Stockwinners Market Radar for March 19, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PBYI... | Hot Stocks22:17 EDT Puma Biotechnology says court denied AstraZeneca's motion for invalidity - In a regulatory filing, Puma Biotechnology (PBYI) noted that on September 22, 2021, the company and Wyeth, as co-plaintiffs, filed suit against AstraZeneca (AZN) for infringement of United States Patent Nos. 10,603,314 and 10,596,162. The company's complaint alleges that AstraZeneca's commercial manufacture, use, offer for sale, sale, distribution, and/or importation of Tagrisso products for the treatment of gefitinib and/or erlotinib-resistant non-small cell lung cancer infringes the '314 and '162 patents. The company is an exclusive licensee of the '314 and '162 patents under the Pfizer (PFE) Agreement. Plaintiffs seek a judgment that AstraZeneca's product infringes the asserted patents and an award of monetary damages in an amount to be proven at trial. AstraZeneca filed an answer and counterclaims on November 5, 2021, including claims challenging the asserted patents as not infringed and/or invalid, and accusing plaintiffs of unclean hands and patent misuse. On March 18, 2024, the court denied AstraZeneca's motion for invalidity, denied AstraZeneca's motion for summary judgment of non-infringement, except as to pre-issuance damages, and denied plaintiffs' motion for summary judgment on AstraZeneca's advice of counsel defense. The court denied the plaintiffs' and defendants' motions to exclude certain expert testimony. AstraZeneca also moved to dismiss both the company and Wyeth as plaintiffs for lack of constitutional standing. The court denied the motion to dismiss with respect to Wyeth and granted the motion with respect to the company. The company was dismissed as a plaintiff in the matter, but remains a counterclaim-defendant in the action. "Under the company's worldwide exclusive license agreement with Pfizer, the parent of Wyeth, as amended, the company also maintains contractual rights to recover monetary damages in the AstraZeneca litigation, and those contractual rights are unaffected by the court's March 18, 2024 order on the standing motion. The case remains ongoing with a jury trial scheduled to begin on May 13, 2024," Puma stated.
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EPOW | Hot Stocks21:01 EDT Sunrise New Energy discloses Nasdaq listing requirement notice - Sunrise "announced that it has received a letter from the Nasdaq Stock Market LLC on March 14, 2024, notifying the Company that it no longer meets the minimum bid price requirement set forth in the Nasdaq Listing Rules. The Notification Letter has no immediate impact on the listing or trading of the Company's shares on Nasdaq. The Notification Letter does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, or contractual obligations. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's Class A ordinary shares for the 30 consecutive business days from January 30, 2024 to March 14, 2024, the Company no longer meets the minimum bid price requirement."
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U | Hot Stocks20:24 EDT Cathie Wood's ARK Investment bought 138K shares of Unity today
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ZTO | Hot Stocks18:05 EDT ZTO Express sees FY24 parcel volume up 15%-18% y/y - Based on current market conditions and current operations, the company's parcel volume for 2024 is expected to be in the range of 34.73B-35.64B, representing a 15%-18% increase year over year.
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ZTO | Hot Stocks18:04 EDT ZTO Express approves cash dividend of 62c per ADS for FY23 - The board of directors has approved a cash dividend of 62c per ADS and ordinary share for the fiscal year 2023, representing a 68% increase compared to the dividend for the fiscal year 2022, to holders of its ordinary shares and ADSs as of the close of business on April 10, 2024. The payment date is expected to be April 22, 2024 for holders of Class A ordinary shares, and April 29, 2024 for holders of ADSs.
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ZTO | Hot Stocks18:02 EDT ZTO Express upsizes share repurchase program by $500M
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CMG | Hot Stocks17:53 EDT Chipotle board approves 50-for-1 stock split - Chipotle Mexican Grill "announced that its Board of Directors approved a 50-for-one split of its common stock. The stock split is subject to shareholder approval of an amendment to the Company's Certificate of Incorporation to increase the number of authorized shares of common stock to accommodate the stock split. The company intends to seek shareholder approval for this amendment at its upcoming annual meeting on June 6, 2024."
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PB | Hot Stocks17:46 EDT Prosperity Bancshares receives regulatory approval for Lone Star acquisition - Prosperity Bancshares, the parent company of Prosperity Bank, announced that it has received all regulatory approvals necessary to complete its previously announced acquisition of Lone Star State Bancshares, the parent company of Lone Star State Bank of West Texas. The merger is expected to be effective as of April 1 subject to the satisfaction or waiver of customary closing conditions described in the definitive merger agreement. Lone Star banking locations will continue to operate under the Lone Star name until the operational integration, which is scheduled for October 28. At that time, Lone Star customers may begin using any of Prosperity Bank's combined 288 banking centers. Upon completion of the merger, Prosperity's West Texas Area will have 49 banking centers.
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BA | Hot Stocks17:25 EDT Boeing awarded $1.14B Navy contract modification - Boeing was awarded a not-to-exceed $1.14B, firm-fixed-price, undefinitized modification to a previously awarded contract. This modification procures 10 F/A-18F Lot 46 aircraft, as well as two F/A-18F and five F/A-18E Lot 47 aircraft. This modification also provides for Phase One of the F/A-18E/F and EA-18G technical data package including the operation, maintenance, installation and training data in support of F/A-18 and EA-18G sustainment efforts for the Navy. Work is expected to be completed in April 2027. FY23 aircraft procurement funds in the amount of $50M and FY22 aircraft procurement funds in the amount of $213.06M, will be obligated at the time of award, $213.06M of which will expire at the end of the current fiscal year. Naval Air Systems Command is the contracting activity.
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GIL | Hot Stocks17:00 EDT Gildan to contact other potential bidders in light of recent media reports - Gildan issued the following statement in response to recent media reports: "In response to the receipt of a confidential non-binding expression of interest to acquire Gildan, Gildan's Board formed a Special Committee of independent directors to, among other things, review and consider the merits of the proposal and any alternative transaction, including maintaining the status quo and continuing to execute on Gildan's existing business plan. After consulting with its legal and financial advisors and considering the interests of Gildan's shareholders and other stakeholders, the Special Committee determined that it was consistent with its fiduciary duties and in the best interests of Gildan to contact other potential bidders with a view to maximizing the value of any potential transaction. The Special Committee, with the assistance of its financial advisors, conducted targeted outreach to a small number of reputable potential counterparties. Several of these counterparties expressed an interest in considering a potential friendly transaction with Gildan. There can be no assurance any transaction will result from these discussions, and Gildan will continue to provide updates as appropriate."
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GILD GIL | Hot Stocks17:00 EDT Correction: Gildan Activewear to contact other potential bidders, not Gilead
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IDCC | Hot Stocks16:50 EDT InterDigital's Hakoranta sells over $403K in shares - InterDigital officer Eeva Hakoranta disclosed the sale of 3,910 shares of company stock at $103.17 per share on March 19, for a total transaction amount of $403,395.
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JPM | Hot Stocks16:39 EDT JPMorgan raises quarterly dividend to $1.15 per share from $1.05 - The dividend is payable on April 30, 2024, to stockholders of record at the close of business on April 5, 2024.
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AEON | Hot Stocks16:38 EDT Aeon: EOP2 meeting with FDA productive, defined primary endpoint for Phase 3 - Aeon Biopharma announced a productive end-of-Phase 2, EOP2, meeting with the U.S. Food and Drug Administration FDA following the Phase 2 data in episodic migraine previously released in October 2023, that supports advancing ABP-450 or prabotulinumtoxinA injection into the proposed pivotal Phase 3 program. As part of the updated development plan, the Company will now conduct an interim analysis of the ongoing Phase 2 study of ABP-450 for the preventive treatment of chronic migraine and anticipates releasing the data in the second quarter of 2024. "We are pleased to announce a productive end-of-Phase 2 meeting with the FDA, during which we aligned on the proposed study design and the primary endpoint for the pivotal Phase 3 program with ABP-450 injection for the preventive treatment of episodic and chronic migraine," commented Marc Forth, President and Chief Executive Officer of AEON. "The insights from our Phase 2 study in episodic migraine were well received by regulators and provide an exciting next step to conduct an interim analysis of the ongoing Phase 2 program in chronic migraine with the same primary endpoint we plan to utilize in the proposed Phase 3 trials. With data from over 300 participants that have completed the two 12-week treatment cycles, the interim analysis of the Phase 2 study in chronic migraine is statistically powered to show efficacy."
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TMHC | Hot Stocks16:36 EDT Taylor Morrison CEO sells $5.66M in common stock - In a regulatory filing, Taylor Morrison disclosed that its CEO Sheryl Palmer sold 100K shares of common stock on March 15th in a total transaction size of $5.66M.
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STLA | Hot Stocks16:36 EDT Stellantis announces pact with CARB - Stellantis announced a partnership with the California Air Resources Board, or CARB. As part of the agreement with CARB, Stellantis pledged to expand its ongoing commitment to strengthen its electrification offensive through educational efforts for U.S. consumers and dealers on the benefits of electric vehicles, or EV. This includes collaborating with Veloz, the leader in promoting EV awareness efforts, providing discounted EVs to organizations in disadvantaged communities, and building upon ongoing efforts and contributing an additional $10M for the installation of public EV chargers.
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COIN | Hot Stocks16:35 EDT Coinbase CFO sells $1.07M in common stock - In a regulatory filing, Coinbase disclosed that its CEFO Alesia Haas sold 4.8K shares of common stock on March 15th in a total transaction size of $1.07M.
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GILD | Hot Stocks16:34 EDT Gilead to contact other potential bidders in light of recent media reports - Gildan issued the following statement in response to recent media reports: "In response to the receipt of a confidential non-binding expression of interest to acquire Gildan, Gildan's Board formed a Special Committee of independent directors to, among other things, review and consider the merits of the proposal and any alternative transaction, including maintaining the status quo and continuing to execute on Gildan's existing business plan. After consulting with its legal and financial advisors and considering the interests of Gildan's shareholders and other stakeholders, the Special Committee determined that it was consistent with its fiduciary duties and in the best interests of Gildan to contact other potential bidders with a view to maximizing the value of any potential transaction. The Special Committee, with the assistance of its financial advisors, conducted targeted outreach to a small number of reputable potential counterparties. Several of these counterparties expressed an interest in considering a potential friendly transaction with Gildan. There can be no assurance any transaction will result from these discussions, and Gildan will continue to provide updates as appropriate."
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MBRX | Hot Stocks16:32 EDT Moleculin Biotech announces reverse stock split - Moleculin Biotech announced a 1-for-15 reverse stock split of its common stock. The reverse stock split will take effect on March 21, and the Company's common stock will open for trading on The Nasdaq Capital Market on March 22, on a post-split basis, under the existing ticker symbol "MBRX" but with a new CUSIP number 60855D309. The reverse stock split is part of the Company's plan to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. As a result of the reverse stock split, every fifteen shares of the Company's common stock issued and outstanding prior to the opening of trading on March 22, will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of 0.1c. No fractional shares will be issued as a result of the reverse stock split. Stockholders of record who would otherwise be entitled to receive a fractional share will be entitled to the rounding up of the fractional share to the nearest whole number. As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced from approximately 33.4M shares to approximately 2.2M shares, and the number of authorized shares of common stock will remain at 100 million shares. In addition, the number of shares reserved for issuance under the Company's equity compensation plan immediately prior to the reverse stock split will be reduced proportionately.
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CAAP | Hot Stocks16:32 EDT Corporacion America Airport reports February traffic up 5.4% from last year - Corporacion America Airports reported a 5.4% year-on-year increase in passenger traffic in February 2024, reaching 92.8% of February 2019 levels. International passenger traffic surpassed pre-pandemic levels by 4.2%, while domestic traffic stood at 89.7% of February 2019 levels.
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VNRX | Hot Stocks16:31 EDT VolitionRx names Dr Andrew Retter as Chief Medical Officer - VolitionRx has appointed Dr Andrew Retter as its Chief Medical Officer, effective April 1. Andrew is an Intensive Care Consultant at Guy's and St. Thomas' NHS Foundation Trust in London, where he has worked as a Consultant since 2014 and leads Clinical Governance in Critical Care.
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RJF | Hot Stocks16:30 EDT Raymond James CEO Paul Reilly to step down in 2025, Paul Shoukry to succeed - Raymond James announced that as part of its multi-year succession planning process, effective immediately, CFO Paul Shoukry is appointed president of Raymond James Financial. It's expected that he will become the firm's CEO sometime during fiscal 2025, following a transition period. Once the planned succession process is complete, Shoukry would become only the fourth chief executive in the company's history, and current chair and CEO Paul Reilly would remain on the board as executive chair. Shoukry will retain his current responsibilities until he transitions to the CEO role. As part of the firm's succession plans, Raymond James is announcing other key leadership changes and appointments. Jeff Dowdle has announced that he will be retiring and stepping down from the COO role at the end of the fiscal year. As part of this change, Raymond James Financial Private Client Group president Scott Curtis will become COO of Raymond James Financial, current Raymond James & Associates CEO Tash Elwyn will become president of the Private Client Group, and Global Equities & Investment Banking President Jim Bunn will become president of the Capital Markets segment. These changes will be effective October 1, at which time Dowdle will be named vice chair and serve in an advisory role to facilitate a transition.
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CTO | Hot Stocks16:27 EDT CTO Realty closes sale of Santa Fe mixed-use property for gain of $4.6M - CTO Realty Growth announced the closing of the sale of its mixed-use property totaling approximately 136,000 square feet in downtown Santa Fe, New Mexico . The Property was sold for approximately $20M representing an exit cap rate within the range of the Company's current guidance for disposition cash yields and generating a gain on sale of approximately $4.6M. "In recent months, we have successfully sold many of our smaller non-core properties and nearly all of our legacy office exposure," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth, Inc. "We anticipate using the proceeds from this sale to fund the acquisition of a core power center in the Orlando MSA, which we expect to close in the first quarter of 2024."
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CRVS | Hot Stocks16:22 EDT Corvus to initiate Phase 1 trial of soquelitinib for AD in Q2 - In February , the U.S. Food and Drug Administration or FDA, granted Orphan Drug Designation for soquelitinib for the treatment of T cell lymphoma, providing potential benefits including assistance in the drug development process, tax credits for clinical costs, exemptions from certain FDA fees and seven years of post-approval marketing exclusivity. The Company has also obtained alignment with FDA on its protocol for a registrational Phase 3 clinical trial of soquelitinib in patients with relapsed PTCL and anticipate initiating the trial in the third quarter of 2024. There are currently no FDA fully approved agents for the treatment of relapsed PTCL. Corvus plans to initiate a randomized, placebo-controlled Phase 1 trial of soquelitinib in patients with moderate to severe atopic dermatitis in the second quarter of 2024, with the potential for initial data from the trial before year end 2024.
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MO BUD | Hot Stocks16:21 EDT Altria Group enters into $2.4B share buyback after closing InBev stock offering - Altria Group (MO) "announces that we entered accelerated share repurchase transactions under separate agreements with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC on March 15, 2024, to repurchase $2.4 billion of our common stock. Under the terms of the ASR agreements, on March 19, 2024, we received an initial share delivery of approximately 85% of the shares to be repurchased, based on the closing price per share of our common stock on March 15, 2024. We expect the remainder of the shares to be delivered no later than the end of the second quarter of 2024. Under certain circumstances specified in the ASR agreements, we may be required to deliver shares or pay cash, at our option, upon settlement of the ASR agreements. The total number of shares ultimately purchased under the ASR agreements will depend upon final settlement and will be based on volume-weighted average prices of our common stock during the terms of the ASR transactions, less a discount. The ASR transactions are part of our expanded $3.4 billion share repurchase program, which we expect to complete by December 31, 2024. Share repurchases depend on marketplace conditions and other factors, and the program remains subject to the discretion of our Board of Directors. We also announce the closing of our sale of 35 million shares of Anheuser-Busch InBev SA/NV (BUD) through a global secondary offering (offering) comprised of a public offering of ABI ordinary shares represented by American depositary shares (ADS) in the United States, a public offering of ABI ordinary shares in the United States, a concurrent private placement of ABI ordinary shares in the European Economic Area and the United Kingdom and an offering of ABI ordinary shares, including ABI ordinary shares represented by ADSs, in other countries outside the United States, at a price of $61.50 per ADS, corresponding to EUR 56.17 per ABI ordinary share. In addition, ABI repurchased $200 million of ordinary shares directly from us, concurrently with the completion of the offering. We granted the underwriters an option to purchase up to an additional 5.25 million of our ABI shares at the price per ADS paid by the underwriters in the offering, exercisable within 30 days of the underwriting agreement, executed on March 14, 2024. In conjunction with the offering, we committed to a 180-day lockup from the date of the underwriting agreement with the lead underwriter for our remaining ABI shares."
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NYXH | Hot Stocks16:20 EDT Nyxoah announces DREAM study meets primary endpoints - Nyxoah announced the DREAM U.S. pivotal study achieved a statistically significant reduction in the co-primary endpoints of 12-month AHI responder rate, per the Sher criteria, and ODI responder rate, both on an ITT basis. The DREAM study is a trial, being conducted under an investigational device exemption and is designed to support the marketing authorization of the Genio hypoglossal nerve stimulation system, or HGNS, in the United States. This multicenter, prospective, open-label, interventional study enrolled 115 patients and has co-primary efficacy endpoints of the Apnea-Hypopnea Index, or AHI, responder rate, per the Sher criteria, and the Oxygen Desaturation Index, or ODI, responder rate, both measured at 12 months. Subjects also were required to sleep supine for at least 60 minutes at their 12-month polysomnography test, or PSG. Study participants entered the DREAM study with a mean AHI of 28.0, mean ODI of 27.0 and mean body mass index of 28.5. At 12 months, 73 subjects were determined to be AHI responders, per the Sher criteria, resulting in an ITT AHI responder rate of 63.5%, and 82 subjects were determined to be ODI responders, resulting in an ODI responder rate of 71.3%. Subjects demonstrated a median 12-month AHI reduction of 70.8%, with similar AHI improvements in supine and non-supine sleeping positions. The safety results for the investigational treatment were favorable, with 11 serious adverse events, or SAEs, in ten subjects resulting in an SAE rate of 8.7%. Out of the 11 SAEs, three were device related and there were three explants.
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SPWH... | Hot Stocks16:19 EDT Sportsman's Warehouse names Krischelle Tennessen CHRO, Michael Simpson CIO - Sportsman's Warehouse Holdings announced that it has named Krischelle Tennessen as Chief Human Resources Officer and Michael Simpson as Chief Information Officer. "These key strategic hires are significant additions to the organization as we continue to build out the team with exceptional talent," states Paul Stone, Sportsman's Warehouse (SPWH) President and Chief Executive Officer. "Both Krischelle and Mike complement the existing skills and experience of our leadership team and I look forward to working with them directly, as we pursue excellence throughout the organization. I am pleased to welcome them to Sportsman's Warehouse." As the newly appointed Chief Human Resources Officer, Ms. Tennessen will oversee company culture, HR strategy and processes, and talent development. Ms. Tennessen brings nearly 30 years of human resources experience to Sportsman's Warehouse. She is a proven leader and most recently served as Chief Human Resources Officer with The Joint Chiropractic (JYNT), and from 2019 to 2022 was the Senior Vice President of Human Resources for Five Below where she helped design the HR strategy to support the corporate vision and led all functions of HR across the organization. She also previously served as the Chief Human Resources Officer at Marvin Windows and Doors from 2016 to 2019. Ms. Tennessen spent nearly 10 years in various leadership roles at Walmart (WMT) and started her career at Target, where during her 12-year tenure she held positions in HR, Store Operations, and Project Management. Ms. Tennessen received her BS in Human Resources Management from Winona State University and earned a master's degree in Organizational Management from The University of Phoenix. In his role as Chief Information Officer, Mr. Simpson will be responsible for all areas of technology for the organization. He brings over 20 years of leadership experience in tech and software development, including 15 years of experience in retail. Prior to joining the Company, Mr. Simpson served in various technology leadership roles at Target Corporation (TGT).
