Stockwinners Market Radar for April 16, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

ALGT

Hot Stocks

21:06 EDT Allegiant Travel flight attendants vote to approve new labor contract - Allegiant "announced that the company and the Transport Workers Union of America, AFL-CIO Local 577, representing Allegiant's flight attendants, have ratified a new five-year agreement with immediate wage increases ranging from 20 to 41.2 percent. The tentative agreement was ratified by Allegiant flight attendants with a 89 percent approval vote and 97 percent of members voting. The TWU Local 577 represents more than 1,700 Allegiant flight attendants."
TSLA

Hot Stocks

20:10 EDT Cathie Wood's ARK Investment buys 5.5K shares of Tesla today
SBFM

Hot Stocks

19:50 EDT Sunshine Biopharma Inc trading halted, news pending
MU

Hot Stocks

18:44 EDT Silvaco announces expanded partnership with Micron - Silvaco Group, a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design, "announced an enhanced partnership with Micron Technology which includes: Expanding the scope and extending the term of software license and support services; Securing a $5.0 million investment from Micron in the form of a senior subordinated convertible promissory note, reflecting our partnership with Micron for the development of Silvaco's FTCO digital twin modeling tools."
RIO

Hot Stocks

18:41 EDT Rio Tinto backs FY24 Pilbara iron ore output outlook of 323-338Mt - Backs FY24 Bauxite production view at 53-56 Mt, Aluminum production at 3.2-3.4Mt, Mined Copper production at 660-720kt.
RIO

Hot Stocks

18:39 EDT Rio Tinto reports Q1 Pilbara iron ore production 77.9 Mt, down 2% y/y - Reports Q1 Bauxite production 13.4 Mt, down 11% y/y. Reports Q1 Aluminum production 826 kt, down 2% y/y. Reports Q1 mined Copper 156kt, down 3% y/y. Tinto Chief Executive Jakob Stausholm said: "We delivered stable operating results in the first quarter, including improvements at our bauxite and aluminium businesses, as we navigated seasonal challenges across our global operations. Our full year guidance is unchanged across all our products. We remained focused on growth in energy-transition materials, with the ramp-up at Oyu Tolgoi underground, the first full quarter of recycled aluminium production from Matalco and further progress at Simandou, our high grade iron ore project in Guinea. "Action to decarbonise our operations continues, with power purchase agreements signed marking a significant step towards a competitive renewable energy solution for our Gladstone operations - the single largest lever towards our 2030 emissions goal. We also joined with BHP and BlueScope to investigate the development of Australia's first electric smelting furnace pilot plant, progressing our work on steel decarbonisation. We continue to pursue our long-term strategy, and have a clear pathway to deliver operational excellence, while investing in profitable growth and delivering attractive shareholder returns."
BCLI

Hot Stocks

18:33 EDT BrainStorm promotes Bob Dagher to Chief Medical Officer - BrainStorm Cell Therapeutics announced the promotion of Bob Dagher to Executive Vice President and Chief Medical Officer. In addition, after four years of maintaining top executive roles, Stacy Lindborg stepping down from the role of Co-CEO and will remain with BrainStorm as a member of its Board of Directors. These strategic management changes are being made as the Company prepares to embark on a registrational Phase 3b trial for NurOwn(R), its investigational cell therapy treatment for amyotrophic lateral sclerosis, or ALS. Dagher has served as our Chief Development Officer since July 2023. In his new role as Executive Vice President and Chief Medical Officer, Dr. Dagher's responsibilities will include overseeing the planned Phase 3b registration trial of NurOwn. The Company recently announced that it has reached agreement with the FDA for a Special Protocol Assessment for this trial.
BVN

Hot Stocks

18:30 EDT Buenaventura reports Q1 gold production 43,060 ounces - Compania de Minas Buenaventura announced Q1 results for production and volume sold. Reports Q1 total gold production including associated 43,060 ounces; silver 2,775,730 ounces; led 5,187; zinc 8,814; copper 15,441. Gold sales totaled 40,523 ounces at an average price of 2,111 US$/Oz.
LGF.A...

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18:30 EDT Screaming Eagle Acquisition announces effectiveness of registration statement - Screaming Eagle Acquisition (SCRM) announced that the registration statement on Form S-4, filed by Screaming Eagle's wholly-owned subsidiary, SEAC II Corp., relating to the previously announced business combination with Lionsgate (LGF.A, LGF.B), has been declared effective by the U.S. SEC. The extraordinary general meetings of Screaming Eagle's shareholders and public warrant holders in connection with the Business Combination will be held on May 7. The proxy statement/prospectus relating to the Extraordinary General Meetings will be mailed to Screaming Eagle's shareholders and public warrant holders of record as of the close of business on April 16. As previously disclosed, on April 11, Screaming Eagle and Lionsgate entered into an additional PIPE subscription agreement for $50M, bringing the total committed PIPE financing in connection with the Business Combination to $225M. The parties anticipate that the Business Combination will close in early May, subject to satisfaction of the conditions to the closing of the Business Combination.
TEVA ALVO

Hot Stocks

17:32 EDT Teva and Alvotech announce FDA approved SELARSDI injection - Alvotech (ALVO) and Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries (TEVA) announced that the FDA has approved SELARSDI, or ustekinumab-aekn, injection for subcutaneous use, as a biosimilar to Stelara, for the treatment of moderate to severe plaque psoriasis and for active psoriatic arthritis in adults and pediatric patients 6 years and older. Under the strategic partnership between Teva and Alvotech, Teva is responsible for the exclusive commercialization of SELARSDI in the U.S. Ustekinumab is a human monoclonal antibody (mAb) that selectively targets the p40 protein, a component common to both interleukin-12 and IL-23 cytokines, which play crucial roles in treating immune-mediated diseases like psoriasis and psoriatic arthritis. Alvotech developed and produces SELARSDI using Sp2/0 cells and a continuous perfusion process, which are the same type of host cell line and process used in the production of Stelara. Sales of the reference product Stelara in the U.S. were nearly $7B in 2023.
AMGN

Hot Stocks

17:28 EDT Amgen to present Tezspire Phase 2a COPD data at ATS 2024 - Amgen "provided an update regarding the results of the Phase 2a COURSE trial for TEZSPIRE(R) in chronic obstructive pulmonary disease, or COPD, which were accepted for presentation in the Clinical Trials Symposium at The American Thoracic Society 2024 International Conference on Monday, May 20, from 9:15-11:15 a.m. PDT. We are encouraged by the results of the COURSE Phase 2a proof-of-concept trial, which investigated tezepelumab in moderate to very severe COPD patients, across a broad range of eosinophil levels, irrespective of inflammatory drivers, emphysema, chronic bronchitis and smoking status. This study did not exclude any patients based on their baseline eosinophil count (BEC) and intentionally enrolled patients with a broad range of BECs. Overall, tezepelumab numerically reduced the annualized rate of moderate or severe COPD exacerbations versus placebo by 17% (90% CI: -6, 36; p=0.1042). Of note, more reductions were observed in a prespecified subgroup of patients with BEC greater than or equal to150 cells/muL (37% [95% CI: 7, 57]). The trend in reduction was greater in a small number of subjects with BEC greater than or equal to300 cells/microL."
TTWO

Hot Stocks

17:15 EDT Take-Two announces cost reduction plan, to reduce workfoce by 5% - On April 16, the Board of Directors of Take-Two Interactive Software, approved a cost reduction program to identify efficiencies across its business and enhance the company's margin profile, while still investing for growth. As part of these efforts, the company is rationalizing its pipeline and eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs. The company estimates that it will incur approximately $160M to $200M in total charges in connection with the Plan. The company expects $40M to $60M of the total charges to result in future cash expenditures. The total charge consists of approximately $120M to $140M related to title cancellations, approximately $25 M to $35M associated with employee severance and employee-related costs, and approximately $15M to $25M related to office space reductions. The Plan is expected to be largely complete by December 31 and will reduce the company's workforce by approximately 5%. The company expects to achieve over $165M of annual cost savings in connection with the Plan disclosed in Item 2.05 of this Current Report on Form 8-K.
GAU

Hot Stocks

17:03 EDT Galiano Gold sees Asanko Gold Mine production 140,000-160,000 ounces - Galiano Gold provided 2024 operating and cost guidance and an update on the improved Abore Mineral Resource at the Company's Asanko Gold Mine located in Ghana, West Africa. The AGM is expected to produce 140,000-160,000 ounces at forecast All-In Sustaining Cost, or AISC, of between $1,600/oz to $1,750/oz. With the AGM now owned 90% by Galiano, production is expected to significantly exceed that of 2023, more than doubling the Company's attributable gold production. AISC1 is anticipated to be slightly elevated in 2024 primarily due to the waste stripping to access consistent ore feed at Abore, which will benefit future years production. Sustaining capital, exclusive of capitalized waste stripping, is expected to be approximately $10M in 2024. Growth capital in 2024 is expected to be approximately $20M and primarily includes plant upgrades and site establishment costs. The exploration program in 2024 is expected to be in line with previous years at $15M. The spend is planned to be equally split between generative and near-mine exploration activities.
TTWO

Hot Stocks

16:56 EDT Take-Two's Slatoff sells almost $13.5M in company shares - Take-Two Interactive President Karl Slatoff disclosed the sale of 90,851 shares of compant stock at $148.54 on April 12, for a total transaction amount of $13,494,771.
ADSK

Hot Stocks

16:40 EDT Autodesk down 4% at $219.92 after issuing update on delayed Form 10-K filing
BKNG

Hot Stocks

16:37 EDT Booking Holdings CEO sells $2.65M in common stock - In a regulatory filing, Booking Holdings disclosed that its CEO Glenn Fogel sold 750 shares of common stock on April 15th in a total transaction size of $2.65M.
PXMD

Hot Stocks

16:34 EDT PaxMedica announces request from MOH for emergency access to IV suramin - PaxMedica announced it has received an urgent request from the Ministry of Health, or MOH, of Malawi, asking for emergency access to IV suramin to avert a potential humanitarian crisis brought on by dwindling supplies of drugs used routinely to save lives in that region of Africa. PaxMedica, which just last week announced that it has completed execution of its three pivotal registration/validation batches of PAX-101, an IV form of suramin, has brought this emergency request to the attention of the FDA to determine potential impact, if any, on the ongoing development program and NDA submission plans for PAX-101. PaxMedica has previously announced the completion of its recent Type B meeting with FDA in preparation for submitting an NDA for the use of PAX-101 in the treatment of the rare and fatal trypanosomal infection, Trypanosoma brucei rhodesiense, caused by the bite of a tsetse fly. The company said, "PaxMedica is in the process of responding to the Malawi Ministry of Health's request and is in contact with regulatory authorities in both the U.S. and Malawi with an intention to help with today's emergency, as well as to work with the FDA to determine the best path forward to submit the PAX-101 NDA for regulatory approval, as well as to potentially qualify for a Priority Review Voucher under the Neglected Tropical Disease Priority Review Voucher Program, which could provide PaxMedica resources to help ensure a steady supply of suramin to these endemic regions."
FULT

Hot Stocks

16:33 EDT Fulton Financial reports Q1 net interest margin 3.32% vs. 3.53% last year - Reports Q1 provision for credit losses $10.9M vs. $24.5M last year
ZAPP

Hot Stocks

16:28 EDT Zapp announces 1-for-20 reverse stock split - Zapp Electric Vehicles Group owner of "Zapp", the British electric vehicle brand on a mission to revolutionize personal urban mobility, today announced that its shareholders approved at the Company's annual general meeting on April 11 and that the Company will effect, a consolidation of its authorized share capital at a ratio of 1-for-20...
SSSS

Hot Stocks

16:25 EDT SuRo Capital says NAV approximately $6.90 -$7.40 per share as of March 31 - SuRo Capita provided the following preliminary update on its investment portfolio for the first quarter ended March 31 "We remain incredibly enthusiastic about both our investment pipeline and our current portfolio as the IPO market strengthens and new opportunities at compelling valuations continue to come to light. We are now executing on these opportunities. As such, we are excited to announce that during the first quarter, we added one new portfolio company through a $10.0 million primary investment in Supplying Demand a CPG brand focused on still water, sparkling water, and teas, and are in final documentation on another compelling new investment," said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. "With these exciting new additions to our portfolio, and over $60.0 million in investable capital, we remain steadfast in our belief that there continue to be high-quality opportunities available at attractive prices that allow us to be both opportunistic and judicious with the deployment of capital," Mr. Klein continued.As previously reported, SuRo Capital's net assets totaled approximately $203.4 million, or $7.99 per share, at December 31 and approximately $215.0 million, or $7.59 per share at March 31, 2023. As of March 31 , SuRo Capital's net asset value is estimated to be between $6.90 to $7.40 per share.
OMGA

Hot Stocks

16:23 EDT Omega Therapeutics CFO Joshua Reed to depart - On April 10, 2024, Omega Therapeutics and Joshua Reed, the company's CFO, agreed to terminate his employment effective as of May 31, 2024. In connection with the termination, Mr. Reed will be entitled to receive the severance payments and benefits set forth in his employment agreement with the Company and extended exercisability of his exercisable Company stock options until the first anniversary of the Effective Date, in each case, subject to his entering into a separation agreement containing a release of claims. On April 16, 2024, the Board of Directors of the Company designated Barbara Chan, the Company's Senior Vice President, Finance, as its principal financial officer and principal accounting officer, in each case effective on the Effective Date.
UAL

Hot Stocks

16:22 EDT United Airlines estimates 996 total mainline aircraft at end of 2024 - Estimates 393 total regional aircraft at end of 2024.
CLNN

Hot Stocks

16:22 EDT Clene presents VISIONARY-MS long term extension study results - Clene presented the Phase 2 VISIONARY-MS long term extension, or LTE, study results at the 2024 American Academy of Neurology, or AAN, annual meeting in Denver. Michael Barnett from the University of Sydney presented data demonstrating improved clinical, functional, and structural outcomes associated with daily oral dosing of CNM-Au8 30 mg for up to three years of treatment. These new long-term results from the Phase 2 VISIONARY-MS clinical trial demonstrated evidence supporting repair and remyelinating effects of CNM-Au8 treatment in patients originally randomized to CNM-Au8. The long-term results further enhance the trial's findings from the double-blind period, which demonstrated significant improvements on low contrast letter acuity and on the modified MS Functional Rating Scale, the study's primary and secondary endpoints, with continued improvement observed in the LTE. The significant and concordant results across multiple paraclinical exploratory endpoints reinforce the evidence for sustained clinical benefit to study participants across multiple clinical outcome measures, associated with consistent improvements in neuronal function and remyelination. Participants originally randomized to CNM-Au8 treatment experienced continued significant improvement in vision as measured by low contrast letter acuity. More than half of participants improved by 10 or more letters on a low-contrast Sloan eye chart, with increases of up to 38 letters. Participants originally randomized to placebo who transitioned to CNM-Au8 after the 48-week double blind period into the open label extension also experienced significant improvement in vision as measured by low contrast letter acuity following treatment with 30 mg CNM-Au8. Study participants treated with CNM-Au8 experienced up to 29 points of significant improvement in cognition and working memory as measured by the Symbol Digit Modality Test. Study participants treated with CNM-Au8 experienced significant improvements in both amplitude and latency as measured by multi-focal visual evoked potentials, physiologic measures of signal strength and speed along the visual pathway, markers of neuronal health and remyelination, respectively. MRI measures of axial diffusivity showed significant improvements in T2 brain lesions in study participants treated with CNM-Au8. MRI measures of T2 lesion myelin water fraction and magnetization transfer ratio, markers of remyelination, improved with long-term CNM-Au8 treatment. CNM-Au8 was well-tolerated, and no significant safety findings were observed.
DTIL LLY

Hot Stocks

16:17 EDT Precision announces return of programs, conclusion of collab with Prevail - Precision BioSciences (DTIL) announced the anticipated return of three programs from Prevail Therapeutics, a wholly owned subsidiary of Eli Lilly and Company (LLY). Precision exercised its option to regain rights for the programs following Prevail Therapeutics' decision to conclude the collaboration. Precision uses its novel proprietary ARCUS platform to develop in vivo gene editing therapies for sophisticated gene edits, including gene elimination, insertion, and excision. "We enjoyed a productive gene editing collaboration with Prevail Therapeutics and appreciate their contributions to the success of these programs. Together, we advanced three programs from concept toward clinical candidates, and Precision completed its workplan for these programs to the next stage gate, taking us to an important development decision point," said Michael Amoroso, President and Chief Executive Officer of Precision BioSciences. "Our decision to regain control of the programs brings exciting development opportunities to Precision's pipeline with a focus on benefiting people born with incurable genetic diseases."
ALG

Hot Stocks

16:16 EDT Alamo Group receives notification of strike at Gradall subsidiary - Alamo Group was notified on April 14 that the unionized workers at its subsidiary, Gradall Industries located in New Philadelphia, Ohio, elected to strike after failing to reach a labor agreement with the Company. The approximately 200 workers are part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285. Negotiations are ongoing and the Company is committed to working in good faith with union leaders to reach agreement on the new labor agreement and restore normal operations.
ODC

Hot Stocks

16:14 EDT Oil-Dri Corporation of America to acquire Ultra Pet for $46M in cash - Oil-Dri Corporation of America announced that it has entered into a definitive agreement to acquire privately-held Ultra Pet Company, a supplier of silica gel-based crystal cat litter. Under the terms of the agreement, Oil-Dri will acquire Ultra Pet for $46M in cash. Oil-Dri plans to finance this acquisition through a combination of cash-on-hand and its existing credit facilities. The board of directors of Oil-Dri and the managers of Ultra Pet's parent company have unanimously approved the transaction which is expected to close in Oil-Dri's fourth quarter of fiscal year 2024, after satisfaction of customary closing conditions. Oil-Dri expects this transaction to be immediately accretive to earnings following the completion of the transaction. Ultra Pet, headquartered in Anderson, South Carolina has annual net sales of approximately $24M. Ultra Pet introduced the original crystal cat litter, Litter Pearls, in the United States in 1998. Since then, Ultra Pet has expanded its product offerings and has an established presence in the crystal cat litter segment. Through multiple distribution channels such as e-commerce, pet specialty, and grocery, Ultra Pet has grown its business significantly over the past several years.
OMCL

Hot Stocks

16:13 EDT Omnicell announces XT Amplify - Omnicell announced XT Amplify, a multi-year innovation program that is intended to maximize value for hospitals, health systems, and post-acute care facilities that have invested in Omnicell's XT Automated Dispensing System while also seeking to drive enhanced clinical and operational outcomes at the points of care and within pharmacies. "We recognize that some of our customers are navigating difficult operational and economic environments. We believe Omnicell is nicely positioned to address these current challenges while adapting for the future," said Randall Lipps, chairman, president, chief executive officer, and founder of Omnicell. "We are confident the XT Amplify program will deliver continuous innovation that addresses these evolving and complex needs, while helping customers to maximize outcomes and the value of Omnicell automated dispensing systems currently in use around the globe."
NOG

Hot Stocks

16:12 EDT Northern Oil and Gas announces Q1 hedging results - Northern Oil and Gas "provided an update regarding first quarter hedging results and stock repurchases. The Company periodically enters into derivative agreements to hedge a portion of its commodity pricing exposure. For the first quarter of 2024, realized gains on derivatives are expected to be $19.1 million. Unrealized mark-to-market losses on derivatives are expected to be $146.2 million for the quarter. The Company allocated capital in the first quarter of 2024 to common stock repurchases. NOG repurchased 549,356 shares of its common stock at a weighted average price of $36.42 per share, repurchased prior to the most recent dividend record date. For comparative purposes, the average closing price of NOG's common stock during March 2024 was $37.71, and the final closing price at quarter end was $39.68. As of the end of the first quarter, the Company had $67.5 million of availability remaining on its existing common stock repurchase authorization."
HUBS

Hot Stocks

16:11 EDT HubSpot announces departure of Chief Customer Officer Rob Giglio - The company "announced that Rob Giglio has stepped down from his role as Chief Customer Officer and has left the Company as of Friday, April 12, 2024. The Company will not be filling the Chief Customer Officer role and has promoted the current leaders of sales, marketing, and customer success to report directly to HubSpot's Chief Executive Officer, Yamini Rangan. Christian Kinnear will continue as Chief Sales Officer, a role he has held for over two years. In his nine years at HubSpot, Christian has held several international sales leadership roles and brings a global perspective to the discipline. Kipp Bodnar will continue as Chief Marketing Officer, a role he has held for nearly nine years. A thought leader in the application of artificial intelligence to go-to-market, Kipp brings unique insights on how HubSpot can lead the way for customers with AI. Jon Dick, who was recently appointed to lead customer success after eight years within HubSpot's marketing organization, deeply understands the full customer journey and is a champion for deeper alignment across teams. Together, these three leaders have driven transformational growth for HubSpot in their collective tenure."
NBIX

Hot Stocks

16:11 EDT Neurocrine, Sentia Medical Sciences extend CRF research collaboration - Sentia Medical Sciences announced that they have further extended a research collaboration with Neurocrine Biosciences aimed at discovering novel, long-acting corticotropin-releasing factor, or CRF, receptor antagonist peptide therapeutics. The collaboration will continue to leverage Sentia's proprietary peptide-based platform and Neurocrine's drug development expertise in CRF biology to develop and commercialize medicines with the potential to treat a variety of hypothalamic-pituitary-adrenal (HPA) axis modulated diseases. Under the terms of the research collaboration extension, Sentia and Neurocrine will continue to work together to discover novel peptide antagonists targeting CRF and advance them to development candidate stage, after which Neurocrine would be solely responsible for all further development, manufacturing, regulatory and commercial activities. As part of the collaboration, Sentia will continue to receive committed research funding from Neurocrine to support discovery efforts. Sentia is eligible to receive milestone and royalty payments based on products developed from this collaboration.
UAL

Hot Stocks

16:11 EDT United Airlines up 6% to $43.94 after Q1 results beat estimates
JBHT

Hot Stocks

16:10 EDT J.B. Hunt down 4% at $175.13 after Q1 earnings miss
JBHT

Hot Stocks

16:09 EDT J.B. Hunt reports Q1 Dedicated Contract Services segment revenue $860M, down 2% - The company states: "DCS revenue decreased 2% during the current quarter over the same period 2023, driven by a 1% decline in average trucks combined with a 1% decline in productivity (gross revenue per truck per week). Productivity excluding fuel surcharge revenue increased 1% from a year ago driven by contracted indexed-based price escalators, partially offset by an increase in idled equipment. On a net basis, there were 71 fewer revenue producing trucks in the fleet by the end of the quarter compared to the prior-year period, and 2 more versus the end of the fourth quarter 2023. Customer retention rates are approximately 91%, largely reflecting the downsizing of fleets and to a lesser extent account losses."
JBHT

Hot Stocks

16:09 EDT J.B. Hunt reports Q1 Intermodal segment revenue $1.4B, down 9% from last year - The company states: "Intermodal volume was flat versus the same period in 2023. Transcontinental network loads increased 5%, while eastern network loads decreased 7% compared to the first quarter 2023. Overall demand for our domestic intermodal service offering in the quarter was weaker than expected, partially attributable to competition from over-the-road truck options in the eastern network, and our disciplined approach to the market for the value our services provide. Segment gross revenue decreased 9% from the prior year period, driven by a 9% decrease in segment gross revenue per load, resulting from changes in the mix of freight, customer rates, and fuel surcharge revenue. Revenue per load excluding fuel surcharge revenue was down 8% year-over-year. "
ADSK

Hot Stocks

16:07 EDT Autodesk provides update on internal investigation - Autodesk provided an update on the previously reported internal investigation that is currently being conducted by the Audit Committee of the Board of Directors of the Company. As described in the Company's Form 12b-25 Notification of Late Filing filed with the SEC on April 1 the Committee commenced an internal investigation with the assistance of outside counsel and advisors regarding the Company's free cash flow and non-GAAP operating margin practices. The subject of the internal investigation remains the same as previously disclosed, and the Company currently does not believe that any of the matters under investigation affect any previously issued financial statements or the information in the Company's earnings release on February 29, 2024. As of today, the investigation is ongoing and all parties continue to work diligently to complete the investigation. The Company will not file its Annual Report on Form 10-K for the year ended January 31 within the 15-day extension period contemplated by Rule 12b-25 under the Securities Exchange Act of 1934, as amended, due to the ongoing investigation. Accordingly, the Company expects to receive a notice from The Nasdaq Stock Market that it is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250. Such notification letter is not expected to have an immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market.
UAL

Hot Stocks

16:07 EDT United Airlines lowers FY24 adjusted CapEx view to ~$6.5B from ~$9B - Sees FY25-FY27 CapEx $7B-$9B per year.
UAL

Hot Stocks

16:03 EDT United Airlines reports Q1 capacity up 9.1% y/y
UAL...

