the previously agreed cash consideration of A$3.20 per share. The Offer values Adbri at an equity valuation of A$2.1B on a 100% basis and values the approximately 53% of issued share capital that the Partners do not currently have an interest in and which CRH has agreed to acquire at A$1.1B. Albert Manifold, Chief Executive of CRH, said: "We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family. Adbri is an attractive business with high-quality assets and leading market positions that complement our core competencies in cement, concrete and aggregates while creating additional opportunities for growth and development for our existing Australian business. We look forward to working with the Barro family over the coming years to enhance the long-term growth and performance of Adbri."
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LAAC | Hot Stocks16:36 EST Lithium Argentina appoints Sam Pigott as CEO - Lithium Americas announced the board's unanimous decision to appoint Sam Pigott as president and CEO which will become effective on March 18. Pigott will also join the board of directors of Lithium Argentina. He will succeed John Kanellitsas, executive chairman, president and interim CEO of the company, who will continue on in his role as executive chairman of the board. Pigott has gained an understanding of Lithium Argentina's operations and development plans through his roles as the chairman of the shareholder committee at the joint venture entity, Minera Exar, which holds the Cauchari-Olaroz project in Argentina, and as a member of the senior leadership team of Ganfeng Lithium, the company's partner at Cauchari-Olaroz.
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WEN | Hot Stocks16:34 EST Wendy's names Matt Spessard as Chief Information Officer - The Wendy's Company announced the appointment of Matt Spessard as Chief Information Officer. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy's Senior Leadership Team. Spessard will succeed Kevin Vasconi who has served as Chief Information Officer since October 2020. Spessard has served as Senior Vice President, Global Chief Technology Officer for The Wendy's Company since August 2022.
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SPFI | Hot Stocks16:34 EST South Plains Financial announces $10M stock repurchase program - South Plains Financial announced that the board of directors of the Company approved a stock repurchase program for up to $10M of the outstanding shares of the Company's common stock . The Stock Repurchase Program will conclude on February 21, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the $10.0 million designated for the Stock Repurchase Program are depleted.
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AEP | Hot Stocks16:32 EST American Electric announces CEO transition - American Electric Power announced that Benjamin Fowke III, a member of the company's board and the former chairman and CEO of Xcel Energy, has been appointed interim CEO and president, effective immediately. Fowke succeeds Julie Sloat. The board determined, based on discussions with Sloat, that it is time to identify a new CEO to lead the company's next chapter. This decision was not a result of any disagreement with Sloat regarding AEP's operations, policies or financial performance, and was not made for cause or related to any ethical or compliance concern.
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PUBM | Hot Stocks16:32 EST PubMatic increases share repurchase program by additional $100M - PubMatic announced that its board of directors has authorized an extension of our existing share repurchase program. Under the updated plan, the company is authorized to repurchase up to an additional $100M of our Class A common stock through the end of 2025. The previous plan authorized PubMatic to repurchase up to $75M of Class A common stock.
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PRGO | Hot Stocks16:31 EST Perrigo increases quarterly dividend 1% - Perrigo Company announces that its board has approved a 1% increase in the company's quarterly dividend to 27.6c per share, or $1.10 per share on an annual basis, up from 27.3c per share. This marks the 21st consecutive year Perrigo has increased its dividend. The cash dividend is payable on March 26 to shareholders of record on March 8.
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NOVA | Hot Stocks16:30 EST Sunnova Energy names Paul Mathews COO - Sunnova Energy International announced the appointment of Paul Mathews to Executive Vice President, Chief Operating Officer, effective immediately. Mathews, who joined Sunnova in January 2023 as Executive Vice President, Service and Supply Chain, has demonstrated exceptional leadership in enhancing customer service and operational efficiencies. Under his leadership, Sunnova has significantly improved its customer service capabilities, resulting in a 75% reduction in service backlog, a 79% decrease in the average age of service work, and a 46% year-over-year reduction in escalated customer complaints.
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ZM | Hot Stocks16:29 EST Zoom Video jumps 12% to $70.75 after Q4 earnings beat, above-consensus guidance
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U | Hot Stocks16:20 EST Unity down 12% after Q4 report, FY24 guidance - Shares of Unity are down $3.88, or 12%, to $29.16 in after-hours trading.
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CDXS RHHBY | Hot Stocks16:19 EST Codexis, Roche in licensing deal for newly engineered double-sranded DNA Ligase - Codexis (CDXS) announced it has entered into an agreement with Roche for an exclusive, global license for the Company's newly engineered double-stranded DNA or dsDNA, ligase for next-generation sequencing (NGS) library preparation and the Company's EvoT4 DNA ligase. Under the terms of the deal, Codexis will receive upfront and technical milestone payments. This deal supersedes the prior exclusive license on the EvoT4(TM) DNA ligase. "This transaction is the latest example of our ongoing commitment to focusing on the core areas of our business where we have the biggest opportunity to create impact in the market," said Kevin Norrett, MBA, Chief Operating Officer of Codexis. "Since announcing our prioritized strategy last July, we've executed multiple deals to monetize our non-core assets with market-leading companies. We are excited to collaborate again with Roche on this novel, dsDNA ligase. As a leader in NGS technologies, Roche (RHHBY) continues to bring important kits to market that provide the sensitivity and specificity required for the next wave of innovative NGS applications. With Roche's technical ability and commercial reach, we now have the ability to maximize the potential of our dsDNA ligase."
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DHC | Hot Stocks16:19 EST Diversified Healthcare Trust reports January occuparncy 79.0%, down 30bps - The company states: "January 2024 occupancy was 79.0%, 30 basis points below December 2023, and 250 basis points above January 2023. January 2024 Resident Fees and Services revenue was $102.7 million, $3.9 million, or 4.0%, above December 2023, and $10.7 million, or 11.6%, above January 2023. January 2024 net operating income, or NOI, was $7.3 million, $4.6 million, or 175.6%, above December 2023, and $3.3 million, or 83.4%, above January 2023. January 2024 NOI margin was 7.1%, 440 basis points above December 2023, and 280 basis points above January 2023."
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GPI | Hot Stocks16:18 EST Group 1 Automotive acquires two Lexus dealerships in California - Group 1 Automotive announced the acquisition of Newport Lexus and Tustin Lexus, two Lexus dealerships in Orange County, California. The dealerships are expected to generate $350M in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $850M, which follows $1.1B of acquired revenues in 2023.
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ADUS | Hot Stocks16:16 EST Addus HomeCare CEO 'optimistic' about acquisition opportunities in 2024 - Dirk Allison, Addus HomeCare Chairman and Chief Executive Officer, said, "In 2023 we generated strong cash flow from operations, bolstered by higher revenues and consistent payments from our various payors. Combined with our disciplined balance sheet management, we were able to fully fund our acquisitions during 2023 and still lower our revolver balance by $8.5 million from the end of the prior year. Importantly, we have the financial flexibility to continue to invest in our business and pursue our strategic growth initiatives, including acquisitions and other potential development opportunities. We are optimistic that we will see attractive acquisition opportunities in 2024 as market conditions continue to improve. As we look to 2024, we will continue to build on our momentum and capitalize on the growing demand for our home-based care. Addus offers a strong value proposition with high-quality and cost-effective care for patients in the preferred home setting. We are fortunate to have a dedicated team of caregivers across our markets who advance our mission to provide outstanding care and support for increasing numbers of patients and families. We continue to look for ways to improve the way we deliver care with enhanced training and investments in applications that support our caregivers with more efficient scheduling and overall service. With this capable team representing Addus, we are confident in our ability to extend our market reach in 2024 and deliver greater value to our shareholders."
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EAT | Hot Stocks16:16 EST Brinker announces CFO transition, new CIO - Brinker International announced updates to its executive leadership team, including the retirement of Joe Taylor, EVP and CFO, the appointment of Mika Ware as SVP and CFO, effective June 27, and the appointment of Chris Caldwell as SVP and Chief Information Officer, effective Feb. 26.
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FGEN... | Hot Stocks16:15 EST FibroGen, AstraZeneca terminate U.S./RoW roxadustat collaboration agreement - FibroGen (FGEN) announced that FibroGen and AstraZeneca (AZN) have agreed to terminate the U.S./RoW roxadustat collaboration agreement entered into on July 30, 2013, under which AstraZeneca held development and commercialization rights in the United States and other territories outside of China not licensed to Astellas Pharma (ALPMY). Pursuant to a termination and transition agreement entered into between the parties, AstraZeneca is returning all U.S./RoW roxadustat rights to FibroGen and providing certain assistance during a transition period. FibroGen's collaboration agreement with AstraZeneca for roxadustat in China remains in place and roxadustat remains the leader in China by brand value share in the chronic kidney disease, or CKD, anemia category. In the event FibroGen subsequently monetizes or commercializes roxadustat in the territories formerly licensed under the U.S./RoW collaboration agreement, FibroGen will have certain financial obligations to AstraZeneca.
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WDAY | Hot Stocks16:15 EST Workday reiterates FY25 subscription revenue guidance of $7.725B-$7.775B - "Our fourth quarter and full-year fiscal 2024 results reflect the momentum building across our key investment initiatives," said Zane Rowe, CFO, Workday. "We are reiterating our fiscal year 2025 subscription revenue guidance of $7.725 billion to $7.775 billion, representing growth of 17% to 18%. We expect fiscal year 2025 non-GAAP operating margin of approximately 24.5%. Our outlook contemplates incremental investments to support enduring growth, while at the same time calls for continued margin expansion as we scale and optimize the business."
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ZM | Hot Stocks16:12 EST Zoom Video announces $1.5B stock repurchase program - Zoom's board has authorized a stock repurchase program of up to $1.5B of Zoom's outstanding Class A common stock.
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JANX | Hot Stocks16:11 EST Janux Therapeutics announced positive clinical data for both clinical programs - Janux Therapeutics announced positive updated clinical data for both of its clinical programs. Janux will host a virtual event today at 4:30 PM ET. "These clinical data show encouraging safety and efficacy with JANX007 in metastatic castration-resistant prostate cancer and with JANX008 in late-stage solid tumors. The clinical data provide compelling proof-of-concept for the TRACTr platform in a setting where many other approaches have failed due to material safety issues or lack of efficacy," said David Campbell, CEO of Janux Therapeutics. "Our TRACTr platform provides an entry point to multiple, large solid tumor indications that are intractable with conventional TCE approaches. We look forward to continuing to advance these clinical trials and expanding to additional TCE targets, as we look to fulfill our mission to meaningfully address the unmet medical needs for cancer patients, especially those with late-stage disease."
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MERC | Hot Stocks16:11 EST Mercer say Jimmy Lee 'stepping down' as Executive Chairman for 'health reasons' - Mercer International announced that Jimmy Lee is stepping down as Executive Chairman and director of the Company for personal health reasons. He has been appointed Chairman Emeritus. As a result, the Company has revised its governance structure to provide for an independent Chairman. William McCartney, who previously served as lead director, has been appointed Interim Chairman by the Company's board of directors. Jimmy Lee, Chairman Emeritus, stated: "As I reflect on my time at Mercer, I am thankful for all of the employees, board members and other stakeholders who have helped build Mercer to where it is today. I am sad to be stepping down in my role as Executive Chairman, but believe it is necessary to focus on my health at this time. Mercer has a strong management team and board and I am confident they will continue to deliver on Mercer's strategic vision."
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NVST | Hot Stocks16:11 EST Envista announces planned CEO succession process - Envista Holdings Corporation announced that the board and CEO Amir Aghdaei are formally launching a process to determine a successor for CEO. The board has formed a search committee and retained an executive search firm to find qualified external candidates to lead the next phase of Envista. This process is expected to be completed this year. Aghdaei will remain president and CEO until his successor is appointed.
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GILD | Hot Stocks16:10 EST Gilead announces FDA approved new indication for Biktarvy to treat HIV - Gilead Sciences "announced the U.S. Food and Drug Administration approved a new, expanded indication for Biktarvy, bictegravir 50 mg/emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, B/F/TAF, to treat people with HIV who have suppressed viral loads with known or suspected M184V/I resistance, a common form of treatment resistance. HIV treatment resistance is permanent and irreversible, which can jeopardize future treatment options for PWH. The M184V/I resistance mutation has been found to be present in a range, 22%-63%, of PWH with pre-existing resistance to nucleoside reverse transcriptase nhibitors across various HIV subtypes. This label update is supported by Study 4030, which evaluated the efficacy, safety, and tolerability profile of Biktarvy in a broad range of people with HIV-1 with or without pre-existing NRTI resistance, including those with the M184V/I resistance. Biktarvy is now the first and only integrase strand transfer inhibitor -based single-tablet regimen that is FDA approved and U.S. Department of Health and Human Services guideline recommended for PWH who are virally suppressed with M184V/I resistance."
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WBA | Hot Stocks16:08 EST Walgreens Boots Alliance names Lanesha Minnix as Chief Legal Officer - Walgreens Boots Alliance named Lanesha Minnix the company's executive vice president and global chief legal officer. Minnix, most recently EVP, general counsel and corporate secretary for Ecolab, Inc., will assume her new role with WBA on April 15. Minnix, who will report to WBA CEO Tim Wentworth and serve on his Executive Committee, will oversee the company's global legal, compliance, corporate governance and corporate security functions.
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NWBI | Hot Stocks16:04 EST Northwest Bancshares appoints Douglas Schosser CFO - Northwest Bancshares and its wholly-owned subsidiary Northwest Bank announced that Douglas Schosser has been appointed CFO, effective March 18. He will replace William Harvey, Jr., who announced his retirement last fall. Schosser will work alongside Harvey through 2024 to ensure a smooth transition of duties.
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WDAY | Hot Stocks16:03 EST Workday announces intent to acquire HiredScore - Workday has entered into a definitive agreement to acquire HiredScore. The combination of Workday Talent Management, Workday Skills Cloud, and HiredScore's Talent Orchestration solutions, will provide customers with a comprehensive, transparent, and intelligent talent acquisition and internal mobility offering, helping them better address their ever-evolving people needs. "People are at the heart of every organization, and investing in new and innovative ways to unlock the potential of talent is more important than ever," said Carl Eschenbach, CEO, Workday. "HiredScore is the perfect complement to our product portfolio as we look to provide AI solutions that deliver real business value for our customers. The combination of our AI technologies that keep humans at the center, along with a deep understanding of the workforce landscape, will help organizations thrive and move forever forward."
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RCM | Hot Stocks15:58 EST Coliseum Capital says New Mountain bid indication undervalues R1 RCM - Coliseum Capital Management, which identifies itself as "one of the largest shareholders" of R1 RCM, announced that it has issued an open letter to the company's board of directors, stating that the firm believes "the offer by New Mountain Capital, L.L.C. to acquire the company for cash consideration of $13.75 per share significantly undervalues the company." The letter also expresses support for the company's board of directors, management team, and strategy for shareholder value creation. "Coliseum encourages the Board of Directors to stand firm and require a materially higher price, or reject the offer and stay the course as a public company," the firm stated in a press release.
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FCN | Hot Stocks15:55 EST FTI Consulting director sells $3.25M in common stock - In a regulatory filing, FTI Consulting disclosed that its director Laureen Seeger sold 15K shares of common stock on February 23rd in a total transaction size of $3.25M.
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BTC... | Hot Stocks15:46 EST Shares of Coinbase are up over 15% amid approaching bitcoin halving - Shares of financial infrastructure and technology platform, Coinbase (COIN) are up over 15% in trading on February 26, as Bitcoin halving is approaching. The halving process, according to media sources is "when the reward for Bitcoin mining is cut in half. Halving takes place every four years. The halving policy was written into Bitcoin's mining algorithm to counteract inflation by maintaining scarcity." Additionally, MicroStrategy (MSTR) announced earlier that, during the period between February 15 and February 25, the company and its subsidiaries, acquired approximately 3,000 bitcoins for approximately $155.4M in cash, at an average price of approximately $51,813 per bitcoin. Other symbols in the space include Riot Platforms (RIOT), Marathon Digital (MARA), and RIOT (RIOT).
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LUNR | Hot Stocks15:36 EST Intuitive Machines sees controllers communicating with Odysseus until Tuesday - Intuitive Machines said in a series of tweets: "Odysseus continues to communicate with flight controllers in Nova Control from the lunar surface. After understanding the end-to-end communication requirements, Odysseus sent images from the lunar surface of its vertical descent to its Malapert A landing site, representing the furthest south any vehicle has been able to land on the Moon and establish communication with ground controllers. [...] Flight controllers intend to collect data until the lander's solar panels are no longer exposed to light. Based on Earth and Moon positioning, we believe flight controllers will continue to communicate with Odysseus until Tuesday morning." Reference Link
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STWD | Hot Stocks15:26 EST Starwood Capital names Jonathan Pollack president - Starwood Capital Group announced that Jonathan Pollack will join the firm beginning in 2025 as its President, adding proven industry and investment expertise to Starwood Capital's executive leadership team as the firm prepares for its next chapter of growth. Pollack joins Starwood Capital from Blackstone, where he served as Global Head of the firm's Real Estate Credit business since 2016. BREDS, which has $84 billion in assets under management, is a leading global lender and investor in commercial real estate loans, residential mortgages and a range of securities, including CMBS, RMBS and real estate corporate debt. In December 2023, BREDS acquired the $17B portfolio of Signature Bank commercial mortgages auctioned by the FDIC.
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ARLO | Hot Stocks14:45 EST Arlo Technologies to update long-term financial targets during investor day - Arlo Technologies announced that during the webcast and conference call with investors and analysts to be held on Thursday, February 29, at 5:00 p.m. ET, the company will provide a slide presentation focused on a detailed strategic overview and update to its long-term financial outlook in addition to discussing fourth quarter and full year 2023 results. During the event, Arlo management will discuss the company's outlook for the first quarter and full year 2024, provide a comprehensive strategy review, and update its targets on key metrics associated with the development of a new long-range plan. The news release announcing the fourth quarter and full year 2023 results will be disseminated on February 29, after the market closes, the company noted.
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ATUS CHTR | Hot Stocks14:24 EST Altice USA jumps 22% to $2.23 after Bloomberg says Charter weighing bid
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BMRN | Hot Stocks13:45 EST BioMarin discloses receipt of subpoena from U.S. Department of Justice - In a regulatory filing, BioMarin stated: "We recently received a subpoena from the U.S. Department of Justice requesting that we produce certain documents regarding our sponsored testing programs relating to VIMIZIM and NAGLAZYME. We have produced documents in response to the subpoena and are cooperating fully, but there is no assurance that such sponsored testing programs, or our other operations or programs, will not be found to violate such laws." Reference Link
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BTOG | Hot Stocks13:05 EST Bit Origin Ltd trading resumes
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DSWL | Hot Stocks13:01 EST Deswell Industries board elects Wai Ming Lau as chairman - Deswell Industries Board of Directors has unanimously elected Ms. Lau Wai Ming as Chairman of the Board, effective February 19, 2024. Ms. Lau was elected to the Board of Directors by the Company's shareholders at the 2023 Annual Meeting of Shareholders on February 6, 2024. Prior to joining the Company, Ms. Lau was an Executive Director at PAG Consulting where she headed the firm's Global Human Capital operations.
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BTOG | Hot Stocks13:00 EST Bit Origin Ltd trading halted, volatility trading pause
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UNH | Hot Stocks12:54 EST Change Healthcare outage likely caused by ransomware group Blackcat - In an incident update regarding their recent outage, the UnitedHealth unit said that, "On February 21, Change Healthcare began experiencing a cyber security issue. Once they became aware of the outside threat, and in the interest of protecting their partners and patients, they took immediate action to disconnect their systems to prevent further impact. Their experts and third-party cybersecurity vendors are working closely with law enforcement to address the matter... As is usual in any cybersecurity incident, Change Healthcare is not providing much detail about the specifics of the attack. In a regulatory filing, UnitedHealth Group reported believing a 'nation-state associated threat actor' gained access to their information technology systems. It is now believed that this attack is related to the ALPHV/Blackcat Ransomware-as-a-Service. It is not known if any data was exfiltrated from affected technology systems, though forensic experts and law enforcement agencies have been engaged to determine the scope of the issue. Change Healthcare is using multiple approaches to restore services in a safe and secure manner. They have reported that they are focusing on systems directly impacting patient care first, such as those related to e-prescribing and imaging. They are acutely aware of the impact of delays on the revenue cycle and will bring those systems online as soon as possible. As of Sunday (2/25), they expect to have more information on a timeline for claims, ERA, and eligibility service restorations on Tuesday (2/27)."Reference Link
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KR ACI | Hot Stocks12:48 EST California AG Bonta files lawsuit against Kroger, Albertsons - California Attorney General Rob Bonta, the Federal Trade Commission, and a bipartisan coalition of states, announced the filing of a lawsuit that challenges the proposed merger of Kroger (KR) and Albertsons (ACI). Kroger and Albertsons are the two largest national supermarket chains in the country and this merger presents a significant risk of reduced competition and higher food prices nationwide. In California specifically, Kroger's $24.6B purchase of Albertsons is expected to further consolidate the highly concentrated retail grocery market in Southern California, leading consumers to face fewer choices and higher prices. The merger is also expected to reduce the ability of unions to negotiate working conditions at these stores, impacting thousands of employees in California. "This megamerger is bad for workers, for agricultural producers, and for California communities. In some markets in Southern California, Kroger-Albertsons is expected to be the only one-stop grocery option. Today, we are going to bat for a more just and competitive economy, one where companies need to compete for labor and where prices and service matter," said Attorney General Bonta. "This merger will leave Californians with limited choices over where to shop - and for workers in this industry, where to work. As many families continue to feel the burden of inflation, fighting corporate consolidation that threatens to increase prices and reduce service is more important than ever." The lawsuit seeks to block the proposed Albertsons-Kroger merger, alleging it is in violation of the federal Clayton Act, which prohibits the acquisition of assets where the effect of such acquisitions may substantially lessen competition or create a monopoly.
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DIS | Hot Stocks12:45 EST Disney urges vote for company board nominees, not those of Trian or Blackwells - Disney's board of directors sent a letter to shareholders detailing what it calls "the progress it has made and continues to make on its strategic priorities, delivering on the promises it made just over one year ago." The board stated in part: "The board has been laser-focused on a strategy that will drive shareholder value. The company has restored its cash dividend and subsequently increased the dividend payment declared for July 2024 by 50%. Disney is also targeting $3 billion in share buybacks for FY24. As shared in its first quarter earnings, the company has also made great strides in reigning in costs and is on track to meet or exceed its cost cutting target of $7.5 billion by the end of FY24. Disney also reaffirmed it is on track to deliver $8 billion in free cash flow, and to reach profitability in its combined DTC streaming businesses in Q4 FY24. Disney's creative engines continue to be recognized with numerous nominations across the TV and film industry... Disney's board of directors believes all of its 12 nominees are uniquely qualified to continue this important progress and create long-term shareholder value. The board urges shareholders to protect their investment and the future of the company by voting the White proxy card for only Disney's 12 nominees now and not the Trian Group or Blackwells nominees. The 2024 Annual Meeting of Shareholders will be held on April 3, 2024. The Disney board of directors does not endorse the Trian Group nominees, Nelson Peltz and Jay Rasulo, or the Blackwells nominees, Craig Hatkoff, Jessica Schell and Leah Solivan, and believes that they are unqualified to serve on Disney's Board and preserve value creation for shareholders in this increasingly complex global landscape." Reference Link
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KR ACI | Hot Stocks12:41 EST Kroger says FTC blocking Alberstons deal to harm consumers, workers - Kroger (KR) issued the following statement: "Contrary to the FTC's statements, blocking Kroger's merger with Albertsons Companies (ACI) will actually harm the very people the FTC purports to serve: America's consumers and workers. Kroger's business model is to take costs out of the business and invest in lowering prices for customers. Kroger has reduced prices every year since 2003, resulting in $5 billion invested to lower prices and a 5% reduction in gross margin over this period. This business model is immediately applied to merger companies. Kroger has a proven track record of lowering prices so more customers benefit from fresh, affordable food, and our proposed merger with Albertsons will mean even lower prices and more choices for America's consumers. The FTC's decision makes it more likely that America's consumers will see higher food prices and fewer grocery stores at a time when communities across the country are already facing high inflation and food deserts. In fact, this decision only strengthens larger, non-unionized retailers like Walmart, Costco and Amazon by allowing them to further increase their overwhelming and growing dominance of the grocery industry... The anticipated divestiture plan with C&S builds on the benefits of the merger and fulfills the commitments Kroger set out in its original merger agreement in October 2022. C&S Wholesale Grocers is an industry leader in wholesale grocery supply and supply chain solutions, with a strong track record as a successful grocery retailer. Kroger and Albertsons Cos. took considerable steps to position C&S to continue to successfully operate divested stores as part of its comprehensive plan. This includes providing C&S with strong teams, a cohesive network of stores supported by two regional headquarters, beloved banners and private label brands, and a robust operational infrastructure. In addition to ensuring no store closures as a result of the merger, the divestiture plan will extend a competitor to new geographies and will maintain all current collective bargaining agreements, which include industry-leading healthcare and pension benefits, bargained-for wages, and ensuring frontline associates remain employed. The merging parties look forward to litigating this action in court so we can deliver the benefits of this merger to communities across America - lower prices, more choices, and more good-paying union jobs for decades to come."