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AMCR | Hot Stocks16:18 EDT Amcor CEO Ron Delia to retire, Peter Konieczny named interim CEO - Amcor announced that after nine years as CEO, Ron Delia has informed the Board of Directors of his decision to retire from the company and step down from the Board for health reasons, effective April 15. The Board has appointed Peter Konieczny, Amcor's current Chief Commercial Officer and a long-standing member of the company's Global Management Team, as Interim CEO. Delia will provide continued support in an advisory role until September 30 to facilitate the transition. The Board is conducting a thorough search process to identify a permanent successor for the CEO role, which will include internal and external candidates.
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SDHC | Hot Stocks16:17 EDT Smith Douglas Homes reports FY23 home closings up 4.4% from FY22 at 2,297 - In FY23: Net new orders increased 22.8% to 2,368. Backlog homes increased 18.3% to 912. Sales value of backlog homes increased 20.1% to $310.7M.
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AOUT | Hot Stocks16:17 EDT American Outdoor Brands announces settlement agreement with Vista and Bushnell - American Outdoor Brands announced that it has reached an amicable settlement agreement with Vista Outdoor Sales and Bushnell Holdings to settle pending patent litigation. On May 30, 2023, AOB filed a complaint against Vista alleging that, through Vista's sales of the RCBS ChargeMaster Supreme Electronic Powder Dispenser, Vista was infringing AOB's patent rights incorporated in the Frankford Arsenal Intellidropper electronic powder measure. On August 1, 2023, Bushnell filed a complaint against AOB alleging that, through AOB's sales of certain hunting blind products, AOB was infringing Bushnell's patent rights under U.S. Pat. Nos. 7,475,699, 7,717,124, and 7,984,725. As a result of the settlement, the two cases have been dismissed. No further details of the settlement will be provided.
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WBD | Hot Stocks16:08 EDT Warner Bros. Discovery announces exclusive U.S. media rights agreement with PFL - The Professional Fighters League, or PFL, and Warner Bros. Discovery announced an exclusive U.S. media rights agreement for the new Bellator Champion Series, a mixed martial arts championship, debuting this Friday, March 22. "This new series will stream exclusively on Max and be available on all plans. The series includes eight mega events staged in cities across the globe, featuring world-ranked fighters and two title fights during each event," Warner Bros. Discovery stated. Reference Link
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BHE | Hot Stocks16:08 EDT Benchmark Electronics announces resignation of CFO Roop Lakkaraju - Benchmark Electronics announced Roop K. Lakkaraju, Executive Vice President and CFO intends to resign from his position to pursue another professional opportunity outside of Benchmark. Lakkaraju will remain in his current role until April 1. Effective April 1 Arvind Kamal, Benchmark's current Vice President of Finance, will assume the role of interim CFO. Kamal has been with Benchmark for more than 4 years and has a deep understanding of the EMS sector. During this transition, Kamal's leadership capabilities across both finance and accounting position him well to continue Benchmark's ongoing pursuit of our financial objectives. Over the coming months, the company intends to conduct a formal search process to identify Benchmark's next chief financial officer.
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LGVN | Hot Stocks16:06 EDT Longeveron announces 1-for-10 reverse split of common stock - Longeveron announced that the Company's Board of Directors has approved a 1-for-10 reverse split of the Company's Class A common stock, par value $0.001 per share and Class B common stock, par value $0.001 per share . The Reverse Split was previously approved by the Company's stockholders at a special meeting held on February 21...The Reverse Split will legally take effect at 11:59 p.m. Eastern Time, on March 26... The Company's Class A common stock will open for trading under a new CUSIP number 54303L 203 on The Nasdaq Capital Market on March 27. on a split-adjusted basis under the current ticker symbol "LGVN." The Reverse Split is intended to increase the per share trading price of the Company's common stock to enable the Company to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.
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CJJD | Hot Stocks16:06 EDT China Jo-Jo Drugstore regains Nasdaq compliance - China Jo-Jo Drugstores announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market on March 15, notifying the company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement and the matter is closed.
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GAMB | Hot Stocks16:05 EDT Gambling.com secures new $50M credit facility - Gambling.com "announced the closing of a new credit facility with Wells Fargo Bank, National Association in the principal amount of $50 million, comprised of a $25 million revolving credit facility and a $25 million term loan facility. The new Credit Facility matures on March 19, 2027, and, subject to approval by Wells Fargo, may be incrementally increased by up to $10 million in the aggregate. The credit facility is expected to be used for general corporate purposes, to settle deferred consideration, and to fund potential growth opportunities."
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BOX | Hot Stocks15:50 EDT Box sees long-term gross margin of 82%-83% - Box said it will deliver "sustainable growth and continued margin expansion" in slides for the company's investor day meeting.
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BOX | Hot Stocks15:45 EDT Box sees long-term revenue growth of 10%-15% - Box issued the long-term revenue growth guidance in slides for the company's investor day meeting.
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DIS | Hot Stocks15:17 EDT ESPN, College Football Playoff extend media rights agreement through 2031 season - ESPN and the College Football Playoff, or CFP, have reached a pair of media agreements that ensures ESPN will continue as the exclusive, worldwide rightsholder to college football's postseason event through the 2031-32 season. The exclusive home of the CFP since its inception in 2015, ESPN will expand its current package for the final two years, adding all four of the new first round games each year to ESPN's existing New Year's Six and the CFP National Championship rights in the new 12-team playoff that will launch this Fall. In addition, ESPN has secured a new, six-year agreement - beginning in the 2026-27 season - for the entire CFP, which includes exclusive rights to all rounds of the expanded playoff - first round, quarterfinal, semifinal and National Championship, as well as continued exclusive rights to all ancillary programming connected to the playoff, such as the CFP Selection Show, weekly Top 25 Rankings Shows and more. In both the amended two-year agreement and new six-year extension, the CFP provides ESPN with the right to sublicense a select number of games. Beginning in the 2026-27 season, ESPN will broadcast the CFP National Championship on ABC in addition to offering its MegaCast presentation across ESPN platforms. In all, the new agreement includes expansive rights to simulcast or MegaCast CFP games across all Disney platforms, including TWDC Direct-to-Consumer offerings. The new, six-year agreement also provides expanded sales and sponsorship opportunities that will cement Disney Advertising as the exclusive seller of the College Football Playoff Official Partner Program and broaden Disney Advertising's ability.
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X NPSCY | Hot Stocks14:57 EDT U.S. Steel shares email to employees on 'strong support' for Nippon Steel deal - In a regulatory filing, United States Steel shared an email that was sent to employees on March 19 in which the company stated in part: "Nippon Steel's proposed acquisition of U.S. Steel generated a significant amount of media coverage over the last week, so we've expanded this week's edition in this series to ensure you see the strong, continued support being expressed for this deal." Reference Link
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GIL | Hot Stocks14:11 EDT Gildan Activewear trading halted, news pending
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GIL | Hot Stocks13:56 EDT Gildan Activewear up 7% after report of board putting company up for sale - Shares of Gildan Activewear trading in New York are up $2.23, or 7%, to $36.03 following the report from The Globe and Mail.
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CABA | Hot Stocks13:47 EDT Cabaletta Bio treatment of systemic sclerosis granted orphan designation - Cabaletta Bio's treatment of systemic sclerosis was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
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MRC | Hot Stocks13:45 EDT MRC Global targeting about $200M in operating cash flow in 2024 - MRC Global issued a statement in response to the recent statement and nomination notice the Company has received from Engine Capital, stating in part: "For the full-year 2023, MRC Global set several new records for profit margins, balance sheet strength and working capital efficiency. Notably, we generated significant operating cash for the year of $181 million, well above what we previously expected. We also set a company record for adjusted gross margins. The fundamentals of our three business sectors and their long-term outlook remain strong, especially given the high demand for our products and services. We have seen a meaningful improvement in our backlog and our new orders over the early part of 2024, and we expect to return to growth in the coming quarters. With the recent improvements in our cost structure and our working capital efficiencies, we expect to generate significant earnings and cash flow across the business cycle. We are targeting to generate approximately $200 million in operating cash flow in 2024. This, combined with the strength of our balance sheet - MRC Global has record low net debt as a public company - will provide us with a lot of flexibility to pursue a capital allocation strategy that is focused on the highest return opportunities, including investing in our growth drivers and distributing capital to our shareholders... As noted in our preliminary proxy statement, our Board and leadership team have held discussions with Engine Capital over the past several months. In addition to several meetings with Arnaud Ajdler to better understand his perspectives, members of our Board interviewed Engine Capital's candidates to assess their qualifications for potential addition to the MRC Global Board. Following these interviews, the Board determined that these candidates do not bring any additional skills to the Board that it does not already possess. Our Board and management team regularly and proactively review MRC Global's business against our strategic priorities and other opportunities available to the Company. The MRC Global Board and management team are committed to serving in the best interests of all our shareholders and we will continue to take actions that are in the best interests of driving long-term value creation."
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ARBE | Hot Stocks13:19 EDT Arbe Robotics says 'thrilled to be part of the NVIDIA sensor ecosystem' - Arbe Robotics tweeted: "Arbe is thrilled to be part of the NVIDIA sensor ecosystem! NVIDIA is spearheading revolutionary autonomous system advancements with Omniverse Cloud APIs, providing autonomous vehicle AI developers with a top-notch simulator." Reference Link
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DIS | Hot Stocks13:09 EDT Disney says 'Eras Tour' had 4.6M views, 16.2M hours in Disney+ opening weekend - "Taylor Swift The Eras Tour (Taylor's Version) continues its record-breaking streak with 4.6 million views on Disney+ in 3 days, making it the No. 1 music film ever on the platform. Taylor Swift fans took to Disney+ to watch 16.2 million hours of the blockbuster 3.5-hour concert film this weekend," Disney stated. Reference Link
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BXMT | Hot Stocks12:41 EDT Block says commercial real estate shakeout in 'early innings' - Carson Block of Muddy Waters is speaking on Bloomberg TV.
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BXMT | Hot Stocks12:40 EDT Muddy Waters 'more bearish' on Blackstone Mortgage, Block says - Carson Block of Muddy Waters is speaking on Bloomberg TV.
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TAK | Hot Stocks12:23 EDT Takeda announces FDA approval of supplemental indication for Iclusig - Takeda announced that the Food and Drug Administration has approved the supplemental new drug application for Iclusig for the treatment of adult patients with newly diagnosed Philadelphia chromosome-positive acute lymphoblastic leukemia in combination with chemotherapy. The indication is approved under accelerated approval based on minimal residual disease-negative complete remission at the end of induction. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials, the company said.
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HUYA | Hot Stocks12:00 EDT Huya falls -8.8% - Huya is down -8.8%, or -41c to $4.30.
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SKIL | Hot Stocks12:00 EDT Skillsoft falls -9.0% - Skillsoft is down -9.0%, or -76c to $7.68.
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SMR | Hot Stocks12:00 EDT Nuscale Power falls -31.4% - Nuscale Power is down -31.4%, or -$3.17 to $6.92.
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JWN | Hot Stocks12:00 EDT Nordstrom rises 11.3% - Nordstrom is up 11.3%, or $1.94 to $19.00.
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SPIR | Hot Stocks12:00 EDT Spire Global rises 33.8% - Spire Global is up 33.8%, or $4.14 to $16.43.
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AEVA | Hot Stocks12:00 EDT Aeva Technologies rises 442.6% - Aeva Technologies is up 442.6%, or $4.47 to $5.48.
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MSTR... | Hot Stocks11:59 EDT MicroStrategy acquired 9,245 bitcoins from March 11 to March 18 - In a regulatory filing earlier, MicroStrategy noted that on March 18 the company completed a private offering of convertible senior notes. The offering, which included a 0.875% coupon and an approximately 40% conversion premium over the U.S. composite volume weighted average price of MicroStrategy's class A common stock from 9:30 am through 4:00 pm Eastern Daylight Time on March 14, was "well received in the marketplace and upsized" to a total of $603.75M in aggregate principal amount. This amount included the exercise by the initial purchasers of their option to purchase $78.75M of additional notes. Net proceeds from the offering to MicroStrategy totaled approximately $592.3M. On March 19, MicroStrategy announced that, during the period between March 11 and March 18, MicroStrategy acquired approximately 9,245 bitcoins for approximately $623.0M in cash, using $592.3M of proceeds from the offering and $30.7M of excess cash, at an average price of approximately $67,382 per bitcoin, inclusive of fees and expenses. As of March 18, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 214,246 bitcoins, which were acquired at an aggregate purchase price of approximately $7.53B and an average purchase price of approximately $35,160 per bitcoin, inclusive of fees and expenses, the company noted.
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TAK | Hot Stocks11:31 EDT Takeda leukemia treatment granted accelerated approval by FDA - The Food and Drug Administration said it granted accelerated approval to Takeda Pharmaceuticals' ponatinib with chemotherapy for adult patients with newly diagnosed Philadelphia chromosome-positive acute lymphoblastic leukemia. Reference Link
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MCD KMB | Hot Stocks11:18 EDT McDonald's non-executive chairman Enrique Hernandez Jr. retires - McDonald's Corporation (MCD) announced the retirement of Enrique "Rick" Hernandez, Jr. as non-executive Chairman of the company's Board of Directors, effective as of the date of the Company's 2024 Annual Shareholders' Meeting. Following Rick's retirement, Chris Kempczinski will assume the combined role of CEO and Chairman of the Board, and Miles White will assume the role of Lead Independent Director. vThe Company also announced the nomination of Mike Hsu, Chairman and CEO of Kimberly-Clark Corporation (KMB), as an independent director of the Board.
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CHKP NVDA | Hot Stocks11:03 EDT Check Point, Nvidia collaborate to enhance security of AI cloud infrastructure - Check Point Software Technologies (CHKP) is collaborating with NVIDIA (NVDA) to enhance the security of AI cloud infrastructure. Integrating with NVIDIA DPUs, the new Check Point AI Cloud Protect solution will help prevent threats at both the network and host levels. The rapid proliferation of AI has brought about a revolution in workplace efficiency and innovation. However, this growth also creates additional attack vectors specifically targeting AI, such as backdooring AI models to control a model's output or to gain unauthorized access to the environment, data exfiltration to expose intellectual property, and denial of service to degrade performance and reduce capacity. These threats compromise the integrity and security of AI systems and pose risks to business outcomes. Check Point aims to address these challenges with NVIDIA by integrating network and host-level security insights, offering a comprehensive solution that protects AI infrastructures from both conventional and novel cyber threats. This integrated approach helps ensure the security system is cognizant of network activities and host-level processes, which is crucial for safeguarding AI's future.
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SPTN | Hot Stocks11:02 EDT SpartanNash names Nicole Zube EVP, chief human resources officer - SpartanNash announced the promotion of Nicole Zube from Senior Vice President to Executive Vice President, Chief Human Resources Officer. "Nicole's work to support our family of 17,000 Associates has better positioned the Company to deliver on our promise of customer-focused innovation," said SpartanNash CEO Tony Sarsam.
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APM | Hot Stocks10:36 EDT Aptorum Group Ltd trading resumes
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APM | Hot Stocks10:31 EDT Aptorum Group Ltd trading halted, volatility trading pause
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OPY | Hot Stocks10:28 EDT Oppenheimer ordered to pay $1M by CFTC over records lapses - The Commodity Futures Trading Commission issued two orders simultaneously filing and settling charges against U.S. Bank, a swap dealer, and against Oppenheimer, an introducing broker, for failing to maintain and preserve records that were required to be kept under CFTC recordkeeping requirements and failing to supervise matters related to their businesses as CFTC registrants. The orders require U.S. Bank to pay a $6M civil monetary penalty and Oppenheimer to pay a $1M civil monetary penalty. Reference Link
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COSM | Hot Stocks10:14 EDT Cosmos Health in 'final stages' of securing regulatory approval for C-Scrub - Cosmos Health is in the final stages of securing regulatory approval to sell its biocide disinfectant hand soap, C-Scrub Wash 4% CHG, in the United Kingdom, and has obtained its inaugural purchase order. Cosmos Health expects to obtain all necessary registration approvals from the UK's Health Security Agency, an executive agency of the Department of Health and Social Care. Approval will allow the authorized distribution of C-Scrub across the entire UK market. Additionally, the Company expects to enter into agreements to supply the National Health Service, the publicly funded healthcare system of the UK, comprising the National Health Service in England, Scotland, and Wales, and the Health and Social Care in Northern Ireland.
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DTSS | Hot Stocks10:04 EDT Datasea enters manufacturing agreement with Broadway Precision Technology - Datasea announced that the Company's wholly-owned subsidiary, Shuhai Jingwei entered into a Manufacturing Cooperation Agreement with Broadway Precision Technology, a wholly-owned subsidiary with factories in China, Thailand, Mexico and the US of Shanghai Yongli Belt Industry. The Agreement marks an important step for Datasea in the production and deployment of its newly upgraded hi-tech intelligent acoustic deodorization and disinfection products. According to the Agreement, Broadway will provide injection molding and production services for the Company newly upgraded hi-tech intelligent deodorization and disinfection models. The manufacturing schedule of the company's products will be synchronized with our market and sales demands, facilitating ongoing negotiations with several key clients for product orders which we expect to sign in the near-term.
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HII | Hot Stocks10:01 EDT HII awarded $305M contract by DIA - HII announced that its Mission Technologies division was awarded a $305M contract by the Defense Intelligence Agency to provide intelligence analysis and operational support services for the Joint Intelligence Operations Center-Korea. HII will provide timely analysis of relevant and actionable intelligence that will enable United States Forces Korea to understand enemy capabilities, detect threats and determine enemy courses of action. HII will also assist USFK in organizing the Korean Theater of Operations intelligence activities to better leverage theater and global intelligence communities to safeguard U.S. personnel and interests within the KTO.
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DEC | Hot Stocks10:00 EDT Digital Equipment Corporation falls -8.0% - Digital Equipment Corporation is down -8.0%, or -94c to $10.85.
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HUYA | Hot Stocks10:00 EDT Huya falls -14.4% - Huya is down -14.4%, or -68c to $4.04.
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SMR | Hot Stocks10:00 EDT Nuscale Power falls -24.5% - Nuscale Power is down -24.5%, or -$2.47 to $7.63.
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JWN | Hot Stocks10:00 EDT Nordstrom rises 11.9% - Nordstrom is up 11.9%, or $2.03 to $19.09.
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SPIR | Hot Stocks10:00 EDT Spire Global rises 42.2% - Spire Global is up 42.2%, or $5.18 to $17.46.
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AEVA | Hot Stocks10:00 EDT Aeva Technologies rises 377.2% - Aeva Technologies is up 377.2%, or $3.81 to $4.82.
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SOUN... | Hot Stocks09:48 EDT Capybara says 'failing company' SoundHound worth '$1 per share or less' - In a recently published report titled "Lies, Damned Lies, and Cheeseburger 'AI'," Capybara Research says it is short SoundHound (SOUN), calling it "a failing company peddling lies and deception." Capybara believes SoundHound is "misleading investors about their AI capabilities" and is "hiding the fact that it has lost some of its biggest customers," including Mercedes-Benz (MBGYY), Deutsche Telekom (DTEGY), and Netflix (NFLX). "SoundHound went public via a SPAC merger and used fantasy projections to sell their failing business to retail investors. The company continues to use these metrics to hoodwink investors," the report reads. Capybara believes SoundHound is "worth $1.00 per share or less. Most of that value is from their accumulated net operating losses which can be used to offset future tax liabilities. The company's technology is a commodity and has little value in the crowded and hyper-competitive voice recognition market." Shares of SoundHound have slid about 8% to $7.60 in morning trading. Reference Link
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CAL | Hot Stocks09:47 EDT Caleres falls -10.8% - Caleres is down -10.8%, or -$4.21 to $34.56.