Hot Stocks

16:03 EDT United Airlines provides fleet update - United (UAL) has made several adjustments to its long-term fleet strategy based on future needs of the airline and manufacturers production and delivery timelines that are expected to smooth out and moderate the company's aircraft delivery schedule in the coming years including: Converted a portion of Boeing (BA) MAX 10 aircraft orders to Boeing MAX 9 from 2025 through 2027; maintained the right to convert more Boeing MAX 10 into MAX 8 or MAX 9 as needed. Have agreed to letters of intent with two lessors to lease 35 new Airbus (EADSY) A321neos with CFM engines expected in 2026 and 2027. Due to manufacturing and certification delays from prior years, by the end of 2023, the airline's contractual aircraft commitments for 2024 had increased to 183 narrowbody aircraft. At the beginning of 2024, these delays were anticipated to continue and the company expected 101 narrowbody deliveries. Following the 737 MAX 9 grounding and the FAA's announced significant production capacity constraints on Boeing, the company now anticipates 61 narrowbody aircraft and 5 widebody aircraft to be delivered in 2024. In the short run, the company expects a small number of aircraft previously scheduled to enter into service in the second quarter to be pushed into the third quarter, which is expected to have minimal impact on the company's capacity plans.
CDNA

Hot Stocks

16:02 EDT CareDx names John Hanna as new CEO - CareDx has appointed John W. Hanna as its new President and Chief Executive Officer, and member of the Company's Board of Directors, effective April 15, 2024. Hanna brings to CareDx over two decades of executive leadership at the intersection of new technology development and revenue growth in the molecular diagnostics and life sciences tools industries.
IBKR

Hot Stocks

16:01 EDT Interactive Brokers raises quarterly dividend to 25c per share from 10c - This dividend is payable on June 14, 2024, to shareholders of record as of May 31, 2024.
UAL

Hot Stocks

16:01 EDT United Airlines reports Q1 TRASM up 0.6% y/y - Reports Q1 CASM down 0.6%, and CASM-ex up 4.7%, compared to first-quarter 2023.
TSLA

Hot Stocks

15:27 EDT Musk says 'simplifying and streamlining whole Tesla sales and delivery system' - Elon Musk stated in a reply to a Tweet about Tesla having removed inventory discounts for vehicle models in the U.S.: "We are simplifying and streamlining the whole Tesla sales and delivery system. It has become complex and inefficient." Reference Link
ENV

Hot Stocks

14:32 EDT Envestnet up 14% after report on company exploring sale - Shares of Envestnet are up $7.91, or 14%, to $64.45 following Reuters' report.
VSTO

Hot Stocks

13:15 EDT CSG addresses Senator Vance concerns about Vista Outdoor unit deal - The Czechoslovak Group, or "CSG," and CEO Michal Strnad made public an open letter to U.S. Senator J.D. Vance addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG's proposed acquisition of Vista Outdoor's Sporting Products business - recently renamed The Kinetic Group - stating in part: "Senator, with all due respect, your assessment of us was profoundly mistaken. CSG is one of the most important private supporters of the Ukrainian militate effort, a country to which we have supplied much-needed weapon systems dating back to 2018, well before the outbreak of open Russian aggression... We understand that the sale of major producers of small caliber ammunition to a foreign company, even if it is a company from a NATO member state that is a close ally of the U.S., attracts well-deserved attention. In today's global world, however, it is not important which allied country the buying company is based, but what its track record is and what value it can bring to the American ammunition manufacturers associated in The Kinetic Group... We are familiar with the small caliber ammunition market thanks to the acquisition of a majority stake in Fiocchi, a well-known producer of small caliber ammunition worldwide - which also had to be approved by CFIUS - because this company also operates two production sites in the U.S. We are an industrial group that holds the companies it acquires for the long term and invests in them... But we know the most convincing argument is one you can experience yourself. That's why we invite you to visit CSG member companies in the U.S. and Europe to experience first-hand who we really are."
CROX

Hot Stocks

12:20 EDT Crocs rehires Stanley's Terence Reilly as HeyDude president - Crocs earlier today announced the appointment of Terence Reilly as incoming executive vice president and president for the HeyDude Brand. Reilly, 56, most recently served as the President of the Stanley Brand. Prior to his time at Stanley, Reilly served as the Chief Marketing Officer at Crocs. Reilly succeeds Rick Blackshaw, who is leaving the company effective immediately. Reilly will join the executive leadership team on April 29.
FGEN

Hot Stocks

12:19 EDT Kind Pharmaceutials announces settlement agreement with FibroGen - Hangzhou Andao Pharmaceutical Ltd. and Kind Pharmaceuticals LLC, together with its CEO Dong Liu and Chief Scientific Officer Shaojiang Deng, announced a resolution of their recent dispute with FibroGen, Inc. regarding Kind Pharmaceuticals' hypoxia-inducible factor prolyl hydroxylase inhibitortechnology. The parties have agreed to withdraw all pending legal proceedings between them regarding this HIF-PHI technology, without payment by either party. As a result of the settlement, Kind Pharmaceuticals remains free to develop AND017 and other HIF-PHIs in its pipeline.
ANVS

Hot Stocks

12:00 EDT Annovis Bio falls -9.6% - Annovis Bio is down -9.6%, or -$1.06 to $10.03.
HE

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12:00 EDT Hawaiian Electric falls -11.4% - Hawaiian Electric is down -11.4%, or -$1.22 to $9.44.
SKIL

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12:00 EDT Skillsoft falls -32.6% - Skillsoft is down -32.6%, or -$3.00 to $6.20.
KEN

Hot Stocks

12:00 EDT Kenon rises 7.2% - Kenon is up 7.2%, or $1.42 to $21.08.
NRT

Hot Stocks

12:00 EDT North European Oil Royalty Trust rises 8.4% - North European Oil Royalty Trust is up 8.4%, or 54c to $6.99.
AKA

Hot Stocks

12:00 EDT a.k.a. Brands rises 9.6% - a.k.a. Brands is up 9.6%, or $1.13 to $12.87.
SBOW

Hot Stocks

10:51 EDT SilverBow sinks after largest holder Kimmeridge drops buyout proposal - Kimmeridge, the largest shareholder of SilverBow Resources holding 12.9% of outstanding shares, earlier today withdrew its proposal to acquire SilverBow. Kimmeridge said in a statement: "It appears that SilverBow is not willing to seriously engage in any discussions of mergers in which it would be the smaller party. Instead, the Board and management team are focused on maintaining their positions and compensation. Given SilverBow's lack of engagement, Kimmeridge sees no pathway towards a transaction by the April 26, 2024 deadline that we had put forward more than a month ago. As a result, we are withdrawing the Proposal and will be focused on providing solutions for SilverBow's broken governance. The only way SilverBow will maximize value for all shareholders and reach its long-term potential is by introducing new, independent, and experienced perspectives to the Board. The nominees we have put forward are committed to conducting a thorough and unbiased evaluation of all potential paths to value creation - and are bound by none of them, including our prior Proposal. Their only fiduciary duty is to advance the best interests of all SilverBow shareholders." Shares of SilverBow are down 5%, or $1.49, to $30.85 in morning trading.
PNC

Hot Stocks

10:20 EDT PNC Financial 'remains diligent' in expense management efforts - Says remains well-capitalized. Says continues to be well-positioned with capital flexibility. Says expects Fed rate cut to occur in July and November. Expects economic expansion in 2H24.
PSO

Hot Stocks

10:07 EDT Pearson awarded U.K. government contract for England's NCA tests - Pearson has been selected by the U.K. Department for Education's Standards and Testing Agency to manage the administration, processing and support for all primary school national curriculum assessment tests in England. The contract runs for four years beginning from the academic year 2025/26. Pearson will deliver services to 16,500+ primary schools across the country for optional end of KS1 national curriculum assessments, the end of KS2 national curriculum tests and teacher assessments in English writing and science, as well as the phonics screening check.
PSO

Hot Stocks

10:07 EDT Pearson awarded U.K. government contract for England's NCA tests - Pearson has been selected by the U.K. Department for Education's Standards and Testing Agency to manage the administration, processing and support for all primary school national curriculum assessment tests in England. The contract runs for four years beginning from the academic year 2025/26. Pearson will deliver services to 16,500+ primary schools across the country for optional end of KS1 national curriculum assessments, the end of KS2 national curriculum tests and teacher assessments in English writing and science, as well as the phonics screening check.
PNC

Hot Stocks

10:04 EDT PNC Financial says "positioned well" for balance of 2024, beyond - Says executed well, delivered solid financial results. Says continued to grow business. Says expenses were well managed. Says credit quality remains stable. Comments taken from Q1 earnings conference call.
BTTR

Hot Stocks

10:04 EDT Better Choice Company trading resumes
AZUL

Hot Stocks

10:00 EDT Azul falls -8.8% - Azul is down -8.8%, or -55c to $5.71.
AG

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10:00 EDT First Majestic falls -9.3% - First Majestic is down -9.3%, or -70c to $6.79.
SKIL

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10:00 EDT Skillsoft falls -17.7% - Skillsoft is down -17.7%, or -$1.63 to $7.57.
AUNA

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10:00 EDT Auna rises 6.1% - Auna is up 6.1%, or 46c to $7.96.
UNH

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10:00 EDT UnitedHealth rises 6.3% - UnitedHealth is up 6.3%, or $27.86 to $473.49.
AKA

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10:00 EDT a.k.a. Brands rises 10.7% - a.k.a. Brands is up 10.7%, or $1.26 to $13.00.
BTTR

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09:59 EDT Better Choice Company trading halted, volatility trading pause
MS

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09:50 EDT Morgan Stanley sees 2024 tax rate about 23%
UNH

Hot Stocks

09:49 EDT UnitedHealth says experienced more complex quarter - Says recovering quickly from cyber attack. Says sees healthcare environment in need of improvement. Says inflation up year-over-year. Says saw increases in SpecialtyRx. Says Optum has been incredibly consistent. Says member engagement is incredibly important. Says feels good about ability to control utilization on medical side. Says specialty trends is a focus on pharmacy side. Comments taken from Q1 earnings conference call.
KUKE

Hot Stocks

09:47 EDT Kuke Music falls -6.8% - Kuke Music is down -6.8%, or -22c to $3.02.
LYV

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09:47 EDT Live Nation falls -8.2% - Live Nation is down -8.2%, or -$8.17 to $91.60.
SKIL

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09:47 EDT Skillsoft falls -23.8% - Skillsoft is down -23.8%, or -$2.19 to $7.01.
GB

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09:47 EDT Global Blue rises 5.6% - Global Blue is up 5.6%, or 27c to $5.14.
UNH

Hot Stocks

09:47 EDT UnitedHealth rises 6.1% - UnitedHealth is up 6.1%, or $27.39 to $473.02.
AUNA

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09:47 EDT Auna rises 7.2% - Auna is up 7.2%, or 54c to $8.05.
MS

Hot Stocks

09:46 EDT Morgan Stanley sees Q2 NII roughly in line with Q1 - Comments taken from Q1 earnings conference call.
IGT

Hot Stocks

09:46 EDT International Game, Acres resolve all pending litigation, no terms disclosed - International Game Technology and Acres 4.0, Acres Manufacturing Company, and John Acres, announced that effective April 16, they have reached an agreement to resolve all legal disputes between the two companies. Terms of the settlement have not been announced. The resolution was reached in the United States District Court of Nevada, directed to United States patents that pertain to facilitating use of a financial transaction device in a cashless wagering system in a gaming system, and Nevada State Court directed to a breach of contract claims.
BNED

Hot Stocks

09:42 EDT Barnes & Noble Education adopts short-term stockholder rights plan - Barnes & Noble Education announced that its board of directors has approved the adoption of a short-term stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of the company's common stock. The rights will be exercisable only if a person or group acquires 10% or more of the company's outstanding common stock, subject to certain exceptions. Each right will entitle stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock at an exercise price of $5.00. If a person or group acquires 10% of the company's outstanding common stock, each right will entitle its holder to purchase for $5.00, a number of company common shares having a market value of twice such price. In addition, at any time after a person or group acquires 10% of the company's outstanding common stock, the company's board may exchange one share of the company's common stock for each outstanding right. Prior to the acquisition by a person or group of beneficial ownership of 10% of the company's common stock, the rights are redeemable for one cent per right at the option of the board. The dividend distribution will be made on April 29, payable to stockholders on that date and is not taxable to stockholders. The rights will expire on January 31, 2025, unless the rights are earlier redeemed or exchanged.
BNED IMMR

Hot Stocks

09:35 EDT Barnes & Noble Education to receive $95M of new capital - Barnes & Noble Education (BNED) announced that it has entered into a definitive agreement with Immersion Corporation (IMMR) and certain of the company's existing shareholders and strategic partners, on the terms of new equity and refinancing transactions that will strengthen BNED's long-term financial position. Upon close, which is expected in June 2024: BNED will receive gross proceeds of $95M of new equity capital through a $50M new equity investment led by Immersion and a $45M fully backstopped equity rights offering; the transactions are expected to infuse approximately $75M of net cash proceeds after transaction costs. The company's existing second lien lenders, affiliates of Fanatics, Lids, and VitalSource Technologies, will convert approximately $34M of outstanding principal and any accrued and unpaid interest into BNED common stock; and the company has received commitments to refinance its existing asset backed loan facility, pursuant to an agreement with its first lien holders, providing the company with access to a $325M facility maturing in 2028. The refinanced ABL Facility will meaningfully enhance BNED's financial flexibility and reduce its annual interest expense. Through the Rights Offering, BNED plans to issue up to 900,000,000 shares of its Common Stock at a cash subscription price of 5c per share. In the Rights Offering, BNED will distribute to each holder of its Common Stock on the record date one non-transferable Right, for every share of Common Stock owned by such holder on the record date, and each Subscription Right will entitle the holder to purchase the number of shares of Common Stock determined by dividing 900,000,000 by the total number of shares of Common Stock outstanding on the record date. Each holder that fully exercises their Subscription Rights will be entitled to Over-Subscription Rights to subscribe for additional shares of Common Stock that remain unsubscribed as a result of any unexercised Subscription Rights, which allows such holder to subscribe for additional shares of Common Stock up to the number of shares purchased under such holder's basic Subscription Right at 5c per share. Pursuant to the terms and conditions of the Purchase Agreement, if any Subscription Rights remain unexercised upon the expiration of the Rights Offering after accounting for all Over-Subscription Rights exercised, the standby purchasers will collectively purchase, at the Subscription Price, up to $45M in shares of Common Stock not subscribed for by the company's stockholders. Upon closing of the Rights Offering and in addition to the Backstop Commitment, investors led by Immersion, have agreed through the Private Investment to purchase an aggregate of $50M in shares of the company's Common Stock, at the Subscription Price, in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended. The company intends to use approximately $20M of the proceeds from the Rights Offering and Private Investment to fund transaction-related costs. The company maintains the strong support of its Second Lien Lenders, who will convert all outstanding principal and any accrued and unpaid interest, totaling approximately $34M under the Term Credit Agreement into a number of new shares of Common Stock equal to the quotient of the Debt Amount divided by the Subscription Price. In conjunction with the close of the Rights Offering and Private Investment, BNED has received commitments to refinance its existing ABL Facility pursuant to an agreement with its first lien holders. The new $325M ABL Facility will mature in June 2028 and will eliminate or modify the existing debt covenants to provide greater financial and operating flexibility. The ABL Facility will initially have an applicable margin with respect to the interest rate of 3.50% per annum, in the case of interest accruing based on a Secured Overnight Financing Rate, and 2.5%, in the case of interest accruing based on an alternative base rate. Following the one-year anniversary, the applicable margin shall be reduced one time by 25 basis points per annum if certain financial metrics are met. On April 16, 2024, BNED also entered into an amendment to its credit agreement to amend certain financial covenants to provide additional financial flexibility ahead of the transactions expected closing date in June.
NVNO

Hot Stocks

09:32 EDT enVVeno Medical to present topline efficacy data from VenoValve trial - enVVeno Medical announced that additional topline efficacy data from the VenoValve U.S. pivotal trial will be presented at the 2024 Charing Cross International Symposium being held April 23rd - 25th in London, England. The presentation, entitled "Efficacy Results of the SAVVE Trial: Long-term Results for Use of a Bioprosthetic Valve for Patients with Chronic Deep Venous Reflux," will be made on Wednesday, April 24, 2024 by primary investigator Dr. David Dexter, Sentara Hospital, Norfolk, Virginia and Associate Professor of Surgery, Eastern Virginia Medical School. The data to be presented will review the comparative clinical status for subjects enrolled in the Surgical Anti-reflux Venous Valve Endoprosthesis U.S. pivotal study for the VenoValve at a composite weighted average of eleven months post VenoValve implantation, comparing the clinical results from subjects' most recent clinical visit to baseline, as measured by the revised Venous Clinical Severity Score. The composite eleven month weighted average rVCSS data will include nine subjects that have passed the twenty-four month milestone, thirty-one subjects that have passed the twelve month milestone, and twenty-nine subjects that have passed the six month milestone, representing an aggregate of 64 patient-years of follow-up. The rVCSS is an objective grading system used by vascular specialists throughout the world to report clinical outcomes and responses to treatments for venous diseases such as Chronic Venous Insufficiency. The score consists of 10 categories graded from 0 to 3 and includes patient reported outcomes and physician assessments. For severe CVI patients, such as subjects enrolled in the SAVVE study, an improvement in rVCSS of 3 or more points would be considered evidence of the VenoValve's Clinical Meaningful Benefit. Weighted average composite eleven month rVCSS data will be presented during the presentation including the average rVCSS improvement for those subjects showing greater than or equal to 3 point rVCSS improvement, sub-analyses of the Clinically Meaningful Benefit cohort by most recent clinical visit grouping and CEAP classification, as well as the overall percentage of SAVVE subjects that have shown a Clinical Meaningful Benefit, and the overall percentage of subjects enrolled in SAVVE that have shown clinical improvement. In assessing the benefit and risk of a novel technology such as the VenoValve, which addresses an unmet medical need, the FDA considers whether a medical device provides a clinically meaningful benefit compared to existing technologies. Subjects who were enrolled in the SAVVE study all failed at least three months of conventional treatment with existing technologies
JNJ

Hot Stocks

09:30 EDT Johnson & Johnson says no change to M&A strategy - Says has financial flexibility to consider multiple types of transactions.
LEXX

