Stockwinners Market Radar for April 09, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BEN | Hot Stocks21:11 EDT Franklin Resources reports March AUM $1.64T - The company states: "Franklin Resources reported preliminary month-end assets under management of $1.64 trillion at March 31, 2024, compared to $1.62 trillion at February 29, 2024. This month's increase in AUM reflected the impact of positive markets and long-term net inflows inclusive of $8.1 billion related to Great-West Lifeco. For the quarter ended March 31, 2024, AUM reflected the positive impact of markets and long-term net inflows of $6.9 billion inclusive of $13.6 billion related to Great-West Lifeco, partially offset by a fixed income institutional client redemption of $2.0 billion."
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NTES MSFT | Hot Stocks21:10 EDT Blizzard Entertainment, NetEase renew publishing agreement - The company states: "Video game titles from Blizzard Entertainment will return to the market sequentially, beginning this summer, under a renewed publishing deal Blizzard Entertainment, Microsoft (MSFT) Gaming, and NetEase (NTES) announced today. After continuing discussions over the past year, both Blizzard Entertainment and NetEase are thrilled to align on a path forward to once again support players in mainland China and are proud to reaffirm their commitment to delivering exceptional gaming experiences. The renewed publishing agreement will encompass games Chinese players had access to under the previous agreement: World of Warcraft(R), Hearthstone(R), and other titles in the Warcraft(R), Overwatch(R), Diablo(R), and StarCraft(R) universes. Building upon more than 15 years of past collaboration, Blizzard and NetEase are working diligently on relaunch plans, with further details to be shared at a later date."
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GATO | Hot Stocks20:03 EDT Gatos Silver reports Q1 silver production 3.2K tonnes - The company stated: "Mill throughput averaged 3,210 tonnes per day during the first quarter of 2024, which was the fifth consecutive quarterly increase, and was 11% higher than the first quarter of 2023. In March, mill throughput averaged 3,360 tonnes per day which was the best monthly performance on record. Silver equivalent1 production for the first quarter of 2024 was 3.70 million ounces, similar to the first quarter of 2023 and tracking to the top end of the previously disclosed 2024 guidance range of 13.5 million ounces to 15.0 million ounces. Higher than anticipated silver grades, combined with the mill throughput rates noted above, contributed to the strong production level compared with guidance for the first quarter of 2024. Silver production in the first quarter of 2024 was 2.37 million ounces, 2% lower than the first quarter of 2023. Zinc, lead and gold production increased by 13%, 7% and 1% respectively, compared with the first quarter of 2023." CEO Dale Andres says: "The CLG mine delivered another strong quarter of operational results. Mill throughput for the quarter was more than 3,200 tonnes per day, an increase of 11% from the first quarter of 2023, and another quarterly record. Silver equivalent production for the quarter was at the top end of guidance with the higher throughput offsetting lower grades for silver, lead and gold as expected in the mine plan. We made good progress on mine debottlenecking and productivity improvements as we continue to advance towards our medium-term target to sustain throughput rates of 3,500 tonnes per day. We are also progressing our life extension opportunities beyond 2030, with an updated life of mine plan expected in the third quarter of 2024 and increased exploration efforts on near mine targets in the Los Gatos district during the quarter."
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ITRI | Hot Stocks20:01 EDT Itron selected by BREB in supporting construction more resilient grid - The company stated: "Itron announced that Bangladesh Rural Electrification Board, or BREB, a government organization and the largest power distributor in Bangladesh, has selected Itron to provide its Advanced Metering Infrastructure solution as the foundational technology to build a more resilient grid. This project supports a sustainable future in Bangladesh by helping to modernize BREB's distribution system. Included, BREB can empower its customers through greater visibility and control over their energy usage. Working together with Itron channel partner SQ Wire and Cable Co. Limited, BREB will install 500,000 smart pre-payment metering devices with Itron network interface cards, enabling automated meter reading, improved billing accuracy and reduced system losses. Additionally, its customers will benefit from time-of-use tariffs and detailed energy usage information accessed through a web portal, promoting smarter energy consumption, sustainability and cost savings."
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NUTX | Hot Stocks19:50 EDT Nutex Health Inc trading halted, news pending
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TCON | Hot Stocks19:50 EDT TRACON Pharmaceuticals trading halted, news pending
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ELF... | Hot Stocks18:21 EDT e.l.f. Beauty CEO: Our value proposition continues to propel our growth - In an interview on CNBC's Mad Money, Tarang Amin said business is great and e.l.f. continues to acquire customers. He is "quite bullish" on the company's prospects. e.l.f has been the most productive brand at Target (TGT) and Ulta Beauty (ULTA), he added. It accounted for 23% of Target's category sales. Innovation is a "real area of strength" for the company, he noted.
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MSFT | Hot Stocks17:46 EDT Microsoft to invest $2.9B in AI, cloud infrastructure in Japan - Microsoft announced it will invest $2.9B over the next two years to increase its hyperscale cloud computing and AI infrastructure in Japan. It will also expand its digital skilling programs with the goal of providing AI skilling to more than 3M people over the next three years, open its first Microsoft Research Asia lab in Japan, and deepen its cybersecurity collaboration with the Government of Japan. "These investments aim to support Japan's key pillar to tackle deflation and stimulate the economy by expanding the infrastructure, skilled talent, and security required to accelerate Japan's digital transformation and adoption of AI," the company said. "The announcement coincides with Japanese Prime Minister Fumio Kishida's state visit to the United States, where he was joined by Microsoft Vice Chair and President Brad Smith, and Microsoft Japan President Miki Tsusaka." Reference Link
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GOOG... | Hot Stocks17:43 EDT YouTube debuts Shopping Collections helping creators to curate - YouTube (GOOG) announced earlier on Tuesday, that it will be debuting new shopping features and "more updates so viewers can shop for new favorites"... Aditya Dhanrajani, Director of Product Management at YouTube shopping, blogged, in part, earlier on Tuesday: YouTube is launching... "Shopping Collections, "a new way for creators to curate products from their favorite brands, or even their own line! Pick a selection of products for any theme from your current everyday makeup look to the ultimate capsule wardrobe..Additionally the company said, it will be "launching a new Affiliate Hub directly in the YouTube app so creators can find the latest list of Shopping partners, competitive commission rates, promo codes, and even request samples from top brands."..."Finally, we're adding Fourthwall to our growing list of integrated platforms to make it easier for creators to create and manage their stories directly in YouTube Studio," said the video sharing website. Other platforms with online shopping include Amazon.com (AMZN), Shopify (SHOP), and Etsy (ETSY). Reference Link
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ALXO | Hot Stocks17:33 EDT ALX Oncology reports clinical data from Phase 1/2 trial of evorpacept - ALX Oncology Holdings reported encouraging clinical data from the ongoing Phase 1/2 investigator-sponsored trial, or IST, of evorpacept in combination with R2 in patients with indolent and aggressive R/R B-NHL. The new data were presented in an oral presentation at the 2024 American Association for Cancer Research Annual Meeting. The clinical trial enrolled a total of 20 patients with indolent and aggressive R/R B-NHL where all patients had received prior rituximab and 72% had received prior chemoimmunotherapy. Patients received evorpacept 30 mg/kg Q2W or 60 mg/kg Q4W in combination with standard R2 treatment. The regimen was well tolerated, and there were no dose-limiting toxicities. The maximum administered dose for evorpacept was 60 mg/kg Q4W. The most common adverse events due to any cause were fatigue, ALT increase, anemia, and AST increase, all of which were mostly low grade. There were no reported treatment-related deaths on study. Patients with indolent R/R B-NHL had a best ORR of 94% and a CRR of 83%. The median duration of response was not reached. The AUGMENT Phase 3 clinical trial1, a benchmark study in a similar patient population, reported an ORR of 78% and a CRR of 34% with R2 alone.
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LMT | Hot Stocks17:17 EDT Lockheed Martin awarded $181M U.S. Navy contract modification - Lockheed Martin is awarded a not-to-exceed $181,000,000 firm-fixed-price, undefinitized modification to a previously awarded indefinite-delivery/indefinite-quantity contract. This modification adds scope to procure ancillary mission equipment in support of meeting Lot 17 Group Two requirements, a subset of the overall Lot 17 AME requirements for the F-35 Joint Strike Fighter program in support of the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and F-35 Cooperative Program Partners.
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WOOF | Hot Stocks17:11 EDT Petco board terminates Chief Customer Officer Darren MacDonald - In a regulatory filing, the company stated: "On April 4, 2024, the Board of Directors of Petco Health and Wellness Company, Inc. approved the termination of employment of Darren MacDonald, the Company's Chief Customer Officer, effective as of April 12, 2024, which constitutes a termination of Mr. MacDonald's employment without cause under the Company's Executive Severance Plan. Subject to his execution of a release of claims, Mr. MacDonald will be eligible for the separation benefits set forth under the Company's Executive Severance Plan and his outstanding award agreements."
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VIAO | Hot Stocks17:01 EDT VIA Optronics to voluntarily delist its ADSs from the NYSE - VIA optronics announced its intention to voluntarily delist its American Depository Shares, or ADSs, from the NYSE and terminate its registration with the SEC. The Company today notified the NYSE of its intent to voluntarily delist its ADSs from the NYSE, pursuant to a resolution adopted by its Supervisory Board today. The Company believes that delisting and deregistration of the ADSs from the U.S. public markets will be more economical for the Company, taking into account the low liquidity of its ADSs and the high costs of maintaining the NYSE listing and SEC registration on an annual basis. The Company further believes that delisting and deregistration, and consequently the suspension of its SEC reporting obligations, will allow the Company to allocate resources more efficiently to execute its current business strategy by enabling its management and employees to focus more on managing the Company's businesses and strengthening relationships with customers and business partners.
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FRST | Hot Stocks17:01 EDT Primis Financial announces notification of delinquency with Nasdaq - On April 4, 2024, Primis Financial Corp. received a letter from The NASDAQ Stock Market LLC indicating that, as a result of not having timely filed its Annual Report on Form 10-K for the year ended December 31, 2023 with the Securities and Exchange Commission, the company is not in compliance with NASDAQ Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the SEC. As previously disclosed in the Notification of Late Filing on Form 12b-25 filed on March 18, 2024 and Amendment No. 1 filed April 1, 2024, the Company expected to receive the Letter because it had not timely filed the 2023 Form 10-K with the SEC and the Company had determined that it required additional time in connection with the restatement of certain financial statements and ongoing "pre-clearance" process with the Office of the Chief Accountant of the Securities and Exchange Commission.
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NCNA | Hot Stocks16:40 EDT NuCana posters presented at AACR regarding NUC-7738 treatment & tumor growth - NuCana announced two posters being presented at the American Association of Cancer Research AACR Annual Meeting. Title: Exposing the Heterogeneity of the Lipidome in the TME of Cutaneous Melanoma Following Treatment with NUC-7738 in Combination with anti-PD-1 Therapy...The tumor microenvironment or TME, is a complex interplay of various cell types, extracellular matrix, signaling molecules, and physical factors that collectively influence tumor growth. Lipids play an important role in the TME, contributing to various aspects of cancer progression and therapy resistance. A novel methodology, including imaging mass spectrometry, was developed to investigate the spatial relationship between the lipidome and TME using paired biopsies from patients treated with NUC-7738. NUC-7738 was found to increase polyunsaturated fatty acids within the TME, which is indicative of a shift to a less aggressive cancer type, and to decrease monounsaturated fatty acids which are associated with malignant behavior and chemotherapy resistance. In addition, NUC-7738 was shown to reduce lipids associated with protection against cancer cell death and to increase lipids associated with cancer cell death. Multi-modal imaging indicated that this lipid reprogramming is a result of the alteration in enzymes associated with lipid metabolism.
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INAB | Hot Stocks16:34 EDT IN8bio: Data for Gamma-Delta nsCAR-T cell therapy platform presented at AACR - IN8bio announced new preclinical data from its non-signaling gamma-delta T cell based Chimeric Antigen Receptor-T cell, nsCAR, platform, known as INB-300, that demonstrated improved selectivity to target leukemia cells while preserving healthy ones. The data support the potential for nsCAR to have a wider therapeutic window and to be used to prevent on-target off-tumor killing of healthy tissue that may express the CAR-T target. The data was presented in a poster session at the American Association for Cancer Research Annual Meeting 2024 on April 9 ...The new data presented at AACR included results from proprietary constructs targeting CD33 and/or CD123 for in vitro evaluation against various types of leukemia, including acute myeloid leukemia AML and chronic myeloid leukemia . The study results demonstrated notable differences between cells expressing traditional signaling CARs and those expressing the nsCAR constructs, which include a reduction in activation-induced cell death with nsCAR constructs.
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CNC | Hot Stocks16:32 EDT Centene's subsidiary Meridian selected by Michigan Department of Health - Centene announced that its subsidiary, Meridian in Michigan, has been selected by the Michigan Department of Health and Human Services, or MDHHS, to continue to serve as a Medicaid health plan for the Comprehensive Health Care Program, which serves nearly 2M Michiganders statewide. The proposed Medicaid contracts are expected to begin on October 1 and run through September 30, 2029, with three, one-year optional extensions. The rebidding process and priorities for the Medicaid contract in Michigan were driven by feedback from nearly 10,000 stakeholders across the state, including enrollees and family members, healthcare providers, health plans and other community partners, as part of the MIHealthyLife initiative to provide quality, comprehensive healthcare. As a result of feedback from Michiganders, MDHHS required health plans to commit to and invest in key pillars to "create a more equitable, coordinated, and person-centered system of care."
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VCTR | Hot Stocks16:31 EDT Victory Capital reports March AUM $170.3B vs. $164.9B in February - Victory Capital "reported Total Assets Under Management of $170.3B, Other Assets of $5.1B, and Total Client Assets of $175.5B, as of March 31, 2024. For the month of March, Average Total AUM was $167.6B, average Other Assets was $5.3B, and average Total Client Assets was $172.9B."
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APAM | Hot Stocks16:21 EDT Artisan Partners reports preliminary AUM $160.4B as of March 31 - Artisan Partners Asset Management reported that its preliminary assets under management or AUM as of March 31 totaled $160.4B . Artisan Funds and Artisan Global Funds accounted for $77.4B of total firm AUM, while separate accounts and other AUM1 accounted for $83B.
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HEAR | Hot Stocks16:21 EDT Turtle Beach increases buyback authorization to $55M - Turtle Beach "announced its Board of Directors has modified its previously communicated near-term return of capital plan to shareholders, given the overwhelmingly positive reaction to the Company's recent transformational acquisition of Performance Designed Products and the strong underlying trading price of the Company's shares. With today's announcement, the Board of Directors no longer intends to launch the previously announced modified "Dutch auction" Tender Offer to purchase up to $30 million of its common stock at a price per share not less than $13.75 per share and not greater than $15.00 per share. Since the acquisition of PDP and the intent to launch the Tender Offer was announced on March 13, 2024, the average trading price of the Company's shares has surpassed the highest end of the Tender Offer range indicated, with the most recent closing price of the shares 11-21% above the range, and the Board believes the proposed Tender Offer would only receive limited participation. The Board has determined that launching a tender offer estimated to receive only limited participation would not achieve the Company's objectives while at the same time creating significant and unneeded costs for the Company that are not in the best interests of investors. In its continued effort to evaluate capital allocation priorities, the Board has determined that the best course of action to continue to return capital to shareholders is to increase the Company's share repurchase program by $30 million. Under the revised share repurchase authorization, the Company is authorized to acquire up to a total of $55 million of shares of its common stock, including the $8.4 million already acquired under the program, at its discretion from time to time in the open market, or in block purchases or privately negotiated transactions, subject to compliance with the applicable restrictions in the Company's debt agreements. The current balance remaining for the repurchase program, including today's increased authorization, is $46.6 million."
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MRIN MSFT | Hot Stocks16:21 EDT Marin Software enhances Microsoft Advertising integration - Marin Software (MRIN) announced upgrades to its integration with Microsoft Advertising (MSFT). This marks another significant innovation in its leading paid search technology. This enhanced integration connects Microsoft's intelligent Automated Bidding and first-party conversion data with Marin's AI-powered budget optimization. Brands and agencies can use Marin to ensure the optimal level of spend and allocation of marketing funds across Microsoft Advertising campaigns and other search programs. With Marin, brands can seamlessly manage paid ad campaigns for Microsoft Advertising accounts and other publishers, easily setting targets and allocating budgets across publisher accounts. Using Marin's AI-powered Budget Optimization, advertisers no longer need to calculate and manage optimal spend using offline calculations. Microsoft is seeing market share growth from its innovative Copilot. ComScore's October 2023 data revealed a 0.7 point increase in market share for Microsoft search sites, now accounting for over 27% of the Core Search universe in the US, supported by the adoption of AI-driven search - Copilot. Brands looking to capitalize on this increasing volume need tools to simplify optimization of their accounts, enhancing efficiency and scalability, which Marin Software offers.
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CWT | Hot Stocks16:18 EDT Cal Water secures $83M in additional state funding for past-due balances - With financial impacts of COVID-19 felt by California Water Service, or Cal Water, customers well past the height of the pandemic, Cal Water applied for and has received more than $83M through the California Extended Water and Wastewater Arrearage Payment Program to relieve residential and commercial customers of past-due balances incurred during the pandemic. The Extended Program, administered by the State Water Resources Control Board, enables water suppliers to apply for financial support on behalf of customers. Cal Water first secured more than $20.8M about two years ago through the original Water & Wastewater Arrearage Payment Program for past-due balances incurred by residential and commercial customers between March 4, 2020, and June 15, 2021. Through the Extended Program, past-due debt incurred between June 16, 2021, and December 31, 2022, became eligible.
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IVZ | Hot Stocks16:17 EDT Invesco reports preliminary AUM $1.66T as of March 31 - An increase of 2.0% versus previous month-end. The firm delivered net long-term inflows of $2.8B in the month. Non-management fee earning net inflows were $1.8B and money market net outflows were $1.5B. AUM was positively impacted by favorable market returns which increased AUM by $29B. FX movements in the month reduced AUM by $1.1B which was partially offset by reinvested distributions of $0.9B. Preliminary average total AUM for the quarter through March 31 were $1.613T, and preliminary average active AUM for the quarter through March 31 were $981B.
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IPI | Hot Stocks16:16 EDT Intrepid Potash announces accident involving CEO Bob Jornayvaz - Intrepid Potash announced that on Saturday, April 6, 2024, Bob Jornayvaz was involved in an accident while playing in the U.S. Open Polo Championship and is currently receiving treatment. The company said it would provide updates as more information becomes available.
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PG | Hot Stocks16:16 EDT Procter & Gamble raises quarterly dividend by 7% to $1.01 per share - The dividend is payable on or after May 15, 2024 to Common Stock shareowners of record at the close of business on April 19, 2024.
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RICK | Hot Stocks16:15 EDT RCI Hospitality repurchased 27,265 common shares for $1.5M in Q2 - RCI Hospitality Holdings anticipates the closing in April of a $20.0M, 8.25% fixed rate, 10-year commercial bank loan, with a 20-year amortization schedule. The loan, expected to be secured by nine real estate properties appraised at $31.6M, would provide additional funds for working capital, at favorable commercial bank rates and terms. During Q2, RCI repurchased 27,265 common shares for $1.5M or an average of $56.12 per share, bringing the 6M24 total to 65,219 repurchased shares for $3.6M or an average of $55.23 per share. RCI had $13.0M in remaining repurchase authorization at March 31.
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TRNO | Hot Stocks16:13 EDT Terreno Realty reports March-end portfolio occupancy 96.2% vs. 98.3% last year - As of March 31, 2024, Terreno Realty "owned 258 buildings aggregating approximately 15.8 million square feet and 45 improved land parcels consisting of approximately 152.4 acres: The operating portfolio was 96.2% leased at March 31, 2024 to 572 tenants as compared to 98.5% at December 31, 2023 and 98.1% at March 31, 2023. Occupancy at March 31, 2024 declined primarily due to 123,000 square feet of vacancy (approximately 80bps) at our 620 Division property in Elizabeth, New Jersey, 69,000 square feet of vacancy at our West Avenue 140th property in San Leandro, California, and 40,000 square feet of acquired vacancy of which 16,000 square feet was subsequently leased with a May 2024 commencement date; The same-store portfolio of approximately 14.7 million square feet was 96.2% leased at March 31, 2024 as compared to 98.4% at December 31, 2023 and 98.3% at March 31, 2023."
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RICK | Hot Stocks16:12 EDT RCI Hospitality reports Q2 sales for Nightclubs and Bombshells up 1.3% - RCI Hospitality Holdings reported sales for its Nightclubs and Bombshells restaurants for the Q2 of $71.7M, an increase of 1.3% or $900,000 compared to the year-ago period. Sales do not include non-core operations and are subject to final closing. Full Q2 financial results are expected by May 9. Eric Langan, President & CEO of RCI, said: "During 2Q24, increases in sales from last year's acquisitions and new locations more than offset year-over-year declines in same-store sales and from clubs in transition. While we continue to work at improving SSS, we have made noticeable progress with our development schedule, acquisitions, capital management, and share buybacks." Nightclubs sales totaled $59.0M, an increase of 4.2% or $2.4M year-over-year. Q2 reflected increases of $7.4M from acquisitions not in SSS. 2Q24 also reflected declines of 5.7% or $2.9M in SSS and of $2.1M from clubs reopened, reformatted or closed during or prior to the quarter. Sales totaled $12.8M, a decline of 10.4% or $1.5M year-over-year. Q2 reflected increases of $1.2M from locations not in SSS: Cherry Creek Food Hall in Greenwood Village with its Bombshells Kitchen, Bombshells San Antonio, and Bombshells Stafford. Q2 also reflected declines of 20.5% or $2.7M in SSS. Bombshells didn't start implementing previously announced management and marketing changes and cost cutting until mid-February 2024.
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PRCH | Hot Stocks16:11 EDT Porch Group announces enhancements, price increases in inspection software - The company states: "Porch Group announced product enhancements and price increases in its inspection software business. Inspection Support Network is a market-leading SaaS solution for inspectors with easy-to-use tools. Along with other Porch inspection brands, together they processed approximately 40% of all U.S. home inspections in 2023. Related to these new product launches, in the first quarter of 2024 ISN increased its minimum monthly fee and increased transaction fees by approximately 20%."
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ILMN | Hot Stocks16:11 EDT Illumina names Jakob Wedel as Chief Strategy and Corporate Development Officer - Jakob Wedel has been named Chief Strategy and Corporate Development Officer. Wedel joined Illumina in November 2023 as CEO Chief of Staff, leading strategic transformation initiatives. In his new role, Wedel is responsible for driving Illumina's strategic planning, partnerships, and acquisitions. Previously, Wedel was partner at EY's strategy practice, co-leading their global life science practice, and served in roles at McKinsey & Company and Bain & Company. In the early 2000s, Wedel co-founded the Nordic strategy firm QVARTZ, which was later acquired by Bain.
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GTLS | Hot Stocks16:11 EDT Moody's changes Chart Industries outlook to 'Positive' - Chart Industries announces that Moody's Ratings has changed the outlook on Chart's credit ratings from "Stable" to "Positive". Moody's affirmed Chart's corporate family rating of "B1", senior unsecured rating of "B3", senior secured notes rating of "Ba3" and senior secured bank credit facilities rating of "Ba3". At the same time, Chart's speculative grade liquidity rating was upgraded to SGL-2 and credit impact score was upgraded to CIS-3. These ratings actions reflect Chart's strong backlog, outperformance of commercial and cost synergy targets associated with the Howden acquisition, and progress in deleveraging towards its 2.0X to 2.5X net leverage target as well as secular market tailwinds. "This ratings action demonstrates continued strength in our business," stated Jill Evanko, Chart's CEO and President. "We are committed to our financial policy of deleveraging and will not do any material cash acquisitions or share repurchases until we are in our target net leverage range of 2.0X to 2.5X."
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SKIN | Hot Stocks16:10 EDT Beauty Health names Sheri Lewis chief supply chain and operations officer - The Beauty Health Company announced that it has appointed Sheri Lewis as Chief Supply Chain and Operations Officer, effective immediately. Lewis will report to BeautyHealth's President and Chief Executive Officer, Marla Beck. "Sheri is a talented and deeply experienced executive who brings decades of valuable global operations expertise to BeautyHealth as we chart the future of the Company," said Marla Beck, BeautyHealth President and Chief Executive Officer. "The Board of Directors and I are confident that her deep industry experience across global supply chain and operations will play a critical role in advancing our strategic objectives with the goal of further enhancing shareholder value." Before joining BeautyHealth, Ms. Lewis established herself as an industry leader in the areas of global supply chain and manufacturing operations. Most recently, Ms. Lewis was the EVP of global supply chain operations at Avantor, Inc., where she served on the executive committee and led the company's global integrated supply chain strategy and operational performance with oversight of over 3,500 associates.
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HXL | Hot Stocks16:09 EDT Hexcel names Tom Gentile president, CEO - Hexcel Corporation announced that following a comprehensive succession process, its Board of Directors has appointed Thomas C. Gentile III as Chief Executive Officer & President of Hexcel Corporation, effective May 1. He also is expected to be appointed to the Board of Directors following the annual shareholder meeting on May 2. He will succeed Chairman, CEO & President Nick Stanage who worked closely with the Board on his desire to retire at the end of the year. Mr. Stanage will become Executive Chairman of the Board to ensure a smooth and successful transition until his retirement on December 31, 2024. Stanage said, "Today, Hexcel is well positioned with the right strategy, an incredibly talented team and a clear roadmap to continue driving innovation across our differentiated portfolio while delivering sustainable, long-term growth for shareholders. I am confident that this is the right time to transition to a new leader who will continue propelling the business forward and executing against our financial targets. With his significant leadership and aerospace industry experience and composites knowledge, Tom is ideally suited to lead Hexcel into the future. I look forward to working closely with him in my role as Executive Chairman to ensure a seamless transition."
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VRTS | Hot Stocks16:09 EDT Virtus Investment reports March-end AUM $179.3B - Virtus Investment Partners "reported preliminary assets under management of $179.3 billion as of March 31, 2024. The increase from December 31, 2023 primarily reflects market performance and net inflows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds. In addition, the company provided services to $2.7 billion of other fee-earning assets, which are not included in assets under management."
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MURA | Hot Stocks16:09 EDT Mural Oncology data for IL-18 and IL-12 programs presented at AACR - Mural Oncology shared poster presentations with pre-clinical data from its Interleukin-18, IL-18 and IL-12 programs at the American Association for Cancer Research AAC annual meeting taking place April 5-10 in San Diego, California. This is the first time Mural has shared findings from either program. The details for the presentations are as follows, and both posters are available at https://www.muraloncology.com/publications/. Interleukin-18 engineered for resistance to IL-18 binding protein, IL-18BP, and half-life extension to enhance its therapeutic potential...IL-18 is a potent immune-stimulating cytokine, but it is limited by IL-18 binding protein - a secreted high affinity decoy receptor that binds with, and neutralizes, IL-18, thus limiting its efficacy over time. Mural's protein engineering approach is twofold: first, it introduces mutations to IL-18 that are designed to minimally impact the structure while eliminating binding to IL-18BP. Secondly, it fuses IL-18 to protein scaffolds to extend the half-life and increase the cytokine's exposure. The company believes the half-life enhancement may lead to a more durable immunological effect, as demonstrated by the interferon gamma and Th1 response, proinflammatory reactions necessary for the body's immune response.