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HUYA | Hot Stocks09:47 EDT Huya falls -10.6% - Huya is down -10.6%, or -50c to $4.22.
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SMR | Hot Stocks09:47 EDT Nuscale Power falls -15.6% - Nuscale Power is down -15.6%, or -$1.58 to $8.52.
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UAN | Hot Stocks09:47 EDT CVR Partners rises 6.7% - CVR Partners is up 6.7%, or $4.28 to $68.00.
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SPIR | Hot Stocks09:47 EDT Spire Global rises 18.9% - Spire Global is up 18.9%, or $2.32 to $14.60.
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AEVA | Hot Stocks09:47 EDT Aeva Technologies rises 407.9% - Aeva Technologies is up 407.9%, or $4.12 to $5.13.
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MEDS | Hot Stocks09:45 EDT Trxade Health Inc trading resumes
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JWN | Hot Stocks09:41 EDT Nordstrom up 12% after report founders renewing effort to take company private
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MBTC | Hot Stocks09:40 EDT Nocturne Acquisition Corp trading resumes
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PIXY | Hot Stocks09:38 EDT ShiftPixy trading resumes
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JWN | Hot Stocks09:35 EDT Nordstrom trading resumes
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FBLG | Hot Stocks09:34 EDT FibroBiologics announces preliminary proof of concept for diabetes treatment - FibroBiologics announced the progress of a clinical program under development using a fibroblast-based pancreatic beta cell spheroid that secretes insulin in vitro upon glucose stimulation. The development and reproducibility of this work demonstrates that an organoid composed of fibroblasts, beta cells and other components can successfully and durably secrete insulin. "This early proof of concept is encouraging and may lead to a new and durable potential allogeneic treatment option for people with insulin-dependent diabetes," said Hamid Khoja, Ph.D., Chief Scientific Officer. "We look forward to confirming these early results and in vivo utility. We will then determine whether to designate the program as an early phase pre-clinical project for developing a minimally invasive therapeutic for type 1 diabetes."
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PIXY | Hot Stocks09:33 EDT ShiftPixy trading halted, volatility trading pause
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MDGS | Hot Stocks09:32 EDT Medigus: Charging Robotics announces installment of wireless charging system - Medigu announced that Charging Robotics has successfully completed the installation of its wireless charging system for an automated parking system. To the best of Charging Robotics' knowledge, this is the first installation of a wireless charging system for automatic car parks. This system was installed by Charging Robotics in an automatic car park facility in Tel Aviv, Israel together with the provider of this facility under a pilot project intended to verify the performance of the system. The system reaches a charging power of 10kW and includes managed charging capabilities to meet a limited supply of electricity and prioritize the charging process. The system includes a user interface installed on the driver's smart phone, which is used to operate the system, receive updates on the charging process, generate billing reports and other useful information.
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MMSI | Hot Stocks09:30 EDT Merit Medical launches Micro ACE Advanced Micro-Access System - Merit Medical Systems announced commercial release of its US Food and Drug Administration-cleared Micro ACE Advanced Micro-Access System. Merit also intends to file Micro ACE for CE mark designation. The Micro ACE system is the latest innovation in the Merit Vascular portfolio. The comprehensive portfolio includes a full range of percutaneous access and closure devices. Combining a balance of stiffness and resiliency, Micro ACE is designed to achieve micro-access in a wide range of vascular anatomies.
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JWN | Hot Stocks09:30 EDT Nordstrom trading halted, volatility trading pause
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MEDS | Hot Stocks09:30 EDT Trxade Health Inc trading halted, volatility trading pause
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MBTC | Hot Stocks09:30 EDT Nocturne Acquisition Corp trading halted, volatility trading pause
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IP KKR | Hot Stocks09:16 EDT International Paper names Andrew Silvernail as CEO, succeeding Mark Sutton - International Paper (IP) announced that its board of directors has elected Andrew Silvernail as CEO, following an extensive evaluation process. Effective May 1, Silvernail will succeed Mark Sutton, who previously announced the final phase of the CEO succession process. Sutton will continue in his role as Chairman of the International Paper Board of Directors to ensure a smooth and successful transition. Silvernail has two decades of experience leading global companies in the manufacturing and technology sectors. He joins IP from KKR & Co. (KKR) where he served as an executive advisor.
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CVM | Hot Stocks09:14 EDT CEL-SCI: LEAPS vaccine offers 'new paradigm to treat' RA published in Frontiers - CEL-SCI Corporation announced the peer-reviewed scientific journal Frontiers in Immunology published an article regarding CEL-SCI's Ligand Epitope Antigen Presentation System or LEAPS, technology in the treatment of rheumatoid arthritis,RA, titled: "Current status of immunological therapies for rheumatoid arthritis with a focus on antigen-specific therapeutic vaccines". CEL-SCI's LEAPS team, along with outside collaborators from U.S. and Europe, reviewed published/presented results from pre-clinical animal model of antigen-specific LEAPS therapeutic vaccines, such as CEL-4000 and CEL-5000, made specific for the treatment of RA, and compared these findings with published results of other RA-therapies that either suppress or alter the immune response in order to treat RA. ..The authors also emphasized that the most appropriate way to advance the LEAPS vaccines to the clinic would be an adaptive study design for clinical trials, enrollment of patients with early-stage RA, and using the Bayesian optimal design model, currently used in oncology studies, as well as the use of disease-related biomarkers to ascertain responsiveness to treatment and introduce additional tools to assess outcome at the disease level.
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PTPI | Hot Stocks09:11 EDT Petros Pharmaceuticals launches AI tool in collaboration with software provider - Petros Pharmaceuticals has launched its artificial intelligence tool developed as a result of its collaboration with a multi-billion-dollar software developer. The tool is being integrated into the Company's web app being used for patient self-screening, which it is testing in its recently launched Human Factors study.
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TENB | Hot Stocks09:09 EDT Tenable Holdings delivers zero trust cloud functionality for Kubernetes - Tenable announced expanded Tenable Cloud Security cloud-native application protection platform, CNAPP, capabilities for Kubernetes on-premises and public cloud environments. These latest advancements extend Tenable's CNAPP benefits, such as contextual risk visibility, preventive security controls, and zero trust / least privilege enforcement, to Kubernetes. "Tenable Cloud Security takes the guesswork out of the entire cloud security equation, enabling security teams to reduce cloud risk in minutes," said Shai Morag, senior vice president and general manager of Tenable Cloud Security. "We're in an overly saturated market of feature-based tools that address small, inconsequential areas of risk. Tenable provides comprehensive visibility, accelerated time to value and unmatched actionable intelligence that takes the security headaches out of Kubernetes and all cloud infrastructure."
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WKHS | Hot Stocks09:09 EDT Workhorse Group announces convertible note transaction - Workhorse Group entered into an agreement on March 15, 2024 with an institutional investor on the terms of financing transactions that will deliver up to $139 million to Workhorse and support the Company's continued execution of its product roadmap. The financing transactions contemplate the issuance and sale by Workhorse to the Investor of senior secured convertible notes in an aggregate principal amount of up to $139 million and warrants to purchase shares of common stock in multiple tranches over a period beginning on March 15, 2024. In connection with the agreement, the Company completed a registered direct offering pursuant to which it issued and sold to the Investor a $9 million note and related warrants . The sale of the March Securities provides Workhorse immediate liquidity which is being used to fund operations and redeem the remaining $2,500,000 in aggregate principal amount of its existing Green Senior Secured Convertible Note.
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MRK | Hot Stocks09:08 EDT Merck: V116 vaccine for pneumococcal diseases show adult immune response - Merck announced positive data from multiple Phase 3 studies evaluating V116, the company's investigational, adult-specific 21-valent pneumococcal conjugate vaccine, at the 13th Meeting of the International Society of Pneumonia and Pneumococcal Diseases or ISPPD, in Cape Town, South Africa. Across the clinical studies presented, V116 was shown to be immunogenic for all 21 serotypes covered by the vaccine in a variety of adult populations, including those who had not previously received a pneumococcal vaccine those who had previously received a pneumococcal vaccine and those with an increased risk of pneumococcal disease, including people living with human immunodeficiency virus or HIV. V116 also elicited higher immune responses than the studied comparators for the serotypes unique to V116 in all STRIDE studies presented at the meeting. "Invasive pneumococcal disease and pneumococcal pneumonia can cause serious illness, especially in older adults and those with immunocompromising conditions," said Dr. Walter Orenstein..."The extensive data presented this week reaffirm our confidence in the potential clinical value V116 could provide to a range of adult populations," said Dr. Eliav Barr, senior vice president, head of global clinical development and chief medical officer, Merck Research Laboratories. "We are encouraged by the results of these studies showing that V116 has generated immune responses to the serotypes responsible for the majority of adult invasive pneumococcal disease."
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SPT | Hot Stocks09:08 EDT Sprout Social launches new mentorship network for marketers - Sprout Social announced that its virtual community platform, The Arboretum, has launched a new mentorship program for social media and marketing professionals. "The Arboretum has become an inspiring place for so many professionals across every level of their careers to come together and connect with peers, learn new skills and exchange actionable advice," said Scott Morris, CMO of Sprout Social. "By launching an official mentorship program, The Arboretum will be able to build on the foundation of connection within the community and create even more mentorship opportunities for members centered around shared goals and visions. I'm incredibly excited to see the career-changing connections and ideas that stem from this program."
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ICAD | Hot Stocks09:07 EDT iCAD releases enhanced ProFound Detection workstation - iCAD announced new, advanced workstation features for ProFound Detection for both 2D and 3D mammography in its latest V3 Service Pack update. "We're excited to introduce advanced workstation features for our flagship solution, ProFound Detection, aimed at further improving and facilitating radiologists' interpretation of mammograms within their workstation," said Dana Brown, President and CEO of iCAD. "With these new capabilities, such as limiting lesion marks to the three highest-scoring lesions, which can be color-coded based on lesion score, and providing color-coded ProFound Scorecards based on case score categories, along with options for fine-tuning based on a facility's real-world data, we're enhancing radiologists' interpretability and efficiency in cancer detection."
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STLA | Hot Stocks09:06 EDT Stellantis launches MyTasks for commercial fleets - Stellantis is launching MyTasks, an industry first tool for fleet managers that enables real-time communication, task assignment and status updates with drivers in the field via the vehicle's built-in infotainment unit. The application is an innovative patented interface between manager and driver, leveraging over-the-air capability and updates. Through an over-the-air update, MyTasks will also be available on existing Stellantis vehicles in the field today equipped with compatible communication technology and infotainment units. "A breakthrough tool like MyTasks is the result of when we put our customers' needs above all else," Stellantis Chief Software Officer Yves Bonnefont said. "We know that our B2B customers value efficiency and safety for their drivers and their fleets and we are using the capabilities built into our vehicles to cut down on the potential distractions and deliver key information to make their job easier."
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GMFI | Hot Stocks09:06 EDT Aetherium Acquisition announces postponement of special meeting - Aetherium Acquisition announced that the adjournment of its extraordinary general meeting of stockholders will be postponed from its scheduled time of 8:30 a.m. Eastern Time on March 18, 2024 to 8:30 a.m. Eastern Time on March 28, 2024 to procure additional votes for the Trust Amendment Proposal. The Company has prepared Amendment No. 2 to the definitive proxy on Schedule 14A to amend the Trust Amendment Proposal to delete the permission to withdraw funds from the Company's trust account to pay for excise taxes. All other proposals have been approved as of this date. The record date for the Meeting remains February 9 2024. To exercise redemption rights, holders must tender their share certificates to Continental Stock Transfer & Trust Company, Aetherium Acquisition's transfer agent, no later than two business days prior to the Meeting, which deadline is now March 26, 2024.
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MTTR | Hot Stocks09:05 EDT Matterport announced ARTOGO is utilizing its 3D technology - Matterport announced that ARTOGO, the largest virtual exhibition platform in Asia, is utilizing Matterport as its 3D technology of choice to revolutionize the arts sector. "When we first began exploring the digital experience of online exhibitions in 2019, we looked at many different ways to digitalise exhibitions and create a platform where the public could browse at will," said Howard Yang, Cofounder and CEO at ARTOGO. "After assessing different solutions, it was clear that Matterport's 3D technology was the right choice. Through our use of the Matterport digital twins, we have elevated the digital visitor experience to such heights that it now attracts paying customers."
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CLOV | Hot Stocks09:04 EDT Clover Health launches new clinical program in partnership with Quartet Health - Clover Health announced a partnership with Quartet Health to increase the support and resources provided to Clover members with serious mental illness through the Company's home-based care delivery unit, Clover Home Care. As part of this partnership, Quartet will use its expert care teams to augment Clover Home Care's capabilities. Quartet's clinicians will also begin using the Clover Assistant platform to deliver care to the Clover patients under its care. "Patients with serious mental illness often have worse outcomes and a lower life expectancy, and they experience a fragmented healthcare system that does not adequately address their behavioral, physical, and social needs," said Dr. Michael Lipp, Quartet Health's Chief Medical Officer, and former CMO of the CMS Innovation Center. "Patients often struggle to get access to care, and the care they do receive is often uncoordinated. Layered on top of Clover Assistant's data-driven insights, this program will provide care that is coordinated, comprehensive and convenient, at no additional cost to patients."
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ACCD | Hot Stocks09:04 EDT Accolade promotes Kelsi McDonald Harris to Chief People Officer - Accolade promoted Kelsi McDonald Harris as Chief People Officer and SVP. McDonald Harris currently serves as VP of Strategy and Planning on the Executive Leadership Team. McDonald Harris joined Accolade in 2017 as a People & Culture business partner and has held numerous positions throughout the business during her tenure, including Chief of Staff to Product and Technology during three acquisitions and the company's IPO. Prior to Accolade, McDonald Harris held Human Resources roles at Target Corporation.
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PBI | Hot Stocks09:04 EDT Pitney Bowes CFO Ana Maria Chadwick departs, John Witek named interim CFO - Pitney Bowes announced that John Witek, who was most recently head of global business services, has been appointed interim CFO, effective March 19. Witek's appointment follows the departure of Ana Maria Chadwick, who is leaving to assume a new role with another organization. Chadwick has agreed to remain at the company as an advisor until April 21 to ensure a transition. The company has initiated a formal search process with recruitment firm Crist Kolder Associates for Chadwick's permanent replacement. The company will consider candidates with experience in areas that include business transformation, capital allocation and efficiency, cost containment, debt management and reduction, strategic restructurings, and transactions.
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AMD | Hot Stocks09:04 EDT AMD selected by Sony Semiconductor for adaptive computing technology - AMD announced that its cutting-edge adaptive computing technology was selected by Sony Semiconductor Solutions ts newest automotive LiDAR reference design. SSS and AMD joined forces to deliver a powerful and efficient LiDAR solution for use in autonomous vehicles. Using adaptive computing technology from AMD significantly extends the SSS LiDAR system capabilities, offering extraordinary accuracy, fast data processing, and high reliability for next-generation autonomous driving solutions.
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BAYRY EVGN | Hot Stocks09:03 EDT Bayer, Lavie Bio continue biofungicides validation - Lavie Bio, a subsidiary of Evogene (EVGN), announced that it is extending its joint validation trials for its biofungicides conducted by Bayer (BAYRY), after successful first-year laboratory and greenhouse testing. The tests have demonstrated the efficacy of Lavie Bio's biofungicides in addressing devastating diseases that affect fruits and vegetables worldwide. Building on these positive outcomes, the companies are progressing to a second year of validation trials in field experiments.
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LIQT | Hot Stocks09:02 EDT LiqTech awarded order from NESR in Middle East for produced water treatment - LiqTech has received a flagship order from National Energy Services Reunited, or NESR, a provider of integrated energy services in the Middle East and North Africa. The order is for a commercial pilot unit for the filtration of oil & gas produced water that will be used and tested for NESR customers in the Gulf Cooperation Council Countries. The containerized pilot system that NESR has acquired will be used at customers' site to demonstrate and document the efficiency of LiqTech's silicon carbide ceramic ultrafiltration technology in treating produced water to facilitate re-injection and beneficial reuse and meet current and future regulatory requirements. LiqTech already has one commercial test unit for produced water in operation that was deployed in May 2022 by a major oil & gas operator in the Middle East.
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SCLX ORMP | Hot Stocks09:02 EDT Scilex announces repayment of balance of convertible debentures - Scilex Holding Company has paid off the remaining balance of approx. $1,300,000 under the convertible debentures previously issued and sold to YA II PN, in March 2023. Scilex has also voluntarily made an early payment in the aggregate amount of $15,000,000 under the senior secured promissory note issued to Oramed Pharmaceuticals in September 2023.
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MIGI | Hot Stocks08:54 EDT Mawson Infrastructure reports February total revenue about $5.42M - Mawson Infrastructure Group announced its unaudited business and operational update for February 2024. Rahul Mewawalla, CEO and President, commented, "We are pleased to deliver another robust month with our total revenue in February growing 141% year-over-year from February last year, driven by continued operational focus across our self-mining and co-location services businesses, where we also recently completed the deployment of our third co-location services customer. We are also pleased with the 23% M/M growth in our self-mining business, despite the significant recent increase in network difficulty. Our core operational, technological, and strategic plans continue to advance with our growing role in the industry and our ecosystem." Unaudited February Monthly Operating Results Summary: Total monthly revenue increased 141% Y/Y to about $5.42 million and the equivalent of 109 BTC. Self-mining business revenue increased 159% Y/Y and 23% M/M to $2.56 million. Co-location business revenue was $2.70 million, representing approximately 62 MW and over 19,400 miners. Energy management revenue was $0.15 million. Total Power Capacity was approximately 109 MW with capacity for approximately 35,650 miners.
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AMIX | Hot Stocks08:46 EDT Autonomix appoints Jennifer Cook as CBO - Autonomix Medical announced the appointment of Jennifer Cook as its Chief Business Officer. Cook joins Autonomix having most recently served as the Vice President of Marketing at MedShift, a technology company helping to drive growth and scale to medical device manufacturers and healthcare providers.
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BFLY | Hot Stocks08:45 EDT Butterfly Network looks to be cash flow breakeven by the end of 2027 - Butterfly Network hosted its first investor day under President, Chief Executive Officer and Chairman, Joseph DeVivo. The event featured presentations from members of Butterfly's executive and senior leadership team, providing insights into the Company's product, software and services portfolio within its core point-of-care ultrasound market, as well as its strategic initiatives to expand into new markets. During the event, management introduced its plan to build and deploy a HomeCare Services business and revealed the initial business models for bladder and lung HomeCare with phased rollouts that allow increasing levels of patient autonomy - from In-Home Service partnerships to patient self-scanning to wearable technology monitoring, upon appropriate regulatory clearance of the latter two steps. The program included live human demonstrations with working prototypes of Butterfly's next-generation wearable devices...Butterfly announced the financial goals of achieving cash flow breakeven by the end of 2027 and to exceed $500M in revenue by 2030. Butterfly's previously issued guidance for fiscal year 2024 of low double-digit revenue growth and Adjusted EBITDA loss of $60M to $50M.