Hot Stocks

09:30 EDT Lexaria Bioscience receives ethics review board approval for GLP-1 study - Lexaria Bioscience announces approval has been received from an independent third-party ethics review board, for human pilot study #2 investigating GLP-1 drugs and DehydraTECH. Subject recruitment will begin immediately and the Company will announce as soon as the first dosing has begun, expected within 30 days or less. The Company anticipates completing the Study this summer. The Study will be performed in up to 9 healthy volunteers and will study a single 7 mg dose of Rybelsus against two different, concentration-matched 7 mg DehydraTECH-enabled semaglutide formulations from crushed Rybelsus. One DehydraTECH Study arm will use a Rybelsus composition processed with DehydraTECH that is compliant with the U.S. Food and Drug Administration's Inactive Ingredient Database, delivered within swallowed capsules. This arm will be otherwise similar to the first DehydraTECH GLP-1 human pilot study conducted that evidenced higher delivery of semaglutide into blood with superior blood glucose control and better tolerability than was achieved with Rybelsus/ The second DehydraTECH Study arm will investigate an oral dissolvable tablet formulation, also compliant with the FDA IID, with DehydraTECH powered semaglutide from Ryblesus. This will be the first study designed to investigate whether DehydraTECH-enhanced semaglutide can effectively absorb into the sublingual/buccal tissues of the mouth and throat with fewer side effects than from swallowed administration, and with some effective level of blood absorption. Tolerability, blood absorption levels, and blood sugar control will all be evaluated. The DehydraTECH compositions for this study will be compound-formulated using commercially available Rybelsus tablets as the semaglutide input material.
EPOW

Hot Stocks

09:26 EDT Sunrise announces Guizhou Province Governor Li Bingjun's visit to factory - Sunrise New Energy announced that Guizhou Province Governor Li Bingjun, accompanied by a delegation of government officials, conducted an official visit to the Sunrise's plant on April 11, symbolizing the Company's pivotal role within the industry. During the visit, Mr. Haiping Hu, Chairman of Sunrise, presented an overview of the Company's production, technological advancements, energy consumption, and environmental protection efforts. Emphasizing innovation-driven strategies, Mr. Hu highlighted the Company's commitment to reducing costs, enhancing competitiveness, and strengthening meticulous management practices. Governor Li praised Sunrise and its representation of Guizhou's new energy power battery and materials industry. He stressed the importance of optimizing government industrial fund operations to support key industries and enterprises. Furthermore, he emphasized the need to promote coordination among upstream and downstream sectors of the industrial chain to leverage cluster effects effectively. Under the leadership of founder Mr. Haiping Hu, a pioneer in China's lithium battery materials industry, Sunrise has repeatedly set industry records. The Company's elite teams have consistently pursued innovation with 61 patent applications filed domestically and internationally, among which 27 patents have been granted. Sunrise has successfully developed various new anode materials in areas such as artificial graphite, natural graphite, composite graphite, soft carbon, hard carbon, and silicon carbon. Leveraging advanced equipment, the Company continues to develop new materials, processes, and technologies with independent intellectual property rights.
PTPI

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09:25 EDT Petros report 'positive' FDA feedback after informal technology component review - Petros Pharmaceuticals announces it has received positive feedback from the U.S. Food and Drug Administration following the FDA's informal review of Petros' technology component for self-selection as the Company endeavors to achieve OTC status for STENDRA. The Agency acknowledged that the technology addressed some of its concerns regarding the PDE5 inhibitor class in that context, particularly with regard to nitrate-using patients. During the recent Type C meeting between Petros and the FDA, the Agency also aligned with the Company in terms of its 2H 2024 submission and review of its pivotal two-arm Self-Selection study, which is currently underway. In addition, the Company received guidance from the FDA on its next technology-centered study, the Application Comprehension Study, which will be subsequently announced following additional steps being completed.
SCND

Hot Stocks

09:23 EDT Scientific Industries, Inc appoints Michael Blechman to board of directors - Scientific Industries announced the appointment of Michael Blechman to the Board of Directors of SI effective April 12, 2024. Mr. Blechman filled a Board vacancy and replaces Mr. Marcus Frampton, who recently resigned, as a Class B director. As CEO of Automated Control Concepts, he led the organization through 20 years of profitable operations and positive shareholder returns, culminating in a successful transaction with a private equity investor.
CXDO

Hot Stocks

09:19 EDT Crexendo says cloud communication platform surpasses 4.5M users - Crexendo announced that its cloud communication platform now supports over four and a half million end users globally. When Crexendo acquired NetSapiens in June of 2021 there were approximately 1.7 million users on the platform, and since then, platform use has increased over 150%. With additional new licensees deploying Crexendo's NetSapiens platform combined with strong growth from their existing base of over 220 licensees, there are now over 4.5 million users utilizing the Crexendo NetSapiens software platform for their communication needs.
PWWBF

Hot Stocks

09:19 EDT PowerBand Solutions provides update on filing of financial statements - PowerBand Solutions announces that as a result of delays in the completion of its audit, the Company will be unable to meet its filing deadline of April 29, 2024, for filing of its audited annual financial statements for the year ended December 31, 2023 and 2022 and management's discussion and analysis for the year ended December 31, 2023 and 2022. The Company was not able to complete the Annual Filings within the time periods required by National Instrument 51-102 - Continuous Disclosure Obligations, due to the delay in commencing the audit owing to the resignation of its previous auditor and the appointment of its successor auditor, HDCPA Professional Corporation. As a result, the Company requires additional time to complete the Annual Filings. In response to the Annual Filings delay, the Company has applied to the Ontario Securities Commission for a management cease trade order under National Policy 12-203 - Management Cease Trade Orders that will prohibit the management of the Company from trading in the securities of the Company until such time as the Annual Filings are filed. No decision has yet been made by the Ontario Securities Commission on this application. The Ontario Securities Commission may grant the application and issue the MCTO or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion. The Company continues to work to complete its annual financial statements for the year ended December 31, 2023 and expects to file the Annual Filings no later than June 29, 2024, and will issue a news release once they have been filed. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed. Until the Company has filed the Annual Filings, members of the Company's management and other insiders are subject to an insider trading black-out policy as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. The Company confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on November 30, 2023 of the Company's interim financial reports for the period ended September 30, 2023. There are no insolvency proceedings involving the Company.
BTTR

Hot Stocks

09:17 EDT Better Choice Company board authorize $5M stock repurchase prgoram - Better Choice Company announces that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $5 million of the currently outstanding shares of the Company's common stock, until December 31, 2024.
MYGN

Hot Stocks

09:16 EDT Myriad Genetics announces new study published in Prenatal Diagnosis - Myriad Genetics announced that Prenatal Diagnosis has published a study demonstrating exceptional positive predictive value for 22q11.2 microdeletion screening using Myriad's prenatal cell-free DNA screen, Prequel, which incorporates fetal fraction amplification. Prior studies from other commercial pcfDNA laboratories have reported a broad range of PPV for the 22q11.2 microdeletion, with several well below 100%.2-6 The proprietary AMPLIFY technology in Prequel increases the relative amount of fetal-derived cfDNA more than two-fold on average and was previously shown to increase analytical performance of 22q11.2 microdeletion screening. The current study shows the clinical performance achieved by Prequel with AMPLIFY: among 22 patients who screened positive for 22q11.2 microdeletion and had diagnostic testing results available, all 22 were confirmed as positive.
ANF

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09:15 EDT Hollister launches Feel Good Fest Music Program - Hollister Co. launches its Feel Good Fest Music Program. A first-of-its-kind initiative for the global teen retailer, the program focuses on bringing a diverse group of popular and trending musicians and Hollister's feel-good spirit to fans and customers nationwide through live performances, social activations, merch, styling opportunities and more. Kicking off with six Gen-Z artists and groups this spring and summer, with several more planned this fall, the program's centerpiece is the Hollister Feel Good Fest. The concert series, which kicks off today, will take place at dozens of high schools and other select venues around the country and will feature performances by both viral and chart-topping artists like Benson Boone, Boys World, Claire Rosinkranz, Dylan Conrique, JVKE and WanMor.
BMR

Hot Stocks

09:14 EDT Beamr Imaging presented a demonstration of real-time video streaming capability - Beamr Imaging announced that it has presented a demonstration of real-time video optimization application at the NAB Show 2024, a premier event for the broadcasting, streaming and media industry in Las Vegas, Nevada. Beamr CEO Sharon Carmel said: "The demonstration of Beamr's perceptual optimization technology accelerated by GPUs has the potential to enable efficient video processing at scale in real-time streaming and over 5G. Such an application is poised to be relevant in various use cases, including edge products and the Internet of Things, as 5G bottlenecks are relieved and the streaming of ultra-high-definition video becomes widely available.".
MU

Hot Stocks

09:14 EDT Micron announces 232-layer QLC NAND now in mass production - Micron Technology announced that its 232-layer QLC NAND is now in mass production and shipping in select Crucial SSDs, in volume production to enterprise storage customers and sampling to OEM PC manufacturers in the Micron 2500 NMVeTM SSD.
AMD

Hot Stocks

09:12 EDT AMD expands commercial AI PC portfolio - AMD announced new products that will expand its commercial mobile and desktop AI PC portfolio, delivering exceptional productivity and premium AI and connectivity experiences to business users. The new AMD Ryzen PRO 8040 Series are the most advanced x86 processors built for business laptops and mobile workstations.2 In addition, AMD also announced the AMD Ryzen PRO 8000 Series desktop processor, the first AI enabled desktop processor for business users3, engineered to deliver cutting-edge performance with low power consumption.
NN

Hot Stocks

09:12 EDT NextNav lays out new vision for complement, backup to GPS - NextNav filed a rulemaking petition asking the Federal Communications Commission to deliver an innovative spectrum solution in the Lower 900 MHz band. The petition proposes rearranging the band to facilitate a terrestrial PNT network and broadband. Filed today, the petition specifically asks the FCC to reconfigure the band plan and adopt new rules to: Enable a high-quality terrestrial complement and backup to the Global Positioning System on which the nation relies for essential PNT services. Provide 15 megahertz of low-band spectrum for use by mobile broadband networks. "We have the chance to do something exciting with our airwaves. This new vision for the Lower 900 MHz band unleashes spectrum for essential PNT solutions as well as broadband - all while protecting licensed incumbent operations," stated NextNav CEO Mariam Sorond. "In a time when spectrum is scarce, we have a solution to prioritize national security and public safety and free up spectrum for 5G. It's a win for Americans and the US economy."
TBTC

Hot Stocks

09:11 EDT Saddle West selects CasinoTrac CMS - Table Trac announced a new agreement to replace a competitor's system with the CasinoTrac casino management system, at Saddle West Hotel Casino & RV Resort, in Pahrump, NV. Executive management at Saddle West expressed excitement about working with CasinoTrac, selecting the CMS because it, "seems like a perfect fit their operations. The a la carte features, security offered through the lightweight server footprint, solid warranties, upgrades, and lifetime licensing set CasinoTrac head and shoulders above the competition."
TSBX

Hot Stocks

09:11 EDT Turnstone Biologics appoints William Waddill to board of directors - Turnstone Biologics announced the appointment of William Waddill to the Company's Board of Directors. The Company also announced that Patrick Machado has stepped down as a member of its Board of Directors. These changes became effective as of April 15, 2024. In his most recent operational role, Mr. Waddill served as Senior Vice President and CFO, of Calithera Biosciences.
MTTR

Hot Stocks

09:10 EDT Matterport partners with Crunch Fitness to offer advanced photography services - Matterport announced it has partnered with Crunch Fitness, one of the largest fitness companies in North America, to use Matterport's leading digital twin and photography services to ensure brand consistency across marketing materials for its U.S. franchise locations. With this agreement, Matterport will offer Crunch clubs access to nationwide photography, digital twins, and aerial drone photography services to produce rich media content that encourages prospective gym-goers to start their fitness journey with Crunch. "We are thrilled to help Crunch create a more consistent experience across promotional materials that encourages members from every community to participate in fitness," said Jay Remley, Chief Revenue Officer, Matterport. "With our expert photography services and the immersive power of Matterport's digital twins, Crunch Fitness is primed to extend its excellence as a leader in the fitness world across all of its marketing assets."
PCTY

Hot Stocks

09:09 EDT Paylocity unveils new features for next-generation workforce - Paylocity announces new innovative features aimed at transforming talent acquisition, employee engagement, and retention for the next generation of workers. As Gen Z surpasses Boomers in the workforce this year, swelling to more than 17.1M employees, companies are recognizing the need for customized solutions that address this generation's distinct needs and preferences. Job seekers can now easily apply for jobs by simply scanning QR codes or texting with the new text-scan feature, making the application process fast and intuitive even while on the go. For recruiters, this new feature provides key metrics on engagement, visits, applications, rates, and hire data. Another new feature gives applicants the ability to have real-time conversations with potential employers through two-way texting, providing quick and direct communication for instant interactions with recruiters. Paylocity also empowers candidates to share their preferred name, ask optional identity questions, or mask information that may promote bias in the hiring process, promoting inclusivity while reducing bias for candidates. Paylocity's seamless integration with LinkedIn, ZipRecruiter, and Indeed, allows candidates to directly apply for multiple jobs without leaving the job boards. New integrations with Gmail and Outlook calendars provide candidates hassle-free interview scheduling. Recruiters can easily send calendar invites with meeting links and documents such as resumes and interview guides. Two-way synchronization makes it simple to update or cancel an event.
TOON

Hot Stocks

09:09 EDT Kartoon Studios unveils 'Gadget A.I.' - Kartoon Studios announced the development of a new proprietary generative AI toolkit and workflow, "GADGET A.I.," designed to enable the development, production, and post-production of new animated content, as well as revitalize and upgrade the quality and distribution reach of thousands of existing catalog episodes and acquisitions. Andy Heyward, Chairman & CEO of Kartoon Studios and Co-Creator of the iconic franchise "Inspector Gadget," stated, "During the past year, we have dedicated a great deal of time and resources to understand the opportunities with AI as it pertains to our business and have been speaking extensively with leaders in the field. Our commitment to harnessing AI reflects a pivotal shift in our industry's approach to content creation and distribution. By connecting various tools via OpenUSD into 'Gadget A.I.' with NVIDIA Omniverse, we aim to streamline production processes, accelerate quality, and significantly reduce both time to market and expenditures. Todd has done a brilliant job of using technology to turn Kartoon Channel! to profit in record time for a streaming service, and his fluency in digital technology makes him a natural fit to lead this initiative into the future."
DEA

Hot Stocks

09:08 EDT Easterly Government acquires property leased to OCIO & ICE, near Dallas TX - Easterly Government Properties announced that it has acquired a 135,200 square foot facility primarily leased to the Office of the Chief Information Officer and Office of Human Capital of the U.S. Immigration and Customs Enforcement, ICE, located near Dallas, Texas..."This strategic acquisition positions us to further enhance Easterly's cashflows and provide accretive growth for our shareholders," said Darrell Crate, Easterly's Chief Executive Officer. "With the addition of this asset and the excellent creditworthiness of our tenancy, we continue to fortify our balance sheet to enable continued growth across market cycles." Easterly's acquisition value was predicated on the current leased square footage of the property, which excludes unleased space to which we attribute no value as part of the purchase price. ICE - Dallas currently has an additional 6,154 square feet available for future leasing as a value-add opportunity. With this acquisition, Easterly owns, directly or through the Company's joint venture, 91 properties totaling 8.9M square feet.
KNDI

Hot Stocks

09:07 EDT Kandi Technologies completes redomicile merger - Kandi Technologies Group announced that the reincorporation merger to redomicile the Company as a British Virgin Islands company has been completed on April 16, 2024. Pursuant to the Merger, each outstanding share of the common stock of the Company is converted into the right to receive one ordinary share of Kandi Technologies Group, Inc., a British Virgin Islands company. The ordinary shares of Kandi BVI are expected to trade on the NASDAQ Global Select Market under the trading symbol "KNDI", the same symbol under which the common stock of the Company is listed from 9:30 am E.T., April 17, 2024.
SCLX

Hot Stocks

09:06 EDT Scilex reports Q1 ZTildo gross sales $34M-$38M - The Company estimates that: ZTlido gross sales for the first quarter of 2024 were in the range of $34.0 million to $38.0 million, compared to $27.5 million for the first quarter of 2023, representing growth in the range of approximately 24% to 38%. ZTlido net sales for the first quarter of 2024 were in the range of $12.0 million to $13.0 million, compared to $10.6 million for the first quarter of 2023, representing growth in the range of approximately 13% to 23%. "We believe the non-opioid pain management prescription market is adopting our products rapidly and should be reflected in continued sales growth, both within the traditional neuropathic pain and migraine non-opioid market and from the additional potential launch of our new gout prophylaxis product, Gloperba expected to launch in the first half of 2024. Scilex also plans to reduce R&D and other administrative expenses and to focus on its late-stage pipeline programs such as SP-102. This will enable us to invest in expanding the commercial and production activity for our products. Our intention is to drive value creation and ensure we remain ahead of rising demand for our non-opioid products," the company said.
PUBM WPP

Hot Stocks

09:05 EDT PubMatic partners with GroupM to deliver AI generated cohort - PubMatic (PUBM) announced a partnership with GroupM, WPP's (WPP) media investment group, to deliver cohort-based modeling capabilities for advertisers. This collaboration, a first-of-its-kind in the market, leverages a distributed AI model via Resolve, a Choreograph company, to enable scaled targeting across multiple publishers simultaneously, ensuring privacy-first ad buying at scale. The proprietary technology utilizes impression level data to generate privacy-compliant audience segments. The technology delivers sustainable scalability for both buyers and sellers, with no personal data moved or shared in the buying process. Data is exclusively connected to inventory on the sell-side, creating enhanced auction packages for advertisers through advanced demand-side tools.
TRUP

Hot Stocks

09:04 EDT Trupanion issues letter to shareholders - Trupanion issues 2023 shareholder letter. "Our goal... is--to eliminate the need for "financial" euthanasia, and our mission is to help loving, responsible pet parents budget and care for their pets. To be successful, we have to help more than a few Mitzies--we need to help millions! We measure our impact in the billions of dollars we have spent paying veterinary invoices on behalf of our members. It took 20 years for Trupanion to pay out our first billion dollars in member invoices. Three years later, we crossed the $2 billion threshold. Later this year, we expect to cross $3 billion, and if we continue to grow intrinsic value per share at 20% to 25% year after year, within a decade, we will be paying out $5 billion per year in veterinary invoices. This is how we define success. By all the Mitzies and responsible, loving pet parents that we get to help. To make this happen, everyone in the ecosystem needs to win. Everyone! This includes pets, pet parents, veterinarians and their staff, our territory partners, team members, industry partners, regulators, and, of course, our shareholders... 2023 was an interesting year for many reasons. For the first time in company history, we generated over a billion dollars in annual revenue. Total revenue grew 22% to $1.1 billion. Our core Subscription Business contributed $713 million in revenue, and our lower margin "Other Business" contributed $396 million. On the surface, crossing a billion dollars with a 22% revenue growth rate could be deemed by some as a good year, but these results mask some more distinct challenges"
DH

Hot Stocks

09:04 EDT Definitive Healthcare launches Carevoyance sales enablement solution - Definitive Healthcare announced the launch of Carevoyance, an innovative sales enablement solution tailored for medtech organizations. Acquired by Definitive Healthcare in January 2024, Carevoyance tackles frontline sales challenges head-on. It's a powerful sales acceleration engine that enables medical technology sales and marketing teams to streamline time-consuming tasks, including sifting through data to identify target markets, researching potential customers, and automating reports for strategic sales conversations. This translates to faster sales cycles, more targeted outreach, and ultimately, getting life-saving devices to patients more quickly.
BL

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09:04 EDT BlackLine appoints Jeremy Ung as Chief Technology Officer - BlackLine appointed Jeremy Ung as Chief Technology Officer, effective April 15th. Ung comes to BlackLine with over 20 years of experience in software engineering, spanning development, product management, and engineering management. He most recently served as CTO at AI-powered technology financial management software leader Apptio. Before joining Apptio in 2019, he spent three years in leadership positions at Amazon Web Services. Before that, he held various senior program and software management roles at Microsoft and MDA, a satellite and geo-intelligence pioneer.
AMIX

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09:03 EDT Autonomix announces issuance of U.S. patent on catheter-based technology - Autonomix Medical announced that the U.S. Patent and Trademark Office has issued U.S. patent 10,143,419 entitled "Systems and Methods for Treating Cancer and/or Augmenting Organ Function." The issued patent is directed to technology including, but not limited to, systems, methods and devices for interventionally treating cancerous tumors and cancer related pain. The Company is initially advancing the development of its technology to address pancreatic cancer-related pain. The Company's catheter-based sensing technology is being developed to do two things: sense neural signals associated with pain or disease and precisely target those nerves for treatment. Autonomix believes this technology is a better alternative to the current approaches commonly used today, where doctors either rely on systemic drugs like opioids that lose effectiveness and have unwanted side effects or treat suspected areas blindly in hopes of hitting the right nerves, an approach that is often inaccurate and can miss the target and even cause collateral damage to surrounding parts of the body. The Company is initially developing its technology to address pancreatic cancer-related pain. Current approaches, primarily relying on opioids or invasive ethanol injections, can provide only limited relief and may lead to risky side effects.
GVP

Hot Stocks

09:02 EDT GSE Systems awarded $765K nuclear engineering services contract - GSE Systems announced that a significant contract has been secured to deliver nuclear engineering services for a 24-month fuel cycle operation to a major utility company based in the U.S. The transition from 18- to 24-month fuel cycles reduce plant outages, enhances fuel reliability and operational margins for utilities without requiring additional measures like increased burnup and enrichment levels. This award, valued at approximately $765K, is through a GSE partnership with the fuels provider. The contract agreement includes GSE management of several complex engineering programs delivered directly to the nuclear power plant.
BAC

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08:59 EDT BofA: Losses on office loans front-loaded, should decline in Q2
JNJ