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ILMN SMMT | Hot Stocks16:09 EDT Illumina names Ankur Dhingra as CFO, succeeding Joydeep Goswami - Illumina (ILMN) announced that CFO Joydeep Goswami has decided to leave Illumina. He will stay on in an advisory role through June 30 to support two new executive management team appointments. Ankur Dhingra is joining Illumina as CFO, leading Illumina's financial planning and analysis, accounting, investor relations, internal audit, tax, and treasury functions. Dhingra brings a breadth of experience from the life sciences tools, diagnostics, and pharmaceutical industries. He formerly was CFO at Summit Therapeutics (SMMT).
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FUSN | Hot Stocks16:08 EDT Fusion announces presentation of data from Phase 2 TATCIST clinical trial - Fusion Pharmaceuticals announced the presentation of interim efficacy and safety data from the Phase 2 TATCIST open-label clinical trial evaluating FPI-2265, at the American Association for Cancer Research, or AACR, Annual Meeting 2024 being held April 5-10 in San Diego, California. Results demonstrate that FPI-2265 is active in heavily pretreated patients with progressive metastatic castrate-resistant prostate cancer, mCRPC, including patients who received prior lutetium-based RCs. Safety, tolerability and clinical activity data were generally consistent with other published studies of small molecule-based 225Ac-PSMA RCs. The results are being presented at the AACR 2024 Annual Meeting in a poster presentation titled, "Preliminary efficacy and safety results from the TATCIST trial: A PSMA-directed targeted alpha therapy with FPI-2265 for the treatment of metastatic castration-resistant prostate cancer (mCRPC)." As of the March 1 data cutoff, 35 patients received at least one dose of FPI-2265, with 25 patients having at least 12 weeks of follow-up. The analysis included 25 patients for safety evaluation and 20 patients for assessing prostate-specific antigen, or PSA, response. Four participants were identified as superscan patients and were excluded from the efficacy analyses and reported separately in the safety analysis. One participant was not included in the efficacy analysis due to uninterpretable PSA response. Patients in the study were pretreated with a median of four prior lines of anticancer therapy, with 20 out of 25 receiving prior chemotherapy, including 10 patients who received at least two prior lines of taxanes. Nine out of 25 patients received a prior 177Lu-based PSMA RC. From the efficacy-evaluable patient population, PSA50 response was achieved in 10 out of 20 patients regardless of prior lutetium treatment. PSA50 was achieved in 61% of lutetium-naive participants and 42% of lutetium-treated participants. In an exploratory subset analysis of 13 patients, including six patients who received prior 177Lu-based PSMA RC treatment, with baseline PSMA Mean Standardized Uptake Value greater than6, PSA50 response was observed in nine patients.
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HNST | Hot Stocks16:08 EDT Honest Company founder Jessica Alba to depart role as Chief Creative Officer - The Honest Company recently reported record quarterly sales and profits for Q4 of 2023, along with an updated long-term growth vision. With this growth vision in place and a strengthened business model, the company's founder Jessica Alba has determined that now is the right time to depart from her role as Chief Creative Officer, allowing her to shift her creative energy to new endeavors. She continues to provide her support and leadership as a member of Honest's board.
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AB | Hot Stocks16:06 EDT AllianceBernstein reports preliminary AUM $759B as of March 31 - AllianceBernstein announced that preliminary assets under management increased to $759B during March 2024 from $746B at the end of February. The 2% increase in month-end AUM was driven by market appreciation, partially offset by net outflows. Excluding a $3B low-fee passive institutional redemption, firm-wide net flows were positive for the month of March, and were positive in each channel.
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CRVS | Hot Stocks16:06 EDT Corvus initiates placebo-controlled phase 1 soquelitinib clinical trial - Corvus Pharmaceuticals announced the initiation of the Company's randomized, double-blind, placebo-controlled Phase 1 clinical trial evaluating soquelitinib in patients with moderate to severe atopic dermatitis. The trial is expected to enroll 64 patients at 12 sites in the United States, with the potential for initial clinical data before year-end 2024. "The initiation of our Phase 1 atopic dermatitis trial is an important step towards unlocking the broad potential of ITK inhibition for immune diseases," said Richard A. Miller, M.D., co-founder, president and chief executive officer of Corvus. "Soquelitinib has the potential to improve the treatment landscape for atopic dermatitis by providing an oral medication designed to block multiple cytokines involved in the inflammatory process, compared to current injectable biologic therapies that only inhibit one or a limited number of cytokines. We look forward to ramping up enrollment with the potential to share initial data from the trial before year-end, while also working to initiate our soquelitinib registrational Phase 3 trial for PTCL."
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HNST | Hot Stocks16:06 EDT Honest Company affirms FY24 revenue and adusted EBITDA outlook - As part of the 8-K filing declining resignation of CCO Jessica Warren, the company also stated: "On April 9, 2024, the Company issued a press release announcing Ms. Warren's departure. In this press release, the Company also re-affirmed the full year revenue and adjusted EBITDA outlook communicated in its March 6, 2024 fourth quarter earnings release."
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MDGS XYLO | Hot Stocks16:05 EDT Medigus announces corporate rebranding to Xylo Technologies - Medigus announced a corporate rebranding to reflect current focus in innovation technologies. At the heart of this rebranding is a change of the company's name to Xylo Technologies Ltd. to embody its corporate vision and core values. The rebranding includes a new name and an update to the company's corporate logo, as well as a new website. In addition, the company's Nasdaq trading symbols will change to XYLO. The company will begin trading on the Nasdaq Capital Market under its new name "Xylo Technologies Ltd." and new trading symbol "XYLO" upon the opening of the market on April 18.
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HNST | Hot Stocks16:04 EDT Honest Company Chief Creative Officer Jessica Warren to step down - On April 9, 2024, The Honest Company announced that Jessica (Alba) Warren will leave her current role as Chief Creative Officer of the Company effective April 9, 2024. Ms. Warren will remain on the Company's board of directors and will receive director compensation pursuant to the Company's non-employee director compensation policy.
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PSMT | Hot Stocks16:02 EDT PriceSmart announces one-time special dividend of $1.00 per share - The Company has decided to distribute excess cash to stockholders in the form of a special dividend. On April 3, the company's Board of Directors declared a one-time $1.00 per share special dividend payable on April 30 to stockholders of record on April 19.
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PFMT | Hot Stocks16:01 EDT Performant Financial acquires AI technology assets from RecordsOne - The company states: "Performant Financial announced the strategic acquisition of key AI technology assets from RecordsOne, a technology company specializing in natural language processing and advanced domain analytics to enhance cost containment workflows within the healthcare sector."
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VMEO | Hot Stocks15:45 EDT Vimeo strength attributed to mention of rumor in Betaville blog - Shares of Vimeo are up 17c, or nearly 5%, to $3.87, which traders tell The Fly may be linked to a mention of a rumor related to the company by Ben Harrington's Betaville blog.
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GOOG... | Hot Stocks14:14 EDT Google introduces Arm-based Axion Processors - Alphabet's (GOOGL) Google announced Google Axion Processors, the company's first Arm-based (ARM) CPUs designed for the data center. "While our investments in compute accelerators have transformed our customers' capabilities, general-purpose compute is and will remain a critical portion of our customers' workloads," the company said. "Analytics, information retrieval, and ML training and serving all require a huge amount of compute power. Customers and users who wish to maximize performance, reduce infrastructure costs, and meet sustainability goals have found that the rate of CPU improvements has slowed recently. Amdahl's Law suggests that as accelerators continue to improve, general purpose compute will dominate the cost and limit the capability of our infrastructure unless we make commensurate investments to keep up. Axion processors combine Google's silicon expertise with Arm's highest performing CPU cores to deliver instances with up to 30% better performance than the fastest general-purpose Arm-based instances available in the cloud today, up to 50% better performance and up to 60% better energy-efficiency than comparable current-generation x86-based instances1. That's why we've already started deploying Google services like BigTable, Spanner, BigQuery, Blobstore, Pub/Sub, Google Earth Engine, and the YouTube Ads platform on current generation Arm-based servers and plan to deploy and scale these services and more on Axion soon." Reference Link
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INTC... | Hot Stocks14:09 EDT Intel announces enterprise AI with Gaudi 3, AI open systems strategy - At the Intel Vision 2024 customer and partner conference, Intel (INTC) introduced the Intel Gaudi 3 accelerator to bring performance, openness and choice to enterprise generative AI, or GenAI, and unveiled a suite of new open scalable systems, next-gen products and strategic collaborations to accelerate GenAI adoption. With only 10% of enterprises successfully moving GenAI projects into production last year, Intel's latest offerings address the challenges businesses face in scaling AI initiatives. The Intel Gaudi 3 AI accelerator will power AI systems with up to tens of thousands of accelerators connected through the common standard of Ethernet. Intel Gaudi 3 promises 4-times more AI compute for BF16 and a 1.5-times increase in memory bandwidth over its predecessor. In comparison to Nvidia (NVDA) H100, the company said, Intel Gaudi 3 is projected to deliver 50% faster time-to-train on average across Llama models with 7B and 13B parameters, and GPT-3 175B parameter model. Additionally, Intel Gaudi 3 accelerator inference throughput is projected to outperform the H100 by 50% on average1 and 40% for inference power-efficiency averaged2 across Llama 7B and 70B parameters, and Falcon 180B parameter models. Intel Gaudi 3 will be available to OEMs - including Dell Technologies (DELL), HPE (HPE), Lenovo (LNVGY) and Supermicro (SMCI) - in the second quarter of 2024. Intel also outlined its strategy for open scalable AI systems, including hardware, software, frameworks and tools. Intel's approach enables a broad, open ecosystem of AI players to offer solutions that satisfy enterprise-specific GenAI needs. This includes equipment manufacturers, database providers, systems integrators, software and service providers, and others. It also allows enterprises to use the ecosystem partners and solutions that they already know and trust. Additionally, Intel announced collaborations with Google Cloud (GOOGL), Thales and Cohesity to leverage Intel's confidential computing capabilities in their cloud instances. Reference Link
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BTTR | Hot Stocks13:55 EDT Better Choice Company trading resumes
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BTTR | Hot Stocks13:50 EDT Better Choice Company trading halted, volatility trading pause
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GOOG GOOGL | Hot Stocks13:48 EDT Google rolls out Gemini Code Assist - At its Cloud Next conference, Alphabet's Google announced the launch of Gemini Code Assist, which offers AI-powered assistance to help development teams build, deploy, and operate applications throughout the software development lifecycle. Code Assist provides assisted development in a user's IDE and assisted troubleshooting in the Google Cloud console, and uses large language models that are developed by Google. Reference Link
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HII | Hot Stocks13:32 EDT HII awarded $74M contract to support U.S. Navy vertical launch systems - HII announced that its Mission Technologies division was awarded a $74M contract to research, analyze and develop enhanced capabilities for the Mk 41 and Mk 57 vertical launching systems onboard U.S. Navy surface ships. The task order, administered by the Naval Surface Warfare Center Port Hueneme Division, also applies to associated naval surface weapon systems, combat systems and sensors employed within the Navy. HII's statement of work includes outfitting the first Zumwalt-class destroyer with the latest Mk 57 vertical launch system universal canister electronics unit. "We are extremely pleased to continue our support to the U.S. Navy, providing critical research, development, test and evaluation in support of vertical launch systems for NSWC Port Hueneme," said Todd Gentry, president of Mission Technologies' C5ISR business group. HII was awarded the recompeted task order under the Department of Defense's Information Analysis Center Multiple Award Contract vehicle. The task order has a five-year term. Most of the work will be performed in Syracuse, New York, and Arlington, Virginia.
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SRZN | Hot Stocks13:30 EDT Surrozen Inc trading resumes
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SRZN | Hot Stocks13:25 EDT Surrozen Inc trading halted, volatility trading pause
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BCSA | Hot Stocks13:00 EDT Linqto to publicly list through deal with Blockchain Coinvestors Acquisition - Blockchain Coinvestors Acquisition Corp. I, a special purpose acquisition company, and Linqto, Inc., a Delaware corporation, announced they have entered into a definitive business combination agreement, pursuant to which Linqto will become a wholly-owned subsidiary of BCSA. From and after the closing of the transaction, the combined company will operate as Linqto. Pursuant to the transaction, a special purpose vehicle and wholly owned subsidiary of BCSA, will merge with and into Linqto, with Linqto surviving the merger as a wholly owned subsidiary of BCSA. Linqto's current outstanding common equity will be canceled, and its shareholders will receive in exchange newly issued shares of BCSA at an implied enterprise value of approximately $700M, subject to certain adjustments. Prior to the closing of the Transaction, BCSA will change its jurisdiction of incorporation from the Cayman Islands to Delaware. In connection with the domestication, each outstanding BCSA ordinary share will automatically convert into a share of common stock of the Delaware entity on a one-for-one basis. The special committee and board of directors BCSA and the board of directors of Linqto have both unanimously approved the transaction, which BCSA and Linqto expect to close in the second half of 2024. The Transaction will require the approval of the shareholders of both Linqto and BCSA and is subject to other customary closing conditions identified in the business combination agreement.
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RENT | Hot Stocks12:44 EDT Rent the Runway trading resumes
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RENT | Hot Stocks12:39 EDT Rent the Runway trading halted, volatility trading pause
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BMR | Hot Stocks12:32 EDT Beamr Imaging Ltd trading resumes
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BNAI | Hot Stocks12:17 EDT Brand Engagement Network, Provana partner for business process management - Brand Engagement Network and Provana announced a partnership that will enable BEN's AI assistants to be integrated with Provana's contact center solutions. This strategic partnership aims to optimize compliance and business process management across a variety of industries, including health insurance, personal injury, and credit servicing.
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MDNA | Hot Stocks12:16 EDT Medicenna Therapeutics presents preclinical data on MDNA113 - Medicenna Therapeutics announced new preclinical data on MDNA113, the Company's novel T-MASK candidate, an IL-13Ra2 specific superkine featuring unique masking and tumor targeting characteristics, were presented at the 2024 Annual Meeting of the American Association for Cancer Research held in San Diego, CA, on April 9th, 2024. The Company selected MDNA113, a novel, first-in-class tumor-targeted and tumor-activated bi-functional anti-PD1-IL-2 superkine with high selectivity and affinity for IL-13Ra2, a tumor associated antigen expressed in many aggressive solid tumors. The IL-13 Superkine is a highly specific tumor-targeting/masking domain which is fused via a protease sensitive linker to a bi-functional immunotherapy domain containing an IL-2 Superkine fused to an anti-PD1 antibody. Key findings presented at the conference include: When not activated, MDNA113 shows reduced IL-2R agonism with no change to PD-1/PDL-1 blockade activity. Cleavage and activation of MDNA113 by cancer specific enzymes releases the T-MASK domain, restoring activity of the IL-2 Superkine at the tumor site. MDNA113 shows attenuated systemic lymphocyte expansion compared to non-masked version, consistent with design of MDNA113. MDNA113 is better tolerated than non-masked counterpart, supporting higher and more efficacious dosing schedule. MDNA113 selectively binds IL-13Ra2 positive tumor cells in vitro, and durably accumulates in IL-13Ra2 positive tumors in mice. Cleavable MDNA113 shows similar efficacy as non-masked MDNA223 in mouse tumor models by either localized or systemic delivery, consistent with proteolytic activation within TME. Single neoadjuvant treatment with MDNA113 in a highly invasive orthotopic 4T1.2 breast cancer model significantly increases survival by preventing metastasis. In summary, the T-MASK platform exemplified by MDNA113, facilitates tumor targeting and minimizes systemic toxicity while maximizing therapeutic activity at the tumor site.
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UBSFY... | Hot Stocks12:16 EDT Ubisoft's upcoming game 'Star Wars Outlaws' to release August 30 - Ubisoft (UBSFY) said that its upcoming game "Star Wars Outlaws" will release on Xbox Series X/S (MSFT), PlayStation 5 (SONY), and PC via Ubisoft Connect on August 30 and is currently available for preorder at the Ubisoft Store. Reference Link
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BMR | Hot Stocks12:12 EDT Beamr Imaging Ltd trading halted, volatility trading pause
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CVS | Hot Stocks12:12 EDT Aetna Better Health of Michigan recommended for CHCP contract - Aetna Better Health of Michigan has been recommended by the Michigan Department of Health and Human Services to continue serving Medicaid and CHIP beneficiaries under a new Comprehensive Health Care Program contract.
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CMPX | Hot Stocks12:11 EDT Compass Therapeutics presents data on combination of CTX-009, CTX-471 - Compass Therapeutics presents a poster on the combination of its bispecific antibody, CTX-009, and its agonistic anti-CD137 antibody, CTX-471, on anti-tumor activity in preclinical models at the 2024 American Association for Cancer Research Annual Meeting taking place at the San Diego Convention Center in San Diego, California on April 9. Data highlights from the poster presentation include: The combination of mCTX-009 and mCTX-471 demonstrated superior efficacy in both Checkpoint Inhibitor-sensitive and CPI-refractory models with markedly enhanced anti-tumor activity compared with either monotherapy. Following mCTX-009 and mCTX-471 combination treatment, superior efficacy was observed in MHC Class I negative tumors. Deletion of B2m produced MHC-I null phenotypes in two colorectal cancer cell lines. Tumor elimination was in part mediated by NK cells. These preclinical data suggest that the combination of CTX-009 and CTX-471 could re-establish anti-tumor immunity in patients whose tumors have either downregulated or lost MHC-I expression by way of NK-cell mediated tumor cell killing.
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RAPT | Hot Stocks12:08 EDT Rapt Therapeutics announces results from Phase 2 trial of tivumecirnon - RAPT Therapeutics announced safety and efficacy data from its ongoing Phase 2 trial of tivumecirnon in combination with the anti-PD-1 checkpoint inhibitor pembrolizumab in the cohort of patients with advanced head and neck squamous cell carcinoma whose disease progressed despite previous treatment with CPI therapy. The results were presented at the American Association for Cancer Research Annual Meeting in San Diego, CA. The AACR poster highlighted data from the 32-patient CPI-experienced HNSCC cohort in the trial evaluating tivumecirnon, an oral small molecule CCR4 antagonist designed to block the migration of regulatory T cells, in combination with pembrolizumab. Patients in this cohort had heavily pretreated disease, with 69% of patients having received three or more prior lines of treatment. In the entire cohort, confirmed responses were observed in 5/32 patients regardless of PD-L1 or HPV status. In the 23 patients known to have PD-L1+ disease, an ORR of 17.4% was observed, and in the 18 patients known to have HPV+ disease, an ORR of 22.2% was observed. These findings compare favorably to the expected ORR of anti-PD-1 monotherapy in patients with recurrent or metastatic HNSCC who have progressed on, or relapsed after, previous anti-PD-1 therapy, which is believed to be less than5-10%. These data complement previously reported clinical data for tivumecirnon, which has now been dosed in more than 350 patients with various advanced cancers either as monotherapy or in combination with pembrolizumab. Findings to date have shown the combination treatment to be well tolerated with no signal of increased immune-related toxicity over that expected with pembrolizumab alone.
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IMRX | Hot Stocks12:06 EDT Immuneering presents preclinical data on IMM-1-104 at AACR 2024 - Immuneering Corporation presented preclinical data at the American Association for Cancer Research Annual Meeting, which the company views as supportive of its ongoing Phase 2a clinical trial of IMM-1-104 in RAS-mutated advanced or metastatic solid tumors. In a poster titled, "Activity of IMM-1-104 alone or in combination with chemotherapy in RAS-altered pancreatic cancer models," IMM-1-104, gemcitabine, nab-paclitaxel, and 5-fluorouracil were evaluated in tumor xenograft models alone or across multiple combinations. Results: IMM-1-104 showed promising combination effects when treated with gemcitabine, paclitaxel or fluorouracil in 3D-tumor growth assay pancreatic cancer models. IMM-1-104 was synergistic with chemotherapy in animal models of pancreatic cancer. In a human pancreatic cancer cell line (MIA PaCa-2) tumor xenograft model, IMM-1-104 alone showed greater tumor growth inhibition and better durability than any single or combination chemotherapy tested. At day 39, antitumor activity was 103% for IMM-1-104 at 125 mg/kg BID PO, 25.2% for GEM at 60 mg/kg IP Q4D, 62.2% for PAC at 10 mg/kg IV Q4D, and 36.6% for 5FU at 50 mg/kg IP Q4D. In the Phase 2a portion of Immuneering's ongoing IMM-1-104 Phase 1/2a clinical trial, IMM-1-104 is being evaluated as both monotherapy and in select combinations with approved chemotherapeutic agents. The Phase 2a portion includes five arms, three of which focus on patients with pancreatic cancer. Patients are now on treatment in multiple arms of the ongoing Phase 2a trial, including multiple patients with pancreatic cancer who are being treated with IMM-1-104 in combination with chemotherapy in the first-line setting. The company expects initial data from multiple Phase 2a arms in 2024.
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IOBT | Hot Stocks12:03 EDT IO Biotech presents data on IO102-IO103 vaccine at AACR 24 - IO Biotech shared new data related to the company's lead therapeutic cancer vaccine candidate, IO102-IO103, at the American Association for Cancer Research Annual Meeting 2024, taking place April 5-10, 2024, in San Diego, California. "These data build on earlier studies that demonstrated the mechanism of IO102 and IO103," said Mai-Britt Zocca, Ph.D., President and CEO of IO Biotech. "We now clearly see that used together, IO102-IO103 create an environment in and around the tumor that allow for enhanced anti-tumor activity, at a much greater level than either could do on its own. With this additional data, we further understand the mechanistic rationale for the clinical effect observed in the Phase 1/2 study of IO102-IO103 that we hope to confirm in our ongoing Phase 3 pivotal study." The data presented in the AACR poster are from two different animal tumor models and show that vaccines targeting IDO1 and PD-L1 expressing cells can cooperatively reduce tumor growth with each contributing to the anti-tumor effect through distinct molecular pathways. Where high levels of IDO1 and PD-L1 expression were seen in the tumor microenvironment, the IDO1 vaccine predominantly reduced myeloid-derived immune suppression, while the PD-L1 vaccine enhanced anti-tumor T-effector functions. In contrast, where IDO1 and PD-L1 expression was lower, the IDO1 vaccine resulted in a clear increase in T cell infiltration and activation and the PD-L1 vaccine impacted the myeloid cell compartment. While further studies are needed to fully discern the relationship between IDO1+/PD-L1+ target populations within the TME and the impact of IDO1/PD-L1 targeted vaccination, our data support the use of a dual antigen approach to reduce the immunosuppression and enhance anti-tumor effect.
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ATOS | Hot Stocks12:02 EDT Atossa Therapeutics presents data from 40mg cohort of Phase 2 EVANGELINE trial - Atossa Therapeutics announced promising safety and efficacy data from the Company's Phase 2 EVANGELINE clinical trial. The EVANGELINE study is evaluating (Z)-endoxifen as a neoadjuvant treatment for pre-menopausal women with Grade 1 or 2 Estrogen Receptor positive/ Human Epidermal Growth Factor Receptor 2 negative breast cancer. 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. The data, which is being presented at the American Association for Cancer Research Annual Meeting, is from the 40mg pharmacokinetic run-in cohort of the study. Seven women were enrolled in the cohort and treated daily for 28 days. At 28 days, six of the seven had Ki-67 levels below 10% and stayed on treatment for an additional five months. Per the study protocol, the seventh patient, whose Ki-67 decreased 19% but stayed above 10%, discontinued treatment and had surgery. Among the six patients who were treated for a total of 24-weeks, magnetic resonance imaging central review demonstrated target lesion decreases in all patients with one complete response, one partial response and four stable disease, per Response Evaluation Criteria In Solid Tumors criteria. The average target lesion decrease was 32% at 12 weeks and 37% at 24 weeks with all patients experiencing at least a 15% reduction in target lesion at 24-weeks. Ki-67 for the 40mg cohort patients was reduced from an average of 14.5% at screening to 5.3% at 28 days and 1.2% at 24-weeks. This represents a reduction of 63% at 28 days and 92% at 24 weeks. Ki-67 is a cellular marker for proliferation and indicates how fast the tumor is growing. Less than 10% is considered low and associated with better surgical outcomes and a lower incidence of recurrence. Treatment related toxicities included grade 3 headache, grade 2 amenorrhea and grade 2 hot flashes. There were no grade 4 or 5 treatment related toxicities.
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TBBB | Hot Stocks12:00 EDT BBB Foods falls -6.9% - BBB Foods is down -6.9%, or -$1.58 to $21.41.
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CAVA | Hot Stocks12:00 EDT Cava Group falls -8.1% - Cava Group is down -8.1%, or -$5.28 to $59.66.
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SG | Hot Stocks12:00 EDT Sweetgreen falls -9.8% - Sweetgreen is down -9.8%, or -$2.47 to $22.66.
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XPEV | Hot Stocks12:00 EDT XPeng rises 8.3% - XPeng is up 8.3%, or 61c to $8.00.
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BB | Hot Stocks12:00 EDT BlackBerry rises 10.1% - BlackBerry is up 10.1%, or 29c to $3.17.
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OPFI | Hot Stocks12:00 EDT OppFi rises 22.7% - OppFi is up 22.7%, or 58c to $3.14.
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SUUN | Hot Stocks11:32 EDT SUUN Stock trading resumes
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SUUN | Hot Stocks11:27 EDT SUUN Stock trading halted, volatility trading pause
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BA | Hot Stocks11:03 EDT Boeing reports 83 commercial airplane deliveries in Q1 - Boeing announced major program deliveries across its commercial and defense operations for the first quarter of 2024, including 83 deliveries across its commercial airplanes programs. The company will provide detailed first quarter financial results on April 24, Boeing noted.
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WH | Hot Stocks11:03 EDT Wyndham Hotels & Resorts appoints Scott Strickland as CCO - Wyndham Hotels & Resorts appointed Scott Strickland Chief Commercial Officer reporting to the company's President and CEO, Geoff Ballotti. In this newly created leadership role, Strickland and his team will continue delivering the best value and experiences to Wyndham's owners and guests across its 25 brands through a united commercial organization. As Chief Commercial Officer, Strickland continues his responsibilities for enhancing and implementing Wyndham's technology and distribution strategy and will add oversight of global sales; revenue generation; marketing; communications and the award-winning loyalty program, Wyndham Rewards. With the creation of this new organization, Lisa Checchio, EVP and Chief Marketing Officer, will depart Wyndham Hotels & Resorts.