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NCBDY | Hot Stocks12:35 EST Bandai Namco's 'Tekken 8' has sold 2M units globally - Bandai Namco said that "Tekken 8," which released in January, has already achieved 2M units sold globally. Reference Link
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BA | Hot Stocks12:18 EST FAA releases safety report on Boeing, finds 'disconnect' - In its final expert panel review report, the Federal Aviation Administration said, "The Expert Panel overserved a disconnect between Boeing's senior management and other members of the organization on safety culture. Interviewees, including ODA Unit Members, also questioned whether Boeing's safety reporting systems would function in a way that ensures open communication and non-retaliation. The Expert Panel also observed inadequate and confusing implementation of the five components of a positive safety culture." The FAA asked Boeing to review the report within six months and share an action plan. Reference Link
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JPM | Hot Stocks12:12 EST JPMorgan CEO: Some of the smaller banks should be allowed to merge
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JPM | Hot Stocks12:11 EST JPMorgan will be a competitor in private credit, CEO Dimon tells CNBC - In an interview on CNBC, JPMorgan CEO Jamie Dimon said there could be problems in private credit if there's a major recession, but if there is no recession, most in commercial real estate will "muddle through."
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KR ACI | Hot Stocks12:04 EST FTC challenges Kroger's acquisition of Albertsons - The Federal Trade Commission has sued to block Kroger Company's (KR) $24.6B acquisition of the Albertsons Companies (ACI), alleging that the deal is anticompetitive. The FTC charges that the proposed deal will eliminate fierce competition between Kroger and Albertsons, leading to higher prices for groceries and other essential household items for millions of Americans. The loss of competition will also lead to lower quality products and services, while also narrowing consumers' choices for where to shop for groceries. For thousands of grocery store workers, Kroger's proposed acquisition of Albertsons would immediately erase aggressive competition for workers, threatening the ability of employees to secure higher wages, better benefits, and improved working conditions. "This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. Kroger's acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today," said Henry Liu, Director of the FTC's Bureau of Competition. "Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating." The FTC issued an administrative complaint and authorized a lawsuit in federal court to block the proposed acquisition pending the Commission's administrative proceedings. A bipartisan group of nine attorneys general is joining the FTC's federal court complaint.
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CENN | Hot Stocks12:02 EST Cenntro Electric announces imminent implementation of scheme of arrangement - Cenntro Electric Group Limited announced that the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States, and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada will be implemented on February 27, in accordance with the previously announced timeline. On the Implementation Date, HoldCo will acquire all of the issued ordinary shares of Cenntro and exchange them for shares of common stock of HoldCo on a 1:1 basis. Implementation of the Scheme will not affect trading of shares on Nasdaq under ticker symbol "CENN".
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IFBD | Hot Stocks12:02 EST Infobird delays effective date of reverse split to March 4 - Infobird announced that the Company is amending the effective date for its reverse stock split to Monday March 4, 2024 to begin trading on a split-adjusted basis when the market opens, due to an unanticipated delay in obtaining necessary regulatory clearances. Previously, the Company had planned for its reverse split to become effective after the close of business on Monday, February 26, 2024, and had expected the ordinary shares to begin trading on a split-adjusted basis when the market opened the following day, Tuesday, February 27, 2024.
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CIO | Hot Stocks12:00 EST City Office REIT falls -6.3% - City Office REIT is down -6.3%, or -28c to $4.18.
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KOLD | Hot Stocks12:00 EST ProShares UltraShort Bloomberg Natural Gas falls -7.5% - ProShares UltraShort Bloomberg Natural Gas is down -7.5%, or -$11.06 to $136.08.
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ANVS | Hot Stocks12:00 EST Annovis Bio falls -12.0% - Annovis Bio is down -12.0%, or -$1.19 to $8.75.
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GOTU | Hot Stocks12:00 EST Gaotu Techedu rises 11.5% - Gaotu Techedu is up 11.5%, or 63c to $6.13.
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WEAV | Hot Stocks12:00 EST Weave rises 18.8% - Weave is up 18.8%, or $2.00 to $12.64.
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AGTI | Hot Stocks12:00 EST Agiliti rises 29.2% - Agiliti is up 29.2%, or $2.23 to $9.87.
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ZEAL | Hot Stocks11:58 EST Zealand says 83% of treated saw 'groundbreaking' results in survodutide trial - Zealand Pharma A/S (ZEAL) earlier announced that Boehringer Ingelheim has reported that up to 83.0% of adults treated with survodutide achieved a statistically significant improvement of metabolic dysfunction-associated steatohepatitis, or MASH, versus placebo's 18.2% in a Phase 2 trial. The trial met its primary endpoint with survodutide reaching a biopsy-proven improvement in MASH after 48 weeks, without worsening of fibrosis stages F1, F2 and F3 . Survodutide also met all secondary endpoints, including a statistically significant improvement in liver fibrosis. Full data will be presented in the coming months. The double-blind, placebo-controlled Phase 2 trial studied three doses of survodutide at 2.4 mg, 4.8 mg, and 6.0 mg. Top-line results demonstrated an improvement in MASH, at all doses explored in the trial. Treatment with survodutide did not show unexpected safety or tolerability issues, including at the higher dose of 6.0 mg. "We are very excited by the positive topline Phase 2 trial results for survodutide in MASH announced today by Boehringer Ingelheim and we look forward to the planned disclosure of the full data at a scientific congress in the first half of this year," said David Kendall, MD, Chief Medical Officer of Zealand Pharma. "Furthermore, we are delighted with the announcement that Boehringer intends to move forward with further development in MASH as quickly as possible, as they progress with study recruitment in the ongoing Phase 3 clinical trial program for obesity." Reference Link
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PRFT | Hot Stocks10:53 EST Perficient extends partnership with St. Louis Cardinals - Perficient announced a multi-year extension of its longstanding partnership with the St. Louis Cardinals. In addition to its in-stadium presence, Perficient will be featured on the Cardinals' flagship radio station, KMOX, as well as across the entire Cardinals Radio Network, which constitutes more than 140 stations across nine states.
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MSFT | Hot Stocks10:17 EST Microsoft announces multi-year partnership with Mistral AI - Micro announced a multi-year partnership between Microsoft and Mistral AI, a company it calls the "recognized leader in generative artificial intelligence." This partnership with Microsoft enables Mistral AI with access to Azure's artificial intelligence infrastructure and to accelerate the development and deployment of their next generation large language models, Microsoft said in a statement. Reference Link
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SDVKY | Hot Stocks10:13 EST Sandvik to acquire CAM reseller Cimquest, terms not disclosed - Sandvik has signed an agreement to acquire Cimquest, a U.S. based reseller of Computer Aided Manufacturing solutions. With the acquisition, Sandvik strengthens its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base. Cimquest will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions. Cimquest has since 1990 been a reseller of Mastercam, a global leading provider of CAD/CAM software solutions for manufacturing industries, owned by Sandvik. In addition to reselling Mastercam, Cimquest is a distributor of additive products, mainly 3D printers for both metal and polymers. Cimquest, founded in 1990, is headquartered in Branchburg, New Jersey, and has 55 employees. In 2023, the company had revenues of around $26M. The impact on Sandvik's EBITA margin will be limited. Impact on earnings per share will be positive. The parties have agreed not to disclose the purchase price.
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DOGZ | Hot Stocks10:13 EST Dogness Internationa trading resumes
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MUX | Hot Stocks10:05 EST McEwen Copper provides update on assay results at Los Azules - McEwen Copper announced assay results from the final unreleased drill holes of the last season. The results from this period not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization. Selected Highlights: Hole AZ23205MET returned 257 m of 0.76% Cu within the Enriched zone. Hole AZ23228MET returned 446 m of 0.63% Cu in the Enriched zone, including 76 m of 0.92% Cu. Hole AZ23230MET returned 250 m of 0.68% Cu in the Enriched zone, including 192 m of 0.83% Cu. The objective of the 2022-2023 drilling campaign was to collect information needed as the project advances towards the completion of a Feasibility Study in Q1 2025. Work continues during this field season and includes resource drilling that will convert the initial 5-year pit resources to Measured and Indicated categories and will further upgrade resources from Inferred to Indicated. In addition to resource drilling, geotechnical, metallurgical, hydrogeological, exploration, and condemnation drilling are also being performed.
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DOGZ | Hot Stocks10:02 EST Dogness Internationa trading halted, volatility trading pause
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LDGYY | Hot Stocks10:02 EST Rhode Island Energy selects Landis+Gyr to deploy smart grid technologu - Landis+Gyr and Rhode Island Energy have agreed to a contract to deploy and support advanced smart metering technology for 530,000 electric customers in the state. The utility will be installing Landis+Gyr's Revelo metering platform, featuring grid-edge sensing and edge computing capabilities to manage load and support grid troubleshooting. The Revelo meter operates on Landis+Gyr's RF Wi-SUN network, which also supports interaction with other smart energy and smart city devices.
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MSFT | Hot Stocks10:01 EST France's Mistral announces AI partnership with Microsoft - France's Mistral said it is partnering with Microsoft to provide its models on Azur. Mistral's models are now available through La Plateforme, Azure and self-deployment. " Mistral Large is available through Azure AI Studio and Azure Machine Learning, with as seamless a user experience as our APIs. Beta customers have used it with significant success," the company said in a statement. Mistral Large is the company's "new cutting-edge text generation model. It reaches top-tier reasoning capabilities. It can be used for complex multilingual reasoning tasks, including text understanding, transformation, and code generation."
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WEAV | Hot Stocks10:00 EST Weave rises 12.1% - Weave is up 12.1%, or $1.29 to $11.93.
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GOTU | Hot Stocks10:00 EST Gaotu Techedu rises 17.3% - Gaotu Techedu is up 17.3%, or 95c to $6.45.
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AGTI | Hot Stocks10:00 EST Agiliti rises 29.5% - Agiliti is up 29.5%, or $2.25 to $9.89.
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KB | Hot Stocks10:00 EST KB Financial falls -5.0% - KB Financial is down -5.0%, or -$2.48 to $46.82.
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KOLD | Hot Stocks10:00 EST ProShares UltraShort Bloomberg Natural Gas falls -6.7% - ProShares UltraShort Bloomberg Natural Gas is down -6.7%, or -$9.93 to $137.21.
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WMT | Hot Stocks10:00 EST Walmart falls -66.3% - Walmart is down -66.3%, or -$116.42 to $59.14.
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AMZN | Hot Stocks09:52 EST Amazon to launch AWS infrastructure Region in Mexcio by 2025 - Amazon Web Services announced plans to launch an AWS infrastructure Region in Mexico by early 2025. The new AWS Mexico Region will give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and serving end users from data centers located in Mexico, ensuring that customers who want to store their content in Mexico can do so. As part of its long-term commitment to Latin America, AWS is planning to invest more than $5B in Mexico over 15 years. The upcoming AWS Mexico Region is the latest in AWS's ongoing investments in Mexico to provide customers with advanced and secure cloud technologies. The new AWS Region will consist of three Availability Zones at launch, adding to AWS's existing 105 Availability Zones across 33 geographic regions globally.
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LUNR | Hot Stocks09:52 EST Intuitive Machines sinks 30% after moon lander tips over - Shares of Intuitive Machines are sinking after the company acknowledged late Friday that its moon lander Odysseus "caught a foot in the surface and tipped" as it landed, causing it to tilt over. Despite this, Intuitive Machines CEO Steve Altemus said that the lander is "near or at our intended landing site." Shares of Intuitive Machines are down 30% to $6.76 in early trading.
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FLYX | Hot Stocks09:52 EST Flyexclusive Inc trading resumes
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NGM | Hot Stocks09:50 EST NGM Biopharmaceuticals trading resumes
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CSCO ORAN | Hot Stocks09:48 EST Cisco, Orange Business sign MoU to accelerate GHG emissions reduction - Orange Business (ORAN) and Cisco (CSCO) have signed a Memorandum of Understanding for a joint action plan to help reduce their greenhouse gas emissions. The plan represents a first for both companies, deepening their partnership, and facilitating the sharing of data that will inform progress towards their net zero goals. They agree to create an emissions baseline regarding the GHG emissions of Orange Business solutions that integrate Cisco products, allowing both organisations to measure GHG emissions across their shared portfolio. The MoU includes a number of key focus areas that Cisco and Orange Business will work together on, including: 1. GHG Emissions Trajectory Cisco and Orange Business aim to build a GHG emissions trajectory for the Cisco products used by Orange Business. Both partners will use shared data to help estimate the GHG emissions related to Orange Business solutions integrating Cisco technology with the objective to reduce GHG emissions. 2. Carbon Impact of Products and Services Cisco aims to provide Orange Business with data on the estimated carbon footprint of Cisco products sold by Orange Business. This will allow Orange Business to integrate this data into their own emissions calculations in order to estimate the overall carbon footprint of Orange's solutions portfolio integrating Cisco products. Orange Business will then be able to provide their customers with an estimate of the total emissions of their supplied products and solutions. 3. Emphasis on Circular Economy Programs and Principles Cisco and Orange Business agree to focus on increasing the uptake of circular economy principles and practices by Orange Business and its customers. This will be done through two channels, first boosting the purchase of remanufactured units through the Cisco Refresh Program, then through the uptake of Cisco's Takeback and Reuse Program facilitated by Orange Business. 4. Eco-designed Products and Solutions of the Future Orange Business and Cisco will also endeavor to explore different ways to integrate eco-design principles into the design of products and services. For this purpose, Cisco will provide Orange Business with Lifecycle Analysis data for its products, when available. This will help Orange Business to reach its goal of a 100% rate of eco-designed solutions offered to its customers.
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AGL | Hot Stocks09:47 EST Agilon Health falls -7.5% - Agilon Health is down -7.5%, or -47c to $5.80.
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KOLD | Hot Stocks09:47 EST ProShares UltraShort Bloomberg Natural Gas falls -8.4% - ProShares UltraShort Bloomberg Natural Gas is down -8.4%, or -$12.40 to $134.74.
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WMT | Hot Stocks09:47 EST Walmart falls -66.3% - Walmart is down -66.3%, or -$116.45 to $59.11.
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DPZ | Hot Stocks09:47 EST Domino's Pizza rises 8.6% - Domino's Pizza is up 8.6%, or $37.40 to $471.05.
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GOTU | Hot Stocks09:47 EST Gaotu Techedu rises 9.1% - Gaotu Techedu is up 9.1%, or 50c to $6.00.
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AGTI | Hot Stocks09:47 EST Agiliti rises 29.3% - Agiliti is up 29.3%, or $2.24 to $9.88.
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FLYX | Hot Stocks09:47 EST Flyexclusive Inc trading halted, volatility trading pause
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HOLO | Hot Stocks09:45 EST MicroCloud Hologram Inc trading resumes
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LBBB | Hot Stocks09:41 EST Lakeshore Acquisition II Corp trading resumes
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MRVI | Hot Stocks09:41 EST Maravai LifeSciences trading resumes
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HOLO | Hot Stocks09:40 EST MicroCloud Hologram Inc trading halted, volatility trading pause
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LBBB | Hot Stocks09:36 EST Lakeshore Acquisition II Corp trading halted, volatility trading pause
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MRVI | Hot Stocks09:36 EST Maravai LifeSciences trading halted, volatility trading pause
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NEPT | Hot Stocks09:26 EST Neptune Wellness places certain employees on mandatory unpaid leave of absence - Neptune Wellness Solutions has placed certain employees on a mandatory unpaid leave of absence effective February 23, 2024 in connection with a rapid cost cutting and restructuring effort, as a result of the Company's previously disclosed ongoing financial concerns. Among the employees placed on mandatory leave are Michael Cammarata, President and CEO, and John Wirt, Executive Vice President and Chief Legal Officer, both of whom are under employment contracts. Mr. Cammarata also concurrently resigned from the Company's board of directors and all other board positions at the Company's subsidiaries and affiliates effective immediately. Mr. Cammarata is challenging his unpaid leave under the terms of his employment agreement, and there is a risk of dispute under existing employment agreements as a result of the announced temporary leaves. The Company is currently working through a succession plan to determine who will assume the role of Interim CEO in Mr. Cammarata's absence. In the interim, the Company has appointed a special restructuring committee comprised of certain members of the Board to evaluate candidates for the role of Interim CEO and to lead the Company through this transitionary period. The last day of work for employees placed on mandatory leave was February 23, 2024. The initial period of mandatory leave is for thirty days, though any decisions to recall staff to active service, extend the period of leave, or relieve staff of responsibilities have not yet been made. The Company will continuously evaluate its financial condition as well as all available strategic alternatives in connection with its ongoing restructuring effort to determine when employees will be recalled to active service, though there can be no assurance at this stage that any of the employees will return to the Company at the end of the temporary period of mandatory leave, if at all.
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RCRT | Hot Stocks09:24 EST Recruiter.com enters license agreement with GoLogiq - Recruiter.com Group announced significant steps forward in its restructuring plans. On February 23, 2024, the Company entered a Technology License and Commercialization Agreement with GoLogiq. Under the GOLQ Licensing Agreement, GoLogiq grants the Company a worldwide, exclusive license to develop its fintech technology and sell products derived thereof, including its Createapp, Paylogiq, Gologiq, and Radix AI technology and products, for a term of 10 years, with automatic two year renewals. The GOLQ Licensing Agreement supersedes and replaces the original agreements entered into with GoLogiq last year. The compensation for the license includes the issuance of 19.99% of the Company's outstanding stock and an 8% fee on sales of the products. As announced on December 30, 2023, the Company extended the terms for Job Mobz to close on purchasing certain intellectual property of the Company, including the Recruiter.com website and corresponding trademark. The Company reports that the acquisition is still in process and is expected to close, subject to the satisfaction of closing conditions. The Company also signed an amendment with Job Mobz on February 13, 2024, removing the condition in the original agreement for shareholder approval. The transaction is expected but not guaranteed to close within thirty days. The Company is continuing its previously announced plans to consolidate its current assets into Atlantic Energy Solutions which is planned to be renamed CognoGroup. CognoGroup is planned to hold several assets and operating businesses, including Mediabistro, a leading job board for the media industry, the partnership with and shares of Job Mobz after the Recruiter.com transaction closes, shares of Futuris, Inc. granted to the Company from the recent sale of its healthcare staffing business, and other assets and ventures centered around artificial intelligence and recruitment technology. On February 12, 2024, the Company's Board voted unanimously to perform certain administrative actions necessary to prepare for and effectuate the spin-out, including corporate restructuring and renaming. The Company issued an 8K on February 23, 2024 disclosing two additional topics. Nasdaq informed the Company that it did not comply with the minimum shareholders' equity and shareholder meeting requirements. The Company will have a hearing to review these matters on April 18, 2024. Company management believes that the Company has taken the necessary steps to address the shareholder's equity issue and further believes that the Gologiq Licensing Agreement should add approximately $3.5M in assets to the Company's balance sheet and, as a result, should substantially exceed the level required by Nasdaq. In addition, the Company plans to soon file a Proxy Statement for the election of Directors and to ratify Salberg & Company, P.A. as its independent registered auditor, along with other corporate matters. This will satisfy Nasdaq's annual meeting requirement.
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GTII | Hot Stocks09:20 EST Global Tech Industries communicates with brokerage firms over stock dividend - Global Tech Industries Group has communicated with eight major brokerage firms through a registered letter in order to ensure that the stock dividend issued on April 29, 2023 is appropriately deposited into shareholders' respective accounts. Furthermore, GTII wishes to inform shareholders that if they wish to deposit their shares in advance, they should complete a Stockholder's Representation Letter,, which outlines the procedures to deposit their shares in advance. In any event, GTII believes that all shareholders should have their shares deposited on or around April 29, 2024, which marks the one year date from the date of issuance of the stock dividend. Liberty Stock Transfer GTII's transfer agent is also sending out a general information letter to the brokers that offers further clarification and assistance in responding to the receipt of any Stockholder's Representation Letter, on the basis of a blanket legal opinion concerning the stock dividend held by Liberty. David Reichman, Chairman & CEO of GTII, stated, "We appreciate our shareholders' patience in awaiting the depositing of their 10% stock dividend. We will continue to support our shareholders and are doing everything we can to facilitate the process for them to obtain their dividend shares."
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PYPL | Hot Stocks09:17 EST PayPal appoints Seeley as CMO - PayPal Holdings announced Geoff Seeley has joined the company as Chief Marketing Officer, CMO, reporting to Diego Scotti, Executive Vice President , EVP, and General Manager, GM, of Consumer Group and Global Marketing & Communications. Seeley brings over 25 years in global brand, digital, and performance marketing while building teams to drive transformative marketing models. Seeley was most recently the Global CMO and Communications Officer at CashApp and Afterpay.
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RYZB BMY | Hot Stocks09:17 EST Bristol Myers completes acquisition of RayzeBio - Bristol Myers Squibb (BMY) announced that it has successfully completed its acquisition of RayzeBio (RYZB). With the completion of the acquisition, RayzeBio shares have ceased trading on the NASDAQ Global Market and RayzeBio is now a wholly owned subsidiary of Bristol Myers Squibb. Bristol Myers Squibb's previously announced tender offer to acquire all of the outstanding shares of RayzeBio common stock for a purchase price of $62.50 per share in cash, or approximately $4.1B, expired at one minute after 11:59 p.m., Eastern Time on February 22. Approximately 53,052,499 shares of RayzeBio common stock were validly tendered, and not validly withdrawn from the tender offer, representing approximately 86% of RayzeBio's issued and outstanding shares of common stock. In accordance with the terms of the tender offer, all shares that were validly tendered and not validly withdrawn have been accepted for payment and Bristol Myers Squibb expects to promptly pay for all such shares. "We are excited to complete this transaction, which adds radiopharmaceutical therapeutics, or 'RPTs,' one of the fastest-growing new modalities for treating patients with solid tumors. By strengthening and further diversifying our oncology pipeline beyond I-O, we will unlock exciting opportunities that support BMS's growth in the back half of the decade and beyond. RayzeBio is a pioneer in the application of this novel modality, and we look forward to working with their talented team to accelerate their preclinical and clinical programs for the benefit of patients around the world," said Chris Boerner, Ph.D., Chief Executive Officer, Bristol Myers Squibb.
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IDT | Hot Stocks09:16 EST NRS Digital Media launches StrataSelect - NRS Digital Media launched StrataSelect, an in-store retail digital media planning solution that enables brands to achieve data-driven, value-based, store targeting across more than 28,000 NRS digital screens hosted by an independent retailers nationwide. Conventional in-store campaign planning treats all stores equally. But because customers differ from store-to-store in significant ways, conventional targeting consistently yields sub-optimal outcomes. In contrast, StrataSelect utilizes a proprietary computational process to analyze diverse data sets including store-specific NRS retailer scan data, demographics, consumer behavior, geographic trends, and category and brand purchase data. This deep data-driven approach enables brands to strategically place their messages in specific stores, creating meaningful connections that drive brand awareness, consideration, intent, and trial.
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PBIO | Hot Stocks09:15 EST Pressure BioSciences reports Uncle Bud's growth following acquisition - Pressure BioSciences announced early financial results from its January 19, 2024 acquisition of Uncle Bud's Health & Wellness. Key highlights from Uncle Bud's first month following its acquisition by PBIO include: Amazon Business Rapid Growth: Amazon sales have surged, increasing 60% over the previous month. This acceleration leverages underlying growth in consumer demand for Uncle Bud's trusted natural wellness products. Direct-to-Consumer Sales Increase: DTC sales experienced a 16% increase from the previous month, reflecting the solidifying base of loyal customers and a growing interest in the brand's unique offerings. Expansion of DTC Customer Base: New DTC customers have grown by 13% compared to the previous month, reflecting the brand's expanding appeal and its successful outreach efforts. Unprecedented DTC Subscription Growth: New DTC subscriptions have surged by a robust 138% since the previous month, showcasing consumers' growing trust and preference for UB's products. Website Traffic Increase: Unique visitors to UB's website have increased by 142%, signaling a significant rise in brand awareness and interest in the brand's holistic wellness solutions. Celebrity Endorsements on the Horizon: UB is in discussions with several high-profile celebrities to join UB, with compelling personal endorsements to further elevate the brand's visibility and appeal. Influencer Campaign Launch: UB is set to launch an extensive influencer campaign, partnering with one of the largest influencer platforms to engage both micro and macro influencers. This initiative is expected to broaden the brand's reach and deepen its connection with consumers. Premium Collection Introduction: UB recently announced the introduction of a new Premium Collection of products, all of which will be processed with PBIO's revolutionary, patented UltraShear nanoemulsification platform, resulting in measurably increased speed of action, dosing payload delivery, bioavailability, and stability.