Hot Stocks

08:58 EDT Johnson & Johnson says 'off to solid financial start' in 2024 - Says continues to invest in R&D at "competitive levels." Says "pleased" with free cash flow generation in Q1. Says capital allocation strategy remains unchanged. Says many catalysts in pipeline to drive growth. Comments taken from Q1 earnings conference call.
BAC

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08:55 EDT BofA sees low single digit percentage loan growth, moderate deposit growth
TURB

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08:53 EDT Turbo Energy says El Corte Ingles begins selling GoSolar solution - Turbo Energy announced that El Corte Ingles has launched Turbo Energy's GoSolar offering for sale this week.This move is expected to allow El Corte Ingles S.A. to further pursue its commitment to innovation and sustainability, aligning with Turbo Energy's pursuit of cleaner and more efficient solutions in the field of photovoltaic generation.
BAC

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08:53 EDT Bank of America sees to be Q2 low point for NII, expects 2H24 NII to grow - Sees Q2 NII approaching $14B on FTE basis.
BAC

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08:48 EDT Bank of America: Loan spreads continue to widen
WISA

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08:48 EDT WiSA Technologies subsidiary executes five-year WiSA E licensing agreement - WiSA Association, a subsidiary of WiSA Technologies announced that it has executed its fourth five-year WiSA E licensing agreement with a fourth major HDTV/PTV brand. The WiSA E license allows the brand to integrate WiSA E software into its products, thereby offering consumers a variety of wireless immersive audio options including full interoperability with any of the WiSA E-enabled speakers offered by the many WiSA Association speaker brands.
BAC

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08:48 EDT Bank of America: Well positioned against current proposed capital rules
PLNT

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08:47 EDT Planet Fitness appoints Colleen Keating as CEO - Planet Fitness has appointed Colleen Keating as the company's CEO, effective June 10. At that time, Craig Benson will resign as Interim CEO but will continue to serve as a member of the Board. Keating has served as CEO of FirstKey Homes since 2020. Prior to joining FirstKey, Keating served in a variety of roles of increasing responsibility at InterContinental Hotels Group, including Chief Operating Officer, Americas, and Starwood Hotels & Resorts Worldwide.
IINN

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08:45 EDT Inspira Technologies' ART100 transplant device selected by Israeli hospital - Inspira Technologies signed a collaboration term sheet with the Beilinson Hospital in Israel for the evaluation of its proprietary INSPIRA ART100 device in organ transplant procedures. This Term Sheet marks a significant advancement and opportunity for the company in its technology being extended for use in additional medical segments and markets. The hospital shall provide Inspira with access to the internally logged data and diagnostics from the use of the Device and user feedback from medical doctors, certified clinical perfusionists, and other caregivers. The data is intended to be freely used by Inspira. Beilinson Hospital is an organ transplant center in Israel conducting over 70% of the organ transplants in Israel.
ITI

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08:45 EDT Iteris awarded $900K contract for multimodal Port of Long Beach study - Iteris announced it has been awarded a $900,000 contract by the Port of Long Beach for an 18-month multimodal transportation study.The project will identify how best to accommodate cargo movement within the Port to enhance safety and efficiency for various transportation modes, including trucks, rail, transit, bicyclists, and pedestrians. It will also coordinate future Port development and infrastructure improvements. Iteris is leading a team of partner firms, including HDR Inc., System Metrics Group, Raju Associates, and Valerie Martinez Associates Communications, Inc., to provide comprehensive services.
DCO

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08:42 EDT Ducommun trading resumes
QTI

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08:42 EDT QT Imaging: 2nd blinded screening trial finds technology as effective as DBT - QT Imaging Holdings announces positive data regarding the diagnostic performance of QTI's Breast Acoustic CTTM Scans for mass detection from its second blinded multi-reader multi-case study. The study was published in Academic Radiology, online, in January 2024: A Multireader Multicase MRMC Receiver Operating Characteristic ROC Study Evaluating Noninferiority of Quantitative Transmission QT Ultrasound to Digital Breast Tomosynthesis DBT on Detection and Recall of Breast Lesions - Academic Radiology...Twenty-four breast radiologists participated in a study of 177 selected cases. The study found that QTI's Breast Acoustic CTTM is similarly effective as digital breast tomosynthesis DBT , also known as 3D mammography, in that the area under receiver operating characteristic curve AUC was statistically non-inferior for QTI scan compared with DBT for the AUC difference margin of -0.05. This means that QTI technology is non-inferior to DBT in the detection of breast lesions as a whole, with high specificity in determining benign cysts and thus decreasing benign recall rates. Statistical analysis was performed by Dr. Yulei Jiang from the Department of Radiology of the University of Chicago..."We are encouraged by the consistent high performance of QTI's technology, especially in women with dense breasts. Along with the previously published results and from comparison of QTI's scans with mammography, these trial results will be valuable for our planned FDA submission for a screening indication in younger women identified with above-average risk for developing breast cancer and who have not yet reached the age for conventional mammography-based screening," said Dr. Bilal Malik, Chief Science Officer. The results of the study comparing QTI's technology performance with mammography were published in Academic Radiology, in December 2020: An Exploratory Multi-reader, Multi-case Study Comparing Transmission Ultrasound to Mammography on Recall Rates and Detection Rates for Breast Cancer Lesions - Academic Radiology
JAGX

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08:42 EDT Jaguar Health enters in-license agreement with Venture Life Group for Gelclair - Jaguar Health signed an exclusive 5-year in-license agreement with United Kingdom-based Venture Life Group for Venture Life's FDA-approved oral mucositis prescription product, Gelclair, for the U.S. market. Gelclair is a clinically proven, convenient, and easy to use gel that provides rapid and long-lasting pain relief and improves the ability of oral mucositis patients to eat, drink, swallow, speak and sleep. Gelclair also reduces the need to use parenteral feeding or opiate analgesics.
GRI

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08:41 EDT GRI Bio issued grant from Korean Intellectual Property Office - GRI Bio announced that the Korean Intellectual Property Office has issued a Notice of Patent Grant for Patent Application No. 10-2017-7018579 titled, "Prevention and Treatment of Inflammatory Conditions." The issued patent covers claims including compositions and methods for modulating type 2 and/or type 1 invariant NKT cells in the prevention and treatment of inflammatory conditions of the liver. More specifically, when issued the patent will cover the prevention and treatment of inflammatory and fibrotic conditions through the administration of a Retinoic Acid Receptor agonist that inhibits iNKT cells and the administration of an RAR agonist that inhibits the activity of iNKT cells in a subject. "We are pleased to add this Korea patent to our intellectual property portfolio covering our innovative pipeline of NKT cell modulators. Each granted patent provides further validation and bolsters our confidence of our differentiated approach to the prevention and treatment of inflammatory, fibrotic and autoimmune diseases. As we continue to advance our development programs forward, we remain steadfast in our commitment to expand our IP globally and position the Company to address the global unmet need amongst patients for much needed treatment options," Marc Hertz, PhD, Chief Executive Officer of GRI Bio.
LIVE

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08:40 EDT Live Ventures' Vintage Stock announces opening of 72nd store - Live Ventures Incorporated announces its subsidiary, Vintage Stock, has opened its 72nd store in Chattanooga, TN. The new Vintage Stock branded store is a unique addition to the Hamilton Place Shopping Center. This location not only marks Vintage Stock's first store east of the Mississippi but also signifies a significant step in Vintage Stock's expansion into the Southeastern U.S., with a store in Huntsville, AL, expected to open in approximately 60 days. Vintage Stock is an award-winning specialty entertainment retailer with stores across the U.S. under the following brand names: Vintage Stock, Movie Trading Company, EntertainMart, and V-Stock.
SWIN

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08:39 EDT Solowin Holdings selected as dealer for Harvest Global's Bitcoin, Ethereum ETF - SOLOWIN HOLDINGS has been selected as one of the three participating dealers for Harvest Global's spot Bitcoin and Ethereum ETF in Hong Kong. Harvest Global was one of the just three ETF providers to receive conditional approval from the Hong Kong Securities and Futures Commission (SFC) this week to launch spot Bitcoin and Ethereum ETFs. The conditional approval, coming just three months after the U.S. introduced similar ETFs which attracted around $12 billion in investments, marks a significant regulatory advancement for Hong Kong's aspirations to be a global virtual asset hub. The virtual asset spot ETFs in Hong Kong will also introduce an in-kind subscription mechanism that allows investors to buy into the ETF using Bitcoin or Ethereum directly. This is expected to act as a transformative vehicle for channelling significant investment into the virtual asset space.
LOBO

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08:39 EDT LOBO EV received strong interest in solar-powered EVs at Canton fair - LOBO EV Technologies announced it received strong interest from potential customers at the 135th China Import and Export Fair, Canton Fair, with more than 100 potential buyers visiting LOBO's booth on the first day of the event. The Canton Fair is taking place on Pazhou Island, Guangzhou, China from April 15 to April 19, 2024. The Company is in discussions to establish a strategic cooperation agreement with a Cambodian customer, which is expected to generate annual sales of more than 10,000 vehicles, subject to the terms and conditions of the final agreement. "We are thrilled by the overwhelming response our innovative solar-powered EVs have received at the 135th Canton Fair. The praise from both new and existing clients has been incredibly affirming, reflecting our commitment to advancing electric mobility," stated Huajian Xu, CEO of LOBO. "Remarkably, we have secured approximately $1.2 million in new orders as of today from distributors at the exhibition who will resell our e-bikes in Eastern Europe, Southeast Asia, North America, and Latin America. Historically, the Canton Fair has consistently led to fruitful results, and this year is once again proving to be a major success."
TELO

Hot Stocks

08:38 EDT Telomir Pharmaceuticals unveils pre-clinical data on age-reversal drug - Telomir Pharmaceuticals recapped its presentation of compelling pre-clinical data on Telomir-1 at a high-profile event hosted at the National Press Club in Washington, D.C., on April 15, 2024. Dr. Chris Chapman, Co-founder, Chairman, CEO, President and Chief Medical Officer of Telomir, and Dr. Michael Roizen, special advisor to Telomir on age reversal, spearheaded the presentation, showcasing the remarkable prospects for Telomir- 1 to potentially allow the body to repair itself and mitigate effects typically associated with aging. As part of its commitment to transparency and openness in sharing its research data, during the event, Drs. Chapman and Roizen presented company data that showed the effect of Telomir-1, a novel molecule designed to modulate telomerase activity and elongate telomeres. The data show that telomeres lengthened in vitro in human cells and telomerase activity increased by 40%.
BAC

Hot Stocks

08:38 EDT Bank of America: Headcount at Q1-end down by more than 4,700 people vs. year ago - Comments taken from Q1 earnings conference call.
DCO

Hot Stocks

08:38 EDT Ducommun rejects non-binding indication of interest from Albion River - Ducommun responded to an unsolicited, non-binding indication of interest dated April 1, 2024 from Albion River to acquire all outstanding shares of Ducommun for $60.00 per share in cash. The company said, "The Board of Directors has unanimously determined it is not in the best interests of the Company and Ducommun shareholders to pursue further discussions regarding the proposal. Consistent with its fiduciary duties and in consultation with its legal and financial advisors, our Board of Directors carefully reviewed and considered the offered pricing and the underlying proposed actions. Following that review, our Board of Directors concluded that the Company's previously disclosed Vision 2027 Strategy reflects a substantially better long-term value creation opportunity for Ducommun's shareholders. Over the past seven years, our Board and Management team have effectively transformed the Company's business with strategic acquisitions of engineered product businesses with high aftermarket mix, implementation of a value-based pricing strategy, significant facility consolidation, improved operations and customer metrics, a leaner management structure and many other cost reduction actions. Despite the impact of the COVID-19 pandemic and the 737MAX on our markets, Ducommun's revenue has grown from $551M in 2016 to a new all-time revenue record of $757M in 2023. Also, Ducommun's EBITDA margins have expanded from 10% in 2016 to 13% in 2023. As a result, the Company's shareholders benefitted from an increase in market capitalization from approximately $286M at the end of 2016 to approximately $760M at the end of 2023. In addition, the Company managed through the COVID-19 pandemic and 737MAX with limited impact on its Adjusted EBITDA despite significant deterioration in the commercial aerospace industry. This was accomplished by growing its military and space business from $278M in 2018 to $421M in 2022 and through proactive cost management. Since December 2022, Ducommun management has been executing its Vision 2027 Strategy by consolidating its facility footprint, continuing its targeted acquisition program, increasing the revenue proportion of engineered product and aftermarket content, executing our offloading strategy with defense primes in high growth segments of the defense budget, and by expanding content on key commercial aerospace platforms. These strategic initiatives already have positioned Ducommun to benefit from the continuing recovery in aircraft production rates over the next several years. Ducommun's market capitalization has increased to approximately $760M at the end of 2023 from approximately $605M at the end of 2022, a 25.6% increase in a single year. Our Board of Directors and management team expect that, as previously disclosed in our Vision 2027 Strategy, by 2027 Ducommun will achieve $950M to $1,000M in net revenues, with approximately 18% adjusted EBITDA margins. This would represent a gain of approximately 470 basis points since 2022 and approximately 13% adjusted operating income margins. Our Board of Directors therefore believes that Albion River's offered price and generic proposed actions significantly undervalues Ducommun and could distract our team from our Vision 2027 Strategy. Therefore, our board has reaffirmed that Ducommun is not for sale. We remain committed to our proven strategy to substantially grow the value of Ducommun. We value the views of our shareholders, and we are happy to consider any useful ideas to increase the long-term value of Ducommun. Our Board of Directors and management will continue to listen to all Ducommun shareholders and act in their collective best interests."
HOVR

Hot Stocks

08:37 EDT Horizon Aircraft provides corporate update - New Horizon Aircraft is publishing a comprehensive Company update. Brandon Robinson, Chairman and Chief Executive Officer of Horizon commented, "Horizon had a tremendous start to 2024. After successfully completing our business combination, we were able to continue making significant technical progress on our unique hybrid electric eVTOL development program." Robinson continued, "Our practical and capital efficient approach has resonated with investors and operators alike. Our last quarter saw us sign an LOI with Indian regional air transport JetSetGo for purchase of up to 100 aircraft ($500M USD), continue the flight test program of our scale prototype, and further the design of our full-scale aircraft. I am incredibly proud of the team, our progress, and our differentiated place in the Advanced Air Mobility (AAM) market."
NNDM

Hot Stocks

08:37 EDT Nano Dimension appoints Ben-Eliahu to board of directors - Nano Dimension announced that Major General Eitan Ben-Eliahu is joining its Board of Directors. Major General Ben-Eliahu is currently the President of International Flight Academy, a board member of Gadfin Ltd. and RoutePerfect Ltd., and Chairman of the College Academic Center of Law & Business.
QSAM TLPPF

Hot Stocks

08:36 EDT QSAM Biosciences announces reverse stock split ratio ahead of merger - QSAM Biosciences (QSAM) announced that it will effectuate a reverse stock split of the issued and outstanding shares of QSAM's common stock, par value $0.0001 per share, at a ratio in the range of 1:1000 to 1:2000, prior to the closing of the merger between the Company and Telix Pharmaceuticals Limited (TLPPF) pursuant to which Telix will acquire QSAM. On April 15, 2024, the Board of Directors of QSAM unanimously approved that the reverse stock split ratio be 1-for-2,000 such that once the reverse stock split goes into effect, every holder of Common Stock of the Company shall receive one share of Common Stock for every 2,000 shares of Common Stock held. On February 7, 2024, a majority of the voting shareholders of QSAM approved the reverse stock split and granted the Board the discretion to adopt the ratio prior to the closing of the Merger, which ratio the Board has adopted and is announcing today. As previously announced, the parties signed the Agreement and Plan of Merger on February 7, 2024. QSAM anticipates that the Merger will close in early May, subject to the closing conditions set forth in the Merger Agreement. The Reverse Stock Split will not be effective until immediately preceding the closing of the Merger and will be abandoned in the event the Merger Agreement is terminated. In connection with the closing of the Merger, each outstanding fractional share of QSAM Common Stock after giving effect to the Reverse Stock Split will be automatically exchanged for the right to receive an amount of cash, in lieu of Telix Ordinary Shares, equal to such fractional share's pro rata share of the Closing Consideration and one contingent value right for each share of QSAM Common Stock that was converted into a fractional share pursuant to the Reverse Stock Split. The CVRs will provide for contingent future payments upon the achievement of specific milestones related to the development and commercialization of QSAM's pipeline drug candidates.
SP

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08:35 EDT SP Plus launches its Bags branded technology at New Brightline - SP+ Corporation announced a partnership with its subsidiary Bags and Brightline high-speed rail service. Bags provides luggage handling services along with technology to print luggage tags and tracking of baggage throughout the journey between Orlando International Airport and the downtown Miami station. "SP+ collaborated with Brightline to streamline their customer experience," said Billy Arden, SVP, Bags. "Considering SP+'s creative and innovative technology solutions in baggage handling and labor, along with our proven expertise for efficiently printing bag tags; we worked collaboratively with Brightline to simplify and enhance the customer experience."
GCTK

Hot Stocks

08:34 EDT GlucoTrack announces expansion of continuous glucose monitoring technology - Glucotrack announced that it is expanding its glucose monitoring technology to include measuring glucose in the epidural space. A continuous glucose monitoring system that takes readings in the spinal epidural space may be integrated with existing treatments for patients with Painful Diabetic Neuropathy. "We have always been committed to developing a portfolio of innovative glucose monitoring technologies to offer patients with diabetes more choice; today's announcement underscores this commitment." said Paul V. Goode, PhD, CEO of Glucotrack. "We are excited to pioneer the epidural glucose monitoring space which we believe holds meaningful strategic potential. By making disease management more intuitive and less intrusive, Glucotrack is looking beyond traditional approaches to improve the quality of life for millions of people with diabetes."
PALI

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08:33 EDT Palisade Bio demonstrates bioactivation of PALI-2108 - Palisade Bio announced today the successful completion of its analysis evaluating ex-vivo bioactivation of PALI-2108, an orally administered, locally acting colon-specific phosphodiesterase-4 inhibitor prodrug in development for patients affected by UC. These findings demonstrated that PALI-2108 exhibited efficient ex-vivo conversion into its active PDE4 inhibitor form in stool samples from both normal healthy volunteers and patients with UC. The enzymatic activity in stool samples was assessed using LC-MS analysis with all stool samples meeting the target conversion rate within a 24-hour period. The assessment showed PALI-2108 was converted into its active PDE4 inhibitor form at a mean rate of 90.1% with conversion steadily increasing over time. The study was conducted in collaboration with Altasciences based in Montreal, QC.
CVLT

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08:33 EDT Commvault acquires Appranix - Commvault acquired Appranix, a cloud cyber resilience company. Appranix automates and can reduce the time it takes to rebuild critical cloud applications, the data those applications rely on, and the cloud infrastructure that runs it all from days or weeks to, in some cases, hours or minutes. The Appranix team will join Commvault imminently and the integration of Appranix's technology into Commvault's portfolio is expected to be completed by this summer.
RGTI

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08:32 EDT Rigetti Computing, Oxford Instruments complete U.K. project - Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, and Oxford Instruments NanoScience, a leading provider of cryogenic systems, announce that their three-year project to build and operate one of the first quantum computers in the UK has been successfully completed. The consortium also included the Quantum Software Lab at the University of Edinburgh, Phasecraft, and Standard Chartered Bank. The goals of the Rigetti-led GBP 10 million consortium were to accelerate the commercialization of quantum computing in the UK through the delivery of a quantum computer in the UK, by advancing practical applications in machine learning, materials simulation, and finance, and furthering the development of the UK's quantum computing talent, infrastructure, and national supply chain. The consortium was backed by funding from the UK government's Quantum Technologies Challenge, led by UK Research & Innovation. Dr. Subodh Kulkarni, Rigetti CEO, said, "Completing this project, with the end result being a useful 32-qubit quantum computer, is an exceptional achievement for all of the project partners. It takes a world-class team to build and deploy a quantum computer. The UK has become a world leader in quantum computing technologies, and we are excited to continue to contribute to its quantum computing capabilities. Additionally, Rigetti plans to leverage this experience to continue to develop our UK quantum computing leadership as we embark on deploying a 24-qubit Ankaa-class quantum computer at the NQCC's Harwell campus."
PLUS

Hot Stocks

08:31 EDT ePlus achieves AWS Migration Competency status - ePlus announced that it has attained Amazon Web Services Migration Competency status. This designation recognizes that ePlus has demonstrated expertise in helping customers accelerate their cloud migration and modernization journey to AWS with an outcome-driven methodology. Achieving AWS Migration Competency status differentiates ePlus as an AWS Partner Network member that provides specialized consulting services designed to help enterprises adopt, develop, and deploy complex projects on AWS. To receive the designation, APN Partners must possess deep AWS expertise and deliver solutions seamlessly on AWS. The AWS Migration Competency enables ePlus to offer customers the ability to participate in the AWS Migration Acceleration Program. MAP is a comprehensive and proven cloud migration program based upon AWS's experience migrating thousands of enterprise customers to the cloud. MAP provides tools that reduce costs and automate and accelerate execution, tailored training approaches and content, expertise from APN Partners such as ePlus, and AWS investment. MAP also uses a proven three-phased framework to help organizations achieve their migration goals.
PRSO PCRFY

Hot Stocks

08:19 EDT Peraso says Panasonic uses X710 chipset for 60GHz WLAN solution - Peraso announced that Panasonic System Networks R&D Lab has adopted Peraso's X710 chipset for its new 60GHz WLAN solution. Incorporating Peraso's phased array antenna technology, PSNRD's newly introduced 60GHz WLAN solution achieves wireless high-speed, low-latency communication equivalent to wired LAN over distances of hundreds of meters. The new solution is easy to install and operate thanks to its unlicensed, interference-free use of the 60 GHz band and narrow beam directional antenna control.
DCO