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NEOG | Hot Stocks10:28 EDT Neogen sees FY24 free cash flow ($75M) vs. prior view of 'about flat' - Comments taken from Q3 earnings conference call.
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TRNS | Hot Stocks10:16 EDT Transcat says Mark Doheny to step down as COO effective immediately - Transcat announced that Mark Doheny will step down as COO of Transcat effective immediately. Doheny will be retained as a consultant to assist with a transition through October 2024. The company announced the promotion and appointment of Mike West, current Senior Vice President of Operations, to replace Doheny. "As we enter the next chapter of Transcat's growth, I believe it is the right time to transition operations leadership," said Lee Rudow, CEO and President.
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VFF | Hot Stocks10:09 EDT Village Farms regains Nasdaq compliance - Village Farms International received formal notice from The Nasdaq Stock Market informing the Company that it has regained compliance with the minimum closing bid price of $1.00 per share listing requirement and the matter is now closed.
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TXT | Hot Stocks10:05 EDT Textron announces enhanced Cessna aircraft enter into service - Textron Aviation announced the entry into service of its enhanced Cessna Skyhawk, Cessna Skylane, Turbo Skylane and Turbo Stationair HD following first deliveries for each aircraft. These latest product investments aim to provide a modern and stylish tone that aligns with the newest Cessna Citation jets, while maintaining the renowned comfort, durability and performance of the iconic Cessna piston lineup.
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SOFI | Hot Stocks10:04 EDT SoFi Technologies partners with professional golfer Wyndham Clark - SoFi announced a multi-year partnership with #4 world-ranked professional golfer and reigning U.S. Open Champion, Wyndham Clark. The partnership between SoFi and the three-time PGA TOUR winner comes ahead of Clark's first appearance at the Masters Tournament at Augusta National later this week.
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SBGI | Hot Stocks10:03 EDT Sinclair Broadcast begins generative AI usage - Sinclair announced the company has taken its first steps into usage of generative artificial intelligence within its original content to reach more audiences globally in their native languages. Sinclair will begin using AI for language translation beginning with "Petko Unfiltered," a Tennis Channel series with network analyst Andrea Petkovic, a former WTA world #9 player. "Petko Unfiltered" provides an in-depth and unfiltered first-person perspective on trending tennis topics. The episodes, which are recorded and presented by Tennis Channel in English in several European countries and on its second network T2 in the United States, will be translated into Spanish to air on Tennis Channel in Spain beginning later this month . For this initiative, Sinclair has collaborated with HeyGen, a leading generative AI video company, specializing in voice translation and lip-sync services, transforming the way businesses use video to enable global storytelling.
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FNMA | Hot Stocks10:03 EDT Fannie Mae announces sale of non-performing loans - Fannie Mae announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's twenty-fourth Community Impact Pool. The one large pool includes approximately 1,205 deeply delinquent loans totaling $221.9M in unpaid principal balance, and the CIP includes approximately 52 deeply delinquent loans totaling $14.5M in UPB. The CIP consists of loans geographically located in the New York area. All pools are available for purchase by qualified bidders. This sale of non-performing loans is being marketed in collaboration with BofA Securities, Inc. and First Financial Network, Inc., a woman-owned and -controlled business, as advisors. Bids are due on the one large pool by May 2, 2024, and on the CIP by May 16, 2024.
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DTSS | Hot Stocks10:02 EDT Datasea CEO intends to purchase $3M of common stock over next 12 months - Datasea announced that Zhixin Liu, Founder and CEO of company, intends to purchase up to $3M of the company's common stock from time to time from her personal funds over the next 12 months. Such purchases will be executed on the open market at prevailing market prices, and CEO Zhixin Liu has sole discretion as to how much Datasea common stock she will purchase, up to a $3M limitation. CEO Zhixin Liu currently holds a 25.08% position of the common stock, which represents the largest ownership position of the company's shares.
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PRFT | Hot Stocks10:02 EDT Perficient enters multi-year agreement with professional golfer Josef Straka - Perficient has entered into a multi-year, multi-faceted agreement with professional golfer Josef "Sepp" Straka. Under the terms of the agreement, Perficient will receive a variety of marketing and corporate engagement benefits, and Straka will be introduced to and spend time with key executives at Perficient's largest accounts.
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KEN | Hot Stocks10:00 EDT Kenon falls -4.3% - Kenon is down -4.3%, or -95c to $20.92.
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STG | Hot Stocks10:00 EDT Sunlands Online falls -4.6% - Sunlands Online is down -4.6%, or -43c to $8.87.
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MYTE | Hot Stocks10:00 EDT Mytheresa falls -5.3% - Mytheresa is down -5.3%, or -20c to $3.50.
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BB | Hot Stocks10:00 EDT BlackBerry rises 9.0% - BlackBerry is up 9.0%, or 26c to $3.14.
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PBI | Hot Stocks10:00 EDT Pitney Bowes rises 9.4% - Pitney Bowes is up 9.4%, or 37c to $4.29.
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OPFI | Hot Stocks10:00 EDT OppFi rises 18.0% - OppFi is up 18.0%, or 46c to $3.02.
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KEN | Hot Stocks09:47 EDT Kenon falls -2.6% - Kenon is down -2.6%, or -56c to $21.31.
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TBBB | Hot Stocks09:47 EDT BBB Foods falls -2.7% - BBB Foods is down -2.7%, or -62c to $22.37.
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XYF | Hot Stocks09:47 EDT X Financial falls -6.6% - X Financial is down -6.6%, or -26c to $3.70.
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BB | Hot Stocks09:47 EDT BlackBerry rises 6.8% - BlackBerry is up 6.8%, or 20c to $3.08.
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SBSW | Hot Stocks09:47 EDT Sibanye Stillwater rises 7.3% - Sibanye Stillwater is up 7.3%, or 40c to $5.91.
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CDE | Hot Stocks09:47 EDT Coeur Mining rises 9.0% - Coeur Mining is up 9.0%, or 42c to $5.15.
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DOGZ | Hot Stocks09:41 EDT Dogness Internationa trading resumes
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VZ | Hot Stocks09:38 EDT Verizon extends partnership with New Jersey Devils, Prudential Center - The New Jersey Devils, Prudential Center, and Verizon announced a multi-year extension of their partnership featuring new and innovative technology for wireless connectivity and retail convenience to enhance the fan experience and improve arena operations. Through this extended partnership, Verizon is deploying Verizon 5G Ultra Wideband, Verizon Private 5G Network and Wi-Fi 6/6E to give Prudential Center the ability to host a wide range of large-scale events, concerts and games with a more efficient and reliable network and fast connectivity. The improved wireless connectivity will also change the way fans experience games and live events in the arena and through the Devils and Prudential Center Mobile App, Powered by Verizon.
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DXYZ | Hot Stocks09:38 EDT DXYZ Stock trading resumes
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DOGZ | Hot Stocks09:36 EDT Dogness Internationa trading halted, volatility trading pause
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LTUM | Hot Stocks09:35 EDT Lithium Corp. expands portfolio with fluorspar property - Lithium Corporation informed investors the Company recently expanded its portfolio with the addition of a newly staked property prospective for hosting fluorspar mineralization. The Las Pilas claim block, staked by Lithium Corp. in February 2024, is located in the Greenwood Mining Division in south central British Columbia, Canada. The approximately 5,178 acre property lies roughly three kilometers from the past producing Rock Candy Fluorspar mine. The mine produced around 51,500 tonnes of ore with an average grade of 68% CaF2, 22% SiO2 between 1918 and 1929. It closed during the Great Depression and never reopened. Another 60,000 tonnes of probable ore is estimated contained in the previously mined workings. While fluorite epithermal vein mineralization is known to extend from this area more than a kilometer north to Fluorine Lake, no modern work has been conducted to expand the size of the deposit. Lithium Corporation's claim block was staked on the basis of similar geology, stream sediment and water geochemistry as seen in the vicinity of the Rock Candy Mine. The highest fluorine value in the general area was collected from a stream that drains northern portions of the Company's block. This is believed to be a strong indicator that similar or better mineralization occurs in the general area. The Company is excited about the potential of this prospective property, and anticipates commencing geochemical and geological surveys here within the month.
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GRNQ | Hot Stocks09:34 EDT Greenpro Capital, Klaytn Foundation, CREDER patner for global RWA platform - Greenpro Capital has signed an MOU with Klaytn Foundation and Korea based CREDER to bring traditional real-world assets into DeFi/Web3.0 ecosystem. The powerful combination will leverage Klaytn protocol high performance throughput, low transaction cost and vibrant communities, CREDER innovative blockchain solutions and Green-X expertise and track records in tokenization of RWA into security tokens and digital. With the imminent merger of Klaytn and Finschia mainnet in June this year, Dragon Mainnet will have combined wallet users and Web 3 communities in excess of 35 million and 400,000 respectively. CREDER is one of the pioneers to issue real gold backed NFTs and gold tokens in collaboration with Korea Gold Exchange. CREDER will work with Green-X to create new RWA products, including rare gemstones, Chinese antiques, rare earth elements, real estates and more. Green-X plans to make a wide range of Shariah compliant physical based digital assets available on DeFi platforms, providing more convenience, user centric and diverse investment opportunities for users around the world.
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DXYZ | Hot Stocks09:33 EDT DXYZ Stock trading halted, volatility trading pause
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GTII | Hot Stocks09:32 EDT Global Tech Industries appoints Luke Rahbari as COO - Global Tech Industries Group board of directors, at a board meeting held on April 7, 2024, approved and authorized management to create the new executive position of COO, and to welcome Mr. Luke Rahbari to join the Company in that position as of May 1, 2024. As previously stated in a press release and on the corporate website, the Company retained Mr. Rahbari's services last December to assist management with re-focusing its short-term goals, including a retirement/succession plan for its senior management. Mr. Rahbari has made management aware of several deficiencies in its current structure and day-to-day operations, and management has been quick to respond and move forward to address the situation by offering him the new position. Mr. Rahbari will continue the work he began in December, assessing the quality of a number of pending deals for the Company, assisting in its continued mission to remain compliant in all its filings and obligations, as well as facilitating introductions to the Capital markets, trading and listing initiatives. Rahbari established Equity Armor Investments, an SEC registered RIA specializing in derivative and volatility strategies.
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SYNX | Hot Stocks09:31 EDT Silynxcom wins order from German police department - Silynxcom received first-time orders for a German county police department for its new hearing-protective in-ear headset systems, designed for law enforcement organizations. One of the ways Silynxcom's advanced in-ear headset systems will be used by this police department is for the securing of a high-profile international sports event in Germany.
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SAM | Hot Stocks09:30 EDT Jim Beam Kentucky Coolers announces four new varieties - Jim Beam invites drinkers to "Crack Open the Cooler Side of Flavor," with the addition of four new varietals to its lineup of Ready-To-Drink beverages, Jim Beam Kentucky Coolers. Made in partnership with The Boston Beer Company, the malt-based Kentucky Coolers are crafted in the spirit of the Jim Beam legacy, which aims to spark connection and bring people together over a delicious beverage. Refreshingly light flavor and uniquely crisp Kentucky Coolers feature fan-favorite flavor combinations that are best enjoyed in the company of others. With four new flavors, Jim Beam Kentucky Coolers will build on the success of its lemonade varieties, introducing Blueberry Lemonade and Strawberry Lemonade, as well as put its own southern spin on a beloved east coast cocktail, "the crush," debuting Orange Crush and Peach Crush.
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BKYI | Hot Stocks09:29 EDT BIO-key announces Canton of Ticino implements AuthControl Sentry solution - BIO-key announced that Switzerland's Canton of Ticino has partnered with Asecus AG to implement BIO-key's AuthControl Sentry login solution. In a significant enhancement to its digital security, Ticino's Information Systems Center has integrated AuthControl's advanced protection for Office365 login across their network. Ticino is the southernmost of Switzerland's 26 cantonsand the sole canton where Italian is the only official language.
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OPTHF | Hot Stocks09:28 EDT Optimi Health signs psilocybin supply agreement with Matai Medical - Optimi Health announced the signing of an international natural psilocybin supply agreement with New Zealand-Based Matai Medical Research Institute, on behalf of the Tu Wairua Project. This agreement marks Optimi's first supply deal to New Zealand, a significant milestone for the company's global expansion efforts. Under the terms of the agreement, Optimi will provide Matai with a quantity of its validated GMP Full Spectrum Natural Psilocybin extract. Further, the agreement includes tracked stability of the extract, ensuring the highest standards of GMP quality and compliance. In November 2023, the Tu Wairua project, a collaborative effort involving a diverse array of individuals, whanau, community groups, and institutions, convened at Rangiwaho Marae, a tribal meeting place in the Tairawhiti region of New Zealand. The project team has since designed a clinical trial protocol and secured ethics and regulatory approval for its inaugural clinical study. Scheduled for mid-2024, the trial, titled "Pilot Study of Psilocybin Administration in Healthy Volunteers within a Marae Setting," aims to evaluate the feasibility, acceptability, and safety of administering psychedelic-assisted therapy to Maori patients in a marae setting. The insights gained from this trial will inform potential future controlled trials involving Maori patients with methamphetamine use disorder.
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SCLX | Hot Stocks09:25 EDT Scilex launches co-pay programs for ZTlido and ELYXYB - Scilex Holding Company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain, today announced launching of co-pay programs for both ZTlido( and ELYXYB with the out-of-pocket costs for its product portfolio for commercially insured patients capped at $25 monthly, with certain eligible patients paying as low as $0. This applies to the Company's postherpetic neuralgia pain product, ZTlido and migraine product, ELYXYB . Scilex has made significant investments to improve patient affordability and access to its products and continues to build on the Company's commitment to provide non-opioid pain management products to patients.
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NMTC | Hot Stocks09:24 EDT NeuroOne Medical announces first implant of OneRF Ablation electrodes - NeuroOne Medical Technologies announced the first implant of its OneRF Ablation electrode by doctors at a top ranked hospital in the US, as ranked by the US News & World Best Hospital Report in its 2023-2024 publication. The OneRF Ablation system has FDA 510(k) clearance for creation of radiofrequency lesions in nervous tissue for functional neurosurgical procedures. "We are excited to announce that yesterday, doctors implanted Evo sEEG-RF electrodes in a patient suffering from epilepsy. Once the monitoring identifies the areas of the brain that are causing seizures, the surgical team now has the option to use the same electrodes to perform an ablation utilizing NeuroOne's RF generator. This capability provides the neurosurgeon an entirely new option for use in the appropriate patients and situation. Being first to market with this technology positions the Company as a market leader in offering multi-functional diagnostic and therapeutic thin-film electrode technology," said Dave Rosa, CEO of NeuroOne. "As stated previously, we believe the technology has the potential to reduce hospital stays, number of surgeries, and adverse events, while offering significant clinical benefits including temperature control to enhance patient safety."
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SHOT | Hot Stocks09:23 EDT Safety Shot, Nelk Boys partner for brand ambassadorship - Safety Shot announced that the Nelk Boys have joined forces with Safety Shot as brand ambassadors. The Nelk Boys are an entertainment and retail company with YouTube channels under brands including NELK and Full Send that feature prank videos and high profile guests like Elon Musk, Donald Trump, and Mike Tyson. The Nelk Boys have popularized and trademarked the term "Full Send" which they brand as FULL SEND to mean "any activity you do, give it your absolute best".
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BLZE | Hot Stocks09:22 EDT Backblaze launches next-gen cloud workflow tools at NAB 2024 - In booth SL7077 at the 2024 NAB Show, Backblaze will showcase a range of new features, functionality, and partnerships aimed to help media teams meet the challenges of a rapidly changing technology landscape. The Backblaze team will highlight announcements relating to automating cloud workflows, expanding media archive search functionality with AI, and advancing security standards within the industry while also sharing information on the company's industry-leading cloud object storage platform.
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NVGS | Hot Stocks09:21 EDT Navigator Holdings announces first ship-to-ship transfer of ammonia - Navigator Holdings performed its first ship-to-ship transfer of ammonia. Following a long history of the safe and successful liquified gas ship-to-ship transfers, Navigator Gas reaches a significant milestone in completing its first ship-to-ship transfer of anhydrous ammonia. In a carefully planned and closely monitored operation lasting eleven hours, on April 3, 2024 Navigator Gas' vessel, the "NAVIGATOR JORF", a 38,000 cbm liquefied petroleum gas gas carrier, safely received 25,300 metric tonnes of NH3 from LPG tanker "ECO ORACLE", whilst moored alongside in the Port of Ngqura, South Africa. By showing that a ship-to-ship transfer of NH3 can be completed safely, reliably and efficiently, Navigator Gas expects this successful process will lead to future opportunities to utilise NH3 as an alternative fuel source and to facilitate the transition towards zero-emissions shipping.
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PRFX | Hot Stocks09:20 EDT PainReform says IVR rates of PRF-110 superior for post-surgical pain products - PainReform announces results from new studies demonstrating the superior in-vitro release, IVR, rates of PRF-110 compared to the industry leader for topical post-surgical pain management products. "These findings underscore PainReform's commitment to advancing non-opiate pain relief options and mark a significant milestone...These results are particularly noteworthy as they not only provide support for PRF-110's superior efficacy but also its potential to significantly extend the duration of pain relief. By ensuring a more consistent and prolonged analgesic effect, PRF-110 aims to reduce the dependency on opiates for post-surgical pain management, addressing a critical need in the healthcare system for safer, more effective pain management strategies. Ilan Hadar, Chief Executive Officer of PainReform, expressed his enthusiasm about the findings: "These IVR study results are a testament to the innovative approach we're taking at PainReform to combat post-surgical pain. By focusing on extended drug release technology, we believe PRF-110 is poised to set a new standard in topical pain management that prioritizes patient safety and efficacy. We believe that this breakthrough will not only benefit patients by providing longer-lasting relief but also significantly impact the global effort to reduce opiate use."
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COGT | Hot Stocks09:20 EDT Cogent Biosciences presents preclinical data of CNS-penetrant ErbB2 inhibitor - Cogent Biosciences announced new preclinical data from the Company's potent, selective, CNS-penetrant ErbB2 inhibitor program. The data are being presented in a poster session at the American Association for Cancer Research 2024 Annual Meeting taking place in San Diego, California. Title: Characterization of a Novel Mutant Selective, EGFR Sparing, ErbB2 Inhibitor with Activity Across Activating Mutations in Systemic and CNS Tumors. Cogent is developing a potential best-in-class EGFR-sparing, brain-penetrant ErbB2 inhibitor that includes potent coverage of key mutations inadequately addressed by currently approved therapies. Activating mutations in the ErbB2 gene have been identified in multiple cancers and demonstrate a tumorigenic role similar to that of ErbB2 amplification. The poster presented today describes CGT4255's exceptional stability in human whole blood and liver cytosol fractions and high oral bioavailability and low clearance across preclinical species. In addition, CGT4255 demonstrated 80% brain penetrance in mice and was well-tolerated at 10x concentration, resulting in mouse tumor regression, suggesting potential best-in class properties.
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AVPT | Hot Stocks09:18 EDT AvePoint launches analytics capabilities for copilot for Microsoft 365 - AvePoint announced the general availability of new analytics capabilities in its tyGraph solution specific to Copilot for Microsoft 365, enabling organizations to measure and optimize their Copilot for Microsoft 365 usage and impact.
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SNPX | Hot Stocks09:18 EDT Synaptogenix increases stake in psilocybin drug discovery company - Synaptogenix has increased its stake in psilocybin drug discovery company PsygaBio through its partnership with Cannasoul Analytics. Synaptogenix acquired a 25% stake in Cannasoul during November 2023 in support of R&D for psilocybin mushroom and cannabinoid-based therapeutics. Cannasoul is founded by the Technion Research & Development Foundation, the commercialization arm of The Technion-Israel Institute of Technology. Cannasoul's subsidiary, PsygaBio, is engaged in mushroom cultivation, psilocybin extraction, and the exploration of active compounds and formulations for therapeutic benefits. Its initial therapeutic targets inflammatory and central nervous system disorders such as Alzheimer's disease, Parkinson's disease, inflammatory bowel disease, and ocular conditions. Synaptogenix, through its partnership with Cannasoul, expanded its stake in PsygaBio, enabling Synaptogenix Chairman Josh Silverman and Director Bruce Bernstein to join PsygaBio's board of directors. As of December 31, 2023, Synaptogenix reported a cash balance of $28.7M. Psilocybin was the highest revenue-grossing segment in the global psychedelic drugs market in 2023.
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ETWO | Hot Stocks09:16 EDT E2open appoints McIndoe as Chief of Staff, Baird as Sector President for NA - E2open Parent announces the appointment of John McIndoe as EVP, chief of staff to the CEO on the executive team, and Steve Baird as sector president for North America, NA, on the global commercial leadership team. McIndoe joined e2open in October 2023 as interim chief of staff to the CEO, and now assumes the newly added chief of staff position on e2open's executive leadership team.
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RGLD | Hot Stocks09:15 EDT Royal Gold provides update on Q1 stream segment sales - Royal Gold announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 49,500 gold equivalent ounces comprised of approximately 38,100 ounces of gold, 635,000 ounces of silver and 1,100 tonnes of copper related to its streaming agreements during the three-month period ended March 31, 2024. The Company had approximately 16,800 ounces of gold, 349,400 ounces of silver, and 400 tonnes of copper in inventory at March 31, 2024. RGLD Gold AG's average realized gold, silver and copper prices for the first quarter were $2,054 per ounce, $23.22 per ounce and $8,453 per tonne, respectively. Cost of sales was approximately $436 per GEO for the first quarter. Cost of sales is specific to the Company's streaming agreements and is the result of the Company's purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.
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NVT | Hot Stocks09:14 EDT nVent Electric announces release of 2023 Sustainability Report - nVent Electric announced the release of its 2023 Sustainability Report. The report shares nVent's 2023 achievements in each of its Environmental, Social and Governance focus areas of People, Products, Planet and Governance and provides updates on progress towards its ESG goals. nVent Chair and Chief Executive Officer Beth Wozniak said, "At nVent, we are building a more sustainable and electrified world. Our commitment to sustainability is integral to how we operate, and we took measurable steps to improve our environmental impact in 2023. I'm proud of the journey we are on and what we have accomplished."
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CPAY | Hot Stocks09:13 EDT Comdata announces Chargepass goes contactless - Comdata launched a new contactless feature for its Chargepass Mastercard. The Chargepass solution aims to streamline the payment experience for businesses by simplifying spending and catering to their needs for public charging and mixed fleet fueling-now, with one tap!
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MET | Hot Stocks09:13 EDT MetLife announces collaboration with AAWA - MetLife Pet Insurance announced its collaboration with the Association of Animal Welfare Advancement, AAWA, to help pet parents confidently care for their pets throughout their furry family member's life. Through the collaboration, MetLife Pet Insurance and AAWA will work together to develop and produce content highlighting issues pet parents may face surrounding access to veterinary care while also recognizing innovative animal welfare organizations with the Golden Beagle Award.
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IGC | Hot Stocks09:12 EDT IGC Pharma adds Arbelaez as an advisor in Artificial Intelligence - IGC Pharma announces the addition of Pablo Arbelaez, Ph.D. Dr. Arbelaez will support the development of the Phase 2 clinical trial of IGC-AD1, IGC Pharma's lead therapeutic candidate targeting agitation in Alzheimer's disease. Recent interim results from the IGC-AD1 Phase 2 trial demonstrated a clinically and statistically significant reduction in agitation compared to placebo in patients with Alzheimer's disease, indicating strong therapeutic potential.
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EDBL | Hot Stocks09:12 EDT Edible Garden begins shipping spring ornamentals, florals - Edible Garden AG Incorporated announced that it has begun shipping spring ornamentals, grown in its Edible Garden Heartland facility in Grand Rapids, Michigan. The lineup of spring ornamentals includes hanging baskets and accent greens.
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AI | Hot Stocks09:11 EDT C3.ai announces Murray has joined its board of directors - C3 AI announced that Alan Murray, CEO of Fortune Media, will join its board of directors, effective May 1, 2024. Murray brings a wealth of experience in business journalism, leadership, and corporate strategy to the board. In his role as a board member, Murray will collaborate closely with C3 AI's leadership team to provide strategic guidance as the company continues to grow and drive innovation in enterprise AI across industries.
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NUWE | Hot Stocks09:11 EDT Nuwellis: Henry Ford offers ultrafiltration therapy to heart failure patients - Nuwellis announced that Detroit, Michigan-based health system, Henry Ford Health, has begun offering ultrafiltration therapy to heart failure patients suffering from fluid overload using the company's Aquadex SmartFlow system as part of Nuwellis' pivotal REVERSE-HF clinical study. "We are excited to study the impact of Aquadex SmartFlow therapy on our heart failure patients who are suffering from severe fluid overload," said Dr. Jennifer Cowger, Section Head of the heart failure program at Henry Ford. "We are eager to see if ultrafiltration can affect clinical outcomes of our heart failure patients resistant to diuretics. Presently, diuretics are the only options in the field for acute symptoms relief of heart failure congestion. This intervention may change that and could have a longer-term beneficial impact on heart failure too."
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DD | Hot Stocks09:11 EDT DuPont unveils Pyralux ML laminate series - DuPont introduced the DuPont Pyralux ML Series of double-sided metal-clad laminates, a unique addition to its extensive family of Pyralux laminates for flexible and rigid-flex printed circuit boards. Developed for optimal thermal management, these laminates are an ideal solution for high-reliability markets such as aerospace, defense, electric vehicles, artificial intelligence related networking and other electronic devices. The Pyralux ML laminate series provides exceptional performance in challenging environments, making it a versatile and innovative solution for many different applications. DuPont is exhibiting the innovative new laminates this week during IPC APEX Expo, April 9-11, at the Anaheim Convention Center.
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THRY | Hot Stocks09:11 EDT Thryv Holdings names Johnson as new Chief Product Officer - Thryv announced Rees Johnson has joined the company as chief product officer. Johnson is responsible for the vision, strategy, and development of the Thryv platform, which offers inter-operable centers that help small businesses automate and modernize a range of day-to-day functions. He reports directly to Thryv President Grant Freeman. Most recently Johnson served as chief product officer for computer security software company Forcepoint.
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LQR | Hot Stocks09:10 EDT LQR House reports 370% y/y revenue growth in March - LQR House announces a 370% year-over-year increase in revenue for March 2024 compared to the corresponding period in 2023. In March 2023, the Company recorded revenues of $43,578.33, while March 2024 witnessed a substantial surge, with revenues reaching $206,221.82. Sean Dollinger, CEO of LQR House, expressed his enthusiasm over such performance, stating, "The numbers speak for themselves. A 370% increase in year-over-year revenue for March 2024 compared to March 2023 underscores our consistent growth. LQR House continues to forge new marketing partnerships, expanding both our alcohol e-commerce business and marketing campaigns for alcohol brands. We're immensely proud of the strides we're making every day, and these year-over-year increases reflect progress across all fronts."