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FRSX | Hot Stocks08:44 EDT Foresight's Eye-Net secures follow-up order from vehicle manufacturer - Foresight Autonomous' Eye-Net Mobile has received an additional order for a paid development project from a leading global Japanese vehicle manufacturer, following the successful completion of the first two phases of a paid proof-of-concept project. As reported by the Company on February 28, 2023, the parties engaged in a paid POC project to evaluate the added value and capabilities of Eye-Zone as a software vehicle-to-everything (V2X) communication layer. The successful completion of that phase is a significant milestone, demonstrating the feasibility and potential benefits of Eye-Net's technology for the automotive industry. The parties have decided to proceed to the next phase of the project. In this phase, the vehicle manufacturer will assess the potential of Eye-Zone to act as key infrastructure for point-to-point transmission of safety messages between the vehicle and designated users in the same vicinity. This unprecedented capability will potentially facilitate seamless communication between vehicles and all road users and help, in particular, vulnerable road users. Upon successful evaluation, the parties will explore potential commercial opportunities.
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SGBX | Hot Stocks08:44 EDT Safe & Green, Soldier On sign LoI to build housing community for Veterans - Safe & Green Holdings and Soldier On announced entry into a non-binding Letter of Intent, LoI, to design, build and operate an 800-unit supportive housing community for veterans, first responders and others who are disabled from their service and interested in manufacturing work, as well as their families. The facility will be uniquely designed to accommodate persons with disabilities. In addition, the planned project includes the development of an 80,000-square-foot, ADA-compliant manufacturing facility to be built in McClean, Oklahoma, that would be used for the construction of the 800 units and would employ wounded vets to produce the housing. Following the LOI, the parties intend to now form a formal joint venture and initiate the planning process.
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MBTC | Hot Stocks08:43 EDT Nocturne Acquisition announces postponement of EGM - Nocturne Acquisition Corp. Board of Directors has voted in favor of postponing the meeting date for the Extraordinary General Meeting that was to be held on March 19, 2024 for shareholders to vote on the proposed business combination with Cognos Therapeutics. The Extraordinary General Meeting will now be held virtually on April 2, 2024 at 9:00 a.m. Eastern Time, and the Company plans to continue to solicit proxies from shareholders during the period prior to the Extraordinary General Meeting. The record date for the Extraordinary General Meeting remains the close of business on December 29, 2023. No changes have been made in the proposals to be voted on by the shareholders at the postponed meeting. Shareholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action. Stockholders as of the record date may vote, even if they have subsequently sold their shares. The deadline by which shareholders must exercise their redemption rights in connection with the Extraordinary General Meeting has been extended to two business days prior to the postponed meeting.
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NNDM | Hot Stocks08:42 EDT Nano Dimension announces another deep learning AI patent granted - Nano Dimension announced that a patent was granted for technology developed by its industrial artificial intelligence group, DeepCube, that enables better training and optimization of decentralized deep learning-based AI models. The U.S. patent, formally titled System and method for mimicking a neural network without access to the original training dataset or the target model, addresses one of the core challenges of deploying AI models in the real-world, specifically continuously training models on new data when that data belongs to a customer. In the industry at-large, dealing with new customer data has often been a limitation due to sensitivity and confidentiality concerns that limit data shareability. The new patent addresses this challenge by ultimately training and improving the AI models on customers' premises, without Nano Dimension having direct access to the new data or model.
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TPET | Hot Stocks08:42 EDT Trio Petroleum provides update on Monterey County operations - Trio Petroleum provided an update on its operations in Monterey County, California, including at the McCool Ranch Field and at the Presidents Field. TPET is pleased to announce that the HH-1 well at McCool Ranch has been producing about 47 barrels of oil per day since it was put back on cold production on February 22, 2024. The 58X well at McCool Ranch was also put back on production but was temporarily idled in order to perform a heat treatment that should be accomplished shortly. The 35X well at McCool Ranch has been hooked-up to power and it should also be put back on production shortly. Given the success of the McCool Ranch wells, the Company plans to also restart the last two wells in the restart program, the HH-3 and HH-4 wells, in subsequent weeks. TPET is also pleased to announce that equipment and facilities have been moved to the HV-3A discovery well site at Presidents Field in the South Salinas Project and that well should be put back on production this week or next. As a result, TPET should soon have four actively producing oil wells, three at McCool Ranch Field and one at Presidents Field.
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ELVN | Hot Stocks08:40 EDT Enliven announces pipeline updates - Recent Research and Development Updates and Upcoming Milestones: ELVN-001, a highly selective, small molecule kinase inhibitor designed to specifically target the BCR-ABL gene fusion: The Company is currently enrolling patients in its Phase 1 clinical trial evaluating ELVN-001 in adults who failed or are intolerant to available therapies known to be active for the treatment of their CML, and will host a key opinion leader event with CML Investigators Professor Michael Mauro of Memorial Sloan-Kettering Cancer Center and Professor Fabian Lang of Goethe University Hospital, on April 11, 2024, to discuss initial proof of concept data from the trial. More details of the event will be announced soon. In the ongoing Phase 1a dose escalation, 10-120mg once daily, ELVN-001 has been well tolerated with anti-CML activity at and above 20mg QD, including both achievement and maintenance of major molecular responses by three months in late line patients, and in patients with prior asciminib experience. A maximum tolerated dose has not been reached, and there have been no dose reductions. Of note, there have been no greater than or equal to Grade 3 non-hematologic treatment-related adverse events and of the Grade 1/2 non-hematologic TRAE, none greater than 11%. At above 20mg QD, ELVN-001 achieved superior target coverage compared to 2nd Generation TKIs. More detailed ELVN-001 data will be presented at the April 11th KOL event. ELVN-002, a potent, highly selective, central nervous system penetrant and irreversible HER2 inhibitor with activity against wild type HER2 and various HER2 mutations: Following the U.S. Food and Drug Administration's approval of its Investigational New Drug application, the Company recently activated its first site to evaluate ELVN-002 in combination with trastuzumab +/- chemotherapeutic agents in adults with HER2+ metastatic breast cancer and colorectal cancer. Dosing of the first patient in the combination study is expected in Q2 2024. The combination trial in patients with HER2+ cancers is supported by the initial data from the ongoing monotherapy trial, which includes: Investigator reported responses in both HER2+ and HER2 mutant tumors, including in patients who have progressed on Enhertu and patients with brain metastases, at doses that have been well tolerated. At the clinically predicted optimal monotherapy dose, based on current Phase 1a data: The most common reported treatment-related adverse events were headache, nausea, vomiting and diarrhea. Of note, no Grade 3 diarrhea and only Grade 1/2 AST/ALT and rash. Compared to tucatinib, ELVN-002 had greater than10x target coverage based on pharmacokinetics in cancer patients and preclinical HER2+ efficacy. Phase 1 data and initial proof of concept combination data in HER2+ cancers are expected in 2025.
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ITI | Hot Stocks08:40 EDT Iteris awarded $3M contract by Texas DOT for 'Smart Mobility' - Iteris announced that it has been awarded a five-year indefinite delivery/indefinite quantity IDIQ contract by the Texas Department of Transportation, TxDOT, San Antonio District. The contract has a value of up to $3M representing continued demand for Iteris' specialized consulting services in the large and forward-thinking Texas market...This agreement is the sixth major contract awarded to Iteris by TxDOT in the past six years, underscoring Iteris' value in one of the largest and most progressive national transportation markets. "We are proud to be selected again by TxDOT to support important infrastructure projects in the San Antonio District," said Cliff Heise, regional vice president, mobility professional services at Iteris.
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KULR | Hot Stocks08:40 EDT KULR Technology launches initial battery testing order for safeCASE product - KULR Technology Group confirmed its collaboration with a leading U.S. automaker. This partnership focuses on mitigating thermal runaway risks in EV battery modules through KULR's advanced SafeCASE technology. This project underscores KULR's commitment to safety and innovation in the rapidly growing electric vehicle market. KULR's CEO, Michael Mo, shared insights on the initiative: "At KULR, we leverage a testing regime as rigorous as that of the KULR ONE project-vital for manned space exploration. By integrating these protocols with our SafeCASE(TM) and SafeSLEEVE products, we ensure that lithium-ion batteries are handled with the highest safety standards for storage and transportation, ready for delivery to any location."
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RCM | Hot Stocks08:40 EDT R1 RCM Committee says talks with New Mountain, TCP-ASC must stop for now - In a regulatory filing, R1 RCM stated: "As previously disclosed on March 11, 2024, the Board of Directors of R1 RCM Inc. formed a special committee comprised solely of independent directors to evaluate all strategic alternatives in response to the Schedule 13D/A filed by New Mountain Capital on February 26, 2024. TCP-ASC ACHI Series LLLP subsequently filed a Schedule 13D/A on March 11, 2024. Advisors to the Special Committee include Qatalyst Partners and Barclays as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel. As the Special Committee works through its thorough process to determine a course of action to maximize value for all shareholders, they have directed that any discussions between New Mountain Capital and TCP-ASC concerning a potential transaction with respect to the company (whether or not structured as a joint transaction) must cease at this time. As such, the Special Committee has not approved at this time any of the standstill waivers requested by New Mountain Capital or the waivers requested by New Mountain Capital or by TCP-ASC under antitakeover statutes. No assurances can be given regarding the outcome or timing of the Special Committee's review process. The company does not intend to make any further public comment regarding the review unless and until it has approved a course of action for which further disclosure is appropriate." Reference Link
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ATOS | Hot Stocks08:39 EDT Atossa Therapeutics provides five-year Z-Endoxifen treatment update - Atossa Therapeutics announced that the pre-menopausal, Estrogen Receptor positive / Human Epidermal Growth Factor Receptor 2 negative, breast cancer patient who received neoadjuvant and adjuvant-endoxifen therapy under an FDA-approved "expanded access" program has completed five years of treatment. As of the date of this press release, the patient remains cancer-free and has reported no significant safety or tolerability issues over the course of her treatment. Atossa is a clinical stage biopharmaceutical company developing innovative medicines in areas of significant unmet medical need in oncology with a focus on breast cancer. "We believe this patient, and her successful treatment journey, is representative of the opportunity (Z)-endoxifen has to change the treatment paradigm for the approximately 250,000 women diagnosed with estrogen receptor positive breast cancer each year in the U.S.," said Steven Quay, M.D., Ph.D., Atossa's President and Chief Executive Officer. "The current standard of care is sub-optimal as it often requires ovarian suppression in premenopausal women and aromatase inhibitors in postmenopausal women, both of which are associated with potential short-term and long-term side effects that diminish adherence. Over five years of adjuvant treatment, her daily (Z)-endoxifen treatment has been well tolerated, and there were no vasomotor symptoms commonly associated with standard of care adjuvant pharmaceuticals. She remains cancer-free today and we are grateful to have been able to help her with a difficult treatment problem."
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INUV | Hot Stocks08:38 EDT Inuvo launches enhanced IntentKey Insights Dashboard - Inuvo has announced significant enhancements to its custom-designed, AI-powered Insights Dashboard, detailing target audience interests and campaign performance. Inuvo's AI was designed to solve the two biggest problems facing advertisers in a cookieless world: audience targeting and performance measurement. With this update, clients now have the information they need to make better decisions. The enhanced dashboard includes three key sections: Funnel Overview: This added view illustrates how IntentKey clients build brand awareness to drive users down the conversion funnel over time. It highlights key metrics around brand affinity, site engagement, and conversion, showcasing the customer's path to purchase. These updates allow clients to better understand the differences between audiences at different stages across the marketing conversion funnel. Model Insights: The interface already provides detailed analytics on audience insights, segments, concept drivers, AI-generated personas, television programming, and conversion likelihood by state. With the latest update, clients can now also see specifically which podcasts align with their audiences. Performance Spend Analysis: The view instantly provides Inuvo clients the power to predictively measure the impact of campaigns across marketing tactics based on their KPIs. Uniquely, this feature now empowers clients to deploy and measure cookieless versus cookie-based tactics, a capability not available with vendors whose technology requires cookies to function. With advanced Media Mix Modeling, clients can easily and accurately compare the efficiency of different programmatic tactics across devices including IOS, where cookies are no longer present.
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CAUD | Hot Stocks08:36 EDT Collective Audience, Reset Digital launch strategic joint venture - Collective Audience has launched a strategic technology partnership with Reset Digital, an industry-leading digital marketing platform used by the world's top advertisers and publishers. Collective Audience CEO, Peter Bordes, commented: "This groundbreaking partnership introduces Reset Digital's uniquely valuable data, high demand and large budgets into the ecosystem of our end-to-end platform, AudienceDesk powered by AudienceCloud. We designed this platform to empower brands, agencies and publishers with audience-based performance advertising and media solutions in a way that unlocks tremendous value for our combined partners who we are bringing together in a new form of integrated collaboration."
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CYBR | Hot Stocks08:36 EDT CyberArk announces two of its SaaS offerings achieve FedRAMP high ATO status - CyberArk announced that two of its leading software-as-a-service SaaS offerings, CyberArk Endpoint Privilege Manager and CyberArk Workforce Identity, have achieved Federal Risk and Authorization Management Program, FedRAMP, High authorization to operate ATO status. This authorization reinforces CyberArk's ability to help federal agencies and other public sector organizations efficiently and effectively secure access to all corporate applications, protect distributed workforces and accelerate cloud innovation in alignment with Zero Trust principles outlined in EO 14028. "Agencies must now come to terms with several cloud-based risks that lurk beneath the surface in this new technology landscape. Beyond the schemes of cybercriminals, non-malicious human error on its own has the potential to hinder mission-critical functions in the form of misconfigured networks and mismanaged controls. It's now more important than ever to adopt the Zero Trust 'never trust, always verify' mentality," said Theresa Payton, former White House CIO and member of the Cyber Defenders Council. "As new tools, technologies and threats arise, continued attention will need to be paid by government and government-adjacent regulatory programs. By adopting Zero Trust-focused compliance requirements, FedRAMP can place a greater onus on private sector organizations to launch the Federal Government efficiently and expediently into a more secure and more efficient future."
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SP | Hot Stocks08:36 EDT SP Plus announces Bags Remote Check-in, Bag Drop services at Harry Reid - SP+ Corporation announces complimentary Bags Remote Airline Check-in and Bag Drop services at Harry Reid International Airport in Las Vegas, Nevada. Customers using the Bags Check-in and Bag Drop experience may now check-in for their flight on multiple airlines, obtain airline boarding passes and check and drop their luggage at the Rental Car Center and Terminal 3 Curbside. The Rental Car Center allows customers to then proceed onto the shuttle bus without luggage. At Terminal 3 Curbside, customers can check in for flights and check their baggage curbside for multiple airlines serving Terminal 3. Using this service at either location, customers can bypass the airline ticket counter lines and proceed directly to the TSA checkpoint, saving valuable time while enhancing the customer journey. Complimentary Bags Remote Airline Check-in and Bag Drop services are now available for American, Delta, Frontier, JetBlue, Southwest, and United Airlines.
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AYX | Hot Stocks08:36 EDT Clearlake Capital Group, Insight Partners complete acquisition of Alteryx - Clearlake Capital Group and Insight Partners announced that their affiliated funds have completed the acquisition of Alteryx. The transaction was previously announced on December 18, 2023 and approved by Alteryx stockholders on March 13, 2024. As a result of the completion of the transaction, Alteryx stockholders will receive $48.25 in cash for each share of Alteryx Class A or Class B common stock that they own. Alteryx is now a privately held company and its common stock has ceased trading on the New York Stock Exchange.
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CISO | Hot Stocks08:35 EDT CISO Global tests effectiveness of CHECKLIGHT EDR solution - CISO Global tested the effectiveness of its CHECKLIGHT Endpoint Detection and Response solution under strenuous and highly targeted environments over the past year. Through actuarial data collection, CISO Global found that it significantly reduced the number and severity of cyber losses to the very low single digits for users of the technology. Based on AI technology developed for the federal government, the solution provides North American businesses with an immediate, affordable, and unparalleled level of financial protection of up to $250,000 that ensures the client environment remains protected amid cyber threats and attacks. CHECKLIGH continuously scans for fraudulent phishing attacks, hacking, imposter scams, malware, ransomware, and viruses. The platform studies new viruses it encounters, developing unique defenses to protect the network and its users using next-generation signature, behavior and machine learning algorithms.
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SCPX | Hot Stocks08:34 EDT Scorpius Holdings awarded contract in excess of $1M with NIH-funded researcher - Scorpius Holdings announced that it has been awarded a contract in excess of $1M with an NIH-funded researcher at a major university. The program involves process optimization and development of a therapeutic antibody, which Scorpius will manufacture for preclinical studies. Jeff Wolf, CEO of Scorpius, stated, "Scorpius is excited to begin work with another nationally renowned university. Our selection by this leading researcher highlights our unique process development, bioanalysis, and manufacturing capabilities, which we have the ability to leverage into much larger projects as the programs progress through clinical stages and eventually into commercialization. There is a tremendous amount of innovative research being conducted at academic institutions, and Scorpius is well-suited to provide these clients with the attention and responsiveness they otherwise would not receive from a CDMO. Overall, we could not be more excited about the outlook for the business and the traction we are gaining."
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ICCM | Hot Stocks08:33 EDT IceCure Medical' reports positive topline results for breast tumor cryoablation - IceCure Medical announced positive topline results from the company's ICE3 study, the largest controlled multicenter clinical trial ever performed for liquid nitrogen based cryoablation of low-risk, early-stage malignant breast tumors, following the 5-year follow-up evaluation of the ICE3 study's last patient. In the ICE3 study, 96.39% of 194 patients were local recurrence-free with no significant device-related adverse events or complications reported. Based on the strength of the topline results, ProSense has the potential to be a safe and effective alternative to lumpectomy for early-stage breast cancer. The company plans to complete the analysis and evaluation of the full data set and expects to submit the results to the FDA in April, as previously requested by the FDA with respect to IceCure's De Novo Classification Request for Marketing Authorization of ProSense for the treatment of early-stage low-risk breast cancer.
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ITCI | Hot Stocks08:33 EDT Intra-Cellular promotes Halstead to President, CFO Hineline to retire - Intra-Cellular Therapies announced the promotion of Michael Halstead, J.D. to the position of President. Halstead is currently serving as Executive Vice President and General Counsel. In this newly created leadership role, Halstead will oversee several functions within the Company including legal, human resources, manufacturing & supply chain, quality, compliance, information technology, and external innovation. He will continue to report to Dr. Sharon Mates, Chairman and Chief Executive Officer. Intra-Cellular Therapies also announced that Senior Vice President and Chief Financial Officer, CFO, Larry Hineline, will be retiring after more than 20 years of service.
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ACN | Hot Stocks08:32 EDT Accenture acquires European consultancy Flo Group, terms undisclosed - Accenture has acquired Flo Group, a European consultancy and Oracle business partner specializing in global supply chain logistics. This acquisition further enhances Accenture's Oracle capabilities in Europe to help clients build more resilient and agile supply chains that provide end-to-end visibility. Financial terms of the transaction were not disclosed..."Accenture is committed to helping organizations reinvent themselves and build their digital core as a source of competitive advantage," said Andrea Cesarini, lead of the Accenture Oracle Business Group in Europe, Middle East and Africa. "Together with the Flo team-a highly valued Oracle partner with deep skills in designing, building and running complex logistics platforms-we can unlock even more value for our clients in Europe."...The acquisition of Flo follows the recent addition of Inspirage, an integrated Oracle Cloud specialist firm with an emphasis in supply chain management.
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HOTH | Hot Stocks08:27 EDT Hoth Therapeutics announces positive preclinical research in Alzheimer's - Hoth Therapeutics unveiled "positive" pre-clinical research involving HT-ALZ, an Alzheimer's disease therapeutic. HT-ALZ combats neuroinflammation and cognitive deficits associated with Alzheimer's Disease. By antagonizing the NK1 receptor, HT-ALZ reduces soluble Abeta levels in the brain's interstitial fluid and diminishes anxiety-like behavior and enhances cognitive function in preclinical models. The research presents evidence of HT-ALZ's capacity to improve memory tasks related to the hippocampus and sensorimotor gating. While the effects on plaque deposition and Abeta levels were inconclusive, the treatment's cognitive benefits suggest that HT-ALZ's mode of action may involve a reduction in brain inflammation, thereby improving cognitive outcomes for Alzheimer's patients. Hoth Therapeutics remains committed to further research and development of HT-ALZ, including analyses of its effects on microglial activation and brain inflammation.