Hot Stocks

08:18 EDT Ducommun trading halted, news pending
INAQ

Hot Stocks

08:17 EDT Alpha Modus entered IP license agreement with Xalles Holdings - Alpha Modus announced it has entered into an intellectual property license agreement with Xalles Holdings and its wholly owned subsidiary CashXAI. CashX, through its proprietary self-service kiosks and mobile application, allows the unbanked and underbanked communities access to financial services, including digital currency. The license agreement licenses to Xalles and its subsidiary, CashX, the exclusive right to use all of Alpha Modus' patented intellectual property in connection with CashX's promotional, advertising, and operational functions, including co-development arrangements with Alpha Modus, within the Exclusive Industry. The "Exclusive Industry" means the industry relating to self-service kiosks located in retail food, drug and convenience stores for the purpose of serving Unbanked and Underbanked consumers, by offering banking, phone and insurance solutions to the consumer. Effective as of October 13, 2023, Alpha Modus entered into a business combination agreement with Insight Acquisition Corp, pursuant to which Alpha Modus would be acquired by Insight
NBIO

Hot Stocks

08:17 EDT Nascent Biotech embarks on fresh manufacturing run for pritumumab - Nascent Biotech is embarking on a fresh manufacturing run to ensure Pritumumab supplies are at maximum potency when patient dosing begins in the upcoming Phase II clinical trial. This announcement comes as the Company prepares for a Phase II trial that follows a very successful Phase I trial-where safety at five ascending dose cohorts was observed-involving 15 patients who received PTB for various types of brain tumors. The most common and most challenging to treat tumor type in the trial was Glioblastoma. 12 of 15 patients had this diagnosis. There were no dose-related toxicities. Overall, the study found that single agent Pritumumab is safe up to a dose of 16.2 mg/kg every 7 days in brain tumor patients. One partial response showed a 98.0% and 40.8% reduction in 2 tumor lesions for 21 months on study. Management anticipates that some research sites will open for the start of Phase II testing late this summer with actual patients involved later in 2024.
OPTT

Hot Stocks

08:16 EDT Ocean Power announces teaming agreement with defense contractor - Ocean Power Technologies announced it has signed a teaming agreement with a major international defense contractor to provide its Merrows suite of solutions with a focus on certain geographic regions. This alliance is set to advance maritime domain awareness through OPT's innovative Maritime Domain Awareness Solution, MDAS. Under the terms of the agreement, the defense contractor will have exclusive rights to provide OPT's MDAS solution within certain international geographic regions. Leveraging OPT's cutting-edge technology alongside the international contractor's extensive expertise in defense, homeland security, and commercial programs, the collaboration aims to strengthen the contractor's capabilities in maritime security and surveillance. Philipp Stratmann, CEO and President of Ocean Power Technologies, expressed enthusiasm about the alliance, stating, "We are thrilled to join forces with a major international defense contractor to provide our Merrows suite of solutions to certain international regions. This collaboration underscores our commitment to enhancing maritime security globally, and we are confident that together, we are positioned to achieve remarkable advancements in this field."
INSE

Hot Stocks

08:15 EDT Inspired Entertainment expands VLT footprint in Saskatchewan - Inspired Entertainment announced that it has been awarded an additional 720 Valor video lottery terminal placements by Western Canada Lottery Corporation, on behalf of Lotteries and Gaming Saskatchewan, following a formal Request for Quotation process. Inspired expects to deliver the additional Valor terminals by the end of 2024, with new games to be released in the beginning of 2025. "We are thrilled to announce the deployment of an additional 720 VLT cabinets in Canada through our partnership with WCLC. This expansion underscores Inspired's commitment to enhancing the success of the Saskatchewan VLT program, and we are honored to support WCLC and the Canadian market with our player-popular cabinets and content," said Brooks Pierce, President and Chief Executive Officer of Inspired.
GENE

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08:14 EDT Genetic clinicians' adoption growing, sales up 5-fold year-over-year - Genetic Technologies shares the company's latest milestones along with our clinical adoption of the Company's groundbreaking geneType Risk Assessment Tests routinely across 12 states in the United States and nationally in Australia. The geneType team has achieved clinical proof of concept in key markets including general practice, oncology, and gynecology with repeat sales in each of these markets. Clinical adoption of geneType is now in more than 12 US States, Canada and nationally in Australia. Commercial tests received for the 6 months ending March 31, 2024 increased 543%, when compared with the same period last year, demonstrating the company is well on a pathway to profitability.
PHRRF

Hot Stocks

08:14 EDT PharmaTher provides update on priority original ANDA for ketamine - PharmaTher Holdings provides an update of its Priority Original Abbreviated New Drug Application for Ketamine that was accepted by the U.S. Food and Drug Administration and assigned a Generic Drug User Fee Amendments of 2022 goal date of April 29, 2024. As announced by the Company on February 12, 2024, the ANDA is under priority review by the FDA and has been provided with preliminary thoughts on possible deficiencies identified by the Quality reviewers. The Company has completed the necessary tests and responses to address the FDA's comments. The Company aims to submit its responses to the FDA by the end of this week. There can be no assurance the GDUFA goal date will be met. Should the goal date not be met, the FDA would provide a Complete Response Letter to the Company to address the responses, provide additional feedback, if any, and assign an appropriate goal date. The Company is prepared to address potential FDA requests and concerns immediately and will update shareholders as they occur. The Company's overall goal is to solve the ketamine shortage problem in the U.S. and its ketamine to adhere to the FDA's strict manufacturing guidelines and FDA-approved prescribing label. Following the anticipated FDA approval and launch in the U.S., the Company aims to pursue international approvals to support the global demand for ketamine. The Company's long-term strategy is pursuing novel uses and delivery methods of ketamine as a potential treatment for pain, mental health, and neurological disorders.
TEVA

Hot Stocks

08:13 EDT Teva announces final results from the HD cohort study for Austedo at AAN - Teva Pharmaceuticals announced final results from the HD cohort of the Phase 4 START study, demonstrating positive real-world effectiveness, safety, adherence and satisfaction with the 4-week Titration Kit for AUSTEDO. As a fatal, neurodegenerative disease, HD can cause cognitive deterioration, behavioral and/or psychological problems and uncontrollable body movements known as chorea - a symptom that can have a significant impact on daily activities like eating or talking.3-5 These data are being presented at the 2024 American Academy of Neurology AAN Annual Meeting. "90% of HD patients experience chorea,3,4 so it's important for patients to have a treatment option that not only helps address symptoms, but helps provide a positive patient experience," said Eric Hughes, MD, PhD, Executive Vice President of Global R&D and Chief Medical Officer at Teva. "We remain committed to exploring ways to evolve the AUSTEDO treatment experience to meet the needs of the HD community, and these latest real-world data reinforce the role of the 4-week Titration Kit for AUSTEDO in empowering patients with HD chorea to find their optimal dose, adhere consistently to their treatment plan, and achieve effective outcomes."
RXRX

Hot Stocks

08:13 EDT Recursion Pharmaceuticals appoints Khan as Chief R&D Officer, CCO - Recursion announced Najat Khan, PhD, will be its Chief R&D Officer and Chief Commercial Officer, CCO. Dr. Khan will lead Recursion's research and development and build its emerging commercial capabilities. She has also been appointed to Recursion's Board of Directors. Dr. Khan serves as a board member for Alliance for Artificial Intelligence in Healthcare and is a Steering Committee member of the White House's Moonshot CancerX program to enhance outcomes for cancer patients.
DXR

Hot Stocks

08:12 EDT Daxor announces two new studies on BVA - Daxor Corporation announces two new studies validating the clinical benefits of blood volume analysis, BVA, as a more precise measurement of congestion in ambulatory heart failure patients. Data from both studies demonstrated a lack of correlation between surrogate measures and actual blood volume, highlighting the necessity for accurate volume measurement, as provided by BVA. The study titled, 'Impact of Systemic and Pulmonary Afterload on the Pressure-Volume Relationship in Heart Failure Using Direct Blood Volume Measurement,' was presented at the American College of Cardiology Scientific Sessions 2024. A research letter published in the American Heart Journal, titled, 'Prognostic Implications of Volume Status Assessed by Blood Volume Analysis in Ambulatory Heart Failure,' was authored by leading heart failure experts from Duke University Medical Center, Baptist Memorial Hospital and Banner University Medical Center.
PVCT

Hot Stocks

08:10 EDT Provectus appoints Pershing as CEO, Rodrigues as President - Provectus Biopharmaceuticals announced additions to its executive leadership team, reflecting Provectus's dedication to enhancing shareholder value. The Company's Board of Directors has appointed Ed Pershing as Chief Executive Officer and Dominic Rodrigues as President. Pershing has served as Board chairman since 2018 and was a Board observer and chairman of the Company's Strategic Advisory Board from 2017 to 2018. Rodrigues worked in management consulting and corporate development in science and technology-driven industries prior to Provectus.
BNZI

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08:09 EDT Banzai welcomes over 580 new customers in Q1 - Banzai International announced exceptional customer growth in Q1 2024. Banzai added over 580 customers in Q1 2024. Of this, 400 were net new customers and 180 were reactivating customers since January 1, 2024, highlighting the effectiveness of Demio, Banzai's webinar platform, and Reach, the company's event marketing solution. Banzai's new customer acquisition represents a quarterly increase of 46% compared to the 397 net new and reactivating customers Banzai added in Q4 2023. The majority of this increase was driven by growth in the Demio business unit, with additional momentum from sales and marketing execution in the Reach business unit. "Our team's first-quarter achievements underscore Banzai's commitment to delivering exceptional value to our customers, as well as expanding the makeup of our customer base across industries and further up-market," said Joe Davy, Chairman and CEO of Banzai. "We're thrilled by the momentum we've achieved so far this year, which positions us for sustained growth throughout 2024."
PACB

Hot Stocks

08:08 EDT PacBio plans to reduce annualized operating expense run rate by $50M-$75M - CEO Christian Henry said, "Following the successful launch of the Revio system and a record 2023, we entered the year with optimism regarding our growth prospects. As we reached the last couple of weeks of the first quarter, however, we saw an increasing number of customers delay instrument purchases and we experienced some unexpected softness in consumable shipments. As a result, the first quarter came in below our original expectations. We expect these factors to have an impact on our 2024 performance, and we expect to provide further details on our full year outlook on our earnings call scheduled for May 9, 2024. Looking ahead, we are focused on four strategic priorities. First, improving commercial execution to drive adoption of both the Revio and Onso platforms; second, continuing the development of our benchtop long read and high throughput short-read platforms; third, implementing projects to improve our gross margin and drive manufacturing efficiencies; and finally, reducing annualized run-rate operating expenses on a non-GAAP basis by $50 million to $75 million by the end of 2024 in relation to our prior guidance of 5% operating expense growth. Despite these near-term headwinds, we remain highly encouraged by PacBio's long-term growth potential. We are continuing to see new customers adopt Revio as evidenced by the fact that nearly 60% of our Revio placements in the quarter were to new customers. We are also starting to see significant traction with large-scale projects, such as the Estonia National Biobank project announced last month, the first Revio in Latin America to be used for a 1,000-sample whole genome project, and pediatric genome initiatives at hospitals in Canada and Korea. Additionally, we expect consumables to return to sequential growth going forward this year as we continue to grow the Revio installed base and see encouraging trends that point toward increased sequencing on the Revio system. It should be noted that March Revio utilization was at an all-time high - including some of our top customers exceeding our expectations. We have expanded the capabilities of the Revio platform through the roll-out of v13 software upgrade which has enabled our customers with more functionality and better performance. We've also recently launched new reagent kits that improve our customer workflows and launched our new Kinnex kits to continue to drive new customer adoption. I am confident in our ability to create value for all our stockholders and stakeholders. PacBio has some of the world's most advanced sequencing technology and our customers continue to uncover insights into the genome unimaginable with other technologies."
MNPR

Hot Stocks

08:08 EDT Monopar Therapeutics announces filing of patent protecting MNPR-101 - Monopar Therapeutics announced that it has filed a provisional patent application pertaining to the recent advancements and optimizations Monopar has achieved with its MNPR-101 radiopharmaceutical program. The provisional patent titled "Antibody Radioisotope Constructs" that was filed with the United States Patent and Trademark Office outlines the MNPR-101-Zr construct, including variations on the radioisotopes, linkers, and antibody which could enhance the clinical profile of the construct, including properties such as its stability and biodistribution. It also covers the formulations and uses of MNPR-101-Zr, a zirconium-89 imaging radioisotope labeled version of MNPR-101, Monopar's proprietary first-in-class humanized monoclonal antibody that is highly-selective against the urokinase plasminogen activator receptor. "Filing of this provisional patent application is aimed at further protecting our novel MNPR-101 radiopharmaceutical program," said Chandler Robinson, MD, Monopar's Chief Executive Officer. "This patent filing along with our earlier patent filings helps to create a broad portfolio of intellectual property around this program and potential future programs."
ASST

Hot Stocks

08:08 EDT Asset Entities announces filing of S-3 Shelf Registration Statement - Asset Entities and Ternary Payment Platform company announces that it has filed a Form S-3 shelf registration statement with the U.S. Securities and Exchange Commission. Once the registration statement becomes effective, Asset Entities may offer to the public from time to time, in one or more offerings, shares of class B common stock, preferred stock, debt securities, warrants, subscription rights, and units up to a total aggregate offering amount of $100,000,000. The securities will be offered at prices and on terms to be determined at the time of any such offering. The specifics of any potential future offerings, along with the use of proceeds of any such securities offered by Asset Entities, would be described in detail in a prospectus supplement at the time of any such offering. However, Asset Entities is not selling any securities from the shelf registration statement at this time. Asset Entities believes that a shelf registration on Form S-3 will provide greater flexibility to raise capital in the future.
IMXI

Hot Stocks

08:07 EDT Intermex announces strategic partnership with Felix Pago - Intermex has announced its strategic partnership with Felix Pago. The Felix Pago partnership with Intermex, creates a user-friendly chat-based platform, aimed at facilitating money transfers for Latin American families in the US to their loved ones back home. This alignment between Felix Pago and Intermex marks a new era in money transfers, focusing on ease, speed and accessibility. Marcelo Theodoro, Chief Product, Marketing & Digital Officer at Intermex, stated, "We're all about making things easier for our customers. Teaming up with Felix Pago is exciting for us. We are bringing together the best of both worlds - our proven remittance platform and their easy-to-use system." He added, "We're looking forward to bringing more options to people and making a big difference in how families support each other across Latin America. This partnership is a big step in making sure everyone can send money easily, no matter where they are."
IMCC

Hot Stocks

08:07 EDT IM Cannabis to transfer its Oranim Pharmacy shares back to seller - IM Cannabis has decided not to make remaining installment payments installments - NIS 5,873K including interest or 2,154K CAD- by IMC Holdings, and as such will transfer the 51% shares held by IMC Holdings Ltd back to the seller.
GIL

Hot Stocks

08:07 EDT Browning West cautions Gildan shareholders on 'risky path forward' - Browning West , which is a long-term shareholder of Gildan Activewear and beneficially owns approximately 5.0% of the Company's outstanding shares, today issued the following statement regarding the Company's April 15th investor update. As a reminder, Browning West is seeking to elect eight highly qualified and independent director candidates to Gildan's Board of Directors at the Annual Meeting of Shareholders on May 28. Browning West's director candidates possess strong track records of value creation, expertise in successful succession planning, relevant industry and governance experience, as well as proven management and board service pedigrees in Canada and the U.S. "Browning West believes that Vince Tyra's 'new plan' raises troubling questions about the current Board's stewardship of the Company and confirms our fears that Mr. Tyra may lead Gildan down a similar destructive path as the ones he did at the helm of Fruit of the Loom Inc. and Broder Brothers Co
ABOS

Hot Stocks

08:06 EDT Acumen presents first clinical, biomarker data for ACU193 - Acumen Pharmaceuticals will present the comprehensive clinical and biomarker results from its positive Phase 1 INTERCEPT-AD study of sabirnetug in early AD during an Emerging Science Session at the American Academy of Neurology 2024 Annual Meeting in Denver on April 16, 2024. The results build upon Acumen's prior presentations at the AD/PD 2024 Annual Meeting and positive topline data first announced in July 2023 and will be presented together for the first time with expanded analysis. "For the first time, we're presenting a comprehensive set of safety, biomarker and target engagement data from INTERCEPT-AD, which continue to support sabirnetug's mechanism and potential to offer differentiated safety and efficacy as a next-generation treatment for people with early Alzheimer's disease," said Eric Siemers, M.D., Chief Medical Officer of Acumen and presenting author. "The results of this robust Phase 1 trial give us hope that sabirnetug could have a safety and efficacy profile that could make it an attractive option for a large number of patients. We look forward to applying insights learned from INTERCEPT-AD as we embark upon our ALTITUDE-AD Phase 2 trial for sabirnetug."
NCNA

Hot Stocks

08:06 EDT NuCana announces completion of ADS ratio change - NuCana announced that the Company's previously disclosed plans to change the ratio of its American Depositary Shares to its ordinary shares from one ADS, representing one ordinary share, to one ADS representing twenty-five ordinary shares has been made effective. The ADS Ratio Change became effective on April 16, 2024. For the Company's ADS holders, the change in the ADS Ratio has the same effect as a one-for-twenty-five reverse ADS split and will have no impact on an ADS holder's proportional equity interest in the Company. The change in the ADS Ratio is intended to further support the liquidity in the Company's ADSs and to enable the Company to regain compliance with the Nasdaq minimum bid price requirement. The exchange of one new ADS for twenty-five then-held ADSs occurred automatically on the Effective Date, with the then-held ADSs being cancelled and new ADSs being issued by Citibank, N.A., the depositary bank. Registered holders of the Company's ADSs held in certificated form were required on a mandatory basis to surrender their certificated ADSs to the Depositary for cancellation and received one new ADS in exchange for every twenty-five existing ADSs then-held. Holders of uncertificated ADSs in the Direct Registration System and the Depository Trust Company had their ADSs cancelled and automatically exchanged, receiving one new ADS for every twenty-five existing ADS then-held. The Company's ADSs continue to be traded on the Nasdaq Capital Market under the ticker symbol "NCNA". The ADS Ratio Change affects all shareholders uniformly and will not alter any shareholder's percentage interest in the Company's equity, except to the extent that the ratio change would have resulted in a shareholder owning fractional ADSs. No fractional new ADSs were issued in connection with the change in the ADS Ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary, and the net cash proceeds from the sale of the fractional ADS entitlements will be distributed to the applicable ADS holders by the Depositary. As a result of the ADS Ratio Change, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be proportionally equal to or greater than the previous ADS trading price prior to the change or that the Ratio Change will have any effect on the liquidity in the Company's ADSs.
CERT

Hot Stocks

08:05 EDT Certara announces the launch of Certara Cloud - Certara announced the launch of Certara Cloud, the unifying platform that integrates its many scientific software solutions. "This reusable suite of shared platform services enables us to both integrate with and launch new interoperable software solutions that span our customers' workflows from discovery to submission," said Max Kanevsky, Chief Technology Officer of Certara Data Sciences Software. "Clients want easy-to-use, integrated solutions that speed time to insight for novel drug development problems," said William Feehery, CEO of Certara. "Certara Cloud enhances the customer experience for clients that use multiple Certara products."
CMPX

Hot Stocks

08:04 EDT Compass Therapeutics announces first patient dosed in Phase 1 study of CTX-8371 - Compass Therapeutics announced that the first patient has been dosed in its Phase 1 dose-escalation clinical trial of CTX-8371, a PD-1 x PD-L1 bispecific antibody, in patients with solid tumors. "Dosing the first patient in the CTX-8371 Phase 1 represents the advancement of our third program into the clinic, which is an important milestone for the company," said Vered Bisker-Leib, PhD, Chief Executive Officer. "We recently published preclinical data in the peer-reviewed journal, OncoImmunology, supporting the novel mechanism of action of CTX-8371: proteolytic cleavage and subsequent loss of cell surface PD-1. We believe this mechanism drives the enhanced anti-tumor activity of CTX-8371 in preclinical models when compared to approved anti-PD-1 and PD-L1 therapies and warrants its evaluation in patients."
PRPH

Hot Stocks

08:04 EDT ProPhase Labs unveils Project ZenQ-AI - ProPhase Labs announced an innovative step forward in cancer treatment research with the introduction of Project ZenQ-AI. This project employs the Company's state-of-the-art AI platform which was meticulously developed with leading AI technology platforms and systems. The Company is harnessing its extensive genomic database-built over the last six years from whole genome sequencing tests spanning more than 130 countries, and equivalent to roughly 150 million ancestry SNP-based tests. Whole Genome Sequencing offers an exhaustive exploration of an individual's entire DNA, capturing all three billion base pairs for a complete and detailed genetic blueprint. This comprehensive approach contrasts sharply with SNP tests, which target specific genetic variations at known locations, typically analyzing between 100,000 to 1 million specific points. With WGS providing up to 30,000 times more genetic data than SNP testing, our service delivers unparalleled precision in personalized medicine and genetic research, far beyond the scope of standard SNP testing. Along with the data gathered from the Company's BE-Smart Test for esophageal adenocarcinoma, the platform is being utilized to create algorithms that identify possible antibody drug conjugate candidates for new cancer therapeutics. Antibody drug conjugates are specialized treatments that differ from traditional chemotherapy by specifically targeting cancer cells. ADCs use a linker to attach chemotherapy agents to a monoclonal antibody, which then binds to a unique marker found on the surface of cancer cells. This targeted approach helps to minimize damage to healthy cells and other side effects. ADCs represent a potent class of cancer therapies, blending the specificity of monoclonal antibodies with cytotoxic drugs. Leveraging ZenQ-AI with both genomic and proteomic data is believed to enable the rapid identification of biomarkers and mutations driving cancer, streamlining the design of ADCs for precise targeting. This integration promises more effective and personalized treatments, though rigorous experimental validation remains crucial for ensuring safety and efficacy of new therapeutic candidates. "The power of Project ZenQ-AI not only stems from cutting-edge AI technology, but also the vast and growing genomic database that we've curated and continue to grow," explained Ted Karkus, CEO at ProPhase Labs. "This unique combination of sophisticated AI and rich, diverse genomic and proteomic data sources enhances our approach to cancer treatment as both innovative and effective."
GEF