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HSCS | Hot Stocks09:14 EST Heart Test Laboratories appoints Partho Sengupta to Scientific Advisory Board - Heart Test Laboratories announced the appointment of Dr. Partho P. Sengupta, MD, MBBS, FACC, to its Scientific Advisory Board. Dr. Sengupta is the Henry Rutgers Professor and the Chief of Division of Cardiology at Rutgers Robert Wood Johnson Medical School and the Robert Wood Johnson University Hospital.
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PSO | Hot Stocks09:13 EST Pearson announces plans to expand generative AI study tools - Pearson announced plans to further expand its beta AI study tools into additional Pearson+ eTextbooks. "We've had a great response to our AI offering from students and instructors, and we're excited for millions more to experience these features this year. As we expand our AI study tools, we are learning more about what students want and are acting on their feedback. When we combine learning science and trusted content with AI technology, our products are even more effective in helping students learn and instructors teach," said Tony Prentice, Pearson's Chief Product Officer.
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SCLX | Hot Stocks09:13 EST Scilex announces over 1M patients treated with ZTlido since launch - Scilex Holding announced ZTlido has reached three major milestones since it launched in October 2018. The following three milestones are a testament to the perceived confidence that patients and health care providers have in ZTlido: Over one million patients are estimated to have been treated with ZTlido since its launch according to Symphony Health prescription data. ZTlido is now the number one prescribed non-opioid branded pain medication by pain specialists in the United States, based on Symphony Health prescription data gathered from January 2023 to November 2023. Patients report 89% satisfaction with ZTlido in a 2023 patient survey conducted by Scilex.
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RTX | Hot Stocks09:12 EST Collins Elbit delivers 3,000th F-35 Gen III Helmet display system - Collins Elbit Vision Systems - a joint venture between Collins Aerospace, and Elbit Systems of America - announced that it has delivered the 3,000th F-35 Gen III Helmet Mounted Display Systems to the Joint Strike Fighter. Collins Aerospace is an RTX business.
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HCTI | Hot Stocks09:12 EST Healthcare Triangle unveils initiative for health providers to harness AI, LLMs - Healthcare Triangle unveiled an initiative aimed at enabling healthcare organizations to harness the full potential of their organic data through Artificial Intelligence and Large Language Models. Key Features of the Initiative: Secure and Compliant Data Utilization: Prioritizing data security and privacy, Healthcare Triangle ensures all AI and LLM development is in strict compliance with healthcare regulations, including HITRUST certification and HIPAA compliance. This commitment extends to a secure environment for data transfer, storage, and processing, alongside a comprehensive disaster recovery strategy. Scalable Infrastructure Ready for the Future: Designed to meet the growing demands of healthcare organizations, the initiative's infrastructure is built for scalability, accommodating increasing data volumes and computational needs without compromising performance. A secure, cloud-hosted lab for LLM development highlights the initiative's readiness for the future, ensuring safety and efficiency in AI and analytics deployment. Collaborative Ecosystem for Shared Innovation: Facilitating a culture of collaboration, the platform encourages the sharing of insights and methodologies within and between organizations, fostering a community focused on improving patient care and aligning with industry standards. Customizable AI and LLM Development: Recognizing the diverse needs within healthcare, Healthcare Triangle offers customizable tools and solutions for developing AI and LLM models directly aligned with healthcare outcomes and objectives, ensuring flexibility and cost-effectiveness in platform service management.
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VEON | Hot Stocks09:10 EST Rakuten Symphony, Kyivstar sign LOI to deploy Open RAN in Ukraine - VEON announces that its wholly-owned subsidiary Kyivstar and Rakuten Symphony have signed of a Letter of Intent that confirms Kyivstar's interest in procuring and deploying Rakuten Symphony's Open Radio Access Network technology in its network. The LoI confirms Kyivstar's intent to use Rakuten's Open RAN and 5G technologies to help rebuild Ukraine's digital infrastructure, reinforcing both companies' commitment to supporting Ukraine's recovery and reconstruction. The companies intend to take the first steps in the implementation of their cooperation within 2024. Kyivstar and Rakuten Symphony are currently collaborating to define the scope of their initiative, which will involve both 4G and 5G Open RAN technology.
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COEP | Hot Stocks09:09 EST Coeptis Therapeutics expanded license agreement with University of Pittsburgh - Coeptis Therapeutics announced that it has expanded its exclusive license agreement with the University of Pittsburgh to include autoimmune indications as part of its ongoing development of SNAP-CAR T and SNAP-CAR NK. This amended agreement builds upon the original exclusive license agreement with the University of Pittsburgh for SNAP-CAR T Cells, a "universal" CAR T technology platform designed to target multiple antigens simultaneously and potentially address a range of hematologic and solid tumors, and a recent amendment to the agreement for SNAP-CAR NK, an allogeneic natural killer cell therapy platform. Research published in the peer-reviewed journal Nature Communications demonstrated the ability of SNAP-CAR to provide a powerful adaptor strategy for fully programmable targeting of engineered cells to multiple antigens, including CD19. Based on these findings, Coeptis Therapeutics plans to expand the development of the SNAP-CAR platform to target the multibillion-dollar autoimmune disease market in addition to hematologic and solid tumors. "We remain committed to developing these remarkable technologies as treatments for various indications across oncology where there is immense unmet need, however we also recognize the enormous potential for these platform technologies to address and possibly revolutionize the treatment landscape of autoimmune diseases," said Dave Mehalick, President and CEO of Coeptis Therapeutics. "Our SNAP-CAR technologies have the potential to position us at the forefront of next-generation autoimmune directed therapies targeting multiple antigens through combinatorial use of different adaptors."
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GEVO | Hot Stocks09:08 EST Gevo appoints Damien Perriman as chief business development officer - Gevo announced that Damien Perriman has been hired as Chief Business Development Officer to lead the effort to bring in new business in a wider variety of industry sectors and expand the brand footprint for the company. His most recent position was as Senior Vice President, Specialty Products for Genomatica, a company focused on accelerating the transition to sustainable materials by developing and producing intermediate and basic chemicals from plant-based sources.
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IVDA | Hot Stocks09:08 EST Iveda awarded $3.2M deal for confidential application by Taiwanese government - Iveda announced a signed contract with an undisclosed government agency worth approximately $3.2 M for a confidential application. This contract is in addition to the $2.7M and $1.7M announced in August 2022 and August 2023, respectively, to this same undisclosed government agency for different applications. Providing cutting-edge, AI-powered technology, the contract deployment has begun and is expected to be completed by 2026, delivering and deploying network equipment solutions to meet the growing demand for enhanced infrastructure. The execution will be overseen and managed by Iveda Taiwan. "As safety and security remain a top priority for government organizations around the world, the need for AI-powered technology becomes paramount," said David Ly, Iveda CEO and founder. "Through this contract, Iveda is dedicated to the continued improvement of security operations worldwide. Leveraging the power of AI, this contract positions Iveda Taiwan as a trusted partner in meeting the growing demand for cutting-edge AI solutions, keeping citizens, communities, and government personnel safe."
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QTRX | Hot Stocks09:08 EST Quanterix announces collaborations with health systems - Quanterix announced its first collaborations with health systems in pursuit of their shared goal to improve and simplify Alzheimer's disease, or AD, diagnosis. These relationships further the company's goal to build the global infrastructure necessary for AD testing by expanding clinical access to Quanterix's leading blood biomarker assays. Collectively AdventHealth, Mass General Brigham, Mayo Clinic, South Carolina Alzheimer's Disease Research Center at the Medical University of South Carolina, and UPMC represent 140+ hospitals across 18 states, caring for approximately 21M patients in their hospital networks. This reach will provide greater access to patients for high-accuracy, non-invasive AD testing.
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NGM | Hot Stocks09:07 EST NGM to be acquired by affiliates of The Column Group for $1.55 per share - NGM Biopharmaceuticals has entered into a definitive Agreement and Plan of Merger under which Atlas Neon Parent, Inc. and Atlas Neon Merger Sub will acquire NGM Bio through a cash tender offer to be commenced by Merger Sub for all outstanding shares of NGM Bio not held by affiliates of The Column Group, LP and certain other stockholders at a price per share of $1.55 in cash. Purchaser and Merger Sub are affiliates of The Column Group, NGM Bio's longest and largest stockholder, holding approximately 26% of NGM Bio's outstanding shares. The TCG Stockholders and certain other existing stockholders of NGM Bio have agreed to contribute their shares of NGM Bio stock to Purchaser as a part of the transaction rather than receive the cash price per share. This price per share corresponds to a total equity value of $135 million on a fully diluted basis and represents an 80% premium over the last trading day closing price prior to NGM Bio's Form 8-K confirming receipt from the TCG Stockholders of a non-binding expression of interest in exploring and evaluating a potential acquisition of all of the outstanding shares of common stock of NGM Bio not already owned by the TCG Stockholders in a going-private transaction. NGM Bio's cash, cash equivalents and short-term marketable securities were $166.0 million as of September 30, 2023 and an estimated $144.2 million as of December 31, 2023. Following a thorough exploration and review of strategic and financial alternatives with the assistance of its legal and financial advisors, a Special Committee of the NGM Bio Board of Directors, consisting solely of independent and disinterested members of the NGM Bio Board of Directors, determined that the acquisition by Purchaser is in the best interests of NGM Bio stockholders, and unanimously recommended approval of the Merger Agreement to the Board. The Special Committee and NGM Bio management team explored a range of strategic options, including engaging with multiple potential third party acquirors, before negotiating and entering into the Merger Agreement. Based upon the recommendation of the Special Committee, with the assistance of its legal and financial advisors, the Board determined that the acquisition by Purchaser is in the best interests of the Unaffiliated Stockholders, and approved the Merger Agreement. Closing of the tender offer is subject to the satisfaction of certain customary conditions, including the tender of NGM Bio shares representing at least a majority of the total number of outstanding shares held by the Unaffiliated Stockholders. The tender offer is not subject to a financing contingency. Promptly following the closing of the tender offer, Merger Sub will merge with and into NGM Bio, and all remaining shares not tendered in the offer, other than dissenting shares, treasury shares and rollover shares held by the TCG Stockholders, Purchaser and any other subsidiary of Purchaser, or the Rollover Stockholders, will be converted into the right to receive a price per share of $1.55 in cash. The acquisition is expected to close in the second quarter of 2024. If completed, the transaction will result in NGM Bio becoming a privately held company and its shares will no longer be listed on Nasdaq.
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MOD | Hot Stocks09:06 EST Modine Manufacturing to buy Scott Springfield Manufacturing for $191M - As previously announced, Modine Manufacturing has entered into a definitive agreement to acquire Scott Springfield Manufacturing, a leading manufacturer of air handling units, or AHU. In a regulatory filing, the company disclosed that the aggregate purchase price to be paid by the company to the seller parent will be C$257.0M, or approximately $191M, on a cash-free, debt-free basis. Modine expects to fund the purchase price with a combination of cash on hand and from its existing credit facility; as such, the closing of the transaction is not conditioned on the receipt of financing by the purchaser or Modine. Reference Link
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MAR | Hot Stocks09:06 EST Marriott announces year of growth across CALA in 2023 - Marriott International announced a year of robust room signings and additions across the Caribbean and Latin America, CALA, in 2023. The company nearly doubled its number of organic deal signings in the region versus prior year, signing 57 transactions and nearly 7,300 rooms in 2023 to reach a solid pipeline of 24,000 rooms across the region at the end of last year. "We are pleased to report a great year of growth for Marriott in the CALA region, with strong development activity in 2023. With continuing momentum in conversions, and our ongoing expansion across numerous segments, including luxury and all-inclusive, we remain focused on providing our guests and owners with more best-in-class options" said Laurent de Kousemaeker, Chief Development Officer for Marriott International in the Caribbean and Latin America. "We see exceptional opportunities in the region across all segments, but particularly in midscale with the new City Express by Marriott brand, opening up fresh possibilities in this segment throughout the region."
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XPER | Hot Stocks09:05 EST TiVo signs four operators to TiVo Broadband - TiVo Platform Technologies the company that brings entertainment together and a wholly owned subsidiary of entertainment technology company Xperi announced that TiVo Broadband, a new solution specifically tailored for operators' broadband-only customers, has signed four operators. This rapid success and footprint expansion comes quickly on the heels of the initial launch of TiVo Broadband in January 2024 at CES. TiVo is dedicated to delivering a better entertainment experience for its customers and end users in a way that feels more intuitive and personal. TiVo Broadband leverages cutting-edge technology that powers the TiVo IPTV Platforms, which allows operators to enhance the streaming video experience for their broadband-only customers across a range of devices. In addition, TiVo Broadband delivers premium subscription video-on-demand SVOD , TiVo's Free Ad-Supported Television FAST content network TiVo+, and customer-specific linear channels to an operator's broadband-only customer base. "Broadband providers have unique opportunities to harness the popularity of streaming to expand into new branded entertainment services," said Greg Ireland, IDC's Future Consumer research director. "A robust entertainment experience platform running on a connected device offers broadband providers a way to deliver a rich variety of streaming services to customers."
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ROI | Hot Stocks09:05 EST RiskOn announces five year development agreement with MeetKai - RiskOn announced the execution of a five year development agreement with MeetKai for the licensing of the askROI.com platform. The company is pleased to announce a strategic partnership with MeetKai, co-founded by Weili Dai and James Kaplan, for the launch of askROI. The company believes that this innovative platform is set to revolutionize the artificial intelligence AI-driven solutions landscape, offering unparalleled access to information and services through the power of advanced AI technology. With early access starting on March 4, askROI invites users to experience the future of AI technology ahead of its full launch. In preparation for this initiative, RiskOn has established a dedicated sales force aimed at empowering businesses globally to integrate generative AI into their operations. The partnership with MeetKai is designed to provide access to AI solutions, enabling businesses of all sizes to enhance their services, innovate their product offerings and improve operational efficiencies.
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SPRY | Hot Stocks09:04 EST ARS Pharmaceuticals reports neffy meets primary endpoints in Phase 2 study - ARS Pharmaceuticals announced efficacy results in its phase 2 inpatient chronic spontaneous urticaria study with neffy, an investigational new drug. The trial met its primary endpoints with both 1 mg and 2 mg neffy demonstrating statistically significant and clinically meaningful changes from baseline in itch, hives, urticaria and erythema scores as early as 5 minutes after dosing. Urticaria is a skin disorder that causes itchy hives and/or angioedema; 50% of chronic urticaria cases1 are non-responsive to first-line antihistamine therapy. These data for neffy are being presented in an oral presentation today, February 26, at 1:10 pm ET at the 2024 American Academy of Allergy, Asthma and Immunology in Washington, D.C. in Room 207B of the Convention Center. The EPI-U01 study was a randomized, placebo-controlled, cross-over study evaluating the safety and efficacy of epinephrine nasal spray in patients with chronic spontaneous urticaria treated with chronic medications who were still experiencing flares. This oral presentation includes data analysis from 18 adult patients as of the cut-off date who enrolled in this study and returned to the clinical site while experiencing a flare, where they were randomized to receive either a single treatment of 1 mg or 2 mg neffy or placebo in a crossover design. All subjects had flares with pruritus and hives scores greater than or equal to 2 on a 3 point severity scale, despite all patients having been treated with antihistamines or Xolair. There was no meaningful difference in efficacy on patient-reported itch severity score, patient-reported hives severity score, investigator-related extent of urticaria, or investigator-related erythema score between 1 mg and 2 mg neffy doses, indicating that the 1 mg dose may be sufficient to activate the beta-2 adrenergic receptors responsible for stopping the mast cell degranulation and allergic mediator release that leads to an urticaria flare. neffy was well-tolerated, with adverse events reported in 8 subjects, which were all mild or moderate in severity. The most common adverse event reported was nasal discomfort in 5 subjects. There were no serious adverse events.
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AMGN | Hot Stocks09:03 EST Amgen opens state-of-the-art biomanufacturing facility in central Ohio - Amgen announced the opening of its manufacturing site in Central Ohio, the newest in its global operations network and the most advanced facility to date. "Our new facility, known as Amgen Ohio, was designed with the latest innovation and technology to deliver safe, reliable medicines for 'every patient, every time,'" said Robert Bradway, chairman and chief executive officer at Amgen. "As part of Amgen's global biomanufacturing network, Amgen Ohio will play an important role in helping us address serious disease around the world with our innovative biomedicines."
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RCM | Hot Stocks08:57 EST R1 RCM jumps 30% to $14.41 after New Mountain Capital buyout interest
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AKLI | Hot Stocks08:55 EST Akili partner in Japan submits SDT-001 for marketing approval - Akili announced that its Japanese partner Shionogi & Co. Ltd has submitted Akili's digital therapeutic SDT-001 for marketing approval with the Ministry of Health, Labor, and Welfare. SDT-001 is the Japanese, localized version of Akili's AKL-T01, which has previously been authorized by the FDA as the world's first prescription digital therapeutic for improving attentional functioning in pediatric ADHD patients aged 8 to 17.
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RVSN | Hot Stocks08:54 EST Rail Vision gets approval for Main Line system for operation across EU - Rail Vision announced an advancement through the approval and compliance of its Main Line system for operation across the European Union. This achievement, which was recently announced, sets a new standard in railway safety and opens the door for unprecedented growth and adoption of Rail Vision's technology in the expansive EU market. The Main Line system, Rail Vision's flagship innovation, has been officially approved and is now poised to redefine railway safety and operational efficiency throughout Europe. This state-of-the-art system offers unparalleled capabilities in detecting and identifying objects on and near tracks in real time, significantly reducing the risk of accidents and enhancing the overall safety of railway operations. With this approval, Rail Vision is set to accelerate the adoption of its Main Line system, showcasing the potential to dramatically improve railway safety standards across the EU. This milestone is a testament to Rail Vision's technological prowess and also aligns with the EU's commitment to enhancing transport safety and efficiency.
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RCM | Hot Stocks08:52 EST R1 RCM investor New Mountain submits request to bid $13.75 for remaining shares - On Friday afternoon, New Mountain Capital and affiliates disclosed a 32.4% stake in R1 RCM and disclosed that on January 26, 2024, CoyCo 1, L.P. and CoyCo 2, L.P. submitted a request to the company for a waiver of the standstill restrictions contained in the Investor Rights Agreement in order to permit one or more affiliates of the company to consider making a proposal to acquire all of the outstanding shares of the company's common stock not owned by the investors and requested a response from the Issuer by no later than January 31. The January 26 waiver request attached a form of proposal which included, among other things, a proposed purchase price of $13.75 per share in cash, the filing noted. Reference Link
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CLSH | Hot Stocks08:51 EST CLS Holdings announces repayment of debenture obligations - CLS Holdings USA announced its continuing efforts to aggressively retire debt at a discount to the Company, on February 23, 2024 CLSH retired a total of $1,526,250 in Principal and Interest Repayment Obligations owed by the Company. This debt reduction was achieved through the repurchase of $1,200,000 in Principal Amount of 15% Debentures, with interest forgiven in the amount of $326,250. As part of the Debt Repurchase, CLSH also acquired 13,274,780 of its issued and outstanding shares previously held by the debenture holder, thereby strengthening Shareholder Value by reducing the overall number of issued and outstanding shares. The Shares Repurchased had a value of 0.0450 per share or $597,365.10. As a result of the repurchase of shares, the total outstanding issued shares of the Company was reduced from 137,675,276 to 124,400,496. The retirement of the debt and the repurchase of shares was financed through a series of four loans totaling $1,350,000, with 12% interest, payable monthly, over the course of 24 months. These new loans represent a material reduction in the interest rate and a significant extension of the duration for payment over the notes that have been repurchased using those funds.
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NGM | Hot Stocks08:50 EST NGM Biopharmaceuticals trading halted, news pending
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CPPKF | Hot Stocks08:49 EST Faraday Copper announces metallurgical results at Copper Creek Project - Faraday Copper announced the results of its metallurgical program at its Copper Creek project in Arizona, USA. The metallurgical program was designed to evaluate grind size optimization, gold recoveries, and test additional samples from the near-surface mineralization to further enhance project economics compared to the Preliminary Economic Assessment 1. Key highlights include: Achieved copper rougher 2 recoveries of 95% in the sulphide composite by applying a substantially larger grind size 3. The increased grind size confirms the following benefits: Opportunity to increase copper rougher recoveries to over 97% by utilizing Coarse Particle Flotation scavenging. CPF supports a potential increase to mill throughput without increasing the tailings pressure filtration requirement; Significant reduction in ball mill grinding energy compared to the PEA; and Maintained copper concentrate quality with a consistently high average concentrate grade of 30.5% copper. Confirmed gold recoveries in copper concentrate of over 75% supporting the potential for payable gold in the copper concentrate, which was not considered in previous studies. Significantly improved near-surface oxide recovery through column leach tests, which returned copper recoveries of 84% to 92% in 43 days with net acid consumption less than12 kg/t, compared to 75% in 60 days with net acid consumption of 20 kg/t utilized in the PEA. Based on the outcomes of the metallurgical program and ongoing exploration results, the Company is targeting the following steps to continue to enhance the value of the project: Exploration Drilling: Phase III drilling continues and is focused on reconnaissance drilling on new targets, expanding the Mineral Resource and better delineating high-grade mineralized zones. Gold Assay Program: The Company continues to advance the gold assay program, currently focused on the Keel underground zone. Assay results from this program, paired with existing gold data, could support the inclusion of gold in future resource updates and project economics. Metallurgical Assessments: Test work will be conducted as new resource targets are delineated. In addition, continued assessments will include further CPF flowsheet evaluation and a material type characterization program. Technical Report Update: To incorporate updated geological, geotechnical, economic and metallurgical datasets.
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EFSH | Hot Stocks08:47 EST 1847 engages Spartan Capital for planned $10M IPO, 1847 Cabinets spin-off - 1847 Holdings announced that its subsidiary 1847 Cabinets Inc., a designer, manufacturer and installer of cabinets, doors and millwork for residential construction, has engaged Spartan Capital Securities, a U.S. investment bank, to support a planned $10 million IPO and spin-off transaction for 1847 Cabinets Inc. Assuming a successful transaction, 1847 Cabinets would become a standalone publicly traded company on a senior U.S. exchange, in order to capitalize on its internal growth and favorable outlook for the business. 1847 Cabinet Inc. is comprised of the businesses of Kyle's, High Mountain and Innovative Cabinets. Kyle's, which is based in Boise, Idaho, provides a wide variety of construction services including custom design and build of kitchen and bathroom cabinetry, delivery, installation, service and repair, extended warranties, and financing. High Mountain, which is based in Reno, Nevada, specializes in all aspects of finished carpentry products and services, including doors, door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, and fireplace mantles, among others, as well as window installation. Innovative Cabinets, also based in Reno, Nevada, specializes in custom cabinetry and countertops.
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MSTR | Hot Stocks08:45 EST MicroStrategy acquired about 3,000 bitcoins for $155.4M over February 15-25 - In a regulatory filing, MicroStrategy announced that, during the period between February 15 and February 25, MicroStrategy, together with its subsidiaries, acquired approximately 3,000 bitcoins for approximately $155.4M in cash, at an average price of approximately $51,813 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of shares under the company's existing sales agreement and excess cash. As of February 25, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 193,000 bitcoins, which were acquired at an aggregate purchase price of approximately $6.09B and an average purchase price of approximately $31,544 per bitcoin, inclusive of fees and expenses. Reference Link
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HUGE | Hot Stocks08:42 EST FSD Pharma enters agreement with Ingenu CRO to conduct unbuzzd trial - FSD Pharma announced that through its subsidiary, HUGE Biopharma Australia Pty Ltd., it entered into an agreement with Ingenu CRO Pty Ltd on February 19, 2024 to conduct "A Randomized, Double-Blind, Placebo-Controlled Crossover Study to Assess the Safety and Efficacy of unbuzzd in Healthy Volunteers in an Induced State of Alcohol Intoxication. This trial is an important step to further verify that the effects of drinking unbuzzd helps a person sober up faster from the effects of alcohol. FSD Pharma's proprietary dietary supplement product is called unbuzzd. unbuzzd is a fortified oral liquid formula that potentially enhances cognition, replenishes cofactors needed for alcohol metabolism, and may accelerate the rate of alcohol metabolism in the body allowing a person to sober up faster. Celly Nu is the holder of exclusive rights to FSD Pharma's technology for the recreational sale and use market. Separately FSD Pharma continues to develop a medical based product to accelerate the rate of alcohol metabolism for use in hospitals, medical centres and for front line workers.
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ONDS | Hot Stocks08:40 EST Ondas establishes subsidiary Ondas Autonomous Holdings - Ondas Holdings has established Ondas Autonomous Holdings as a new, wholly owned subsidiary. The newly created OAH is an intermediate holding company which now wholly-owns Ondas' subsidiaries American Robotics and Airobotics, which are together operated as the Ondas Autonomous Systems business unit. The creation of OAH is intended to provide additional organizational flexibility to support the management and financing of the OAS business unit and its growth plan. OAS has demonstrated strong early revenue momentum which is expected to accelerate. On a preliminary, unaudited basis OAS generated $9.0 million in revenue for the year ended December 31, 2023.