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BANC | Hot Stocks09:10 EDT Banc of California announces new community banking leaders - Banc of California, a wholly owned subsidiary of Banc of California, announced that it has promoted several leaders in Community Banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices. Chris Baron has been promoted to President, Community Banking, to oversee Banc of California's five regions in California and Colorado. Brian Ishida has been promoted to President of the Los Angeles Region. Chris Erickson has been named President of the Colorado Region, a newly created position, reporting to Baron.
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DLPN | Hot Stocks09:09 EDT Dolphin Entertainment partners with Rachael Ray, Do Good Spirits - Rachael Ray announces her partnership with Dolphin Entertainment as the official creative marketing partner for Staple Gin, launching in May 2024 along with renowned distillery, Do Good Spirits. With a botanical recipe developed by Ray and then crafted in the heart of New York's Catskills region by Do Good Spirits Founder Brian Facquet, Staple Gin is distilled with juniper, coriander, orris root, Castelvetrano olives, dried bergamot peel, tarragon and extra virgin olive oil.
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TDC | Hot Stocks09:08 EDT Teradata, Anaconda partner to enhance open-source support for VantageCloud - Anaconda and Teradata announced a new integration to bring the most popular and widely used Python and R packages to Teradata VantageCloud through the Anaconda Repository. The integration with ClearScape Analytics, a powerful engine for deploying end-to-end artificial intelligence and machine learning, is designed to provide enterprises with the ability to deploy large-scale data science, AI/ML, and generative AI use cases that can cost-effectively deliver value for the enterprise. "There is so much innovation happening in the open-source community, and we're thrilled to be working with Anaconda to bring their popular open-source packages to Teradata VantageCloud Lake," said Hillary Ashton, Chief Product Officer at Teradata. "We believe that the 45 million data scientists, data engineers, developers and analytics professionals that use Anaconda will have an even greater impact on their organizations by also using ClearScape Analytics to deploy and operationalize trusted AI/ML at enterprise scale and with the least cost."
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NVNO | Hot Stocks09:08 EDT enVVeno Medical appoints Andrew Cormack as CCO - enVVeno Medical Corporation announced that Andrew Cormack has been hired as the Company's Chief Commercial Officer. Mr. Cormack, who joined enVVeno Medical on April 8, comes to enVVeno following a career at both start-up and large medical device companies including WallabyPhenox, Medtronic, Covidien, and ev3.
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FLJ | Hot Stocks09:08 EDT FLJ Group receives Nasdaq minimum bid price deficiency notice - FLJ Group has received a notice from Nasdaq stating that the company is not in compliance with the requirement to maintain a minimum bid price of $1 per share for continued listing on Nasdaq. The company intends to monitor the closing bid price of its ADSs and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ADSs, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The Nasdaq notice has no immediate effect on the company's listing or on the trading of the company's ADSs.
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SHIP USEA | Hot Stocks09:07 EDT Seanergy Marine, United Maritime provide financial update - Seanergy Maritime Holdingsreported a fourth-quarter net profit of $10.8 million, a significant increase from $0.5 million in the previous year. The company's revenue also grew to $39.4 million compared to $28.5 million for the same quarter last year. Despite a very volatile Capesize market, Seanergy's daily time charter equivalent outperformed the Baltic Capesize Index by 7% in 2023. For the first three months of 2024, the company is projecting a TCE of $23,219 per day. During the full-year period, they recorded a net income of $2.3 million, while their fleet's average daily rate was $17,501, exceeding the Baltic Capesize Index average of $16,389. Seanergy says its consistent ability to generate higher revenues from its Capesize fleet compared to industry benchmarks sets it apart from other shipping companies like Hapag-Llyod Aktien and Matson Inc. In the first quarter, experiencing the strongest start for the Capesize market since 2011, Seanergy reports it has capitalized on the surge in freight futures prices. Seanergy has utilized the freight futures market to fix the rates for approximately half of its ownership days in the second quarter at around $28,300 per day, securing strong cash flow and profitability. In February 2024, Seanergy acquired a 2013 Japanese-built Capesize dry bulk vessel with a capacity of 181,392 deadweight tons, which will be renamed M/V Iconship. The purchase price was $33.7 million, however, the value of the bulker has increased to $38 million since. Seanergy's spin-off company, United Maritime Corporation completed a sale-and-leaseback transaction to generate liquidity and potentially expand its fleet of bulkers. The transaction allowed United Maritime to refinance an existing $13 million loan facility. The six-year lease gives United Maritime options to repurchase the vessel after the first two years, with ownership transferred at no additional cost. In 2023, United Maritime successfully regrew its fleet, continuing the shareholders' reward program, and managed to record a positive bottom line. The net revenues for 2023 were $36.1 million, which increased by 58% compared to 2022, but so did voyage expenses, interest and finance costs. As a result, their fleet earned an average daily TCE rate of about $15,400 in 2023, compared to $28,800 in 2022. United Maritime recorded $11.6 million in net revenues, with adjusted EBITDA at $4.6 million for the fourth quarter. Despite the quarterly loss of $0.7 million, United Maritime maintained the dividend of $0.075 per share, reflecting a solid 11% annualized yield. United Maritime anticipates that the fleet's daily TCE earnings could see additional growth if the physical market aligns with the forward curve for freight rates this quarter. Furthermore, it is securing higher rates for some of the ownership days in the second quarter compared to those achieved in the first quarter
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CIEN | Hot Stocks09:07 EDT Ciena's Blue Planet launches major enhancement to Blue Planet Cloud platform - Blue Planet, a division of Ciena, has launched a major enhancement to its intelligent automation software portfolio with the first-of-its-kind Blue Planet Cloud Native Platform. Leveraging Kubernetes technology to support multiple modular Operating Support System applications, the new platform will allow Communications Service Providers to simplify and automate their OSS environments.
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TT | Hot Stocks09:06 EDT Range Energy, Thermo King enter collaboration - Range Energy, the hardware company bringing powered trailers to the commercial trucking market, and Thermo King, a Trane Technologies brand, announced a strategic collaboration to advance the commercialization of electric refrigerated trailers. "Thermo King's commitment to sustainability and decarbonization is only matched by our drive to provide customers with the solutions they need. With that comes integrating innovative technologies, like Range's electric trailer platform, that can help us deliver more efficient and reliable transportation solutions while keeping transported food and perishables safe and fresh," said Paul Kroes, senior trailer product manager, Thermo King. "Range is an early mover in trailer electrification, and we're confident our partnership can accelerate our industry's decarbonization efforts."
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MDB GOOG | Hot Stocks09:06 EDT MongoDB's Atlas Search Nodes now available on Google Cloud - MongoDB (MDB) announced an expanded collaboration with Alphabet's (GOOG) Google Cloud to build, scale, and deploy generative AI applications using MongoDB Atlas Vector Search and Vertex AI from Google Cloud, along with additional support for data processing with BigQuery. The companies are also collaborating on new industry solutions for retail and manufacturing, engaging shopping experiences and smart factories. MongoDB Enterprise Advanced is now available on Google Distributed Cloud. The expanded collaboration between MongoDB and Google Cloud now allows customers to isolate and scale generative AI applications for high performance and efficiency, streamline building generative AI applications with leading foundation models, enhance analytical workloads with automated pipelines for operational data, enrich data from the factory floor with real-time application data to optimize manufacturing and supply chain operations, build and deploy applications that provide modern shopping experiences with composable commerce capabilities, and run sensitive workloads in a controlled and secured environment.
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VINO | Hot Stocks09:05 EDT Gaucho Group announces measures to streamline operations, cost efficiencies - Gaucho Group announced a series of strategic measures to streamline operations and cost efficiencies. These efforts are expected to yield approximately $1.5 million in expense savings over the next 12 months, with the anticipation of up to an additional $1 million in expenses saved in 2025. By eliminating certain functions and offshoring others to its offices in Argentina, the Company aims to capitalize on the cost-effective labor and specialized skills available in the region. Furthermore, the savings accrued from these strategic initiatives are planned to be allocated towards marketing expenses, aiming to promote its portfolio of brands, including Gaucho - Buenos Aires and Maison Gaucho, Algodon Fine Wines, Algodon Wine Estates, and its hospitality projects. This restructuring is not just about cost-saving; it represents a strategic pivot towards maximizing the potential of Gaucho Holdings' operations in Argentina, particularly in the realm of luxury real estate. The Company is poised to recognize revenue from the deeding of real estate projects in 2025, with a primary focus on the vineyard estate lots at Algodon Wine Estates in San Rafael, Mendoza, Argentina. To date, approximately 15% of the total lots have been sold, leaving significant room for future sales and development. The potential revenue from these sales, coupled with interest income from the Company's self-financing options to buyers, is expected to significantly enhance financial results in the coming years. Furthermore, Gaucho Holdings is closely monitoring the evolving economic landscape in Argentina, particularly the potential adoption of the USD as the country's primary currency. This shift, championed by President Milei, could drastically change the dynamics of the real estate market by enabling leverage through bank lending, a move that could significantly boost real estate values across the nation. This transition to a more stable currency for transactions could unveil substantial growth opportunities for Gaucho Holdings' real estate assets.
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CHRO | Hot Stocks09:04 EDT Chromocell Therapeutics CEO Frank Knuettel issues letter to stockholders - Chromocell Therapeutics announced that its Chief Executive Officer, Frank Knuettel, has issued the following letter to stockholders: "With my inaugural letter to stockholders, I am pleased to provide an update on our recent initial public offering share our mission, outline the current status of our development programs, and discuss our growth and operational plans. We successfully closed our IPO on February 21 raising gross proceeds of approximately $6.6M. Notably, almost all shares of common stock held by 5% holders, directors and officers of the Company prior to the IPO are subject to formal lock-up agreements....We expect that the net proceeds from our IPO will allow us to focus on accelerating the development of a portfolio of non-opioid pain treatments and related therapies. Opioids effectively treat pain, but their use often leads to serious side effects, including addiction and mortality. Despite the explosive growth of opioid addiction and the ongoing suffering of many patients, there has been a lack of new pain treatment therapies. We intend to build a robust pipeline of products to address several pain indications with molecules that show no addictive or euphoric properties." *
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CVKD | Hot Stocks09:03 EDT Cadrenal Therapeutics confirms FDA orphan designation for tecarfarin - Cadrenal Therapeutics announced that the United States FDA has granted tecarfarin Orphan Drug Designation for the prevention of thromboembolism and thrombosis in patients with an implanted mechanical circulatory support device, right ventricular assist device, collectively known as ventricular assist devices, biventricular assist device, and total artificial heart.
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HBIO | Hot Stocks09:02 EDT Harvard Bioscience announces labor force reduction to improve cost structure - Harvard Bioscience announced a labor force reduction to improve its operating cost structure and support its ongoing investments in growth. The Company expects to realize overall annual run rate savings of approximately $4 million beginning in the second quarter of 2024. The Company also expects second quarter restructuring-related charges of approximately $0.5 million. Jim Green, Harvard Bioscience Chairman and CEO, said, "We remain focused on organizational efficiencies and aligning our global operating structure with our strategic growth priorities. This action is intended to underpin our financial performance while we continue to focus on our growth initiatives."
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LCID | Hot Stocks09:01 EDT Lucid Group reports vehicle production of 1,728 in Q1 - Delivered 1,967 vehicles in Q1.
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AIP | Hot Stocks08:59 EDT Rebellions selects Arteris for next-generation neural processing unit - Arteris announced that Rebellions will deploy FlexNoC interconnect IP plus Magillem Connectivity and Magillem Registers for its next-generation AI Hardware Accelerator Neural Processing Unit. The combination of Rebellions AI technology with Arteris' system IP will provide maximum flexibility and energy efficiency, and enable companies to create powerful, cost-efficient AI hardware at scale. Rebellions' products increase data execution with minimum power consumption. They are addressing the needs of latency-critical AI inference applications from Generative AI and Large Language Models, supporting finance and cloud computing industries with their cutting-edge chips. Rebellions is also developing its next-generation chip in collaboration with Samsung.
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SDIG | Hot Stocks08:58 EDT Stronghold mined 179 Bitcoin in March, turned off Scrubgrass plant - Stronghold Digital Mining y provided the following updates regarding its operations and financial performance: Stronghold mined 179 Bitcoin in March 2024 and generated approximately $0.1M in energy revenue, which represents the equivalent of approximately one additional Bitcoin based on the average price of Bitcoin during the month. This equates to approximately 180 of Bitcoin-equivalent production in March 2024, up approximately 4% from 173 Bitcoin-equivalent production in February 2024. The Company generated an estimated $11.1M of revenue during March, an increase of 37% and 94% compared to February 2024 and March 2023, respectively. The primary driver of the sequential increase was a higher hash price of $0.109 per TH/s per day in March compared to $0.084 in February, which was due to a 35.8% higher Bitcoin price, partially offset by lower transaction fees, averaging 4.6% in March compared to 5.5% in February, and 4.3% sequential growth in network hash rate. Stronghold's average hash rate improved to 3.6 EH/s in March, up 4.7% compared to its average hash rate of 3.4 EH/s in February, and up 62.6% from the average hash rate of 2.2 EH/s in March 2023, and an increased average hash price of $0.109 in March 2024 compared to $0.073 in March 2023. In March 2024, due to continuing low power prices and the company's expectation that they will persist through the coming shoulder months, the Company elected to turn off its Scrubgrass Plant and to instead import electricity for its mining operations pursuant to its previously announced Electricity Sales and Purchase Agreement with Champion Energy Services..The Scrubgrass Plant is expected to remain off until it becomes economically compelling to run it relative to purchasing electricity.
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TZUP | Hot Stocks08:58 EDT Thumzup appoints Paul Dickman to advisory board - Thumzup Media Corporation welcomes Paul Dickman to its Advisory Board, a strategic move aligning with the Company's efforts to up-list its shares to a national stock exchange. Paul is the Founder & Principal of Breakwater MB, a boutique merchant bank focused on providing the expertise and funding needed for cannabis-focused organizations to transition into the public mark
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ASPI | Hot Stocks08:57 EDT ASP Isotopes enters warrant inducement transaction for $5.5M in gross proceeds - ASP Isotopes has entered into an agreement with an institutional investor that is an existing holder of warrants to purchase shares of common stock of the Company for cash wherein the investor agreed to exercise the Existing Warrants to purchase the maximum of 3,164,557 shares of common stock at an exercise price of $1.75 per share, resulting in gross proceeds of approximately $5.5 million, before deducting offering expenses. In consideration for the exercise of the Existing Warrants for cash, the exercising holder will receive new warrants to purchase up to an aggregate of 1,225,000 shares of common stock in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The Company believes the structure of this transaction will result in substantially less fees, costs and dilution than may occur in other capital raising transactions, such as an underwritten offering of common stock or a private placement priced at a discount. "We took the opportunity to do this transaction because we view it as an attractive means of raising additional capital; $5.5 million for 1.225 million new warrants is effectively $4.50 per share with minimal transaction costs," said Paul Mann, Chairman and CEO of ASP Isotopes. The offering is expected to close on or about April 11, 2024. The New Warrants will be exercisable on and after the date that is six months following the date of issuance at an exercise price of $3.90 per share and will expire on the five year anniversary of their initial exercise date.
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NNOX | Hot Stocks08:56 EDT Nano-X Imaging collaborates with AhealthZ, SCL Science for South Korean market - NANO-X IMAGING LTD announced a new collaboration to advance the Nanox.ARC 3D imaging system and Nanox artificial intelligence solutions in Korea with AhealthZ and SCL Science, AhealthZ's affiliated company and subsidiary of global healthcare group SCL. Under the collaboration, AhealthZ plans to assist Nanox in efforts to secure local authorizations and licenses to enable the importation, marketing and sales of the Nanox.ARC in South Korea. The Nanox.ARC is a digital tomosynthesis system that uses multiple sources of X-rays to produce a three-dimensional, tomographic images. Compared to similar X-ray tomosynthesis based devices, Nanox.ARC has a smaller footprint, utilizes a cold cathode system, and has the potential to be a cost-effective and scalable imaging solution in healthcare settings. The collaboration will also include SCL Science integrating Nanox's AI solutions in remote image analysis and other operations. Nanox's AI solutions include its HealthCCSng cardiac solution, HealthOST bone solution and HealthFLD fatty liver solution, and are designed to help identify patients with asymptomatic undetected chronic disease and initiate earlier diagnosis and preventative management. Additionally, Nanox.MARKETPLACE, a teleradiology services platform that provides remote access to radiology and cardiology experts, will potentially be integrated with SCL Science's teleradiology centers in South Korea and other overseas markets.
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EXLS | Hot Stocks08:55 EDT ExlService partners with Quilt.AI for customer insight - EXL announced a partnership with Quilt.AI. This collaboration aims to merge EXL's deep data, AI and industry expertise with Quilt.AI's advanced AI-powered platform, which transforms big data into human insights and cultural understanding. The partnership will utilize the combined capabilities of both companies to help clients in industries such as retail, consumer packaged goods, financial services, and insurance to discover industry and product trends, analyze consumer journeys, and gauge consumer sentiment quickly and accurately. EXL intends to expand its ability to help clients understand their data and gain deeper insights into the contexts that shape consumer behaviors and preferences through proprietary AI models. This will enable businesses to make more informed decisions, proactively respond to changing market dynamics, and offer superior customer experiences.
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AENT | Hot Stocks08:54 EDT Alliance Entertainment to host investor, analyst tours at Kentucky warehouse - Alliance Entertainment Holding will host an investor and analyst day on Thursday, May 16, 2024, from 9:30 a.m. ET to 1:45 p.m. ET at its warehouse in Shepherdsville, Kentucky, just south of Louisville. Alliance Entertainment Executive Chairman Bruce Ogilvie, and CEO and CFO Jeff Walker will be joined by other senior management team members to provide an overview of Alliance Entertainment's distribution of music, movies, gaming, collectibles, and consumer electronics, as well as growth strategies and strategic initiatives. Immediately following the presentation and Q&A session, attendees will have the opportunity to tour the warehouse and learn about Alliance's world class Consumer Direct Fulfilment capabilities and capacity, including worldwide CDF shipping, and industry-best sortation and packaging before joining senior management for lunch. Investors and analysts who attend the tour will see recent automation and efficiency improvements at Alliance Entertainment's Kentucky warehouse fulfilment center that covers 873,000 sq feet and supports order fulfillment of 52 million units shipped annually across more than 325,000 unique SKUs
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RWAY | Hot Stocks08:53 EDT Runway Growth Finance funded two investments in Q1 - Runway Growth Finance provided an operational and portfolio update for the first quarter ended March 31, 2024. In the first quarter of 2024, Runway Growth funded two investments: one investment in a new portfolio company and one investment in an existing portfolio company. These include: Completion of a $32.0 million investment to a new portfolio company in the automotive technology industry that provides real-time enterprise software solutions to help dealers elevate the car-buying experience by transforming the way they connect with customers, funding $20.0 million at transaction close; and completion of a $5.0 million follow-on investment to Madison Reed, consisting of a $1.2 million delayed draw and $3.8 million upsize to its existing commitment. Madison Reed is a digitally enabled prestige hair color company predominantly focused on women. During the first quarter ended March 31, 2024, Runway Growth experienced two prepayments totaling $34.5 million and scheduled principal amortization of $0.4 million. The prepayments include: Partial principal repayment of the Company's senior secured term loan to FiscalNote of $27.4 million; and Partial principal repayment of the Company's senior secured term loan to Marley Spoon Group of $7.1 million.
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GECC | Hot Stocks08:51 EDT Great Elm Capital announces public offering of unsecured notes - Great Elm Capital announced the commencement of an underwritten public offering of unsecured notes due 2029. The Notes are expected to be listed on The Nasdaq Global Market under the trading symbol "GECCI," and to trade thereon within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined by negotiations between the Company and the underwriters. The Company expects to use the net proceeds from the offering for general corporate purposes, including making investments consistent with its investment objectives, and may also elect to redeem a portion of its outstanding $45.6 million aggregate principal amount of 6.75% unsecured notes due 2025, redeem a portion of its outstanding $57.5 million aggregate principal amount of 5.875% unsecured notes due 2026, redeem a portion of its outstanding $40.0 million aggregate principal amount of 8.75% unsecured notes due 2028 or repay all or a portion of any borrowings that may be outstanding under the Loan, Guarantee and Security Agreement, as amended, with City National Bank. Ladenburg Thalmann & Co. Inc., InspereX LLC, Janney Montgomery Scott LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.
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CETX | Hot Stocks08:50 EDT Cemtrex's Vicon Industries to attend ISC West 2024 - Cemtrex announced that its subsidiary, Vicon Industries, is set to showcase its new AI-powered unified cloud solution at ISC West 2024, which will be held April 9-12, 2024 at the Venetian Expo, Las Vegas, and with be exhibiting at booth #26049. The Vicon exhibit will focus on the company's innovative new cloud security platform-Anavio-which lets users manage their access control, video, and intercom via a single tool, so there's no shuffling between separate security systems in order to achieve complete situational awareness and control. Plus, Anavio's remote monitoring and management capabilities allow security operations to be performed from anywhere, via any smart device. And because it's cloud-based, there's no extensive on-prem hardware to set up, configure, or maintain. This means customers can invest in the solution and the technology, not the burden of deploying and managing it.
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MTEM | Hot Stocks08:50 EDT Molecular Templates to present poster on expansion study of MT-6402 - Molecular Templates announced that will present a poster, "First-in-human, dose escalation and expansion study of MT-6402, a novel engineered toxin body ETB targeting PD-L1, in patients with PD-L1 expressing relapsed/refractory advanced solid tumors: Interim Data," at the 2024 American Association for Cancer Research Annual Meeting taking place in San Diego, CA, and also announced monotherapy response activity in Head and Neck Cancer..."We are excited to see objective responses in heavily pre-treated, checkpoint-experienced, head and neck cancer patients, a setting with high unmet medical need," said CEO Eric Poma. "The long-lasting partial responses were in patients with low PD-L1 expression and showed concomitant increases in cytokines associated with T-cell activation and tumor microenvironment remodeling not seen with other checkpoint therapies. We believe the novel mechanism of action of MT-6402 may allow for durable, T-cell-mediated, monotherapy activity in patients who have progressed on checkpoint therapy. Based on the preliminary signals of single agent activity with MT-6402, an expansion study in low PD-L1 head and neck cancer patients to further evaluate MT-6402 has been initiated."
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NXL | Hot Stocks08:49 EDT Nexalin Technology accelerates manufacturing of HALO Clarity - Nexalin Technology has completed the first full production test run and successfully performed usability, feasibility design verification, and electrical safety testing for its new Gen-3 HALO Clarity 15 milliamp neurostimulation device in the U.S. As a result, the Company is now ramping up manufacturing in advance of its planned clinical trials and expects to produce approximately 500 units in the third quarter of 2024. Nexalin plans to conduct clinical trials of the HALO Clarity in the U.S. and is in the process of consulting with the U.S. Food and Drug Administration as part of its pre-submission meetings. The Company expects that its upcoming clinical trials will be completed in an expedited timeframe and at a considerably lower expense, since the HALO Clarity treatment can be administered at home - as opposed to a hospital or outpatient clinical setting - and the resulting data can be captured and patient response can be contemporaneously transmitted electronically. Contingent upon FDA approval, the home-use aspect of HALO Clarity is expected to significantly reduce patient treatment costs, while increasing compliance with applicable standards.
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LSTA | Hot Stocks08:48 EDT Lisata Therapeutics announces Orphan Drug designation for LSTA1 - Lisata Therapeutics announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to LSTA1, the Company's lead product candidate, for the treatment of osteosarcoma, a rare cancer that can develop in children, adolescents and young adults. LSTA1 recently received Rare Pediatric Disease Designation for osteosarcoma, as announced by the Company on March 21, 2024.
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BLIN | Hot Stocks08:47 EDT Bridgeline Digital says Schaedler Yesco launches HawkSearch implementation - Bridgeline Digital announced Schaedler Yesco Distribution has implemented Bridgeline's HawkSearch on its Optimizely powered eCommerce site using the Xngage Connector for HawkSearch. HawkSearch will enhance Schaedler Yesco's eCommerce strategy by offering precise search tailored to electrical industry professionals. This includes advanced part number search functionality for both full and partial numbers, unit of measurement conversion, and merchandising tools to run product-specific campaigns.
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NTWK | Hot Stocks08:45 EDT NetSol announces German auto finance company goes live with NFS Ascent suite - NETSOL Technologies announced the go-live of its next-generation platform NFS Ascent for a leading German auto captive finance company and longstanding client to support their operations in South Korea. This deployment consisted of the full NFS Ascent suite, which includes both the Retail and the Wholesale platforms.
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IMCC | Hot Stocks08:44 EDT IM Cannabis partners with Vessel Cannabis for cannabis accessories in Israel - IM Cannabis entered, through its subsidiary, a strategic distribution agreement with Vessel Brand, a subsidiary of Flora Growth, a global consumer-packaged goods leader and pharmaceutical distributor, headquartered in Carlsbad, CA. Vessel is a premium cannabis accessories brand with a range of products.
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LQDT | Hot Stocks08:44 EDT Spokane County, Washington partners with GovDeals to auction helicopter - Spokane County, Washington, is currently hosting an online auction for a 1974 UH-1H-II/T/A/S Helicopter on GovDeals, the leading online marketplace for government agencies to sell vehicles and other surplus assets. The auction is live now and closes on April 17 at 6:30 PM ET. This aircraft had a complete restoration and overhaul of components about 9 hours ago, excellent component times remaining. At Spokane County's discretion, inspection for this item is available by appointment only. An appointment can be requested directly from the auction page. The starting bid for this auction is $400,000 with a $5,000 bid increment. Spokane County is asking all participants to fund a $5,025 deposit prior to bidding.
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VZ | Hot Stocks08:43 EDT Verizon implements Managed SD WAN for Commonwealth of Virginia - Verizon has successfully implemented Managed Software Defined Wide Area Networking to about 1,000 sites for the Commonwealth of Virginia. This milestone accomplishment is a result of the partnership between Verizon and the Commonwealth, where the focus is on further enabling digital government through enhanced network performance.
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AMIX | Hot Stocks08:42 EDT Autonomix completes animal study of renal denervation using catheter-based tech - Autonomix Medical announced the successful completion of an animal study evaluating the company's proprietary catheter-based sensing technology for use in the renal artery. The preclinical porcine model study was designed to assess the ability of the Company's catheter-based sensing technology to effectively sense and target individual nerves surrounding the renal artery. For the study, epivascular injections of ethanol were given to target nerves and the Company's sensing technology was successfully able to capture the down-regulated nerve signal of the treated nerve from within the renal artery, as well as the return to normal signal post ethanol treatment. These results strongly demonstrate the potential of Autonomix's sensing technology to successfully locate nerves around the renal artery. These nerves include those responsible for regulating blood pressure and are the target of recently approved renal denervation procedures for hypertension.