Hot Stocks

08:03 EDT Greif prepares for opening of new facility in Dallas, Texas - Greif is finalizing construction on their new bulk corrugated manufacturing facility in Dallas, Texas. Scheduled to open later this spring, the new facility will significantly expand Greif's capacity in the bulk corrugated business and create opportunities in the South and Southwest regions of the United States, as well as Mexico. "We are delighted to establish this new facility in Dallas, Texas," said Chris Zimmerman, Vice President - Containerboard & Corrugated Sales. "We have formed an excellent team who have worked extremely hard to get this state-of-the-art facility up and running. Equipped with highly automated machinery, this facility will enable us to respond swiftly to customer demands while maintaining superior lead times and product quality."
SABR

Hot Stocks

08:03 EDT Sabre renews partnership with Air Serbia - Sabre and Air Serbia, Serbia's national airline, have signed a multi-year early renewal which includes the adoption of Sabre's Pricing and Revenue Optimization suite of solutions into Air Serbia's strategy. Air Serbia will continue to utilize SabreSonic, Sabre's comprehensive passenger service system.
IXHL

Hot Stocks

08:03 EDT Incannex provides quarterly update - Clinical stage pharmaceutical development company, Incannex Healthcare provides quarterly activities update and for the quarter ended 31 March 2024. Incannex is undertaking various U.S. Food and Drug Administration research and development programs for cannabinoid pharmaceutical products and psychedelic medicine therapies. The nearest-to-market projects in the Company's therapeutic pipeline are: IHL-42X drug candidate for Obstructive Sleep Apnea - Phase 2/3 studies underway. IHL-675A drug candidate for Rheumatoid Arthritis - Phase 2b studies also underway. Psi-GAD psilocybin treatment protocol for generalised anxiety disorder: Phase 2b studies commencing following successful Phase 2 proof of concept studies in 73 patients. Clarion Clinics - opens first clinic for the provision of psychedelic-assisted psychotherapies in regulatory permissible locations.
KNTK

Hot Stocks

08:02 EDT Kinetik Holdings, Infinium reach CO2 utilization agreement - Infinium, has reached an agreement with a subsidiary of midstream energy company Kinetik Holdings to purchase carbon dioxide captured from Kinetik's gas gathering and processing system in the Permian Basin for use as a feedstock in the production of ultra-low carbon electrofuels. Infinium eFuels are created through a proprietary process using waste CO2 and green hydrogen derived from renewable power. The agreement is unique in its long-term nature and broad decarbonization benefits, providing measurable impacts for transportation alternatives. It provides a model for the industry to rethink how to contract waste streams such as CO2 for use in solutions that provide beneficial reuse of emissions. Under the terms of the agreement, a subsidiary of Kinetik will dedicate CO2 from one of its amine gas processing facilities in West Texas to Infinium for use at its previously announced second eFuels project called Project Roadrunner. Project Roadrunner will deliver products into both U.S. and international markets. It will primarily produce Infinium eSAF, a sustainable aviation fuel with the potential to significantly reduce the lifecycle greenhouse gas emissions associated with air transportation.
ENLV

Hot Stocks

07:53 EDT Enlivex announces DKMA authorization for Phase I/II trial of allocetra - Enlivex Therapeutics announced that the Danish Medicines Agency authorized the expansion into Denmark of the Company's multi-country, randomized, controlled Phase I/II trial evaluating Allocetra in up to 160 patients with moderate to severe knee osteoarthritis. As previously announced, the Company received its first regulatory approval for this trial from the Israeli Ministry of Health in January. The Phase I/II multi-center trial is composed of two stages. The first stage is a safety run-in, open-label dose escalation phase to characterize the safety and tolerability of Allocetra injections to the target knee in order to identify the dose and injection regimen for the second, randomized stage. The second stage is a double-blind, randomized, placebo-controlled stage, which the Company expects to initiate following the completion of the safety run-in stage and confirmation by the independent Data and Safety Monitoring Board. In addition to evaluating safety, the blinded randomized stage is statistically-powered to assess the efficacy of Allocetra injections into the knee. The Company expects that the primary measurements will evaluate joint-pain and joint-function in comparison to placebo at three months, six months and 12 months after treatment.
CLMT

Hot Stocks

07:52 EDT Calumet Specialty Products provides Q1 operational update - Calumet Specialty Products provided an operational update for Q1 2024. Montana Renewables resumed production at its Great Falls, MT, site in December 2023. The site operated well throughout 1Q24 as volumes sequentially improved each month. Q1 results for the MRL business are expected to reflect the significant burden of higher priced feedstock purchased prior to the summer 2023 slowdown related to a steam system issue. Entering Q2, the old, expensive feedstock has been processed. Further, Q1 results will reflect a planned turnaround at the Shreveport site in March, which was completed on time and on budget. The company begins Q2 at Shreveport with solid operating momentum. In Q1, the company was negatively impacted by seasonal weakness in fuels and asphalt products, particularly in PADD IV.
STNE

Hot Stocks

07:51 EDT StoneCo adopts new internal accounting policy - The Company announces that, beginning in the first quarter of 2024, it will adopt a new internal accounting policy for the recognition of membership fee revenues. Membership fee revenue is generated from a non-refundable set up fee paid upfront by a merchant client upon the signing of its service agreement contract for some of our offerings. Previously, the Company recognized the entire membership fee at the time it was paid. Under the new policy, the recognition of these revenues will be deferred through the expected lifetime of the merchant client. For fiscal year 2023, membership fee revenue accounted for R$316 million in net revenue from transaction revenues. This change is expected to: Have no impact on our 2024 Guidance given the strong continued performance of the business. Have no impact on the Company's cash position or its ongoing cash flow generation. Reduce transaction revenues by approximately R$60-70 million in 1Q24 and R$160-200 million in FY2024 and increase deferred revenue liabilities by the same amounts in 1Q24 and FY2024.
BRTX

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07:50 EDT BioRestorative announces FDA clearance of Phase 2 BRTX-100 study protocol - BioRestorative Therapies announced that the U.S. Food and Drug Administration has cleared an important amendment to the protocol of the ongoing Phase 2 study investigating the use of BRTX-100, the Company's lead cell therapy candidate, in treating chronic lumbar disc disease. The protocol amendment removes saline injection in the control arm of the study and replaces it with a sham injection. BRTX-100, a novel cell-based therapeutic engineered to target areas of the body that have little blood flow, is the Company's lead clinical candidate. The safety and efficacy of BRTX-100 in treating cLDD is being evaluated in a Phase 2, prospective, randomized, double-blinded and controlled study. A total of up to 99 eligible subjects will be enrolled at up to 16 clinical sites in the United States. Subjects included in the trial will be randomized 2:1 to receive either BRTX-100 or placebo.
SBGSY

Hot Stocks

07:43 EDT RF Code, Schneider Electric team on data center management - RF Code announced a worldwide strategic partnership with Schneider Electric..Through the partnership, RF Code's intelligent software-enabled wire-free hardware is integrated with Schneider Electric's data center infrastructure management solution, EcoStruxure IT. The outcome of this integration eliminates costly error-prone and manual processes and ensures 99 percent accurate asset tracking and chain of custody data in real-time. "Building upon EcoStruxure IT's existing partner ecosystem, this integration provides real-time visibility into asset data for both IT and facilities managers, enabling a key next step in automated service deliveries and data center service optimization," said Kevin Brown, Senior Vice President, EcoStruxure Solutions, Secure Power Division, Schneider Electric. "We're excited about the integration of our EcoStruxure IT DCIM solution with RF Code and continue on the path towards holistic management of IT and facilities."
ARWYF

Hot Stocks

07:37 EDT ARway signs AR deal with George Mason University - ARway.ai announced that George Mason University is signed up for the ARway platform and will be deploying ten spatial maps across the university campus. The rollout is part of a 2024 project aimed at enhancing the campus navigation and campus experience for students. GMU has an undergraduate enrollment of approximately 27,014 and the campus size is 817 acres. ARway.ai is seeing demand from across the globe for University Campus deployments, and is currently deployed in the Middle East at the Suleyman Demirel University in Turkey, In the EU at the Institut fur Innovations- und Informationsmanagement, University of Applied Sciences Brandenburg. ARway has also signed multiple new subscriptions with prestigious universities around the globe including Bicol University in Indonesia, DHA Suffa University in Pakistan, University of Alberta in Canada, University College Cork in the UK and German University of Technology in Oman.
PRZO

Hot Stocks

07:35 EDT ParaZero to enter counter unmanned aircraft system market - ParaZero Technologies announced its intention to enter the counter unmanned aircraft system market, by developing dedicated solutions based on its advanced technology, as announced on February 27, 2024. Small, lethal drones are being utilized around the world with tremendous effectiveness and are reshaping the balance between humans and technology in war, raising demand for C-UAS countermeasures. Counter-drone technology encompasses a wide range of solutions that allow users to detect, classify, and mitigate drones and unmanned aerial vehicles. This includes everything from camera systems and specialist drone detection radars to net guns and cyber takeover systems. Following an extensive due diligence process, the Company analyzed the expanding market of C-UAS technologies and believes that specific elements within its unique proprietary technology portfolio, as well as the Company's ability to rapidly design, develop, and manufacture advanced UAS technologies, strongly positions the Company to offer a competitive edge in defending against threats and attacks from small UAS platforms. The decision to explore these avenues also correlates to global inquiries the Company has received from various entities to explore entering this market. Presently, the Company believes that there is increased market demand for C-UAS technology for a myriad of site applications yet limited mitigation options.
CYBN

Hot Stocks

07:35 EDT Cybin announces additional U.S. patent granted for CYB003 to treat MDD - Cybin announced that the United States Patent and Trademark Office has granted U.S. patent 11,958,807 in support of its CYB003 program in Major Depressive Disorder or MDD. The patent, which is expected to provide exclusivity until at least 2041, includes claims to pharmaceutical compositions within the Company's proprietary deuterated psilocybin analog program, CYB003. "As we continue to advance CYB003, our deuterated psilocybin analog program for the adjunctive treatment of MDD, further protecting our intellectual property through patent protection is an important achievement," said Doug Drysdale, Chief Executive Officer of Cybin. "The strength of our patents supporting CYB003 underscore our commitment to developing innovative, next-generation, commercially scalable therapeutics to address the significant unmet medical need in MDD. With our robust patent portfolio, and the recent Breakthrough Therapy Designation by the U.S. Food and Drug Administration, we are encouraged by our regulatory pathway for CYB003 and are positioned to move quickly to progress the program," concluded Drysdale.
LILM

Hot Stocks

07:34 EDT Lilium starts production of high-performance battery packs for Lilium Jet - Lilium announced that it has started production of the advanced, aviation grade battery packs that will power the Lilium Jet on its first piloted flight, targeted for end of 2024. This latest milestone represents a landmark in the development of the Lilium Jet and follows extensive testing of battery pack subcomponents from individual cell to stack level with a focus on performance, safety and regulatory conformity. Yves Yemsi, COO of Lilium said: "The start of production of the battery packs is a proud moment for Lilium. Battery technology is central to the goal of delivering sustainable regional air mobility, including overcoming the challenges of developing and industrializing a battery pack that will meet the stringent safety standards of aircraft certification. With the start of production of the Lilium Jet's unique high-performance aircraft battery packs, Lilium has laid a further cornerstone towards realizing the vision of electric aviation."
ENVX

Hot Stocks

07:34 EDT Enovix announces Fab2 manufacturing milestones - Enovix Corporation announced it has completed Factory Acceptance Testing for its Gen2 Agility Line and is on track to produce first silicon battery samples from Fab2 in the second quarter of 2024. "I'm proud to announce the team has completed our rigorous FAT process for all machines that make up our Agility Line," said Ajay Marathe, Chief Operating Officer at Enovix. "SAT is also well underway. Both FAT and SAT processes ensure that we only place machines into service that meet our specifications for throughput, yield and machine uptime. I'm extremely pleased with the results so far. We're on track to produce our first EX-1M samples for mobile and IoT customers in Q2."
ELOX

Hot Stocks

07:33 EDT Eloxx Pharmaceuticals provides ELX-02, ZKN-013 program updates - Eloxx Pharmaceuticals provided program updates for ELX-02 and ZKN-013, including Orphan Drug Designation for ELX-02. ELX-02: Regulatory and Clinical Updates for Alport Syndrome Nonsense Mutation Program: ELX-02 Granted ODD from U.S. FDA: In April, the FDA Office of Orphan Products Development granted ODD for ELX-02 for the treatment of Alport Syndrome. Requested a Pre-Investigational New Drug meeting with U.S. FDA: The request for a pre-IND meeting formally initiates communications with the FDA regarding development of ELX-02 for the treatment of NMAS. Presented Clinical Data Updates at Alport Workshop Meeting in March: Prof. Daniel Gale presented updated results from the Proof-of Concept Study in 3 NMAS patients treated with ELX-02. Meaningful reduction in Podocyte Foot Process Effacement after treatment measured as an average 60% increase in Filtration Slit Density in post treatment kidney biopsies in all 3 patients. Results confirm the expression of functional collagen 4 protein in-line with the mechanism of protein induction of ELX-02. ZKN-013: Update on Global Licensing Partnership with Almirall: In March 2024, Eloxx announced an exclusive license agreement with Almirall to develop and commercialize ZKN-013 in orphan indications including RDEB and FAP with nonsense mutations. Received $3 million in upfront payment. Additional payments of ELX-02 of up to $470 million and tiered royalties on global sales: Eloxx shall be eligible for additional payments throughout the potential development phases, including regulatory and sales milestones of up to $470 million as well as tiered royalties on any potential global sales. Initiated Phase 1 Single Ascending Dose study: Initiated Phase 1 SAD study in Australia with initial results expected in 2nd half of 2024
LXEO

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07:31 EDT Lexeo Therapeutics announces U.S. FDA granted FTD to LX2006 - Lexeo Therapeutics announced the U.S. Food and Drug Administration, FDA, has granted Fast Track designation, FTD, to LX2006, the company's AAVrh.10hFXN-based gene therapy candidate for the treatment of Friedreich's ataxia cardiomyopathy. LX2006 is designed to deliver a functional frataxin gene to promote frataxin protein expression and restore mitochondrial function in myocardial cells. "FA cardiomyopathy is the leading cause of death among FA patients, and there are currently no approved treatment options. The FDA's Fast Track designation for LX2006 underscores the significant unmet need for effective treatment options to address the cardiac impact of this debilitating disease," said R. Nolan Townsend, Chief Executive Officer of Lexeo Therapeutics. "We believe today's Fast Track designation, along with the previously announced Rare Pediatric Disease and Orphan Drug designations granted to LX2006, will allow for enhanced regulatory interactions and the potential for this life-improving therapy to reach FA patients more quickly."
DJT

Hot Stocks

07:27 EDT Trump Media's Truth Social to launch streaming platform - Trump Media & Technology Group's Truth Social announced that after six months of testing on its Web and iOS platforms, the Company has finished the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network. TMTG plans to roll out its streaming content in three phases: Phase 1: Introduce Truth Social's CDN for streaming live TV to the Truth Social app for Android, iOS, and Web. Phase 2: Release stand-alone Truth Social over-the-top streaming apps for phones, tablets, and other devices. Phase 3: Release Truth Social streaming apps for home TV. The streaming content is expected to focus on live TV including news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services.
CVAC

Hot Stocks

07:25 EDT CureVac, MD Anderson enter collaboration for cancer vaccines - CureVac and The University of Texas MD Anderson Cancer Center announced a co-development and licensing agreement to develop novel mRNA-based cancer vaccines. The collaboration creates strong synergies between CureVac's unique end-to-end capabilities for cancer antigen discovery, mRNA design, and manufacturing and MD Anderson's expertise in cancer antigen discovery and validation, translational drug development, and clinical research. The collaboration will focus on the development of differentiated cancer vaccine candidates in selected hematological and solid tumor indications with high unmet medical need. Both parties will contribute to the identification of differentiated cancer antigens based on whole genome sequencing, combined with long- and short-read RNA sequencing and cutting-edge bioinformatics. Joint preclinical validation of the highest-quality cancer antigens will be supported by Sachet Shukla, Ph.D., Assistant Professor of Hematopoietic Biology & Malignancy and director of the department's cancer vaccine program, and by MD Anderson's ECLIPSE platform, part of the institution's Therapeutics Discovery division. Following selection of the most promising validated vaccine candidates and completion of Investigational New Drug approvals, MD Anderson will be responsible for conducting initial Phase 1/2 studies in appropriate clinical indications. Under the terms of the collaboration agreement, CureVac and MD Anderson will jointly contribute to and support development of those programs designated to move forward. CureVac has worldwide exclusive rights to late-stage development, commercialization, or partnering of the cancer vaccine candidates. MD Anderson is eligible for certain downstream payments based on potential future commercialization.
BTCY

Hot Stocks

07:24 EDT Biotricity launches cardiac monitoring pilot program with hospital network - Biotricity launched a pilot program with a major hospital network, encompassing over 50 hospitals across multiple states. The pilot program will demonstrate the value of Biotricity's cardiac monitoring solutions, setting the stage for a potential large-scale commercial rollout across the network. As part of the pilot program, Biotricity will collaborate closely with the hospital network to gather data, refine patient interaction protocols, and enhance the overall utility of its technology suite. This initiative is expected to provide valuable insights that will further drive the evolution of Biotricity's solutions suite to deliver award-winning, best-in-class predictive monitoring tools that pave the way for groundbreaking disease profiling, enhanced patient management, and a transformative approach to disease prevention.
SLVTF

Hot Stocks

07:24 EDT Silver Tiger provides update on pre-feasability study mineral resource drilling - Silver Tiger Metals provided an update on the Company's ongoing Pre-Feasibility Study drilling program on the Stockwork gold deposit on its El Tigre Project in Sonora, Mexico. Silver Tiger has completed 23,000 metres of a 25,000 metre drilling program focused on expanding the Mineral Resource, up-grading the classification, completing metallurgical test work and geotechnical studies as it progresses from an exploration to a development project. The value-added PFS progress is on schedule for publication in H2-2024. Three main areas of the Stockwork gold deposit are being targeted and show potential for expansion: a) the footwall, b) the hanging wall and c) bottom 'keel'. After releasing the first 55 drill holes of the program, the Company is pleased to announce conversion, expansion and derisking of the potential 'Starter Stockwork Zone'. Silver Tiger's CEO, Glenn Jessome, stated, "We are pleased this new set of assay results continue to both confirm and expand the near-surface Stockwork gold deposit. Of particular interest is the developing "Footwall Zone" to east that continues to show grade and continuity while expanding the mineralization footprint." Mr. Jessome further stated, "These promising assay results help to further de-risk the project in conjunction with the underway PFS-level geotechnical and metallurgical studies." In the northern area of the PEA "starter pit", several new intersections in the footwall side of the Stockwork gold deposit are shown below in the highlighted intercepts: Drill hole ET-23-527: 74.0 metres grading 0.78 g/t gold equivalent or 58.5 g/t silver equivalent from 0.0 to 74.0 metres, consisting of 0.55 g/t gold and 17.0 g/t silver INCLUDING 9.2 metres grading 2.19 g/t gold equivalent or 164.0 g/t silver equivalent from 5.4 to 14.6 metres consisting of 0.90 g/t gold and 96.3 g/t silver gold in the Footwall Zone. Drill hole ET-23-529: 42.5 metres grading 0.99 g/t gold equivalent or 73.9 g/t silver equivalent from 107.0 to 149.5 metres, consisting of 0.91 g/t gold and 5.6 g/t silver INCLUDING 18.0 metres grading 1.42 g/t gold equivalent or 106.2 g/t silver equivalent from 122.0 to 140.0 metres consisting of 1.27 g/t gold and 11.2 g/t silver in the Footwall Zone. Drill hole ET-23-530: 56.9 metres grading 0.73 g/t gold equivalent or 54.9 g/t silver equivalent from 44.3 to 101.2 metres, consisting of 0.68 g/t gold and 3.7 g/t silver INCLUDING 18.7 metres grading 1.01 g/t gold equivalent or 75.8 g/t silver equivalent from 82.5 to 101.2 metres consisting of 0.93 g/t gold and 6.1 g/t silver in the Footwall Zone. At the southern end of the PEA "starter pit", a new intersection in the Keel Zone is shown below. Drill hole ET-23-518: 16.9 metres grading 0.96 g/t gold equivalent or 72.3 g/t silver equivalent from 97.7 to 114.6 metres, consisting of 0.07 g/t gold and 66.9 g/t silver INCLUDING 2.0 metres grading 6.7 g/t gold equivalent or 502.5 g/t silver equivalent from 108.0 to 110.0 metres consisting of 0.20 g/t gold and 487.5 g/t silver in the Keel Zone.
SGNLF