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IDAI | Hot Stocks08:39 EST Trust Stamp issued notice of allowance for utility patent application - Trust Stamp announced that on January 22nd, 2024 the USPTO issued a notice of allowance for utility patent application #17/324/544 entitled "Face Cover Compatible Biometrics and Processes for Generating and Using Same".
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TNYA | Hot Stocks08:38 EST Tenaya Therapeutics announces publication of preclinical HDAC6 inhibitor data - Tenaya Therapeutics announced the publication of preclinical research related to Tenaya's small molecule inhibitors of histone deacetylase 6, including TN-301, in the February 26, 2024, issue of Nature Communications. The article, titled "Targeting HDAC6 to Treat Heart Failure with Preserved Ejection Fraction in Mice," details the potential of inhibiting HDAC6 for the treatment of Heart failure with preserved ejection fraction, a form of heart failure that effects more than three million people in the U.S. alone. The extensive body of preclinical research described in Nature Communications showed that inhibition of HDAC6: Successfully addressed many of the biologic hallmarks of HFpEF, with direct effects on the heart such as diastolic relaxation and systemic benefits including normalization of metabolic and inflammatory factors, in a preclinical murine model that replicates the HFpEF disease state. Achieved comparable or superior efficacy and was shown to have a distinctive multi-modal mechanism of action versus empagliflozin, a sodium-glucose cotransporter-2 inhibitor approved by the U.S. Food and Drug Administration as a treatment for HFpEF. Showed additive benefits when combined with empagliflozin compared to either agent alone, indicating the potential for the use of a small molecule HDAC6 inhibitor alone or as a combination therapy for the treatment of HFpEF. Last year, Tenaya completed a Phase 1 clinical trial in which TN-301 achieved encouraging safety, target engagement and pharmacokinetic results across a wide range of doses tested in healthy participants. Tenaya's highly selective small molecule inhibitors of the enzyme HDAC6 were discovered using the company's modality-agnostic target discovery and validation capabilities. Unlike other members of the HDAC family, HDAC6 is localized to the cell cytoplasm where it coordinates cellular processes through interactions with multiple substrates, including tubulin, and tubulin acetylation was identified as a reliable plasma biomarker of HDAC6 target engagement. Having previously reported on the cardioprotective qualities of HDAC6 inhibition in a model of genetic cardiomyopathy, researchers set out to assess the potential of HDAC6 inhibition in HFpEF using multiple models of HFpEF, including a proprietary high fat diet and moderate transverse aortic constriction murine model that replicated the metabolic and mechanical stress seen in patients with HFpEF. For preclinical studies, Tenaya researchers used TYA-018, an HDAC6 inhibitor structurally and functionally similar to the company's clinical candidate, TN-301. Key Findings Treatment with TYA-018 as a single agent resulted in direct effects on the heart, and systemic benefits. TYA-018 showed comparable benefit to empagliflozin in the murine HFpEF model. Gene expression analysis provided insights on TYA-018's distinct mechanism of action. HDAC6 inhibition was shown to restore hypertrophy, fibrosis and mitochondrial energy production. TYA-018 demonstrated greater impact on markers of oxidative stress, inflammation and metabolism as compared to SGLT2 inhibition. The combination of TYA-018 and empagliflozin resulted in additive benefits, exceeding the efficacy observed with either agent alone with measurements of cardiac function nearing that of healthy controls. The selective effects of HDAC6 inhibition were reaffirmed through genetic deletion studies, in which treatment of Hdac6 knockout mice did not display any of the beneficial effects that wild-type HFpEF mice did following treatment.
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FLUX | Hot Stocks08:37 EST Flux Power appoints Kevin Royal CFO - Flux Power Holdings announced the appointment of Kevin Royal, CPA, a seasoned finance and accounting executive, as Chief Financial Officer of the Company, replacing Chuck Scheiwe as part of a planned transition given the Company's strong financial performance and inflection point. Mr. Scheiwe will remain with Flux Power in a consulting role for the near term to help facilitate the transition.
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TOPCF | Hot Stocks08:36 EST ProStar, Topcon announces technology integration with PointMan - ProStar Holdings announced a technology integration with Topcon Corp. The integration combines ProStar's utility mapping software, PointMan, and Topcon's fixed and portable GNSS antennas. The technology integration provides Topcon users with a seamless and easy to use utility data collection solution to capture, record, and display the precise location of critical underground infrastructure anywhere in the world. The technology integration of PointMan with Topcon GNSS receivers means that PointMan now supports Topcon Hiper VR highly versatile GNSS receivers for mobile devices running the Google Android operating system. The seamless integration empowers Topcon users with PointMan's unparalleled precision in subsurface utility mapping.
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NSC | Hot Stocks08:35 EST Norfolk Southern files preliminary proxy statement - Norfolk Southern Corporation announced that it has filed its preliminary proxy materials with the Securities and Exchange Commission, SEC, in connection with its upcoming 2024 Annual Meeting of Shareholders. In connection with the filing, the Norfolk Southern Board of Directors: Announced its slate of 13 highly qualified nominees for the 2024 Annual Meeting, including two new, deeply experienced independent director candidates, Richard H. Anderson, former CEO of Amtrak and Delta Air Lines, and Mary Kathryn "Heidi" Heitkamp, former U.S. Senator. Confirmed its unanimous support for the company's strategy that balances safe and reliable service, continuous productivity improvement and smart growth under the leadership of CEO Alan Shaw. The strategy is designed to deliver top-tier EPS and revenue growth at industry-competitive margins. Rejected Ancora's control slate of eight nominees as well as its strategy.
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KKR AVGO | Hot Stocks08:35 EST KKR to acquire EUC division from Broadcom in $4B transaction - KKR (KKR) announced the signing of a definitive agreement with Broadcom (AVGO) to acquire its end-user computing division, or EUC Division, in a transaction valued at approximately $4B. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic focus on empowering customers and partners worldwide with innovative digital workspace solutions. KKR is making its investment primarily through its North America Fund XIII. The transaction is expected to close in 2024, subject to customary closing conditions, including regulatory approvals.
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CTCX | Hot Stocks08:35 EST Carmell announces product development completed for G.L.E.E launch - Carmell Corporation has completed product development of their Gold Limited Edition Exclusive product for commercial launch in March 2024. Additionally, the Company is in advanced stages of development and testing of 9 other skincare products anticipated to launch over Spring and Summer 2024. The Carmell skincare product portfolio: Carmell G.L.E.E. - limited edition exclusive product by invitation only. Launching in March 2024. Youth Restoring formula - daily cream to reduce the appearance of wrinkles and blemishes. Treatment Enhancing formula - for use by professional care providers to soothe and repair the skin barrier following aesthetic treatments. Rapid Recovery formula - for use by professional care providers to accelerate recovery. Undereye AM formula - reduce the appearance of dark circles and crepey skin as well as photoprotection during the daytime. Undereye PM formula - calm and strengthen undereye skin at bedtime. Ultra-Brightening formula - extra strength anti-blemish and skin brightening action. Ultra-Hydrating formula - extra strength skin hydrating and plumping action. Ultra-Gentle formula - formulated for daily use for the most sensitive skin types. MotherCare formula - formulated for sensitive and mechanically stressed skin during pregnancy.
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NRXP | Hot Stocks08:35 EST NRx Pharmaceuticals launches HOPE Therapeutics at BIO Conference - NRx Pharmaceuticals announced that Dr. Jonathan Javitt, Chairman and Chief Scientist of NRx Pharmaceuticals, will present a corporate overview at the BIO CEO & Investor Conference, which is scheduled to take place February 26-27, 2024, at the Marriott Marquis in New York City. "Subsequent to our announcement last week, we are in the process of completing a Memorandum of Understanding that may enable us to begin sales of IV ketamine to qualified clinics in partnership with a holder of a nationwide pharmacy license. Additionally, we will be updating investors with regard to our plans to add a digital therapeutic component to our ketamine offering that has potential to extend the clinical benefit to patients." said Dr. Javitt. "We thank our investors for their support and look forward to updating the public on our progress towards building a lifesaving therapy."
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IRON | Hot Stocks08:33 EST Disc Medicine appoints Pamela Stephenson as CCO - Disc Medicine announced the appointment of Pamela Stephenson, MPH as the company's Chief Commercial Officer. Ms. Stephenson will be responsible for all aspects of Disc's global commercialization strategy and execution. Most recently, she served as the Chief Commercial Officer of Albireo. In connection with Ms. Stephenson's appointment, Disc granted to Ms. Stephenson an inducement equity award outside of Disc's Amended and Restated 2021 Stock Option and Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4), comprised of an option to purchase 55,000 shares of Disc's common stock, at an exercise price equal to the closing price of the Common Stock on the date of grant, and a restricted stock unit award for 36,666 shares of Common Stock.
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SPNS | Hot Stocks08:33 EST Sapiens, DataCrest forge partnership to elevate underwriting precision - Sapiens International Corporation and DataCrestannounced the formation of a strategic partnership to revolutionize the application process and drive premium growth for P&C insurers. "The collaboration between Sapiens and DataCrest promises a multitude of benefits for P&C insurers, including an advanced front-end solution designed to streamline applications/submission intake and boost efficiencies to improve underwriting decision making," said DataCrest's CEO Tom Young. "With DataCrest's expertise and Sapiens' cutting-edge solutions, this partnership aims to redefine industry standards by increasing the ease of doing business, driving premium growth, and lowering loss ratios."
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MOD | Hot Stocks08:32 EST Modine Manufacturing acquires Scott Springfield Manufacturing - Modine announced that it had entered into a definitive agreement to acquire Scott Springfield Manufacturing, a leading manufacturer of air handling units, AHU. With this transaction, Modine will gain immediate access to a highly complementary product portfolio and a blue-chip customer base in several strategic end markets, including hyperscale and colocation data centers, telecommunications, healthcare and aerospace. "We are excited to welcome the Scott Springfield team to the Modine family and continue to advance our complete suite of products in the data center area, as well as expand our indoor air quality offerings," said Neil D. Brinker, President and Chief Executive Officer of Modine. "The acquisition is right in line with our transformation and will bring Modine a product line and customer base in high-growth markets that fully complement and expand our current reach, including to hyperscale data center operators."
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LIXT | Hot Stocks08:32 EST Lixte Biotechnology enters patent license agreement with NINDS, NCI - LIXTE Biotechnology Holdings announced the signing of an exclusive patent license agreement with the National Institute of Neurological Disorders and Stroke and National Cancer Institute, each a component of the National Institute of Health. Under the terms of the license agreement, LIXTE has licensed exclusively NIH's intellectual property rights claimed for a Cooperative Research and Development Agreement subject invention co-developed with Lixte, and the licensed field of use, which focuses on promoting anti-cancer activity alone, or in combination with standard anti-cancer drugs. The scope of this clinical research extends to checkpoint inhibitors, immunotherapy, and radiation for the treatment of cancer.
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REKR | Hot Stocks08:30 EST Rekor Systems announces early redemption of senior secured notes - Rekor Systems announced its decision to early redeem all $12,500,00 of its outstanding Senior Secured Notes. This reflects the Company's commitment to strengthening its balance sheet and removes a first priority lien on all the Company's assets. The redemption of all outstanding SSNs is expected to occur on March 4, 2024. A portion of the proceeds of a recent public offering were allocated to the repayment of the SSNs and holders of the SSNs also agreed to receive $1,875,000 of the redemption price in the form of 750,000 unregistered common shares at $2.50 per share. Robert A. Berman, Rekor's Chairman and CEO, is one of the holders of the SSNs.
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AVTBF | Hot Stocks08:29 EST Avant Brands restructures loan agreements to extend term, decrease payments - Avant Brands has entered into amendments with respect to certain outstanding debts of the Company. Avant has entered into a promissory note extension agreement, with MENA Investment Network pursuant to which certain amendments were made to the terms of the original promissory note dated July 31, 2023. The Extension Agreement benefits the Company as the Note's $720,000 balance, originally due on the Note's due date, will now be paid through monthly installments until the amended maturity date of July 12, 2024. The Note bears interest at a rate of 12% percent per annum. Subject to final approval of the TSX, as consideration for entering into the Extension Agreement, Avant: issued 672,897 common shares of the Company to MENA; and subject to certain conditions will additionally issue such number of common shares of the Company on July 12, 2024, equal to $50,000 divided by the five-day volume weighted average price of the common shares of the Company on the Toronto Stock Exchang. Avant has entered into a partial equity conversion agreement with F-20 Developments Corp. reducing Avant's quarterly payments to F-20 by more than $1,250,0000. Additionally, Avant and F-20 have executed an amended and restated convertible debenture, replacing in its entirety the debenture dated February 1, 2023. Subject to final approval of the TSX, and in accordance with the Equity Conversion Agreement, Avant has made a voluntary prepayment to F-20 against the principal balance of $4,750,000 in the amount of $1,400,000 through the issuance of 16,355,140 common shares of the Company. Additionally, Avant issued 1,375,000 common share purchase warrants to acquire common shares of the Company at an exercise price of $0.25 on or before February 23, 2026, subject to acceleration by the Company in the event that the 20-day VWAP of the Common Shares on the TSX exceeds $0.85. Terms of the A&R Debenture include: a maturity date extension to October 29, 2025; monthly amortized payments of approximately $150,000; and the amended note shall bear an interest rate of 15% per annum.
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ARWYF | Hot Stocks08:27 EST ARway hires Soumic Sarkar as computer vision, machine learning engineer - ARway.ai announced Soumic Sarkar as a new Computer Vision and Machine Learning Engineer to its existing team bringing its total AI team to eleven as it ramps up its spatial computing platforms capabilities. With an academic foundation holding a Ph.D. in Control and Automation from the Indian Institute of Technology Delhi, and a rich professional history that includes contributions to robotic navigation, sensor fusion, and autonomous systems design, Mr. Sarkar's expertise is set to propel ARway.ai's spatial computing platform to new heights.
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FURY NEM | Hot Stocks08:26 EST Fury Gold Mines consolidates interests at Eleonore South gold project - Fury Gold Mines (FURY) announce that Fury and certain affiliates of Newmont Corporation (NEM) have entered into an agreement whereby Fury will purchase Newmont's 49.978% interest in Eleonore South for C$3M. As part of the consolidation of Eleonore South, Fury has also agreed to purchase Newmont's 30,392,372 shares of Sirios Resources for C$1.3M. The Sirios shares will be acquired for investment purposes and Fury will evaluate its investment in Sirios on an ongoing basis with respect to any possible additional purchases or dispositions. Completion of the purchase is subject to certain conditions precedent and is expected to close in late February or early March 2024. "We value the strong relationship with Newmont and are confident that this transaction is a positive outcome for both companies," commented Tim Clark, CEO of Fury. "Our team has historically ranked the ESJV as one of our more prolific targets for discovery. As such, we are excited to now have 100% ownership as we expect this to provide a clearer pathway for more exploration and potential upside in returns for our investors from this project consolidation and investment in Sirios."
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MTEK | Hot Stocks08:24 EST Maris-Tech launches Emerald raw video recording solution - Maris-Tech announced the launch of the Emerald, a Jupiter-based multiple-channel high-definition and standard-definition raw video recording platform especially designed for defense armored vehicles.
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ENPH | Hot Stocks08:24 EST Enphase Energy starts shipping home energy systems in Italy - Enphase Energy has started production shipments of its most powerful home battery to-date, the IQ Battery 5P, for customers in Italy. The IQ Battery 5P is a modular design with 5 kWh capacity and can be paired with the new IQ8 Microinverters to provide homeowners reliable electricity to use whenever they need it.
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BOF | Hot Stocks08:23 EST BranchOut Food receives two new orders from warehouse club - BranchOut Food has broadened its existing relationship with the nation's largest warehouse club following sales of its popular Pineapple Chips product in the California regions. The club retailer has now committed to two new orders valued at nearly $900,000, scheduled for Q3 2024, placing the product again in the Northern California Region, plus seven additional states across the Southeast. The retailer's Southeast region is one of its largest and includes Florida, Georgia, Alabama, South Carolina, North Carolina, and Tennessee. Several other regions are now reviewing BranchOut Food's products and sales data as well. BranchOut expects to begin delivery of products in the third quarter of 2024.
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HOTH | Hot Stocks08:22 EST Hoth Therapeutics engages Altasciences to perform key study for HT-KIT - Hoth Therapeutics announced that it has completed bioanalytical method development under its prior agreement with Altasciences and plans to further engage Altasciences to perform a key study of mouse blood and plasma analysis from samples collected in Hoth's sponsored scientific research conducted at NC State University. The blood and plasma samples collected are part of a dose response study in a humanized mouse model. The upcoming study will use the newly validated bioanalytical method developed at Altasciences to test the amount of HT-KIT from the dose response study and help determine how long HT-KIT remains in the blood stream post dosing. "We continue to make strides in moving HT-KIT from the lab to patients and this further analysis will help us with that process as a final step in the preclinical development that allows us to finalizing the protocols in our upcoming IND-enabling," stated Robb Knie, Chief Executive Officer. "We are pleased to further engage Altasciences on these studies given its great reputation for full-service solutions including preclinical safety testing, clinical pharmacology and bioanalysis."
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MLTX | Hot Stocks08:22 EST MoonLake announces feedback from FDA, EMA on path for sonelokimab program - MoonLake Immunotherapeutics announced the outcome of its end-of-Phase 2 interactions with the U.S. Food and Drug Administration, as well as positive feedback from its interactions with the E.U. European Medicines Agency, with both regulatory bodies unanimously supporting MoonLake's proposed approach for advancing its Phase 3 program of the Nanobody sonelokimab in hidradenitis suppurativa. The Phase 3 program, named VELA, is expected to enroll 800 patients and in combination with the data from Phase 2 MIRA trial will support both a Biologics License Application and E.U. Marketing Authorization Application. The Phase 3 trial design will compare a single SLK dose to placebo over a 16-week period, with the placebo group subsequently transitioning to SLK 120mg. The primary endpoint and key secondary endpoints read out at week 16. The VELA trial program is designed to run for 52 weeks followed by an open-label extension The number of patients, the straightforward trial design, the similarity of protocol to the Phase 2 trial, and the identification of the HS dose, collectively, enhance the clarity of SLK's clinical development and displays promise for the HS franchise. The readout of the primary endpoint is anticipated in mid-2025. Additionally, MoonLake plans to have an end-of-Phase 2 meeting with the FDA regarding its psoriatic arthritis (PsA) program in Q2 2024 and begin the Phase 3 program in Q4 2024.
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OBIO MDT | Hot Stocks08:19 EST Orchestra BioMed presents new data on long-term effect of AVIM therapy - Orchestra BioMed Holdings (OBIO) announced the presentation of new data demonstrating the long-term effect of atrioventricular interval modulation therapy on generating clinically-meaningful reductions in 24-hour ambulatory systolic blood pressure in pacemaker-indicated patients with uncontrolled hypertension despite the use of antihypertensive medications. The data were presented by Avi Fischer, M.D., Senior Vice President of Medical Affairs and Innovation of Orchestra BioMed in a scientific session at the Innovation in Cardiovascular Interventions 2024 Meeting. Reduction in aSBP measured at 6 months from randomization and therapy activation was the primary endpoint of the MODERATO II study, a European multi-center, double-blind, randomized pilot study involving 47 subjects. Patients randomized to AVIM therapy and antihypertension medication in that study experienced an 11.1 mmHg reduction in mean aSBP at 6 months follow-up, resulting in a statistically significant difference of 8.1 mmHg compared to control patients who were managed only with antihypertensive medications. Long-term blood pressure results are from a follow-up study of 16 patients originally enrolled in the MODERATO II study. This group included eight patients from the MODERATO II AVIM treatment arm and eight control arm patients that crossed over to AVIM therapy at the end of the 6-month double-blind phase. Each patient's aSBP was measured an average of 3.6 years following original initiation of AVIM therapy. As a group and based on individual paired data, these patients continued to experience a statistically significant, clinically meaningful mean aSBP reduction of 8.9 mmHg, identical to the 8.9 mmHg mean reduction in aSBP seen in this same group of patients at the 6-month primary aSBP measurement endpoint of the original study. AVIM therapy is an investigational patented bioelectronic therapy, administered using a standard dual-chamber pacemaker, designed to immediately, substantially and persistently reduce blood pressure. Orchestra BioMed and Medtronic plc (MDT) formed a strategic collaboration for the development and commercialization of AVIM therapy for hypertensive pacemaker patients in July 2022. If AVIM therapy is approved by the U.S. Food and Drug Administration, Medtronic will have exclusive global rights to commercialize AVIM-enabled pacing systems for this target population, and Orchestra BioMed will share in the revenues generated from Medtronic sales of the AVIM-enabled pacing systems. Orchestra BioMed is actively enrolling patients in the BACKBEAT pivotal study, a global, multi-center, prospective, randomized, double-blind study investigating the efficacy and safety of AVIM therapy in patients who have recently undergone implantation of a Medtronic dual-chamber cardiac pacemaker and have uncontrolled hypertension despite the use of antihypertensive medications. The study's primary efficacy endpoint will determine at three months post-randomization whether AVIM-treated patients experience a statistically significant reduction in aSBP as compared to control patients.
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VATE | Hot Stocks08:17 EST INNOVATE Corp. announces rights offering for common stock - INNOVATE Corp. Board of Directors has approved a plan to proceed with and fixed a record date for an $19.0 million rights offering for its common stock. All INNOVATE stockholders will have the opportunity to participate in the offering and subscribe for their basic subscription amount of newly issued shares of common stock in proportion to their respective existing ownership amounts. INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering. If the aggregate subscriptions exceed the amount offered in the rights offering, then the aggregate over-subscription amount will be pro-rated among the stockholders exercising their respective over-subscription privileges based on the basic subscription amounts of such stockholders. The Company will distribute to each holder of the Company's common stock as of March 6, 2024 one transferable subscription right to purchase shares of the Company's common stock at a price to be determined prior to commencement of the rights offering. Holders of the Company's existing preferred stock and convertible notes that are entitled to participate in dividend distributions to holders of the Company's common stock will also be entitled to participate in the rights offering. The offering will expire at 5:00 PM Eastern Time on March 25, 2024, unless extended by the Company. The Company expects to mail subscription rights certificates evidencing the rights and a copy of the prospectus supplement for the offering to record date stockholders beginning on March 8, 2024. The rights offering will be backstopped by Lancer Capital an investment fund led by Avram A. Glazer, the Chairman of the Board and the Company's largest stockholder. Lancer Capital will not be permitted to exercise or transfer any subscription rights received by it, or to acquire other rights, in the rights offering, which rights are required to be held by Lancer Capital until the expiration thereof. Due to limitations of common stock that can be acquired by Lancer Capital, in lieu of exercising its subscription rights, Lancer Capital will purchase up to $19.0 million of the Company's newly issued Series C Non-Voting Participating Convertible Preferred Stock, for an issue price of $1,000 per share. In connection with the backstop commitment, and as a result of limitations in the amount common equity that can be raised under the Company's effective shelf registration statement on Form S-3, Lancer Capital will also agree to purchase an additional $16.0 million of Preferred Stock in a private placement transaction to close concurrently with the settlement of the rights offering. The Preferred Stock terms will include a liquidation preference junior to the Company's existing preferred stock and equal to the Company's common stock.
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IFNNY ARW | Hot Stocks08:15 EST Arrow Electronics and Infineon team to accelerate automotive electrification - Arrow Electronics (ARW) and its engineering services company, eInfochips, are working with Infineon Technologies (IFNNY) to help eInfochips' customers accelerate the development of electric vehicle EV chargers. Development of EV chargers, especially DC "fast chargers," is becoming increasingly challenging to equipment manufacturers due to several factors, such as lack of prior experience, stringent functional safety and reliability requirements, and a fledgling support network. The collaboration between Arrow and Infineon aims to help innovators navigate these challenges while accelerating time-to-market. As part of the collaboration, Arrow's High Power Center of Excellence has developed a 30kW DC fast charger reference platform. This includes Infineon's 1200V CoolSiC Easy power modules and also hardware design, embedded firmware, bi-directional charging support and energy metering functionality. "Combining Arrow's strength in components, engineering and design services with Infineon's innovative products will help customers accelerate their design and speed to market in e-mobility applications," said Murdoch Fitzgerald, vice president, global engineering and design services at Arrow. "
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BYSI | Hot Stocks08:14 EST BeyondSpring regains compliance with Nasdaq minimum bid price rule - BeyondSpring announced that on February 20, 2024, the Company received a written notification on minimum bid price compliance from The Nasdaq Stock Market that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). In the Notification Letter, the staff of Nasdaq has determined that for the 10 consecutive business days from February 5, 2024 to February 16, 2024, the closing bid price of the Company's ordinary shares had been at $1.00 per share or greater. Accordingly, the bid price deficiency matter as previously disclosed is now closed. In addition, on February 20, 2024, the Company received a written notification on periodic filing compliance from Nasdaq that it has met the periodic filing requirement for Nasdaq Listing Rule 5250(c)(2). In the Letter, the staff of Nasdaq has determined the Company complies with the Rule as the Company filed its Form 6-K for the period ended June 30, 2023 on February 2, 2024. Accordingly, the filing delinquency matter as previously disclosed is now closed.