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CDIO | Hot Stocks08:42 EDT Cardio Diagnostics partners with Exponential Health - Exponential Health is set to offer Cardio Diagnostics Holdings' clinical epigenetic-genetic cardiovascular tests, Epi+Gen CHD and PrecisionCHD, to their patients. As a result, Exponential Health is expanding access to a new chapter in the proactive management of heart disease. "We are thrilled to partner with Dr. Baer and Exponential Health," said Meesha Dogan, Ph.D., CEO and Co-Founder of Cardio Diagnostics. "This partnership is a powerful demonstration of our shared commitment to advancing cardiovascular health through innovation. By integrating our precision medicine solutions into Exponential Health's practice, we are poised to make a significant impact on preventing heart disease and improving outcomes for patients."
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BEAT | Hot Stocks08:42 EDT HeartBeam presents results on AI capabilities for detecting arrhythmias - HeartBeam announced new data demonstrating that applying the company's artificial intelligence, AI, algorithms to vectorcardiography showed considerably improved performance in the detection of atrial flutter over single-lead electrocardiograms and similar performance to 12-lead ECGs, the standard for diagnosing atrial flutter. This marks the first scientific presentation on the company's deep learning algorithm, HeartBeam AI. The data was presented by Vivek Reddy, MD, Director of Cardiac Arrhythmia Services at The Mount Sinai Hospital, during the European Heart Rhythm Association conference in Berlin, Germany. In the study, HeartBeam AI with VCG demonstrated a 28% improvement over single-lead ECG in the detection of atrial flutter cases without sacrificing the ability to identify those individuals without atrial flutter. "The study presented at the EHRA conference shows that HeartBeam AI combined with VCG delivers equivalent performance to a 12-lead ECG and greatly improves detection of atrial flutter over a single-lead ECG, underscoring the limitations of current wearable technologies. This presents an opportunity for a VCG-based algorithm that offers arrhythmia detection capabilities beyond what is available today and to fill gaps in healthcare inequality when obtaining a 12-lead ECG is challenging," said Dr. Reddy.
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LMFA | Hot Stocks08:41 EDT LM Funding mines 27.9 bitcoin in March - Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "Our mining operations continued to deliver solid results in March 2024. We mined enough Bitcoin in excess of operating expenses and were able to pay the purchase price balance owed on our recently acquired Bitmain S21 Antminer machines. As we approach the Bitcoin halving event, expected to occur later this month, we expect to be entering into new hosting agreements reflecting post-halving economic realities and will continue to evaluate additional purchases of Antminer machines to drive our further growth." The Company estimates the value of its 163.4 Bitcoin holdings at March 31, 2024, was approximately $11.7 million, based on an estimated April 8, 2024, BTC price of $71,500.
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SSKN | Hot Stocks08:40 EDT Strata Skin Sciences renews distribution agreements in China, Japan - STRATA Skin Sciences announces the renewal of two distinct distribution agreements in international territories - one with the current exclusive distributor in China and a second with the current exclusive distributor in Japan. Terms of each of the distribution agreements are for three years and carry minimum unit placements and/or purchases of the XTRAC and VTRAC devices.
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MCHP | Hot Stocks08:39 EDT Microchip launches AVR-DU family of microcontrollers - The company said, "The well-known advantages of a Universal Serial Bus interface for embedded designs include its compatibility with various devices, streamlined communication protocol, in-field updatability and power delivery capabilities. To help easily incorporate this functionality into embedded systems, Microchip Technology has launched the AVR DU family of microcontrollers. As the next generation of Microchip 8-bit MCUs to integrate USB connectivity, the AVR DU family is designed to provide enhanced security features and higher power delivery than previous iterations."
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NAOV | Hot Stocks08:38 EDT NanoVibronix issues letter to shareholders - NanoVibronix issued a letter to stockholders from its Chief Executive Officer, Brian Murphy, providing a review of the fourth quarter and full year 2023 and recent business developments. "We are committed to our strategic vision of developing, improving and commercializing our distinct and effective therapies, which we believe enable healthcare providers to treat patients in need, fill a void in the market and have the potential to increase value for our stockholders... We continue to make progress in several channels of domestic sales and product adoption...After four years, our efforts to obtain full approval for PainShield from the Centers for Medicare & Medicaid Services have been met with persistent challenges.. Reimbursement is currently approved in the Veterans' Health System and several worker's compensation plans, third party administrators and insurance companies. Our revenues in these markets have, and continue, to grow substantially. Through our strategic, exclusive distributor partners for select markets, and through our direct sales efforts, we are seeing growth every month. The sales growth follows the payer and patient testimonials of superior product efficacy... We continue to make progress and generate additional sales in the Australian and New Zealand markets. Full reimbursement for UroShield is being considered in both markets although the timing is unknown at this point in time. If reimbursement was to be granted, we believe there would be a significant increase in demand for our urology products... The University of Michigan will begin facilitating a gold standard Randomized Control Trial ("RCT") study on the efficacy and patient satisfaction of patients utilizing UroShield... We have been working on several exciting improvements to the existing product portfolio as well as exploring new product opportunities. We selected an engineering partner, which was announced on March 28, 2024. We expect the next generation product development to begin in the early part of the second quarter of this year... We remain focused on driving profitable growth by expanding and increasing our distribution and licensing channels, nurturing relationships with new and existing accounts and engaging consumers through a variety of creative mediums."
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CMND | Hot Stocks08:38 EDT Clearmind CEO says poised to achieve 'significant milestones' through 2024 - Clearmind Medicine provided the following letter to shareholders from the Company's CEO, Dr. Adi Zuloff-Shani: "In 2023, Clearmind made significant advances on its groundbreaking journey, propelling our flagship compound, CMND-100, through critical stages with a goal of revolutionizing the treatment of alcohol use disorder as well as other addictive disorders and mental health conditions. Recently, our efforts reached a key inflection point as the Israeli Ministry of Health approved our Phase I/IIa clinical trial for CMND-100 for AUD. CMND-100, a pioneering MEAI-based formula, has exhibited encouraging results in pre-clinical studies. Notably, it has shown the ability to disrupt the destructive cycle of binge drinking without inducing hallucinations-a common concern with existing treatments. This distinction is vital as it ensures both safety and efficacy in addressing AUD. It uniquely targets the neural pathways to reduce impulsivity and promote reasoned behavior, positioning it as an innovative solution in the battle against addictions. 2023 was marked by an array of significant milestones aimed at initiating our Phase I/IIa clinical trial of CMND-100 in AUD, including: Completing Type A meeting with the FDA. Forming a Data and Safety Monitoring Board for oversight of our first-in-human clinical trial; Strengthening our clinical trial readiness through key partnerships for manufacturing and contract research organization support. Securing IRB Approval for our Phase I/IIa clinical trial in Israel, a critical step towards our clinical endeavors. Announcing Johns Hopkins University and Yale School of Medicine's Department of Psychiatry as the first U.S. sites for our Phase I/IIa clinical trial. Other key developments during the year, included: Unveiling promising pre-clinical outcomes in obesity and metabolic disorders, suggesting MEAI may be a potentially better and safer option compared to other weight-loss drugs currently on the market. Forging a collaboration agreement with CTS Ltd., a pharmaceutical leader in Israel. Advancing our IP with patent filings in the U.S., including the treatment of depression and dyskinesia, bringing our patent portfolio, to 27 granted patents and 24 pending patent applications across 15 patent families. Looking ahead, we believe that we are poised to achieve significant milestones that we hope to substantially enhance shareholder value through 2024. These include the initiation of the Phase I/IIa trial of CMND-100 for AUD, expanding our strategic alliances, advancing our obesity research and trials, as well as progressing our MEAI-based alcohol substitute for the consumer market. We stand on the threshold of a new era in psychedelic-based medical treatment, driven by innovation and a commitment to transforming lives. The journey ahead is filled with potential, and we eagerly anticipate sharing impactful updates with our shareholders."
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SABR... | Hot Stocks08:38 EDT Sabre's intelligent solution Air Price IQ adopted by Latam Airlines - Latam Airlines (LTMAY) and Sabre (SABR) announced the carrier's adoption of Sabre Air Price IQ, an intelligent solution that is part of Sabre's Retail Intelligence suite. Air Price IQ allows airlines to generate relevant offers by analyzing an airline's own shopping and revenue management data in real time along with relevant marketplace insights. It also enables airlines to bring their own pricing models and define business rules and strategies to set boundaries for airfare pricing within the solution, empowering them to turn data and insights into actionable output. In partnership with Alphabet's (GOOG) Google Cloud, Sabre Travel AI provides AI solutions and automated machine learning tools that sense, analyze and predict consumer behaviors - using real-time shopping and sophisticated travel-specific business insights.
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RKNEF | Hot Stocks08:36 EDT Optiva, GDi parnter for integrated BSS, OSS solutions - Optiva announced a strategic go-to-market partnership with GDi. The partnership will provide communication service providers with pre-integrated and tested BSS and OSS software. As the telecom industry embraces GenAI opportunities, unifying and integrating billing and charging customer data with network management and operations support data has never been more critical. Optiva and GDi bring decades of telecom industry experience to customers across the globe, working closely with large network operators, MVNOs and new market entrants. The partnership will enable rapid time to market for innovative new services for joint clients and optimize the upgrade and modernization of legacy BSS and OSS systems to meet customer expectations and improve operational efficiencies.
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OSIS | Hot Stocks08:36 EDT OSI Systems receives $6M order for patient monitoring solutions - OSI Systems announced that its Healthcare division, Spacelabs Healthcare, received an order valued at approximately $6 million to provide patient monitoring solutions and related accessories to a U.S. based hospital. Among the solutions that the Company is expected to provide are Xhibit Central Stations, Xprezzon patient monitors, and Qube patient monitors. "We are delighted to receive this significant order and look forward to supporting this hospital's infrastructure upgrades. Our focus remains on offering advanced patient monitoring solutions that play a vital role in delivering superior patient care," commented Deepak Chopra, OSI Systems' Chairman and CEO.
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AMPX | Hot Stocks08:35 EDT Amprius Technologies selected to power AIBOT's aiEVTOL ecosystem - Amprius Technologies announced it has been selected by AIBOT to be its trusted battery partner. Amprius SiCore batteries will enable AIBOT's next-generation aiEVTOL vehicles, ushering in a new era in electric aviation. "AIBOT's focus on developing cutting-edge autonomous electric aircraft solutions aligns with our commitment to pushing the boundaries of battery technology," said Dr. Kang Sun, CEO of Amprius. "We applaud their strategy to validate their autonomous aircraft through a phased approach, accelerating their time-to-market. Our SiCore batteries offer unmatched performance in electric mobility, and we are confident that our technology can help AIBOT achieve their goal of creating a connected, autonomous, and ultra-safe aircraft ecosystem."
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NRSN | Hot Stocks08:35 EDT NeuroSense, Lonza announce collaboration - Lonza and NeuroSense Therapeutics announced a collaboration to evaluate biological changes occurring in people with neurodegenerative diseases, including ALS. This agreement provides NeuroSense with access to Lonza's unparalleled, state-of-the-art extracellular vesicles expertise and capabilities quickly and on an 'on-demand' basis, without further commitments. NeuroSense will leverage its extensive experience in biomarker utilization in neurodegenerative diseases. Lonza will provide the development, optimization, and qualification of a method measuring biomarkers from NDEs, which will be integrated into the development of NeuroSense's lead product candidate for ALS, PrimeC
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IMAX | Hot Stocks08:35 EDT Imax adds three new Imax With Laser locations in China - Imax and Bona Film Group are expanding their partnership with an agreement for three new Imax with Laser systems in China, set to begin operation starting in 2026. Imax and Bona Film Group have partnered since 2012 - this deal will bring the total number of Imax locations with Bona Film Group to 36. The agreement marks the first deal for the two companies post-COVID.
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NAMS | Hot Stocks08:34 EDT NewAmsterdam: Enrollment met for 3 Prevail outcomes trial for ASCVD - NewAmsterdam Pharma Company announced that it has met the enrollment target of 9,000 patients for the pivotal Phase 3 PREVAIL cardiovascular outcomes trial evaluating obicetrapib in adult patients with a history of atherosclerotic cardiovascular disease ASCVD whose LDL-C is not adequately controlled, despite being on maximally tolerated lipid-lowering therapy. Driven by strong patient and physician interest globally, NewAmsterdam will extend enrollment to the end of April where we expect to randomize over 9,000 patients..."We are pleased to announce that our enrollment target has been met for our pivotal Phase 3 PREVAIL trial, marking a crucial milestone in NewAmsterdam's mission to advance cardiovascular treatment for the millions of people who are failing to meet their risk-based LDL-C goals despite taking maximally tolerated lipid-lowering therapy," said Michael Davidson, M.D., Chief Executive Officer of NewAmsterdam. "PREVAIL, our pivotal CVOT, will potentially demonstrate that obicetrapib's lowering of LDL-C will reduce major adverse cardiac events . We expect data from PREVAIL will complement results from our ongoing pivotal Phase 3 trials, BROADWAY, BROOKLYN and TANDEM, and further support obicetrapib's clinical profile as a well-tolerated and potentially highly effective option for treating hypercholesterolemia and preventing serious cardiovascular disease, if approved."
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RCAT OPTT | Hot Stocks08:34 EDT Red Cat, Ocean Power partner for integration of Teal 2 Drones - Red Cat Holdings (RCAT) announces a partnership with Ocean Power Technologies (OPTT). The partnership will enable organizations using OPT's PowerBuoy and WAM-V platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time. Red Cat's collaboration with Ocean Power Technologies and integration with OPT's maritime domain awareness solution adds to its robust tactical ecosystem of partnerships with leading companies to provide the best solutions to clients for their tactical missions. Other Red Cat hardware and software partners include Primordial Labs, Tomahawk Robotics, Athena AI, Teledyne FLIR, Reveal Technology, Immervision, and Doodle Labs, which enable capabilities such as computer vision, AI, and third-party apps.
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GPRE | Hot Stocks08:34 EDT Green Plains releases 2023 Sustainability Report - Green Plains released its 2023 Sustainability Report, outlining priorities and targets related to the planet, people and principles. The fourth annual report highlights continued progress on Green Plains' carbon reduction strategies, advancements in technology innovations and partnerships, and attainment of certifications for food safety and sustainability. "Our longstanding commitment to sustainability and innovation has made Green Plains a leader in providing low carbon-intensity, sustainable ingredients," said Todd Becker, President and Chief Executive Officer of Green Plains. "Each of our annual sustainability reports emphasizes our prioritization of reducing carbon intensity, improving workplace safety, and a steadfast commitment to transparency and accountability. As we transform, our dedicated team of employees continually builds new pathways to achieving our sustainability goals, evolving our focus and enhancing our capabilities."
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HBI | Hot Stocks08:34 EDT Hanesbrands, Duke University extend long-term apparel partnership - HanesBrands announces a five-year extension of its current apparel partnership with Duke University. The partnership renews HanesBrands exclusive rights to sell Duke's fanwear in the mass retail channel. "Passion for the Blue Devils runs deep in HanesBrands' home state of North Carolina as well as nationally, and we're proud to continue to support and engage their faithful fanbase," said John Fryer, HanesBrands President of Licensed Sports Apparel. "This is our longest extension to date with Duke, and it's testament that our partnership is helping to grow their market among loyal fans, alumni and students."
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GNPX | Hot Stocks08:33 EDT Genprex collaborators report 'positive' data on Reqorsa, NPRL2 gene therapy - Genprex announced that its research collaborators presented positive preclinical data for Reqorsa Immunogene Therapy and NPRL2 gene therapy, which both utilize the company's non-viral Oncoprex Delivery System for the treatment of lung cancer. These studies were presented at the 2024 American Association for Cancer Research Annual Meeting, which is being held April 5-10, 2024 in San Diego, California.
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OSS | Hot Stocks08:33 EDT One Stop Systems appoints Craig Powell as business development executive - One Stop Systems has expanded its business development team and appointed Craig Powell Business Development Executive. Under this new role, Powell will be responsible for expanding the Company's sales opportunities in U.S. and International defense and commercial markets. Most recently, Powell was Vice President of Business Development at Overwatch Imaging, a developer of automated, multispectral smart sensors and AI-enabled software solutions.
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IMAX | Hot Stocks08:32 EDT Imax adds three new Imax With Laser locations in Thailand - Imax and Major Cineplex announced plans to expand their partnership with an agreement for three new Imax with Laser locations. The deal will add systems to key locations across Thailand, including one in Bang Kapi, Bangkok - set to open in 2024 - and two additional locations in Bangkok set to open in 2026 and 2027. Major Cineplex is the largest exhibitor in Thailand, and currently operates nine Imax locations across Thailand and Cambodia. The two companies have partnered since 1998.
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FMCC | Hot Stocks08:32 EDT Freddie Mac sells $104M in non-performing loans - Freddie Mac sold via auction 679 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio. The loans, with a balance of approximately $104 million, are currently serviced by Specialized Loan Servicing LLC and NewRez LLC, d/b/a Shellpoint Mortgage Servicing. The transaction is expected to settle in June 2024. The sale is part of Freddie Mac's Standard Pool Offerings. Freddie Mac, through its advisors, began marketing the transaction on March 6, 2024, to potential bidders, including non-profits and Minority, Women, Disabled, LGBTQ+, Veteran or Service-Disabled Veteran-Owned Businesses, neighborhood advocacy organizations and private investors active in the NPL market. Bids for the upcoming Extended Timeline Pool Offering, which is a smaller sized pool of loans, are due from qualified bidders by April 25, 2024. For the SPO offering, the loans were offered as one pool of mortgage loans. The pool consists of mortgage loans secured by geographically diverse properties. Given the delinquency status of the loans, the borrowers have likely been evaluated previously for loss mitigation, including modification or other alternatives to foreclosure, or are in foreclosure. Mortgages that were previously modified and subsequently became delinquent comprise approximately 47 percent of the aggregate pool balance. Additionally, purchasers are required to honor the terms of existing loss mitigation agreements and solicit distressed borrowers for additional assistance except in limited cases and ensure all pending loss mitigation actions are completed.
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WSPOF | Hot Stocks08:30 EDT WSP Global to acquire 1A Ingenieros, terms not disclosed - WSP Global has entered into an agreement to acquire 1A Ingenieros, a 250-employee Spanish consulting firm operating mainly in the Power & Energy sector. The acquisition is expected to be completed in the second quarter of 2024. This transaction will enhance WSP's capabilities in Spain in the Power & Energy sector, creating a strong multidisciplinary business in the region with a balanced portfolio in the three core markets - Transportation & Infrastructure, Power & Energy, Property and Buildings, and presence in Earth and Environment. It will also increase WSP's local workforce by approximatively 70 % and expand its geographical presence in the country with the addition of four new regions: Castilla y Leon, Galicia, Castilla-La Mancha, and Extremadura. With a combined team of approximately 600 employees, WSP will become one of the leading international engineering firms in the country.
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MYGN | Hot Stocks08:29 EDT Myriad reports results from real-world study of patients with depression - Myriad Genetics revealed results from a multi-year, real-world study of nearly 21,000 patients that indicated those with major depressive disorder had reduced healthcare utilization after taking the GeneSight Psychotropic test. The study demonstrated that the percentage of patients with hospitalizations was significantly reduced 180 days after GeneSight testing: 39% relative reduction in psychiatric-related hospitalizations. 29% relative reduction in hospitalizations for any reason. Significant reduction in hospitalizations for patients who were switched to a medication with no or moderate gene-drug interactions. The study found that, among patients who took the GeneSight test, there was a decrease in the proportion of patients who were prescribed medications with significant gene-drug interactions after taking the test: The percentage of patients who were prescribed medications in the significant gene-drug interaction category was reduced from 26.1% to 15.9%. The percentage of patients who were prescribed medications with no gene-drug interactions increased from 27.5% to 47%.
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SBOW | Hot Stocks08:27 EDT SilverBow announces filing of definitive proxy statement, shareholder letter - SilverBow Resources announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission in connection with the Company's 2024 Annual Meeting of Shareholders, scheduled to be held on May 21, 2024. The Company has also mailed a letter to SilverBow shareholders recommending they vote for SilverBow's three director nominations. Highlights from the letter include: "SilverBow is successfully advancing its long-term value creation strategy. SilverBow's highly qualified Board has proposed significant corporate governance improvements at the upcoming 2024 Annual Meeting, including declassifying the Board, adopting a majority voting standard in uncontested elections of directors and eliminating supermajority vote requirements for shareholders. Kimmeridge is pursuing a proxy fight to further its attempt to gain control of the Company and force a combination between SilverBow and KTG on terms that are unfavorable to SilverBow shareholders. SilverBow has been and continues to be open to exploring transactions at appropriate valuations."
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WISH | Hot Stocks08:27 EDT ContextLogic urges stockholders to vote for Qoo10 transaction - ContextLogic reminded stockholders to vote at the upcoming special meeting of stockholders on Friday, April 12, 2024, at 10:00 a.m. Pacific Time. The ContextLogic Board of Directors recommends that stockholders vote "FOR" the proposed Asset Sale transaction with Qoo10. Upon closing of the transaction, ContextLogic will continue as a publicly traded company with ~$2.7 billion of net operating loss carryforwards. If the Company's stockholders approve the transaction at the Special Meeting on Friday, then the Asset Sale would be scheduled to close on April 16th. In that case, the Company estimates that its post-closing cash would range from $150-157 million. However, the estimate is based on an April 16th closing. As described in the Company's proxy materials for the Special Meeting, the cash consideration to be paid to the Company is subject to a purchase price adjustment based on the Company's cash balance at closing. Because of the Company's negative cash flow described in the proxy materials for the Special Meeting, every day that stockholder approval is delayed will very likely result in lower post-closing cash. The decrease could be material. Therefore, with the Special Meeting fast approaching, it is extremely important that stockholders vote as soon as possible, no matter how many shares they own. Leading proxy advisory firms Institutional Shareholder Services, Glass Lewis and Egan-Jones have all recommended that ContextLogic stockholders vote "FOR" the proposed Asset Sale. The newly reconstituted Board and leadership will evaluate opportunities to maximize the value of the Company's NOLs on behalf of stockholders and explore the opportunity for a financial sponsor to help realize the value of its tax assets. Maximizing the Company's post-closing cash will best position the Company's post-closing Board and leadership to pursue transactions that will utilize those tax assets for the benefit of ContextLogic stockholders. To ensure your shares are represented at the Special Meeting, ContextLogic stockholders are urged to vote online or by telephone by following the easy instructions on the previously provided proxy card. Electronic voting deadline is 11:59 p.m. Eastern Time on Thursday, April 11, 2024. The Company expects to complete the transaction in the second quarter of 2024, subject to the approval of ContextLogic's stockholders and other customary closing conditions.
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QLGN | Hot Stocks08:25 EDT Qualigen announces AACR poster featuring early clinical experience with QN-302 - Qualigen Therapeutics announces that a poster featuring its early clinical experience with a novel first-in-class G-Quadruplex experimental anti-cancer drug, QN-302, was presented at the American Association for Cancer Research AACR Annual Meeting 2024 held April 5 - 10 in San Diego, California. "These early clinical data from this multi-center Phase 1 study in patients with metastatic pancreatic cancer are encouraging and further corroborate our approach for utilizing QN-302 as a potential treatment for advanced pancreatic cancer," commented Michael Poirier, Qualigen's Chairman and Chief Executive Officer. "The three pancreatic cancer patients in the trial to date had ultimately failed extensive prior therapy including Standard of Care and subsequently received the lowest dose of QN-302, with no Dose Limiting Toxicity or Significant Adverse Events observed, leading to reportedly "good" quality of life during the dosage period. In addition, two patients showed no disease progression over months of treatment." The Annual AACR Conference is a focal point of the cancer research community, where scientists, clinicians, other healthcare professionals, survivors, patients, and advocates gather to share the latest advances in cancer science and medicine.
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BCTX | Hot Stocks08:25 EDT BriaCell showcases clinical data on Bria-IMT at AACR 2024 - BriaCell Therapeutics is presenting clinical data from its lead product candidate, Bria-IMT, in two posters of its three poster sessions during the 2024 American Association for Cancer Research Annual Meeting held from April 5-10 at San Diego Convention Center, San Diego, CA. Poster 1 - Title: Efficacy of Bria-IMT regimen in inducing CNS metastasis regression: Superior clinical benefit of Bria-IMT regimen - alone or combined with an immune check point inhibitor in advanced breast cancer patients with CNS metastatic disease: Clinical efficacy: 71% intracranial objective response rate, defined as the percentage of patients who achieve a complete response or partial response in intracranial tumors, achieved in patients with central nervous system metastases treated with the Bria-IMT regimen, either alone or in combination with an immune checkpoint inhibitor. These patients failed multiple prior treatments including 2 antibody-drug conjugates in one case. Clinical benefit is observed across all subsets of breast cancer. Safety profile: Absence of both interstitial lung disease, a common serious adverse event with ADCs, and no Bria-IMT-related treatment discontinuations underscore Bria-IMT's excellent tolerability and favorable safety profile. In summary, Bria-IMT's tumor reductions observed in all breast cancer subtypes in patients with intracranial disease underlines its potential clinical effectiveness in managing CNS metastatic disease in advanced breast cancer. BriaCell will continue to monitor the data in this subgroup of patients including a pre-planned subgroup analysis in the current pivotal Phase 3 study in advanced metastatic breast cancer. Treatment of patients with CNS metastatic disease represents a potential additional indication for market approval of Bria-IMT. Poster 2 - Title: Efficacy and safety of SV-BR-1-GM after progression on ADC in metastatic breast cancer patients: Notable progression-free survival benefit of Bria-IMT in ADC resistant advanced metastatic breast cancer: Phase 2 clinical data of the Bria-IMT regimen in 23 advanced metastatic breast cancer patients who failed multiple prior treatments including ADCs and CPIs are presented. Progression-free Survival Benefit: Median progression free survival, defined as the length of time during which a patient's cancer does not get worse, in heavily pre-treated patients of 3.5 months is comparable to that seen in similar studies in patients with a history of fewer prior treatments. Similarly, median PFS of 4.2 months in patients receiving the Bria-IMT pivotal phase 3 formulation is approximately twice the PFS figures reported for treatment of physician's choice in other similar studies. These PFS results suggest superior clinical efficacy considering the larger number of prior treatments in Bria-IMT patients vs those of the other studies. Clinical efficacy: PFS is similar or better than that of the last regimen in 48% of the patients suggesting Bria-IMT effectiveness in delivering clinical and survival benefits in these patients. Additionally, a clinical benefit rate, defined as percentage of patients whose disease shrinks or remains stable over a certain time, of 56% is observed in evaluable patients further highlighting clinical benefit. Subset specific clinical benefits: Study data to date suggests clinical benefit for multiple breast cancer subtypes including HR+/HER2- with a CBR following treatment, of 63%; HER2+ subtype with a 100% CBR and HR-/HER2 low subtype showing a CBR of 66%. Safety profile: There are no incidents of interstitial lung disease - a well-documented serious adverse event associated with ADCs, - in either ADC naive or ADC treated patients, and no treatment-related discontinuations of Bria-IMT. In summary, the data to date shows that Bria-IMT(TM) provides prolonged progression-free survival and clinical benefits in heavily pre-treated, ADC resistant breast cancer patients compared with those in other similar studies. BriaCell will be monitoring ADC resistant patients in its ongoing pivotal Phase 3 study of Bria-IMT and CPI in advanced metastatic breast cancer.