Hot Stocks

07:22 EDT Signal Gold initiates further drilling at western extension of Goldboro - Signal Gold will initiate further exploration drilling on the western extension of the Goldboro Deposit at the Company's Goldboro Project in Nova Scotia. The drill program, which will be comprised of up to 5,000 metres of diamond drilling, will follow-up on the Company's discovery in 2023 of near-surface, high-grade gold mineralization immediately west of the Goldboro Deposit, all located within the same anticline which hosts the Goldboro Deposit. Initial geological modelling of the gold mineralization identified in 2023 indicates the potential to delineate additional open-pit Mineral Resources, and the potential for further gold discoveries. "We are excited to initiate further drilling at the western extension of the Goldboro Deposit and follow-up on our 2023 discovery of continued gold mineralization to the west, which brings the total strike length of known gold mineralization to 3.4 kilometres at Goldboro. Preliminary geological modelling of the drill results from the western extension demonstrates the potential to both develop an open-pit mineral resource and expand the known gold mineralization. This drill program will allow us to further advance and refine the geological model and the open-pit mineral resource potential. Concurrently, we also see further potential for discovery regionally following recent data compilation and ongoing airborne geophysical surveys over our significantly expanded land package and will be providing further guidance on regional exploration targets in the near future. The initiation of drilling of the western extension combined with ongoing regional exploration continues to demonstrate the scale potential of the Goldboro Gold District." said Kevin Bullock, President and CEO, Signal Gold Inc.
AYASF

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07:20 EDT Aya Gold & Silver announces MRE at Boumadine Project - Aya Gold & Silver announced a Mineral Resource Estimate prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects at its Boumadine Project in the Kingdom of Morocco. The MRE contains an Inferred Mineral Resource of 23.6 million tonnes at 85 grams per tonne silver, 2.62 g/t gold, 2.32% zinc and 0.84% lead containing an estimated 64.7 million ounces of Ag, 1.98 Moz of Au, 546 thousand tonnes of Zn and 198 kt of Pb and an Indicated Mineral Resource of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz of Ag, 165 koz of Au, 88 kt of Zn and 22 kt of Pb. Highlights: Indicated Mineral Resources of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz of Ag, 165 koz of Au, 88 kt of Zn and 22 kt of Pb. Inferred Mineral Resources of 23.6 Mt at 85g/t Ag, 2.62 g/t Au, 2.32% Zn and 0.84% Pb containing an estimated 64.7 Moz of Ag, 1.98 Moz of Au, 546 kt of Zn and 198 kt of Pb. 41% of the Inferred Mineral Resource is pit-constrained and reported above a cut-off net smelter royalty value of $95/t, and 59% deemed for underground development NSR cut-off value of US$125/t. Additional Mineral Resource potential exists to expand the deposit in all directions for future Mineral Resource estimation. Less than 10% of the Boumadine land package has been drilled, and new targets are being generated by the ongoing geophysical airborne survey. "We are thrilled to announce a Mineral Resource update at Boumadine, which represents a significant milestone for the Corporation," said Benoit La Salle, President & CEO. "In under two years, we have delivered 72 Moz of silver and 2.1 Moz of Au or 352 Moz AgEq at 427 g/t AgEq in all classifications from a mineralized footprint that continues to grow and remains open in all directions. This result implies presence of 4.1 Moz AuEq at 5 g/t AuEq. Additionally, drilling has focused solely on the mining permit, a small portion of the overall mineralized footprint. We will continue to consolidate the area and aggressively drill the extensions of the main trend with a view to growing the Mineral Resource. I am extremely pleased with the improvement of the most important metric, silver oz per share, which has increased from 0.12 AgEq per share in April 2020 to 3.5 AgEq per share following this Mineral Resource Estimate. This Mineral Resource Estimate clearly demonstrates that Boumadine has the potential to become a generational asset."
ACHFF

Hot Stocks

07:18 EDT Arch Biopartners announces St. Michael's Hospital joined Phase II for LSALT - Arch Biopartners announced that a research team from St. Michael's Hospital, a site of Unity Health Toronto, has joined the Phase II trial for LSALT peptide targeting the prevention and treatment of cardiac surgery-associated acute kidney injury. LSALT peptide is the Company's lead drug candidate for preventing and treating inflammation injury in the kidneys, lungs and liver. "Our research team is excited to be participating in this trial. Organ injury and repair is a Unity Health Toronto Research Pillar, and we are committed to investigating key mechanisms underlying tissue injury and healing, and to developing therapies to reduce injury and enhance regeneration," said Dr. David Mazer, translational researcher, anesthesiologist, and intensivist at St. Michael's Hospital.
CAE

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07:18 EDT CAE and NAV Canada partner to train air traffic services professionals - CAE and NAV Canada have signed a strategic agreement to increase training capacity for crucial air traffic services professionals. CAE instructors will deliver initial training for Flight Service Specialists and Air Traffic Controllers using NAV Canada's training curriculum and courseware. The first classes will begin in the fall of 2024 at a new purpose-built Air Traffic Services Training Centre on CAE's campus in Montreal. The partnership will provide additional training capacity as NAV Canada continues to fully deliver existing training programs from its training units across the country. As NAV Canada turns to CAE to supplement its training needs, its current Flight Information Regions school delivery is ongoing and continues to offer all specialties and on-the-job training.
SABS

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07:16 EDT SAB Biotherapeutics provides SAB-142 trial update - SAB Biotherapeutics announced their Chief Medical Officer, Dr. Alexandra Kropotova, MD, MBA disclosed that SAB has completed dosing the third cohort for SAB-142 with no observation of serum sickness thus far. In October 2023, SAB received approval by the Australian Human Research Ethics Committee to commence the Phase 1 clinical trial investigating safety, tolerability, pharmacokinetic, pharmacodynamic, and immunogenicity of SAB-142. The primary objective of the trial is two-fold: to generate data on differentiated safety and immunogenicity of this human immunoglobulin, and to establish a Proof of Biological Activity for SAB-142. Phase 1 of SAB-142 is a randomized, double-blind, placebo-controlled, single-ascending dose, adaptive design clinical study was designed to assess the safety, tolerability, pharmacokinetics and pharmacodynamics of intravenous SAB-142 in healthy volunteers and participants with T1D. SAB-142 is a first-in-class human anti-thymocyte immunoglobulin being developed as a disease-modifying treatment to delay the onset and progression of T1D.
MFGCF

Hot Stocks

07:16 EDT Mayfair Gold announces results from Footwall Zone at Fenn-Gib - Mayfair Gold announced further drill results from the higher-grade Footwall Zone located approximately 100 meters to the northwest of the Fenn-Gib gold deposit. Mayfair's 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit-constrained Indicated mineral resource estimate of 3.38 million ounces gold at a grade of 0.93 grams per tonne Au and an Inferred mineral resource of 0.16Moz Au at 0.85 g/t Au. The near-surface Fenn-Gib gold mineralization is broadly disseminated striking east-west on the Pipestone Fault over more than 1.5 kilometers and is over 500 m wide at the west end. Mayfair Gold President and CEO Patrick Evans commented: "The 3.38M ounce Fenn-Gib deposit is a high-quality 'anchor' asset with very favorable geology capable of delivering industry-leading gold recoveries with standard flowsheet options. Resource drilling on the Footwall Zone discovery immediately adjacent to the Fenn-Gib deposit continues to identify wide zones of high-grade gold mineralization. Drilling has so far extended the strike of the outcropping Footwall Zone to more than 1 kilometer-and it remains open to both the northeast and southwest-and confirmed continuity to a depth of more than 600 m." The winter resource drilling campaign at the Footwall Zone has extended the strike of the mineralized structure over approximately 1 km. The mineralization reported today in drill holes FG24- 385, 387, and 388 is located within the northern portion of the 2023 Fenn-Gib resource conceptual open-pit and is expected to increase the Fenn-Gib open-pittable resource. A maiden resource on the Footwall Zone is expected to be completed by mid-2024. Highlight drill results include: FG24-385 intersected 0.88 g/t Au over 71.0m, including 1.40 g/t Au over 28.3m including 19.81 g/t Au over 1.8m; FG24-387 intersected 0.80 g/t Au over 194.5m, including 3.02 g/t Au over 3.0m and 2.54 g/t Au over 5.0m and 8.56 g/t Au over 3.3m including 23.90 g/t Au over 1.0m and 4.60 g/t Au over 2.2m; FG24-388 intersected 1.97 g/t Au over 68.9m including 4.82 g/t Au over 9.4m including 11.25 g/t Au over 2.1m and 3.01 g/t Au over 12.5m and 6.63 g/t Au over 1.1m and 4.15 g/t Au over 5.9m; and FG24-390 intersected 10.72 g/t Au over 1.0m, 0.55 g/t Au over 28.5m, 6.12 g/t Au over 14.0m including 68.13 g/t Au over 0.9m and 3.24 g/t Au over 6.0m including 9.13 g/t Au over 1.0m.
TMCI

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07:15 EDT Treace Medical announces first annual National Bunion Day - Treace Medical Concepts announced the first-ever National Bunion Day in the United States. National Bunion Day is an opportunity to help more people learn about the identification and treatment of this common bone deformity in the foot, which often includes debilitating pain for millions of adults in the U.S.
HPH

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07:15 EDT Highest Performances Holdings secures share purchase agreement from GEM - Highest Performances announced that it has signed a share purchase agreement with GEM Global Yield LLC SCS, a Luxembourg-based private alternative investment group. Under the Agreement, HPH has the option to issue and sell up to a number of ordinary shares with an aggregate value of US$500,000,000. Subject to the terms and conditions of the Agreement, HPH may increase the Aggregate Limit up to US$1,000,000,000 at a later date by delivering prior written notice to GEM. The funds will be used to fuel the Company's AI development and expansion efforts on a global scale.
CLSD

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07:14 EDT Clearside Biomedical appoints Gibney to board of directors - Clearside Biomedical announced that Anthony Gibney has been appointed to the Company's Board of Directors, effective April 15, 2024. Most recently, Gibney served as the Executive Vice President, Chief Business & Strategy officer of Iveric Bio.
CGEM

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07:13 EDT Cullinan Oncology changes name to Cullinan Therapeutics - The corporate name change to Cullinan Therapeutics reflects the company's transformation as it pursues new indications for autoimmune diseases and continues to advance its clinical-stage oncology pipeline. The new corporate name represents both the expanded therapeutic focus area and Cullinan Therapeutics' vision to evolve to a commercial-stage biotech company. The company's common stock will continue to trade under its current ticker symbol "CGEM". Along with the new name, the company will adopt a new logo and will change its corporate website from www.cullinanoncology.com to www.cullinantherapeutics.com.
OCUL

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07:13 EDT Ocular Therapeutix announces appointments of CMO, CDO - Ocular Therapeutix announced that it has strengthened its clinical development organization with the appointment of Nadia K. Waheed, MD, MPH, as Chief Medical Officer, CMO; Peter Kaiser, MD as Chief Development Officer, CDO; Andrea Gibson, Ph.D., as Vice President, Medical Collaborations; and Namrata Saroj, OD, as Development Strategy Consultant. Dr. Waheed's appointment will be effective as of May 20, 2024. Jeffrey Heier, MD, will continue in his role as Chief Scientific Officer.
CGEM

Hot Stocks

07:13 EDT Cullinan Oncology announces strategic expansion into autoimmune diseases - Cullinan Therapeutics announced important updates about its plan to expand into autoimmune diseases, the scientific rationale for developing CLN-978 in autoimmune diseases, and initial clinical observations from its B cell non-Hodgkin lymphoma study. In a separate announcement, the company also announced a $280 million private placement. The proceeds from the private placement, combined with current cash, cash equivalents, short term investments and interest receivable, are expected to fund Cullinan's current operating plan into 2028. Cullinan Therapeutics intends to pursue development of CLN-978 in autoimmune diseases, with systemic lupus erythematosus as a first indication. The company believes that CLN-978 has the potential to be a first-in-class, off-the-shelf, disease-modifying treatment in autoimmune diseases with a differentiated safety profile. The company plans to submit an investigational new drug application to study CLN-978 in patients with SLE in the third quarter of 2024 and is also planning for future development in other autoimmune diseases. The company has discontinued enrollment in its B-NHL study to focus ongoing development on autoimmune indications. Recent data demonstrated the potential of CD19 directed CAR T therapies in the treatment of 15 patients with autoimmune diseases. While the efficacy was notable, challenges could limit broad uptake of CAR T therapy, such as the requirement for lymphodepleting chemotherapy, risk of secondary malignancies, complex manufacturing processes, and limited patient access. CD19-directed therapies afford significant potential for the breadth of B cell depletion and the necessary immune reset, since CD19 expression occurs across all B lineage cells, including the short-lived plasma cells and plasmablasts that produce the pathogenic autoantibodies present in autoimmune conditions. The company believes that CLN-978 could offer a novel solution for patients and providers as a T cell engager designed to deliver potency with off-the-shelf convenience and subcutaneous dosing. On April 8, 2024, the Journal of Experimental Medicine published a Found in Translation article highlighting the potential advantages of CD19-directed T cell engagers to be superior to CD19 CAR-T cell engaging antibodies relative to CD19 CAR-T cells for the treatment of autoimmune diseases. Clinical observations from three patients treated in a Phase 1 dose escalation trial of patients with B-NHL show that CLN-978 was clinically active at the initial starting dose of 30 undefined administered subcutaneously once weekly. Two of the three patients experienced objective clinical benefit including one patient who experienced a complete response. Grade 1 cytokine release syndrome occurred in two patients and no patients experienced immune effector cell-associated neurotoxicity syndrome. Other adverse events were low-grade, manageable, or mechanistically based. Of the two patients with detectable B cells at baseline, both patients experienced rapid, deep, and sustained B cell depletion after administration of CLN-978. These data show that CLN-978 can deplete peripheral B cells and demonstrate clinical activity in a tissue resident disease at a dose with a favorable safety profile.
AZN

Hot Stocks

07:12 EDT AstraZeneca: Imfinzi + chemo doubled OS at three years for patients with BTC - Updated exploratory results from the TOPAZ-1 Phase III trial showed AstraZeneca's IMFINZI or durvalumab, in combination with standard-of-care chemotherapy demonstrated a clinically meaningful long-term overall survival OS benefit at three years for patients with advanced biliary tract cancer, BTC. These results from TOPAZ-1, which are the longest survival follow-up ever reported for a global, randomized Phase III trial in this setting, will be presented on April 18 at the 2024 Cholangiocarcinoma Foundation Conference in Salt Lake City, Utah. .. Stacie Lindsey, CEO, Cholangiocarcinoma Foundation said: "AstraZeneca's longer survival data in advanced biliary tract cancer represents a meaningful milestone in that we are seeing three-year survival data for the first time for these patients. The data spurs hope that research will continue to improve outcomes for patients living with these challenging and rare cancers."
GOLD

Hot Stocks

07:11 EDT Barrick Gold reports preliminary Q1 sales, production of gold, copper - Barrick Gold Corporation reported preliminary Q1 production of 940 thousand ounces of gold and 40 thousand tonnes of copper, as well as preliminary Q1 sales of 910 thousand ounces of gold and 39 thousand tonnes of copper. As previously guided, Barrick's gold and copper production in 2024 is expected to progressively increase each quarter through the year, with the Pueblo Viejo plant expansion ramping up from Q2 and the Porgera mine restart continuing in line with plans. We remain on track to achieve our full year gold and copper guidance. As planned, preliminary Q1 gold production was lower than Q4 2023 mainly as a result of planned maintenance at Nevada Gold Mines and mine sequencing at various sites. Preliminary Q1 copper production was lower than Q4 2023, driven primarily by lower grades mined at Lumwana in accordance with the mine plan.
MWG

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07:10 EDT Multi Ways Holdings partners with PNGFA to promote economic growth - Multi Ways Holdings announces a strategic partnership with the Papua New Guinea Forest Authority, PNGFA, by establishing a dedicated office within its Singapore headquarters. This initiative facilitates outreach to local and international investors, encouraging investment into Papua New Guinea to foster economic growth and development. James Lim, Chairman and CEO of Multi Ways, commented, "We are honored to host the Papua New Guinea Forest Authority within our Singapore headquarters. This collaboration not only underlines our commitment to sustainable development but also opens up new avenues for economic growth in PNG. We believe that by connecting PNG with potential investors, we can contribute to a prosperous future that benefits all stakeholders involved."
LTRX

Hot Stocks

07:10 EDT Lantronix launches FOX4, Bolero 43 edge compute trackers - Lantronix launched its new FOX4 and Bolero 43 edge compute tracker telematic gateways. Designed for assets and fleet management, both products come pre-configured with Lantronix's Percepxion IoT edge software platform, which provides secure, comprehensive IoT device provisioning and management. The two new products were showcased in the Lantronix booths at Embedded World 2024 (Hall 3, booth 356) held April 9-11, 2024, in Nuremberg, Germany, and ISC West 2024 held April 10-12, 2024, in Las Vegas. Ursula Hess, CEO of Quantum Aviation, a customer of Lantronix telematic products, said, "Utilizing Lantronix's FOX Series Telematic Gateways, we are able to feed reliable, real-time data to our cloud-based software solution, which gives our aviation customers access to critical information for real-time visibility and actions as well as long-term analytics."
FHTX VRDN

Hot Stocks

07:09 EDT Foghorn Therapeutics appoints Humer as Chief Financial Officer - Foghorn Therapeutics (FHTX) announced that Kristian Humer will join the company as Chief Financial Officer on April 16, 2024 Humer joins Foghorn with over 14 years of diversified financial strategy and business development experience in the life science industry and more than 20 years of experience in the financial industry. Prior to joining Foghorn, Humer most recently held executive roles at Viridian Therapeutics (VRDN), where he successfully led financial strategy and business development as the Chief Financial Officer and Chief Business Officer.
DNA

Hot Stocks

07:08 EDT Ginkgo Bioworks' ALE technology adopted by Il Granaio delle Idee baker supplier - Ginkgo Bioworks and Il Granaio delle Idee, or IGDI, an international developer and provider of clean label baking ingredients, announced a new collaboration. IGDI has identified a new sourdough bakery strain that can improve the flavor and aroma profile of baked goods via its starter culture product, Pater. This collaboration will leverage Ginkgo's Adaptive Laboratory Evolution - ALE - technology to accelerate the growth rate of IGDI's selected strain. IGDI has used its proprietary technology to develop a product, Pater, that keeps lactic acid bacteria dispersed in flour, viable and stable over time to make sourdough en masse, enabling artisanal and industrial bakers to expand their potential offerings of sourdough-based products. IGDI will leverage Ginkgo's ALE technology as it seeks to evolve the strain towards a higher growth rate. Ginkgo uses ALE as a development tool that can adapt strains to industrially-relevant conditions without gene editing.
ITCI

Hot Stocks

07:08 EDT Intra-Cellular announces Phase 3 results from Study 501 - Intra-Cellular Therapies announced positive topline results from Study 501 evaluating lumateperone 42 mg as an adjunctive therapy to antidepressants for the treatment of major depressive disorder. Topline results from our second Phase 3 study, Study 502, are anticipated late in the second quarter of this year. "The positive Phase 3 results in MDD represent a significant step towards our goal of further establishing CAPLYTA as a first-choice treatment across mood disorders," said Dr. Sharon Mates, Chairman and CEO of Intra-Cellular Therapies. "We believe that these robust efficacy results coupled with its favorable safety and tolerability profile and convenient dosing make CAPLYTA a compelling option as an adjunctive treatment for MDD, if approved. At ITCI, we are committed to bringing improved treatment options to patients with major neuropsychiatric conditions through our efforts to expand CAPLYTA's label and advance our pipeline." Lumateperone 42 mg given once daily as adjunctive therapy to antidepressants met the primary endpoint in Study 501 by demonstrating a statistically significant and clinically meaningful reduction in the MADRS total score compared to placebo at Week 6. In the modified intent-to-treat study population, the least squares mean reduction from baseline for lumateperone 42 mg was 14.7 points, versus 9.8 points for placebo. Lumateperone 42 mg also met the key secondary endpoint in the study by demonstrating a statistically significant and clinically meaningful reduction in the CGI-S score compared to placebo at Week 6. Statistically significant efficacy was seen at the earliest time point tested and maintained throughout the study in both the primary and the key secondary endpoints.
QLGN

Hot Stocks

07:08 EDT Qualigen Therapeutics, Marizyme enter co-development agreement for DuraGraft - Marizyme announced a Co-Development Agreement with Qualigen Therapeutics to advance the commercialization of Marizyme's first-in-class FDA cleared product, DuraGraft. DuraGraft was granted a De Novo - FDA Clearance on October 4, 2023, from the U.S. Food and Drug Administration. DuraGraft is labeled for use as a vascular conduit solution indicated for adult patients undergoing Coronary Artery Bypass Grafting surgeries and is intended for the flushing and storage of the saphenous vein grafts used in CABG surgery. According to the Society of Thoracic Surgeons, there are over 500,000 CABG procedures performed annually in the U.S., representing a major market for this commercial-ready product. Pursuant to the Agreement, Qualigen will help support the commercial launch in the United States of DuraGraft, including post-clearance clinical studies to advance the use of DuraGraft in the U.S., by providing up to $1.5 million in funding over the next several months for these purposes. In return, Qualigen will receive a share of Marizyme's gross profit on future U.S. sales of the product, capped at a 2X return on Qualigen's invested capital. Qualigen has also purchased an exclusive negotiation period ending May 31, 2024, for purposes of proposing and outlining a broader strategic relationship between the two companies
ARKO