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MFG | Hot Stocks08:13 EST Mizuho Americas names Rose Zhang as brand ambassador - Mizuho Americas, part of one of the largest financial institutions in the world and title sponsor of the Mizuho Americas Open, today announced Rose Zhang, the 2023 Mizuho Americas Open champion who immediately prior spent a record 141 weeks as the top-ranked amateur in the world, as an official brand ambassador. She joins Michelle Wie West and Ayaka Furue representing "Team Mizuho." Upon winning the Mizuho Americas Open, Zhang became the first player since 1951 to win in her professional debut on the LPGA Tour. Since turning pro, Zhang has recorded seven top-10 finishes and represented the United States during the 2023 Solheim Cup.
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BFRG | Hot Stocks08:12 EST Bullfrog AI appoints Thomas Chittenden as CSO - BullFrog AI announced the appointment of Dr. Thomas Chittenden, PhD, DPhil, PStat, as its new Chief Scientific Officer. With a distinguished career at the intersection of artificial intelligence, machine learning, drug discovery, and biostatistics, Before joining BullFrog AI, Dr. Chittenden served as the Chief Scientific Officer and President of Research and Development at BioAI Health. At BullFrog AI, Dr. Chittenden will lead the scientific strategy to further develop and implement cutting-edge AI-driven platforms for drug discovery and development. His vision for integrating AI and machine learning with biostatistics will be crucial in driving BullFrog AI's mission to accelerate the pace of drug development and bring innovative treatments to patients faster.
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AGTI | Hot Stocks08:11 EST Agiliti to be taken private in $10.00 per share merger agreement - Agiliti announced that it has entered into a definitive merger agreement pursuant to which an affiliate of private equity firm Thomas H. Lee Partners, the company's majority shareholder, will acquire all outstanding shares of Agiliti common stock not currently owned by THL and its affiliates and certain management shareholders for $10.00 per share in cash, implying an enterprise value of approximately $2.5B. The purchase price represents premia of approximately 39% and 43% over Agiliti's 30-day and 90-day volume weighted average price per share, respectively, as of February 23, 2024, the last trading day prior to public disclosure of the transaction. A special committee of the Agiliti board of directors, comprised solely of non-management directors not affiliated or associated with THL and advised by its own independent legal and financial advisors, determined that the proposed transaction is in the best interest of Agiliti and its shareholders. Acting upon the unanimous recommendation of the Special Committee, the Agiliti board of directors approved the transaction. The transaction is expected to close in the first half of 2024, subject to customary closing conditions. The transaction has been approved by THL Agiliti LLC in its capacity as the majority shareholder of Agiliti and no other shareholder approval is required. Upon completion of the transaction, Agiliti will become a private company and will no longer be publicly listed or traded on the New York Stock Exchange.
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MKTX | Hot Stocks08:11 EST MarketAxess appoints Ilene Fiszel Bieler as CFO - MarketAxess Holdings announced the appointment of Ilene Fiszel Bieler as Chief Financial Officer. Ms. Fiszel Bieler is currently expected to start with MarketAxess on or about May 22 . Ms. Fiszel Bieler replaces Christopher Gerosa, who left the Company on January 31. Chris Concannon, CEO of MarketAxess, commented, "Ilene's diverse financial services background and unique operational experience will be instrumental to our continued growth. The Board, along with Executive Chairman Rick McVey, and I all look forward to her partnership and leadership of the finance organization at MarketAxess."
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LAB | Hot Stocks08:11 EST Standard BioTools, NGD partner for automation of pathogen sequencing - Standard BioTools and Next Gen Diagnostics announce the execution of a long-term agreement aimed at revolutionizing the automation of sample preparation for pathogen whole genome sequencing. Under the exclusive agreement, Standard BioTools will manufacture the NGD-100, a version of its microfluidics-based Biomark X9 System customized for NGD and optimized for automated pathogen WGS library preparation.
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STRL | Hot Stocks08:09 EST Sterling Infrastructure's RHB awarded $155M contract for airport in Hawaii - Sterling Infrastructure announced that its Road and Highway Builders, RHB, subsidiary, 50% owned, has been awarded a $155 million contract for runway extension at the Lihue Airport located in Kauai, Hawaii. The award will be included in first quarter 2024 backlog. The Lihue Airport project is part of Hawaii's Airport Modernization Program, which is transforming the state's airports into world-class facilities. RHB's scope of work includes excavation, drain pipe installation, structural concrete wall installation, and asphalt. The project is expected to start in April 2024 and has a two-and-a-half-year duration.
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MTNB | Hot Stocks08:09 EST Matinas BioPharma provides update from Compassionate/EUA Program with MAT2203 - Matinas BioPharma provided an update from its ongoing Compassionate/Expanded Use Access Program with MAT2203, the Company's proprietary, LNC-delivered oral formulation of the broad-spectrum antifungal drug amphotericin B. To date, 19 patients have been enrolled in the Program at prestigious healthcare institutions, including the University of Michigan, Johns Hopkins, Nationwide Children's Hospital, City of Hope, Vanderbilt University Medical Center, the National Institutes of Health, Children's Hospital of Philadelphia, Memorial Sloan Kettering Cancer Center, and the University of California, San Diego School of Medicine. The majority of enrolled patients are post-transplant or are undergoing treatment for underlying malignancies. The infections being treated with MAT2203 include a variety of micro-organisms occurring at multiple sites of infection, including brain, bladder/colon, bone, lung, sinus, and skin. Most patients were receiving AmBisome prior to enrollment but developed treatment-limiting nephrotoxicity and most also required treatment for either azole-resistant organisms or had clinically failed azole therapy and had no other treatment options. Of the 19 patients enrolled in the Program, 15 have available follow-up and 4 recently initiated or will soon commence treatment with MAT2203. 12 of the 15 patients had either complete clinical resolution or objective improvement in clinical markers of infection. Of the 5 patients who completed their full individually specified course of treatment all have had complete clinical resolution with no relapses or recurrence of their infection. 5 additional patients have shown objective improvement in clinical markers and are continuing treatment with MAT2203 as planned. 5 of the 15 patients were unable to complete their individually specified course of treatment, although 2 saw significant clinical improvement of their fungal infection and are included in the 12 overall successful cases. 2 patients transitioned to palliative care shortly after starting therapy with MAT2203 because of unanticipated progression of their malignant disease. 1 patient discontinued therapy after two days due to underlying GI issues. 1 patient passed away due to progression of their underlying disease approximately 8 weeks into therapy. 1 patient discontinued MAT2203 treatment following 10 weeks of therapy due to underlying GI issues but with improvement in their fungal infection. Importantly, all patients who experienced renal toxicity following treatment with AmBisome saw their renal function return to baseline after transitioning to MAT2203 therapy and suffered no further renal side effects over the course of extended treatment with MAT2203.
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STRL | Hot Stocks08:09 EST Sterling Infrastructure announces RHB awarded projects totaling $78M by NDOT - Sterling Infrastructure announced that its Road and Highway Builders, RHB, subsidiary, 50% owned, has been awarded two highway projects totaling $78 million by the Nevada Department of Transportation, NDOT. The awards are included in fourth quarter 2023 backlog. The $49 million NDOT 3996 Lohantan project involves 17 miles of highway widening and reconstruction, new bridge construction, and new drainage systems. RHB will operate a portable asphalt plant and aggregate crushing plant on site. The project will begin in late February and is expected to be completed in 2024. The $29 million NDOT 4501 Tonopah project involves 15 miles of highway widening and reconstruction and new water and sewer facilities for the town of Tonopah. RHB will operate a portable asphalt plant and aggregate crushing plant on site. The project is slated to begin in March and is expected to be completed in 2024
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GDOT | Hot Stocks08:08 EST Green Dot appoints Michael Meston as chief human resources officer - Green Dot announced the appointment of Michael Meston as chief human resources officer. Meston will play a key role in the company's evolution as a performance-driven platform company that now operates primarily in a remote "work from anywhere" model. He will report directly to CEO George Gresham.
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BIOR | Hot Stocks08:07 EST Biora Therapeutics completes SAD cohorts of Phase 1 trial of BT-600 - Biora Therapeutics announced completion of the single-ascending dose cohorts for its phase 1, first-in-human clinical study of BT-600 in healthy adult volunteers. BT-600 is a drug-device combination consisting of the orally administered NaviCap device which delivers a unique, liquid formulation of tofacitinib to the colon for the potential treatment of moderate to severe ulcerative colitis.
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STGW | Hot Stocks08:07 EST Stagwell's Anomaly Alliance enters agreement with WNP - Stagwell has reached an agreement to acquire WHAT'S NEXT PARTNERS, WNP, a French digital brand and marketing consultancy specializing in data-powered strategies, integrated communications, and creative content. WNP will become the first co-branded member of the Anomaly Alliance in a partnership model designed to expand Anomaly's global footprint beyond its existing offices in New York, Los Angeles, Toronto, London, Berlin, and Shanghai. "2023's exceptional new business pipeline made it clear Stagwell's proposition resonates with clients," added Mark Penn, Chairman and CEO, Stagwell. "We're all-in on expanding our unique tech-forward approach to transforming marketing in France and Europe more broadly. In 2024, we're excited to welcome tested leaders like WNP and Guy and to build a best-in-class European team to support our clients and our talent."
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HUM | Hot Stocks08:06 EST Humana in starategic partnership with for accurracy in provider directories - Humana announced a strategic partnership with Veda, Humana will partner with Veda to improve the accuracy of its provider information and ensure that seniors have real-time details about in-network providers, making it easier for them to access high-quality healthcare. Ensuring the accuracy of provider directories has been the source of ongoing challenges for seniors, health plans, providers and policymakers. Maintaining up-to-date provider directories, including accurate phone numbers, addresses and panel status of in-network practitioners, is critical to helping seniors make informed choices about their healthcare. While Humana historically was making millions of calls annually to confirm provider data, ongoing inconsistencies and inaccuracies in these directories can make it harder to find a provider and lead to administrative burden for seniors, providers, and health plans. CMS about how such a
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KRYS | Hot Stocks08:06 EST Krystal Biotech sees 2024 non-GAAP R&D, SG&A expense $150M-$175M
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STLD | Hot Stocks08:06 EST Steel Dynamics increases quarterly dividend 8% to 46c per share - Steel Dynamics announced that the company's board of directors declared a first quarter cash dividend of $0.46 per common share, or 8% increase over the company's 2023 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2024 and is payable on or about April 14, 2024. "We are pleased that our board of directors took this action, based on our confidence in the current and anticipated future strength of our cash flow generation capability and our strong financial position," said Mark Millett, Chairman and Chief Executive Officer. "We have consistently grown our cash dividend to shareholders in alignment with our structural growth initiatives, maintaining a strong cash dividend growth profile. We believe this action reflects the strength of our capital structure and liquidity profile, the continued optimism and confidence in our prospects to strategically grow, while staying committed to maintaining our investment grade credit rating."
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ICCM | Hot Stocks08:05 EST IceCure Medical announces new preliminary data on ProSense - IceCure Medical announced new data from a preliminary, independent breast cancer study conducted by Principal Investigator and ProSense user, Dr. Federica. di Naro, of Azienda Ospedaliero-Universitaria Careggi, Diagnostic Senology Unit in Florence, Italy. IceCure previously announced interim results from this study on October 5, 2023. ProSense is approved in Italy for numerous indications, including breast cancer. In the single-site study conducted between January 2022 and January 2024, ultrasound-guided cryoablation using ProSense was performed on 39 women aged 60-92, who had biopsy-proven malignant lesions, and were deemed inoperable due to advanced age and comorbidities, or who refused surgery. Patients were monitored at 1, 3, 6 and 12 months post-procedure, at which time the tumor size reduction rate was evaluated by ultrasound. The median breast cancer tumor size reduction rates reported in the study were as follows:1 month: 27.8%; 3 months: 60.9%; 6 months: 100.0%; 12 months: 100.0%
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AHT | Hot Stocks08:03 EST Ashford Hospitality provides update on plan to pay off strategic financing - Ashford Hospitality Trust provided an update on its previously announced plan to pay off its strategic financing which has a final maturity date in January 2026. This plan includes raising capital through a combination of asset sales, mortgage debt refinancings, and its non-traded preferred capital offering. The Company currently has three assets under Purchase and Sale Agreements and three additional assets under Letters of Intent. The combined sales prices of these six assets total more than $220 million. Additional assets are at various stages of the marketing process, and the Company plans to provide further updates in its earnings release this week. The Company provides no assurances that these sales will be completed. "As we announced last month, we are focused on paying off our strategic corporate financing in 2024," commented Rob Hays, Ashford Trust's President and Chief Executive Officer. "We are making tangible progress with the plan and will continue to provide updates to our shareholders along the way. Between the excess proceeds from planned asset sales, excess proceeds from planned property refinancings, and proceeds from our non-traded preferred capital raise, we believe we have a viable path to pay off our strategic financing this year."
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COGT | Hot Stocks08:03 EST Cogent Biosciences expects cash to fund requirements into 2027 - As of December 31, 2023, Cogent had cash, cash equivalents and marketable securities of $273.2 million. Cogent believes this year-end balance, together with the gross proceeds from the $225.0 million oversubscribed private placement, which closed February 16, 2024, will be sufficient to fund its operating expenses and capital expenditure requirements into 2027, including through clinical readouts from the ongoing SUMMIT, PEAK and APEX registration-directed trials.
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SVFD | Hot Stocks08:00 EST Save Foods commences commercial activity in Brazil - Save Foods announced the commencement of commercial activity in Brazil. The Company's entry into the Brazilian market was facilitated by the Company's local exclusive distributor after confirming that Save Foods' solutions comply with local regulations. With regulatory barriers unhindered, the Company's distributor is set to start marketing an ordering process.
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MCHP | Hot Stocks07:59 EST Microchip launches new family of dsPIC-DSC-based integrated motor drivers - To implement efficient, real-time embedded motor control systems in space-constrained applications, Microchip Technology has launched a new family of dsPIC Digital Signal Controller-based integrated motor drivers. These devices incorporate a dsPIC33 digital signal controller, a three-phase MOSFET gate driver and optional LIN or CAN FD transceiver into one package. A significant benefit of this integration is reduction in component count of the motor control system design, smaller printed circuit board dimensions and reduced complexity. The devices are supported by development boards, reference designs, application notes and Microchip's field oriented control (FOC) software development suite, motorBench Development Suite V2.45.
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ARAAF | Hot Stocks07:58 EST Aclara Resources secures 100% ownership of Carina Module mining rights - Aclara Resources announced that the second tranche of the earn-in agreement has been fulfilled, thus securing 100% ownership of the 8,490 hectares of mining rights comprising the Carina Module. On November 6, 2023, the Company had previously executed the first tranche of the earn-in agreement securing an initial 51% ownership interest. The Company has exercised the option to earn 100% interest of the Carina Module mining rights. In order to earn the remaining 49%, Aclara fulfilled the following conditions: Drilled 2,000 meters within the mining rights that constitute the Project, in addition to the first 2,000 meters drilled to earn the first tranche in 2023; Invested US$2.0 million in exploration expenses, in addition to the US$1.0 million previously invested in exploration expenses to earn the first tranche; and Paid the owner of the mining rights a total US$300,000, in addition to the US$200,000 previously paid to the mining rights owner to earn the first tranche. The earn-in agreement also considers a royalty payment to the previous owner of the mining rights when the project is in commercial production. Aclara has an option to acquire 100% of the royalty for US$6.5 million during the first year of commercial production. The purchase of the royalty is included in the financial model that underpins the Carina Module Preliminary Economic Assessment released by the Company on January 23, 2024.
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NB | Hot Stocks07:57 EST NioCorp delivers advance notice under Standby Equity Purchase Agreement - NioCorp Developments has delivered a written notice pursuant to the previously announced Standby Equity Purchase Agreement, dated January 26, 2023, requesting the purchase of 75,000 shares of the Company's common shares, without par value. The Company has elected an Option 2 Pricing Period. Subject to the satisfaction of certain conditions contained in the Standby Equity Purchase Agreement, the Advance Shares will be issued at a purchase price equal to 97% of the daily volume-weighted average price of the Common Shares on The Nasdaq Stock Market as reported on Bloomberg Financial Markets during a pricing period of three consecutive trading days commencing on the date hereof. The Company expects the issuance and sale of the Advance Shares will close on or about February 29, 2024.
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FRFHF ORLA | Hot Stocks07:55 EST Fairfax Financial announces acquisition of additional Orla Mining shares - Fairfax Financial Holdings (FRFHF) has acquired, through its insurance company subsidiaries, 800,000 common shares of Orla Mining Ltd. (ORLA) at an average price of $4.88 per Common Share, for an aggregate purchase price of approximately $3,903,000 through the facilities of the Toronto Stock Exchange. The Share Purchase represents approximately 0.25% of the issued and outstanding Common Shares of Orla and brings Fairfax's total holdings, through its insurance subsidiaries, of such securities to 55,405,229 Common Shares. Immediately prior to the Share Purchase, Fairfax, through its insurance company subsidiaries, beneficially owned and controlled 54,605,229 Common Shares, representing approximately 17.33% of the issued and outstanding Common Shares of Orla. The Common Shares were acquired by Fairfax for investment purposes, and in the future, it may discuss with management and/or the board of directors of Orla any of the transactions listed in clauses to of item 5 of Form F1 of National Instrument 62-103 - The Early Warning System and Related Take-over Bid and Insider Reporting Issues and it may further purchase, hold, vote, trade, dispose or otherwise deal in the securities of Orla, in such manner as it deems advisable to benefit from changes in market prices of Orla's securities, publicly disclosed changes in the operations of Orla, its business strategy or prospects or from a material transaction of Orla.
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IBIO OTSKY | Hot Stocks07:53 EST iBio to sell preclinical PD-1 agonist antibody program to Otsuka - iBio (IBIO) entered into an asset purchase agreement with Otsuka Pharmaceutical Co., (OTSKY), pursuant to which Otsuka acquired iBio's assets related to its early-stage programmed cell death protein 1 agonist program. The transaction closed on February 25, 2024. Under the terms of the Agreement, iBio will receive an upfront payment of $1.0 million in cash at closing. iBio will also be eligible to receive additional contingent cash payments totaling up to $52.5 million upon the achievement of certain pre-specified clinical development and commercial milestones.
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AMAT | Hot Stocks07:51 EST Applied Materials introduces portfolio for Angstrom Era chipmaking - At the SPIE Advanced Lithography + Patterning conference, Applied Materials, Inc. introduced a portfolio of products and solutions designed to address the patterning requirements of chips in the "angstrom era." As chipmakers transition to process nodes at 2nm and below, they increasingly benefit from new materials engineering and metrology techniques that help overcome EUV and High-NA EUV patterning challenges, including line edge roughness, tip-to-tip spacing limitations, bridge defects and edge placement errors.
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NFYEF | Hot Stocks07:50 EST NFI Group's Alexander Dennis says Enviro400EV bus completes Zemo testing - NFI Group's Alexander Dennis announced that its next-generation Enviro400EV electric double decker has completed the Zemo Partnership's zero-emission bus testing and certification program. The work, which was undertaken at UTAC's approved test facility at Millbrook Proving Ground, confirms an average energy consumption of just 0.67kWh/km across the UK Bus Cycle. This makes the next-generation Enviro400EV the most efficient battery-electric double decker tested to Zemo Partnership standards to date, delivering a 10% efficiency advantage over competitors' vehicles of comparable battery size.
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AEZS | Hot Stocks07:49 EST ISS recommends Aeterna Zentaris, Ceapro securityholders vote for merger - Aeterna Zentaris and Ceapro announced that independent proxy advisor Institutional Shareholder Services recommended that both companies' securityholders vote FOR the all-stock merger of equals transaction pursuant to the terms announced on December 14, 2023. Following its assessment of the Transaction, ISS stated in its Aeterna Zentaris VOTE FOR recommendation, among other things, that: "On balance, the deal has strong strategic merit, third party solicitation was unable to generate any other actionable proposals, and governance conflicts appear to have been reasonably managed." ISS noted, among other things, in its Ceapro VOTE FOR recommendation: "The arrangement is the result of arm's length negotiations between the parties and carries sound strategic logic."
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MKL | Hot Stocks07:48 EST Markel appoints Mike Heaton as Executive VP, COO - Markel Group announced that Mike Heaton will become Executive Vice President, VP, and Chief Operating Officer, COO, effective today. In this expanded role, he will oversee the day-to-day operations of the holding company and continue developing the system that supports Markel Group's family of companies. Heaton has a substantial track record supporting the businesses in Markel Group. Most recently, he was Executive Vice President, where he led the transformation from Markel Corporation to Markel Group.
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MRVL | Hot Stocks07:47 EST Marvell open sources OCTEON 10 ML/AI accelerator software - Marvell Technology announced the support for its OCTEON 10 processors in the Machine Learning Device Library, MLDEV, of the widely used Datapath Developer Kit, DPDK, open-source software project managed by the Linux Foundation. Through contributions accepted to the Apache TVM, Tensor Virtual Machine, project, developers can use open-source tools to build machine learning models that can be executed in OCTEON 10's integrated ML/AI acceleration engine, simplifying the adoption of these models for 5G Radio Access Network optimization.
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ABSSF | Hot Stocks07:47 EST AirBoss of America provides reportable segments update - Beginning with the fourth quarter and year ended December 31, 2023, AirBoss will report results under two reportable segments: AirBoss Rubber Solutions, and AirBoss Manufactured Products. The new Rubber Solutions segment will consist of the former rubber solutions segment and the rubber compounding operations at Acton Vale, Quebec previously included in the AirBoss Defense Group segment. The new Manufactured Products segment will consist of AirBoss Engineered Products, formerly a standalone segment, and AirBoss Defense Group, formerly a standalone segment. AirBoss' senior leadership team undertook an in-depth strategic review of the entire organization, which yielded a blueprint for a strategic transition related to the future growth of the Company. AirBoss' strategic transition is reflected in these new reportable segments. This transition will consolidate all rubber compounding operations into one segment, emphasizing this segment's ability to act as the core driver for sustainable growth and productivity. ARS will focus on innovation in custom rubber compounding, while aiming to expand market share through organic and inorganic means. The segment will strive to achieve enhanced diversification by a broadening of product breadth through technological advancements and investments in new specialty compounding assets. In addition, the Company will explore the mid-term monetization of its real estate holdings in an effort to build a state-of-the-art flagship rubber compounding facility while freeing up cash for inorganic growth. The new AMP segment will consolidate all operations which manufacture or distribute finished products to a variety of target markets including automotive, non-automotive and defense. AMP will continue to drive its own growth strategy while in parallel the Company undertakes an in-depth strategic review of all individual product lines this segment currently manufactures and sells, in order to assess their overall alignment with the new strategic direction of AirBoss. The Company will include supplemental unaudited information containing 8 quarters of historical financial information (from the first quarter of 2022 through the fourth quarter of 2023) for the two new reportable segments in its upcoming annual results. The supplemental historical business segment information will not represent a restatement or reissuance of previously issued financial statements and will relate entirely to segment presentation with no effect on previously reported consolidated results.
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AGI | Hot Stocks07:43 EST Ranchero provides update on disposition of Santa Daniela property - Ranchero Gold announced that further to its press releases dated December 27, 2023 and January 18, 2024 the Company held a special meeting of its shareholders on February 22, 2024 to seek approval for the disposition by Minera y Metalurgia Paika, S.A. de C.V.'s, a subsidiary of Ranchero, interests in four mineral licenses covering the Company's Santa Daniela property. A total of 41,653,711 common shares, representing 63.36% of the Company's outstanding shares were represented at the special meeting. The resolution put to shareholders related to the Disposition passed, with 99.99% of the shareholders represented at the meeting voting in favor. The Disposition remains subject to final TSX Venture Exchange approval. Furthermore, the remaining US$1,892,000 near-term cash payment will only be paid when the licenses have been officially transferred to Minas de Oro Nacional, S.A. de C.V., a wholly-owned subsidiary of Alamos Gold Inc. Separately, further to the press release dated November 21, 2023 related to the option agreement entered into between the Company and Rechange Resources Ltd., pursuant to which the Company has an option to acquire a 100% interest in the Pinchi Lake property, the Company has received confirmation from the TSX Venture Exchange of conditional approval for the Acquisition. The Acquisition is subject to the final approval of the TSX Venture Exchange, which includes the preparation and submission of a geological report and title opinion, both of which are in preparation.