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MSTR... | Hot Stocks08:25 EDT MicroStrategy ONE platform now available on Google Cloud Marketplace - MicroStrategy Incorporated (MSTR) announced the immediate availability of its flagship AI/BI solution, MicroStrategy ONE, on Google Cloud (GOOGL) Marketplace, allowing enterprises to easily find and deploy this cloud-native platform to facilitate data-driven decision-making throughout the organization with the power of cloud intelligence.
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XNCR | Hot Stocks08:23 EDT Xencor appoints Cornelissen as Chief Financial Officer - Xencor announced the appointment of Bart Cornelissen to senior vice president and chief financial officer. Cornelissen has more than 20 years of experience in corporate financial planning, analysis and transaction support. Before joining Xencor, he was most recently vice president, corporate finance at Seagen, where he was instrumental in the company's transformation into a global, multi-product organization that generated over $2 billion in annual revenue.
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GMGI | Hot Stocks08:20 EDT Golden Matrix completes acquisition of MeridianBet Group - Golden Matrix Group announced the closing of the previously announced acquisition agreement, pursuant to which Golden Matrix acquired ownership of the MeridianBet Group and its related companies, in a cash, debt and stock transaction. The acquisition was approved by Golden Matrix's Board of Directors and by the Company's shareholders at the special meeting held on March 19, 2024. The combination of the two companies' dynamic business-to-business and business-to-consumer casino, sports betting and tournament platforms creates a global enterprise operating in 17 countries on four continents. The common stock of the combined company will continue trading on The Nasdaq Capital Market under the ticker symbol "GMGI."
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WHG | Hot Stocks08:19 EDT Westwood Holdings Group launches first exchange-traded fund - Westwood Holdings launched the Westwood Salient Enhanced Midstream Income ETF. The fund is the first Westwood Exchange-Traded Fund. MDST seeks to deliver current income and capital appreciation by investing in midstream energy companies, defined as companies and master limited partnerships that gather, transport, store and distribute crude oil, natural gas and other energy products. The ETF combines a high conviction, actively managed, energy-focused equity portfolio with an options overlay designed to produce enhanced income distributions for investors.
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ICAD | Hot Stocks08:18 EDT iCAD announces strategic 'breast imaging' partnership with Densitas - iCAD announced a strategic partnership with Densitas...The partnership enables breast imaging centers and radiologists to provide end-to-end breast health care that ensures every aspect of a woman's breast health journey is addressed, starting from the first step of quality screening mammograms and extending through breast cancer detection, breast density assessment, and a comprehensive evaluation of breast cancer risk. "We are thrilled to announce this strategic collaboration with Densitas to offer physicians and patients a more comprehensive, holistic approach to precision breast health care," said Dana Brown, President and CEO of iCAD. "By combining Densitas' AI-powered intelliMammo platform with iCAD's AI-powered ProFound Breast Health Suite, we are transforming early breast cancer detection and intervention."
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PANW GOOG | Hot Stocks08:19 EDT Palo Alto Networks expands AI cybersecurity partnership with Google Cloud - Palo Alto Networks (PANW) and Alphabet's (GOOG) Google Cloud announced the most significant expansion of their partnership to date. Palo Alto Networks has extended and increased its commitment to Google Cloud with a ten-figure, multi-year commitment and named Google Cloud its AI and infrastructure provider of choice. Google Cloud has considered Palo Alto Networks its preferred next-generation firewall provider, and the expanded agreement solidifies that relationship. Palo Alto Networks Network Security platform with VM Series is embedded into Google Cloud and it will leverage Cloud Delivered Security Services offerings. Palo Alto Networks Cortex XSIAM, the AI-driven security operations platform, backed by Google's advanced cloud infrastructure and advanced AI services, aims to deliver global scale and near real-time protection across all cybersecurity offerings.
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WSR | Hot Stocks08:18 EDT Whitestone REIT acquires Scottsdale Commons for $22.2M - Whitestone REIT announced the acquisition of Scottsdale Commons in Scottsdale, Arizona for $22.2 million. Scottsdale Commons sits on the second most trafficked intersection in Scottsdale and acts as a gateway linking North Scottsdale and Paradise Valley. The 69,000 square foot center is 96.6% occupied with 20 tenants including Rosati's Chicago Pizza, specialty butcher Rusty Nail Meats, U.S. Egg, winner of Phoenix Magazines 2023 Best Breakfast Award, pet care service provider Companion Pet Partners and BevMo which serve a surrounding community with a 3-mile average household income of $138k. The acquisition is funded through Whitestone's capital recycling program, which is intended to improve the overall quality of its portfolio through targeted dispositions and the acquisition of greater long-term value properties. The program began in 2022, is intended to match disposition proceeds with acquisition funding amounts, and now totals over $100 million in acquisitions with an annual base rent of approximately $27 per square foot and combined capitalization rate of 7.1% based on actual or projected year one NOI. The properties sold to date have an annual base rent per square foot of approximately $18 and were sold at an aggregate capitalization rate of 6.2%, based on trailing twelve-month NOI.
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IHG... | Hot Stocks08:17 EDT InterContinental, Google Cloud announced expanded partnership - IHG Hotels & Resorts (IHG) and Google Cloud (GOOG, GOOGL) announced an expanded partnership that will fuel new customer experiences within the IHG One Rewards mobile app. With Google Cloud's technologies, IHG will launch a generative AI-powered travel planning capability that can help guests easily plan their next vacation directly in the IHG One Rewards mobile app in a suite of new features that will launch in the second half of 2024, creating a more dynamic digital guest experience.
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IMXI | Hot Stocks08:16 EDT Intermex announces new headquarters at Datran Center in Florida - Intermex announces the official relocation of its headquarters to the Datran Center in Miami-Dade, Florida. The move represents a key milestone for Intermex, illustrating its commitment to growth, and an expanding presence in South Florida. The new headquarters at the Datran Center is expected to attract more top talent, especially in the financial, digital, and technology sectors, further fueling Intermex's growth and innovation. With Miami rapidly emerging as a formidable financial and tech hub in the United States, Intermex is proud to reaffirm its commitment to the city, recognizing its strategic importance in our ongoing expansion and as a pivotal location for nurturing talent.
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PZZA | Hot Stocks08:16 EDT Papa John's deepens partnership with Bajco Group - Papa John's International announced plans to open 50 new restaurants by 2028 in partnership with franchisee Nadeem Bajwa and his company, The Bajco Group, which has grown over the past 20 years to become one of Papa Johns largest domestic franchisees. Furthering Bajwa's goal to own 500 Papa Johns restaurants, the new agreement will expand the Papa Johns footprint in The Bajco Group's existing markets across the Midwest and in Arizona, Pennsylvania and Florida, adding to the more than 200 restaurants the franchisee and his team currently operate.
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SNX | Hot Stocks08:16 EDT TD Synnex, Scality announce partnership - Scality announced a strategic partnership with TD Synnex to distribute Scality's secure, simple object-storage software solutions to resellers serving enterprises in the DACH region. The partnership extends the reach of Scality's advanced object-storage solutions to organizations seeking affordable, enterprise-grade ransomware backup solutions to strengthen their cyber security posture across hybrid-cloud environments.
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GDEV | Hot Stocks08:15 EDT GDEV Inc. announcs launch of Pixel Gun 3D on PC platform - GDEV announces the launch of the mobile title Pixel Gun 3D on PC platform. The game was launched on Steam April 2, entering on debut the Top 20 most sold and Top 50 most played games. The peak concurrent Steam users count reached 25,000 players on the first day of release. The Steam version of Pixel Gun 3D recouped its PC platform development costs within the first day of release, making 5 times the average daily in-app purchases of the mobile version. The results were achieved without significant marketing investments, capitalizing on strong brand awareness across the globe. The PC version of Pixel Gun 3D offers enhanced graphics, as well as full cross-platform multiplayer functionality with mobile.
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AWH | Hot Stocks08:15 EDT Aspira: Anthem Blue Cross to provide coverage for OvaSuite in California - Aspira Women's Health announced a new agreement with Anthem Blue Cross in California for reimbursement coverage of the Company's OvaSuiteSM portfolio of risk assessment tests effective June 1 Anthem Blue Cross will provide coverage for its commercial and government lines of business, including Medicare Advantage and Medicaid, which represents a total of approximately six million covered lives in California. "We are very pleased to add Anthem Blue Cross to our list of payers providing coverage for our OvaSuite portfolio, which provides a clear benefit to physicians in their clinical assessment of women with adnexal masses," said Torsten Hombeck, Chief Financial Officer of Aspira. "This is the first in a series of anticipated agreements with Anthem affiliated members following our successful completion of its credentialing process in March. Our strategic focus on payer adoption continues to gather momentum."
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AGMH | Hot Stocks08:15 EDT AGM Group Holdings enters partnership with RDA - AGM Group Holdings is thrilled to announce the signing of a Memorandum of Understanding with Red Dot Analytics for collaborative efforts in constructing AI data centers. Under the MOU, RDA will strategically collaborate with AGMH to pioneer innovative initiatives in constructing AI hyper-connected GPU-driven data centers. Leveraging RDA's advanced Digital-twin platform and Company's purpose-built data centers for AI workloads, the partnership aims to validate designs, optimize predictions, improve PUE, and enable intelligent monitoring. Together, they will develop Digital-twin based, AI-driven solutions to enhance energy efficiency and sustainability in AI data centers. Pilot projects for AI data centers in Asia and Canada are set to commence, with further details to be discussed.
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EPD | Hot Stocks08:15 EDT Enterprise Products receives deepwater port license for Spot Project - Enterprise Products Partners announced that it has received the deepwater port license for the Sea Port Oil Terminal, SPOT, from the United States Maritime Administration, an agency within the federal Department of Transportation. The license enables Enterprise to move forward to the next step in developing the offshore terminal capable of loading 2 million barrels per day of crude oil. "I would like to congratulate the entire Enterprise team, which demonstrated outstanding technical skills, dedication and perseverance over the past five years, allowing us to receive this license," said A.J. "Jim" Teague, co-chief executive officer of Enterprise's general partner. "With U.S. exports of crude oil at 4 million BPD, SPOT offers a more environmentally friendly, safe, efficient and cost-effective way to deliver crude oil to global markets. The receipt of the license is the most significant milestone to date in the development and commercialization of SPOT."
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BBY... | Hot Stocks08:14 EDT Best Buy, Google Cloud and Accenture partner in generative AI for customer care - Best Buy (BBY), Alphabet's (GOOG) Google Cloud, and Accenture (ACN) announced a new collaboration that will involve deploying generative AI to improve the experience for Best Buy customers looking for support services. By leveraging Google Cloud's generative AI technology, Best Buy is creating new ways for customers to get solutions. It is anticipated that Best Buy's U.S. customers will be able to connect with a gen AI-powered virtual assistant for self-service support starting in late summer 2024. The assistant can help with things like troubleshooting product issues, rescheduling or combining order deliveries, or managing software, Geek Squad subscriptions and My Best Buy Memberships. In the coming months, Best Buy will also launch new gen-AI enabled capabilities for customer care agents to use while interacting with a customer across various internal platforms. Best Buy will work with Google Cloud and Accenture to develop an AI-driven assistant specifically for its front-line employees serving customers nationwide.
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AMTX | Hot Stocks08:14 EDT Aemetis allocates $10.5M in tax credits for biofuels plant efficiency projects - Aemetis received an allocation of $10.5 million of Inflation Reduction Act tax credits by the U.S. Department of Energy and the Internal Revenue Service under the first phase of IRA Section 48C awards. The Aemetis Five Year Plan projects that Aemetis will receive a total of $450 million of IRA tax credits to support funding of its renewable fuels projects. In October 2023, Aemetis completed the sale of $63 million of IRA tax credits to a single buyer and received $55 million in funding. Aemetis was awarded the $10.5 million allocation of transferable tax credits to support the Mechanical Vapor Recompression energy efficiency project and other energy efficiency projects at the Aemetis Keyes ethanol production facility in California. The competitive process for funding was managed by the DOE as an advisor to the IRS which selected recipients based on an extensive and detailed review of each project. The MVR project and related upgrades are expected to cost about $30 million, with design engineering already completed and equipment procurement underway for planned installation in the first half of 2025. In addition to the $10.5 million of IRA tax credits, Aemetis already has been awarded $6 million of grant funding by the California Energy Commission and has been approved for up to $3.2 million of additional funding from the Pacific Gas & Electric Energy Efficiency Program, pending project completion and verification of energy savings. The MVR project is expected to reduce fossil natural gas use at the Keyes plant by 80% and lower the carbon intensity of the biofuels produced by the Keyes plant by more than 20%, which together is expected to substantially improve operating cash flow.
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ATXS CALA | Hot Stocks08:12 EDT Astria Therapeutics appoints Agarwal to board of directors - Astria Therapeutics (ATXS) announced the appointment of Sunil Agarwal, M.D., to its Board of Directors. Agarwal has more than 20 years of biotechnology research, development, and commercialization experience. Agarwal currently serves on the Board of Directors of Arvinas and was previously a Board member of Calithera Biosciences (CALA), MyoKardia, and Vitrisa Therapeutics.
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CADL | Hot Stocks08:12 EDT Candel Therapeutics presents preclinical data on immunotherapy candidate - Candel Therapeutics announced the presentation of a poster during the American Association for Cancer Research Annual Meeting, taking place April 5 through 10 in San Diego, which focused on a first-in-class multimodal immunotherapy candidate for induction of tertiary lymphoid structures, being developed as a novel therapeutic strategy for solid tumors from Candel's enLIGHTEN Discovery Platform. TLSs are ectopic lymphocyte aggregation structures found in the tumor microenvironment and their induction could potentially improve anti-tumor immunity. The presentation describes the development of an investigational TLS-inducing multimodal therapeutic using the enLIGHTEN Discovery Platform. The enLIGHTEN Advanced Analytics suite was applied to immune checkpoint inhibitor-treated patient datasets, and the predicted payload components included factors regulating the development of TLS. Delivery of two unique in silico predicted payload combinations, using an enLIGHTEN programmable vector, resulted in TLS induction, monotherapy anti-tumoral activity, and enhanced responses in combination with anti-PD-1 antibody therapy in mouse models of solid tumors. "The recent observation that the presence of TLS in tumors is an important prognostic factor associated with an improved response to immunotherapy has fueled drug development efforts in this area. However, TLS assembly is complicated and requires a series of events, including antigen presentation, stromal cell activation, and immune cell activation and aggregation, which are difficult to obtain with a single therapeutic," said Francesca Barone, MD, PhD, Chief Scientific Officer at Candel. "The enLIGHTEN Discovery Platform enables the generation of multimodal agents through the integration of artificial intelligence-driven payload combinations into programmable vectors. This makes it possible to create a single asset that may induce TLS formation and enhance anti-tumor immunity."
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DT... | Hot Stocks08:11 EDT Dynatrace expands go-to-market partnership with Google Cloud - Dynatrace (DT) announced an expanded go-to-market, GTM, partnership with Google Cloud (GOOGL). Together, the two companies will enable more customers worldwide to adopt the Dynatrace platform on Google Cloud for AI-powered analytics and automation of their cloud-native environments to achieve their digital transformation goals. The GTM motions include joint sales enablement and marketing initiatives, including customer solution workshops, marketing campaigns, and events.
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ORAN... | Hot Stocks08:11 EDT Orange, Google Cloud expand partnership - Google Cloud (GOOG, GOOGL) and Orange (ORAN) announced they have expanded their collaboration to deploy artificial intelligence, including gen AI, closer to Orange's and its customers' operations. Through the use of Google Distributed Cloud, Orange can meet local requirements for cloud environments, accelerate AI adoption and benefits for customers, and foster an open and value-driven approach.
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NATL | Hot Stocks08:11 EDT NCR Atleos' ATM as a Service selected by AZFCU - NCR Atleos Corporation announced that $3.3 billion-asset Arizona Financial Credit Union, AZFCU, has selected Atleos' ATM as a Service to increase operational efficiencies within the self-service banking channel while improving the member experience. "This is an exciting time for AZFCU as we continue to grow our membership and expand into new areas across the state. We needed a way to support this scale with added operational efficiencies and a robust member experience," said Chad Forkenbrock, EVP & Chief Operating Officer of AZFCU. "With Atleos' ATMaaS, we will be able to bring new functionality, faster innovation and greater reliability and uptime to our members while also benefitting from the predictable cost structure and more time to focus on strategic growth plans."
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NVEI | Hot Stocks08:10 EDT Nuvei granted Major Payment Institution license in Singapore - Nuvei's Singapore entity, Nuvei Singapore, has been granted a Major Payment Institution - MPI - license by the Monetary Authority of Singapore. This new license enables Nuvei to operate three types of payments services in Singapore, including domestic money transfer, cross-border money transfer, and merchant acquisition services. The MPI license complements Nuvei's expansion across Asia-Pacific, including launching direct card acquiring capabilities in Australia, and its continued growth in China.
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DFS... | Hot Stocks08:09 EDT Discover announces strategic collaboration with Google Cloud - Discover (DFS) announced a strategic collaboration with Google Cloud (GOOG, GOOGL) to introduce generative AI technology into its customer care centers. This collaboration aims to enhance the customer and agent experience, and improve agent productivity, offering faster, more personalized, and efficient resolutions. Using Google Cloud's AI platform, Vertex AI, Discover will empower its nearly 10,000 contact center agents with gen AI-driven tools with capabilities such as: Intelligent document summarization: Vertex AI will analyze and summarize complex policies and procedures, providing agents with information at their fingertips and rapid insight to answer customer needs. Real-time search assistance: Using natural language, agents can access vast knowledge bases to suggest relevant information during live interactions, so they spend less time searching and more time helping customers.
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MDGL | Hot Stocks08:09 EDT Madrigal: Rezdiffra available in the U.S. for noncirrhotic NASH - Madrigal Pharmaceuticals announced that Rezdiffra or resmetirom, is now available in the U.S. Rezdiffra is indicated in conjunction with diet and exercise for the treatment of adults with noncirrhotic NASH with moderate to advanced liver fibrosis . Continued approval for this indication may be contingent upon verification and description of clinical benefit in ongoing confirmatory trials.Bill Sibold, Chief Executive Officer of Madrigal, stated, "The introduction of Rezdiffra as the first and only FDA-approved therapy in NASH marks a turning point for Madrigal and the NASH community. Since approval, we have been partnering with healthcare providers, payers, and patient advocates to build new care pathways that will help patients access Rezdiffra and achieve their treatment goals. Our field teams are fully deployed, our specialty pharmacy network is processing prescriptions, our supply chain is fully operational, and most importantly, the first patients are now receiving Rezdiffra."
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INSE | Hot Stocks08:09 EDT Inspired Entertainment receives non-compliance notification from Nasdaq - Inspired Entertainment received a standard notification letter from the Listing Qualifications Department of the Nasdaq Stock Market stating the Company was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Form 10-K for the year ended December 31, 2023 with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the Company's common stock on Nasdaq. Under the Nasdaq rules, the Company has 60 calendar days, or until June 3, 2024 to file the 2023 Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If the Company submits a plan to Nasdaq, which Nasdaq accepts, Nasdaq can grant an exception of up to 180 calendar days from the filing's due date, or until September 11, 2024, to regain compliance. However, if the Company fails to timely regain compliance with Nasdaq Listing Rule 5250(c)(1), the Company's common stock will be subject to delisting from Nasdaq. The Company currently intends to file the 2023 Form 10-K by no later than April 15, 2024.
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CRWD... | Hot Stocks08:09 EDT Crowdstrike extends Cloud Security leadership at Google Cloud - CrowdStrike (CRWD) announced an expanded partnership with Google Cloud (GOOG) to stop breaches across multi-cloud and multi-vendor environments. "When it comes to stopping breaches, the CrowdStrike Falcon platform is the proven and recognized technology of choice. Our single platform, single agent architecture delivers the industry's most effective AI-powered protection while being the easiest and fastest to deploy," said Daniel Bernard, chief business officer at CrowdStrike. "Our expanded strategic alliance with Google Cloud aligns with organizations' multi-cloud strategies: by integrating Google Cloud products with the Falcon platform, we are broadening our global reach, giving organizations access to the cloud security they need to stop breaches."
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GALT | Hot Stocks08:08 EDT Galectin Therapeutics says DSMB recommends continuation of NAVIGATE study - Galectin Therapeutics reported the outcome of its fifth independent data and safety monitoring board meeting for NAVIGATE, its seamless, adaptive, Phase 2b/3 study of belapectin in patients with cirrhotic portal hypertension caused by Metabolic Dysfunction-Associated SteatoHepatitis. The objective of this fifth DSMB meeting was to further review the emerging tolerance and safety profiles of belapectin. Based on its deliberation, which included an unblinded review of the data collected thus far, the DSMB concluded that NAVIGATE can continue as designed, without modifications. The Phase 2b/3 NAVIGATE study is a global, seamless, adaptive, randomized, placebo-controlled, double-blind trial. This is the first study of its kind in cirrhotic patients with an innovative adaptive design and an innovative primary outcome of efficacy, the prevention of esophageal varices, a clinical marker of portal hypertension which is an essential mechanism underlying the relentless progression of the disease. The adaptive study includes two stages: The Phase 2b portion, or Stage 1, has been fully enrolled with 357 patients who have clinical signs of portal hypertension, no cirrhosis decompensations, and no esophageal varices. Portal hypertension is the consequence of the unrelenting inflammatory and fibrotic process occurring in the liver and dramatically increases the risk of developing esophageal varices, a potentially life-threatening complication of liver cirrhosis. Enrolled patients have been randomized to receive every two weeks a blinded infusion of belapectin at 2 mg/kg/LBM or 4 mg/kg/LBM or placebo. An interim analysis of safety and efficacy will be conducted once the last patient randomized into Stage 1 has been followed up for 18 months, and has had a second esophago-gastric endoscopy to evaluate for the presence or absence of esophageal varices. The results of this stage 1 interim analysis will determine if the study progresses into the Phase 3 portion of the trial, or Stage 2 , and which of the pre-specified protocol adaptations are to be integrated into this second stage. The Stage 1 interim analysis has three possible outcomes: stop NAVIGATE because of overwhelming efficacy or because of futility, or initiate NAVIGATE Stage 2 because there is a favorable conditional probability of success regarding the final analysis that will take place at the end of Stage 2. In this third scenario, adaptations to be selected include the choice of the best dose of belapectin and the final number of new patients to be randomized for ensuring an adequate study power for the Final Analysis. The topline results from the Interim analysis of the Phase 2b (Stage 1) portion of NAVIGATE is expected in the fourth quarter of 2024.
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CTAS... | Hot Stocks08:08 EDT Cintas, Google Cloud announced an expanded partnership - Cintas (CTAS) and Google Cloud (GOOG, GOOGL) announced an expanded partnership to support Cintas' ongoing digital transformation. Cintas will leverage Vertex AI-Google Cloud's generative AI (gen AI) platform-to develop an internal knowledge center that will empower its employee-partners to more quickly and easily source key information that elevates the Cintas customer experience.
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IVDA | Hot Stocks08:08 EDT Iveda Solutions, ClearView partner to enhance public safety - Iveda announced a collaboration with ClearView Asset Protection to help improve local public safety systems, such as AMBER Alerts, major interstate highways, sports stadiums, and more. Leveraging AI-powered surveillance technology, IvedaAI will use data from existing cameras and infrastructure to intelligently monitor and alert for threats including suspicious persons, missing or endangered children, smoke and fire, traffic flow issues, as well as facial and license plate recognition. "By working together with ClearView Asset Protection, we are continuing our mission to deliver solutions that help protect the people and places that matter most, implementing cutting-edge technology for the greater good," said David Ly, Iveda CEO and founder. "In cases of child abductions, every minute and second counts. Through the power of AI, law enforcement agencies are armed with an extra set of eyes, ones that never blink, to help accurately locate and track individuals and/or vehicles in real time by uploading pre-existing images and vehicle descriptions to the IvedaAI platform."
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AVGO... | Hot Stocks08:07 EDT Broadcom, Google Cloud announce expanded partnership - Broadcom (AVGO) and Google Cloud (GOOG, GOOGL) announced an expanded partnership that will involve optimizing Broadcom's VMware workloads for Google Cloud, jointly collaborating on go-to-market initiatives, adding more Broadcom products and services to Google Cloud Marketplace, and Broadcom infusing Google Cloud's generative AI capabilities.
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NICE | Hot Stocks08:06 EDT Nice Actimize announces new integrated fraud management platform - NICE Actimize announced the availability of IFM 11, a new release of its market leading, AI-driven fraud management and detection platform. The new release leverages recent advancements in artificial intelligence together with NICE Actimize's unique collective intelligence capabilities to introduce unprecedented fraud detection accuracy, agility and efficiency to protect financial services firms and their customers from the next generation of AI-driven fraud and scams. "Financial institutions are facing a surge in fraud attacks, as criminals continue deploying AI to conduct scams," said Craig Costigan, CEO, NICE Actimize. "NICE Actimize is currently the only solution provider with a complete end-to-end fraud management platform offering fraud prevention and detection, strategy, and operations all leveraging powerful AI capabilities purpose-built to tackle the evolving, faster-paced digital fraud landscape."
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TPST | Hot Stocks08:06 EDT Tempest presents data showing PST-1120 reduces RCC growth as a monotherapy - Tempest Therapeutics announced that collaborators at the Beth Israel Deaconess Medical Center BIDMC at Havard Medical presented preclinical data at the American Association for Cancer Research AACR Annual Meeting demonstrating that TPST-1120 reduces kidney cancer RCC growth as a monotherapy, while also showing increased inhibition when combined with frontline chemotherapy and immunotherapy. These new data further support the clinical benefit observed in the TPST-1120 Phase 1 data presented in an oral presentation at ASCO 2022. "Preclinical data presented at AACR further demonstrate that TPST-1120 has the potential to positively transform the tumor microenvironment and expand the activity of anti-tumor immunity in kidney cancer," said Sam Whiting, M.D., Ph.D., chief medical officer and head of R&D at Tempest. "The expanding positive preclinical and clinical findings of TPST-1120 reinforce our excitement for this program and support the next phase of clinical development into a pivotal HCC study and the potential to expand into RCC and multiple other cancer types." Preclinical data presented at AACR showed that TPST-1120 increases infiltrating cytotoxic CD8+ T cells in the tumor microenvironment, consistent with modulation of the tumor microenvironment to a more immune-responsive environment that allows for the influx of tumor-specific CD8+ T cells. I
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WT | Hot Stocks08:05 EDT WisdomTree reports current total AUM $107.23B as of March 2024 - WisdomTree released monthly metrics for March 2024, including assets under management and flow data by asset class. Monthly Commentary: Higher fee funds drove the over $1.2 billion of net inflows in March and nearly $2 billion of net inflows YTD, generating a positive fee impact; Generated net inflows in 6 of our 8 major product categories, including double-digit annualized flow growth in Equity, Fixed Income, Commodities and Cryptocurrency; equity franchise generated $2.4 billion of YTD net inflows and a 17% pace of YTD organic growth; WisdomTree's trust company charter granted by the New York State Department of Financial Services will enable WisdomTree Prime to onboard New York resident customers, and also allows WisdomTree to offer products and perform services under DFS supervision with associated legal protections; Including the forthcoming launch in New York, WisdomTree Prime will be available in 41 states and to approximately 75% of the U.S. population
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BCE... | Hot Stocks08:05 EDT Bell Canada partners with Google Cloud - Bell Canada announced the availability of Google Cloud Contact Center AI from Bell for Canadian businesses - the first fully AI solution for Bell enterprise and mid-market customers. Google Cloud's CCAI from Bell is a managed solution supported by professional services expertise that enables intelligent customer and agent experience leveraging generative AI-infused technology. Providing rich conversational experiences and analytics, Google CCAI from Bell offers scalability and flexibility that can be added to existing contact centre environments and to cloud contact centres of any size.