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WLDPF | Hot Stocks08:24 EDT Wildpack Beverage completes operational leadership restructuring - Wildpack Beverage has completed an operational leadership restructuring, appointed PGP Capital Advisors as financial advisor to the Company, and that Rael Nurick has resigned from the Board of Directors. Wildpack has completed restructuring its operational leadership team to provide higher levels of manufacturing expertise and focus on business alignment. The changes include: Thomas Walker, Chief Growth Officer, has been promoted to running all day-to-day operations. He is focused on tactical business execution with an emphasis on aligning core business units with shared service divisions to achieve critical operational milestones. This enables the CEO to focus on overall company objectives, strategy, business prospects and building stakeholder value. Tom Ewing has been hired to lead our manufacturing division, having just completed his 100-day initial plan. He is a 30-year co-packing veteran who has worked for the largest beverage co-packers in the world with recent direct experience in both Wildpack's size of operations, with successful experience scaling multiple co-pack facilities. He has been tasked with, and has already successfully completed rebuilding operational personnel teams and processes that can support the higher levels of utilization the Company is driving towards to achieve its operational targets. Dan Wales has been promoted to Vice President of Shared Services, having successfully structured a team as Wildpack's Vice President of People and Culture. He is managing all divisions of Wildpack which support our core manufacturing and sales functions, allowing for a right-sized optimized management and personnel structure. Elijah Clare has been promoted to Vice President of Brokering as this division has continued to grow independently, as well as support our co-pack and decorating business segments. It has historically been managed under Shared Services, but with the continued upside of the division, Wildpack has moved it to be managed as a stand-alone core business unit. Wildpack has engaged PGP to assist Management and the Board in assessing opportunities to maximize stakeholder value. The mandate is broad in nature and includes capital restructuring, financing, acquisitions, and dispositions. PGP has a strong track record of assisting mid-market growth businesses to unlock stakeholder value. The lead partner at PGP has worked with Wildpack since its inception with broad beverage experience at leading investment banks prior to joining PGP. The Company and Mr. Nurick have mutually agreed that to avoid any potential conflicts it is in the best interest of Wildpack for him to resign from the Board of Directors. Sandton Capital Partners remains supportive of Wildpack as its main financing partner as it continues to grow and evolve.
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VTAK | Hot Stocks08:22 EDT Catheter Precision to sponsor Monaco USA Arrhythmia Course - Catheter Precision is honored to be sponsor a session at the upcoming Monaco USA Arrhythmia Course taking place March 21-23 in Monaco. The course is organized by co-directors, Professor Nadir Saoudi, Professor of Cardiology and Chief of the Cardiology Section at the Princess Grace Medical Centre in Monaco, and Dr. Francis Marchlinski, Professor of Medicine and Director of Electrophysiology at the University of Pennsylvania, Philadelphia, Pennsylvania. They have assembled luminaires in the field of electrophysiology for a three-day educational program focused on new techniques and technologies as well as interesting cases in the treatment of cardiac arrhythmias.
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SEEL | Hot Stocks08:22 EDT Seelos Therapeutics provides update on top-line data of Phase 2/3 trial - Seelos Therapeutics provided an update on top-line data of the Phase 2/3 HEALEY ALS Platform trial. The company plans to request a meeting with the FDA to discuss potential next steps for the programThe study was designed to evaluate SLS-005, a low molecular weight disaccharide that stabilizes misfolded proteins and activates autophagy, in decreasing the slope of the ALS Functional Rating Scale and separation from placebo in Function and Mortality in an all-comers population of Persons with ALS. While the study did not meet statistical significance in the primary and secondary endpoint in the Full Analysis Set, by showing a 13% improvement in Function and Mortality with an 88% success probability, vs. the pre-specified 98%, it showed a potential signal of efficacy in a pre-specified subgroup. In the pre-specified subgroup of PALS treated with SLS-005, without Relyvrio, the top-line data favored SLS-005 versus placebo in efficacy measures in the Efficacy Relyvrio Free data set, including: a 22% improvement in slope of change in ALSFRS-R assessment adjusted for mortality, with an 89% success probability, at 24 weeks the rate of decline in ALSFRS-R slope also favored the SLS-005 treatment group versus placebo over 6 months; a 25% slowing of Slow Vital Capacity decline versus placebo at 24 weeks. Seelos plans to run additional analyses, including biomarkers of neurodegeneration, neurofilament light chain, exploratory efficacy results, subgroups and post-hoc analyses. SLS-005 was generally well-tolerated and comparable to placebo in safety. There was an imbalance of deaths/death equivalents observed in the study, with more events seen in the SLS-005 group compared to placebo, all were considered unrelated to the study drug.
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FRZA | Hot Stocks08:21 EDT Forza X1 provides construction update on North Carolina facility - Forza X1 announced most of the concrete for the 60,000 square foot floor has been poured and crews are scheduled to start setting steel this week at the site of the Company's state-of-the-art manufacturing facility located on its 11-acre property in Marion, North Carolina. Forza's Executive Chairman, Interim CEO, and Chief of Product Development Joseph Visconti expressed enthusiasm about the next phase of the factory's construction, stating, "We are one step closer to realizing our vision for a cutting-edge manufacturing facility. Once it's completed, we expect our facility will be capable of producing up to 550 boats annually utilizing the latest in closed-molded composite boat building technologies. We're looking forward to seeing the construction's progress throughout the spring and into summer."
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NBIO | Hot Stocks08:20 EDT Nascent Biotech collaborates with HypoSpray on transdermal delivery system - Nascent Biotech and HypoSpray Pharma announced a collaboration to develop an alternative delivery mechanism for patients who can benefit from Pritumumab, Nascent's lead monoclonal antibody cancer treatment asset, which is now in Phase II clinical research for the treatment of Brain Cancer. Once successfully commercialized, the Company hopes to eliminate bi-weekly weekly infusions, allowing patients to administer Pritumumab and avoid inconvenient, tedious, and uncomfortable multi hour cancer center treatment visits. HypoSpray Pharma of Palm Beach Gardens FL has developed innovative technology for delivering active ingredients across the skin and mucosa. The company has a Drug Master File of record with the FDA for its delivery system, which enables measured application of a biological peptide to mucosal membranes or intact skin, promoting rapid absorption and bioavailability.
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SPGC | Hot Stocks08:19 EDT Sacks Parente Golf introduces putter demo program for golfers - Sacks Parente Golf announces the launch of its demo program offering golfers the opportunity to test premium putters from the Company prior to purchase. "We are passionate about offering golfers the opportunity to experience the exceptional performance of Sacks Parente putters through our demo program," said Greg Campbell, Executive Chair of SPCG. "By bringing the trial experience directly to golfers' doorsteps, we're empowering them to make confident decisions about their equipment without the pressure of a traditional retail environment. We're confident that golfers will feel and better understand why Sacks Parente putters will help them make more putts when they test and compare our putters on their home course."
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CLPT | Hot Stocks08:18 EDT ClearPoint congratulates partner PTC Therapeutics on completion of its BLA - ClearPoint Neuron congratulates its partner PTC Therapeutics on completion of its BLA submission to the U.S. Food and Drug Administration, FDA, for the approval of Upstaza, an investigational treatment for AADC Deficiency. If approved, Upstaza would become the first therapy to treat AADC Deficiency in the United States. "AADC Deficiency is a devastating rare pediatric movement disorder that causes significant developmental delays and autonomic symptoms starting from birth. Patients with AADC deficiency are at a high risk of death in the first decade of life," stated Jeremy Stigall, Chief Business Officer at ClearPoint Neuro. "The Upstaza(TM) BLA is the first filing for FDA approval of a treatment that addresses this devastating condition. Through our partnership with PTC, we are demonstrating our commitment to drive progress for the AADC Deficiency community."
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KNTNF | Hot Stocks08:18 EDT K92 Mining temporarily suspends underground operations at Kainantu - K92 Mining announces that underground operations at the Kainantu Gold Mine have been temporarily suspended after a non-industrial incident occurred on the Company's mining lease on March 10, 2024, resulting in a deceased employee. Processing operations were temporarily suspended for three days and have resumed processing stockpiles. Preliminary findings from K92 and the Royal Papua New Guinea Constabulary have concluded that the death is a non-industrial suspicious incident. K92 is working with the relevant Government authorities under the Criminal Code Act and Mining Act to support their investigations. On March 13, 2023, the Mineral Resources Authority ordered a temporarily suspension of underground operations through issuance of a "Form 29", pending the completion of action orders in relation to an independent safety audit and the installation of a collision avoidance system. Work on these action orders is underway and were in process by the Company prior to the issuance of the action orders. Given the non-industrial nature of the incident, procedural, determination and jurisdictional breaches of the Mining Act in issuing the Form 29, K92 filed an appeal on March 14, 2023 and expects this to be addressed shortly. The Company is working to resolve this expeditiously and will be providing an update in due course.
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SBIG LSPD | Hot Stocks08:17 EDT SpringBig launches new integration with Lightspeed - Springbig Holdings (SBIG) announced its integration with leading commerce platform Lightspeed Commerce (LSPD), deepening its reach across the cannabis and retail industries, respectively. The Integration with Lightspeed marks a significant milestone in Springbig's journey, expanding its services beyond the cannabis industry and enabling retailers to enhance customer engagement and loyalty across various sectors. "Our integration with Lightspeed is yet another testament to Springbig's ongoing commitment to work seamlessly with other SaaS solutions that are empowering retailers and brands to move the needle," said Jeffrey Harris, CEO of Springbig. "Operating within the cannabis industry, and now expanding beyond it, shows our team's strength in navigating tough regulations while building smart, compliant, and competitive marketing campaigns that reach today's consumers."
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NVEI | Hot Stocks08:17 EDT Nuvei selected by Charles & Keith for eCommerce payments solution - Nuvei has partnered with Charles & Keith, the Singaporean-based fashion house specializing in footwear, handbags and accessories, to optimize the brand's eCommerce payments solution as it continues its rapid global expansion. Through a single integration with Nuvei's full stack payments technology platform, Charles & Keith is now able to accept a range of alternative payment methods, tailoring its online checkout experience to local customer preferences across the brand's markets in Southeast Asia, Europe and the U.S. This includes enabling popular digital wallets such as Apple Pay and Google Pay. Nuvei's smart routing technology is also maximizing Charles & Keith's card payment authorization rates in each region.
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MYNZ | Hot Stocks08:16 EDT Mainz Biomed to organize HALLO DOC! event - Mainz Biomed will be organizing the HALLO DOC! event, informing about colorectal cancer, cutting-edge research, new treatment modalities, and holistic therapeutic approaches. This event will take place on March 20, 2024, in Berlin, Germany, aligning with the Colorectal Cancer Awareness Month. HALLO DOC! comes at a critical time as the incidence of colorectal cancer increases alarmingly, particularly among the youth, emphasizing the necessity for effective prevention, early detection, and the avoidance of recurrence. Mainz Biomed has organized this event to shed light on new diagnostic methods, the importance of a comprehensive treatment approach, and the latest advancements in colorectal cancer research. Event Highlights: Expert Insights: Keynote presentations by renowned experts, including Prof. Dr. Guido Schumacher, Priv. Doz. Dr. med Annika Kurreck, Prof. Dr. Ingo Frobose, and Priv. Doz. Dr. Severin Daum, offering invaluable insights into modern colorectal cancer treatment methods, the critical role of early detection, and personalized medicine. Patient Perspective: A moving account by Jule Blohmer, a young colorectal cancer survivor, aiming to inspire and inform others about the journey through diagnosis, treatment, and recovery. Interactive Sessions: Engaging Q&A sessions with the audience, both on-site and streaming online, facilitating a deeper understanding and discussion about colorectal cancer. Innovative Research: Presentation of groundbreaking studies on the role of the microbiome and molecular markers in colorectal cancer prevention and treatment, highlighting Mainz Biomed's contributions to the field. Networking Opportunity: A "Get Together" session to conclude the event, allowing for personal interactions among attendees, speakers, and professionals.
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RUN | Hot Stocks08:16 EDT Sunrun announces partnership with Carhartt - Sunrun and Carhartt announced a partnership to make Carhartt the official apparel supplier for Sunrun and its thousands of installers, technicians and service team members. "Sunrun is committed to the safety of our hardworking employees. We know that when they have the best gear and feel comfortable and protected, they do their best work," said Chris McClellan, Sunrun's Chief Field Operations Officer. "Our team members are excited to be wearing Carhartt Company Gear as they battle extreme heat, bitter winter cold, and other everyday elements as they serve our nearly one million customers across the country."
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BNGO | Hot Stocks08:15 EDT Bionano Genomics announces publication of a breast cancer study with OGM - Bionano Genomics announced the publication of a study of optical genome mapping, OGM, in hereditary breast and ovarian cancer, HBOC, syndrome showing that when tumors exhibited higher overall numbers of structural variations they tended to have more mutated genes and altered signaling pathways, which may correlate with poor prognosis, tumor progression and chemotherapy resistance. Researchers also found that OGM was able to detect chromothripsis events and novel gene fusions in cancer tissues with high accuracy, including novel gene fusions that were not detected by other methods. "We are pleased to see the publication of this study, which highlights OGM as a promising tool for detecting novel variants in HBOC-related breast cancer that have oncogenic potential. We believe the comprehensive assessment of the role SVs play in breast cancers with abnormal DNA repair functions might expand our current understanding of disease progression and precision medicine in breast cancer," commented Erik Holmlin, PhD, president and chief executive officer of Bionano.
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ME | Hot Stocks08:14 EDT 23andMe launches feature connecting customers to historic individuals - 23andMe Holding released a new feature for 23andMe+ Premium and Total Health members, that uncovers DNA connections to 335 unique historical individuals, from medieval Vikings to late Stone Age African hunter-gatherers to pre-colonial indigenous Caribbean people to the great musical genius Ludwig Van Beethoven. 23andMe plans to add additional historical genomes to the Historical Matches feature over time, offering 23andMe+ Premium and Total Health members more opportunities to connect their stories to past epochs. To create this new feature and connect members to Historical Matches, 23andMe identifies segments of DNA that individuals share with the genetic sequences of historical individuals. The feature relies on publicly available data, scientific publications, and the 23andMe relative matching technology to link to these historical individuals. Most members will have a match to one or more of these individuals, offering them a connection to specific individuals from a particular time in history.
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APLD | Hot Stocks08:13 EDT Applied Digital among first cloud service provides to use new NVIDIA Blackwell - Applied Digital announced that it will be among the pioneering cloud service providers to use the latest NVIDIA Blackwell platform-based GPUs. "Applied Digital demonstrates a profound commitment to driving generative AI, showcasing a deep understanding of its transformative potential. By seamlessly integrating infrastructure, Applied breathes life into generative AI, recognizing the critical role of GPUs and supporting data center infrastructure in its advancement," said Wes Cummins, CEO and Chairman of Applied Digital. "NVIDIA technologies epitomize innovation, empowering us to redefine the boundaries of computational excellence and drive unprecedented value for our customers."
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TNXP | Hot Stocks08:13 EDT Tonix announces transition to fully integrated biopharmaceutical company - Tonix Pharmaceuticals announced that it will achieve its goal of transitioning to a fully integrated pharmaceutical company on April 1, 2024. Since the acquisition of Zembrace SymTouch 3 mg and Tosymra 10 mg on June 30, 2023, Tonix Pharmaceuticals has been putting in place the personnel, systems and contracts required to support a commercial organization. Both products are indicated for the treatment of acute migraine with or without aura in adults. "Tonix will become a fully integrated biopharmaceutical company with a mission of developing and marketing innovative, high-value therapeutics," said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "Tonix will assume responsibility for the distribution, selling and marketing of Zembrace SymTouch and Tosymra, as well as supply chain, regulatory and quality control of the two products."
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ALIM | Hot Stocks08:12 EDT Alimera announces first patient randomized in radiation retinopathy trial - Alimera Sciences announces that the first patient has been randomized in the DRCR Retina Network's Protocol AL. The study is titled, "A Randomized Clinical Trial Evaluating Intravitreal Faricimab Injections or Fluocinolone Acetonide Intravitreal Implants vs Observation for Prevention of Visual Acuity Loss due to Radiation Retinopathy." The study, chaired by Arun Singh, M.D. plans to include 600 participants with primary choroidal melanoma receiving treatment with plaque brachytherapy. It will assess development of macular edema and associated long-term visual acuity effects of consistent and continuous release of corticosteroid or repeated injections of anti-VEGF initiated near the time of radiation therapy compared to observation until macular edema develops in patients at risk for radiation retinopathy.
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CTKB VLD | Hot Stocks08:12 EDT Cytek Biosciences Velo3D names McCombe as Chief Financial Officer - Cytek Biosciences (CTKB) announced that William McCombe has been appointed chief financial officer of the company effective immediately. McCombe brings experience as a public company CFO at both large scale, and smaller, high growth technology companies. He was CFO at Velo3D (VLD).
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SRAD | Hot Stocks08:10 EDT Sportradar elevates NBA League Pass experience with emBET Integration - Sportradar and the National Basketball Association, NBA, announced the launch of enhanced betting-related functionality within NBA League Pass, powered by emBET, Sportradar's over-the-top, OTT, solution. Sports betting content, such as point spreads, over-unders, and money lines, will be seamlessly integrated into the NBA's live streaming platform, elevating the in-play betting experience. "emBET is an exciting innovation for NBA fans, making in-play betting more engaging and immersive," said Patrick Mostboeck, Sportradar Senior Vice President of Audiovisual. "Through our exclusive partnership with the NBA, we're committed to develop next-generation, value-added products and services, like emBET, to drive fan and bettor engagement."
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IVDA | Hot Stocks08:10 EDT Iveda expands partnership with EGAT for AI-powered smart drone applications - Iveda announces the expansion of its partnership with Evergreen Aviation Technologies or EGAT ," a leading aircraft maintenance solutions provider, following the success of the partnership over the past year. Together Iveda and EGAT are continuing to expand AI-powered smart drone applications around the globe in areas including the Philippines, Mexico, the U.S., and the Middle East. Growing their partnership, EGAT and Iveda will proceed with the development of military-grade smart drones, equipped with Iveda's AI Video Analytics and sensor technologies, to assist with confidential military deployments, flood and fire surveillance, border and coastal patrol, livestock tracking, remote equipment searches, infrastructure inspections, and basic aerial crowd traffic control. Having responded to multiple Requests for Proposals RFPs from both private and government entities from the countries mentioned above, the potential value of this partnership expansion exceeds $2.5M to date, with one significant RFP valued at $1.8 M. To date, the typical drone configurations requested have ranged from $90,000 to $350,000 per unit. EGAT will continue to provide Iveda with the assets, technical support, and training to facilitate the promotion and sale of its drone products on a global scale, which is especially important as Fortune Business Insights predicts the commercial smart drone market to reach $54.81B by 2030."
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GDHG | Hot Stocks08:09 EDT Golden Heaven leasing property to Zigong City Dragon Culture - Golden Heaven entered into a collaboration agreement with Zigong City Dragon Culture & Arts, a company engaged in various commercial, cultural and artistic activities in China. Golden Heaven agrees to lease certain land and property for Zigong Culture, to host a range of outdoor activities. These activities include seasonal excursions, extracurricular activities, physical competitions, and talent shows. Zigong Culture will compensate the company with an aggregate lease payment of RMB8.73M, payable quarterly, ensuring a steady revenue stream over the contract period from March 11, 2024 to March 10, 2025.