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MRVL DELL | Hot Stocks07:43 EST Marvell collaborates to deliver NTT DOCOMO OREX RAN solutions - Marvell Technology (MRLV) announced it has collaborated with leading companies to develop Open RAN solutions for use in NTT DOCOMO's OREX RAN infrastructure. Together, Marvell, Dell Technologies (DELL), Fujitsu and Wind River have combined critical silicon, system and software expertise to create Open RAN offerings that are commercially available to NTT DOCOMO and other carriers. Open RAN is set to account for 20-30% of worldwide RAN revenues by 2028, up from 7%-10% in 2024, according to a February 2024 report by Dell'Oro Group. "By working in a collaborative ecosystem, Marvell is helping raise the performance of Open RAN systems, striving for power, functionality and features on par with traditional 5G RAN systems," said Will Chu, senior vice president and general manager, Custom, Compute and Storage Group at Marvell. "The fourth generation of Marvell OCTEON 10 technology meets the demanding requirements of NTT DOCOMO's OREX RAN specifications. We're excited to move the Open RAN market forward alongside NTT DOCOMO, Dell Technologies, Fujitsu and Wind River."
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ATNM | Hot Stocks07:42 EST Actinium Pharmaceuticals reported new analyses from Phase 3 SIERRA trial - Actinium Pharmaceuticals reported new analyses from the Phase 3 SIERRA trial of Iomab-B in oral presentations at the at the 2024 Tandem Meetings Transplantation & Cellular Therapy, TCT, Meetings of ASTCT. The presentations reported unprecedented 100% access to potentially curative bone marrow transplant and engraftment in evaluable patients with active relapsed or refractory acute myeloid leukemia and improved long-term survival outcomes greater than 2 years in patients age 65 or older. Patients with r/r AML age 65 and older who also have multiple comorbidities and high-risk cytogenetics have a poor prognosis are seldom offered BMT in current practice due to poor tolerance to induction and conditioning regimens and dismal outcomes. The SIERRA results presented at TCT demonstrate Iomab-B's ability to overcome multiple high-risk features including a TP53 genetic mutation, advanced age and treatment resistant disease. The two oral presentations at this year's TCT mark a total of ten oral presentations of the SIERRA results at various leading transplant, hematology and nuclear medicine conferences in the USA and Europe.
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ASTI | Hot Stocks07:42 EST Ascent Solar to fly space solar modules on NASA's LISA-T mission - Ascent Solar Technologies announced that the Company's solar module products will fly on NASA's upcoming Lightweight Integrated Solar Array and AnTenna mission, scheduled for launch this summer. The mission, led by NASA's Space Technology Mission Directorate and the agency's Marshall Space Flight Center in Huntsville, will demonstrate the capability to deploy large-area arrays on lightweight, low-cost and small spacecraft.
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DIS | Hot Stocks07:41 EST Blackwells presents 5-point strategic plan for Disney to 'recapture lost ground' - Blackwells Capital, LLC, a shareholder of The Walt Disney Company, released an excerpt from its upcoming investor presentation that details Blackwells' vision for the future of technology at Disney. In this presentation excerpt, available at www.TheFutureOfDisney.com, Blackwells presents a 5-point strategic plan to recapture lost ground, and identifies current technological shortcomings at Disney, including: Fragmentation; Unhurried Innovation; Missing Native Technology Stack; Spatial Computing; and AI Mediocrity. "Disney should be dominating in the fields of spatial computing and AI. Few companies have the potential of Disney to synthesize these revolutionizing technologies, and relate them to consumers with the impact, and ROI, that Disney can. Spatial Computing has far more relevance to Disney than it does to either Apple or Meta, for example," said Jason Aintabi, Chief Investment Officer of Blackwells. "Electing Leah Solivan to the board of Disney, will add considerable technological and entrepreneurial expertise, and drive greater management accountability around Disney's adoption of transformative technologies," continued Aintabi.
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KEY | Hot Stocks07:41 EST KeyCorp announces CAO Schosser to leave company, Gilbert to succeed - KeyCorp announced that Douglas Schosser, currently Chief Accounting Officer, CAO, will be leaving the company to pursue a senior executive position at another company, effective March 15, 2024. Stacy Gilbert will succeed him as KeyCorp's Chief Accounting Officer at that time. Gilbert has served as Corporate Controller of KeyCorp since August 2023. She previously served as Assistant Corporate Controller and Senior Director of External Reporting and Accounting Policy.
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KURA | Hot Stocks07:41 EST Kura Oncology doses first patient in KOMET-008 trial of ziftomenib - Kura Oncology announced that the first patient has been dosed in KOMET-008, the Company's Phase 1 trial of its menin inhibitor ziftomenib, in combination with gilteritinib, FLAG-IDA or LDAC for the treatment of NPM1-mutant or KMT2A-rearranged acute myeloid leukemia. KOMET-008 is a Phase 1 study designed to assess safety and tolerability, pharmacokinetics and evidence of clinical activity of ziftomenib in combination with gilteritinib, FLAG-IDA or LDAC for two genetically defined cohorts, NPM1-mutant AML and KMT2A-rearranged AML, in the relapsed/refractory setting. Trial participants will be enrolled in one of five dose escalation cohorts, including a cohort of NPM1-mutant AML patients with a documented FLT3 co-mutation, who will be treated in combination with the FLT3 inhibitor gilteritinib. Kura is conducting a series of studies to evaluate ziftomenib in combination with current standards of care in earlier lines of therapy and across multiple patient populations. In July, the Company began dosing patients in the first of these studies, KOMET-007, in combination with venetoclax and azacitidine in patients with relapsed/refractory NPM1-mutant and KMT2A-rearranged AML or in combination with standard induction cytarabine/daunorubicin chemotherapy in patients with previously untreated NPM1-mutant and KMT2A-rearranged AML. Kura reported positive preliminary data from 20 patients in KOMET-007 on January 30, 2024. Preclinical data for menin inhibitors in combination with multiple FLT3 inhibitors demonstrate strong synergistic effects compared to either single agent alone. Currently there are no other actively recruiting clinical trials evaluating the combination of a menin inhibitor with a FLT3 inhibitor for the treatment of AML.
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HHLKF | Hot Stocks07:40 EST Hot Chili advances regional water supply opportunity - Hot Chili Limited reports that the Company has completed an initial concept study for a potential water supply business for the Huasco valley region of Chile. While Costa Fuego's mine development plan considers the use of raw seawater for future processing, the Water Supply Concept Study confirms potential to also develop a large, multi-user, desalination water supply business.
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ATER | Hot Stocks07:39 EST Aterian extends asset backed credit facility with MidCap Financial - Aterian, has extended its asset backed credit facility with MidCap Financial, which is managed by a subsidiary of Apollo Global Management, Inc. The Credit Facility term has been extended to December 2026 and gives Aterian access to $17.0 million in current commitments which can be increased, subject to certain conditions, to $30.0 million. The Credit Facility extension reduces the minimum liquidity financial covenant from a peak of $15.0 million to $6.8 million of cash on hand and/or availability in the Credit Facility. The extension fee was less than $0.1 million.
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GEHC | Hot Stocks07:39 EST GE HealthCare, Biofourmis collaborate to extend patient monitoring - GE HealthCareand Biofourmis have announced a strategic collaboration aimed at enhancing continuity of care by enabling safe, effective, and accessible care in the home to support the patient journey beyond the hospital setting. The collaboration leverages the combined expertise of two market leaders to scale and deliver innovative care-at-home solutions. The goal of the GE HealthCare-Biofourmis collaboration is to enable more patients to go home earlier, and offer an alternative to facility-based care with the comfort and peace of mind that they are receiving high quality care at home with the intent of driving healthy behaviors in patients by managing them remotely. Moreover, insights from Biofourmis' FDA-cleared, AI-guided algorithms can help care teams deliver efficient, personalized care at home.
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LILM | Hot Stocks07:39 EST Lilium starts installation of assembly equipment for propulsion unit production - Lilium has started installation of state-of-the-art assembly equipment for the serial production of the Lilium Jet's propulsion units. Prototype Lilium Jet propulsion units are due to start coming off the new line in Q2 2024, to be used for testing and the flight test campaign. This development marks another important milestone in the industrialization of the Lilium Jet, following the start of production of the Lilium Jet in late 2023. For design and construction of the Lilium Jet's propulsion assembly line, Lilium has partnered with Schnaithmann Maschinenbau GmbH, the German automation and robotics company that is also supporting Lilium with workflow design and jigs and tools for Lilium's aerostructures assembly and the Lilium Jet final assembly line. Based near the automotive hub of Stuttgart, Schnaithmann is a global leader in designing and supplying automated, scalable industrial solutions, with long-standing partnerships in high-volume industries, especially automotive. Collaboration between Lilium and Schnaithmann started several years ago with initial development of production plans for the Lilium Jet. Lilium's aerostructures assembly line is already utilizing equipment provided by Schnaithmann for handling of the Lilium Jet's wings and canards. The propulsion assembly line announced today is located in the same building as Lilium's aerostructures assembly line.
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AMR | Hot Stocks07:38 EST Alpha Metallurgical announces changes to board of directors - Per the company's corporate governance guidelines, director candidates may not stand for election beyond the age of 75 years. Having reached this age limit, Michael J. Quillen and Albert E. Ferrara, Jr. will not stand for election at the 2024 annual meeting of stockholders and will leave the board, effective before market open on Monday, February 26, 2024, after significant tenures. Ferrara, the company's longest-serving director, has served on the board since the company's formation in July 2016, while Quillen, who founded predecessor company Alpha Natural Resources in 2002, has served since November 2020. In addition, Elizabeth Fessenden, a director since February 2021, has elected to step down from the board, effective before market open on February 26, 2024. None of these departures is a result of disagreements with the company. In connection with these departures, the board has determined to reduce its size from nine directors to seven, effective February 26, 2024. Additionally, a new director, Shelly Lombard, has been appointed to join the board, effective at market close on February 26, 2024. Lombard has been appointed, effective upon joining the board, as chair of the audit committee. Gorzynski has been appointed lead independent director, effective February 26, 2024.
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WLDS | Hot Stocks07:37 EST Wearable Devices to showcase Neural Gesture Control Technology at MWC Barcelona - Wearable Devices announced its participation at MWC Barcelona 2024, the world's most influential exhibition for the connectivity and security ecosystem, where they will demonstrate neural gesture input technology targeting the B2B and B2C markets. The Company's booth will be located at Hall 5 - 5E61 from Monday, February 26 to Thursday, February 29, 2024. At MWC, Wearable Devices will demonstrate its recently launched Mudra Development Kit for B2B partners. Leveraging innovative neural gesture control technology, the MDK deciphers neural signals from major nerve bundles in the wrist that allow original equipment manufacturers to design custom wrist and hand gestures, defining a spatial gesture user experience specifically tailored to the OEM's business requirements. The Company will also showcase its flagship B2C product, the Mudra Band for Apple Watch, an award-winning aftermarket band that enables touchless control of Apple ecosystem products and is currently available for purchase.
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UNIT | Hot Stocks07:36 EST Uniti Group announces completion of ABS bridge facility, asset sales - Uniti Group announced that Uniti Fiber Bridge Borrower has entered into a Bridge Loan and Security Agreement for up to $350 million of borrowings pursuant to a multi-draw term loan facility. Borrowings under the Facility will bear interest at an initial rate equal to Term SOFR for the applicable interest period plus an applicable margin of 3.75%, subject to customary step-ups in the applicable margin based on how long the Facility remains outstanding. The ABS Borrower intends to cap Term SOFR for the duration of the Facility pursuant to an interest rate protection agreement. The Facility will mature 18 months from the initial draw date and is subject to customary covenants. The ABS Borrower intends to refinance the Facility in full with proceeds from a long-term ABS facility secured primarily by certain Uniti Fiber network assets. Barclays Bank PLC acted as sole structuring agent, lead left arranger and facility agent on the transaction. Deutsche Bank AG New York Branch and Citibank, N.A. acted as co-lead arrangers. Wilmington Trust, National Association is acting as administrative agent. Uniti also announced today multiple asset sales that it recently completed. First, Uniti sold its remaining investment interest in the fiber network operated by Bluebird Network LLC. In addition, Uniti sold to CableSouth Media III, the fiber and other network assets previously leased to SwyftFiber since its 2018 sale leaseback transaction with Uniti. As part of the agreement, Uniti will continue to have access to certain strands within the SwyftFiber network at zero-cost. Finally, Uniti recently completed the sale of essentially all of its remaining wireless towers to CTI Towers, Inc., a portfolio company of Palistar Capital LP. Total cash consideration for these transactions was approximately $87 million. For the twelve month period ending September 30, 2023, the aggregate reported revenue and Adjusted EBITDA associated with these asset sales were approximately $4 million and $9 million, respectively.
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RGDFF | Hot Stocks07:35 EST Reunion Gold announces updated MRE at Kairuni zone - Reunion Gold announced an updated Mineral Resource Estimate at the Kairuni zone on its 100%-owned Oko West Project in Guyana. The updated Resource shows a significant increase in both grades and contained gold within the overall MRE, which also includes a substantial initial underground Resource. Highlights from the updated MRE include: Total contained gold in open pit and underground Indicated Resources increased by 72.4 % relative to the June 2023 MRE. Contained gold in the Indicated category of the open pit increased by 71.2 % to 4.2 M ounces, while the grade increased by 11.7 % to 2.06 g/t Au. Gold grades contained in the total open pit and underground Indicated Resources increased by 11.6 % to 2.05 g/t Au, while the grade of the total Inferred ounces increased by 28.5 % to 2.59 g/t Au. A significant initial underground Resource of 1.1 M ounces of gold in the Inferred category grading 3.12 g/t Au. The mineralization remains open at depth below the limits of the defined Resources in Block 4 at over 1,000 meters depth. This updated MRE, including both the open pit and underground Resources will be used in the Preliminary Economic Assessment expected to be released before the end of Q2 2024. The total combined open pit and underground Resource reported in this MRE includes 4.3 million ounces of gold in Indicated Resources contained within 64.6 million tonnes grading 2.05 grams per tonne Au, with an additional 1.6 M oz of gold in Inferred Resources, contained within 19.2 Mt grading 2.59 g/t Au. The MRE was prepared by G Mining Services Inc. with an effective date of February 7, 2024. Rick Howes, President & CEO of Reunion Gold, commented, "We are very pleased with the results of the updated mineral resource for Oko West, which show a significant increase in both the overall resource and the grades of the resource. The increase in both the size and grade has the potential to add tremendous value to the Oko West Project. We are particularly encouraged by both the substantial increase in the open pit resource size and grade as well as the initial size and grade of the underground resource, which remains open below the 1 km depth of drilling to date. With this update, 90% of the open pit resource is now in the Indicated category with an increase of 71 % in Indicated Resources to 4.2 M oz and a 12 % increase in the gold grade of the Indicated Resource."
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ALLK | Hot Stocks07:30 EST Allakos presents preclinical data on AK006 at AAAAI meeting - Allakos announced a poster presentation at the 2024 American Academy of Allergy, Asthma & Immunology Annual Meeting. The poster highlights preclinical data detailing AK006's mechanism of action and ability to reduce MRGPRX2-induced skin inflammation. Inappropriate mast cell activation, via IgE-dependent and IgE-independent pathways, has been implicated in the pathogenesis of multiple inflammatory skin diseases. IgE-dependent mast cell activation has been identified as a pathogenic driver of chronic spontaneous urticaria and food allergy and agents which target this pathway have demonstrated therapeutic activity. More recently, mast cell activation through MRGPRX2, an IgE independent mast cell activation pathway, has been implicated in the pathogenesis of chronic spontaneous urticaria, atopic dermatitis and prurigo nodularis. AAAAI Presentation Details: The poster, titled: "MRGPRX2-Mediated Mast Cell Activation is a Shared Pathogenic Mechanism in Atopic Dermatitis and Prurigo Nodularis Patients that can be Inhibited by Siglec-6" was presented on Friday, February 23rd, key findings include: IgE-independent mast cell activation, via MRGPRX2, has been implicated in atopic dermatitis and prurigo nodularis disease pathogenesis Atopic dermatitis and prurigo nodularis skin lesions contain mast cells displaying signs of MRGPRX2 activation, as well as elevated and activated macrophages AK006 has a dual mechanism of action that inhibits mast cells and reduces mast cells via antibody dependent cellular phagocytosis in the presence of activated macrophages; In an MRGPRX2-induced skin inflammation model, AK006 reduced skin inflammation and reduced mast cells numbers via ADCP; By broadly inhibiting and reducing mast cells, AK006 has the potential to treat inflammatory skin diseases, such as atopic dermatitis, prurigo nodularis, and chronic spontaneous urticaria. The data presented Friday add to previous published preclinical data demonstrating that AK006 inhibits both IgE-dependent and IgE-independent mast cell activation and can reduce mast cell numbers at sites of inflammation where activated macrophages are found.
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TCRX | Hot Stocks07:28 EST TScan Therapeutics presents Phase 1 clinical results on TSC-100, TSC-101 - TScan Therapeutics announced an oral presentation at the 2024 Tandem Meetings: Transplantation & Cellular Therapy Meetings of the American Society for Transplantation and Cellular Therapy and the Center for International Blood and Marrow Transplant Research. The oral presentation, selected for the plenary session as a Best Abstract, highlights updated data from the Phase 1 multi-arm clinical trial evaluating TSC-100 and TSC-101, designed to treat residual disease and prevent relapse following hematopoietic cell transplantation in patients with acute myeloid leukemia, myelodysplastic syndromes, or acute lymphocytic leukemia. The Phase 1 trial is a multi-arm dose escalation study evaluating TSC-100 and TSC-101, which are designed to treat residual disease and prevent relapse following HCT in patients with AML, ALL or MDS undergoing haploidentical donor allogeneic HCT with reduced intensity conditioning. Primary endpoints include safety and dose-finding, and secondary and exploratory endpoints include relapse rates versus standard-of-care as well as supportive surrogates of efficacy, including donor chimerism and minimal residual disease. MRD identifies any residual disease-related DNA present in a patient, and chimerism measures any remaining recipient-derived hematopoietic cells in a patient following HCT. Key Presentation Highlights Include: TSC-100 treatment arm: 4/4 patients treated with TSC-100 achieved complete donor chimerism with no relapse. TSC-101 treatment arm: 4/4 patients treated with TSC-101 achieved complete donor chimerism with no relapse, including a patient with high-risk, TP53-mutated MDS who has reached one year of follow-up. One patient with AML was MRD-positive following HCT and converted to and maintained MRD-negative status following treatment with TSC-101. TSC-100 and TSC-101 persistence noted for prolonged periods: Persistence of TSC-100 and TSC-101 was observed at all time points after dosing, with the longest follow-up of over 9 months. Repeat dosing led to a 3-fold increase in circulating TSC-100 and TSC-101 levels compared to single dosing at the same time points. Six control arm patients have been enrolled and received standard of care HCT alone: One control-arm patient with high-risk, TP53-mutated MDS evolved with MRD positivity and worsening mixed chimerism, experienced clinical relapse approximately six months post-transplant, and succumbed to relapse approximately nine months post-transplant. One control-arm patient with MDS experienced clinical relapse approximately five months post-transplant. One control-arm patient with MDS developed worsening mixed chimerism requiring early termination of immunosuppression, resulting in complete donor chimerism but with grade 1 skin graft-versus-host disease. One control-arm patient never achieved complete donor chimerism, with more than four months follow-up post-transplant. 2/6 control-arm patients achieved complete donor chimerism following HCT.
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GNS | Hot Stocks07:25 EST Genius Group expands AI-powered Genius University - Genius Group announced the launch of a series of new initiaves to expand its AI-Powered Genius University. Targeted at both university students and entrepreneurial leaders seeking to reskill themselves in the age of artificial intelligence, these initiatives include: Expansion to over 50 AI tools for students on its Student AI platform to over 50 AI Tools and AI Tutors, including 'Personal Statement Writer', 'Essay Summarizer' 'APA reference convertor', MLA reference writer', 'Math Problem Solver', 'Coding Helper' and a wide range of other AI Tools requested by students. The launch of AI Avatar C-Suite Teams, giving entrepreneurs and enterprises over 30 AI avatars to choose from to build their own AI advisory board or expert panel, ranging from Albert Einstein, Leonardo Da Vinci and George Washington to Marie Curie, Cleopatra and Mother Theresa - Each AI avatar having their own specific knowledge base, intelligence and perspective based on each unique character. Growth of Genius University's Genius Apprentice Program and Scholarship Program, linking university students with entrepreneurs and their companies for work experience, with student-staff teams working together on AI projects via Genius Group's AI Courses, hosted on Genius Group's AI-driven Edtech platform, GeniusU.
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ATNF | Hot Stocks07:24 EST 180 Life Sciences announces 1-for-19 reverse stock split - 180 Life Sciences will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-19. The Reverse Stock Split is expected to become effective on February 28, 2024 at 12:01 p.m. Eastern Time with shares expected to begin trading on the Nasdaq Capital Market, on a split-adjusted, at market open on February 28, 2024. In connection with the Reverse Stock Split, every 19 shares of the Company's common stock issued and outstanding as of the Effective Time will be automatically converted into one share of the Company's common stock. No change will be made to the trading symbol for the Company's shares of common stock or public warrants, "ATNF" and "ATNFW", respectively, in connection with the reverse split. The Reverse Stock Split is part of the Company's plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits. The Reverse Stock Split was approved by the Company's stockholders at the Company's Special Meeting of Stockholders held on February 16, 2024 to be effected in the Board's discretion within approved parameters. Following the Special Meeting, the final ratio was approved by the Company's Board on February 16, 2024. The Reverse Stock Split will reduce the number of shares of the Company's outstanding common stock from approximately 11.3 million shares (as of the date of this press release, when including issuances in process) to approximately 0.6 million shares, subject to adjustment for rounding, as discussed below and potential additional issuances through the effective date of the Reverse Stock Split.
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MBXBF | Hot Stocks07:23 EST Microbix Biosystems announces issuance of stock options - Microbix Biosystems announces the issuance of stock options under its shareholder-approved 2018 stock option plan, as part of its compensation programs to incentivize and retain its board of directors, executives, and managers. In consultation with management, Microbix's Board of Directors has approved the issuance of 2,795,000 options in accordance with the terms of the Stock Option Plan. The approved options are exercisable at a price of $0.40 per share, as determined by the closing price of the TSX on 22 February, 2024. Each option will vest and be exercisable after three years and have a total life of five years. The stock option grants form part of the total remuneration package for the recipients and are subject to TSX approval.
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GMGMF | Hot Stocks07:22 EST OTC Markets welcomes Graphene Manufacturing to OTCQX - OTC Markets Group announced Graphene Manufacturing Group has qualified to trade on the OTCQX Best Market. Graphene Manufacturing Group Ltd. upgraded to OTCQX from the Pink market. Graphene Manufacturing Group Ltd. begins trading today on OTCQX under the symbol "GMGMF."
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TRNR | Hot Stocks07:22 EST Interactive Strength enters distribution agreement with WOODWAY - Interactive Strength has entered into an exclusive worldwide distribution agreement with WOODWAY USA, which grants the right for WOODWAY to sell and distribute the Company's CLMBR product anywhere in the world in the commercial market. As part of the agreement, WOODWAY is placing an initial purchase order for 2,150 units, which is expected to generate more than $7 million in net revenue for TRNR and anchors the Company's guidance that it expects to generate net revenue of between $15 million and $20 million in 2024. The agreement has an initial term of five years, but there are extensions included as this relationship is expected to be long-term. In order for WOODWAY to share more in the value creation of this agreement and as a way to create additional alignment between the parties, the Company has issued 800,000 warrants to WOODWAY with an exercise price of $1.25 per share.
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TGTX | Hot Stocks07:20 EST TG Therapeutics announces European launch of BRIUMVI - TG Therapeutics announced that its ex-US partner, Neuraxpharm Group launched BRIUMVI in Europe, for the treatment of adults patients with relapsing forms of multiple sclerosis, who have active disease defined by clinical or imaging features. The launch commenced in Germany, with additional launches throughout Europe to follow. In accordance with the ex-US commercialization agreement, TG Therapeutics will receive a milestone payment of $12.5 million for the first launch of BRIUMVI in a European country.
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SKYE | Hot Stocks07:19 EST Skye Bioscience completes enrollment of Phase 2a trial of SBI-100 - Skye Bioscience has dosed 56 patients using SBI-100 Ophthalmic Emulsion in its Phase 2a study and completed final study visits for all patients. SBI-100 OE is a cannabinoid receptor type 1 agonist administered topically onto the eye and is being developed to address unmet needs of patients with elevated intraocular pressure related to primary open-angle glaucoma or ocular hypertension. All treated patients completed the study, with no early discontinuations due to adverse events. Topline data for the entire study will be available in Q2.