Hot Stocks

07:06 EDT Arko Corp. subsidiary to open new Handy Mart in North Carolina - ARKO announced that its subsidiary GPM broke ground with a New To Industry Handy Mart branded location at 2934 Highway 24, Newport, North Carolina that is scheduled to open later this year. This location is the second announced New To Industry location in process that the Company has announced in the last 30 days. "We have been very happy with the performance of our Handy Mart stores, which we acquired in November of 2021, and our ability to improve performance at those stores," said Arie Kotler, President & CEO of ARKO. "Building upon the strong community ties of the Handy Mart brand in North Carolina, we are very excited to begin construction on our first New To Industry location under the Handy Mart banner since our acquisition, which will showcase many of our new initiatives and offerings in a beautiful and inviting store design. The addition of this new store is just another destination where customers that enroll in our loyalty program, fas REWARDS, can take advantage of daily, significant savings."
IGC

Hot Stocks

07:06 EDT IGC Pharma: Trial data show reduction in Alzheimer's agitation at week two - IGC Pharma announced that interim data from its Phase 2 clinical trial demonstrates a clinically significant reduction, approaching statistical significance, in agitation in Alzheimer's at week two compared to placebo. IGC-AD1 targets neuroinflammation and CB1 receptor dysfunction, and the investigational drug contains THC as one of two active pharmaceutical agents. THC is a principal psychoactive cannabinoid found in Cannabis. IGC-AD1 is a first-of-its-kind THC-based-formulation undergoing a formal Phase 2 clinical trial in Alzheimer's disease. "We are excited to share that the interim results on the secondary outcome show that IGC-AD1 can provide fast relief with few side effects in reducing agitation in Alzheimer's dementia compared to placebo. We are especially excited by these results given the limited therapeutic options currently available," said Ram Mukunda, CEO of IGC Pharma...The secondary outcome, as measured by the change in agitation versus placebo using a standard measurement scale, the Cohen Mansfield Agitation Inventory or CMAI at baseline and week 2, exhibited an The ongoing 146-patient clinical trial is a multicenter, double-blind, randomized, placebo-controlled study designed to assess safety and efficacy of IGC-AD1 in treating agitation in dementia due to Alzheimer's. To date over 1,000 oral doses have been administered, with no dose-limiting adverse events observed, highlighting the safety profile of IGC-AD1.
CYN

Hot Stocks

07:06 EDT Cyngn receives notice of allowance for 20th U.S. patent - Cyngn announced the notice of allowance for a new patent, 17/812,072, for the company's autonomous vehicle solutions. This patent covers the generation of a compensated environmental model by applying methods to address challenges that arise from using sensors that are in motion while collecting data and the inherent processing delay that exists between sensing and generating an environmental model.
VYGR NBIX

Hot Stocks

07:06 EDT Voyager announces selection of development candidate for GBA1 Program - Voyager Therapeutics (VYGR) announced that the joint steering committee with its collaborator Neurocrine Biosciences (NBIX) has selected a lead development candidate in the GBA1 gene therapy program for the potential treatment of Parkinson's disease and other GBA1-mediated diseases. The candidate combines a GBA1 gene replacement payload with an intravenously administered, blood-brain barrier penetrant, novel capsid derived from Voyager's TRACER capsid discovery platform. The companies expect to file an Investigational New Drug application with the FDA for the program in 2025. Selection of the development candidate triggered a $3 million milestone payment to Voyager, which the Company expects to receive in the second quarter of 2024. Voyager is eligible to receive additional future development and commercialization milestone payments based on the further advancement of this program. The GBA1 program is being developed under the 2023 strategic collaboration agreement between Voyager and Neurocrine Biosciences for research, development, manufacture, and commercialization of certain AAV gene therapy products for programs targeting Parkinson's disease and other GBA1-mediated diseases and three other undisclosed programs to address central nervous system diseases or conditions associated with rare genetic targets. Under the terms of the 2023 collaboration agreement, Voyager is eligible to receive up to $1.5 billion in potential development milestone payments, as well as additional commercial milestone payments, tiered royalties on net sales, and program funding. Voyager maintains an option to elect 50/50 cost- and profit-sharing in the U.S. for the GBA1 program following topline data from the first Parkinson's disease clinical trial.
BENF

Hot Stocks

07:06 EDT Beneficient announces 1-for-80 reverse stock split - Beneficient announced a 1-for-80 reverse stock split of its Class A common stock, par value $0.001 per share, and its Class B common stock, par value $0.001 per share. The Reverse Stock Split was previously approved by Beneficient's stockholders on March 21, 2024.
PRTC

Hot Stocks

07:04 EDT PureTech Health completes enrollment in ELEVATE IPF trial - PureTech Health announced that enrollment has been completed in the ELEVATE IPF Phase 2b clinical trial evaluating LYT-100 in patients with idiopathic pulmonary fibrosis, or IPF.
SLSSF SLSR

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07:04 EDT Solaris Resources to commence trading on NYSE American - Solaris Resources received approval to list its common shares on the NYSE American with trading expected to commence on Friday, April 19, 2024 under the symbol "SLSR". The Company will remain listed on the Toronto Stock Exchange under the symbol "SLS". Concurrent with the start of trading on the NYSE American, the Company's common shares will cease trading on the OTCQB Venture Market. Shareholders are not required to take any action. The Company recommends that investors who have bought shares on the OTCQB Venture market monitor their accounts to ensure that their holdings correctly reflect the new ticker symbol.
OFIX SYK

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07:03 EDT Orthofix names Andres Cedron chief legal officer - Orthofix (OFIX) announced that Andres Cedron has joined the company as chief legal officer. Cedron most recently served as VP and corporate secretary at Stryker (SYK). In his corporate officer position, Cedron oversaw Stryker's corporate governance, SEC compliance, mergers and acquisitions, and ESG matters.
EYPT

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07:02 EDT EyePoint reports inducement grants under Nasdaq listing rule - EyePoint Pharmaceuticals announced that the Company granted non-statutory stock options to new employees as inducement awards outside the Company's 2023 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The Company granted stock options to purchase up to an aggregate of 50,500 shares of EyePoint Pharmaceuticals common stock to seven new employees. The stock options were granted on April 15, 2024. The grants were approved by the Compensation Committee and made as an inducement material to each employee entering into employment with EyePoint Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4). The option awards have an exercise price of $21.28 per share, the closing price of EyePoint Pharmaceuticals' common stock on April 15, 2024. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's date of grant and the remainder vesting in equal monthly installments over the following three years. Vesting of the options is subject to the employee's continued service with EyePoint Pharmaceuticals through the applicable vesting dates.
IGT

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06:53 EDT International Game and Acres resolve all pending litigation. terms undisclosed - International Game and Acres 4.0, Acres Manufacturing Company, and John Acres announced that they have reached an agreement to resolve all legal disputes between the two companies. Terms of the settlement have not been announced. The resolution was reached in the United States District Court of Nevada, directed to United States patents that pertain to facilitating use of a financial transaction device in a cashless wagering system in a gaming system, and Nevada State Court directed to a breach of contract claims.
TIXT APPN

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06:49 EDT Telus International and Appian expand partnership for AaaS platform - Telus International (TIXT) is expanding its strategic partnership with Appian (APPN) to provide clients with an end-to-end value chain through an intelligent automation as a service - AaaS - platform. Through the Appian partnership, Telus International has established a unified, AI-powered IT ecosystem. This ecosystem combines technologies, such as AI, machine learning, and robotic process automation, and incorporates a data fabric architecture that integrates next-gen, enterprise-wide data management and delivery across endpoints on-premises and in multiple cloud environments. Appian's low-code process automation platform enables individuals to build applications with a visual interface. Using Telus International's enhanced Automation as a Service platform that incorporates Appian's low-code application development capabilities, Telus' employees were able to develop network build tools with a variety of functionalities, such as network design, configuration, deployment, and optimization, much faster than with traditional methods. This has improved business workflow automation in the company's critical business activities for Telus networks, resulting in savings of C$5M in 2023.
FERG

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06:48 EDT Ferguson intends to pay Q2 dividend of 79c per share - On March 5, Ferguson announced its intention to pay a quarterly dividend of 79c per share. The Q2 dividend will be paid on May 7 to shareholders who were on the register as at 8:00pm (ET) on March 15. Eligible shareholders will receive their dividends in U.S. dollars, unless an election to receive dividends in pounds sterling is completed and registered with the company's registrars. The deadline for the currency election in respect of the Q2 dividend, was April 8, and was communicated to shareholders on March 5.
JNJ

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06:43 EDT Johnson & Johnson sees 'slightly stronger' sales in Innovative Medicine in 1H24 - Innovative Medicine: Expects slightly stronger sales growth in the first half of the year compared to the second. Sees continued uptake from recently launched products. Anticipates entry of Stelara biosimilars in Europe towards the middle of the year. MedTech: Operational sales growth expected to be relatively consistent throughout the year. Expects 2024 procedure volumes to remain above pre-COVID levels. Sees modest impact from Russia sanctions in first half of the year. Sees VBP pricing for Surgical IOLs and Sports in 2024; lapping of 2023 VBP impacts throughout the year. P&L: EPS growth will benefit from 191M share reduction in the first half of the year; partial benefit in Q3. Comments taken from investor presentation slides for Q1 earnings conference call.
JNJ

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06:25 EDT Johnson & Johnson raises quarterly dividend 4.2% to $1.24 from $1.19 per share - At the new rate, the indicated dividend on an annual basis is $4.96 per share compared to the previous rate of $4.76 per share. The next quarterly dividend is payable on June 4 to shareholders of record at the close of business on May 21. The ex-dividend date is May 20.
GSK

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06:21 EDT GSK meningococcal ABCWY vaccine candidate accepted for FDA review - GSK plc announced that the U.S. Food and Drug Administration has accepted for review a Biologics License Application, or BLA, for its 5-in-1 meningococcal ABCWY vaccine candidate. The Prescription Drug User Fee Act, or PDUFA, goal date for a decision by the US FDA on this application is February 14, 2025.
AZN

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06:20 EDT AstraZeneca reports updated exploratory results from TOPAZ-1 Phase 3 trial - Updated exploratory results from the TOPAZ-1 Phase III trial showed AstraZeneca's Imfinzi in combination with standard-of-care chemotherapy demonstrated a clinically meaningful long-term overall survival, or OS, benefit at three years for patients with advanced biliary tract cancer, or BTC, AstraZeneca announced. At more than three years, results showed Imfinzi plus chemotherapy reduced the risk of death by 26% versus chemotherapy alone. The median OS was 12.9 months for Imfinzi plus chemotherapy versus 11.3 months for chemotherapy alone. More than twice as many patients on the Imfinzi-based regimen were alive at three years versus chemotherapy alone. Susan Galbraith, Executive Vice President, Oncology R&D, AstraZeneca, said: "TOPAZ-1 raised the bar for the treatment of advanced biliary tract cancer, showing a remarkable survival benefit for Imfinzi added to chemotherapy with a well-tolerated regimen. These data represent the longest survival follow-up reported for immunotherapy in this setting, and the three-year landmark survival improvement underscores our commitment to improving long-term outcomes in gastrointestinal cancers."
BG

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06:07 EDT Bunge names leadership team for future combination with Viterra - Bunge announced the executive leadership team for the combined Bunge and Viterra business following the close of the proposed transaction. Following the close of the transaction, the combined company will be led by Greg Heckman, Bunge's CEO and John Neppl, Bunge's CFO. Viterra CEO David Mattiske will become Co-COO along with Julio Garros, Bunge's Co-President, Agribusiness. Also serving on the executive leadership team of the future combined company will be Kellie Sears, Chief Human Resources Officer; Joe Podwika, Chief Legal Officer; Robert Wagner, Chief Risk Officer; Pierre Mauger, Chief Transformation Officer; Debra King, Chief Technology Officer; and Robert Coviello, Chief Sustainability Officer and Government Affairs. Other key commercial leaders of the future combined organization include Christos Dimopoulos who assumes the newly created role of EVP, Global Markets. These leadership appointments are effective once the transaction closes, which is anticipated to occur in mid-2024, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals.
META

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06:05 EDT Meta to launch education product for Quest devices this year - Later this year Meta will launch a new education product for Quest devices, Meta's Nick Clegg, President, Global Affairs, announced on Monday. It will allow teachers, trainers and administrators to access a range of education-specific apps and features, and make it possible for them to manage multiple Quest devices at once. The new product is the result of extensive consultation and collaboration with educators, researchers and third-party developers working in the education space around the world, Clegg said. Reference Link
DKS

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06:04 EDT Dick's Sporting, SidelineSwap expand resale partnership - Dick's Sporting and SidelineSwap, the world's largest online marketplace for new and used sporting goods, are expanding their resale partnership for the third straight year to offer SidelineSwap's recommerce services to more DICK'S athletes throughout the U.S. The growth of this partnership comes in direct response to consumers' increased interest in resale to both save money and live more sustainable lifestyles. Throughout 2024, DICK'S athletes will be able to drop-off their used sports gear at SidelineSwap trade-in events at select DICK'S locations throughout the U.S. The used gear will be evaluated by SidelineSwap buying experts, and athletes will be paid with DICK'S e-gift cards to use towards their next purchase. Items that do not qualify for trade-in can be donated or recycled responsibly. DICK'S athletes who attended trade-in events in 2023 received an average payout of $120 for their used gear, and nearly all customers surveyed said they would be interested in reselling their used sports gear at least once per year. Trade-in events in 2024 will be held at DICK'S locations in Pennsylvania, New York, New Jersey, Delaware, Maryland, Virginia, Massachusetts, New Hampshire, Rhode Island, Connecticut, Illinois, Michigan, Colorado, Wisconsin, and Georgia; with additional states potentially to be added.
WFC

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06:01 EDT Wells Fargo, TradeSun announce agreement - TradeSun and Wells Fargo have entered into an agreement that will enable Wells Fargo to leverage the industry leading trade finance and compliance digitization solution from TradeSun, using Artificial Intelligence and other advanced technologies to streamline the complex and manual processes employed globally within the banking industry. TradeSun's major new release is reinventing trade finance digitalization as it breaks new ground in the world of cognitive data capture and intelligent process automation and takes compliance screening and document checking to new levels. TradeSun's trade-focused AI will help deliver Wells Fargo's goals by automating manual processes that will increase capacity to drive new business. Wells Fargo will utilize the TradeSun AI platform to digitize, extract, validate, and classify unstructured data for use with compliance and document checking.
META

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05:54 EDT Meta to temporarily shut down Threads in Turkey - Meta plans to temporarily shut down Threads in Turkey from April 29 to comply with a Turkish Competition Authority interim order prohibiting data sharing between Threads and Instagram. There is no impact to Facebook, Instagram, WhatsApp or any other Meta services in Turkey, or Threads in other countries, Meta said. Reference Link
MSFT

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05:37 EDT Microsoft invests $1.5B in G42 AI technology holding company - G42, an UAE-based artificial intelligence, or AI, technology holding company, and Microsoft announced a $1.5B strategic investment by Microsoft in G42. The investment will strengthen the two companies' collaboration on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world. As part of this expanded partnership Brad Smith, vice chair and president of Microsoft, will join the G42 board of directors. Microsoft's investment deepens the reciprocal commitment to this strategic partnership. G42 will run its AI applications and services on Microsoft Azure and partner to deliver advanced AI solutions to global public sector clients and large enterprises. G42 and Microsoft will also work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa, providing these nations with equitable access to services to address important governmental and business concerns while ensuring the highest standards of security and privacy.
ARGX

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05:33 EDT Argenx presents data from ADHERE trial evaluating Vyvgart Hytrulo - Argenx announced that data from its Phase 3 ADHERE trial evaluating Vyvgart Hytrulo in patients with chronic inflammatory demyelinating polyneuropathy, or CIDP, were presented for the first time to the medical community during the Clinical Trials Plenary Session at the American Academy of Neurology, or AAN, annual meeting in Denver, Colorado. Argenx also highlighted clinical trial and real-world data across seven posters and presentations that continue to reinforce Vyvgart and Vyvgart Hytrulo as a transformative treatment option for gMG patients. In the ADHERE study, a majority of patients treated with Vyvgart Hytrulo, regardless of prior treatment, demonstrated evidence of rapid clinical improvement, and a reduced risk of relapse compared to those treated with placebo. As previously reported, ADHERE met its primary endpoint demonstrating a 61% reduction in the risk of relapse versus placebo. Vyvgart Hytrulo was well-tolerated, and the observed safety and tolerability profile was consistent with previous clinical trials. Evidence of rapid onset and maintenance of clinical response: In the open-label Stage A of the ADHERE study, 67% of patients treated with Vyvgart Hytrulo demonstrated evidence of clinical improvement, or ECI, including 40% who had achieved ECI by the earliest possible measure at week 4. In Stage B, Vyvgart Hytrulo-treated patients maintained a clinical response to treatment longer than those on placebo as evidenced by a statistically significant and clinically relevant reduction in risk of relapse. Results across both Stage A and B indicate IgG autoantibodies play a significant role in mediating the underlying biology of CIDP. Overall, 81% of Vyvgart Hytrulo-treated patients demonstrated one point improvement on the aINCAT as compared to baseline Stage A scores in ADHERE, which includes 42% of patients with two-point improvement, 28% with three-point improvement, and 12% with four-point improvement. Clinical benefit was seen across all patient subtypes, including those who had previously received corticosteroids, intravenous or subcutaneous immunoglobulin, or were on no treatment prior to study entry. In total, 99% of eligible patients continued to the ADHERE-Plus open-label extension study. Data from the ADHERE trial were submitted to the FDA as part of a supplemental Biologics License Application, or sBLA, for VYVGART Hytrulo for the treatment of CIDP. The application was accepted for priority review in February and has been granted a PDUFA target action date of June 21.
ERIC

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05:27 EDT Ericsson sees Q2 networks gross margin 42%-44% - The company said, "We expect a further decline in the RAN market, at least through the end of this year, as customers remain cautious with their investments and the pace of investment in India continues to normalize. Dell'Oro estimates the global RAN equipment market will decline by -4% in 2024, which may prove optimistic. If current trends persist, we expect our sales to stabilize during the second half of the year, benefiting from recent contract wins and the normalization of customer inventory levels in North America. In Q2, we expect Networks gross margin excluding restructuring charges to be in the range of 42-44%. In the second half, our margins should benefit from improved business mix. We also remain highly focused on delivering stronger cash flow, based on our operating discipline. Our enterprise strategy aims to leverage network capabilities to increase telecoms industry revenue growth above the level that traffic growth alone could deliver. We are creating new, differentiated, products and services, supporting our customers in this transformation. In turn, this will support industry investment levels in the longer term. While near-term dynamics are challenging, we remain fully committed to our long-term targets, and we continue to be focused on increasing shareholder value."
VCTR

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05:22 EDT Amundi to be combined into Victory Capital in exchange for 26.1% stake - Amundi and Victory Capital announced that they have signed a memorandum of understanding to combine Amundi U.S. into Victory Capital, for Amundi to become a strategic shareholder of Victory Capital, and to establish long-term global distribution agreements. The proposed transaction would create a broader U.S. investment platform for clients of both firms, provide Amundi with access to a wider set of U.S.-managed capabilities, and expand worldwide distribution for Victory Capital. Amundi U.S. currently manages $104B of assets across a broad array of asset classes, including U.S. and global equity, fixed income and multi-asset investment capabilities for individuals and institutions worldwide. Under the proposed transaction: Amundi U.S. would be combined into Victory Capital in exchange for a 26.1% economic stake for Amundi in Victory Capital, with no cash payment involved. Amundi would become a strategic shareholder of Victory Capital with two of its representatives joining the Victory Capital board of directors when the transaction closes. Both parties would simultaneously enter into 15-year reciprocal distribution agreements. Under these proposed distribution agreements: Amundi would be the distributor of Victory Capital's investment offering outside of the U.S. This would allow Victory Capital to further expand its reach beyond the U.S. through Amundi's global client base, which would benefit from Victory Capital's investment expertise and investment performance track record across a wider range of U.S. manufactured solutions. Victory Capital would become the distributor of Amundi's non-U.S. manufactured products in the U.S. As a result, Amundi would gain access to an expanded distribution platform in the U.S., while providing Victory Capital's clients with its wide range of high-performing non-U.S. investment capabilities. As contemplated, the transaction is expected to be accretive for the shareholders of both Victory Capital and Amundi, increasing adjusted net income and earnings per share for both companies. The parties are working toward definitive agreement, which is expected to be announced by the end of the second quarter. The memorandum of understanding is non-binding on the parties. As with any negotiation, there is no certainty that these negotiations will result in a definitive agreement. The ultimate completion of a transaction would remain subject to conditions, including regulatory approvals.
IP

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05:12 EDT International Paper to acquire DS Smith in transaction valued at $9.9B - International Paper and DS Smith announced that they have reached agreement on the terms of a recommended all-share combination, creating a global sustainable packaging solutions company. The terms of the combination value each DS Smith share at 415 pence per share, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3% for IP shareholders and 33.7% for DS Smith shareholders, implying a transaction value of approximately $9.9B. The combination is expected to close by the fourth quarter. The acquisition is expected to deliver at least $514M of pre-tax cash synergies on an annual run-rate basis by the end of the fourth year following the close of the combination. The combination will be structured as an acquisition of DS Smith by IP and implemented in accordance with the rules of the Code and English law. IP will issue 0.1285 for each DS Smith share, equal to 179,948,967 shares. Upon completion of the combination, any new IP shares issued to DS Smith shareholders will be authorized for primary listing on the New York Stock Exchange subject to official notice of issuance. IP also intends to seek a secondary listing of its shares on the London Stock Exchange. The combination is expected to close by the fourth quarter, subject to IP and DS Smith shareholder approval and customary closing conditions, including receipt of regulatory clearances, in Europe and the U.S. Andrew Silvernail will be CEO of the combined company and Miles Roberts will be retained as a consultant to assist with integration matters. As part of the combination, up to two non-executive directors of DS Smith will be invited to join the board of the combined company upon close of the combination. The combined company will be headquartered in Memphis, Tennessee, with plans to establish an EMEA headquarters at DS Smith's existing London headquarters.