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HOVR | Hot Stocks08:09 EDT Horizon Aircraft publishes research on trend towards urbanization - New Horizon Aircraft publishes new global research that indicates the global trend towards urbanisation is believed by Japanese private equity, venture capital and family office investors to be a key driver behind the anticipated growth in the eVTOL. The study from PureProfile, commissioned by the Company, surveyed investors in Japan responsible for more than $423 billion assets under management. It has been predicted that 65% of the global population will be living in cities by 2050, compared to 55% today, which equates to almost 2.3 billion people set to move into cities over the next 30 years. This population concentration in cities, equivalent to an additional 76 million people moving into urban areas across the globe each year, will give rise to escalating congestion in ground transportation. The need to address such transportation issues is believed by 65% of Japanese professional investors to be a key driver behind the growth of the eVTOL market. The study reveals increasing optimism about the Urban Air Mobility market with more than two in five Japanese professional investors stating they think the first commercial UAM routes will be operational by 2026, and 18% believing that the first commercial flights could be as early as 2025. Only 5% of professional investors in Japan believe the debut date for commercial passenger routes will extend beyond 2030. The future of urban mobility will require a greater reliance on eco-friendly and reliable alternative modes of transport. The study reveals that 83% of Japanese professional investors agree that regulators' support of the eVTOL market will be important in the drive to reduce the overall carbon footprint of the aviation sector. Roughly three out of four Japanese investors believe public support for eVTOLs will grow over the next three years with 18% anticipating a dramatic increase in public confidence. Just 8% of the private equity, venture capital and family office investors questioned believe public confidence in the sector will decline as the launch of the first services comes closer to reality. Around 15% do not see any change in public confidence happening or did not express an opinion. More than three in four of Japanese investors identified the use of pilots as the key to guaranteeing increased public confidence while 61% say more successful trials of passenger and drone services will be important. The same number want evidence of more regulatory improvements. Around 55% point to more news about successes in the sector and 45% are hoping for the endorsement of the sector by major companies and investors. The study found 23% of Japanese investors believe search and rescue will be the first practical use of eVTOLs while 18% think eVTOLs will be used first for supplying remote areas and 15% believe they will first be used for disaster relief. The same number believe the first use of eVTOLS will be for passenger transport and 13% believe they will be used first for organ transport. Horizon is targeting the future production of a manned seven-seat capacity hybrid electric eVTOL called the Cavorite X7 which includes room for a pilot and six passengers. It has been developed in response to demand from potential customers in the medevac, business aviation and commercial cargo sectors.
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CERS | Hot Stocks08:08 EDT Cerus announces ReCePI trial met primary efficacy endpoint - Cerus announced topline results for ReCePI, a Phase 3 clinical trial of pathogen reduced INTERCEPT Red Blood Cells transfused to complex cardiac surgery patients. The trial met its primary efficacy endpoint, demonstrating non-inferiority for INTERCEPT RBCs compared to conventional RBCs as measured by the incidence of acute kidney injury, or AKI, following transfusion of study RBCs. AKI is a sensitive transfusion efficacy indicator of RBC tissue oxygen delivery. In transfused subjects, by modified intent to treat the incidence of AKI was 29.3% for INTERCEPT RBC recipients compared to 28% for conventional RBC recipients, demonstrating non-inferiority of INTERCEPT RBCs compared to conventional RBCs with an upper limit of the 95% confidence interval of 10.4% compared with a non-inferiority margin of 14%. The safety endpoint of the proportion of patients with any related treatment-emergent adverse events, or TEAEs, within 28 days of last transfusion was not significantly different for INTERCEPT RBCs compared to conventional RBCs. There was no clinical significance related to treatment-emergent RBC antibodies observed in five patients receiving INTERCEPT RBCs. The trial's independent Data Safety and Monitoring Board, or DSMB, evaluated these patients and was supportive of continued transfusion, having found no adverse health effects from trial transfusions. This safety endpoint is also being explored in the Company's ongoing RedeS Phase 3 clinical trial of INTERCEPT RBCs. Cerus plans to include data from both the ReCePI and RedeS clinical trials in an integrated safety analysis as part of its planned modular premarket approval, or PMA, submission. Cerus anticipates initiating a modular PMA application to the FDA in the second half of 2025, with the final PMA module submission planned for the second half of 2026, upon the anticipated completion of the RedeS clinical trial. Data from preclinical studies, manufacturing information, previously reported Phase 1 and Phase 2 clinical trials in the U.S., and the successfully completed Phase 3 clinical trials in the EU will be included in the modular PMA submission. Cerus expects the data from the ReCePI clinical trial to be presented at upcoming medical conferences as well as to be submitted for peer reviewed publication.
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NUE... | Hot Stocks08:07 EDT Google, Microsoft and Nucor partner to aggregate demand for clean electricity - Google (GOOG), Microsoft (MSFT) and Nucor (NUE) will work together across the electricity ecosystem to develop new business models and aggregate their demand for advanced clean electricity technologies. These models will be designed to accelerate the development of first-of-a-kind and early commercial projects, including advanced nuclear, next-generation geothermal, clean hydrogen, long-duration energy storage and others. As a first step, the companies will issue an RFI in several US regions for potential projects in need of offtake, and encourage technology providers, developers, investors, utilities and others interested in responding to get in touch here. By developing new commercial structures and aggregating demand from three of the world's largest energy buyers, this approach aims to reduce the risks for utilities and developers considering early commercial projects and enable the investments that are needed - ultimately helping to bring these projects online by the early 2030s and reducing technology costs through repeated deployment. The companies will initially focus on proving out the demand aggregation and procurement model through advanced technology pilot projects in the U.S. In addition to supporting innovative technologies that can help decarbonize electricity systems worldwide, this demand aggregation model aims to bring clear benefits to large energy buyers. Pooling demand enables buyers to offtake larger volumes of carbon-free electricity from a portfolio of plants, reducing project-specific development risk, and enables procurement efficiencies and shared learnings.
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NEWT | Hot Stocks08:06 EDT NewtekOne raises quarterly dividend 5.5% to 19c per share - NewtekOne announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on April 15, 2024 to shareholders of record as of April 1, 2024. This represents a 5.5% increase over the $0.18 per share quarterly dividend declared on December 11, 2023.
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IONQ | Hot Stocks08:06 EDT IonQ and SC Quantum in pact to further 'a Quantum Ecosystem in South Carolina' - IonQ announced it has entered a strategic agreement with South Carolina Quantum or SC Quantum to provide world-class quantum computing capabilities and professional services to SC Quantum partners, including academic institutions. As part of the agreement, IonQ and SC Quantum will partner to develop quantum-specific academic coursework for training future members of the quantum economy. SC Quantum will also partner with IonQ to accelerate the introduction of quantum technologies within enterprises, startups, and industries across South Carolina. With this announcement, SC Quantum becomes the latest U.S. state effort to partner with IonQ, joining other states like Maryland and Washington in recognizing the need for quantum skill sets across business, government, and academia. In 2023, South Carolina earmarked millions for SC Quantum to develop a quantum-focused workforce and build quantum-smart technologies in the state.
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COCP | Hot Stocks08:05 EDT Cocrystal Pharma receives pre-IND responses from FDA on oral CC-42344 - Cocrystal Pharma announces it has received Pre-Investigational New Drug feedback from the U.S. Food and Drug Administration, FDA, regarding CC-42344 as a potential oral treatment for pandemic and seasonal influenza A. A Pre-IND review provides the opportunity to obtain FDA guidance and clarification on critical steps such as the proposed clinical trial design, as well as clinical drug manufacturing and nonclinical studies deemed necessary before filing the trial design. The feedback was provided in a written response to a Pre-IND package and questions submitted by the Company in January 2024. "We value the FDA guidance as we prepare to file the IND for our Phase 2b trial and open enrollment of patients in the U.S.," said Sam Lee, Ph.D., Cocrystal's President and co-CEO. "This is an important milestone that provides greater clarity on the regulatory requirements and our planned oral CC-42344 clinical program."
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CRNC | Hot Stocks08:05 EDT Cerence announces equity grant to employee under inducement plan - Cerence announced that, in connection with Daniel Tempesta's recent appointment as CFO effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta's continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the Company's performance upon the completion of each of fiscal year 2024, 2025, and 2026, with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Tempesta's continued service with the Company through such vesting date. In addition, the Company granted Mr. Tempesta a one-time sign-on equity award with a target aggregate value of $3 million, consisting of 205,198 restricted stock units based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant, which vests in three equal installments on each of December 15, 2024, December 15, 2025, and December 15, 2026, subject to Mr. Tempesta's continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Tempesta entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
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ORCL | Hot Stocks08:05 EDT Oracle chosen as Cloud Service Provider by AOUSC - The Administrative Office of the U.S. Courts, on behalf of the Federal Judiciary, selected Oracle as one of four Cloud Service Providers for its information technology modernization initiatives. Inclusion in the ten-year U.S. $100M, multiple award Blanket Purchase Agreements enables the U.S. Courts to use Oracle Cloud Infrastructure services and Oracle Cloud VMware Solution to gain increased efficiencies across the spectrum of the Judiciary's IT operations.
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MORF KROS | Hot Stocks08:04 EDT Morphic appoints Cooper as Chief Medical Officer - Morphic Therapeutic (MORF) announced that Simon Cooper, M.B.B.S., has joined the Company as Chief Medical Officer. Dr. Cooper most recently served as Chief Medical Officer of Keros Therapeutics (KROS).
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ARCH | Hot Stocks08:04 EDT Arch Resources appoints George Schuller Jr. as COO - Arch Resources appointed George Schuller Jr. as SVP and COO, effective immediately. Schuller most recently served as COO officer at Compass Minerals. Prior to joining Compass in 2019, Schuller held a range of high-ranking operational roles at Peabody Energy, including president, Australia; COO; group executive operations, Australia; and group executive, Powder River Basin and the Southwest.
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MDAI | Hot Stocks08:03 EDT Spectral AI announces receipt of $1M financing for Spectral IP - Spectral AI has received a $1 million investment from an affiliate of its largest shareholder into its recently formed subsidiary Spectral IP. The investment is structured as a note payable with a one-year maturity, an interest rate of 8%, and requiring earlier prepayment if Spectral IP is spun off to the Company's shareholders or sold. Spectral IP will focus on advancing intellectual property in the broader AI ecosystem through acquisitions, strategic partnerships and collaborations with AI technology providers, healthcare institutions, and research organizations to accelerate innovation and expand market reach.
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LINC | Hot Stocks08:03 EDT Lincoln Educational projects student start growth of approx 15% during Q1 - Lincoln Educational Services Corporation expects to continue its strong business momentum during the first quarter ending March 31, 2024. Student start growth is projected to significantly improve from the prior year, with growth of approximately 15.0% compared to 6.4%, excluding the transitional segment in 2022. "Our team continues to successfully execute the Company's transformative growth strategies as the interest in skilled trade careers continues to grow," said Scott Shaw, President and CEO. "Our expected strong start growth in Q1 builds on the momentum we generated during 2023, which led to increased student starts, student retention, graduation and placement rates with employers as well as the achievement of all of our financial guidance objectives during the year. During today's Investor Day we look forward to reviewing our strategies for 2024 and beyond while showcasing our new East Point campus."
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JSPR | Hot Stocks08:03 EDT Jasper announces first patient dosed in Phase 1b/2a SPOTLIGHT study - Jasper Therapeutics announced that the first patient has been dosed in Jasper's Phase 1b/2a clinical study of subcutaneous briquilimab for the treatment of CIndU. The SPOTLIGHT study is evaluating a single administration, at two different dose levels, of subcutaneous briquilimab in adult patients with cold urticaria or symptomatic dermographism. "We are excited to announce dosing of the first patient in the SPOTLIGHT study in patients with CIndU, our second clinical program evaluating briquilimab in a mast cell-mediated disease," said Edwin Tucker, Chief Medical Officer of Jasper. "As with our BEACON study in CSU, we expect the SPOTLIGHT study to establish proof of concept for the depletion of mast cells by briquilimab in CIndU and help us to determine doses and dosing regimens for future registrational studies. We plan to provide enrollment updates as we progress through the study and anticipate reporting preliminary data in the second half of 2024."
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CSTM | Hot Stocks08:02 EDT Constellium filles annual report on 20-F - Constellium has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The 2023 Form 20-F is available on Constellium's website at https://www.constellium.com/investors and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
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CMND | Hot Stocks07:58 EDT Clearmind Medicine granted divisional patent approval in China - Clearmind Medicine has been granted divisional patent approval by the China National Intellectual Property Administration. The divisional patent approval, previously announced, grants Clearmind a broader claim than patent application. Allowed claims directed to using a primary amine aminoindan compound to regulate a binge behavior. Covers primary amine aminoindan compounds besides 5-methoxy-2-aminoindan, the company's innovative psychedelic molecule. This latest patent builds upon Clearmind's broad IP protection in the psychedelic space, which now includes 27 granted patents and 24 pending patent applications across 15 patent families, nine of which have been granted in major jurisdictions such as the US, Europe, China, and India.
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NEXA | Hot Stocks07:50 EDT Nexa Resources announces suspension of mining operations at Morro Agudo - Nexa Resources announcesthe suspension of its mining operations at the Morro Agudo Complex in the state of Minas Gerais in Brazil effective May 1, 2024, until further notice. Commencing from the date hereof until April 30, 2024, mining activities will be reduced while limestone production activities will continue at full capacity. Nexa is committed to carrying out a structured process, aiming to minimize impacts on the business and, particularly, on its employees and host communities. In 2023, the Morro Agudo mine produced 23kt of zinc and 8.3kt of lead at a sustaining cash cost net of by-products of US$0.87/lb. The mine does not currently have any estimated Mineral Reserves. The Ambrosia mine reached the end of its life of mine during the fourth quarter of 2020 and operations have since been suspended. This decision is part of Nexa's portfolio optimization process to improve free cash flow in line with the Company's disciplined capital allocation framework, along with its long-term strategy to maximize value for the Company and its shareholders. As previously disclosed, we continue to actively assess risk-return alternatives for our Morro Agudo Complex in Brazil. The Morro Agudo Complex produces approximately 1,650t of zinc and 390t of lead per month, accounting for 5% and 6% of Nexa's zinc and lead production, respectively. The 2024 consolidated guidance remains unchanged.
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ARWYF | Hot Stocks07:39 EDT ARway announces paid partner deal with EWROS - ARway.ai announced a paid partner deal with EWROS, a leading developer of automation systems software based out of Turkey. This new partner is another step in ARway.ai's expansion, aligning with EWROS's recognized position in the region as a premier automation solutions provider. EWROS becomes an integral part of the ARway ecosystem, licensing ARway's innovative platform for large-scale projects within the region. This partnership allows EWROS to leverage ARway's cutting-edge AR technology in conjunction with their existing IoT deployments, thereby offering a comprehensive tech stack to their clientele.
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MTTRF | Hot Stocks07:37 EDT Mattr Corp. announces pricing of upsized senior unsecured notes offering - Mattr has entered into an underwriting agreement to sell, pursuant to a private placement offering, C$175 million aggregate principal amount of 7.25% senior unsecured notes due 2031, which aggregate principal amount of notes was upsized from the initial deal size of C$150 million. The Notes will be issued at a price of C$1,000 per C$1,000 principal amount of Notes. Mattr intends to use the net proceeds of the Offering to fund the redemption of its outstanding 9.00% senior unsecured notes due 2026, to pay fees and expenses related to the Offering and for general corporate purposes. Mattr will issue a conditional notice to redeem C$150 million of its 2026 Notes at a redemption price of 104.50%, plus accrued and unpaid interest to, but not including the redemption date. The redemption is expected to be completed one business day following closing of the Offering and is conditioned upon completion of the Offering. This press release does not constitute a notice of redemption of the 2026 Notes. Further information related to the terms and conditions of the redemption of the 2026 Notes is described in the Conditional Notice that will be distributed to holders of the 2026 Notes by TSX Trust Company as trustee. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution. The Notes are being offered through a syndicate of underwriters led by National Bank Financial Markets and TD Securities.
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UFPT ISRG | Hot Stocks07:37 EDT UFP Technologies announces $500M amended supply agreement with Intuitive Surgical - In a regulatory filing on Monday night, UFP (UFPT) said that the company, though a wholly owned subsidiary, and Intuitive Surgical SARL (ISRG), one of the company's strategic medical customers, entered into that certain amendment to the manufacturing supply agreement dated April 25, 2014 as amended. Pursuant to the terms of the Amended Supply Agreement, among other things, for an initial four-year period commencing January 1, 2024, the Customer has agreed to purchase the majority of certain products from the company on a semi-exclusive basis. The Amended Supply Agreement also provides for volume-based pricing terms based on certain minimum purchase thresholds. The Amended Supply Agreement provides for automatic renewal for additional one-year terms following the initial term, subject to certain early termination rights for bankruptcies and uncured, material breaches held by both parties and non-renewal rights held by both parties. We currently estimate that sales under the Amended Supply Agreement will result in approximately $500M in revenue over the initial term of the Amended Supply Agreement if the Customer buys the specified number of products to take advantage of volume-based pricing under the Amended Supply Agreement. Should the Customer choose not to buy the specified annual or aggregate volumes it would not receive the agreed-upon pricing provided under the Amended Supply Agreement.
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EVAX | Hot Stocks07:36 EDT Evaxion Biotech hosts R&D day, unveils potential of AI-Immunology platform - Evaxion Biotech hosts a Research & Development Day focusing on its core AI-Immunology platform. The event will be hosted at our facilities in Horsholm, Denmark, between 14.00 - 18.00 CET / 9.00 a.m. - 1.00 p.m. EST and can be accessed remotely here. Christian Kanstrup, CEO of Evaxion, expresses enthusiasm: "We have been looking forward to this exciting day and welcome everyone interested in learning more about our technology and its potential for saving and improving lives. We believe that we hold a truly differentiated position driven by our validated AI-Immunology(TM) platform and the multi-disciplinary capability set we have built around it. The potential of AI-Immunology(TM) is evidenced by our strong pipeline of vaccine candidates and existing partnerships."
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BAM | Hot Stocks07:36 EDT Brookfield Asset Management appoints Hadley Peer Marshall as CFO - The Board of Brookfield Asset Management announced the appointment of Hadley Peer Marshall as CFO effective May 31, 2024. Ms. Peer Marshall joined Brookfield in New York in 2015 in the Infrastructure Group where she is co-head of infrastructure debt and structured solutions. Peer Marshall will continue in her role in infrastructure in addition to her new responsibilities as CFO. She succeeds Bahir Manios as CFO of Brookfield Asset Management, a role in which he has served since creation as a separate, publicly traded company in 2022. Manios has decided to retire from Brookfield. He will remain CFO through the announcement of first quarter earnings results until May 31, and continue as a strategic advisor to ensure a smooth transition.
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RGEN TMO | Hot Stocks07:35 EDT Repligen appoints Pax to board of directors - Repligen Corporation (RGEN) announced the appointment to its Board of Directors of life sciences industry executive Maggie Pax. This appointment expands the size of Repligen's board from eight to nine members. Pax brings to Repligen over 25 years of experience leading the development and execution of growth strategies for global companies. This includes eight years with Thermo Fisher Scientific (TMO), where, from 2016-2020, she served as Vice President, Strategy and Innovation for the clinical supply chain business
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DTEA | Hot Stocks07:34 EDT DavidsTea launches 'Tea-2-Go' at over 1,500 Couche-Tard/Circle K stores - DAVIDsTEA announced it has secured an exclusive supplier agreement with Alimentation Couche-Tard to offer a premium "Tea-2-Go" in-store experience at over 1,500 convenience stores across Canada. "We are proud to become the exclusive supplier of high-quality teas across Canada to an industry leader like Couche-Tard," said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA. "This landmark agreement enables DAVIDsTEA to introduce a whole new segment of customers to our wide variety of flavourful teas. It also represents a key step in our omnichannel growth strategy to expand our footprint while driving profitable growth."