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MU | Hot Stocks07:18 EST Micron begins volume production of HBM3E solution - Micron Technology has begun volume production of its HBM3E solution. Micron's 24GB 8H HBM3E will be part of NVIDIA H200 Tensor Core GPUs, which will begin shipping in the second calendar quarter of 2024. This milestone positions Micron at the forefront of the industry, empowering artificial intelligence solutions with HBM3E's industry-leading performance and energy efficiency
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AMLI | Hot Stocks07:17 EST American Lithium files PEA for Falchani hard rock lithium project - American Lithium announced it has filed an independent National Instrument 43-101 Technical Report on the Preliminary Economic Assessment for the Falchani Lithium Project located in Puno, southwestern Peru Highlights of the PEA were previously announced on January 10, 2024. "We are very pleased to have filed this updated PEA on Falchani, which shows very robust economics for this large-scale, high purity, hard rock project," stated Simon Clarke, CEO of American Lithium. "This is a major milestone in the process to complete pre-feasibility and move the Project into mine permitting. The filing of the Semi-Detailed Environmental Impact Assessment late last year also positions the Project to be fast-tracked. Falchani has demonstrated the potential for long life, high annual production, with one of the lowest operating cost profiles globally for developers."
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MIST | Hot Stocks07:17 EST Milestone Pharmaceuticals announces plan to resubmit NDA for etripamil - Milestone announced plans to resubmit the New Drug Application for etripamil to the U.S. Food and Drug Administration for paroxysmal supraventricular tachycardia. Following the previously announced receipt of a Refusal to File letter, Milestone held a Type A Meeting with FDA. FDA indicated that the timing of adverse events in question had minimal impact on the overall characterization of the etripamil safety profile. To align with FDA's guidance, the Company will restructure the data sets that capture timing of reported AEs, reformat certain data files to facilitate FDA's analyses, and resubmit the NDA. Based on the guidance received during the Type A Meeting, the Company expects that this approach will address the Refusal to File letter from FDA. FDA has not requested that the Company complete additional clinical efficacy or safety trials prior to resubmitting the NDA. The Company expects a standard NDA review period following resubmission of the NDA for etripamil for PSVT, which is planned for 2Q2024. Considering the revised timeline for NDA submission, the Company has undertaken certain cash conservation measures to reduce spend through program deferrals and team restructuring and expects that the Company's existing cash resources will fund operations into mid-2025, including the expected Prescription Drug User Fee Act date for the NDA resubmission. If FDA approval is granted, the Company expects to receive a $75 million payment under an existing royalty agreement, which is intended to fund the potential commercial launch of etripamil for PSVT.
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VYGR NBIX | Hot Stocks07:17 EST Voyager Therapeutics reports selection of gene therapy development candidate - Voyager Therapeutics (VYGR) announced that the joint steering committee with its collaborator Neurocrine Biosciences (NBIX) has selected a lead development candidate in the Friedreich's ataxia program. The candidate combines a frataxin gene replacement payload with an intravenously administered, blood-brain barrier penetrant, novel capsid derived from Voyager's TRACER capsid discovery platform. The companies expect the program to advance into first-in-human clinical trials in 2025. Selection of the development candidate triggered a $5M milestone payment to Voyager, which the company expects to receive in the first quarter of 2024. Voyager is eligible to receive additional future development and commercialization milestone payments based on the further advancement of this program. "The nomination of this development candidate in FA marks an important step in our strategic collaboration with Neurocrine, reflecting the power of combining Voyager's TRACER AAV capsids and payload design capabilities with Neurocrine's expertise in neuroscience and clinical development," said Alfred W. Sandrock, Jr., M.D., Ph.D., CEO of Voyager. "While there has been encouraging recent progress in the treatment of FA, it remains a very challenging and eventually fatal disease for which new therapeutic approaches are needed. We believe our strategy to replace the defective frataxin gene could address the underlying disease etiology of FA. We look forward to progressing this and our other gene therapy programs, including our wholly-owned SOD1 ALS program and our Neurocrine-partnered GBA1 Parkinson's program, towards clinical studies."
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DNTH | Hot Stocks07:15 EST Dianthus announces initiation of Phase 2 MaGic trial of DNTH103 - Dianthus Therapeutics announced the initiation of the Phase 2 MaGic trial of DNTH103 in patients with generalized Myasthenia Gravis. The initiation follows U.S. Food and Drug Administration clearance of the Phase 2 Investigational New Drug application for DNTH103. Top-line results from this trial are anticipated in the second half of 2025. The MaGic trial is a global, randomized, double-blind, placebo-controlled Phase 2 study in up to 60 patients with generalized Myasthenia Gravis who are acetylcholine receptor antibody positive. Following an initial loading dose, DNTH103 will be administered every two weeks via subcutaneous injection. The S.C. treatment duration will initially be 12 weeks with a 52-week open label extension. The primary endpoint of the study is safety and tolerability. Secondary endpoints include Myasthenia Gravis Activities of Daily Living Scale and Quantitative Myasthenia Gravis score assessments. Initial top-line results from this trial are anticipated to be available in the second half of 2025.
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SKM... | Hot Stocks07:14 EST SK Telecom, Deutsche Telekom, Softbank, others to establish joint venture - SK Telecom (SKM), Deutsche Telekom (DTEGY), e& Group, Singtel and SoftBank (SFTBY) held the inaugural meeting of the Global Telco AI Alliance, GTAA, at MWC Barcelona 2024 and announced their plans to establish a joint venture. Through the Joint Venture Company, the five companies plan to develop Large Language Models specifically tailored to the needs of telecommunications companies. The LLMs will be designed to help telcos improve their customer interactions via digital assistants and chatbots. The goal is to develop multilingual LLMs optimized for languages including Korean, English, German, Arabic and Japanese, with plans for additional languages to be agreed among the founding members.
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CBUS NTR | Hot Stocks07:13 EST Cibus, Loveland Products collaborate to develop, sell rice traits in the U.S. - Cibus, Inc. (CBUS) has entered into a US Development Agreement with Loveland Products Inc., a subsidiary of Nutrien Ltd. (NTR). Cibus has agreed to collaborate with Loveland Products to provide traits into Loveland's elite rice seed genetics. Under the terms of the agreement Loveland and Cibus will work toward commercializing herbicide tolerance in rice with a focus on the southern US market, where demand for novel approaches in weed control is most prevalent.
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TEVA | Hot Stocks07:12 EST Teva, Jiangsu Nhwa Pharmaceutical enter partnership - Teva Pharmaceutical Investments Singapore, or TPIS, a subsidiary of Teva, and Jiangsu Nhwa Pharmaceutical announced it formed a partnership for the marketing and distribution of Teva's Austedo for the treatment of neurodegenerative and movement disorders - chorea associated with Huntington's disease, or HD, and tardive dyskinesia, or TD, in adults. The partnership intends to increase patients' access to Teva's Austedo, leveraging Nhwa's leadership in China's neuro-psychiatric health sector.
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WALD | Hot Stocks07:12 EST Waldencast receives positive Nasdaq listing determination - Waldencast announced that by decision dated February 22, 2024, a Nasdaq Hearings Panel granted Waldencast's request for continued listing on The Nasdaq Stock Market subject to Waldencast filing the interim financial statements for the six-month period ended June 30, 2023 with the Securities and Exchange Commission by April 1, 2024, and Waldencast's continued compliance with all other applicable criteria for continued listing on Nasdaq. Waldencast is diligently working to evidence compliance with the terms of the Panel's decision as soon as practicable and in any event by no later than April 1, 2024.
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MARIF | Hot Stocks07:11 EST Marimaca Copper announces 2024 regional exploration strategy - Marimaca Copper announced its regional exploration strategy for 2024. Following a comprehensive review and reinterpretation of historical geological information, the Company's regional priority for 2024 will be further exploration at the Sierra de Medina property block, located approximately 25km from the Marimaca Oxide Deposit. The Company believes that the property position has discovery potential in an emerging belt of large scale manto-type copper deposits in the Chilean Coastal Cordillera. SdM, along with the Marimaca-type satellite discoveries made in 2021 including Mercedes, provide an organic exploration pipeline for Marimaca, which will be evaluated in parallel with the development of the MOD. Highlights: Full geological review completed of Marimaca's ~66,300ha land position in the Chilean coastal copper belt, with a focus on historical information available at various targets across the SdM property block; Marimaca established as a core land holder in the emerging discovery belt between Capstone's Mantos Blancos operation and Antofagasta Minerals' new Cachorro discovery; Presence of key regional mineralized units across the SdM property block confirmed via historic drilling and surface geology: Results from Marimaca's early 2024 surface sampling program identified a ~4km surface geochemical anomaly at the Pias Target, which is supported by historical shallow drilling completed at the target: 32m at 2.36% Cu from surface in hole SHP-03; 30m at 1.69% CuT from 2m, including 12m at 3.97% CuT from 2m in hole SFP-02; 30m at 1.05% Cu from surface in hole SHP-04; 14m at 2.54% Cu from 2m in hole SHP-15; 16m at 1.84% Cu from 2m in hole SHP-17; Historic drilling at Pias was completed to an average depth of 68m without testing deeper volcanic and sedimentary units known to be regionally productive; Recent regional discoveries demonstrate mineralization hosted dominantly in the underlying lower sedimentary and volcanic units which provides a model for future exploration drilling at depth at Pias; Outcropping mineralized sediments at the Antena target confirmed via surface mapping; Mineralized volcanic and sedimentary units confirmed in southern areas of the SdM claim block, indicating continuity and regional extent of key productive units for copper mineralization. The Company is currently considering funding options for additional work at the SdM property block, including partnership and joint-venture opportunities. Initial work plan would include geological mapping, resistivity and high-resolution drone-mounted magnetics geophysics, followed by additional surface geochemistry to refine key targets for initial drilling.
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FIS | Hot Stocks07:09 EST FIS increases share repurchase goal by $500M - FIS announced an increase to its previously communicated share repurchase goal; increasing goal to repurchase at least $4B of shares by year end 2024, up from previous goal of at least $3.5B, including $510M of shares repurchased in Q4 2023.
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MTA | Hot Stocks07:09 EST Metalla Royalty & Streaming provides update for Gosselin, 2024 catalysts - Metalla Royalty & Streaming reports the 2024 portfolio catalysts and the updated Mineral Resource estimates for Gosselin, where Metalla holds a 1.35% Net Smelter Return royalty that covers the northern portion of Cote and 100% of the Gosselin deposit. Brett Heath, President & CEO of Metalla commented, "Gosselin continues to show that it has potential to become a very significant asset. In 2023 we saw an increase of 2.4 million ounces from 57 diamond drill holes totaling 34,790 meters. Gosselin stands as a substantial deposit on its own with 7.4 million ounces. Combined with Cote, they host an estimated Measured and Indicated Mineral Resource of 16.5 million ounces, and an additional 4.2 million ounces of Inferred resources. This places the project in an elite league among global gold mines of large scale. In the upcoming year, IAMGOLD indicated that it will focus on further exploration with a 35,000-meter drill hole program at Gosselin, aiming to probe potential extensions of the breccias between resource pits, as well as delving deeper beneath the mineralized envelopes to ascertain the full extent of these promising deposits."
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MCRB | Hot Stocks07:08 EST Seres Therapeutics appoints Marella Thorell CFO amid Arkowitz retirement - Seres Therapeutics announced that Marella Thorell will join as Executive Vice President and Chief Financial Officer CFO , as of March 25th, following David Arkowitz's retirement. Mr. Arkowitz has served as CFO since June 2021 and will be available to assist in the transition.
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HHLKF | Hot Stocks07:08 EST Hot Chili announces another resource increase for Costa Fuego project - Hot Chili Limited announces another Resource increase for its Costa Fuego copper-gold project, located in the coastal range, 600 km north of Santiago, Chile. The MRE update follows 24 months of material investment, totalling 24.5 km of drilling across Costa Fuego; a mix of development, metallurgical, geotechnical, resource expansion and exploration drilling, designed to progress the Costa Fuego project towards its Pre-feasibility Study expected in H2 2024.
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CLDX | Hot Stocks07:07 EST Celldex expects cash to fund operations into 2026 - Celldex believes that the cash, cash equivalents and marketable securities at December 31, 2023 are sufficient to meet estimated working capital requirements and fund current planned operations into 2026.
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FFMGF | Hot Stocks07:06 EST First Mining Gold provides update on temporary winter road - First Mining Gold announces that it has received construction permits for a temporary winter road to the Springpole Gold Project exploration camp site by the Ontario Ministry of Natural Resources and Forestry on February 9, 2024, which would allow for the safe transport of supplies and people overland. "Warm winter conditions are impacting all who live and operate in the north," stated Dan Wilton, CEO of First Mining. "This Temporary Winter Road will allow First Mining to keep its focus on operating in a safe and environmentally responsible manner."
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PPG | Hot Stocks07:06 EST PPG to review strategic alternatives for architectural coatings business - PPG announced that it has engaged Goldman Sachs & Co. as financial advisor to assist in a review of strategic alternatives for its architectural coatings business in the U.S. and Canada. PPG's architectural coatings business in the U.S. and Canada, which operates within the company's performance coatings segment, is an industry leader in residential and commercial architectural coatings through its well-known portfolio of brands ...The business manufactures and sells interior and exterior paints, stains, caulks, repair products, adhesives, and sealants for homeowners and professionals. It also includes certain light-duty protective coatings products that are primarily sold through company-owned stores and manufactured through a common factory footprint. ... PPG Chairman and Chief Executive Officer, Tim Knavish, said, "The architectural coatings business in the U.S. and Canada has a well-established position in a growing market, leading brands, proven innovation, established customers, and dedicated and talented employees. We have made considerable progress over the past several years in modernizing the architectural coatings business model to better position the business for continued success. This has included instituting value-added customer-facing digital tools, revamping our manufacturing and distribution footprint, transitioning towards an asset-light distribution model, and introducing innovative products that enhance customer productivity and sustainability. ... "In January, we announced a strategic review of alternatives for our silica products business and are now also conducting a review of our architectural coatings U.S. and Canada business. These actions reflect a regular and disciplined strategic assessment process by our Board and management team, including ensuring each of our businesses delivers value for our customers and shareholders, and aligns with the growth and investment strategies for the company," said Knavish....The timing and outcome of the strategic review is uncertain. There is no assurance that the review will result in any transaction or other outcome. PPG does not intend to disclose developments or provide updates on the progress or status of the review unless and until it deems further disclosure is appropriate or required.The architectural coatings business' footprint in the U.S. and Canada includes approximately 750 company owned stores in the U.S. and Canada.
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EU BQSSF | Hot Stocks07:05 EST EnCore Energy completes $70M transaction with Boss Energy - enCore Energy (EU) announced the completion of the transactions under the Master Transaction Agreement with Boss Energy Limited (BQSSF), headlined by the sale of a 30% ownership interest in enCore's Alta Mesa project to Boss Energy for $60M, and including an investment of $10M into enCore common shares by Boss Energy. The Transaction provides enCore with the financial capacity to significantly accelerate its uranium production pipeline across South Texas through the development of multiple satellite operations. Transaction Highlights: enCore received US$60 million in full payment for Boss Energy's 30% share of the JV; enCore received an additional US$10 million from Boss Energy as payment for a private placement of 2,564,102 enCore shares; The formation of a joint venture company owning Alta Mesa with enCore holding a 70% joint venture interest and remaining the project manager, and Boss Energy holding a 30% joint venture interest.
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BCRX | Hot Stocks07:05 EST BioCryst sees 2024 ORLADEYO revenue $380M-$400M - The company expects full year 2024 global net ORLADEYO revenue to be between $380 million and $400 million. The general pattern of revenue throughout 2024 is expected to be similar to past years, with the seasonal impact of prescription reauthorizations and the potential impact of the Inflation Reduction Act in the first quarter driving a quarter-over-quarter revenue decline in the first quarter, followed by a strong return to growth in the second quarter. The company expects full year 2024 operating expenses to be between $365 million and $375 million, flat to expected full year 2023 operating expenses. The company now expects that R&D expenses in 2024 will be reduced by between $20 million and $30 million versus 2023. SG&A expenses are expected to increase by $20 million in 2024, primarily to support the continued U.S. and global growth of ORLADEYO to $1 billion in peak sales. This operating expense outlook does not reflect non-cash stock compensation expense, or one-time expenses related to the previously announced workforce reduction implemented in the first quarter of 2024. Based on the company's disciplined approach to capital allocation, and the revenue expected from ORLADEYO, the company expects to achieve a full-year operating profit in 2024 be approaching quarterly positive earnings per share and positive cash flow in the second half of 2025 and be profitable on an EPS basis, with positive cash flow, for full year 2026. The company expects it can achieve these financial milestones without raising additional funds and does not intend to draw the additional $150 million of debt available to it from Pharmakon.
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STM RNECY | Hot Stocks07:04 EST STMicroelectronics, Renesas, Ac6 join the Zephyr Project - The Zephyr Project announced that Renesas Electronics (RNECY), STMicroelectronics (STM), and Ac6 have joined as Silver members. Zephyr, an open source project at the Linux Foundation that builds a secure, connected and flexible RTOS for future-proof and resource-constrained devices, is easy to deploy and manage. It is a proven RTOS ecosystem created by developers for developers. The Zephyr 3.6 release is a significant step towards delivering the next Long-Term Support version of the project later this year. It includes several security-focused features such as the integration of TF-M 2.0, and improved tooling for SBOM generation. With over 30 new boards added across the entire range of supported architectures, Zephyr now supports over 600 boards that developers can readily use to build their embedded applications.
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FRGT | Hot Stocks07:01 EST Fr8App awarded key routes with Envases Universales - Freight Technologies announced a significant collaboration with Envases Universales, one of the largest packaging companies worldwide. Fr8App was awarded key routes through Envases' annual 2024 RFQ, underscoring Fr8App's commitment to delivering exceptional transportation services and its capability to meet the evolving needs of its clients. Over the next twelve months, the awards are estimated to be valued at more than $5 million and encompass 24 dedicated lanes, mostly from Mexico to the United States, showcasing Fr8App's extensive network and ability to manage cross-border logistics efficiently. Over the duration of the commitment, Fr8App, through its advanced technology and experienced team, will be responsible for transporting more than 1,600 loads, ensuring the timely and secure delivery of Envases Universales' goods.
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AZMTF | Hot Stocks06:59 EST Azimut Exploration appoints Vanessa Laplante to board - Azimut Exploration announced the voting results for its Annual General Meeting of shareholders held February 23, 2024. At the Meeting, Mrs. Vanessa Laplante was elected as a director to join the Board and the Company anticipates the valuable contribution she will bring. The Board of Directors also wishes to acknowledge the remarkable participation and commitment to the Company by Mrs. Angelina Mehta, who did not stand for reappointment.
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GSK | Hot Stocks06:59 EST GSK announces EAGLE-1 phase III trial met primary efficacy endpoint - GSK announced positive headline results from the EAGLE-1 phase III trial for gepotidacin, a potential first-in-class oral antibiotic with a novel mechanism of action for uncomplicated urogenital gonorrhoea in adolescents and adults. The trial met its primary efficacy endpoint, with gepotidacin demonstrating non-inferiority to intramuscular ceftriaxone plus oral azithromycin, a leading combination treatment regimen for gonorrhoea. The result is based on a primary endpoint of microbiological response at the Test-of-Cure visit 3-7 days after treatment. Chris Corsico, Senior Vice President, Development, GSK, said: "With rising incidence rates and concern around growing resistance to existing treatments, gonorrhoea poses a threat to public health globally. These positive headline results demonstrate the potential for gepotidacin to provide a novel oral treatment option in the face of rising resistance and for patients who cannot take other treatments due to allergies or intolerance." The safety and tolerability profile of gepotidacin in the EAGLE-1 phase III trial was consistent with results seen in gepotidacin phase I and II trials.
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ACM | Hot Stocks06:58 EST Aecom selected to deliver design services for Ontario Line - AECOM will provide design services as part of the Pape North Connect Team selected by Infrastructure Ontario and Metrolinx to deliver the Pape Tunnel and Underground Stations contract for the Ontario Line, a 15.6-kilometer stand-alone rapid transit line that is expected to improve access and reduce daily travel time for Toronto commuters. The PTUS contract is being procured under a Development and Master Construction Agreement with Metrolinx. The DMCA incorporates a multi-stage design process called the development phase that allows for a collaborative approach between Metrolinx and Pape North Connect to finalize the scope, risk allocation and pricing of various contract elements. Pape North Connect is a consortium of AECOM, Arcadis, Webuild Civil Work Inc., and Fomento de Construcciones y Contratas Canada Ltd.
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PLTK | Hot Stocks06:57 EST Playtika pauses evaluation of strategic alternatives - Due to ongoing uncertainty in Israel and Ukraine, the Board of Directors has decided to pause the company's evaluation of strategic alternatives.
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PLTK | Hot Stocks06:56 EST Playtika exploring opportunities to enhance shareholder return - Exploring other opportunities to enhance shareholder return, including a share repurchase program in the future.
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PLTK | Hot Stocks06:56 EST Playtika to deploy $600M-$1.2B of capital for M&A over next three years - Intention to deploy $600 million to $1.2 billion of capital for M&A over the next three years.
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PLTK | Hot Stocks06:55 EST Playtika initiates quarterly dividend of 10c per share - Initiating a quarterly dividend of $0.10 per share, with future dividends subject to market conditions and Board approval.
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PSN | Hot Stocks06:50 EST Parsons wins seat on $245M USACE contract - Parsons Corporation announced that the company was awarded a seat on a $245M indefinite-delivery, indefinite-quantity multiple award task order contract by the United States Army Corps of Engineers Kansas City District. The contract for environmental remediation activities has a five-year basic ordering period and represents new work for the company. The contract will consist of projects funded by the Infrastructure Investment and Jobs Act related to the United States Environmental Protection Agency cleanup projects that protect public health and safety. Under this contract, Parsons will compete for task orders to advance work assigned to USACE Northwestern Division and USEPA Region 2 for hazardous, toxic, and radioactive waste remediation projects for both civilian and military agencies of the federal government.
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DPMLF | Hot Stocks06:49 EST Dundee Precious Metals announces new results from Coka Rakita programs - Dundee Precious Metals reported new assay results from its ongoing infill drilling program at Coka Rakita in eastern Serbia, where DPM recently announced an Inferred mineral resource estimate of 1.8 million ounces of gold. The company also reported results from the scout drilling program at the Dumitru Potok and Frasen prospects, which are located on the Coka Rakita licence and are approximately 1.0 to 1.5 kilometres north of the Coka Rakita deposit.
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AVY NWL | Hot Stocks06:52 EST Avery Dennison appoints Maria Fernanda Mejia to board of directors - Avery Dennison Corporation (AVY) announced that its board of directors has appointed Maria Fernanda Mejia a director, effective February 22, 2024. Mejia, 60, is the retired CEO, International, for Newell Brands (NWL).
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AZN | Hot Stocks06:48 EST AstraZeneca says Voydeya recommended for approval in the EU by CHMP - Voydeya has been recommended for marketing authorisation in the European Union as an add-on to ravulizumab or eculizumab for the treatment of adult patients with paroxysmal nocturnal haemoglobinuria, or PNH, who have residual haemolytic anaemia, AstraZeneca announced. The Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency based its positive opinion on results from the pivotal ALPHA Phase III trial. Results from the 12-week primary evaluation period of the trial were published in The Lancet Haematology. Voydeya is a first-in-class, oral, Factor D inhibitor developed as an add-on to standard-of-care Ultomiris or Soliris to address the needs of the approximately 10-20% of patients with PNH who experience clinically significant extravascular haemolysis, or EVH, while treated with a C5 inhibitor.
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IREN | Hot Stocks06:47 EST Iris Energy provides update on expansion to 20 EH/s - Iris Energy Limited provided a business update. IREN is pleased to provide an update on its expansion to 20 EH/s in 2024: H1 2024 10 EH/s: Operating hashrate now increased to 7 EH/s; Remaining 3 EH/s to be commissioned through H1 2024. H2 2024 20 EH/s: 10 EH/s of new Bitmain T21 miners1 secured via fixed price contracts; 200MW expansion at existing Childress data center
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CXBMF | Hot Stocks06:42 EST Calibre Mining announces drill results from program at Limon Mine Complex - Calibre Mining announced drill results from its 2023 resource expansion and infill program at the Tigra, Limon Norte and Pozo Bono open pit deposits located next to the Limon processing plant. These high-grade intercepts combined with the recent positive news from the Panteon VTEM Gold Corridor, demonstrate that the entire Limon district remains open for expansion and discovery. Drill intercept highlights from the Tigra, Limon Norte and Pozo Bono targets include: 68.72 g/t Au over 2.0 metres Estimated True Width and 16.49 g/t Au over 5.9 metres ETW including 26.71 g/t Au over 3.5 metres ETW in Hole LIM-23-4875; 18.68 g/t Au over 5.9 metres ETW including 55.68 g/t Au over 2.0 metres ETW in Hole LIM-23-4876; 9.26 g/t Au over 5.0 metres ETW including 17.10 g/t Au over 2.6 metres ETW in Hole LIM-23-4858; 12.85 g/t Au over 4.2 metres ETW including 14.00 g/t Au over 3.8 metres ETW in Hole LIM-23-4793; 11.91 g/t Au over 3.1 metres ETW including 15.22 g/t Au over 2.2 metres ETW in Hole LIM-23-4798; 8.95 g/t Au over 11.3 metres ETW including 21.96 g/t Au over 4.2 metres ETW in Hole LIM-23-4812; 7.36 g/t Au over 8.4 metres ETW including 11.80 g/t Au over 4.9 metres ETW in Hole LIM-23-4805. Darren Hall, President and CEO of Calibre, stated: "I am excited by these exceptionally high-grade drill results from numerous targets at our Limon Gold Mine. Drilling efforts have not only instilled confidence at the yet-to-be-developed Pozo Bono open pit project but have also identified underground potential along the Limon trend. These results, coupled with the continuous high-grade drill results from the Panteon VTEM Gold Corridor, put us in a solid position to replace reserves for year-end 2023. The Limon district has produced over 4.5 million ounces of gold, and continues to demonstrate its significant value, reinforcing our confidence that resource conversion and high-grade additions will drive production and extend mine life. With multiple rigs active, 2024 is proving to be another exciting and productive year, with drilling operations underway at numerous targets. The Valentine Gold Mine construction team remains focused, with overall progress at 55% and on track for production in H1 2025. SAG and ball mill motors arrived into Newfoundland on February 21, and the mills are scheduled to arrive in the next few days."