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NSC | Hot Stocks08:05 EDT Norfolk Southern reaches settlement in East Palestine derailment class action - Norfolk Southern has reached a $600M agreement in principle to resolve a consolidated class action lawsuit relating to the East Palestine derailment. If approved by the court, the agreement will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment. In March 2023, the company made commitments to address three long-term concerns of residents: drinking water, home values, and healthcare. Already, the company has announced programs for drinking water and home value assurance. Individuals and businesses will be able to use compensation from the settlement in any manner they see fit to address potential adverse impacts from the derailment.
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LDOS | Hot Stocks08:04 EDT Leidos chosen for Army National Guard aviation training contract - Leidos recently was awarded a new prime contract to perform aviation training services and operations support for the Army National Guard. The cost-plus-award-fee contract has a one-year period of performance and an approximate value of $13.7M.
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JJSF | Hot Stocks08:03 EDT J & J Snack Foods acquires Thinsters, terms not disclosed - J&J Snack Foods announced its acquisition of Thinsters, the deliciously crunchy cookie made with real, simple ingredients. This strategic move strengthens J&J Snack Foods' position as a leader in providing America's favorite delicious and fun snacks.
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YS | Hot Stocks08:02 EDT YS Biopharma's PIKA Rabies Vaccine meets Phase 3 primary endpoints - YS Biopharma announced positive interim results from the ongoing Phase 3 clinical trial of its next-generation PIKA Rabies Vaccine. The interim results indicate that the PIKA Rabies Vaccine has successfully met the primary endpoints of the Trial and has the potential to achieve best-in-class accelerated protection and meet the WHO's goal of a one-week rabies vaccine regimen to replace the conventional three- or four-week regimens. The PIKA Rabies Vaccine, which utilizes YS Biopharma's proprietary PIKA adjuvant technology, is designed to produce a more robust immune response in an accelerated timespan compared to existing rabies vaccines. It was granted orphan drug designation by the US FDA. The PIKA Rabies Vaccine demonstrates non-inferior immunogenicity to a globally marketed comparator, while also helping patients achieve immunity in a shorter timeframe of 7 days. The data revealed that the RVNA seroconversion rate of the PIKA Rabies Vaccine was twice that of the comparator by Day 7, showing the superiority of PIKA rabies vaccine to offer quick onset of protection against virus infection. The safety profile of the PIKA Rabies Vaccine remained highly tolerable.
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CRL | Hot Stocks08:01 EDT Charles River announces rare disease gene therapy collaboration with Axovia - Charles River Laboratories International announced a plasmid DNA contract development and manufacturing organization collaboration with Axovia Therapeutics Ltd. Charles River will manufacture High Quality gene of interest plasmid to support the development of Axovia's gene therapies for ciliopathies, including Bardet-Biedl Syndrome, a condition with limited treatment options and no cure. "We are committed to supporting Axovia in the pursuit of creating treatment options for patients living with ciliopathies. The Charles River team brings decades of expertise in HQ plasmid development, and we look forward to using these capabilities to make a difference for patients." - Kerstin Dolph, Corporate Senior Vice President, Global Manufacturing, Charles River
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SBLK EGLE | Hot Stocks07:50 EDT Star Bulk Carriers completes merger with Eagle Bulk Shipping - Star Bulk Carriers has completed its merger with Eagle Bulk Shipping. Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. Eagle common stock has ceased trading and will no longer be listed on the New York Stock Exchange. In connection with the closing of the merger, Gary Weston has joined the Star Bulk Board of Directors, Bo Westergaard has joined Star Bulk's new leadership team and Costa Tsoutsoplides will serve as interim Senior Advisor to assist with business integration.
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J | Hot Stocks07:47 EDT Jacobs to Design Miami-Dade wastewater treatment plant expansion and upgrades - Jacobs was selected by the Miami-Dade County Water and Sewer Department to design upgrades for the county's three wastewater treatment plants. Under the six-year professional services agreement, Jacobs will support upgrades aimed at modernizing aging infrastructure, improving operational performance, mitigating climate change impacts and addressing the system's resilience across the department's wastewater treatments plants and system. Jacobs' certified trainers have also provided operator training to Miami-Dade County staff to help renew their water and wastewater licensure.
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VVOS | Hot Stocks07:37 EDT Vivos gets approvals to enable Medicare reimbursement for CARE oral devices - Vivos Therapeutics announced receipt of all required regulatory approvals to enable Medicare reimbursement for its CARE oral medical devices. Effective immediately, this milestone achievement allows millions of Medicare...Vivos provider and nationally renowned medical billing expert Chris Farrugia, DDS, DABSB, commented, "This coding decision from CMS now aligns with standard commercial billing practices for the device under the code K1027 as an oral device appliance used to reduce upper airway collapsibility, without a fixed mechanical hinge. This is a big step in making Vivos' therapy accessible to Medicare beneficiaries as well as the millions of OSA patients covered by commercial insurers."
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SNOA | Hot Stocks07:37 EDT Sonoma expands Microcyn NPWT Solution products in the U.S. - Sonoma Pharmaceuticals announced the expansion of its Microcyn Negative-Pressure Wound Therapy Solution products in the United States. Microcyn Negative-Pressure Wound Therapy Solution, an innovation in advanced wound care, is now available in convenient sizes of 250mL, 450mL, and 990mL. Designed to meet the diverse needs of healthcare professionals and patients, Microcyn NPWT Solution is a cutting-edge solution that provides effective cleaning and irrigation for wounds with precision and reliability. Microcyn NPWT Solution complements a wide array of negative-pressure therapies. Sonoma's solution delivers optimal wound cleansing and management, promoting faster healing and improved patient outcomes. It does not contain antibiotics, and as a result, it does not promote antibiotic resistance and helps reduce odor by removing necrotic tissue.
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ARWYF | Hot Stocks07:36 EDT ARway signs two new SaaS developer deals - ARway.ai announced two new SaaS developer deals with leading companies in the Saudi Arabia and Spain. These partnerships underscore ARway.ai's commitment to enhancing spatial computing across various sectors and use cases, reaffirming its position as a leader in AR technology integration. ARway.ai has 3700+ subscribers, 58 Developers with a 200% QoQ growth, 7 partners, a 100% QoQ growth. In total, ARway.ai has 4400 active accounts and 4970 maps created on the platform.
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MRMD | Hot Stocks07:34 EDT Marimed announces 2nd adult-use Thrive Wellness dispensary in Maryland - MariMed announced the closing of its acquisition of the operating assets of Our Community Wellness & Compassionate Care Center in Prince George's County, Maryland on April 5th. Just prior to closing, MariMed paid the state's adult-use conversion fee and subsequently received an adult-use license to sell retail cannabis products from the Maryland Cannabis Administration MCA. The acquired dispensary has been closed since July 1st, 2023. The Company expects to reopen the dispensary and begin adult-use retail sales by the end of the second quarter, upon regulatory approvals.This marks MariMed's second adult-use Thrive Wellness dispensary in Maryland that the company owns and will be located at 9520 Marlboro Pike in Upper Marlboro, Maryland. MariMed also owns and operates a Thrive Wellness dispensary in Annapolis and a cultivation and processing facility in Hagerstown. MariMed plans to continue seeking additional dispensary acquisitions to achieve the maximum of four allowed in the state.
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SLG FLUT | Hot Stocks07:34 EDT SL Green Realty signs leases totaling 104,000 square feet at One Madison Ave - SL Green Realty (SLG) announced three new tenants have signed leases covering 104,110 square feet at One Madison Avenue. The 1.4 million-square-foot, new office tower located in Manhattan's Midtown South submarket is now 63.6% leased with the lease up of all tower floors completed. A publicly traded financial services firm signed a new 67,208-square-foot, 11-year lease on two tower floors. A subsidiary of Flutter Entertainment (FLUT), a Mobile Sports-Tech Entertainment company, signed a new 35,898-square-foot, 12-year lease on the entire 23rd floor. Italian specialty sandwich shop ALIDORO signed a new 1,004-square-foot, 12-year lease on a portion of the ground floor. This lease is part of a curated retail market strategy focused on adding authentic New York food and beverage providers to serve the building's tenants.
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PACK | Hot Stocks07:32 EDT Ranpak Holdings announces launch of Geami MV wrapping system - Ranpak Holding announced the launch of the Geami MV wrapping system, a compact powered converter that delivers an optimal mix of productivity and simplicity. The continued rise in e-commerce means shippers are looking to optimize, setting up their warehouses with many pack stations that are configured for spatial efficiency and productivity. Our customers are seeking solutions that help them conserve space but maximize throughput across the warehouse," said Omar Asali, Chairman & Chief Executive Officer of Ranpak.
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OCUL | Hot Stocks07:32 EDT Ocular Therapeutix reports inducement grants under Nasdaq listing rule - Ocular Therapeutix has granted inducement equity awards to its newly appointed Senior Vice President, Global Head of Biometrics, Liansheng Zhu. The awards were approved by the Compensation Committee of Ocular and were made as inducements material to Dr. Zhu's acceptance of employment with Ocular under Ocular's 2019 Inducement Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement equity awards were granted effective as of April 5, 2024 and consisted of a non-statutory stock option to purchase up to 130,000 shares of the Ocular's common stock at a per share exercise price equal to the closing price of Ocular's common stock on The Nasdaq Global Market on April 5, 2024 and a restricted stock unit award representing the right to receive 43,333 shares of Ocular's common stock. The stock option has a ten-year term and is scheduled to vest over four years, with 25% of the original number of shares vesting on the one-year anniversary of Dr. Zhu's employment commencement date and the remainder vesting in equal monthly installments over the three years thereafter, subject to her continued service to Ocular through the applicable vesting dates. The restricted stock unit award is scheduled to vest over three years, in equal annual installments, beginning on Dr. Zhu's employment commencement date and subject to her continued service to Ocular through the applicable vesting dates. The inducement equity awards are subject to the terms and conditions of the award agreements covering the grants and Ocular's 2019 Inducement Stock Incentive Plan.
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EXP HDELY | Hot Stocks07:31 EDT Eagle Materials announces start up of Texas Lehigh Cement Company - Eagle Materials (EXP) announced plans for Texas Lehigh Cement Company, a 50/50 joint venture between Eagle and Heidelberg Materials North America (HDELY), to start-up a new slag cement facility in Houston, Texas this summer. Construction for the new slag cement facility is substantially complete; once finished, the plant will have an annual manufacturing capacity of approximately 500,000 tons to supplement Texas Lehigh's cement manufacturing plant in Buda, Texas. "Today's announcement is an important step for Eagle Materials in extending our ability to meet the demand needs of our customers in a fast-growing market like Texas, especially as other cementitious alternatives like fly ash diminish in availability," commented Michael Haack, President and CEO of Eagle Materials Inc. "We are committed to continued progress across our environmental stewardship initiatives, and the new Texas Lehigh Cement Company slag facility is another exciting step towards increasing the sustainability of our business."
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LASE LHX | Hot Stocks07:30 EDT Laser Photonics secures order from L3Harris Technologies - Laser Photonics Corporation (LASE) announced that it received an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies (LHX). "Laser Photonics is proud to supply laser marking equipment to L3Harris, one of the largest long-time defense contractors in the United States," said Wayne Tupuola, CEO of Laser Photonics. "This deal underscores our commitment to excellence and innovation. We look forward to delivering cutting-edge solutions that will enhance their operations and contribute to forging a future that is safer and more technologically advanced."
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GILT | Hot Stocks07:30 EDT Defense group awards Gilat SOTM/SOTP modem order for 'millions' of dollars - Gilat Satellite Networks announced that a leading Defense Organization awarded the company multimillions of dollars for the development of a next-generation SOTM/SOTP modem. This next-generation military modem is aimed to set a new standard for mission flexibility, with fast-to-deploy and easy-to-operate capabilities while meeting the most stringent specifications. The modem will deliver high-speed satellite communications for on-the-move and on-the-pause missions. It will further provide secure, highly reliable broadband C4I satellite communications that ensure battlefield information superiority for warfighters. The modem's advanced technologies will maximize link availability, optimize bandwidth usage, and enable high throughput anywhere, and anytime in the most challenging field conditions.
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RVSN | Hot Stocks07:27 EDT Rail Vision gets order for switch yard system from Class 1 freight rail operator - Rail Vision announced its latest achievement: securing an order for its innovative AI-powered Switch Yard System from a Class 1 freight rail company in North America. This order, previously announced, represents a significant vote of confidence in Rail Vision's technology and a milestone in the company's expansion into the North American market, setting a new precedent for safety and efficiency in rail operations.Shahar Hania, CEO of Rail Vision, said: "We believe that this new order marks a significant milestone for Rail Vision emphasizing the rail industry's confidence in our innovative rail management solutions. Our commitment to leveraging artificial intelligence and machine learning aims to redefine railway operations, elevating safety, efficiency, and reliability, while ensuring uninterrupted business operations across the network. This venture in North America is just the beginning of our quest to bring new standards of safety and operational excellence in rail transportation."
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OMGA | Hot Stocks07:25 EDT Omega Therapeutics presents preclinical data on precision epigenomic control - Omega Therapeutics announced the presentation of new preclinical data demonstrating the anti-tumor effect of a MYC-targeting epigenomic controller in models of EGFR inhibitor-resistant non-small cell lung cancer at the American Association for Cancer Research Annual Meeting 2024, taking place in San Diego, California, April 5 - 10. The Company also presented preclinical data validating a novel pharmacodynamic biomarker assay for monitoring on-target engagement and activity of its clinical-stage EC candidate, OTX-2002. Abstract 1726: Targeted epigenomic control of MYC as a strategy to treat EGFR inhibitor-resistant NSCLC: Key Findings: The combination of a MYC-directed EC with osimertinib, a third generation EGFRi blocker, led to enhanced downregulation of MYC protein levels and synergistically inhibited viability of EGFR-T790M mutant NSCLC cells in preclinical models; NSCLC cells resistant to osimertinib through the EGFR C797S mutation or epithelial to mesenchymal transition retained sensitivity to epigenomic downregulation of MYC expression with NSCLC MYC-EC in multiple in vitro models; These results support potential development of a NSCLC MYC-EC in EGFR-mutant NSCLC as a combination therapy with osimertinib, and as a monotherapy in osimertinib-resistant NSCLC. Abstract 2417: Detection and quantification of site-specific DNA methylation from liquid biopsies as a pharmacodynamic biomarker of OTX-2002, a novel MYC-targeting epigenomic controller; Key Findings: Development of a new DNA methylation assay consisting of a minimal hybridization capture panel to evaluate CpG methylation events across a ~50 kilobase target region; Ultra-sensitive detection of methylation events at the MYC locus down to the theoretical limit of 1 in 104 copies of MYC; Demonstration of highly specific on-target engagement and methylation by OTX-2002 in liquid biopsies from mice bearing human hepatocellular carcinoma xenografts.
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GXO | Hot Stocks07:22 EDT GXO Logistics appoints Corinna Refsgaard CHRO - GXO Logistics announced the appointment of Corinna Refsgaard as Chief Human Resources Officer, reporting to CEO Malcolm Wilson. Refsgaard will be responsible for global talent strategy as well as all strategic, operational and transformational HR processes, including compensation and benefits, workforce planning and performance management. She will be based in London. "We are extremely pleased to welcome Corinna to GXO," said GXO CEO Malcolm Wilson. "Corinna has extensive experience across all facets of Human Resources in large-scale global organizations and will bring a sharp focus on our people from recruitment and development to engagement and inclusion." Previously, Refsgaard served as Group Chief People and Culture Officer at ISS, one of the world's leading workplace experience and facility management companies. Over the course of three decades, she has held global, regional and business unit HR roles at firms, including Kontron, Fujitsu Technology Solutions, EADS and Mercedes-Benz
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NRIX SNY | Hot Stocks07:21 EDT Nurix eligible for $2.5B in research collaboration with Sanofi for 'STAT6' - Nurix Therapeutics (NRIX announced an extension of the ongoing research program with Sanofi (SNY) for STAT6 . STAT6 is a key drug target in type 2 inflammation. "STAT6 is a key transcription factor within the IL-4/IL-13 signaling pathways which act as drivers of inflammation in allergic conditions. These conditions are currently treated with injectable monoclonal antibody therapies, which are designed to impede IL-4/IL-13 signaling," said Gwenn M. Hansen, Ph.D., chief scientific officer of Nurix. "Preclinical data from our STAT6 degraders show that targeted degradation of this key transcription factor provides a rapidly acting and potent blockade of signaling. We anticipate nominating a clinical candidate from this advanced preclinical program in the coming twelve months." Under the collaboration agreement, Nurix is deploying its proprietary drug discovery platform to identify novel agents that use E3 ligases to induce degradation of specified drug targets. Sanofi has an option to license drug candidates resulting from the work, and Nurix retains its option to co-develop and co-promote future products in the United States under programs for which Nurix has exercised its option. For those programs for which Nurix exercises its option to co-develop and co-promote, the parties will split U.S profits and losses evenly and Nurix will be eligible to receive royalties on ex-U.S. sales on all optioned products. Upon signing the agreement in December 2019, Sanofi made an upfront payment of $55M and subsequently paid an additional $22M one year later to expand the scope of the collaboration. Under the agreement, Nurix remains eligible for up to a total of $2.5B in potential future milestones as well as royalties on future products. With this announcement, Nurix and Sanofi have agreed to extend the research term for the ongoing STAT6 program with the goal of nominating a development candidate in the first year of the extended term.
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PSTV | Hot Stocks07:19 EDT Plus Therapeutics appoints Andrew Brenner, Barbara Blouw to management team - Plus Therapeutics announced that Andrew Brenner, M.D., Ph.D. has formally joined the Company in a part-time capacity. Dr. Brenner will provide substantial input on the Company's central nervous system cancer development programs while continuing to maintain his academic practice and laboratory. In addition, Barbara Blouw, Ph.D. joins the Company as Vice President, Clinical Affairs. Dr. Brenner is a board-certified internist, medical oncologist, and tumor biologist with a focus in drug development for the management of primary brain tumors and breast neoplasms. Dr. Brenner's academic work focuses on both clinical cancer management and the development of novel therapies to treat breast and central nervous system tumors. Dr. Brenner has received numerous grants and investigational new drug approvals based on his translational research. Dr. Barbara Blouw has a Ph.D. from Utrecht University in the Netherlands and completed her postdoctoral research at the Sanford Burnham Prebys, Medical Discovery Institute, and the University of California, San Diego Division of Biological Sciences in basic cancer biopsy.
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ARKO | Hot Stocks07:15 EDT ARKO's GPM Investments launches $4.99 pizza program - GPM Investments, a wholly owned subsidiary of ARKO Corp., has launched multiple deals and value-oriented promotions featuring its $4.99 pizza to last through the middle of May 2024 and lead into the summer season. As Spring rolls in, enrolled fas REWARDS loyalty members can purchase a delicious pizza, available in cheese and pepperoni, coupled with tasty beverages for inflation-busting prices. Through May 14, 2024, enrolled fas REWARDS loyalty members will be able to choose among a handful of fantastic offers, including pairings of pizza with certain Pepsi-Cola beverages. The offers leverage strong vendor relationships to provide terrific value and a tasty meal to GPM's loyal customers.
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TRAK | Hot Stocks07:14 EDT ReposiTrak adds 20 new supplies to ReposiTrak Traceability Network - ReposiTrak announced the addition of 20 dairy and shell egg suppliers to the ReposiTrak Traceability Network. These new members will efficiently exchange intricate, FDA-required Key Data Elements for each Critical Tracking Event in their supply chains, ensuring proactive compliance well before the January 2026 deadline. "The ReposiTrak Traceability Network simplifies food traceability for suppliers, whether you're sharing data with one customer or multiple wholesalers and retailers like these dairy and egg suppliers," stated Randy Fields, chairman and CEO of ReposiTrak. "It's also important for suppliers to know that through ReposiTrak, you can share traceability KDEs for any food - on or off the Food Traceability List."
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SUN NS | Hot Stocks07:13 EDT NuStar Energy, Sunoco announce expiration of HSR Act waiting period - Sunoco LP (SUN) and NuStar Energy L.P. (NS) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, HSR Act, in connection with Sunoco's pending acquisition of NuStar. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction.
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KSPI | Hot Stocks07:13 EDT Kaspi.kz announces AGM results - Joint Stock Company Kaspi.kz announces that the following resolutions were duly passed at its Annual General Meeting on 08 April 2024: 1. To approve the agenda of the Annual General Meeting of Shareholders of JSC Kaspi.kz: 1) Approval of the agenda; 2) Approval of JSC Kaspi.kz's 2023 annual audited financial statements; 3) Approval of the procedure to distribute JSC Kaspi.kz's net income for the year 2023 and the amount of dividend per common share of JSC Kaspi.kz; 4) Information on shareholders' appeals on JSC Kaspi.kz and its officers' actions and results of consideration thereof in 2023; 5) Defining the term of office of the Board of Directors of JSC Kaspi.kz; 6) Approval of the terms of JSC Kaspi.kz's Members of the Board of Directors reimbursement of their expenses incurred while performing their duties; 7) Appointment of the external auditor to review JSC Kaspi.kz's financial statements. 2. To approve JSC Kaspi.kz's 2023 annual audited financial statements. 3. To approve dividends to be paid within the period set by law: 1) dividend amount of KZT 850 per common share of JSC Kaspi.kz; 2) dividend is paid for 2023 year; 3) commencement date of dividend payments: 08 April 2024; 4) the list of shareholders entitled to receive the dividend based on 05 April 2024 date of record; 5) procedure and form of dividend payments: to be paid in cash by wire transfers to accounts of shareholders. 4. To take a note of the information on shareholders' appeals on JSC Kaspi.kz and its officers' actions in 2023. 5. To approve the unlimited term of office of the current Board of Directors. 6. To approve indemnity provisions for inclusion in Directors' Service Agreements where JSC Kaspi.kz agrees to indemnify Directors against certain liabilities incurred by Directors while performing their duties. 7. To reappoint Deloitte LLP as the external auditor to review JSC Kaspi.kz's 1st and 2nd quarters of 2024 financial statements.
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CDNA | Hot Stocks07:12 EDT CareDx to present cardiothoracic advancements at 2024 ISHLT meeting - CareDx announced that CareDx and study collaborators will be presenting the latest data featuring CareDx's cardiothoracic portfolio at the International Society for Heart and Lung Transplantation, ISHLT, 44th Annual Meeting & Scientific Sessions, taking place from April 10-13 in Prague, Czech Republic. "We are proud to have a leading presence once again at this pivotal heart and lung transplant meeting. We are especially pleased to share new results from our SHORE registry validating the clinical utility of surveillance using HeartCare testing," said Alex Johnson, President of Patient and Testing Services, and member of the Office of the CEO.
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SUN NS | Hot Stocks07:12 EDT Sunoco LP announces expiration of HSR waiting period to acquire NuStar Energy - Sunoco (SUN) and NuStar Energy (NS) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with Sunoco's pending acquisition of NuStar. A NuStar unitholder vote is scheduled for May 1. The transaction is expected to close shortly after unitholder approval. NuStar unitholders are anticipated to receive Sunoco's distributions for Q1 following the closing of the transaction.
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PMTS | Hot Stocks07:11 EDT CPI Card Group announces expansion with new production facility in Indiana - CPI Card Group announced the construction of a new manufacturing facility in Fort Wayne, Indiana that will double the size for this location. This new facility exemplifies CPI's commitment to meeting the evolving needs of its customers and driving innovation in the payments technology industry. "CPI is proud to continue operating in the Fort Wayne community, where we are locally engrained with a high-performing team," said John Lowe, President and Chief Executive Officer. "After years of planning, we are excited to announce this major milestone for our 'Factory of the Future'. This is the first time in CPI's nearly 30-year history that we've had the opportunity to build a manufacturing facility to our specifications. It's a chance to provide our employees with the latest and most advanced tools, and will solidify CPI as a top workplace now and in the future."
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CLDI | Hot Stocks07:11 EDT Calidi presents new data on mechanism of action for its therapies at AACR - Calidi Biotherapeutics announced the presentation of new data detailing the molecular mechanisms of action underlying the immunomodulatory role of Calidi's therapies at the American Association for Cancer Research Annual, AACR, Meeting 2024, in San Diego, California. The poster, titled "Deciphering anticancer mechanisms of oncolytic virus-loaded stem cells," will be presented on April 9, 2024, during the Chemotherapy, Radiation, and Vaccine Mediated Immunity session. "Calidi's novel approach to treating cancer has always centered around the stem cell as a means of protecting, delivering, and potentiating our tumor-killing virotherapeutic payloads. We believe this novel approach using allogeneic stem cells differentiates our technology and offers the potential of our platforms, CLD-101 and CLD-201, to serve as universal, off-the-shelf, options for patients needing improved therapeutic outcomes in their treatments for cancer," said Allan Camaisa, CEO and Chairman of the Board at Calidi Biotherapeutics.
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TLRY | Hot Stocks07:10 EDT Tilray no longer expects to generate positive adjusted free cash flow for 2024 - For its fiscal year ending May 31, 2024, the Company is now guiding to an Adjusted EBITDA target of $60 million to $63 million. In addition, the Company no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024, due to delayed timing for collecting cash on various asset sales. Management's guidance for Adjusted EBITDA is provided on a non-GAAP basis and excludes transaction expenses, restructuring charges, litigation costs, facility start-up and closure costs, purchase price accounting step-up, changes in fair value of contingent consideration and other items carried at fair value, non-operating income, and other non-recurring items that may be incurred during the Company's fiscal year 2024, which the Company will continue to identify as it reports its future financial results. Management's guidance for adjusted free cash flow is provided on a non-GAAP basis and excludes our growth capex, projected integration costs related to HEXO and the Craft Acquisition, and the cash income taxes related to Aphria Diamond.