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EMOTF | Hot Stocks07:34 EDT Emerita Resources appoints Jorge Blanco Aviles as director, metallurgy - Emerita Resources announced Jorge Blanco Aviles has joined its Spanish senior management team as Director of Metallurgy. Since 2010, Mr. Blanco was Metallurgy and Research and Development Manager for First Quantum's Cobre Las Cruces operation in Andalusia Spain.
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PTCT | Hot Stocks07:33 EDT PTC Therapeutics provides regulatory updates - PTC Therapeutics submitted a BLA to the FDA for Upstaza, a gene therapy for the treatment of aromatic L-amino acid decarboxylase deficiency, a fatal, rare genetic disorder that typically causes severe disability and suffering from the first months of life. In addition, based on recent feedback from the FDA, PTC plans to re-submit an NDA for Translarna for the treatment of nonsense mutation Duchenne muscular dystrophy, a rare and fatal genetic disorder that results in progressive muscle weakness from early childhood and leads to premature death in the mid-20's. PTC expects to make the NDA resubmission by mid-year. In addition, the sepiapterin MAA for PKU remains on schedule for submission to the EMA by the end of this month. The efficacy and safety profile of Upstaza has been demonstrated across clinical trials and compassionate use programs. The first patient was dosed in 2010. Upstaza has received marketing authorization in Europe, Great Britain and Israel.
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RIO | Hot Stocks07:33 EDT Midland announces launch of lithium drilling program on Galinee project - Midland Exploration, in partnership with Rio Tinto Exploration Canada, announced the start of a maiden drilling program on the Galinee project, approximately 8 kilometres east of the Adina lithium deposit held by Winsome Resources. The Galinee project is currently wholly owned by Midland and is subject to an option agreement signed with RTEC in June 2023. Highlights: Maiden 5.8M CAD drilling program targeting the Iceberg Showing to start on the Galinee project; Iceberg Showing consists if spodumene-bearing pegmatite dykes identified over at least 600 metres strike length with high-grade grab samples grading up to 7.2 % Li2O; An additional 1.3M CAD exploration program on the 10 optioned projects, including Komo and Shire. A 5.8M CAD maiden diamond drilling program is planned to begin early April on the Iceberg spodumene showing. This program aims to define the grade and geometry of the Iceberg spodumene pegmatites, identified in 2023 by drilling along several fences. In addition to drilling, a summer surface exploration program is also planned on the Galinee project over targets generated by the 2023 high-resolution airborne magnetic and radiometric survey used to identify structures that could host spodumene pegmatites. This summer exploration work is part of a vast 1.3M CAD reconnaissance exploration program planned to cover the ten projects of the option agreement.
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HHH | Hot Stocks07:26 EDT Howard Hughes enters JV patnership with Discovery Land Company - Howard Hughes announced a joint venture partnership with Discovery Land Company for the development of a new residential tower, 'Ilima Ward Village, in the premier location within the acclaimed 60-acre master planned community of Ward Village in the heart of Honolulu. 'Ilima is designed to deliver an unrivaled island living experience with a refined aesthetic, expansive amenities, and sweeping ocean and Diamond Head views. 'Ilima, along with its companion tower Melia Ward Village, is being designed by celebrated architecture firm Robert A.M. Stern Architects.
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FLYLF | Hot Stocks07:24 EDT Flyht Aerospace engaged by long-term OEM partner for design work - FLYHT Aerospace Solutions announced that its long-term OEM partner has engaged the Company to undertake engineering and design work on the technology that it licenses from FLYHT as part of its Airbus line fit satcom program. The refresh of the technology positions the two partners to extend the longevity of this successful program with Airbus. As part of this long-standing program, FLYHT supports its OEM partner in delivering a customized version of the AFIRS 228S to support voice and data communications used in the cockpit of Airbus aircraft anywhere in the world through the Iridium satellite network.This technical services contract is valued at approximately $360,000 USD with work expected to be completed over the coming months.
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DECPF | Hot Stocks07:22 EDT Diversified Energy provides updated capital allocation framework - Since first initiated in 2017, Diversified has delivered more than $800 million in cash returns to the Company's stockholders, including approximately $700 million in cash dividends, along with approximately $110 million in share repurchases, and the Board remains committed to maintaining a sustainable and competitive shareholder return policy. The Company has undertaken a reassessment of its capital allocation strategy to weigh the intrinsic value of the current share price level against the historical practice of returning capital through dividends. The Board and executive management team have jointly evaluated a number of potential scenarios to align the dividend level with expected future capital allocation needs, peer trends, current commodity prices, and current equity market dynamics. The result of this assessment is the Board's realignment of capital allocation and is designed to best position the Company to create long-term shareholder value through the balanced combination of: Systematic debt reduction; Fixed per-share dividend; Strategic share repurchases; Accretive strategic acquisitions. In conjunction with the asset acquisition and following the Company's capital allocation policy review, the Board has set the new quarterly dividend to $0.29 per share which equates to $1.16 per year. This fixed quarterly dividend payment will be sustainable for at least three years and maintains a top quartile pro forma yield1, among FTSE350 and higher than a majority of US listed peers, while providing the Company financial flexibility to reallocate approximately $110 million annually of capital towards the other elements within the updated capital allocation framework. When combined with our planned debt reduction through amortization of approximately $200 million in 2024, the capital allocation framework will allow for an opportunity to meaningfully reduce leverage and remain within the Company's stated target leverage range of 2.0x to 2.5x. In addition, the Company will have increased flexibility to conduct a strategic and regimented share repurchase program, while also providing for the opportunity to make accretive acquisitions. The updated capital allocation framework will take effect with the recommended final dividend for 2023, payable in June 2024.
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DECPF | Hot Stocks07:21 EDT Diversified Energy enters acquisition agreement with Oaktree - The Company is pleased to announce that it has entered into a conditional agreement with Oaktree Capital Management, L.P. for the strategic acquisition of working interests in certain assets operated in the Central Region. The Acquisition represents a continuation of Diversified's successful multi-year track record of strategic asset purchases, whereby the Company will acquire Oaktree's proportionate interest in the previously announced Indigo, Tanos III, East Texas, and Tapstone acquisitions for an estimated gross purchase price of $410 million which includes the assumption of approximately $120 million in amortizing notes and a hedge book with a positive mark-to-market of approximately $70 million. Diversified's average working interest in the Assets will increase by approximately 100% as a result of the Transaction, highlighting the Company's emphasis on efficient operation of high ownership interest assets to maximize cash returns for the life of the acquired assets. The Assets include wells currently operated by Diversified throughout the Central Region and are expected to add production of 122 MMcfepd representing an increase of 15% as compared to Diversified's previously announced 2023 average daily production. With an advantageous production-to-reserves ratio for the Assets of 11x, the Company's corporate decline rate remains unchanged at approximately 10% per year. As part of the Acquisition, Diversified will acquire certain hedging contracts from Oaktree that will provide ongoing protection despite the recent downturn in the gas market at volumes consistent with the Company's overall hedging strategy while also maintaining strong long-term cash upside potential from the Assets. Consideration for the Acquisition gross purchase price of $410 million is subject to customary purchase price adjustments and is expected to be satisfied through existing and expanded liquidity, the assumption of Oaktree's proportionate debt of approximately $120 million associated with the ABS VI amortizing note, and approximately $90 million in deferred cash payments to Oaktree. Additional liquidity for the Acquisition may be generated from non-core asset sales and the potential issuance of a private placement preferred instrument. The Company does not plan to issue common equity as part of the Acquisition. The Acquisition has an effective date of November 1, 2023. Timetable and Conditionality The Acquisition is classed as a class 1 transaction under the Listing Rules of the Financial Conduct Authority and accordingly it is conditional, amongst other things, on the approval of DEC's shareholders, by ordinary resolution, at a general meeting of DEC. The circular containing the notice convening the General Meeting will be published in due course. In addition, the Acquisition is subject to the satisfaction of other conditions including receipt of regulatory approvals. It is currently expected that completion of the Acquisition will occur in the second quarter of 2024.
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DECPF | Hot Stocks07:19 EDT Diversified Energy reports 2023 average net daily production 821 MMcfepd - Total Revenue grew 2% to $1B. CEO Rusty Hutson, Jr. commented: "We finished the year with strong financial, operational, and sustainability results, which reflect the continued execution and success of our business strategy and the contributions of our teams. Despite headwinds in the natural gas market, Diversified grew annual adjusted EBITDA by approximately 8%, increased margins by approximately 6%, and generated $219 million in free cash flow. From a capital allocation perspective, we reduced our outstanding debt by approximately 15% since our interim results while returning $180 million in capital to shareholders in 2023 through dividends and strategic share repurchases. The highly accretive transaction announced today increases our Central Region opportunities and reinforces our commitment to a highly disciplined growth strategy."
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STM | Hot Stocks07:15 EDT STMicroelectronics announces advanced process based on 18nm FD-SOI tech - STMicroelectronics announces an advanced process based on 18nm Fully Depleted Silicon On Insulator technology with embedded phase change memory to support next-generation embedded processing devices. This new process technology, co-developed by ST and Samsung Foundry, delivers a leap in performance and power consumption for embedded processing applications while allowing larger memory sizes and higher levels of integration of analog and digital peripherals. The first next-generation STM32 microcontroller based on the new technology will start sampling to selected customers in the second half of 2024, with production planned for the second half of 2025.
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TRAK | Hot Stocks07:14 EDT Heart of the Harvest picks ReposiTrak traceability network for FDA requirements - Family-run Heart of the Harvest parent company, Capitol Sausage and Provisions, whose expansive operations include wholesale fruits and vegetables as well as pre-cut offerings, has automated food traceability with the ReposiTrak Traceability Network RTN . Through RTN, the company can collect a complex set of FDA-required Key Data Elements KDEs from each of its hundreds of valued suppliers, from any of the suppliers' systems. Use of RTN enables Heart of the Harvest to meet and exceed the requirements of the FDA's FSMA 204 food traceability law. "As a processor and distributor of many of the foods covered by the FDA's food traceability law, there was no reason for us to wait to do food traceability," said Lisa Driscoll of the quality assurance team at Heart of the Harvest. "We recognize that it takes time to get suppliers connected and to get the data flowing, and we have found a solution that makes it easy and affordable to do traceability now." The ReposiTrak Traceability Network requires no additional hardware or software and the ReposiTrak team assists in making the connections needed under the new regulation. Suppliers can connect to an unlimited number of trading partners and begin sharing data for a low, flat fee and there is no cost to retailers.
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SVAUF | Hot Stocks07:14 EDT StorageVault Canada announces normal course issuer bids - STORAGEVAULT CANADA has received conditional acceptance from the Toronto Stock Exchange to conduct a Normal Course Issuer Bid to purchase for cancellation, during the 12-month period starting March 21, 2024: up to 18,727,451 of the outstanding common shares of the Corporation, representing 5% of the 374,549,038 Common Shares outstanding, outstanding 5.75% senior unsecured hybrid debentures of the Corporation issued in July 2020 and due on January 31, 2026 in the aggregate principal amount of $3,750,000, representing 5% of the currently outstanding $75,000,000 aggregate principal amount of 2020 Debentures; outstanding 5.50% senior unsecured hybrid debentures of the Corporation issued in July 2021 and due on September 30, 2026 in the aggregate principal amount of $2,873,750, representing 5% of the currently outstanding $57,475,000 aggregate principal amount of 2021 Debentures; and outstanding 5.00% convertible senior unsecured debentures of the Corporation issued in January 2023 and due on March 31, 2028 in the aggregate principal amount of $7,491,850, representing 5% of the currently outstanding $149,837,000 aggregate principal amount of 2023 Debentures. Each NCIB will end on March 20, 2025, unless the maximum amount of Common Shares or Debentures, as applicable, is purchased before then or StorageVault provides earlier notice of termination. StorageVault will not acquire through the facilities of the TSX more than 77,686 Common Shares, $5,423 aggregate principal amount of 2020 Debentures, $8,372 aggregate principal amount of 2021 Debentures or $51,352 aggregate principal amount 2023 Debentures, during a trading day, being 25% of the average daily trading volume of the Common Shares, 2020 Debentures, 2021 Debentures and 2023 Debentures, respectively, on the TSX from September 1, 2023 until February 29, 2024, subject to certain prescribed exceptions. The stock symbol on the TSX for the Common Shares, 2020 Debentures, 2021 Debentures and 2023 Debentures is SVI, SVI.DB, SVI.DB.B and SVI.DB.C, respectively. The purchase and payment for the Common Shares and Debentures will be made by StorageVault through the facilities of the TSX or alternative trading systems. National Bank Financial Inc. has been selected as StorageVault's agent for the NCIB. The price paid for the Common Shares or Debentures, as applicable, will be, subject to NCIB pricing rules contained in securities laws, the prevailing market price of such Common Shares or Debentures, as applicable, on the TSX at the time of such purchase. StorageVault intends to fund the purchases out of available cash.
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AYASF | Hot Stocks07:11 EDT Aya Gold & Silver secures 6 new permits, provides update at Boumadine - Aya Gold & Silver announces that it has completed 50% of its airborne MobileMT geophysical survey and secured the right to 6 exploration permits at its Boumadine Project in the Kingdom of Morocco. Its Boumadine exploration portfolio now totals up to 141.4 square kilometers. "We are excited to consolidate further and increase our footprint by 70%, as our largest annual drill program ever at Boumadine continues to exceed expectations and indicate significant potential," said Benoit La Salle, President & CEO. "Our confidence continues to grow with additional drill results, and we expect our geophysics, hyperspectral and ground mapping to generate valuable data to define quality drill targets on the permits."
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APGOF | Hot Stocks07:10 EDT Apollo Silver receives 2024 drill permit for Waterloo property - Apollo Silver announces that it has received its Conditional Temporary Use Permit from the County of San Bernardino authorizing 2024 drilling activities at the Waterloo Silver-Barite Property. Results from the 2024 assay testing program have been received and are being used to define planned barite assaying as part of declaring a maiden barite resource estimate at Waterloo. "The receipt of the 2024 Drill Permit ensures we can proceed with future drilling at Waterloo," commented Apollo's President and CEO Tom Peregoodoff. "The County took less than four weeks to issue the latest permit confirming their support for responsible resource development in the County. Results from the barite analysis testing program have enabled us to determine the most efficient and cost effective method for analyzing our drill material for barite. Our extensive pulps cover the entirety of the Waterloo deposit and this will provide us with a very good understanding of the distribution of barite and enable us to include this critical mineral in future resource updates for Calico."
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ENVB | Hot Stocks07:10 EDT Enveric in out-licensing deal for chemical entities to treat joint diseases - Enveric Biosciences is pleased to announce that it has signed two non-binding term sheets with an undisclosed biotechnology company to pursue the out-licensing of cannabinoid-COX-2 conjugate compounds for both pharmaceutical and non-pharmaceutical applications for the treatment of joint diseases. The term sheets contemplate that, for all human and animal joint pathology, such as osteoarthritis, rheumatoid arthritis, and other joint pathology applications, the undisclosed licensee would assume responsibility for all future product development efforts and in return would receive exclusive, royalty-bearing global licenses to develop, market and sublicense the compounds. The compounds are new chemical entities that include cannabinoids in conjugate form with COX-2 inhibitors and cannabinoids in conjugate form with selected steroids. The pharmaceutical application term sheet provides that Enveric could be eligible to receive future development and sales milestone payments that in total could add up to approximately $61M, assuming certain conditions are met, including receiving approval for the investigational new drug IND application and completing Phases I through III testing of the licensed product. Royalty rates could range from 2.5% up to 10% on future sales, depending on meeting certain sales criteria. The non-pharmaceutical application term sheet provides that Enveric could be eligible to receive future development and sales milestone payments, which in total could add up to approximately $21 million and with royalty rates ranging from 0.25% up to 7%, assuming certain conditions are met, including successful product development and commercial launch and on meeting certain sales criteria. Together, through the out-licensing of the two assets and meeting various development and sales milestones, Enveric could potentially receive milestone payments that total up to approximately $82M...
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GILT | Hot Stocks07:09 EDT Gilat Satellite unveils Cloud, 5G NTN evolution strategy - Gilat Satellite Networks announced its Cloud and 5G NTN evolution strategy to support Satellite Operators and service providers. "The satellite communications industry is moving towards digital transformation with the impending shift to Cloud and 5G Non-Terrestrial Networks. This evolution promises standard ubiquitous connectivity across terrestrial and non-terrestrial networks, a multi-vendor open ecosystem for the satcom industry, and new revenue streams from new use cases," said Hagay Katz, Chief Product and Marketing Officer. "As we embark on this exciting journey, it's crucial to focus on efficiency, adaptability, and strategic evolution. Here at Gilat, we have analyzed the key considerations for a seamless evolution to Cloud, 5G NTN and digital interfaces (DIFI), allowing harmonious integration, the preservation of current investments and ensuring business operations as well as continuous technology advancement in line with evolving standards."
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PZG | Hot Stocks07:08 EDT Paramount Gold announces BLM filed Notice of Intent for Grassy Mountain - Paramount Gold Nevada announces that the Bureau of Land Management, BLM, has filed the Notice of Intent in the Federal Registry, thereby initiating the preparation of an Environmental Impact Statement in compliance with the National Environmental Policy Act process for the proposed Grassy Mountain mine. Paramount's President & COO, Glen van Treek, stated, "The filing of the NOI in the federal registry marks a major milestone, providing a definitive path forward towards the construction and operation of the Grassy Mountain mine. The development of Grassy Mountain offers significant potential to provide much-needed employment opportunities and economic growth to Malheur County," van Treek added. The filing of the NOI follows the completeness determination by the BLM of the Plan of Operation for Grassy Mountain as announced on November 29, 2022.
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BMR | Hot Stocks07:07 EDT Beamr Imaging to present accelerated video AI workflows at NVIDIA GRC - Beamr Imaging will present accelerated video AI workflows at NVIDIA GTC. GTC is a global AI conference for developers and business minds shaping the future of artificial intelligence and accelerated computing. At GTC, Beamr will highlight its plans for integrating AI workflows into Beamr Cloud - Beamr's recently launched video software-as-a-service solution powered by NVIDIA technology - allowing easy and wide access to advanced video processing. . Beamr's vision is to lower the barrier of entry to the highest level of video AI capabilities. Beamr plans to offer AI and machine learning players a variety of solutions that may enable them to overcome critical pain points, such as slow training and inferencing speed, large numbers of GPUs required to complete a task, data storage, networking bottlenecks and high associated costs. Beamr plans to focus its research and development efforts on providing AI and generative AI players access to video AI workflows, tailored to their needs, through Beamr Cloud. Recently, Beamr released a technical paper showing that machine learning workflows benefit from the ability to create a compressed file that looks exactly the same as the original one. Video files that were downsized by 40% on average had streamlined machine learning processes and allowed significant savings in storage and overall costs without any negative effect on training and inference results.
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CDT | Hot Stocks07:05 EDT Conduit Pharmaceuticals appoints Holland as Chief Scientific Officer - Conduit Pharmaceuticals announced the appointment of Dr. Joanne Holland as Chief Scientific Officer. Dr. Holland brings over 20 years of experience to the CSO role at Conduit, having amassed expertise across the entire development spectrum.