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ARES | Hot Stocks06:40 EST Ares Management Special Opportunities team to join Global Credit Group - Ares Management announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm's Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares' limited partners, sponsor partners and portfolio companies. The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the experience and broad direct origination network across the firm's leading global Credit platform. The team will continue to partner with healthy companies and businesses in need of transitional capital and provide flexible debt and non-control equity solutions to both private and public companies. This multi-strategy approach seeks to fill the void between for-control private equity and more traditional direct lending and emphasizes differentiated deal flow through direct origination. Adjusted for this change, the Ares Credit Group had approximately $300 billion in assets under management with approximately 490 investment professionals operating across the U.S., Europe and Asia Pacific as of December 31, 2023. The Opportunistic Credit strategy will be reflected within the Ares Credit Group in Ares' public reporting, effective March 31, 2024.
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CCOEY | Hot Stocks06:37 EST Capcom announces $1M grand prize for Capcom Pro Tour 2024 - Capcom will offer $1M as the grand prize for Capcom Pro Tour 2024, its series of esports tournaments held worldwide that feature the company's storied Street Fighter series. Capcom has held the Capcom Pro Tour along with the world-championship tournament Capcom Cup each year since 2014, staging live competitions in more than 40 countries while carrying out online events in as many as 129 countries worldwide. Additionally, Capcom runs the competitive team-based Street Fighter League in Japan, the U.S.A., and Europe.
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V | Hot Stocks06:36 EST Visa, GSMA Foundation launch Digital Finance for All Initiative - Visa and the GSMA Mobile for Development Foundation announced the launch of the Digital Finance for All Initiative, furthering Visa's decades-long efforts to increase access to the global economy for everyone, everywhere. This five-year initiative aims to advance digital financial inclusion for 20 million individuals, including women, small holder farmers, and nano, micro and small enterprise owners across low- and middle-income countries in Africa, Asia and Latin America. To help improve financial health, the DFA will: Deliver financial education resources through a jointly developed mobile financial literacy toolkit that enables easy delivery and scaling across markets to help enable successful access to and participation in mobile money services; Develop joint research through the Visa Economic Empowerment Institute and the GSMA Foundation focused on financial inclusion, advocacy and product innovation for women, SHFs, NMSEs and globally displaced individuals; Digitize SHFs and NMSEs to support their adoption of digital financial services to enable their resilience and growth; and Support meaningful financial inclusion and wellbeing for refugees and the communities who host them.
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JAGGF | Hot Stocks06:35 EST Jaguar Mining reports updated mineral reserves, resources - Jaguar Mining announced its annual Mineral Reserves and Mineral Resources statement for 2023. Proven and Probable Mineral Reserves and Measured, Indicated and Inferred Mineral Resources figures are reported for Jaguar's two operating mining and production complexes, Turmalina and Caete, and for the Paciencia Complex, currently on care and maintenance. The Turmalina Complex is comprised of the Turmalina mine, the Faina and Oncas de Pitangui growth projects as well as the Zona Basal and Pontal deposits. The Caete Complex is comprised of the Pilar mine, the Roca Grande mine and the Corrego Brandao deposit. The Paciencia Complex is comprised of the Santa Isabel and Margazao mines and the Bahu deposit. HIGHLIGHTS: Consolidated Proven and Probable Mineral Reserves show additions of 132 koz reflecting the addition of reserves at the Faina project, offset by mined depletion at Pilar and Turmalina of 88 koz and removal of remnant material from inventory at Turmalina of 28 koz for a net increase of 4% to 470 koz, Faina Probable Mineral Reserves added 132 koz to Jaguar's 2P Mineral Reserves inventory. Consolidated Measured and Indicated Mineral Resources increased by 27% to 1,676 koz, reflecting the addition of measured and indicated mineral resources from the Oncas de Pitangui project. Oncas de Pitangui Indicated Mineral Resources added 448 koz, to Jaguar's Mineral Resources inventory. Consolidated Inferred Mineral Resources increased by 41% to 1,628 koz driven by the addition of inferred mineral resources from the Oncas de Pitangui project. Oncas de Pitangui Inferred Mineral Resources added 379 koz to the Company's inventory. Life of Mine plans at the Pilar operation forecast production at current rates into 2028. At the Turmalina Complex, with Faina ramping up from this year through 2026, the LOM extends at increased production rates beyond 2030. The Company continues to progress project work required to support the publication of initial mineral reserves for the Oncas de Pitangui project in the fourth quarter of 2024. Vern Baker, CEO of Jaguar Mining stated, " This year's Mineral Reserve and Mineral Resource update further advances our organic growth strategy, especially with the initial disclosure of probable Mineral Reserves from our Faina project and the addition of 800 koz of Mineral Resources added from the acquisition of Iamgold's Sao Sebastiao deposit and Oncas de Pitangui project . A net increase of 4% in Mineral Reserves along with the material increases in Mineral Resources is a very positive driver underpinning the long-term future of the company.
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WPRT | Hot Stocks06:33 EST Westport announces methanol HPDI project - Westport announced a proof-of-concept project with a global supplier of power solutions for marine applications to test Westport's High Pressure Direct Injection, or HPDI. fuel system utilizing methanol for marine applications. The project, expected to start in the first quarter of 2024, will be fully funded by the OEM, and is planned to run for approximately nine months.
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CLNE | Hot Stocks06:33 EST Clean Energy opens two RNG fueling stations in DFW area - Clean Energy Fuels announced the opening of two new fueling stations that offer heavy-duty truck and other fleet vehicles renewable natural gas. A station in North Fort Worth, near Alliance and DFW airports, and another in South Dallas close to I-45, I-35 and I-20, are strategically located near dozens of distribution centers and allow trucks to take advantage of a fuel that provides similar convenience as diesel, yet is rated as one of the cleanest in the world. The two stations expand Clean Energy's fueling network of over 600 stations, and open at a time when RNG is becoming a fuel that many fleets are embracing to meet their carbon emissions reduction goals. A new 15-liter natural gas engine for heavy-duty trucks, the Cummins' X15N, is anticipated to be commercially available later in 2024 and is currently being tested by some of the largest and most demanding fleets in the country, including Walmart, Werner, Knight Swift, FedEx Freight and UPS. The early reaction to the X15N has been positive at a time when the heavy-duty truck market continues to struggle to find affordable and reliable alternatives to decarbonize their fleets.
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KALV | Hot Stocks06:31 EST KalVista presents additional Phase 3 KONFIDENT data at AAAAI meeting - KalVista Pharmaceuticals presented additional data on its phase 3 KONFIDENT trial for sebetralstat, including a more in-depth analysis of sebetralstat efficacy and safety at the 2024 American Academy of Allergy, Asthma & Immunology Annual Meeting taking place in Washington, DC. The following late-breaking presentation occurred at AAAAI 2024: Sebetralstat for On-demand Treatment of Hereditary Angioedema Attacks: Results of the Double-blind, Placebo-controlled Phase 3 KONFIDENT Trial: Marc Riedl, Division of Rheumatology, Allergy and Immunology, University of California San Diego, San Diego, California, United States. Among the additional efficacy analyses from KONFIDENT presented during the poster session were the proportions of attacks reaching the primary and key secondary endpoints without the use of a second dose. Proportions of attacks that reached the beginning of symptom relief without a second dose were 93.9% and 95.8% with sebetralstat 300 mg and 600 mg, respectively, while the proportions of attacks reaching a reduction in severity without a second dose were 90.9% and 95.9% with sebetralstat 300 mg and 600 mg, respectively. These proportions were 91.9% and 84.8% for complete attack resolution. Additional safety analyses demonstrated that the safety profiles associated with one dose or two doses of sebetralstat 300 mg or 600 mg were comparable to placebo. Data presented as a supplement also showed that the median time to all endpoints was shorter for attacks with higher initial severity, at both dose levels. Median times to beginning of symptom relief for moderate attacks were 1.6 hours for 300 mg and 2.1 hours for 600 mg, and for severe attacks the median times were 1.4 and 1.5 hours, respectively. Similarly, time to reduction in attack severity was also shorter for attacks that were rated moderate or severe at baseline, with median times of 5.0 and 3.3 hours, respectively, for moderate attacks and 1.3 and 1.4 hours, respectively, for severe attacks.
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RDWR | Hot Stocks06:22 EST Radware announces new flexible business model for MSSPs - Radware announced a new flexible business model for managed security service providers. The offering enables service providers to enjoy new revenue streams and grow their businesses by extending an innovative line of managed network and application security services to their customers. Catering to their business needs, Radware's new offering enables MSSPs to customize, rebrand, and resell the company's Cloud DDoS Protection and Cloud Application Protection Services. The services are built to defend MSSPs' customers against advanced cyber threats, including DDoS, DNS, application, and layer 7 Web DDoS attacks.
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FDP | Hot Stocks06:20 EST Fresh Del Monte exploring strategic alternatives for Mann Packing operation - CEO Mohammad Abu-Ghazaleh added, "During the fall of this year, we conducted a strategic review and assessed our operational priorities of our North America operations, including Mann Packing. Preliminary findings of this review were finalized in the fourth quarter. As a result of this strategic review and other factors, we recorded a non-cash impairment of $131.2 million in the quarter, primarily related to our Mann Packing operation. We are exploring strategic alternatives for this business while continuing to focus on improving profitability in all areas of our business, including innovations and strategic partnerships, in addition to controlling our costs this next fiscal year."
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FDP | Hot Stocks06:20 EST Fresh Del Monte raises quarterly dividend to 25c per share - The Company's Board of Directors declared on February 23, 2024, an increase to the quarterly cash dividend to $0.25 per share, payable on March 29, 2024, to shareholders of record on March 7, 2024.
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DPZ | Hot Stocks06:19 EST Domino's Pizza increases quarterly dividend, share repurchase program - The company's board of directors approved a 25% increase to its per share quarterly dividend and a $1.51 per share quarterly dividend was declared on its outstanding common stock for shareholders of record as of March 15, 2024, to be paid on March 29, 2024. Subsequent to the end of the fourth quarter of 2023, the company's board authorized an additional share repurchase program to repurchase up to $1B of the company's common stock, in addition to the $141.3M that was previously remaining for a total authorization of $1.14 billion for future share repurchases.
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TSEM | Hot Stocks06:16 EST Tower Semiconductor, Tianyi Micro collaborate to develop OLED microdisplays - Tower Semiconductor and Tianyi Micro announced their strategic cooperation in the development of next-generation OLED micro displays for AR/VR, addressing the growing Chinese and global market needs for advanced AR/VR solutions. The development is based on Tower's unique 180nm and 65nm dedicated micro display backplane process flows, supporting current-driven OLED pixel designs.
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GRVY | Hot Stocks06:14 EST Gravity to launch 'Ragnarok Origin' in North, Central, South America on Feb. 28 - GRAVITY announced that Ragnarok Origin will be launched in North, Central, South America on February 28, 2024, and Gravity Game Vision, Gravity's subsidiary in Hong Kong, is publishing the game. Ragnarok Origin is reinvented with 3D engine and higher quality of graphic compared to previous version. Upgraded mechanics and a revamped user interface will make the game play easier. Also, the classic aesthetics, BGM and story will bring back the memories of great experience from long-time fans. The game will be available not only for iOS and Android, but also for PC version.
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WIT NOK | Hot Stocks06:14 EST Wipro announces joint private wireless solution with Nokia - Wipro (WIT) announced a joint private wireless solution with Nokia (NOK), to help enterprises scale their digital transformation. This joint solution will provide enterprises with a more secure 5G private wireless network solution integrated with their operation infrastructure. Nokia will provide the Nokia Digital Automation Cloud, or DAC, and Modular Private Wireless, or MPW, solutions inclusive of hardware and software. Wipro, with its 5G Def-i with Industry DOT and OTNxt platforms, will offer strategic guidance and industry insights for effective integration into the enterprise environment. Wipro will develop the architecture and design.
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EGBN | Hot Stocks06:13 EST EagleBank provides $18M financing to DT Global - EagleBank closed $18,000,000 in credit facilities to DT Global, LLC and Subsidiaries. The facilities refinanced existing debt and increases DT Global's working capital to support their growth-driven needs. This transaction highlights EagleBank's significant presence in supporting federal defense and government services contractors, including those operating in the USAID space.
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FFIE | Hot Stocks06:10 EST Faraday Future to implement 1-for-3 reverse stock split - Faraday Future announced that the company intends to implement a reverse stock split of the issued and outstanding shares of the company's common stock, par value $0.0001 per share, at a ratio of 1-for-3, that is expected to become effective at 5:00 p.m. ET on February 29. The company's common stock is expected to begin trading on a split-adjusted basis commencing upon market open on March 1.
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LZM | Hot Stocks06:09 EST Lifezone Metals announces two-phased development plan for Kabanga Nickel Project - Lifezone Metals provided an update on progress of the Definitive Feasibility Study underway at its Kabanga Nickel Project, located in north-west Tanzania, and at Kahama, where Kabanga's Hydromet refinery will be located. Kabanga is believed to be one of the world's largest and highest grade undeveloped nickel sulfide deposits. The Kahama Hydromet Refinery will allow for in-country beneficiation of nickel, copper and cobalt with low carbon dioxide and zero sulfur dioxide emissions. Lifezone Metals has determined that a two-phase development plan for its Kabanga Nickel Project will form the base case of the Definitive Feasibility Study. Design work and mine planning to-date supports an expected 3.4 million tonnes per year operation in the aggregate, comprised of a 1.7 million tonne per year Phase 1 and an additional 1.7 million tonne per year Phase 2 expansion. The Company continues to collaborate closely with its project partner on this two-phased development plan, as well as numerous other Definitive Feasibility Study work streams. Lifezone Metals is working to evolve and integrate sustainability across Project planning, implementation and in-country operational readiness. The Kabanga Nickel Project Definitive Feasibility Study, which evaluates the technical specifications and economic business case of the Kabanga Underground Nickel-Copper-Cobalt Mine, Kabanga Concentrator and Kahama Hydromet Refinery, is a work-in-progress and mine planning continues, including the application of modifying factors to establish the economic viability of Mineral Reserves, with various major capital items tendered. The study remains on track for completion by the end of Q3 2024. Separate programs of extensive metallurgical testing continue in support of process designs for the Kabanga Concentrator and the Kahama Hydromet Refinery. Kabanga Concentrator test work conducted on a range of variability composite samples sourced from the 2023 drilling program, representative of massive sulfide and ultramafic lithology types from the Kabanga North and Tembo zones, has demonstrated high recoveries of nickel, copper and cobalt to concentrate. The fully optimized locked-cycle test on an Early Years Blend Composite with a feed grade of 2.03% nickel achieved a nickel recovery of 88.2% to a concentrate grading 18.8% nickel. The associated copper and cobalt recoveries into the concentrate were 98.2% and 91.0% at feed grades of 0.30% and 0.17%, respectively. These recoveries are notably higher than the assumed 87.2% nickel, 85.1% copper and 88.1% cobalt flotation recoveries used to calculate the December 2023 Mineral Resource Update. This test has confirmed the historical pilot-plant results and is also in good agreement with the recovery potential as indicated from mineralogy. Lifezone Metals considers these recoveries to be excellent, the high concentrate grades present an exceptional refinery feed with low levels of deleterious elements. Further variability test work on freshly drilled core intervals was initiated in January 2024 and is currently underway to test variation in lithology. Historical test work included bench scale, batch open-circuit and locked-cycle flotation test work and two continuous pilot-plan test campaigns. Additional test work in support of the concentrator design for the Kabanga Definitive Feasibility Study has been completed at the Bureau Veritas Laboratory in Perth, under the management of technical teams from Lifezone Metals and DRA Global - the principal consulting engineer responsible for the Kabanga Definitive Feasibility Study. Over 120 bench-scale, batch open-circuit flotation tests, 116 bench-scale, bulk open-circuit flotation tests and one fully optimized locked-cycle test have been undertaken to date in the current phase of work.
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NOW NVDA | Hot Stocks06:02 EST ServiceNow, Nvidia broaden pact with telco-specific generative AI solutions - ServiceNow (NOW) and Nvidia (NVDA) announced that they are broadening their relationship with the introduction of telco-specific generative AI solutions to elevate service experiences. The first solution, Now Assist for Telecommunications Service Management, or TSM, is built on the Now Platform and uses Nvidia AI to help boost agent productivity, speed time to resolution, and enhance customer experiences. As telcos look to reduce costs and uncover new business opportunities, they're turning to AI and automation. In a survey from IDC, 73% of global telecommunications service providers identified AI/ML investments to support operations as their top transformation priority.
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NOW | Hot Stocks06:00 EST ServiceNow to acquire NetACE, terms undisclosed - ServiceNow announced it has signed an agreement to acquire NetACE network management and automation technology from Atrinet to accelerate business transformation for telecommunications companies. Once re-platformed into the ServiceNow platform, Atrinet's NetACE technology will enable comprehensive, end-to-end network lifecycle management for telcos on a single, AI-first digital workflow platform. In conjunction with the sale of NetACE to ServiceNow, Atrinet has become a certified ServiceNow Consulting and Implementation Partner. This partnership aims to deepen ServiceNow's relationship with Atrinet and expand their offerings to provide implementation services to ServiceNow customers. ServiceNow expects to close the acquisition of Atrinet NetACE in Q2 2024. Financial terms of the deal will not be disclosed.
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CSCO TIXT | Hot Stocks05:58 EST Cisco, Telus International launch new 5G capabilities in North America - Cisco and Telus announced they are launching new 5G capabilities in North America to serve IoT use cases across industry verticals, with a focus on connected cars. The network will serve as a foundation to support drive testing by a major North American automotive manufacturer's 5G Connected Car, while setting the stage for enhanced experiences for customers and revenue opportunities for carmakers. With these enhanced capabilities, Telus Control Center powered by Cisco can now support automated provisioning, dynamic policy, charging and quota management outcomes to launch new subscription services on demand, and manage SIM and vehicle lifecycle for any Connected Car OEM or enterprise.
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RIOT... | Hot Stocks05:55 EST DOE to suspend survey of energy use by crypto miners - The U.S. DOE says it will suspend its mandatory survey of energy use by crypto miners, following a lawsuit by bitcoin miner Riot Platforms (RIOT) and an industry group. Other publicly traded bitcoin miners include Marathon Digital Holdings (MARA), Cipher Mining (CIFR), Canaan (CAN), and Hut 8 Mining (HUT). Reference Link
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VZ... | Hot Stocks05:53 EST Verizon, KDDI partner to connect Afeela electric vehicles - Verizon (VZ) and KDDI announced plans for a collaboration to bring connected car capabilities to the Afeela brand's first mass-production electric vehicle in the United States. This collaboration will enable cellular connectivity and advanced mobility features for the first Afeela mass-produced electric vehicle in the United States, using Verizon's 5G and 4G LTE networks and KDDI's Global Communications Platform to support Car Connectivity. Sony Honda Mobility was established by Sony (SONY) and Honda (HMC) for the joint development and sale of electric vehicles and the provision of services for mobility in September 2022. Under the purpose of "Move people, through the pursuit of innovation with diverse inspirations," SHM is paving the way for a new era of mobility as a Mobility Tech Company.
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STLA | Hot Stocks05:45 EST Ayvens reaches frame agreement with Stellantis to buy up to 500,000 vehicles - Ayvens and Stellantis have come to a multi-billion euro frame agreement that encourages Ayvens' affiliates to buy up to 500,000 vehicles for its long-term leasing fleet across Europe over the next three years. First significant delivery volumes are expected to begin in the first half of 2024 and continue throughout the year. Ayvens was created in May 2023 when ALD Automotive acquired LeasePlan, one of the world's leading fleet management and mobility companies. One of the shared priorities will be integrating Stellantis' innovative range of sustainable vehicles to support Ayvens' multi-brand strategy. Deliveries to Ayvens will include a variety of vehicle classes, ranging from city cars to SUVs and vans, featuring the latest software, infotainment and connectivity tech. Specific order quantities, compositions and delivery dates beyond the volumes already planned for 2024 can be flexibly agreed between the two companies, taking into consideration fleet requirements and demand.
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WMG | Hot Stocks05:30 EST Warner Music signs Nora Fatehi to U.S. deal - Nora Fatehi, the singer, dancer, and actress, whose music has already attracted millions of fans and billions of views and streams, has signed a new deal with Warner Music - her first agreement with a major global record company. The partnership is to promote Nora's global music career, working with teams in the U.S. and across the world, expanding her fanbase through a range of exciting projects and releases. She will remain signed to T-Series, the Indian music label and movie studio, for her Bollywood projects.
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KD HPE | Hot Stocks05:27 EST Kyndryl enters global pact, private 5G network collaboration with HP Enterprise - Kyndryl (KD) announced a strategic alliance with HP Enterprise (HPE). Kyndryl is working with Athonet, a Hewlett Packard Enterprise company, to jointly develop and deliver LTE and 5G private wireless services to customers worldwide. By combining private LTE/5G, powered by Athonet, a Hewlett Packard Enterprise company, and enterprise campus wired and WLAN connectivity solutions from HPE Aruba Networking, Kyndryl will be able to provide enterprises with the ability to integrate private 5G and Wi-Fi networks. This technology combination will offer enterprise customers across sectors security-rich, expanded connectivity, business agility, and enhanced overall experience.
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ESLT | Hot Stocks05:23 EST Elbit Systems awarded $600M contract to supply systems - Elbit Systems announced, following its announcement from August 16, 2023, that it was awarded a contract worth approximately $600M to supply systems to Hanwha Defense Australia for the Australian Land 400 Phase 3 Project. This project aims to deliver advanced protection, fighting capabilities and sensors suite to the Redback Infantry Fighting Vehicles, or IFV, for the Australian Army. The contract will be performed over a period of five years.
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BGNE | Hot Stocks05:12 EST BeiGene receives CHMP opinion recommending approval of tislelizumab - BeiGene announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, issued a opinion recommending approval of tislelizumab as a treatment for non-small cell lung cancer, or NSCLC, across three indications: In combination with carboplatin and either paclitaxel or nab-paclitaxel for the first-line treatment of adult patients with squamous NSCLC who have locally advanced NSCLC and are not candidates for surgical resection or platinum-based chemoradiation, or metastatic NSCLC. In combination with pemetrexed and platinum-containing chemotherapy for the first-line treatment of adult patients with non-squamous NSCLC whose tumors have PD-L1 expression on greater than or equal to50% of tumor cells with no EGFR or ALK positive mutations and who have locally advanced NSCLC and are not candidates for surgical resection or platinum-based chemoradiation, or metastatic NSCLC. As monotherapy for the treatment of adult patients with locally advanced or metastatic NSCLC after prior platinum-based therapy. Patients with EGFR mutant or ALK positive NSCLC should also have received targeted therapies before receiving tislelizumab.
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NIO | Hot Stocks05:08 EST Nio enters technology license agreement with Forseven - Nio announced that its subsidiary, Nio Technology, has entered into a technology license agreement with Forseven, a subsidiary of CYVN Holdings. Pursuant to the technology license agreement, the company will grant a non-exclusive and non-transferrable worldwide license to Forseven to use certain of the company's existing and future technical information, technical solutions, software and intellectual property rights related to or subsisting in the company's smart electric vehicle platforms for the research and development, manufacturing, sales, import and export of vehicle models sold or marketed under Forseven brand(s) meeting pre-agreed manufacturer's suggested retail price thresholds under the technology license agreement, and the provision or procurement of certain after-sales services for the licensed products to its users. Under the technology license agreement, the company will receive technology license fees comprising a non-refundable, fixed upfront license fee plus royalties determined based on the future sales of licensed products by Forseven. Unless terminated in accordance with provisions provided therein, the technology license agreement will remain valid until the end of production of the licensed products or the expiration of Forseven's obligation to provide after-sales services to its users. The technology license agreement may be terminated by either party under certain conditions. The company may also terminate the technology license agreement under certain conditions, including if a company that owns one or more automotive brands and sells vehicles under such brand(s) to the market obtains control of Forseven.
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