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GOGO | Hot Stocks07:10 EDT Gogo: FCC grants regulatory approval of Gogo Galileo HDX, FDX antenna terminals - Gogo Business Aviation announced that the Federal Communications Commission has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft. The FCC Earth station in motion regulatory license grants Gogo the authority to commercialize and operate the terminals, which are integral to its Gogo Galileo low Earth orbit global broadband service, on U.S.-registered aircraft, and those registered in other countries within U.S. territory including territorial waters. Gogo expects to begin flight testing the HDX terminal this summer after it is installed on Gogo's Challenger 300 testbed. The HDX terminal remains on track to receive certification and commercially launch later this year. Track important milestones in the development of Gogo Galileo with Gogo's milestone tracker.
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ALKS | Hot Stocks07:09 EDT Alkermes' ALKS 2680 improves wakefulness in Phase 1b narcolepsy study - Alkermes announced positive topline results from the narcolepsy type 2 - NT2 - and idiopathic hypersomnia - IH - cohorts of a phase 1b, proof-of-concept study evaluating ALKS 2680, the company's novel, investigational, oral orexin 2 receptor agonist in development as a once-daily treatment for narcolepsy. ALKS 2680 data demonstrated clinically meaningful and statistically significant improvements from baseline in mean sleep latency on the Maintenance of Wakefulness Test vs. placebo at all doses tested. ALKS 2680 was generally well tolerated in both patient populations at all doses tested. The company plans to initiate a phase 2 study in patients with NT2 in the second half of 2024. Alkermes expects to submit results from this phase 1b, proof-of-concept study to a peer-reviewed journal for publication and to present additional ALKS 2680 study results at upcoming scientific meetings.
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IRDM LHX | Hot Stocks07:08 EDT Iridium signs five-year contract with L3Harris Technologies - Iridium Communications (IRDM) announced a new five-year commercial contract with L3Harris Technologies (LHX) for the Iridium Satellite Time and Location service. Under the terms of the five-year agreement, Iridium will provide the STL service to more than three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration facilities throughout the United States.
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PMN | Hot Stocks07:08 EDT ProMIS publishes data on pathogenic proteins as treatment target for ALS - ProMIS Neuroscience announced the publication of supportive preclinical data in the Journal of Biological Chemistry in an article titled, "Tryptophan residues in TDP-43 and SOD1 modulate the cross-seeding and toxicity of SOD1." ProMIS is developing antibodies selectively targeting misfolded forms of TDP-43 and SOD1. ALS is a fatal neurodegenerative disease of motor neurons. Toxic aggregates of superoxide dismutase-1 and TAR DNA-binding protein 43 in motor neurons are characteristic of ALS.The study showed that these two proteins interact such that misfolding of TDP-43 leads to misfolding and aggregation of SOD1 in a cell system and promotes motor neuron damage in zebrafish.
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VSTM | Hot Stocks07:07 EDT Verastem announces anti-tumor efficacy of GFH375 at scientific meeting - Verastem Oncology's discovery and development partner GenFleet Therapeutics, a clinical-stage biotechnology company focusing on cutting-edge therapies in oncology and immunology, unveiled research findings of GFH375, an oral KRAS G12D inhibitor, at the 2024 American Association for Cancer Research Annual Meeting. GenFleet entered into a discovery and development collaboration with Verastem to advance three novel oncology discovery programs related to RAS pathway-driven cancers. The collaboration provides Verastem a milestone-based option to license up to three compounds outside of China while GenFleet would retain rights inside of mainland China, Hong Kong, Macau, and Taiwan. GFH375 potently and selectively inhibits phospho-ERK signaling and proliferation in KRAS G12D mutant tumor cells. GFH375 also accumulates in tumor tissue and elicits sustained inhibition of the protein following a single oral administration. GFH375 induces tumor regression in multiple KRAS G12D CDX tumor models via oral administration. It also demonstrates potent anti-tumor activity in an intracranial CDX tumor model. GFH375 also holds the potential for treating KRAS G12D mutant cancers with brain metastases. Preclinical research also demonstrated the combination of avutometinib and GFH375 confers enhanced anti-tumor efficacy relative to either agent alone, indicating potential for future clinical combination. Avutometinib in combination with defactinib is being developed by Verastem Oncology with clinical development across multiple indications and was granted breakthrough therapy designation for low-grade serous ovarian cancer. GenFleet entered into a discovery and development collaboration with Verastem Oncology in 2023 to advance three oncology programs, the first program selected is GFH375.
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OWL | Hot Stocks07:07 EDT Blue Owl Capital acquires Prima Capital Advisors for $170M - Blue Owl Capital announced the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors for the aggregate consideration of $170M. Prima manages approximately $10B in assets on behalf of institutional investors and select high net worth individuals. The acquisition is expected to close in the second or third quarter of 2024, subject to customary closing conditions. Prima, founded in 1992 by Gregory White, is a real estate lender focused primarily on investing in commercial mortgage-backed securities. Prima is majority owned by Stone Point Capital, an alternative investment firm based in Greenwich, Connecticut. Blue Owl's acquisition of Prima will be funded through a combination of approximately $157M of equity and approximately $13M in cash, subject to certain closing consideration adjustments. In addition, there is potential for up to $35M of earnout consideration in the form of equity. Upon closing of the acquisition, Prima employees are expected to join Blue Owl.
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KXIN | Hot Stocks07:06 EDT Kaixin Auto changes name to Kaixin Holdings - Kaixin Auto Holdings has changed its legal name from Kaixin Auto Holdings to Kaixin Holdings. The Company's ordinary shares will commence trading on the Nasdaq Capital Market under the new name at the market open on April 10, 2024. No action by the Company's shareholders is required with respect to the name change. The CUSIP number for the Company's ordinary shares will remain unchanged.
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AEVA | Hot Stocks07:06 EDT Aeva Technologies expands presence in Europe, new automotive COE in Germany - Aeva announced that it is expanding its presence in Europe with a new Automotive Center of Excellence, COE, in Germany to support its growing momentum with automotive OEM customers. Additionally, autonomous vehicle industry expert Axel Gern has joined the company as Head of Engineering in Germany and will lead the COE. Most recently Gern served as Senior Vice President of Engineering and Managing Director for Torc Robotics Europe.
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ATBPF | Hot Stocks07:05 EDT Antibe Therapeutics to file application for initial order under CCAA - Antibe Therapeutics announced that it intends to file an application today with the Ontario Superior Court of Justice for an Initial Order under the Companies' Creditors Arrangement Act, CCAA. The application seeks an order that would, amongst other things, stay any action by Nuance Pharma to enforce the previously announced confidential ruling from the Singapore International Arbitration Centre requiring Antibe to pay approximately US$24 million to Nuance and would also enable the Company to continue engaging with the U.S. Food and Drug Administration with respect to the previously announced hold on the Company's planned Phase II trial.
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ATER MELI | Hot Stocks07:04 EDT Aterian teams with Mercado Libre e-commerce platform in Mexico - Aterian (ATER) announced that it has begun selling select products on the Mercado Libre (MELI) marketplace in Mexico as part of a partnership with Mercado Libre. Aterian is currently selling products from its home and kitchen category on Mercado Libre's Mexico marketplace and plans to add more products in the near future. Aterian's longer term vision entails expanding its product portfolio and presence across all Mercado Libre marketplaces throughout Latin America. "We are excited for the opportunity to partner with Mercado Libre to deliver value to its customers," said Joseph Risico, Aterian's Co-CEO. "We are optimistic about the opportunity to grow alongside Mercado Libre in the years to come."
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MCRB | Hot Stocks07:04 EDT Seres announces completion of patient enrollment for SERS-155 Phase 1b cohort 2 - Seres Therapeutics announced today that enrollment is complete in the placebo-controlled Cohort 2 of its Phase 1b trial of SER-155 in patients who received Allogeneic Hematopoietic Stem Cell Transplantation. "We are pleased to complete enrollment in Cohort 2 of our SER-155 Phase 1b study and are looking forward to a robust dataset late in the third quarter of this year," said Eric Shaff, President and Chief Executive Officer of Seres. "The initial study data will include safety, drug pharmacology, and efficacy-related measures through day 100 following HSCT, a period in which many patients experience infections. There are an estimated 40,000 Allo HSCT procedures annually worldwide and infection is one of the most common causes of mortality in these patients. Our pending clinical results could validate the promise of microbiome therapeutics to prevent poor outcomes associated with pathogens in the GI tract. We intend to evaluate SER-155 and other microbiome therapeutic candidates in several other high prevalence, medically vulnerable patient populations, including chronic liver disease, cancer neutropenia, and solid organ transplants. We envision a future where Seres is pioneering a new standard of care, potentially protecting millions of immunocompromised patients from life-threatening infections."
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AUGX | Hot Stocks07:03 EDT Augmedix integrates with Andor Health for ambient clinical documentation - Augmedix has integrated with Andor Health, an AI-first cloud-based communication and collaboration platform for virtual care. The alliance aims to harness the power of ambient documentation to transform the clinician-patient interaction landscape in mission-critical virtual care settings. As part of this collaboration, Andor and Augmedix will integrate physician clinical note creation directly within ThinkAndor Virtual Visit capability for ambulatory with an AI-generated note available seconds after the virtual session.
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SYRS | Hot Stocks07:03 EDT Syros Pharmaceuticals receives FTD from FDA for tamibarotene - Syros Pharmaceuticals announced that the United States Food and Drug Administration, FDA, has granted Fast Track Designation, FTD, to tamibarotene in combination with azacitidine and venetoclax for the treatment of newly diagnosed acute myeloid leukemia with RARA overexpression as detected by an FDA approved test in adults who are over age 75 years or who have comorbidities that preclude the use of intensive induction chemotherapy. "We are pleased to receive Fast Track designation for tamibarotene for the treatment of AML. This designation reflects the tremendous need for a safe and effective therapy, which can improve the clinical outcomes and prognosis among people diagnosed with AML, many of whom cannot tolerate intensive treatment," said David Roth, M.D., Chief Medical Officer of Syros Pharmaceuticals. "We are particularly encouraged to secure Fast Track designation following initial randomized data from a prespecified interim analysis of our ongoing SELECT-AML-1 clinical trial, in which treatment with our RARalpha agonist, tamibarotene, in combination with venetoclax and azacitidine resulted in a 100% CR/CRi rate compared with a 70% CR/CRi rate for the comparator of venetoclax and azacitidine. Additionally, tamibarotene in combination with venetoclax and azacitidine demonstrated no added toxicity relative to venetoclax and azacitidine alone. We look forward to sharing additional data from SELECT-AML-1 later this year, and to potentially accelerate the delivery of tamibarotene as a new frontline option for the approximately 30% of AML patients who are positive for RARA overexpression."
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TPET | Hot Stocks07:02 EDT Trio Petroleum retires $2.6M convertible note - Trio Petroleumannounced that on April 8, 2024, filed a Form 8-K with the Securities and Exchange Commission detailing the terms and conditions under which the Company retired $2.6 million in outstanding convertible notes. These notes had been previously funded in two tranches in October of 2023. As previously reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission on October 4, 2024, Trio Petroleum Corp., a Delaware corporation entered into a Securities Purchase Agreement with an institutional investor for convertible debt financing in an aggregate amount of up to $3,255,000, to be funded in up to two tranches in which the Company would issue senior secured original issue 7% discount convertible promissory notes in an aggregate principal amount of $3.5 million. The Company issued to the Investor two promissory notes in an aggregate principal amount $2,550,000 in two tranches. On April 2, 2024, the Company and the Investor mutually agreed to permit the acceleration of more than six monthly payments pursuant to the Second Tranche Note, so that the entire outstanding balance of the Second Tranche Note could be repaid.
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EVGO | Hot Stocks07:01 EDT EVgo announces more than 50 EV models eligible for Authocharge+ feature - EVgo announced that more than 50 EV models are eligible for its Autocharge+ feature. Once enrolled, Autocharge+ showcases a customer experience for EV drivers by eliminating the need to open an app, swipe a credit card, or tap an EVgo program card to initiate a fast charging session on the EVgo network.
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PLL SYAXF | Hot Stocks06:55 EDT Piedmont Lithium's strategic review supports production ramp-up at NAL - Piedmont Lithium (PLL) announced that, following a detailed operational review, the joint venture partners of North American Lithium - NAL - have agreed to complete several ongoing capital project initiatives and continue operations with the goal of completing ramp-up activities to achieve steady state production within 2024. NAL is jointly owned by Piedmont - 25% - and Sayona Mining (SYAXF) - 75% -. Process plant recoveries are now exceeding internal expectations. March month-to-date lithium recoveries were 69%, exceeding the ramp-up target of 67%, with global recovery of 62% during the July 2023 through March 2024 period. Current plant throughput rates are in line with forecast expectations and product quality remains consistent. The joint venture partners have conducted an operational review to assess the pace of the production ramp-up in the context of a challenging lithium price environment. The review concluded that operations are generally ramping-up as planned, and that completion of two capital improvement projects - a crushed ore storage dome and crushed ore re-feed system, both expected to be commissioned in May 2024 - should help operations achieve production increases and meaningful unit cost improvements. Unit mining costs also are expected to improve as operations move past underground workings and into fresh ore near the end of 2024.
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EXK | Hot Stocks06:53 EDT Endeavour Silver reports Q1 production of 1.46M silver ounces - Endeavour Silver is pleased to report first quarter 2024 production of 1,460,006 silver ounces and 10,133 gold oz, for silver equivalent production of 2.3M oz. "Across our portfolio, the operations performed largely in-line with our expectations to deliver our annual production guidance of 8.1- 8.8 million silver equivalent ounces in 2024," commented Dan Dickson, CEO. "The infrastructure upgrades in pumping and ventilation have stabilized production at Guanacevi, and the impact from these improvements is being realized by our strong start to the year. Gold and silver prices have strengthened considerably, which will improve future revenues. I look forward to building upon the success of this quarter."
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ANIP | Hot Stocks06:51 EDT ANI Pharmaceuticals announces launch of Baclofen Oral Suspension - ANI Pharmaceuticals announced the launch of Baclofen Oral Suspension, a generic version of the reference listed drug Fleqsuvy. U.S. annual sales for Baclofen Oral Suspension total approximately $39M, according to IQVIA data.
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PFE | Hot Stocks06:50 EDT Pfizer's Abrysvo meets primary Phase 3 endpoint in RSV disease - Pfizer announced positive top-line immunogenicity and safety data from the ongoing pivotal Phase 3 clinical trial MONeT, evaluating a single dose of Abrysvo versus placebo in adults 18 to 59 years of age at risk of developing severe respiratory syncytial virus - RSV -associated lower respiratory tract disease, or LRTD. Adults with certain underlying chronic conditions are at increased risk of developing, and being hospitalized for, RSV-associated LRTD. No RSV vaccines have been approved for use in adults 18 to 59 years of age. The MONeT study achieved its co-primary immunogenicity endpoints and primary safety endpoint. Participants demonstrated RSV-A and RSV-B subgroup neutralizing responses non-inferior to the response seen in the Phase 3 RENOIR study of Abrysvo in more than 34,000 adults aged 60 or older where vaccine efficacy was previously demonstrated. Participants also achieved at least a four-fold increase in serum neutralizing titers for RSV-A and RSV-B one month following receipt of Abrysvo compared to pre-vaccination. During the trial, Abrysvo was well-tolerated, and safety findings were consistent with those from previous investigations of Abrysvo in other populations. Pfizer intends to submit these data to regulatory agencies and request expansion of the age group from the current indication to 18 years of age and older. The company also intends to publish these findings in a peer-reviewed scientific journal and share them at an upcoming scientific conference.
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CNX | Hot Stocks06:46 EDT CNX Resources nears completion of Kiski Water Line prokect - CNX Resources is nearing completion of its Kiski Water Line project, which will serve the Company's local operational needs, reduce the local impact of natural gas development, and potentially optimize regional water resources by providing additional reliable water infrastructure to area communities. The $20M project is expected to be completed in June 2024 and will serve future natural gas development in the area. During voluntary or mandatory water conservation periods, the 20" Kiski Water Line is expected to serve as the primary alternative to water purchased from the Municipal Authority of Westmoreland County. The water line also significantly reduces the need for CNX to utilize water trucking in the County, mitigating the community impact of the Company's local operations. Importantly, the project also offers unprecedented potential future opportunity to improve and optimize regional water infrastructure and resources. With regulatory approvals and minor equipment modifications, the water line could be used to provide MAWC and the reservoir with optionality during Kiski River high flow periods. Such activity could better position the Beaver Run Reservoir to maintain normal service during seasonally dry periods and mitigate drought and residential conservation risk. The project significantly improves area water resource resilience. Other potential community applications that could benefit from the project include freshwater agricultural needs, industrial use, and other various community needs. Realizing the project's full potential will require partnership and input from various stakeholders, and CNX looks forward to engaging in discussion with the Pennsylvania Department of Environmental Protection, local officials, the business community, and the MAWC.
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AL... | Hot Stocks06:34 EDT Air Lease announces Q1 activity update - Air Lease (AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the first quarter of 2024. As of March 31, ALC's fleet was comprised of 472 owned aircraft and 73 managed aircraft, with 320 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2028. Aircraft Investments: Delivered 14 new aircraft from ALC's order book including two Airbus A220s, one Airbus A320neo, six Airbus A321neos, one Airbus A350-1000, and four Boeing 737-8s. Aircraft investments in the quarter totaled approximately $900M, with the majority occurring in the second half of the quarter. Sales: Sold five aircraft to third-party buyers. Aircraft sales proceeds for the quarter totaled approximately $240M. Financing: Issued $500M of 5.10% senior unsecured medium-term notes due 2029. Issued C$400M of 5.40% senior unsecured medium-term notes due 2028. Issued EUR600M of 3.70% senior unsecured medium-term notes due 2030.
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AKAM | Hot Stocks06:33 EDT Akamai announces launch of Akamai Shield NS53 - Akamai Technologies announced the launch of Akamai Shield NS53, a product that protects on-premises Domain Name System infrastructure from resource exhaustion attacks. These attacks overwhelm servers to the point that they can no longer respond to valid DNS queries. The new offering complements Akamai Edge DNS, which is a comprehensive cloud-based DNS solution, and Akamai Prolexic, the distributed denial-of-service protection platform for Layer 3 and Layer 4 attacks.
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VIAV | Hot Stocks06:32 EDT Viavi introduces performance testing for post-quantum cryptography deployments - Viavi Solutions announced the addition of performance testing capability for Post-Quantum Cryptography system deployments. Introducing cryptographic protocols can create additional network performance overhead, ultimately affecting end-user quality of experience. Tera Security Test is trusted by leading network security infrastructure vendors, service providers, research institutes, governments and enterprises to emulate large-scale user endpoint traffic applications over secure access connections while measuring individual traffic flow performance across multiple quality vectors.
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BB AMD | Hot Stocks06:10 EDT BlackBerry, AMD collaborating in robotics hardware platform - BlackBerry (BB) announced a collaboration with AMD (AMD) designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, and repeatable determinism. Together, the companies will address the critical need for 'hard' real-time capabilities in robotics-focused hardware with a platform that delivers enhanced performance, reliability, and scalability for robotic systems in industrial and healthcare. The platform combines BlackBerry QNX expertise in real-time foundational software solutions and the QNX Software Development Platform with heterogeneous hardware solutions powered by the AMD Kria K26 SOM that features both Arm and FPGA programmable logic-based architecture. With Kria, an Arm sub-system can power the advanced capabilities of the QNX microkernel real-time operating system while allowing users to run low latency, deterministic functions on the programable logic of the AMD Kria KR260 robotics starter kit. This combination aims to enable sensor fusion, high-performance data processing, real-time control, industrial networking, and reduced latency in robotic applications. The integrated solution is now available to customers.
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RMGC | Hot Stocks06:08 EDT RMG Acquisition Corp. III announces liquidation - RMG Acquisition Corp. III announced that, because the company will not consummate an initial business combination within the time period required by its Fourth Amended and Restated Memorandum and Articles of Association, the company intends to dissolve and liquidate, effective as of the close of business on April 22, and will redeem all of the outstanding shares of Class A ordinary shares that were included in the units sold in its initial public offering, at a per-share redemption price of approximately $10.00. As of the close of business on April 22, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. Record holders will receive their pro rata portion of the proceeds of the trust account, subject to the company's obligations under Cayman Islands law to provide for claims of creditors, by delivering their Public Shares to Continental Stock Transfer & Trust Company, the company's transfer agent. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after April 9. The company's sponsor has agreed to waive its redemption rights with respect to (i) its outstanding Class B ordinary shares issued prior to the company's initial public offering and (ii) its 3,500,000 outstanding Class A ordinary shares that were converted from Class B ordinary shares into Class A ordinary shares on December 26, 2023. There will be no redemption rights or liquidating distributions with respect to the company's warrants, which will expire worthless.
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TPH | Hot Stocks06:05 EDT TRI Pointe opens new divisions in Orlando, Florida and the Coastal Carolinas - Tri Pointe Homes announced that it is expanding its national footprint with the opening of new divisions in Orlando, Florida and the Coastal Carolinas. Operations for the Coastal Carolinas, which build upon the company's presence in the Raleigh and Charlotte markets, will be located near Charleston, South Carolina, while the Florida office will be based in Orlando, Florida, elevating Tri Pointe Homes' national presence within two of the fastest-growing regions in the nation.
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EH | Hot Stocks06:05 EDT EHang appoints Zhao Wang as Co-COO - EHang has appointed Zhao Wang as the Co-COO of the company, effective on April 9. He will report to Huazhi Hu, Founder, Chairman and CEO of EHang. Prior to joining EHang, Wang worked for Antaeus Group, a Chinese group enterprise with cross-industry services in resort, film and art, as the of Mangrove Tree Technology Group from June 2020 to March 2024. Prior to that, Wang was CEO at an IT consulting firm Beijing Ganlan Technology Development Co., from August 2017 to June 2020. Between October 2008 and August 2017, Wang served in several executive positions at Antaeus Investment Group and was in charge of platform development, operation and management for cultural tourism projects and digital film industries. Wang also participated in the development of information system for the 2004 Summer Olympic Games in Athens.
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KBR | Hot Stocks06:05 EDT KBR awarded engineering services contract by First State Hydrogen - KBR has been awarded an engineering services contract by First State Hydrogen, Inc. to support the feasibility and development of its first clean hydrogen production facility in the U.S. mid-Atlantic region. KBR will provide engineering services to study the feasibility of developing a clean hydrogen production facility through electrolysis powered by renewable energy. The study is part of First State Hydrogen's vision to provide clean hydrogen for Delaware and the U.S. mid-Atlantic and help the region meet its sustainability goals.
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HSBC | Hot Stocks06:03 EDT HSBC agrees to sell its Argentina business to Grupo Financiero Galicia for $550M - HSBC has agreed to sell its banking operations in Argentina to Grupo Financiero Galicia, the largest private financial group in Argentina. The deal is worth $550M, subject to certain price adjustments, and is expected to be completed within the next 12 months. As a result of the deal: A $1B pre-tax loss on disposal will be recognized in 1Q24. There will be an insignificant impact on the Group's common equity tier 1 ratio by closing. At closing, c.$4.9B of historical cumulative foreign currency translation reserve losses will be recognized in the income statement - these have already been recognized in capital and will have no impact on CET1 or tangible net asset value. The transaction will be treated as a material notable item and excluded from the dividend payout calculation. "We are pleased to agree the sale of HSBC Argentina. This transaction is another important step in the execution of our strategy and enables us to focus our resources on higher value opportunities across our international network," said Noel Quinn, HSBC Group CEO. Reference Link
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BCLI | Hot Stocks06:03 EDT BrainStorm announces agreement with FDA on SPA for Phase 3b ALS trial - BrainStorm Cell Therapeutics received written agreement from the U.S. Food and Drug Administration, under a Special Protocol Assessment (SPA), on the design for a Phase 3b trial of NurOwn in amyotrophic lateral sclerosis. The SPA agreement with the FDA validates the clinical trial protocol and statistical analysis of the planned Phase 3b trial of NurOwn, demonstrating their adequacy for addressing objectives that support a future BLA in ALS. BrainStorm anticipates commencement of the Phase 3b study in 2024, after reviewing the protocol with investigators, securing study site Institutional Review Board approvals, and engaging with appropriate members of the ALS community. The Phase 3b trial will be a two-part, multicenter, study designed to assess the efficacy and safety of NurOwn in patients with ALS. The entry criteria will enroll participants earlier in the course of their disease, having the onset of ALS symptoms, including limb weakness, within the prior 24 months, all ALSFRS-R items 2 at Screening, and upright slow vital capacity greater than=65% of predicted for gender, height and age. Patients will also be allowed to receive concomitant treatment of an approved standard of care. Part-A is a double blind, placebo-controlled period of 24 weeks duration. Up to approximately 200 patients are planned to be enrolled and randomized 1:1 to NurOwn or placebo treatment groups. There will be a screening period of six to nine weeks, during which eligible participants will undergo a single bone marrow aspiration procedure to procure the mesenchymal stem cells that will be used to manufacture each participant's NurOwn treatment for the duration of the trial. Patients will then be randomized 1:1 and treated with NurOwn or placebo via three repeated intrathecal injections, once every eight weeks. All eligible patients who complete Part-A will have the option of entering Part-B, open-label extension period of 24 weeks duration, where all participants will receive three repeated intrathecal injections of NurOwn, once every eight weeks. The primary efficacy endpoint is the change in the Revised Amyotrophic Lateral Sclerosis Functional Rating total score from baseline to Week 24. Primary inference from the trial will be based on a p-value from the combined assessment of function and survival to account for mortality observed in the trial. Cerebrospinal Fluid and blood samples will be collected for analysis of biomarkers of neuroinflammation, neurodegeneration, and neuroprotection. An independent Data Monitoring Committee will monitor the safety of the trial participants.
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WISA | Hot Stocks06:03 EDT WiSA Technologies' compliance plan accepted by Nasdaq - WiSA Technologies received a decision from the Nasdaq Hearings Panel granting its request for continued listing on The Nasdaq Capital Market, subject to subject to the following: on or before April 28, the company must demonstrate a minimum bid price of at least $1 per share; on or before June 28, the company shall demonstrate compliance with attaining stockholders' equity of at least $2.5M. The company plans to implement a one-for-one hundred and fifty reverse stock split on Friday, April 12, with a Nasdaq market effective date of Monday, April 15. The reverse stock 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.
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OPFI | Hot Stocks06:02 EDT OppFi announces 12c per share special dividend, $20M share repurchase plan - OppFi announced that its Board of Directors has declared a 12c per share special dividend to be payable on May 1 to holders of record of the company's Class A common stock as of the close of business on April 19. In addition, the Board authorized a new $20M share repurchase program. The repurchase program will expire in April, 2027.
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