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RVVTF | Hot Stocks07:05 EDT Revive Therapeutics to submit Type C meeting request with FDA for bucillamine - Revive Therapeutics announced that the FDA advised the Company to submit a Type C meeting request to discuss evaluating a proposed Phase 2 clinical study of Bucillamine, an oral thiol-based drug with anti-inflammatory and antiviral properties, as a potential treatment for long COVID. The Company expects to submit the Type C meeting request by next week. Currently, the Company is exploring the use of Bucillamine as a potential treatment for long COVID. The Company is advancing the clinical development of Bucillamine by leveraging the published research and data from its previous Phase 3 clinical trial and is finalizing the regulatory and clinical package that includes a proposed Phase 2 clinical study for long COVID to present to the FDA. On July 6, 2023, the Company announced the results of its Study evaluating the safety and efficacy of oral Bucillamine in patients with mild to moderate COVID-19. Under the Study's primary endpoint, the proportion of patients meeting a composite endpoint of hospitalization or death from time of first dose through Day 28 following randomization, there were no deaths and four hospitalizations, of which three were from the placebo arm and one from the Bucillamine low dose group. No hospitalizations occurred in the Bucillamine large dose group. The Company evaluated certain Study endpoints, including the COVID-19 clinical symptoms data. Based on preliminary analyses, the data demonstrated that for patients with oxygen saturation less than96% at baseline, Bucillamine had a 29.1% improvement over placebo in time to normal oxygen saturation. Additional analyses of the Study data may suggest Bucillamine's potential for long COVID. A study titled "Thiol-based drugs decrease binding of SARS-CoV-2 spike protein to its receptor and inhibit SARS-CoV-2 cell entry" showed that thiol-based drugs, like Bucillamine, decrease the binding of SARS-CoV-2 spike protein to its receptor, decrease the entry efficiency of SARS-CoV-2 spike pseudotyped virus, and inhibit SARS-CoV-2 live virus infection. These findings uncovered a vulnerability of SARS-CoV-2 to thiol-based drugs and provided a rationale to test thiol-based drugs such as Bucillamine as novel treatments for COVID-19.
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MAIN | Hot Stocks07:05 EDT Main Street makes follow-on $40.0M investment in Gulf Manufacturing - Main Street recently completed a follow-on investment in an existing portfolio company. Main Street made the investment in Gulf Manufacturing to support the company's acquisition of Maass Global Group, a manufacturer and distributior of flanges and specialty forged products, forged bar, seamless pipe, and fittings in duplex, stainless steel, and high nickel alloys. Main Street's follow-on investment consists of a $40.0M first lien, senior secured term debt investment. Main Street also provided GMI with a revolving line of credit to support the company's future growth initiatives and working capital needs. As a result of the acquisition, a new parent holding company, Gulf Manufacturing Holdings, was formed to own GMI and Maass. Founded in 1984 and located in Humble, Texas, GMI is a manufacturer and supplier of fittings, flanges, and specialty products for the oil and gas industry. With existing manufacturing and distribution locations in Humble, TX and Broussard, LA, GMI serves customers throughout the U.S. Main Street has been invested in GMI since 2007. Post-transaction, the combined company will operate globally with manufacturing and distribution operations in the U.S., Europe and Asia.
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PBA | Hot Stocks07:05 EDT Pembina Pipeline receives no-action letter from Canadian Competition Bureau - Pembina Pipeline announced that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge's interest in the Alliance, Aux Sable, and NRGreen joint ventures. The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the transaction, which is expected to occur on April 1.
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TRML | Hot Stocks07:03 EDT Tourmaline Bio sees cash runway into 2027 - Cash, cash equivalents and investments were $203.0 million as of December 31, 2023, as compared to $8.3 million as of December 31, 2022. Tourmaline anticipates that its current cash, cash equivalents and investments as of the date hereof, which includes $161.3 million of net proceeds received from the January 2024 underwritten public offering, will provide cash runway into 2027, funding key TOUR006 data readouts in TED and cardiovascular disease and the opportunity to expand development efforts into additional indications.
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AXSM | Hot Stocks07:03 EDT Axsome Therapeutics initiates PARADIGM Phase 3 trial of Solriamfetol - Axsome Therapeutics announced the first patient has been dosed in the PARADIGM Phase 3 trial of solriamfetol, an investigational treatment for major depressive disorder, MDD. PARADIGM is a Phase 3, randomized, double-blind, placebo-controlled, multicenter trial to assess the efficacy and safety of solriamfetol for the treatment of MDD in adults. Approximately 300 patients will be randomized in a 1:1 ratio to receive solriamfetol or placebo for 6 weeks. The primary endpoint will be change in the Montgomery Asberg Depression Rating Scale.
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ROKU | Hot Stocks07:02 EDT Roku and Cross Screen Media expand partnership for cross-channel measurement - Roku announced an expanded partnership with Cross Screen Media, a CTV activation managed service provider for local agencies specializing in political and public affairs. Cross Screen Media's agency customers can now accurately measure spend on Roku inventory and through Roku's Ad Platform. Agencies can also leverage Roku's ACR viewership data to target precise audiences based on household-level consumption of ads across both linear TV and CTV. The expanded partnership augments the existing capability for agencies to efficiently reach their target audiences by activating campaigns on Roku's premium inventory through unique first-party data.
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MOD | Hot Stocks07:02 EDT Modine Manufacturing: Several HVAC products for K-12 market UL60335 certified - Modine is dedicated to maintaining the highest level of product safety and certification. In furtherance of that mission, the IAQ leader recently announced that several of its HVAC products for the K-12 market are now UL60335 certified. The proactive shift was made to stay ahead of new regulations that will go into effect after Jan. 1, 2025. At that point, all new products and changes to products will need to be certified under UL60335 for new construction. Additionally, any equipment using A2L refrigerants can only be certified under UL60335.
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EADSY | Hot Stocks07:00 EDT Airbus ends discussions with ATOS on potential acquisition of BDS - Airbus stated: "After careful consideration of all aspects of a potential acquisition of ATOS' BDS - Big Data and Security - business line, Airbus has decided it will no longer pursue discussions with ATOS about this potential transaction."
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KTB | Hot Stocks06:53 EDT Kontoor Brands appoints Tom Waldron as COO - Kontoor Brands appointed Tom Waldron as COO, effective March 19. Jenni Broyles has been appointed to the position of EVP, Global Brands President, Wrangler & Lee. Additionally, Ezio Garciamendez has been appointed to the position of EVP, Chief Supply Chain Officer. Broyles served as SVP, Wrangler since 2022. Broyles has held various roles of increasing responsibility in brand management, marketing and merchandising for both Wrangler and Lee since joining the organization in 2005. Garciamendez, who joined Kontoor Brands in 2022 as SVP, Chief Supply Chain Officer, prior to joining Kontoor, served as Global Operations SVP at Melaleuca as well as leadership positions at Procter & Gamble. Christopher Waldeck, previously EVP, Co-COO, Global Brand President - Lee, will be stepping down from his role but will stay on with Kontoor through June in order to ensure a smooth transition to the new operating structure.
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PHR | Hot Stocks06:52 EDT Phreesia names Jack Callahan as new Chief Technology Officer - Phreesia has named Jack Callahan as the company's new Chief Technology Officer. Callahan previously served as Phreesia's Vice President of Engineering and has been with the company for 14 years. He succeeds Dan Nathan, who has been with the company for 17 years and played an integral role in establishing Phreesia's technical capabilities. Nathan will remain with the company as Senior Engineering Advisor.
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IFF | Hot Stocks06:51 EDT IFF to sell Pharma Solutions business to Roquette for $2.85B - IFF announced that it has entered into a definitive agreement to sell its Pharma Solutions business unit to French leader of plant-based ingredients Roquette for an enterprise value of up to $2.85B, which represents an enterprise value to EBITDA multiple of approximately 13x. IFF's Pharma Solutions business is a well-established developer and manufacturer of pharmaceutical excipients and includes its Global Specialty Solutions business supporting industrial and methyl cellulosic food applications. The Pharma Solutions business being sold to Roquette is primarily made up of businesses within IFF's existing Pharma Solutions division, with some adjustments to the perimeter of the transaction designed to align customers, businesses and the manufacturing footprint. Pharma Solutions operates 10 research and development and/or production sites globally, with approximately 1100 employees, and generated approximately $1B revenue in 2023. IFF and Roquette expect to close the transaction in the first half of 2025, subject to applicable information and/or consultation requirements and customary closing conditions, including regulatory approvals.
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RDDT NOK | Hot Stocks06:36 EDT Reddit to evaulate Nokia's patent infingement claims - In a regulatory filing, Reddit (RDDT) said Nokia (NOK) sent the company a letter indicating they believed that Reddit infringes certain of their patents. "We will evaluate their claims," Reddit said in the filing."
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BV | Hot Stocks06:33 EDT BrightView partners with Red Wing Shoes - BrightView announced a strategic partnership with Red Wing Shoes to help equip over 18,000 team members with high-quality footwear that seeks to address the environmental hazards on the job site. This new program reflects BrightView's unwavering investment in its team's safety and well-being. With this partnership, over 18,000 BrightView crew and field team members will have access to footwear that meets the highest PPE standards of safety and performance.
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MTRX | Hot Stocks06:33 EDT Matrix Service enters strategic relationship with Geldof for EPC solutions - Matrix Service's subsidiary Matrix PDM Engineering has signed a Memorandum of Understanding with Engicon nv Geldof, headquartered in Harelbeke, Belgium, allowing the team to jointly provide total Engineering, Procurement, and Construction - EPC - solutions for ammonia storage across Europe. Engicon nv has expertise in the field of cold tank storage solutions and executing ammonia storage projects for the European chemical and fertilizer industry.
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CNTG TAK | Hot Stocks06:32 EDT Centogene extends partnership with Takeda - Centogene (CNTG) announced the extension of an ongoing partnership with Takeda (TAK) to diagnose patients with Lysosomal Storage Disorders. Under the renewed agreement, Centogene will continue to provide Takeda with access to diagnostic testing for patients around the world. The agreement was established to enhance patient access to rapid and reliable diagnostics for LSDs, including Fabry disease, Gaucher disease, and Hunter syndrome.
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SFM | Hot Stocks06:08 EDT Sprouts Farmers Market signs nine new NIL deals with female athletes - Sprouts Farmers Market announced nine new individual Name, Image and Likeness - NIL - deals with female athletes from schools in Sprouts communities across the country. To date, Sprouts has executed more than 150 female athlete deals through NIL partnerships as a supporter of women's sports. The 9 new Sprouts female athlete sponsorships are Cameron Brink, Basketball; Hailey Merchant, Gymnastics; Jordan Bowers, Gymnastics; Lauren Gustin, Basketball; Logan Cole, Softball; Sanaa Hebron, Track & Field; Brooke Donabedian, Gymnastics; Sarah Sylvester, Basketball and Volleyball; Alyssa Washington, Softball.
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HUYA | Hot Stocks06:07 EDT Huya declares special cash dividend of 66c per share - The board of directors of the company has declared a special cash dividend of 66c per ordinary share, or 66c per ADS, to holders of ordinary shares and holders of ADSs of record as of the close of business on May 10, payable in U.S. dollars. The ex-dividend date will be May 9. The total amount of cash to be distributed for the dividend is expected to be approximately $150M, which will be funded by surplus cash on the company's balance sheet. The payment date for holders of ordinary shares and holders of ADSs is expected to be on or around May 24. The dividend to be paid to the company's ADS holders through the depositary bank will be subject to the terms of the deposit agreement.
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TPC | Hot Stocks06:06 EDT Tutor Perini unit apparent low bidder for $136M project - Tutor Perini announced that its subsidiary, Lunda Construction Company, has been recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136M. The project is located on I-64, east of US-1 near Grayville, Illinois. The project crosses the Wabash River, which divides the roadway jurisdiction between White County, Illinois, west of the river, and Posey County, Indiana, east of the river. The improvement is a total of 8,339 feet (1.58 miles) along I-64. The project scope of work includes replacement of the existing dual bridges over the Wabash River, as well as roadway improvements to connect the existing I-64 roadway to the new bridge structures. Contract award is anticipated in the second quarter of 2024 and work is subsequently expected to begin in the third quarter of 2024, with substantial completion anticipated in the fourth quarter of 2029.
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CRNX | Hot Stocks06:04 EDT Crinetics' paltusotine in acromegaly meets all Phase 3 study endpoints - Crinetics Pharmaceuticals announced positive topline results from PATHFNDR-2, the second of two Phase 3 studies evaluating the efficacy and safety of oral, once-daily investigational paltusotine for the treatment of acromegaly, a serious rare disease generally caused by a pituitary adenoma, a benign tumor in the pituitary that secretes growth hormone. PATHFNDR-2 was a 24-week treatment period followed by an optional open-label extension study evaluating paltusotine in 111 participants with acromegaly who were not pharmacologically treated. The study met statistical significance on the primary endpoint, based on the proportion of participants taking paltusotine (56%) who achieved an insulin-like growth factor 1 level less than or equal to 1.0 times the upper limit of normal vs. those taking placebo. All secondary endpoints also met statistical significance. In PATHFNDR-2, paltusotine was generally well-tolerated and no serious adverse events were reported in participants treated with paltusotine. The PATHFNDR Program consists of two Phase 3 double-blind, placebo-controlled studies. Crinetics believes these studies could support registration of paltusotine in the United States and Europe for all acromegaly patients who require pharmacotherapy, including untreated patients and those switching from standard of care.
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BEEM | Hot Stocks06:04 EDT Beam Global granted U.S. patent for wireless charging technology - Beam Global has been granted another new patent by the United States Patent Office that covers the company's wireless charging technology, with the patent title Self-Contained Renewable Inductive Battery Charger. The U.S. Patent Office granted Patent No. US 11,912,144 B2 for Beam Global's wireless/inductive EV ARC that will have the capability of charging EVs wirelessly without the requirement to plug in a charging cable. The new product will be equipped with a wireless power transmitter which delivers electrical energy to charge the EV's batteries through the air and is installed in the engineered ballast and traction pad of the EV ARC system. EV ARC products are ideal infrastructure solutions for inductive or wireless charging because the transmitters can be integrated into the product rather than requiring further disruptive construction and electrical work when installing a similar grid-tied transmitter into a parking space.
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JOBY | Hot Stocks05:37 EDT Joby Aviation to deliver two aircraft to MacDill Air Force Base in 2025 - Joby Aviation announced it will deliver two aircraft to MacDill Air Force Base, or AFB, in 2025 as part of the company's AFWERX Agility Prime contract with the U.S. Air Force. MacDill AFB is home to the U.S. Special Operations Command, or USSOCOM, U.S. Central Command, and units from the Air Mobility Command, along with numerous logistics-oriented units. Personnel will test and train with the aircraft based at MacDill AFB, on base and in the surrounding area. Joby delivered its first aircraft to Edwards Air Force Base in California in September 2023, with a second aircraft expected to be placed on the base this year. At Edwards, the Joby team is working closely with the 412th Test Wing on testing and experimentation that will inform future operational testing at MacDill AFB in Tampa, Florida. Joby's Agility Prime contract includes the provisioning of up to nine aircraft total to the U.S. Air Force and other federal agencies. In 2020, Joby became the first eVTOL developer to receive military airworthiness approval for its pre-production prototype aircraft.
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BHAT | Hot Stocks05:35 EDT Blue Hat Interactive to refocus into AI financial services - Blue Hat Interactive announced its shift into AI financial services. Deanna Liu, executive director of Golden Strategy, a wholly-owned subsidiary of BHAT, stated that this strategy is a proactive response to the growth in artificial intelligence technology and the evolving market dynamics. BHAT said its strategic shift is not merely a pursuit of new technology but is based on an understanding of the trends in AI technology development, and also the full utilization of BHAT's market resources and technological migration capabilities. Deanna Liu stated, "We believe that the development of AI technology can be divided into three stages: infrastructure construction, the potential for revenue increase, and productivity enhancement. Since 2023, BHAT has undergone comprehensive restructuring, with AI finance being the new focus, responding to the tremendous change brought about by AI in the financial sector." The company said there has been great interest from financial enterprises regarding AI technology applications and BHAT's ability to transition to AI financial services and what that will do for their bottom line.
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CTSH NVDA | Hot Stocks05:26 EDT Cognizant to apply generative AI to drug discovery with Nvidia BioNeMo - Cognizant (CTSH) is advancing the application of generative AI technology with the Nvidia (NVDA) BioNeMo platform to solve complex challenges of drug discovery in the life sciences industry, such as improving productivity in the development process and increasing the speed at which new, life-saving treatments can be brought to market. By leveraging gen AI technologies, clinical researchers can rapidly sift through extensive datasets, more accurately predict interactions between drug compounds and create new, viable drug development pathways.
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PRTC | Hot Stocks05:23 EDT PureTech Health announces proposed capital return of $100M - PureTech Health announced a proposed capital return of $100M to its shareholders by way of a tender offer. The capital return of $100M represents approximately 14% of PureTech's market capitalization based on yesterday's closing price. This follows the company's announcement that it will receive approximately $293M gross proceeds from its remaining stake in Karuna. The tender offer will be launched after the publication of the company's FY24 results in April, subject to market conditions, and will require shareholder approval. A circular setting out the full terms of the tender offer and a timetable will be published upon launch. If the full $100M is not returned, then the company intends to return any remainder following the completion of the tender offer, by way of a special dividend.
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FUSN AZN | Hot Stocks05:20 EDT Fusion Pharmaceuticals to be acquired by AstraZeneca in $2.4B transaction - Fusion Pharmaceuticals (FUSN) announced the company has entered into a definitive agreement to be acquired by AstraZeneca (AZN). The acquisition brings new expertise and pioneering R&D, manufacturing and supply chain capabilities in actinium-based RCs to AstraZeneca. Fusion will become a wholly owned subsidiary of AstraZeneca, with operations continuing in Canada and the U.S. Under the terms of the definitive agreement, AstraZeneca, through a subsidiary, will acquire all of Fusion's outstanding shares pursuant to a plan of arrangement for a price of $21.00 per share in cash at closing plus a non-transferable contingent value right, or CVR, of $3.00 per share in cash payable upon the achievement of a specified regulatory milestone. The upfront cash portion of the consideration represents a transaction value of approximately $2B, a 97% premium to Fusion's closing market price of $10.64 on March 18 and an 85% premium to the 30-day volume-weighted average price, or VWAP, of $11.37 before this announcement. Combined, the upfront and maximum potential contingent value payments represent, if achieved, a transaction value of approximately $2.4B, a 126% premium to Fusion's closing market price on March 18 and a 111% premium to the 30-day VWAP. As part of the transaction, AstraZeneca will acquire the cash, cash equivalents and short-term investments on Fusion's balance sheet, which totaled $234M as of December 31, 2023. The proposed acquisition of Fusion is to be completed by way of a statutory plan of arrangement under the Canada Business Corporations Act and subject to customary closing conditions, including approval of 66 2/3% of the votes cast by Fusion shareholders and a simple majority of the votes cast by Fusion shareholders, in each case, at a special meeting of Fusion shareholders. The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions, including the approval of Fusion shareholders and regulatory clearances, as noted above.
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UL | Hot Stocks05:18 EDT Unilever announces plan to separate Ice Cream unit - Unilever announced steps to accelerate its "Growth Action Plan" through the separation of Ice Cream and the launch of a productivity program. The board believes Unilever "should be increasingly focused on a portfolio of unmissably superior brands with strong positions in highly attractive categories that have complementary operating models. Ice Cream has a "very different operating model," and as a result the board has decided that the separation of Ice Cream "best serves the future growth of both Ice Cream and Unilever." Following separation, Unilever "will become a simpler, more focused company, operating four Business Groups across Beauty & Wellbeing, Personal Care, Home Care and Nutrition," the company said in a statement. In addition, Unilever said it will continue to optimize its portfolio within the four business groups towards higher growth spaces and through brands with global reach or significant potential to scale.
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